This website uses cookies to ensure you have the best experience. Learn more

A Five Year Strategic Plan For Mensa Inc.

1347 words - 6 pages

A 5 year strategic plan for Mensa Inc. should be dynamic and focus on ensuring that the present situation where in multiple sectors and businesses are involved. Re investing and formulating a stronger BCG matrix with divesture from loss making units becomes extremely essential. The BCG matrix is a matrix that is used for the purpose of strategy formulation of a firm, but it is a four cell matrix.
It is used to measure the position of a firm in relation to its relative market share as well as its market growth. Based on this the situation where in all of the given four divisions of the firm are at different levels of performance can be evaluated in order to formulate a 5 year strategy plan. This can help in the creation of a portfolio where in returns are optimized by re investing in growth oriented sectors and divesting out of the sectors that are saturated and loss making for the firm.
Major issues facing the company and Analysis
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
The BCG matrix is also a matrix that is used for the purpose of strategy formulation of a firm, but it is a four cell matrix. It is used to measure the position of a firm in relation to its relative market share as well as its market growth. In case of these two being high a firm is classified as a star. In case of these being low they are classified as dogs. In case of only a high market growth it is rated as a cash cow and in case of only a high market share it is rated as a question mark. Based on this the issues and performance of each of the divisions has been evaluated and appropriate strategies have been suggested (Debbie Thorne McAlister, Linda Ferrell, 2002).
The first division is the financial services. Lack of appropriate competencies has resulted in not being able to become a market leader. Yet the resources as well as the management is pretty strong and can possible help this sector grow, so it is essential that this sector be nourished and be made a cash cow. In this way this division has growth prospects in the near future as well as from the strategic perspective.
The second division is the energy division. The energy division requires huge investments and though the market growth is good, the market share is not very significant thus making the firm a weak contender in this division. There are several issues like large contenders and competitors as well as lack of appropriate resources. Divesture can be useful in the long term as long term large investments create high levels of risk for the firm.
The third sector is the packaging sector and this has been one of the strongest fortes of the firm. But the major issue is growing competition and decreasing trends which may be harmful in the long run. It is...

Find Another Essay On A Five Year Strategic Plan for Mensa Inc.

Five-Year Career Development Plan Essay

1225 words - 5 pages Five-Year Career Development Plan Rujuta Patel (Student#- 1646206) Fairleigh Dickinson University Vancouver Campus Masters of Administrative Science (MADS) Author Note: This paper was prepared for Personal Administration, MADS 6602 taught by Dr. Sydney Scott. FIVE-YEAR CAREER DEVELOPMENT PLAN Introduction: Career development is a continuous process of handling proactively work and changes in life in order to move forward and reach

Five-Year Career Development Plan Essay

1217 words - 5 pages The term career plan is the broad-based exploration associated with the career or profession expansion or growth and gives a clear explanation concerning the people who administer his or her careers within the corporations along with what aspects corporations use in formulating his or her career improvement among his or her associates. Expanding or enlarging a career or professional preparation is not an easy task for the reason behind

Five Year Career development Plan

807 words - 3 pages our future. I started out in my profession as a production-line operator while I completed my electronic studies at a technical school. Once I obtained my certificate, I applied for a technician position at a DVD manufacturing company. I am a quick learner and am willing to take trainings to augment my experience. I have been able to assume greater responsibilities and add more value to my organization. For the next five years, I believe I will

Starbucks’ Three Year Strategic Plan

2906 words - 12 pages be different ways to promote the products. Radio, television, and printing of flyers for newspapers are the most common means of promotion. Depending on the area our strategy will have to be flexible. Section 9: Team Structure The structure in place does not need to be changed, but this plan will require additional resources to meet the strategic goals. A research team in China, and India is needed. This should consist of persons from the

My Five Year Plan After Graduation

1249 words - 5 pages My Five Year Plan After Graduation Five years after graduation I plan to obtain a master's degree in law enforcement. Right now I'am really not sure what I really want to truly do for the rest of my life. The only thing I like doing is finding clues and figuring out the criminal in mystery books. I know that sense I like doing that, it leads me to desiring a position as a detective or something dealing with the FBI. Im thinking that its

QVC Inc Analysis of the company. Strategic business plan

2028 words - 8 pages formula of strategic actions and resources. The strategy that prevailed was the most logical plan with a moderate level of risk to the company.CASE FACTS:A sharp rise in the demand for electronic retail services has opened the gates for competitors of all sizes to try to grab a piece of the market share. The barriers to entry in the industry were essentially struck down with the rise of e-commerce, leaving anyone with a computer in a position to become

To What Extent Did the Soviet Union’s First Five-Year Plan Change Its Industrial Society?

2077 words - 9 pages his First Five-Year Plan, which was completed in four years (Viola). This was the start of his plan from moving from struggles in the military against capitalism to economic struggles, which were able to lead the Soviet Union to a prosperous time of economic construction (Stalin 243). The Russian food production had drastically diminished during its Civil War. To account for this, Stalin had included in his Five-Year Plan to collectivize all

CREATING A STRATEGIC PROGRAM MANAGEMENT PLAN FOR FRIAR TUCKER INTERNATIONAL

2581 words - 10 pages . References Bradford, R. and Tarcy, B. (2000). Simplified Strategic Planning: The No-Nonsense Guide for Busy People Who Want Results Fast. Worcester, MA: Published by Chandler House Press Fullen, S. (2005). Opening a Restaurant or other Food Business Starter Kit: How to Prepare a Restaurant Business Plan & Feasibility Study: Ocala, FL: Atlantic Publishing Group, Inc. Lewis, J. (2007). Fundamentals of Project Management. New York, NY

Creating a Strategic Program Management Plan for Friar Tucker International

2302 words - 9 pages PAGE PAGE 1 Management Plan Running head: CREATING A STRATEGIC PROGRAM MANAGEMENT PLAN FOR FRIAR TUCKER INTERNATIONALCreating a Strategic Program Management PlanFirst Last (student)March, 01, 2010University NameMMPBL/510First Last (professor)Creating a Strategic Program Management PlanThis paper will explain the selected projects that directly link with Friar Tucker's strategic objectives. "The top priority of management is to ensure that

Strategic Plan for A Chronically Low-Performing School

2545 words - 10 pages and weaknesses in their instructional practices. The evidence binders serve as a tool to keep evidence available for review by principal to assess if teacher is consistently meeting the teacher standards and goals of the school. Review of the binder occurs quarterly during the school year. This strategic framework assists in the prevention of the schools classification of chronically low performing. The key to this strategic plan is to

This is a strategic plan for the Lottery

1986 words - 8 pages Strategic Plan: Tennessee Education Lottery.The Tennessee Education Lottery (TEL) is a provider of affordable entertainment for the residents of Tennessee and its visitors. The purpose of the TEL is to raise funds for scholarships for Tennessee students. The company is less than two years old, and the creation of a strategic plan will aid in achieving continued growth and prosperity. The following pages detail a five-year strategic plan that

Similar Essays

Five Year Strategic Plan For Move

2940 words - 12 pages Strategic Plan for Move PAGE 1 Five Year Strategic Plan for MoveCIS Strategic Management CMGT/578March 20, 2006Strategic Plan for MoveRiordan Manufacturing, Inc. has been able to make way into the global business arena with a strong footing. Riordan has established operating plants in San Jose, CA, Albany, GA, Pontiac, MI, and Hangzhou, China. In addition, the quantity of plastic fan parts manufactured in the Hangzhou plant has increased

Stalin's Five Year Plan Essay

668 words - 3 pages Farm. Stalin created a list of five plans, called the Five Year Plan, to help further industrialize Russia. The main idea of the Five Year Plan was to help further industrialize Russia. In Animal Farm, the windmill that Napoleon forced the animals to build represents the Five Year Plan. Just like Stalin, Napoleon craved power and growth. There is also, several other references to how Napoleon similar to Stalin. For example, Napoleon chased off an

Marketing Sales And A Strategic Hr Plan For Coach Inc´S

1273 words - 6 pages and unified the assignment of the material supply. A strategic HR plan for the next two years Amazing style organizers are well known in excess items industry since a brand's soul is the design of its things. In order to set an extraordinary brand picture and grant new vitality into the endeavor, Coach, Inc. necessities to select more talented fashioners who are amazingly fragile to the demolish of configuration and can arrange

Five Year Career Development Plan Essay

1289 words - 5 pages current vice president leaves the organization before I have the skills necessary to be considered for this position, this could prolong my entire career development plan. If the organization's leadership changes, new leadership might not value the HR function as a valued strategic partner.ConclusionIn conclusion, I have shared my five-year individual career development plan. A plan that will assist me in accomplishing my chosen career goals as well as