Answer to Question #287345 in Management for Phenol

Question

Project Assignment Question: By taking one company as an example

(preferable the company you work in), develop a five year strategyfor the

namely Strategy Formulation, Strategy Implementation and Strategy

company you selected.While developing the five year strategy plan for your

selected plan, the strategy plan need to have the three phases of strategic plan

Evaluation.

Answer 1

Five-year strategic plan for the total company

Strategy Formulation

1. Formulation of company goals and objectives

2. assessment of the internal and external environment

3. analyze potential opportunities in the market

4. Development of a 5-year plan for market expansion in foreign markets

Strategy Implementation

1. formulating financial requirements for the project

2. Availing the resources

3. Implementation of the plan

Evaluation.

1. Conduct company performance every year

2. Asses market performance based on the plan parameters

3 Use key performance indicators to evaluate outcomes.