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Open Posted By: surajrudrajnv33 Date: 03/03/2021 High School Assignment Writing

RESPOND TO AMY AND STELLA POST

AMY POST

 

An internal analysis is the company’s self-evaluation of aspects of its own company. It evaluates the traits and functions, strengths, and weaknesses within the organization. While performing an internal analysis, companies typically analyze strengths and weaknesses. Internal analysis’ often includes the cost of business. A SWOT analysis is a good tool to use for internal analysis. 

The external analysis evaluates the external factors of a company. When doing an external analysis, we have to look at outside variables that we usually do not have control over such as material cost or competitors vying for our customers. Internal and external analysis is important in strategic planning because you have to know your strengths and weaknesses and be able to plan and adapt to outside variables.  When evaluating a company’s external analysis, a PESTLE will give a good in-depth look at external forces affecting the company. PESTLE analysis evaluates Political, Economic, Social, Technological, Legal, and Environmental examination.

 These are all important evaluations to develop strategies and goals to keep the company competitive and on top in this ever-changing world. The results of these plans will tell you where your strengths are and where you can trim-the-fat. It will tell you what external forces could potentially put you out of business, and analysis allows you to plan accordingly. 


STELLA POST

Internal and external evaluation typically assist in appraising the factors that affect the business. An internal analysis evaluates the internal business's factors that impact its operation, while an external analysis looks at the broader business environment that influences its operation. Organizations usually analyze their strengths and weaknesses as part of their internal analysis (Palepu et al., 2020). An evaluation of strengths enables the organizations to have an insight into their capabilities that would make them compete with their rivals and remain sustainable in the competitive business environment. Also, analysis of weaknesses helps the companies understand their drawbacks and areas in which they are not well-performing to enable them to make adjustments that would consequently enhance their performance in the market.

In addition, organizations usually analyze opportunities and threats as part of their external analysis. Evaluation of the opportunities helps inform the companies on the prospects that they can grab and implement to foster their performance and productivity in the market (Palepu et al., 2020). An evaluation of threats informs the organization on the factors which are likely to affect their performance adversely. Some of the threats often include competition and new entrants.


ASSIGNMENT

Review the Strategic Management Project Background document.

Review the following terms and concepts discussed this week to prepare for this assignment:

  • organizational structure
  • organizational culture
  • inertia
  • Holacracy
  • PESTEL model

Create a Word doc and title it Strategic Management Research Journal Part 3. (Again, be sure to download and follow the template that I provided for you in your welcome message. Use a Title page and a References page with at least three references. No running head is required, but do use headings to separate portions of your paper, and remember to cite your sources in the main body of your paper).

Write a 525- to 700-word response to the following prompts in your journal entry:

  1. Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness. 
  2. Summarize Caterpillar Inc.’s organizational structure.
  3. Determine whether Caterpillar Inc.’s organizational structure is considered a traditional organizational structure or a Holacracy (be sure to define Holacracy and why/why not it applies).. 
  4. Justify why it’s important for Caterpillar Inc.’s leadership team to study and understand the company’s internal and external environments.
  5. Evaluate Caterpillar Inc.’s competitive position and how they have responded to shifts in the external and internal environments.
  6. Recommend strategies in operational changes to support Caterpillar’s strategic plan, future business decisions, and improvement in business performance.
Category: Engineering & Sciences Subjects: Electrical Engineering Deadline: 24 Hours Budget: $80 - $120 Pages: 2-3 Pages (Short Assignment)

Attachment 1

1

4

Title of Paper

Student Name

Course/Number

Due Date

Faculty Name

Title of Paper

Use the title of your paper rather than the word “Introduction.” Notice this is the only Level One Heading that should not be bolded. Triple click your mouse anywhere in this paragraph to replace this text with your introduction. Often the most important paragraph in the entire essay, the introduction grabs the reader's attention—sometimes a difficult task for academic writing.

Level One Heading

Replace the level one heading with the words for your heading. The heading must be in bold font and centered. Headings are a necessary part of helping your audience track the sub-topics discussed in the body of the essay or report.

Be sure to indent the first line of each paragraph between five and seven spaces by pressing the Tab key one time on the keyboard. In addition, remember to double space the entire paper using the double space functionality in Word. This template is already formatted for double spacing.

Another Level One Heading

In addition, keep in mind an academic essay should contain at least five paragraphs, which includes the introduction (introductory paragraph), the body (which is generally at least 3 paragraphs), and the conclusion (generally one paragraph). Most well-developed paragraphs contain at least 3-5 sentences, one of which is the topic sentence. Limit each body paragraph to one sub-topic. Remember to always use citations such as this one (Wheelen, Hunger, Hoffman, and Bamford, 2015).

Conclusion

The closing paragraph is designed to bring the reader to your way of thinking if you are writing a persuasive essay, to understand relationships if you are writing a comparison/contrast essay, or simply to value the information you provide in an informational essay. The closing paragraph summarizes the key points from the supporting paragraphs without introducing any new information. Every Reference on the references page must have a citation in your text, and every citation must be listed on the references page as well. If in doubt, cite!

References

This is a hanging indentation. To keep the hanging indent format, triple click your mouse on this line of text and replace the information with your reference entry. You can use the Reference and Citation examples from the Owl at Purdue to help format your source information into a reference entry.

The reference page always begins on the top of the next page after the conclusion. You must list every citation with a reference, and every reference must have an in-text citation to avoid plagiarism.

Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2015). Concepts in strategic management and business policy: Globalization, Innovation, and sustainability (14th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.