The strategic management 6-step process starts with identifying an organization’s mission and the next step is to analyze the external and internal organizational environments to perform a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis.
Preparing a business plan mirrors this process. Every new business or new department or SBU requires careful business planning. Not only does a business plan determine what you’re going to do and how you’re going to do it, this plan provides a sound basis from which you can obtain resources, funding and loans for this business.
As we learned in earlier business classes, creating a business plan involves setting goals and objectives, preparing a market analysis, a product analysis, SWOT analysis, determining how you will use resources and more.
For this assignment, imagine you want to start your own business. **(Please use a Photography business)**
When you have selected your type of business/product, use the Internet to conduct your research and prepare the following:
- Write a brief description of your business and its purpose.
- Create a mission statement.
- Through research, Identify and describe your competitors.
- Perform a SWOT analysis for your business.
- Strengths
- Weaknesses
- Opportunities
- Threats
- In conclusion, how will careful planning and allow your business to be successful?
Assignment Criteria
- Your report should be approximately 2 pages long.
- Use APA style to create this assignment. You are not required to create an abstract.
- 8 years ago
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- photography_company.docx