Understanding of concepts in a well-defined strategic plan

Assignment Help Business Management
Reference no: EM133156380

Scenario

New Age Creations is an interior design firm that specializes in high-end home designs. The business' customers are primarily from new home sales and turnover of existing homes. People who purchase houses are decorating the homes to fit their style. Recently, the company leadership team has noticed a slowing of business in the designing of expensive homes. Upon further market research, the team noticed that high-value home sales have slowed for new and existing homes. New Age Creations management also conducted market research on mid-level valued homes and noticed this housing market experienced dramatic sales growth.

The leadership team concludes that the upper, mid-level priced homes market is a new market that they would like to enter to increase sales and communicate to both the design and sales teams to coordinate their efforts. Leadership has communicated details about the new market strategy and the focus to guide the design, sales, and work teams.

A significant factor in developing positive organizational relationships amongst staff working in teams is effective communication for cooperating on shared decision-making to meet objectives. The design and sales teams will need to collaborate on the designs for the size and style of homes in this pricing category.

You need to create a written strategic plan for the sales and design teams to work on the new business strategy that will be communicated to the leadership team.

Question 1: What modes of communication will the teams leverage to coordinate work and achieve team objectives?

Question 2: Use examples to support the understanding of concepts in a well-defined strategic plan.

Reference no: EM133156380

Questions Cloud

Prepare annual adjusting entry for depreciation at December : Depreciation for the year is estimated to be $3,600. Prepare the annual adjusting entry for depreciation at December 31
Find news of a recent merger using an online search : Find news of a recent merger using an online search or a business periodical such as Bloomberg Businessweek, Fortune, or The Wall Street Journal. Research the m
What should non-profits avoid : Give an example of how a Non-Profit can get started and begin operating.
What is the pension expense for the plan : What is the pension expense for the following plan? The plan requires the company to contribute $500 for each of its 1,000 employees
Understanding of concepts in a well-defined strategic plan : Question 1: What modes of communication will the teams leverage to coordinate work and achieve team objectives?
Threats that influence airline industry-united airlines : Develop an OT table using your research to identify at least five (5) opportunities and five (5) threats that influence the Airline industry and United Airlines
Benefits of gaining international business experience : Explain the benefits of gaining international business experience and working as an expat?
What is the company expected growth rate : Kahn Inc. has a target capital structure of 60% common equity and 40% debt to fund its $11 billion in operating assets. What is the company expected growth rate
Different types of software and apps : With the explosion and use of many different types of software and apps many organizations are using "Big Data" and algorithms to better serve your needs and an

Reviews

Write a Review

Business Management Questions & Answers

  Characteristics of the current monetary policy

1. Describe the characteristics of the current monetary policy and fiscal policy in the United States.

  When is the best time to promote

When is the best time to promote? Is there seasonality in the market? Are there any wider environmental issues that suggest or dictate the timing of their marke

  Officials in developing countries

Do you think government officials in developing countries such as Russia, China, and India welcome McDonald's? Do consumers in these countries welcome McDonald's? Why or why not?

  What would be the quantity of net exports in country a

If there is free trade between these two countries, what would be the quantity of Net Exports in Country A?

  Compare and contrast apple and amazon supply chains

Compare and contrast Apple and Amazon's supply chains: comment on four key metrics make quantitative calculations. Are these fair comparisons if not, why not?

  Why a business should be involved in political discussions

Discuss the main reasons why a business should or should not be involved in political discussions or take a political stand.

  Identify one saudi arabian company

Which foreign markets is your company serving? Which mode of entry did it use to enter those foreign markets?

  Different forms of inequality

Inequality is an important issue across countries, not least because high levels of inequality to many people are immoral.Since globalistion is at least partly linked to inequality outcomes it is important to understand how linkages operate. in yo..

  Why is it important that human resources communicate

Why is it important that Human Resources communicate this information to the hiring department?

  Virtually impossible as two objectives is in direct conflict

"It must be concise also complete! Am I being unreasonable also asking for the virtually impossible as the two objectives is in direct conflict

  Charge of the asian operations for mccain

If you were in charge of the Asian operations for McCain, how would you recommend the company overcome the challenges in the Chinese market?

  Give an example of a change in ohs issue

Give an example of a change in OHS issue at your organization, then record the process of the change from initiation to completion

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