How does the type of buyer or consumer affect marketing strategy? As part of your response, consider the characteristics of buyers and the factors that influence their purchasing decision. How can an organization ensure that their market strategy is appropriate for their target market? MKT 421 Marketing Week 3 DQ
1.3 - Explain the responsibilities of the assessor It is the responsibility of an assessor to carry out their assessments in accordance with the associated criteria, ensuring all submitted work conforms to VARCS .Working with the learner to agree an assessment action plan. It is the assessor`s responsibility to plan and organise assessments to provide regular formative checks on the learning
To find the concerns that begin the program planning process, it is a prerequisite to do a needs or problems assessment. The assessments give human service workers good direction to what areas need the most focus and what kind of help the people need most. (2003). While planning a program, it is good to brainstorm all the possible avenues and outcomes of all situations. Human service workers need to be prepared for all situations, and have feedback on how well their programs are working.
Spending money on training of these devices are also factors that must be considered this takes employees time and cost the company man hours and thus money that could be spent on other things. Lowes must continue to analyze the cost to decide whether these improvements are needed and continue to produce more of a profit with or without them. In the highly competitive market that Lowe’s is in strategic planning has helped them not only stay in business, but also maintain a competitive edge over the competition. Their initiative on energy conservation and concentrating on energy efficient products and materials has made good fiscal policy for the organization. This combination of cost savings and green policy provides Lowe’s with a low risk and positive image in today’s global
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.
You have plenty of locations and if you firmly believe in your company culture, than those who come work for you will stay. Overstaffing vs. understaffing Being a retail chain of stores I believe that during down season it would be better to be understaffed since you are not as large as other retailers and cannot afford to waste money. However, during high season you should overstaff since you want to maintain that great and comfortable experience for your customers that you are well known for. This is another reason for having a flexible workforce. Short vs. long-term focus In the case of short or long term focus when it comes to employment, it is my opinion that it depends on what you are looking for.
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.
although for the most of its residents, the biggest advantage is convenience of living, working, shopping in the same area. An example is living in the city, where your home is closer to the workplace, a shopping center on the way makes saving time and fuel easy. The advantage for the business-minded, looking to expand business, can find a real estate agent to locate property, a banker to finance it, contractor to build, even a great restaurant to wine and dine potential clients all in the same block downtown. For many parents that have busy professional careers outside the home, the advantage of being closer to work affords them more time to spend with the family, and less time on the road. Children are also closer to schools, parks, friends and soccer practice.
In a highly competitive business world, on a firm’s priority list is the subject of increasing profit and reducing cost. One might than pose the question, has this put them out of business (mom and pop store)? The answer is absolutely not, but rather, they too benefit from cheaper prices as they continue to buy in bulk and continue to operate as the name suggest, convenient
Reflective practice can take place: verbally – discussing our progress and practice with managers, supervisors, tutors or colleagues in writing – such as writing an account or diary of daily activities, developments or incidents, and identifying ways in which we could use these experiences to improve. It is important to reflect upon our practice in order to continuously improve the quality of the service we provide to service users and others. This ensures that we adhere to set standards, agreed ways of working and provide quality service. This is because continuous reflective practice means that we have to address issues and new