You must select and develop the two strategic recommendation for the physical store that
will respond to your client’s needs. The first of the recommendations must come directly
from your recommendations within Assessment Task 1. The second recommendation must
come from within the TOWS strategies. You are not permitted to have the same
recommendations as your team member from assessment task 1; and you are not permitted
to have a promotional recommendation.
You must and complete a strategic recommendation report, containing both visual and
written components. The visuals will be used to illustrate and support how some retailing
aspects should be altered to accommodate the recommendations. You are welcome to
consider the use of any visual aid – for example, developing an infographic, a short video
(not more than 6 minutes for each strategic recommendation), a presentation, a brochure,
etc. The challenge is to avoid developing a full written report. The written component is to
explain or support your visual aspects.
To develop the strategies, you may be required to undertake further analysis in areas of your
strategic focus.
The assessment will require you to demonstrate your ability to problem-solve using
innovative thinking and approaches that will carefully balance the realistic commercial needs
of the retailer and the theoretical content covered during the semester.
Scenario
You and two of your friends have just graduated from university
and decided to create a Retail Consulting firm providing advice to
specialist retailers. The consultancy has only just opened its doors
and has landed its first client!
Your client a bookstore has raised some concerns regarding their
performance in the local Australian book retailing industry.
Specifically, your client would like you to undertake a retail audit in
the form of a situation analysis and provide advice and guidance in
formulating some effective retail strategies to achieve their growth
goals.
As part of the response to the brief, they have asked for you to provide them with:
• A fresh look at their retail industry landscape (both bricks and mortar and digital) by
undertaking a thorough analysis, providing them with both the analysis and summary of
your findings
• A detailed view of the consumer market and recommendations on whether they are
attracting the right customer base.
• The effectiveness of their current store locations
• A review of the operational aspects of their retail store as a customer, and
recommendations that could improve the retail experience
They are expecting two realistic strategies for their physical store, and 2 realistic strategies
for digital that will solve their [perceived] problems and achieve their goals.
In providing the professional advice, you must undertake a robust evaluation across some
areas and make solid, realistic recommendations.
The output of the evaluation and recommendations are in two stages:
Stage 1: situation evaluation and top line recommendations (Assessment task 1)
Stage 2: recommendation and implementation plan (Assessment task 2)
What competitive advantages does Amazon? com bring to each business? What completive advantages does Amazon.com bring to each of these businesses?
As you reflect on your time at Phish Pharmaceuticals, you decide it is time to move on with your career. You have always wanted to start you own restaurant business and be an entrepreneur. As an entrepreneur, you must decide whether the business should operate as one of the major forms of business organization, sole proprietorship, general partnership, limited partnership, limited liability partnership, limited liability company, or corporation, or under other available legal business forms.
Your selection depends on many factors, including the ease and cost of formation, the capital requirements of the business, the flexibility of management decisions, government restrictions, personal liability, tax considerations, and the like. You must choose one of the major forms of business that is best for your business. (For this assignment, you should not choose a sole proprietorship for your business entity.) In your initial Discussion Board post, you must address each of the following:
- The defining legal characteristics of your business entity
- The advantages and disadvantages of your legal business entity
- The operating agreement required by your entity
- Why that entity choice is the best for your business
NOTE: In both considerations, provide research that supports your assertions.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Select three of the Financial Ratios listed below and fully explain the kind of information they provide about a firm:
- Quick Ratio
- Cash Ratio
- Capital Intensity Ratio
- Total Asset Turnover
- Equity Multiplier
- Times Interest Earned Ratio
- Profit Margin
- Return on Assets
- Return on Equity
- Price-earnings Ratio
Please post a three to five paragraph posting to this discussion question (350 words).
13-29. Estimate Production and Materials Requirements
(LO 13-4)
The Casings Plant of Wyoming Machines makes plastics shells for the company’s calculators. (Each calculator requires one shell.) For each of the next two years, Wyoming expects to sell 160,000 calculators. The beginning finished goods inventory of shells at the Casings Plant is 20,000 units. However, the target ending finished goods inventory for each year is 5,000 units.
Each unit (shell) requires 6 ounces of plastic. At the beginning of the year, 60,000 ounces of plastic are in inventory. Management has set a target to have plastic on hand equal to two months’ sales requirements. Sales and production take place evenly throughout the year.
Required
- Compute the total targeted production of the finished product for the coming year.
- Compute the required amount of plastic to be purchased for the coming year.
2500-word (max) report
You will be producing a retail marketing plan for an organization of your choice. This organization can be in any retail sector, advice on choice of companies will be provided by tutors.
The plan should be presented as a business report, written and structured in a manner that would be acceptable as a working document in your chosen organization.
Although this is a business document, you must support your arguments, conclusions and recommendations by making reference to appropriate theory. Referencing should use the UWE Harvard Style.
Report structure
In order for your retail marketing plan to meet the assessment guidelines, you are advised to structure your report around the following:
1. A situational analysis of your chosen retail organization which would typically contain theoretical structures such as:
SWOT/TOWS, Competitor analysis, market factors, positioning, target consumers and consumer profiling. (25%)
2. An analysis and critique of the organization’s product and brand offer, channels to market, retail marketing communications, visual merchandising, customer service and retail operations. (25%)
3. Proposed actions for the organization which may be as a result of opportunities, threats, or be challenges or recommendations you have identified.
This should be structured using selected appropriate theoretical frameworks such as 7P’s, retail life cycle, wheel of retail, accordion or any other model which is suitable. (40%)
Additional notes:
· To complete some aspects of this report to a good standard, you may need to visit a physical store location. Please bear this in mind when choosing your organization.
· Whilst you will need to conduct a comprehensive audit in order to develop these priorities, this should be documented as an appendix rather than in the main body of the plan. Marks will be awarded for research and knowledge, analysis, evaluation and synthesis. Therefore, extensive descriptive information such as audits or PESTLE should NOT be included in the main body of the report.
· Effective use of appendices will be necessary in order to achieve this.
Key authors for this coursework:
-Retail Marketing Management by Helen Gonolek
-Retail Management, a Strategic Approach by Berry Berman
The organization I am thinking about is ZARA.
Tell me if you can write a good report.
On January 1, 2015, Frost Corp. changed its inventory method to FIFO from LIFO for both financial and income tax reporting purposes. The change resulted in a $700,000 increase in the January 1, 2015 inventory. Assume that the income tax rate for all years is 30%. The cumulative effect of the accounting change should be reported by Frost in its 2015