Diploma in HRA

Question: Describe about the strategic business plan. Answer: Introduction Canterbury renovation is an internationally acclaimed company, placed in Ottawa, Australia. Its an employee owned company. The plan behind this company is contracting and renovating. This company is there for you every time if you need to makeover your rooms, kitchen, bathrooms, balcony etc. it helps you to provide the best quality of color, wood, cement and all the equipments , needed for the renovations. A home is everyone s dream place. Everyone wants to build their home as per their capacity as financial conditions. A home is a place for peace, relief and love. Everyone builds their home with love and a passion. But when a home gets renovate from a boring shell to a new shell then the people of that home also feel happy to stay and to enjoy. From an outdated kitchen to a damping room Canterbury Renovation helps to every customer who want to have their house as a dream house after the renovation along with plumbing, electrical work, roofing, repairing and other important electrical work for the home improvements and renovation. Its a proud and one-step solution to all the home lovers Strategic Plan:- Astrategic business planis a step-by-step guide abusiness whichputs in writing to achieve itsbusinessgoals and objectives. The five primary elements of theplanare thecompanyvision, mission statement, critical success factors,strategiesand actions for objectives(CANTERBURY CONFERENCE, 2008). A strategic business plan allows any company about the clarification of the vision, the mission, analysis like SWOT and PESTEL helps to build the company more successful in the market of business. A strategic plan is not a business plan. Every company has its own strategy how to run the business on it. A strategic plan should be good in visionary, missionary, analytically good for which the company gets success. In this case this company is a company of constructing and renovating so the strategic plan should be more attractive because all customers will want their house as much more attractive to others. Vision and Mission:- For a renovation company its must that the strategic plan of that company should be that much attractive which will attract all the customers to choose it. A vision and a Mission of a company help to select the goals the values which help the company to increase its wings to all the extensions. As a part of the organization we need to see the business values and the customers values first. Then to establish this company as the best renovation company in Australia (BICKERSTETH, 1922). A Mission is a statement for a business. This is a renovating business. This business helps to renovate a house or a portion of a house like office, house, kitchen, bathroom, swimming pool, balcony etc. Our mission is to enhance the customers dreams by providing the best quality of equipments, the products, the ideas, and the innovation. Our customer support strategy is based upon total, no-compromise customer satisfaction. Values:- The next element is to address theValuesgoverning the operation of the business and its conduct or relationships with society at large, customers, suppliers, employees, local community and other stakeholders.The products, the behavior of the employees should be good enough to control its hold in the competitive market. Objectives:- Canterbury Renovation is a forum of makeover the home and the offices. The objective plan emphasizes on three areas: Respecting the resources of this company Sustainable lifestyles of the customers Getting ready for the future. Strategic plans:- TheStrategiesare the rules and guidelines by which the mission, objectives etc. may be achieved. The strategy should be:- The company's internal cash flow will fund all future growth.. All assembly work will be contracted out to lower the company's break-even point. Behavior of the customers. Product value Friendly atmosphere The business strategy should be unique. Carbon Reduction Strategy:- On reducing carbon the focus of the roadmap will be on the following three strategies: Avoid Through improved building designing, dynamic infrastructure, and starting education and observable initiatives (God lee, 2009). Reduce Implementing low carbon on and both of the site and using energy sources which are renewable. Design Planning Strategy:- Innovation- The innovation should be innovative and creative. Outdated design plans should be try with an innovation and in a creative way. Transportation Strategy:- The transportation strategy Canterbury Renovation transportation strategy aims to total reduction of trips related to work to the site by car to approximately 4% by the end of 2018 to support hand in hand to achieve the net-carbon zero emissions initiative in association with travel to and from work. Nearly 25,000 workers, 1,300 residents, and 30,000 daily visitors will be inspired for using the green travel options through direct links to already existing bus networks and trains, along with the ferry as proposed and bus routes that are new, cycle ways, and bike facilities(Nelson and Tumlin, 2000). The persuasion of these goals and other government agencies to achieve some of the following: Pedestrians To support major pedestrian access a devoted tunnel link and routes on surface will be done Rail With already existing rail services at Ottawa and the proposed Western Express City Relief Line. Integration will be done. Rail and Buses New services to Canterbury renovations along with supporting infrastructure. Cycling Encouraging cycling in and to the site will be done by laying new bike paths and centralized facilities Ferries Into the geological formation of the development new ferry terminals will be integrated. SWOTAnalysis:- SWOT Analysis is a valuable process to know about the Strengths and Weaknesses of an organization, and for recognizing both the Opportunities the company has and the Threats it might counter (Composites industry gets SWOT analysis, 2001). Strengths 1. Experience of more than15 years. 2. Internationally strong tie ups 3. Geographically benefit able for all the employees, suppliers and customers. 4. Financial communicational strong 5.Innovation and the creative plans, designs for every customers need Product quality is one of the valuable quality. We dont want our customers compromise with the quality. Weaknesses 1. Strong verbal communications. 2. Investments are needed for every companys growth. so need to keep a good relation with the investors. Opportunities 1. As a developing company it has a high growth. . 2. The idea of growing green building construction has a high opportunity factor for the company. Threats 1. The down falling market in Australia is an earliest attentive matter for the company as a larger share of the group's business area is settled in that area 2. With the rise in the prices of houses faster than the income of people do poses the greatest risk to the countrys biggest-ever housing boom and the organizations business aspects. PESTLE Analysis:- PESTLE analysis, which is also referred asPEST analysis,is a marketing principles idea. Political 1. The changes in the legislation and other political factors would provide the company with many challenges regarding the way the business can be run. 2. However, there are certain measures that are taken by the government in order to strengthen the business environment within the country. Economic 1. The economy of Australia has seen a trend of constant growth. This has mainly been facilitated by the existence of a large number of natural resources and other factors like the development of infrastructure(O'Reilly, 1986). 2. The exchange rate of the countrys currency has also been relatively stable. Social The increasing witness that social influences such as state of being poor, joblessness, uneducated, poor infrastructure and social geographic remoteness impact on health ranks. The poor people can get a platform to earn some money. The eligible one can get a job with his/her talent. A platform to all the artists designers and the creative ones. Technological This company needs a various type of technological equipments to continue the process. It need the software for making plans, designs etc(O'Reilly, 1986). Strategic Objectives and Future Strategy The strategic objectives should be to making the strong and attractive designs for what the customers get attracted by the design. The planning of the design, the execution of the design should be understandable. The representative should be good enough to communicate and to understandable the customers view. Another objective should be to extend the offices to more places. Provide all type mediums. Investors should be quantative. Third objective should be to extend the business and make the company as the one and only Renovation Company in Australia. The future strategies are following:- To make this company as the No1 Renovation Company. Innovation in Designs. Creative Plans. Experimenter ideas in Renovation. Should make a strong USP that defines the company from other competitor in this field. Priority The priority of the strategic plan is needed for the business growth. Behavior with customers, product value, and friendly atmosphere is generally necessary to all the construction business. If any employee misbehaves, the value of product is not up to the mark or there is no friendly atmosphere is there then customers can be dis-satisfied which is not good for business. Timeframe The strategies should be in a timeframe of 2 years. Its better to make a strategy for a short time because that can be judge within that if it gives profit or loss. If its not run in a good manner then its need to be changed and has to make a new strategy. Responsible party The main responsible parties are the employees, the manufacturer, the supplier and the investors. Employees are the main because they are the one who communicates with the customers, give the creative ideas, and suggest the plans. Manufacturers are the one who manufacture the product. So the product quality has to be good. Supplier is the one of the responsible party in this business. If they dont supply the products within the time then the customers can get angry. And the investors should invest more money for the business grows. Measurable Performance Measurable performance indicators are the people who work for the design to give its best in it. Due Diligence Due diligenceis an investigation of a business or person prior to signing a contract, or an act with a certainstandard of care. It can be a legal obligation. The relevant areas of concern may include the financial, legal, labor, tax, IT, environment and market/commercial situation of the company. Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits and labor matters, immigration, and international transactions. References BICKERSTETH, S. (1922). THE MISSIONARY MESSAGE OF CANTERBURY.International Review of Mission, 11(4), pp.515-525. CANTERBURY CONFERENCE. (2008).Ibis, 110(3), pp.409-415. Composites industry gets SWOT analysis. (2001).Materials Today, 4(3), p.21. Godlee, F. (2009). What's your carbon reduction strategy?.BMJ, 338(mar26 1), pp.b1272-b1272. Nelson, B. and Tumlin, J. (2000). Yosemite Regional Transportation Strategy: Creating a Public-Private Partnership.Transportation Research Record: Journal of the Transportation Research Board, 1735, pp.70-78. O'Reilly, J. (1986). The length of a pestle: A class exercise in measurement and statistical analysis.J. Chem. Educ., 63(10), p.894. Pacios, A. (2004). Strategic plans and longà ¢Ã¢â€š ¬Ã‚ range plans: is there a difference?.Library Management, 25(6/7), pp.259-269. SWOT analysis. (2008). [Washington, D.C.]: U.S. Dept. of Agriculture, Risk Management Agency.