What actions are available for the organization? b. What are the costs and benefits of action in both quantitative and qualitative terms 4. Potential Outcomes a. What will be the buyer, trade, and competitive response to each course of action?
Do you think Jim Sinegal has been an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter 2 in developing your answers. 4.
Explain how Porter’s five forces framework for industry analysis enables the attractiveness of an industry to be determined. Discuss the usefulness and limitations of the framework in helping managers formulate strategy. The principle question which will be explored throughout this analysis is how do Porter’s five forces framework determine the attractiveness of an industry. The limitations and usefulness of this approach will be examined and in order to investigate this issue there will be an explanation of what Porter’s five forces entail and how firms in the current dynamic market place can still benefit from this model. Additionally a closer inspection on the critique of his theory and a look at how his model can be complimentary to other strategic tools and as well as further developed in order for a firm to create a competitive strategy.
6 Identify and describe the Key Success Factors for the Industry. 7 Using a Strategic Group Map identify & discuss the major “players”, their strategies, and how the strategies differ. 8 Is the Industry attractive? Why and/or why not? 9 Conduct an in-depth financial analysis with regards to profitability, liquidity, and growth, and then provide an assessment of the overall health of the firm’s finances.