Prior to beginning work on this assignment, review the following through the Growing Your Business simulation, the Strategy video available in the Supplementary Review Materials through the Help...

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Prior to beginning work on this assignment, review the following through the Growing Your Business simulation, the Strategy video available in the Supplementary Review Materials through the Help section, read through the pop-up screen titledThoughts as you prepare your Strategythat will show when you go to the SWOT and Strategy tab of the TriCorp simulation, read the Internal Emails, and read the Welcome on Board memos. Additionally, read The U.S. Medical Device Industry: Strengths, Weaknesses, Opportunities, and Threats, The Potential of Medical Device Industry in Technological and Economical Context, and Introduction to the Special Issue.


The final section that must be completed in the Growing Your Business simulation for Week 1 is your SWOT and Strategy. Your Strategy, in particular, should be guiding all of your decisions (in the corporate world one of the primary reasons business commitments are not met is the misalignment between decisions and strategy). This will be your compass when making decisions for your organization.


The SWOT and Strategy assignment,



  • Must be completed through theGrowing Your Business simulation.

  • Must describe Hisco's Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis) based on the information you have read.

  • In the Strategy section, must describe what your strategy will be for the next two to three years.

  • When you are done, click the checkbox at the bottom of the screen, then click Save SWOT and STRATEGY.

  • All the inputs have to have at least 50 words.

  • After completing the simulation, students must save the provided pdf from the Pdf Report link and submit it through Waypoint. Verify your submission was successful.

Answered 2 days AfterFeb 07, 2021

Answer To: Prior to beginning work on this assignment, review the following through the Growing Your Business...

Tanmoy answered on Feb 10 2021
151 Votes
Hisco SWOT Analysis & strategy
Strengths
Hisco Company is the most outperforming organization in the area of supply chain s
olution. It was established in 1971 and over a period of time has acquired huge reputation in the field of aerospace, electronics, medical, industrial assembly and electronics. The Hisco facilities have extravagant production facility and manufactures quality products at an affordable cost. There is research and development process conducted by Hisco for development of new and innovative products. They produce readers for medical usage and ensure that these products are of top quality and are analysed carefully to adhere to the set standards. The company is present in 30 stock warehousing locations in North America and serves the customers through their efficient inventory management services i.e. Just-in-Time approach (JIT)
Weaknesses
Presently there is no concrete plan of action that has been developed by Hisco which could help them in expansion and growth of their business in the future. Also, Hisco's Net Income for the current period has declined due to the global slowdown followed by pandemic covid-19. The company generally manufactures assembly level goods and products and hence requires huge amount of...
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