Situation Analysis Of Mh Bookstore

The bookstore chain has been decreasing in profit in the US over the past 20 years. Most of the books retailers are shutting down their operations and only a few are still operating in the country. Barnes and Noble has become the largest bookseller in the book retailers industry. The firm has integrated its business philosophy into web presence though eBook marketplace. This business strategy assisted the firm to be able to reach a large scale customers and remain as a strongest competitor in the book retailing market.

A situational analysis is important as it provides a clear and precise understanding of the business’s current position and where it is heading. For example, prior to Aldi entering the Australian grocery market it conducted an analysis of its strengths, weaknesses, opportunities and threats (SWOT analysis) and saw an opportunity to expand its operations to Australia selling low cost grocery items. For a situational analysis to be reliable it must always be based on meaningful market research.

Strategic planning is a critical element of an organization’s annual business plan. A strategic plan consists of a number of components. In addition to analyzing a company’s strengths and weaknesses, a strategic plan also includes implementation and control techniques. While this may seem easy enough, implementing a strategic plan into an organization can be challenging. Barnes and Noble, like a number of corporations are seeking ways to improve productivity and profitability. This essay will identify business alternatives for the bookseller which will enable them to diversify their product offerings.

To understand our firm’s capabilities, business environment, and customers, we need to conduct a situational analysis. First, we perform a SWOT analysis so we can come up with a plan for current or future scenarios.

Three key challenges facing the Canadian book publishing industry are the concentration in retail market, the competition for multinationals, and the cost of adapting to new technologies and entering the export market. Policy source 14, Summative Evaluation of the Book Publishing Industry Development Industry Program discusses these challenges.

* Resources and capabilities serve as a source of competitive advantage for a firm over its rival.

On the other hand, Bookmaster needs to improve a few areas to reduce the dissatisfaction felt by its consumers. The first alteration that Bookmaster should investigate is how often the city bus blocks the driveway to the store. If the bus is blocking the driveway numerous times throughout the day the store could be losing customers because he/she was unable to park new the store. For example, if an elderly or disabled customer wants to shop and is unable to park close to the building, he/she may decide to continue on to the next book store or to make his/her book purchases online. In order to reduce or eliminate customer frustration or dissatisfaction, the owners of Bookmaster should contact the city bus manager. Bookmaster could suggest moving the bus stop by a couple feet to prevent the bus from blocking the stores entrance or to ask if the bus driver could be made aware that he/she is blocking the

Another key strength would be its staff. The company was able to draw from a talented and experienced pool of workers within the automotive industry. This was made possible due to the concentration of automotive suppliers located within the Rio Grande Valley both within the United States and Mexico. The company is able to draw from the employee’s vast experience allowing the company

Some of these strengths include great core values, their human and social capital, they carry a wide variety of products that have a strong brand name, and their expansion through global expansion and investment.

1-In order for Barnes and Nobles to use the Value Chain and Competitive Force Models they needed to be ingenious with their tactics. First, publishers are on B&N side and they are doing everything to make sure that B&N stay at float because they are basically their “bread and butter”. So B&N is securing supplier intimacy with the publishing companies which will lead to strengthening its loyalty relationship with its customer in the store and digitally. Second they are securing their niche in the market, they are doing this by having the stores advertise and communicate to their customer that a there is a specific book that “is a big deal” and B&N is offering an extensive inventory of physical books and it enhance its core competency. Microsoft announced in 2012 that they would be investing $300 million in B&N Nook tablet, e-reader business and its college division. This will enable them to included Windows 8 operating system in Nooks application; this is a space where it will have a product differentiate.

These are the strengths within your organisation. What exactly is it about you and your business that is better than the competition? Examples might include quality products, advanced technology, advanced knowledge and a long established business. Identifying the strengths of your current business or a new venture can improve the efficiency of your sales and marketing efforts – it helps you to visualise the unique selling point of your business which helps you write better sales copy, create better sales letters, make more successful sales calls and develop smarter marketing campaigns.

A company’s strengths are found within their own company and members. Depending on how well and to what extent a company uses its resources determines just what its strengths are. These strengths may be what they do better than other companies, what they do different from other

A firm’s competitive strength considers how it prices, costs and capabilities compare against their major competitors. The Walt Disney Company faces a number of competitors across its various business units.

The strengths of a company are the qualities that enable them to accomplish their mission. According to walmartstores.com Wal-mart strives to help people save money so that they can live better. Wal-Mart is known as a powerful

1) Barney, J., (1991). Firm Resources and Sustained Competitive Advantage, Journal of Management, vol. 17 (1991), no. 1, pp. 99–120.