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The Economic Environment - Assignment Instructions Use the same proposed business idea that you created in the first module

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The Economic Environment - Assignment

Instructions

Use the same proposed business idea that you created in the first module. In this assignment, you will analyze the economic environment associated with the business idea you have proposed based on information in the readings and resources.  Specifically, you will research the economic environment of your business, describe the current situation, and describe how you anticipate addressing potential issues in your company.  This is the second section of your P(E)ST analysis for the company or idea you selected.  You will continue to build this analysis in all modules.  

Respond to the following questions about the economic environment in essay format.

• How stable is the current economy? Is it growing, stagnating, or declining?
• Are key exchange rates stable, or do they tend to vary significantly?
• Are customers' levels of disposable income rising or falling? How is this likely to change in the next few years?
• What is the unemployment rate? Will it be easy to build a skilled workforce? Or will it be expensive to hire skilled labor?
• Do consumers and businesses have easy access to credit? If not, how will this affect your organization?
• How is globalization affecting the economic environment?
• Are there any other economic factors that you should consider?

Submit your assignment to this space in short essay format with references in a Word document.  Review the rubric so that you will understand how you will be graded RUBRIC 2.5  Economic Environment-

 

 

2.6 SWOT Analysis – Assignment 4

As a business owner, one must know the strength, weaknesses, opportunities, and threats of the business. This is called a SWOT analysis. Strengths and weaknesses are within the company and threats and opportunities are outside the company. After you read the SWOT Analysis article provided in this module (located in 2.2 Readings and Resources), examine the strengths and weaknesses of your proposed business that you created in the first module. 

Respond to the following questions about the (S)trengths, (W)eaknesses, (O)pportunities, & (T)hreats (SWOT) in essay format.

• What advantages does your organization have?
• What do you do better than anyone else?
• What unique or lowest-cost resources can you draw upon that others can't?
• What do people in your market see as your strengths?
• What factors mean that you "get the sale"?
• What is your organization's Unique Selling Proposition (USP)?
• What could you improve?
• What should you avoid? What are people in your market likely to see as weaknesses?
• What factors lose your sales?
• What are your overall strengths?
• What are your overall Opportunities?
• What are your overall Weaknesses?
• What are your overall Threats?

Submit your assignment in short essay format with references to this space.  Review the rubric so that you will understand how you will be graded. RUBRIC 2.6 SWOT Analysis