1. What factors are driving industry changes for discount and variety retail stores such as Target and Wal-Mart?
2. What impact will they have on their strategic direction and strategy making?
3. What does this tell one about the finality of their vision, objectives, strategy, and approach to strategy execution?© BrainMass Inc. brainmass.com December 19, 2018, 11:07 pm ad1c9bdddf
(1) Social and economical factors. The main one is the way of thinking of the majority of customers that can be described as looking for sales and buying everything I need at one place without spending too much time. The society nowadays have got used to the sales so much that they postpone buying certain items ...
This solution answers three questions about Porter's Five Forces, addressing factors driving industry changes, strategic direction and strategy execution.