Individual Assignment: Strategic Plan, Part II: SWOTT Analysis
Conduct an internal and external environmental analysis for your proposed business.
Discuss with your Learning Team the forces and trends below that must be taken into consideration while developing a strategic plan. Given today’s business environment and each Learning Team members’ selected business idea, provide a list of the lessons learned from your Learning Team’s discussion for each of the items listed below. Use this discussion to complete this assignment.
Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the 19 following factors. For each factor, identify one primary strength, weakness, opportunity, threat, and trend, and include it in your table. You must include your completed SWOTT table in the paper with all analysis on 19 factors completed in all 5 areas of SWOTT. The SWOTT table does not count towards the required word count.
· External forces and trends considerations:
Legal and regulatory
· Internal forces and trends considerations:
Processes and systems
Write a 1,400- to 1,750-word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following:
· Include economic as well as legal and regulatory forces and trends.
· Critique how well the organization adapts to change.
· Analyze the supply chain operations of the organization.
· Identify issues and/or opportunities:
Identify the major issues and/or opportunities that the company faces based on your analysis above.
Generate a hypothesis surrounding each issue and research questions to use for conducting analysis.
Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.
Format your paper according to APA guidelines.