chapter 3. show value of strategic planning explain steps in strategic planning examine controllable...
TRANSCRIPT
Chapter 3
• Show Value of Strategic Planning
• Explain Steps in Strategic Planning
• Examine Controllable and Uncontrollable Elements of Retail Strategy
• Present Strategic Planning as a Series of Integrated Steps
• Overall Plan or Framework of Action
• At Least One Year
• Outlines– Mission– Goals– Consumer Market– Overall and Specific Activities– Control Mechanisms
• Provides Analysis of Retail Requirements
• Outlines Retailer Goals
• Teaches Firms How to Differentiate Themselves
• Studies Environment
• Coordinates Efforts
• Anticipates Crises
VI.Control
V.Specific
Activities
IV.Overall
Strategy
III.Identification
Of Consumers
II.Objectives
I.SituationAnalysis
SituationAnalysis
Organizational Mission
Ownership and ManagementAlternatives
Goods/ServiceCategory
Objectives
Sales
Profit
Satisfaction of Publics
Image
Identificationof
Consumers
Mass Marketing
Concentrated Marketing
Differentiated Marketing
Controllable Variables
Uncontrollable Variables
OverallStrategy
SpecificActivities
Daily and Short-Term Operations
Responses to Environment
Adjustment
Evaluation
Control
• Type of Business
• Role in Marketplace
• Business VS Consumer
• Market Leader or Follower
• Market Scope
• Sole Proprietorship
• Partnership
• Corporation
• Independent Ownership
• Franchise
• Goods– Durable– Nondurable
• Service– Personal– Amusement– Repair– Hotel
• Personal Abilities
• Financial Resources
• Time Demands
• Measurable
• Specific
• Attainable
• Growth
• Stability
• Market Share
• ROI
• Increased Operating Efficiency
• Stockholder
• Consumer
• Mass Merchandising
• Niche Retailing
• Bifurcated Retailing
• Mass Marketing
• Concentrated Marketing
• Differentiated Marketing
RetailStrategy
Controllable Variables
• Store Location• Managing a Business• Merchandise Management
and Pricing• Communicating with the
Customer
Uncontrollable Variables
• Consumers• Competition• Technology• Economic Conditions• Seasonality• Legal Restrictions
• Value of Strategic Planning
• Steps in Strategic Planning
• Controllable and Uncontrollable Elements of Retail Strategy
Questions?
Questions?