...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 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 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 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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...Business Model and Strategic Plan Part II: SWOTT Analysis Heather M. Weides BUS/475 March 30, 2015 University of Phoenix Garold Cole Business Model and Strategic Plan Part II: SWOTT Analysis The Nike Adjust will require a new division of Nike, Inc. to be formed which will provide customer focus specifically for those in need of the new product. The mission, vision and values of the Nike Adjust division will mirror and expand on Nike, Inc.’s current mission, vision and overall values while also adding to them. The specific mission statement of the Adjust division will be: Bring inspiration and hope to every individual in need of foot health help by providing the product necessary for them to become the athlete Nike, Inc. believes they all are. As with any new organization or division, a proper SWOTT analysis of Nike and the Nike Adjust has been completed. The analysis looks at several different areas including economic and legal and regulatory forces and trends as well as the Nike supply chain. SWOTT Analysis of Nike, Inc. In business, there is a strategic aspect used known as the SWOTT analysis. This analysis allows the organization to analyze the strengths, weaknesses, opportunities, threats, and trends of the business. Generally, the strengths and weaknesses will come from internal factors, whereas opportunities, threats, and trends seem to come from more external factors. Strengths For example, with the new Nike Adjust, there are many strengths this new...
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...Business Model and Strategic Plan Part II: SWOTT Analysis Paper Go To My Messages Apps Software Martha A. Badillo de Parra BUS/475 07/13/2015 Garold Cole Business Model and Strategic Plan Part II: SWOTT Analysis Paper Go To My Messages Apps Software The Goal: To provide a Software application that makes people’s lives and business less stressful and more flexible. Also this product has the goal to reduce costs for any business. Internal Strengths: What makes my division and product to excel among the rest of the similar products that might develop during the promotion and selling of the product? - Citrix Systems became committed into the software industry, and ever since it has transformed itself into a beacon and example for others to follow. Not only it was the pioneer on this particular area, but it also became the market leader. The company elaborates network access devices and software mapped to enable Personal Computers, IP phones, smartphones, and many other devices to securely access applications across wired and wireless networks. Better yet, Citrix Systems offers their customers the freedom to access their products virtually from a variety of hardware systems and from almost any location in the world -Economically this product it is not that expensive due the fact that Citrix is an expert on software. Creating updates for the software and improving it would not be a big disbursement of money. Software can be distributed in two types: for regular customers...
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...Strategic Plan, Part II: SWOTT Analysis BUS/425 03/22/2014 Gregory Kosicki External SWOTT Analysis Strength Weaknesses Opportunity Threats Trend Global | Only local so has no affect on global trend | Stiff competition when competing with global store | Being local in a major market affords opportunity for growth | Global furniture stores | Try to target the global market for globalization | Economic | Can grow economically because of the customer base | The cost in some states like NY is expensive | Getting located in NY provides growth opportunity | Loses because of not being currently in NY | Gain economic plans encouraging growth | Innovation | Encourage morale | The marketing strategy not being innovative enough | Being located locally allow noticability | Other store competition | Stay innovated as long as possible | Technology | Has a state of the art computers to maintain | If computers fail lose of info | Internet can endorse growth | The cost of technology can be expensive | Stay updated | Social | upholding humanity is employee motivation | technical management is not smart for a friendly environment | Good treatment to staff promotes productivity | technical management could have a bad affect socially | Treating worker good is a needed trend | Environment | Positive environment motivates emp | Weak social environment | Where the store is located | Global | Having reused items | Competition | One of a kind pieces | No marketing plan |...
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...Strategic Plan: Part II Strategic Plan: Part II * Organizing Actions is an organization that focuses on cleaning up and organizing businesses such as convenient stores and small-box retail chains. The reason for this service is to improve productivity and accountability for the managers. The business environment today has forces and trends that influence business decision-making and directional platforms. Individuals must determine how business strategies will continue to improve the mission and values of the overall organizational goals. Creating an S.W.O.T.T analysis is the important part of the strategic plan that paints a vivid picture on how the business may rank in accordance of internal and external factors. This table displays the strengths, weaknesses, opportunities, threats, and trends of Organizing Actions. * External Forces and Trends Considerations * Legal and Regulatory is an external force and trend because it provides an opportunity to the business by improving a more competitive position of possessing business licenses. * * 1. Legal and regulatory -Need for Organizer contracts & business license 2. Global- you can become popular and increase/decrease in popularity of vintage items 3. Economic - Poor economy may bring increased business 4. Technological- E-Bay selling- online software to track consignor inventory, sales and discounts. 5. Innovation- Update software- customer base for mailing- sales/discount/birthda 6. Social-...
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...Strategic Plan Part II: SWOTT Name BUS 475 Instructor Date Strategic Plan Part II: SWOTT SWOTT analysis is a vital system or tool utilized for anyone either before starting a company or even through the life of the company. SWOTT analysis allows a company to determine where they currently stand in the market they are in and where they can take their company in the future. Knowing the strength, weakness, opportunities, threats, and trends could be the difference whether the company or organization will succeed or be outdone by its competitors. On this paper a SWOTT analysis has been conducted to show the strength, weaknesses, threats, and trends that could impact the future of Power House Gym. Environmental Analysis There are various outside elements that could influence Power House Gym’s ability to reach it goals and accomplish the mission. In order to succeed Power House Gym will have to determine the proper strategy that could maintain the business. Studying the external environment about the business industry, competition, economic elements, technological elements, demographics, and so on could give Power House Gym an edge to continue succeeding move forward towards its goals. On the other hand internal environment is equally important since it analysis the inside aspects company’s operation, internal guidance and mission (Wise geek, 2003-2014). Performing an internal environment will allow for better understanding of the business operations such as marketing, production...
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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 Analysi University of Phoenix BUS/475 Integrated Business Topics Strategic Plan, Part II: SWOTT Analysis The SWOTT analysis is one of the most effective tools used by companies in forming a strategic plan. SWOTT is an acronym for Strengths, Weaknesses, Opportunities, Threats, and Trends that face a company. Managers can use this tool as a technique in creating a quick overview of their company’s strategic situation. Pearce & Robinson (2009) states,” It is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats).” This paper will analyze some external and internal forces and trends that could affect a new TruHealth Restaurant and Bakery. This will be determined from a created SWOTT table provided below. Each discussed force and trend will include one primary strength, weakness, opportunity, threat, and trend included in the table. The paper will also analyze at least seven forces and trends and how they pertain to TruHealth. Last the paper will discuss technology and competitive analysis, how TruHealth’s adapts to change, supply chain operations, and any significant issues and/or opportunities for this company. SWOTT ANALYSIS TABLE Factors |Strength |Weakness |Opportunity |Threat |Trend |External...
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...Running head: SWOTT ANALYSIS OF MEXICAN FOOD EXPRESS Strategic Plan Part II: SWOTT Analysis of Mexican Food Express Strategic Plan Part II: SWOTT Analysis of Mexican Food Express Mexican Food Express is one of the most important components under the Yum Brands umbrella of operation. By providing a Mexican inspired cuisine at budget prices, the Mexican Food Express brand has established a worldwide presence on 5 continents. This SWOTT analysis shows the various strengths, weaknesses, opportunities, threats, and trends that will impact the company in the future. With promising growth prospects in emerging markets, the company has implemented an aggressive plan to establish a dominating fast food throughout the world. This strategy poses several important risks and opportunities that shape the contents of the SWOTT analysis. Economic Trends Economic trends play a major role in the strategic decisions of Mexican Food Express. The brand has an ambitions global growth plan that is sensitive to economic changes. For example, the company reports that China and India are it’s main targets for new restaurant locations and expects see significant growth as economic conditions improve (Yum! Brands 2012). As income levels rise in these countries, it is expected that new franchise owners will be eager to implement proven restaurant concepts into the local community. In addition, higher incomes will provide greater opportunity for a loyal customer base. However, if economic conditions...
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...Sidi Asia Ndioubnan Strategic Plan, Part II: SWOTT Analysis Date: January 10, 2012 Class: BUS/475 SWOTT analysis is an acronym that stands for: Strength, Weakness, Opportunities, Trends and Threats. This analysis gives a company the chance to examine the internal and external factors that can help the company reach an objective. SWOTT analysis is commonly used tool by managers of many different companies to develop a well thought of strategic plan. In this paper I will analyze eight different internal or external forces and trends that could affect Ladies First beauty salon. The information used will be used to create a SWOTT analysis table, which will be featured below. Lastly, the paper will identify the circumstances surrounding each issue, classifying the circumstances, attribute the importance of each classification and testing the accuracy of the importance for each classification. SWOTT Analysis of Ladies First Beauty Salon As stated the in introduction, a SWOTT analysis is a step that should not be over looked when creating or developing a strategic plan because it’s important in simplified the process. The SWOTT analysis where the company has its chance to look at the strengths, weaknesses, opportunities, threads and treads; that are needed to keep the business successful. These elements of the SWOTT deal with the internal as well as the external dwells of the company. The internal elements deal with things happening within the company and the external...
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...Strategic Plan II: SWOTT Analysis Samitra Irabor BUS 475 February 25, 2012 Dr. Paul Sam Strategic Plan II: SWOTT Analysis The SWOTT analysis is one of the most effective tools used by companies in forming a strategic plan. SWOTT is an acronym for Strengths, Weaknesses, Opportunities, Threats, and Trends that face a company. Managers can use this tool as a technique in creating a quick overview of their company’s strategic situation. Pearce & Robinson (2009) states,” It is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats).” This paper will analyze some external and internal forces and trends that could affect the new proposed Spoiled Beautiful. The paper will analyze at least seven forces and trends and how they pertain to Spoiled Beautiful. Last, the paper will discuss how Spoiled Beautiful adapts to change, analyze the supply chain operations of the organization, and identify any significant issues and/or opportunities for Spoiled Beautiful. STRENGTHS | WEAKNESSES | Our STRENGTHS are: 1. Leadership 2. Innovation 3. Legal and Regulatory | Our WEAKNESSES are: 1. Technologies | OPPORTUNITIES | THREATS | Our OPPORTUNITIES are: 1. Social | Our THREATS are: 1. Competitive Analysis 2. Economic | TRENDS | Our TRENDS are:1.Social | The table above provides the strengths, weaknesses, opportunities...
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