Four timeless and central concepts in strategic planning

Assignment Help Business Management
Reference no: EM132459489

In Chapter 10, Tracy discusses four timeless and central concepts in strategic planning. They are: specialization, differentiation, segmentation, and concentration. These concepts are essential to a successful business. Understanding, then adapting to dramatic changes in these concepts will most often lead to successor or failure. Therefore, carefully consider these concepts as a unifying theme in your choice of a planning strategy. Write an assessment that identifies, and then describes which of the four generic strategies would best fit your company

Cost versus differentiation

Customer driven

Competitor driven

Internal process driven

Be sure to discuss specifically how this strategy will be utilized to achieve the organization's vision, mission, and values. Then, justify the reasons you chose this particular strategy, including why this best fits the company. Be sure to address how this strategy aligns with your customer and competitor analyses.

Reference no: EM132459489

Questions Cloud

Differences exist between men and women in negotiation : What types of differences exist between men and women in negotiation?
Professional development plan : The ability to create, communicate, and compel vision is critical to inspiring and effective leadership.
Create effective communication in teams : Create effective communication in teams and guidelines from the text to determine how s a student group could constructively manage situations described below
Discuss the potential customers for this product-service : Develop a product service idea. Discuss the potential customers for this product/service
Four timeless and central concepts in strategic planning : Tracy discusses four timeless and central concepts in strategic planning. They are: specialization, differentiation, segmentation, and concentration.
Benefits of using product andservice : Develop a product service idea. Describe the product/service including the benefits of using the product/service
Biggest challenges facing organizations : You will create a PowerPoint presentation that outlines what you believe will be the biggest challenges facing organizations in the next 20 years.
Making decisions in global environment : Why is it important to understand the concepts of inflation, present value, and future value as Saudi Arabia moves towards Saudi Vision 2030?
Essential for business planning growth and success : Financial statements are essential for business planning growth and success. How do you plan to overcome those challenges?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd