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Strategic Plan Part Ii Essay

1150 words - 5 pages



Strategic Plan Part II: Swott Analysis
Sonia Elias
BUS/475
January 22, 2013
Robert Cantu
Abstract
Organizations in today’s competitive business world must include a strong and effective strategic plan. Elias Services must implement such a plan that will carry the business to new heights. This strategic plan must include a mission and vision statement that will describe what the company stands for. By using a helpful tool such as the SWOTT analysis, Elias Services’ strengths, weaknesses, opportunities, threats, and trends will be identified. Another successful tool that will be used will be the balance score sheet.

Strategic Plan Part II: Swott Analysis
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An effective strategic plan requires the evaluation of internal and external environments of a business. The SWOTT analysis makes the evaluation easier for businesses to be successful.
Elias services requires a Swott analysis to project to the company their strengths and weakness to give the company the opportunity to improve their needs and to better know how the company can have a better understanding of what need to improve or continue working with the same management.

External forces and trends considerations:

Strength
Weakness
Opportunity
Threat
Trends
Legal/Regulatory
Special licensing is required to function the company

Rental insurance for the building
Purchasing the rental building

The customers can easily sue in case of any serious problems caused by the products
New rules and regulations can make easy to do the work for costumers
Global
Reputation all over the state
Geographical Coverage
To open a new office
Need to check the area

Economic
Easily Affordable
Variety of services
Adaptability
Due to economic slump decreased in requesting of services
New product lines will be developed
Slump in economy means customers do not have an abundance of disposable income
Give the costumers better prices so they can afford them
Technological
Using better computers with the new software’s to improve the job
Lack of initial funding will result in renting the equipment
Adaptability to embrace new technology & incorporate it into the business

Innovation
Appeal for diversified customer
Marketing of the services to the diversified customers
Expansion by offering new services

Internal forces and trends considerations:

Strength
Weakness
Opportunity
Threat
Trends
Strategy
Appropriate location for the office
Easily accessible and approachable
Services for everyone

Best services at low costs
Successfully grow and expand by offering more than the competition
Better facilities at low prices for the customers

Structures

Process and Systems
Follow the process to not have problems with costumers

Resources
services are cutting edge
Updated and appropriate training to use the techniques and tool to all employees
value-added services

Goals
Offer good services
New competence for the business
Help customers with their need
Try to low the prices for the services
Try to get new services
Strategic Capabilities

Culture
Appealing to customers from different cultures

Limited finances

Ability to expand culture
Unable to meet all the cultures

Economic
Information regarding the services, tools and techniques, related income...

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