Conduct an environmental scan and write an assessment in which you focus on both the internal and external factors that could affect your success within your chosen industry. Introduction
Conduct an environmental scan and write an assessment in which you focus on both the internal and external factors that could affect your success within your chosen industry.
Introduction
An environmental scan allows you to identify the trends (technical, social, political, economic, and so on), issues, and other factors that are most likely to affect a given industry, thereby helping you determine a strategy for dealing with potential changes.
After an organization has completed a SWOT analysis, it will carefully monitor both the internal and external environments to detect signs of opportunities and threats that could affect current and future plans. This environmental scanning can help an organization identify trends that are most likely to affect the industry, thereby allowing the development of a strategy for change. The right information, at the right time, can determine the future of an organization.
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
Conduct an environmental scan in which you focus on both the internal and external factors that could affect your success within your chosen industry. Include in your scan responses to the following. Be sure to use the information from your SWOT analysis to explain how you will address both the internal and external issues.
- Internal Factors: What specific things do you need to do in order to achieve the position you would like to have? In other words, what do you need to do to climb the corporate ladder in your industry?
- External Factors: Examine the state of the current market or industry. What issues currently exist? How might these issues influence the future state of the industry? How will these issues affect your long-term and short-term goals?
To successfully complete this assessment, you may need to do some research on conducting an environmental scan. Format this assessment as a research paper following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point, while also being as clear and concise as possible.
Competencies Measured
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies:
- Competency 3: Communicate effectively.
- Write coherently to support a central idea in appropriate format with correct grammar, usage, and mechanics.
- Competency 4: Plan strategically.
- Describe strategies to use SWOT analysis to improve competitive advantage.
- Competency 5: Employ high-performance business management techniques.
- Analyze strengths to determine competitive advantages.
- Analyze opportunities that may be leveraged for competitive advantage.
- Analyze threats to competitive advantage.
- Competency 6: Solve problems within professional standards.
- Analyze weaknesses to determine areas for improvement.
2
SWOT Analysis
Anthony Johnson
Capella University
FPX4993
Professor: Jocelyn Williamson
November 7, 2022
SWOT Analysis
Strengths
Some advantages I have that others do not have, especially in my practice, are resilience and strategic thinking. Most people are considered resilient based on the experience of the tasks they have handled over the years and shown persistence in duty. However, my resilience is attributed to the natural up-brining within a large family. Developing the skill of resilience was the key to survival in a family where everyone competed to be the best they could be since there was no favoritism. Thus, my colleagues would attribute the skills to my experience with me while handling various tasks assigned to us. I have the push to finish the tasks assigned to me within the timeframe allocated, which requires resilience. Moreover, I have strategic thinking skills that enable me to think beyond current knowledge to adapt to various trends I am subjected to. However, my educational background has equipped me with the knowledge that would enable me to better my skills (Puyt et al., 2021). Education has allowed me to incorporate my strategic thinking skills with corporate operational knowledge to know how I can handle people in various positions of responsibilities assigned to me. I have a certification in strategic management that enables me to use my strategic thinking skills to improve my relationship with people and establish a culture where we can work in a group without conflict of interest to achieve outcomes faster than working individually. The achievements that I am most proud of are being able to work with people in every environment that I have been in and being appreciated for the impact that I have made in changing people’s views on management and personal growth in applying my skills. Thus, people see my strengths since I can involve them in the activities that I am doing to reference them, which fosters special connections that others may not have. Hence, the personal resources I have available are innate characteristics; kindness and patience.
Weakness
The tasks that I avoid doing because I do not feel confident doing them are those that subject me to conflict with others. I prefer working on tasks because I have the freedom to make decisions that I am accountable for. Moreover, the negative work habits that I have is the inability to tolerate people who are not positive and accountable for their actions to ensure the tasks we have been assigned are executed with precision and obtain feedback to verify that we met the required standards (Vlados, 2019). However, I feel confident about my skills, experience, and education since I have focused on making myself better every time and using the factors as my strengths in fulfilling the objectives of every task assigned to me. I have introverted personality traits that hold me back when I feel too much pressure, but I cannot talk about it. Thus, when asked to conduct regular meetings in an environment where people have contrasting opinions, I hold back and fail to engage.
Opportunities
I prefer seeking a second opinion from my seniors in the field in which I have a specialty and my mentors to ensure that I have a network of influential contacts that can help me by offering me advice to ensure that I do not make errors. These contacts have been significant in ensuring that I am on track since they offer men feedback on every action I take. However, the industry where I work, the technology industry, is diverse and considers various skills since it is an evolving industry that keeps changing the more technology advances (Vlados, 2019). Thus, the trends within the company I work in, which can take advantage of the changing technological landscape, allow me to grow my skills and apply them in various fields within the industry. Therefore, I can offer solutions to emerging issues in the industry since it is not a static sector.
Threats
The obstacles I face at work are the changing technological trends and the difficulty of working with people in a unitary task. Additionally, colleagues are competing with me for the projects assigned to people within the company based on the different specialties that people have. The nature of the job we are doing keeps changing since it is an evolving industry (Puyt et al., 2021). However, technology does not pose a threat to the position that I hold since my strategic thinking skills enable me to navigate the industry. My weaknesses threaten to work with others who do not put in an equal amount of effort and can threaten the overall plan.
Reference
https://research.hva.nl/files/17729771/ambpp.2020.132.pdf
Vlados, C. (2019). On a correlative and evolutionary SWOT analysis. Journal of Strategy and Management.
https://www.academia.edu/download/61041498/pre-print.pdf
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