Business Research Applications George Reyes RES 320 September 24, 2012 ARMAND DI CIANNI Business Research Applications In today’s ever-changing economy both here at home or in the global market if a company does not do it proper research by ensuring the company knows about changes in market conditions, what do the customers prefer, and what other companies are implementing it can seriously affect a company’s success. Smart business decisions are made based on data and good information which is a direct result from research. By implementing stringent research plans a company can stay up-to date with its position in the market, and most importantly new and innovative strategies being put forth by competitors that are essential
Determine how best to use your company's strengths to overcome the strengths and overall performance of the competition you've found. How can you do even better? Possibly you'll have an offsetting strength that offers even more to customers. Start working on plans to develop your business into the dynamo you planned for it to become invest the time to double check your competitors for changes they've made. Examine the marketplace to make sure new competitors haven't found a way in without you knowing it.
One of the marketing strategies that ensure the company of long-term profitability is the personal relationship built with the customer base. Customers will not have the same shopping experience with large grocery stores. If there are items that customers would like to have available in Kudler stores they are able to communicate that to management. Management can then relay the data to Kathy Kudler who will search the world for the best available items to satisfy the customer. People will not have the loyalty they get from Kudler at other grocery marts.
Therefore, he put more effort in providing benefits for employees. He shared his dream, thoughts, and vision to every member of Starbucks. He showed his appreciation to the contribution of each employee of Starbucks by listening and operating every potential idea of his co-workers and employees in expanding Starbucks, such as adding skim milk to choices, practicing the ideas of Frappuccino drinks, ice cream, and coffee bottles. Moreover, he provided bean stock options and health care benefits for both part-time and full-time employees. Because of the great relationship between employees and manager, Howard slowly closed the gap
That will keep the morale and participation from employees high. Core vs. flexible hrs As reviewing some of your files I also discovered that one of your founding principles is to have core workforce. I believe that a mixture of core and flexible workforce is essential in the retail industry. By having a core workforce your are eliminating potential good candidates from applying to your positions. People who go to college usually look for flexible employment which lets them work and go to school; with these kind of employees you have potential college graduates who can decide to stay and grow with your company.
Walgreens Essay Anita Henderson BUSS460 Rich Rawlinson March 7, 2010 In his popular book about business, Jim Collins discusses ways businesses can improve their performance, making a good company a great one. This paper discusses these concepts in regard to Walgreens. Walgreens is a great company to shop for a numerous of items, but the pay scale is downgraded for the amount of business that it produces. Collins begins by dismissing a number of “myths” about what has to happen in order for a company to effect change. The myths are as follows: first, there is the “Change Program,” the idea that all change begins with some sort of “launch event” (Collins, 2001).
Research Paper Word Count: 1274 How successful can a company become before it is an economic danger for our country? That is the question a lot of Americans have begun to ask about the massive super store Wal-Mart. In a struggling American economy Wal-Mart thrives while smaller companies struggle and some even go bankrupt. There is always going to be companies that make it while others don’t, but when do American citizens need to step in and draw the line when one mega company like Wal-Mart becomes too powerful? With Wal-Mart using materials from other countries while its growing and expanding everyday it knocks out smaller businesses everywhere, which in turn hurts the economy and is literally a growing Monopoly in America, which we cannot
Therefore companies should remember to treat each customer with respect, regardless of how much money they are spending, because they never know if in the future the customer might make a larger purchase (Gibson, 2012, p. 15), or perhaps spread the word to a friend or family member who might spend significantly more money with the company. In any case, in order for companies to succeed they must find a way to make sure that their customers are satisfied and happy with their services. So that we can better understand how customer service works we will examine the role of the customer service representatives (CSR’s), the tiered service system, and the five critical skills and competencies a customer service representative must have. The role of the customer
Term Paper For MGMT 1120: Introduction to Business Motivation Techniques Kenneth L. Gardner September 27, 2012 If you could ask some of the top companies of the world like BMW, Sony, Apple, and Microsoft, what make them successful? According to Dave Poon, they would tell you employee motivation is one of the major factors that contribute to a company's success. Without proper motivation, an employee will go through his tasks without trying to "think big", or going out of his way to help the company grow and improve. It is important for the upper management to know exactly what makes their staff motivated. There are various motivational techniques.
Mitt Romney should and will become the next president of the United States because he has better credentials than his competitor. The reason being that Obama’s only success in politics in Chicago was removing some of the asbestos from one of Chicago’s apartment projects. Obama, himself, when asked by a fellow college classmate about what a community organizer does he said that he could not answer them directly. Mitt Romney has a lot more experience with the economy than Obama does. He has more hands on knowledge about the economy because he has owned a business, He even started his own business at the age of 37.