Description
You work for a consulting firm whose primary objective is to help businesses improve their strategic operations. Your firm recently was hired by a newspaper company named Hoosier Media Inc. The client's print newspaper circulation and subscriptions have declined, resulting in 30% lower revenues over the last five years. Online ad revenues have increased but currently account for just 5% of the company's revenue. You have been tasked with providing a comprehensive internal and external analysis to help the firm improve its business operations.
Create a 700- to 1,050-word analysis that includes the following:
- Identify economic, legal, and regulatory forces and trends.
- Critique how well the organization adapts to change.
- Discuss the primary internal organizational considerations.
- Discuss the primary external organization considerations.
- Identify the major issues and/or opportunities the company faces based on your analysis.
Explanation & Answer
Attached.
OUTLINE
Introduction
Body
Conclusion
Reference
Hoosier Media Inc.
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Identify economic, legal, and regulatory forces and trend in Hoosier Media Inc.
For the success of Hoosier Media Inc. and an increase in revenue on both print newspaper
circulation and subscription and online ad, Hoosier will need an effective strategy. With an
effective strategy, Hoosier will be in a position to maintain its expectations. The exterior factors
include economic elements, legal, regulating elements, innovative and technological components.
Legal and regulatory factors work hand in hand with strategic business goals. Rules related to
information technology are set in an organization to offer safety by preventing unnecessary access.
The standards of Information technology are strict and inadaptable hence need for Hoosier to
analyze its rule’s standard change to avoid hazardous in the future. Hoosier Media need to expand
its process as thes...
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