Strategic position strategic choice and strategic

Example of elements of a strategic plan Business plan, for example aimed at: Market penetration: Bringing products on new market; Market development: Growth of new product on existing market; Product development or diversification: new product on new market.

Those responsible for the planning process are engaged in a process of surfacing the really important strategic issues. The plans identify stakeholders, describe their interests and relationships and contain a range of culturally appropriate engagement activities to encourage open communication.

Structure of the strategic choice space There are five main sets of procedures in the approach to strategic planning followed here at simpley-strategic-planning.

Types of strategic positioning

This will affect the way BHP Billiton operate and thus will need to adjust with the condition. The new acquired company will need restructure as the management of BHP Billiton already has the expertise to deal with another mining company and thus excess employee will need to go. All of these put too many barriers for new entrance to join this profitable and attractive industry. Exploratory mining at a site often takes approximately years over which time expenditure is distributed. So let me list the key attributes of a strategic choice to help you spot the choices in the sometime complex and shifting picture faced by those trying to decide the future of an organization. In the mining sector, these include corporate social responsibility, y, z, zz. They are- The strategic intent or objective set to improve the long term performance of the organization The strategic issues distilled from the analysis of key factors relevant to the overall situation of the organization in its environment, and The strategic options generated by the planning team. These selections of intended beneficiaries, nature of benefit, and indicator of delivering benefit to the beneficiaries, each represent a most significant choice. Internal research Where does our organization stand? This strategic action can also help the differentiation approach strategy as BHP Billiton will not depend on others to deliver their commodities and on-time delivery will increase service quality. Recommendations In order to reduce costs of shipping, the company can buy an already established Transportation Company. Scholar Carpenter et al.

Expectations and influence of stakeholders A stakeholder can be defined as someone who has an interest in the well-being of the organisation.

In terms of decision processes within this set of activities there are three key components of the strategic planning process which generate the space in which sound strategic choice may be made.

strategic positioning techniques

This will help determine the strength and weaknesses of your own organization. Based on high quality of differentiated products, well-known brand and excellent mining staff, BHP billion keep the position as one of the largest natural resource companies and a leader of mining industry.

This strategic action can also help the differentiation approach strategy as BHP Billiton will not depend on others to deliver their commodities and on-time delivery will increase service quality. Cost leadership, diversification and mixed strategies are therefore considered as strategic options.

Economies of scale enable highly effective supply chain management systems and provide sufficient liquidity for the longer term returns of exploratory mining.

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Strategic Position, Strategic Choice and Strategic Action