Companies wanting to gain a competitive advantage in the current environment, where competition is very rough where scientific improvement have forced major companies forward may need a strategy development process. By using several features like creative imagination and originality, companies can come up with lots of options and opportunities you can use while creating a strong strategic plan. Today, Companies should develop the sense of managing and monitoring of procedures, nothing at all should be still left randomly, because important loss can incurred.
Many thinkers have argued that a strong strategy should consider three important factors (3C): Customers, Competencies and Competition.
Schindler, a Swiss elevator company, had decided to develop and grow its international market show by planting a fully owned subsidiary in India. Its major goals were to achieve 50 purchases in its first calendar year and respite even after four years of trading. It also planned to get 20% of the market share inside of 5 years. Silvio Napoli, had been carefully chosen as he was the writer of the business enterprise plan which got noted this take-off. The mindset was that Silvio could replicate his receiving Swatch strategy in a rising market that experienced strong growth leads.
The two key elements of his business plan strategy was (a) the launch of a line of standardised and non-customised S001 and S003 elevators and (b) the local supply of materials and components. It had been eight months since he took up office and there hadn't been a single sale.