BackSaver Ltd. is a retailer of home office furniture. During the pandemic, BackSaver has seen a...
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BackSaver Ltd. is a retailer of home office furniture. During the pandemic, BackSaver has seen a surge in demand for its products and has developed a strategy to satisfy customer demand. Specifically, BackSaver tries to diversify its supply chain by maintaining effective relationships with suppliers in different regions and implement a sophisticated inventory management system to avoid stockouts. c) Simons (2000) discusses three sources of strategic risks (i.e., operations, asset impairment and competitive). (i) Identify and discuss one (1) operations risk for BackSaver. Your answer must be specific to its strategy. (2 marks) (ii) Identify and discuss one (1) competitive risk for BackSaver. In your answer, specify the source of the competitive risk. (2 marks) BackSaver Ltd. is a retailer of home office furniture. During the pandemic, BackSaver has seen a surge in demand for its products and has developed a strategy to satisfy customer demand. Specifically, BackSaver tries to diversify its supply chain by maintaining effective relationships with suppliers in different regions and implement a sophisticated inventory management system to avoid stockouts. c) Simons (2000) discusses three sources of strategic risks (i.e., operations, asset impairment and competitive). (i) Identify and discuss one (1) operations risk for BackSaver. Your answer must be specific to its strategy. (2 marks) (ii) Identify and discuss one (1) competitive risk for BackSaver. In your answer, specify the source of the competitive risk. (2 marks)
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