Business Model And Strategic Plan Part I

2506 words - 10 pages

BUSINESS MODEL AND STRATEGIC PLAN 13Business Model and Strategic Plan Part IBUS/475Castle DongSeptember 15TH, 2014Brian GahanBUSINESS MODEL AND STRATEGIC PLAN 1Executive SummaryIn today's economic environment, businesses and corporations must meet the customers' demand by create differentiable value. To achieve this goal, organizations must have clear Mission and Vision statements to lead the way, also a certain synergy between innovation and strategic planning. This paper introduces the " Self served coffee machine" as a new division of Starbucks Coffee Co. and the detailed analysis on the SWOTT. The balance scorecard will list the new division internal and external' objectives, also how is this new innovation help the organization to gain competitive advantages.IntroductionCompetitive advantagesNew mission and vision statementsSWOTT analysisInternalExternalBalance ScorecardFinancial perspectivesCustomer value perspectivesProcess or Internal Operations PerspectiveLearning and growth perspectivesCommunication PlanMonitor and ControlEthical IssuesIntroductionWhy do businesses need innovation is simple, the world is changing at a rapid speed and no one can predict what is coming in the future. Organizations are facing many new types of vulnerabilities everyday. Innovation helps to determinate the strategic management within an organization and prepares organizations for the unforeseeable change and to make the change. Although very organization have different priorities, or balance the unique issues of their own, ignoring the innovation, or implementing the strategic plan inefficiently can bring risks of losing key employees, inefficiency of the operation, and lose competitive advantages to the competitors. This paper will create a new division for Starbucks Coffee Co. Using this division as an example to explain the importance of the innovation in company's vision, mission, and values, and how it related to strategic management.The New Business ModelStarbucks Corporation, doing business as Starbucks Coffee, is an American global coffee company and coffeehouse chain based in Seattle, Washington. Today, with more than 21,000 stores in 65 countries, Starbucks is the premier roaster and retailer of specialty coffee in the world. And with every cup, the company strives to bring both their heritage and an exceptional experience to life. (Starbucks.com) Since the first Starbucks opened in 1971, the company has a goal to share great coffee with friends and help make the world a little better place. (Starbucks.com) To better server Starbucks Coffee's customers, and provide quick and easy coffee for the people who have to fight the morning or anytime traffic, Starbucks coffee co. has purposed a new business model of Self Severed Coffee Machine. This new Machine will be located outside of Starbucks stores, shopping centers, and large office buildings to better server the consumers who does not have time to wait in line and get their favorite cup of...

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