In 2015,Target Canada filed for bankruptcy. Its parent corporation,the US-based Target Corporation,identified the need for strategic change in its Canadian operations. What is the next step Target Corporation should take in this strategy-making process?

Question

Quizplus · Accepted Answer

Since Target Corporation has already identified the need for strategic change in its Canadian operations, it is important to conduct a situational analysis to gain a comprehensive understanding of the current situation in order to make informed decisions about the best course of action. This will involve analyzing the internal and external factors that may impact the success of any proposed strategy. Once this analysis is complete, the corporation can then move on to finding the optimal strategic solution.

In 2015,Target Canada Filed for Bankruptcy