BSBMGT616 Develop and implement strategic plansAssessment Task 2Strategic planning (Research & Project Plan)1.Formulate strategic objectives for the organisation (based on the Board minutes). As per the minutes prepared on the basis of board meetings of MacVilleenterprises following objectives were discussed and formulated for thefuture purposes. Patricia Mees CEO of the group company presentedvarious objectives which would be standard guidelines for the operationsof business enterprise as per the next five years plans. These are detailedas follows1. MacVille primary objective is to offer and administration coffeeespresso machines in each geographical location of Australian country.As per Java Estates delicate this would be top need that would include itsacknowledgment. This will be critical cooperation that ought to beoverseen at the most elevated amount.2. To expand overall revenues by 5% in the upcoming period time. Thetime frame given here for the expansion approach will be 5 years. Thisought to get implemented in factuality with expanded deals taking intoaccount while making better value transactions with providers of rawmaterials and other resources. Apart from that human resources in thebusiness organisation is motivated to achieve the desired task.3. To build the brand value of the group in the untapped geographicalregions in a time span of 5 years4. To reduce the overall wastes and reducing the abnormal wastesaccount to the extent of 10 %. Various guidelines and standards are to beformulated to achieve the desired goals and objective. 2.For each objective, develop and describe strategies that you think could be used to meet the objective in the future. After setting out various short term and long term objectives of thebusiness enterprise various strengths available to the business needed tobe united. Accordingly organisation has to view its external marketopportunities and utilise it to attain maximum output. Company cannot
provide its cent precent output until and unless there is totalcommitment from the employees of the organisation will be delivered.