How can analytical models be used to identify a firm’s external opportunities and threats?

  

Question 3: Outline and discuss the firms external
opportunities and threats, using any analytical model(s) you believe are
relevant.
Question 4: Outline and discuss the firms internal
strengths and weaknesses using any analytical model(s) you believe are
relevant.20151027023111venezuela_swot (1).docxsimilar to this
Global Strategic Management Dr. Dodd-Walker
Assignment: Country SWOT Venezuela 2013-2014
This is a group project:
1. Read the Global Competitiveness Report 2013-2014: Chapter 1.1 Competitiveness Index
a. www.weforum.org/gcr.
2. Read the Country/Economy Profile for Venezuela
a. Generate a SWOT for Venezuela
b. Use GCR criteria to indicate strengths.
c. Use the 25th percentile to indicate weaknesses:
Indicators ranked below the 25th percentile are weaknesses.
d. Use general information to indicate opportunities and threats, at least 3 per cell.
e. Generate at least 1 strategy per cell.
3. Indicate how the countrys competitive positioning affects a firms organizational-level strategies.
Strengths
SWOT country MATRIX
Country name : Venezuela
Opportunities
1)The country has increased its participation
in international agreements to liberate its
economy policy and promote foreign
investment.
2)The country has isolated itself from the
philosophies of Western World.
3) instead associates itself with the sort of
Cuba and Iran which has positioned the
country against economic machine of the
modern world.
1) It is one of the largest oil suppliers in the world and
the founding member of Organization of Petroleum
World Economic Forum, 2015).
1)Due to government spending, lowest wage
scrambles and improved entrance to domestic
credit created an upsurge in consumption which
joint with supply difficulties to cause complex
inflation (World Economic Forum, 2015).
2) Participation with the World Bank helped the country
improve its neighborhoods, control malaria and other
epidemic diseases such as yellow fever and Chagas
disease, urban transport and youth observatories (World
Economic Forum, 2015).
2)The efforts of the government to surge its
control of the economy by municipalizing firms
in financial, oil, construction and agribusiness
hurt the private investment environment,
condensed productive volume and therefore
decelerated non-petroleum exports.
3) It is one of the largest mining reserves in the world
and the largest areas of resources. It has important coal
deposits in the western and eastern parts of the country.
Moreover, there are gold, diamond, iron and other metal
bases that bring about revenue to the government after
exportation.
3)The country continued to struggle with
housing and electricity crises, and progressing
food and goods deficiencies that caused the
governments conventional economic policies.
As a result the overall GDP reduced from 17%
to fewer than 10% between the period of 2012
and 2013 (World Economic Forum, 2015).
4) Economies with large oil purchases lean towards
benefiting due to the high request of its use and
availability.
4) The country relies so much on oil revenues
which have led to sharp fluctuations in the
erratic GDP growth and an ongoing currency
crisis depending on the state of oil industry.
Strategy for SO
Strategy For WO
1) Establish EU./Worldwide Union to increase its
position in the market. (S1, S2, S3,S4,O1,O2)
1) Benchmarking government regulations and
legalization in other countries to enhance the
productivity level(W1,W2,W3,W4,O1)
2) Set a best Practices Procedures for enhancing the
economical and strategy levels of country.
(S1,S2,S3,S4,O1,O3)
3) Develop a demand supply forecast to develop plans
and standard strategic plans. (S1,S2,S3,S4,O3)
2) Sustain an energy consumption plan to act a
quick response to any
uncertainty.(W1,W2,W3,W4,O1,O2)
3) Process Mapping the processes to understand
the country capability to synchronize flow of
information and material to enhance the
operational level(W1,W2,W3,W4,O3)
Threats
Strategy for ST
1) Rebels from the Colombian border have
increased since the Colombian rebels took
refuge on the Venezuelan side of the border
(World Economic Forum, 2015).
2)This has caused disputes between the two
countries which has hurt trade and create a
divide that will affect both countries
economically and diplomatically.
1) Review/set new immigration legalization.
(S1,S2.S3,T1)
2) Maintain borders countries mutual political and
economic relation.(S1,S2,S3,S4,T1,T2)
3) Increase opportunities for creating new job
opportunities within and between borders countries.
(S1,S2,S3,S4,T3)
4) Review/issue across the country structure and
planning.(S1,S2,S3,S4,T1,T3)
3)Venezuela created a land reform that
depicted that land should be distributed to
the poor from the wealthy people. This
definitely failed due to the insufficiency of
the small plots and inexperience of the poor.
Weakness
Strategy For WT
1) Issue new legalization for structure
planning.(W1,W2,W3,W4,T1,T2)
2) Reissue political within and between
countries political affairs.(W1,W2,W3,T1,T2)
3) Managing country resources for a better
utilization. (W1,W2,W3,W4,T1,T3)
4) Increase awareness within communities and
according country for youth involvement and
sustain different resources in efficient
manner(W1,W2,W3,W4,T1,T2,T3,T4)
3) The two strategies selected for competitive advantage will include the cost effectiveness,
and maintaining the standards of services. The cost effectiveness will include the costs that are
more relevant and that do not include unreasonable and excessive costs, these costs will be
contrasted to the value of services offered, however they may not be necessarily less than market
prices. For higher value of services, the costs can be high, however for lower valued services, the
costs should not be higher, and this will lead to valued healthcare services, and the healthcare
economic here will play an important part. The other source of competitive advantage will be
quality improvement and enhancement, for example in utilizing different resources and minimize
energy consumption in an effective manner. This competitive advantage will result when
adequate number of resources and expertise are employed so that the waiting time per usage
becomes less.
Works Cited
Pfeffer, J. (1995). Competitive Advantage Through People: Unleashing the Power of the Work
Force. Harvard Business Press.

Introduction:

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In the field of global strategic management, understanding a country’s SWOT analysis becomes essential when it comes to identifying the strengths, weaknesses, opportunities, and threats present in a particular country. One such country is Venezuela, which is known for its largest oil reserves. In this project, we will analyze Venezuela’s SWOT, using the Global Competitiveness Report (GCR) criteria and using general information to highlight the country’s opportunities and threats.

Description:

The SWOT analysis for Venezuela begins with outlining its external opportunities and threats. One of the country’s significant opportunities is its increased participation in international agreements, which has helped to liberalize its economy policy and promote foreign investments. Furthermore, the country has enormous mining reserves, such as gold, diamond, iron, and coal deposits, which generate revenue for the government. However, the country’s external threats are equally significant as it relies heavily on oil revenues, leading to fluctuations in GDP growth and an ongoing currency crisis. The government’s efforts to increase its control of the economy by municipalizing firms in various sectors have hurt the private investment environment and slowed down non-petroleum exports.

Moving onto the internal strengths and weaknesses of Venezuela, the country’s largest strength is its oil supplies and the fact that it is a founding member of the Organization of Petroleum World Economic Forum. Furthermore, the country’s participation with the World Bank has helped it to improve its neighborhoods and control epidemic diseases. However, the country’s weak internal factors include the government’s spending, which has caused consumption to rise, leading to complex inflation. The housing and electricity crises, progressing food and goods deficiencies, and the conventional economic policies have negatively affected the country’s overall GDP growth.

To conclude, companies must understand how Venezuela’s competitive positioning can affect their organizational-level strategies. One strategy for the country’s strengths and opportunities could be to establish EU/Worldwide Union to enhance its position in the market. Conversely, benchmarking government regulations and legalization in other countries could be a potential strategy for combating weaknesses and opportunities.

Possible Objectives:
– To understand how to perform a SWOT analysis using a specific set of criteria and information sources;
– To identify and analyze the external opportunities and threats faced by a firm or country;
– To identify and analyze the internal strengths and weaknesses of a firm or country;
– To develop strategic recommendations based on SWOT analysis and competitive positioning;
– To assess the impact of a country’s competitiveness on a firm’s choices and performance.

Possible Learning Outcomes:
– Learners will be able to explain how a SWOT analysis can help a firm or country identify its internal and external factors that affect its performance;
– Learners will be able to apply a set of criteria and data sources to generate a SWOT analysis for a selected country;
– Learners will be able to evaluate the relative importance of the identified strengths, weaknesses, opportunities, and threats for the country’s competitiveness;
– Learners will be able to develop feasible and creative strategies that leverage the country’s strengths and opportunities or mitigate its weaknesses and threats;
– Learners will be able to describe the implications of a country’s competitive positioning for a firm’s market selection, entry mode, resource allocation, and risk management.

Headings:
– Objectives and Learning Outcomes for SWOT Analysis Assignment on Venezuela;
– SWOT Analysis Criteria and Data Sources;
– How to Generate a SWOT Analysis for Venezuela;
– External Opportunities and Threats for Venezuela and Implications for Firms;
– Internal Strengths and Weaknesses for Venezuela and Implications for Firms;
– Strategic Recommendations for Venezuela based on SWOT Analysis;
– Competitive Positioning of Venezuela and Implications for Firms’ Organizational-level Strategies.

Solution 1:

External Opportunities and Threats of the Firm:

The external opportunities and threats of the firm can be analyzed using the SWOT analysis model. In the case of Venezuela, some of the external opportunities include increased participation in international agreements to promote foreign investment, being one of the largest oil suppliers in the world, and having large mining reserves that bring in revenue to the government. On the other hand, some of the external threats include the country isolating itself from the philosophies of the Western world, struggling with housing and electricity crises, and relying too much on oil revenues that have led to sharp fluctuations in the erratic GDP growth and an ongoing currency crisis depending on the state of the oil industry.

Strategy for SO:

To take advantage of the opportunities, the firm can establish EU/Worldwide Union to increase its position in the market. This strategy will enable the firm to expand its operations globally and tap into the opportunities provided by foreign investment and Venezuela’s status as one of the largest oil suppliers in the world.

Strategy For WO:

The benchmarking of government regulations and legalization in other countries can be a great strategy to take advantage of the opportunities available to the firm. This will enable the firm to adopt best practices and regulations employed in other countries to improve its operations. With better regulations, the firm can overcome the threats posed by housing and electricity crises, erratic GDP growth, and currency crises that have affected the country.

Solution 2:

Internal Strengths and Weaknesses of the Firm:

To analyze the internal strengths and weaknesses of the firm, the SWOT analysis model can be used. In the case of Venezuela, some of the internal strengths include the country’s large oil and mining reserves, improved entrance to domestic credit, and government spending that has led to an upsurge in consumption. However, some of the internal weaknesses include the government’s efforts to surge its control of the economy by municipalizing firms and reducing private investment, low wage scams, and supply difficulties that have caused inflation.

Strategy for ST:

To build up the strengths of the firm, it can focus on increasing oil and mineral production, as this is one of the country’s major strengths. The firm can also continue to take advantage of improved entrance to domestic credit to support its operations.

Strategy for WT:

To minimize the impact of the weaknesses, the firm can focus on improving its production volumes and increasing its non-petroleum exports. This means working around the government’s efforts to reduce private investment and supply difficulties. Also, the firm can work on finding ways to control inflation and reduce the impact of low wage scams on its operations.

Suggested Resources/Books:

1. Global Competitiveness Report 2013-2014 – World Economic Forum
2. Strategic Management: Concepts and Cases: Competitiveness and Globalization by Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson
3. SWOT Analysis: A Tool for Making Better Business Decisions by Harvard Business Review

Similar Asked Questions:

1. What is SWOT analysis and how is it used in strategic management?
2. How does a country’s competitive positioning affect a firm’s organizational-level strategies?
3. What are the external opportunities and threats of a firm and how can they be analyzed using relevant models?
4. How can a firm assess its internal strengths and weaknesses and what analytical models can be used for this purpose?
5. What are the benefits of benchmarking government regulations and legalization in other countries and how can firms use this strategy to their advantage?Question 3: Outline and discuss the firms external
opportunities and threats, using any analytical model(s) you believe are
relevant.
Question 4: Outline and discuss the firms internal
strengths and weaknesses using any analytical model(s) you believe are
relevant.20151027023111venezuela_swot (1).docxsimilar to this
Global Strategic Management Dr. Dodd-Walker
Assignment: Country SWOT Venezuela 2013-2014
This is a group project:
1. Read the Global Competitiveness Report 2013-2014: Chapter 1.1 Competitiveness Index
a. www.weforum.org/gcr.
2. Read the Country/Economy Profile for Venezuela
a. Generate a SWOT for Venezuela
b. Use GCR criteria to indicate strengths.
c. Use the 25th percentile to indicate weaknesses:
Indicators ranked below the 25th percentile are weaknesses.
d. Use general information to indicate opportunities and threats, at least 3 per cell.
e. Generate at least 1 strategy per cell.
3. Indicate how the countrys competitive positioning affects a firms organizational-level strategies.
Strengths
SWOT country MATRIX
Country name : Venezuela
Opportunities
1)The country has increased its participation
in international agreements to liberate its
economy policy and promote foreign
investment.
2)The country has isolated itself from the
philosophies of Western World.
3) instead associates itself with the sort of
Cuba and Iran which has positioned the
country against economic machine of the
modern world.
1) It is one of the largest oil suppliers in the world and
the founding member of Organization of Petroleum
World Economic Forum, 2015).
1)Due to government spending, lowest wage
scrambles and improved entrance to domestic
credit created an upsurge in consumption which
joint with supply difficulties to cause complex
inflation (World Economic Forum, 2015).
2) Participation with the World Bank helped the country
improve its neighborhoods, control malaria and other
epidemic diseases such as yellow fever and Chagas
disease, urban transport and youth observatories (World
Economic Forum, 2015).
2)The efforts of the government to surge its
control of the economy by municipalizing firms
in financial, oil, construction and agribusiness
hurt the private investment environment,
condensed productive volume and therefore
decelerated non-petroleum exports.
3) It is one of the largest mining reserves in the world
and the largest areas of resources. It has important coal
deposits in the western and eastern parts of the country.
Moreover, there are gold, diamond, iron and other metal
bases that bring about revenue to the government after
exportation.
3)The country continued to struggle with
housing and electricity crises, and progressing
food and goods deficiencies that caused the
governments conventional economic policies.
As a result the overall GDP reduced from 17%
to fewer than 10% between the period of 2012
and 2013 (World Economic Forum, 2015).
4) Economies with large oil purchases lean towards
benefiting due to the high request of its use and
availability.
4) The country relies so much on oil revenues
which have led to sharp fluctuations in the
erratic GDP growth and an ongoing currency
crisis depending on the state of oil industry.
Strategy for SO
Strategy For WO
1) Establish EU./Worldwide Union to increase its
position in the market. (S1, S2, S3,S4,O1,O2)
1) Benchmarking government regulations and
legalization in other countries to enhance the
productivity level(W1,W2,W3,W4,O1)
2) Set a best Practices Procedures for enhancing the
economical and strategy levels of country.
(S1,S2,S3,S4,O1,O3)
3) Develop a demand supply forecast to develop plans
and standard strategic plans. (S1,S2,S3,S4,O3)
2) Sustain an energy consumption plan to act a
quick response to any
uncertainty.(W1,W2,W3,W4,O1,O2)
3) Process Mapping the processes to understand
the country capability to synchronize flow of
information and material to enhance the
operational level(W1,W2,W3,W4,O3)
Threats
Strategy for ST
1) Rebels from the Colombian border have
increased since the Colombian rebels took
refuge on the Venezuelan side of the border
(World Economic Forum, 2015).
2)This has caused disputes between the two
countries which has hurt trade and create a
divide that will affect both countries
economically and diplomatically.
1) Review/set new immigration legalization.
(S1,S2.S3,T1)
2) Maintain borders countries mutual political and
economic relation.(S1,S2,S3,S4,T1,T2)
3) Increase opportunities for creating new job
opportunities within and between borders countries.
(S1,S2,S3,S4,T3)
4) Review/issue across the country structure and
planning.(S1,S2,S3,S4,T1,T3)
3)Venezuela created a land reform that
depicted that land should be distributed to
the poor from the wealthy people. This
definitely failed due to the insufficiency of
the small plots and inexperience of the poor.
Weakness
Strategy For WT
1) Issue new legalization for structure
planning.(W1,W2,W3,W4,T1,T2)
2) Reissue political within and between
countries political affairs.(W1,W2,W3,T1,T2)
3) Managing country resources for a better
utilization. (W1,W2,W3,W4,T1,T3)
4) Increase awareness within communities and
according country for youth involvement and
sustain different resources in efficient
manner(W1,W2,W3,W4,T1,T2,T3,T4)
3) The two strategies selected for competitive advantage will include the cost effectiveness,
and maintaining the standards of services. The cost effectiveness will include the costs that are
more relevant and that do not include unreasonable and excessive costs, these costs will be
contrasted to the value of services offered, however they may not be necessarily less than market
prices. For higher value of services, the costs can be high, however for lower valued services, the
costs should not be higher, and this will lead to valued healthcare services, and the healthcare
economic here will play an important part. The other source of competitive advantage will be
quality improvement and enhancement, for example in utilizing different resources and minimize
energy consumption in an effective manner. This competitive advantage will result when
adequate number of resources and expertise are employed so that the waiting time per usage
becomes less.
Works Cited
Pfeffer, J. (1995). Competitive Advantage Through People: Unleashing the Power of the Work
Force. Harvard Business Press.

Introduction:

In the field of global strategic management, understanding a country’s SWOT analysis becomes essential when it comes to identifying the strengths, weaknesses, opportunities, and threats present in a particular country. One such country is Venezuela, which is known for its largest oil reserves. In this project, we will analyze Venezuela’s SWOT, using the Global Competitiveness Report (GCR) criteria and using general information to highlight the country’s opportunities and threats.

Description:

The SWOT analysis for Venezuela begins with outlining its external opportunities and threats. One of the country’s significant opportunities is its increased participation in international agreements, which has helped to liberalize its economy policy and promote foreign investments. Furthermore, the country has enormous mining reserves, such as gold, diamond, iron, and coal deposits, which generate revenue for the government. However, the country’s external threats are equally significant as it relies heavily on oil revenues, leading to fluctuations in GDP growth and an ongoing currency crisis. The government’s efforts to increase its control of the economy by municipalizing firms in various sectors have hurt the private investment environment and slowed down non-petroleum exports.

Moving onto the internal strengths and weaknesses of Venezuela, the country’s largest strength is its oil supplies and the fact that it is a founding member of the Organization of Petroleum World Economic Forum. Furthermore, the country’s participation with the World Bank has helped it to improve its neighborhoods and control epidemic diseases. However, the country’s weak internal factors include the government’s spending, which has caused consumption to rise, leading to complex inflation. The housing and electricity crises, progressing food and goods deficiencies, and the conventional economic policies have negatively affected the country’s overall GDP growth.

To conclude, companies must understand how Venezuela’s competitive positioning can affect their organizational-level strategies. One strategy for the country’s strengths and opportunities could be to establish EU/Worldwide Union to enhance its position in the market. Conversely, benchmarking government regulations and legalization in other countries could be a potential strategy for combating weaknesses and opportunities.

Possible Objectives:
– To understand how to perform a SWOT analysis using a specific set of criteria and information sources;
– To identify and analyze the external opportunities and threats faced by a firm or country;
– To identify and analyze the internal strengths and weaknesses of a firm or country;
– To develop strategic recommendations based on SWOT analysis and competitive positioning;
– To assess the impact of a country’s competitiveness on a firm’s choices and performance.

Possible Learning Outcomes:
– Learners will be able to explain how a SWOT analysis can help a firm or country identify its internal and external factors that affect its performance;
– Learners will be able to apply a set of criteria and data sources to generate a SWOT analysis for a selected country;
– Learners will be able to evaluate the relative importance of the identified strengths, weaknesses, opportunities, and threats for the country’s competitiveness;
– Learners will be able to develop feasible and creative strategies that leverage the country’s strengths and opportunities or mitigate its weaknesses and threats;
– Learners will be able to describe the implications of a country’s competitive positioning for a firm’s market selection, entry mode, resource allocation, and risk management.

Headings:
– Objectives and Learning Outcomes for SWOT Analysis Assignment on Venezuela;
– SWOT Analysis Criteria and Data Sources;
– How to Generate a SWOT Analysis for Venezuela;
– External Opportunities and Threats for Venezuela and Implications for Firms;
– Internal Strengths and Weaknesses for Venezuela and Implications for Firms;
– Strategic Recommendations for Venezuela based on SWOT Analysis;
– Competitive Positioning of Venezuela and Implications for Firms’ Organizational-level Strategies.

Solution 1:

External Opportunities and Threats of the Firm:

The external opportunities and threats of the firm can be analyzed using the SWOT analysis model. In the case of Venezuela, some of the external opportunities include increased participation in international agreements to promote foreign investment, being one of the largest oil suppliers in the world, and having large mining reserves that bring in revenue to the government. On the other hand, some of the external threats include the country isolating itself from the philosophies of the Western world, struggling with housing and electricity crises, and relying too much on oil revenues that have led to sharp fluctuations in the erratic GDP growth and an ongoing currency crisis depending on the state of the oil industry.

Strategy for SO:

To take advantage of the opportunities, the firm can establish EU/Worldwide Union to increase its position in the market. This strategy will enable the firm to expand its operations globally and tap into the opportunities provided by foreign investment and Venezuela’s status as one of the largest oil suppliers in the world.

Strategy For WO:

The benchmarking of government regulations and legalization in other countries can be a great strategy to take advantage of the opportunities available to the firm. This will enable the firm to adopt best practices and regulations employed in other countries to improve its operations. With better regulations, the firm can overcome the threats posed by housing and electricity crises, erratic GDP growth, and currency crises that have affected the country.

Solution 2:

Internal Strengths and Weaknesses of the Firm:

To analyze the internal strengths and weaknesses of the firm, the SWOT analysis model can be used. In the case of Venezuela, some of the internal strengths include the country’s large oil and mining reserves, improved entrance to domestic credit, and government spending that has led to an upsurge in consumption. However, some of the internal weaknesses include the government’s efforts to surge its control of the economy by municipalizing firms and reducing private investment, low wage scams, and supply difficulties that have caused inflation.

Strategy for ST:

To build up the strengths of the firm, it can focus on increasing oil and mineral production, as this is one of the country’s major strengths. The firm can also continue to take advantage of improved entrance to domestic credit to support its operations.

Strategy for WT:

To minimize the impact of the weaknesses, the firm can focus on improving its production volumes and increasing its non-petroleum exports. This means working around the government’s efforts to reduce private investment and supply difficulties. Also, the firm can work on finding ways to control inflation and reduce the impact of low wage scams on its operations.

Suggested Resources/Books:

1. Global Competitiveness Report 2013-2014 – World Economic Forum
2. Strategic Management: Concepts and Cases: Competitiveness and Globalization by Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson
3. SWOT Analysis: A Tool for Making Better Business Decisions by Harvard Business Review

Similar Asked Questions:

1. What is SWOT analysis and how is it used in strategic management?
2. How does a country’s competitive positioning affect a firm’s organizational-level strategies?
3. What are the external opportunities and threats of a firm and how can they be analyzed using relevant models?
4. How can a firm assess its internal strengths and weaknesses and what analytical models can be used for this purpose?
5. What are the benefits of benchmarking government regulations and legalization in other countries and how can firms use this strategy to their advantage?

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