Application Assignment Organizing the Business
According to the Small Business Administration (2020), about twenty percent of businesses fail in the first year. Another half fail within five years. By year 10, only about 33% of businesses survive. You might be asking yourself, why? The key to success, as your textbook states, is to remain flexible enough to adapt through changing times. To be flexible the organizational structure and the dynamics within the organization must also change with the times.
Instructions
You will continue to write about the company you chose and the template from Week 1. This week, you will write on the following points below. Your submission should be approximately 2 pages long and use at least two credible resources. Research and review the website of the company you chose for most of this information needed below:
- Mission Statement
- Provide the mission statement.
- Explain the meaning of the mission statement to the company’s employees and customers.
- Strategic Goals
- Identify and describe two strategic goals you have located on the company’s website.
- How do the strategic goals support the mission statement?
- SWOT Analysis
- Identify one strength for this business.
- Identify one weakness for this business.
- Identify one opportunity for this business.
- Identify one threat to this business.
- Organizational Structure
- How is the company structured? Check out Chapter 7 in your book and use any of the descriptions from the chapter to explain how the company is structured i.e. centralization versus decentralization, span of control, tall versus flat organizational structures, and/or departmentalization.
- Conclusion
- Based on your research about this company, do you think the mission, the goals, and the organizational structure are all aligned and support one another? Support your opinions and conclusions.
General Information
- Resources for this report:
- The company’s corporate website is going to be the main source of information.
- You should not copy/paste any parts of your report from a website on the internet.
- Provide a citation for any information that is not your own. For example, if you tell how many employees a company has, then include a citation for this data to let your reader know where you got this information.
- Your own ideas:
- The purpose of any research is to find solid, reliable information and then to form your own ideas about your findings.
- You do NOT cite your own ideas.
- APA Style:
- The template gives you a good guide to follow for APA style.
- There are tutorials in Canvas that show you how to use APA Style and how to cite the information you find.
- You can also get help in the Writing Assistance Center (WAC) with APA citation.
Reference:
Carter, T. (2020, December 23). The true failure rate of small businesses. Entrepreneur. https://www.entrepreneur.com/article/361350
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Application Assignment Organizing the Business
