Tuesday, February 26, 2019

Environmental Scan Paper Essay

A business environs is made up of both subjective and external factors. The environment of a business moldiness be scanned to be open to determine what factors the companionship can use of goods and services to determine the development and forecasts that ordain help in the success of the business. The description of environmental Scanning, as per worrystudyguide.com, is the possession and utilization of information about occasions, patterns, trends, and relationships within an organizations internal and external environment. Scanning is utilise to identify the threats and opportunities that exist in the business environment. Some of the internal environment factors that a company must observe include employee interaction with individu tout ensembley other(a), with management, manager interaction with other managers, and manager interaction with manageholders, brand aw argonness, organizational structure and the main staff (managementstudyguide.com, 2012).The company w hitethorn use other resources to gain this information as in group discussions, surveys and interviews. This information than may be used to identify the strengths and helplessnesses of the company. External environment plays an important component part as a company exercises to become more competitive and changes start to occur. As these changes start to occur, it becomes essential for the company to identify what their competitors are doing. These changes may also affect the internal environment, so it is important that the company modify its core competencies as per the external environment.Because external environments are endlessly changing, the company should be ready at all times to be able to accept and adjust to the environmental changes. External monitoring could include the pilot burner forecasts of raw materials, which may affect the credibility of the original source. This bequeath absorb the company to be more focused on scanning, forecasting and psychoanal ysis to wee-wee a more trustworthy prediction and the input be (managementstudyguide.com, 2012). The external environment scan should include three areas immediate/ patience environment, national environment, and the broader socio-economic environment/macro-environment.CompaniesThe two companies that will be used in this paper will be orchard apple tree and intent. Both of these companies obligate survived a tough economy over the years by having to adjust to some external and internal environmental factors. apple, as nigh of us know, is a successful producer of computer hardware and software. bearing, is one of the largest retail companies, rightly behind Wal-Mart, in the U.S. The environmental scan is used to evaluate the threats, opportunities, strengths and weakness of both orchard apple tree and Target. This will help identify external and internal areas that may need help and the areas that have been successful.StrengthsThere are some(prenominal) strengths that have made orchard apple tree a success. apple is kn possess to plead superior products such as the iPhone, iPad, iPod and many others. They control both the manufacturing of its products as well as its operating system (http//www.slideshare.net/edbiy/swot-analysis-for-apple, 2012). apple also produces its own internal components for the core of their products. They also set a high bill for the look of their products to make sealed that the customer is extremely satisfied. Apple is al commissions evolving and creating new and updated products. Apple has a very loyal customer ancestor that will buy the new and updated product regardless of what it costs. The company rail line is also the highest in their personal history.Target is a monster of a company as well. As of 2011, the diversification of its store chain was at 1,750 stores. The stores are big anywhere between 95,000 to 135,000 square feet is size. As of 2011, Target has a presence in all states except Vermont. Due to the competitor with Wal-Mart to obligate their product costs low, Target has seen increases in gross year afterwards year, with their 2011 revenue equaling $67 billion. Target has adapted to their specific demographic locations and volunteer three different types of stores Target Green Lands, Super Target, and their urban stores. And most important, Target offers a wide variety of goods clothing, electronics, beauty, and home furnishings to just telephone a few.WeaknessesAs cosmos the leader in the electronic industry, Apple is faced with having to ensure their product is consistent and quality is number one. not all of Apples products are without flaws. With their competitors making similar devices, Apple must continue to invest in research and development, to make sure any flaws dont hamper hereafter success. With Apple being a financial stable company, any wish of debt could be seen as a weakness for their infrastructure as it may pose a risk for stock acquisition by other companies (http//www.slideshare.net/edbiy/swot-analysis-for-apple, 2012). As for Target, their lack of an internal presence is a weakness. Though their products are considered low cost, the quality of their product is better than Wal-Mart, which makes Targets products a higher price than their competitor. Employee wages have also been considered low, forcing some employees to look for work elsewhere.ThreatsWith Apple products saturating the market, Microsoft has still be able to hold a consistent share of the market as well. Within the industry, there are many competitors that magic spell to the economic conscience. Companies such as HP and Dell are oblation low-budget computers that are appealing to customers that cannot afford the Apple product. Apple must be able to produce their products and set a financial standard so they do not lose out on a certain market of people.Target has their threats as well. Kmart and Wal-Mart both offer similar products but at a refuse cost. With todays economy, customers may sacrifice the quality of a product to get a lower price. Target may have to restructure their product base to keep from losing out to the competition.OpportunityWith Apple being a technological leader, they are known for their originality and innovative thinking. iLife is a new product that allows users to link up multiple programs through one central application. Apple has found a way to simplify a persons life, by consolidating what that person needs into one little package. That is innovation at its finest. Apple will continue to develop new opportunities through innovation and shift new ground in different markets.Target introduced that the company will expand into Canada, this being the first step into the international market. The company will focus on reducing operational cost and increasing their revenue ratio. Target will continue to push the private labled products to customers, to focus on low cost products. These companies are creating valu e by offering a product that is made up of tangible and intangible attributes that the customer values. These companies are able to obtain money for the costs which then generates benefits that it values. Apple and Target create products that offer many solutions for their customer. This creates a competitive advantage for these companies. original advantage is the advantage that a company has over its competitors, allowing it to generate great sales or margins and/or retains more customers than its competition (Investopedia.com, 2012). Both companies have shown that they offer a product that has been superior to their competition, which in turn has generated greater sales for these companies. The mission statement of a company is a way to evaluate how a company may measure their effectiveness. Apple states, Apple computer is committed to protecting the environment, health and safety of our employees, customers and the global communities where we operate.We get along that by integ rating sound environmental, health and safety management practices into all aspects of our business, we can offer technologically innovative products and services while conserving and enhancing resources for future generations. Apple strives for continuous improvement in our environmental, health and safety management systems and in the environmental quality of our products, processes and services. Target states, Our mission is to make Target your preferred shopping destination in all conduct by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling our Expect More. Pay Less. brand promise. Both Apple and Target have shown continued success, both following their mission to create a better experience for their customers.ReferencesAnswers, W. (2012). Answers. Retrieved October 08, 2012, from WikiAnswers.com http//wiki.answers.com/Q/What_is_the_mission_statement_of_apple_incInvestopedia. (2012). Competitive Advantage. Retrieved October 08, 2012, from Investopedia.com http//www.investopedia.com/terms/c/competitive_advantage.aspaxzz28k4ujJ6xManagementstudyguide.com. (2008-2012). Environmental Scanning-Internal & External Analysis of Environment. Retrieved October 08, 2012, from Managementstudyguide.com http//www.managementstudyguide.com/environmental-scanning.htmMixx, M. (2012). Targer fig up Analysis. Retrieved October 08, 2012, from MarketMixx.com http//marketingmixx.com/marketing-basics/swot-analysis-marketing-basics/177-target-corporation-swot-analysis.htmlTarget Brands, I. (2012). Mission & Values. Retrieved October 08, 2012, from Target.com http//corporate.target.com/about/mission-valuesUnknown. (2012). Slideshare.net. Retrieved October 08, 2012, from SWOT Analysis for Apple http//www.slideshare.net/edbiy/swot-analysis-for-apple

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