External and Internal Environments By Sarah Bruce Professor Ira Poladeen Business Capstone April 28‚ 2015 An organization’s environment includes factors that it can easily change as well as factors that it cannot easily change. The factors that it cannot easily change are said to be the general environment (Faye‚ T. 2011). It is this environment that I will discuss as it relates to a struggling‚ once thriving industry: office-supply stores. Office
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A. EXECUTIVE SUMMARY Purpose Statement: The objective of this case is to discover solutions on how to bring Kmart back on track again and how to solve its bankruptcy. Problem Statement: 1. Inadequate customer service 2. Poor competitive position 3. Too much turnover among top management 4. Inventory problems Alternative Courses of Action: 1. Reconstruction of strategy 2. Improve image and appearance 3. Improve customer service 4. Increase frequency of customer visits
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Internal Environment Resources Tangible: Established manufacturing facilities globally. Highly trained managers. R&D facilities. Intangible: Well known brand name associated with Industry Revolution and American Dream. Capabilities: Ability to manufacture sufficient number of cars to meet demands globally. Capable of providing innovative products with Safety and Convenience features. Core Competencies: Strong Engineering Capabilities. Competitive Advantage:
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Historical Background Kmart started off as a discount retailer successfully pioneering the same concept as that of F. W. Woolworth. As stores began to grow and diversify‚ Kmart stepped in and took the lead role in offering a one-stop shopping center that fulfilled everyone’s needs. As new niches began to emerge offering larger‚ more specialized stores‚ Kmart hit a major hurdle. The successful management strategies it had developed early on were now outdated and in major need of being renovated to
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P5. Homeostasis is the process by which a constant internal environment is maintained by our body. For instance‚ this means that in our body‚ temperature‚ blood sugar levels‚ etc must be kept within a narrow range even when we are in a freezing climate‚ or while doing vigorous exercise etc. All homeostatic control mechanisms have at least three interdependent components which are: The receptor responds to changes in the environment‚ for example‚ detects temperature change. Then‚ after the receptor
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External Environment Driving Forces Technology There is currently a variety of wireless networking capabilities that are emerging‚ developing‚ and integrating. The future of these technologies within the telecommunication industry will create better‚ higher-speed‚ and longer-distance capabilities. There are currently three providers for the digital wireless mobile phones service that create the networks via satellite. Global Service for Mobile Communications (GSM) has internationally appeal
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Abashidze Case #3: Kmart and Sears: still stuck in the middle? Kmart Company History Kmart had been established in 1962 by its parent company S.S. Kresge as a discount department store offering the most variety of goods at the lowest prices. Un- like Sears‚ the company chose not to locate in large shopping malls but to establish its discount stores in highly visible corner locations. During the 1960s‚ ’70s‚ and ’80s‚ Kmart prospered. Retail formats in operation Kmart – is a chain of discount
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Kmart and Sears: Still Stuck In The Middle? On January 22‚ 2002‚ Kmart Corporation became the largest retailer in U.S. history to seek bankruptcy protection. Kmart management said that they would outline a plan for repaying Kmart’s creditors‚ reducing its size‚ and restructuring its business so that it could leave court protection as a viable competitor in discount mass-marketretailing. Emerging from bankruptcy in May 2003‚ Kmart still lacked a business strategy to succeed in an extremely competitive
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1962 - With Harry B. Cunningham as president‚ the company opened the first Kmart discount department store in a suburb of Detroit.
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Kmart‚ Sears and ESL: How a Hedge Fund Became one of the World’s Largest Retailers 1. Describe recent trends in the hedge fund and private equity industry and the growing overlapbetween the two. A: Hedge funds‚ historically‚ were more interested in the buying and short selling of defaulted ornear-default bonds within a few weeks or months. This strategy was more of a short-term‚ exit-focused strategy. Now‚ however‚ some hedge funds are becoming more interested in therestructuring and long-term
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