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3 pages/≈825 words
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Business & Marketing
English (U.S.)
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Strategic Planning - Medical Data Backup Company (Essay Sample)

Write a section for your strategic plan in which you add your strategies and tactics to implement and realize your strategic objectives, measures, and targets. Include marketing and information technology strategies and tactics. Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally. Finally, recommend actions needed to address ethical, legal, and regulatory issues faced by the organization, and how they can improve corporate citizenship. Organization is a Medical Data Backup Company. source..

Running Head: Strategic Plan
Date of Submission
Organization: Medical Data Backup Company
Strategy Objectives
Medical Data Backup Company strategic objectives are; improving quality of service and ensuring customer satisfaction, to increase the profits by 30 percent annually, to increase the clientele base by 10% annually, and acquire the latest information technology systems in data backup and finally the leading corporation in data backup in the medical industry.
Marketing strategies
The following marketing strategies have been aligned with the overall business and strategic objectives.
Researching on new market segments- Medical Data Backup Company, will do research on potential market sections through research and development. The target markets will be corporations in the medical industry, and then proceeded by customized packaging of service and products for these markets depending on their needs. This marketing strategy will be done for 6 months.
Joint promotions strategy- The Company will also identify other corporations that offer different products and service to the Medical industry. This other corporations will not be competing threat to Medical Data Backup Company. Through this strategy the company will be able to reach to markets where they previously had not reached under minimal costs by engaging other non-competitors in joint promotions.
Products and service diversification- Medical Data Backup Company will also diversify their product and service offering by not only through data backup but they will also offer training their customers staffs on how to use various information technology systems at a low cost or at very low costs, the company will also offer installation of information system and software’s for their customers under the condition their customers partner with Medical Data Backup Company. This strategy will be ongoing until any further changes.
Information technology strategies
Medical Data Backup Company will use information system as a tool in enhancing its operations and also both in its marketing entry strategies and gaining of competitive advantage over its competitors by improving their customer service (Bakos & Treacy, 1986). The following information tech...
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