The current status of the economy is directly related to the sale of power tools and how well Able Corporation perform. Tough times and a struggling economy leads to less building and less improving on owned property and therefore, less sales for the power tool business is likely. Besides economic indices, there are other tangentially-related ...
This paper is to define some of the major elements in the strategic management process. Some of these elements include identifying who Able Corporation is and how to define the identity of the organization and create a mission statement from this information. Another element to strategic management that will be discussed is Able’s value proposition ...
While preparing Able Corporation’s business plan, we developed a SWOT analysis, which provided us with valuable insight into the strengths, weaknesses, opportunities, and threats of our company. Strengths and weaknesses are internal factors that affect an organization and opportunities and threats are the external factors that affect an organization. It is not only vital for ...
To facilitate a successful turn-around for the Able Corporation, we must identify what threats are currently affecting the business. From there, we can hone in on the more difficult tasks and organize them by importance. Some of the difficulties the Able Corporation is dealing with include 1. Minimal market share amongst various products, 2. Quality ...
