The NAICS 481 internal and external analysis report
This is a paper that is focusing on the NAICS 481 internal and external analysis report. The paper also provides additional information to use in the writing of the assignment paper. Below is the assessment description to follow:
The NAICS 481 internal and external analysis report
Introduction
Firstly, the introduction should set the stage for your paper. In this section, you should talk about the selected industry and
the role it plays in the global marketplace. What is the target market of the industry and is the market considered to be in the introduction, growth, maturity, or decline phase? What company have you selected to emphasize the significance of the industry and its performance?
External Analysis
Secondly, the goal of the external analysis is to perform an objective assessment of the changing global environment in which companies must operate. Consider the external analysis as an early warning system of potential opportunities and threats within a given industry with the ability to affect the sustainability of a corporation.
Leveraging PESTEL (Political, Economic, Social, Technological, Environmental, and Legal) or STEEP (Social, Technological, Economic, Environmental, and also Political) conduct an external analysis of the primary industry where organizations/corporations who would benefit from your strategies would reside. Your assessment should identify and discuss the opportunities and threats and provide details to justify each.
Internal Analysis
Thirdly, the goal of the internal analysis is to perform an honest assessment of the organization’s competency, cost position, and competitive viability in the global marketplace. Consider the internal analysis as an early warning system of potential strengths and weaknesses within a given organization. If not properly addressed, these elements can erode the sustainability and ultimately lead to the demise of the organization.
At the industry level, you must first identify the financial ratios that are most important to evaluate. What is the industry-average performance for each financial ratio? What is the state of the industry? Also, what are the deficits and what are the advantages the industry has today and potentially in the future?
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