Marketing Strategy Essay: Quality of the Product

 

strategy essay

Jun 17,  · Business Strategy Essay. Words Jun 17, 24 Pages. HND in Business and Finance Unit Name: Business Strategy – 7 Assessors: Egya Gyamfi Student: Sulaiman Adebakin Introduction In this part of the assignment I will be defining and explaining mission, vision, objective, goals & core competencies, I will also be distinguishing the. Dissertation and Essay Samples:Importance of Strategic Planning. Importance of Strategic Planning. Strategic planning is a process in an organizational culture in which a strategy is defined or a direction is set and then business decisions are taken for allocation of the business resources and assets in order to pursue the defined strategy. Business Strategy Essays. The essays below were written by students to help you with your own studies. If you are looking for help with your essay then we offer a comprehensive writing service provided by fully qualified academics in your field of study.


Marketing Strategy and Mission Statement Sample Essay - iWriteEssays


The following essay or dissertation on the topic of business strategy has been submitted by a student so that it may help you with your research work and strategy essay help, strategy essay. You are only allowed to use the essays published on these platforms for research purpose, and you should not reproduce the work, strategy essay. It will be caught in Plagiarism, strategy essay.

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Strategic planning is a process in an organizational culture in which a strategy is defined or a direction is set and then business decisions are strategy essay for allocation of the business resources and assets in order to pursue the defined strategy.

Strategic Planning comprises of two words, i, strategy essay. Strategy means a game plan or a blueprint of set of actions in order to achieve a long term goal or an overall aim of a business or an individual.

Planning, on the other hand, strategy essay, means a thinking process in order to organize the actions required to achieve the ultimate aim or goal by maintaining a balance between the needs and demands.

This is a fundamental step in achieving a long term set business goal or in other words, the conversion of a business vision in clearly defined objectives and goals and a strategy essay set of step-by-step plan to achieve that long term vision, strategy essay.

It is a very flexible way of attempting for strategy essay business growth and takes into account a wider picture a dream, strategy essay. There are various benefits and importance of undergoing a strategic planning process, major ones are enlisted below:. This essay has been submitted to us by a student in order to help you with your studies. This is not an strategy essay of the work written by our professional essay writers.

Strategic Planning is a traditional means used over a long span of time by the business leaders and managers to create milestones and give business new heights. This is a very systematic organizational blueprint consisting of step-by-step activities to be undertaken by the team to achieve their long term business goals. Being systematic is its major benefit that helps the managers to clearly define the directions of their business decisions one after the other without any chaos, ambiguity and stress.

This has been proven overages that, strategy essay, for achieving a long term vision, there is a need to define sequential missions broken in a set of easily achievable goals over a period of time. With the help of a finely created business strategy plan, strategy essay, one can take an advantage of one of the premium opportunities arising all of a sudden or in the near future out of external environmental factors.

With a plan the business is able to extract benefits out of strategy essay competitive and tough situation and treating it as a challenge rather than taking it as a threat to the organization. Such windfall opportunities can prove to be a boon for the business if attempted for in time like buying a competitor's stock and assets in a liquidation sale strategy essay hiring employees of a closed down plant of rivals.

With strategic planning process one takes into account a long term view of the business operations and its model. There can be some consistent minor problems that prevent the business from achieving its highest efficiency and thereby stopping from maximizing the organizational success which can be solved by strategic planning process focussing on the root cause of the problem from choosing short term measures to solve the issue.

When the things are organized the issues can be sorted out on a permanent basis, strategy essay, which not only cut down the present cost, strategy essay, but enables to have a different outlook for future organizational growth.

Clear strategic plans not only benefit strategy essay business or its shareholders, but the stakeholders at large. With a clear business strategy the employees and managers get a clear idea about strategy essay roles, targets and performances. Like the short term plans detail about the achievement of a business goal over a span of a few months like business targets, strategy essay, deadlines, etc, strategy essay.

Whereas, the other may comprise of the longer span of time over next years, which may comprise of expansion strategies, new product development, market development, business acquisitions and mergers, marking national or a global presence, etc. With a systematic and clear strategic plan the managers are not only able to attend to the current business conditions and situations, but also address strategy essay activities strategy essay on the upcoming industry scenarios and factors.

This helps the business leaders to attempt for a quick and appropriate move at the very initial stage of business downtime or tough industry recession, strategy essay.

These finely planned moves not just save strategy essay business through a tough time, but also enable it to maintain a strong and stabilized position over its competitors and rivals. This helps capitalize the brand development of a business. Systematic planning, directed activities and properly thought upon business decisions, strategy essay, not only help the business to allocate its resources in an efficient way but also enable it to judiciously make use of its assets with the motive to maximize its output and minimize its wastage.

Strategic planning as read above is a step-by-step plan of the long term vision of the business which means it is broken down into smaller and more easily achievable missions or business goals over a short span of time.

This enables to measure the performance of the business over the series of these short term business targets. This will enable a manager to sketch the picture of the business growth in terms of profits, shareholder value or turnover, etc. This will therefore form base of the business statistics and will help to frame the future moves and suggest for better or changed business activities for achievement of that long term objective.

Though this is a measurable tool in case of any variation in the targeted business goal a strategic plan will enable to take a changed business move in order strategy essay achieve same long term business goal may be with a different set of actions. Thus it facilitates any changes to be made to the current set of actions or plans for a more flexible approach for reaching a same destined goal with more disciplined efforts and spirits.

This way of moulding strategy essay order to remain on the same path to attain the thought of aim keeps the discipline in the hierarchy and the structure of working. The strategic plan is based on the concept of simplifying the complex goal into fragments of simple and understandable sections of smaller targets. This helps to understand the complex whole picture in an easier way by breaking down into sections.

This one-by-one fragmentation is strategy essay mission creation which is taken one after the other not only simplifying the process of achievement, but also keeps the spirits of the strategy essay leaders and stakeholders high on analysing the business performance.

On being able to measure the acts and then compiling a set of scorecard, strategy essay, the team gets motivated on achieving strategy essay and higher targets for growth and development of all at the same plane.

When a business leader has a plan which is systematically made to cover his long term vision and is finely crafted in sections to elaborate its small, thoughtful goals, he has better and higher chances of extracting from the upcoming opportunities and fighting back the threats or converting them to their advantage.

This strengthens the business position over its competitors and rivals and reduces the changes of failures and weak decisions resulting in loss. A more stable and strong position is a threat to the competitors as that helps to sustain a longer market presence, stronger brand image and higher stakeholder loyalty, strategy essay.

For example the wider vision is to capture the national market over the span of the next 20 year, strategy essay. Now to achieve that vision missions are created for yearly basis, which starts from getting a specific number of clients every month to achieve a budgeted turnover every year, strategy essay. These smaller goals help to evaluate the route covered over the map to achieve that desired destination. Following up is an essential activity to keep up with the right track and reach strategy essay decided destination or goal by making necessary changes to the current plan and set of activities, strategy essay.

Place an Order Get a Quote. My Account Business Strategy The following essay or dissertation on the topic of business strategy has been submitted by a student so that it may help you with your research work and dissertation help, strategy essay.

This essay is an example of a student's work. Disclaimer This essay has been submitted to us by a student in order to help you with your studies.

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What Is Strategy Essay - Words | Cram

 

strategy essay

 

Sep 05,  · Although all elements of the marketing strategy are important, the quality of the product is crucial because creates a customer satisfaction (Singh 5). Even when all other elements of the marketing strategy are in line with the market, if the quality of the product is low, the customers will not be satisfied and will stop buying the product. Marketing Strategy and Mission Statement. Planning is an important component of every business. Designing a plan begins with a deep analysis of an organization’s internal and external environment. The situational analysis helps the business determine its existing resources, strengths, and capabilities compared to those of its customers. Dissertation and Essay Samples:Importance of Strategic Planning. Importance of Strategic Planning. Strategic planning is a process in an organizational culture in which a strategy is defined or a direction is set and then business decisions are taken for allocation of the business resources and assets in order to pursue the defined strategy.