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Choose a company from Fortune 500 list and perform a comprehensive analysis of the company’s external environment. Make sure you address the following questions when conducting the analysis:
1. What is/ are the company’s industry/ industries?
2. Which companies are immediate competitors of the firm? base your selection on the market capitalization and market share comparisons.
3. Who are the company’s suppliers? Do they have much bargaining power? does the company have other available alternatives to switch to? are there any associated costs if the company decides to switch? how about the quality of the incumbent suppliers’ materials compared to possible or potential alternative suppliers? Would there be any disruption and other inconveniences caused if suppliers decides to cause trouble for the firm and put pressure on it to bargain on prices? simply be comprehensive, through, and accurate.
4. Repeat step 3 but for customers. (what is the segment/segments, audience, audiences that the firm serves) and so on.
5. Describe the regulatory environment of the firm.
6. Describe the general environment of the firm
7. Explain how socio-economic factors and political factors might have affected, or would affect the firm and how the effect takes place?
8. Explain any demographic issues related to the firm’s business practices, employment, strategic objectives, products, services, etc.
9. Thoroughly describe and evaluate the firm’s dependence on technology, it’s technological tools and equipment, and the extent to which it depends on technology now, and how will that change in the future, and why?
10. How many companies operate in the same sphere? is rivalry intensive? what does that mean?
11. Are there any substitutes for the firm’s products and services? are they of the same quality and prices? Can these substitutes be actual threats for the company in the future, how? and what can the company do or should do?
12. Are there any political events that effected or would affect the way the firm conducts business? elaborate.
These are some crucial parts you must cover in your report. Cite your work. NO COPY PASTE. Start working EARLY ON YOUR ASSIGNMENTS.
Link for assignment 5: https://www.youtube.com/watch?v=3Hd88eBgkw0&t=29s
Instructions
I assume that all you have watched the first video by now which is titled “what is strategy” by Michael Porter. You will do the following:
- Write up a summary of the video presentation of no more than 3 pages. (make sure you discuss all the concepts presented in the video).
- reflect on the concepts presented by Porter on strategy ( 1 page).
Make sure to reflect your understanding of the concepts in the chapters 1,2,and 3 in your one page reflection on the video, I need to see that you have captured the essential insights of those chapters.
Instructions
Business Policy Take home Assignment 2
Select a company from Fortune 500 list and perform the following:
- Do a five forces analysis for the industry/industries in which the firm operate.
- List the firm’s lines of business and evaluate their business strategy
- Choose one immediate rival of the company in one of its businesses and do a thorough comparison on the following dimensions: a. number of products or services, strength of the brand name, the strategy used (e.g., low cost vs differentiation), the market share, market capitalization, governance system of the firm.
- Do a comprehensive analysis of the external environment of the firm and the internal environment of the firm.
- Develop a strategic plan for one of the company’s businesses where you see that they can do better. (be creative, unique, come up with something different that will make you desirable by big firms, be through, understand the business first and its environment and then develop a plan, the plan must incorporate the most important things you have learned about strategy so far from the book, articles, discussions, and videos).
