Make a Five Year Strategic Plan Term Paper

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goal of the five-year strategic plan is to be the market leader in the Asian market, to maintain the position in the North American market, and establish the product in the European market. At the same time Elite Inc. will grow as an international company, taking advantage of the free trade environment to establish factories in the most cost-effective locations. This strategy will ensure that the same product quality can be maintained while also seeking cost-savings. The expansion of Elite Inc. into more markets will allow savings per unit manufactured increasing the financial position. The greater variety of markets will allow Elite Inc. To absorb any adverse effects in one market, therefore helping to maintain steady sales and steady growth.

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Along with the companies wide product range and high quality this will ensure Elite Inc. remains competitive.

Elite Inc. will continue its current strategy in Asia, using the factory in the region to create the product at low cost and expanding the number of retail outlets in the region.

To increase supply, extra factories will also be located in Asia or other low-cost locations to take advantage of the low….....

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