Contrasting Strategy Success with Strategy Failure
For this discussion try your hand at gambling in the currency exchange market. Take an imaginary $10,000 and “purchase” some foreign currency at today’s exchange rate, then convert back your foreign currency to dollars in a few days and calculate your loss or gain. Those of you who are high rollers can “put all your eggs in one basket” and buy just one foreign currency with your $10,000. Those cautious types can choose to diversify and purchase multiple currencies.
Many webpages have foreign exchange rates and exchange rate calculators. Two of them are xe.com and x-rates.com. If you really want to get fancy, register at forex.com and get the site’s free currency trading software.
Let your classmates know about your experiences, and share the details of your calculations. Give an initial update of how much money you have made or lost in the first week, and post at least one additional update by the end of the module.
Also, make sure to address the following questions regarding your experience with currency trading:
How does it compare to other types of gambling you’ve done?
Would you ever invest in currencies using your own money after reviewing the material in this module and doing some pretend gambling in foreign currencies?
MGT499
Recently, Sears Holdings (consisting of Sears and Kmart stores) and Macy’s announced the combined closing of over 200 stores and the layoff of approximately 10,000 workers nationwide.
Do some research either on Sears Holdings or on Macy’s. Be sure that you visit IBISWorld, and that you do some research on the Department Store industry. Then, answer the following:
Describe the specific strategies that you believe Sears Holdings or Macy’s have followed in the past 2-3 years.
Next, discuss why the strategies of these companies appear to be failing (why are both companies now needing to close so many stores?). Are the strategies of the company you selected flawed? If so, why? If not, what else is the cause of the multiple store closures on the part of both companies?
WEEK 2
Constrasting Strategy Success with Strategy Failure
In contrast to Sears and Macy’s, Target department stores appear to be thriving. Has Target pursued a more appropriate (or correct) strategy than Sears or Macy’s? If yes, what do you believe is the difference between their strategies (why has Target been relatively more successful)? If no, what then, is behind Target’s success? Be specific.
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