Create hypothetical organization offering product-service

Assignment Help Operation Management

Reference no: EM131781266

Create a hypothetical organization offering product /service of your choice. Identify a real potential competitor in the market.

Name your product/service as well as organization.

Write the mission and objectives.

Scan and assess the external environment to determine the strategic factors that pose opportunities and threats.

Scan and assess the internal corporate environment to determine the strategic factors that are Strengths (especially core competencies) and Weaknesses.

Analyze strategic (SWOT) factors to (a) pinpoint problem areas and (b) review and revise the corporate mission and objectives, as necessary.

Generate, evaluate, and select the best alternative strategy in light of the analysis conducted in step 5.

State how you are going to implement selected strategies via programs, budgets, and procedures.

State how you are going to evaluate implemented strategies via feedback systems, and the control of activities to ensure their minimum deviation from plans.

Guidelines

Before carrying out a SWOT analysis, consider the following guidelines:

Be realistic about strengths and weaknesses. When performing a SWOT analysis on your business, be neither modest nor overly optimistic.

Consider answers from the company’s point of view and from the point of view of customers, vendors, distributors, and others who do business with them.

Distinguish between where the organization is today and where it could be in the future.

Note that the SWOT is subjective. No two persons will come up with the same SWOT.

Reference no: EM131781266

Questions Cloud

Application for additional funding for current project : Four months previously Professor Grant's application for additional funding for his current project was approved.

Discuss corresponding debit to a deposit expense or to asset : the corresponding debit to a deposit expense or to the asset that i do not have yet

What is the empirical evidence on the relationship : What is the empirical evidence on the relationship between volatility and the level of interest rates?

How were the lessons learned from katrina applied to sandy : Read this article located in the Waldorf Online Library. How were the lessons learned from Katrina applied to Sandy?

Create hypothetical organization offering product-service : Create a hypothetical organization offering product /service of your choice. Identify a real potential competitor in the market.

What is annualized volatility for the absolute rate change : Suppose that the following weekly interest-rate volatility estimates are computed: Absolute rate change! 3.85 basis points percentage rate change! 2.14%

What is the nature of a liquidating dividend : What is the nature of a liquidating dividend? How does the accounting treatment of it differ from a regular cash dividend

Concerning integrated marketing communication : Which of the following is FALSE concerning Integrated Marketing Communication (IMC)? Which of the following is FALSE concerning distribution channels?

Write essay on nfip is good pro management at federal level : Write a 3-5 paragraph essay on whether or not you believe the NFIP is a good pro management at the federal level.

User Account

All Pages