Cuyamaca College Accounting Question – Description
also i attached files for information about Nordstrom https://press.nordstrom.com/sec-filings/sec-filing…
also you can do some search and use outside resources but make sure to site the
Table of Contents
4 Sections
1. 3 Current Issues
2. 3 Current Strategies
3. New Strategy Recommendation to Solve each Issue addressed In #1
4. How does the company satisfy the definition of “ Strategy” according to
Michael Porter
1. 3 CURRENT Company issues from an
analysis of the internal and external
environment
Issues are threats, risks, or unexploited opportunities.
It may be evident and explicitly stated in the companies 10K Item # 1A ( Risk Factors)
and Item # 7 ( Management Discussion and Analysis) in the 10K as well an analysis of the
external and internal environment. ( the Pandemic is not an Issue).
Example of issues/risks/opportunities
A consumer company might discuss ways in which it seeks to meet changing tastes.
A manufacturing company that relies on natural resources may discuss how it assesses commodity risks
and conducts resource management programs.
A financial institution may discuss ways that management monitors liquidity and assures adequate
capital under various scenarios, such as a rise in interest rates or a ratings downgrade.
A global company may discuss how it handles exchange rate risks.
Companies may discuss how they handle competition, build their brands, or manage in an economic
downturn.
• Companies also may discuss how they ensure compliance with laws and regulations, or how they are
addressing the impact of new or anticipated laws and regulations.
Company’s CURRENT STRATEGY
2 a. What are the gaps in the VRIN to strengthen their competitive position
regarding their resources and capabilities.
b. Describe (not just list) the firm’s current
(1) generic business-level strategy, (Chapter 5)
(2) corporate level strategy ( Chapter 6) and
(3) foreign expansion strategies in (Chapter 7). For example, if it is has a
focus low-cost strategy, describe what characteristics of this strategy from the
text it satisfies to justify this strategy.
NEW STRATEGIC RECOMMENDATIONS
3. a. What are the recommendations that the company has put forth to solve the issues or
capitalize on the opportunities.
b. Do you agree with the company’s recommendations
c. What additional recommendations would you suggest that are different?
d Does the company need to add any new resources or capabilities to solve the issues or
capitalize on the opportunities.
Question 4
• 1 page single spaced 12 Times Roman 1″ margins
• Definition of Strategy by Michael Porter
• “STRATEGY IS A COORDINATED SET OF ACTIVITIES ( ACTIONS) THAT
MANAGERS TAKE IN ORDER TO OUTPERFORM COMPETITION AND ACHIEVE
SUPERIOR PROFITABILITY THAT IS SUSTAINABLE. BY PERFORMING DIFFERENT
ACTIVITIES FROM RIVALS’ OR PERFORMING SIMILAR ACTIVITIES IN DIFFERENT
WAYS”.
• Question: Apply as many of the ten strategic elements ( separate slide) from your
company’s strategy and discuss if they satisfied the above definition
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