Hi there! I need help with my Strategic management assignment.

I am required to continuously focus on the householder hardware business, Bunnings (the organisation here after) of Wesfarmers and conduct strategic capability analysis, propose one strategic initiative for the organization encompassing a three-year time horizon. Moreover, need to integrate the findings and feedback and then to build upon them to come up with an actionable strategy implementation plan and its evaluation. The plan has to be achievable and realistic. Will have to clearly demonstrate what the strategic initiative is, why the plan can help the organization achieve and maintain a sustainable competitive advantage, and how this plan can be implemented and evaluated.

Specifically, i am are required to perform the following tasks in this report:

1. Identify those resources and competences of the organization that are likely to provide sustainable competitive advantage. Justify why these resources and competences can be regarded as strategic capabilities using the four criteria (VRIO) covered in the textbook.

2. Identify and discuss the current generic type of business strategy the organisation implements by examining its strategy statement and/or its value chain activities.

3. Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major functional initiative, such as marketing, use of technology, product (service) innovation/development, and M&A. Describe its contents in details and justify why it is strategic.

4. Evaluate the suitability of your strategic initiative through referring to the findings of your assignment 1, particularly the external environment of the organisation, and its strategic capabilities and current business strategy as identified in this assignment.

5. Develop a strategy implementation plan that primarily focuses on the following areas: a. What needs to be changed to implement the strategy? and Why? b. How will the changes proposed be managed and implemented?