(Please submit assignment back as attachment)
Conduct an internal and external environmental analysis for an IT services business. Using the information obtained from your internal and external analysis. List assignment, create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
a. External forces and trends considerations:
1) Legal and regulatory
8) Competitive analysis
b. Internal forces and trends considerations:
3) Processes and systems
6) Strategic capabilities
Prepare a 1400 word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include economic as well as legal and regulatory forces and trends. Your synopsis should identify the major decisions and recommendations for your selected forces and trend, which may need to be considered for your business. Please submit the SWOT table along with the paper (it may be submitted as a separate attachment or copy and paste at the bottom of the paper).© BrainMass Inc. brainmass.com October 10, 2019, 12:20 am ad1c9bdddf
Running Head: SWOTT ANALYSIS FOR IT SERVICES
SWOTT analysis for IT Services
SWOTT analysis is a critical process of evaluating all the dimensions of the market that are important for the company business (Pierce & Robinson, 2004). SWOTT analysis is a crucial tool that is employed by the organization in assessing the strategic position of the company in terms of the market share, competitive positioning and profitability (Stahl & Grigsby, 1997). With the help of SWOTT analysis, the company can gain an in-sight about the strengths, weaknesses, opportunities, threats and trends. SWOTT analysis is the helpful tool that can leverage the lucrative opportunities existed in the marketplace (Wheelan & Hunger, 2004). This is the internal as well as external appraisal of the company in which all the pertinent aspects are covered (Stahl & Grigsby, 1997).
This synopsis is based on the evaluation of environmental factors of the business of IT services. With the help of this report, the management can evaluate the factors related to the long term profitability and various obstacles in the success of organization (Wilson & Gilligan, 2005).
External Environmental Analysis
The external environmental analysis will comprise legal and regulatory factors, economical factors, technological factors and innovative factors for the business of IT services (Wilson & Gilligan, 2005).
Economic Factors: The economic factors show the present and future growth of the organization as per the economic environment of the business industry. High chances for the possibility of exceptional growth of the economic condition of the United States of America are one of the strong factors for the IT services firm (Global Strategic Trends: Global Perspectives, 2008). It is necessary for the management to evaluate this aspect because of the recession and market rate fluctuation, which ultimately gives a negative impact on the success of the business (Pierce & Robinson, 2004). With the help of this the firm also can identify various opportunities to deliver unexpected economic services and information to the clients in advance (Stahl & Grigsby, 1997). The business firm should access the competition within the industry and plan various strategies to cope up with the changes because these reflects both the increases and decreases trend due to the frequent economic changes (Brown, 2009).
Legal and Regulatory Factors: The main strengths of this external factor are the improvement in the potentiality of the company's strategy formulation. In the It services sector, the legal and regulatory framework provide security to the business firm that nobody can use the services of the ...
A SWOT analysis paper and table is constructed for internal and external environmental analysis for an IT service business.