QSO 489 Milestone One-Bailey

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Southern New Hampshire University *

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QSO-489

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Management

Date

Jan 9, 2024

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docx

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7

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Running Head: QSO-489 MILESTONE ONE 1 QSO-489 Milestone One Geoffrey Bailey 17 July 2022 Southern New Hampshire University
QSO-489 Milestone One 2 In todays fast paced business environment, leadership needs to able to analyze trends in order to capitalize on opportunities and mitigate the potential damage that could be caused by threats. In addition, when the managers at Novelis have a clear picture of an organizations strengths and weaknesses, they are better able to guide policy. This why organizations like Novelis employ the SWOT (Strength, Weakness, Opportunity, Threat) analysis. “A SWOT (strengths, weaknesses, opportunities and threats) analysis looks at internal and external factors that can affect your business. Internal factors are your strengths and weaknesses. External factors are the threats and opportunities. If an issue or situation would exist even if your business didn't (such as changes in technology or a major flood), it is an external issue” (Queensland Government, 2021) . This is what makes a SWOT analysis a useful tool when utilized for brainstorming and strategic planning. However, one will typically achieve better results from a SWOT analysis if is conducted with a specific objective or question in mind. Typically, a SWOT analysis is arranged in a grid format that allows leaders to look at it and make direct comparisons with the Strength and Opportunities blocks are the left side of the chart, while the Weaknesses and Threats columns make up the right side. There are some situations where an entry such as an opportunity will also have its inverse value in the threat column. This is because in the world of business, these items are not always cut and dry and there fore all scenarios must be accounted for. That is why, while useful, the SWOT analysis is only a starting point and managers at Novelis would be advised to flesh out all items as part a full operational review.
QSO-489 Milestone One 3 Strengths Aluminum is infinitely recyclable Huge worldwide market for aluminum Global footprint for manufacturing Global customer base Weaknesses Dependent on recycling efforts Limited ability to produce virgin metal from bauxite Aluminum smelting is environmentally messy Aluminum Manufacturing runs on tight margins Opportunities Global shift towards recyclable packaging Global recycling efforts are increasing More industries are switching to aluminum products Recycling aluminum is cheaper than creating virgin stock Threats Many Competitors in industry Shortages can drive prices and create supply chain issues Innovations can overutilize available supply Substitute products such as plastics cost less Strengths Aluminum is metal that can be molded, shaped, repurposed, and then recycled all over again. This principle is the core element that drives all business functions at Novelis.
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