Does Blue Nile’s business model result in a winning strategy? Blue Nile’s business model involves selling high quality diamonds at low prices online. The first hurdle for them was to make the buyer feel comfortable buying a high ticket item that has many characteristics that could affect the products quality. They effectively alleviate the consumers concerns by providing them with information and guidance during their shopping experience. The consumer is then able to educate themselves about what determines a diamonds quality and value.
These displays and advertisements really makes people want to come in and check out the deals that they have seen on those advertisements, so Target really drags people into their stores. Dissimilar form Wal-Mart, Target has no cheaper label to sell costumers the same individual features like the “Great Value” label, so that make Target more expensive than Wal-Mart. In Target if you find something cheaper than in their stores they will not make override it to make it the same price. The similarities between Wal-Mart and Target is that they both huge and powerful corporation stores. There are about 1,591 Target stores in the country, and about 9,600 Wal-Mart stores In the United States.
FJR has discussed the research with management and highly recommends that they do not open any new locations until further research has been done in other areas. It is very expensive and time consuming opening new locations and Kudler does not have the financial means to do so just yet. What Kudler Fine Foods needs to focus their attention on is other competitor in the market. They can offer coupons or special promotions towards maybe the first of the month which will attract consumers into purchasing more products because most consumers get paid at that time. Kudler will also advertise to the Asian community by having advertisements in their language.
Cash Connection as well as other lending organizations is taking advantage of the hard times individuals have fallen on but at the same time the lending industry is beneficial in that it provides more than 150,000 jobs and contributes up to $10 billion to the U.S. gross domestic product. The discussions in the case point to some opinions that payday lending is unethical and a poor decision for customers because of the high interest rates and the cost of borrowing ends up with the customer owing more then was borrowed. 3.
Negative: Kind of Profiteers will be at a lower price to buy local art goods sold at a higher price abroad, it makes a huge difference prices between in Indian art of local and international market. Identify the 5-forces of the industry environment. How is Saffronart.com positioned relative to each of them? Art industry is profitable, because most forces buyer power, supplier power, threat of new entrants, the threat of competition, the lower the threat of substitutes. Low and medium buyer are some of rich people who are consider they are social status among elite individuals of social important.
Summarize the case in five sentences Because there are many porcelain makers in Jingdezhen, the quality of products are low,the styles are limited, and the productivity are low. Most porcelain makers set minimal profit margin goals to pursue volume pricing strategies in the mass market, that cause their works could be mediocre quality and customers could shift to other suppliers. JCAC want to differentiated itself from its rivals by quality and artistic style of its products, and produce high-end product. What are the problems (and the origins of these problems) facing the porcelain/ceramics industry in Jingdezhen? Most of the porcelain makers in Jingdezhen unable to offer uniquely designed products and differentiate themselves from their competitors.
The threat of new entrants into this industry is extremely high due to the low amount of capital needed to enter into the industry as compared to others. It allows companies such as Apple and Amazon, whose existing focus was not on the movie rental industry, to utilize their existing customer base and generate profits without a large initial investment. Due to the high number of competitors as well as the different forms of delivery, such as instant online delivery and mail delivery, there is a high amount of substitute providers for this service. The bargaining power of the movie-rental industry against suppliers is increasing especially in recent years. The reason for the increased control is that DVD sales are declining on the average, meaning that the main form of delivery that consumers are taking advantage of is online-streaming.
Terry estimated her investment on the product should be 75,000 to 95,000 in inventory to begin with considering off peak times when customers are likely to buy. This scenario indicates a great way to contingency planning because Terry has thought about possible problems such as seasonal peak and valleys she might run into. She has prepared this issue by finding an alternative way to still sell her products even with off peak times by creating a website for customers from all over to purchase. She has also prepared herself to dedicate more time working longer hours at the store to be available to potential customers. Nevertheless, Terry has some excellent solutions to her planning although she has some aspects of her business goal I find might need some modifications.
Buyers have low switching cost, it issimple for consumers to find and visit competitor websitesthis increasesrivalry. Most of online jewellers compete on fast delivery (this weaken thestrength of the rivalry).C) Conclusion; Rivalry among online retail jewellers is a moderate source ofcompetitive pressure that is likely to intensify over time.II) Threat of entry (Figure 3.5 p.61)A) The barriers to entry into the online segment of the jewelry industry isdefined by;• The cost of developing a Web site.• The cost of developing order fulfillment capability and achieving shortdelivery times.• Expenditure for advertising and promotion needed to draw visitors to theweb site and build a trustworthy reputation and image.B) the factors affecting the threat of entry;• Barriers to entry are relatively high.• The pool entry candidates are relatively small.• The growth and profitability prospects entry into the online jewelryretailing is a moderate source of competitive pressure.C) Conclusion; The threat of additional entry into
This report will focus on measuring the success of five department stores, Selfridges, Harrods, John Lewis, House of Fraser and Debenhams by thoroughly analyzing and comparing financial and market share data, and using complimentary methods to explore the proposed objectives. These department stores were selected due to the reason that they are the most popular ones in the United Kingdom. Each of them possesses a certain “English” trait that makes it essential to the UK market. Focusing specifically on women’s clothing and accessories from ages 25-34 allows an in-depth analysis to take place so that it is easier to measure the success of the specific sector within the department stores market. Zara is the world’s successful brand in fashion retail industry.