You must know where you are now before you can determine where you should be going. The next step is to analyze the alternatives. It is important to remember that the current list of alternatives is not the sum total of options available. The company should be as creative as possible in the alternative-generating process. The external analysis should help with this by identifying opportunities in the marketplace that may not have been part of the initial idea generation process.
Whatever alternative is chosen, it should be congruous with the company's existing competencies. Ideally, GIFC will have some source of sustainable competitive advantage that can be leveraged in the new business. Even if not, the strategy should play to the company's strengths, but be manageable within the company's constraints. Because this is a small, family-owned firm, GIFC should consider how they will implement each of the strategies that have been shortlisted. The stakeholders should evaluate the time frames for the strategies vs. their own time frames. Some of the strategies can be expected to succeed relatively quickly and easily; others will represent a significant challenge that could take years to succeed.
Once the strategy has been chosen, a more detailed implementation plan can be drawn up. The objectives of the firm must be re-set to reflect the change in direction. Then a power structure must be derived according to the needs of the new organization....
Strategic Planning and Implementation Over the last several years, identity theft has become a major issue that a number of individuals are dealing with. This is because criminals are using various techniques to be able to gain access to a host of personal information including: bank accounts, credit card / social security numbers and the date of birth. Once this occurs, is when they can assume the identity of this person
Strategic Planning at the Chronicle Gazette Decline of the Newspaper Publishing Industry Declining Circulation and Revenue Status of Leading Newspapers Reasons for Decline in Circulation and Revenue Economic Factors Political Factors Demographic Factors Technological Factors Porter's Model Strategies adopted by different Companies Steps to be taken by the Chronicle Gazette Form a Website Minimize Cost and Increase Efficiency Organization Structure Adopt Digital Technology Susan Feiman is the publisher of The Chronicle Gazette, which is one of the most prominent newspapers of the United States. It has
Strategic Planning Present how strategic planning, performance improvement, and information systems are interrelated and fundamental to the delivery of quality health care. Over the last several years, the health care system has been facing considerable challenges. This is because the total number of patients is rapidly increasing and costs are rising. Evidence of this can be seen with a study that was conducted by the Kaiser Foundation. They found that insurance premiums
Strategic Planning at the Chronicle Gazette The Declining Newspaper Readership The Strategic Planning The Reestablished Mission of the Chronicle Gazette The Human Resource Planning The Importance of Strategic Planning The Evaluation Criteria The Anticipated Needs of the Organization The Strategies of the Competitors Internal Assessment of the Chronicle Gazette Strengths Weaknesses External Assessment of the Chronicle Gazette Opportunity Threats Proposed Strategic Plans for the Chronicle Gazette The case study presents a detailed and structured analysis of how the preferences of the newspaper reader shifted from the
This component of planning functions on the basis of the drive to protect the company, as far as possible, from damage by means of external disaster or internal weakness. Contingency planning, then, allows a company to resume operations as soon as possible after a disaster or crisis. It ensures that the company has components in place that promotes its core health and resiliency. In contrast to the others, this
Strategic Planning The business that I want to start is a small barbeque and soul food restaurant. This business will have one location to begin with. The business will be defined by the quality of the food and the fun, comfortable atmosphere of the restaurant. This paper will first explain the benefits of strategic planning, and then outline some of the strategic plan for my new restaurant. Strategic planning is "an organizational
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