Able Corporation Business Plan Report - 841 Words

The Strategic Plan of Able Limited a subsidiary company of Walden International details goals for the next ten years. The plan also encompasses the strategies to achieve our initiative of breaking and leading in the global market and measures by which we will evaluate our progress. This plan is created in consideration of all our stakeholders. The plan will be updated yearly which will enable us to give account of our achievements, need for modification on new mission requirements and how to improve on our performance measurement ways. Able Limited is a growth oriented company. The need for this strategic initiative is to formulate, implement and ramify our strategies on how to break into the global market and maintain a high†¦show more content†¦It will also include procurement of a head count of employees, material and media management through advertisement and partnership. It also pertains how to attain low cost and high volume production, level of employee involvement i n daily running of the activities of Aber Corporation. Furthermore it involves regular auditing of accounting books to minimize accounting errors, workforce training through seminars to keep them at par with dynamics in the global business world, diversification and portfolio planning and analysis of the political, economic, social and technological changes (Ernest, 2001). Tactical execution of the above strategies requires the following keys to success: provision of high quality work, paying great attention to professionalism in all business dealings, maintenance of a high managerial oversight and use of a highly competent workforce who are able to explain intricate business values to our clients. This is the most important part as it involves practicability of the stated objectives and our adaptability to laid down changes to be implemented. This includes optimal resource allocation, building on our strengths, resolving of various threats we are facing, pursuing of opportunities available in our scope and resolving our weaknesses through communication. The success measures or quality control management will entail reviewing of all our long-term and short-term forecasted objectives against how we have performed. We will alsoShow MoreRelatedStrategic Management Essay1403 Words   |  6 PagesQuestion: Able Corporation is a successful US manufacturing company located in Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart. They have sale papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the US and Canada, Able is trying to break into the global marketplace. 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