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Business Plan: ToolsCorp Strategic Objectives

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ToolsCorp Corporation is a fictitious company. located in Tennessee. As member of the senior management team of ToolsCorp. I have being asked to prepare and organized report for the Strategic Officers Steering Committee.

QUESTION:
The one-year, five year and 10 year strategic objectives of the strategic initiatives presented as one strategic proposal for each time frame(3 strategic proposal in all ) complete with implementation plans, potential ramifications and feedback mechanisms

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Solution Summary

An outline of potential strategic plan goals for the one year, five year, and ten year mark of an organization.

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I have outlined some ideas for your assignment. Please use them in the format used by the class or noted in class lectures. If you have any further questions or need clarifications, please ask.

One thing that should be done is to create a vision and a mission statement that helps define the strategic goals. These can then be modified to meet those statements.

Tools Corp 1, 5, 10 year strategic proposals

Year one: Establish a working database of current and potential clients to serve. This should include new expansion possibilities for future expansions beyond the current markets.
Implementation:
Create database with cross referencing capabilities.
Input the current customers into the database.
Research new potential customers within current markets.
Begin to research the potential clients for expansion in new markets.
Each of these will allow the company to analyze the current and future customer needs and can be used by multiple departments for product planning, marketing, ...

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