BUS 687 WEEK 1 PT 2

Week 1 – Assignment

SWOT and Strategy

[WLOs: 6] [CLOs: 2, 4]

Prior to beginning work on this assignment, review the following through the Growing Your Business simulation, the Strategy video available in the Supplementary Review Materials through the Help section, read through the pop-up screen titled Thoughts as you prepare your Strategy that will show when you go to the SWOT and Strategy tab of the TriCorp simulation, read the Internal Emails, and read the Welcome on Board memos. Additionally, read The U.S. Medical Device Industry: Strengths, Weaknesses, Opportunities, and Threats, The Potential of Medical Device Industry in Technological and Economical Context, and Introduction to the Special Issue.

The final section that must be completed in the Growing Your Business simulation for Week 1 is your SWOT and Strategy. Your Strategy, in particular, should be guiding all of your decisions (in the corporate world one of the primary reasons business commitments are not met is the misalignment between decisions and strategy). This will be your compass when making decisions for your organization.

The SWOT and Strategy assignment,

Must be completed through the Growing Your Business simulation.

Must describe Hisco’s Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis) based on the information you have read.

In the Strategy section, must describe what your strategy will be for the next two to three years.

When you are done, click the checkbox at the bottom of the screen, then click Save SWOT and STRATEGY.

All the inputs have to have at least 50 words.

After completing the simulation, students must save the provided pdf from the Pdf Report link and submit it through Waypoint. Verify your submission was successful.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Please note that if you are experiencing technical issues with the Growing Your Business Simulation, you will need to contact the help desk within the simulation at HelpDesk@tri-sim.com.

Required Resources

Articles

Holtzman, Y., Gorkhover, G., & Ganz, M. (2015, January 12). The U.S. medical device industry: Strengths, weaknesses, opportunities, and threats (Links to an external site.). Retrieved from https://www.mddionline.com/us-medical-device-industry-strengths-weaknesses-opportunities-and-threats

· The full-text version of this article is available through the website link. This article provides information about the medical device industry in the European Union and will assist you in becoming more familiar with the industry in the real world. The article will give the student a very good example of verbiage included in a published SWOT analysis. In Week 1 students will create and submit a SWOT analysis of HISCO. The article is found through an internet search of the medical device industry. Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

Maresova, P., Penhaker, M., Selamat, A., & Kuca, K. (2015). The potential of medical device industry in technological and economical contextTherapeutics and Clinical Risk Management, 11, 1505-1514. doi:10.2147/TCRM.S88574

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides information about the importance and the development of the medical device industry in the European Union and will assist you in your thinking as you develop your straetgy this week to be submitted along with your SWOT. The article will expand your knowledge of the industry.

Savickas, Mark L. (2003, September). Introduction to the special issueCareer Development Quarterly, 52(1), 4-7. doi:10.1002/j.2161-0045.2003.tb00621.x

· The full-length version of this article is available through the Ebscohost database in the Ashford University Library. This article provides information about and will assist you in your analysis for a SWOT creation assignment in Week 1. The article serves as a good example of the verbiage used in a SWOT.

Required Technology

Website

“Growing Your Business” – A Management Simulation. (https://ashford.trisimulation.com/canvas)

· This website is where you will conduct your readings and work to complete the Current Status of Hisco Pre-test and the SWOT and Strategy assignment. Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

Please note that if you are experiencing technical issues with the Growing Your Business Simulation, you will need to contact the help desk within the simulation.

Week 1 – Assignment

· Due Sunday by 11:59pm

· Points 5

· Submitting an external tool

SWOT and Strategy

[WLOs: 6] [CLOs: 2, 4]

Prior to beginning work on this assignment, review the following through the Growing Your Business simulation, the Strategy video available in the Supplementary Review Materials through the Help section, read through the pop-up screen titled Thoughts as you prepare your Strategy that will show when you go to the SWOT and Strategy tab of the TriCorp simulation, read the Internal Emails, and read the Welcome on Board memos. Additionally, read The U.S. Medical Device Industry: Strengths, Weaknesses, Opportunities, and Threats, The Potential of Medical Device Industry in Technological and Economical Context, and Introduction to the Special Issue.

The final section that must be completed in the Growing Your Business simulation for Week 1 is your SWOT and Strategy. Your Strategy, in particular, should be guiding all of your decisions (in the corporate world one of the primary reasons business commitments are not met is the misalignment between decisions and strategy). This will be your compass when making decisions for your organization.

The SWOT and Strategy assignment,

· Must be completed through the Growing Your Business simulation.

· Must describe Hisco’s Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis) based on the information you have read.

· In the Strategy section, must describe what your strategy will be for the next two to three years.

· When you are done, click the checkbox at the bottom of the screen, then click Save SWOT and STRATEGY.

· All the inputs have to have at least 50 words.

· After completing the simulation, students must save the provided pdf from the Pdf Report link and submit it through Waypoint. Verify your submission was successful.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Please note that if you are experiencing technical issues with the Growing Your Business Simulation, you will need to contact the help desk within the simulation at HelpDesk@tri-sim.com.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now