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Nordstrom Expansion

Decent Essays

Introduction In the previous Milestone One paper, the description of the proposed expansion project of Nordstrom, Inc. to China was discussed in detail. From the expansion itself, the shape of the project envisaged, the differentiation of the Nordstrom move from the many Western as well as Japanese and Korean retail giants who have preceded Nordstrom ( as people will definitely expect something different from Nordstrom), the competitive advantage which Nordstrom may gain from the project to the reasons behind the project as well as its appropriateness at that time, were discussed. The fit of the project in the organizational culture of Nordstrom as well its core competencies were also discussed thoroughly. Continuing in the same vein, this Milestone Two will concentrate on the risks and uncertainties of this expansion project, like any project, and will attempt to analyze all the risks that the proposed expansion project may face and what will the different scenarios be. Once an idea of the risks is obtained, then factors can be built in the expansion plans to counter high risks, or hedging can also be done if the risks are found to be high enough to justify the same.
IV. Risk: Analysis and discussions on the expansion project risk.
A) Risks: Internal …show more content…

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