Internal and External Analysis

Internal and External Analysis Description Monsanto Company* Creatin" rel="nofollow">ing an effective strategic management plan relies heavily on analysis of both your existin" rel="nofollow">ing company and factors in" rel="nofollow">in the busin" rel="nofollow">iness environment that impact decision makin" rel="nofollow">ing. This is an essential part of the busin" rel="nofollow">iness process because it allows management to keep in" rel="nofollow">informed on changes and the in" rel="nofollow">information gathered is used to set goals and determin" rel="nofollow">ine the future for the company. This assignment will require you to analyze the in" rel="nofollow">internal and external environment of your company and then use the in" rel="nofollow">information you've gathered to set strategic goals for the busin" rel="nofollow">iness. For the assignment this week, write a paper and complete the followin" rel="nofollow">ing: Create a SWOT analysis for Monsanto that is specific and explain" rel="nofollow">ins choices thoroughly. Avoid bein" rel="nofollow">ing generic with your choices. Relate them directly to the in" rel="nofollow">industry and busin" rel="nofollow">iness that you've chosen. A min" rel="nofollow">inimum of four poin" rel="nofollow">ints should be present under each headin" rel="nofollow">ing. The in" rel="nofollow">internal portion of the SWOT could in" rel="nofollow">include quality of human capital, product lin" rel="nofollow">ines, employee relations, and current in" rel="nofollow">internal busin" rel="nofollow">iness processes. Outside research is recommended. The external portion of the SWOT could consider sociocultural factors, competitors, technology trends, suppliers' potential legal issues, and even changes in" rel="nofollow">in the economy. Again" rel="nofollow">in, outside research is recommended. Based off of the in" rel="nofollow">information that you've gathered, create three strategic goals for Monsanto company. The strategic goals that you create here will set the stage for all of the course project assignments ahead. It's extremely important to choose long-term goals that fit with where you thin" rel="nofollow">ink the company should be headed and make use of the in" rel="nofollow">information you've gathered. Feel free to reach out to your in" rel="nofollow">instructor for guidance about creatin" rel="nofollow">ing the strategic goals, sin" rel="nofollow">ince they're essential to the ongoin" rel="nofollow">ing course project.