Business Model and Strategic Plan Essay

Prior to enhancing a product within a plumping corporation, the community must receive a strategic plan in target to contain that the change runs smoothly. The strategy plan get out focus on the companys strengths, weaknesses, opportunities, threats, and trends in terms of the reinvigorated product, by develop and performing a SWOTT analysis. A SWOTT analysis is an acronym for the inner Strengths and Weaknesses of a firm, and the environmental Opportunities and Threats facing that firm. SWOTT analysis is a technique through which managers create a quick overview of a companys strategic situation (Pearce & group A Robinson, 2013).SWOTT AnalysisOpportunity is definitely favorable situation in a companys environment meaning that the company stands to gain from this face of behavior. And the opposite of this is threat. A threat is an action that is not favorable. Strength is an utility that the firm has against its competitors and the market it is f junior-grade rately serving and expects to serve. Weakness is something that is not honest to the company and can hinder the companys achiever (Pearce & ampere Robinson, 2013).Internal ForcesInternal analysis is defined as an analysis of strengths and weaknesses counsel on internal factors that give an organization certain advantages and disadvantages in group meeting the acquires of its target market (Ballowe, 2008). Internal factors atomic number 18 important to decompose to better understand how the company aides in its own success or failure. This analysis allows a company to comp atomic number 18 past successes with current procedures to aide in the companys future endeavors.Some internal factors that go away be discussed are strategy, structures, processes & systems, resources, goals, technologies, and leadinghip. Mazdas in the altogether sectionalization go forth install a strategy that allows for the employees to effectively and businesslikely work up the pertly locomotive with the correct EPA guidelines. Although the new railway locomotive type is more(prenominal) expensive to build, Mazda has invested money into this new production line to build the engine and in the long run to be more profitable and environmentally sound. In terms of cost, processes and systems have to be in place to ensure that the new production line is efficiently ran and that employees are trained properly.This new division depart look into research and design from other companies who have effectively built interbreedingizing engines to compare ideas and look for innovative creations. The leaders in this division ordain follow EPA guidelines to ensure that there are no issues when inspections occur. Leadership within this division will set olympian goals that must be reached to attain success in terms of this new engine type. Leadership will continue to follow update engineering and make necessary changes. In terms of leadership, organization is a diagnose factor to ensure all members are sending a pursuant(predicate) message to the employees to avoid any undo mistakes. Continuing to build no-hit process and procedures to share with the employees will only help this division.External FactorsThe explanation of external analysis is the examination of opportunities and threats that exist in the environment and two opportunities and threats exist independently of the firm (Ballowe, 2008). External factors that the new division of Mazda will analyze are legal & regulatory, globose, economic, technological, innovation, social, environmental, and competitive analysis. A bully advantage that this new division has is that socially and environmentally, many individuals are elicit in preservation the environment as well as saving money economically.Unfortunately, other manufacturers also have hybridisation engines so Mazda will definitely have a good amount of competitors. The more competitors, the little advantage Mazda will have in sales. With th e increase in competition, prices will become more competitive meaning that the profit margin will be less. In terms of legal and regulatory, the EPA has high standards in regards to qualifications for hybrid engines which means this division of Mazda will have to ensure high  attribute and results.Supply ChainThis new division has created a new engine that is more environmentally sound and economical than any other political machine manufacturer at this time. Because Mazda not only wants to ensure low prices on their vehicles, this new engines production line will be in truth effective and efficient. Mazda understands that the supply chain of this engine has to have very little to no flaws if a profit will be made. Mazda will look to local companies and manufacturers for the parts to create to engine to ensure worst cost possible to build the engine. Because Mazda has a production center, adding to the center for this engine type was not too costly. Mazda was able to use curr ent employees to dismiss into the production line and leadership team for this new division.Major Issues and OpportunitiesA major issue or opportunity would be the ability to celebrate excellence and a competitive edge against other companies with hybrid engines. The hybrid model can be costly so Mazda will need to continue to look for ways to keep production costs low so the vehicle purchase price is affordable. The first research interrogatory is How can Mazda uphold an affordable selling price with a hybrid engine? The best way to understand how this can be through is to evaluate the purchasing of the parts for the engine, then ensure effective and efficient processes with the manufacturing site, and determine the best possible selling price.Another issue or opportunity that Mazda faces is keeping up to the high standards of the EPA. Mazda needs to do large amounts of research and make sure the design and building of the engine are on or above standards. The second question i s How can Mazda maintain EPA standards on the newly designed engine? Mazda can build a small team of employees who are specifically geared to ensuring that the engine is unendingly up to standards and the division is aware of any changes from the EPA.ConclusionIn conclusion, this new division of Mazda will continue to look for ways to improve efficiencies and metier to ensure a great product. This division can achieve this by effectively performing a SWOTT analysis and using the information to build a great product. Gaining knowledge and applying the new knowledge to the current processes will only impact Mazda in a positive manner.ReferencesBallowe, Todd, External Analysis, establish 5, 2008, retrieved online fromhttp//onstrategyhq.com/resources/external-analysis/.Ballowe, Todd, Internal Analysis, March 5, 2008, retrieved online fromhttp//onstrategyhq.com/resources/internal-analysis/.Pearce, J. A. II. (2013). Strategic management Planning for domestic and global competition( 13th ed.) New York, NY McGraw-Hill.