"Successful Management Companies: A case study. YEARproduction etc. Therefore by determining these goals and objectives for the company a strategy canbe formulated. Step 2:Information gathering and analysis:The second step is information gathering and analysis for the required goals and objectives of thecompany. That is the information is collected regarding the present outcome of the company and itscapacity to achieve higher level output and gains. This way the information collected helps in gettinga clear and concise idea about the position of the company and the estimates could be made for theobjectives that are achievable for the company in the coming years.Step 3: Strategy Design:A strategy design and formulation is the third step. This step helps in finalizing the best and mostappropriate strategy based on the fed data and input and its according analysis. This way the strategyis designed such that it helps the company in achieving its achievable goals in the prescribed timeframe to achieve the estimated outcome in terms of performance, output and gains.Step 4: Implementation:The implementation of the strategy takes place as per the planning at different levels of theorganization. The effective implementation of the strategy will ensure getting desired outcomes forthe company. The implementation should follow clear instructions and support for furtherclarifications.Step 5: Review of the strategy:The review of the strategy is required to be done so that the estimates are made regarding thedevelopment, acceptance and the possible gains that has been retrieved by the company. This reviewhelps in judging that if the strategy developed and implemented has actually achieved its appropriate Successful Management Companies: A case study. YEARand required targets. Thus a suitable strategy is allowed to be continued and followed. On the otherhand, if a strategy does not prove beneficial and reaches up to the mark than it is removed or changedas per the requirements (Businessballs, 2014). These steps followed in the process of formulation and implementation of the development strategycan be displayed as below.DeterminingOutcomes InformationReview andgathering andevaluation analysis Implementation Strategy design Operations:An efficient operation is a basic means of achieving successful management in the company. Itincludes the following features.1. Plant layout is a concerned with the placement of machinery in the company premises. That isthe right place of the keeping the machinery where it proves highly beneficial in the Successful Management Companies: A case study. YEARproduction process is considered the best plant layout. Also the most suitable plant layout willbe when the production faces no set back or delay in its regular normal working conditions.2. Product design is associated with the development of the required product design which isrequired as per the customer demand and also facilitate in the packaging process.3. Process design is the method that is actually followed in the production process so that theestimated output in terms of quality and quantity can be achieved.4. Production planning and control helps in following the best and most appropriate productionsystem that has minimal errors and meet the production requirements.5. Quality control helps in maintaining the production quality so that the output meets theminimal production requirements and fulfills customers demand.6. Material management helps the company in following the lean production system. Thissystem ensures lower wastage and application of Just in Time technique so that the cost ofproduction declines considerably.7. Maintenance management helps the company in maintinnig the physical resources such thatbreakage can be avoided and improved efficiency can be achieved overtime.8. Location is another factor if favorable helps in transferring raw material and finished goods ina more efficient manner.The efficient management of operations can be depicted as below. "