...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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...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 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 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 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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...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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...focusing on ii. External analysis (EA): explain actual situation. Avoid theoretical situations. Don’t put “Ifs…” (If 1. Include actual implications and analyze the situation – need to provide data support! 2. Ex. The exchange rate is expected to be stable and because of this the funding could go down by this much iii. Internal analysis (IA) 1. It’s better to start with discussion of how organization has performed a. Ex. Under the family devt program, what are the success measures? How did the org fare? If they’re not doing so well, find out why! b. Success measures could be: Program accomplishments, number of beneficiaries served, how effective org has been (given limited funding), etc. iv. Identification of strategic issues 1. The most critical threat or weakness that needs to be addressed (or strengths that need to be maintained) - so we have to choose among all the threats/weaknesses v. Part II has to follow logically the analysis from Part I – continuity! 1. The strategic issues should be culled from IA and EA 2. “Because this is what was discussed in part I, these are our strategies…” II. Further discussion of Part II/Project a. Given IA and EA (inputs), this will be our output. b. Tools: SWOT matrix – need to present! i. Can come under Part I or Part II ii. Will enable us to come up with strategies 1. ST strategies 2. Strategies that can take advantage of O and address W, ETC…. iii. Choose combinations where it is feasible c. Components of part II (see powerpoint) ...
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...Strategic Plan, Part 1: Conceptualizing a New Business Strategic Plan, Part 1: Conceptualizing a New Business A strategic plan is vital to conceptualizing and developing a new business built for success. This paper is Part 1 of my strategic plan to open a new bar/restaurant in downtown Greenville, SC. I am currently one of 4 people that run a local adult sports league. The idea for opening this bar/restaurant stems from the fact that we have multiple sponsor bars that we send our 2000+ players to after sports and events. Opening a bar that is solely focused on the sports league players guarantees an already established client base. The bar will be called GSB- Greenville Sports Bar and will be different from most due to the fact that we will be catering our environment, food, and hours to a specific group of “bar-goers”. Mission and Vision A business’s mission statement, very simply, is the answer to why the company is in business in the first place. A company’s mission is “the unique purpose that sets a company apart from others of its type and identifies the scope of its operations in product, market, and technology terms” (Pierce II & Robinson, Jr., 2009, pp. 25). GSB Mission Statement: Greenville Sports Bar’s (GSB) mission is to be the premier bar/restaurant for all social athletes in downtown Greenville, SC. Our goal is to be a step ahead of the competition. We want our customers to have more fun during their leisure time. We will provide an inviting atmosphere...
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