Assignment Two

User Generated

GurFghqrag2017

Business Finance

Description

ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located in Tennessee. As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorp Corporation. The purpose of this paper is to obtain permission from them to go forward with the next step (developing a full-blown business plan) for ToolsCorp's strategic initiative to break into the global marketplace.

Discuss the following:

An outline of the business plan to be developed for ToolsCorp's strategic initiative

The one-year, five-year, and ten-year strategic objectives of the strategic initiatives presented as one strategic proposal for each time frame (3 strategic proposals in all), complete with implementation plans, potential ramifications, and feedback mechanisms

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Explanation & Answer

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Running head: STRATEGIC PLANNING

1

ToolsCorp's Strategic Initiative
Student Name
Institutional Affiliation
Instructor
Date

STRATEGIC PLANNING

2
ToolsCorp's Strategic Initiative

Being global is described as the worldwide shift approaching trade, financial, economic,
and communications development. The idea of globalization trace back as far as the Roman
Empire (Steiner, 2014). For a new company, operating global is a significant move that could
obstruct existing business exercises. Therefore, it is important for CEOs and managers to realize
its full result and conclude if the remunerations surpass the risks. Stakeholders in an organization
will have to conduct further duties to advance in executing day-to-day ventures in connection
with the global drive. In this case, ToolsCorp is a fictitious sports company with the
entertainment website being ToolsCorp.com.
ToolsCorp.com, Inc. will create its second Internet Sports Entertainment Network
platform offering products like clothing and equipment that concerns sports and entertainment.
Principal operations will take place in one of the Japanese cities where customers can easily
access their ordered goods. ToolsCorp will acknowledge that an essential perspective of selling
commodities online is to give compelling entertainment content that will spur its sales in Japan.
The organization’s distinct content will showcase the exciting and new Entertainment and all the
services, events, products, and adventures affiliated to sports programming. With an interactive
shopping background, the channel w...


Anonymous
Awesome! Perfect study aid.

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