Hello i would like some assistance with my group project. My part is the planning function(IMG 4360 which is in
the attachments) which i am to make projections and come up with a financial system for our company which sells unbreakable glass. Charts and bar graphs are a plus because they are visuals i will need because we are presenting.
PLANNING FUNCTION – chapters 4 & 5 Analyze the environment – external and internal
Before starting any business, you will have to analyze the variables in the external environment and the internal environment and to determine the impact these variables will have on the business.
Analyze the variables in General environment – ie. (Sociocultural, economic, political/legal etc pages (87-90) and the firm’s Industry and Competitor Environment (entry barriers, customers etc.– pages (90-93).
Identify opportunities that exist and threats, (if any) – if there are threats, you will have to determine how you will minimize the impact of those threats.
You will also incorporate sections in chapter 5 which covers external environment.
Internal Environment -Analyze the internal environment (resources – financial resources – identify source of funds, budgets, human capital, type of organizational culture – You will identify strengths and weaknesses (if any) if there are weaknesses – you will determine how you will address those weaknesses. – Set objectives for the business (see page 96-97). – Develop Action Plans Incorporate sections in chapters 4 & 5 covering internal environment.
Book: Management hitt, black, and porter prentice-hall, 3rd edition, 2014
PLANNING FUNCTION Analyze the environment – external and internal Diamond Laboratories Inc. faces the growth potential. Cost structure has been dynamically. External Environment Analyze the…