1.0 Introduction of Road maps
A plan can be visual represent better by the Road maps. It is common that Roadmaps can built up in different type layers It is common that the product, development of markets and the technologies can be showed in the Roadmap for the 5 to 10 years. There are different types of road map can have been developed for different type of applications for many years. However, all type of roadmap will be covering the same approach in basic at the past. All the information in the company which shows in the roadmap that should be in meaningful way and correct direction that is to allow the business to make a right decision. Reduce the confusion.
1.1 The Keys requirements
The key requirements are followings:
1. It should be understand that how to add the future value to the company customers or client and boss. That is the most critical part and aspect for planning process the future in a company.
2. The market should be review in a global context and find out the best key factors which are most important to the future. The viability for your business should be including in the road map.
3. To examine the existing product goods lines and predict the level of sales and gross sales. The investment and expected life cycle in the company should be examined also.
4. The critically review existing and the potential new technologies can be adopted at the company, it is because that could impact the market and the increasing sell price.
In the industry, the technology strategy and planning is widely used the road mapping method. It is because that the technique has been adapted. And the industrial context is adapted also. For the company and the sector, such as the international conductor or the UK foresight and car ...
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...st should be defined
The focus: the need to road map should be driven by the focal issue
The aims: in the long term and short term, the road mapping should be made the company to set a goals and the object. On the other hand, the organizational goals and over business aims are also typically included, for example: the desire to improve the communication and understand what is the road mapping approach, which can be used to support the coming strategic activities in the company and business.
For the resource: the organization is willing to contribute always, in terms of people, and money, in the different level of resource.
For the process: In the staged set of activities which needed to build the roadmap content. The roadmap should make indentify and agree action in the future.
In the short medium and long term, the process should include a macro level also, the
The STR/581 Strategic Planning and Implementation week five individual assignment is to provide a strategic plan for the Northern Alberta Institute of Technology (NAIT). The paper includes implementation plan, strategic controls, and contingency plans.
Strategic planning is crucial for the success of all business endeavors. Analyzing currents trends in technology, consumer markets, competition, and the workforce can play a pivotal part in whether or not the organization can survive. Overtime, strategic planning strategies must be modified in order to compensate for changes in the industry. Goals and strategic planning often necessitate change to ensure that the organization is performing at peak level, while offering the most beneficial and quality services to consumers.
Executing Process (Schwalbe, 2014): In executing phase the actions are done based on the demand of planning process. The project manager need to concentrate on executing phase along with the planning phase. The quality of the product need to be checked and also need to manage the stakeholders.
Working without any plan can flunk our targets. Supposing that we are running one company, it is unlikely that we can manage our company very well without any explicit plans or strategies, not to mention that our company is likely to be on the brink of bankruptcy. Not only in business, it is unlikely that we can succeed without any plans in other aspects. Therefore, explicit plans play a vital importance in success.
To look into the main events and trends from the marketing environment, which are likely to impact the market over the next few years I am going to do various analysis. I am going to research the macro and microenvironments. A STEP analysis will be conducted to look at the macro environment, which includes social-cultural, technological, economical and political factors. For the microenvironment factors competitors, suppliers, customers and stakeholders will be looked at. A SWOT analysis will then be carried out. Strengths and Weaknesses will look at the internal issues and the Opportunities and Threats will look at the external issues. Then I will be looking at the strategic options available for the business.
...lopment industry as well as the strengths and weaknesses within the company. The Business Strategy should reflect the main issues that determine the long-term
Strategic planning is a critical process for any successful business. It outlines the framework in which the organization operates. Therefore, each area of the process should be carefully considered and developed, with the understanding that some areas are relatively static, whereas other areas change and grow depending upon the environment. By far, the most important part of the strategic planning process is its implementation. If the process is never implemented, its development is just wasted energy.
1.3 OPPORTUNITIES: Identify favorable marketing environmental conditions that can be developed into marketing opportunities in the future
One must look at the economic environment and how it will affect the launch of the product. One must look at:
...epends on a disciplined strategy customized to the needs, size and culture of an organization. First, determine what type of innovation I hope to achieve with my organization. Understanding what my organization needs are very important in developing the new product development process. I must set specific for ideas that should be continued or dropped. I have to develop multiple versions of my road map scaled to suit different types and risk levels of projects.
With its current customer base, the company can create a new product line that will be attractive to existing customers and also
The primary motive for organizations to do strategic planning is to learn and to make decisions about the future of the organization based on that learning.
Though the organizations aim at profit maximization, they are always guided by their mission statement. In the process of deciding on which activities to involve in so as to raise money, the organization has to consider some factors. The processes should not affect the relation between the organization and general public (About.com, 2011).
The first function of management is planning. Planning is a process that managers use to identify and involve goal setting and decide the best way to achieve the goal.(Bartol 2007) Planning connect the gap between where we do, where we intend to go. It predict the possible things to happen which would not otherwise happen (MSG 2012). There are several steps to the planning process, which are determine the goals of the organisation, evaluate the current position, consider possible future conditions, identify possible alternative actions and choose the best. Planning is the criteria thinking through goals and making decision to achieve the goal of the organisation’s objective, which requires a systematic way. Also objectives focus the managers how to achieve the final result as managers have to predict anything will happen, avoid the problem and fight back to competitors. An example of planning, which is the President Canon Inc Tsuneji Uchida and lead Canon Company become the no.1 in the global business (Canon.Inc 2011). Tsuneji Uchida has to understand what is the company objective and goal. First, make decision to protect the position and the aim of canon, improve the operation more diversity. Second, he creates the new design of camera and new technology, he plan to do these things to maximise profit.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...