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Unit 2 Ip2 –Managing Resources & Operations

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Submitted By mstiggr222
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Pages 6
Abstract
This report will address the decision that PPQ has made in regards to developing a strategic management plan for expansion purposes. Additionally, this report will consider the following information; environmental scanning of the current conditions in the selected country of expansion, it’s economic and competitive environments, and it’s political stability. Moreover, this report will also address internal resource analysis as it relates to financial and managerial strengths and weaknesses. Also, long-term and short-term strategic goals will be listed. Finally, the benefits and limitations of expansion into a foreign market will be noted.

Managing Resources and Operations
Introduction
PPQ Parts is considering expanding internationally and is looking to develop a four year strategic management plan. A strategic management plan is essentially an analysis process in which external and internal environmental factors are evaluated in order to provide the foundation for upholding best management practices. These external environment factors include competitors and consumers, while the internal environmental factors include the business itself. The purpose for a strategic management plan is for the achievement of improved alignment of corporate policies and strategic priorities (Strategic Management, 2012). Environmental scanning is important because it is used to detect early indicators of opportunities and threats which may influence current or future plans.
Provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability, and so forth.
PPQ Parts is looking to expand its operations internationally. Their goal is to build 80% outside the United States. In order to do this they would need to assess their company, their competition, and their market. Additionally, they must also assess

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