Final Strategic Plan Research Paper Example | Topics and Well Written Essays - 750 words

Final Strategic Plan - Research Paper Example The company should ensure that production of customized soft drinks is according to customers’ remarks and interests (Morris, Honeycutt & Pitt, 2001). For example, an effective tactic is to launch a commentary channel program that allows customers to give comments. Another strategic plan is to establish the business to countries globally, and consider the diverse cultural practices of each race. For a successful business operation, Doll Beverage Company will have to launch an effectual program dealing with social concerns. Lastly, coming up with a policy that controls the behavior and relations of the organizations’ personas to clients ensures that professionalism is maintained during business operations (Morris, Honeycutt & Pitt, 2001). Doll’s beverage Company should use its strength of being new in the market to begin a program that deals with marketing and attracting innovators. The strategy will assist the company to develop and acquire new customers. Example s of other marketing stratagem and tactics that Dolls Beverage Company can implement are establishing; higher returns on invested capital and an attractive economic value added (EVA) performance. Moreover, it ought to establish; lower costs compared to key rivals and competitors in the market, and higher levels of customer satisfaction than competitors (Morris, Honeycutt & Pitt, 2001). ... A further marketing and information technology strategy and the scheme is the use video conferencing. The tactic is used in organizations commonly because of its efficiency and speed to a large group of people. Clients and personalities of an organization can transmit information quickly and easily, hence making business operation valuable (Morris, Honeycutt & Pitt, 2001). Section 2 Firstly, the methods that Doll Company can use to monitor and control proposed strategic plan include escalating its revenue sales in order to improve the overall income. For example, the management of the organization can set a target of increasing their revenues by 15% each year. This step will make Doll Beverage Company improve its increased income by an outstanding 7%; hence maximizing and improving the worth of the shareholder. Consequently, the organization increases its overall financial constancy since it will have many interested shareholders who would assist in completing the organizationâ€℠¢s programs and projects. Secondly, the next step is to improve their market share is a significant factor that monitors and controls proposed strategic plan and advance organizational objectives financially. The fact that the company is new in the business world gives it opportunities of succeeding both in home and foreign countries exceptionally. For example, Dolls Company can set an objective of increasing and improving the market share by a range of 15% annually by initiating new outlets in the five jurisdictions every year, since their accessibility to the more clients will be achieved by implementing the method. Lastly, the method Dolls Beverage Company that can be used to