MBA_640___Milestone_Two_Nordstrom_Financial_Risks.docx Milestone Two: Nordstroms Inves
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MBA_640___Milestone_Two_Nordstrom_Financial_Risks.docx Milestone Two: Nordstrom™s Investment Project Risks SNHU MBA 640 “ Professor McDermott IV. Risks A. Internal Nordstrom™s most significant internal risks related to the investment project of more store expansion into Canadian territories are resources, communication, public scrutiny, and company reputation towards Canadian interests. From an internal outlook, Nordstrom™s investment project will need to avoid potential disagreements and/or dead ends; The Street writer Chad Fraser explained in his 2016 article how œCanada's retail scene is brutally competitive and with that consideration comes with the necessity to have all internal employees on the same page for the project planning and execution. Furthermore, internal resources such as capital funds are also a risk to be considered especially when Nordstrom already has a few stores operating in Toronto and other cities in Canada to ensure potential success rather than failure. Some elements will be different than they were with the initial Canadian expansion back in 2016 such as: different city locations with different demographics and entirely new competitors in each region. The internal opportunities from the expansion project are revenue growth, growth in retail employment, and gaining a more update insight into Canadian preferences in the retail clothing industry. The past experience when Nordstrom first expanded into Canada has allowed the company to focus on the most important parts of the investment project
[Solved] MBA_640___Milestone_Two_Nordstrom_Financial_Risks.docx Milestone Two: Nordstroms Inves
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- Submitted On 03 Oct, 2022 02:07:36
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