Topic > Strategic Planning for Michael Dell - 841

Strategic Planning for Michael DellCan the strategic planning process be simply described as the current situation of the company? Where does he want to be in the future? How will he get there? Simply answering these questions is strategic planning. This process begins with analyzing the company's current position. Founded in 1984 by 19-year-old Michael Dell, it eventually began selling computers at low-retail prices. After a few years he began selling $50,000 worth of computers to local businesses. To his surprise, sales for the first year reached $600,000. Thereafter the sale doubled in each consecutive year. In 1985 the company began producing its own computers and after two years it was listed on the stock exchange. From PC's Limited it changed its name to Dell Computer Corporation. As the company expanded its portfolio of products and services, it changed its name to Dell, Inc. In 2005 it was included in the list of "Most Admired Companies". The company earned $3,572 million on revenue of $55,908 million. After expressing its vision and mission and determining its core values, the company must perform a detailed analysis of the internal and external environment to decide the appropriate strategy for the company. The company's internal analysis includes SWOT analysis. The company begins to analyze its main strengths, which make the company stronger in maintaining a competitive advantage, and its weaknesses that currently make the company vulnerable. Strengths and weaknesses are controllable factors, while opportunities and threats cannot be controlled by the company. The company's rapid expansion prompted Michael to hire a leadership team of experienced executives from well-known companies...... mid-level companies...... capable of meeting market needs and maintaining its reputation high . More focus is needed in the near future as the competition is intense and is likely to increase in a few years. Quote About Dell. 2014. 2014 published April 19 .Adams, steve. A strategic plan for a successful business: Dell as an example. 2011 on September 18th. 2014 June 19-April . saran, reef. Michael Dell presents business plans for the re-privatization of Dell. 2013. 2014 June 19-April .