Reference no: EM131910925
Assignment
PPQ Parts has determined that for the company to expand globally over the next several years, its managers must be properly trained in multiculturalism and diversity management. PPQ Parts executives must be aware of any political and economic concerns that may arise during the expansion.
You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan.
• PPQ Parts employees now number 5,000, and all are currently employed in the United States. It plans to grow to 10,000 employees in 4 years.
• New facilities will be needed in international expansion, and PPQ Parts anticipates building most of those (80%) outside the United States.
PPQ Parts holds 5% of the world market share on small SUVs, but its goal is 9% in 4 years.
• Current stock price is $10 per share. The goal is $22 a share.
Profit margin 3-year average is 6%. Industry average during this time has also been 6%. The company goal is 13% in 4 years.
• PPQ Parts has averaged 28% employee turnover during the last 3 years. This is compared to an industry average of 25%. The goal of the company is to increase employee retention by lowering annual turnover to 17%.
• PPQ Parts contributes to all the local communities in which it is doing business. This is one of its corporate values. Current charity is 0.5% of total profits, but the company would like to raise that to 5% in 4 years.
Task
A strategic management plan is vital for the company business today. Review the company scenario at the beginning of the course for additional information regarding growth goals. Create a basic strategic management plan for PPQ Parts including quantifiable goals and measures. Include the following in your report:
• Provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability, and so forth.
• Address internal resource analysis such as managerial and financial strengths and weaknesses.
• Include short-term and long-term strategic goals.
• Location consideration for implementation is vital. Please explain the benefits and limitations for expansion in your chosen area.
|
Develop a statement that can be used by the police chief
: Based on the theory that you have chosen, develop a statement that can be used by the police chief to provide information to the public.
|
|
Identify at least three potential legal or regulatory issue
: Identify at least three potential legal or regulatory issues that must be considered prior to implementation.
|
|
Why is quality so important to an organization
: Define quality in your own words. Considering your definition and the materials you reviewed this module, why is quality so important to an organization?
|
|
Define majoritarian electoral democracy
: Read the article about Political Theories and Parties then discuss the following: Define Majoritarian Electoral Democracy and Economic-Elite Domination.
|
|
Prepare a basic strategic management plan for ppq parts
: Prepare a basic strategic management plan for PPQ Parts including quantifiable goals and measures. Include short-term and long-term strategic goals.
|
|
Discussion of export estimates
: Discussion of Export Estimates - Provided a meaningful discussion of the accuracy of estimates and possibly causes of errors, if any
|
|
In what ways is this apparent in modern business
: In what ways is this apparent in modern business? If not, is it possible to reduce expected multitasking in projects and if so, how?
|
|
What can you legally do about this situation
: However, the posts were believed by consumers and your profits dropped by 7% as a result. What, if anything, can you legally do about this situation
|
|
What conflict resolution advice would you give to the person
: In a 2 page paper, based on the subjects covered throughout the quarter, what conflict resolution advice would you give to the person who will be replacing you?
|