Conversations with precision part leaders

Reference no: EM13742946

Consider the following scenario:

You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan.

PPQ Parts employees now number 5,000, and all are currently employed in the United States. It plans to grow to 10,000 employees in 4 years.
New facilities will be needed in international expansion, and PPQ Parts anticipates building most of those (80%) outside the United States.

PPQ Parts holds 5% of the world market share on small SUVs, but its goal is 9% in 4 years.
Current stock price is $10 per share. The goal is $22 a share.

Profit margin 3-year average is 6%. Industry average during this time has also been 6%. The company goal is 13% in 4 years.
PPQ Parts has averaged 28% employee turnover during the last 3 years. This is compared to an industry average of 25%. The goal of the company is to increase employee retention by lowering annual turnover to 17%.
PPQ Parts contributes to all the local communities in which it is doing business. This is one of its corporate values. Current charity is 0.5% of total profits, but the company would like to raise that to 5% in 4 years.

Assignment

A strategic management plan is vital for the company business today. Review the company scenario at the beginning of the course for additional information regarding growth goals. Create a basic strategic management plan for PPQ Parts including quantifiable goals and measures. Include the following in your report:

Provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability, and so forth.
Address internal resource analysis such as managerial and financial strengths and weaknesses.
Please include short-term and long-term strategic goals.
Location consideration for implementation is vital. Please explain the benefits and limitations for expansion in your chosen area.

Be sure to reference all sources using APA style. For more information on APA, please visit the APASTYLE Lab.

Reference no: EM13742946

Questions Cloud

Colleague considers a low-risk loan : A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low-risk loan. Give an adverse election explanation for this and offer advice to your friend on how to solve the pro..

Case-holly manufacturing company : Holly Manufacturing Company produces two cello models. One is a standard acoustic cello that sells for $600 and is constructed from medium-grade materials.

Write a review of the political wisdom of us strategy : Write a review of The Political Wisdom of US Strategy and The Political Shortsightedness of U.S. Strategy. in which include the Introduction with your thesis statement (very important). Brief summary of the two essays.

Service positioning versus product process : Compare and contrast the service positioning matrix and the product process matrix in terms of their differences and similarities. Provide at least one example currently used in business for each of the matrixes and evaluate their benefits

Conversations with precision part leaders : You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan.

Differing assessments of the need for change : Change is everywhere, yet very few people seem to embrace the concept. We are, for the most part, creatures of habit and follow daily routines. When change occurs, our activities and thought patterns are disrupted.

Applicant pool by dropping this requirement : Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..

Create a complete c# windows application : The objective of this individual project is to create a complete C# Windows application and the related design document. The program is based on the following specifications and instructions.Calculate and display a letter grade for each student.

Explain how the recommendation benefits the ecosystem : Explore and analyze one keystone species, the gray wolf, and its influence on the ecosystem in and around Yellowstone National Park in the United States. Explain how the recommendation benefits the ecosystem of the region

User Account

All Pages