WK 1 & WK 5 DISCUSSIONS

WK 1 INITIAL POST (A. SAL)

To: Paul’s Discount Tires and repairs

From: Abdul

Subject: 10-Year Strategic Plan.

Date: 3/18/2021

This memo is written for Paul's discount tires and repairs 10-year business strategic plan.

1. What is wrong about the strategy?

There is nothing wrong with this strategy, the strategy has meet the five unconventional business practices which most successful businesses are using, it commit to an identity, translate its strategy into the everyday with precision in mind, cut cost to grow stronger as required, and shaping their future using its core values (Paul & Cesare, n.d.).

2. What is right about this strategy?

A well define strategic plan should provide a clear picture of the current and future state of a company by connecting its target and its limitations.  Paul’s Discount Tires and Repairs based its strategic plan around the four key areas: competitive advantage “by providing the lowest price discount tires, vehicle repairs, exceptional customer service and quality work”, its culture values to overcome the setbacks from the COVID Pandemic, cutting cost as required to provide growth, and their future plans for the next ten years (Paul & Cesare, n.d.).

3. Whether the company sustains its competitive edge.

Since Paul’s Discount Tires and Repairs is the market leader in discount tires and repairs in the city, with their strategic plan, the business will sustain its competitive advantage. They are running their business using the five unconventional practice: They commit to an identity through a value proposition by been providing the lowest price for their service, having an exceptional customer service system of distinctive capabilities, and a chosen portfolio of providing tires and minor repair services. Translating their strategy into the everyday by having a ten-year plan of continuing service and providing quality work to their customers. Putting their culture to work sticking to its core value which is rooted when the business first started. Cutting cost as required to grow stronger, keeping their employees through difficult times vice laid them off. Shaping their future with the goal of overcoming the setback from the COVID pandemic (Paul & Cesare, n.d.). This strategy is similar to one of Walmart strategic plan “to save people money by providing low pricing (Edward, 2019). But been a market leader today doesn’t mean they will always be a market leader if they are not finding ways to improve their services to maintain their customers loyalty.

4. One thing to do to improve on this strategy.

One thing they can do to improve their strategy is to include human capital. Investing in human capital will allow for employee’s creativity, increases their satisfaction, and better communication between employees as well as employees and customers.

Ref.

· Paul Leinwand & Cesare Mainardi, (n.d.). Creating a strategy that works.

https://www.strategy-business.com/feature/Creating-a-Strategy-That-Works

· Edward Ferguson, (Feb. 2019). Walmart’s Mission Statement & Vision Statement, Generic & Intensive Strategies.

http://panmore.com/walmart-vision-mission-statement-intensive-generic-strategies#:~:text=Walmart%20Inc.'s%20corporate%20mission%20is%20%E2%80%9Cto%20save%20people,company's%20slogan%2C%20%E2%80%9CSave%20money.