Strategic Plan
Individual Strategic Plan
This analysis focuses on the internal and external strengths, weaknesses, opportunities, threats and trends that face Berry's Bug Blasters as the company seeks to thrive in a difficult marketplace. The internal analysis targets the how the company operates and how it can be competitive due to the structure of the company itself. The external examination focuses more on the competition that the company will see in the marketplace and how the company is equipped to deal with it.
Legal and Regulatory
The industry has had to endure a stronger regulations in the past couple of decades due to the potential danger that can come from the chemicals used to combat pests. Berry's Bug Blasters is strong in this area because they have made a commitment to only use products that have been certified as "green" by the industry which will keep them within federal guidelines. However, since the trend is toward greater environmental responsibility, it may be difficult to turn a profit while staying ahead of federal and state guidelines. The opportunity for the company is to determine new procedures that help them stay ahead of the competition, but the threat to the company is that others will be seeking the same proprietary innovations.
Global
The marketplace is worldwide and affords Berry's Bug Blasters the opportunity to work with pest control professionals from around the world to ensure that they have the best eradication processes. However, competition in the world and local markets is difficult because name recognition is a key to realizing new business. The company can turn this potential weakness into an opportunity by maintaining that they are strictly a green company from the start.
Economic
Any startup company is subject to weak a weak financial structure unless they have potential finances secured for at least five years of business. The world economy remains sluggish and it will be difficult for customers to afford pest control services and for a new company to survive in a competitive market. However, Barry's Bug Blasters has an opportunity to use its strength, a commitment to green products and processes, to grow its customers base.
Technological
New technologies are coming available constantly, and Berry's will employ the latest pest control devices to do its job better. The available technology may be expensive, but ensuring that this is a healthy alternative to former methods of pest control will drive customers to Berry's. One weakness in this plan could be that the company that uses technology that is too expensive and they cannot overcome the financial margins required to make themselves profitable.
Innovation
Most of the green "innovations" used in pest control are in developing more humane methods for dispatching pests. By using catch-and-release style traps, Berry's can demonstrate how they can safely eliminate large pest problems, and they can also use the expertise of their team to further innovate new methods of eliminating smaller pests. Unfortunately, many of the new methods of pest control are proprietary until patents run out, so the company will have to make sure that any new innovations are beyond copy right infringement laws.
Social
One of the greatest trends for any company, and a great opportunity for developing new business, is social media. A potential strength for the company is the development of social media outlets. The possible threat here is if the company does not perform jobs well and is subject to poor reports on social media which could undermine the business also.
Environmental
The key to Berry's Bug Blasters business model is that the company will use environmentally safe products and processes. The trend across the business world is to ensure that every process is environmentally friendly and that it can be demonstrated as such. The weakness that the company faces is that environmental compliance can be costly financially. There is the possibility that processes or products once determined to be environmentally friendly can later be determined to be harmful.
Competitive Analysis
There are many pest control companies that customers can choose...
The main advantage is that the stories are well documented and written in an objective manner. 2008, GSK Outlines Plans to Become More 'Biotech-like', Fierce Biotech, http://www.fiercebiotech.com/story/gsk-outlines-plans-become-more-biotech/2008-06-10 last accessed on June 3, 2009 2009, GlaxoSmithKline Plc., Hoovers, last accessed on June 3, 2009 -- Hoovers is a centralized database that reveals information on multiple organizations. The benefit is that the data offered is extensive and comprises features such as industry forecasts,
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