Individual Project:
ToolsCorp Corporation is a fictitious Company that does not exist anywhere. For the purpose of this course, we have located it in Tennessee. It builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart. They have sale papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the US and Canada, ToolsCorp is trying to break into the global marketplace. As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorp Corporation. The purpose of this paper is to obtain permission from them to go forward with the next step (developing a full blown business plan) for ToolsCorp's strategic initiative to break into the global marketplace.
ToolsCorpMission statement:
Since 2001 ToolsCorp has held the belief in helping people develop their own strengths with the right tool for the job. Men and woman can work to improve their own lives with a do-it-yourself approach. At ToolsCorp we help you make any place your home. Being a helping hand we provide quality tools and accessories that help you accomplish your own home vision. Expanding globally from the US, Canada and Brazil ToolsCorp incorporates a solid helping hand strategy in business and to our employees who will lead us into the future.
Your paper should discuss (at a minimum):
• A complete SWOT analysis (strengths, weaknesses, opportunities and threats, including at least five factors from each category and full explanations of why each factor is important and why it was placed in the category) of the environment that exists within ToolsCorp and the environment ToolsCorp is proposing.
• The SWOT analysis is on ToolsCorp's current status not the country. Point out ToolsCorp'scurrent strengths as a company, its current weaknesses that need to be addressed as it goes global, its opportunities in the new country (Brazil), and the threats it might face.
• Paper should be Plagiarism Free