...Internal Forces and Trends Strengths Weaknesses Opportunities Threats Trends Strategy Providing reliable, low cost and fuel efficient automobiles that comply with health and safety environmental regulations Limited flexibility in processes Improvement in process’s are easily identified Strategies similar to competitors, need to identify Staying abreast of current technology trends Structures Stationary and mobile services Mobile units don’t possess many capabilities to serve Acquire space in optimal location Need more than one service location for customers Small Offices, (no big offices) backup operating locations Processes and Systems Value, quality and competitive pricing Data reliability New ideas to service client Drastic changes in process could deter major clients Cloud computing and Process improvement Resources List of local area business to target Small start-up budget Acquire better supplies Supplies may be limited due to many competitors Subject matter experts stay abreast of current resources needed Goals Attainable goals based on industry Fast growing threats and vulnerabilities To expand beyond initial goals as business grows Competitors may want to feed off of success Set short term goals to leave room for change in strategy Strategic Capabilities Service differentiation advantages Reputation not developed Acquire more satellite offices Corporations may be downsizing, creating less of a need for services Be prepared for more market demand Culture...
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...Strategic Plan II: SWOTT Analysis for McCain’s Fabulously Tasting Gourmet Food Truck Kimberly McCain BUS/475 February 23, 2014 Dr. Terry Hibbler In order for a start-up business to be successful, it should perform a SWOTT analysis which refers to strengths, weaknesses, opportunities, threats, and trends. SWOTT analysis is the process of management identifying the internal and external factors that will affect the company’s future performance. It is a planning process in which financial and operational goals are set for the upcoming year and creating strategies to accomplish these goals. The following are the internal and external factors that affect McCain’s Fabulously Tasting Gourmet Food Truck. External forces Legal and Regulatory Strengths Weaknesses Opportunities Threats Trends The food truck follows all sanitary practices in compliance with food handling. And is consistently examined for cleanliness and clearly posted. There are always new laws and regulations in regard to food handling. The business must continue to stay abreast of new regulations. The Food Truck has an excellent reputation due to cleanliness and adhering to legal and regulatory requirements, thereby allowing growth If the Food Truck should not comply with a new regulatory requirement, the fine could be stiff and decrease profit and stakeholder’s investments. Trending will involve keeping abreast of legal and regulatory requirements and ensure the Food Truck is up to...
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...Strategic Plan, Part II: SWOTT Analysis The Tamale Shop is a restaurant that allows customers the experience to enjoy tamales in an authentic Hispanic setting and the ability to try different types of tamales that are made fresh with natural and organic ingredients. The Tamale Shop offers its customers a variety of different types of tamales from chicken, beef, pork, cheese and vegetarian. In order for the Tamale shop to be successful a SWOTT analysis must be performed to identify the strengths, weaknesses, opportunities, threats, and trends that have an impact on the restaurant. However, before a SWOTT analysis can be done it is important to examine the internal and external forces and elements. There are many external elements that could have an impact on the Tamale Shop and their ability to achieve their long term objectives and goals. The success of the tamale shop relies on their ability to overcome any obstacles that are presented by external factors that include legal and regulatory elements, economic elements and competitive analysis. The legal and regulatory elements can help the Tamale shop achieve their strategic goals by giving managers a better understanding of the legal aspects of running and maintaining a business. Some of the legal issues that may arise for the Tamale Shop are health and safety codes, occupancy limits and restriction. Other legal and regulatory issues that could impact the Tamale Shop are handicap ramps, parking for the disable, and bathrooms...
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...Running Head: STRATEGIC PLAN Strategic Plan, Part II SWOTT Analysis Jennifer Jones BUS/475 Derek Webster January 23, 2012 SWOTT Analysis SWOT Analysis is an acronym to the internal strengths and weaknesses of a firm and the environmental opportunities and threats affecting them. Pearce and Robinson (2009). This type of analysis is used to analyze and evaluate an organizations current situation and environment. An internal and external analysis was performed on Super Diva Kid Spa, a proposed business venture. The analysis will cover critical areas essential for the growth and development of Super Diva. In the following synopsis, several internal and external forces will be discussed. Those forces include goals, resources, competitive analysis, economy, environment, legal and regulatory and culture. Additionally, major issues and opportunities Super Diva face will be included in this paper. Circumstances surround each issue will also be addressed. Goals When starting up a business, setting goals are essential to the growth and well-being of the company. Goals are internal strengths and forces that are observable and measure results. Goals can be described as short-term or long-term. Short-term goals are detailed, assessable and time specific. These types of goals involve a direct mission and are fulfilled in a short time frame. Long-term goals are those goals that take place in the future or within a timeline usually three to five...
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...SWOTT Analysis Brittany Baker BUS/475 March 2, 2015 Ryan Simpson Strategic Plan, Part II: SWOTT Analysis For The People (FTP) will be a brand that represents a lifestyle of success. FTP strives to develop a culture around the brand that represents the relentless pursuit of being successful, regardless of how the naysayers view or accept the success of the individuals who wear our brand. The management team at FTP will provide customers with the finest customer service and online experience in order to gain a competitive edge over its competitors in street style/casual clothing market. To gain a finer viewpoint of the company's present condition and to uncover a future prospects a SWOTT analysis has been conducted; regarding the different aspects such as competitive analysis, economics, socialization, culture, goals, etc. Competitive Analysis Competitive analysis plays a huge role in FTP’s marketing plan. This allows FTP to identify its competitors and evaluate their strategies to determine how its competitor’s products strengths and weaknesses are relative to its own product. This analysis will also establish what makes our product unique compared to our competitors, which will allow the company to play up its attributes in order to attract our target market. Once the competitive analysis has been completed, this will also show us how to position our product. The way we position our product is in the mind of the customer, something that is brought about by a combination...
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...SWOTT examination is a crucial device utilized for evaluating the elements both external as well as internal which have an influence over the company. My business should use SWOTT to assess its market standing regarding share of the market, competitive edge as well as complete feasibility. SWOTT examination offers a company with upgraded information about its achieved and achievable weaknesses and strengths, possible opportunities, dangers as well as risks and business trends. The main elements of SWOTT examination can be split under the headings of external as well as internal elements. This document describes an in depth evaluation of elements external as well as internal which can have an effect on the business of Bakery. Because of this evaluation administration of Bakery can evaluate the main elements which can influence the feasibility, establishing competitive advantage as well as stakeholders’ satisfaction for the company. A lot of outer elements will have an influence over Bakery’s ability to accomplish my objectives as well as goals. To be successful Bakery will need to find out an appropriate strategy which can maintain the business’s anticipations in real situations. The exterior factors include: legal as well as regulating elements, technological elements, innovation elements, economic elements, and socio-cultural elements. This element has the complete capability to help with a company’s strategic goal. Rules specifically involving information technology would...
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...The SWOTT Analysis conducted for York County Cab was conducted based on internal and external factors. The one primary strength that was decided was the fact that York County Cab is a new service to the York County area. This will be York County Cab’s easiest strength because it is the most obvious to the public. The one primary weakness that was identified was the fact that since York County Cab is a new service to the area, we do not have a customer list or repeat customers. Once we establish the customer list, we can then gain customer satisfaction. The one primary opportunity that was identified was the fact that York County Cab can expand our business. Since there are no cab companies in the immediate area currently, York County Cab can expand the business up to 50 miles. This is likely to produce our greatest ROI (Return on Investment). The one primary threat that was identified was if York County Cab comes across new competitors within the area, closer than a 50 mile radius. Awareness, planning, and implementation are required to meet these challenges. SWOTT Analysis for York County Cab | Strengths * Location of my business * New service to the area * Quality processes and procedures | Weaknesses * New business/service to the area * Gain customer satisfaction | | | Opportunities * Developing market * Expanding business * Provide other services | Threats * New competitors * Price wars with competitors * Taxation is introduced to...
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...tt Analysis Running Head: ENVIRONMENTAL ANALYSIS OF THE GREEN SHOP Environmental Analysis of the Green Shop SWOTT Analysis In business, SWOTT analysis that reflects company’s strength, weakness, opportunities, threats and trends also have great significance in accomplishing the objectives (Wheelan & Hunger, 2004). With the proper understanding of SWOTT analysis, organization will assess both the environmental factors i.e. internal and external that endlessly facilitate in attaining the pre-set objectives. External Forces & Trend Consideration In the ‘External Forces Analysis’ organic and natural health food shops the major forces included are the legal & regulatory forces, economic forces, competitive analysis and social factors. Legal and Regulatory Factors The legal and regulatory forces are very important for the business of organic food and natural health products. Human health is a highly sensitive issue for the company, so the legal regulation regarding this business is the license of human health administration to sale the food product (Wheelan & Hunger, 2004). It is necessary for the shop to get a certification and license of the nutrition available in the products (Bradford & Duncan, 2000). The legal and regulatory framework would enhance the capability of the strategy formation of the company with the inclusion of the varied legal and regulatory aspects of food and health products (Brown, 2009). Economic Factors The economies of...
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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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...Businesses face internal and external factors on a daily basis. They also face various aspects of internal and external factors to become successful. Internal and external forces as well as trends continually create a foundation for a business. The actions taken on these forces dictate the success or failure of an organization. A SWOTT analysis of an organization assists the organization in defining the potential and risks for a business. Acknowledging and acting on the potential or risks will also decide the future of an organization. H & R Block, Inc. faces several internal and external forces and trends that affect its business. The intent of this paper is to develop a synopsis of the forces, which affect H&R Block, how the company adapts to change, the supply chain of the company, and any issues or opportunities. Legal and regulatory practices are external forces, which are both a strength and weakness for H&R Block. The Internal Revenue Services (IRS) develops regulator factors that tax preparers must comply with. Recent developments include the elimination of the debt indicator information, which provides tax preparation firms and financial institution with advance notice if a taxpayer has any leans against his or her tax refund. The elimination of this tool will create a downfall for both the lenders and individuals. The elimination of this tool will hinder the lenders, as they will not be able to determine the client’s worthiness, resulting in lower approval rates, and...
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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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...SWOTT Analysis of Specialized Quality Solutions Rick McKelvy BUS/475 Integrated Business Topics May 5, 2014 Instructor: Scott Romeo A SWOTT analysis was conducted to analyze Specialized Quality Solutions’ greatest strengths, weaknesses, opportunities, threats, and trends in an effort to project and identify internal and external factors that may be favorable or unfavorable to achieving the company’s objective. The results of this analysis will be used to identify strategies required to create a firm business model and assist in the alignment or the organizations capabilities and resources to the business environment in which the organization operates. The analysis revealed several areas where forces and trends may have an effect on the organization. Economic: Businesses such as Specialized Quality Solutions are affected in large part by the economic environment including economic policies imposed by the government, business cycles and the general economic health of the nation. Opening a business in an area with a large number of aerospace and defense contractors along with becoming known for supplying hard to find, experienced and qualified personnel can be seen as a strength and an opportunity. Having the ability to fill positions requiring these qualifications would be better served in areas with a high concentration of aerospace and military facilities. With the uncertainty caused by government sequestration and downsizing of our military, the trend of many aerospace...
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...SWOTT Analysis Table External Forces and Trends Considerations | | Strengths | Weaknesses | Opportunities | Threats | Trends | Legal and Regulatory | Protect the organization with laws. | | | | | Global | Competitive market | Compete at a national level | Ability to expand | Larger organizations may cut costs | | Economic | Offer assistance to underprivileged | Higher prices may lead to less business | Base prices according to economic standings. | Competition may offer better assistance. | | Technological | Advances lessen cost of production increasing profit. | Harder to compete with advanced organizations. | Small businesses can handle advances easier than large companies. | Possibly miss on new advances. | | | Strengths | Weaknesses | Opportunities | Threats | Trends | Innovation | Ability to stay ahead of competition. | Difficulty to innovate. | Ability to offer new programs/services in order to bring new consumers | Behind competition in innovation. | | Social | Focus on demographics in locations. | Social media has a large affect on the business world and what companies are the best. | Ability to locate towns and cities that fit demographics of consumers. | Possible bad reviews easily accessible online. | | Environmental | The company is focused on the environment. Determine what times of the year are ideal to offer services. | During winter seasons there will be a lack of work due to snow. | Take advantage of the snow and offer plowing...
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...SWOTT Analysis Strengths • Offers new type menu not available in the area • Huge selection of menu items to choose from • Prices are cheaper than competitors • Customer service is high • Small overhead • Menu Flexibility Weaknesses • Restaurant is not established and new – no market presence or reputation • Cash flow issues in early stages Opportunities • Food conscious – healthier choices • Working with local farmers to supply organics products • Little competition in market Threats • Operating costs • High turnover rates for employees • Changing customer demands • Perception of product Trends • Healthy, organic food Introduction A restaurant owner who fails to plan plans to fail. Most restaurants will succeed, provided that their owners are determined, stubborn, and willing to take control of those variables that can be controlled. Changes in markets, competition, products, and customer perceptions are inevitable. Restaurants that can adapt to such changes because of foresight and careful planning will profit. A written business plan is helpful in so many ways that the time and effort to write and update it are trifling in comparison to the benefits it gives. Concept Organics is a unique concept. It will very easily fit into the marketplace. This health conscious concept is very desirable. Organics Salad and Sandwich Shop will be a low priced...
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...* Running head: SWOTT ANALYSIS PAPER AND TABLE SWOTT Analysis Paper and Table University of Phoenix Bus-475 James T. Sternieri SWOTT Analysis Paper and Table Scents & Things is therapies for relaxation, a store that provides customers with the tools and techniques needed for at home relaxation therapy. The stores provide a large range of products including at home salon services such as cellulite, cosmetic treatments, and reflexology, candles, aromatherapy, and perfume kits. All the products focus on achievement of obtaining a healthy balance of mind, spirit and body. With the applying of these products consumers who experience the feeling of being stressed from everyday life, including their busy jobs, and personal activities find the healthy balance and attain complete relaxation. This paper will describe how a company conducts a SWOTT analysis. The internal and external analysis of Scents & Things in relation to the organizations forces and trends such as; Economic, Technological, Strategy, Legal/Regulatory, Innovation, Structure, Resources, and Culture. This paper will also classify one primary strength, weakness, opportunity, threat and trend if possible for each of the factors. Following the end of this paper, a SWOTT Analysis Table will sum up the findings of the forces and factors relative to Scents & Things. SWOTT Analysis For Scents & Things to perform a SWOTT Analysis, the company has...
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