Created by Group 3

Possible Cause of Bankruptcy:

Poor Decision-Making, resulting Mismanagement

Proposed Strategic Plan

Conduct a workshop, seminars, and training and
development programs for managers and staff.
 Possible Cause of Bankruptcy:
Overpriced/ Expensive products
Proposed Strategic Plan
Find a cheaper supplier of products to lower the prices of the products to make it more accessible to a
wide number of customers or have monthly sales and bundle promos.
Possible Cause of Bankruptcy:
Convenience stores are located closer to one another
Proposed Strategic Plan
Should provide a discount card for every loyal
customer.
 Possible Cause of Bankruptcy:
Poor Store Location
Proposed Strategic Plan
Regardless of the store's poor location, make the most of what you
have by investing in the store's marketing efforts to promote its
products and services.
Possible Cause of Bankruptcy:
Poor Customer Service

Proposed Strategic Plan

Should provide proper customer service in a convenience store.
 Possible Cause of Bankruptcy:
Huge Debt
Proposed Strategic Plan
Repayments of Debts and Eliminating Unnecessary Expense must
be prioritized in order to avoid having Huge debts for the store and
to still run in the business.
 Possible Cause of Bankruptcy:
Robbery
Proposed Strategic Plan
Choosing a location and tightening the security is the
highly option to prevent possible crimes.