Develop an argument supporting the importance of a strategic plan for the success of the defined business
Strategic planning entails the importance of ensuring that all the projects and functions of the nail salon become coordinated towards reaching planned goals of the business.
Create a mission statement for the company explaining how the mission will be essential to the company’s success.
The mission defined for the nail salon would be guaranteeing quality services to customers and efficiently meeting their needs to achieve maximum profits. This mission would thus ensure that workers gear their actions towards satisfying the customers, which will thus trigger quality output amongst all. In addition, meeting customer’s tastes and precisions will boost their confidence regarding the business, thus want more of our services, and in return introduce their friends to our entity. Therefore, the nail salon will enjoy increased profits stemming from the many customers demanding for services. In addition, this mission would become essential in ascertaining focus amongst employees when executing their roles and when handling clients that visit the nail salon venture (Freeman, 2010).
Create a vision statement for the company explaining how the vision statement supports the company’s mission.
The vision would be establishing many nail salon outlets world over and guarding our space in the industry. The vision would thus contribute in supporting the mission of serving increased clients world over after opening many branches. Moreover, the vision of setting more entities would ensure increased profits reaped from handling more clients. This owes clarification from the information that the business would to some substantial extend enjoy benefits attached to large businesses, mostly identified with the word benefits of scale. Therefore, many branches would culminate to more benefits and in return make the services well established worldwide.
Establish 5 key objectives for the company encompassing operational, financial, and human resources aspects of the business and justify why each of these objectives is essential to the success of the business.
One major objective concerning our business would be to deliver standard services to all clients world over, while incorporating modern technology. Substandard services would mean that the nail salon chases away clients and thus reduced returns. Excellent services include such efforts as ascertaining that clients acquire their services within the stated deadlines and according to their specifications. Introducing such aspects as the e- commerce would ascertain standard services for the clients. This owes explanation from the information that technology advances the standard of work basing on variant reasons. For instance, information technology fastens speed and advances quality of certain jobs. This includes other advantages as improved information storage for the nail salon. This would ascertain that the company uses IT to ascertain negligible fraud of company’s strategies (Witcher & Chau, 2010). Advanced technology would also ascertain that documents stay guarded from suspicious persons who may finally cause fraud in the venture. The nail salon would thus enjoy availing standard services to customers because the sole responsibility …
Posted by: Shalanda Bacchus