Please answer these two questions.

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Group Project

Please answer these two questions. Each question must be 3 pages and one reference per page.

 

The questions that we are answering will be these two:

· A full mission statement containing the nine components and presented in a well written paragraph

· Key operating principles as you will apply them

 

 

 

ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located in Tennessee. 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.

Your group’s paper should discuss the following (at a minimum):

· A complete strengths, weaknesses, opportunities, and threats (SWOT) analysis (including at least 5 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 that ToolsCorp is proposing

· An outline of the business plan to be developed for ToolsCorp’s strategic initiative

· A full mission statement containing the nine components and presented in a well written paragraph

· Key operating principles as you will apply them

· A preliminary market analysis of the market(s) into which ToolsCorp expands

· The one-year, five-year, and ten-year strategic objectives of the strategic initiatives presented as one strategic proposal for each time frame (3 strategic proposals in all), complete with implementation plans, potential ramifications, and feedback mechanisms

· The additional material that your group considers necessary to support the case for going forward with ToolsCorp’s global strategic initiative (This is not optional, you must input additional material.)

Background Information

ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is 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 that place sales papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the United States and Canada, ToolsCorp is trying to break into the global marketplace.

 

 

 

As per the group we will be focusing on the 1-year plan, 5-year plan, and 10-year plan.

For the 1-year plan, we will be doing lawn mowers, microwaves, lawn furniture, and ranges.

For the 5-year plan, we will be focusing on solar powered lawn mowers / debris removal completely solar powered. We will also incorporate these lawn mowers to have blowers on the sides with an adjustable switch, that can be used for blowing debris, leaves, and snow. Customers will have the option to use this multifunctional machine to use it with solar power or a regular plug customized to customers country. We will also offer a Lifetime Warranty on Manufacturer defects. We will start trials at HomeDepot, Lowes, Sears, etc. for customer feedbacks.

Also, for the 5-year plan we will introduce a multifunctional tool box which will include: drills, saws, hammer, screwdrivers, pencil bits, flashlight, wrenches, tape measures. Customers will have the option to purchase these tool boxes customized for their trucks and special plugins.

For the 10-year plan, we are going full Robotic. A Robotic Innovation. This Robotic will be used for cleaning up landslides, and major debris.

We will be expanding to Asia, Taiwan, India, multiple European cities, and Africa.

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