Business Model and Strategic Plan Essay

Prior to enhancing a product inwardly a large corporation, the social club must engage a strategical figure in place to find out that the change runs smoothly. The strategy plan leave focus on the companys strengths, weaknesses, opportunities, threats, and trends in footing of the peeled product, by developing and performing a SWOTT epitome. A SWOTT abridgment is an acronym for the internal Strengths and flunkes of a firm, and the environmental Opportunities and Threats facing that firm. SWOTT analysis is a technique through which managers create a quick overview of a companys strategic piazza (Pearce & Robinson, 2013).SWOTT AnalysisOpportunity is decidedly favorable situation in a companys environment meaning that the company stands to gain from this type of behavior. And the opposite of this is threat. A threat is an action that is non favorable. Strength is an avail that the firm has against its competitors and the market it is currently serving and expects to se rve. Weakness is something that is not beneficial to the company and squirt hinder the companys success (Pearce & Robinson, 2013). inwrought ForcesInternal analysis is defined as an analysis of strengths and weaknesses focusing on internal factors that give an organization certain expediencys and disadvantages in meeting the needs of its target market (Ballowe, 2008). Internal factors ar distinguished to analyze to better understand how the company aides in its deliver success or failure. This analysis allows a company to compare retiring(a) successes with current procedures to aide in the companys future endeavors. approximately internal factors that will be discussed are strategy, structures,processes & systems, resources, goals, technologies, and leadershiphip. Mazdas sensitive element will systema skeletale a strategy that allows for the employees to in effect and efficiently build the unexampled railway locomotive with the correct EPA guidelines. Although the new rai lway locomotive type is much(prenominal) expensive to build, Mazda has invested coin into this new business line to build the engine and in the long run to be more profitable and environmentally sound. In terms of greet, processes and systems have to be in place to construe that the new production line is efficiently ran and that employees are trained properly.This new grade will nip into look into and design from other companies who have effectively built hybrid engines to compare ideas and look for innovative creations. The leaders in this division will follow EPA guidelines to ensure that there are no issues when inspections occur. Leadership within this division will set rare goals that must be reached to attain success in terms of this new engine type. Leadership will watch to follow update engineering science and make necessary changes. In terms of leadership, organization is a rudimentary factor to ensure all members are sending a unvarying message to the employ ees to avoid any undo mistakes. Continuing to build happy process and procedures to share with the employees will exclusively help this division.External FactorsThe definition of external analysis is the examination of opportunities and threats that exist in the environment and both opportunities and threats exist independently of the firm (Ballowe, 2008). External factors that the new division of Mazda will analyze are legal & regulatory, global, economic, technological, innovation, social, environmental, and competitive analysis. A great advantage that this new division has is that socially and environmentally, many individuals are interested in saving the environment as well as saving money economically.Unfortunately, other makers also have hybrid engines so Mazda will definitely have a good amount of competitors. The more competitors, the less advantage Mazda will have in sales. With the increase in ambition, prices will give way more competitive meaning that the profit mar gin will be less. In terms of legal and regulatory, the EPA has high standards in regards to qualifications for hybrid engines which mean this division of Mazda will have to ensure highquality and results. deliver ChainThis new division has created a new engine that is more environmentally sound and economical than any other car manufacturer at this time. Because Mazda not only wants to ensure low prices on their vehicles, this new engines production line will be really effective and efficient. Mazda understands that the supply chain of this engine has to have very lowly to no flaws if a profit will be made. Mazda will look to local companies and manufacturers for the parts to create to engine to ensure lowest cost possible to build the engine. Because Mazda has a production center, adding to the center for this engine type was not too costly. Mazda was able to use current employees to move into the production line and leadership team for this new division.Major Issues and Opport unitiesA major issue or probability would be the ability to maintain morality and a competitive edge against other companies with hybrid engines. The hybrid good example can be costly so Mazda will need to continue to look for ways to keep production costs low so the vehicle purchase price is affordable. The first research question is How can Mazda maintain an affordable selling price with a hybrid engine? The best way to understand how this can be done is to gauge the purchasing of the parts for the engine, then ensure effective and efficient processes with the manufacturing site, and fixate the best possible selling price.Another issue or opportunity that Mazda faces is keeping up to the high standards of the EPA. Mazda needs to do large amounts of research and make sure the design and building of the engine are on or above standards. The second question is How can Mazda maintain EPA standards on the newly designed engine? Mazda can build a clear team of employees who are s pecifically geared to ensuring that the engine is always up to standards and the division is aware of any changes from the EPA.ConclusionIn conclusion, this new division of Mazda will continue to look for ways to improve efficiencies and effectiveness to ensure a great product. This division can achieve this by effectively performing a SWOTT analysis andusing the information to build a great product. Gaining knowledge and applying the new knowledge to the current processes will only impact Mazda in a positive manner.ReferencesBallowe, Todd, External Analysis, March 5, 2008, retrieved online fromhttp//onstrategyhq.com/resources/external-analysis/.Ballowe, Todd, Internal Analysis, March 5, 2008, retrieved online fromhttp//onstrategyhq.com/resources/internal-analysis/.Pearce, J. A. II. (2013). Strategic management Planning for domestic and global competition(13th ed.) New York, NY McGraw-Hill.