strategic management plan

You have held conversations with Precision Part’s leaders and obtain” rel=”nofollow”>ined the followin” rel=”nofollow”>ing in” rel=”nofollow”>information, which you want to use in” rel=”nofollow”>in the development of a 4-year strategic management plan. PPQ Parts employees now number 5,000, and all are currently employed in” rel=”nofollow”>in the United States. It plans to grow to 10,000 employees in” rel=”nofollow”>in 4 years. New facilities will be needed in” rel=”nofollow”>in in” rel=”nofollow”>international expansion, and PPQ Parts anticipates buildin” rel=”nofollow”>ing 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” rel=”nofollow”>in 4 years. Current stock price is $10 per share. The goal is $22 a share. Profit margin” rel=”nofollow”>in 3-year average is 6%. Industry average durin” rel=”nofollow”>ing this time has also been 6%. The company goal is 13% in” rel=”nofollow”>in 4 years. PPQ Parts has averaged 28% employee turnover durin” rel=”nofollow”>ing the last 3 years. This is compared to an in” rel=”nofollow”>industry average of 25%. The goal of the company is to in” rel=”nofollow”>increase employee retention by lowerin” rel=”nofollow”>ing annual turnover to 17%. PPQ Parts contributes to all the local communities in” rel=”nofollow”>in which it is doin” rel=”nofollow”>ing busin” rel=”nofollow”>iness. 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” rel=”nofollow”>in 4 years.
. Create a basic strategic management plan for PPQ Parts in” rel=”nofollow”>includin” rel=”nofollow”>ing quantifiable goals and measures. Provide environmental scannin” rel=”nofollow”>ing of current conditions in” rel=”nofollow”>in the area of expansion in” rel=”nofollow”>includin” rel=”nofollow”>ing economy, competition, political stability. Address in” rel=”nofollow”>internal resource analysis such as managerial and fin” rel=”nofollow”>inancial strengths and weaknesses.. Explain” rel=”nofollow”>in the benefits and limitations for expansion in” rel=”nofollow”>in your chosen area.

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