Managing resources and Operations , management homework help

Anonymous
timer Asked: Jun 26th, 2017
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Question Description

Consider this scenario:

PPQ Parts has determined that for the company to expand globally over the next several years, its managers must be properly trained in multiculturalism and diversity management. PPQ Parts executives must be aware of any political and economic concerns that may arise during the expansion.

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.

Work:

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.


This will have to be in APA format and 4 pages preferably.

Tutor Answer

masterjoe
School: UIUC

Thank you for working with me.

Running: MANAGING REOURCES AND OPERATIONS

Managing Resources and Operations
Name:
Institutional Affiliation:

1

MANAGING RESOURCES AND OPERATIONS

2

Introduction
The Precision Parts Engineering Company began its activities in the United States as
from the year 2002 under the management of two Oxford University students. Its services
were aimed at providing spare parts to local motor vehicle owners in California. After a long
period of good customer relationship and satisfaction, it grew to be one of the most known
automotive spares sellers in the States. Its main vision to go internationally had been one of
the firm's major goals in both its vision and mission. The firm is well known because of
offering quality services, good employee's relationship and customer satisfaction. Apart from
this, the company has a mission to provide quality services, efficiency in services and
products delivery and above all to satisfy all its customers.
Environmental Scanning of the Precision Parts engineering in economical, political
stability and competition
The growth and development of the company on the provision of quality services and
products originates from the industriousness by the workers in the production line. The
products which usually undergoes through a chain of checkups before leaving the factory are
of high quality and a warrant is assured based on the type of equipment and its purpose. Apart
from this checkup the international quality and standards board usually check the product in
order to ensure they attain the required standard...

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Review

Anonymous
Good stuff. Would use again.

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