Strategic Plan Part II: SWOTT Analysis (there is no case study for this assignme
ID: 347645 • Letter: S
Question
Strategic Plan Part II: SWOTT Analysis (there is no case study for this assignment, it is based on the company I chose and the new service I am proposing in the next paragraph here)
The company I have chosen is the grocery store chain Safeway Inc. and the new service would be a smartphone app that would allow you to scan the items you are purchasing as you shop and will also allow you to pay for them on the app skipping the line and going straight out the door with a check at the door of the number of items in your cart match the number of items purchased. I need some help on how best to answer the numbered items below given this information.
Purpose of Assignment
Students gain experience conducting an internal and external environmental analysis for their proposed new division and its business model. They will also gain valuable experience in conducting a SWOTT analysis for their proposed division.
Assignment Steps
Resources: Strategic Planning Outline and Week 3 textbook readings
Conduct an internal and external environmental analysis for your proposed new division and its business model.
Develop a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the factors below.
For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
Include the SWOTT table in your submission.External forces and trends considerations:
Industry Changes
Legal and regulatory
Global
Economic
Technological
Innovation
Social
Environmental
Competitive analysis
Internal forces and trends considerations:
Strategy
Structures
Processes and systems
Resources
Goals
Strategic capabilities
Culture
Technologies
Innovations
Intellectual property
Leadership
Compose a maximum of 1,400-word synopsis in which you analyze relevant forces and trends from the list above. Your analysis must include the following:
Identify economic, legal, and regulatory forces and trends.
Critique how well the organization adapts to change.
Analyze and explain the supply chain of the new division of the existing business. Share your plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and the various stakeholders.
Discuss the primary internal organizational considerations for the development of a strategic plan.
Identify the major issues and/or opportunities the company faces based on your analysis.
Explanation / Answer
Safeway inc., leading u.s. supermarket chain, with stores in the united states and abroad. its headquarters are in pleasanton, california. the company originated as a small grocery store started by s.m. skaggs in american falls, idaho, in 1915. the store was dedicated to building sales volume by taking low profit margins, an operating philosophy still followed by the company. the eldest son of the family, m.b. skaggs, expanded the original shop into a western chain that by 1926 had 428 stores in 10 states under the name skaggs united stores.
backed by investment firm merrill lynch, the skaggs company was incorporated in 1926 to buy the 322-store safeway grocery chain founded by sam seelig. it kept the name of safeway, a strong brand name on the west coast. by 1931 the company had reached its peak number of stores—3,527 in the united states and canada—which averaged 1,000 square feet in size and carried about 700 items. thereafter store numbers decreased, but store size increased; safeway was quick to adopt the giant supermarket format. in the 1980s most of its 2,500 stores were in the united states west of the mississippi river, but its retail operations extended to the eastern united states, canada, europe, and australia. the company was acquired by u.s. buyout firm kohlberg kravis roberts & co. in 1986. after downsizing and restructuring, safeway became an independent, publicly traded company again in 1990. by the beginning of the 21st century, safeway operated more than 1,650 stores in the united states and canada, including vons in the west, tom thumb in texas, and carrs in alaska.
Economic, legal and regulatory forces and trends
in order to become successful safeway inc closet will need to create an effective strategy. an effective strategy will help maintain the business expectations of closet. the exterior factors include legal, regulating elements, economic elements, technological elements, and innovation elements. legal and regulatory factors have a high ability to work with a business’s strategic goals. rules specifically relating information technology can offer amplified safety to the business by preventing unauthorized access. the evaluation of this exterior element has to be broad and precise by the business due to high it standards that are strict and inadaptable. safeway inc closet could have a large clientele from customers that typically do not feel transactions through internet are trustworthy. safeway inc closet must also analyze the standard changes inrules because sometimes they are hazardous or chancy for the company in the long run. the expansion and progress of safeway inc closet will also obtain influence with the economic condition of the baby product/gear safety factors. the success of the business depends on the large expansion in pre-used children’s clothing and products businesses in the area. safeway inc closet must need understand that the economy is experiencing a decrease; market inconsistency will help increase revenue. the owner of safeway inc closet will develop approaches after analyzing the economic trend and economic tendency for future trends. external forces and trends the technology industry has increasing grown and safeway inc closet will benefit by offering customers a customized and efficient service. by offering customers the chance in all strategic plan and presentation to shop discounted pre-used children’s item from the privacy of their own home. though, safeway inc closet will have to analyze the whole effect of this force on the company because the smallest error is dangerous and will be harmful to the business. the development of technology in regards to hardware and grocery store cause the business to take a gamble for the cost, it will be important to plan a proper strategy for replacements and maintenance. innovation is the strength external force of the company because it is depending on technological invention and appropriate economic situations of the industry. the solid point for safeway inc closet is to innovative technology, appropriate market research and social commitment. to have efficient use of the latest technology, those should be given guidance for new trends and progresses. in the occasion that implemented does not happen in a timely manner the latest transforming technology and continual invention can be dangerous to the sales for the business. the exterior element, social-culture of directed audience also impacts the business. due to changing conditions, customers’ are getting more frugal of their finances and spending money. individuals want the same product quality; however they do not want to pay full price for expensive baby items. they wish to have a remedy that is quick as well as easy.
Critique how well the organization adapts to change.
additionally, there has been a change in economic trend in the united states in which most areas in the country undergo economic recovery. however, the firm has hardly taken this advantage in marketing its products to older customers who underwent economic downturn but now recovering. the supply chain of the new division the name of the latest service separation will be “grocery store green”. this facility has not been offered through any other business who is a leading leader in the hardware and grocery store business. it is exclusive in the fact that we present these financial services towards all our stakeholders; workers’, buyer’s. the buyers are already equipped through eco-conscious goods that decrease energy with materials that produce the least quantity of waste. grocery store has recycling places where our buyers can drop off old unnecessary hardware and grocery store all across the nation counting all 50 states. the latest division will give grocery store a competitive border as they will be proficient to do more to assist save the earth through the funds ready available from their incomes. the products are then distributed to wholesalers who then sell them either to consumers directly or to retailers. the retailers acquire the product from the wholesalers then sell the finally to consumers. to be sure it is effective coordination of supply chain, the company manages the database of the distributors, wholesalers and retailers data ensuring that they will inform about the manufacturing. while grocery store is showing an accountability towards the society and culture
analyze and explain the supply chain of the new division of the existing business. share your plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and the various stakeholders.
conducting a swot analysis is one of the most basic, yet popular ways that many organizations brainstorm, to become more aware of their internal and external environment. going even deeper and conducting an environmental scan, allows the organization to be more specific, discover more about various forces in the world, and create an even better strategic plan. in the following paragraphs, we are going to analyze relevant forces and trends from the swot table below, and identify economic, legal, and regulatory forces and trends, critique how well the organization adapts to change, analyze and explain the supply chain of the new division of the existing business. we will also share our plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and the various stakeholders. next, we will identify issues and/or opportunities such as the major issues and/or opportunities that the company faces based on my analysis, and to conclude generate a hypothesis surrounding each issue and research questions to use for conducting analysis. economic, legal, and regulatory forces and trends economically speaking, the strengths are: “more consumers are earning
higher incomes, and that means more discretionary income to spend where consumers desire”. the weaknesses are that some consumers may spend their discretionary income elsewhere and may not find the need for this type of product and service. the opportunities are that the new product can enhance customer loyalty and allow more long term customer relationships. this can also help customers save gas, by lessening trips to the retail location for various products and services that can now also be ordered or accessed online. the main threat is only if economic conditions were to change and consumers discretionary income were to decrease and/or unemployment rates to rise, causing less consumers to spend freely. legally speaking, the strengths are that this new product does not and will not violate any laws, the weaknesses are that it can possibly be hacked, the opportunities are that the excellent new product can eventually with good standing become accredited by the bbb, a possible but not likely threat is that all the information, clients information, if not backed up can possibly be wiped out. the trends are indicating that web interfaces that are similar as well as apps, are becoming more acceptable for businesses to use and also legally acceptable, as long as proper disclaimers and copyright information are used.
Discuss the primary internal organizational considerations for the development of a strategic plan. identify the major issues and/or opportunities the company faces based on your analysis.
strategic planning is a process of looking into the future and identifying trends and issues against which to align organizational priorities of the department or office. within the departments and offices, it means aligning a division, section, unit or team to a higher-level strategy. in the un, strategy is often about achieving a goal in the most effective and efficient manner possible. for a few un offices (and many organizations outside the un), strategy is about achieving a mission comparatively better than another organization (i.e. competition). for everyone, strategic planning is about understanding the challenges, trends and issues; understanding who are the key beneficiaries or clients and what they need; and determining the most effective and efficient way possible to achieve the mandate. a good strategy drives focus, accountability, and results.
within the un, strategic planning is undertaken in departments and offices in line with the biennial budget cycle. this planning feeds into “strategic framework” and “programmed budget” documents for each department. you can see the overview strategic framework document for all departments here (within the un network). the key steps for and timing of the biennial budgeting process are found in the managers’ toolkit. other strategic plans may need to be developed outside the timeframes and parameters of the biennial budget process. for example, if an office is suddenly faced with a new challenge or mandate, a change in its operating environment, or other strategic change, it may be valuable to undertake a strategic planning exercise. when a new team or unit is to be established, it is imperative to develop a strategic plan at the very outset.