Preview

Sufra Restaurant Business Strategy

Good Essays
Open Document
Open Document
5703 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sufra Restaurant Business Strategy
Executive summary: By: Mohammad Haron Sahab
I have learned for the past three months during the strategic management sessions the concept of business, strategic management process in business, types of strategies, how to run the business, what business shall a company be in, how to survive in a business competition environment, ect. That can be listed in below to the possible order.
Strategy gives directions to the business where to go and how to go to achieve the targeted business objectives
The company shall have in place business model to track the profitability of the company whether there are competitors in the industry or not.
Business competitive advantages and strategic ways of business on how a remarkable large numbers of buyers or costumers deal buy the products and service of the company amongst other who do the same.
How the businesses set the vision where to go (we need to consider our core value like creativity, excellent customer service social responsibility, core purpose like many frequent question why I am doing this and visionary goals like quantitative or qualitative goals such as a sales target or Ford's goal to "democratize the automobile."), and develop it in to mission statement, what to do and why to do, and then define smart objectives and goals how to measure the progress and later on develop effective strategies, how to go ( SWOT) types of strategies, implement and evaluation the progress accordingly and if needed adjust accordingly too. In other words; in today's highly competitive business environment, budget-oriented planning or forecast-based planning methods are insufficient for a large corporation to survive and prosper. The firm must engage in strategic planning that clearly defines objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments as necessary to stay on track.
A scan of the internal and external environment is an

You May Also Find These Documents Helpful

  • Powerful Essays

    Strategy is a roadmap designed to route the direction of the organization towards achieving its goals. Through an understanding of the organization’s vision and mission and the matching of resources and skills to the environment, the company can formulate and implement strategic plans to achieve long-term sustainable competitive advantage, meet the needs of consumers and satisfy stakeholder’s expectations (Johnson, Scholes and Whittington 2004).…

    • 1718 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    In business, strategy relates to the game plan that is used to achieve all the goals that have been set for the organization. Strategy helps to not only achieve long term goals but also tends to give organizations the tools to achieve and maintain a competitive edge over their counterparts in the industry.…

    • 528 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategy – It is the step by step plan of the company on how to achieve the vision. It looks inside the organization and outward at the competition and at the environment and business climate.…

    • 848 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    Bowman Strategy

    • 1810 Words
    • 8 Pages

    “The word strategy is used to describe the direction that the organisation chooses to follow in order to fulfil its mission”.…

    • 1810 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    For managers, planning is the process of developing strategies for success, establishing goals and objectives for their organization and the development of courses of action based on their strategy. An important practice for managers is strategic planning. Strategic planning is the outlay of long term goals and planning the actions that will achieve those goals. Part of the strategic planning process is the development of a business model. The business model outlines how the company will generate revenue. There are additional items involved in the strategic planning process. The first of these is the development of a clear vision of how the company will grow and improve in the future. The second is the creation of a mission statement which lays out how to realistically achieve the vision of the company. Third is performing a SWOT (strengths, weaknesses, opportunities and threats) analysis. Fourth, a company develops forecasts or predictions of future occurrences involving what will occur and when and also…

    • 2072 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    * Corporate strategy: deciding which industries the firm should be engaged in and how it should allocate resources among the. – Assemsment of the atrrativeness of different industries in ters of profit potential. This chapter focus onunderstanding how the competitive structure og an industry determines its profitability.…

    • 355 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Virgin Group

    • 7848 Words
    • 32 Pages

    Business Strategy involves analysing and gathering as much information as possible from the environment where the organisation establishes and/or enters the Market, to maximise the business potential: expand, evaluate, innovate, profitability, stability, market leadership, mergers and acquisitions, etc.…

    • 7848 Words
    • 32 Pages
    Good Essays
  • Powerful Essays

    "What is strategy?" Johnson and Scholes said: "Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".…

    • 2371 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Notes

    • 23195 Words
    • 93 Pages

    Strategy is the direction and scope of an organization over long term which achieves advantage for the organization through its configuration of resources within a changing environment and to fulfill the stakeholder expectation.…

    • 23195 Words
    • 93 Pages
    Good Essays
  • Good Essays

    Strategy

    • 893 Words
    • 4 Pages

    Strategy is a plan of action which is designed to help achieve a long term goal. It is how the plan of action is decided that determines whether the strategy developed will be achieved. It is all about the analysing the strength of businesses' position and understanding the important factors that may influence that position. Strategy is of paramount importance in the business world, as without it managers and employees will be unable to coincide with each other and therefore the organisation will be unsuccessful reaching this goal.…

    • 893 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Business Stretegy

    • 5021 Words
    • 21 Pages

    Business strategy is concerned with deciding which markets and activities the business should involve in. Where its wants to be and how its going to get there. Strategy is about making high level decision and forms management game plan for-…

    • 5021 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    want to provide a high level of customer care. Using technology now a days you…

    • 640 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Random Notes

    • 581 Words
    • 3 Pages

    Strategy – primary determinant of what products and services an org will offer and what markets it will serve. Strategy formulation develops goals and plans to ensure the org can adapt and thrive…

    • 581 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Ella

    • 14144 Words
    • 57 Pages

    LO 1. Grasp why it is critical for company managers to have a clear strategic vision of where a company needs to head and why. LO 4. Become aware of what a company must do to achieve operating excellence and to execute its strategy proficiently. LO 5. Become aware of the role and responsibility of a company’s board of directors in overseeing the strategic management process.…

    • 14144 Words
    • 57 Pages
    Powerful Essays
  • Satisfactory Essays

    STRATEGY

    • 282 Words
    • 2 Pages

    Strategy is a business plan and direction that helps the company to follow it access the successful. A strategy should analysis the market trend, customers’ needs, operation policies, competitors and self SWOT etc. Thus, strategy is very important in company. It is because the company could develop and achieve the goals according a good strategy. When company is using strategy, it needs help company to obtain or enhance advantages of finances and market shares. Therefore, the main objectives of strategy are reinforcing productivity and operation more effectively and efficiency in order to increase profits.…

    • 282 Words
    • 2 Pages
    Satisfactory Essays