Strategic Plan, Part 1: Environmental Scan

I’m trying to study for my Business course and I need some help to understand this question.

***Continue with the same company as week 1 assignment***

Assignment Content

  1. Resource:
    Strategic Plan, Part 1: Environmental Scan Grading Guide

    You will perform an environmental scan for your target company.

    Choose an organization according to the following:

    • Current employer
    • Most recent or former employer
    • Place of business that you have patronized or have been familiar with over a long period of time.
    • Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not.
    • The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you may leverage in the future.

    Write a 1,050-word minimum environmental analysis in which you include the following:

    • Determine how to create value and sustain competitive advantage using the environmental scanning strategy.
    • Evaluate the company’s external environment.
    • Assess the company’s general environment.
    • Evaluate the organization’s industry operating environment.

    Format your paper according to APA guidelines.

Resources: Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic management: Competitiveness and globalization (11th ed). Stamford, CT: Cengage.

Get 20% discount on your first order with us. Place an order and use coupon: GET20

Posted in Uncategorized