For a company to retain talent it must offer more incentives for the employees than that of its competitors. Your company encourages the decisions and ideas of the employees but more programs could be put in place to help retain employees. Implementing a program that offers rewards for time and cost savings not only benefits the employee but also the company by projecting a positive image of employee worth to the company. Keeping the companies hiring practice on the national level is required for all employees that work in the retail stores but if there is a need for technology or manufacturing of a particular product I would recommend global labor. The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost.
Trevor Virgle Professor Zellerbach Benihana Challenge 1: How do you think a batching strategy affects throughput? Why? ◦I think that the batching affects the throughput of the company in a positive way. Grouping people in bunches and sitting them together is what keeps people moving instead of waiting in line. It gets people to come in to the restaurant and leave with the highest level of satisfaction possible.
Additionally, the author describes that hiring only those with good looks can run into antidiscrimination problems. Greenhouse concludes by suggesting that hiring for image leads to the increased prices of product, increased sales of products, and can give the impression of authenticity which eventually leads to what businesses want, profit. Whether retailers should hire only who project certain image it might be morally wrong or not is a provocative question. After considering the evidence presented in Greenhouse’s article and my own experiences, I can fully support retailers company hire only attractive applicants. I am opposed to companies hiring applicants based on their physical appearances in part because hiring good looking people is an advantage to the company, it shows how people are treated differently based on their appearance.To illustrate, Mr. Serrano, a former Abercrombie and Fitch employee emphasizes that, “We were supposed to approach someone in the mall who we think will look attractive in our store.” (p2).
While candidates are otherwise qualified they don’t possess the skills to maintain good customer service and problem solving skills necessary to effectively work in retail. Using the ranking method, finalist are ordered from the most desirable to the least desirable based on results of discretional assessments, hiring managers have a higher probability of choosing the most qualified candidate. (Heneman & Judge p. 554) Managerial focus groups should focus on eliminating the time laps between the application and the offer of employment as these is eliminating qualified
To see these benefits, the focus needs to remain on benefiting the community at large and meeting the needs of each individual location. Crime can be reduced within the store by helping provide for the community and offering opportunities to help people work their way off the streets. Consumer spending can be increased by meeting the demands of the area while helping those who cannot afford to spend money on the goods the company sells. Any company would be wise to remember that quite often it is the poor who succeed later in life and become a company’s biggest investors. A focus on those in need is something that helps a company’s reputation for years to come, boosting profits in both the poorest neighborhoods and the wealthiest.
These four aspects of both Ruby Tuesdays and Chili’s Grill and Bar can make or break an individual’s choice of which restaurant to choose. Both being fine dining restaurants, each have a reputation to maintain so customers will keep positive thoughts about the restaurants. Since the forty years have passed, there have been many improvements made throughout both restaurants. Ruby Tuesdays and Chili’s Grill and Bar are both good choices for a fine dining
However, it is important to recognise that the competition in luxury fashion is not based on price but rather on image perception and brand value and quality. It could be argued that competitive rivalry is slightly lower in emerging markets because of their recent development and the slower entrance of key players in this industry. Potentially, this can be offset by the competition of local fashion retailer. Bargaining Power of Buyers Luxury brands have all individual consumers to sell to globally but also in a given country. However, due to the higher prices, there is a certain segment to which these brands can appeal to – this strengthens the power of the buyers.
In order for Kudler Fine Foods to develop a functioning frequent shopper program, it must track and monitor consumers shopping behavior. The drive of market research is to collect data on consumers and prospective consumers. The collected statistics support business decision making, which therefore diminishes the risks involved in making these conclusions. This type of research would also benefit the consumer by lowering the cost on items bought most, while giving them personalized incentives to return. As a result, legal matters concerning privacy of the consumer has risen and established far more attention.
With the trends of healthy eating becoming more prominent in the marketplace, Chipotle has an advantage with their ability to provide the consumer with fresher products than their competition. Another strength of Chipotle is that they have a tendency to promote personnel from within the company. This allows the company to maintain their high standards by retaining employees who are knowledgeable about the product and expectations of the company and their customers. Ells stated that “we can teach people how to run a Chipotle…but you can’t teach someone how to be polite and hospitable and high-energy and smart and ambitious and curious and happy and respectful and honest and presentable and conscientious and motivated and infectiously enthusiastic” (Huffingtonpost.com). This prompted Monty Moran, co-CEO, to develop the “restaurateur program” which gives employees the ability to advance quickly through the ranks of the company.
Also providing the recyclable materials in order to create napkins/plates/utensils that would be used in the restaurant. This would ultimately provide the general public the perfect “Trifecta”, not only would they see the business as health conscience providing quality food at a reasonable price. Also, showcase the company’s involvement with local charities and lastly giving the public knowledge of an environmentally supportive company by using recycled materials on a daily basis. Providing these key points that will help implement and enforce the code of conduct for Chipotle. By touching on three ways that a restaurant can engage with and give back to the community we can offer support and growth.