Developing a strategic plan for selected business


- Conduct an internal and external environmental analysis for your proposed business

- Create a SWOTT table summarizing your findings from a self-analysis on the factors (Using the list below as an example) that must be taken into consideration while developing a strategic plan for your selected business

- Identify four (4) factors and for each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in a table

External forces and trends considerations:

• 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
• Leadership

Write a synopsis in which you analyze at least seven of the forces and trends from the list above. The analysis must include the following:

o SWOTT analysis table from above activity
o Economic as well as legal and regulatory forces and trends
o Critique how well the organization adapts to change
o Analyze the supply chain operations of the organization
o 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

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Strategic Management: Developing a strategic plan for selected business
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