Environmental Scan

Better Essays
MGT 498

Environmental Scan Paper

MGT/498

Environmental Scan Paper

Environmental scans play a crucial role in the strategic planning process by helping organizations take a look at their competitive advantages and identify ways to sustain the advantages. Wheelen and Hunger (2010) describes environmental scanning as “the monitoring, evaluation, and dissemination of information from external and internal environments to key people within the corporation” (p. 10). Metrics or measuring tools are implemented in order to measure or track the progress of a strategic plan. Internal and external factors help an organization in the decision -making process of its future state. Internal factors surround strengths and weaknesses and external factors identify the potential threats and opportunities outside of the organization’s span of control.

In this paper, the author will describe the research of internal and external environments of OfficeMax and Sprint. This paper will determine the competitive advantages of both companies and what each is using. It will determine how each company creates value and sustainability of competitive advantages through business a strategy. The paper will also explain the measurement guidelines that each organization is using to verify its strategic effectiveness and the effectiveness of the measurement guidelines.

OfficeMax

OfficeMax is a leading provider of office supplies, ink, office furniture, and print services. Specifically, OfficeMax offers paper, writing instruments, printers, computers, desks, chairs, copy, and print services. OfficeMax vision focuses on supplies companies need to manage workloads so they can be at the frontline of business. “They are also there to help organizations succeed with top, trusted brands of office products; technology and office furniture that delivers the performance and quality that is



References: OfficeMax. (2012). Retrieved from http://www.officemax.com/?cm_mmc=Bing-_- Brand+Pure+-+Exact-_-Brand+Pure+Exact-_-officemax_Exact&002=2110289&004=286955470&005=9008603870&006=865101809&009=e&011=officemax OfficeMax. Who Are We? Retrieved from http://about.officemax.com/html/officemax_who_we_are.shtml Sprint (2012). About Sprint Nextel. Retrieved August 5, 2012 from http.//www.sprint.com/about/ Wheelen, T.L., & Hunger, J.D. (2010). Concepts in Strategic Management and Business Policy Achieving Sustainability (12th ed) Pearson Education

You May Also Find These Documents Helpful

  • Good Essays

    Environmental Scan

    • 1086 Words
    • 4 Pages

    Environmental Scan Claudia Hill MGT/498 April 13, 2015 Thomas Blakely Environmental Scan Environmental Scanning basically is the process of ensuring the success of an organization this is over long periods of time. The organization has to periodically conduct analysis of the organizations success in the industry they are involved in business. Each business has a goal that they want to achieve; sometimes this can be a long range plan, or strategy for down the road. So in order to achieve this goal…

    • 1086 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Environmental Scan

    • 1185 Words
    • 5 Pages

    Environmental Scan Paper Environmental Scan Environmental scan in reference to businesses and strategic planning includes terms that will persuade the directions and objectives of a business. Environmental scanning also involves the significance of the future and present issues that may have an effect on the business itself, since a business is planning for future and not just the present condition of the company. Environmental scanning is the monitoring and evaluation of a business…

    • 1185 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Environmental Scan

    • 1495 Words
    • 6 Pages

    Environmental Scan Paper Steve Pachorek MGT/498 October 8th, 2012 George Staight Environmental Scan Paper A business environment is made up of both internal and external factors. The environment of a business must be scanned to be able to determine what factors the company can use to determine the development and forecasts that will help in the success of the business. The definition of Environmental Scanning, as per managementstudyguide.com, is the “possession and utilization of information…

    • 1495 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Environmental Scan

    • 9272 Words
    • 38 Pages

    Workforce Planning Tool Kit Environmental Scan and SWOT Analysis Workforce Planning Tool Kit: Environmental Scan and SWOT Analysis FINAL CPS Human Resource Services 444 North Capitol Street Suite 544 Washington, DC 20001 Phone: (608) 536-3590 www.cps.ca.gov Connie Champnoise Principal Consultant (608) 536-3590 December 1, 2007 Submitted by: Cornerstones for Kids i Table of Contents Environmental Scan/SWOT Analysis – Overview ....................................................…

    • 9272 Words
    • 38 Pages
    Powerful Essays
  • Good Essays

    Environmental Scan

    • 1057 Words
    • 3 Pages

    Environmental Scan MGT/498 March 31, 2014 Environmental Scan According to Wheelen & Hunger (pg. 98, 2010), “Environmental scanning is the monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the corporation.” The external and internal features that shape a business help out in establishing the rate of the company 's success and failure. Businesses desire to have the awareness that is necessary to stay afloat with the…

    • 1057 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Environmental Scan

    • 1449 Words
    • 6 Pages

    Environmental Scan – Lego and Harley Davidson MGT/498 Strategic Management November 14, 2013 Mario Ducret Environmental Scan – Lego and Harley Davidson Internal and external environments are very important for businesses operating globally due to local and external competitions. Healthy businesses must analyze their internal and external environments in their strategy formulation. Strategic planning requires that an organization must initially scan the environment for…

    • 1449 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Environmental Scan

    • 937 Words
    • 4 Pages

    Environmental Scan Nanette Guffey MGT/ 498 – Strategic Management Richard Haines September 17th, 2012 Environmental scanning is an organization’s strategic management and is actual important to the corporation. Environmental scanning is getting-together data for the external and the internal of the company.…

    • 937 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Environmental Scan

    • 1543 Words
    • 5 Pages

    Environmental Scan of Apple and Toyota University of Phoenix Strategic Management MGT/498 November 28, 2014 Environmental Scan of Apple and Toyota Introduction Toyota Motor Corporation is a leading automobile manufacturer in the world due to its unique principles and successful strategic management. Apple is an American company specializing in consumer electronics. The paper highlights the internal and external business environment of Toyota and Apple. The internal and external business environment…

    • 1543 Words
    • 5 Pages
    Better Essays
  • Good Essays

    environmental scan

    • 1285 Words
    • 5 Pages

    Environmental scanning is a key activity that begins a company's strategy planning process. The scanning must include both external forces like economic, technological, political-legal, and sociocultural as well as internal competencies such as value, rareness, imitability, and organization in order to be effective (Wheelen & Hunger, 2010). This thorough analysis will provide a foundation for a company to build their plan upon. Environmental scanning provides a company their strengths to build upon…

    • 1285 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Environmental Scan

    • 736 Words
    • 3 Pages

    Tim Horton’s Environmental Scan/External Marketing Environment: Demographic Forces: * Products appeal to diverse generations * Baby boomers, Gen Xers and Gen Yers can all find something at Tim Horton’s to delight and satisfy their wants and desires * Many locations concentrated in big city dwellings * Of the 6 major urban areas in Canada – Toronto, Montreal, Vancouver, Ottawa, Gatineau, Calgary and Edmonton every single one of these demographics has an appropriate saturation…

    • 736 Words
    • 3 Pages
    Good Essays