As a new business owner one must understand that when starting out there is great potential to succeed as well as fail. External and internal factors are two of the greatest factors to the success or failure of a business. The purpose for this paper is to define some of these external and internal factors for Next Level Transition Center and see how well they are able to adapt to them. Also an analysis will be conducted to identify major issues or opportunities the company may face from any forces and trends. External Forces and Trends
As with any company, as for external forces and trends, the impact on my business can be attributed to several forces. New environmental, competition, economic legal and regulatory, social, and technological architecture throughout the last decades have stimulated changes in the delivery of career services. Recent economic conditions have transformed the employment market, causing near insurmountable challenges and issues for new employees looking to start a new career in the workforce. Environmental Forces and Trends
Next Level Transition Center, Inc. is a small, independently owned start-up company founded in 2014 with operations to begin July 1,2015; the ribbon cutting of the facility. Of the fourteen full-time employees, four key employees will be instrumental in carrying out this marketing plan. The key players include: Charles L. Cowan, President and CEO; Melissa Cowan, CFO; Charles L. Cowan Jr., Marketing Manager; and Jasmine and Jalene Cowan, Facility Coordinator.
The Business plan on Business Model and Strategic Plan
For any journey the path must be defined with clear and recognizable details for it to be successful. The concepts of markers and landmarks which define the direction of a journey apply to that of any business. We need detailed plans and objectives as well as landmarks and directions we would like the business to travel. The objective of Two Brothers food truck is to create a trusted and popular ...
Competitive Forces and Trends
It has been determined that there are not any transitional centers within a forty-mile radius that provides the same services in one location. Although there are not any transitional centers that provide these same services there are 6 transitional centers in a forty mile radius. The competition inside the forty radiuses is not extremely competitive due to the fact they only offer services to those that have been in the job market before. We not only offer services to that demographic of people but also to the demographic that has never been in the job market. This makes available a benefit as the transitional center has something different, and new to offer. In addition, the transitional center is located downtown in a centralized area which gives advantages over other transitional centers. Economic Forces and Trends
Economic forces can be a serious external force and trend to businesses either never starting or lasting. Instability of the United States economy and the loss of many jobs have forced individuals to live off of savings, governmental assistance and unemployment. However, there is a population that has lived off of governmental assistance due to various reasons and never been in the workforce. Legal and Regulatory Forces and Trends
In regards to legal and regulatory forces and trends that would affect this business would be the building inspection. All businesses all facilities must comply with EPA, OSHA, State and local governmental safety guidelines. There are no other regulatory or legal forces impacting Next Level Transition Center, Inc., operations at this time; however, caution must be taken to protect the company from frivolous lawsuits as well as legitimate suits.
Technological Forces and Trends
Advances in the way employers look for employees especially in South Carolina is very tech savvy. The Workkeys application will be used as a tool to assist with finding employment for our clients and also what skills are required in order to effectively establish training curriculums. It is imperative to maintain an excellent superior in-house database to maintain all client information and employers’ information Social Forces and Trends
The Essay on Forces for Change
It is important for organizations to be open to change and know how to deal with it. Many organizations fail to recognize change causing the organization to suffer and sometimes come to an end. There are six forces that stimulate change in an organization, nature of the workforce, technology, economic shock, competition, social trends, and world politics. The consequences of these economic shocks ...
A potential competitive advantage for Next Level Transition Center is their clothing bank that allows clients who can’t afford business attire the opportunity to select clothing for a job interview. In addition to completing the program this will allow the clients to feel more confident when attending an interview. In addition, initial appearance in today’s society demands competent, properly dressed, and confident clients when interviewing for a job. Strategy
Next Level Transition Center, Inc.’s target market is unemployed and personnel on governmental assistance who seek job employment in Sumter County, Sumter, South Carolina. By focusing service operations solely on two groups, Next Level is implementing a different distinct focused strategy composed of providing necessary training, education opportunities, and job skills the only multi-functional transitional center within a forty mile radius. The unemployment rate is Sumter County, Sumter, South Carolina as of May 2012 is 10.5%. The average median household income is $33,267 and there is a 19.4% below poverty level rate. This strategy relies heavily on promoting Next Level Transition Center opportunities and key initiatives in the local area of the only multifunctional transition center to provide not only key skill training but also provide a service of clothing for those who can’t afford proper attire when scheduled for a job interview. Processes and Systems
Next Level is a start-up service organization. Consequently, expenditures will include the negotiation to acquire certification licenses from the State of South Carolina, purchase and remodeling of the transition facility located on Broad Street, Sumter, South Carolina, the special equipment necessary to perform computer literacy training, audio visual equipment for classroom training, lending closet and clothing drop off points, solicitation and employment of personnel to operate the facility, advertisement and promotional efforts for the attainment of partnerships with business owners across the state. As a result, the requirement for cash to fund start-up expenditures necessitates an initial investment from each key management official of $1 million. Also, we will apply for grants from the state for providing this service to the local community. Furthermore, the organization will require cash for daily operations which will result in substantial lines of credit until Next Level Transition Center achieve positive cash flows. SWOT ANALYSIS
The Essay on Customer Service Positions
There are several types of customer service jobs out in the world that have certain requirements and back rounds that need to be met in order to qualify for a certain job. I found a job post on Monster.com for a customer service management position through the company Ecovacs Robotic Inc. located in Glendale, California. A customer service manager is to provide excellent customer service policy ...
A. Strengths
1. Next Level represents a highly needed service in Sumter County, Sumter, South Carolina. Their reputation ultimately will reflect upon the commitment to improve the economy. 2. Personnel, including computer skills instructor, GED trainers and testers, resume trainers and job interview skills coaches, of Next Level are highly knowledgeable representatives of these skilled areas. The organization is dedicated to continuous education and certifications in order to provide top notch services to the community. 3. Next Level expects nothing less than complete loyalty from its employees and prides itself on its loyalty to its clientele. Staying abreast of key technology, local, state , and federal regulations will ensure an outstanding level of standards in the service provided. 4. Next Level, as a small family-owned corporation, is able to communicate individually with clients to meet and exceed their expectations before, during, and after the training experience. 5. Client testimonials are the basis for the acquisition of new clientele. 6. Current location of facility allows for expansion.
B. Weaknesses
1. Next Level is a start-up company.
2. The organization relies on positive word-of- mouth communication to generate business.
3. The organization depends on referrals for potential customers.
4. The exclusive service operations to only unemployed and those on government assistance limits to a select targeted market.
C. Opportunities
1. The potential opportunities for Next Level to assist with decreasing the unemployment rate, assist with the increase of employment, and provide essential computer literacy skills to the community.
The Business plan on Organizational Fit Erp Business Companies
INTRODUCTION The assignment will explore ERP from its origin and would shed light on its fundamentals and implementation procedures. ERP will be evaluated from two perspectives of two different companies which implemented the ERP solution. First we will be discussing! SS Cisco! |s!" ERP implementation and the technical and business issues related to that and then we will move on to the other case ...
D. Threats
1. There are currently no known threats to Next Level Transition Center.
E. Matching Strengths to Opportunities / Converting Weaknesses and Threats 1. Negotiate with the state agencies, Department of Labor, and Employment agencies, for training materials, licensing, and access to essential job searching databases. 2. Expand the facilities operations to include a computer training and certification testing center. Conclusion
In today’s world of business, companies need to take into consideration that there will be several types of internal and external factor. As it comes to business both internal and external forces and that these factors can positively or negatively affect their company. After a thorough examination of these internal and external factors, the Next Level Transitional Center realizes they will face some of these challenges alone the way. However, being prepared and well-equipped with a well develop strategic plan one can be prepared and organized for any possible situations that may come up. This will ensure that their business will prosper and have a long life.
References
Pearce, John A. , & Robinson, Richard B. . (2009).
Strategic management. formulation, implementation, and control. United States: McGraw-Hill. Thompson, Arthur A. , Gamble, John E. , & Strickland, A. J. (2006).
Strategy: winning in the marketplace: core concepts, analytical tools, cases. United States: McGraw-Hill Companies.
