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.
Develop a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the factors below.
- For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
- Include the SWOTT table in your submission.
- External forces and trends considerations:
- Industry Changes
- Legal and regulatory
- Global
- Economic
- Technological
- Innovation
- Social
- Environmental
- Competitive analysis
- Internal forces and trends considerations:
- Strategy
- Structures
- Processes and systems
- Resources
- Goals
- Strategic capabilities
- Culture
- Technologies
- Innovations
- Intellectual property
- External forces and trends considerations:
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.
Paper must be written followed by APA guidelines and at least 2 resources, add in-text citation as well.
Explanation & Answer
Hi there, I have just completed the assignment. Please find attached. it has been nice working with you. 😊
Running head: INTERNAL AND EXTERNAL ENVIRONMENTAL ANALYSIS
Internal and External Environmental Analysis
Institution Affiliation
Date
1
INTERNAL AND EXTERNAL ENVIRONMENTAL ANALYSIS
2
SWOT Summarizing Table
Internal Factors
External Factors
1. Strengths
1. Opportunities
➢ Established ready market
➢ Investment on online ads
➢ Training and development
➢Increased rate of spending in the economy
investment
➢ Low Inflation rate
➢ Market Expertise
2. Weaknesses
3. Threats
➢ Loss of Competitive
➢ Increased competition
Advantage
➢ Change of customer’s taste and
➢ Merging of firms with a
preference
distinct culture
➢ Lack of product
positioning
4. Trends
➢ Technological Changes in Print Media
➢ Changing governmental media policies
Economic, Legal, and Regulatory Forces and Trends
Hoosier Media Inc. was founded in the year 2011, and it is located in Burnettsville at 600
S Main. The estimated revenue for the company is 43,000 dollars. In the few past years, the
INTERNAL AND EXTERNAL ENVIRONMENTAL ANALYSIS
3
company has experienced a tremendous drop in the circulation of the print newspaper which has
lowered the revenues by 30 percent. However, the corporation has recorded a growth in online
revenues by 5 percent of the entire revenues. Political factors are the first consideration which is
concerned with national stability. The government is responsible for enacting laws through the
p...