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This research examines the methodology of conducting a performance analysis and subsequent suggestions for strategic analysis. The subject of this research is a fictitious K-Mart store. This research is based, in part, on actual situations faced by K-Mart and its subsequent bankruptcy. A plan of intervention, implementation of that plan, and possible resolution of the current crises of the fictitious K-Mart are also offered. An historical analysis of the past four years of performance data is used to gain insight into possible strategic solutions to the company's problems.
From the Paper:"K-mart is one of the largest retailers in the nation with over 600 stores nationwide. The financial success of K-Mart not only has an impact on the corporation itself, but K-mart is an embedded icon in many local economies, both as an employer and as tax revenue. In Nashville, alone, the K-Mart corporation plans to close four stores in 2003 (Nashville Business Journal, 2002). This is expected to have a negative effect on the local Nashville economy. This same scenario is being played out in many cities across the United States. Because of this effect on many local economies K-mart has been under tremendous pressure to re-evaluate their strategies and to develop plans that are effective and than will quickly place them in a positive strategic position."
Cite this Analytical Essay:
K-Mart (2004, January 26) Retrieved July 27, 2021, from https://www.academon.com/analytical-essay/k-mart-46897/
"K-Mart" 26 January 2004. Web. 27 July. 2021. <https://www.academon.com/analytical-essay/k-mart-46897/>