Strategy Selection, Organization, and Development Analysis
Strategy Selection, Organization, and Development Analysis
Companies are ever-changing, and they implement and formulate the best strategies to improve their business activities and register profits. The managers must put more effort into ensuring the strategies are working and the time changes. The reports for parts of the CLC assignment massively influenced me, II, and III. The process of strategic management makes decisions that have long-term and massive consequences. The findings could lead to several penalties, especially if the decision is irreversible (David et al., 2020). The process of strategic evaluation is based on their specific activities. The first is by examining the cause of developing the strategy and its impacts on an organization. The other is comparing the expected with the actual results. The last is employing corrective efforts to ensure that the performance is as per the organization's plan. For these strategies to work, the organization must provide the marketing department is focused on achieving the organizational goals (David et al., 2020). Advertising is considered crucial for a company since it helps in creating popularity.
According to the CLC chart analysis, Macy's Inc. operates...
It is considered an American department store. The company sells several merchandise and primarily sells kids, women, and men's accessories (Macy's Inc., 2020). The organization's goals are to create a better shopping experience, and its main competitors are Walmart and...…and all the people involved know what is expected of them.Generally, innovation is an essential part of an organization. The organization's brand must be appealing to the customers. The appeal could be in the form of a better brand message to attract more customers. It could also be through brand repositioning to create a competitive advantage. Similarly, promotional activities are crucial. They include selling goods at a discount and offering the customers free delivery services to gain new ones and retain the existing customers (Appel et al., 2020). If a company heavily invests in its brand, it becomes more popular and registered more profits. It shows a positive relationship between the profit margins and advertisement activities done by an…
References
Appel, G., Grewal, L., Hadi, R., & Stephen, A. T. (2020). The future of social media in marketing. Journal of the Academy of Marketing Science, 48(1), 79–95. https://doi.org/10.1007/s11747-019-00695-1
David, F. R., David, F. R., & David, M. E. (2020). Strategic management concepts and cases: A competitive advantage approach (17th ed.). New York, NY: Pearson Education. ISBN 13: 9780135203699Macy's Inc. (2020). Form 10-K Macy's.com, Inc. Retrieved from: https://www.macysinc.com/investors/sec filings/all-sec-filings/content/0001564590-21 016119/0001564590-21-016119.pdf
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