MBA665 Final Project Milestone Two Guidelines And Rubric

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MBA665 Final Project Milestone Two Guidelines And Rubric

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MBA665 Final Project Milestone Two Guidelines And Rubric

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Course Code: MBA665
University: Southern New Hampshire University

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Country: United States

Question:

Prompt: The final project for this course is the creation of an impact of governmental action on a business paper. For Milestone Two, you will submit the Overview section of your final project, which continues building on what you started in Milestone One to complete Section I of the final project critical elements. You will provide the business profile and governmental action, revised according to feedback received on Milestone One, then add organization and teams, stakeholders, and current environment. Be sure to support all factual claims/positions with appropriate citations to your research materials. Specifically, the following critical elements must be addressed:
Overview: In your role as vice president of governmental affairs, your boss, the business’s CEO, is considering retaining an outside consulting firm to assist the company with a government issue that it is facing. Jack Harris is the president of that firm, which is called Crisis Consulting. Jack has told your boss that he will not know if he can help until he learns more information about your company and the issue it faces. Your CEO has asked you to prepare a memo that will provide a detailed overview of your company as well as the government action that is it facing. Address the following:

Business Profile: Provide a brief profile of the business and the industry it occupies, including the business’s market share and competitors, as well as opportunities and threats facing the business and industry outside of the particular governmental action now facing the business.
Governmental Action: Analyze the potential governmental action or political challenge that will affect the business in this particular situation.
Organization and Teams: Describe the organization of the company, including divisions and project teams, and the manner in which the company has used these teams to respond to government regulations in the past.
Stakeholders: Describe the company’s internal and external stakeholders. In your description, include the actions taken by the stakeholders to date to influence the political process and advocate for the business’s interests.
Current Environment: Describe the current business environment, both financial and otherwise, including the initial reaction of the company to the situation and the initial position taken by political actors and other stakeholders.

Describes the organization of the company, including divisions and project teams, and the manner in which the company has used teams to respond to past government regulations, but description is cursory or inaccurate
Describes company’s internal and external stakeholders, including actions taken by stakeholders to influence political process and advocate for business interests, but description is cursory or inaccurate

Answer:

Introduction 
This report is revealing the key challenges and actions which needs to be taken by business organization named Macy’s Retail store against the action and government policies framed by the government. This report will envisage upon the impact of the government action, political challenges on the business situation and its operations. This report divulges the government action, organization and team members, stakeholders and current environment which are interrelated to each other’s and should be evaluated by company before formulating the strategic policies and business frameworks. In this report, the main focus has been made on detailed overview of your company as well as the government action that is it facing addressing the several factors such as government action, organization and team members, stakeholders and current environment. It will help in identifying the business sustainability and environmental and economic challenges faced by Macy’s Retail store in business market (Walters, 2018).
Business profile overview
Macy’s incorporation 
It is an international software app company which is globally offering an application tool which ease online retailing activities. It strengthen the online business platform which will help in grabbing potential clients of Macy’s company. This newly developed app plays pivotal role in strengthen the business output and grabbing more clients in market. The Macstyle App has focused on product differentiation strategy in market which will help company to develop and innovate new technologies and system process. This company has focused on using the advance technologies and system process to strengthen the business outcomes and effectively increasing the overall market share on international level (Walters, 2018).
Mission
The main mission of Company is to develop an online dashboard mechanism in business to use and access unique online mechanism for clients so that it could strengthen their satisfaction level. It is focusing on developing advance technologies Hi-tech features in its business to grab more clients in market. 22% market share and increased the number of clients by 3% since last year. In addition to this, growing number of the mobile phones and use of advance technologies have enables clients to access the online market more effectively.. However, Macy’s has been facing tough competition from several rivals named as ; JCPenney’s, Nordstrom, and Saks.
Macy has faced loss of AUD  1451 million for pension plans and rest of the amount of  261 million have been done to supplementary retirement plans. Company has been facing high loss in its business due to the increased business loss and it could be mitigated only when company strengthen its business policies and program as per the changed government action plans for the industry (Lisa Fu, 2018).
Overview: Governmental Action
With the ramified economic changes, government has changed the business policies and program which may have positive and negative impact on the business functioning of the Macy App. The sudden changes in the business policies and increased governance mechanism have resulted to forced closure of the business outlets. In addition to this, strict corporate governance, has also resulted to failure to comply with the applicable domestic and international laws. It has also increased the penalties.  The stock turnover program have also increased due to strengthen legal compliance (Marcy’s, 2017). Government has changed the policies and forced company to set up a legal department to comply with the listing and legal compliance.  In addition to this, legal rights renewals for patents, trade market and loyalty card program need also to be renewed by company as per the newly introduced legal compliance program of the government. It is analyzed that government has also passed legal policies related to the listing agreements which also need to be followed by company. for instance, if company wants to implement particular change in business then it will have to pass resolution and take the consent from the stakeholders. The government has changed its business policies and traits which is promoted with a view to increase the government treasure. The main issue in this is related to higher cash outflow from its business functioning which company will have to face due to the changes in its business policies. Furthermore, political changes may also negatively impact the business strategic plans. It is analyzed that if company fails to analyze these changing political factors then it might negatively impact the strategic alliance of company undertaken with other organizations (Walter. 2018). The government action is designed with a view to promote the stakeholders for investment and saving them from the business possible risk in market. Government issued more treasury bonds in market to attract investors for the risk free securities where they could earn more return on their invested capital. This could easily help investors to create value on the investment. It also impacted the return on capital employed of company in long run (Davis, Yue, & Davis, 2017).
Overview  of the organizational team and employs
There are several employs and staff members who are indulged in creating the value of the business. Company has several departments and all the department is handled by the line managers who takes all the imperative decisions. There are 10 team members in one team who  are assigned particular project and the same is supervised by the team leader. In addition to this  , with the consistent changes in the legal compliance and rules, company has set up legal compliance department in which 12 employees from the law field are indulged in indenting the applicable laws and regulations which company needs to comply. Nonetheless, it will increase the costing of the Macy’s Retail store by 1.5% at least but eventually strengthen the business sustainability in  long run (Wolinsky, Wolinsky, & Wolinsky, 2015). Company has also arranged the matrix project team members who are indulged in undertaking expert projects. It will not only help company to strengthen  the business strategic program to create  value on its investment. Government has also made mandatory for companies to comply with the data privacy acts and other legal laws to strengthen the legal compliance which have resulted to setting up another legal department which will set up harmonization in its domestic and international regulatory compliance program. Macy has been accompanied with the several employees and staff members who are indulged in the functional and strategic work of the organization. The CEO of company is making efforts to set up different set departments and team members who are indulged in taking the imperative decisions. It is analyzed that employees are also focusing on creating innovative business functioning so that company could create core competency in market (Tokosh, 2018).
Stakeholders
Jeff Gennette has been with the Macy for its sustainable business m. there are several internal and external stakeholders who have been impacting the business since very long time. Shareholders, employees, promoters and other legal staff members would be the internal stakeholders who directly and indirectly affected by the business functioning of organization (Walters, 2018). However, they are highly responsible for the business growth and its sustainable business practice in long run. In addition to this, core competency of the Macy in market is developed by employees and staff members of the organization. It is analyzed that the sales of the company has increased by 3.6% since last year which is good indicator for its business growth. In addition to this, overall costing of the business have been gone down which have eventually increased the return on capital employed (Darden, & Babin, 2015).
On the other hand, the return on capital employed has also increased due to the low costing of the business. It is further observed that there are  other external stakeholders such as government, strategic alliance company, suppliers, transportation activity holders and social media partners who are connected with the Myer for its business activities. These persons are directly and indirectly into the business activities to achieve the set objectives and goals in short term and long run of Macy’s Retail store. The business is highly depend upon the quality of the work function of employees and support from the external stakeholders. If company could establish harmonization between the need of the internal stakeholders with the external stakeholders then it could easily strengthen the business output in effective manner (Mortimer, & Grimmer, 2018).
As per the data given by Jeff Gennette, Macy’s Retail store  offers customers oriented services and focus on satisfying clients for their activities and actions. Currently all the external and internal stakeholders are focusing on making Macy’s Retail store more technologies oriented and promoting organization in virtual world more. It will be helpful in competing with the rivals in market with the developed advance technologies and system process. This will be the most effective strategy of the Macy’s Retail store to compete with the challenges and changes of the government in market. Therefore, it could be inferred that the main action taken by the stakeholders towards the changes of the government is related to the advance technologies and system process. All the challenges of the government changes will be mitigated by using the advance technologies and system process. In addition to this, setting up legal department in Macy’s Retail store will also be used as medium to set up harmonization in its domestic and international reporting frameworks which could add value to the organizational objectives and goals in effective manner (Akturk, Ketzenberg, & Heim, 2018).
Current Environment:
 The current business environment of the company is challenging and demand company to strengthen the business functioning to create core competency in market. It is analyzed that company should focus on creating core competency in market by focusing on developing the advance technologies and system process in market. It is analyzed that Macy’s Retail store has also faced issue due to its high debt funding in its business. It is considered that company has kept 42% debt funding in its business which will also increase the financial risk of the business as well. This may negatively impact the business when company fails to cover its interest payment from the earnings before interest and tax. In addition to this, financial crises, strict regulatory compliance and high completion in market are also the major factors for its business destruction in long run. Macy’s Retail store could easily mitigate these issues by entering into the strategic alliance for its marketing and production activities so that it could reduce its cost of its business process and also attract more clients through virtual world (Duffy, & Hynes, 2016). The initial reaction of company to mitigate the risk arise from this issue was related to issue of more capital in market and increasing the overall profitability. This made company to cover its interest payment. However, the profitability of company is based on the increased turnover which is supported by the advance technologies and process in organization.
 Conclusion 
After assessing all the details and key points on the internal and external factors of Macy’s Retail store, it could be inferred that company needs to develop strong strategic policies and program to compete with the government action plans in market. However, it has to lower down the financial debt in its business as if it wants to strengthen its business in this ramified business factors. Now in the end, it could be concluded that company could use the advance technologies and financial strategic planning to compete with the sluggish market condition in market. It will help company to strengthen the sustainability in market. The government action is designed with a view to promote the stakeholders for investment and saving them from the business possible risk in market. Therefore, company has focused on customizing its business process as per the client’s needs and demand in market.
References 
Lisa Fu (2018) Macy’s has figured out the formula to survive the retail apocalypse (M) [Online] Retrieved from https://markets.businessinsider.com/news/stocks/macys-formula-to-survive-retail-apocalypse-2018-5-1024738837
Macy’s (2017) macy’s, inc. retrieved  from announces actions to streamline store portfolio, intensify cost efficiency efforts and execute real estate strategy https://phx.corporate-ir.net/External.File?t=2&item=g7rqBLVLuv81UAmrh20Mp55v+jGibw1L7JgzDHFA4NN3hPybrQN5q1DUvHd9XRSehdshMQ9z97WPo7BH9kkaWA==&cb=636382767159070243
Walter. L., (2018) Why The New Challenges Of Macy’s Create New Questions [Online] Retrieved from https://www.forbes.com/sites/walterloeb/2017/06/12/why-macys-new-challenges-create-new-questions/#697f55c43f94
Davis, L., Yue, H., & Davis, D. (2017). Shopping orientation, store attributes, and apparel retail format preference.47(6), 536-556.
Wolinsky, J., Wolinsky, R. I., & Wolinsky, S. W. (2015). U.S. Patent Application No. 14/444,773.
Tokosh, J. (2018). Is the Macy’s in my mall going to close? Uncovering the factors associated with the closures of Macy’s, Sears, and JC Penney stores. Growth and Change. 4(6), 66-81.
Walters, K. (2018). Hard Sell: Work and Resistance in Retail Chains by Ikeler P. 47(6), 536-556.
Darden, W. R., & Babin, B. J. (2015). Service Orientation and Ancillary Service Perceptions. In Proceedings of the 1990 Academy of Marketing Science (AMS) Annual Conference(pp. 411-414). Springer, Cham.
Mortimer, G., & Grimmer, L. (2018). Location and voice technology are the future of retail. The Conversation, (11).
Akturk, M. S., Ketzenberg, M., & Heim, G. R. (2018). Assessing impacts of introducing ship-to-store service on sales and returns in omnichannel retailing: A data analytics study. Journal of Operations Management, 61, 15-45.
Duffy, J. F., & Hynes, R. (2016). Statutory Domain and the Commercial Law of Intellectual Property. Va. L. Rev., 102, 1.

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