Professional Documents
Culture Documents
GREENLY MART
Executive summary
Statement of problem
To study the methods of expansion of greenly mart ,that will help in
long term survival of greenly mart and to find potential solutions to
the core issues that they face in the competitive scenario.
Alternative solutions to the problems
1. Inadequacy of space
Inadequate space have been a core issue for greenly mart, to tackle
this we have 3 solutions
expansion - new floor / or to the side
physical expansion – new branch
Hire a visual merchandiser to reorganise or declute r the
store.
2. Social reachability
Social reach in greenly mart is poor, an immediate digital expansion
is necessary for this they can,
make use other social media pages like Instagram, YouTube.
Pamphlet’s/ flyers attatched to the newspaper
Television advertisements, radios.
Weakness
1. Retail space is small
2. No advertisement or social media presence
3. Unnecessary retail store cost
4. Reliability on home deliveries
5. Communication only in WhatsApp
Opportunities
1. Digital expansion to other social media
2. Physical expansion
3. Advertising via pamphlet’s
Threats
1. Competitors of greenly mart
2. Home delivery issues
Evaluating the Alternatives
1. Increasing the social reachability via digital expansion (
advertising -social media handles, pamphlets, word of mouth)
PROS CONS
Suggestions
Making use of social media handles to communicate with
customers
Advertising by sending pamphlets with the daily newspapers
and sending them while delivering the products as well.
Expansion to a new area where new and wider range of
customers can be approached in the retail shop.
Send fliers and vouchers of newer products and discounts with
home delivery packages to existing customers.
Conclusion
Greenly mart is a retail store with wide range of products, it has
issues that can be tackled through the right technique. By choosing
the best from the alternatives found, we come to a conclusion of
clubbing both digital and physical expansion. Former, will give more
customer base and help in analysing them as well. The latter is done
to focus more on instore operations and to attract customers to the
store. Through the right means, these suggestions can make an
effective difference in the company.