Able Corporation and Business Plan Preparation https: Able Corporation is a US manufacturing company located in Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart.
You are to provide a mission statement, operating principles, market analysis, company strengths and weaknesses analysis, one-year, five-year and ten-year strategic objectives, sales forecasts, financial and operational objectives, and pro forma financials.
As a preliminary step in the preparation of the business planbrainstorm the major elements of the strategic management process. Using the questions below as a guide, provide several bullet points for each major step in the process. These can include insights, issues that need to be addressed, questions that need to be asked, etc.
Where would you look for the information? What do you already know about Able that can help? What measures would you use? To capitalize the available opportunity, it is customary for the organization to build strategic objectives which are attainable. Business plan requires in-depth market analysis, which assists the organization to analyze the strength and weakness.
Business plan consists of various steps such as mission statement, operational principles, internal factor analysis, market analysis, strategic objectives, sales forecasts financial and operational objectives and pro forma financials. This is the business plan for Able Corporation, which is a US based manufacturing firm situated in Tennessee and deals in lawn mowers, lawn furniture, power tools microwaves and ranges.
The products of Able Corporation are manufactured at local level and sold through different retailers like Wal-Mart, Best Buy and Sears.
The company is also searching to expand its business at international level. This paper will explain a detail business plan for Able Corporation which assist the reader to gain in-sight about the key aspects that have to consider while formulating strategies for business plan.
Apart from this, the business plan will address some key issues such as elements of value propositions, implementation measures, post implementation and feedback mechanism in order to evaluate the effectiveness of strategic management process.
Now, as per the directions, we will talk about the preliminary process of the business plan, which helps us to make a business plan for the Able Corporation. This business plan also includes the mission statement and principle of the origination.
This is a preplanning process before developing any business plan. It consists of different steps which assist the researcher to analyze the key issues in an effective manner. These are as follows: In order to address this issue of strategic management process, I would like to look for the recognition of the customers and employees feelings about the organization.
In order to create the mission statement, I would like to know what the organization wants to achieve in its life and the basic needs of Able Corporation.
Value proposition is based on the grounds which states the ways through which the product satisfy the needs of the customers. In order to develop a strong and effective value proposition, I would like to include the key information in the value proposition which indirectly states the strategic objectives of the company.
Information with regard to circular saws and product quality will be the key elements of value Solution Summary The response addresses the queries posted in words with references.Able Corporation and Business Plan Preparation In six months you are to present a complete business plan for Able Corporation to the Strategic Officers Steering Committee (SOS-C).
Able Corporation is a US manufacturing company located in Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and . The Strategic Plan of Able Limited a subsidiary company of Walden International details goals for the next ten years. The plan also encompasses the strategies to achieve our initiative of breaking and leading in the global market and measures by which we will evaluate our progress.
Jan 05, · What Able Corporation Needs: A Business Plan. Your Name. Your University. Your Class Name/Number. Your Teacher. Date.
A Business Plan “Organizations change and organizations compete for the same resources, competencies, and customers,” according to Drejer (, p.
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• Unsubstantiated assumptions can hurt a business plan; the business owner prepares the projections, the owner must be able to explain them. Business Plan Outline.
Disregard any questions that do not apply to your business. A. Description of the Business. Able Corporation Business Plan 1a) How would you go about defining the identity of Able Corporation and creating its mission statement? The identity of Able Corporation can be defined by having a good understanding of power tool companies and lawn equipment companies the whole power tools and lawn equipment industry.
Prepare a business plan for Able Corporation for presentation to the SOS-C of Walden International. As part of this group project prepare a detailed outline of a business plan, in presentation format.
Please keep in mind that this is an outline, there is not enough time or information provided t.