Strategic Management Plan
I’m behind on this course project, so here is 2 assignments I need done. please give these assignments all your efforts because I am failing. READ ATTACHMENT FIRST!!!!!!!!!!!!!!!!!!!!!! APA CITING!! MAKE SURE THE TOPIC IS ON A SUPER SMALL COMPANY!! LOCAL COMPANY IS THE BEST.
MODULE 2 ASSIGNMENT- THIS WHOLE PROJECT SHOULD BE ON A TINY COMPANY!!!
It is time to select a company for your Strategic Management Plan. In 1-2 paragraphs provide a brief description of the organization you selected and the reason why you chose that particular company.
MODULE 3 ASSIGNMENT- SWOT ANALYSIS
Strategy formulation requires an objective analysis of the factors that characterize the company’s strategic situation. There are a number of techniques that can be used to create a quick strategic overview of the company. SWOT analysis is an example of such a technique. SWOT analysis is based on the assumption that an effective strategy derives from a soundit” between the company’s internal resources (Strengths and Weaknesses) and its external situation (Opportunities and Threats). A good fit maximizes the company’s strengths and opportunities and minimizes its weaknesses and threats.
For example:
Positive Negative Internal Factors Strengths
- Technological Skills
- Leading Brands
- Distribution Channels
- Customer Loyalty
- Customer Relationship
- Production Quality
- Management
Weaknesses
- Absence of important skills
- Weak Brands
- Poor Access to Distribution
- Low Customer Retention
- Unreliable Product/Service
- Management
External Factors Opportunities
- Untapped Markets
- Technological advancements
- Mergers, joint ventures, partnerships, or strategic alliances
- Socio-cultural trends
- New Distribution Channels
Threats
- Changing Customer Tastes
- Closing Geographical Markets
- Technological Advances
- Changes in Government Policy
- Tax Increase
- Change in Demographic Structure
- New Distribution Channel
With the information above and other research, conduct a SWOT analysis on the company you selected. The format presented above should be used for your analysis.Then provide a 1-2 page narrative describing the analysis you conducted.
Note:
Please please please make sure the topic is good. I used verizon network and my teacher game a 0 and then I tried starbucks and she gave me another 0. SHe told me the companies were too large and I should use a local business. it HAS to be a small company/local company.
Small business such as a nail salon or local pet store