External and Internal Environments

use the same corporation you selected for the Week 3 assignment and examine the industry in which the entity operates. This assignment requires the use of three or more quality resources, including your textbook. Use any or all of the following resources to conduct research on the chosen corporation:

The corporation’s website.
Public filings from the Securities and Exchange Commission’s Filings & Forms page.
Strayer University’s online databases.
The Nexis Uni database.
Other credible sources such as the corporation’s annual report, will often provide insights that other resources may not include.
It is expected that you will use your textbook as a resource for this assignment.
Instructions:
Read the Assignment Formatting and Tips [PDF] before starting the assignment. Refer back to this document as needed.
Download and save the External and Internal Environments Template [DOCX].
Use the template to write a 4-6 page academic research paper in which you include the following:
Step 1. Choose one segment of the general environment that would rank highest in influence on the selected corporation:

Assess how this high-ranking segment in the general environment influences the corporation and the industry in which it operates.
Step 2. Considering the Five Forces of Competition, choose one that you estimate to be the most significant for the selected corporation:

Evaluate how well the corporation addressed this force in the last five years. Support your response with relevant, specific evidence.
Step 3. With the same force in mind, predict how the corporation could improve its ability to address this force in the next 5-10 years. Support your response with relevant, specific evidence.Step 4. Consider the external threats affecting the corporation:

Assess how the corporation should deal with its most serious external threat. Support your position with two pieces of specific evidence.
Step 5. Consider the opportunities available to the corporation:

Assess how the corporation should deal with its greatest opportunity. Support your position with two pieces of specific evidence.
Step 6. Consider the corporation’s greatest strengths:

 

Sample Solution

Legos are plastic building blocks that come in a variety of shapes, colors and sizes. These plastic blocks all have circular holes that protrude from the surface of the block, which allows for the pieces to interlock. The interlocking by these plastics pieces allows for the builder to create a multitude of intricate designs. These designs, include, but not limited to, famous buildings such as Big Ben or Taj Mahal, famous cities such as London or New York City, or famous pieces of machinery such as the Millennium Falcon or the Death Star from Star Wars. The possibilities for creation are endless with Legos. Legos are a staple toy for many children’s childhood and serves a great purpose than just being a children’s toy. Legos are an excellent toy because they strengthen a child’s development , serves as a foundation for future careers, and appeals to all ages.

Before delving into the evaluation of the toy, one should learn about the history of Lego. The Lego company was founded by a man named Ole Kirk Kristiansen. He founded the company in 1932 and based it in Billund, Denmark. He combined the first two letters of the Danish Words “LEG GODT”, meaning “play well”, to create the name for the company. He created the toy because he believed that it had the powerful ability to develop a child’s cognitive, emotional, and social skills(Mortensen). His belief that the toy can help in children’s development has been proven by a multitude of studies done with the toy. Today, the Lego company has overtaken major toy companies, such as Hasbro and Mattel, to become the number one toy company.

Legos have an amazing ability in strengthening a child’s development. First, they are able to strengthen a child’s cognitive skills. The cognitive skills that are getting improved by playing with legos are fine motor skills and math skills (Sri). Legos come in a vast range of shapes and sizes, which can lead to twisting and turning a child’s hands, fingers, and arms. This promotes coordination and dexterity which are needed for children for crafts, handwriting, and dressing themselves. Legos also help in a child’s math skills because children need to learn how to add, subtract, multiply, or divide how many pieces they need for their creation. A study has been done to see if Legos actually increase cognitive development. There were two groups of kids and one group was able to play with legos for a month and the other group was not able to play with Legos. After the mo

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