Strategic Plan for CBD Energy Essay Example | Topics and Well Written Essays - 1500 words

Strategic Plan for CBD muscle - Essay ExampleFor instance the company purposes of producing 20,000 units on an annual basis. This is indeed a huge plan that requires the presence of well chosen strategical plan to implement. Fin all(prenominal)y, at that place is a general need for the company to growth in size and revenue target. To make this target achievable, it is important to make believe a strategic plan that will serve as a benchmark for fulfilling the aspirations of the company. In selecting a strategic action however, there are a progeny of options for the company. This paper shall be dedicated to analysing a number of strategic actions to identify which would work best for CBD Energy. Levels of Strategy Before deciding on a strategic action, it is very important to appreciate the fact that strategic actions comes in different business take aims and that the type of level of strategy selected for a company influences the final form of strategic action that will e tak en. ... This is because the collective level strategy will offer the company the opportunity to diversify, if the need be with other companies to procure the common objectives of the company. Again, quoting from Carpenter & Sanders (2009), Linnenluecke (2011) observes that corporate level strategy Focuses on the selection and management of a conflate of businesses competing in several industries or product markets to gain a competitive expediency. This means that CBD will have the opportunity to work in a collaborative effort with most other companies when the need to immix or acquire new ventures becomes necessary in the strategic action to be selected. The option (Porters Cost Leadership Strategy) The Albany University (2007) outlines four major generic strategies that can be used in helping businesses gain competitive advantage. These are damage leadership, differentiation, focused low cost and focused differentiation. Having researched into all the strategic actions, the w riter recommends that cost leadership would be the best strategy for CBD Energy for its present closet demands. Description of Strategy Linnenluecke (2011) observes that this strategy works under two major philosophies. In the first place, there is a conscious effort to present products and services at lower cost as compared to costs charged by rivalry companies. In the second place, there is a focus on minimizing cost of production while providing a more or less equivalent product or service compared to rival firms (Linnenluecke (2011). The underlying factor therefore is that CBD Energy would have to agree on taking advantage of the market by lowing cost of production and cost of products and services. This strategic action works under