...very high among Japanese consumers. “Toshifumi Suzuki, Chairman and CEO of Seven & I Holding” Established in 1974 as a small licensee of 7-Eleven, Inc., Seven-Eleven Japan grew to become the leading convenience store in Japan by 2005 in terms of operating income and number of stores. They emphasize on fresh merchandise, innovative inventory management techniques, and numerous technological improvements. They growth had been very carefully planned, taking advantage of the core strengths that they had developed in the areas of information and distribution systems focusing on the convenience retail business as an operating company, devoted to responding to changes in expectations and demands from customers without deferring delivery. Seven-Eleven Japan stores differ totally from the U.S. in that it served as a convenient food center for busy professionals displaying an array of inexpensive, high quality food deliver daily. Seven-Eleven Japan has been able to put into practice a system name Tanpin Kanri as the core of their management framework. Tanpin Kanri is a marketing administration exercise dedicated on filling buyer demand through a store-by-store approach to shelf management that uses store-level human understanding and information sharing about products, for the purpose of well knowing how certain surroundings affect demand on a product-by-product basis, and then tracing a cycle of product gaining and delivery that suits the demand. It empowers retail clerks...
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...system for a society is based upon the necessary core principles that fulfill the needs of said society. The three major systems are communism, socialism, and capitalism. So let’s answer three questions about economics and its systems. Which economic system is best suited for handling a crisis of epic proportions and why? Why might a socialist system be the best in responding to the needs of people struck by an emergency situation? Why is the cost to heat our homes and businesses higher in the winter season? Socialism is arguably the best suited economic system for handling a crisis of epic proportions such as a hurricane, flood, blizzard, etc. Socialism can be defined as an economic system consisting of socially owned production used for the needs of the society’s citizens and does not include generating profits. It is true that all economic systems have their strengths and weakness relating to the current crisis in occurrence. But socialism is best suited for a crisis mainly because it entails both government planning and government ownership of capital resources. With this basis, a socialist economy can act quickly to respond and offer government assistance to the public affected by an epic crisis. Non-profit organizations such as The American Red Cross and the government owned...
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...JIT2 Task (A) Risk Management Register: Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* | Macroeconomics Risks | Economic downturn could pose risk to sales development. | Accounting Team/Sales Team | Poor economy, not enough jobs, people not purchasing as much | High | High | Low | Consumer Demand Risks | Not being able to respond to consumer wants/demands quickly enough, leading to short-term revenue loss | Marketing Team | Consumer interests change, other companies offer newer/better product | Medium | Medium | Medium | Industry Consolidation Risks (bargaining power) | Decreased bargaining power, price wars, inflated discounts, limited space within retailers | Sourcing, Pricing, Marketing and General Counsel Legal Teams | Market consolidation and strategic alliances | High | Medium | Medium | Political and Regulatory Risks | Trade policies | Government Relations Team/General Counsel Legal Team | Restrictions on importing and tariffs that disrupt free flow of goods | Medium | Medium | Low | Legal Risks | Patents and third-party trademark infringement- must be careful not to raise concern for risk when creating and marketing new products | General Counsel Legal Team | Many competitors in same business marketing similar products | Low | Medium | High | Product Counterfeiting and Imitation Risks | Other vendors stealing logos and designs and portraying their imitation products as original | Product Branding...
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... If we look back at the 2010 earthquake that took place in Haiti, the socialist system would be the best by using the socialist system, responding to the needs of the residents who were struck by this devastating earthquake, no matter what, everyone would get the proper aid and support that is needed. Fortunately, for the residents struck by the 2010 earthquake in Haiti, a socialist system was used. This was an immense help for the residents and also the country of Haiti. By using the socialist system, the residents of Haiti were able to receive the proper supplies equally; no one person got more than the next. By doing this, it ensured that all residents of Haiti were treated equally and no one person was more important than another. As this would of probably have caused more issues then the ones that were already upon the residents. It also allowed the government to do its job effectively and efficiently. By letting each individual or family get the resources it needed as quickly as possible. Some of the treatments the Haitians received were; food, clothing, shelter, and for those who needed it, financial help. The Law of supply and demand is as follows: “ If there is a low supply and a high demand, the price will be high. The greater the supply and the lower the demand, the lower the price.” (Invesopeida, 2014) Us as the consumer want to pay the least amount of money for heat during the winter and the heating companies want to make the prices for heat...
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...GRENOBLE GRADUATE SCHOOL OF BUSINESS MSc Finance 4, London 08 Fall Strategic Performance Control Dr Vassili JOANNIDES Kelly Goncalves, ID: 102178 May, 1st 2011 Table of Contents Table of Contents 2 INTRODUCTION 3 I - Critical Strategic Issues in Sainsbury’ s business landscape 3 1 - Background about the company 3 2 - Strategic issues in the Retailer and Consumer Landscape 3 Consumer Market landscape 3 Digital Technology 3 Distribution channel 3 II – Strategic performance control system 3 1 – An integrated risk management approach combined with the Balanced Scorecard 3 Linking risk to tactical plan and strategies 3 Rapid responsiveness toward changing consumer landscape 3 Digital Technology 3 CONCLUSION 3 References 3 INTRODUCTION As the consumer industry landscape increasingly evolves complex, it is crucial for an organization’s ability to manage risk while effectively predicting and responding to changes in key strategic factors for long-term success. Globalization, changes in consumer’s spending habits, rapid advances in media and technology and other factors force today’s business environment into a state of constant evolution. While it is fundamental for organizations to identify their most significant strategic issues, it is equally important to design and implement efficient strategic performance control system towards desired strategies. This paper is aiming to demonstrate the relevance of linking strategic issues...
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...Meindl, P. 2013 P1). In order to meet customer demands efficiently management use strategic initiatives. These strategic initiative have a common goal which is to achieve long term competitive leverage but with each initiative having a different focus to attain that goal. The following are the strategic initiatives: EFFICIENT CONSUMER RESPONSE (ECR) ECR dates from as far back as the early 1990s when it was started; it was mainly designed to have an efficient response to the demand of consumers for grocery products. The main focus of improvement for ECR is on demand, supply, enabling technology and integration. All the parties involved in the supply chain follow the ECR initiative to analyze the market so as to understand the consumer demands and eventually come up with the most effective way to respond to these demands. Furthermore, the supply management monitor stocks and work at coming up with the most responsive method of replenishment. JIT/LEAN SYSTEM JIT was originally called Toyota Production System and it is associated with Japanese management techniques. JIT aims at eliminating waste by brining a product when is needed to satisfy a need. With JIT organizations aim at keeping little or no inventory except for what is required to satisfy a need. Lean is a westernized version of JIT as it aims at measuring and reducing inventory and streamlining production. AGILE OPERATIONS Agile operations are concerned with responding to the uncertainties in the market. Globolisation...
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...There are many different ways to reach out to the consumer to make sure you have a positive impact to bring people back. What are ways to reach out? Social Networks, writing letters, posting ads, and even having an online website can help your company be ahead of the companies that are more closed minded. Just one negative thing can make a customer feel disappointed. One way to tell how sufficient you are is to monitor what customers say and how they react to certain situations. If you investigate data that you require from your customer it will be able to tell you key points that can keep them coming back. Also, watch for patterns so you can see when certain orders are made. Gathering this information can also help you evaluate the performance of the organization. “Conduct a customer satisfaction survey and you will make your customers feels valued. You will also gain valuable insights. But don't ask for feedback if you are not prepared to make changes. When you do make improvements, tell your customers what you have done as a result of their feedback” (McCulloch, M. 2013). In order to show your importance to your customer you must consider in taking a look within your own organization. Do you practice what you preach? Do you have equal rights? Is your organization diverse? The company has to take into account what is the first thing the customer will see when they visit your company. How will your consumer visit, will...
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...became a supplier to a number of gourmet groceries throughout the Midwestern United State by 1998 ,the Company had built a loyal regional following .Responding to Customer demand ,the company raised consumer awareness through several promotional programs using coupons ,magazine advertisement ,and in-store demonstrations. Product Development process: In its early years ,truEarth’s product development was informal and largely driven by intuition .the team enjoyed experimenting with new products and limited edition variations on a core recipes and batch process used to manufacture most products made it easy to experiment without affecting overall production. But as time passed the company underestimate the appeal of hit product and find itself struggling to keep up with the demand. The company’ research and development Idea generation Concept searching Product development and testing Qualification of volume About Cucina Fresca The cucina Fresca line was rolled out nationally in the third quarter of 2006 .it grew quickly with 18$ million in retail sales in 2006 and 35$ million in 2007. It was quick and easy no guess work for consumer recommendation of the best sauce simple structure with their own touch option for whole grain ,but tasted great single meal for 2 only one strong competitor Market Consumer Trend Home Meal...
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...(14S607) Dushan Garg (14S616) Niharika G (14S628) Raviteja Palanki (14S636) Prem Sharath (14804) Q.1. What changes are occurring in the non disposable razor category? Assess Paramount’s competitive position. Changes occurring in the non-disposable razor category: Consumers are increasingly becoming aware of technology and are demanding for technologically advanced and innovative razors. The market is growing at the rate of 5% approximately from 2007-10. Every player in this market is planning to increase the advertising media expenditure which translates to say that the market is being tapped to its full potential. Also, distribution outlets are responding to the increasing demand by increasing the shelf space. To cater to this increasing demand, 22 new stock keeping units were introduced between 2008 and 2009. Initially, the distribution of non-disposable razors was limited to traditional food and drug stores. But over the years from 2007 to 2010, the distribution started to shift towards mass merchandisers and club stores. Paramount’s Competitive position: Paramount presence is in the moderate and value segments. Paramount’s products Pro and Avail were currently not able to cater to the demand for technologically advanced and innovative products. Paramount also faced competition from substitute products like disposable razors, electric razors, depilatory creams, waxing and hair removal. Paramount proved to be a market leader with a 23.3% of market share in retail...
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...Banana Republic serving mainly the working population by selling professional attires, Old Navy catering to the young and families while Athleta serves active women inclined towards sports. The range of diversified brands gives Gap Inc. its competitive advantage as it is able to reach out to more customers through the different value propositions that each brand offers. Other than offering trendy designs, Gap Inc. also provides value to customers through its strong brand name established worldwide. Gap Inc. has expanded multiple brands internationally and currently owns 3,000 company-operated stores and 200 franchise stores over 40 countries. Other than opening stores, Gap Inc. also has an e-commerce platform Universality which enables consumers to shop online from all five brands conveniently. This service has allowed approximately 90 countries to shop from its website, enabling Gap Inc. to gain access to more customers worldwide. Gap Inc. also uses various platforms to advertise such as media, fashion magazines and catalogues. To lower production costs, Gap Inc. purchases supplies from...
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...Adapting to the External Environment: Recommendation to BlackBerry Ltd. 1. Introduction Blackberry had been popular around the world, especially in North America in 2000’s, and it represented a kind of fashion among young generation. It was one of the daily routines to see people using blackberry phones anytime and anywhere; for example, young people texted to each other by using unique keyboards, and business people used it for the internet, texts, address books, schedule management, and so on. Blackberry’s phones were stylish and revolutionary with high technologies and lots of tools in that period. However, there are few opportunities to see those who are using it recently. People shifted to iPhones or smartphones of other companies, such as, Samsung, LG, and Nokia. Then, why is not blackberry popular anymore? Are there any exact reasons or factors for that it failed in the market? These questions are important and necessary for the company to make the company stable and set it back to the market again. The reason why the sales of Blackberry declined greatly must not be only because of the change of the trends. It is essential to analyze the factors of sales decrease to survive in the competitive market. One of the important factors is adaption to the external environment which is necessary for all of the industries. Apple is one of the best examples that could adapt to the market pretty well. Steve Jobs placed emphasis on small devices, such as iPods instead...
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...FOOD & BEVERAGE INDUSTRY PRODUCTION OPTIMIZATION SOLUTIONS FOR RESPONSIBLE AND PROFITABLE OPERATIONS TRENDS & ISSUES IN THE FOOD & Global market forces are driving the continual evolution of the food and beverage industry. Consolidation, changing consumer preferences and increasing government regulations are dramatically impacting manufacturing and business strategy. In this fiercely competitive marketplace, you must offer a greater variety of products to meet consumer demand. At the same time, you must consistently and cost-effectively produce high quality products. To be successful , you need to focus on three key business issues: financial performance, sustainability, and brand equity. FINANCIAL PERFORMANCE In today’s global marketplace, where growth via acquisition is prominent, the key to sustained positive financial performance is the ability to understand and respond to consumer demands and competitive pressures while reducing cost of production. BEVERAGE INDUSTRY SUSTAINABILITY Manufacturers want to have a positive impact on society and the environment. In addition, they want to turn sustainability challenges into business advantages. At the heart of a well-planned sustainability program is the belief that corporate investment in environmental and social responsibility must strengthen business performance to be successful. It must reduce environmental impact, achieve genuine economy in the use of resources, deliver a return on investment, and enhance...
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...implement their marketing strategies through social media. Prior to the development of social media platforms, businesses relied on fliers sent through the mail, television commercials and word of mouth. While these marketing tactics are still useful, businesses can now use social media to instantly inform consumers about sales, the arrival of new products and exclusive promotions. Consumers can connect with their favorite retailers online to stay informed about new developments. Communication Social media also affects the way many retail businesses communicate with their customers. Instead of calling the store, writing a letter or sending an email, many customers prefer to communicate with a business using its social media profile. Customers may send private messages to the business, or they may post information publicly. Customers use social media to provide both positive and negative feedback about products or customer service. If a customer posts this information online, it can affect the opinions of other consumers who are connected to the business's profile. It's important for small businesses, especially, to be aware of reviews and other details posted online. Responding quickly on Facebook or Twitter, for example, to resolve a customer problem can actually foster loyalty and improve the company's reputation. Branding Social media affects...
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...is so diverse that many species are still unknown. With forests areas the size of Panama being wiped away each year, in one hundred years the world’s rainforests could completely vanish (National Geographic). Countless trees are cut down every year by the logging industry, which supplies the world with paper and wood products. Its effects extend beyond the loss of trees. For example, several indigenous tribes of Papua, New Guinea have lost huge portions of their land to government-backed logging operations (Shearman, Phil, and Jane Bryan). For tribal peoples who subsist on the land, it is a major misfortune for them. Agriculture and cattle-ranching are the two additional forces behind massive deforestation. As a result of increased consumer demand, farmers cut forests to make room for crops and grazing livestock (Roberts, Michael). Cattle-ranching supports a huge industry. Fast food restaurants, for example, require tons of beef. Hundreds of acres of forest lands are invaded in...
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...health decisions. In turn, they are creating a huge shift in what consumers demand from food suppliers. This trend can be seen when one looks at where modern consumers are willing to spend their money. One report has found that “nearly one-third of Canadians are willing to pay a premium for health-enhancing products” (Fong, 2013). When looking specifically at the younger generations, a study found that “41 percent of Generation Z stated that they would be willing to pay more for healthier products” (Watson, 2015). We can also see this trend when we look at where consumers are not spending their money. Companies such as Coca-Cola and Mcdonald’s are facing significantly lowered earnings driven by changing consumer demand, and are being forced to adapt quickly to this social trend to survive (Krashinsky, 2014). McDonald’s Corp. reported a 30-per-cent decline in earnings in the third quarter, and Coca-Cola Co.’s earnings fell 14 per cent in the third quarter, driven by the healthy living trend (Krashinsky, 2014). The addition of healthy menu products and marketing strategies designed around an image of transparency in terms of ingredients and food sources are becoming more and more prominent. This social trend has become so relevant some are saying “it’s no longer a fad. It’s a secular shift” (Krashinsky, 2014). One article which surveyed more than 30,000 consumers in more than 60 nations revealed that younger consumers are far more concerned about everything from food ingredients...
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