M4-Assignment 2: Internal Environmental Scan/Organizational Assessment

In: Film and Music

Submitted By jesstsosie
Words 1140
Pages 5
M4-Assignment 2: Internal Environmental Scan/Organizational Assessment

http://homeworklance.com/downloads/m4-assignment-2-internal-environmental-scanorganizational-assessment/
M4-Assignment 2: Internal Environmental Scan/Organizational Assessment This section provides the opportunity to develop your course project. Conducting an internal environmental scan or organizational assessment, provides the ability to put the strategy audit together.
In this module, you will conduct a comprehensive assessment of the internal environment at your business unit or organization you are working with for this project, also known as an organizational assessment, and present your findings in a report. In your report, you should analyze the operating characteristics and assets of your business unit.
The SWOT model is one of the most common business tools used during organizational assessment. Another is developing a balanced scorecard based on a prescribed or planned set of performance objectives that will be measured and evaluated regularly. In this assignment, based on the external environmental scan you conducted in M2: Assignment 2 and the internal environmental scan in this assignment, you will develop a SWOT analysis and a balanced strategic scorecard. Part I: Internal Environmental Scan (2–3 pages)
The internal environmental scan or organizational assessment should include the following:
• Mission, vision, and values: Assess the organization’s understanding of the mission, vision, and values, and how they relate the business strategy. Is there consensus on the mission and vision of the organization? What are the shared values of the organization? What are the behaviors espoused by these values?
• Strategy clarification: Assess the organization’s understanding of the business strategy through the interview with a mid-level or senior manager. Assess his or her…...

Similar Documents

Environmental Scan

...Environmental Scan Jeffery McDonald MGT/498 Professor Thomas Hughes April 20, 2013 University of Phoenix Environmental Scan Environmental scanning is the monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the corporation. A corporation uses this tool to avoid strategic surprise and to ensure its long-term health (Wheelen & Hunger, 2010, p. 254). When scanning the external environment a company looks for opportunities and threats. The external environment involves natural factors, societal factors, and industry factors. These variables must first be examined. The internal environment is an organizational analysis of a company’s strengths and weakness. Understanding strength and weakness will allow a company to determine the opportunities they can take advantage of. The internal environment consists of structure, culture, and resources. Gathering information is the first process in strategic planning. It allows a firm to create value, and sustain a competitive advantage. Firms measure their strategic effectiveness by using measurement guidelines. This paper will examine the strengths, weaknesses, opportunities, and threats of Wal-Mart, the world’s biggest retailer. Wal-Mart Wal-Mart is a multinational retail chain headquartered in the Bentonville, Arkansas. The company was founded by business man Sam Walton in 1962. It quickly grew and by 1967 Walton owned 24 stores doing $12.7......

Words: 1289 - Pages: 6

Environmental Scan

...Environmental Scan Dwayne A. Haynes MGT/498 August 12, 2013 Michael Medoro Environmental Scan Internal and external environmental scanning helps shape strategic management and planning. Companies use business strategies to create value and secure competitive advantages. Measurements verify the company’s strategic effectiveness. This essay is a brief overview of the internal and external environmental scans, competitive advantage, value, and measurements used at Wells Fargo and Verizon wireless. Most of the supporting data are summaries from the Wells Fargo, and Verizon websites. Wells Fargo is a large financial institution with five strategic priorities: putting customers first, growing revenue, reducing expenses, living the vision and values, and connecting with communities, and stakeholders (Wells Fargo, 1999 - 2013). The Wells Fargo strategy includes cross-selling, (selling additional products), technology, customer-centric (focus on what the customer needs, not what Wells Fargo wants to sell), brand, and opportunities (Wells Fargo, 1999 - 2013). In the cross sell effort, Wells Fargo has detailed data on what products the customers are buying and the number of products per household. According to Wells Fargo (1999 - 2013), “We want all our wealth management, brokerage and retirement customers to bank with Wells Fargo. We want all our banking customers to think of us first for all their wealth management needs” (Our Strategy). The company......

Words: 1293 - Pages: 6

Environmental Scan

...Environmental Scan Paper Xxx xxxxx MGT 498 September 18, 2013 Professor xxxxxx xxxxx Environmental Scan Paper The vigilant monitoring and firm’s evaluations of internal and external environments to detect signs of early threats and opportunities that influence planning is Environmental scanning (Deresky, 2010). In order to help an organization understanding internal and external factors of the environment that they are requiring for their long-term goals, strategic planning is of the utmost requirement for them. In this paper, I will recognize and explore the situations of internal and external situations used to make these two organizations successful, Coca Cola and Apple. I will also examine the business plans used by the two companies that give them their competitive advantages and how their individual strategies are used to give them sustainability in the market place and increase their market strength through creative and competitive strategic business plans. The measurement guidelines is another avenue explored and how it is used to support the effectiveness for the individual organizations and the effectiveness of the measurement guidelines. This next process is to demonstrate beneficial knowledge for management that wishes to increase long-term efficiencies and develop strategic planning for current and future business endeavors. Dividing the organizations in 2 divisions; 1) The conditions, entities, events, and factors within an organization that influence...

Words: 1276 - Pages: 6

Week 4 Assignment 2: Organizational Risk Appetite and Risk Assessment

...Week 4 Assignment 2: Organizational Risk Appetite and Risk Assessment Abstract This report will touch on what is needed to prepare in case of untimely disaster and what should be done when the worse has happen and you need to recover. We will take a look at what the business impact analysis look like and the company risk assessment for our company and look for risk that can be handled and risk the most be avoided and try to come up with a plans and policies for how to handle all future risks and problems. ”Business Impact Analysis (BIA) determines the importance of the organization’s activities by assessing the impact over time, if they are interrupted, and establishes continuity and recovery objectives”. (Engemann & Henderson, 2012) When looking to make a Business Impact Analysis we need to talk a look at all the resources of our company and what they do for the company. Then we figure what each piece need in the event of a crisis and how long and how much money it will take to get back on line so let take a look at the most valuable piece of equipment and work our way to the most expandable piece of equipment. The first and most important is the 3 file servers which is the central storage and the managing of data files to the company. These servers house not only private information on the company but also customer information. This means if they are damage or found missing work is loss and vital customer data is either gone or in a worse case stolen. ......

Words: 2047 - Pages: 9

Environmental Scan

...Environmental Scan Paper MGT/498 November 26, 2013 Environmental Scan Environmental scanning is an essential element in monitoring and analyzing trends that can affect an organization. A tool used as a part of environmental scanning is the SWOT analysis which pinpoints the Strengths, Weaknesses, Opportunities and Threats of an organization. This paper will present a SWOT analysis of three companies from three different industries, Starbucks Coffee, southwest Airlines and Wendy’s Old Fashion Hamburgers. In addition to the SWOT analysis there will be information regarding the company’s competitive advantage, strategies used, how value is created by each company along with the measurements guidelines used to verify strategic measurements SWOT Analysis: Starbucks Coffee, Southwest Airlines & Wendy’s Starbucks Coffee, Southwest Airlines, and Wendy’s operate in three different industries, something each company has in common is utilizing as a tool the internal and external environments based on the SWOT analysis. Starbucks Coffee began as a single store in Seattle; now, the number one coffee chain in the world located in over 62 countries with 18,000 stores. In order for Starbucks to have its current success and continued success a SWOT analysis breaks down the favorable and unfavorable factors to determine the appropriate strategy to stay on top in the premiere coffee industry. The Strengths of Starbucks Coffee to name a few are the experience......

Words: 1155 - Pages: 5

Mgt 498 Week 3 Individual Assignment Environmental Scan Pape

...Environmental Scan Paper Kenneth Anderson MGT / 498 November 10, 2014 Rodney Greene Abstract In business, it is important to gauge internal business with external business. This process will provide an advantage for shaping the future of business. For that reason, the procedure of creating strategies will help by conducting environmental scans. Environmental Scan Designing and building on core values is a required strategy when an organization wants to keep a competitive edge over the competition. There are numerous strategies to pick from in business; a significant strategy is keeping an eye on needed changes and financial trail of record keeping. Furthermore, it is necessary for organizations to keep an outlook on what external sources are doing. It is imperative when acquiring information that defines what other organizations are doing to be conducted in an ethical matter. Committing unethical deception will cause organizational anarchy. The reason long surviving companies like Smart and Final last; is by removing possible dangers so change for the better will be obvious. Ultimately, legacies are built, and the organization’s reputation utilizes power and self-reliance. A thorough global analysis assessment must be completed during an environmental scanning of any organization. This assessment includes businesses, clients, markets, and industries in the same industry. The objective of this paper is to examine the organization and conduct an environmental......

Words: 1368 - Pages: 6

Bus212 M4 Assignment 2 Unhealthy Lunches

...BUS212 M4 Assignment 2 Unhealthy Lunches Click Link Below To Buy: http://hwaid.com/shop/bus212-m4-assignment-2-unhealthy-lunches/ Drive-In Don’s fast food restaurant sells the most delicious burgers in town at the most affordable price. Elementary and high schools in the vicinity have contracted with the restaurant to serve burgers during lunch hour. However, the county health department’s one-year study shows that children from these schools have the highest cholesterol, are the most obese, and are the least active. George and Mary’s son, Randall, 12, attends one of the schools where Drive-In Don’s foods are served. He suffers from extreme obesity and high cholesterol and runs the risk of diabetes. George and Mary have sued Drive-In Don’s and the school, alleging that Drive-In Don’s is engaging in illegal deceptive advertising of its foods and is not truthful to customers. Further, the lawsuit states that the restaurant purposely fails to provide consumers details of the ingredients of its food products. Research consumer protection laws and regulations, using your textbook, the Argosy University online library resources, and the Internet. Based on the facts of the case and research, write an analytical paper (approximately 4-5 pages). In the paper, respond to the following questions: • Do George and Mary have a case? What are their strongest legal arguments? Explain. • What defense(s), if any, do the school and the restaurant have? Explain. • Can......

Words: 274 - Pages: 2

Eco202 M4 Assignment 2: Exchange Rates

...ECO202 M4 Assignment 2: Exchange Rates Click Link Below To Buy: http://hwaid.com/shop/eco202-m4-assignment-2-exchange-rates/ You own and operate a chain of electronic stores in Texas and you are considering expanding your inventory to include tablet work stations for small businesses. There is only one supplier of the brand of tablets you would like to stock in your store, and that firm is located in Mexico. You have researched the current spot and forward rates between the U.S. and Mexico, as indicated in Table-1: TABLE-1 Spot Rate 30-Day Forward 90-Day Forward 180-Day Forward U.S. Dollar/Peso 1.7851 1.7052 1.8051 1.7555 Peso/U.S. Dollar ? ? ? ? Questions: 1. Complete the Peso/ U.S. Dollar row in Table-1 and explain your methodology. 2. If you agree to pay 2-million pesos for 100,000 tablets at today’s spot rate, how much would you pay in U.S. dollars? 3. If you agree to pay 2-million pesos but wait 180 days and end up paying the 180-Day forward rate, how much would you be paying for the 100,000 tablets, in U.S. Dollars? 4. Your competitors sell the tablet for $41.20 and you must mark you product up from cost by at least 20% to earn a minimal profit, should you buy the tablets today? Explain your answer. 5. Should you wait to buy the tablets in 30 days at the current 30-day forward rate? Explain your answers....

Words: 258 - Pages: 2

Sci 115 M4 Assignment 2 Nuclear Medicine

...SCI 115 M4 Assignment 2 Nuclear Medicine Click Link Below To Buy: http://hwaid.com/shop/sci-115-m4-assignment-2-nuclear-medicine/ Nuclear medicine is a specialized branch of modern medicine that exploits the process of radioactivity for imaging, diagnosis, and treatment. Many imaging techniques inject small amounts of radioactive material into the body, which are then tracked by a sensing device specific to the type of radiation emitted from that material. Radiation has also been used to destroy diseased tissue, typically beyond the reach of standard surgical techniques. Using the readings for this module, the Argosy University online library resources, and the Internet, write a paper on nuclear medicine. Address the following: • Explain the scientific and technical concepts related to nuclear medicine. Consider the following questions when you construct your response: o What type of radiation is typically exploited in most nuclear medicine procedures? o How are patients prepared for nuclear medicine procedures? o What are the advantages and limitations of nuclear medicine? o What ailments are typically diagnosed and treated via nuclear medicine procedures? • Evaluate a minimum of three applications of nuclear medicine relating to any of the following topics: o Positron Emission Tomography (PET) scans o Gallium scans o Indium white blood cell scans o Iobenguane scans (MIBG) o Octreotide scans o Hybrid scanning techniques employing X-ray......

Words: 271 - Pages: 2

Bus 212 M4 Assignment 2 Unhealthy Lunches

...BUS 212 M4 Assignment 2 Unhealthy Lunches http://homeworklance.com/downloads/bus-212-m4-assignment-2-unhealthy-lunches/ Drive-In Don’s fast food restaurant sells the most delicious burgers in town at the most affordable price. Elementary and high schools in the vicinity have contracted with the restaurant to serve burgers during lunch hour. However, the county health department’s one-year study shows that children from these schools have the highest cholesterol, are the most obese, and are the least active. George and Mary’s son, Randall, 12, attends one of the schools where Drive-In Don’s foods are served. He suffers from extreme obesity and high cholesterol and runs the risk of diabetes. George and Mary have sued Drive-In Don’s and the school, alleging that Drive-In Don’s is engaging in illegal deceptive advertising of its foods and is not truthful to customers. Further, the lawsuit states that the restaurant purposely fails to provide consumers details of the ingredients of its food products. Research consumer protection laws and regulations, using your textbook, the Argosy University online library resources, and the Internet. Based on the facts of the case and research, write an analytical paper (approximately 4-5 pages). In the paper, respond to the following questions: • Do George and Mary have a case? What are their strongest legal arguments? Explain. • What defense(s), if any, do the school and the restaurant have? Explain. • Can the government agencies,......

Words: 271 - Pages: 2

Eco 202 M4 Assignment 2 Exchange Rates

...ECO 202 M4 Assignment 2 Exchange Rates http://homeworklance.com/downloads/eco-202-m4-assignment-2-exchange-rates/ You own and operate a chain of electronic stores in Texas and you are considering expanding your inventory to include tablet work stations for small businesses. There is only one supplier of the brand of tablets you would like to stock in your store, and that firm is located in Mexico. You have researched the current spot and forward rates between the U.S. and Mexico, as indicated in Table-1: TABLE-1 Spot Rate 30-Day Forward 90-Day Forward 180-Day Forward U.S. Dollar/Peso 1.7851 1.7052 1.8051 1.7555 Peso/U.S. Dollar ? ? ? ? Questions: 1. Complete the Peso/ U.S. Dollar row in Table-1 and explain your methodology. 2. If you agree to pay 2-million pesos for 100,000 tablets at today’s spot rate, how much would you pay in U.S. dollars? 3. If you agree to pay 2-million pesos but wait 180 days and end up paying the 180-Day forward rate, how much would you be paying for the 100,000 tablets, in U.S. Dollars? 4. Your competitors sell the tablet for $41.20 and you must mark you product up from cost by at least 20% to earn a minimal profit, should you buy the tablets today? Explain your answer. 5. Should you wait to buy the tablets in 30 days at the current 30-day forward rate? Explain your answers....

Words: 255 - Pages: 2

Eco 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment

...ECO 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment To Buy This material Click below link http://www.uoptutors.com/ECO-370/ECO-370-Week-2-Individual-Assignment-Impact-Classification-Environmental-Impact-Assessment-and-Economic-Impact-Assessment ECO 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment Resources: Final Programmatic Environmental Impact Statement for Geothermal Leasing in the Western United States from the Bureau of Land Management’s website, Ch. 5 & 6 of the text, and this week’s Electronic Reading Reserves Choose one of the following chapters of the Final Programmatic Environmental Impact Statement for Geothermal Leasing in the Western United States: •    Chapter 11: Tongass National Forest/Anchorage District Leases in Alaska •    Chapter 12: El Centro Field Office Leases in Southern California •    Chapter 13: Modoc National Forest/Surprise Field Office Leases in Northeastern California •    Chapter 14: Humboldt-Toiyabe National Forest/Battle Mountain District Leases in Nevada •    Chapter 15: Mount Hood National Forest/Prineville Field Office Leases in Oregon •    Chapter 16: Willamette National Forest/Salem District Leases in Oregon •    Chapter 17: Mount Baker-Snoqualmie National Forest/Spokane District Leases in Washington Read your chosen chapter and review the Executive Summary of the Final Programmatic......

Words: 436 - Pages: 2

Eco 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment

...ECO 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment To Buy This material Click below link http://www.uoptutors.com/ECO-370/ECO-370-Week-2-Individual-Assignment-Impact-Classification-Environmental-Impact-Assessment-and-Economic-Impact-Assessment ECO 370 Week 2 Individual Assignment Impact Classification Environmental Impact Assessment and Economic Impact Assessment Resources: Final Programmatic Environmental Impact Statement for Geothermal Leasing in the Western United States from the Bureau of Land Management’s website, Ch. 5 & 6 of the text, and this week’s Electronic Reading Reserves Choose one of the following chapters of the Final Programmatic Environmental Impact Statement for Geothermal Leasing in the Western United States: •    Chapter 11: Tongass National Forest/Anchorage District Leases in Alaska •    Chapter 12: El Centro Field Office Leases in Southern California •    Chapter 13: Modoc National Forest/Surprise Field Office Leases in Northeastern California •    Chapter 14: Humboldt-Toiyabe National Forest/Battle Mountain District Leases in Nevada •    Chapter 15: Mount Hood National Forest/Prineville Field Office Leases in Oregon •    Chapter 16: Willamette National Forest/Salem District Leases in Oregon •    Chapter 17: Mount Baker-Snoqualmie National Forest/Spokane District Leases in Washington Read your chosen chapter and review the Executive Summary of the Final Programmatic......

Words: 436 - Pages: 2

Environmental Scan

...Environmental Scan There are many uncertainties organizations face when operating their businesses. These uncertainties can be limited if organizations perform environmental scans for their organizations. Environmental scanning assists businesses in providing information from internal and external environments to the executives so measures can be taken to take advantage of the information and succeed. SWOT (strengths, weaknesses, opportunities, threats) analysis is a key element of environmental scanning process which provides detailed information for the organization that can assist in growth and profits. Environmental scanning and SWOT analysis and how organizations use these tools to succeed and grow will be discussed in this paper. Environmental scanning is a process which monitors, evaluates, and disseminates information from internal and external environments to the people of the organization responsible of making decisions regarding growth and success of the company. Scanning the natural environment, societal environment (STEEP analysis), and task environment are the key elements of identifying the external environment. SWOT analysis should be performed to assess the internal environment of the organization. (Wheelen & Hunger, 2010) In scanning the natural environment, strategic managers must assess physical resources, wildlife, and climate. “The concept of sustainability argues that a firm’s ability to continuously renew itself for long-term success and survival is...

Words: 1305 - Pages: 6

Environmental Scan

...company is going in the future, and how it is going to get there. A strategic management plan is just like it sounds, it manages the steps along the path leading into the future making sure company goals are meet and if not what changes need to be made in order to stay on course. Developing a strategic management plan can be difficult. Implementing an environmental scan will help identify both internal and external problems and influences used to build or change and existing strategic management plan. Several factors can influence the planning process. Many of the factors can be identified and taken into consideration when planning for the future. No matter how well an organization builds their strategic management plan there are always going to be unforeseen problems that will need to be addressed. Developing a strategic management plan that is able to manage change is essential to the success of the organization. Changes in market trends, consumer demands, and technological advancements are just a few areas change is inevitable. If the strategic management plan is going to work it must manage and implement changes in both internal and external environments. Two organizations that have continuously been at the top of their industry and have a significant competitive advantage are Wal-Mart and Target. Both Wal-Mart and Target have implemented brilliant strategic management plans since their conception, but not without proper planning, goals, and, measurement guidelines.......

Words: 1227 - Pages: 5