MGT498 Phoenix Signature Assignment: Environmental Scanning

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timer Asked: Mar 4th, 2019
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Question Description

Purpose of Assignment

A strategic management plan addresses four different management functions: environmental scanning, strategy formulation, strategy implementation, evaluation and control. Weeks 3, 4 and 5 individual assignments (Part 1, Part 2 and Part 3) are integrated to generate a strategic management plan. The purpose of the Week 3 individual assignment is to evaluate the internal and external environments of a company selected by the student, to analyze the competitive advantage of the selected company, to evaluate a set of suitable strategies, and to examine appropriate metrics.

This assignment provides students an opportunity to research a selected company as if they were involved in a company's actual strategic management planning process. It allows students to see which management planning process and management plan the selected company is currently using, allowing them to measure the effectiveness of current strategies.

A Strategic Management Plan addresses four different management functions: Environmental Scanning, Strategy Formulation, Strategy Implementation, Evaluation and Control.

The Week 3, 4, and 5 Individual Assignments (Part 1, Part 2, and Part 3) are integrated to generate a Strategic Management Plan. This is Part 1 of the three part Strategic Management Plan.

Assignment Steps

Write a 1,050-word report in which you select a company you are familiar with or a company where you currently work, and do the following:

  • Evaluate the internal and external environments of your selected company using an environmental scan.
  • Analyze the competitive advantage of your selected company.
  • Evaluate the strategies your selected company uses to create value and gain competitive advantage.
  • Examine the measurement guidelines your selected company uses to verify its strategic effectiveness.
  • Evaluate the effectiveness of the measurement guidelines your selected company uses.

Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library.

Format your paper consistent with APA guidelines.

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Tutor Answer

NicholasI
School: Boston College

Hi, kindly find attached

Running head: ENVIRONMENTAL SCANNING

Environmental Scanning
Student’s Name
Institution
Date

1

ENVIRONMENTAL SCANNING

2
Introduction

Toyota Motor Company was founded in the year 1937 in Japanese and does the following
tasks: designing the vehicle models, manufacturing vehicles, assembling vehicles, along with
selling minivans, PSV cars, business vehicles, as well as the related parts along with accessories
mainly in Japan, Europe, North America, together with Asia. Its current brands are Toyota,
Daihatsu, Lexus as well as Hino. The Corporation is the auto manufacturer which is leading along
with being the 8th biggest company all over the world. As at 31st March 2013, the annual revenue
for Toyota Corporation totals to $213 billion as well as employed 333,498 people.
Evaluate the internal and external environments of Toyota Company using an
environmental scan
The organization’s internal environment is the primary element for a company. The
construction of an organization, as well as a society such as human relation, policies together with
procedures, staff experience along with skills, is critical rudiments for an internal structure. Several
examples for the internal environment include: Toyota's possessing strong relationships with its
suppliers, well-organized distribution system; well-experienced inventory specialists are in time
illustration for internal environment. The Toyota’s manufacturing system that is excellently
possessing excellent material as well as register control system that ensures it that levels which are
mechanized are highly trusted as well as admired by customers to fulfill their requirem...

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Anonymous
awesome work thanks

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