Part 3 Strategic Plan

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Business Finance

Description

In this section, you will be evaluating various strategies and making recommendations for the organization.

Write a 1,050-word minimum strategic evaluation in which you include the following:

  • Evaluate potential business level strategies for the organization.
  • Assess potential corporate level strategies for the organization.
  • Assess potential global strategies for the organization.
  • Recommend a strategy or combination of strategies the organization should implement, and include a rationale for that recommendation.

Format your paper consistent with APA guidelines.

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Explanation & Answer

Attached please review..let me know if you have any question. thanks

Running Head: STRATEGIC PLAN

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The strategic plan of “Gateway Fast Foods Wholesalers"
Student Name
Professor Name
Course
Date

STRATEGIC PLAN

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Business-level strategies
It incorporates actions by an organization in creating competition advantage regarding
market growth. Typically, business strategies vary with the size of the company where large
companies have or use more strategies than a start-up. Large corporations have more functional
departments compared to the Small medium enterprise (SME). Importantly, as indicated by
Grünig & Kühn (2010), business-level strategies are geared towards improving the company
operations but more so focus on fulfilling customer needs and wants. In this regard, Gateway
Fast Foods will incorporate business-level strategies in its overall operations. The first strategy
will include coordinating departmental activities. Ideally, the company will be departmentalized
into various functions including human resources, finance department, marketing, procurement
& logistics and managerial department. Each section and the department will be managed and
supervised by strategic personnel. The coordination of each department will enhance smooth
operations.
The second business-level strategy by Gateway fast Foods will be human resource
department as a functional department of the organization. Ideally, human resources play a
greater role in steering company progress. At Gateway, the human resource will be responsible in
selecting and recruiting employees and overall management of company workforce. The human
resource department will also ensure social capital of the company is favorable. The HR will also
ensure the company has enough workforce that...


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