JC Penney:
J.C. Penney Company, Inc. is a holding firm with the main operating subsidiary known as J.C Corporation, Inc. The company sells accessories, family apparel and footwear, beauty products, home furnishings, and fine and fashion jewelry in its department stores in America and Puerto Rico. Since its inception, this company has grown to become a major retailer that operates approximately 1,106 department stores by the beginning of 2011. The business of this firm basically consists of selling their products and services through the numerous stores and its online business strategies. This growth has resulted in the company to be ranked as America's largest department-store retailer and catalog business.
Mission, Vision, and Primary Stakeholders of J.C. Penney:
The vision of J.C. Penney Company, Inc. is to become America's shopping destination for inventing great styles at reasonable and attractive prices. This vision is centered on the company's long-range growth initiatives that consist of four integrated business strategies in order to increase its sales, improve its financial performance, and achieve industry leadership. The company's mission is to provide merchandise and services to its global customers at a profit in ways that are consistent with its ethics and responsibilities.
In order to fulfill its vision and mission, J.C. Penney Company, Inc. has several stakeholders that are integral to the success of its operations and profitability. Some of its primary stakeholders are its customers who are its main focus because of the role they play in the effectiveness and profitability of the firm's operations. Since customers act as the lifeblood of this company, it's committed to serving them with quality, smart, and stylish products at reasonable prices. The second primary stakeholders are its diversified supplier base that consists of both domestic and foreign suppliers as the firm is not highly dependent on any single supplier. The other primary stakeholders are its stockholders and investors who also play an integral role to J.C. Penney's profitability in the market.
Competition of J.C. Penney Inc.:
J.C. Penney Company, Inc. operates in the highly competitive business of marketing and services that consists of numerous competitors including Kohl's, Stein Mart, and Dillard's. The competitors within this industry compete for market share depending on brand image investments, economies of scale, and tight cost controls. The five forces of competition for J.C. Penney, Company, Inc. In its business based on an industry...
JC PENNEY'S RESEARCH PROJECT PROPOSAL -- JC PENNEY'S Research Project Proposal - J.C. Penney's JC Penney's Overview of Organization The J.C. Penney Company was once the dominant player in the retail industry as it was founded in the beginning of the twentieth century. However the company is now a holding company for struggling department store operator J.C. Penney Corp is still one of the largest department store and e-commerce retailers in the United States, J.C.
J.C. Penney News Is Bigger Than Lawsuit Decisions, Revenue Losses, and Resignations - Mark Cuban's Stock Purchase Is Better Than Money for J.C. Penney's Recovery (JCP, MSO) Organizational context: J.C. Penney J.C. Penney is one of the most famous and renowned of the major U.S. department stores. It is well-known for its image of Americana and its reasonable prices. However, within this particular market segment, J.C. Penney is facing increasingly stiff competition
JC Penney Introduction & Ron Johnson At this point it is hard to judge if JC Penney is a well-run company because it just got a new CEO but in recent years it definitely has not been well-run. The recently-fired CEO Ron Johnson made a few strategic moves to transition the company's store to the modern era (Heller, 2013). Among the moves made were to upgrade the clothing lines, eliminating the deep
management styles used by JC Penney's management and pros and cons of each era of management. The paper begins with a general introduction of the management and then by answering the questions asked. The paper also evaluates company's management styles and problems faced by the company. Importance of innovative management style and a suitable style for JC Penney is also considered in the given paper. Management Penney being one of the
Further the fair pricing strategy which Yousuf refers to as "a permanent discount of at least 40% on all items" could also effectively defend the company's market share from both existing competitors and new entrants. Next, J.C. Penney's move to embrace a new management team could end up yielding some positive results as such a move will inevitably change the way things are done at the firm. Indeed, in
Andrea Jung's Makeover Of Avon Products Business CASE STUDY ANDREA JUNG'S MAKEOVER OF AVON PRODUCTS, INC. Avon is a well-known and well-established company that has struggled to maintain financial health over the past decade. Under new leadership, a turn-around has begun. An in-depth industry analysis identifies several internal and external considerations for the company, such as the effects of globalization, the benefits of technology, the strength of the existing direct-sales model, brand recognition
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now