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

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Snzr23

Business Finance

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Hello,

I have attached the assignment instructions as well as the assignment rubric in this post. This work must be original content and of original thought. The Company that I am choosing to use for this assignment will be Rooms To Go Furniture Company. If you have any questions please let me know, and I will do my best to help where I can:) Thank you very much for your help!!

PS: I have attached the rubric/guideline for futher assistance


Follow the instructions based on decision to complete the Strategic Plan

Strategic Plan, Part 1: Environmental Scan

You will perform an environmental scan for your target company.

Using the organization you chose in Week 1

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.

Unformatted Attachment Preview

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. Comments: Strategic Plan, Part 1: External Environmental Scan Grading Guide STR/581 Version 11 Content Writing Guidelines Met 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: # Comments: Comments: 2
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Explanation & Answer

Hello again today? Here is the complete paper

Running Head: ENVIRONMENTAL SCAN

1

Environmental Scan
Name
Professor Name
Unit
Date

ENVIRONMENTAL SCAN

2

Environmental scanning strategy
Environmental scanning is considered as the successful management key function that
works at a successful organization. Successful organizations encourage their managers to involve
themselves in scanning, which makes it a valuable tool that Rooms to Go Furniture leaders have
to learn more about. It will vigilantly monitor and evaluate its external and internal environment
for early signs detection of the threats and opportunities that will influence its future and current
plans. In the strategic plan, the environmental scan will help Rooms to Go Furniture increase the
understanding of its own external and internal environment factors that the company will use to
reach its long-term goals (Ebrahimi, 2016, January).
Rooms to Go Furniture will have to develop and maintain competitive advantage which
will be able to yield results that are in its favor. Gaining a competitive advantage measurement
will act as the guideline that will have to be implemented towards the cultivation of an effective
strategic plan and measure towards each plan effectiveness. Environmental scanning will help in
the research and description of the external and internal company reach of the company so as to
describe its external and internal environment of the development and each understanding of the
companies use and the environmental scan.
The competitive advantage and discovery will easily b...


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