Wal-Mart needs to elaborate more on how they plan on saving people money. If I have never shopped there, I wouldn’t even know what products they sell by reading the mission statement. The second company I chose to write about is Target. Target’s mission statement states “Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More, Pay Less brand promise.” (Target Corporate, 2012) This mission statement tells me the reason that the company exists and that is to deliver outstanding value, innovation and an exceptional guest experience. Their mission is to consistently fulfill the “Expect More, Pay Less promise.” The information I believe needs improving would be who exactly the customer is and what products they are selling.
The cost to open new business is high and not everyone can afford it but it is also important to take into account that this is a commercial area near a college campus; therefore it attracts more business than other areas. 4. Bargaining power
BJ’s strategy focuses on providing their shoppers more groceries and packaged goods in small portions. Sam’s is concentrating more on reducing their product cost. Sam’s is using other countries, like China and Mexico, to but from to help keep their cost down. When it comes to determining who have the best strategy out of the three rivals we believe Costco is using the best strategy due to the fact they use the deny dock distribution, which allows them to be cost efficient. By Costco finding ways to insure they are cost efficient they are able to offer their customers reasonable prices.
Tesco’s overall goal could be summarised as a desire to be as successful in the non-food market as they are in the food market, and this is achieved by creating such good value for customers that their repeat business and loyalty is guaranteed. Tesco use a combination of cost leadership and differentiation to breed this loyalty amongst their customers. There is always price rivalry between the leading supermarket chains with each trying to offer the lowest prices on the most popular goods in order to win business. However it would appear that Tesco are able to retain business even though their prices on many other products remain relatively high, and this is because they reward their customers through their clubcard promotion. Customers earn points for £’s spent and these points can be redeemed against food, fuel and even days out; and this is what sets Tesco apart from the other stores.
If the students have more jobs then they have money. The whole purpose of going to college is to get a good job, so why not get the students prepared to having to work for what they want. Langston also needs to team up with more companies and fundraise to build onto and around the campus. The city of Langston could really use a grocery store; they could make a lot of money because college students could work there as well as do their grocery shopping. Langston could also use more living areas.
Target Versus Walmart: How the Major Retailers Stack Up MGMT 371 - Business Operations and Analytics Jim Beauchamp April 11th, 2015 I. Introduction and Hypothesis When you think of your ultimate shopping experience, what comes to mind? Some shoppers are motivated by extreme savings - their shopping location is mainly based on price and who will offer them the best deal. Others are drawn into a store by the allure of the entire “shopping experience.” How they feel while shopping and what kind of environment that’s provided plays a major part in their decision. Although they might crave an affordable price, it is important to still be exposed to stylish, unique choices.
Goodwill industries targets communities that already have thrift stores and true charities that benefit the immediate community. Once Goodwill has investigated an area they build or lease a space and knock the original local charity out (Walton, 2011). Is it right to take donations from people for valuable goods when the real goal is to simply open more goodwill stores? As far as the "skills" Goodwill teaches, most people working at Goodwill learn everything they need to know in about a week such as, running a cash register, tagging and hanging clothing, etc. If training workers is now some sort of "charity" to warrant donations, then McDonalds is accomplishing the same goal, as they provide training and education as well.
Shopping smart has affected my family greatly. We buy off brand groceries, and use coupons, and we don’t go out to movies and restaurants as much, but we still find fun, low-cost ways of entertainment. I think this change is a good change, because it is teaching people to get what they want and save money, and then using the money that they saved for other things. There really isn’t anything that I miss about the time before the change. The change has only had a good outcome for my family.
By having the mobility of the truck it gives Paper or Plastic? an advantage over fast food restaurants, convenience stores, other stores people will shop at to buy food. This is because Paper or Plastic? doesn’t need to wait for customers to come to them, rather, they can take the food to the people. Thus saving their customers time and sparing them the inconveniences and hassle of trying to get to a grocery store.
However, there is opportunity with the organization to understand customer buying patterns, market needs, promotion effectiveness, and determine customer price limits. Therefore, the recommendations are to truly utilize the concentrate growth strategy by adopting a loyalty program. Consumers are aware that is very costly to shop at WFM. Even though many desire an exclusive organic, whole food diet, it is not affordable in today’s economic times. Focusing on one market or region at a time, WFM should roll out an incentive program for loyal consumers that offer price breaks every time they shop.