Advantages Of Unemployee

Competitive Advantage

Irrefutably, organizations strive to have the competitive advantage in the marketplace. While having a strategy is fundamental, the organization must be aware of the internal and external factors that could affect the organization. Therefore, it is imperative that the organization utilizes analytical tools to gain an understanding of the environment in which they are operating in and to ensure that the organization can maintain the competitive advantage. Among these tools are the PESTEL analysis, the Five-Forces Model of competition, the VRIN test, and the SWOT analysis (Bethel University, 2017). When looking at the macro-environment, which incorporates broad-based facets in the organization's environs that could have

The location in the rural area of Benton County, Tennessee economic conditions such as the unemployment rate plaque the facility. With one of the highest unemployment rates in the state of Tennessee, one would think that finding employees that want to work would be easy ("Unemployment Rates In Nearly All Tennessee Counties Remained Under 5.0 Percent In October", 2017). However, finding and retaining employees is a struggle in this facility. Another factor that Jones Plastic and Engineering must focus on is the conditions of the general economic climate. Although the organization is diversified and the company supplies numerous industries such as the automotive industry, appliance industry, industrial equipment industry, and the outdoor equipment industry with products, a change in the economic climate in any of these industries will directly affect the overall profitability of Jones Plastic and Engineering. Therefore, if there is a decline in any of these industries the demand for the products produced currently will decline and will have a negative effect on the organization. In addition, sociocultural forces could have a significant impact on Jones Plastic and Engineering. Subsequently, two of the five locations that are located in Tennessee and Kentucky are located in tier four depressed counties. Unfortunately, at the

Furthermore, the SWOT analysis can be incorporated into the strategic planning model of an organization (Dharmaraj, Sivasubramanian & Sudhahar, 2010). Fundamentally, this analysis is an unpretentious but formidable tool that can assist management in knowing how to defend the organization against threats and gain knowledge on what direction to pursue in the marketplace (Bethel University, 2017). In completing the SWOT analysis for Jones Plastic and Engineering, the organization's strengths are the employees, the ability to train in-house, and the equipment assets, having zero debt and customer diversification. Jones Plastic and Engineering internal weaknesses are the geographic location of the facility, fear of change, and the old ways culture. Market opportunities are the current push for industrial growth in the state of Tennessee, expansion of the facility, Tennessee reconnect education program, and the students coming out of the vocational schools. External threats could be with the industrial boom other injection molding facilities in the area, and the opening of other factories in the area that may entice our employees to leave our organization. While we have tremendous strengths and opportunities, we must remain diligent in overcoming our