business policy project paper 7 pages

business policy project paper 7 pages

1. Determine which student is responsible for the different parts of the project. Keep in mind that all students should do more than just the introduction, history, and products/services. Ensure each person has an important strategic part of the paper. Please list each student and each person’s sections they are responsible for on the paper.

Richardson, Giontay – 7 Pages

Rowe, Gavin – 7 Pages

Rush, Keenen – 7 Pages

Sailors, Michael – 7 Pages

Scott, Jamese – 7 Pages

Written Audit Analysis

• Give a brief overview and explain the type of industry the company is in

• Identify the firm’s existing vision, mission, overall objective, and strategies.

• Evaluate the mission statements for the organization and its competitors according to the nine

mission statement components and develop an “improved” mission statement for the organization.

• Discuss any ethical issues that the company had dealt with in the past or is dealing with currently. Did anything adverse come from it and what can they do to make amends?

• Identify the organization’s external opportunities and threats.

• Construct a Competitive Profile Matrix (CPM). Include at least eight

factors and two competitors.

• Construct and explain the External Factor Evaluation (EFE) Matrix.

• Identify the organization’s internal strengths and weaknesses. Construct and explain the Internal Factor Evaluation (IFE) Matrix.

• Describe the financial condition. Develop and explain the financial analysis by utilizing the ratio,

vertical (common size statement), and horizontal (trend) analyses.

• Prepare tables/charts and explain each factor of the following: Strengths-Weaknesses-Opportunities-

Threats (SWOT) Matrix, SPACE Matrix, IE Matrix, and Grand Strategy Matrix

• Utilizing the strategies developed from your matrices, construct a Quantitative Strategic Planning Matrix (QSPM) (Most important analysis). Be specific in terms strategies. You should have at least three

strategies including one that states, “keep current strategy”

• Present your recommendations for the company and include justification for these

recommendations. Compare and contrast your recommendations to actual strategies planned by

the company.

• Conclusion

1. Determine the stock symbol for the company, state how the company’s stock price has moved over the last five years. I recommend Google Finance or Yahoo Finance.

Stock price : TJX (NYSE) $63.38 +0.02 (+0.03%)

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1. Go and locate the company’s 2018 10-K/annual report, check if the 2019 10-K/annual report which is usually released early in the year. Read the executive summary and/or the summary and list five important facts about the company. You are free to go further in the 10-K to find more information. This 10-K document will be your best friend on this project.

A. TJX stores known for value brands, fashion, price and quality.

B. TJX goal is to create a sense of excitement and urgency for our customers and encourage frequent customer visits.

C. Reaches a broad range of customers across income levels with our value proposition.

D. Products: Clothing, Footwear, bedding, food, furniture, jewelry, beauty products, housewares

E. We have over 4,300 stores that offer a rapidly changing assortment of quality, fashionable, brand name and designer merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty, and major online retailers) regular prices on comparable merchandise, every day.

1. Just based on the limited information you were able to read in the 10-K, stock prices, and other articles online, discuss what you believe is the overall direction of this company. Briefly tell me why you think that is the case.

The TJX Companies want to control over the market for off-price apparel and home fashion retail based in the United States and worldwide. TJX E-commerce businesses had another year of double-digit sales growth by appealing direct to customers need via technology. In the 53-week year, TJX reached $39 billion sales, 9% increase from last year. It’s clear the TJX wants to continue its success by apply different forms of advertising.

Due Feb 21, 2019