Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Risk Management in a Corperate Retail Store - Research Paper Example

Comments (0) Cite this document
The research focuses on JCPenney, a US based supermarket chain. The research primarily concentrates on risks that exists in JCPenney. This is done through the comparative analysis of JCPenney in relation to a similar…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Risk Management in a Corperate Retail Store
Read TextPreview

Extract of sample "Risk Management in a Corperate Retail Store"

Download file to see previous pages In the final portion of the paper, the researcher identifies important methods of dealing with the issues in JCPenney. This is done through an application of methods and systems of retail risk management and corporate governance.
The paper recommends that the management of JCPenney need to re-examine the controls and the risk management system of the supermarket. This should lead to the formulation of alternative systems and strategies for the prevention and control of risks in the supermarket.
Retail management is defined by Berman and Evans as “the art and science of bringing the ultimate consumer a product through a series of stages which are coordinated through a set of defined objectives and strategies” (2009 p1). Retail management therefore entails all the necessary steps that a shop or store goes through to ensure that consumers get products that they desire.
However, retail management is a conscious process that involves certain activities and steps that provides optimal services for consumers (Berman and Evans, 2009 p1). This means that for retail management to succeed, there should be a clearly defined end which will be attained through a deliberate and conscious effort to attain that end.
5. Alignment: all stakeholder needs, ranging from shareholders quests for higher profits and the wider societys desire for healthy lives and environmental responsiveness should be aligned to the activities of a retail venture.
This therefore means that retail management is intertwined with numerous activities and plans that enables the ends and objectives of the company to be actualized. Management of retail ventures is described as both an art and a science. This therefore means that it is about how to attain stated objectives through rules, regulations and other competencies.
1. Supply chain management and channel distribution: this involves the sourcing of goods from wholesalers or producers and getting them to the final ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Risk Management in a Corperate Retail Store Research Paper”, n.d.)
Risk Management in a Corperate Retail Store Research Paper. Retrieved from
(Risk Management in a Corperate Retail Store Research Paper)
Risk Management in a Corperate Retail Store Research Paper.
“Risk Management in a Corperate Retail Store Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk Management in a Corperate Retail Store

Implementing the Risk Management Process in New Kitchen Heaven Retail Store

...? A Report on Implementing the Risk Management Process in New Kitchen Heaven Retail Store (NKHRS) of the due: Implementing the Risk Management Process in New Kitchen Heaven Retail Store Abstract This case study seeks to examine the essentiality of implementing risk management process in New Kitchen Heaven Retail Stores (NKHRS). Risk management process in most cases helps in identifying and measuring the level of risks an organization is exposed to. In this case the various...
6 Pages(1500 words)Essay

Urban Clothing Retail Store Business Plan ownership are very competitive and easy to procure, therefore the cost of operations (i.e. rent, utilities, etc) will not be overwhelming to the business model during the first several years of operations. Converse, Texas currently maintains a very high volume of small rental spaces that can be procured with short-term leases, thus giving the business an advantage in terms of total operational costs. 2. Discussion of Business The business will be managed by the sole proprietor who will handle the duties of human resources, general accountant, and store manager. In order to accommodate regular retail sales, which will be from 9am until 9pm Monday-Saturday, the...
11 Pages(2750 words)Essay

Online Store Popularity vs. Retail Outlets

...of the of the Online shopping Popularity vs. Retail outlets Introduction The purpose for carrying out this research is to determine internet marketing and sales over the internet popularity in today’s world. The benefits of opening an online store versus retail store. The paper aims at discovering answers to the following questions: Is it money-wise useful to open an online store in this day and age? Who are the chief consumers buying online and what are the trends and buying habits of the consumers, and the leading products bought online? How to target consumers buying over the internet and how to make online store fruitful? The chief...
7 Pages(1750 words)Research Paper

Retail Store Marketing Plan

...will also become easy. The physical outlet will help the company in building customer loyalty and gain customer confidence. The retail store will facilitate the company to carry out transactions in cash. This will allow the company to reduce the risk bad debt to a large extent. The business process will be simple as there is no involvement of middle man. This will allow the company to earn more profit. SECTION III The Store Layout The store layout is one of the most crucial strategies for a company’s success. Hence, it needs to be designed properly. The store layout also helps in influencing consumer behaviour, and make assessments about...
5 Pages(1250 words)Assignment

Costco retail store-santa clarita

... offered especially electronics are demonstrated how to use them as part of visual merchandising. The outlet has merchandiser from suppliers Who help push sells for new and slow moving items. Below is an image of a well lighted Costco Santa Clarita outlet that looks appealing for visual merchandising EXPRESS lane to enhance customer experience The express lanes are typically used to address needs and special cases in retail outlets. They can also be used in special times such as holiday shopping, and rush or pick hours (Brenhouse 6). This concept can be used together with self-checkout to manage time and costs. Express lines provide quick access to popular products for customers who may be interested in a few items from the stores... ...
3 Pages(750 words)Essay

Retail management

...Retail Management 1. Store profile Cool-Bar is a retail store that would operate on a simple managerial structure in support of modern technologies to aid in its advance management and accountability. The top most in the hierarchy of management would be the CEO followed by two managers who will fall on the same levels but answerable to the CEO. Leader of the staffs, on the lower level of the hierarchy, will be immediately after the two managers (Operations and financial managers), and lastly three counter staffs on the lowest level of the chart. Communication channels...
18 Pages(4500 words)Research Paper

Retail Store Design

... result in the higher customer retention rates in the retails stores. The further research into this sector shall explore the different aspects of the dynamic lighting arrangement with the product systems and location of placement. References (n.d.) Top ten ways to turnoff customers,, [Online] Available at [Accessed on 10 September 20090] LeBlanc, R.P and Turley, L.W. (1994) Retail Influence on Evoked Set Formation and Final Choice of Shopping Goods, International Journal of Retail and Distribution Management, 22(7), pp 10-17 Merchant Mechanics (n.d.a), Case Examples, [Online] Available at [Accessed on 12 October 2009... Thesis Conclusion (goal about 3,000 words) The...
11 Pages(2750 words)Essay

Hiring a Retail Store Manager

...Hiring a Retail Store Manager ID Lecturer The recruitment of a retail store manager would be done by understanding what the store is trying to achieve through this manager to begin with. If this store manager is required to be at the store for a longer period of time, it would be adequately reasonable to have 2 store managers who work at the same level. However having a single store manager would also suffice as the store would not be open for more than 12 hrs at a single...
1 Pages(250 words)Essay

Risk Management / Organisational Risk

... retail operations. Moreover, the complexity and issues related to interdependency in the modern business scenario can also be considered as a major organisational risk in the global convenience stores segment. Based on these global risk aspects in the challenging business environment, this paper intends to discuss the concept of organisational risks and possible challenges that are faced by 7-Eleven in the global business exposure. Moreover, the discussion will also cover the areas concerning contemporary security issues faced by 7-Eleven along with developing effective responses in order to mitigate such challenges. In addition, the paper will also demonstrate appropriate management strategies for 7-Eleven in order to effectively deal...
13 Pages(3250 words)Research Paper

Learning From Failure: Knowledge and Innovation Management

8 Pages(2000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Risk Management in a Corperate Retail Store for FREE!

Contact Us