Strategic objectives
Objective 1- To sell and service Australian Hardware products in every state of Australia.
Strategies priority:
1. Seek for suppliers, backers, allies or alliances within 3 months by the Brand or General Manager of the organization.
2. Manage meeting within 2 weeks once the alliances are found to consult with about the plan accomplish by general manager.
3. Sign contract with the alliances within 2 weeks after consultation accomplished by CEO.
Objective 2- To increase profit margins by 5% in the next five years.
Strategies priority:
1. First thing first, conduct monthly meetings with all stakeholders explain the target of the organization and present ways to attain the target monthly by the CEO and the participation of all stakeholders.
2. Take action on plan, provide training and monitor staffs’ performance and record the performances monthly by HR manager.
3. In order to achieve the objective, measure the performance and financial of the organization once in every six months then provide necessary resources by checking all processes by the Financial manager and HR manager.
Objective 3- To establish the Australian Hardware brand recognition in key markets in the next five years.
Strategies priority:
1. Conduct monthly meetings with all stakeholders in the meetings ask for new ideas and innovation for brand recognition in the market. All relevant parities should be involved in meetings.
2. Once in every six months, contribute the new
The manager should have policies and procedures and planning documents in place for person-centred strategies. This is to make sure that staff, have the proper training. The manager should monitor and review things regularly.
Step 4 is to communicate the Vision. When everyone in the company understands and believes in what the company stands for, it creates a sense of unity and will reduce resistance to change. Communication is the key. Training will be implemented, but if there are any additional
Documentation of the plan of action for the employee should be completed. This documentation will provide a record of what has been tried, lessons learned, and the direction in which the employee should take to meet goals. This will help the employee gain knowledge and experience prior to taking on additional responsibilities. Thus, providing the employee with his/her strengths and weaknesses. Next the discussion for what the employee goals will be for the upcoming future should take place. New goals should be addressed. The employee should be willing to correct any performance issues.
Four different processes are followed in any organization. Assessment is the first process, “an organizations performance can be determined by collecting information systematically” (CLAS). Data is being collected to review how employees and the organization as a whole are performing when I manager uses the assessment process. At this time the manager should be providing feedback regularly during the assessment process as to what areas need improvement, the areas that are strong, and what areas need to change. If at a point the manager decides change needs to take place the next step would be planning. Planning identifies the problem this determines what is contributing or causing the problem, then a solution needs to be found. It is up to the
Identify any considerations you will need to employ to build and maintain the brand and customer loyalty.
Hire and train more staff, retrain the old staff, provide regulatory and policy guideline and security of job. Restore working conditions including overtime and health insurance.
Meeting with staff, providing the opportunity to discuss concerns, ascertain motivation and build relationships between management and workers. Collect and analyse performance figures and observe trends, (for example absence levels, retention, production or customer service). Use staff satisfaction surveys to determine the mood of employees. Promptly analyse responses to identify areas requiring action.
1. First define company’s strategy, objectives and work towards the goal. Use some kind of framework to plan out the strategy. Second establish key performance indicator to measure the results. Third identify risks that can drive variability in performance since this is physical product. Fourth establish key risk indicators and tolerance levels for critical risks. Strategies the company should follow or implement in order to reduce the risk are community based marketing. They should be interacting with their customer on daily bases. The company should develop technological innovation. Lastly focus differentiation. Some companies should compare historical performance with today’s performance. Lastly the companies can provide integrated reporting and monitoring. If company starts to take these steps, they would be reducing the potential risks.
They include: Increasing the particular core enterprise, increasing by sub-segmenting buyers and also increasing nearby opportunities. It is strongly recommended that the chief leaders start the procedure by considering the progress likely from the found core enterprise and/or the particular opportunities and also progress likely connected with creating revolutionary price propositions at under functioned buyer organizations.
5. What strategic considerations are involved in moving this brand forward? Make recommendations on suggested positioning, and delivering this positioning through the marketing mix.
The next step will be to prepare the operation plans. The operation plans should also reflect the scope and goals of the business, and they should consider several elements like competition in the market, infrastructure and many things that can be fundamental in ensuring the business gains a competitive advantage. The last step is to integrate plans. It is important to make sure that the plans have been properly balanced so that they can be able to support one another. The plans should be clearly communicated to the people implementing them. It is also important to review the plans from time to time to make sure that they in line with the trends in the business environment.
Develop an action plan of strategies and tactics to be implemented. Finalize the marketing plan.
Response: The current evaluation process is performed twice a year and is recorded and measured by the CEO/Executive Director of the organization. Since the organization is relatively small the Executive Director sets up performance measures with all employees and meets quarterly to ensure goals and objectives are pursued and completed. The actually performance evaluation is done twice a year in July and December.
The second step is to form a powerful coalition. This step requires strong leadership of someone that can take the bull by the horns and build a team of key people that work together to build momentum for the need for change. The third step is to create a vision for change. This step involves help of the coalition to spread the vision to others as part of the strategy to execute it. It should be short, sweet and to the point. Your vision speech should be strong, clear, and practiced. The fourth step is to communicate the vision. It is important to apply your vision to all aspects of the business which may include company newsletters, banners, or throughout the
2. Hire a management team to replace or train existing employees about the individual departments so that all business is handled in a professional manor and stay organized.