| Business QuestionIn Wk 2, you completed a SWOT analysis on a successful company that demonstrated a sustainable competitive advantage in the marketplace. Now, you will shift your focus to look at a company that is failing or experiencing challenges in the area of financial performance. Select and research a company that is having financial difficulties or is on the brink of bankruptcy. Review “Where Can I Find a Company’s Annual Report and Its SEC Filings?” from Investopedia. Conduct a strategic analysis of the company’s current financial operations. Determine strategies for achieving a sustainable competitive advantage in the marketplace and increasing financial performance. Write a 1,050- to 1,400-word analysis. When writing your analysis, complete the following: - Evaluate the company’s current financial plan, including charts and/or graphs showing financial data from the struggling company, and make recommendations for improvement.
- Determine strategies for achieving a sustainable competitive advantage in the marketplace and increasing financial performance.
- Create a plan to implement the strategies you selected
Requirements: 1,050- to 1,400-word analysis. WK2 assignment was Research and select a sample strategic plan in an industry with which you are familiar or interested. Be sure it includes the various components of a typical strategic plan. Reference Figure 1.1 “Identifying a Company’s Strategy—What to Look For” in Ch. 1 of your text. This is your opportunity to create your own company – be an entrepreneur!!!! Identify in 350 to 525 words what the plan does well, in addition to areas for improvement. Discuss whether the plan: - Clearly states where the organization is going and how it will get there
- Evaluates the organization’s external and internal environments
- Includes a people plan and addresses achievement of a diverse workforce
- Includes corporate social responsibility and environmental sustainability
and it was about food and beverage company Answer preview JCPenney was one of the largest retail companies in the United States. However, over the last few years, the company has gone through difficult times, largely due to the COVID-19 pandemic. The company was officially incorporated in 1913 with James Cash Penney and William Henry McManus as co-founders. Within the first four years, they were able to expand the company, considering by 1917 the company was operating one hundred and seventy-five, spread out across twenty-two states in the United States. Besides this, the company was able to grow further by acquiring another company referred to as The Crescent Corset Company in 1920. By 1924, JCPenney had five hundred stores in the United States, with its gross revenue hitting one hundred and ninety million, which currently would amount to approximately 2.86 billion (J.C. Penney, .n.d.). The company’s product line includes clothing wear, cosmetics, electronics, footwear, furniture, housewares, jewellery, and toys. Besides this, JCPenney also deals in Fine Jewellery departments, the Salon InStyle, and Sephora inside JCPenney (JCPenney, n.d.). (1376words)
| |
