BUS499 WK6 Strayer General Environment & Strategies Please read the instruction in Attached Assignment 2 PDF and write the paper. It has to be written abou

BUS499 WK6 Strayer General Environment & Strategies Please read the instruction in Attached Assignment 2 PDF and write the paper. It has to be written about same corporation we used in last assignment so i have attached the Paper from last week. Please follow the instruction exactly like its mention in the attached PDF. Let me know if you have any questions. Thank you 1
Week 6 Assignment 2
Student Full Name
Strayer University
BUS499 Business Administration Capstone
Dr. Grizzell
Date
Everything in Blue should be deleted
Due Week 6 and worth 125 points
Using the corporation you chose from Assignment 1, examine its industry. Research the
company on its own Website, the public filings on the Securities and Exchange Commission
EDGAR database (http://www.sec.gov/edgar.shtml), in the University’s online databases, and
any other sources you can find. The annual report will often provide insights that can help
address some of these questions.
NOTE: Be sure to read Chapters 1-3 in the course textbook and complete the LEARN EActivities for Weeks 1-3 as they set the foundation to this assignment. Be sure to cite your
sources!
Begin your paper on Page 2 by writing a four page paper (does not include Title or Reference
pages) in which you:
2
Week 6 Assignment 2
Write your introduction here: It should be one (1) good paragraph (not more than 1
paragraph) to introduce the reader to your topic and it should explain in detail what your paper
will be discussing. Much of your introduction may be taken from the assignment itself (in your
own words). Read the scenario to get a feel for what the paper is about and explain what your
paper will be discussing – so be sure to review the Assignment instructions AND Rubric for
understanding. Finally, please ask me any questions about this assignment.
General Environment
Choose the two (2) segments of the general environment that would rank highest in their
influence on the corporation you chose. Assess how these segments affect the corporation you
chose and the industry in which it operates (for background, be sure to research and explain the
industry in which it operates. You could also define the general environment (cite your sources)
and could explain the segments you chose using the textbook/Learn).
Read Chapter 2 in the course text book. Review the Week 2 Learn video/Lecture for
supporting content. (cite your sources)
Five Forces of Competition
Considering the five (5) forces (model) of competition, briefly explain why these are
important to a firm.
Item 1
Choose one (1) of the five (5) forces (model) of competition that you estimate is the most
significant for the corporation you chose (it would help to define your choice from the textbook).
Read Chapter 2 in the course text book and review the Week 1 Learn video Lecture for
3
supporting content. A side note, the five (5) forces of competition is the same as “Porters 5
Forces of Competition. (cite your sources)
Item 2
Choose another one (1) of the five (5) forces (model) of competition that you estimate is
the most significant for the corporation you chose (it would help to define your choice from the
textbook). Read Chapter 2 in the course text book and review the Week 1 Learn video
Lecture for supporting content. A side note, the five (5) forces of competition is the same as
“Porters 5 Forces of Competition. (cite your sources)
Evaluation
Evaluate how well the company has addressed these two (2) forces in the recent past.
This will require some research.
Future Improvements
With the same two (2) forces in mind, predict what the company might do to improve its
ability to address these forces in the near future.
Read Chapter 1 in the course text book as each chapter it provides a solid
background and clues on this model that apply to this section. Review the Week 1 Learn
video Lecture for supporting content. (cite your sources)
External Threats and Opportunities
Assess the external threats affecting this corporation and the opportunities available to the
corporation. Read Chapter 2 in the course text book as it provides a solid background and
clues for this section. Review the Week 2 Learn video/Lecture for supporting content. (cite
your sources)
Threats and Opportunities Strategies
4
Give your opinions on how the corporation should deal with the most serious threat and
the greatest opportunity. Consider that Threats and Opportunities are External in origin (hint:
external environments). Justify your answer. Read Chapter 2 in the course text book as it
provides a solid background and clues for this section. Review the Week 2 Learn
video/Lecture for supporting content. (cite your sources)
Strengths and Weaknesses
Give your opinion on the corporation’s greatest strengths and most significant
weaknesses. Consider that Strengths and Weaknesses are Internal in origin (hint: Internal
environments). Read Chapter 2 and 3 in the course text book as it provides a solid
background and clues for this section. Review the Week 2 and Week 3 Learn video/Lecture
for supporting content. (cite your sources)
Strategy
Choose the strategy or tactic the corporation should select to take maximum advantage of
its strengths, and the strategy or tactic the corporation should select to fix its most significant
weakness. Justify your choices. Read Chapter 2 and 3 in the course text book as it provides a
solid background and clues for this section. Review the Week 2 and Week 3 Learn
video/Lecture for supporting content. (cite your sources)
Resources, Capabilities, and Core Competencies
Determine the company’s resources, capabilities, and core competencies. Read Chapter
3 in the course text book as it provides a solid background and clues on mission that apply
to this section. Review the Week 2 Learn video/Lecture for supporting content. (cite your
sources)
Value Chain
5
Analyze the company’s value chain to determine where they can create value using the
resources, capabilities, and core competencies discussed above. Begin by defining the value
chain as described in the course textbook. Read Chapter 3 in the course text book as it
provides a solid background and clues on mission that apply to this section. Review the
Week 3 Learn video Lecture for supporting content. (cite your sources)
6
Sources
Use at least three (3) quality references, one of which should be the course text book.
Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
List your reference here. The reference page must include all of the references you used, listed
in. All references listed here must be used (cited) in your paper. After deleting the blue fonts in
this template, make sure your original writing is turned to a black font.
Note: You will be graded on the quality of your answers, the logic/organization of the report,
your language skills, and your writing skills.
You will be graded on the quality of your answers, the logic/organization of the report,
your language skills, and your writing skills.
The specific course learning outcomes associated with this assignment are:
•
Identify how the six segments of the general environment affect an industry and its firms.
•
Identify the five forces of competition.
•
Analyze the external environment for opportunities and threats that impact the firm.
•
Analyze the internal environment of a company for strengths and weaknesses that impact
the firm’s competitiveness.
•
Use technology and information resources to research issues in business administration.
•
Write clearly and concisely about business administration using proper writing
mechanics.
NOTE: Strayer uses SafeAssign – an automated plagiarism checker. It is advised that you do
your own writing and use external resources (other websites) to support what you have written in
your own words.
Week 3 Assignment 1
Student Full Name
Strayer University
BUS499 Business Administration Capstone
Dr. Grizzell
Date
1|Page
Recent economic standards demand corresponding adjustments in different dimensions of
management perspectives. Initial management practices have proven to be inadequate in dealing
with the current highly dynamic business environment. Besides the situation has forced
organizations and economies to be more complex hence calling for more evolved, more acceptable
and complex perspectives on management of organizations. These changes have introduced new
operational risks, system risks, people and technological risks
(Feldman, 2012).
As well, globalization’s focus on political structures and expansion of business operations by
employing international strategies through political, environmental, socioeconomic and
technological advancements has dramatically affected the initial factors of business even in the
banking industry (Steger, 2017). More so, globalization has boosted competitive advantage of
institutions through cutting down on expenses into having a higher number of consumers, services,
and products. More specifically the banking industry has undergone tremendous changes in the
past and continuing decade. Economic development in the United States due to globalization is
evident in the global markets, cross-cultural management, foreign trade, resource imperative,
foreign investment, competition, culture and legal effects (Gaston & Khalid, 2010). In foreign
trade, for instance, globalization has developed it across the world into much higher levels than
before. It has fueled the independence of the United States economy just like that of other countries
(Gaston & Khalid, 2010).
The bank of America Corporation, in particular, is a publicly traded bank that offers a relatively
wide range of banking and financial services to corporations, businesses, institutional investors,
and individuals. Bank of America Corporation has 4800 branches in total operating in forty
different countries. More so, the Bank of America is a global bank that prides itself on having a
local focus. More so, in the United States, the Bank of America has a market share of 67 million
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consumers together with small business clients where it strives to provide financial convenience.
Into the details, the bank focuses on investment and corporate banking, wealth management, and
trading across a broad range of government assets, asset classes, serving corporations, individuals
and institutions around the world.
The bank of America Corporation has embraced globalization by fueling its global banking
segment. The bank’s global banking segment has been engineered to offer integrated working
capital management, lending related products and services, underwriting and advisory services and
treasury solutions to clients. Also, the global market segment includes trading services, sales,
currency, and credit, research to institutional clients across fixed income, commodity and equity
business. Notably, most of these products have been enabled by technology such as mobile
banking and online banking.
Therefore, technology has significantly contributed to globalization as it is in the modern business
market. Conveniently, technology has offered advanced systems that can aid in effective project
management over wide geographical areas. Technological advancement has been on a really fast
train. As a result, its imminence has given birth to new more advanced, complex, and dynamic
ways of doing business as well as security challenges. Moreover, due to the fact that technology
has taken over most of the social and business platforms in order to achieve convenience, cost
reduction, and accessibility information systems and security have become a point of concern.
Additionally, new technologies such as social media, emails, websites, artificial intelligence, data
and analytics have become the main tools of communication and information sharing mainly
through the Internet. Other than that, technology has also given birth to ATMs, Mobile banking,
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online banking through the internet and automation which has been a boost to convenience, time
and costs reduction.
Industrial organization is a subject that focuses on strategic behavior of business entities revolving
around both micro and macroeconomic activities such as antitrust policies, regulatory policies and
market competition. Economics refer to the ability of adequately allocating limited resources to
meet infinite human’s wants. Economic conditions are persistently changing forcing each prier
and present generation to handle these changes in different ways (Steinemann, 2011). A key
revelation is the ability of almost every aspect in the community including but not limited to social
life, cultural, politics and natural environment all affect economics significantly. Gans, King and
Mankiw (2011) point out that economics determining which goods and services to be produced.
Further, it determines on how those goods and services are going to be produced as well as their
distribution into the market.
On that note the bank of America Corporation should consider both micro and macroeconomic
factors that are directly or indirectly affecting their daily operations in order to realize more returns.
Such a strategy can be articulated through exploiting the opportunities offered by the business
environment such as the available demand for capital, credit, investment etc., avoiding or
mitigating the threats in the market such as fraud, cybercrime etc., focusing on the strengths of the
bank such as a big market share, liquidity, a strong brand, etc. and also being keen on weaknesses
of the bank such as being vulnerable to hackers, keeping up with modern technology etc.
A resource based model is an internal elaboration on how an organization’s unique combination
of resources is used to create value addition strategies. An organization’s goals and objectives are
only achievable when resources available to the organization are allocated in the best harmony
4|Page
possible. This can only be possible if the best resource based model is employed based on the
specialization and needs required. Nelson and Quick (2011), point out that for an organization to
realize its full potential it has to integrate resources to achieve its objectives, maintain a competitive
advantage, be in an attractive industry such as the banking industry for the case of the bank of
America corporation.
The vision statement of the bank of America Corporation is to continue to help their customers
grow and demonstrate how they can turn opportunities into reality. The vision statement helps the
bank have a mental picture of what they want to achieve over five, ten or more years. The statement
also provides inspiration and guidance for the entire work force.
The bank of America Corporation is also on a mission to offer leading and investment products
that improve underserved, low and moderate income communities, serve low and moderate income
individuals and families as well as create sustainable practice for the long run. Therefore, the
mission statement helps all the stakeholders know why the bank exists in the first place. And by
doing so the stakeholders are reminded in a concise manner of their main purpose in the
community.
Stakeholders are all parties that are directly or indirectly involved in the operations of an
organization from suppliers to the final product consumers. Stakeholders are the reason that an
organization exists, hence each one of them including the competitors are part of the turning wheel.
The employees of the bank of America are the ones who are responsible for delivering banking
services to the customers while suppliers provide the necessary material to offer the services and
the competitors ensure that the quality of services offered is up to standard.
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References
Feldman, A. (2012). Welfare economics and social choice theory. USA: Springer Science and
Business Media.
Gans, J., King, S. & Mankiw, N. (2011). Principles of microeconomics. USA: Cengage
Learning.
Gaston, N. & Khalid, A. (2010). Globalization and economic integration. Northampton. Edward
Elgar Publishing Ltd.
Nelson, D. B., & Quick, J. C. (2011). Understanding organizational behavior. Mason, OH:
South-Western Cengage Learning.
Steger, M. (2017). Globalization: A very short introduction. USA: Oxford University Press.
Steinemann, A. (2011). Microeconomics for public decisions. UK. Askmar Publishing
Hitt, M. A., Ireland, R. D., Hoskisson, R. E. Strategic Management: Concepts and Cases:
Competitiveness
and
Globalization,
10e.
[Strayer
University
Bookshelf].
Retrieved
from https://strayer.vitalsource.com/#/books/9781133708568/
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