PLANNING (DB) Essay Example | Topics and Well Written Essays - 500 words

PLANNING (DB) - Essay ExampleThe next step they have done is to make engross of the specific strategy and the organization uses the Porters strategy. The Porter strategy focus on the following the Broad scene strategy which includes cost leading strategy and the Differentiation strategy. VEHK focuses on its low cost producer in an industry for a given level of quality and for the development of a product or go that offer unique attributes that are valued by customers and that customers perceive to be better than or distinguishable from the products of the competition. As stated above one of the effective goal setting should have an agreement among the leadership on the values and beliefs that are the foundation of the strategical plan. To be able to implement a sealed strategy the project manager or the one handling the said organization should have a great belief and knowledge on the strategy to be implement. In Virgin Experience Hong Kong the leadership is important since i t is implementing the Porter Strategy which includes Strategy Leadership. It was also mentioned that in making goals the organization must pull in the current condition both inside and outside an organization before starting the formal strategic planning. VEHK analyzes first the situation of travel market and the condition of its environment.