Hudsons Bay Company was founded in 1670 and is Canadas oldest corporation. It currently is headquartered in
Question:
Hudson’s Bay Company was founded in 1670 and is Canada’s oldest corporation. It currently is headquartered in Toronto, Ontario. The company operates online and retail stores throughout Canada and the United States under the banners of Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena.
The company operates in a highly competitive industry sector and as a result, their business model has changed multiple times since their inception in 1670. More recently, in 2020, shareholders overwhelmingly voted to take the firm private so as to undertake key strategic initiatives.
Background:
https://www.macleans.ca/culture/books/how-the-hudsons-bay-company-shaped-canadas-history-and-itsborders/
https://www.cbc.ca/news/canada/manitoba/hbc-350-years-history-1.5569656
https://www.forbes.com/sites/walterloeb/2016/06/13/hudsons-bay-companys-transformation-leads-to-fastgrowth/?sh=422fd8af6d82
Current News:
https://retail-insider.com/retail-insider/2021/08/hudsons-bay-shifting-canadian-department-store-model-byseparating-physical-stores-and-online-business/
https://financialpost.com/news/retail-marketing/were-not-neiman-marcus-hudsons-bay-says-it-plans-to-bearound-for-another-350-years-despite-recent-troubles
https://www.ctvnews.ca/business/hudson-s-bay-splitting-stores-from-online-marketplace-to-create-twobusinesses-1.5544453
In your own words, summarize Hudson’s Bays’ current situation based on your readings outlined above. Be detailed and specific and utilize course concepts and tools discussed to date. Be sure to identify the who, what, where, why and how of the scenario.
- A) Complete an external assessment of Hudson’s Bay by incorporating the current information given in the linked articles above . In your discussion you should also:
- B) Identify which tool would be best utilized to complete an adequate external audit of Hudson’s Bay and explain why you have chosen this one over the others.
- C) Utilize this tool to complete the external audit.
- A) Complete an internal assessment of Hudson’s Bay by incorporating the current information given in the linked articles above In your discussion you should also:
- B) Identify which tool would be best utilized to complete an adequate internal assessment of Hudson’s Bay and explain why you have chosen this one over the others.
- C) Utilize this tool to complete the internal audit.
- Provide an overall summary of your key findings/learnings
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black