Strategic Plan Essay Example | Topics and Well Written Essays - 500 words

Strategic Plan - Essay Example In line with the company’s vision which is to be continually recognized as the innovative manufacturer of highly engineered electronic sensors through innovative research and development that would revolutionize the electronic sensor industry through its more productive, highly accessible and affordable products consistent with standards of excellence and social responsibility, the Electronic Sensor Manufacturing Company, has identified the following internal capabilities, as well as opportunities and threats in the external environment, eight years from now: Company facilities were improved concurrent with advancement in technology in the areas of machine shop, surface mount, testing, and processing using state of the art engineering equipment and facilities. Abiding by ethical standards continue to pay off in terms of better financial performance with employees exhibiting higher performance and productivity due to an environment of trust, employees are therefore more loyal c ontributing to low turnover, and a preponderance for higher investor loyalty, among others. Reliance on long term debts to fund research and development, as well as state of the art equipment and facilities could prove to have potential drawbacks in terms of the financial turmoil in the global