Here’s the setup. You have accepted a position as CEO of one of these companies: • Apple – Recently, Apple’s stock price has been quite volatile. Investors are concerned that Apple may not have a longterm growth strategy. • Barnes & Noble – B&N’s stock price has dropped in recent months as the company faces stiff competition from Amazon. One report notes that onethird of B&N stores may need to be closed over the next decade • Maker’s Mark – Maker’s Mark distillery faced strong consumer backlash on their decision to lower the alcohol content of their whiskey. While they reversed their decision, their brand may still be affected. • TransCanada Corp – An energy company that develops pipelines and other energy infrastructure, TransCanada made headlines for their proposed “Keystone XL” pipeline that would transport oil sands from Alberta to refineries in the Houston area. The company faces strong backlash from environmental groups. • Tesco PLC – It was recently revealed that “value” ground beef products at the British grocery chain may contain up to 60% horsemeat. While an investigation is underway and those products have been removed from shelves, how can Tesco repair their image? Each of these companies faces difficulties, and as CEO you are responsible for maintaining and growing shareholder value. For your first act as CEO, you must write a report to the Board of Directors outlining your first 90 days on the job. While the report should focus on the company’s shortterm needs (i.e., your first 90 days), you should outline a vision for your company’s strategy for the next 5 to 10 years. Think of this report as a follow up to the SWOT analysis you did in Week 4. This assignment requires you to conduct a SWOT analysis, but then take the next step and define a vision for the companya vision that will address shortterm and longterm needs. There is not one correct answer, so use creativity! For example, I could imagine one of you writing a report that your company should be liquidated. Liquidation might be the best way to maximize value to shareholders! Please write this as a professional report using third person. Unlike the SWOT analysis where you could analyze any company, you must select one of the companies listed above. You should find and reference at least 56 news articles or websites to give background on the company’s current situation.
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