ToolsCorp Corporation is a fictitious company that does notexist 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 withinToolsCorp 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 (3strategic 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.)
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