SWOTT Analysis Paper and Table

SWOTT Analysis Paper and Table - SWOTT Analysis of Candy...

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SWOTT Analysis of Candy Business 1 Running Head: SWOTT ANALYSIS PAPER AND TABLE SWOTT Analysis Paper and Table
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SWOTT Analysis of Candy Business 2 SWOTT Analysis Paper and Table The SWOTT analysis of Speedy Returns is based on several business environmental factors. Environmental analysis is the evaluation, monitoring and dissemination of information from the external and internal environment to the key people in the organization (Bradford & Duncan, 2000). Knowing how to take advantage of its internal and external environmental factors will be key to Speedy Returns in an effort to ensure its long term profit by avoiding the hurdles, which might come in the way of effective strategic planning. This paper will expand on Speedy Returns strategic planning by conducting and internal and external environmental analysis, a SWOTT table will summarize the external and internal forces, and provide a synopsis of seven of the forces and trends. External forces and trends main issues to consider are Legal and regulatory, global, economic, technological, innovation, social, environmental, competitive analysis (Pierce, 2005). Main considerations internal forces and trends are strategy, structures, processes and systems, resources, goals, strategic capabilities, culture, technologies, innovations, intellectual property, and leadership (Pierce & Robinson, 2005). A SWOTT table analysis of these forces is of great benefit for an organization and aids in understanding the strength, weakness, opportunity, threats and trends of each factor.
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SWOTT Analysis of Candy Business 3 SWOTT ANALYSIS TABLE
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SWOTT Analysis of Candy Business 4 External Forces Strength Weakness Opportunity Threat Trend Legal and Regulatory Local government stability Many regulations – like antitrust Customer “buy- in” to family oriented services Additional regulations In line with all regulations Global Stable business Lack of business flexibility Possibility for growth, as population grows Changes in Immigration laws Similar services Economic Growing economy Changing regulations New customers Economy remaining stagnant Growing GDP Technological Innovation Social Environmental Competitive Analysis Wide range of services/Bilingual New company Listening to consumers/fulfil l Their requests Fierce competition To become the “go to company” for tax services Internal Forces Strength Weakness Opportunity Threat Trend Strategy Educated, clear cut business strategies Management’s incapacities Gaining new customers Inability to adapt to changes to customers Quality based services Structures Fluid, open door Employees’ Function as a
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SWOTT Analysis of Candy Business 5 External Forces and Trend Considerations The main factors of the external forces of the company among all the given factors are economic, legal & regulatory, competitive analysis and global forces. The SWOTT analysis of each factor is given as under: Economic Factors : The economic environment of United Sates of America is very strong and growing. The
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SWOTT Analysis Paper and Table - SWOTT Analysis of Candy...

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