...Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals Dietrich Burton HCS/589 April 25, 2016 Kelly Imlay Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals In today’s paper we will discuss part II of our Strategic Plan for Sonexus Health A Cardinal Health Specialty Company. In this segment we will evaluate the significance and implications of an external environmental analysis in the development of a strategic plan. Next we will use the SWOT analysis and provide an assessment of Sonexus Health Care organization. In this section we will review how this organization will accomplish their mission, goals, and objectives for strategic planning. We will also evaluate how the organization will respond to internal and external challenges. And finally, we will incorporate our SWOT analysis findings into clearly stated goals and objectives for a 3 to 5 year period by focusing on the strategic plan areas. The purpose of an environmental scanning is to implement your findings into a strategic plan for our organization. This includes growing trends, the consumers that are being served and provide opportunities for improvement. “Definitions of the term abound, but in essence it refers to the means by which organizations gather information on changing conditions and incorporate those observations into a process where necessary changes are made. The right information, combined with the right adaptations, can determine an organization's...
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...Strategic Plan, Part II: SWOTT Analysis Stephanie Wooten Bus/475 December 12, 2011 Leah Raby Strategic Plan, Part II: SWOTT Analysis Analyzing the seven forces and trends will be on legal and regulatory, economic, competitive analysis, structures, innovations, technologies, and leadership. To critique how well the organization adapts to change. Analyze the supply chain operations of Sprong Security Financial Services. Identify issues and/or opportunities of the company major issues, to generate a hypothesis for each issue, research questions to use for conducting analysis. Identify the circumstances surrounding each issue, classify the issue, attribute the importance of each classification, and test the accuracy of each classification. Legal is appointed, established, or authorized by law; deriving authority from law (Definitions- Legal, 2011). Regulatory is restricting according to rules or principles (Definitions - Regulatory, 2011). The laws and regulations for an accounting service and the insurance are the HIPAA Law, to have a lawyer on retainer for legal business, and keeping updates on the new tax laws for federal, state, and local. The federal trade commission is very big in any business because they regulate how an advertisement is being published to the public. The advertisement has to be honest, positive, and to be able to back up what the advertisement have to say. The HIPAA Law consists of the privacy of each client, for their information...
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...Strategic Plan Conceptualizing a Business Part 1 Linda McKee BUS/475 June 25, 2012 Gene Foster I have a nephew who is autistic, and throughout his young life thus far I have searched for various programs and facilities that would enhance his learning ability. Now that he is an adult there are only a few places which offer continued life lessons and fun for adults with autism. Most of the facilities in the area are faced with little or no money for support. The government tries but has reduced funding to the nonprofit organizations because of the poor economic conditions. There is usually not enough staff to assist an individual with his or her special needs and must rely on donated time from professionals. Your loved one can be reduced to sitting around all day with no stimulation, interaction and no drive to go out and learn. The idea came that these adults needed some specialized training in how to make it in today’s life style. Life with Autism Programs and Facilities is the new organization I am introducing into the marketplace. In today’s society there are many families facing the dilemma of placing a loved one with autism who has become an adult in a comfortable and trust worthy setting while he or she has to work. When they were children it was a little easier because there is a more comprehensive effort for the younger generation because they are just starting life. Individuals with Autism need to have the opportunity...
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...Strategic Plan, Part II: SWOTT Analysis Integrated Business Topics/BUS475 Strategic Plan, Part II: SWOTT Analysis The purpose of this paper is a synopsis that the author will analyze seven of the forces and trends that Lusti Laundromat must take into consideration including economic, legal and regulatory. The author will describe how the company adapts to changes, and analyze the supply chain operations. By identifying the major issues or opportunities that the company faces with the synopsis, the author can generate a hypothesis surrounding each issue and research questions. The author will conclude by identifying the circumstances surrounding each issue, classifying the circumstances; attributing the importance of each classification; and test the accuracy of the importance for each classification. Strategic Planning is a tool the organizations use to concentrate its energy, to ensure that the workforce and all members of the company are working towards the same goal previously establish. The primary purpose of strategic planning is to assess and adjust the organization’s direction in response to a changing environment. Strategic planning is necessary to allow the firm to keep its competitive advantage, and that is what makes the difference on successful companies. For Lusti Laundromat, a coin laundry store in South Florida, the administration understand the importance of strategic planning to pursue the goals previously set and to make sure the workforce meets the standards...
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...Strategic Plan Part II: SWOTT Analysis University of Phoenix Adventure Cruises is a small ship company that specializes in active and luxury adventures that are designed to provide unique experiences and bring you up close and personal with destinations. With two upscale yachts that hold 35 guests each, cruising with Adventure Cruises is a truly intimate experience. The experience is active and full of adventure, yet in relaxed luxury. Destinations include the Mediterranean, Northern Europe, Tahiti and South America. The small yachts will bring customers to some of the most desirable destinations around the world, including big cities and hidden gems. And internal and external SWOTT analysis will be conducted to determine the factors that have an impact on the success of the company. SWOTT is an acronym for strength, weakness, opportunities, threat, and critical threat. The analysis is used to evaluate and then improve a company’s current situation. Internal features are examined to see the different strengths and weaknesses, and opportunities and threats are examined to reveal external factors facing the business. Once the analysis is complete, it will help Adventure Cruises determine what they can do to stay competitive and successful in the industry. The SWOTT Analysis involves Adventure Cruises answering numerous questions regarding their strengths and weaknesses as well as any threats and trends of the company. There will be assessments of influences...
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...Running head: Research Process Paper Research Process Paper University Of Phoenix RES 341 February 28, 2011 Amy Ginsburg Research Process Paper Some baseball fans think there is a correlation between the number of wins and its affect on attendance. This discussion will involve what the research process entails for the topic of the number of wins affecting attendance. This research discussion will describe the purpose of the research, define the problem, discuss why the research is important, propose three possible hypotheses, identify the variables, and define the problem in quantifiable measurements. Finally, what questions will the research answer, and the necessary steps to follow in the research process. Specific factors contribute to the collapse of some organizations and have an effect on each team when it concerns financials. Declining financials lead to higher ticket prices and the inability to attract players who, in turn, affect the win loss performance of a team. Researching the fluctuation with attendance levels at major league baseball games requires identification of the quantifiable measurements necessary to identify the variances between one organization and other. By using the quantifiable measurements, it enables understanding the differences of attendance levels at specific games. The quantifiable measurements analyzed during this process include team, league, age of stadium, stadium...
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...Business Model and Strategic Plan Part 2 SWOTT Analysis Paper Kyle Fox Integrated Business Topics BUS/475 April 11, 2015 Homayoun Jamasbi External forces and | | | | | | | trends considerations | Strength | Weakness | Opportunity | Threat | Trend | | | | | | | | | Legal & Regulatory | Providing reasonable care | Liable for loss | hire a great lawyer | everyone can | every hotel must abide | | | | of guest property | | potentially be sued | | | Global | potential to expand | some guests may | growth | Terrorist, Ebola, | | | | globally | not like theme | internationally | Risk of disease | Theme restaurantsAnd hotels are popular | | Economic | Lower prices than hotels | bad economy no | great theme | Recession, | bed and breakfast | | | Based upon smaller size | Revenue, smaller size | Easier to expand | unemployment | popular | | | And less overhead | Means fewer bookings, less income | Smaller size | | | | Technological | Website/mobile app | Hosting/ merchant | Worldwide | Denial of service | Websites and mobile | | | available 24/7 | account expenses | customer base | attacks, hackers | App dramatically Increase income | | | | | | | | | Innovation | JapanKoi Inn Application | Not unique in Asian | Theme-based | theft of tech | we are a technological | | | | markets | accomodations | | society | | Social | many social media | social media doesnt...
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...Table of Contents 1. Introduction 2. Tomorrow’s Car Wash products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service. 3. Mission and mission statement 4. Vision and vision statement 5. Guiding principles or values for my business. Culture, social responsibility, and ethics. 6. The vision, mission, and values guide the organization's strategic direction. 7. The organization addresses customer needs and critique how they achieve competitive advantage. 8. Conclusion Strategic Plan Introduction Tomorrow’s Car Wash’s (TCW) strategic plan for the present and future will entail significant goals and objectives the organization needs and wants. The name defines what the organization does which is promoting car cleanliness, but the mission and vision statement serves as our intent along with our ethics. TCW will address how we are cultural, socially and ethically responsible for our actions, the community, and our customers. TCW understands our customer's needs and will fulfill them while maintaining a competitive advantage over our opposition. Defining Tomorrow’s Car Wash mission statement. Differentiating your product or service Tomorrow’s Car Wash will provide customers with exterior and minor interior cleaning that will suit their needs. The services that my clients will receive begin in our tunnel. The cost for the washes ranges from five dollars to sixteen dollars. The...
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...Strategic Plan, Part II: SWOTT Analysis BUS/475 September 3, 2013 Strategic Plan, Part II: SWOTT Analysis A business owner needs to realize that while there is great potential to succeed there is equal potential to fail. One of the greatest factors of success or failure is external factors and how they will play a role in the operations of a business. In this paper there will be a definition of some external factors for the Guadalajara Mexican Restaurant and how well the restaurant adapts to these factors. Analysis of the supply chain of operations will also be taken into consideration along with the identification of other issues and opportunities that may occur. Economic, Legal and Regulatory Forces and Trends In regard to external social forces/trends, there are several forces that create an impact on the business. One is the grip of obesity on America has forced several individuals, especially young adults, to eat healthy and reduce their waistlines. As a result, one of the most successful fast food chains has not been McDonald’s or Burger King, but has been Subway (Subway, n.d.). With their attractive pricing and healthy options, Subway has been far more profitable where other restaurants and chains have faltered. Because of the health trends amongst the youth, it makes sense that these social factors of health conformity are a huge negative trend toward the restaurant. Because the majority of Mexican foods are high in fat due to the frying process,...
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...Strategic Plan Part II SWOTT Analysis Whenever someone starts a brand new company they will need to create a strategy plan that will give directions on how to build strengths, weaknesses, opportunities before the company comes out into the market world. If there is an understanding of the business SWOTT , it will help a lot the understanding and development of any strategy plan and it will Gide them to prepare for unforeseen problems that will come out with any internal and external environment. What the SWOTT analysis will do, will be to enable Jean's rare find books, to audit plan and focus on any key issues that will come out in the near business future. External Trends The external analysis of Jean's rare find books has pick external forces and trends, this trends will mainly consider the economy forces, the competitive forces and technological forces. Competitive analysis The purpose of the competitive analysis has been focusing on companies such as jean's rare find foods, competitors ray's books, and Blake's wholesales books warehouse and how the market has decreased in the past year. Ray's books has control 10% of the market and Blake 20%, Jean's rare is the one holding the competitive advantage over the others. This is because the company has programs set for high schools and colleges students, where they will be able to rent out any available books with different school codes and with the use of their IDs and not to mention good prices. Strength: They are offering...
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...Strategic Plan Part II SWOTT Analysis BUS475 Date Facilitator Strategic Plan Part II SWOTT Analysis The formation of a new and unique business requires a significant amount of analysis before the business can begin operations. The importance of conducting an internal and external comprehensive analysis serves to identify the internal strengths and weaknesses of the business model and the external analysis serves to identify the opportunities, threats, and trends that will impact the business. The information gathered during the SWOTT analysis is essential to ensure the sustainability of the business venture and the creation of a strategic plan. Economic Factors The current economic conditions in the United States and around the world will make obtaining credit more difficult, which will require an initial investment from the owners. Additionally, alternative funding sources such as supplier credit, and searching for capital investments will be necessary. However, because of the slow economy Kaizen will have less competition than in a thriving economy, which could translate into higher profits (Isidro, 2011). Legal and Regulatory Factors Legal and regulatory factors are cumbersome, but necessary in the restaurant business. Legal and regulatory compliance will be a significant part of the daily operations of Kaizen’s leadership team. As an employer it is necessary to ensure that wages are at least at the federal or state minimum wage level (depending on the state), tips...
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...Strategic Plan Part II Swott Analysis BUS/475 Ed Miller Strategic Plan Part II Swott Analysis Big Wheel Brewing is a new and innovative craft beer brewing company. Big Wheel Brewing is dedicated to bringing their customers craft brews of the highest quality. Big wheel beers are made for people who prefer quality over quantity. Taste is the most important thing when it comes to brewing fine craft ales. An internal and external analysis will be conducted to determine the factors that have an impact on the success of the company. A SWOTT analysis will also be conducted to determine the strengths and weaknesses of Big wheel brewing along with threats and trends in the brewing industry. When analysis is complete it will help Big Wheel brewing know what they need to do to stay successful in the brewing industry. SWOTT Analysis Conducting a SWOTT Analysis requires Big Wheel Brewing to answer questions necessary to properly evaluate the strengths and weaknesses along with the threats and trends. Assessment of factors that will play a role in profits and losses is imperative to how effective the SWOTT analysis will be. The internal factors such as marketing and advertising will play a role as well as external factors such as customer’s wants and needs. After figuring out what the company’s strengths and weaknesses are Big wheel must identify the opportunities that can be taken advantage of for future company growth, Trends in the beer industry such as the consumers every changing...
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...Business Model and Strategic Plan Part II: SWOTT Analysis Crystal Underwood BUS/475 July 14, 2014 Linda McKee NextEra Water |Strengths |Weaknesses | |NextEra Energy is already involved in the utility field of and is |NextEra Energy currently is not involved in the water utility field. | |familiar with the rules and regulations for providing utility |With other countries come new rules and regulations to follow. | |services. |NextEra Water will have to learn and abide by all international | |NextEra Energy has already expanded to Canada. Expanding NextEra |rules. | |Water to other countries will be easier for NextEra. |NextEra Water will have to fight to show customers they are the | |NextEra Water can grow to be an economic leader in the utility |economic leaders of the water utility industry. | |industry. |NextEra Energy is used to the technologies of the electric utility | |NextEra Energy growing technologically and will pass this knowledge |field, however NextEra Water uses all new technologies for the water | |onto its new division, NextEra Water. |utility field...
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...• Conduct an internal and external environmental analysis for your proposed business. • Use the information obtained from your internal and external analysis, as well as the lesson learned from the Considerations of a Strategic Plan: List assignment. • Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table. • External forces and trends considerations: • Legal and regulatory • Global • Economic • Technological • Innovation • Social • Environmental • Competitive analysis • Internal forces and trends considerations: • Strategy • Structures • Processes and systems • Resources • Goals • Strategic capabilities • Culture • Technologies • Innovations • Intellectual property • Leadership • Write a 1,400-1,750-word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following: o Include economic as well as legal and regulatory forces and trends. o Critique how well the organization adapts to change. o Identify issues and/or opportunities: o Identify the major issues and or opportunities that the company faces based on your analysis above. o Generate a hypothesis surrounding each issue and research questions to use...
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...Business Model and Strategic Plan Part I: Conceptualizing in Business Victoria N Wilbert BUS 475 December 1, 2014 Ryan Simpson Business Model and Strategic Plan Part I: Conceptualizing in Business Innovation is a money and time saver that will help an organization achieve a competitive advantage to grow and adapt in the marketplace. Innovation refers to implementing new ideas, creating dynamic products, and improving existing services. Businesses that innovate create more efficient work processes and have better productivity and performance. Innovation is the key to competitive advantage for a successful organization. Best Buy’s New Division and Product Innovation requires new ideas. Best Buy is constantly thinking of ways to keep its customers happy. Best Buy is now reaching out to the customers who want to give back to their community. Best Buy is creating a new division called Best Giving. This division's focus will be on helping others in local communities. The mission statement of Best Giving is “To give peace, hope, and help to local communities through the generosity of our loyal customers”. As part of Best Buy’s undefined mission statement “… a growth company focused on better solving the unmet needs of our customers…” (Strategic Management Insight, 2013), Best Giving is meeting customer needs by altering the rewards card program. The card will now allow customers to give back their earned rewards to a charity of their choice. Customers can choose what percentage...
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