strategic management course ((please give an answer that has not been submitted

Question

strategic management course

((please give an answer that has not been submitted on chegg and no picture or copy using your own word ANSWER ALL 8 PART it is related to each other AND put space between every part))

Create a hypothetical organization offering product /service of your choice. Identify a real potential competitor in the market.

1Name your product/service as well as organization.

2Write the mission and objectives.

3Scan and assess the external environment to determine the strategic factors that pose opportunities and threats.

4Scan and assess the internal corporate environment to determine the strategic factors that are Strengths (especially core competencies) and Weaknesses.

5 Analyze strategic (SWOT) factors to (a) pinpoint problem areas and (b) review and revise the corporate mission and objectives, as necessary.

6Generate, evaluate, and select the best alternative strategy in light of the analysis conducted in step 5.

7State how you are going to implement selected strategies via programs, budgets, and procedures.

8State how you are going to evaluate implemented strategies via feedback systems, and the control

of activities to ensure their minimum deviation from plans.

Explanation / Answer

I would like to relate this with my own business of manufacturing men’s shirt

Name of the organisation- style creations

2.Mission- our mission is to deliver apparel with exceptional value and quality to our customers. We not only deliver shirts but also style that you wish to carry all the time along with you.

Objective- our objective is to provide high end traditional shirts to our customers at affordable price along with best quality and unique designs.

3.External environment- threats are-

A). Competitors

b). Accessibility of raw material

c). Economic downturns

Opportunities are-

a). Technological advancement in machinery

b). Low government restrictions in case of exporting shirts.

4.Strength-

a). Only manufacturer in my region

b). Distribution channel is very strong

c). Raw material is of very high quality.

Weaknesses-

a). Cash flow is very low

b). Many creditors

c). Working skilled staff is very limited in this industry

5. Opportunity-

a). Can export the shirts

b). Online retail and E commerce is gaining much more importance now a days.

c). Young group of designers who are recently pass out easily available

Threats-

A). Competition

b). Customer switching

c). Fashion changes quickly

d). Economic downturn

6.Best alternative for my business is doing online business of my product. As this will not require much workers and physical store expense. Hence I consider this the favourable option for my new start up. 7.Now a days selling products online is not a bigger concern. All you need to register to the online site to sell your product. The only thing to be done to create brand awareness about your product. 8. If you sell online you will get immediate feedback for your product. Any kind of issue raised by the customer can be solved immediately.

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