Overall strategy controllable variables

Assignment Help Operation Management
Reference no: EM131124352

Traditional Department Store A traditional department store chain is facing greater competition from full-line discount stores, specialty stores, and Web-based retailers. This firm is especially concerned about the heightened vulnerability of its furniture department to competition from a variety of formats. It is worried about the effects of the low prices and immediate availability of goods at stores like Ikea, as well as the availability of in-home decorator services at independently-owned home furnishing stores.

The chain’s furniture is displayed in room settings. This format better enables shoppers to conceptualize what the furniture will look like in their homes. It also results in the sale of accessories such as lamps, paintings, and throw pillows.

Much of the chain’s furniture is moderately priced, well-designed, and available in a variety of fabrics and finishes. The chain relies on well-known manufacturers with excellent reputations for product quality, as well as delivery time commitments. Unlike many discounters, all of the chain’s furniture is available in a variety of sizes, fabrics, and finishes. Also, unlike Ikea or category killers such as Bed Bath and Beyond, the firm does not sell low-quality “ready-to-assemble” furniture.

To reduce price competition, the department store chain typically requires its suppliers to sell it exclusive merchandise. This often consists of a selection of unique fabrics, finishes, leg designs, and even sizes. In other cases, the firm requires that its vendors assign unique model numbers to its goods. Thus, a customer seeing a sofa in a department store would either be unable to purchase a comparable item at a lower price or have a difficult time locating the good.

The chain’s employees come from a variety of backgrounds. Some of its staff have either significant experience as interior decorators or have a flair for decorating. While others may be excellent salespeople, they have much less knowledge of fabrics and are less comfortable developing room arrangements or selecting coordinating or contrasting fabrics.

Although many specialty stores offer in-home interior decorating assistance, Web-based merchants and discounters do not provide this service. While the fee for these services vary, many specialty stores charge a fee of $100 to $200 per visit to confirm that the merchandise ordered is appropriate for one’s home. This fee may be waived if a purchase exceeds a given level (such as $2,500). The department store chain offers only in-storebased services (such as confirming that the sofa is the proper color based on viewing a fabric sample of a chair that the client owns).

Complete The Overall Strategy for the particular organization:

Overall Strategy Controllable variables

· Location strategy

Uncontrollable variables

· Technological environment

· Legal environment

Overall Strategy. Overall, this section should provide detailed insight and description as to how the organization is going to reach its objectives. Controllable variables and strategic actions for the retailer should be detailed. Consider what opportunities among the 4P’s that the retailer can capitalize on to grow its business. Provide substantial detail to support your strategic recommendations. Uncontrollable variables should be analyzed for their potential impact on the retailer’s business decisions. Recommendations as to how the retailer can address uncontrollable variables are crucial.

Reference no: EM131124352

Research firm to do both qualitative-quantitative researh

You have been assigned to contract with an outside research firm to do both qualitative and quantitative research project for your company. Describe the criteria that you woul

Company prefer an ethics compliance program

Would a company prefer an ethics compliance program based on John Stuart Mill’s Utilitarian approach or Immanuel Kant’s Deontologic approach. Define each, and describe which i

Adherence to principles of internal and external validity

You have been given the responsibility of supervising 12 MBA summer interns, hired specifically to conduct internal research for your company. You are concerned that they do n

Sole proprietorship-general partnership-limited partnership

Company and contrast the following forms of business organization: sole proprietorship, general partnership, limited partnership, limited liability company, and corporation as

What sequence should joe schedule the cars

Joe has now been released from his government job. Based on his excellent performance, he was able to land a job as production scheduler in a brand-new custom refinishing auto

Employees self-directed learning abilities

How does job rotation affect employees’ self-directed learning abilities? what else organizations should do to enhance the self-learning capabilities of workforce and keep the

Family physicians recommend chemotherapy treatment

A child has cancer. The family physicians recommend chemotherapy treatment as the only possible cure. The mother and father refuse the treatment and say they are going to take

Payoff matrix-provide conservative-min-max regret decisions

A purchasing manager is determining the quantity of items to purchase of a product family for the upcoming summer season. There are 4 demand scenarios: 100k, 150k, 200k, or 25

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd