Sunday, May 12, 2019

Strategic audit Case Study Example | Topics and Well Written Essays - 1750 words

Strategic audit - brass Study ExampleThe primary objective of the company had been to make a holistic improvement and compound everybody in this innovative drive.The company nurtured a corporate objective to occupy the leadership position in the home improvement retail global food market. The business strategy aimed to diversify the business and to open untested investment companys whereas the functional strategy attempted to provide better service. However the management failed to strive the objective indoors the allotted timeframe.In 2006, the company framed a new strategy that was comprised of 3Es enhancing the core by improving the quality of products and services offered, expanding the business by entering different business operations and expanding the market by opening new stores in US as well as in the planetary market. None of these strategies were consistent with the mission, strategy and objective that were adopted by the company. This led to the non alignment of t he internal as well as external environment.The company then adopted a policy that would improve store productivity, increase acquisitions and mergers, diversify the product and services offered to the clients, and open new stores. In reality, the company failed to implement its policies in all the occasions because they were not aligned with the mission, strategy and objectives.At present, the company has planned its mission, objectives, strategy and policies to achieve higher growth in the services provided by it. However the direct-to-consumer section contributes very little in the revenue portfolio of sales. The current policy is to open stores in 1500 locations. But the market in US is already saturated and the company managed to open only a few stores in the last 5 years.As on May 25, 2006, the company had 11 people in the board out of which 9 were independent. consequently majority of the board members were from external sources (as they belonged

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.