IFSM 300 UMUC Haircuts Stage 1
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Case Study, Stage 1: Business Environment Analysis
Before you begin this assignment, be sure you have read the “UMUC Haircuts Case Study” and be sure to take a look at the “Walmart Example.”
Purpose of this Assignment
This assignment gives you the opportunity to apply the concepts of the Porter Five Forces model to a specific business, develop a strategic direction for UMUC Haircuts, and identify a process that could be improved with the use of technology. This assignment specifically addresses the following course outcomes to enable you to:
• analyze business strategy to recognize how technology solutions enable strategic outcomes
• analyze internal and external business processes to identify information systems requirements.
Business Environment Analysis for UMUC Haircuts
UMUC Haircuts has been in business since 1995 and has seen an increase in competition from a variety of competitors, as described in the Case Study. With the news that a Hair Cuttery is likely to open only five miles away, Myra, the owner of UMUC Haircuts,is concerned and has asked you to help her assess the impact on her business and how she can deal with it. worried and is looking to you to provide reassurance that the competition will not affect the business. In addition, Myra has asked you for assistance in developing a strategy for bringing UMUC Haircuts into the 21st century and taking advantage of technology.
You know that Michael Porter’s Five Forces Model is a useful tool for analyzing a business, understanding the importance of the five competitive forces and helping to develop a Generic Strategy. Porter’s Model is also used to aid organizations facing the challenging decisions of dealing with changes made by existing competitors, entering a new industry or industry segment, or developing a strategy for dealing with new competition. The Five Forces Model...