etail Management
Large retail stores around the globe aim for "similar look" in architecture so their stores can stand out and be an identifying factor for their brand. Even the fast food chains would aim for the same kind of architecture everywhere. However Prada goes against this philosophy of similar look and design and hence aims for architecture as different from its last store as possible. This is Prada's way of attracting attention and hence should be seen in a different context than what Muccia Prada apparently meant.
Let us thus explain this further. Ever brand has a unique identity and the bigger the brand, the most conscious the company becomes of its identity and identifying factors/features. For example for McDonalds around the world, the main identifying features are the yellow arches that are immediately recognizable all over the world. The same goes for the Polo horse logo or the Lacoste alligator…...
mlaReferences
Paul Goldberger. Building up and tearing down: reflections on the age of architecture. Random House Digital, Inc., 2009
"New York Architecture" Accessed May 1, 2011 http://www.nyc-architecture.com/SOH/SOH062.htm
Retail Floorplan
Men's Retail Store Layout for Space, Profit and Efficiency Maximization
Mike and Earl Moore, are the founders of a Men's store named College Men's Unlimited. Recently they signed a lease for five years at theh College Mall near downtown. Along a stretch of the mall is a neighborhood of upper class homes. There are plans to open the store within weeks near the college and also a prime community. Business for Mike and Earl has been very promising and they are ready to make a move to the mall location. The Mall Developer has requested a floor plan from the owners.
The current store is in a two story home which does not have adequate space. The mall developer has requested that the store owners bring n plans for their layout as soon as possible. Therefore it is important to come up with a marketable floor plan that will allow College…...
mlaII. Strategy
Based on the store's physical characteristics and other factors, Mike and Earl have decided to address the problem head-on: make things as simple as possible. Here is a breakdown of each area of the store.
1. Storefront. The window display is always the first thing that potential customers see, and is the reason they stop becoming window-shoppers and become actual paying customers (Catriona Pollard, 2010). The storefront is narrow but ample enough to provide a good display
2. Products/Merchandise
The target store included various types of merchandise, such as electronics, music and video (DVDs and CDs), beauty products, clothing and shoes and automotive parts.
Additionally, the target stores also included a food department, mainly with non-perishable items. There are two main factors differentiating the target store from the Wal-Mart store previously analyzed, in terms of products. First of all, the Wal-Mart store did not have a food department, residing only on non-food items. On the other hand, the quality and especially the image of the products offered in the target store may be considered superior to that of Wal-Mart's. One of the relevant examples in this sense is the fact that the target store is relying consistently on brand strategy, signing important designers like Liz Lange, for example. With a solid discount component aimed at lower income categories, the store had the capacity to attract consumers from higher income…...
mlaBibliography
1. Wikipedia - the free encyclopedia at http://en.wikipedia.org/wiki/Target http://en.wikipedia.org/wiki/Wal-Martand
2. The Wal-Mart website at http://www.walmart.com/
3. The Target website at http://www.targetcorp.com/targetcorp_group/investor-relations/investor-relations.jhtml?url=http%3A//www.corporate-ir.net/ireye/ir_site.zhtml%3Fticker%3DTGT%26script%3D410%26item_id%3D751558
Systems for a etail Store
Nostalgic ecord Store Information Systems Proposal
Benefits and Drawbacks of Information Systems
Comparison of Cost and Benefits
Any new store will require a series of accounting, e-commerce, finance, customer relationship management (CM), pricing and services applications to ensure it stays profitable. When the products being sold are highly unique, as is the case with nostalgic music, the role of these systems becomes even more critical. It is the goal of this proposal to define five specific systems needed to operate the store profitably, in addition to listing the strengths and weaknesses of each. The five systems needed to successfully run the nostalgic record store include:
Small Business Accounting System
Low-end, preferably Software-as-a-Service (SaaS)-based CM system
E-Commerce Web Store
Transaction-oriented Point-Of-Sales System
Merchandise Inventory Management and Pricing Software System
Both the benefits and drawbacks of each of these systems are analyzed in this proposal.
Benefits and Drawbacks of Information Systems
Each of the five systems mentioned in…...
mlaReferences
Bernoff, J., & Li, C. (2008). Harnessing the power of the oh-so-social web. MIT Sloan Management Review, 49(3), 36-42.
Limbasan, A., & Rusu, L. (2011). Implementing SaaS solution for CRM. Informatica Economica, 15(2), 175-183.
Sarapovas, T., & Cvilikas, A. (2008). The evaluation of e-commerce impact on business efficiency. Baltic Journal of Management, 3(1), 71-91.
Wichmann, H. (1983). Accounting and marketing - key small business problems. Entrepreneurship Theory and Practice, 7(4), 19-19.
Chain of Retail Stores -- Project Management Case Study
Managing Project
Managing Budget
Managing Cost
Managing Project
Project management has become so refined over the course of its development that the implementation of a project based on a good project management foundation is actually more important than having any in-depth knowledge or expertise in any particular industry (Badiru & Adedeji, 2012).
he four most common compositions of teams are the purely functional project structure, the pure project organization, cross-functional team, or a hybrid or matrix team (Field & Keller, 1998). Furthermore, there are a wide array of outsourcing and project partnering opportunities that can further complicate the network structure (Cleland & Ireland, 2006).
Establishing a schedule is more than likely one of the most important critical success factors of any modern project (homsett, 2010). Many of the project management software solutions, such as Microsoft Project, can be a project manager's most important asset in managing and tracking…...
mlaThomsett, M. (2010). The Little black Book of Project Management. AMACOM.
Toan, A. (1968). Using Information to Mange. New York: New York Ronald Press.
Weygandt, J., Kimmel, P., & . Kieso, D. (2008). Tools for Business Decision Making. London: Wiley.
Human Resource Function a Retail Store Traditional stores experiencing a significant shift retail shopping. Customers specialization convenience making purchases.
The human resource function of a retail store
The human resource manager's function has changed considerably over the years. Once, HR was called the 'personnel department,' and its primary role was issuing paychecks and managing employee issues such as pensions, bonuses, and vacation time from a purely administrative perspective. Today, HR has many additional, important tasks, including deciding what employees to hire that embody the company's values; the nurturing of top talent, and dealing with interpersonal conflicts between employees. "The role of the HR manager, director, or executive must parallel the needs of his or her changing organization. Successful organizations are becoming more adaptive, resilient, quick to change direction and customer-centered. ithin this environment, the HR professional, who is considered necessary by managers and executives, is a strategic partner, an employee sponsor…...
mlaWorks Cited
Grayson, Kathryn. (2008). Best Buy employee site a model for big firms. Minnesota-St. Paul
Business Journal. Retrieved: http://www.bizjournals.com/twincities/stories/2008/05/05/story1.html?page=4
Heathfield, Susan. (2012). The new roles of the human resources professional. Retrieved:
http://humanresources.about.com/od/hrbasicsfaq/a/hr_role.htm
As a small location, the price per feet steadily the same at $45.00, our costs can go down. We don't really need an extravagant space in the first year of operations.
4) Extensive travel will be required during the first year in order to setup the connections in razil and establish the suppliers, as well as the designers with whom the company will be working.
5) the Internet will be required so as to best communicate with the suppliers in razil, as well as to track progress from advertising over the Internet.
6) the advertising budget will be high only during the first year, given one of the short-term objectives we have proposed: building the company brand. This sum is likely to cover the marketing campaigns we are proposing.
7) Estimated.
8) There is a 7.5% tax on corporate income in New York City.
The loss can be explained through the fact that this is…...
mlaBibliography
1. New York City, New York Statistics and Demographics. U.S. Census 2000. On the Internet at retrieved on December 9, 2007http://newyork.areaconnect.com/statistics.htm.Last
2. What New Yorkers Earn. On the Internet at retrieved on December 9, 2007http://nyjobsource.com/salaries.html.Last
market economy, consumer purchasing behavior is critical for the overall survival of business. Business exists for its customers. If a busy cannot successfully cater to its business constituents, it will ultimately fail. Society has seen numerous examples of businesses who failed to adapt to the changing needs of their customers. Kodak, RadioShack, Barnes and Noble, and Borders are just a few businesses that could not alter their product offerings in a timely and efficient manner. Retail is currently undergoing a similar transformation. The internet has created a paradigm shift as it relates to customer interaction and overall demand. Through the internet, consumers now have the power of choice and information. Information asymmetry was prevalent during the pioneering days of retail where consumers did not have access to all of the competitor's prices. Now, through the internet consumers are on an even playing field, with access to pricing and product…...
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 the opinion of Heller, the incoming management team possesses some radical new ideas. This can be gleaned from the background (as highlighted earlier on in this text) of some of the key executives who have joined J.C. Penney in recent times. I am also convinced that J.C. Penney's new logo will give the company a brand identity that is largely unique. The same in my opinion could in addition to having the effect of repositioning J.C. Penney's brand in its…...
mlaWorks Cited
Heller, Laura. "Why J.C. Penney Will Be the Most Interesting Retailer of 2012." Forbes. N.p., 26th January 2012. Web. 3rd April 2012.
Hitt, Michael a., R. Duane Ireland and Robert E. Hoskisson. Strategic Management: Competitiveness & Globalization. 3rd ed. Mason, OH: Cengage Learning, 2010. Print.
Mattioli, Dana and Russell Adams. "Martha's Deal Miffs Macy's: Sale of Stewart Stake to Penney Leads Rival to Review Changes to Its Stores' Line." The Wall Street Journal. N.p., 8th December 2011. Web. 4th April 2012.
Yahoo Finance. "J.C. Penney Company, Inc. (JCP) -- NYSE." Yahoo Finance. N.p., 3rd April 2012. Web. 3rd April 2012.
Retail Sales
In 1962 Sam Walton opened his first store in Rogers, Arkansas. y the year 2000, Wal-Mart had been named "Retailer of the Century." It is the world's largest retail store with $244.5 billion in sales last year (Walmart website, 2005). It is natural to ask, how did Sam Walton do that? He started with a vision of a store that would feature competitive prices, the best prices anywhere. That, combined with generic products (cheaper still), additional services such as pharmacy, groceries, hair dressing, optometrist, and auto maintenance, promotional display of products, and advertising have made Wal-Mart very popular indeed with the buying public. People complain that they go to Wal-Mart for one or two items and come out with a whole basketful of bargains they "just couldn't resist."
Not all retail shops can have the lowest prices in town, of course, nor would this be desirable. Many small retailers have…...
mlaBibliography
"About Retail Industry," / 'The Motivation Show," http://www.motivationshiw.com/article114http://retailindustry.about.com
'Walmart at a Glance," http://wwp.greenwichmeantime.com/time-zone/usa/new-york/monroe/larkin/walmart
etail Sales Management
Executive Summery: PC World is a huge UK retailer that is ever expanding into the technology marketplace. From PC's to washing machines, they offer a one-stop shop for everything technology related. With an appealing advertising system that attracts the middle class Englishman, it is no wonder that their business continues to grow.
PC World is a retailer within the Dixons etail businesses. The stores are located in the United Kingdom and it is the largest chain of computer retail stores in the UK and Ireland with a total of 163 stores. This report will review the overall retail sales management of PC World and how the store's overall strategy allowed for its wide expansion.
Background on Sector: PC World is a retail computer store that specializes in selling computers and computer-related technology. They also carry printers, ink, accessories, games, as well as entertainment technology including televisions, DVD players, cameras,…...
mlaReferences
Fiveash, Kelly (2007). "PC superstore unhinged by Linux."
PC World Ireland
PC World UK
Thomas, Dan (2006). "Dixons owner signs 120m outsourcing deal with Capita."
retail environment discloses a place for the retail business and the retailers to have the ability to interconnect real-time in order to modernize transactions and re-stocking. Walmart is one of those businesses that is heading towards a technologically progressive direction with adio Frequency Identification (FID). Any machine or person with equipment to read these tags can read from more than a few meters away. In the situation of a retail store, the point that anything from inventory that was purchased by a customer, could be read by the FID tag, and then subtracted from inventory helps keep things in Walmart organized and flowing. Additionally, when the catalogue reaches a predetermined quantity-on-hand - it gets reordered to maintain adequate stock for the stores.
Cross (2007), discusses in an article the effectiveness of such operations. "Benefits of VoiceLogistics together with U.S. Foodservice Inc.'s annual business strategy incorporate five goals including growth on…...
mlaReferences
Cross, C. (2007). Everything but the kitchen. Industrial Engineer, Norcross, 39(4), 32.
Eom, J., & Lee, T. (2010). Accurate tag estimation for dynamic framed-slotted ALOHA in RFID systems. Communications Letters, IEEE, 14(1), 60 -- 62.
Li, T. (2011). The Implementation of the Integrated Operation of the Supply Chain Logistics Services in Low-Carbon Economy. ICTE, 2449.
etail
There are two element to handling this situation, the immediate and the short-run. The immediate issue is that the argument needs to be stopped. It is not acceptable to argue in front of the customers, nor is it acceptable to argue with shouting and wild gestures. This is self-evident. As manager, I have the highest formal authority and will use that to end the current conflict.
The next step is the short-run conflict resolution. It is best not to deal with this while the two are still angry, but wait through a cooling-off period first (Drew, 2002). Conflict in the workplace can have significant costs -- an estimated $359 billion to the U.S. In lost work hours alone. So ongoing conflict is not acceptable. In this instance, I would have to know what the contract status of these employees is -- at least will may need to be removed from the…...
mlaReferences
Drew, N. (2002). Six steps for resolving conflicts. Learning Peace. Retrieved November 20, 2014 from http://www.learningpeace.com/pages/LP_04.htm
Eisenhardt, K., Kahwajy, J. & Bourgeois, L. (1997). How management teams can have a good fight. Harvard Business Review. Retrieved November 20, 2014 from https://hbr.org/1997/07/how-management-teams-can-have-a-good-fight
Haraway, D. & Haraway, W. (2005). Analysis of the Effect of Conflict-Management and Resolution Training on Employee Stress at a Healthcare Organization. Hospital Topics. Vol. 83 (4) 11-17.
Lawler, J. (2010). The real cost of workplace conflict. Entrepreneur. Retrieved November 20, 2014 from http://www.entrepreneur.com/article/207196
Retail Supply Chain Analysis
Company X is a well-established online retailer based in Great Britain. It sells a variety of food and non-food related products and delivers them to the consumer's doorstep. In an era in which consumers are increasingly turning to online retailing as a convenient way to shop and "add more hours to the day," a number of online retailers are becoming even more aggressive in the UK market, thus infringing on Company X's profits. Company X's Board, upper Management, and stakeholders are concerned about the future strategic direction of the company, specifically holding on and growing market share. To that end, the Managing Directory and strategic planning departments believe that Company X should expand from the online only model to at least 20 new brick and mortar sites in major cities (London, Birmingham, Manchester, and Liverpool).
Positioning Strategies - Currently, Company X is considered to be "middle market" range.…...
mlaWorks Cited
Birkin, M & Clarke, G, CM 2002, Retail Geography and Intelligent Network Planning, John Wiley, West Sussex.
British Retail Consortium 2007, BRC Yearbook, TSO Publishers, Norwich.
Enders, A & Jelassi, T 2000, 'The converging business models of Internet and bricks-and-mortar retailers', European Management Journal, vol 18, no. 5, pp. 542-50.
Investopdia 2011, The Industry Handbook: The Retailing Industry, viewed July 2011,
The basic explanation for this is that they rely on always offering the lowest prices, which makes them cut back on other costs. However, the future might bring about more pretentious and harder to satisfy customers and strategies will then have to be developed.
3. Internet etailing
The best selling strategy is that of combining multiple channels. This is similar to the financial sector, where the investor is advised to diversify his portfolio in order to reduce risks and maximize its chances of income. In the retailing business therefore, the company should use multiple channels to get their product to the end consumer. A basic explanation as to why numerous internet only purchase stores have failed where multi-channel companies have succeeded could reside in that the multiple-channel companies offer the audience the chance to directly see the product before buying it. In other words, an interested potential buyer can go to…...
mlaReferences
Beal, B., Getting Loyalty Programs Right, CRM News, July 14, 2004, accessed on May 15, 2008http://searchcrm.techtarget.com/news/article/0,289142,sid11_gci992695,00.htmllast
Liebeck, L., 1996, Private Label Goes Premium - Private Label Product Sales at Supermarkets, Drug Stores and Discount Stores - Cover Story, Drug Store News, November 4, 1996
Liebeck, L., Private Label Goes Premium..., Drug Store News, November 4, 1996
Beal, B., Getting Loyalty Programs Right, CRM News, July 14, 2004
1. "Self-checkout Technology: Revolutionizing the Retail Experience"
2. "The Pros and Cons of Self-Checkout Systems in Retail Stores"
3. "Efficiency and Convenience: Exploring the Benefits of Self-Checkout"
4. "Overcoming Challenges: Implementing Self-Checkout Effectively"
5. "Customer Empowerment and Independence: The Role of Self-Checkout"
6. "Improving Customer Experience through Self-Checkout Innovation"
7. "The Impact of Self-Checkout on Employment and Labor Market"
8. "Security and Privacy Concerns in Self-Checkout Systems"
9. "Promoting Sustainable Practices: Environmental Benefits of Self-Checkout"
10. "The Future of Retail: Self-Checkout and Technological Advances"
11. "Navigating the Self-Checkout Experience: Tips and Tricks for Success"
12. "Self-Checkout vs Traditional Checkout: A Comparative Analysis"
13. "The Psychology Behind Self-Checkout: Understanding Consumer Behavior"
14. "The Evolution....
## Crafting a Debatable My First Job: A Transformative Experience in Personal Development Thesis Statement
Introduction
Crafting a debatable thesis statement for your My First Job: A Transformative Experience in Personal Development essay is essential to engage readers and demonstrate your critical thinking skills. A debatable thesis statement presents a clear argument that can be supported by evidence while also acknowledging opposing viewpoints. Here are some tips to help you craft a strong and debatable thesis statement:
1. Identify a Specific Aspect of Personal Development
Your thesis statement should focus on a specific aspect of personal development that you believe was transformed by your....
1. Retail/food service: Working in retail stores or restaurants is a popular option for students looking for part-time work. Jobs in these industries are often flexible and can provide experience in customer service and sales.
2. Tutoring: Many students offer tutoring services in subjects they excel in, such as math, science, or language. This can be a rewarding job that allows students to help others while earning money.
3. Babysitting or pet sitting: Taking care of children or pets can be a flexible and well-paying job for students. Many families are in need of reliable and trustworthy individuals to watch their loved....
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