Business Model and Strategic Plan Essay

Advance head mechanics is the new military weapon division of The Renco Group Inc. It is a promising addition that is designed to take its p atomic number 18nt company to brand new heights in prestige and financial stability. In previous drafts, we defined what Advance bringing close together Mechanics could do for its shareholders, now it is time to analyze how it compares to the vision and the strategic goals of The Renco Group Inc. rest periodd Scorecard and Communication PlanThe fit scorecard is a strategic planning and management system that is used significantly in trading and industry, government, and nonprofit organizations creationwide to line up business activities to the vision and strategy of the organization, improve inner(a) and external communications, and observe organization performance against strategic goals. It is A set of four measures directly linked to a companys step-up (Pearce & Robinson, 2009, p. 202). Here is a picture of how Advance Idea Mechanics matches up with The Renco Group Inc. vision and strategy.Financial Perspective shareholders ValueThe Balanced Scorecard or dashboard is a tool that gives managers and executives a balanced view of what the company is doing on the business side of meat and how they are performing within the scope to the vision and strategy of the organization. The main responsibility of the company is to increase net revenue and achieve financial perseverance while providing the best overlap and service at a reasonable price, on condition that customer satisf march is met. To appraise the financial constancy of an organization, it is congenital to compute the operating cost, growth income and return on interest and capital, and earnings per share. By utilizing efficientprocesses we will be able to reduce expenses by big(a) costs, improving on-stream time, and growing revenues. Advance Idea Mechanics new state of the art platform and processes will surely please The Remco Group Inc. as hale as their shareholders of their financial viability.Customer Value PerspectiveIf a business customer is satisfied, then a business knows that it is successful. Delivering uniformity in the price and favorable position in your product protagonists to give the company an edge, over the competition, in the market, separating the companys product by brand name or a situation image. This is how each company attracts the consumers, and builds hopefully, a long-term business relationship with the customer. Advance Idea Mechanics is doing that with the government by giving them the most advance products on the military stage. They not only sell a unique product, but they also provide a service, that no matter what their device encounters, Advance Idea Mechanics will provide a solution.Since our products will be in war torn areas it is important to know that safety of the people who use our product will be one of our main objectives. Advance Idea Mechanics wants to construct sure that our c lients leave their vehicles the same way they got in their vehicles. Advance Idea Mechanics will do on-going surveys to see what we can do to improve on the safety, care, comfort, and reliability of all the products we make. There will be a squad operating twenty four hours a day to address any concerns that our clients might have. At Advance Idea Mechanics customer satisfaction is tote up one.Internal Business ProcessWhen it comes to customer satisfaction strategic planning is a must. It is used to raise customers and to present new products and to improving business capabilities. It is exact that we describe what our strategy is and use this to increase market share. By understanding our position, the company will be able to have the power it needs to judge its performance and line up with the vision and mission statement of the corporation. There will be internal audits of the goals and performance of the company, conducted daily, to monitor the balance scorecard to make any adjustments needed to have a flawless process, always keeping the concern ofthe client at important. The Renco Group Inc. and its subsidiary, Advance Idea Mechanics, understand that the join States is a larger and powerful client and the earning potentials from this alliance can be huge. This is why it is important that we look at every metric to ensure that we are doing everything we can to satisfy the government and stay loyal to our mission and vision.Learning and Growth PerspectiveThe final piece of the Balance Scorecard is the learning and growth process. It is here that the vision aligns flawlessly with the companys so that it can gain an aggressive upper hand and position in the marketplace. It focuses on the enlargement and success of the business, and it focuses on the interior and exterior public, their thoughts and actions. The Renco Group Inc. and Advance Idea Mechanics use the Balance Scorecard as a tool to help the company to maintain its standing and also promote te chnological improvements. Advance Idea Mechanics will be a division that lives in the world of technological development and without it it will be just another company.This is why one of the main changes that this perspective brings is an emphasis on employee training, to make ready for action employees, which will constantly improve their knowledge base and make them an effective part of our new vision. The second word in Advance Idea Mechanics is idea and we hope we can pull some of our inspiration from the people who work within the company. With a new division, fresh ideas, and a plan for internal employee training, The Remco Group Inc and Advance Idea Mechanics see no reason why we will not have great employee retention and a racy workforce.ConclusionAdvance Idea Mechanics is a new dream, but it is predicated on an idea that got its start from The Remco Group Inc. founding business. By using the Balance Scorecard and using the Communication Plan we know that we can implement s trategic plan that will adhere to the principles outlined by the companys vision and mission statements. It will take all four perspectives Financial, Customer Perspective, Internal Business Process and Learning and Growth to move the company to the bordering level, but with monitoring and adjustments, shareholders will reap the benefits when the day is done.ReferencesPearce II, J. A., & Robinson, R. B. (2009). Strategic Management Formulation, Implementation and Control (11th ed.). New York, NY McGraw-Hill. The Renco Group Inc.. (2014). 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