Strategic Planning Task 3: Review of Vista's Organizational Strategies

This report provides a review of organizational strategies within the context of Vista, a multinational company undergoing a review of its mission, vision, and strategic direction. The review emphasizes the importance of assessing business plans to ensure alignment with stakeholder expectations and to identify opportunities for process improvements. Tools such as benchmarking, resource-based approaches, and SWOT analysis are discussed as methods for evaluating organizational strategy and business plans. The SWOT analysis of Vista group is presented, highlighting its strengths, weaknesses, opportunities, and threats. The report also touches on Vista's current market position and suggests applying a resource-based approach to optimize resource allocation for target achievement. The review process of business plans includes assessing core activities, evaluating business strategies, reviewing financial positions, conducting competitor analysis, and performing customer and market analysis. The document concludes with a list of references.

Strategic planning- Task 3

Introduction
 Review of organizational strategies has been done in the
presentation in context of Vista to so that adequate changes can
be done to achieve the better outcomes.

Concept of review of business plans
 The review of business plans dictates the information that plans
are going according to set expectations of the stakeholders or not
(Driouchi and Bennett, 2012).

Importance of review in developing
organizational strategy
 According to Driouchi and Bennett (2012), review of
organizational strategies and business plans is important because
it provides the opportunities to implement the changes in
processes.
 To be aware about the quality of work

Cont…
 Helps to evaluate management capabilities
 Supports to know about budget
 Helps to minimize the wastage
 Business performance

Cont…
 Provides an opportunity to maintain a relationship between
planning and strategic advantages
 Helps to perform frequent changes

Tools to review organizational strategy and business
plans
 Benchmarking
 Resource based approach
 SWOT analysis (Strengths, Weaknesses, Opportunities and
Threats)

Cont…
 Benchmarking- it supports to promote performance
improvement and implement new strategies according to review.
In this context, Vista can apply benchmarking tool to analyze the
current strategies of the organizations because through
benchmarking strategy management become aware about current
position of working

Cont…
 Vista can come to know about the current strengths and
weaknesses of the organization as well as employees.
Furthermore, on the basis of benchmarking tool, Vista can change
into the business strategies for achievement of adequate results

Importance of benchmarking
 Vista can set a level of performance expectations by reviewing
business plans and accordingly focus on the further developments
and innovations.
 benchmarking helps the companies to set the standards and
accordingly perform the changes in strategies and business plans
for optimum outcomes.

SWOT analysis
 SWOT analysis is used to analyse the internal and external
strengths of the organization so that competitive advantages can
be obtained in the market among rivalries

SWOT analysis of Vista group
Strengths
 Brand image
 Quality products and technical solutions
 A large number of consumers
 Strong distribution network (Blue ocean University, 2019)