...SWOT and Strategy Evaluation Paper PHL/320 April 25, 2016 Chris Mendoza SWOT and Strategy Evaluation Paper In today’s world, smart phones has become a vital part of daily life as is having a internet at home and work. The Telecommunications Services has three sectors of business which include wireline, wireless and technology. With today’s globalization, most businesses have difficulty without the services of the technology. Although even today, smart phone usage does not account for the large numbers of families without direct access to the Internet. Due to reductions in price for usage and the ease of use from satellites and fiber optics, Internet now provides easy access to users all the over the world. The Telecommunication Industry (Telecom) is providing fast and easy access to Internet and other related services to everyone, including businesses, homes and access wirelesly. The various companies in this Industry are providing services through wired and wireless connections. The major U.S. companies are: Verizon, AT&T and Comcast. Japan based are Nippon and Telephone cooperation. Italy provides Telecom Italia and Telefonica from Spain. Broadband development is on the rise all over the world and in Nigeria it has become a new growth frontier for their nation’s economy (Azeez, 2016). The profitability of the organizations in this Industry depend on how it markets its services and efficiency of operations. The bigger providers are earning profits on a larger scale in...
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...SWOT and Strategy Evaluation Paper: Gambling PHL/320 07/21/2015 SWOT and Strategy Evaluation Paper: Gambling Fancy cars, extravagant vacations, expensive jewelry, and a bigger house; we all wish for these things and wonder how we will ever make them a reality. Growing up we all heard that ‘the grass is always greener on the other side.’ This is even truer as an adult since we all want something that we don’t have. To some people, gambling is the only way that dream will ever happen. All they need to do is win one more time or win just a little bit more money. However, most people will not stop at just one more time. It turns into a never-ending cycle. If it is used for the good of society it can be a completely healthy hobby that really adds to society. |Strengths |Weaknesses | |Gambling become socially acceptable |Large capital investments | |Key source of revenue for States |High debt-to-equity ratio | |Increased US tourism spending |Gambling addiction | |Increased casino hotel revenues |Gambling can lead to health issues ...
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...Effective Planning Step 1: What Is Your Strategy Strength? Reference “What is Your Strategy Strength?” on page 237 in Chapter 8. Managers practice differing strengths and capabilities when it comes to formulating and implementing planning strategy. Respond to each item as it best describes how you respond to work situations. There is no right or wrong answer. Interpreting your score will help identify your strengths and capabilities. This activity provides a valuable insight into your managerial skills and is a great way to prepare and begin Unit 3. You will apply this information as you write your paper. Step 2: Click to use the SWOT Analysis Diagram Template Use this diagram template as a visual representation of your planning strategy. Complete Steps 1–7, and insert relevant information into each component of the SWOT diagram. Please focus your attention on this activity. Some of the most valuable planning ideas can emerge when this type of diagram is used in collaboration and communication with other team members. Step 3: Write and submit your Assignment paper As you write your paper, integrate both the “What is Your Strategy Strength?” and your completed SWOT Analysis. How do you see your strategic strengths expressed in your SWOT? How can you compensate for your strategic weaknesses in your SWOT? Construct your paper with subheadings that connect to the key components of the grading rubric. Title your paper- “Applying SWOT Analysis for Effective Planning” Sub Headings...
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...Strategy development by using SWOT - AHP Dijana Oreski1 1 Faculty of Organization and Informatics, University of Zagreb, Pavlinska 2, Varazdin, Croatia Abstract –This paper employs combination of SWOT analysis and Analytic Hierarchy Process (AHP) in strategic planning for tourism of small mid-european city Varazdin, which is located in the north west of Croatia. SWOT analysis identifies internal and external factors which are prioritized by expert in tourism domain by means of AHP. The prioritized SWOT factors are used in strategies formulation using TOWS matrix. Results indicate that proactive communication strategy and isolation strategy with effective marketing promotional strategy were the best strategies that could have been implemented. Keywords – SWOT, AHP, strategy formulation. cases in the strategic management process. One of them is the SWOT analysis. This article explains the SWOT analysis, provides the theoretical background and an overview of the application of the SWOT analysis. As some authors have identified weaknesses of the SWOT, analysis is combined with a method for multi-criteria decision analytic hierarchy process (AHP) in order to avoid these disadvantages. Therefore, in the second part of the paper AHP method and SWOT AHP hybrid method are described. Following the basic steps method, SWOT AHP is applied to the example of the city of Varazdin strategic marketing plan definition. 2. SWOT analysis SWOT is an acronym of strength, weakness, opportunities...
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...A SWOT Analysis view of the software development industry Georgios Kormaris Department of Information and Computing Sciences, Utrecht University, Utrecht, The Netherlands gkormari@cs.uu.nl WWW home page: http://www.cs.uu.nl/ Introduction I n the past twenty to thirty years many changes and developments have taken place in the software industry which started off during the 1960s mainly in the United States of America and experienced a revolutionary boom since the 1980s, Steinmueller, (1995). There are many different ways and methods of developing software and planning the strategy of a software development company, as we can derive from many recent research projects. Most of these projects are usually concerned with the way that software is developed and not with the way that the strategy of the company as a whole is planned, Cusumano, MacCormack, Kemerer, & Crandall, (2003). Another important factor is which techniques and methods are used to analyze company’s environment and how the strategy is formulated and implemented. In this paper we analyze a popular method for strategic planning which has been mostly used for product portfolio planning and strategic planning on an abstract level, as stated in a research paper by Houben, Lenie, & Vanhoof, (1999). We will focus our interest in the software industry and base our research on the case study of the Austrian software industry as it is presented by Bernroider, (2002). Additionally, certain guidelines are...
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...Marketing Principles and Analysis MKT 305 Winter Quarter 2014-2015 Instructor: Bill Froese Office Location: See Blackboard Office Hours: See Blackboard Phone: 224-616-4789 Email: wfroese@robertmorris.edu Course: MKT 305 Quarter Hours: 4 COURSE DESCRIPTION: This course will introduce students to key marketing principles including the marketing concept, management of the marketing mix (product, price, place and promotion), analysis of the external environment, ethical issues in marketing, segmentation, targeting and positioning. This course examines how organizations discover needs or wants that they can serve in the market place. Upon completion of the course, students should understand and appreciate the significant role that marketing plays in our fast-changing global marketplace. LENGTH OF COURSE: 10 weeks TEXTBOOK: Boone, Louis E. and Kurtz, David L. Contemporary Marketing, 15th Edition 2013. Mason, Ohio. Southwestern/Cengage, 2013. ISBN: 978-1-111-57971-5 NOTE: Make sure you get the 15th Edition and not the 16th! There is also a bundled package including the Text with Blackboard MindLink for CourseMate and e-text access printed access code card. ISBN: 978-1-305-59157-8 Finally, you can get the Blackboard MindLink for CourseMate and e-text access printed access code card. ISBN: 9781285369488 Special Note Regarding CourseMate: CourseMate supplemental resources are bundled with the purchase of a new textbook. CourseMate can become...
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...Planning in Banking Performance: An Analyzing Examination Jia Li Abstract This paper explains the definition of Strategic Planning and how it is important in banking performance. As the comparison between Strategic Planning and Operational Planning, we get a general idea that Strategic Planning need to be considered and configured first when it comes to business planning. This paper also conducted a SWOT analysis to identify internal and external factors to eliminate risk of failure for a company. Introduction With the continuous development of the world economy and the trend in economic globalization, strategic planning has been attached into great importance and applied into various fields. Studies explain how strategic planning is related to financial performance, and Hopkins used LISREL analysis explained how people have never realized the gap between SP and Banking Performance (Hopkins pp.635-652). In this paper we will be analyzing the importance of having strategic planning in banking performance by SWOT analysis. Study Foundations First of all, what is Strategic Planning (SP)? SP is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources pursue this strategy. There are four key components in SP, which are Vision – what do we want to do, Mission – what might we do, Value – for whom do we do it, and Strategy – what should we do (Wiki). Vision outlines what the organization wants to be, or how...
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...Current Talent Management Function Jose A. Cortes Walden University Abstract When developing a talent management transformation many steps must be taken before implementing a strategy. One of those steps is to create a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. For the purpose of this paper, the 2010 Aaron’s Incorporated Form10K will be used to analyze and formulate twelve questions that will address the external and internal factors that comprise the analysis. These questions will be instrumental to the alignment of the talent management initiative with the organizational strategy. Current Talent Management Function Having a clear understanding of how a Human Resource (HR) transformation connects to the context of the business is paramount when designing strategies. Once the business leaders and HR professionals have established the needs measured against the business challenges they can design the strategies. Organizations must have the capability to deliver promises to customers. A key factor for this deliverable is talent. Companies must invest on securing candidates that are competent and committed. Ulrich et al (2009) stated that assuring competent employees comes as leaders buy (bring in new talent), build (develop existing talent), borrow (access thought leaders through alliances or partnerships), bounce (remove poor talent), and bind (keep the best talent). When it comes to managing talent, as in any other...
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...Environmental Scan Paper MGT/498 November 26, 2013 Environmental Scan Environmental scanning is an essential element in monitoring and analyzing trends that can affect an organization. A tool used as a part of environmental scanning is the SWOT analysis which pinpoints the Strengths, Weaknesses, Opportunities and Threats of an organization. This paper will present a SWOT analysis of three companies from three different industries, Starbucks Coffee, southwest Airlines and Wendy’s Old Fashion Hamburgers. In addition to the SWOT analysis there will be information regarding the company’s competitive advantage, strategies used, how value is created by each company along with the measurements guidelines used to verify strategic measurements SWOT Analysis: Starbucks Coffee, Southwest Airlines & Wendy’s Starbucks Coffee, Southwest Airlines, and Wendy’s operate in three different industries, something each company has in common is utilizing as a tool the internal and external environments based on the SWOT analysis. Starbucks Coffee began as a single store in Seattle; now, the number one coffee chain in the world located in over 62 countries with 18,000 stores. In order for Starbucks to have its current success and continued success a SWOT analysis breaks down the favorable and unfavorable factors to determine the appropriate strategy to stay on top in the premiere coffee industry. The Strengths of Starbucks Coffee to name a few are the experience the...
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...Firm Research Donna Wright Strayer University Business Strategies and Proposals BUS 505 Dr. Evangeline Jefferson April 20, 2013 Firm Research Introduction The purpose of this paper is to examine Firm Research. In developing this paper concepts will be identified in the areas of describing a small-business line of business (LOB); determining which government procurement opportunity is aligned with the LOB using the Federal Business Opportunities Website; the firm’s current strategies and assessing the strategic success using financial figures or “soft” indicators as the background; providing a SWOT analysis to determine the internal and external factors in servicing the federal government and utilizing a gap analysis in satisfying the expected requirements; and creating an action plan to fulfill the expected requirements based on the gap analysis. According to ("SBA", 2013) the U.S. government is the world's largest buyer of products and services. Purchases by military and civilian installations amount to nearly $200 billion a year, and include everything from complex space vehicles to janitorial services and cancer research. In short, the government buys just about every category of commodity and service available. By law, federal agencies are required to establish contracting goals, such that 23% of all government buys are intended to go to small businesses. In addition, contract goals are established for women-owned businesses, small disadvantaged...
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...Sustainable Solutions Paper The shifting of a business with the help of information and technology will help companies like Family Dollar conduct their everyday business and make logical decisions when it comes to expanding around the country. How will Family Dollar utilize their existing system to help the business effective and efficient? The development of Family Dollar is its people, the systems they use, and the sustainable business they run. The purpose of writing this paper is to lay out a diagram that will let Family Dollar explore some strategies that are optional to help them nurture the cost added services for the next 5 to 10 years. The most imperative crucial point of the paper will include the Executive Summary and the systematic approach of Family Dollar and their business strategy. This will come from tools such as the general force analysis and detailed SWOT analysis. The general force analysis will determine the external environments and the Porter’s five forces will determine the external industry environment. The SWOT analysis will see the sights of their strengths, weaknesses, opportunities and threats of Family Dollar. The paper will also draw attention to Family Dollar’s strategy and how will bring into line the vision and mission of the company Executive Summary For more than 60 years, Family Dollar has helped and provided their customers with a lot of worth as well as expediency. Their wholesalers are able to keep their cost down which helps them...
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...Introduction Strategy and operation plans are both relevant business process for every company in the world. It would be necessary for managers of a company to study and analyze internal and external environment of a business and to make property decisions of business strategy and operation plans. Managers of a brand may require to review the performance of the company business times before, and use the resources existed to design a long term tactical plan which is appropriate. (Boddy, 2011) After the making of long-term strategy, the manager may also require to establish and short term operational plan, which is related to the business strategy. The procedures and process, which determined by the operational strategy, is in service of the future goal of the company. Further, the operational plans could have an influence on the development and expansion of the company. (Operational Planning, 2007) However, the business strategy and operational plans may demand update periodically in order to adapted in the protean business environment, and strategy processes may become valuable assets to keep the data up to date. The process is the operation that collects and analyzes data from both inner and outer of the business. (George and Hill, 2012) Two of the most worthy tools for the strategy process are SWOT and PESTEL analyses. The PESTEL analyze has a trend of data from external environment, and the SWOT analyze is tend to analysis internal elements. (Boddy, 2011) The...
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...Strategic Management Process Paper Strategic management refers to a set of managerial decisions and actions that determines the long-run performance of a corporation (Wheelen & Hunger, 2008, p. 3). It includes environmental scanning, strategy formulation, strategy implementation, and evaluation and control. The content of this paper will describe the components of a strategic management process and indicate why strategic management is needed in a company, furthermore, a description of how General Electric (GE) uses strategic management process in their company. Components of a Strategic Management Process The first component is environmental scanning, which is basically gathering information from external and internal environments to key people within the corporation. Its purpose is to identify strategic factors that will establish the future of a corporation. An easy way of predicting the future of a corporation is through a SWOT Analysis. SWOT is used to describe the strengths, weaknesses, opportunities, and threats for a specific company. The external environment consists of opportunities and threats (Wheelen & Hunger, 2008, p. 11). These variables happen outside the organization, which management has no control over. For instance, one company does not have the right to prevent another company of marketing the same product or service. Company A must strive to become better than other competitors. On the other hand, the internal environment consists of strengths...
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...Best Buy 47 of Fortune’s 500 Constance Bartram MGT 521 April 16, 2012 Louise Stelma A mutual fund manager looking to invest in Best Buy would want to know the strengths, weaknesses, opportunities, and threats (SWOT). This provides information concerning the health and stability of Best Buy. Conducting a SWOT analysis shows if the company is implementing strategies gained from a SWOT analysis. This can reveal Best Buy’s future existence and success. The mutual fund manager also needs to identify the external and internal stakeholders and how Best Buy meets the wants and needs of the stakeholders. SWOT The strengths of Best Buy include high brand recognition, affordable prices, special offers, convenient locations, and a strong online presence. Best Buy is large enough to afford marketing so that it can use prime time television and radio spots to reach its potential customers. The weaknesses of Best Buy range from impersonal customer service to costs of maintaining huge warehouses and stores. This year already Best Buy lost 1.7 billion. Recently Best Buy announced it is closing 50 of its stores and is planning to open smaller stores and work on a stronger online presence. This will help them avoid what happened to Circuit City and also help compete with Amazon (USA Today, 2012). Potential opportunities are new gadgets and electronics with the latest digital cameras, cell phones, video games, and new television models becoming more popular. If Best...
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...Work Culture and SWOT Analysis Work culture is the type of environment people work in, the way they interact with one another, the way they go about their work and practices undertaken in this environment. Some working culture is apparent at first glance while others are more subtle and slow to reveal. This paper will discuss how knowing your ideal work culture can help you in developing strategies and operational plans to achieve organizational goals, which competencies are essential in conducting a SWOT analysis, and how my competencies relate to the essential competencies for conducting a SWOT analysis. Ideal Work Culture in Developing Strategies Knowing my ideal work culture benefits my organization to achieve goals and allows me to achieve personal goals as well. According to University of Phoenix, my work culture results showed me to be leadership intensive, supportive, and well-resourced. I supervise my staff and influence my organization by being supportive and clearly defining jobs, goals and expectations. I am well-resourced, comfortable, and have a well-designed work place to complete high standards of work. As manager, I can determine the way that things are done in my organization and how to lead my employees to develop and achieve those goals because I am aware of the shared values, principles, traditions, and operations that take place in my organization. Once I determine which goals need to be achieved, I can develop a plan to achieve those goals either...
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