Strategic Planning Case: The Future of the Great Italian Food Company As each member of the family has a different perspective of where they want the restaurant to go, a strong recommendation would be to start by following the steps in the strategic management process: Step 1 – Establishment of Mission, Vision, Goals
Step 2 – Analysis of External Opportunities and Threats
Step 3 – Analysis Internal Strengths and Weaknesses
Step 4 – SWOT Analysis and Strategy Formulation
Step 5 – Strategy Implementation
Step 6 – Strategic Control 1
Upon establishment of the Mission, Vision and Goals, the following questions will have been answered: “Where are we now?”; “Where do we want to go?”; and “How do we plan to get there?” Next as they prepare to move forward and begin their analysis of the external opportunities and threats, I would recommend that Johnny and Little Joe take the lead in this task. As Little Joe has previously presided over the expansion of the company, and Johnny is responsible for marketing and advertising they have a good framework of how to thoroughly evaluate the competitive environment.
Their analysis should target: 2
Industry and Markets focusing on industry profile; industry growth and forces. Competitors examining/comparing and/or contrasting their profile; their goals, strengths and weaknesses and what advantages they have over GIFC. Political and Regulatory Processes/Changes that will affect the restaurant industry and any current or forthcoming political associations involved. Society searching for any interest groups that may have a strong influence against their goals, (examples – sustainability; green peace movement, neighborhood citizen associations, etc.) Human Resources are a vital area, as entails workforce issues – recruitment, hiring, training, development, advancement, pay, benefit compensation, retirement, labor laws and unions. Macroeconomics conditions that affect supply, demand, growth, competition, and profit within the industry. Technology has the potential to be either a large opportunity or a large threat. GIFC would need to carefully assess current and possibly future trends; customer receptiveness; economic stability; organizational stability; in addition to the possibility for partnership and/or joint ventures.
The Essay on Footwear Industry Analysis
When you wake up and get dressed every morning, one of the first decisions you make is what shoes you will wear that day. Depending on the weather and the level of professionalism you are perceived to demonstrate, you make your decision. The footwear industry is a large and ever changing industry that caters to the needs of everyone. Although in some parts of the world people are lucky to have one ...
The results of this analysis would need to be shared with the stakeholders to obtain buy-in and acceptance for consideration to move forward.
Just as an analysis of the external opportunities and threats was conducted, it would be feasible to perform the same type of analysis of GIFC’s internal strengths and weaknesses. My recommendations for this task would be for Tony and Maria to take the lead. Tony appears to have an established relationship on what the current customer bases desires and Maria is eager to put her knowledge of strategic planning to work. The outcome of the internal analysis should provide them with a greater methodology for utilizing their resources more efficiently and effectively. The analysis should concentrate on areas related to finances, marketing, operations, other internal resources (r&d, information systems, engineering and purchasing), and human resources.3 A survey of the customers would also provide greater insight with regard to their opinion on buying pre-packaged frozen food meals to serve at home; their willingness to pay more for an upscale restaurant with celebrity fan-fare; whether they should stray from the family and branch off into other ethnic cuisines. Again as before, the results of this analysis would need to be shared with the stakeholders to obtain buy-in and acceptance for consideration to move forward. Assume you are a friend of Maria’s. She has convinced her father to hire you on a short-term basis to assist the Board of Directors of GIFC in what steps they should take next.
The Business plan on Analysis Of Tiger Airways Internal And External Environment
Low cost carriers (LCC), also known as budget/discount airlines, offer generally low fares but eliminate most traditional passenger services. There are five low cost carriers operating in Australia namely Tiger Airways, Jetstar, AirAsia, Virgin Blue and Pacific Blue. The purpose of this report is to conduct an analysis of Tiger Airways internal and external environment and to make recommendations ...
The Board consists of Papa Joe as Chair, the children, Mrs. Papa Joe and three long time friends of Papa Joe who own businesses in the Hill section. As the internal and external analysis has been completed, the information obtained will be utilized to assess the Great Italian Food Company’s (GIFC)’s strengths, weaknesses, opportunities and threats. This information additionally highlights critical issues that they are currently facing, including funding, expansion opportunities, changing regulations and the customer base (current and future).
Key questions and/or activities to be considered as they begin formulating
their strategy are:
– Take into consideration how quickly changes have happened in the past, and try to assess to what degree it is possible to predict common trends in demographics, product life cycles. A five to 10 year span is typical. – Identify major stakeholders. Decide who will be affected and have an interest in the possible outcomes. Identify their current interests, whether and why these interests have changed over time in the past. These activities have kept GIFC busy, but there are still two more to go before accomplishing the end – Strategy Implementation and Strategic Control. Strategy implementation involves performing the activities of the written plan. The mission has been articulated, the critical issues identified, and the goals and strategies agreed upon. This is a key step in the process as implementation will either bring about success or failure.
The Essay on Strategies To Reduce Resistance To Change
1. Using Lewin’s Change Model, successful unfreezing can set the stage for change to take place. <INSERT CONTEXT: why is the change needed?> By understanding the need to change, employees become dissatisfied with current practices, hence motivated to change. The organization must always create the motivation to change. This creates favourable predisposition towards change, reducing ...
Management must do it’s part to ensure the lower levels employees acknowledge and do their part when it comes putting the new ideas into action. Everyone has an idea and opinion that they believe to be valuable, teamwork is key, however there can be only one “BOSS”. Determining which strategy or combination of strategies to implement first will require Strategic Control. By brainstorming, they will identify how they can differentiate themselves other Italian restaurants. This could focus on the food, decor, or service they provide. Their main objective is to find out what their competitors are doing and not imitate it.
