MGT-660 Part 4
mike9148
MGT-660Week3-StrategicPlanPartIIMichaelWallace.pptxExternal and Internal Assessment
Michael J. Wallace, Jr.
MGT-660
Grand Canyon University
24 October 2018
Results of the Environmental Scan
From the environmental scan, it was discovered that marketing is a strength of any business since it l helps in creating awareness of the company’s products and services.
Management is also important since it deals with the way in which an organization is run and the activities that affect how it is ran (Champion, 2018).
Research and development is a weakness in any organization since different researchers may find out different things and since everyone want their research to be taken into consideration, it may lead to feuds within an organization.
Finance, accounting and management information systems are the strength of any company since they show how much is spent by an organization within a certain period of time.
Several things were learnt about the industry from the environmental scan.
The first is that the industry is strong and weak at the same time and it is the role of the management and the employees to ensure that the strength of the company surpasses the industry (Champion, 2018).
The other thing learnt was that an environmental scan is important for the industry since it tells the top management more of the where the company was and where it is heading to.
2
Results of the Environmental Scan
The results from the internal and external assessment tools was used in the decision making process.
They helped the company’s top management to manage their finances and account for the use of every shilling within an organization.
From the assessment, the company was also able to know its strengths and weaknesses and then to know where improvements should be carried out and where they are already doing well.
The internal and external assessment are have also helped the company to make contentious decisions with the help of the employees based on the results that had been found out.
The assessment has also helped in creating accountability and honesty with an organization hence helping the people make sober decisions.
3
Results of the Environmental Scan
During the assessment process, there were several things that were learnt.
The first is that everybody within an organization is responsible for all the things that happen within the company and they have to make positive contributions for the good of the firm (Machovec, 2018).
The assessment process is also important since it helps the employees to be open- minded.
The workers come up with new ideas in which the company carries out its activities.
Results of the Environmental Scan
The environmental scan has supported my original vision.
The vision was aimed at ensuring that decisions are made effectively .
Every decision within a company counts and when the decisions are made by the employees and employers within a company, it shows that they are well thought (Parker et al., 2018).
From my learning some of the things emerged.
The first is that the accounting and finances have the ability to make or break an organization.
The reason is that the finances can be set in such a manner that the money in a company is used well and it can also make the firm not carry out its activities effectively.
The other emerging issue was that there is need for unity between the company’s top management and employees to make it more successful.
5
Results of the Environmental Scan
The preliminary strategic preliminary plan involves a series of steps.
Some of them include the strengths and weaknesses within an organization.
It also includes the goals and objectives of the company and what is expected of them.
It also involves the measures that organizations can take to improve its activities.
It also involves the developmental strategies and tactics that are used to evaluate certain results.
I have also considered for organizational culture for implementing the strategic initiative plan.
The reason is that the organizational culture helps in planning for what will happen in the company and the decisions that are going to be made.
References
Champion, C. (2018). Response to “Environmental scan and evaluation of best practices for online systematic review resources.” Journal of the Medical Library Association, 106(4), 552–553
Machovec, G. (2018). Consortial Ebook Archiving Environmental Scan. Journal of Library Administration, 58(1), 81–90.
Parker, R. M. N., Boulos, L., Visintini, S., Ritchie, K., & Hayden, J. (2018). Environmental scan and evaluation of best practices for online systematic review resources. Journal of the Medical Library Association, 106(2), 208–218.
