BSBMGT616 Develop and implement strategic plans.docx -...

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BSBMGT616 Develop and implement strategic plansTask 11.Existing vision and missionVision Statement The vision statement of Australian Hardware is to provide products that meet the efficiency, reliability and sustainability needs of clients who, in turn, reward the businessprofits that will allow its stakeholders and the communities in which the business operates to prosper.Mission StatementThe mission statement of Australian Hardware is to become a national brand, and to accept an integral part of the hospitality industry, perceive as a key component in the success of hospitality establishments, both large and small businesses.2.Current approachesAustralian Hardware vision and mission is to formulate the new development plans and constantly innovating and raising the company standards of products and services and also trying new ideas and concepts frequently by complying with relevant legislation and regulations.Task 2Information Required from MacVille ManagementInformation Required from MacVille ManagementInternalMacVille Risk management frameworkRisk management strategyIndustry consultants reportVenture – financialsExternalFederal and international legislative changes to hospitality industryFair work updates and fact sheetNSW food authority department updatesInformation about efficient process for hospitality industryIndustry updates for hospitality industryPEST AnalysisPoliticalEconomicPlanned changes in trade where alltariffs on imported goods includingespresso coffee machines will beremovedinlinewiththeGovernment’s free trade policyThe strong possibility of a CarbonChanges in trade – tariffs on importedgoods including espresso coffeemachines will be removed in line withgovernment's free trade policy● The prediction of a strengtheningAustralian dollar against all our major
Tax being introduced on all energyintensive products used in acommercial enterprise – this mayaffect this organisation’s activities inthe futureFollowing laws and regulations fromAustralia and other countries● New laws effecting the hospitalityindustry both Australia and othercountries● License laws affecting the caféindustrytrading partners over the next fewyears will be a concern● Local currency exchange ratesaffecting the coffee prices ● Local economic environment fordifferent markets● General taxation issues both inAustralia and global context SocialTechnologyNew homes are developed where consumer espresso machines are experiencing high growthThe lifestyle trends towards eatingout more as the population ages andbecomes more well-offChanging work patterns could meanan increase or decrease in salesConsumer preferences of coffees orbuying patternsTrendy, style aware consumersNew commercial espresso machinesbeing developed that use 30% lessenergy to run with an innovative andmore efficient heat exchangerInnovative HR management solutionto speed up the delivery timelines

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