Assessment of the external environment

Assignment Help Business Management
Reference no: EM131053443 , Length:

Please read the assignment thoroughly.

Individual Report -

Scenario

- You have been contacted by the major shareholders at General Motors (USA) to provide an accurate and current analysis of their Holden subsidiary.

- Subsidiaries are a common feature of multinational corporations who generally organise their businesses into national and functional subsidiaries

- A subsidiary is a business/organisation that is completely or partly owned (major shareholder) by the parent organisation and thus the parent organisation normally controls the activities and policies of the subsidiary (therefore, Holden is the Australian arm of General Motors).

- So you are working as a consultant to suggest a new (internal, external or partnership) venture, (on an based analysis of the Holden subsidiary) which will create rapid growth.

- The report should be addressed to/written for the shareholders of GM.

It is recommended you complete an external, industry, competitor and internal analysis to identify a relevant opportunity. From your analysis you should be able to clearly identify the customer need and timing (opportunity).

It is suggested you used the following theories/ models to help.

#1: Analyse External Environment

Macro External Environment:

- Environmental factors that indirectly affect the organisation, such as government legislation, demographic and social trends.

- Comprises political, economic, socio-cultural, technological, environmental & legal environmental forces.

#2: Drivers of Industry Competition

Assessment of the external environment, drivers of industry competition and the competitor analysis provide a basis of information for the SWOT.

#3: Competitor Analysis

#4: SWOT
- Assess your organization's current position relative to competitors and potential customer needs
- Provides insights into market opportunities, threats and trends to optimize returns on investment
- Reviews your dependence and value attached to your supply chain as well as the sustainable nature of your competitive advantage
- Increases the likelihood of successful new product or service launches, partnerships developments and e?cient outsourcing

SWOT
1. Identify the strengths
2. Determine the weaknesses
3. Consider the opportunities
4. Locate the threats
5. Create a balance and holistic SWOT analysis

STEP 1

SWOT - Strengths - Internal Environment (now)

Consider:

- What do you do better than anyone else?
- Why should people purchase from you relative to your competitors?

Example: strong distribution systems

STEP 2 SWOT - Weaknesses - Internal Environment (now)

Reduce or ideally eradicate

Consider:
- What problems are frequently (re)occuring and possibility losing you sales/members?
- What could you improve that would directly affect your business performance?
- What are your financial weaknesses?
- What are your staff weaknesses relative to your strongest competitor?

Example: poor quality product or service reputation or recall

SWOT - Opportunities - External

Environment (future in the local, macro, & micro)

STEP 3 Prioritize or optimize

Consider:

- What changes can you best exploit?
- What are the competitor vulnerabilities that you can attack?
- What new markets could you enter or further penetrate?

Example: these could derive from changes in lifestyle behaviours

SWOT - Threats - External

Environment (future in the local, macro, & micro)

STEP 4

Consider:
- What external obstacles are you facing or might you face that would affect key elements of your business (supply chain, economic downturn)?
- What new legislation might damage current profitable success?
- What are your sponsors likely to do in the future?
- Could an of your weaknesses or removal of one or more of your strengths threaten your long-term future?

Example: new legislation may significantly increase your costs

Create a balance & holistic SWOT Analysis

STEP 5

The SWOT analysis now needs to be holistically considered. This means that balance needs to be created to ensure one quadrant does not dominate the process.

Consider:
- What strategies might we be able to implement to pursue opportunities that align with our strengths? (strengths Vs. opportunities)
- How can we overcome our weaknesses to pursue high-ranked or high-weighted opportunities? (weaknesses Vs. opportunities)
- How can we use out strengths to reduce the risks of our threats? (strengths Vs. threats)
- What mechanisms can we include to reduce the potential impact of our weaknesses, thereby avoiding the susceptibility to out most likely threats? (weaknesses Vs. threats)

Each category of the SWOT should be presented in the following way:

Strengths

The analysis does not feature in your assignment but may be used as a reference in your appendix.

Based on one of the identified opportunities in the SWOT analysis, you must provide a recommendation for new innovative venture development.

This venture must align with the core competencies of GM and aim to create rapid growth.

Recommended Report Structure

Introduction (to the report and identify the purpose)

Background of GM (this should be brief but identify the core competencies)

Recommended new venture proposal (give this section the title of your venture)
- Venture description statement
(including how this venture will be established and create rapid revenue growth)
- Marketing
(identify target market, market position, market share, your competitive advantage, & pricing strategy to penetrate & maintain the market to produce pro?ts)
- Operations
(the mode & general operations of the venture should be explained; all resources other than ?nance should be identi?ed here; consider the impact of the new venture on Holden/GM's current operations)
- Management
(identify the key people involved; & added assistance of consultants, directors etc.)
- Financials
(present & justify a budget; consider operations & stages of ?nancing; identify sources of funds)
- Critical risks
(analysis of foreseeable problems & suggest solutions - minimum 5 required)
- Harvest strategy
(outline the plan for continuity or disposal of the business; consider leadership & assets)
- Milestone schedule
(timetable or chart, with explanation, to demonstrate when each phase of the venture is to be completed; deadlines & milestones must be clear)

Summary

Appendix (if required)

Bibliography

I need a professional report, please give this work to well experienced person who can research and present well. Harvard referencing with in text citation.

- This is a 2000 word report (maximum)
- This report must be presented in a professional academi c report manner (cover page, table of contents, use headings/subheadings, include page numbers, be formatted with square paragraphs etc.)

Verified Expert

General Motors Holden subsidiaries’ analysis and the proposal of the new ventures to the shareholders .the Report is in APA format with the cover page, introduction, summary and the content of the analysis. The Report has been formed in the APA format .All the information provided in the report are correct and complete as per my knowledge.

Reference no: EM131053443

Questions Cloud

How did humankind meet the challenges of the impacts : Investigate two ways in which water shortages, erosion, water diversion, floods or contamination of a water resource, or other water processes have affected human history. How did humankind meet the challenges of the impacts?
Functional writing as used in linguistics : What is the meaning of the terms 'Functional Writing as used in Linguistics'?
Determine modulation index and frequency of upper sideband : For this circuit determine the Modulation index, Vc, Vm, fc (frequency of carrier), fLSB (frequency of lower sideband) and fUSB (frequency of upper sideband).
Export types of fruits and vegetables : Air transport is increasingly used to export types of fruits and vegetables to countries where they cannot be grown or are out of season. Some people say it is a good thing, but other people think it can't be justified. Discuss both views and give..
Assessment of the external environment : Assessment of the external environment, drivers of industry competition and the competitor analysis provide a basis of information for the SWOT - What external obstacles are you facing or might you face that would affect key elements of your busines..
Deal with conventional roles : In the story, "The Awakening" How does Edna's character fit into the conventional roles prescribed for women in 19th-century culture? How do women or men today have to deal with conventional roles of the 21st century?
Teaching writing skills in high schools : What are the Mechanics of writing as used in teaching writing skills in High schools?
Find the maximum price and output : A monopolist sells his good in a market where there is a continuum of consumers of measure 1. Eachconsumer buys either 0 or 1 unit (imagine the good is something like a washing machine? people donot need more than one).
Prepare journal entries to record the june : Prepare journal entries to record the June transactions. Include the Post. Ref. column and fill in using the account numbers listed in requirement 2. Enter the transactions in chronological order. For a compound transaction, if no entry is requir..

Reviews

Write a Review

Business Management Questions & Answers

  Chilean elevator imports

Chilean Elevator ImporsIntroduction to market and market potential

  Describe virtual team management and success

Virtual Team Management & Success that covers all the sections covered in the class. It is highly encourage to start developing your paper from week one. Your paper must be in depth and address the main areas of class objectives that

  Role of education and experience in development of leader

Discuss the role of education and experience in the development of a leader.

  Problem regarding the winning the bet

International Game Technology (IGT) is a leading manufacturerof slot machines and lottery machines for casinosand government lotteries. Headquartered in Reno,Nevada, with sales headquarters in Las Vegas, the companyalso maintains sales, manufactur..

  Differentiating male and female leaders in leadership styles

Do male and female leaders differ in their behavior and leadership styles in organizations?

  Explain the bounds of the family

Can the explanations of the "boundaries of the firm," as developed in this unit - be used to explain the bounds of the family.

  Total quality management

Total Quality Management to analyze a process

  Advantages of using voip compared to traditional phones

What are the advantages of using VoIP compared to traditional phones? What are the disadvantages? What switch feature is often used when implementing VoIP?

  Description of current outsourcing and offshoring activities

Details regarding the type of business that the company is engaged in. A description of current outsourcing and offshoring activities

  Describe the importance of the sales process in the lodging

Describe the importance of the sales process in the lodging industry. What role does prospecting play in a comprehensive sales and marketing plan? How can a lodging operation use prospecting as a sales tool?

  What general recommendations improving the ethical standings

Lecture on managerial ethics, criteria for ethical decision making also manager ethical choice.

  Guidelines offered by the caux round table

What differences and similarities exist between the guidelines offered by the Caux Round Table and White’s biblical principles? Use the Analyzing the Logic of an Article template to help in this analysis. What principles or guidelines are there

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd