Introduction Provide a brief and concise introduction which should: o Give a hig

Question

Introduction Provide a brief and concise introduction which should: o Give a high level, general overview of the strategy plan and its purpose. o Describe the organization for which the strategy plan is being proposed, including a brief overview of its business and the customer segments it serves. o Lead logically to the Vision and Mission statements. Mission and Vision Statements o Provide the clear and concise Vision and Mission statements that you have defined, as well as a brief description of the change required by the organization and how the Vision and strategy plan represent significant change from today

Explanation / Answer

Strategic planning is a organizational process which define any company strategy and take a quick decision in favour of organization by allocation of necessary resources. Its purpose to provide a organizational goal (Long term) and provide a objective (short term). Objective consists of day to day operation with follow up meeting. Foxconn, a leading mobile manufacturing company and world's largest OEM (original equipment manufacturer). Foxconn is manufacuring IPhone and having different plant location in USA,China and India.    Given below some strategic plan of Foxconn-    - Full utilization of factory manpower    - Optimum utilization of Resources - Provide Top class quality product to their customer - Volume Flexibility    - Product mix flexibility. Vision- To made the technology in every area easier faster and smarter. Product manufacture with right specification and they reach the right location based on the information. Mission- Foxconn’s strategic plan has always provide technological products that bring convenience to people’s everyday life Foxconn have to growth in the R&D of new products, technologies and applications. Foxconn should have to increase the production capacity with incresing demand of product. 5G technology is now a reality in future, Need to greater innovation and the development of business opportunities in this segment.

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