Start-up Idea – Online/in-Person State of the Ark Educational Portal Name Professor Course Date Start-up Idea – Online/in-Person State of the Ark Educational Portal The need for outstanding academic performance is on the rife among parents. Their concern is nothing less than quality educations for their children in the extremely early stages of life…
This is envisaged in helping in molding and nurturing the kids to globally relevant and competitive individuals which is the key objectives of the initiative. The aspect of kids-parents-teachers engagement has been cited as lacking in other modes and probably this is contributing in the production of the partially competent persons in the long run. The initiative is up to filling this gap in the provision of knowledge to the kids. It is expected that such initiatives comes with a number of challenges; thus, the need to do thorough external analysis as well as the internal. This will work in positioning the initiative at a better place to develop close to an ideal situation that will enable the realization of the initiative’s objective. As for the external analysis, the performance of other firms that provide more or les similar services will be used to envisage the challenges likely to be faced and the possible ways of dealing with them on time. For the internal analysis, SWOT analysis will be used to give indications of the strengths and weaknesses of the initiative and this will as well serve all relevant role of cushioning the firm from sporadic misfortune (Hitt, Ireland, & Hoskisson, 2011). External environmental factor External environment consist of those external factors, forces and institutions that are beyond the power of individual and influence the running of the organization. These factors affect the performance of the organization system because they are beyond the organization unit, and operate around them. Thus, the initiative will face external environmental factors like competitors, government laws, political issues, socio-cultural institutions and international organization (Pushparaj, 2010). Some of these factors will affect the education program directly and others indirectly depending on the rate of expansion of the program in various regions. However, the external environmental factors can be controlled and influenced by the management of the organization by employing effective strategies to control the factors. In order to provide the services effectively to the children, the organization should analyze the economic factors because it involves the economic system of the organization. The success of the organization will depend on the ability to anticipate the future of the program in the current market conditions. Lack of the kids-parents-teachers engagement is a driving force of the program, and the ability of the program to close this gap shows the future of the program in the market. Meanwhile, the organization should employ suitable strategies that will minimize the cost of the program and maximize the gains because the objective of the organization is to be profitable and productive. Similarly, the external environmental factor involves the social environment surrounding the organization because it affects the functioning of the program. The factors such as cultural background of the kids, cost structure, scientific techniques and the wealth and income distribution are the sociological factors that will influence the organization (Pushparaj, 2010). The social environment will determine the work culture and mobility of labor in the organization. For instance, quality of the online education to be offered to kids will depend on the willingness of the parents and their customs and attitudes will ...
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