External analysis encompasses examining both environment

Assignment Help Operation Management

Reference no: EM131479148

External Analysis encompasses examining both the environment and the competition. (The competitive analysis portion of the external analysis is part of the discussion board topic on Porter's Five Forces.) When developing your responses to this discussion board topic, pay particular attention to the reading assignments that detail the different areas of investigation when conducting an environmental analysis.

Perform your own mini-analysis and reflection on the questions below in preparation for the assignment; it is intended that you will be able to take what you learn from this discussion and use it in your assignment in external analysis.

Share your thoughts and observations in a well-written posting. Include examples and comments about how specific environmental opportunities and threats impact StilSim Personnel.

What elements of each environmental area pose an opportunity or threat to StilStim?

Which environmental factors do you think are most significant? Why?

How might these environmental elements be mitigated or leveraged by StilSim?

NOTE: When exploring environmental factors, research information about national trends found in the real world, such as unemployment statistics, aging population, etc. When analyzing local environmental factors of significance, use information provided in the StilSim Personnel simulation. Remember to examine both levels of environmental impact (national and local). In your post report what you find and cite your references in APA style.

After you have posted your responses to the topic questions, review the thoughts of other students and respond to at least one classmate. Pose questions and offer ideas in responses to their posting(s). Do you agree with their comments? Remember that simple "Me too" and "I agree" responses do not count toward participation points.

Competitive advantage requires a strategic viewpoint that is often different from that taken by competitors, but can still be supported by solid analysis. (Learn from others, but formulate your own thoughts.)

Reference no: EM131479148

Questions Cloud

What is assembly-line efficiency : Bass Fishing Inc. assembles fishing nets with aluminum handles in an assembly line using four workstations. What is assembly-line efficiency?

The affordable care act has included managed care : The Affordable Care Act has included managed care as a method of controlling health care costs, especially with the Medicaid population.

Difference between from-to chart and relationship chart : Explain the difference between a from-to chart and a relationship chart, indicating when each chart is more suitable.

Compares can adopt as they grow and expand globally : Discuss the different organizational structures that compares can adopt as they grow and expand globally.

External analysis encompasses examining both environment : External Analysis encompasses examining both the environment and the competition. Which environmental factors do you think are most significant? Why?

Define strategic management as consisting of the analysis : We define strategic management as "consisting of the analysis, decisions, and actions organization undertakes in order to create-sustain competitive advantage

Construction trade : Cecil Hill was in the construction trade. Should Hill be allowed to avoid liability on this basis? Why or why not?

Managers need to understand the rules of the game : Managers need to understand the rules of the game, particularly the laws, governing domestic and international competition around the world

Transaction-economic-translation exposure can be measured : Describe the different ways that transaction, economic and translation exposure can be measured.

User Account

All Pages