Assignment:
Strategic Options
To survive, let alone prosper, a company has to respond to problems and/or issues it faces. Outline specific strategic response options for the company. Produce 2 or 3 strategic response options for the company. Number each strategic option. Remember, stay focused on the problem, issue or opportunity. ( The problem is Dicks is in a very competitive space, they are a specialty sports store that is competing with places the VS, Walmart and Amazon they need product differentiation or something to stand out) Look at how other firms, within the company's industry, have responded to those same or similar problems or issues and the outcomes. Examine recommendations made by analysts (who usually write blogs) or publish in Forbes, BusinessWeek, Bloomberg's, etc. Use these let-margin headings:
Strategic Option 1
Strategic Option 2
Strategic Option 3
Criteria to Evaluate Each Strategic Option
Using information from your prior classes and your own research, craft some criteria that a strategic option must meet in order to increase its likelihood of being successful in solving the problem or resolving the issue or capitalizing upon an opportunity facing the company. Identify those criteria very clearly. Use at least three (3). Use these left-margin headings:
Strategic Option Evaluation Criteria 1
Strategic Option Evaluation Criteria 2
Strategic Option Evaluation Criteria 3
First, state the criterion; next, explain it, including your rationale for formulating or selecting it. Cite relevant references. You will find an example at https://www.lostlagoon.info/Planning/18.pdf Focus on page 199 -200.