In a paper, identify several companies that have demonstrated strategic thinking about issues that are similar to those faced by your selected organization. Provide an overview of the issues, identify a total of five different strategies utilized by those companies to address them, and discuss the outcomes. Based on the five strategies, explain how you would adopt them in your selected organization of RadioShack to address the issues you identified.© BrainMass Inc. brainmass.com October 24, 2018, 11:33 pm ad1c9bdddf
The response address the queries posted in 1535 words with references.
//To demonstrate the process of strategic thinking, the organization that is given is RadioShack. For relative study, I have selected other companies as well; namely Best Buy, Circuit City and Fry's Electronics. Before starting with any discussion regarding the strategic thinking and its relevance at RadioShack, I have given a short introduction about the company.//
RadioShack Corporation is one of the growing consumer electronics retail chains and mail order business in the United States. It was established by two brothers Milton and Theodore in 1921. RadioShack provides a broad range of electronic equipments and components to its customers. A variety of products is available in its stores, which includes computers, DVD players, electronic toys, radios, etc. The company is serving best quality products comprising of new and dependable technologies for the fulfillment of the requirements of the customers in an effective manner. It also provides online services to the customers. The company focuses on the principle of innovative technology, which assists it in expanding its business in other nations and adopting the culture of the nations (RadioShack, 2008).
//After giving a brief introduction of the company, I have talked about the issues arising in the company. I have covered most of the issues, however, if you feel you can add some more.//
The effective cost structure assists the organization in increasing its productivity. The issues that are emerging in RadioShack are related to inventory, profitability, size of its stores at some places, poor performance in the wireless equipments sales, its strategy regarding the changes to be made in the packaging and logo of the products, increasing overhead expenses, technological issue, etc. (RadioShack Corporation, 2008).
//After discussing the issues at RadioShack, I have done a comparative analysis of the company with the other companies that are facing similar issues. I have also talked about the use of the strategic thinking and analysis at these organizations in the management of these issues. //
The companies that are considered for studying their critical issues similar to RadioShack are Best Buy, Circuit City and Fry's Electronics. All the above mentioned companies are operating in the field of retail chain stores of electronic gadgets and equipments to the customers. All the companies have their own retail stores for serving the customers. The companies are offering various portable electronic equipments, which permit the customers to receive pleasure from music, ...
The response addresses the queries posted in 1200 Words, APA References
Benchmarking for Lawrence Sports: Home Depot and Radioshack
The simulaion is attached
The two companies are Home Depot and RadioShack in the first step.
Lawrence Sports Generic Benchmarking
After reviewing the Lawrence Sports simulation, you will identify several issues that directly connect to the concepts in the mind maps for weeks 1 through 3. In addition to reading the assigned text materials to develop knowledge about the concepts, a thorough master's-level education requires the development of effective research skills. In this assignment, you will work collaboratively to create a rich source from which you will individually develop alternative solutions for Lawrence Sports.
Individually, identify and research two companies that have faced specific issues related to those you identified in the scenario and connected with the course concepts. For each company selected, discuss the following in a 350-word synopsis: (A) issue identified in the scenario that is also facing the company, (B) how the company responded to the issue, and (C) outcomes of the company's response to the issue. Thus, each team member should have two 350-word synopses, one for each company, which provides the information identified. To avoid duplication of efforts, each team member should identify, to the team, the companies he or she will be researching before doing this part of the assignment.
As a team, based upon the information gathered from the individual work done in Step 1, prepare a 1,050-word to 1,400-word analysis that synthesizes the key findings. As a team, using the companies researched: (A) identify the key course concepts and (B) compare and contrast the practices of each company related to those concepts. Appropriately cite all references used.
The team will submit a final composition which consists of a title page, the team's overall analysis, the individual company synopses (with the preparer of each synopsis identified), and an appropriate reference page. As a guideline, a team of five will submit roughly 13-14 pages of material as well as a title page and reference page.
Format the paper according to APA style.