Employing Strategy a Competitive Environment This assignment builds strategy elements created Assignment 1. Please assigment Write a (4) page paper: 1.Create environmental scan company indicating significant environmental threats discuss company respond threat ensure impact business minimal.
Employing strategy
Environmental scan
The Amber Snack Company operates in a highly complex and dynamic industry, in which the final success of the firm is influenced by a series of external factors, and mostly, by the company's ability to integrate these factors within its business model. The more relevant examples in this sense refer to the threats which impact the industry, which can be summarized as follows (the table also provides recommendations as to how the company should approach the threat):
The threat
The proposed solution
1.
Intensifying competition in both domestic and international market places
Attract new customers
Increase customer loyalty
2.
Increasing operational costs due to increasing international prices in commodities
Better budget allocation and internal planning processes
3.
Rapidly evolving technologies which force costly innovation to be supported
Allocation of budgets for innovation; technologic integration in business operations
4.
Increasing pressures from the stakeholders to operate in a more socially and environmentally responsible manner
Implementation of corporate social responsibility programs and strategies
5.
Changing customer needs and behaviors, such as an increasing emphasis on a healthier...
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now