Importance of Strategic Planning and Management in the Business Essay - 1

Importance of Strategic Planning and Management in the Business Environment Paper - Essay Example develop better avenues in the quest of finding competitive offerings that are thrown in line with the products which I would be making for my clientele. Perhaps it would be wise to use localized data so that the name choice for the bakery is appropriate with the customers’ desires. What is more important is the fact that the bakery could deliver the goods when it comes to building a relation with quality, taste and superior service in the first place, to its local customers. Hence this bakery would have a strategic plan in place and the four functions of management would be implemented within its reigns so that success could be achieved for the sake of the business. As far as the strategic planning and management of this business is concerned, the bakery must come about due to the mechanisms that have already been employed right from the very beginning. This bakery might be new to the business but the input should be given significance. If I want to do something different from the other bakeries in the business, I must be given room to maneuver my strengths that I have learned or acquired with the passage of time. I would understand that the selected target market is important more than anything else and looking after their needs would be deemed as quintessential from my bakery’s perspective. What is needed now is to comprehend the fact that research mechanisms are not only addressed in a proper manner but are also incorporated within the working levels of the bakery itself. This would greatly benefit the bakery which is on an upsurge with a new vision in the form of my management and planning skills. I would go for adopting a strategic plan as this is something upon which I can wrest my initiatives which I have already taken by now. This strategic plan would provide me a vision as to what my course of action will be and how I can maneuver my troops within the coming days. It will give me a better understanding of the resources that are available at my