The traditional challenges in business have been transformed and today the industry is facing different types of challenges. It is important to identify the challenges from different perspectives. The strategy report for Peter Alexander has been prepared that focuses on developing the strategy for the retail store at Crown Casino.
The report discusses the challenges and the various perspectives that can be considered into the formulation of the strategy. The study shows various strategies have been employed by various retail stores in the market based on their position and business segment. It is important to understand that at times such strategies can be helpful but most of the times suitable dynamism has to be there to adapt to the changes. The strategies of big stores are more challenging as small stores rely on traditional retail stores strategies.
Various strategies that can be employed by Peter Alexander have been discussed with a view to overcome the challenges from the competitors, especially the big brands in the market. Overall the report has been useful in developing the strategy for Peter Alexander by analysing the different aspects of the retail store business.