Reference no: EM133028973

The Importance of Planning

Imagine that you are a consultant for CapraTek, the company. As part of a kickoff meeting for an organizational efficiency planning session with corporate leaders and managers from various departments (including operations management, information technology, and marketing management), you want to send a clear message about the importance of business planning. For this task, you will develop an executive speech explaining the importance of organizational goals and objectives to grow a business, including key performance indicator (KPI) targets that should be taken into account by corporate leaders when developing their strategic plans.

In your 3-minute elevator pitch that uses clear, professional, and logical communications appropriately aligned with the task, purpose, and audience. Your executive speech should include critical concepts found in the course resources presented in the first three weeks that include the following:

• What is the Importance of planning and best practices for success.
• What Linking departmental plans to the overall strategic plan and business operations goals.
• What Key performance indicators that each manager needs to consider when developing a plan.

About CapraTek

CapraTek has a long history as a leader in the design and manufacture of computer server components and continues to provide innovative solutions to industry needs. Now, CapraTek is leveraging this culture of innovation to expand into emerging wireless technologies. As part of that diversification, CapraTek is developing advanced smart-home technology. CapraTek recently announced that it will begin the development of a wireless system that will provide seamless integration of virtually all home electronics and appliances, all controlled through a single wireless device and a simple web-based interface.

Vision

CapraTek will provide excellence in everything we do as we define and deliver technology solutions for tomorrow's problems.

Mission

To measurably contribute to the goals of our customers-both direct consumers and resellers-by providing extraordinary products at a fair and competitive price. CapraTek will focus on enhancing the success of its partners, employees, and investors by enacting the values of teamwork, respect, accountability, integrity, and innovation.

• For business customers, we will create value through efficiency, reliability, and flexibility, both in our products and our customer service.
• For resellers, we will offer unique products that create sales and profit opportunities, including valuable vendor relationships, sales programs, access to credit, and training and development.

Values

These are the values that should shape every decision made at CapraTek from the boardroom to the assembly line.

• Teamwork: We work together as a unified team to meet our goals.
• Respect: We strive to bring the highest degree of dignity, equality, and trust to every interaction with our co-workers, our customers, our shareowners, our manufacturers, and our community.
• Accountability: We take responsibility for our actions, decisions, and products. We accept our individual, team, and corporate responsibilities and we meet our commitments.
• Integrity: We employ the highest ethical standards, demonstrating honesty and fair-mindedness in all our interactions.
• Innovation: We consider innovation crucial to our mission and to our ability to continually live our values. We welcome change and the many opportunities that change brings.