Strategically, what are the opportunities that a well-trained and experienced strategic thinker can gain from these closures
This is just a discussion. No need to format it or double space. Just answer the questions. Also provide a reply to a students post that I will send you.
Read the article attached.
Many chain stores are closing. The Sports Authority has stopped its retail activities. Recently, J.C. Penney’s announced the closing of its last three stores. It is clear that Sears is also in a downward spiral that is likely to result in the demise of a long-time U.S. retail giant. In the article “As chain stores close, pain and opportunity,” author Joyce Rosenberg suggests that this phenomenon provides both strategic “pain and opportunity.”
Post a clear and logical response in 150 to 200 words to the following, providing specific examples to support your answers.
- Strategically, what are the opportunities that a well-trained and experienced strategic thinker can gain from these closures
- As a business leader, what might you do to realize the “opportunity” suggested by Rosenberg?
- What potential pitfalls might you want to guard against? Is location of these closing retail giants a factor?
Answer preview for Strategically, what are the opportunities that a well-trained and experienced strategic thinker can gain from these closures
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