Strategic Plan Essay Example | Topics and Well Written Essays - 2000 words

Strategic Plan - Essay Example This paper analyzes the presents an internal and external analyses of the Southco, Incorporated. This paper suggests that the company employs a differentiation strategy in achieving the company's objective of increasing market share and revenue. Our mission is to create continuous growth opportunities through strong customer connectivity and engineering excellence. We will seize these opportunities through seamless teamwork and by leveraging our operational excellence and supply chain management. Together, we will drive leadership, growth and extraordinary value for our customers, associates and shareholders. The success of a company is not only subject to its internal operation but is often to a large degree dependent to its environment. In fact, the mere survival of a company hinges on its ability to take advantage of the opportunities and surpass the threats posed by its external environment. Southco, Inc. belongs to the engineered access hardware industry. Like any other segment, this industry is primarily influenced by its remote environment like social, political, technological, ecological, and economic factors. The operation of Southco, Inc. ... It can be seen that innovations in one sector can largely affect another. For Southco, technological breakthroughs can amazingly influence the industry it operates in it by altering the way it does business. One example of this is the technological revolution brought about by the internet. In the case of Southco, this advancement has made its operation more efficient by offering a new way to market its product to its customers. Instead of just manufacturing its products, the company was able to streamline its value chain by cutting the distribution channels between it and the customers. The internet also removed geographical boundaries and helped the company reach out to a larger market. The internet technology facilitated the Southco's inbound logistics as it eased collaboration with present and prospective suppliers. Economic factors also have a great bearing on the operation of the engineered access hardware industry. As the company operates as an international player, it is exposed to various risk not faced by companies serving the domestic market only. The global economy has become more integrated as it is becoming a global village. However, each country does not perform the same way as the other. This explains the fluctuations of the value of currency in different economies. Southco is exposed to this risk as the value of its revenue in one country is always influenced by the value of the country's currency relative to the US dollars. Exchange rate fluctuation can be both harmful and beneficial in determining the performance of Southco's regional department. Industry Analysis The analysis of an industry and the significant forces in it can be best illustrated by employing Porter's Five Factor Model. Entry Barriers: HIGH Entry to the engineer access

Triple bottom line (TBL) Essay Example | Topics and Well Written Essays - 1500 words

Triple bottom line (TBL) - Essay Example The paper seeks to evaluate operational benefits hunted and realized from the evidence of the business discussed with regard to TBL. Additionally, the paper also seeks to answer whether there are activities that can be carried out to incorporate TBL. The research seeks to answer the following questions; the origin of the organization, its economic, social and environmental involvement in the business. in addition, its involvement in CSR. The research was done on Bristol organization which is a charitable organization. The work contains the profile of Bristol organization, investigation methods used, findings, literature review, the activities of the organization, importance of CSR and conclusion. Organization profile Bristol organization is a charitable organization established in the year 2000. ... For part two I used questionnaire. I got the information from the manager of Bristol. I chose questionnaire because it is an easy method of data collection. In addition, I get to gather information first hand from the manager of the organization. The method is also interactive making the interviewee feel at ease while answering the questions. I used the findings from part 1 and part 3 to complete part 3. Discussion findings From the primary research from Bristol, we learn that, the organization has maximized on the triple bottom line concepts, even though the organization does not use triple bottom line as a framework for its business reporting. Economy wise the organization has ensured enough people are employed even though they are not that educated. Therefore, by providing employment opportunities the organization gas assisted in reduction of unemployment in society. Additionally, the organization is involved in charitable activities that assist in helping the needy therefore, con tributing positively to the society. Through, sustainability initiative the organization has been able to maximize on profit. Thus, the organization has been able to improve in its service delivery. Through the green capital award, more organizations will be encouraged to embrace triple bottom line concepts in order to ensure they stay in line with organizations that are already in practice. Bristol CSR activities The operational activities practiced by Bristol include; voluntariness, this involves the company behavior to ensure all selected actions and behaviors are based on ethics, values and according to the existing laws. The company benefits from these operational activities in that it will gain respect from the community therefore maximizing on sales. Additionally, by