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I need ideas to start off my project, the US based firm i will be picking is going to be Apple or Krogers, I will
I need ideas to start off my project, the US based firm i will be picking is going to be Apple or Krogers, I will upvote when answered thank you! This is an independent project. Select a USbased firm. You will assume the role of a consulting firm and offer advice in the form of a detailed strategic business consultation plan according to the project output below to the strategic decisionmakers of your selected firm.
You should engage in any research andor interviews necessary to develop a strategic business plan for the firm.
Please answer these in order and label each heading with numbers as shown below.
Overview:
Vision and mission. Create a vision and mission statement for your firm. If you selected a firm with one or both, create improved versions.
External analysis
Use a PESTEL analysis to identify the major factors the industry faces that may impact your firm over the next five years. You must have at least one analysis of each factor, eg political, environmental, economic, etc.
Assess the competitive landscape and the attractiveness of an industry by completing a fiveforces analysis.
Internal analysis
Asses the four most important resources the firm has. Comment if these resources are Valuable, Rare, Inimitable, and Nonsubstitutable VRIN If not, discuss what the firm needs to be successful.
Evaluate if the firm has a competitive advantages Does it have a costbased advantage, differentiating features, serving the unique needs of a niche, or some combination of these? You must use real data to support your conclusion. If it does not, explain why to the best of your ability.
Metrics and indicators
Develop at least five assessment metrics key indicators for success. Compare with metrics from last year and create goals for the next years.
At least two of the metrics for the yearly assessment should measure the vision & mission statements. That is how would you measure if the firm is successful in achieving its vision & mission?
Conclusion: Future challenges
By now, you should note that all the work you have done is tied together. To successfully do this, you will need all the above data and facts.
Describe the largest two distinct challenges the company faces or will likely face over the next few years.
Explain how you would address these changes if you were advising the CEO.
Based on that, create a plan for growth or reduction.
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