1Running Head STRATEGIC IMPLEMENTATION PLAN STRATEGIC IMPL

1
Running Head: STRATEGIC IMPLEMENTATION PLAN
STRATEGIC IMPLEMENTATION PLAN
4
As discussed before, Voxx International Corporation is an
American company dealing with consumer electronics and after-
market automotive electronics as well as originally
manufactured electronics. It has some set of strategies,
including strategic Business Level, corporate-level strategies,
and global strategies. The strategies are meant to help the
organization push its operations towards achieving the set goals.
A strategic implementation plan is used to put into practice the
outlined strategies.
A strategic implementation plan is a document employed in
defining the implementation strategy. It outlines the decisions
and activities that are essential in turning the strategic goals
into reality. It also includes progress reports and feedback to
ensure that the plan is on track and moving in line with the laid
objectives. This strategic implementation plan is meant to guide
the organizational direction, specific efforts, and the outlined
initiatives. It is through the implementation that the processes
of bringing the strategic plans into life are discussed.
Objectives
The purpose of these strategic plans is to give the stakeholders
in Voxx International corporation confidence that the
accomplishment of current strategic plans has been considered.
It lists the activities, tasks, and processes involved in producing
deliverables (Zhang et al. 2018). It enables the stakeholders and
the organization at large to apply management best practices in
initiating and carrying out the set plans. It will guide the
strategic implementation teams to recognize and apply the beat
best quality management practices for the plan that results in
improved quality of the plans' variables. Besides, it defines the

strategic plans’ scope and schedule duration of tasks
confidently to attain better time management in the strategic
plan management. It enables the team to implement the
monitoring tools and controls to keep the stakeholders on time
track of the strategic plan course.
Functional Tactics and Action Items
Functional tactics are the critical and routine activities that
guide strategic implementation. To implement the strategic
plan, there are several functional tactics to be considered. They
include human resource management, finance, marketing, R&D,
and operations to produce the business products and services.
For optimal functioning of the Voxx International corporation,
the implementation plan management team has to evaluate the
research competitor pricing the services offered as well as offer
education and training to employees on the new practices and
standards in the competition. The action items are particular
actions that facilitate plan and goal implementation. The one
applicable for Voxx International corporation is identifying new
market strategies and effective communication procedures. A
group of individuals will execute the action plans within six
months of the strategic plan.
Task and task ownership
Tasks should be assigned to different groups with set time
frames. Task ownership is a cardinal factor for motivation since
it upholds responsibility and accountability among the
corporation’s teams (Harper & Sanchez 2019). The finance team
is mandated to receive payments and submit a credit application
to financial organizations. The salespersons will secure the
essential documentations and drive in new customers.
Milestones and Deadlines
Voxx International corporation needs to have milestones and
deadlines for the implementation plan. Some of them include
expanding them into the international market by September
2020, conducting yearly employee surveys to gauge their
expertise and skills. It also plans to implement diverse global
technological systems to serve different markets by November

2020. An allowance time of two months is set for the deadlines.
Voxx International corporation management team will monitor
the progress.
Resource allocation
Voxx International corporation’s resources will be allocated as
per the needs and roles of every department. The accounting,
import, logistics, and export departments will be allocated
technological resources, and hired specialists needed every
field. The sales and marketing teams will be funded to support
advertisements, promotions, sales calls, and frequent updates
about Voxx International corporation to the customers and staff.
Key success factors
To ensure that the strategic plan is successful, A Voxx
International will employ certain techniques. The utilization of
customer feedback to fast track their dynamic needs and
preference. Studying the global marker to aid in implementing
the global strategy for the organization. The global market
strategy can be successful if the company collect every
information about the markets. The adequate funding of the
strategic implementation plan will ensure that all the processes
and procedures are completing at the stipulated time. Voxx
International corporation ought to achieve a booking and sales
increase of at least thirty-five percent to proceed with the global
strategy and tapping of new markets.
Risk Mitigation and Contingency Plan
Voxx International corporation is likely to face some risks that
impact the implementation plan. Among the identified risks
include loss and damage f electronic products. The other risks
include government regulations that might delay the
implementation of the strategic plans. Loss of major suppliers
and distributors' information. The contingency plan will address
the risk associated with the loss and damage of electronic
products (Saleh, Ibrahim & Abd Rahman 2019). The following
preventive measures ensure that the customer's and the
organization's security and satisfaction is guaranteed.
Restricting access to the organization's information, including

those for the suppliers and distributors. Varying the supply
documents to avoid liability from losses and damages of
electronic products.
Organizational change management strategies
Organizational change is essential for organizations that need to
remain competitive and evolve their operations. For Voxx
International corporation, the most effective change
management strategies are the ones that focus on the elements
of the employees. The decisions of the employees are
significantly impacted by organizational change. Several change
management strategies deal with the human aspects of
organizational change. They include a proposed incentive,
redefine cultural values, exercise authority, recruiting
champions of change, and shift the burden of adjustment.
Shifting the burden of change enhances the successful
implementation of the strategic plan. People are always quick to
oppose changes, particularly those they perceive as disruptive
or undesirable. The implementation team can take advantage of
the transformative organizational change and adaptability by
establishing new structures and completing new workflows and
processes. It has a gradual transformation from the old strategic
plans to the new ones.

Reference
Awino, Z., Muteshi, M., Kitiabi, R., and Pokhariyal, G. (2018).
Firm-Level Strategy, Organization Culture, and Performance of
Food and Beverage Manufacturing Firms in Kenya.
International Journal of Business and Management. Vol. 13, No.
8. -ISSN 1833-8119
Harper, L. E., & Sanchez, D. (2019). Strategic
Implementation of Green Public Procurement in the City of
Buenos Aires. In Green Public Procurement Strategies for
Environmental Sustainability (pp. 110-147). IGI Global.
Saleh, N., Ibrahim, I., & Abd Rahman, F. (2019). Determine the
Factors of Influence the Technological, Organizational,
Environmental, Halal Awareness towards Halalan-Toyyiban
Risk Management Plan (HTRMP). Transportation, 2(09).
Zhang, X., Song, H., Gao, G., Ma, L., Liu, T., & Liu, L. (2018,
December). Evaluation Framework for Strategic Implementation
Process in Large Enterprises. In Third International Conference
on Economic and Business Management (FEBM 2018). Atlantis
Press.
Running head: Strategic Plan 3: Business, Corporate and Global
Strategies 1
Strategic Plan 3: Business, Corporate and Global Strategies
7
Business, Corporate and Global Strategies
Introduction
The concern of this project is to provide an evaluation of
potential strategy levels of Voxx International Corporation is a
celebrated global distributor of manufacturer automobile and
electronic and consumer’s accessories industries (Voxx
International Corporation, 2019). The company grew over 30
brans globally over the years; thus, achieving international and
regional image. The corporation indulges in myriad business
strategies to ensure enterprises prowess, continuation, and
competitive advantage within the market proliferation and free-
market competition appraisal. Potential business strategies

levels provide basic information for corporate levels, possible
global strategies levels, and a prerequisite step in business plan
and organization performance at internal and external standards.
The purpose of this strategic plan discussion is, therefore, to
provide pragmatic and hypothesized levels of Strategies for the
corporation regarding competitive advantage, productivity
reinvention, and proactivity in business performance and
measure of the quality outcomes. The strategy Voxx
International employs within the business – level, corporate
level, and global level leverage the strategies fundamental in
further recommendations.
Strategic Business Level
The business strategy level provides fundamental measures to
counteract potential rivalry by providing substantial techniques
to leverage performance and profitability. The firms decide on
the appropriateness of the strategies either differently from the
rivalry companies or in even means with advanced application
to outweigh the competitor's analysis. Therefore, Voxx
International Corporation employs myriad techniques to achieve
a competitive advantage at the business label. The corporation
produces goods and services for the external market to obtain a
position in mission and objective accomplishment. There are
various bruises- level strategies that the company uses to
achieve competitive advantage (Ritson N, 2011). The
approaches include unit cost and peculiarity in performance.
Therefore, the corporation chooses on significant and narrow
competitive analysis in the market. The concepts incorporate
fundamental business strategies such as charge leadership
approaches, differentiation approaches oriented low -cost
methods, and focused separation strategies in the market.
Therefore, the company employs the strategy to achieve the
advantages of business-level strategies such as low cost of
production, the good business investment return, and business
continuation.
At the business – level strategies, Voxx International employs
significant techniques to impact market competition and

penetration relative with the competitors positively. The
employment of the Voxx family brands is an essential strategy
in unique of the branding fundamental for market penetration
and retention. The brand portfolio establishes robustness in-
market acquisition and retention to meet global market demand.
Moreover, Voxx International Corporation, the company
provides bottom-line performance to sustainable performance of
the shareholder return strategies for a collaborative and
cohesive work deliverable. Therefore, the company employs
leadership and differentiation strategies to facilitate a business -
level approach in the production and continuation of the
business.
Corporate level strategies
The organizational approach is fundamental to establish the
business firm indulges in and formulation of the firm structure
and performance influencing internal and external activities in
myriad dimensions. Therefore, Voxx international Corporation
accommodates corporative strategy for the formulation and
structure planning of the business to provide critical managerial
and cohesive workforce management and product production
synergies. The firm developing healthy, organizational culture
and workforce synergies is necessary for the output performance
and deliverables in the market acquisition and deliverables
relating to product production structure and formulation (Awino
Z, Muteshi M, Kitiabi R & PokhariyaL, G, 2018). Therefore,
Voxx international employs various techniques to facilitate
production planning and performance formulation. The
corporation articulates the persuasion of strategic and
complementary acquisition; maintains the acquisition criteria to
avoid pricing and actuation predatorily. The concept facilities
the corporate strategy level in Voxx international to establish a
robust product and market retention in automobiles, customer
accessories, among other products and services.
Global strategies for the organization
The development of market proliferation and world economy
leads to adaptation of the multinational enterprise (Yaprak, A.,

Xu, S., and Cavusgil, E. (2011). The implementation of global
strategies provides international performance strategies and
management in business applications. Voxx International
Corporation manufactures and distributes automobiles and
customer accessories, among others, within the global platform.
Due to documentation, the corporation provides a universal
image for market penetration, global standards, and rules and
regulations recommendation. The corporation delivers a strategy
to leverage domestic and international networks of distribution
to establish a robust relationship within international and local
market coverage. The company employs networks such as Car
Dealers, OEMs, retailers and a comprehensive chain of
distribution. The plan is essential at the international level in
proving goods and services. The strategy of worldwide presence
is a fundamental approach demonstrating myriad techniques in
performance and continuation of business at Voxx International
Corporation. The availability of physical presence in Europe,
Canada, and China strategy creates comprehensive business
appeal due to physical transactions and contracts. The
corporation employs myriad techniques to facilitate the
international market, customers, and satisfaction for global
image and profitability.
Recommendations
Levels of strategies such as business, corporate, and global are
integral approaches in the use and development of positive
performance in a Corporation. The company requires synergies
in the levels of the strategies to facilitate the all -inclusive and
comprehensive market acquisition, maintenance, and
production. Therefore, an integrated platform for the business,
corporate, and intentional levels are fundamental in strategic
planning and leverage in business performance. For instance,
Voxx employs a business strategy level in the acquisition of the
market through low unit cost and unique performance to
facilitate competitive advantage, ensuring profitability and
business continuation.
Similarly, the application of the corporate strategy level is vital

in business management and leadership synergies for
formulation and business structure. The global strategy provides
international image and appearance of the company to
accommodate proliferation and free-market standards without
involvement in antitrust violations such as pricing predatory.
Therefore, the corporation should employ an integrated strategic
plan to include business, corporate, and global approaches in
market management.
References
8. -ISSN 1833-8119
Ritson, N. (2011). Strategic Management. Neil Ritson & Ventus
Publishing ApS: ISBN-978-87-7681-417-5
Voxx International Corporation. (2019). VOXX International
Corporation sets a date for Its Fiscal 2020 Third Quarter Results
and Conference Call. Retrieved from:
https://investors.voxxintl.com/node/14516/pdf
Yaprak, A., Xu, S., and Cavusgil, E. (2011). Effective Global
Strategy Implementation: Structural and Process Choices
Facilitating Global Integration and Coordination. DOI

10.1007/S11575-011-0071-6
Running head: Strategic Plan 3: Business, Corporate and Global
Strategies 1
Strategic Plan 3: Business, Corporate and Global Strategies
7
Business, Corporate and Global Strategies
Introduction
The concern of this project is to provide an evaluation of
potential strategy levels of Voxx International Corporation is a
celebrated global distributor of manufacturer automobile and
electronic and consumer’s accessories industries (Voxx
International Corporation, 2019). The company grew over 30
brans globally over the years; thus, achieving international and
regional image. The corporation indulges in myriad business
strategies to ensure enterprises prowess, continuation, and
competitive advantage within the market proliferation and free-
market competition appraisal. Potential business strategies
levels provide basic information for corporate levels, possible
global strategies levels, and a prerequisite step in business plan
and organization performance at internal and external standards.
The purpose of this strategic plan discussion is, therefore, to
provide pragmatic and hypothesized levels of Strategies for the
corporation regarding competitive advantage, productivity
reinvention, and proactivity in business performance and
measure of the quality outcomes. The strategy Voxx
International employs within the business – level, corporate
level, and global level leverage the strategies fundamental in
further recommendations.
Strategic Business Level
The business strategy level provides fundamental measures to
counteract potential rivalry by providing substantial techniques
to leverage performance and profitability. The firms decide on
the appropriateness of the strategies either differently from the
rivalry companies or in even means with advanced application
to outweigh the competitor's analysis. Therefore, Voxx

International Corporation employs myriad techniques to achieve
a competitive advantage at the business label. The corporation
produces goods and services for the external market to obtain a
position in mission and objective accomplishment. There are
various bruises- level strategies that the company uses to
achieve competitive advantage (Ritson N, 2011). The
approaches include unit cost and peculiarity in performance.
Therefore, the corporation chooses on significant and narrow
competitive analysis in the market. The concepts incorporate
fundamental business strategies such as charge leadership
approaches, differentiation approaches oriented low -cost
methods, and focused separation strategies in the market.
Therefore, the company employs the strategy to achieve the
advantages of business-level strategies such as low cost of
production, the good business investment return, and business
continuation.
At the business – level strategies, Voxx International employs
significant techniques to impact market competition and
penetration relative with the competitors positively. The
employment of the Voxx family brands is an essential strategy
in unique of the branding fundamental for market penetration
and retention. The brand portfolio establishes robustness in-
market acquisition and retention to meet global market demand.
Moreover, Voxx International Corporation, the company
provides bottom-line performance to sustainable performance of
the shareholder return strategies for a collaborative and
cohesive work deliverable. Therefore, the company employs
leadership and differentiation strategies to facilitate a business-
level approach in the production and continuation of the
business.
Corporate level strategies
The organizational approach is fundamental to establish the
business firm indulges in and formulation of the firm structure
and performance influencing internal and external activities in
myriad dimensions. Therefore, Voxx international Corporation
accommodates corporative strategy for the formulation and

structure planning of the business to provide critical managerial
and cohesive workforce management and product production
synergies. The firm developing healthy, organizational culture
and workforce synergies is necessary for the output performance
and deliverables in the market acquisition and deliverables
relating to product production structure and formulation (Awino
Z, Muteshi M, Kitiabi R & PokhariyaL, G, 2018). Therefore,
Voxx international employs various techniques to facilitate
production planning and performance formulation. The
corporation articulates the persuasion of strategic and
complementary acquisition; maintains the acquisition criteria to
avoid pricing and actuation predatorily. The concept facilities
the corporate strategy level in Voxx international to establish a
robust product and market retention in automobiles, customer
accessories, among other products and services.
Global strategies for the organization
The development of market proliferation and world economy
leads to adaptation of the multinational enterprise (Yaprak, A.,
Xu, S., and Cavusgil, E. (2011). The implementation of global
strategies provides international performance strategies and
management in business applications. Voxx International
Corporation manufactures and distributes automobiles and
customer accessories, among others, within the global platform.
Due to documentation, the corporation provides a universal
image for market penetration, global standards, and rules and
regulations recommendation. The corporation delivers a strategy
to leverage domestic and international networks of distribution
to establish a robust relationship within international and local
market coverage. The company employs networks such as Car
Dealers, OEMs, retailers and a comprehensive chain of
distribution. The plan is essential at the international level in
proving goods and services. The strategy of worldwide presence
is a fundamental approach demonstrating myriad techniques in
performance and continuation of business at Voxx International
Corporation. The availability of physical presence in Europe,
Canada, and China strategy creates comprehensive business

appeal due to physical transactions and contracts. The
corporation employs myriad techniques to facilitate the
international market, customers, and satisfaction for global
image and profitability.
Recommendations
Levels of strategies such as business, corporate, and global are
integral approaches in the use and development of positive
performance in a Corporation. The company requires synergies
in the levels of the strategies to facilitate the all -inclusive and
comprehensive market acquisition, maintenance, and
production. Therefore, an integrated platform for the business,
corporate, and intentional levels are fundamental in strategic
planning and leverage in business performance. For instance,
Voxx employs a business strategy level in the acquisition of the
market through low unit cost and unique performance to
facilitate competitive advantage, ensuring profitability and
business continuation.
Similarly, the application of the corporate strategy level is vital
in business management and leadership synergies for
formulation and business structure. The global strategy provides
international image and appearance of the company to
accommodate proliferation and free-market standards without
involvement in antitrust violations such as pricing predatory.
Therefore, the corporation should employ an integrated strategic
plan to include business, corporate, and global approaches in
market management.

References
8. -ISSN 1833-8119
Ritson, N. (2011). Strategic Management. Neil Ritson & Ventus
Publishing ApS: ISBN-978-87-7681-417-5
Voxx International Corporation. (2019). VOXX International
Corporation sets a date for Its Fiscal 2020 Third Quarter Results
and Conference Call. Retrieved from:
https://investors.voxxintl.com/node/14516/pdf
Yaprak, A., Xu, S., and Cavusgil, E. (2011). Effective Global
Strategy Implementation: Structural and Process Choices
Facilitating Global Integration and Coordination. DOI
10.1007/S11575-011-0071-6
External Environmental Scan-Voxx International Corporation 7
Content
Met
Partially Met
Not Met
Comments:
The paper uses an organization according to the following:
· Current employer
· Most recent or former employer
· Place of business that you have patronized or have been
familiar with over a long period of time.
· The organization can be a start-up that you or a significant
other may create in the future. For a start-up, focus on an
entrepreneurial idea that is of substantive interest, so this

project leaves you with a product you may leverage in the
future.
.
X
How did you go from Microsoft Voxx International? You are
supposed to keep the same business organization throughout the
course.
The paper includes a determination of how to create value and
sustain competitive advantage through environmental scanning
strategy.
X
The paper includes an evaluation of the company’s external
environment.
X
The paper includes an assessment of the company’s general
environment.
X
The paper includes an evaluation of the organization’s industry
operating environment.
X
The paper is 1,050- to 1,400 words in length.
X

Total Available
Total Earned
85
65/85
Writing Guidelines
Met
Partially Met
Not Met
Comments:
The paper—including tables and graphs, headings, title page,
citations, and reference page—are consistent with APA
formatting guidelines and meets course-level requirements.
X
The paper includes properly cited intellectual property using
APA style in-text citations and a reference slide or page.
X
The paper includes major points that are stated clearly,
organized logically, and supported by specific details,
examples, or analysis.

X
The paper includes sentences that are complete, clear, and
concise.
X
The paper follows proper rules of grammar and usage including
spelling and punctuation.
X
Total Available
Total Earned
35
35/35
Assignment Total
#
120
100/120
Additional comments:
How did you go from Microsoft to Voxx International? You are
supposed to keep the same business organization throughout the
course.

You discussed good concepts, provided good information, and
made a good effort in presenting the history and background of
the company, as well as some trends and forces.
Setting the concepts:
A competitive analysis should include the examination of
competitors by making a comparative competitive strategic
matrix, evaluating strengths and weaknesses against your
business. There are other analytical tools such as Balance Score
Card, Value Chain Analysis, PEST.
Therefore, to do a competitor analysis compiling all the
information found into a report that summarizes where an
advantage over each competitor is found, is an essential task,
and this should lead to identifying opportunities for
improvement. knowing more about your competitors requires a
lot of research and observation. Once all the data is assembled,
an action plan is in order.
The external environment includes some necessary sections and
some connectivity to the subject organization. It would benefit
the analysis to expand into and throughout the spectrum and
different levels of the external environment, and to be more
conclusive and more specific. Breaking down the environment
analysis into Remote, Industry and Operating environments is
also a desirable approach, this would allow to more
conclusively linking to the external environment presented on
the subject organization, clearly indicating trends, and how the
strategic objective align with these trends.
External Environmental Scan-Voxx International Corporation
Dennis E. Gamarra
STR/581: Strategic Planning & Implementation

Instructor: Alfonso L. Rodriguez
March 23, 2020
External Environmental Scan-Voxx International Corporation
Introduction
Environmental scanning is the continuous tracking of events and
trends in the external and internal environme nt of an
organization. It works to assist the organization determine its
future path via shaping its strategies (Moutinho & Chien, 2008).
Voxx International Corporation is the chosen as its familiar for
a long time. It an American company dealing with consumer
electronics. Its headquarters are in Orlando, Florida. It also
deals with after-market automotive electronics as well as
originally manufactured electronics.
Achieving Competitive Advantage Using the Environmental
Scanning Strategy
Competitive advantage is the niche that makes a business more
privileged than similar businesses in the market (Barney, 2011).
Voxx International can use environmental scanning to achieve
competitive advantage in a number of ways. The first one is
through developing its objectives. With objectives aligned. As
such, the company will be able to meet the demands of the
marketplace thus getting a competitive edge owing to ability to
address the market needs. The second way is through addressing

company threats. Environmental scanning can assist a company
to realize areas threatening its success. By addressing the
threats, Voxx International will have a competitive advantage as
it has overcame the threats thus being at the forefront in the
market. For example, there was US-China trade disputes in 2019
which threatened relations which could in turn affect exports
from China (“A quick guide”, 2020). Bearing in mind that Voxx
International was getting supplies from China, environmental
scanning would assist in determining which other area to source
supplies from to avoid commercial effect of the dispute.
Evaluation of External Environment
The external environments to be discussed include the
customers, Organization, competitors and suppliers (Fernando,
2011). The market/customers are an important part of the
corporation. Customer attraction and retention is paramount at
Voxx International. It has established consumer brands which
sell under their own name such as Klipsich, Audiovox among
others (Voxx International Corporation, 2020). The customer
base can be enhanced by banking on social media including
Facebook, Twitter, and YouTube among others. That happens as
a substantial number of electronic consumers look up to social
media to find products. By sharing their products and product
information, it’s quite possible to enhance their consumer base.
As far as organization is concerned, it’s a public company thus
has shareholders. It headed by 3 executives including the
chairman, president and managing director. There are also three
board members. The organization has a total of 885 employees
(Voxx International Corporation, 2020). The management and
employees are a substantial part of the organization as they
provide human resource. The shareholders double as source of
investment for the business. The Suppliers are a vital part and
Voxx International works with suppliers from different
continents such as South America, Asia and Europe. It has
buying and inspection offices in order to enhance supplier
coordination such as in China. It further offers long-term
contracts as well as short-term orders for purchase. It thus has a

huge pool of suppliers. Voxx International faces competition
from a number of competitors including Cobra, Emerson,
Delorme and Maponics. It further faces competition from
automotive factory supplies including from General motors,
Ford, Volkswagen among others. It however is still able to
maintain its competitiveness with a 1.24% net margin of
improved profitability in comparison to competitors (Voxx
International Corporation, 2020).
Voxx International General Environment
The general environment comprises of political, economic,
social, Technological, environmental and legal factors (Wallis,
2015). Politically, Voxx International is operating in over a
dozen nations. These include Germany, Mexico, and Malaysia
etc. It’s thus possible to be exposed to various political
environments such as pricing regulations, wage legislations,
employee benefits etc. For example, Mexico instituted a Federal
Organic Law introducing the Federal Center for Conciliation
and Labor Registry (Law) which will be handling labor disputes
(Alvarez, 2020). Bearing in mind that Voxx International
Operates in Mexico, such changes are imperative to pay
attention. Economic factors determine the aggregate demand
and investment.
Voxx International needs to take consideration the inflation,
economic cycle and foreign exchange. All these factor in
consumer spending power which can in turn affect its revenue
(Wallis, 2015). On the social aspect, shared beliefs and attitudes
play a role in marketing and Voxx International is not different.
Factors such as demographics and skill levels, culture (gender
roles), attitudes (health consciousness) and leisure interests are
important. Technological aspect calls for attention to changes
and disruptions in the industry. The ability to cope on the
technology is essential. For example, the most electronics are
being controlled through smartphones. The aspect of Voxx
International coming up with Apps shows its adaptability to
technological changes. There is an also environmental factor
which calls for attention to environment needs. Adhering to

environmental standards is important. Voxx International needs
to pay attention to attitude to moving towards ecological
products, waste management and supporting renewable energies.
Legal factors impacting on Voxx International include laws on
employment, health and safety, consumer protection among
others. Voxx Leadership thus needs to pay attention to such
laws as they affect the organization activities. A good attempt at
this is investment in solar energy in their Long Island facility
(Voxx International Corporation, 2020).
Operating Industry’s environment
To determine the environment, a quick look at porter’s 5 forces
model will help (Magretta, 2011). The first force is threat by
new entrants who might take the market share. It’s thus
important for the company to invest in innovation to be ahead of
the threat. The second force is threat of substitutes especially
from competition. This can be handled by persuasive
advertising to make customers know how its products are
superior. Rivalry among competition is another force. It has
already been established that there is high competition in the
market for Voxx International. It thus needs to develop long-
term relations with customers to tackle the rivalry. It’s also a
good idea to invest in research and development in order to be
always the first to learn new unexploited customer segments.
Bargaining power of suppliers is another force. When its
suppliers have high power owing factors such as limited supply
and cost of switching to other suppliers is high. Voxx
International can work on that by increasing the pool of supply
and developing long-term relationship with its suppliers.
Bargaining power of buyers is the fifth force. Customers can
exert power on Voxx International to get quality products at
affordable prices. It’s therefore important to diversify the
customer base, introducing new products and targeting new
market segments to neutralize the bargaining power. An
example is bearing in mind that it has over head series
monitors; it can work to ensure that the monitors are capable of
handling 5G speed capability.

Conclusion
In summary, Voxx International can benefit a huge deal from
environmental analysis. It can do environmental scanning to
identify threats and opportunities which upon investing, it will
lead to success. The analysis of the external environment
reveals the areas of that might change to affect the business
positively.
References
A quick guide to the US-China trade war. (2020, January 16).
Retrieved from https://aus.libguides.com/apa/apa-no-author-date
Alvarez, R. (2020, January 17). Mexico Promulgates the
Organic Law of the Federal Center for Conciliation and Labor
Registration. The National Law Review. Retrieved from
https://www.natlawreview.com/article/mexico-promulgates-
organic-law-federal-center-conciliation-and-labor-registration

Barney, J. et al. (2011). Strategic Management and Competitive
Advantage Concepts. NJ: Prentice Hall.
Fernando, A. (2011). Business Environment. NY: Pearson.
Magretta, J. (2011). Understanding Michael Porter: The
Essential Guide to Competition and Strategy. Massachusetts:
Harvard Business Review Press.
Moutinho, L. & Chien, C. (2008). Environmental scanning. In
Problems in marketing: Applying key concepts and techniques
(pp. 1-34). London: Sage.
Voxx International Corporation. (2020). 2019 Annual Report.
Retrieved from https://investors.voxxintl.com/financial -
information/annual-reports
Wallis, G. (2015). Pestle Analysis Jump Start. Scotts Valley,
California: CreateSpace Independent Publishing Platform.
Final Strategic Plan Grading Guide
STR/581 Version 12
2
Individual Assignment: Final Strategic Plan
Purpose of Assignment
The Strategic Plan is composed of four parts that the student
worked on during this course. This provides students the
opportunity to research and create strategies for a company
based on real scenarios and bring together all the concepts they
learned throughout the course and MBA program. The objective
is to create and sell the strategic plan to investors or the Board
of Directors.
Resources Required
Strategic Plan, Parts 1-4
Grading Guide

Content
Met
Partially Met
Not Met
Comments:
The final project includes all the elements of the previous parts
of the strategic plan assignments.
The final project includes a table of contents.
The final project includes an executive summary (350-700
words).
The final project includes company background.
The final project includes a mission statement.
The final project includes a vision statement.

The final project includes a value statement.
The final project includes an environmental scan.
The final project includes an internal and external
environmental analysis.
The final project includes a strategic recommendation.
The final project includes an implementation plan.
The final project includes organizational change management
strategies.
The final project includes a risk management plan.

The final project includes a conclusion.
The final project includes references.
The presentation includes all elements of Parts 1-4 of the
strategic plan.
The presentation is 10-15 slides with speakers’ notes and
includes appropriate images and graphics.
Total Available
Total Earned
105

#/105
Presentation Guidelines
Met
Partially Met
Not Met
Comments:
Organization
The tone is appropriate to the content and assignment.
The introduction provides a sufficient background on the topic
and previews major points.
Major points are stated clearly; are supported by specific
details, examples, or analysis; and are organized logically.
Paragraph transitions are present, logical, and maintain the flow
throughout the paper.

The conclusion is logical, flows from the body of the paper, and
reviews the major points.
Mechanics
The presentation is laid out with effective use of headings, font
styles, font sizes, and white space.
Intellectual property is recognized with in-text citations and a
reference slide.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and
punctuation.

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