Managers at each level of the organization use a type of SWOT analysis to identify strategies that will best position the company to achieve its mission and goals. The first step in a SWOT analysis is to identify an organization’s strengths and weaknesses that characterize the present state of the company. The next step requires managers to identify potential opportunities and threats in the environment that affect the organization in the present or possibly in the future. When the SWOT analysis is complete, managers begin developing strategies. These strategies should allow the company to attain its goals by taking advantage of opportunities, countering threats, building strengths, and correcting organizational weaknesses.
Use
the company and SWOT analysis you selected in Week 1 for this assignment.
Congratulations! You’ve been hired as a manager and have been asked to analyze the current status of your new company.
Review
your company’s SWOT analysis and other available sources to evaluate the strategic needs of the organization within a changing global environment. Use the
Wk 2 Apply Worksheet
for your evaluation.
Note:
This type of information is often found in the company’s annual report.
Submit
your assignment.
link for swot from week 1 https://library.phoenix.edu/MGT526r1/w1
Insert Title MGT/526 v1 Wk 2 – Apply: Organizational Analysis MGT/526 v1 Page 2 of 2 Wk 2 – Apply: Organizational Analysis Instructions Complete the worksheet based on your chosen organization. Use Business Source Complete and your selected company’s website, annual report, and other available sources. Part 1: Organization Information Organization Define your chosen company and its industry. Mission and Vision Identify the mission and vision of the organization. Mission Vision Organizational Initiatives Outline 1-2 major initiative for this organization. What are they currently doing to support these initiatives? Organizational Plans Describe the plans employed by the organization. Determine which types of managers create each type of plan. Type of Plan Description Type of Manager SWOT Analysis There are various factors within the external environment of an organization that impacts its strategy. Analyze the organization’s SWOT analysis. Identify the internal and external factors. Include a link to the SWOT analysis in the Reference section of this worksheet. Internal Factors External Factors Part 2: Evaluation Evaluate if the mission, vision, planning process, and SWOT analysis meets the current needs of the organization. Include the following in your evaluation: · Describe the unmet need, (not limited to product or service, can be new demographic, new mode of delivery, etc.). · Analyze your competitive advantages. · Based upon the SWOT analysis, is there another business that is doing something similar that can be referred to? Provide examples. · If there is not another business, describe how what you’re doing is a unique product or service offering. · Propose a competitive business initiative to address the unmet need. · Create a high-level timeline and operational steps necessary to implement your solution. References Include a link to the SWOT analysis. Copyright 2020 by University of Phoenix. All rights reserved. Copyright 2020 by University of Phoenix. All rights reserved. MGT/526 Week 1 Apply: Selecting a Company By: Kristen Keck Due: 7/20/2020 Instructor: Grey Scott Create an outline that conveys the following information Name of the company Dollar General Brief history of company Dollar General, an American company, was legally established in 1939 by Cal Turner and father J.L Turner. In Scottsville. The corporate became Public in 2009. The initial corporate was launched on June 1, 1995. The idea as not any product should incur more than a single dollar. And so the idea as successful and so other store were transformed. The corporate provides wide range of commodities which includes both consumable and non consumable products 3 resources where one can locate company which include journals, company websites, employees etc. Three resources of Dollar General Company Journal- Bloomberg Corporate website- www.dollargeneral.com Current employees- 143000 Define 1 new unique business opportunity the company can do to increase competitive advantage? Corporation can get competitive advantage by innovating things in the field of marketing and customer satisfaction by creating innovation technique in development of products. Identify function of management that is needed for this opportunity. Planning is the function of management which is required for this opportunity. Planning is the function of management which is pre-decided in advance to carry out operations. Planning will help Dollar General Corporation to create something new.