Strategic Program Management Plan

In: Business and Management

Submitted By Vondaspencer
Words 2541
Pages 11
Running head: STRATEGIC PROGRAM MANAGEMENT PLAN

Strategic Program Management Plan
University of Phoenix
Strategic Program Management Paper This document will discuss a hospitality service chain, Friar Tucker International (FTI) that provides management to a chain of 35 entertainment and cuisine establishments. The 35 entertainment and cuisine establishments consist of 10 sports entertainment establishments, 15 cuisine establishments, 8 family entertainment establishments, and has entered into an agreement with two hotel chains. Friar Tucker International employs an estimate of 1200 staff members and generates revenue in the amount of $300 million. Friar Tucker International has a vision of joining the top ten hospitality providers of service and to serve families through the business of entertainment; basing the service on superior levels of marketing and innovation. The Friar Tucker International mission is to “attract more visitors and customers through food and entertainment facilities and ensure a great family experience” (Friar Tucker International scenario, 2010). Friar Tucker International, Chief Executive Officer, Ricardo Bellini negotiated and accepted many contracts with hotel chains. The contracts resulted in the management of the establishments and the to implement and carry out projects and manage the implementation of numerous projects. Over the previous years, this company has increased its success rate and has felt the results of growth. Many of the business contracts surround managing centers for entertainment, opening bars, setting up pubs, and managing the operations of scores of restaurants in New Jersey, Washington, Richmond and D.C. All the companies are correspondingly within the realm of Friar Tucker International business alignment and close to the strategic planning. Friar Tucker International accepted a couple of…...

Similar Documents

Pumpkin Patch: a Strategic Management Plan

...several countries, such as New Zealand, Australia, the United Kingdom and United States. It is not easy for Pumpkin Patch to operate well in such areas, but the company still decides to look for new territories. So it should fully understand its position and create fitting strategic plans. Analysing the external environment The general environment Demographic----high Speaking of the clothing products, population immediate influences customers’ real and potential demands to the brand. In fact, demands always far exceed supply and products are sold out very early in such countries, especially in New Zealand. It can be noticed that the population between newborn and 14-year old are the major customers of its market. Economic----high In terms of each area’s economic, the consumption level should be mentioned. Taking the United States as an example, the whole cloth market earned US$172.8 billion in 2004 which occupied 22 percent of the total sale of global apparel. Because of the growth of each family’s income, the data would also increase year by year which presents a good vista to the cloth profession. Technology----high In order to adapt the market change, the enterprise should sum up the existing management frequently and seek for the new ways to satisfy customers’ new demands. Conclusion Pumpkin Patch was early enough to cater to the world trend. The target market gives a good opportunity for the future development. In addition, if Pumpkin Patch always can......

Words: 2731 - Pages: 11

Strategic Plan Risk Management - Fema

...Strategic Plan Risk Management FEMA Strategic Plan Risk Management FEMA’s Strategic Plan FY2011 - FY2014 states their mission is, “to support our citizens and first responders to ensure that as a nation we work together to prepare for, protect against, respond to, recover from, and mitigate all hazards.” (FEMA Strategic Plan, February 2011 p.1) FEMA’s strategic goals are the following: (FEMA Strategic Plan, February 2011 p. 7) 1) Foster a Whole Community Approach to Emergency Management Nationally 2) Build the Nation’s Capacity To Stabilize and Recover From a Catastrophic Event 3) Build Unity of Effort and Common Strategic Understanding among the Emergency Management Team 4) Enhance FEMA’s Ability to Learn and Innovate as an Organization The risks of FEMA’s strategic plan include, but are not limited to,” climate change; the age of critical infrastructure; evolving terrorist threats; global interdependencies; government budgets; technical innovation and dependency; universal access to and use of information; and U.S. demographic shifts.” (FEMA Strategic Plan, February 2011 p. 4) These risks are inherent and are not within FEMA’s control. FEMA must focus on risks that are under their control. Eliminating ‘controllable’ risks can minimize the effects of these inherent risks, and ensure successful execution of their strategic plan. A controllable risk affecting the success of FEMA’s strategic plan is the support and commitment of the entire FEMA organization. ...

Words: 848 - Pages: 4

Strategic Management Plan

...Strategic Plan Part One “A Taste for All” will open its doors in the immediate future. That name was picked because it will be a restaurant in the middle of Montgomery, Alabama and will have dishes from around the world. Our mission at A Taste for All is: We strive to efficiently provide high quality and an expanded array of fine foods to meet and exceed customer expectations. This restaurant will have extensive training so the best customer experience will be the outcome. The customer will be put first of a dining experience that will not be forgotten. The vision statement tells what the goals of the company are in the future. The vision is: At A Taste for All, we envision to be the best restaurant worldwide by having the best foods and the best customer satisfaction. To reach this goal, the company will have to find the best quality and freshest foods to prepare the diversified dishes. Every person is different so it is important to have dishes from each culture. Extensive training will be provided to all employees. By training each employee on the goals and values of the company will give them a feel for what the company is all about. The menu will also be taught because it will have a huge variety. Each dish will have to be mastered from what is in it to what it tastes like and how to cook it. The best chefs will train on how to make each dish. This in turn will also strengthen the chef’s specialties. This will also give customers great products and services, along......

Words: 1059 - Pages: 5

Strategic Management Plan for Costco Wholesale Corp.

...Evan Wabrick Strategic Plan Dr. Watts 4/18/2012 Strategic Plan for Costco Wholesale Corporation Executive Summary The retail industry is an extremely competitive environment that poses many challenges for Costco Wholesale Corporation and its competitors. Since many of the stores offer the same products, it may sometimes be very hard for customers to differentiate between retail stores. Even though the economy is recovering from a recession, the retail business is still a mature industry and is improving very steadily. Costco and its competitors are affected by the same political, economic, social, and technological factors, such as taxes, presidential elections, SEC regulations, the economic state of the country, exchange rates, various social characteristics, such as customer age, income and family size, and the growth of e-commerce. All of these external factors have a great influence on how Costco conducts their operations. Costco is a premier leader in the retail industry thanks to their strategic pricing strategy, low cost operating system, and financial stability. Costco is still vulnerable to numerous threats, such as competition, exchange rates fluctuations, increasing labor and healthcare costs, and high exposure to low growth markets. If Costco is to maintain the market share in the retail industry, they should consider the options of offering more customer service in their warehouses, increase online retail sales, and acquire other retail stores for...

Words: 6610 - Pages: 27

Strategic Management Plan for Gac Philippines, Inc.

...........................................................................................................2 Part 2 Industry Analysis..........................................................................................................................2 Porter’s Model Rivalry among Existing Competitors……………………………………………3 Potential New Entrants…………………………………………………………..4 Substitute Products……………………………………………………………... 4 Suppliers………………………………………………………………………....4 Buyers…………………………………………………………………………....4 Industry Forecast………………………………………………………………………………...4 Plan of the Company…………………………………………………………………………… 5 Part 3 Mission Statement……………………………………………………………………………… 5 Vision Statement……………………………………………………………………………….. 6 Strategic Objectives………………………………………………………………………….…..6 Business Level Strategy………………….……………………………………………………...7 Functional Strategy………………………………….…………………………………………..7 Implementation and Execution Plan…………………………………………………………… 7 Monitoring and Control System Strategy Audit......................…………………………………………………………….7 Performance Evaluation Financial Ratios.........…………………………………………………………………....8 References……………………………………………………………………………………….9 COMPANY HISTORY AND BACKGROUND Gulf Agency Company or GAC is a worldwide service provider company committed to delivering integrated services such as Shipping, Logistics, Marine and related markets through an international network. Headquartered in Dubai, GAC employs over 9,000 people in more than......

Words: 2103 - Pages: 9

Strategic Program Management Worksheet

...Running Header: Strategic Program Management Worksheet Strategic Program Management Worksheet Doreen B. Lewison University of Phoenix Bruce Thomas July 26, 2010 Strategic Program Management Worksheet Table for Assignment One |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in Reading | |Project Considerations ~ The |John Thomas, chairperson, board of |“Many firms that are heavily involved in project | |question is how much autonomy the |directors, gave attention to the status of |management have created a flexible management | |project needs in order to be |individual projects and the major impact |system that organizes projects according to | |successfully completed. |affecting revenues, costs and operating |project requirements” (Gray & Larson, 2006, p. 54)| | |metrics, such as student –to-teacher ratio.| | |Project Management Structure ~ |Both Nancy Anderson, executive director and|“One functional area plays a dominant role in | |Functional organization |Jeff White, business development manager |completing the project or has a dominant interest | | |combine efforts to improve the school’s |in the success of the project. Under these | | ......

Words: 551 - Pages: 3

Project Synthesis: Strategic Management Plan

...Abstract The purpose of this paper is to identify a strategic management plan of a healthcare organization. My selection is a false managed care organization called GreenLine that is based on a well-known health insurance company that provides a variety of health care plans . In this paper the following will be discussed: factors affecting managed healthcare organizations, strategic initiatives, financial information, and organizational structure.   Socioeconomic Factors Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family’s economic and social position in relation to others, based on income, education, and occupation. Socioeconomic status is typically broken into three categories: low, middle, and high SES. Income has been shown to have a heavy effect on whether families will purchase health care insurance and it’s been proven that people with lower incomes tend to have more problems physically and mentally. Most diagnosis seen are respiratory viruses, arthritis, coronary disease, and schizophrenia. Lower socioeconomic status is also been said to link to stress. Legislative Factors Most recently there has been the ongoing implementation of Patient Protection and Affordable Care Act in the United States which affects all managed healthcare companies and businesses with more than 50 employees. Patient Protection and Affordable Care Act consists of a combination of measures to......

Words: 1987 - Pages: 8

Strategic Program Management Worksheet

...Strategic Program Management Worksheet |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in Reading | |Project Life Cycle |During the annual meeting to evaluate the first year of the three-year |A project life cycle goes through four stages: | | |strategic plan the board members discuss many individual projects, such as |defining, planning, executing, and delivering | | |funding, increase revenue, costs, and the student-to-teacher ratio. |(Gray & Larson, 2006, p. 6). | | |Throughout the discussion it appears that the members have not set up an | | | |effective project cycle. If the project team took the appropriate steps of | | | |defining the project objectives, planning the budgets, researching and | | | |building ideas and finally delivering the results from all other stages. Jeff| | | |was not prepared to present the status of the funding project. If he had | ...

Words: 646 - Pages: 3

Strategic Plan

...Strategic Plan Part 1 Business 475 September 23, 2014 Strategic Plan Part 1 Strategic Plan, Part 1: Conceptualizing a Business The information that will be provided in this paper will give information about a new type of restaurant in the industry, ME Cafe. ME Cafe with provide food for all walks of life. It will cater to specific needs, wants, and desires of each of their customers at an affordable price. The information within this document will cover the mission statements, vision statements, and the values in addition to how these steps will assist the company in determining their strategic direction. “ A strategic business plans assist companies in defining their mission and vision, helps them define their purpose and direction setting them apart from their competitors,” (Pearce & Robinson, 2009, “p” 57). Creating a sound mission and vision statement allows the consumer, employees, stockholders, and competitors to see where the company is presently, potential goals, and their plan to achieve their goal. Concept for ME Cafe ME café will provide natural, fresh and organic to a large variety of flavour’s and fillings, themed appetizers, sandwiches, wraps and other menu items specifically designed to meet each consumer’s needs, wants, and desires at an affordable price within the Food service industry. Our options will include gluten, egg, and dairy free, in addition to other special dietary needs. Business hours are 5 a.m. to 10 p.m. Tuesday through......

Words: 1386 - Pages: 6

Strategic Program

...Strategic Program Management Worksheet The purpose of this assignment is to begin the process of Problem Based Learning. In this step, you will be looking at one or more realistic situations and using them, in the context of this course, to identify the key concepts involved that you will need to understand in order to solve whatever problems you might encounter in those situations. Complete the table below by identifying at least five concepts that you will study from the text on the rEsource page in order to resolve the situations presented; list and briefly describe them in column A. You have on the rEsource page a scenario that provides an examples of realistic situation in which these concepts apply. Examine this scenario and in Column B identify specific examples from it which illustrate an application of the concept. The example could be an issue in the scenario which illustrates a concept. Cite in Column C where in the reading you found the concept that the example illustrated. Table for Assignment One A: Concept B: Application of Concept in Scenario C: Citation of Concept in Reading Example from Global Communications Scenario in MBA/500: Building Organizational Commitment, which is developed through the activities of: • Justice & support • Job security • Organizational comprehension • Trusting employees Example from Global Communications Scenario in MBA/500: Sy states that Global Communication’s competitive edge is drawn from loyal......

Words: 314 - Pages: 2

Strategic Plan

...STRATEGIC PLAN (20142019) School of Business and EconomicsMoi University The global business school of choice; excellent in education, research and innovation Submitted by: NAME: KIMANI ABRAHAM KAMAU REGISTRATION NUMBER: BBM/2614/12 COURSE: Business Policy& Strategy (BBM 472) INSTRUCTOR: DR. MUGAMBI 12/24/2013 Contents LIST OF FIGURES AND TABLES .................................................................................................................. 3 TABLES ................................................................................................................................................ 3 FIGURES .............................................................................................................................................. 3 EXECUTIVE SUMMARY ............................................................................................................................. 4 VISION..................................................................................................................................................... 5 MISSION .................................................................................................................................................. 5 CORE VALUES .......................................................................................................................................... 5 CHAPTER ONE ...............................................................................

Words: 6220 - Pages: 25

4-Year Strategic Management Plan

...You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts employees now number 5,000, and all are currently employed in the United States. It plans to grow to 10,000 employees in 4 years. New facilities will be needed in international expansion, and PPQ Parts anticipates building most of those (80%) outside the United States. PPQ Parts holds 5% of the world market share on small SUVs, but its goal is 9% in 4 years. Current stock price is $10 per share. The goal is $22 a share. Profit margin 3-year average is 6%. Industry average during this time has also been 6%. The company goal is 13% in 4 years. PPQ Parts has averaged 28% employee turnover during the last 3 years. This is compared to an industry average of 25%. The company’s goal is to increase employee retention by lowering annual turnover to 17%. PPQ Parts contributes to all the local communities in which it is doing business. This is one of its corporate values. Current charity is 0.5% of total profits, but the company would like to raise that to 5% in 4 years. ABSTRACT With the investment in technology and the power of the Internet has made it easier for businesses, big or small, to take their company and globalize it. It used to be that the most profitable and largest companies were the ones who were able to afford in building a multinational corporation. Thanks to......

Words: 2294 - Pages: 10

Learning Team Strategic Management Plan

...September 24, 2007 Week 3 Mission: To excel academically while progressing through the BSOM curriculum at Tusculum College and graduate in December 2008. We will develop and cultivate the qualities and skills needed to succeed in the program and promote the value of learning within ourselves as well as our fellow classmates. Goal 1: Pass each course in the BSOM program with no less than a grade of C. Objectives: • Complete assignments and projects thoroughly, following all directions given by the instructor. • Attend each class session, arrive on time, and stay for the duration of the class. • Turn in all projects or assignments by the deadline set by instructors. • Acquire syllabus and class schedule at least 10 days prior to first day of class to ensure that all assignments are completed by their due date. Goal 2: Meet as a Learning Team at least one time per week to discuss upcoming projects. Objectives: • Meetings to be scheduled after Monday night classes and must occur before Saturday of the given week. • Meet at a designated location and specific time agreed upon by all teammates. • Collaborate together to make sure everyone has the appropriate materials and text needed for a productive and effective meeting. Goal 3: Provide support for each team member via email, phone, meetings, and/or tutoring efforts. Objectives: • Respond to a team member’s email or phone message within 24 hours of receiving......

Words: 547 - Pages: 3

Strategic Program Management

...Strategic Program Management Worksheet MMBPL510/Implementing Organizational Objectives January 23, 2012 Clifford Olson Strategic Program Management Worksheet |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in Reading | |Strategic Management Process: |“Along with the school’s executive director, the |Gray, C.F., & Larson, E.W. (2006) Project | |“Strategic management requires |Board has adopted a new strategy that uses |Management: The Managerial Process (3rd | |strong links among mission, goals, |business development as the model to increase |ed.). McGraw-Hill/Irwin. | |objectives, strategy, and |funding sources and revenues. The three-year | | |implementation” (Gray & Larson, |strategic program plan includes a number of new |Foundation Schools Scenario. (2012). | |2006). The process consists of four|projects to help realize this new vision. The |Retrieved from: UOPX library. | |stages: 1) Review and define the |first year of the plan has just been completed and| | |organizational mission, 2) Set |is slated for Board review. John Thomas, CEO, has | | |long-range goals and objectives, 3)|been choosing new Board members with business...

Words: 1172 - Pages: 5

Pumpkin Patch: a Strategic Management Plan

...countries, such as New Zealand, Australia, the United Kingdom and United States. It is not easy for Pumpkin Patch to operate well in such areas, but the company still decides to look for new territories. So it should fully understand its position and create fitting strategic plans. Analysing the external environment The general environment Demographic----high Speaking of the clothing products, population immediate influences customers’ real and potential demands to the brand. In fact, demands always far exceed supply and products are sold out very early in such countries, especially in New Zealand. It can be noticed that the population between newborn and 14-year old are the major customers of its market. Economic----high In terms of each area’s economic, the consumption level should be mentioned. Taking the United States as an example, the whole cloth market earned US$172.8 billion in 2004 which occupied 22 percent of the total sale of global apparel. Because of the growth of each family’s income, the data would also increase year by year which presents a good vista to the cloth profession. Technology----high In order to adapt the market change, the enterprise should sum up the existing management frequently and seek for the new ways to satisfy customers’ new demands. Conclusion Pumpkin Patch was early enough to cater to the world trend. The target market gives a good opportunity for the future development. In addition, if Pumpkin Patch always can......

Words: 2731 - Pages: 11

Tim Abell | Still Life with Tornado | Adobe Photoshop CC (2014.2) v15.2.0.230