30 Jun Office Depot Inc Strategic Plan
Question Description
Individual Assignment #1 – (Office Depot, Inc. – 2011, pg. 496)
Attached is both rubric as well as page 496 for the office depot.
Assignment Details:
Prepare answers to the following:
Provide an executive summary
What is the company’s major problem? (i.e., What decisions must be
made? What choices must be faced? Who has endured this problem before?
How did they handle it? How much did it cost them? How long did it
take them to implement the plan?)
What is the company’s current overall objective(s)?
What are the current strategies to help the organization achieve its
current objective(s)?
Using the company’s mission statement, identify which components were utilized
Create your “improved” mission statement utilizing all components and
identify each component in your “improved” mission statement
How attractive is the industry (e.g., size, growth rate,
profitability, competitive intensity, Porter’s 5 forces) to companies
currently in the industry? And to companies who would like to enter
the industry? (FYI. When you finish answering this question, you
should know: 1) if you are considering entering in this industry, do
you want to enter in to this industry or 2) if you are currently in
this industry, do you want to stay in this industry.)
Conduct a Situation/SWOT Analysis (internal and industry analyses)
Conduct an industry analysis (external audit)
What are the company’s external opportunities and threats?
Develop an External Factor Evaluation (EFE) Matrix, explain what the
company needs to improve on externally, and justify why it needs to be
improved
Identify the company’s major competitors, develop a Competitive
Profile Matrix (CPM), explain what the company needs to improve on
competitively, and justify why it needs to be improved
Conduct internal analysis
What are the company’s internal strengths and weaknesses?
How would you describe the company’s financial condition
Prepare a financial analysis by developing and explaining each of the
four different analyses separately (ratio analysis, vertical/marginal
analysis, horizontal analysis, and percentage change analysis)
After analyzing each analysis separately, explain what is the
company’s financial position when considering all four analyses
together
Develop an Internal Factor Evaluation (IFE) Matrix, explain what the
company needs to improve on internally, and justify why it needs to be
improved
Given the IFE, EFE, and CPM, is the company stronger internally,
externally, competitively, or some/all?
Develop three of the five matrices for the company: SWOT Matrix, SPACE
Matrix, IE Matrix, and Grand Strategy Matrix. Highlighting each of
your strategies listed
Utilizing the strategies developed from your matrices, develop a QSPM
AND explain your recommendations/findings for the company’s problem.
Then, provide justifications of your recommendation [In your
explanation, please demonstrate how this/those strategy(ies) will
rectify the major problem that you identified, explain why should they
use that/those strategy(ies), What is your contingency plan if your
strategy doesn’t work?, How much will the strategy(ies) cost(s) to
implement?, How long will it take to implement?, What resources do you
need to enforce this strategy(ies)?, Who will you need to be a part of
your team to assist with carrying out the strategy(ies)?
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