Arambula Ceramic Tile This article will describe a new small business that is about to start. This document will outline strategic planning and management and why it is important for your new business to succeed. This document will also explain the four management functions related to creating and implementing a strategic plan. Mission and vision are very important in a company to achieve any goals and objectives. The way to find out if there is something wrong is to do a SWOTT analysis on the company to identify what the market situation is with respect to the competence. A business score card is also important for developing a strategic plan to achieve short- and long-term business goals. The above information will also be explained in this document. The small business is called Arambula Ceramic Tile and is a flooring store. This business sells ceramic tile, vinyl tile, carpet, laminate, wood flooring and also provides professional installation. Arambula Ceramic Tile intends to operate in the residential and commercial sectors. The plan is to sell and install flooring for all home builders in the area. But before Arambula Ceramic Tile you need to understand and practice strategic management and planning. Strategic management is a method of assembling and implementing several competitive actions to improve the success of a company or organization in the present and future. These competitive actions must arise from customer demand in the external environment and likewise in the company's internal capabilities to make important decisions. Decisions made by the company must be followed by an analysis of current business situations to ensure the best possible decision. Strategic planning is defined as determining the process requires achieving an objective that best utilizes available resources. For example in marketing, a strategic plan involves selecting target market segments, a location, within a product's market requirements such as price, features and distribution channels to name a few. There are four management functions related to creating and implementing a strategic plan and these four factions are planning, organizing, leading and controlling. Planning is defined as the core of the management functions, planning is the basis on which the other three functions are to be created. Scheduling can cause problems for many people in the company and even for managers.