Conduct an internal and external environmental analysis for your proposed new division and its business model.

Economic Forces and Trends:

The economy can have a significant impact on the success of a new division and its business model. Economic forces and trends that should be considered include overall economic growth, inflation, interest rates, and consumer spending. The current economic climate is characterized by slow growth, low inflation, and low interest rates. Consumer spending remains relatively strong, driven by low unemployment and modest wage growth.

Legal and Regulatory Forces and Trends:

The new division and its business model will also be affected by legal and regulatory forces and trends. These include changes in laws and regulations that govern the industry, as well as changes in the political climate. For example, changes in healthcare laws and regulations may have a significant impact on the healthcare industry and the proposed new division.

Adapting to Change:

The ability of an organization to adapt to change is critical to its long-term success. The proposed new division and its business model must be flexible and able to adapt to changes in the external environment, such as changes in laws and regulations, as well as changes in consumer demand. Furthermore, the new division should have a culture that encourages innovation and risk-taking.

Supply Chain:

The proposed new division’s supply chain will play a critical role in the success of the business model. The new division must develop and leverage core competencies and resources within the supply chain in order to make a positive impact.