This website uses cookies to ensure you have the best experience. Learn more

Week 3 Swott Table Essay

1375 words - 6 pages

• Conduct an internal and external environmental analysis for your proposed business.
• Use the information obtained from your internal and external analysis, as well as the lesson learned from the Considerations of a Strategic Plan: List assignment.
• Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
• External forces and trends considerations:
• Legal and regulatory
• Global
• Economic
• Technological
• Innovation
• Social
• Environmental
• Competitive analysis
...view middle of the document...

, will create an opportunity for people and families with the need for high energy, adrenaline packed adventures to access various outlets of thrill seeking adventures. Action Adventures will tap into opportunities such as; NASCAR adventures, Sky Diving, Hang Gliding, Wind Surfing, Surfing, Baja 1000 racing experiences, Off Shore Power boat racing, under water adventures (diving with Sharks), Open wheeled Indy Car racing, Drag Racing, Fighter Pilot adventures and many more thrilling adventures. Action Adventures will serve as the middle man in creating customer specific adventures for the thrill seeking enthusiast.
Action Adventures will mirror the general purpose of a travel agency. The vast difference being that Action Adventures will plan and seek out high energy action sports adventures for those that are more daring and seek a vacation of a lifetime. The market is currently saturated with individual operators that offer one specific extreme action sport adventure. Action Adventures will bring to together the enthusiast and the providers.
Strategic planning will determine the course of this new business. A strategy provides a framework for managerial decisions, reflecting a company's awareness of how, when and where it should compete; against whom it should compete; and for what purposes it should compete. (Pearce, Robinson 2004) As an owner of an Extreme Adventures, planning business strategies is the first thing, followed by the company's purpose. A mission statement will describe the purpose of the company, what services will be provided, the companies philosophy, and goals.(Pearce, Robinson 2004) The mission statement is a living statement and may need to be changed to meet the needs of changing times.
Once the mission statement has been formulated goals to be reached to accomplish the mission must be selected. Specific strategies and approaches must be implemented to reach each goal.
The company's internal and external environment needs to be assessed, and specific action plans to implement each strategy need to be identified. Once the plan is implemented it will need to be monitored and updated as needed. According to Pearce and Robinson 2004, a company should select long-term objectives and grand strategies that will achieve the most desirable options. Strategic management involves the planning, directing, organizing and controlling of a company's strategy-related decisions and actions. (Pearce, Robinson 2004)
The Importance of a strategic management & planning
In order for the company to succeed as a business it has to be well thought out and planned. In today's business environment a strategic business plan is indispensable due to the high failure rate of small businesses. It has been determine that small businesses without a business plan are most likely to fail. A strategic plan will define what the company is, and what it can and will become. Strategic planning will also identify how employees are expected to act,...

Other Papers Like Week 3-Swott Table

Qat Task 4.1 Essay

729 words - 3 pages Jane Doe 02/10/2014 QAT1 309.3.2-01-06 A. See table 1.1 attachment B. 1. Expected time to complete: * a= the optimistic completion time estimate * b= the pessimistic completion time estimate * m= the most likely completion time estimate The activities mean completion time is: t= (a+4m+b)/6 * Task A. (2+12+4)/6=3 * Task B. (5+24+13)/6=7 * Task C. (3+16+8)/6=4.5 * Task D. (10+44+15)/6=11.5 * Task E

ISCOM 424 UOP Tutorial / iscom424dotcom

576 words - 3 pages ISCOM 424 Entire Course ISCOM 424 Week 1 Individual Assignment Supply Chain Visual Representation ISCOM 424 Week 1 DQ 1 ISCOM 424 Week 1 DQ 2 ISCOM 424 Week 2 Individual Assignment Supply Chain Management Strategy Training Document ISCOM 424 Week 2 DQ 1 ISCOM 424 Week 2 DQ 2 ISCOM 424 Week 3 Individual Assignment Statement of Professional Ethics ISCOM 424 Week 3 Learning Team Supply Chain Complexities ISCOM 424 Week 3 DQ 1 ISCOM 424

Cru Computer Case

1750 words - 7 pages /14,405 = 55.5% * Average time spent by a unit in each buffer is the average flow time per buffer calculated in the table 1 * Revenue per week = 8000 x $30 = $240,000 * Variable cost per week = $25 x 1,000 + $25 x 1,000 + $4 x 700 x 0.85 + $150 x 405 = $113,130 * Contribution margin per week = $240,000 - $113,130 = $126,870 * Depreciation per week = (14,405 x $1000)/(52 x 3) = $92,340 * Depreciation/contribution margin = 0.73

Bus/475 Week 5 Paper

2827 words - 12 pages analyze these, a SWOTT table matrix has been completed identifying and describing the strengths, weaknesses, opportunities, threats, and finally the company  trends associated with each internal or external factor. The SWOTT matrix identifies Toro Financial's core competencies, but also identifies areas that should be utilized more using the resources available. An external factor is a force that is not the company itself but a factor that

That Are Involved

2554 words - 11 pages . Read Ch. 5 of International Business. Review this week’s Electronic Reserve Readings. Read the Week One Read Me First. 12/3/12 Participation Participate in class discussion. 12/3/12 4 Individual Globalization Questionnaire Prepare a comprehensive response to the following questions in 350 words, using APA bulleted format: • What is globalization, and what are some of the traditional international trade theories that support the concept

Week 6 Assignment Key

757 words - 4 pages Problems 6-1: Forecasting project completion (Ungraded) A project has been estimated to take six weeks and cost $130,000. Cost and percent complete data are provided in the table below through 3 weeks of the project. % scheduled data can be obtained from the Gantt chart following the table. Task | $/Task | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 | Week 6 | A | $5,000 | 100% | 100% | 100% | | | | B | $10,000 | 50% | 70% | 100

Strategic Plan Paper

4430 words - 18 pages with the proper execution of strategies will help to contribute toward the long term growth of the business. SWOTT ANALYSIS TABLE Factors | Strength | Weakness | Opportunity | Threat | Trend | External Factors | | | | | | Economic | Small amount of initial capital is needed; fewer funds are required for carrying out daily operations. | Unreliable growth of Internet business; Impact of global recession. | Great opportunity of creating a

Database Tutorials

646 words - 3 pages week’s lecture slides. To gain more understanding of the topics covered in this week review Chapters: 7.2, 7.3, 7.5, and 8.1 up to but not including 8.1.1 of your textbook. ASSESSABLE TASKS OF THE WEEK Objectives: * Further investigation of normalization * Practice writing SQL statements 1) The following table shows time spent by employees at various hotels. The Company# represents the company the employee is visiting at the

Change Management Paper

2139 words - 9 pages variety of locations, seasons, economic changes, and trends (Barrows, Kaplan, and Norton, 2008). Victoria’s Secret strategic plan and analysis should include the change management process, vision, mission, values, SWOTT analysis, balanced scorecard, and communication plan to steer from resistance of the business objectives. The scorecard is a visual of variables to consider what affects improvements may have on other areas of business functions

Functional Area Interrelationships

1144 words - 5 pages ). Hearst Communications, Inc. How to Identify the Key Positions That Support the Organizational Structure. Retrieved from Pearce, J. A. II, & Robinson, R. B. (2009). Strategic management: Formulation, implementation, and control (11th ed.). New York, NY: McGraw-Hill. University of Phoenix. (2013). Week Three supplement: Strategic Plan, Part II: SWOTT Analysis. Retrieved from University of Phoenix, BUS/475--- Integrated Business Topics course website.

Uop Bus 475 Entire Course

2967 words - 12 pages Responses) BUS 475 Week 1 Complete (With 3 Responses) BUS 475 Week 2 DQ 1 (With 3 Responses) BUS 475 Week 2 DQ 2 (With 3 Responses) BUS 475 Week 2 DQ 3 (With 3 Responses) BUS 475 Week 2 Strategic Plan, Part I: Conceptualizing a Business BUS 475 Week 2 Value Alignment BUS 475 Week 2 Complete BUS 475 Week 3 DQ 1 (With 3 Responses) BUS 475 Week 3 DQ 2 (With 3 Responses) BUS 475 Week 3 Strategic Plan, Part II: SWOTT Analysis BUS 475 Week 3

Related Essays

Product Offering Essay

1247 words - 5 pages possibilities are as big every customer needs and interest. * At the moment the company is making market studies and comparing prices, benefits and possible profits before change the home base from Puerto Rico to Florida as you can appreciate in Table 1.1 Strengths, Weakness, Opportunities, Threats and Tendencies (SWOTT). * * Table 1.1 SWOTT Strengths | 1. Custom Orders and large production 2. Made with a premium

Komodo Cross Fit Gym Essay

1075 words - 5 pages Table of Contents Executive Summary 3 Introduction 4 Community 4 Determination 4 Passion and Humility 5 Conclusion 5 Komodo Cross-Fit Gym Business Plan Darwin A Macklin BUS/475 June 11, 2014 Rob Thompson Komodo Cross-Fit Gym Business Plan Executive Summary As cross-fit gym owners, we are constantly striving to offer the best training to our clients. There are always lessons to be taught, by both the trainers and

Business Model And Strategic Plan Essay

5057 words - 21 pages Final Business Model and Strategic Tanja Baca BUS 475 April 13, 2015 Daniel Magnole   Table of Contents I. Executive Summary Pg. 3 II. Business Model and Strategic Plan Part I: Existing Business or New Business Division; Vision, Mission, and Value Proposition Pg. 4 III. Business Model and Strategic Plan Part II: SWOTT Analysis – Internal and External Environmental Analysis; Supply and Value Chain Analysis Pg. 9 IV

Swott Analysis

1964 words - 8 pages & systems of the company are very important to be handled much carefully. These affect the entire business process of the company. The firm can use effective technologies and business practices to improve its business process (Chary, 2006). SWOTT ANALYSIS TABLE |Factors |Strength |Weakness |Opportunity |Threat |Trend | |External Factors