Strategic Plan
STR/581
Jaquanda Smith
April 7, 2014
Dr. Hoda Bagdady-Asal
Table of Contents
Executive Summary 3
Company Background 4
Mission, Vision, Values 4
Company Environmental 5
Remote 6
Industry 7
Operating 8
SWOT 9
Company Position 11
Company Structure 12
Best Value Disciplines 12
Strategic Choice 12
Strategic Evaluation 13
Implementation Plan 13
Objective Table 14
Strategic Controls 16 Gantt Chart 17
Conclusion 17
References 18
Executive Summary
Organizations incorporate strategic plans to effectively execute goals. The fundamentals of strategic planning entail elements such as, researching, analyzing, implementing, and evaluating. Jay Pritzker founded Hyatt Hotel Corporation in 1957. Hyatt
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Hyatt’s value statement is “to adhere to a set of core values such as, mutual respect, intellectual honesty and integrity, humility, fun, creativity, and innovation to characterize the culture of the company” (Hyatt, 2013). Hyatt provides its consumers with an intangible good, which is customer service. Hyatt values it personnel as an essential factor in achieving its strategic plan of authentic hospitality. Hyatt’s successful approach to empowering its personnel is its “thoughtful approach to growth” and furthermore, emphasizes its strategy. (Hyatt, 2013).
Company Environment
Delicate consideration of factors pertaining to the internal and external environment, are a necessity in executing Hyatt’s ultimate goal of “being the preferred brand”. Internal and external environments are factors that may be within or beyond the control of the firm. Theses factors influence the direction, action, structure, and internal process of an organization. The operating, industry, and remote environments are sub-environments that are associated to a firm’s environment (Pearce and Robinson, 2013). Its associates, guests, and owners through its presence in each community it is located in impact Hyatt’s environments.
An analysis of a firm’s internal environment can be completed through various methods. These methods are value chain analysis, three circle analysis, SWOT
ASOS is an international fashion retailer, which offers an extensive line of products, varying from high street to
Her success has recently come in 2011. My plan is to open a second sleep study in San Antonio, Texas. Roxanne will continue to manage the center in Corpus Christ and will help me virtually manage the San Antonio location. Because Roxanne has the information needed to model her sleep center it will be much easier to open up my own sleep evaluation center based on her proposal.
Strategic planning is a critical element of an organization’s annual business plan. A strategic plan consists of a number of components. In addition to analyzing a company’s strengths and weaknesses, a strategic plan also includes implementation and control techniques. While this may seem easy enough, implementing a strategic plan into an organization can be challenging. Barnes and Noble, like a number of corporations are seeking ways to improve productivity and profitability. This essay will identify business alternatives for the bookseller which will enable them to diversify their product offerings.
We celebrate the special way we treat and relate to our customers. We think retailing is all about customer experience, and that is what really differentiates us.
After the successful acquisition of Yahoo!, Microsoft has increased its share on the internet search market and become market leader in web-service subscribers. However, it is still far behind Google in the searching advertising market.
The external environment analysis of the organization is necessary to get a view about the business process and operation process with regards to the market. There is a range of major factors and trends that associate with the organization to increase the potentiality in the market and create a good customer base (Baglivo et al. 2014). The external analysis comprises of macro environment, micro environment, competitors analysis and most importantly the market analysis of the
An organization needs to do Strategic planning when their current organizational objectives are no longer being met. However, when the current strategy is producing favorable results then there will most likely be no change or need for change in the organization (Greenberg, 2005). In the case of the Software Firm, there is clear need for a change in strategy and therefore need for strategic planning. The current organizational objects are no longer being met and therefore the new organizational objectives will require a new strategic plan. It has been decided that the company will take steps to move in a completely new direction, and therefore new objectives will be established along with a new strategic plan to meet these objectives.
WWC’s embodies a service-oriented culture that encourages individual associates to be responsive, respectful, and delivers great experiences to customers, guests, partners, and communities and each other. WWC’s core values are to act with integrity, respect everyone, everywhere, provide individual opportunity and accountability, improve customer’s lives, and support communities (WWC, Mission and Culture 2006-2017). The company developed these values by creating a strong foundation and relationship with customers, hotel franchisees, senior executives, security personnel, and other departments within the company. WWC focuses on actively including diversity and inclusion within its workforce while creating memorable experiences for all of the guests that visit its properties from all parts of the
Internal Environment is the review that looks at the company operations, internal guidance as well as mission. Internal environment does consist of the value – chain analysis as well as the research based view tool.
The internal environment in any organization depends on the idea of management. In addition, the management is the system in which the individuals manage the corporations, and put a clear strategy to reach their goals. Moreover, the important point in management Regardless the controlling of all organization parts, is identify the way of achieving the target of the firm. Furthermore, there are some principles that represent the views of manager that determine the factors affecting the internal environment of the organization to reach the firm’s target and goal. In addition, this principles classified into the classical approach, the human relations approach, and the systems approach.
The company and all the other actors operate in a large macroenvironment of forces that shape opportunities and pose threats to the company. The external environment can be audits in more detail using approaches such as SWOT analysis, Porter Five Force analysis and PEST analysis. The most influential forces or factors in the company¡¦s environment are shown in fig ¡K¡K¡K¡K¡K¡K¡K..
Hyatt Hotels Corporation, based out of Chicago, Illinois, offers 667 properties, spanning 54 countries, via 12 brands. Hyatt’s services vary and include development, ownership, management, franchising and licensing, and timeshare. Hyatt’s self-proclaimed purpose is to care for people so they can be their best. The company applies this philosophy, not only to its guests, but its employees as well, which are referred to as the Hyatt family. Leadership
The internal environment are the conditions, entities, events, art factors within an organization that influence its activities and choices, particularly the behavior of the employers. Conditions are set as the place where the workers are set to do their job, where the customers are able to order and to receive what they ordered, and the basic necessities in their workplace. Entities and Events are the situations and days where something may be changed due to someone 's preference or due to a large gathering within the company. The art factors are the general aesthetic that the company upholds, and the behavior of the employers is truly something that does not only boost morale, but the value of the goods that are produced.
To be successful, a company needs to have proper knowledge of the internal and external environment of the company. In this report, I am
I, Pooja Agrawal, do hereby declare that the report is my individual effort and that no part of the report is copied from published/unpublished sources without proper citation.