Discussion Post: American Jobs
One of the most seriously affected industries is retail. Please read the attached article on the decline of retail industry and its implications. Use this industry as a context in your responses.
• What do you think are the root causes behind the decline of the retail industry? Use the concepts from chapter 4 in your response.
• Why is difficult for firms to change their business strategies? What are some of the major obstacles retailers face in doing so?
• Reflecting on Michael Porter's "stuck in the middle" concept, how can businesses avoid being trapped in obsolete (outdated) strategies? Give examples.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.