Revising draft essay

Due date: 10.30.2020

Pixa Company, Core Application services Inc. and Tj wellness wealth are among the three potential Filipino-owned partner firms in the Philippines. A statement of strategic intent for my client is meant to set firms' future to be strategic and broad policy directions. It gives the firm a clear path for the future (Minghui, Stone & Semedo, 2018). The strategic intent serves the purpose of why the firm exists and why it will live in the future by remaining competitive. It gives the firm a clear picture of what the firm must focus on to achieve its objectives and visions. It acts as a motivation to the stakeholders, and it gives clarity to the firm's vision. It helps the management to focus more on the priorities.

The strategic intent will help influence the firm to see what is not achievable and provide a competitive environment. A well-elaborated strategic intent should be able to help the firm set its goals and objectives of what is required for them (Garcia, & Paguia, 2018). This includes focusing all the attention on the firm to achieve its vision. This is by motivating people by sharing your vision, which should be achievable. Strategic intent mainly focuses on building the firm from step one by utilizing other firms' ideas and exploiting available resources to build an empire that will be competitive in the future.

The firm's vision explains where the firm wants to be in the future or how it will meet the demands of the stakeholders. It describes in detail the dream of the firm and future aspirations. The firm may position itself in such a manner it wants to be operating in every corner of the world in the future. The vision describes the viewpoint of the company shortly. It helps to contribute to effective decision making as well as a business plan. Significant firms’ vision must be very clear, be simple to understand, must be shorter for the purposes of memorizing, and must harmonize the firms’ culture and values. The vision should be realistic such that it should be achievable.

The firm's mission statement intends to serve the stakeholders. It states what the company is doing and the strategies laid down for the company to achieve its goals. A clear mission statement should state the firm's kind of activities, the stakeholders, and what makes the firm unique from others. The mission should unique in such a way that it will be in everybody’s mind. It must be achievable and attainable (Minghui, Stone & Semedo, 2018). The mission should be motivating for the staff and stakeholders. It should be credible in such a way the stakeholders can be convinced easily. The mission should be simple in such a way that any action can be taken.

The value statement of the firm shows its soul. It clearly elaborates what the company believes in. mostly, they act as a referral to what the firm should do or not. It acts as a set of guidelines for the firm. Before the firm merges with other firms, it should elaborate on its values because they might be used as future reference. The statement clearly states the firms’ priorities, and this can be used as a useful tool for marketing. Examples of core values include integrity, servant leadership, respect, sportsmanship, and responsibility.

A good strategy for the firm will consider some elements to arrive at the answers. Question for arenas will be where the firm activeness will be, for the differentiators, the question will be how the firm will arrive where it wants to be, the vehicles is how the firm will win at the field/marketplace, the staging question will be what will be the speed, and the economic logic question will be how to obtain returns. The arena will focus on the areas the firm will specialize in. The differentiators are the unique features of the firm's product that will help thrive from its competitors (Minghui, Stone & Semedo, 2018). Factors that help in selecting differentiators include the decisions made previously and the ability to come up and execute thriving differentiators that make tough decisions. The vehicles refer to ways for engaging in targeted arenas. There are different ways to make firms enlarge their market. Staging refers to the speed and timing of the available resources. This includes the capital and human resource. Economic logic refers to how all firms will make a profit. This will help the firms come up with ways on how to develop more revenue.

The blue ocean strategy will begin by knowing the business and the product to tackle. After having the right approach, build the team with confidence. Out of the Pixa Company, my clients will benefit from controlling pests and disease invasion out of pests invasion. Through the Core Application Service Inc, clients will benefit from system development, and TJ Wellness Company will help the clients become aware of their health issues (Larsen, 2017). The next step is to understand where I am by getting clear about the current state. The next step is to view where you want to be by ignoring all the limits and discovering a new clientele pool. The next step is to reconstruct the boundaries created by marketing and come with a new market strategy. Lastly, launching the blue ocean move and run a test in the market and finally concentrate on the potential of the market.

Factors taken for granted in the industry should be eliminated; factors that are below the standard of the sector should be reduced. Elements that the industry has never created, should be made. The characteristics that have never been raised way beyond the industry requirements, should be presented (Larsen, 2017). Four actions to create a blue ocean will involve the scenario of yellowtail wine. This is uplifting x by using partner one who already has uplifted x. uplift y by using partner two, who had already been uplifted z by using partner three, who had already uplifted z.

The two approaches to market-making (Blue ocean) strategy will include market-making, which comes up with an inclusive network, integrating, trading, and bringing on board stakeholders with a lot of influence of my strategic vision. The differentiation is another strategy that creates a diverse network, responding, and at the same time servicing stakeholders that do not have much influence. In market taking, partner 1 hire human resource with minimal commitment and its capacity for work done for cost-effective growth, partner 2 focuses more on a human resource that puts more effort in employees to develop new and innovative skills for improved development while partner 3 focuses more on employees for cost-effective differentiation.

The client should do away with business model costs by considering to work with partner one on his strategy, and the same case to the other partners with their plan. The client will add more value and differentiate the business model by working differently by handling each partner's different systems. By reducing the unwanted costs and raise wanted benefits, the client will work with each partner differently with their different approaches.

The six force analysis will include; the potential entrants, substitutes, vendors, customers' competitors, and complementors. For the potential entrants, I want to have knowledge on profile for the new firms producing music and, at the same time, know the factors influencing their strategic progress in the industry. For the substitutes, I want to have knowledge of what is in the profile of substitutes, and it does not produce music and know the factors that influence the growth in music (Larsen, 2017). For vendors, I want to know what is in their profile to input resources to firms that produce music and the factors that influence their growth. For the customers, I may want to know the profile of the music producing firm that customers select. The competitors, I want to know what is in their profile in the producing firm and commentators I want to know what is in their profile to what they add value to the music producing firms.

The Pixa Company that deals with pests’ remedies, cannot do well without reliable means of shipping to the rest of the world if the company wants to supply the products to the world. LBC is the most reliable company to use since it offers door to door delivery to the rest of the world. The Core Application Service Limited cannot increase its sales volume without proper marketing means despite the quality and reliability of its products. The best way to improve sales is through digital advertisement (Larsen, 2017). The TJ Wellness needs to have processing machinery for their products to increase their sales. The case of yellowtail wine eliminates the aging qualities, strict regulations, and different marketing styles. Raise the reality between cheap and expensive wines and retain involvement in the store. Reduce wine range and complexity and the prestige of vineyard. Create a comfortable type of selection, create more fun while enjoying the wine, and create how the drinking will be more pleasing.

References

Minghui, R., Stone, M., Semedo, M. H., & Nel, L. (2018). New global strategic plan to eliminate dog-mediated rabies by 2030. The Lancet Global Health, 6(8), e828-e829.

Garcia, R. C., & Paguia, D. (2018). Socio-Economic Need Assessment of a Rural Area in the Philippines. Available at SSRN 3303031.

Larsen, D. S. (2017). Strategic Plan Final Report. Journal of Neurologic Physical Therapy, 41(2), 139-140.

Parker, L. E. (2018). Creation of the National Artificial Intelligence Research and Development Strategic Plan. AI Magazine, 39(2).