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Week 6 External and Internal Environments Assignment

Student’s Full Name

BUS499 Business Administration Capstone

Professor’s Name

Date

Week 6 External and Internal Environments Assignment

Write your introduction here. Include one paragraph (not more than 6 lines of text) that explains what your paper will discuss. Much of your introduction may be taken from the assignment instructions (in your own words).

General Environment

In this section you will choose the two segments of the general environment that would rank highest in their influence on the public corporation of Samsung. You must Use two from the images below image.

. Do not assess all the segments—only assess the two segments that rank highest in influencing Samsung. You will then assess how these segments affect the corporation and the industry in which it operates. There are two subsections below, each has a heading. The heading “Segment 1” should be changed to the first segment of the general environment you select. The heading “Segment 2” should be changed to the second segment of the general environment you select.

Segment 1

This subsection is where you assess the first of the two segments of the general environment you think ranks highest in its influence on Samsung. Assess how this segment affects the corporation and the industry in which it operates. Remember that to assess a concept, you will weigh all aspects to judge the importance or relevance of that concept. Do not simply define the segment.

Segment 2

This subsection is where you assess the second of the two segments of the general environment of Samsung.

Five Forces of Competition

In this section you will consider the five forces of competition and choose the two that you estimate are the most significant for Samsung. Use two of the ones in the image below.

You will then, evaluate how well the company has addressed each of these two forces in the recent past. There are two subsections below, each has a heading. The heading “Force 1” should be changed to the first of the two forces of competition you select. The heading “Force 2” should be changed to the second of the two forces of competition you select. Replace this paragraph with a very brief introduction that includes the identification of the two forces of competition for Samsung.

Force 1

This subsection is where you evaluate the first of two forces of competition that you estimate to be the most significant to Samsung. Provide a thorough assessment of why you think the selected force is significant to your corporation. A thorough assessment is defined as providing a complete response that is not superficial or partial regarding the various details of the concept.

Evaluate how well the company addressed the selected force in the recent past. This will require some research. Remember that to evaluate a concept, you will break down all components to determine or analyze facts, value, or views. Your evaluation should demonstrate that you have read, understand, and can apply the concepts covered in the research. Do not write about the selected force in general terms. Your evaluation should be directly related to your selected corporation and include a thorough evaluation of how the company has addressed the force recently. You must display an understanding and demonstrate an ability to apply the concepts in a real-world evaluation Samsung.

Force 2

Choose another one of the five forces of competition that you estimate to be the most significant Samsung. This should not be the same force assessed in the “Force 1” section above. Follow the same guideline above for this force.

Future Improvements

With the same two forces assessed and evaluated in the previous two sub-sections above, predict what Samsung might do to improve its ability to address the forces in the near future. Your writing here should provide a thorough prediction of what the company should do to address impacts from the selected forces. This section should be your prediction of what the corporation should do. Your prediction should be your own, not predictions or recommendations from your sources or actions your corporation has already taken or plans to take. Remember that a thorough evaluation is defined as providing a complete response that is not superficial or partial regarding the various details of the concepts. Your prediction should be specific to Samsung, relevant to the evaluation you conducted, and directly related to improvements the corporation could make to address the two forces you selected in the two sub-sections above.

Greatest External Threat

Identify what you consider to be the greatest external threat to Samsung. The threat should be specific to your corporation. Justify why you consider the threat to be the greatest. Support your justification with an assessment of the impact the threat has on the corporation. For example, your justification could include a comparison of other threats or an evaluation of facts that support the magnitude of the threat’s impact. Follow this justification with a discussion on how the corporation should address the threat. Specifically describe the strategy and provide a justification that supports why you believe the strategy will be successful in combating the threat. This section must include both a clearly identified external threat and a clearly articulated actionstrategy the corporation should take to address the threat. Do not write in general terms.

Greatest Opportunity

Identify what you consider to be the greatest opportunity for Samsung. The opportunity should be specific to your corporation. Justify why you consider the opportunity to be the greatest. Support your justification with an assessment of the impact the opportunity could have on the corporation. For example, your justification could include a comparison of other opportunities or an evaluation of facts that support the magnitude of the opportunity’s impact. Follow this justification with a discussion on how the corporation could best take advantage of the opportunity. Specifically describe the strategy and provide a justification that supports why you believe the strategy will be successful in adding value to the corporation. This section must include both a clearly identified opportunity and a clearly articulated action the corporation should take to take advantage of the opportunity. Do not write in general terms. Your writing here should be specific and incorporate the concepts relating to opportunities and the external environment.

Strengths and Weaknesses

Give your opinion on the corporation's greatest strengths and most significant weaknesses. Keep in mind that strengths and weaknesses are internal to the organization (i.e. the internal environment). You will need to address both the greatest strengths and most significant weaknesses. Do not choose one or the other. Both the greatest strengths and most significant weaknesses must be addressed. Do not write in general terms. The identified strengths and weaknesses should be specific to Samsung. Include a justification that supports your opinions. This section must include both clearly identified strengths and clearly identified weaknesses.

Strategy or Tactic

Choose the strategies or tactics the corporation should select to take maximum advantage of the strengths you identified in the section above, and the strategies or tactics the corporation should select to fix the most significant weaknesses you identified. You will need to select strategies/tactics for both the strengths and weaknesses. Do not choose one or the other. Strategies/tactics for both the strengths and weaknesses must be addressed. Justify your choices. Your justifications should be sound and thoroughly explained. For example, do not simply state that the corporation should choose a selected strategy, but rather explain why the strategy is a good choice for your corporations’ specific strengths or weaknesses.

Resources, Capabilities, and Core Competencies

Determine the company's resources, capabilities, and core competencies. Your determination should include an explanation of the relevance of each resource, capability, and core competency. Do not simply list the resources, capabilities, and core competencies. Remember that a thorough determination will provide a complete response that is not superficial or partial regarding the various details of the concepts. Do not write in general terms.

Sources

1. Michael A. Hitt. 2020. Strategic Management: Concepts and Cases: Competitiveness and Globalization 13th ed. Cengage Learning.

2. Author. Publication Date. Title. Page # (written as p. #). How to Find (e.g. web address)

3. Author. Publication Date. Title. Page # (written as p. #). How to Find (e.g. web address)

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