You all have already created solutions for this fictitious company but I have a couple questions that are different. I am hoping that you are able and willing to provide me the solutions that I need. I really only need the solutions to the highlighted sections in the file. Thank you in advance.© BrainMass Inc. brainmass.com October 17, 2018, 1:12 pm ad1c9bdddf
• A complete strengths, weaknesses, opportunities, and threats (SWOT) analysis (including at least 5 factors from each category and full explanations of why each factor is important and why it was placed in the category) of the environment that exists within ToolsCorp and the environment that ToolsCorp is proposing.
SWOT Analysis of ToolsCorp:
Toolscorp has a strong experience and brand reputation in the power tools market. They have been in the business for a long time which enables them to enjoy strong growth and sales in United States. The company has a strong distribution network in the local market. It has a strong manufacturing base in US as well. These factors allow Toolscorp to strongly expand in the North American market.
One of the major weakness of Toolscorp is its excess dependency on the local market. The company does not have international presence and thus, its growth is tied to the growth of the local North American market. The US market is still revising from recession and Eurozone troubles does not predict a good picture for the developed markets. Hence, Toolscorp desperately needs to diversify in new emerging markets.
Further, the company does not have online retail presence. It needs to step up on its technology investments to compete with other players in the industry.
Strong growth opportunities exists for Toolscorp in several emerging markets across the globe such as India. Toolscorp can set up manufacturing facilities in low ...
The expert discusses elements of business plan of Toolscorp's global expansion initiative.
Hi, I want make good comment for this topic
1- Please Make comment and Agree (OR) No with (Jim) about his Executive Summary, the comments not lower than 5 lines.
2- Please Make 1 or 2 Question on this topic after end the comment . I give you Examples of comments in the end my question. (Look The Examples).
The purpose of this paper is to obtain permission from the Strategic Officers Steering Committee (SOS-C) of ToolsCorp to advance this company in the right direction and go global. ToolsCorp manufactures power tool and small appliance, locally in the U.S., and sells products through large retailers. Although we have a thriving business in the United States and Canada, ToolsCorp wants to break into the global marketplace.
The power tools and small appliances industry is heavily sedated with an abundance of option and choices to select from when in the market for power tools, lawn mowers, lawn furniture, microwaves, or ranges. We will become known as one of the most sought after companies when it comes to power tools and small appliances. Every decision we make will be infused with the customer in mind.
Reviewing the trends and historical patterns of others attempts, failures, and successes will be the process taken in determining the next steps. ToolsCorp's mission is to possess the leading edge in our industry by growing into the global marketplace through innovation and technology over our competitors. ToolsCorp plans to align our mission and company values and take our business into countries like Asia, Europe, and South America.
Research shows that the consumer demand and the products and services we can deliver are compatible. This business plan for ToolsCorp has been created to introduce the magnificent products and services to the masses and to spread the word about just how unique and exciting this company is and how ready this company is to expand into other markets. Over the next one year, ToolsCorp will increase its distribution, offer a variety of power tools and small appliances options, and gain new customers.
Expanding a company into new territories is a huge endeavor to take on and it is never void of risk. Doing extensive research and developing important business relationships is a must. In preparation against
the competition that may try to take advantage of ones weaknesses, ToolsCorp plans to take into consideration every single detail, in defense, for the sake and success. It is recommended and we are asking for permission to take this company global. Advancing the manufacturing and sales of power tools and small appliances can only propel ToolsCorp to the next level. ToolsCorp is currently thriving and plans to continue to thrive in a global market that is ready to welcome us with open arms.
( Example of comments 1)
Hi Jim, I like your comment "Reviewing the trends and historical patterns of others attempts, failures, and successes will be the process taken in determining the next steps." That's actually a smart move! A company does not really need to reinvent the wheel; just find something that actually worked for the competition and and make it better, or learn from their mistakes. Its a useful tool and it sure help to save a lot of time.
( Example of comments 2)
Hi Jim, I was reading your post and you mentioned the risk of expanding a business form a global aspect. I agree. Expansion on a global level offers risk that can sometimes outweigh the reward globally. If we were to examine the process of cultural conflicts this could mean that the territory is more friendly towards local businesses that have been embedded in their area for years. Then we could look at the governmental portion which may require the company expanding to pay higher valued taxes or have restriction with distribution and or sell so they may control the way money is spent. All in all, so many factors and so many considerations to review in the process.