Week 3 Strategic Plan Part 2 - SWOT Analysis Paper

Week 3 Strategic Plan Part 2 - SWOT Analysis Paper -...

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Running head: Strategic Plan Part 2: SWOT Analysis Paper 1 Strategic Plan Part 2: SWOT Analysis Paper Samanthia Bell Bus/475 3/28/2016 Daniel Magnole
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Strategic Plan Part 1: New Product or Service 2 Strategic Plan Part 2: SWOT Analysis Paper Introduction A SWOT Analysis is crucial in evaluating internal and external elements that may have an effect or influence on the company. In existing business conditions firms use a SWOT Analysis to assess their market standing regarding the share of the market, competitive edge as well as complete feasibility. A SWOT analysis offers a company with important information about its not only perceived but actual weaknesses and strengths, their possible opportunities and the risks the business may face in the business trends. The main elements of SWOT Analysis can be put in two groups, internal and external elements. External/Internal Forces and Trends Intel must contend with a variety of external forces and trends that affect their strategic choices. The legal and regulatory issues are of the most important factors to be considered. Their technology industry is driven by the intellectual property that is developed. This is essential to protect their new technologies as they are developed. These new technologies can be protected with patents, trademarks, and copyrights. The trends that are the economic part of the societal environment can have an obvious impact on business activity (Thomas and David, 2000). Economic factors, in the area that the business operates, bring the direction and nature of the economy to light. The business must focus on any economic trends that affect their industry. Some economic factors that can affect the company may be money supply, inflation rate or GNP trends. The unemployment rate could even be economic factor for Intel in their Vietnam market, considering it is one the fastest growing economies in South East Asia. In one year that market
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