STRATEGIC MANAGEMENT

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Description

STRATEGIC MANAGEMENT

STRATEGIC MANAGEMENT

ANSWER


Class Ohlson is a Scandinavian hardware and home ware chain store which was founded in the year 1918 by Class Ohlson. This company sells products for home and house, hobbies, and technology. Class Ohlson has more than 100 outlets all across Finland, Norway, and Sweden where there are internet and mail ordering services. The increased markets in the United Kingdom are one of the critical success factors of this company. The United Kingdom is affected by a recession which is the second worst after the World War II. This has resulted in many businesses being closed down at the high street of this country. Currently, there are recovery aspects that are underway and hence forming a critical success factor of this company to operate in the United Kingdom.  The fact that Class Ohlson chain stores sell a lot of home products and multimedia products under one roof as indicated by Wood (2011), and customers come from all over Sweden in order to purchase these products. This implies that the demand for the products sold by this company is high and hence it is potential in making a lot of profits (Wood 2011).