Business plan to be developed for ToolsCorp’s strategic initiative

Business plan to be developed for ToolsCorp’s strategic initiative

Paper details:

The deliverable length is at least 4 pages (cover page and reference page not included). You are required to provide a well-researched and analyzed comprehensive response to every assignment question. Brief, vague, generic, or nondefinitive responses will not earn good grades.

This project requires a minimum of 4 scholarly sources, a minimum of 1 per page. For references, use the APA guide

Assignment

? An outline of the business plan to be developed for ToolsCorp’s strategic initiative

• The 1, 5 and 10 year strategic objectives & the outline of the business plan are still needed.

• With regards to the 1, 5 and 10 yr objectives, the 1yr should be to get into China and the 5 yr to expand into Western Europe, and the 10 yr to gain market share by moving into other markets.

• In addition, ToolCorp already has retail contracts with retailers like Walmart, Sams club, Lowes, and Home Depot, and Sears that are already nationwide that we can build on.
About the Company
ToolsCorp Corporation is a fictitious company that does exist anywhere. For the purpose of this Paper, it is located it in Tennessee. As members of the senior managementteam of ToolsCorp Corporation, you have been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorpCorporation. The purpose of this paper is to obtain permission from them to go forward with the next step .

Company’s Background.

ToolsCorp Corporation is a fictitious company that does exist anywhere. For the purpose of this course, it is located it in Tennessee. It builds power tools, lawn mowers, lawnfurniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers. They have sale papers inserted in every Wednesday and Sundaypaper. Although they have a thriving business in the United States and Canada, ToolsCorp is trying to break into the global marketplace.

Deliverable Length
The deliverable length is at least 4 pages (cover page and reference page not included). You are required to provide a well-researched andanalyzed comprehensive response to every assignment question. Brief, vague, generic, or nondefinitive responses will not earn good grades.
This project requires a minimum of 4 scholarly sources, a minimum of 1 per page.For references, use the APA guide
Assignment
? An outline of the business plan to be developed for ToolsCorp’s strategic initiative

• The 1, 5 and 10 year strategic objectives & the outline of the business plan are still needed.

• With regards to the 1, 5 and 10 yr objectives, the 1yr should be to get into China and the 5 yr to expand into Western Europe, and the 10 yr to gain market share by moving into other markets.

• In addition, ToolCorp already has retail contracts with retailers like Walmart, Sams club, Lowes, and Home Depot, and Sears that are already nationwide that we can build on.