Sears
The importance of strategic business decisions cannot be underestimated in today's fast-paced and competitive market. As economic times resemble recession like qualities, it is even more important that struggling companies find ways to stay competitive in these interesting and troublesome times. Sears Holdings Corporation resembles a troubled company that needs to make strong strategic maneuvers in order to survive and continue to be profitable within its many business interests. The purpose of this essay is to examine Sears holdings Corporatoin. In its current business environment. I will investigate the problems, examine this company's current strategic outlook, and offer recommendations that may help solve the many and troubling problems for this organization. Using the strategic background necessary to describe these qualities will also assist in contrasting between different choices that management often has to use in these types of situations.
According to Sears investor information, "2010 was another challenging year for Sears holdings. Our financial results remain at unacceptable levels, and we are working to drive better performance in both the short- and long-term."As these words originate from the chairman of the board, there is little dispute of the troublesome status of this particular company. Sears has many business interests, it is a retailer in the United States and Canada as it operates Kmart and Sears stores. They manufacture and sell general merchandise appliances, groceries as well as pharmacies. Kenmore and craftsman tools are some of their more famous and recognizable brands. Sears is a very old company originating in 1899, and currently has thousands of retail outlets that provide these products and services to consumers.
Jones (2011) reported that newly appointed CEO Lou D'Ambrosio "cited increased economic pressure on consumers and tough comparisons with last year when...
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