Apr 04, · Surname1 Name Professor Course Date Research Paper on Business Management Introduction Business management is a broad field that encompasses various designated areas in which they explore how business activities are being conducted in different geographical locations. Business management entails the organization and coordination of different activities in an 5/5 Purpose: The purpose of this study is to investigate how Talent Management (TM) affect Organizational Performance (OP) in the industrial companies in Egypt. Research Design/Methodology: Using Heinen & O'Neill () of TM, the study develops a number of hypotheses and tests them on a sample of employees at the industrial companies in Egypt Business and Management Research Paper. #, Topic: SEARS. Type of paper: Research paper. Discipline: Business and Management: Business. Format or citation style: APA. Pages: 4. Deadline: 10hrs. Only do my parts in the paper I am Roosevelt them are the only two parts needed done
Business and Management Research Paper | blogger.com
Only do my parts in the paper I am Roosevelt them are the only two parts needed done. Regardless of the current downward situation that is facing Sears, it still has several strategies that it can apply to its advantage. First, the company should rebuild its organizational culture. This has been attributed to poor management styles, which leaves the company with few leaders who are skilled or who care for the company. The company requires to work on its form of management and the practices that seek to retain and recruit employees for more extended periods.
This will develop motivation in the organizational culture, and the employees will be detrimental in helping the company turnaround, business management research paper. Additionally, this will create a sense of pride towards its brand. An inclusive alignment through continuous engagements at different management levels will be required to improve the performance of the company. Instead of Eddie Lampert adopting a top-down approach of management, he should consider the aspect of inclusivity.
In utilizing a similar approach, Sears should encourage the management team to engage employees in the decision-making process constantly. It can help implement strategies that are well accepted and that are of exceptional benefit to the company, business management research paper. With strategic plans in place, Sears should then put more focus on the improvement of customer experiences. According to Halzackthe current markets are widely characterized by different customer preferences and changing demands.
To ensure that Sears gains a competitive business management research paper or at least can capture a sizeable share of customers. More attention should be paid towards the type of products it retails. To improve this, both vendor and suppliers support is mandatory for the company. Working relationships should hence get built with suppliers and vendors of top brands, business management research paper, to provide for a variety of great products from which consumers and potential customers can choose from.
Moreover, a substantial product variety is more likely to draw customers to its stores as they are provided with the opportunity to select their preference.
To stage a comeback, Sears should capitalize on the products that it is well known for as they provide a competitive advantage over other retailers. As the business management research paper already does stocking and servicing of a majority of brands in electronics and appliances, it should adopt aggressive moves to venture in the service industry. Goodfellow asserts that studies have shown that Sears is still one of the best stores that customers prefer when it comes to buying appliances.
To business management research paper this market opportunity, the management should ensure that the best skilled and consultative employees are positioned at the appliance sections. This will enable the company to score sales in an area where it is highly competitive increasing on the revenues generated. Additionally, Sears should learn from the comeback strategy that was used by Marvel when it filed for bankruptcy in The company focused on a portfolio of famous brands by business management research paper on the fan bases of individual characters.
From this, Sears can capitalize on the equity of some product brands, especially those that appeal a great interest of the consumers. Examples of these products are; Diehard batteries, business management research paper, Sesame Street products, as well as Kenmore appliances.
In as much as Lampert is the majority shareholder, he seems to have been taking the company astray over the decades with continued promises of making a turnaround. His technique of leadership does not fit the current requirement for Sears.
Based on this, he should appoint a CEO to take over the operations of the company while he maintains the chairman position. Realignment of the company will not only build confidence among investors but also will attract a higher number of customers. The changes should also focus on the improvement of customer experiences. Additionally, the realignment process should encompass consideration of inclusiveness among the employees to promote better implementation of strategies and decision-making.
Advertising should be made a priority to improve on awareness and familiarity of the brand. A considerable number of people attest to the fact that they were not aware that Sears is still operational in some outlets. This is an indicator that there is low information flow among the public, a problem that can be fixed by investing in advertisements. In the current era of social media and technological advancements, different avenues that are considerate in terms of expenses can be utilized.
Additionally, prices for different brands of products can be provided to help potential customers make online comparisons. As a result, it will promote the brand status that Sears already has and renew confidence.
Rebranding of Sears should be accompanied by making various changes to their business plans and storefronts. Some of the stores have been poorly kept in terms of both stocks and staffing. The company should ensure that stocks of famous brands are increased in all its outlets to keep up with changing consumer trends and preferences.
For staffing, the company should consider doing their recruitments and training of employees to generate a talent pool of employees, business management research paper. This will, in turn, save on costs that are mainly incurred in outsourcing professionals from different sectors.
Moreover, the location of Sears stores should be strategic with accessibility factors of customers. The stores should be in ideal spaces where there is high traffic to increase the number of people who visit. Sears should strategize to begin venturing in new markets that business management research paper not yet been tapped. This would act as an approach to improve their stronghold, given that the local market is continuously getting occupied by different competitors.
On the same note, they should capitalize on marketing the products that they are competitive at as compared to products with poor performance.
Creativeness among employees and the management would be required to realize this strategy. The company should be obligated to make different calculated moves to aid in its expansion as it can afford it, given its current state.
Some of the approaches that it could apply are building vertical integrations and merging with a different retailer. Of importance, business management research paper, Sears should avoid acquiring a different retailer and operating it separately, but instead should put more efforts in strategies that cut down expenses and create more value for customers. Halzack, S. Bloomberg Businessweek. Browse more products here. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content Business and Management Research Paper. SEARS What Sears can do differently Regardless of the current downward situation that is facing Sears, it still has several strategies that it can apply to its advantage, business management research paper.
References Goodfellow, P, business management research paper. Sears: The Good, The Bad and the Ugly. Yohn,S D. Is It Too Late for Sears to Save Itself? Harvard Business Review. Browse more products here Order Here. Leave a Comment Cancel Reply Your email address will not be published.
Research in Management Studies
, time: 18:08Business and Management Research Paper - Freeessaysample
Nov 04, · List of 25 Business Management Research Paper Topics. Crisis management in an organization. Criteria for deciding the salary of employees when organization is going through financial crisis. How a business could be saved by a professional and expert financial manager? How business analysis is the Estimated Reading Time: 1 min Apr 04, · Surname1 Name Professor Course Date Research Paper on Business Management Introduction Business management is a broad field that encompasses various designated areas in which they explore how business activities are being conducted in different geographical locations. Business management entails the organization and coordination of different activities in an 5/5 Business and Management Research Paper. #, Topic: SEARS. Type of paper: Research paper. Discipline: Business and Management: Business. Format or citation style: APA. Pages: 4. Deadline: 10hrs. Only do my parts in the paper I am Roosevelt them are the only two parts needed done
No comments:
Post a Comment