Reference no: EM133372697 , Length: 3 pages

Discussion 1: Prior to beginning work on this discussion, complete the Week 1 Pre-Test, watch the Simulation Overview Video Part 1, and the video from your Chairman Stan Sloan after you have logged into the simulation. In 150 words or more, what information or detail is important to add to a SWOT analysis in general? How can a complete SWOT help a company succeed? These thoughts should be qualitative and generic - not discussing/providing specific applications of how you may have gleaned competitive advantage (e.g., listing the SWOT components applicable to Hisco).

Journal: Include a cover page and 1-2 pages of reflection regarding what learnings you''ve taken away from the week''s activities, readings, videos, and other information you found noteworthy. Critically consider the challenges you faced in becoming familiar with the simulation, making operating decisions, and analyzing the Strengths, Weaknesses, Opportunities, and Threats faced by HISCO. Lastly consider how to apply lessons from Week 1 to your career field. Every job that you perform for your employer has budgetary and time constraints. Often choices have to be made about the quality of the project. There is only so much money that can be dedicated to your position within the company and the tasks that are assigned to you. Consider how budgeting impacts the work that you perform.

Week 1 Assignment: Prior to beginning work on this assignment, review the following through the Growing Your Business simulation, the Strategy video available in the Supplementary Review Materials through the Help section, read through the pop-up screen titled Thoughts as you prepare your Strategy that will show when you go to the SWOT and Strategy tab of the TriCorp simulation, read the Internal Emails, and read the Welcome on Board memos. Additionally, read The U.S. Medical Device Industry: Strengths, Weaknesses, Opportunities, and Threats, The Potential of Medical Device Industry in Technological and Economical Context, and Introduction to the Special Issue.

The final section that must be completed in the Growing Your Business simulation for Week 1 is your SWOT and Strategy. Your Strategy, in particular, should be guiding all of your decisions (in the corporate world one of the primary reasons business commitments are not met is the misalignment between decisions and strategy). This will be your compass when making decisions for your organization.

The SWOT and Strategy assignment,

Must be completed through the Growing Your Business simulation.
Must describe Hisco''s Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis) based on the information you have read.
In the Strategy section, must describe what your strategy will be for the next two to three years.
When you are done, click the checkbox at the bottom of the screen, then click Save SWOT and STRATEGY.
All the inputs have to have at least 50 words.