Unit 5 MGT680 Group Project Due Wednesday ✓ Solved

Unit 5 Mgt680 Group Project Due 6920a Draft Is Due By Wednesday 520

Develop a comprehensive report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorp Corporation, a fictitious company located in Tennessee. The report should seek approval to proceed with developing a full business plan for ToolsCorp's strategic initiative to enter the global marketplace. The paper must include the following components:

• A complete SWOT analysis (with at least 5 factors from each category and full explanations of their importance and categorization) of ToolsCorp's current environment and the environment it proposes to target.
• An outline of the business plan to be created for the strategic initiative.
• A full mission statement composed of the nine components, articulated in a well-written paragraph.
• Key operating principles that the company will apply.
• A preliminary market analysis of the international markets into which ToolsCorp intends to expand.
• Three strategic objectives—one each for the one-year, five-year, and ten-year horizons—each with an implementation plan, potential ramifications, and feedback mechanisms.
• Additional pertinent material justifying the decision to pursue the global strategic initiative, demonstrating thorough analysis and supporting evidence.

The report should be at least 15 pages in length (excluding cover and references). It must be well-researched, integrating a minimum of 15 scholarly sources, with at least one source per page of content. You are encouraged to incorporate course materials and the textbook by David, along with other credible research sources, formatted according to APA guidelines. If the paper exceeds 10 pages, an executive summary is required.