{"id":5875,"date":"2024-01-14T06:19:40","date_gmt":"2024-01-14T06:19:40","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/3-1-project-one-submission-chosen-diversification-industry-aerospace-industry\/"},"modified":"2024-01-14T06:19:40","modified_gmt":"2024-01-14T06:19:40","slug":"3-1-project-one-submission-chosen-diversification-industry-aerospace-industry","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/3-1-project-one-submission-chosen-diversification-industry-aerospace-industry\/","title":{"rendered":"3-1 Project One Submission – Chosen Diversification Industry – Aerospace Industry"},"content":{"rendered":"

BUS 225 Project One Guidelines and Rubric<\/span><\/p>\n

Competency<\/span><\/b><\/span><\/h2>\n

In this
\nproject, you will demonstrate your mastery of the following competency:<\/span><\/p>\n

\u00b7   <\/span><\/span><\/span>Utilize
\ninformation from industry and scholarly sources to inform problem solving and
\ndecision making<\/span><\/p>\n

Scenario<\/span><\/b><\/h2>\n

You are
\nthe sales department manager for a U.S.-based company that builds engines for
\nthe automotive manufacturing industry. Your company is considering diversifying
\ninto other business opportunities where your motors can be sold in order to
\nbolster the company\u2019s portfolio and increase revenue. Based on your knowledge
\nof the national sales landscape, your manager would like you to conduct
\npreliminary research and prepare a presentation with your recommendation for
\nopportunity in a chosen industry that will allow for this diversification
\nthrough a new sales division and increased sales. You have been asked to make
\nyour presentation at the next stakeholder meeting, where you will address
\ninternal stakeholders from across the company as well as external stakeholders
\nsuch as customers, investors, and suppliers.<\/span><\/p>\n

As a
\npreliminary step in developing this presentation, your manager would like to
\nsee an executive summary of your research findings and evaluate your decision
\nmodeling.<\/span><\/p>\n

Directions<\/span><\/b><\/span><\/h2>\n

Complete the Project One
\nWorksheet in your Soomo webtext and submit it for instructor feedback.<\/span><\/span><\/p>\n

Part 1: Define<\/span><\/b><\/span><\/h2>\n

You will
\nfirst conduct research on the U.S.-based automotive manufacturing industry
\nusing the Shapiro Library database links provided in the supporting materials
\nsection below. Then, prepare an analysis report that addresses the following:<\/span><\/p>\n

1.
\n<\/span><\/span><\/span>Define the problem.<\/span><\/p>\n

a.     
\n<\/span><\/span><\/span>Explain the type of
\nqualitative and quantitative data you will be targeting in your research.<\/span><\/p>\n

2.
\n<\/span><\/span><\/span>Provide a broad
\ndescription of the U.S. automotive manufacturing industry and its value.
\nInclude:<\/span><\/p>\n

a.     
\n<\/span><\/span><\/span>Total value of the
\nindustry<\/span><\/p>\n

b.     
\n<\/span><\/span><\/span>Sales by region<\/span><\/p>\n

c.     
\n<\/span><\/span><\/span>Sales by fuel type:
\nelectric, hybrid, and gas<\/span><\/p>\n

3.
\n<\/span><\/span><\/span>Describe the current
\ntrends in the automotive market.<\/span><\/p>\n

a.     
\n<\/span><\/span><\/span>The trend toward
\ndifferent types of motors for the vehicles being made and sold, such as
\nelectric and hybrid<\/span><\/p>\n

b.     
\n<\/span><\/span><\/span>Trends in customer
\ndemands such as vehicle color, extra features, and styles<\/span><\/p>\n

c.     
\n<\/span><\/span><\/span>Trends in the body types
\nof vehicles sold (SUVs, trucks, sedans)<\/span><\/p>\n

Part 2: Research<\/span><\/b><\/span><\/h2>\n

In Module
\nOne, you chose an industry that you think would provide opportunity for your
\ncompany (Aerospace
\nIndustry Chosen)<\/span><\/b>. Now, using industry-specific and scholarly
\nresources to inform your decision, prepare an industry analysis report that
\nincludes the following:<\/span><\/p>\n

1. <\/span><\/span><\/span>Provide a
\nbroad description of the chosen industry (Aerospace Industry Chosen)<\/span><\/b>.<\/span><\/p>\n

a.      <\/span><\/span><\/span>Describe
\nthe overall attractiveness of the industry (Aerospace Industry Chosen)<\/span><\/b>.<\/span><\/p>\n

                                                           
\n<\/span>i.         
\n<\/span><\/span><\/span>Is this a growing industry?<\/span><\/p>\n

                                                          
\n<\/span>ii.         
\n<\/span><\/span><\/span>Is this an industry that has a lot of growth potential?<\/span><\/p>\n

                                                         
\n<\/span>iii.         
\n<\/span><\/span><\/span>What outside factors are affecting its growth?<\/span><\/p>\n

b.      <\/span><\/span><\/span>Identify
\nthe factors that have allowed competitors to be successful in this industry
\nthus far.<\/span><\/p>\n

c.      <\/span><\/span><\/span>Summarize
\nthe overall value of the industry.<\/span><\/p>\n

                                                           
\n<\/span>i.         
\n<\/span><\/span><\/span>How is the industry currently trending?<\/span><\/p>\n

d.      <\/span><\/span><\/span>Summarize
\nthe sales. Speculate if sales vary based on the region of the country. (For
\nexample, there would be very few snow plow sales in the southern United States,
\nif any at all.)<\/span><\/p>\n

e.      <\/span><\/span><\/span>Define
\nexpected growth areas.<\/span><\/p>\n

2. <\/span><\/span><\/span>Describe
\nthe current market trends for the chosen industry (Aerospace Industry Chosen)<\/span><\/b>.<\/span><\/p>\n

a.      <\/span><\/span><\/span>What
\nproducts or services are trending?<\/span><\/p>\n

b.      <\/span><\/span><\/span>What are
\nsome current customer demands?<\/span><\/p>\n

3. <\/span><\/span><\/span>Perform a
\nPorter\u2019s Five Forces analysis to determine the potential success of moving into
\nthis chosen industry (Aerospace
\nIndustry Chosen)<\/span><\/b>.<\/span><\/p>\n

a.      <\/span><\/span><\/span>Explain
\nyour rationale.<\/span><\/p>\n

Part 3: Compare<\/span><\/b><\/span><\/h2>\n

Compare
\nthe two industries and summarize your findings.<\/span><\/p>\n

1. <\/span><\/span><\/span>Perform a
\nPorter\u2019s Five Forces analysis to compare the two industries.<\/span><\/p>\n

2. <\/span><\/span><\/span>Summarize
\nhow your findings address the problem.<\/span><\/p>\n

What to Submit<\/span><\/b><\/span><\/h2>\n

To
\ncomplete this project, submit an executive
\nsummary report<\/span><\/strong> of 3 to 4 pages using the provided
\ntemplates, or the document you downloaded from Soomo. Sources should be cited
\naccording to APA style.<\/span><\/p>\n

Supporting Materials<\/span><\/b><\/span><\/h2>\n

The
\nfollowing resources support your work on the project:<\/span><\/p>\n

\u00b7  
\n<\/span><\/span><\/span>Project One Template Word Document<\/span><\/a><\/span><\/span><\/p>\n

\u00b7  
\n<\/span><\/span><\/span>Porter\u2019s Five Forces Analysis Template PPT<\/span><\/a><\/span><\/span><\/p>\n

\u00b7  
\n<\/span><\/span><\/span>Shapiro
\nLibrary Database: IBISWorld<\/span><\/a><\/span><\/span><\/p>\n

\u00b7   <\/span><\/span><\/span>Shapiro
\nLibrary Database: MarketLine<\/span><\/a><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

BUS 225 Project One Guidelines and Rubric Competency In this project, you will demonstrate your mastery of the following competency: \u00b7   Utilize information from industry and scholarly sources to inform problem solving and decision making Scenario You are the sales department manager for a U.S.-based company that builds engines for the automotive manufacturing industry. Your […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[9],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/5875"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=5875"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/5875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=5875"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=5875"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=5875"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=5875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}