Team Name________________
2018
Strategic Action Plan Progress Report
TABLE OF CONTENTS
I. Commentary
II. Strategic Issues
III. Action Plan/Progress Report 4-9
We express appreciation to the company (TOMTOM) we investigate and their great previous
achievements, our team members and the strategic Management Professor their continued
support of our efforts and persistent hardworking work as group. Your support has been an
essential part of this planning process. We are grateful to be members of such a caring group and
course.
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TOMO TOM 2018
STRATEGIC ACTION PLAN
PROGRESS REPORT
Strategic Planning
“Every Person Adds Value to Our Effort”
As a result of the survey and the emerging trends the team is actively committed to the following
strategic plan:
I. STRATEGIC ISSUES and PROGRESS REPORT
The process used for this strategic plan was based on the identification of key issues confronting
the TOMTOM Board. The Strategic Direction Team identified the following as the most significant
strategic issues confronting the company:
THE BOARD’S MOST SIGNFICANT STRATEGIC ISSUES, CURRENT PERFORMANCE AND
ACTIONS TO ADDRESS THEM
Issue 1) Philosophy, Purpose, Values, Vision Statement and Mission Statement, Goals and
Objectives, and Strategies, how did the corporation perform the past year overall in terms
of return on investment, market share, and profitability?
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II. ACTION PLAN/PROGRESS REPORT
Specific actions recommended for Issue I) Philosophy, Purpose, Values and Mission:
Responsible To Be Timing Updated Action
Action 1 Party(ies) Involved
Statement of Mission, Philosophy,
Purpose and Values will be
reviewed for formal audit and
affirmation. The Statement will be
formally endorsed and circulated
widely within the organization and
to the company stakeholders.
Responsible To Be Timing Updated Action
Action 2 Party(ies) Involved
Value statements
Responsible To Be Timing Updated Action
Action 3
Party(ies) Involved
Vision statement, Philosophy,
Purpose and Values will be
Responsible To Be Timing Updated Action
Action 4
Party(ies) Involved
Strategies
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Current performance and
profitability
Issue 2) Board of Directors and TOP Management In TOMTOM: Review & Comments on
corporate governance issues-------------------------------------------------------------------------------------------
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Responsible To Be Timing Updated Action
Action 1
Party(ies) Involved
Responsible To Be Timing
Action 2 Party(ies) Involved Updated Action
Responsible To Be Timing
Action 3 Party(ies) Involved Updated Action
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Responsible To Be Timing
Action 4 Party(ies) Involved Updated Action
Responsible To Be Timing Updated Action
Action 5 Party(ies) Involved
Issue 3) EXTERNAL ENVIRONMENT: OPPORTUNITIES AND THREATS: (SWOT): We believe
that
Responsible To Be Timing Updated Action
Action 1 Party(ies) Involved
Responsible To Be Timing Updated Action
Action 2 Party(ies) Involved
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Responsible To Be Timing Updated Action
Action 3 Party(ies) Involved
Issue 4) INTERNAL ENVIRONMENT: STRENGTHS AND WEAKNESSES. (SWOT):
Responsible To Be Timing Updated Action
Action 1
Party(ies) Involved
Responsible To Be Timing Updated Action
Action 2
Party(ies) Involved
Responsible To Be Timing Updated Action
Action 3
Party(ies) Involved
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Responsible To Be Timing Updated Action
Action 4
Party(ies) Involved
Responsible To Be Timing Updated Action
Action 5
Party(ies) Involved
Issue 5) ANALYSIS OF STRATEGIC FACTORS, STRATEGIC ALTERNATIVES
TECHNIQUES AND RECOMMENDED STRATEGY IF any but not finalized.
Responsible To Be Timing Updated Action
Action 1
Party Involved
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)
Responsible To Be Timing Updated Action
Action 2
Party(ies) Involved
Responsible To Be Timing Updated Action
Action 3 Party(ies) Involved
Responsible To Be Timing Updated Action
Action 4 Party(ies) Involved
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Implementation & Evaluation shall be continued
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