Individual Assignment: Business Model and Strategic Plan, Part II: SWOTT Analysis PaperPurpose of AssignmentStudents gain experience conducting an internal and external environmental analysis (including the supply chain) for their proposed new division and its business model. Resources RequiredUniversity of Phoenix Material: Business Model and Strategic Planning OutlineUniversity Library: IBISWorld, Mergent Online, Hoover’s databasesStrategic Management, Ch. 7, 8, & 9Crafting and Executing Strategy, Ch. 5, 6, 7, & 8Grading GuideContent70 PercentMetPartially MetNot MetComments:Create a SWOTT table summarizing findings. The environmental analysis should consider, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in the table. External forces and trends considerations: Legal and regulatoryGlobalEconomicTechnologicalInnovationSocialEnvironmentalCompetitive analysis Internal forces and trends considerations:StrategyStructuresProcesses and systemsResourcesGoalsStrategic capabilitiesCultureTechnologiesInnovationsIntellectual propertyLeadershipDevelop a synopsis that analyzes relevant forces and trends from the above list. Analysis must include the following:Include economic and legal and regulatory forces and trends. Critique