Auto Repair Business Facility
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O External forces and trends considerations:
â?¢ Legal and regulatory
â?¢ Global
â?¢ Economic
â?¢ Technological
â?¢ Innovation
â?¢ Social
â?¢ Environmental
â?¢ Competitive analysis
o Internal forces and trends considerations:
â?¢ Strategy
â?¢ Structures
â?¢ Processes and systems
â?¢ Resources
â?¢ Goals
â?¢ Strategic capabilities
â?¢ Culture
â?¢ Technologies
â?¢ Innovations
â?¢ Intellectual property
â?¢ Leadership
â?¢ Develop a synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following:
o Include economic as well as legal and regulatory forces and trends.
o Critique how well the organization adapts to change.
o Analyze the supply chain operations of the organization.
o Identify issues and/or opportunities:
â?¢ Identify the major issues and/or opportunities that the company faces based on your analysis above.
â?¢ Generate a hypothesis surrounding each issue and research questions to use for conducting analysis.
â?¢ Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.
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Solution Summary
External forces and trends considerations:
â?¢ Legal and regulatory
â?¢ Global
â?¢ Economic
â?¢ Technological
â?¢ Innovation
â?¢ Social
â?¢ Environmental
â?¢ Competitive analysis
Solution Preview
Legal and regulatory forces provide guidelines on how a particular business has to be carried out. It is important to consider all the legal and regulatory factors required for an auto repair business facility. Violation of legal issues could lead to severe punishments and penalties. Taxation policies laid by the government have to be carefully analyzed. Proper disposal of oil based product is another important issue to be considered. Environmental protection laws, Taxation policy, Employment laws, Government policy and Legislation each has to be carefully studied. The biggest opportunity for the company would be to stay abreast of current laws and abide by it. Doing so, the company can go a long way. Making environment friendly products and services, would help the customers to believe in the company. Being socially responsible would become greatest asset for the company. It would enhance its public image, market share and thus the profitability of the company.
Satisfied employees are also biggest strength of the company. Compliance with the employment laws would lead to satisfied work force and thereby increased productivity. In this competitive scenario, the trend is that each company is making an extra effort to provide hygienic and greener products. They keep themselves updated about the legal issues required throughout the supply chain.
Economic factors such as disposable income, standard of living, employment levels, and business cycle and like have to ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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