Developing a full-blown business plan

Assignment Help Strategic Management

Reference no: EM133463840 , Length: 15 Pages

Assignment:

ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located in Tennessee. As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C). The purpose of this paper is to obtain permission from them to go forward with the next step (i.e., developing a full-blown business plan) for ToolsCorp's strategic initiative to break into the global marketplace.

Paper should discuss the following (at a minimum 15 pages):

A complete SWOT analysis (including at least 5 factors from each category and full explanations of why each factor is important and why it was placed in the category) of the environment that exists within ToolsCorp and the environment that ToolsCorp is proposing
An outline of the business plan to be developed for ToolsCorp's strategic initiative
A full mission statement that contains the 9 components and presented in a well-written paragraph
Key operating principles as you will apply them
A preliminary market analysis of the market(s) into which ToolsCorp expands
The 1-year, 5-year, and 10-year strategic objectives of the strategic initiatives presented as 1 strategic proposal for each time frame (3 strategic proposals in all), complete with implementation plans, potential ramifications, and feedback mechanisms
The additional material that your group considers necessary to support the case for going forward with ToolsCorp's global strategic initiative (this is not optional, but you must input additional material).

Background Information

ToolsCorp Corporation builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers that place sales papers inserted in every Wednesday and Sunday paper. Although ToolsCorp has a thriving business in the United States and Canada, it is trying to break into the global marketplace.

Reference no: EM133463840

Questions Cloud

Discuss operations management careers in business : Discuss operations management careers in business. Referencing Operations and Supply chain management by David A Collier and James R Evans.

Principles of evm to the pv versus diesel : Are you able to apply the principles of EVM to the PV Versus Diesel: A Cost-Benefit Analysis in the Nexus of Food and Fuel problem?

Do these companies compete intensely in automotive industry : Do these companies compete intensely in the automotive industry? If so, do they engage in rivalry and lower prices to gain market share?

How does the bible verse reflect diversity : How does the Bible verse reflect diversity? Explain how the Bible encourages you to respond to diversity.

Developing a full-blown business plan : The purpose of this paper is to obtain permission from them to go forward with the next step (i.e., developing a full-blown business plan).

How many different electric car buyers companies : Analyze the Bargaining Power of Electric car Buyers The fewer the buyers. the more pressure they may be able to put on your company to sell products.

Concept of time fences in the master production schedule : Explain the concept of time fences in the Master Production Schedule (MPS). Why are they needed? How might they vary from one organization to another?

What motivates employees is a key piece of management : What motivates employees is a key piece of management and a successful company. In the reading for this week, you reviewed motivation theories.

What can be major impacts of an e-commerce-loyalty program : What can be the major impacts of an e-commerce, a loyalty program, a mobile app, a program of opening new stores, a digital flywheel program.

User Account

All Pages