Question: This is the business problem I have created to work on I am having trouble with the SWOT and strategic planning of leadership looking for

This is the business problem I have created to work on I am having trouble with the SWOT and strategic planning of leadership looking for guideance

Business Problem

Employees determine the success and efficiency of a corporation. Unhappy and unskilled workers portray low productivity affecting overall corporation performance. One of the concepts that determine productivity rates is skills significant to businesses and communities. Besides, matching employees' skills can be costly. The business challenge affecting Movieflix is the mismatch between the required employees' skills and available talent. Mismatched skills involve adequate or lack of employees' qualifications regarding job conditions (Tijdens, Beblav, & Thum-Thysen, 2018). The company might have qualified and unskilled employees in different positions. Besides, employees might be in the wrong units and positions.

Mismatching skills affect the marketing, production, and finance section of an organization. A mismatch in the corporation's required and available skills can delay production, decrease revenue, and lower client satisfaction. Martin (2018) claims that a corporation losses about 80 cents every hour due to mismatched skills. The author argues that employers and stakeholders are accountable for mismatching skills in institutions. The writer claimed that the finances lost during work session affects the corporation's earnings (Martin, 2018). Besides, employees produce low-quality items decreasing customer satisfaction.

The reason and cause of the problem persisting in the organization are inadequately skilled workers. Most of the employees in the corporation raised issues in filling positions with qualified personnel. Changes in technology have affected workers' qualifications, and learning institutions do not transform their curriculums to meet the desired skills. Employers recruit employees with the hope of training them to attain the desired qualifications. However, it affects production activities, and companies fail to meet their expected outcomes (Sparreboom & Tarvid, 2016). Mismatching skills occurs due to low skilled employees.

If the company fails to solve mismatched skills, it will spend significant amounts and recruit employees without the necessary qualifications. Polachek et al. (2017) claimed that corporations use about $ 72 billion each year on recruitment processes, while 80% of the amount is lost due to poor hiring. It is costly to corporations since it affects revenue. Besides, the corporations can raise product prices where the burden is shifted to consumers. Significant recruitment expenses can decrease workers' bonuses. Failing to resolve the mismatch in employees' skills reduces revenue and productivity.

It is now time to begin the strategic planning phase of your project. You have been hired as a consultant to help MovieFlix solve a business problem. You've previously described to MovieFlix's leadership the first step to helping them solve their problem. Now it's time to provide them with a full plan and timeline.

  • Create SWOT analysis chart for MovieFlix. For your SWOT analysis, you need to list 3 internal strengths, 3 internal weaknesses, 3 external opportunities, and 3 external threats for MovieFlix.
  • Discuss the information that you put into your SWOT analysis. Why did you list the strengths, weaknesses, opportunities, and threats that you did? Why are they strengths, weaknesses, etc.

Now that you have your strategic plan in place, it's time to assemble your team to help you to execute your plan.

  • Explain the types of teams that Rasmussen Consulting will need in order to carry out the steps that you mapped out in your strategic plan.
  • What will be the role of the team members?
  • Why are these particular teams important for Rasmussen Consulting to properly execute the solution to MovieFlix's problem?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!