Strategic Plan, Part 1: Environmental Scan-Tesla Company, business and finance homework help

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Follow the instructions based on decision to complete the Strategic Plan or Alternative Capstone Project:

Strategic Plan, Part 1: Environmental Scan

You will perform an environmental scan for your target company. (I have chosen Tesla Electric Car Company)

Choose an organization according to the following:

  • Place of business that you have patronized or have been familiar with over a long period of time.(I have chosen Tesla Electric Car Company)
    • 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.

Click the Assignment Files tab to submit your assignment.

PLEASE MAKE SURE THE ANSWER IS PLAGIARISM FREE AND MAKE SURE TO INCLUDE ALL REFERENCE AND CITATION TO SUPPORT WORK AND PREFERABLY BE ABLE TO VERTIFY FROM VALID ONLINE SOURCES. THANKS

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Strategic Plan, Part 1: External Environmental Scan Grading Guide STR/581 Version 11 Strategic Planning and Implementation Copyright Copyright © 2017 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Strategic Plan, Part 1: External Environmental Scan Grading Guide STR/581 Version 11 Edited in accordance with University of Phoenix® editorial standards and practices. Copyright © 2017 by University of Phoenix. All rights reserved. 2 Strategic Plan, Part 1: External Environmental Scan Grading Guide STR/581 Version 11 Individual Assignment: Strategic Plan, Part 1: External Environmental Scan Purpose of Assignment The final strategic plan is due in Week 6, but it begins with Part 1 in Week 2. Students begin by working on an environmental scan which allows students to dig into the environments of the company selected. Resources Required Selected Company Grading Guide Content Met Partially Met Not Met Total Available Total Earned The paper uses 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. • 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. . The paper includes a determination of how to create value and sustain competitive advantage through environmental scanning strategy. The paper includes an evaluation of the company’s external environment. The paper includes an assessment of the company’s general environment. The paper includes an evaluation of the organization’s industry operating environment. The paper is 1,050 to 1,400 words in length. Copyright © 2017 by University of Phoenix. All rights reserved. Comments: 3 Strategic Plan, Part 1: External Environmental Scan Grading Guide STR/581 Version 11 Content Met Writing Guidelines Met Partially Met Not Met 3.5 #/3.5 Partially Met Not Met Total Available Total Earned 1.5 #/1.5 5 #/5 The paper and presentation—including tables and graphs, headings, title page, citations, and reference page—are consistent with APA formatting guidelines and meets course-level requirements. The paper and presentation include properly cited intellectual property using APA style intext citations and a reference slide or page. The paper and presentation include major points that are stated clearly, organized logically, and supported by specific details, examples, or analysis. The paper and presentation include sentences that are complete, clear, and concise. The paper and presentation follow proper rules of grammar and usage including spelling and punctuation. Assignment Total # Additional comments: Copyright © 2017 by University of Phoenix. All rights reserved. Comments: Comments: 4
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Explanation & Answer

Attached.

Running Head: ENVIRONMENTAL SCAN

1

Environmental Scan
Institution Affiliation
Date:

ENVIRONMENTAL SCAN

2

Tesla Electric Car Company sought to enhance the transition to sustainable energy by
designing electric vehicles that would be better and more effective in the environment as
opposed to gasoline cars. The company aimed to deliver cars to the public with incredible power
and no gas emissions. Although the firm has been able to deliver its goals and objectives it has to
create value and maintains its competitive advantage. As such, Tesla has to use the
environmental scanning strategy to sustain its competitive advantage in the auto industry and
create value. This paper will describe Tesla’s external environment, the general environment,
and industry operating environment.
It is imperative to understand that an organization can create value by incorporating the
environmental scanning strategy into the general strategic plan. The environmental scanning
should part of the business objectives. In turn, the company can identify its external, general and
operating environments through scanning. Furthermore, scanning generates new ideas regarding
the firm’s environment. This allows for a company to be updated on what factors can affect its
successful operations.
Also, scanning provides an opportunity for the company to establish new ideas that can
be of assistance in achieving business goals (Pride, Ferrell, Lukas, Niininen and Schembri,
2015). Moreover, having knowledge of the environment allows the company to implement the
ideas discovered during scanning to move towards effectiveness. Therefore, by implementing the
new ideas, the company is already incorporating the scanning strategy into its strategic ...


Anonymous
Really helpful material, saved me a great deal of time.

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