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  • Overall Strategy

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    Isaiah Jacob Carolino
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    The document outlines an overall business strategy including managing operations, human resources, and responding to economic conditions and competition. It discusses maintaining a competitive edge by regularly checking competitors and forecasting economic trends. Specific tactics mentioned include choosing store locations based on competition levels, managing merchandise and pricing to clear slow items and reflect the company's image, and adapting facilities based on regular analysis of trading areas.

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    The document outlines an overall business strategy including managing operations, human resources, and responding to economic conditions and competition. It discusses maintaining a competitive edge by regularly checking competitors and forecasting economic trends. Specific tactics mentioned include choosing store locations based on competition levels, managing merchandise and pricing to clear slow items and reflect the company's image, and adapting facilities based on regular analysis of trading areas.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views3 pages

    Overall Strategy

    Uploaded by

    Isaiah Jacob Carolino
    The document outlines an overall business strategy including managing operations, human resources, and responding to economic conditions and competition. It discusses maintaining a competitive edge by regularly checking competitors and forecasting economic trends. Specific tactics mentioned include choosing store locations based on competition levels, managing merchandise and pricing to clear slow items and reflect the company's image, and adapting facilities based on regular analysis of trading areas.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Overall Strategy

    Managing a business - retail organization and human resource management, and the operations
    management.

    Consumer – can’t force to like your services. Example SM.

    Competition – Competitive Edge , always check the competitors

    Economic condition – forecast


    Specific Activities
    Tactics  Short Term Decisions  Controllable Part of Operation

    Store location - The level of competition in a trading area is studied regularly. Facilities are

    actually, built or modified.

    Managing the business – Human Resource , Financial Management

    Merchandise management and pricing - Innovative firms look for new merchandise and clear out slow-
    moving items.

    Selling prices reflect the firm’s image and target market.

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