Prior to creating organizational strategies, it is important to thoroughly understand the sector in which the organization operates, along with typical strategies organizations within this sector use to achieve their long-term and short-term goals and objectives. Analyzing the sector includes examining the overall industry, identifying what determines success in that industry, what stimulates growth, and what strategies other successful organizations are implementing to achieve their goals and objectives. Based on a comprehensive sector analysis, executive leaders can begin outlining a strategic plan.
Analyze the sector your organization operates in and create a report for the organizational stakeholders. Respond to the following in your report:
· Identify the sector that the organization belongs to.
· Determine the main goal of that sector in terms of achievement and operational goals. (Examples: increase profits, serve more people, increase revenue, etc.) Identify some of the largest and most successful organizations within the sector.
· Explain how your organization specifically fits within the sector in terms of size and success.
· Determine the internal and external forces that influence the success or failure of the organizations within this sector.
Support your assignment with at least five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages, not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
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