Hbc Answer to Question 2022

Running head: HBC
HBC
Name of the Student
Name of the University
Author note

HBC1
Answer to question 1:
Building relationship is important as it helps in developing networks, and unity of
voices for products or services that are significant for the growth of the organization
(Herremans, Nazari & Mahmoudian, 2016).
The mission statement of HBC is about to stay strong and change with the changing
environment and to serve the Canadians an experience that s better in terms of retail and also
to meet the requirements of their customer by providing better quality, value, variety and
service which all can trust.
Stakeholders wanted HBC to change and customize their products according to the
market trends of the organization so that they can also remain in profits.
According to the stakeholders, it was important to have a diversification of products
provided.
Answer to question 2:
STRENGTHS
 Diversified products.
 Location.
 Technology.
WEAKNESSES
 Changed ownership.
 The high cost of operation.
 Fewer employees.
OPPORTUNITIES
 Possibility of expansion.
 Increase in demand.
 Huge capital.
THREATS
 Weak economy.
 High cost of human resources.
 Competition.