Consider the following scenario:
You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan.
-PPQ Parts employees mow number 5,000 and all are currently employed in teh United States. It plans to grow to 10,000 employees in 4 years.
-New facilities will be needed in International expansion, and PPQ Parts anticipates building most of those (80%) outside the United States. P-PQ Parts holds 5% of the world market share on small SUVs, but its goal is 9% in 4 years.
-Current stock price is $10 per share. The goal is $22 a share. Profit margin 3-year average is 6%. Industry average during this time has also been 6%. The company goal is 13% in 4 years.
- PPQ Parts has averaged 28% employee turnover during the last 3 years. This is compared to an industry aaverage of 25%. The company's goal is to increase employee retention by lowering annual turnover to 17%.
- PPQ Parts contributes to all the local communities in which it is doing business. 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 4 years.
A strategic management plan is vital for the company business today. Review the company scenario for additional information regarding growth goals. Create a basic strategic management plan for PPQ Parts including quantifiable goals and measures. Include the following in your report:
-Provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability, and so forth.
-Address interrnal resource analysis such as managerial and financial strengths and weaknesses.
-Please include short-term and long-term strategic goals
-Location consideration for implementation is vital. Please explain the benefits and limitations for expasion in your chosen area.
Which of the following statement is true? (A) The trial balance is the same as the balance sheet. (B) A trial balance can only be taken at the end of an accounting cycl...May 16 2018
A purely competitive wheat farmer can sell any wheat he grows for $30 per bushel. His five acres of land show diminishing returns because some are better suited for wheat...May 01 2020
Observed Capital Structures In all countries, it appears that some firms have a target debt ratio while others do not have one. What does this say about the validity of t...May 31 2020
he government has traditionally dealt with externalities by directive rather than by price.22. Public choice economics is the study of how elected officials ...Dec 12 2019
Financial data for Joel de Paris, Inc., for last year follow:Joel de Paris, Inc. Balance SheetBeginning BalanceEnding BalanceAssetsCash140,000120,000Accounts receivabl...Sep 08 2020
By analogy with equations 3.70 and 3.71 show that for a paramagnetic systemJun 09 2020
b. What is the cost of external common equity for the firm?c. What is the cost of internal common equity?d. What is the cost of preferred stock?e. What is the after-tax c...May 29 2020
It is necessary to evaluate the profitability of proposed improvements to a process prior to obtaining approval to important changes. For one such process, the capital in...Dec 04 2019
Which of the following is an example of using performance management to fulfill an administrative purpose? A.Define the results, behaviors, and, to some extent, emplo...Jan 10 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.