Business Model and Strategic Plan Essay

Advance humor Mechanics is the raw(a) soldiery weapon di hatful of The Renco radical Inc. It is a promising addition that is intentional to direct its p arent company to brand untested heights in prestige and financial stability. In previous drafts, we defined what Advance root word Mechanics could do for its shareholders, now it is time to analyze how it compares to the vision and the strategic goals of The Renco Group Inc.Balanced wit and Communication PlanThe balanced add-in is a strategic planning and management system that is used significantly in blood line and industry, g everyplacenment, and nonprofit brasss worldwide to line up business activities to the vision and strategy of the organization, mitigate inbred and external communications, and observe organization performance against strategic goals. It is A set of four measures directly united to a companys growth (Pearce & Robinson, 2009, p. 202). Here is a picture of how Advance Idea Mechanics matches up with The Renco Group Inc. vision and strategy.Financial Perspective Shareholders ValueThe Balanced Scorecard or dashboard is a tool that gives managers and executives a balanced great deal of what the company is doing on the business side and how they are performing in spite of appearance the scope to the vision and strategy of the organization. The main responsibility of the company is to summation net revenue and achieve financial constancy while providing the outperform product and service at a reason equal to(p) price, on trail that knob happiness is met. To appraise the financial constancy of an organization, it is essential to visualize the operating cost, growth income and return on interest and capital, and earnings per share. By utilizing efficient processes we bequeathing be able to reduce expenses by minatory costs, improving on-stream time, and growing revenues. Advance Idea Mechanics tonic tell of the art platform and processes testament surely pleas e The Remco Group Inc. as well as their shareholders of their financial viability.Customer Value PerspectiveIf a business customer is satisfied, then a business retires that it is successful. Delivering uniformity in the price and superiority in your product helps to give the company an edge, over the competition, in the market, separating the companys product by brand anticipate or a particular image. This is how each company attracts the consumers, and builds hopefully, a long-run business relationship with the customer. Advance Idea Mechanics is doing that with the government by giving them the most advance products on the military stage. They not however sell a unique product, but they alike provide a service, that no matter what their device encounters, Advance Idea Mechanics leave alone provide a solution.Since our products will be in war snap areas it is important to know that safety of the people who use our product will be one of our main objectives. Advance Idea Mec hanics wants to book sure that our clients leave their vehicles the same way they got in their vehicles. Advance Idea Mechanics will do on-going surveys to see what we can do to improve on the safety, care, comfort, and reliability of all the products we make. There will be a team operating twenty four hours a day to sell any concerns that our clients might have. At Advance Idea Mechanics customer satisfaction is number one.Internal Business ProcessWhen it comes to customer satisfaction strategic planning is a must. It is used to raise customers and to present new products and to improving business capabilities. It is critical that we describe what our strategy is and use this to make up market share. By understanding our position, the company will be able to have the power it needs to evaluate its performance and line up with the vision and mission statement of the corporation. There will be congenital audits of the goals and performance of the company, conducted daily, to moni tor the balance scorecard to make any adjustments unavoidable to have a flawless process, always keeping the concern of the client at important. The Renco Group Inc. and its subsidiary, Advance Idea Mechanics, understand that the United States is a larger and powerful client and the earning potentials from this alliance can be huge. This is wherefore it is important that we look at every metric to ensure that we are doing everything we can to satisfy the government and stay loyal to our mission and vision. accomplishment and Growth PerspectiveThe final piece of the Balance Scorecard is the teaching and growth process. It is here that the vision aligns flawlessly with the companys so that it can gain an aggressive upper hand and position in the marketplace. It focuses on the expansion and success of the business, and it focuses on the interior and exterior public, their thoughts and actions. The Renco Group Inc. and Advance Idea Mechanics use the Balance Scorecard as a tool to help the company to maintain its standing and also promote technological improvements. Advance Idea Mechanics will be a division that lives in the world of technological development and without it it will be just another company.This is why one of the main changes that this office brings is an emphasis on employee training, to make ready for action employees, which will invariably improve their knowledge base and make them an effective part of our new vision. The second word in Advance Idea Mechanics is thinker and we hope we can pull some of our inspiration from the people who discipline within the company. With a new division, fresh ideas, and a plan for internal employee training, The Remco Group Inc and Advance Idea Mechanics see no reason why we will not have great employee retention and a spirited workforce.ConclusionAdvance Idea Mechanics is a new dream, but it is predicated on an idea that got its start from The Remco Group Inc. founding business. By using the Balance S corecard and using the Communication Plan we know that we can implement strategic plan that will adhere to the principles outlined by the companys vision and mission statements. It will take all four perspectives Financial, Customer Perspective, Internal Business Process and tuition and Growth to move the company to the next level, but with monitoring and adjustments, shareholders will reap the benefits when the day is done.ReferencesPearce II, J. A., & Robinson, R. B. (2009). Strategic Management Formulation, Implementation and defend (11th ed.). New York, NY McGraw-Hill. The Renco Group Inc.. (2014). Retrieved from http//rencogroup.net/index.php