Walden WMBA6990 Discussion 1 Case Analysis with Discussion KSF Analysis

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Discussion 1: Case Analysis with Discussion: KSF
Analysis—Integrating Internal Resource and External Ecosystems Analyses: Trader
Joe’s and U.S. Food Retailing Revisited

In Week 3 you utilized the case study, “Trader Joe’s” (Ager
& Roberto, 2013), to analyze the current skills, competencies, and
capabilities along Trader Joe’s value chain, which included supplier- and
customer-related activities. For this week’s case analysis, you will use your
prior work on the skills, competencies, and capabilities of Trader Joe’s, but
now you will re-analyze your findings relative to the implications of a quick
run-through of both general force (P.E.S.T.) and competitive force (five-force)
analysis of the food retail sector in the United States.

The goal of this week’s analysis is to compare your current
skill, competencies, and capabilities analysis of Trader Joe’s with what your
think the future Key Success Factors (KSFs) for the company will be, drawing on
data you research about the industry.

To develop the KSFs, consider which core skills and
capabilities Trader Joe’s currently has (from your prior analysis). Then, based
on a quick and less formal general P.E.S.T. and competitive ecosystem
five-forces analysis, determine which critical skills, competencies, and
capabilities Trader Joe’s must develop or acquire in order to thrive over the
next 5 years.

The logic of the KSF analysis requires you to bring
strategic analysis of external issues together with an evaluation of internal
skills and capabilities for the first time. Remember, ALL strategy comes down
to (1) how you deploy your current skills, competencies, and capabilities, how
you develop or redevelop those, and how you augment them via more
investment/training, purchase, or acquisition; and (2) what you decide to do
with those skills in the future.

So, this week you are moving into “future thinking” mode,
and are considering “what are the Key Success Factors for the future?”

To prepare for this Discussion:

· Review all
required readings, including the Weekly Briefing, which provides additional
guidance on how to complete the assignment.

· Review your
analysis of Trader Joe’s from Week 3 and review your original research on the
company and industry.

· Conduct
additional research on the U.S. food retailing industry to obtain some insights
about future threats and opportunities in the industry.

· Identify and
review all relevant readings from the Capstone Program Bibliography.

By Day 3

Post a polished Key Success Factor analysis that responds to
each of the prompts below:

1. Based on your
projections for the implications of FUTURE five-forces of competition, P.E.S.T.
(general environment), and stakeholder support (or stakeholder challenges),
what essential skills, competencies, and capabilities will be CRITICAL in order
for Trader Joe’s to survive or thrive in the future? Why? Support your
evaluation with evidence and reasoning linked to appropriate knowledge.

Note: These critical areas may be the same as in the past,
BUT they may not. Think this through carefully and use your innovative and
economic thinking skills from prior courses. You must become futurists to be
good strategists, which means there IS some ambiguity about the bets you will
be making (that’s one of the responsibilities of senior leadership).

2. Identify
critical gaps in the skills, competencies, and capabilities that Trader Joe’s
currently has versus what you think they will need in the future. Think about
how Trader Joe’s can bridge that gap. If Trader Joe’s were to hire you as
consultant to provide strategic direction in what specific skills,
competencies, and capabilities the company should invest in or acquire (and
how), which would you emphasize as critical and why?

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