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You are required tocontinuously focus on the householder hardwarebusiness, Bunnings(the organisation here after) of Wesfarmersand conduct strategic capability analysis, propose one strategic initiative forthe organization encompassing a three-year time horizon. Moreover, you need to integratethe findings and feedback from your first assignment and thento buildupon themto create an actionable strategy implementationplanand its evaluation. The plan has to beachievable and realistic. You have to clearly demonstrate what the strategic initiativeis, why your plancanhelp the organization achieve and maintain a sustainable competitiveadvantage, and how this plan can be implementedand evaluated.Specifically, you are required to perform the following tasksin 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 currentgeneric type of business strategy the organisationimplements 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
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