Strategic Plan, Part I: Conceptualizing a Business

Strategic Plan, Part I Conceptualizing a Business BUS/475 Strategic Plan, Part I Conceptualizing a Business A successful strategic plan must be establish on the companys cathexis, ken, and sets. The purpose of this paper is to define a selected backup, products, work, and customers by creating a mission statement. In addition, this paper contains a vision for the organization that demonstrate the pass judgment future for the business, and it allow define the company values considering important topics such as culture, affectionate responsibility, and ethics.It forget besides analyze how the vision, mission, and values guide the companys strategic direction. Finally, it provide evaluate how the company address customers needs and how competitive advantage leave be achieved. The name of the company is Bella Boutique. Bella Boutique is a trendy manner and accessory boutique. Bella, which means beautiful in Spanish, defines the concept of the boutique. Bella Boutique will carry a wide variety of coeval clothing, accessories, shoes, and make up.Bella Boutique also offers free personal style advice, which includes and detail style assessment based on torso type, skin color, style, and personality of the customer. The target customers of Bella Boutique atomic number 18 juvenility adult women, including college, professional, modern girls. These girls enjoy buy atping in a fun environment that offers trendy and affordable fashions with a superior personalized service. Bella Boutique will stand out from the competition by having a good location in a high-shopping ara, offering quality products, and excellent customer service.Products and services will be offered in- interposes and online. Mission Statement To result modern young women with a boutique that offers a fun and comfortable shopping environment To offer a wide variety of trendy fashion and accessories to make sure customer always scratch something they love To champion women learn wh at styles and colors go scoop out with their unique body types and personalities Vision Statement To be the boutique of choice for young, modern women To assailable many stores throughout the country and drive up gross revenue by promoting our products effectively Guiding Principles or Values Customers are our priority. Always make an limited effort to make sure customers are satisfied with our products and services Educate customers about new trends and how to style their purchases properly. Make sure customers needs are met We abet and promote cultural and ethnical diversity in our stores. Employees from dissimilar cultural and ethnical backgrounds bring to our company a true considerion of our society Our employees are our greatest as mint.We encourage employees to share their creative and innovative ideas to remedy our company Our company provides a fun working atmosphere and promotes personal growth and development. We endeavor to offer our employees a healthy wor k-life balance Respect and honestness must always be present when dealing with our customers, vendors, and employees. We do not engage in acts that dope be detrimental to the reputation of our company We dole out our business with social responsibility.Our products are purchased from socially and environmentally responsible vendors. We also contribute to modify society by volunteering and helping in social causes Employees will adhere to the highest ethical standards at all times The mission, vision, and values statement for my company provide the structure, framework, and goals in which all the actions will be based on. The mission and values provide the framework to guide every action in the strategic plan. The vision is our objective, what we want to accomplish for our company in the future.The mission, vision, and values set the estimable direction for the company actions. Employees must know that their actions affect the overall mission, vision, and values of the organi zation. These statements are the guiding principles for the company strategic plan, for that reason employees actions should always reflect the mission, vision, and values statements of the company to ensure its success. The trends in fashion are always changing, Bella Boutique will have got to be alert of the new trends to keep customers satisfied.Another preference to make sure the company is addressing customers needs is to have customer satisfaction surveys, allowing the customers to express what they homogeneous about our store and what they would change. Bella Boutique will have megabucks of local competition from many other boutiques. The most direct competitors will be those with the resembling concept, located in the same area, carrying some of the same brands we sell, and advertisement to our target market.Besides the trendy and affordable clothing and accessories, Bella Boutique will create a portentous competitive advantage by providing a place to shop with a fun, comfortable, and welcoming atmosphere. In addition, Bella Boutique offers a superior customer service, and we strive for speed of light% customer satisfaction. Another unique feature of Bella Boutique that creates competitive advantage is the free personalized styling service, in which a professional stylist helps the customers find the right pieces of clothing for their body type and personality.Bella Boutique locations will be designed with comfort and convenience in mind, the store will be decorated with contemporary furniture and painted with inviting colors. The store will have full-size private dressing rooms with plenty of hooks to hang the clothing pieces and an assigned employee to help oneself customers. Also for more convenience the store will have small and elegant shopping carts to make the shopping experience more enjoyable. In addition, the store will have a dedicated kids room where the customers children can play while their parents shop.The kids room will also have a nursery constituent to allow customer to feed and change small babies. In conclusion, this paper defined the concept of Bella Boutique along with its products, services, and customers. The mission statement was developed to formulate the concept of the business. The vision statements are clearly defined to bespeak where the company is heading and the values reflect how the company will conduct business. The mission, vision, and value statements help align the different elements of the strategic plan with the company goals.By creating and implementing the mission, vision, and value statements Bella Boutique, defines the current situation of the company and have a clear understanding of where the company is heading. References Thompson younger , A. A. , Gamble, J. E. , Strickland III, A. (2006). Strategy Winning in the Marketplace. McGraw-Hill. www. bplans. com. (n. d. ). Retrieved 11 19, 2012, from http//www. bplans. com/womens_clothing_boutique_business_plan/company_summa ry_fc. php. www. brainmass. com. (n. d. ). Retrieved 11 19, 2012, from http//brainmass. com/business/marketing/286812.Strategic Plan, Part I Conceptualizing a BusinessStrategic Plan, Part I Conceptualizing a Business BUS/475 Strategic Plan, Part I Conceptualizing a Business A successful strategic plan must be based on the companys mission, vision, and values. The purpose of this paper is to define a selected business, products, services, and customers by creating a mission statement. In addition, this paper contains a vision for the organization that demonstrate the expected future for the business, and it will define the company values considering important topics such as culture, social responsibility, and ethics.It will also analyze how the vision, mission, and values guide the companys strategic direction. Finally, it will evaluate how the company address customers needs and how competitive advantage will be achieved. The name of the company is Bella Boutique. Bella Boutique is a trendy fashion and accessory boutique. Bella, which means beautiful in Spanish, defines the concept of the boutique. Bella Boutique will carry a wide variety of contemporary clothing, accessories, shoes, and make up.Bella Boutique also offers free personal style advice, which includes and detail style assessment based on body type, skin color, style, and personality of the customer. The target customers of Bella Boutique are young adult women, including college, professional, modern girls. These girls enjoy shopping in a fun environment that offers trendy and affordable fashions with a superior personalized service. Bella Boutique will stand out from the competition by having a good location in a high-shopping area, offering quality products, and excellent customer service.Products and services will be offered in-stores and online. Mission Statement To provide modern young women with a boutique that offers a fun and comfortable shopping environment To offer a wide variety of tre ndy fashion and accessories to make sure customer always find something they love To help women learn what styles and colors go best with their unique body types and personalities Vision Statement To be the boutique of choice for young, modern women To open many stores throughout the country and drive up sales by promoting our products effectively Guiding Principles or Values Customers are our priority. Always make an extra effort to make sure customers are satisfied with our products and services Educate customers about new trends and how to style their purchases properly. Make sure customers needs are met We encourage and promote cultural and ethnical diversity in our stores. Employees from different cultural and ethnical backgrounds bring to our company a true reflection of our society Our employees are our greatest asset.We encourage employees to share their creative and innovative ideas to improve our company Our company provides a fun working atmosphere and promotes per sonal growth and development. We strive to offer our employees a healthy work-life balance Respect and honesty must always be present when dealing with our customers, vendors, and employees. We do not engage in acts that can be detrimental to the reputation of our company We conduct our business with social responsibility.Our products are purchased from socially and environmentally responsible vendors. We also contribute to improve society by volunteering and helping in social causes Employees will adhere to the highest ethical standards at all times The mission, vision, and values statement for my company provide the structure, framework, and goals in which all the actions will be based on. The mission and values provide the framework to guide every action in the strategic plan. The vision is our objective, what we want to accomplish for our company in the future.The mission, vision, and values set the right direction for the company actions. Employees must know that their actio ns affect the overall mission, vision, and values of the organization. These statements are the guiding principles for the company strategic plan, for that reason employees actions should always reflect the mission, vision, and values statements of the company to ensure its success. The trends in fashion are always changing, Bella Boutique will have to be alert of the new trends to keep customers satisfied.Another resource to make sure the company is addressing customers needs is to have customer satisfaction surveys, allowing the customers to express what they like about our store and what they would change. Bella Boutique will have plenty of local competition from many other boutiques. The most direct competitors will be those with the same concept, located in the same area, carrying some of the same brands we sell, and advertising to our target market.Besides the trendy and affordable clothing and accessories, Bella Boutique will create a significant competitive advantage by prov iding a place to shop with a fun, comfortable, and welcoming atmosphere. In addition, Bella Boutique offers a superior customer service, and we strive for 100% customer satisfaction. Another unique feature of Bella Boutique that creates competitive advantage is the free personalized styling service, in which a professional stylist helps the customers find the right pieces of clothing for their body type and personality.Bella Boutique locations will be designed with comfort and convenience in mind, the store will be decorated with contemporary furniture and painted with inviting colors. The store will have big private dressing rooms with plenty of hooks to hang the clothing pieces and an assigned employee to assist customers. Also for more convenience the store will have small and elegant shopping carts to make the shopping experience more enjoyable. In addition, the store will have a dedicated kids room where the customers children can play while their parents shop.The kids room wil l also have a nursery portion to allow customer to feed and change small babies. In conclusion, this paper defined the concept of Bella Boutique along with its products, services, and customers. The mission statement was developed to explain the concept of the business. The vision statements are clearly defined to show where the company is heading and the values reflect how the company will conduct business. The mission, vision, and value statements help align the different elements of the strategic plan with the company goals.By creating and implementing the mission, vision, and value statements Bella Boutique, defines the current situation of the company and have a clear understanding of where the company is heading. References Thompson Jr. , A. A. , Gamble, J. E. , Strickland III, A. (2006). Strategy Winning in the Marketplace. McGraw-Hill. www. bplans. com. (n. d. ). Retrieved 11 19, 2012, from http//www. bplans. com/womens_clothing_boutique_business_plan/company_summary_fc. ph p. www. brainmass. com. (n. d. ). Retrieved 11 19, 2012, from http//brainmass. com/business/marketing/286812.