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However, the case is surrounded with so many challenges because today’s retailing world is vastly covered by competition. The future will be reshaped by the emerging trends where it illustrates on what the business is experiencing today will surely be changed when tomorrow comes. This is the reason why critical knowledge about fast changing trends must be integrated into the retail strategy to drive opportunities. The business must plan ahead of time before it will lose its competitive advantage.
The main thrust of this paper is to analyze the different positions of Simon and Smith in their store’s direction as well as the alternatives that would help in looking for potential changes and opportunities.
Simon and Smith had different views in terms of directing their store in order to stay ahead of the competition. Simon seemed to be satisfied with the current performance of the business. Furthermore, he said that as long as they will be using the same retailing strategy for the coming years, the business will remain to be at the top of the competition. He was not in favor on the idea of attracting young customers for the reason that both of them did not have enough knowledge on the nature of the new segment and it might drive away their loyal customers. On the other hand, Smith was less satisfied compared to Simon because he was worried on the foreseen intense competition. He wanted to change the retailing concept and the growth strategy of the business to be more prepared when competition arrived. He presented potential changes in the customer base of the business and discussed important opportunities to develop sustainable competitive advantage. The opportunity was on how to attract younger customers as the new target audience. Instead of putting all efforts on customers whose profile ranges from 35 to 50, the business will now shift to a larger audience which is the young generation.
“The retail sector is one of the most competitive in the business
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It also reflects the issues related to the currency exchange between the Green Hardwood Corporation and its suppliers. The report will provide a structure which will help the company to manage the operational risk in future. Green Hardwood Corporation (GHC) is a multinational company manufacturing decorative hardwoods including two main divisions i.e.
The present study would analyse the business strategies of certain firms which includes analysing their product mix as well as life cycle analysis of the products in question. Further in the next section a comparative analysis of the marketing communications strategy of four businesses along with an analysis into the ethical aspects of marketing communication would be analysed.
It also discusses the concept of different product and service offerings by different supplier groups along the supply chain domain. The second set however focuses more on the concept of branding. It tends to evaluate and compare the use of the concept of branding in respect of four other cases other than those discussed in the previous section.
Similarly, most of the business organizations in the present will have to rely heavily on technology to achieve profitability and success (Narayanan, 2001; Phaal et al., 2001). Technology also has a major role in the marketing activities as well as selling and buying of goods and services as most of the customers use computers and internet for their business transactions.
For purposes of this reflection report, we will be analyzing CUPE Ltd which is a management training provider whose mission is to add more value than cost in its quest to improving their client’s projects and is based on the South of England and has a ten year reputation in in offering training and consultancy services.
With his head down on the table he's now thinking what went wrong. He wouldn't have recollected what the management and lifestyle book told:
"To begin with the end in mind means to start with a clear understanding of your destination. It means to where you are going so you better understand where you are now and so that the steps you take are always in the right direction "
oing to discuss my business overview with reference to its core purpose, vision, mission, organization strategy, business unit, sources of competitive advantage and business opportunities.
My organization is a profit making organization whose core function is soft drink
, operation and yearlong effort, the two doctors expected positive events and goals during and after CABG surgery until a patient was discharged from the hospital. Besides, the goal of care path entailed the standardization of processes possible without extensively affecting and