Purchase Solution

ToolsCorp Corporation Comment

Not what you're looking for?

Ask Custom Question

Hi Mr.Ashish Sharma, MBA (IP)
please Writing your own comment on this topic .
1- please be encouraging comments . not lower than 5 Lines .I give you Example of comment in the end my question. (Look The Example)
2- And make 1 question on the topic,after your comment.
Subject:
Peter Drucker said, "The prime task of strategic management is thinking through the overall mission of a business" (David, 2016, p. 6), therefore the first step I will take is to clearly understand the requirements of the Unit 5 IP and formulate a philosophical approach in my goal of completing the assignment. I will then do an analysis of the internal and external environment to better understand the factors that affect ToolCorp's sustainability and those factors that are favorable or unfavorable in meeting the set goals and objectives in breaking into the global Marketplace. Knowing ToolsCorp's strengths and weaknesses as well as its threats and opportunities will help the team prepare along the way.

I'll ensure to stay engaged with my teammates because a strategy is best implemented when everyone on the team is on board, engaged, understands the strategy and is committed. Without commitment from every member the end result tends to be a bit more challenging and unattainable (American InterContinental University [AIU], 2016).

Topic: ToolsCorp Corporation

I. Introduction

A. Abstract - Background on ToolsCorp Coporation

B. ToolsCorp's desire to break into the Global Market initiative

II. Body

A. SWOT Analysis

B. Business Plan

C. Mission Statement

D. Operational Principles

E. Market Analysis

F. One-five-ten year strategic objectives

G. Proposal (to include online marketing)

III. Conclusion

A. Conclusion - An effective and efficient strategic plan will allow Toolscorp to achieve and sustain a competitive advantage in the Global Marketplace

B. Recommendations - go forward with the next step (developing a full-blown business plan) for ToolsCorp's strategic initiative to break into the global marketplace

( Example of comment)
you have a perfect plan for Toolscorp, it looks like Toolscorp will engage in a industry and expand to its max. Toolscorp will be able to compete with companies internally , while developing thier products and fighting for the overall status of success in the industry. Great post this week.

References:
American InterContinental University. (2014). Scanning the Environment: Managing by Objectives? [intellipath]. Retrieved from American InterContinental University Virtual Campus, BUSN105-1403B-01: https://mycampus.aiu-online.com

David, Fred R. (2013). Strategic Management Concepts and Cases: A Competitive Advantage Approach, 14th Edition. [VitalSource Bookshelf Online]. Retrieved from https://bookshelf.vitalsource.com/#/books/9781256694489/

Purchase this Solution

Solution Summary

The answer to this problem explains the strategic plan of ToolsCorp Corporation. The references related to the answer are also included.

Solution Preview

Excellent plan, using the philosophical approach, analyzing the internal & external environment, and setting goals for breaking into the global marketplace is a well developed strategic plan. By also doing an internal analysis of strengths and weaknesses of ToolsCorp Corporation you will be able identify the company's internal capabilities, core competencies, and make good strategic ...

Solution provided by:
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution


Free BrainMass Quizzes
Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.