The product departmentalization strategy of the grocery stores works to streamline the operation of each gourmet specialty department. It allows the top managers of each area to monitor productivity and make strategic adjustments that are beneficial for that department. The key here is specialization. This is a small business that needs to be very specific in its administration and product availability. The key positions that support the functional organizational structure are the President, the Store Managers, the Director of Finance, the Director of Human Resources, and the Director of Store Operations.
When a consumer sets out to fill their cabinets with their everyday necessities the owner and operator of these grocery stores needs to take into consideration the wants, needs and desires of their shoppers, how to pull them in and how to keep them. Michael Porter provided a framework that models an industry as being influenced by five forces. The strategic business manager seeking to develop an edge over rival firms can use this model to get a better understanding of the industrial context for which these firms operates. Porters first of five is Rivalry among competing firms is where firms strive for a competitive advantage over their rivals. Rivalry in the grocery industry is a strong competitive force for several reasons.
Food cost managers will generate sales forecasts to reduce the carrying costs of inventory. Perpetual inventory management will track all in store inventory transactions. This includes ordering, receiving, selling, cycle counts, and inventory adjustments. An automated inventory system would allow Kudler fine foods to meet current and future customer demands. This would also save money on hiring and training employees to order products for the stores.
Those positions will be known as store lead. This restructuring of the management positions is to allow for the store manager to be on the sales floor interacting with both the employees and the customers more. The ASM will be handling the office paperwork that the manager once did. This will help them to be ready to move up to store manager by having the experience with every aspect of the job. With the burden of the paperwork off of the managers, they can more easily engage in conversation with the customers of their stores and hear firsthand the positive and negative things they have to say.
Contribution to the company’s overall effectiveness (D1) Today's grocery market is dominated by the four big retailers also known as "Big Four". Those companies are; Tesco, Asda, Sainsbury's and Morrisons. In this assignment I will take a closer look at one of them and I will evaluate their effectiveness in use of different distribution methods. The company that I will look at is going to be Tesco. The responsiveness to consumer’s demand Tesco is always aware of what people need, what products they would like to purchase from the stores.
Unit five: Principles of supporting business events Section 1 – Understand how to support the organisation of a business event 1. When organising a business event, describe the range of support activities that may be required. Every event must be carefully planned. One must know what exactly what the event is and about so as to start planning the activities involved and getting support in arranging a venue, getting the right equipment, arranging for speakers, sending out invitation sorting out the refressments serving of food, taking of minutes Organising documentation Dealing with small administrative details – taxis, lost and found property and Clearing up and gathering up items at the end of the event 2. Complete the table below by identifying two ways of providing support before, during and after a business event.
As a manager of Kudler Fine Foods, followings are the combination of my personal values and experience to strengthen the Kudler Fine Foods value. Small Organization Kudler Fine Foods strategic plan (2003) points out the advantage of small company that enables the company to control and monitor all daily and weekly activities. Clearer cut of daily and weekly activities is to create a division of duties and responsibilities of each section. Empowering and delegating the authority to the section leader reduces a manager’s energy to give a feed back to each employee, but also enables to check and verify the performance of employee with defined measurements. Competition Although KFF strategic plan (2003) states “ there are no other gourmet stores in our geographic area” (p.
BMGT 364 Business Management and Organization Theory October 19, 2014 Part 1: There are many similarities and differences between Whole Foods and Trader Joe’s mission statements. Although the mission statements are worded completely different from each other it is obvious that they are each trying to say the same thing in some manner. Whole Foods mission statement says “We are a mission-driven company that aims to set the standards of excellence for food retailers. We are building a business in which high standards permeate all aspects of our company. Quality is a state of mind at Whole Foods Market.” While Trader Joe’s mission states “Is to give to give our customers the best food and beverage values that they can find anywhere and to
Virtual Organization Identify the key stakeholders and their roles needed to achieve the organizational goals, and recommend the collaborative interactions among the key stakeholders to facilitate the organization’s success Kudler fine Foods, this is Kudler fine foods Stakeholder Analysis We do have some stakeholders that we monitor. We view stakeholders as those entities, internal or external, who could affect our organization or be affected by our organization. The following list is not inclusive, but ones that we do keep in mind: ? ?Staff – Our team of clerks and shelf-stock individuals are critical to our operation. Although Kathy visits each store, much of her time is spent doing back-office work so the staff members are really the ones
The key is to ask the right people the right questions, and that you are asking enough people to get meaningful results. (P4) Now we shall describe the legal and financial aspects that affect the start up of the business idea. And also explaining the type of ownership and why it’s appropriate for our business and the legal issues that surround it. Food safety All businesses in the food