...Witness and store own to Watts Riots Aug. 13, 1965 I am fearful of the riots that have been growing now for a couple of days. They are getting more violent and have heard that they are looting stores. I am more afraid that they may try and get into my store and take everything. There are signs that there was some looting already on this street. There are many youths, standing on the streets still littered with broken glass and debris from the previous night’s melee. The crowd stared unsuspectingly at me whenever I come out of my store to gauge how things are. Around 4 pm a car had stopped in the street, blocking traffic after being hit repeatedly by rocks and bricks. A police car raced down the street by my store, rounding up three youths. A car drove by a short time later driven by a white man and I heard someone yelled out, “It’s a white man, get him.” A barrage of bricks and rocks struck the car, knocking out windows and leaving ugly dents. The driver lowered his head from sight and accelerated. Thank goodness he was able to get away. Aug. 14 1965 Today is not looking any better than it did yesterday. More and more people are loitering in the streets. I went to go outside and heard remarks that maybe they should start looting the stores. Well I rushed back inside and locked up. I had a gun under the register that I got out so I could scare of anyone who tried to break in. A short time later, a group of about 20 young men started to approach my store. They stared...
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...Kapil Balkaran Professor Matthew Mecs MDM 615 SEL March 31, 2013 Television's Downfall? Television has been an important source of media in our culture, before television there was radio, and before that there was print. Today, as technology continues to advance, so does the way that we obtain our media. Computers are now another window that viewers add to their media consumption habits. Access to the internet allows a virtually limitless source of entertainment. Movies, which once could only be seen in theaters eventually became available in the home through VHS and ultimately through BluRay. Brick and mortar stores like Blockbuster had immense success offering consumers the ability to rent movies upon release; but today these retail stores are close to extinct. Newsprint and radio are becoming dying forms of media, and the successful brands will prove to be the ones that are able to adapt through an online market. A study done by the Pew Research Center found that “more people continue to cite the internet than newspapers as their main source of news, reflecting both the growth of the internet, and the gradual decline in newspaper readership (from 34% in 2007 to 31% now)” (Pew, 2011). While television still seems to remain a powerful medium, there is no doubt however that it's viewership is at risk of more and more decline as companies like Netflix and Hulu become more dominant (Goodman, 2013). Websites like Netflix and Hulu are changing the way people watch their...
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...MKTG 650: Strategic Marketing Management– Section E1 | Team Marketing Plan | for GameStop Box | GameStop Corp, a publicly traded company (NYSE: GME) based in Grapevine, Texas, is ranked number 255 on the Fortune 500 list of publicly traded companies. As the world’s largest retailer of video game and entertainment software, GameStop boasts 6,500 retail stores worldwide and also operates the popular websites GameStop.com and EBgames.com. Moreover, GameStop publishes a critically acclaimed monthly, Game Informer, a magazine that covers the entire gaming industry. This marketing plan presents the results of our situational, marketing and financing analysis and presents the strategies to be employed to implement a new product offering - a video and computer game rental kiosk, referred to as the GameStop Box. | | 7/29/2011 | Table of Contents 1.0 Executive Summary 3 2.0 Situation Analysis 4 2.1 Mission 4 2.2 Product or Service Description 4 2.3 Value Proposition 5 2.4 SWOT 5 2.5 Critical Issues 6 3.0 Market Analysis 7 3.1 Macro Environment 7 3.2 Market Size and Growth 8 3.3 Market Trends 8 3.4 Target Market Analysis 9 3.5 Customer/Consumer Analysis 9 3.6 Needs Analysis 9 3.7 Competitive Analysis 10 3.7.1 Direct Competitors 10 3.7.2 Indirect Competition 11 4.0 STRATEGY 11 4.1 MARKETING OBJECTIVES 11 4.2 FINANCIAL OBJECTIVES 12 4.3 SEGMENTS AND TARGET SEGMENTS WITH NEEDS OUTLINED 12 4.4 POSITIONING STRATEGY 12 4.5 PRODUCT...
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...The current and future of Shopping Malls and Big Box Retail Stores Michele A. Guinn Northeastern State University Abstract Shopping malls and big box stores appear to be less plentiful than they were twenty years ago. Is this a result of e-commerce or a confluence of consolidation? Each of these issues affects consumers and the way we go about our daily shopping activates. We are a society that follows trends, and the mall trend may be changing or just disappearing. This paper will cover were malls came from, where they are now, and what is foretold about the future of shopping malls and big box retailers. The current and future of Shopping Malls and Big Box Retail Stores Growing up, malls were a place to spend the day with family and friends while grabbing a bite to eat after getting a new haircut and then off to the arcade to spend a weekly allowance. Today over 400 malls have closed in the U.S. since 2007 and there is even a website devoted to “dead malls” that are out of commission. Big Box retail stores that provide consumers with the combination food/discount stores are not doomed but big box retailers that are “category killers” (toys, electronics, office equipment) are struggling from the effects of technology. Retailers with a smaller footprint will have an upper hand over the next 10 years as big box retailers need to figure out how to take advantage of this trend that is driven by technology, economic conditions, and overall customer wants and needs. Shopping...
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...SUPPLY CHAIN MANAGEMENT Supply Chain Management University of Maryland University College ITEC610 Section 1142 Semester 0809 Abstract This paper defines the concept of technology in Supply Chain Management used to promote planning, analyze and account for the operations of a supply chain business with the goal being increased profits as well as a satisfied clients. This paper will discuss how to accomplish the benefits of cost, and profits through the use of a Supply Chain Management system. A thorough examination between buyers and sellers, along with the supply chain will be evaluated. This paper will investigate and analyze the ways in which the inventory management at Wal-Mart helps in its business processes. This paper will also look into the characteristics of supply chain management, including risk-management, inventory strategies and decision-making, and customer relationship aspects. Finally, it will look at the importance of sharing data by utilizing information systems. Supply chain is a network of retailers, distributors, transporters, storage facilities and suppliers that participate in the production, delivery and sale of a product to the consumer (Kietzman, 2008). Every effort involved in producing and delivering is looked at in supply chain, from the final product supplier's supplier to the customer's customer. A Business depends on supply chain to provide them with what they need in order...
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...day, the day faithful music fans stopped by their favorite record store to buy something they’d been waiting for weeks to hear or to discover something they hadn’t heard. Back then, record stores were the best places to hear new music and mingle with other music fans. “Record stores used to be neighborhood hangouts,” said Corky Carrel, who co-owns an online record store based near Kansas City. “They were like bars without liquor. You’d go in and browse and talk about music.” Tuesdays aren’t the only days that aren’t what they used to be—for record stores or their customers. Like so many industries caught between two seismic sea changes—- the Internet revolution and the great recession—- stores that sell new music are in a fight for their lives. The chains are dying, independent stores are closing, and the record labels that feed them merchandise are running out of ways to make money. The stores that are surviving are performing balancing acts. Most rely heavily on the pre-owned—“used”—business: Buy it cheap, sell it cheap. Some have turned to niche marketing, selling new CDs to one or two refined segments of the music world. Others rely on a combination of the two: Sell CDs and vinyl, new and used, to a defined demographic. And others have been helped by the recent revival of what was once considered a relic, the vinyl record. Steve Wilson remembers the good days, back when record stores offered surprises and mysteries and employed people who had strong...
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...With total revenue and comp sales down again in the first quarter of 2010, Borders Group's two top executives discussed way to improve the chain's profitability (loss in the quarter was reduced to .1 million, from .0 million) and its digital strategy, in a conference call last Thursday. CFO Mark Bierley said Borders will look to maximize the profitability of its stores by "aggressively" pursuing lease buyouts of underperforming outlets; it had 680 stores at the end of the first quarter. Borders will also implement new measures to cut shrinkage and explore ways to increase the efficiency of its supply chain, including shipping more product directly to stores. [Show less] You have requested "on-the-fly" machine translation of selected content from our databases. This functionality is provided solely for your convenience and is in no way intended to replace human translation. Show full disclaimer Neither ProQuest nor its licensors make any representations or warranties with respect to the translations. The translations are automatically generated "AS IS" and "AS AVAILABLE" and are not retained in our systems. PROQUEST AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Your use of the translations is subject to all use restrictions contained in your Electronic Products License Agreement...
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...AARONG – THE BRAND STORY The Beginning Aarong started with a clear ‘Purpose’, a purpose that emanated from BRAC’s core vision of alleviating poverty and empowering people towards a better future. BRAC started its operations soon after the liberation war, on resettling and rehabilitating refugees returning from India. Later, in 1976, BRAC began training women in sericulture in Manikganj and Ayesha Abed, who worked at BRAC, initiated many of the major activities of Aarong by identifying and experimenting with various crafts that women could produce at home. At that time there were only a few buyers who were scattered across Dhaka. Weeks, even months, would pass before the women would get their payment. The idea of Aarong was born out of a need to ensure that the women silk rearers, embroiderers and block printers of Manikganj were paid for their goods upfront, so that they could feed their families. When BRAC decided to open its own retail outlet under the brand name Aarong, meaning ‘village fair’, it broadened its arms to include other artisans and master craftsmen throughout Bangladesh who were involved in the making of handicrafts for generations, and were finding it extremely difficult to survive in the newly formed country. Bangladesh has a long history of folk art and crafts but in general art and crafts were infrequently marketed as a meaningful enterprise for the poor. In the 1970s, BRAC was examining any and all possibilities for alternative forms of productive...
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...Introduction I- Presentation of the E-Banking . . . . . . . . . . . . . . . . . . . . . . . . . . . p.4 A- The definition of the E-Banking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.4 B- The launch of the E-Banking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.5 C- Bank online and traditional Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.5 II- The advantages of the E-Banking. . . . . . . . . . . . . . . . . . . . . . . . p.7 III- Opportunities and future prospects. . . . . . . . . . . . . . . . . . . . . p.11 A- Bank and social network. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .p.11 B- Bank and mailing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.12 C- The arrival of the video banking. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.12 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.15 Bibliography. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p.16 INTRODUCTION For this final assignment I have chosen to take the topic of the E-Banking because it represents what is the E-business for the bank in general. Thanks to the advent of the news technologies these last years, our lives are became very different...
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...Rethinking the Networked Economy: The True Forces Driving the Digital Marketplace. By Stan Liebowitz Professor of Economics University of Texas at Dallas 2/3/2002 Chapter 1 Introduction .............................................................................................. 1 A. What you will find in later chapters............................................................ 3 Chapter 2: Basic Economics of the Internet.............................................................. 9 A. How the Internet creates value.................................................................... 9 B. Special Economics of the Internet, or maybe not so special..................... 13 i. Network effects......................................................................................... 13 ii. Economies of Scale................................................................................... 15 iii. Winner take all.......................................................................................... 17 C. How the Internet Alters the likelihood of Winner-take-all....................... 20 Chapter 3: Racing to be first: Faddish and Foolish ................................................. 25 A. From Winner-take-all to First-Mover-Wins ............................................. 26 B. The Concept of Lock-In............................................................................ 32 i. Strong Lock-In ...................................................................
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...The advent of the internet has had a profound effect on countless aspects of our lives. Since the internet’s commercialization and availability to the general public in 1995, its impact and influence on our culture and commerce has been immeasurable. Nearly every industry has been affected to some extent or another by the widespread use of the internet. The entertainment industry has received seemingly endless media coverage pertaining to the industry’s adaptation, or lack of adaptation, to the new age of the internet. The entertainment industry (also informally known as show business or show biz) is a broad term for the industry of providing entertainment, which includes the sub-industries of radio, television, film, music, and theatre. This industry has gone through an enormous transformation since the internet’s inception in 1995. The internet continues to pose many challenges and opportunities to the industry. This paper will examine the impact, both positive and negative, that the internet has on the entertainment industry. Media coverage indicates that, among the entertainment industry, the film and music industries have been most affected by the World Wide Web. However, the other forms of the entertainment world have, albeit to a lesser extent, been affected as well. The least affected area of show business is theatre. The very nature of theatre is to view a performance live and in-person. There are websites, such as Arte Live Web, that do broadcast live theatre...
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...Integrated Company Analysis December Integrated Company Analysis15, 2010 December, 15 2010 Scott Meyer Scott Meyer Angela Faloye Anjali Krishnan Nathan Schaff Matt Reuer Scott Meyer 26 Table of Contents Introduction .............................................................................................................................................................. 3 Executive Summary ................................................................................................................................................. 3 Marketing Analysis ............................................................................................................................................. 3 - 7 Competitive Analysis and Positioning ................................................................................................................... 3 Target Segments ..................................................................................................................................................... 4 Product ................................................................................................................................................................... 5 Price ....................................................................................................................................................................... 5 Marketing Communications ...............................................................................
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...Week 5 Learning Team; Conduct Research Part I, II, and III RES/351 April 22, 2013 Week 5 Learning Team; Conduct Research Part I, II, and III Introduction Best Buy is one of America’s most recognized stores, but may be the last in a dying breed of brick and mortar electronic retailers. Technology is the product which Best Buy built its products on (smart phones, tablets, laptops, computers, navigation systems, automobile sound systems, large screen televisions, wireless connections), but may also be one of the reasons the company is restructuring. “Best Buy Co., Inc. today confirmed that it has, as part of its Renew Blue transformation efforts, eliminated approximately $150 million in costs, including an approximate 400 person reduction in employee headcount at its headquarters” (VonWalter, 2013). One measure of the restructuring effort is to research the Best Buy client base to determine what is working well, and what could be improved upon. Research Problem and Purpose The purpose of this paper is not to answer the best practices for a Best Buy restructure, but to facilitate an approach to understating a demographic of Best Buys’ customer base.. The portable communications industry (laptops, tablets, smart phones) infiltrated business communities and societies around the globe in the 1990s. The technological advances associated with these devices have affected almost every aspect of daily life; social media, news media, entertainment...
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...the nation’s largest pet supply specialty retailers, boasts over 950 stores nationwide. Its pet-related products include food, supplies, grooming supplies, toys, novelty items, vitamins, small pets (excluding cats and dogs), and veterinary supplies. Petco aims to offer its customers a complete assortment of pet-related products and services at competitive prices along with superior customer service on location and through its company website. While Petco is one of the largest pet stores in the country today, it began as a much more specialized business. Walter Evan founded the company in 1965 under the name United Pharmacal Co (UPCO) as a mail-order veterinary-supply store. In 1976 UPCO opened its first bricks and mortar retail store in La Mesa, CA—selling quality pet and veterinary supplies at discounted prices directly to animal professionals and the public. In 1979 UPCO became Petco. Today, the company’s vision is to promote the well-being of companion animals and to support the human–animal bond. Today the company aims is to provide a broad array of premium products, companion animals, and services along with a fun and exciting shopping experience with the help of its 22,000 employees. Petco stores offer a broad merchandise selection, convenient locations, and knowledgeable customer service. Petco believes this combination makes its stores stand out and provides a competitive advantage. The principal store format is a 12,000 to 15,000 square foot building, located near local...
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...ABSTRACT This paper examines the phenomenon of the Internet and its effect on consumer marketing of the Daily Deal/ Internet Coupon Industry. ABSTRACT This paper examines the phenomenon of the Internet and its effect on consumer marketing of the Daily Deal/ Internet Coupon Industry. The Effects of the Internet on the Daily Deals Industry Groupon The Effects of the Internet on the Daily Deals Industry Groupon ABSTRACT This study examines the role of the Internet, and as a result – the impact of the Internet (or world wide web) on the Internet and Catalog Industry, specifically, the Daily Deals market. As a result of a revolutionary trend in couponing, savings, and daily deals, the Internet and Catalog Industry have experienced substantial growth and popularity amongst consumers. Nonetheless, there has been a substantial decrease in growth for vendors in the industry due to increases in competition and consumer demand. Companies such as Groupon and Livingsocial, amongst the many currently competing in the industry, have not only created a niche industry, but have also transformed the couponing, savings, and daily deals market. Groupon is a key player in the industry and via an in-depth analysis, can provide ample representation of the industry as a whole. The trend for online daily deal and consumer savings market generated consumer interest, propelled local business marketing and profits, and stimulated consumer spending. To explore the role of...
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