Hrp - Tutes

Input

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Steps in Strategic Planning

HRP relates to Strategic Planning at,

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• Vision, Mission and Values • Environment Analysis • Internal Analysis • Formulating Strategy • Strategy Implementation • Evaluation and Assessment

Strategy formulation Strategy Implementation

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Step 1 : Vision, Mission and Values

Mission, Vision and Values External Analysis Internal Analysis Strategy Formulation Strategy Implementation Evaluation

SWOT Analysis

– Strategic Vision A statement about where the company is going and what it can become in the future; clarifies the long-term direction of the company and it’s strategic intent – Mission The basic purpose of the org. as well as it’s scope of operations

Step 2 : Environment Analysis

– Core Values The strong and enduring beliefs and principles that the company uses as a foundation for it’s decisions.

Systematic monitoring of the major external forces influencing the organization.

2.1 General Environment

2.2 Competitive Environment

2.1 General Environment

• Economic factors (general, regional, global) • Industry and competitive trends (new processes, services and innovations) • Govt. and legislative issues (laws and administrative rulings) • Social concerns (child care, elder care, environment, educational priorities) • Demographic and labour market trends (age, composition, literacy)

2.2 Competitive Environment

New Entrants

Substitutes

Rival Firms

Customers

Suppliers

2.2.1 Customers

– Speed of delivering normal orders – Willingness to meet extraordinary needs – Merchandise delivered in good condition – Readiness to take back defective goods and re-supply new goods quickly – Availability of installation and repair services and parts

2.2.2 Rival Firms

– Examining the nature of competition – Who is our competitor???

2.2.3 New Entrants

– Entry barriers – Change “rules of the game”

2.2.4 Substitutes

Big opportunities / threats from substitution Firms need...