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BUS 475 Week 5 Financial Strategic Plan 2015 version

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Sample content

Running Head: Final Strategic Plan

Final Strategic Plan

University of Phoenix

BUS/475

Introduction:

The document analyzes the strategic plan of Ace Gym and how it lets the Gym to realize its long run objectives and goals. Strategic planning has a great deal of importance for the advancement and progress of both the large and small companies. The document is a comprehensive analysis of strategic plan of Ace Gym that would describe the performance of techniques and strategies who would assist the business to accomplish its overall business targets and goals both monetarily and operationally. Furthermore, the document will also describe three ways to check and manage your suggested strategic plan, and suggest measures required. The document would demonstrate three ways to assess and analyze the expected strategic plan. The document in last would discuss suggestions regarding moral and legal problems of Ace Gym.

Ace Gym:

The company plan of Ace Gym is discuss

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BUS 475 Week 5 Financial Strategic Plan 2015 version

  1. 1. BUS 475 Week 5 Financial Strategic Plan Link : http://uopexam.com/product/bus-475-week-5-financial-strategic-plan/ Sample content Running Head: Final Strategic Plan Final Strategic Plan University of Phoenix
  2. 2. BUS/475 Introduction: The document analyzes the strategic plan of Ace Gym and how it lets the Gym to realize its long run objectives and goals. Strategic planning has a great deal of importance for the advancement and progress of both the large and small companies. The document is a comprehensive analysis of strategic plan of Ace Gym that would describe the performance of techniques and strategies who would assist the business to accomplish its overall business targets and goals both monetarily and operationally. Furthermore, the document will also describe three ways to check and manage your suggested strategic plan, and suggest measures required. The document would demonstrate three ways to assess and analyze the expected strategic plan. The document in last would discuss suggestions regarding moral and legal problems of Ace Gym. Ace Gym: The company plan of Ace Gym is discussed in more detail as below: Vision: To help clients by offering them with quick, free of charge and personalized facilities. Mission: The mission declaration of Ace Gym would establish the organization’s goals, its product or service and target audience. To develop such method which can help clients to self check and cope with the medical problems. The online services like Gym would help the clients with competitively priced online guidance, via a panel of professional instructors. The company would carry on revising its mission declaration to adjust according to changing client requirements and being prepared to upbeat competitive techniques. Values: The value structure of Ace Gym is established on the overly busy life of nowadays where people seldom have time to relax or pursue a correct health regime and healthy diet, and need professional help to handle their medical issues and
  3. 3. questions. Ace Gym provides for the solutions of these by developing an online gym which is less expensive, interactive and gives easy accessibility to specialist instructors and guidance. The administration of the Gym thinks to offer efficient suitable services at an affordable expense of $1/day so as maximum people can afford to benefit from it. Objectives: Some of the main goals of the Ace Gym are described under a) Gym Ace plans to promote its revolutionary concept of online gym through promoting on websites like yahoo and Hotmail. b) Making use of famous social networking websites as Facebook, Flicker, and YouTube for advertising purposes. c) Utilizing marketing tactics like acquiring health websites for promotion and getting the expertise of specialized instructors to boost their market share. d) Using the Search Engine Optimization methods. SWOTT ANALYSIS Factors Strength Weakness Opportunity Threat Trend External Factors Financial
  4. 4. In the beginning small investment is needed for launch and small part of resources required to operate daily activities and processes. Because of recession all around, unpredictable expansion pattern in internet sector. Excellent chances of developing a highly respected brand and goodwill that would in turn lead to financial development of the company and providing quality services to its clients. Existing recession all over the world. Upward thrust in the internet market. Legal Allowable principles and policies would assist promoting the strategic targets of the organization. Because of Indulgent and relaxed variables clients aren’t sure concerning sharing private information on the sites. Consciousness of clients regarding the bylaws concerning net would help in developing their trust and boosting overall turnovers for the organization. Shortage of officially established worldwide rules and imperatives concerning online deceits and rackets. Rigid internet rules Internet would be established in the upcoming periods. Technical Accurate and constant growth of business would technically authorize clients. Inaccuracy and slip ups are associated with Technology. Accurate growth of both hardware and software, IT technology open up many opportunities. Higher levels of rivalry from companies both that are newbie’s or reliable.
  5. 5. Customers need more personalized services. Modernism Mixing health knowledge with sophisticated technology. Lacking progress of technology than required would lead to reduction of market share. Technologies which are upgraded, competitively priced and easy to use have more importance for the clients. Technical upgrades get reduced life time which brings about reduction of market share. Technology utilization is increasing progressively. Internal Factors Policy Excellent planning and policy making is essential to flourishing company. Big sources and assets are needed. Excellent policy assists to make alterations and required modifications to accomplish competitive edge. If planning doesn’t take into consideration factors like human development, funding, IT etc then company is certain to fail or prone to fail. Good and effective policy results in greater market share and developing a competitive edge. Hierarchy A smartly designed and nicely created structure is helpful in number of ways for example in decision making, determining job description and duties and assuming that they are obvious and boost output.
  6. 6. A badly created structure can cause problems in progress and advancement. Lets a company to monitor its actions and processes. Carelessness in analysis of operations would result like a failure for the company. Structure having matrix organizational structure of IT associated organizations would experience an increase. Operations Less expensive and efficient operations assist company to operate successfully. Big investments and continuous trainings are needed. Is actually helpful for betterment of operations and activities. Employee resistance is impending. Particular and specific processes have opportunity for escalation. Expertise Specialized receptive and Quick services also at reasonable prices. Competitive advantage would be lost if market has extreme rivalry. Expertise is needed to be developed and renovated regulary. If your competitive advantage is balanced by that of the competitor. Organizations having idiosyncratic and competitive advantage have chances to stand out. The strateg http://uopexam.com/product/bus-475-week-5-financial-strategic-plan/

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