Excel Use And The Strategic Corporate Plan

1414 words - 6 pages

Excel Spreadsheet Use and the Strategic Corporate PlanIn years past, every well-run corporation undoubtedly had a written business plan. Oftentimes, these plans were considered by many to be an exercise in frustration, as they were laboriously considered, written, then stored on the company's library shelf until the next business planning cycle. The last few decades have seen a radical change in the way companies do their planning. More often than not, the "old" business plan - though still produced and of value in its own right - is given less attention than the newer Strategic Plan. Unlike the Business Plan, which tends to be a very short document, the StrategicPlan is likely to be much more substantial and detailed. The Business Plan provides the foundation and framework for the Strategic Plan.1 Senior business managers are often so occupied with immediate issues that they can easily lose site of the long-term objectives of the business - objectives upon which the business can thrive if attained or fail completely if not. Because of this, a Strategic Plan today is a virtual necessity. Most managers tend to see the Strategic Plan as a 'living' document; one that, with careful foresight, consideration and development is written at the start of a business planning period, then reworked as circumstances within the company and business climate change throughout the planning period. The writing and preparation of a Strategic Plan is an important effort, demonstrating that careful consideration has been given to the business's development; however, the ultimate goal of the Strategic Plan is its own realization. With the advent of the personal computer and spreadsheet development, the Strategic Planning process today is made easier with the many current spreadsheet programs available to aid in the Plan' A Short History of the Spreadsheet The term "spreadsheet" (nowadays" spreadsheet) has a long history, beginning with the non-computerized version, a reference to which was made in accounting books from the early 1950's to describe a worksheet providing a two-way analysis of accounting data (i.e. an accounting matrix in which the columns and rows constitute either debit and credit sides)in thinking about the history of the spreadsheet, two important men stand out. In the early 1960s, Richard Mattessich of the University of California at Berkeley pioneered computerized spread sheets for business accounting. As the forerunners of today's spreadsheet programs for PC's such as Lotus 1-2-3, Excel, etc., these spreadsheets contained use of matrices, (budget) simulation, and, most important, the calculation to support each matrix cell."4 Although Mattessich's work was mentioned in economic and computer literature as well as accounting literature, computerized spreadsheets only became popular in the 1980's after the introduction.In the late 1970's as computer manufacturers sought to sell their new machines to the public, they had yet to convince anyone that the...

Find Another Essay On Excel Use and The Strategic Corporate Plan

Identify and analyze the strategic plan of your organization and the role of TQM in that organization's strategic plan: Riordan Corporation

1740 words - 7 pages are shaping and nurturing relationships with new customers. They need every member of the team to get out there and connect with new customer segments. Riordan Manufacturing is providing resources such as financial incentives, tradeshow funding, and market research reports to support their effort (University of Phoenix, 2007).Strategic PlanRiordan's corporate strategy plan should consist of the following: how to generate value for our customers

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

Organizational Assessment and Strategic Plan: Collaboration

1896 words - 8 pages centered plan, with the health system education and will follow the needs of the patient being put at the forefront of the strategic plan. Plans should include simple yet complete goals that can compel changes. Committing to changes can make sure that both sides have the same priorities and have checks and balances in order to complete this collaborative effort (Nugent, 2012). Once all plan members have a provider, a no-cost initial health

Strategic Management Plan - Recruitment and Retention

1848 words - 7 pages Strategic Management Plan - Recruitment and Retention University of Phoenix- Online HRM/532 Human Capital Development in the Public Sector July 5, 2010 Strategic Management Plan-Recruitment and Retention The strategic planning for staffing and retaining qualified personal as examined by following a few new action plans designed to attract new potential candidates. In addition to recruiting qualified candidates, the city

Corporate Organizations in Toronto and their Use of Social Media

785 words - 4 pages Students of public relations require an in depth understanding of building and maintaining relationships between various internal and external publics. According to the Canadian Public Relations Society members Flynn, Gregory, and Valin, public relations is “the strategic management of relationships between an organization and its diverse publics through the use of communication, to achieve mutual understanding, realize organizational goals and

Dell Corporate Plan and Situation Analysis or Market Background

3548 words - 14 pages telephone calls each week, but 65,000 corporate customers are linked to Dell through their own Dell Premier Pages on the Internet, and Dell's Internet based sales reached $50 million a day in 2000. Indeed, in 2001, Dell became leader in global market share. (market driven strategy ch 1, http://highered.mcgraw-hill.com/sites/dl/free/0072466650/46701/cra66650_ch01.pdf#search='dell%20external%20influences%20marketing%20strategy')Social and Demographic

Strategic marketing plan - Amazon.com with SWOT and PEST

4167 words - 17 pages Executive summaryBecause of the globalization of the marketplace, marketing is more and more important. It becomes a key which help companies or organizations open different markets in different countries or maintain their products as a leader. Before that, it has to make the marketing plan that is the soul of marketing. Therefore, this report will first indicate the definition of strategic marketing plans. Then it will look at how important the

Quality Management and Productivity: Strategic Plan Development Paper

1120 words - 4 pages The purpose of this paper is to analyze role of Total Quality Management (TQM) in the strategic plan of Riordan Manufacturing. Summarize the Riordan Manufacturing Mission, Vision and the importance of TQM as a strategic level objective. Also, identify the impact and complexity that globalization has on the TQM strategies at Riordan Manufacturing.Riordan Manufacturing views TQM as a collection of processes. We maintain that our organizations must

Strategic Goals and Management Plan for Harrah's Hotel & Casino

1173 words - 5 pages utilize effective money management strategies in order to use our recourses efficiently. Harrah's wants to increase company value through constant earnings. We want to give our customers the proper recognition and appreciation because they are the most important assets to our company.Atmosphere.Harrah's desires to provide a fun and exciting gaming environment with comp incentives, so that our customers will anticipate returning to our casino. By

Corporate bailout and the law

1487 words - 6 pages issue citing that other forms of protectionism in addition to corporate bailouts have a long and distinguished history in the United States. For instance, in 1816, the government initiated the protection of the sugar industry against market forces (Bovard, p.71). Despite the fact that taxpayers stand a chance of losing close to $14 billion in the bailout of GM and Chrysler, supporters of the bailout, mostly the pro-Obama’s government, argue that

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

The Strategic Plan Analysis

1362 words - 5 pages philosophy is not always true. There have been many companies that have been extremely successful in the beginning and stayed successful for many years. However, as the culture of business began to change and the necessity for the management to change, these companies did not and, in the end, failed. This happens because the vision, goals and mission of the organization did not allow these changes to happen. The importance for these aspects of the

Final Strategic Plan And Presentation Essay

3094 words - 12 pages Final Strategic Plan PAGE \* MERGEFORMAT 1 Running head: FINAL STRATEGIC PLAN AND PRESENTATIONFinal Strategic Plan and PresentationBUS/475University of PhoenixStrategic Plan, Part 1: Conceptualizing a BusinessEvery business company eventually goes through changes, whether it is developing a new business or changing the direction of a company, the fundamental goals and values need to be determined before any changes can occur. Determining the

The Boundaries Of Strategic Corporate Social Responsibility

8567 words - 34 pages : businessshould maximize shareholder wealth, obey the law, and beethicalR. Edward Freeman Socially aware view ± ethical CSR: Business should be sensitiveto potential harms of its actions on various stakeholder groupsArchie Carroll Community service view/corporate social performanceperspective ± altruistic CSR: business must use its vast resourcesfor social goodTable I. Spectrum of viewpoints on the role of business in societyProperty rights

Strategic And Operational Plan: Best Buy

2302 words - 9 pages , New York. Hollingworth, M. 2008, "STRATEGIC ASSUMPTIONS: THE ESSENTIAL (AND MISSING) ELEMENT OF YOUR STRATEGIC PLAN", Ivey Business Journal Online, vol. 72, no. 6, pp. 1. Lakonishok, J. & Vermaelen, T. 1990, "Anomalous Price Behavior Around Repurchase Tender Offers", The Journal of Finance, vol. 45, no. 2, pp. 455. Lloyd, M.E. 2009, Corporate News: Best Buy profit falls 22% as discounts cut margins, Hong Kong. London, C. 2002, "Strategic