Many companies struggle to develop a good competitive strategy and to set a clear direction for managers and employees. Strategy formulation, in fact, almost poses as many challenges for business leaders as strategy implementation. For this assignment, you are going to develop a strategy for your business plan.

• Choose your company/business mission and vision statement. Describe what it means and how this will help the company progress.
• Develop a customer focus plan.
• Describe your focus area - share where you want to direct the most effort.
• List your assets and resources that are available.
  • explain how to best utilize those assets and resources.
• Describe your broad plan for your organization and the concrete goals - how can you measure the progress?
• What management systems are necessary to operate?
• What do you need to get started?
• What hours will your business be open? Will it be brick and mortar business or brick and click?

(The business company idea is a food truck for southern quizine's)