...Environmental Scanning MGT 498 April 7, 2014 Environmental Scanning * To become and stay seccussful a company must be aware of their environment. It is essential for successful stretegic planning that the company perform environmental scanning to monitor, evaluate, and disseminate information from their internal and external environments to the right people who make the decisions (Wheelen & Hunger, 2010). Environmental Scanning is the process of gathering information (internal and external) to evaluate the company’s position. The evaluation is performed using the SWOT (strengths, weaknesses, opportunities, and threats) analysis. The SWOT analysis is divided into two parts, the first looks at the company’s internal environmental strengths and weaknesses and the second the company’s external environmental opportunities and threats (Wheelen & Hunger, 2010). Wal-Mart and Target are two very large successful corporations, who happen to compete against each other to provide quality products and services to people in their communities. Both companies use environmental scanning to help them gain the edge against the other. Top management, to make decisions about the company’s future, uses information gained from the scans. * Internal Environment * The internal environment is made up of the company’s own structure, culture, and resources (Wheelen & Hunger, 2010). When it comes to the internal...
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...MGT680-1302D-01 Strategic Management Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview David Lomidze American Intercontinental University Dr. Leland Taylor June 17.2013 Abstract This paper will address ToolsCorp Corporation’s attempt to penetrate the global marketplace and broaden the area of the operations and sales. Overall evaluation of the establishment and the environment and Toolscorp Corporation’s long term strategic plan development in early phase and its mission and vision statements will be defined. Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview Toolscorp Corporation ToolsCorp Corporation is the well-established organization that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges and located it in Tennessee. All products are manufactured locally and sold through large retailers as Sears, Best Buy, and Wal-Mart. They have some advertisement and although they have a greatly established and very promising business in US and Canada, ToolsCorp is trying to introduce its product into the global marketplace. In case of success Toolscorp will become one of the largest establishment in its field and will overcome its competitors in sales by gaining huge share of the marketplace that gives the Corporation great power of dominating the market. Mission Statement Nine essential components of the mission statement are Customers, Products or Services, Markets...
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...European Commission, DG Internal Market and Services Unit E2 STUDY ON THE ECONOMIC IMPACT OF THE ELECTRONIC COMMERCE DIRECTIVE FINAL REPORT | 7 SEPTEMBER 2007 Study on The Economic Impact of the Electronic Commerce Directive COLOPHON Authors Dr. Claus Kastberg Nielsen, Mr. Christian Jervelund, Ms. Karin Gros Pedersen, Ms. Benita Rytz, Mr. Eske Stig Hansen, Mr. Jacob Lind Ramskov Client Date: DG Internal Market and Services, European Commission 7 September 2007 2 Study on The Economic Impact of the Electronic Commerce Directive TABLE OF CONTENTS Executive Summary.........................................................................................................4 Preface 6 Chapter 1 Main findings............................................................................................7 1.1. Intermediary providers and certain online merchants have benefitted already.......12 1.2. Cross border trade and productivity growth.........................................................12 1.3. Contractual obligations in consumer contracts may hinder cross border trade......14 Chapter 2 The impact of specific provisions............................................................16 2.1. Limited liability provisions ..................................................................................16 2.2. E-contracts ..........................................................................................................23 2.3. Information requirement...
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