Question

Today, you are meeting with your team of four students, Shawna, and Alfonso Alvarez, the Store Manager for your local Goodwill store. You want to do some planning for the upcoming year. First on the agenda, the group agrees to create a strategic goal for the organization.

Answer 1

Answer with Explanation:

When it comes to planning, particularly, for a retail store such as the "Goodwill store" in the situation above, it is important to consider some steps. These steps will enlighten the members, especially the Store Manager on the comparative advantage of what they are selling.

Once the goal of the group has been set, they should consider doing an audit of the situation. This will allow the group to have some options which they can consider. This will enable them to set-up the merchandises that they will be selling and also know about pricing strategies. Next is to identify the strategic opportunities and the alternatives. The opportunities are events which will give the store an advantage in the future. They should also analyze their financial options (alternatives). This will give the store direction and a greater chance of achieving the goals.

Once the resources are well-allocated, the strategies may now be implemented.