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About this document
- Pages
- 29 pages
- Price
- $29 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business Management, Business Strategy
- Module
- Unit 12
This document covers the development of a strategic plan for Simplecall, a UK-based telecommunication company. It includes an analysis of the company’s current strategy, external environment, and competitive position. It is for Unit 12.
What's inside
- Company profile: mission, vision, organizational structure
- Analysis of the external environment
- Review of the existing business plan
- Development of strategy options
- Implementation of the chosen strategy
- Conclusion and references
Who it is for: Students studying strategic planning at Icon College of Technology and Management. (Undergraduate)
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Summary
Strategic planning is a process that helps a business to set goals and plan how to achieve them. A student learns how to apply this process to a specific company, Simplecall, and how to develop a strategy for it.
Company Profile
The company's mission, vision and structure are described. Products and market position are also covered.
External Environment Analysis
The external factors that affect a business are discussed. The PESTEL framework is used to analyse these factors.
Competitive Strategy
The competitive environment is explored. Strategic options are developed and the right strategy is selected.
Strategic Plan
A strategic plan is designed for the next four years. The plan focuses on market penetration and development.
Key terms
- PESTEL
- A tool to analyse external factors that impact a business.
- Boston Consulting Group matrix
- A tool to classify products based on growth rate and market share.
- Ansoff Matrix
- A tool to help understand possible product and market growth strategies.
- Competitive advantage
- The benefit that one company has over others in the same industry.
- Market penetration
- A strategy to increase market share for an existing product.
- VOIP
- Voice over Internet Protocol, a technology for making phone calls over the internet.
Questions this document helps with
- How does Simplecall's mission and vision guide its strategy?
- What are the main external factors affecting Simplecall?
- How can Simplecall gain a competitive advantage?
Summary written with AI from the document's text.
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