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2 pages —– Identify a minimum of three individual comapnies in the industry that our client(Target) competes in: (Target, Walmart, Macys). Base your selection primarily on each company’s relative strategic position based on their performance in the industry. Recall that each industry measures performance in a unique way so be sure to use apprpriate metrics that are critcalls important for our clients(Target) industry. In addition to their strategic position, based on their performance, identify how each firm has positioned or tried to position, themselves, in their industry(i.e. business level strategy for each). In addition to written analysis for each competing firm. Also, in brief, Explain where the teams would be place if they where in a strategic group map with 3 categories( x=average store size, y=total number of products offered, z= average transaction value )
1 pages —– Provide an assessment of what could go wrong an any potential fall-out associated with your strategic recommendation(s)(e.g., competitive response to your recommendation). Things selgom go as planned, so what so what potential issues do you see with your recommendation(s), and how do you plan on addressing those issues? As a strategy analyst, is to make the best recommendation uoi can for the clients company, describe the risks associated with your recommendaiton, and ensure that you have ways to mitigate the risks. LOOK BELOW FOR RECOMMENDED STRATEGY
USE THIS FOR THE RECOMMENDED STRATEGY
1.a Put an emphasis on using organic foods
1.b Switching to ego friendly packaging(Buying or producing compostable/reusable bags)
These should help reduce environmentqal impact, meet customer demand, and enchance the brand image.
2.a Improve our technology to use A.I.
2.b Install it into our supply chain and inventory tracking level.
These should help reduce stockout and overstock, improve responsiveness, and reduce cost.
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