Question
Create a strategic business plan and to present the plan in a professional manner. The name of the business is Vendalunch and it is stationed
Create a strategic business plan and to present the plan in a professional manner. The name of the business is Vendalunch and it is stationed in NYC. I am opening up a lunch dining establishment (theoretically). The theme of it is that it is for patrons who want to grab something quick while they are on the go. It is convenient and healthier than fast food. The part of the business plan that I am asking from you is and industry analysis and a competitive analysis.
The industry analysis should include the 6 components of the Macro-Environment.
1. Political Factors
2. Economic conditions
3. Sociocultural Forces
4. Technological Factors
5. Environmental Forces
6. Legal and regulatory factors
The competitive analysis must include the following:
1. Current Strategy: How are competitors positioned in the market?...What is the basis for its competitive advantage? (if any)...What kind of investments is it making as an indication of its growth trajectory?
2. Objectives: An appraisal of rival’s objectives both financial and strategic, the extent to which they are meeting these objectives, and are they under any pressure to improve
3. Capabilities: An assessment of rival's capabilities. Sizing up both strengths and weaknesses.
4. Assumptions: How rivals managers think about their strategic situation i.e. do they believe they are too great to fail?
Step by Step Solution
3.40 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
Political Factors One of the most important macroeconomic factors is Political factors This represents the degree of influence and control over the businesses by government One of the most significant ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started