Introduction
Managing strategy is the core module of operations and partnership of the organization. Financial objectives and profitability depend on a limited budget that includes a long term business succession plan for Nippn mills co ltd. A dynamic and strategic operational level organization is based on a global level of experience that ensures the true vision of the business. Creating, developing and evaluating are a positive business strategy that indicates how a business organization can manage its operation. A corporate business strategy is important to develop a dynamic business plan for Nippn. Stability is another corporate strategy that is followed by a specific business company.
Component 1
Activity 1
Description of company’s vision and characteristics
| Vision | The vision of Nippn is to serve its customers with fairness and compassion. Nippn focuses on gaining effective trust from consumers and developing its strengths. The authority of the organization aims to maintain the satisfaction of its customers by providing effective quality products. | ||
| Quality | Evaluation
(high/low/moderate) |
Description and justification | Implication |
| 4Vs | Moderate | The management of Nippn provides an effective quality of products and services in terms of developing its future opportunities. Flour milling operations have assisted the organization in developing the varieties of products for instant noodles, bread, and confectionaries. In the operational process, the management of the organization has developed planning in order to develop visibility and volume. There are mainly four elements in 4 Vs such as visibility, variation, volume, and variety. Nippon has almost several mills nationwide such as Chibal Mills, Otaru, Fukuoka, Kobe-Konan, Osaka, Nagoya, and Yokohama. The management of the organization can supply its products and flour with consistent quality (Nakamura et al. 2018). There are also some other businesses operated by Nippn such as pet care and healthcare. | Visibility of a company’s aim, objectives, products, and services assist an organization in developing trust and brand value in the market. The quality of products supports the management of Nippn in developing trust with customers. A variety of products are essential in terms of providing effective customer services and maintaining the satisfaction level of customers. The management of Nippn needs to focus on the variation of products to expand its services and achieve the objectives of business. |
| SQFDC | High | The management of Nippn focuses on supplying high quality and safe products to its consumers and operating markets. There is a requirement for multiple attributes in a workplace for instance empowerment, stimuli, freedom, risks, teams, support, alignment, honesty, and communication. The management of Nippn has maintained honesty, freedom, support, and empowerment in its workplaces in order to develop its services and maintain the quality of procurement. The principles of Nippn rely on improvement and betterment. Effective work environment in Nippn has assisted the organization in developing its business practices and building a healthy relationship with suppliers. | Effective quality of products and healthy relationships with suppliers support Nippn in developing its business practices and expanding services in foreign markets. Trust is essential in a business in terms of developing customer retention. The number of customers has developed in the organization due to its healthy quality of foods and effective services (Jung et al. 2021). The management of the organization can develop its revenue and brand value through its effective and efficient business practices. |
Table 1: Company’s vision and characteristics
(Source: nippn.co.jp, 2022)
