“External and Internal Environments”
External and Internal Environment (Corporation is Tesla)
Overview
In this assignment, you are to use the same corporation you selected and focused on for the Strategic Management and Strategic Competitiveness assignment.
Using the corporation you chose from the Week 3 assignment, Strategic Management and Strategic Competitiveness, examine the industry in which the entity operates. Use any or all of the following resources to conduct research on the company:
- Company website.
- Public filings from the Securities and Exchange Commission’s Filings & Forms page.
- Strayer University’s online databases.
- The Lexis Advance database.
- Other miscellaneous sources. Note: the company’s annual report will often provide insights that other resources may not include.
- Use the External and Internal Environments Template [DOC] to ensure that your assignment meets the requirements.
Requirements
Write a 4–6 page paper in which you do the following: - Choose the two segments of the general environment that would rank highest in their influence on the corporation you chose.
- Assess how these segments affect the corporation you chose and the industry in which it operates.
- Considering the five forces of competition, choose the two that you estimate are the most significant for the corporation you chose.
- Evaluate how well the company has addressed these two forces in the recent past.
- With the same two forces in mind, predict what the company might do to improve its ability to address these forces in the near future.
- Assess the external threats affecting this corporation and the opportunities available to the corporation.
- Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. Justify your answer.
- Give your opinion on the corporation’s greatest strengths and most significant weaknesses.
- Choose the strategy or tactic the corporation should select to take maximum advantage of its strengths, and the strategy or tactic the corporation should select to fix its most significant weakness. Justify your choices.
- Determine the company’s resources, capabilities, and core competencies.
- Note: Wikipedia and similar websites do not qualify as academic resources.
The specific course learning outcome associated with this assignment is as follows: - Analyze the effects of the general environment, competition, threats, opportunities, strengths, and weaknesses relative to a corporation.
- 1.
Week 6 External and Internal Environments Assignment
Write your introduction here. Include one paragraph (not more than 6 lines of text) that explains what your paper will discuss. Much of your introduction may be taken from the assignment instructions (in your own words).
2.
General Environment
In this section you will choose the two segments of the general environment that would rank highest in their influence on the public corporation you chose for assignment 1.
3.
Segment 1
This subsection is where you assess the first of the two segments of the general environment you think ranks highest in its influence on the public corporation you chose for the.
Change the subheading for this section, which currently says “Segment 1” to the name of the selected segment. Assess how this segment affects the corporation and the industry in which it operates. Remember that to assess a concept, you will weigh all aspects to judge the importance or relevance of that concept. Do not simply define the segment.
4.
Segment 2
This subsection is where you assess the second of the two segments of the general environment you selected. Change the subheading for this section, which currently says “Segment 2” to the name of the selected segment of the general environment that would rank highest in its influence on the public corporation
5.
Five Forces of Competition
In this section you will consider the five forces of competition and choose the two that you estimate are the most significant for the corporation you chose in assignment You will then, evaluate how well the company has addressed each of these two forces in the recent past. There are two subsections below, each has a heading. The heading “Force 1” should be changed to the first of the two forces of competition you select. The heading “Force 2” should be changed to the second of the two forces of competition you select. Replace this paragraph with a very brief introduction that includes the identification of the two forces of competition you selected.
Force 1
This subsection is where you evaluate the first of two forces of competition that you estimate to be the most significant to the corporation you chose. Change the subheading for this section, which currently says “Force 1” to the name of your selected force. Provide a thorough assessment of why you think the selected force is significant to your corporation. Evaluate how well the company addressed the selected force in the recent past. This will require some research. Remember that to evaluate a concept, you will break down all components to determine or analyze facts, value, or views.
Force 2
Choose another one of the five forces of competition that you estimate to be the most significant for the corporation you chose. This should not be the same force assessed in the “Force 1” section above. Change the subheading for this section, which currently says “Force 2” to the name of the selected force. This subsection is where you evaluate the second of the two forces of competition that you selected.
6.
Future Improvements
With the same two forces assessed and evaluated in the previous two sub-sections above, predict what the company might do to improve its ability to address the forces in the near future.
7.
Greatest External Threat
Identify what you consider to be the greatest external threat to the corporation you selected. The threat should be specific to your corporation. Justify why you consider the threat to be the greatest.
8.
Greatest Opportunity
Identify what you consider to be the greatest opportunity to the corporation you selected. The opportunity should be specific to your corporation. Justify why you consider the opportunity to be the greatest. Support your justification with an assessment of the impact the opportunity could have on the corporation.
9.
Strengths and Weaknesses
Give your opinion on the corporation’s greatest strengths and most significant weaknesses.
10.
Strategy or Tactic
Choose the strategies or tactics the corporation should select to take maximum advantage of the strengths you identified in the section above, and the strategies or tactics the corporation should select to fix the most significant weaknesses you identified.
11.
Resources, Capabilities, and Core Competencies
Determine the company’s resources, capabilities, and core competencies. Your determination should include an explanation of the relevance of each resource, capability, and core competency.
