Individual Strategic Plan, Part II: SWOTT Analysis Conduct an internal and external environmental analysis for your proposed business (you can pick/create a business)
Discuss with your Learning Team the forces and trends below that must be taken into consideration while developing a strategic plan. Given todayâ€™s business environment and each Learning Team membersâ€™ selected business idea, provide a list of the lessons learned from your Learning Teamâ€™s discussion for each of the items listed below. Use this discussion to complete this 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.
â€¢ External forces and trends considerations:
o Legal and regulatory o Global o Economic o Technological o Innovation o Social o Environmental o Competitive analysis
â€¢ Internal forces and trends considerations:
o Strategy o Structures o Processes and systems o Resources o Goals o Strategic capabilities o Culture o Technologies o Innovations o Intellectual property o Leadership
Write a 1,400- to 1,750-word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following:
â€¢ Include economic as well as legal and regulatory forces and trends. â€¢ Critique how well the organization adapts to change. â€¢ Analyze the supply chain operations of the organization. â€¢ Identify issues and/or opportunities:
o Identify the major issues and/or opportunities that the company faces based on your analysis above. o Generate a hypothesis surrounding each issue and research questions to use for conducting analysis. o Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.
Format your paper consistent with APA guidelines.