American Eagle Outfitters stocks a variety of men and women clothes ranging from jeans, underwear, tops, bottoms, shoes, grooming and cologne, gift cards, swimsuits, and accessories and socks. Currently, the shop has 32 men pieces and 36 women pieces of different sizes depending on the needs of each customer. The size of the products stored by the shop ranges from large, medium, and small and of different colors ranging from white, black, yellow, orange, purple, blue, metallic, grey, red, and so on. Men’s tops comprise of sweaters, t-shirts, sweatshirts and hoodies, graphic tees, coats, and jackets. Women tops consist of shirts, brass, blouses, t-shirts, cardigans, sweaters, sweatshirts, tank tops, hoodies, coats, and jackets.
The price of the men’s tops ranges from $ 23 to $ 35 while that of women ranges between $20 to 23$ depending on the size of the customer. On the other hand, women’s bottoms consist of jeans, pants, shoes, and soaks. The price of women’s tops ranges from $23 to $31 depending on the product’s color and the materials used to manufacture them. Men’s bottoms consist of jeans, shoes, and soaks. The price of men’s tops ranges from $29 to $ 41. Both men and women’s bottoms are made of different materials ranging from velvet, cotton, leather, and denim.
In the store, men and women jeans come in different colors ranging from white, black, yellow, jangle green, navy blue, maroon, orange, purple, blue, metallic, grey, red, and so on. Their sizes range between 28- 42 and their styles include dad jeans, slim jeans, supper skinny jeans, and so on. Their sizes of women jeans range between 28-42 and their styles include mom jeans, kick bootcut jeans, jeggings, tomgirl pants, boyfriend jeans, and so on. In the store, there are 20 pieces of men’s jeans and 25 pieces of women jeans.
Section 2
All the visual merchandizing of the store is impressive taking to account its floor space. Each product is arranged in a separate section so as to make it easier for the customers to trace them. The extensive free space created enables customers to maneuver freely within the store. Moreover, each product has a price tag which in return assists in limiting the time wasted in consulting store attendants. The idea or cross-marketing that is adopted by the store enables customers to make rational decision before purchasing any product. Nevertheless, a room is created for customers to dress up before deciding to purchase any product (Madaan, 2009). Additionally, lighting in the store is efficient to ensure that the products are well illuminated thus luring potential customers to make purchases.
Despite that, there is a lot of space wasted, especially within the jeans and pants area. Such a space could have been utilized for women accessories, particularly for brass and blouses. Likewise, customers do encounter difficulties searching for the product or products that they require. It is important for the management authority to ensure that the shop attendants take time to direct the customers to the products that they require. Some products, particularly women pants are loosely hanged on stands which increase the chances of them being knocked down by customers as they maneuver around the store. Therefore, it is important to ensure that the stands are firmly fixed on the floor. On the payment desk, there are instances of long queues because of few attendants. The management should ensure that they have increased the number of attendants serving customers who are making payments for their products (Patrick et al., 2013). Moreover, the management of the store should ensure that they have availed any product that might be missing depending on the number of customers requiring them. Emphasis should be placed on interactions between customers and the shop attendants so as to build brand loyalty. This in return will ease the shopping process which in return will increase customer satisfaction.
References
Madaan, K. V. S. (2009). Fundamentals of retailing. India: Tata McGraw-Hill.
Consultancy business has been in existence for years, and it can be referred to as a business owned by an individual or a group of experts who provide professional feedback to an organization or an entrepreneur at a fee. Besides, they are mainly hired to generally offer objective advice that facilitates the realization of goals through proper utilization of resources. This is usually done by making use of skills and experiences or working to improve the organizational structure of the organization (Nordmeyer, 2017). This paper will discuss the roles of a consultant in an organization and describe the distinction that exists between internal and external consultants.
Consultant Roles
A significant consultant role is to help a firm with specific areas of inclusiveness. Some of the roles that he/she can assume are; educator, resource, or a facilitator, but the leader always remains within the organization (Nordmeyer, 2017). Besides, there are four categories of roles that can be assumed by a consultant. The first one is the overall guidance; where the consultant works together with the inclusiveness committee to plan and execute the initiative, and in this case, he/she can act as a facilitator for the meeting or the process. This will be like an advisory role.
Also, a consultant can take part in information collection. He/she, in this case, will be required to design and be involved in the data collection, especially for qualitative data in interviews and focus groups. This will be a better choice because they are neutral mostly and thus, and the responses from both the internal and external respondents will be more honest (Linton, 2016). Additionally, a consultant can also take part in the analysis of the firm and identifying areas that need improvement. They usually study the structure of the organization, assess the effectiveness of business processes, and conduct interviews of managers and workers at all levels. In addition to that, they will also evaluate the level of skills throughout the firm.
Furthermore, a consultant can also assume the role of a trainer. For example, employees may require specific specialized skills to perform day-to-day duties (Nordmeyer, 2017). In this case, the role of the consultant will involve assessing employee training needs, then designing and conduction the actual training classes that will enable the workers to acquire the skills they need. Besides, some other functions of a consultant will include management, marketing of products and services, studying computer systems, and make recommendations and provision of auditing, tax, and accounting (Linton, 2016). With this, it is the responsibility of the consultant to maintain a professional code of practice and ethics.
The Distinction between an External and Internal Consultant
Both the external and internal consultants work in an advisory capacity for a firm. However, the external consultant is an entity that is not within the firm, hired to meet a particular goal. On the other hand, the internal consultant works in the quality control department, or the human resource of a business (Reddy, 2019). Thus, they are involved in the daily operation of the organization to improve it by identifying and solving problems as they arise.
Conclusion
Conclusively, consultancy is a unique kind of business that helps in the improvement of firms/organizations through their services. Some of their roles include can developing a strategy guide, giving support to the management, analysis of programs, and implementing projects to promote the improvement of the company. Moreover, there is no such distinction between an external and internal consultant, just that the later comes from outside the organization, and the other is within the business.
References
Linton, I. (2016, November 9). Roles of Organizational Consultants. Retrieved from https://work.chron.com/roles-organizational-consultants-17795.html.
Nordmeyer MBA, B. (2017, November 21). Roles of a Consultant. Retrieved from https://work.chron.com/roles-consultant-8395.html.
Reddy, C. (2019, October 4). Internal vs External Consultants: Advantages & Disadvantages. Retrieved from https://content.wisestep.com/internal-vs-external-consultants-advantages-disadvantages/.
What makes corporations different from individual-owned businesses?
Introduction
Many factors differentiate corporations from individual-owned business, such as control, liability, taxation, and administration. However, the purpose of the paper is not to look at their different characteristics, but it focuses on finding the nature of corporations that makes it different from individual-owned businesses. The research paper finds that what makes corporations different from individual-owned businesses is their social responsibility and corporate governance. It is essential to understand that all businesses, large or small, have a social responsibility, but corporations are the main target since they are created by law, and therefore they are expected to make profit and benefit the society. Therefore, their obligation to society is not the same as the obligation of the individual-owned business. In addition to its social responsibility that promotes social welfare and organization interests, corporations differ from the individual-owned business due to their internal and external governance. In other words, corporations have corporate governance that directs and controls the organization. Therefore, corporate social responsibility and corporate governance practices are the fundamental ways that make corporations different from individual-owned business. These different ways are not only for the interest of the corporations such as profit-seeking, but they also bring efficiency economy through creating socially beneficial endeavors.
Internal and external corporate governance
First, it is important to understand that corporations in both developed and developing countries experience corporate scandals such as financial crisis (Filatotchev & Chizu, 591). Such crises are brought by lack of professional integrity and distorted systems. To manage the crises, corporations have improved their corporate governance to strengthen the relationship with entities and corporate boards. Unlike the individual-owned business, corporations have internal and external governance mechanisms. Note that the individual-owned business is just a business that has no legal expense and its managerial decisions are not complicated (Lynott, 28). The business owner enjoys many benefits such as little costs for set up, enjoys all the profits, enjoys maximum privacy, easy to dissolve, lack double taxation, among other benefits. This means that the business does not require governance or regulatory agencies (Lynott, 28). On the other hand, corporations encounter internal problems such as managerial opportunism, misaligned objectives, and distorted incentives. To address these problems, corporations use internal governance where the board of directors controls the organization by implementing a control mechanism. For example, the board of directors have the power to dismiss a bad CEO, monitor organization performance, among other activities to ensure that operations meet the shareholders' interest (Filatotchev & Chizu, 592). Note that corporations have separation of ownership. This can lead to inefficiencies and for this reason, the agency theory states that the boards of directors evaluate managerial performance and monitors managers, and more importantly provides transparency to ensure that the operations align with the shareholders' interest. Unlike the individual-owned businesses, corporations have external corporate governance. Note that corporations have contractual relationships with other entities such as network patterns, customers, suppliers, among others. The role of external corporate governance is to solve the problems that arise from this relationship (Filatotchev & Chizu, 601). For example, during the process of internationalization, firms encounter problems that arise from control in distribution and allocation of production, exploitation of resources, and other substantial risks. The eternal governance controls the behavioral uncertainties and other microeconomic factors and risks.
Corporate Social Responsibility
Individual-owned businesses have less complicated managerial decisions, and they can be considered as a profit-seeking business. However, corporations have other roles that surpass that of seeking profit. In other words, they must maximize social welfare and at the same time, meet the organization interest (Asemah, 45). Therefore, they have a self-regulating mechanism whose role is to ensure that the organization comply with ethical standards and law. Unlike the individual-owned businesses, corporates focus not only on meeting the organizational goals but also to improve the social welfare through activities such as providing high-quality products, increase the marketability, provide reliable products, and transform the society. Even though all forms of business must comply with business ethics, corporations should be in the front line to behave ethically to improve the local community, the life of the workforce, and more importantly, bring economic development (Asemah, 46). A point to note is that corporations do not only focus on making profits, but they consider other factors such as social factors, economic factors, , and environmental factors. In making decisions, they must add value to these sectors to meet social interest. Note that the act of being involved in the society adds benefits in that corporations gain competitive advantages and enhance their financial performances.
Conclusion
Corporate social responsibility and corporate governance are important aspects that differentiate corporations from the individual-owned business. Note that in individual-owned business, the owner only focuses on making profits. He or she is interested in business activities and less likely to engage in socially responsible practices. Even though the owner may build a strong relationship with the community, the major role of the relationship is to increase sales and other practical reasons but not emotional reasons. However, corporations do not perceive profit as the only priority, but they consider their responsibility to society. This includes maintaining healthy lifestyles in the organizations, protect the environment through activities such as the use of energy-efficient properties, comply with the law, among other roles. In general, corporations focus on making a difference in society and in turn, the organization improves performance and gain competitive advantage. Another thing is that corporations have internal and external governance. This means that they have complex structures that require internal and external control. They have internal mechanisms where the board of directors provides internal control to ensure better corporate performance. They also have an external mechanism where the organization addresses problems that arise from the capital market, labor market, investor activities, and more.
Work cited
Asemah, Ezekiel S., Ruth A. Okpanachi, and Leo ON Edegoh. "Business advantages of
corporate social responsibility practice: A critical review." New Media and Mass
Communication 18.3 (2013): 45-52.
Filatotchev, Igor, and Chizu Nakajima. "Internal and external corporate governance: An interface
between an organization and its environment." British Journal of Management 21.3
(2010): 591-606.
Lynott, Bill. “Sole Proprietorship or CORPORATION?” Home-Based Travel Agent, vol. 3, no. 4, Apr. 2008, pp. 28–31. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=hjh&AN=31656049&site=ehost-live.
Topic: Creating competitive advantage and unity in the workplace
Research Question: How can we turn an upside down business into a profitable organization?
Introduction
The biggest challenges affecting today's businesses are competitive challenges and lack of employee cooperation. Today, companies are operating in a dynamic environment that is characterized by changes in technology, law, and regulation, new competitors, environmental uncertainty, among other economic changes. For a business to maintain their competitive position in the dynamic environment, they must compete aggressively. To achieve the aggressive competition, the firms should first conduct a competitive market analysis to understand the market and financial performance of the competitors. After following the competitors in terms of their strengths and weaknesses, products and services, positioning and branding, among other relevant information, the firm should promote cooperation in the workplace. These strategies; knowing the competitors, identifying internal and external factors that affect your competition, and ensuring unity in the workplace will at long last, help the organization achieve a competitive edge.
Gaining competitive capabilities and competitive intelligence through environmental analysis
Adom et al., (2016) asserts that it is essential for organizations to understand the external business environment, the changes occurring, and the impact that these changes have on business. One of the elements in the external business environment is the competitive environment. Even though there are other elements as technological elements and political and legal elements, organizations must understand the competitive environment since it is the primary sector that is hindering organization from achieving competitive advantage (Adom et al., 2016). The author asserts that today, businesses are influenced by various forces, and one inevitable force is competition. All firms, big or small, have direct and indirect competitors. Failure to understand the competitive environment affects the business in that the organization does not add value to the products, it does not upgrade products, customers do not get more options, and the business remains unproductive (Adom et al., 2016). Thus, the author states that in order to improve the business, it is important to analyze the competitors. Note that the analysis will help understand the industrial environment, identify the competitor's strengths and weaknesses, their competitive strategies, how they achieve success, their customer motivators, their assets and skills, and other relevant information. This information will help the organization come up with a strategy to achieve a competitive advantage (Adom et al., 2016). An important point to note is that if the organization does not understand the competition, it will end up producing similar products and compete for the same resources. However, once the organization understands the competitors, the organization will be in a position to produce unique products and services, and more importantly, will improve all business performance.
Bergen & Peteraf (2002) state that the organization should understand all types of competitors; that is; direct competitors- these are companies that produce similar products and services. The competition by these companies is intense in that customers have a higher opportunity to compare product and prices. Other competitors are indirect competitors- these are companies that produce goods and services that are comparable. Consumers believe that the products are different, but they have the same value proposition. The last competitors are future competitors-these are companies that have not entered in the marketplace, but if they enter the market, they will offer an intent competition and take a high market share (Bergen & Peteraf, 2002). For the business to tackle competition challenges, it is important to understand the external environment. These include the industry and competitors, and the information will help identify the area of improvement, solve the current challenges, and more importantly, achieve strategic success.
Dasgupta et al., (2015) add that for the company to understand the competitive environment and develop strategic decisions, it must have a competitive intelligence (CI). Currently, the organization relies on business profile information. However, the information is incomplete, and as it lacks facts. In most cases, the organization derives information from a single data sources which lacks reliability and validity. The author recommends that for the organization to derive sufficient data, it is important to use text mining (Dasgupta et al., 2015). Note that in gathering competitors' data, the main aim is to understand the opportunities and threats and ultimate make informed decisions. It means that organizations must gather enough data in order to gain competitive intelligence. Note that in the past, competitive intelligence was achieved by analyzing the company performance and derived data from big players. This method is not effective in that there is restrictions, and only a few competitors are found in such a focal firm's domains. The article asserts that the organization can now analyze competitors and derive the information from internet resources (Dasgupta et al., 2015). These sources improve the competitive intelligence in that the organizations will access both primary and secondary data in large quantities. Companies can access hiding knowledge from news articles and social media postings. The author recommends an advanced approach for information extraction, which is text mining. This approach will help the organization identify significant competitors, including direct and indirect compositors (Dasgupta et al., 2015). These sources will increase the company's competitive intelligence and help the company design competitive strategies.
Cooperation at the Workplace
Čič & Žižek (2017) assert that lack of employee cooperation in the organization can affect productivity and competition, and lead to interpersonal conflict. The authors assert that in today's labor market, there is four different generations of employees. It is important to understand that these employees have different behaviors which improve business processes, but at times, they may lead to adverse outcomes (Čič & Žižek, 2017). Thus, to avoid conflict among the four generations, the organization should ensure intergeneration cooperation. Note that the generations do not only vary in attitudes, but they also vary in age, race, among other factors. To unify the older, young, experienced, inexperienced, and male, and female employees, the organization must promote intergenerational cooperation (Čič & Žižek, 2017). This entails bringing together all four generations in a joint work to eliminate gap and conflict, encourage career development, and foster knowledge transfer. Note that intergeneration cooperation will expand social networks, and the different generations will help each other, and through the exchange of knowledge, individuals will reduce inter-generation stereotypes (Čič & Žižek, 2017). Leaders should identify the strengths of the different ages and create an organizational culture and supports cooperation. Cooperation should be based on having a common organizational culture, common vision, and valuing diversity. Tinuke (2013) adds that in the workplace, managers should improve cooperation through team building. The latter improves team performance in that the employees work closely as cohesive units. They support each other and plan and make decisions corporately. Thus, managers should not only create inter-generational cooperation, but they should also develop a culture of teamwork through clearly communicating the expectations, and rewarding the teamwork.
Conclusion
The literature review has found that a company cannot survive without competition. Big companies are using the latest technology and other competitive strategies to achieve competitive advantage. For a company to survive, it should not fear competition, but rather it should analyze the competitive environment and understand the products, policing, strengths, strategies, among other relevant information concerning other organizations. The analysis will help the organization identify the direct competitors, understand the competitive position, understand competitor's strategies, and select strategy. The strategy will help the organization improve performance and ultimately, gain a competitive advantage. Another important point is that competitive analysis and implementing the best strategies in the organization will not work if there is no employee cooperation. Therefore, managers should bring the four generations of employees into a cohesive unit and create a cooperative culture that entails helping each other, valuing diversity, and working as a team.
References
Adom, A., Nyarko, I., & Som, G. N. (2016). Competitor Analysis in Strategic Management: Is it
a Worthwhile Managerial Practice in Contemporary Times?. Journal of Resources
Development and Management, 24.
Bergen, M., & Peteraf, M. A. (2002). Competitor identification and competitor analysis: a broad‐
based managerial approach. Managerial and decision economics, 23(4‐5), 157-169.
Dasgupta, S., Xue, Y., & Zhou, Y. (2015). Examining Competitive Intelligence Using External
and Internal Data Sources: A Text Mining Approach.
Čič, Ž. V., & Žižek, S. Š. (2017). Intergenerational Cooperation at the Workplace from the
Management Perspective. Naše gospodarstvo/Our economy, 63(3), 47-59.
Fapohunda, T. M. (2013). Towards effective team building in the workplace. International
High TechMobile Company will be involved in phone interpreting services and will be based in California, Bunker Hill Ln, Santa Clara, CA 95054 where it will serve the needs of customers in different markets across the world. As a limited liability entity, the company seeks to redefine the High TechMobile Company by ensuring clients in various regions access high-quality services that fulfill their needs. Similarly, the firm will ensure that the roles of all workers and managers are defined appropriately so that they attain good results in different activities they do. In the last three months, the firm conducted a test marketing initiative that enabled it to examine the viability of the business model and specific issues it needs to consider to achieve positive results. Further, the organization examined regulatory challenges that are likely to affect the way it does business in different locations. Consequently, various sections of the business plan address the factors the organization needs to consider to ensure it achieves its long-term purpose in the industry.
Figure 1. Google Maps (n.d.-a) [2953 Bunker Hill Ln, Santa Clara, CA 95054]. Retrieved July, 30, 2019 from https://goo.gl/maps/Yo1h5d8wy77vdvFZ6
Figure 2. Google Maps (n.d.-a) [2953 Bunker Hill Ln, Santa Clara, CA 95054]. Retrieved July, 30, 2019 from https://goo.gl/maps/Yo1h5d8wy77vdvFZ6
Mission
High TechMobile Company seeks to offer high quality English, Spanish and Hindi phone interpretation in U.S, Canada and U.K. Its mission will be driven by values that focus on excellence, fulfilling consumer expectations and being innovative in various activities employees will undertake in the market. The firm seeks to build partnerships with both for-profit and nonprofit entities that allow it to realize its long-term purpose in the phone interpretation industry.
Vision
High TechMobile Company intends to become a symbol of excellence in the industry by allowing its clients to benefit from cutting edge technological solutions and services that improve their lives. Through imparting high-quality skills to its employees, the firm will be driven by best social, environmental, and economic practice standards in various activities it does in the phone interpretation industry and expand into Europe, Asia and Latin America and provide more languages in the next 5 years.
Purpose
The firm’s main purpose is to offer high-quality High TechMobile Company services to a diverse clientele globally. Such an objective requires the firm to assess its competitive advantages that will offer value to its clients in various locations where they are based. In the same vein, the organization intends to partner with vendors and other information technology service providers to ensure it offers consistent services to its clients . Therefore, such a focus will allow the organization to be innovative in various activities it does to achieve better outcomes in its operations in the long-term.
Company Description
Legal Structure
The company will be a limited liability company that will have 2 shareholders whose ties to the company will be defined by a legal contract. In effect, the organization will be involved in various activities that will affect how it obtains revenues in the market it will be operating in. By defining the role of the two managers and employees, the organization will be in a position to take on any challenges that are likely to affect its performance in the industry. In future, the organization might decide if it needs more shareholders to help it acquire more capital to improve its business operations in the industry (Mckeown, 2012). Therefore, all shareholders will be allowed to contribute their ideas in different company meetings that bring about the desired changes in the way the organization operates.
Advantages of limited liability company Legal structure
The Legal structure do not have any restrictions on the member show are allowed into the company. In this case, High TechMobile Company will increase its shareholders in the coming years leading to increased level of investments. High investments would lead to high revenues.
The legal structure allows High TechMobile Company too have a flexible management system for its success. The success of the company is tied to the company management and the quality of top level managements.
High TechMobile Company will have reduced formalities that affect the company operations.
The debts in the High TechMobile company cannot affect the shareholders. The business is liable to its liabilities in the operations.
Disadvantages of limited liability company Legal structure
Unlike the advantages of limited liability company Legal structure, the structure is quite expensive as compared to other legal structure such as the Sole Proprietorship.
It is also hard to transfer the ownership of the limited liability company Legal structure
Core Competencies
The organization will focus on offering phone interpretation services to different clients who seek to communicate with other parties in diverse locations. The service will allow clients to enter special numbers where they would be able to talk to a specific language interpreter who will connect them to another party. It is worth noting that there has been an increase in the number of telephone users who seek to conduct business with people from other geographic or cultural backgrounds who speak different languages (Mckeown, 2012). Ultimately, the organization will make it easy for organizations that seek to contact suppliers, clients, or regulatory agencies in other locations to communicate in a confidential manner. Significantly, the service will make it possible for all parties involved to reach their intended targets more effectively through available interpreters in less than 60 seconds. Significantly, customers will be able to rate the service after their calls are completed to allow the organization to improve its operations in the industry.
The company has developed a strategic plan that ensures company competitive positioning. It is worth to note the core competencies will make the company acquire high level of revenues, high profitability, and high market shares. Among the key competences in the company include the flowing;
Ensure professionalism in handling all levels of service. The phone
interpretation should be prompt and accurate thereby gaining the loyalty of
satisfied customers and generating new customer growth.
Employment of skilled personnel that ensure effective services deliver to the
customers leading to improved customer satisfaction. Such a step would make the
company more competitive.
Reward high creativity and innovation in High TechMobile company that would increase the company performance. Such a step would lead high company performance and competitive advantage.
History of Business
High TechMobile Company will offer phone interpreting services and will be based in California, Bunker Hill Ln, Santa Clara, CA 95054 where it will serve the needs of customers in different markets across the world. The company has been conducting test marketing in the last three months meant to assess the viability of its business model in the industry. I have decided to start up the company because of the market niche that is in the phone interpreting services. The market has not need ventured and I believe I can make high profits from the venture. Consequently, the approach has allowed the organization to understand the needs of various client groups and how they can be fulfilled by the services it offers. It has gathered information from hotels, conferences, travel agencies and other organizations regarding the best way it can roll out its services to help it achieve its goals in the High TechMobile Company (Ozolins, 2011). Further, the company has used test marketing to determine the types of product packages it can offer its clients so that their expectations are fulfilled in the long-term. The approach has enabled the organization to understand the costs associated with its operations and some of the regulatory challenges it needs to deal with so that it solves existing problems in the market. However, the firm is still assessing how it can overcome its rivals in the industry to enhance the overall appeal of its brand.
Products-Services
The firm will mostly specialize in business and hospitality phone interpreting services for its clients from diverse locations. The first service will target professionals from various parts of the world who visit the United States, Canada, or the United Kingdom with limited fluency in English (Ozolins, 2011). On the other hand, the second service will target international tourism visitors who cannot speak English seeking to book hotels and airlines in the three countries. The third service entails offering interpreting services to hotels, airlines and travel agencies seeking to attract various firms and people in countries where English is not widely spoken. Therefore, the three services will allow the organization to develop a business model that is responsive to most clients to ensure the organization achieves better outcomes in its operations.
Short Term and Long-Term Goals
Short-term goals in the firm will mainly be;
Increasing awareness about the value it offers to relevant client groups
Complying with regulatory objectives in all countries where its operations will be based
Attracting qualified personnel to ensure essential tasks are performed accordingly
Selecting appropriate technologies and suppliers to enhance its overall performance in the industry.
Increasing its presence in various local and regional markets
Achieving efficiency in its operations
The long-term goals of the firm include:
Expansion into Europe, Asia and Latin America
Achieving high levels of profitability
Increasing the number of services it offers clients
Getting involved in more complex projects that help it achieve competitiveness
Increasing the number of partnerships it has in local and foreign markets.
SWOT Analysis
Table 1
SWOT Analysis
STRENGTHS.
· High innovative abilities in the organization.
· Skilled employees.
· Strategic Location that is accessible.
· High level of investments that would increase the asset base of the company
· Abides by the Legal requirements
WEAKNESS
Ø Limited Technical competency.
Ø Low information accessibility.
Ø Poor response to uncertainties.
Ø No legal structure to deal with emerging issues.
OPPORTUNITIES
§ Expected number of visitors from non-English speaking
§ Partnership with international organizations.
§ An increase in global trade will create more demand for its services.
§ Artificial intelligence allows the organization to explore new areas of future growth
THREATS.
ü Cut-throat competition.
ü Employee turnover in future might affect its growth potential.
ü Technological changes.
ü Inflation and currency volatility.
ü Cultural ad hocs
Strengths.
The firm has a strong financial position that allows it to explore various ideas that are crucial to growth. The organization has skilled personnel who are willing to sacrifice to achieve objectives. The firm has networks in the U.S., Canada and Europe. (Kelly, 2008). The firm has obtained all required permits and licenses (Kelly, 2008). High TechMobile Company will have high innovative abilities and qualified peroneal that would lead to company development. All these will lead to high level of investments that would lead to company stability.
Weaknesses. Inadequate information about various aspects of the market might expose it to risks. It does not have the technical capabilities needed to compete effectively
There are business uncertainties that might affect its overall competitiveness (Kelly, 2008).
Opportunities. An increase in the number of visitors from non-English speaking countries such as China, Brazil and Russia offers the company a chance to grow its services.
An increase in global trade will create more demand for its services.
Improving partnerships with other organizations in other countries will make it easy for the firm to expand in future (Kelly, 2008).
Artificial intelligence allows the organization to explore new areas of future growth (Kelly, 2008).
Threats. High levels of competition might affect the returns realized in its business:
Employee turnover in future might affect its growth potential.
Changes in technology might hamper their competitiveness (Kelly, 2008).
Currency changes might affect the overall stability of their business.
Cultural factors might make it harder for the firm to expand into new markets (Kelly, 2008).
Key Performance Indicators
There are several key performance indicators that will determine whether the firm is performing its responsibilities as expected. The main categories for key performance indicators in the organization will be sales, finance, project management, and marketing.
Sales Performance Indicators
Customer satisfaction will enable the organization to determine if it offers value to clients using the client feedback systems that will be established. Advertising return on investment will allow the firm to determine effective approaches it needs to use to reach out to the necessary clients (Schermerhorn & Bachrach, 2015). The sales revenues attained by employees in various departments will allow the company to determine whether it is making enough returns in its business.
Finance Performance Indicators
Assessing costs associated with different departments will allow the firm to establish if it is on the right track. Measuring quarterly profits, revenues and expenditures will allow the organization to find out if all essential activities are being performed as expected. The average daily rate will allow the firm to establish the number of clients that use its service on a given day and how such metrics affect its profitability (Schermerhorn & Bachrach, 2015). The average length of calls will make it possible for the organization to determine the time spent by clients whenever they use its services and how such metrics affect profitability. It will also be necessary for the firm to assess its liquidity to establish if it can execute day to day functions in the industry.
Project Management
The time taken to complete technological projects will allow the organization to determine if it is likely to satisfy the expectations of its customers. Value to be realized from various projects conducted will make it easy for the firm to establish whether it has the required personnel to fulfill the demand of its clients (Schermerhorn & Bachrach, 2015). The nature of long-term contracts the firm has with clients and suppliers will enable managers to establish if it is capable of performing multiple functions simultaneously. The life cycle value of various activities will make it easy for the firm to assess its overall benefits to its survival in the industry.
Marketing
The nature of clients who purchase its services will determine the overall reach of services the firm sells in the market. The performance of each product category will allow the firm to determine if the marketing strategies it has used are effective in attracting clients from different backgrounds. The number of repeat clients will allow the organization to find out if its services are considered valuable by clients who purchase them in various markets (Schermerhorn & Bachrach, 2015). The reactions to its services in social media and other traditional media platforms will allow the organization to establish if its overall strategies have yielded the expected results.
PRODUCTS AND SERVICES
Product and Service Description
The firm’s business model will focus on offering Phone Interpretation services. The specific services that would be offered in High TechMobile Company will be;
Teach people to be bilingual.
Offer training on the medical terms.
Teach people various cultures.
There will be three main service packages targeting selected clients groups to help it achieve the desired results in its operations. The first package will serve professionals from various parts of the world who visit the United States, Canada or the United Kingdom with limited fluency in English who seek to engage in different business activities. On the other hand, the second service will target international tourists who cannot speak English seeking to book hotels and airlines in the three countries (Ozolins, 2011). The third service entails offering interpreting services to hotels, airlines, and travel agencies seeking to attract various firms and clients in countries where English is not widely spoken. Lastly, the firm intends to develop data labeling and speech refining services to firms seeking to communicate via video conferencing solutions to different clients globally.
Pricing strategy of the Products
High TechMobile Company would consider the prevailing market prices before it set its prices. The prices of products need to be well analyzed for the company to get high number of customers. In this case, the company will have number of customers as prices have direct correlation with the demand. The interpreting service fee for the first month will be:
Table 2
Monthly service fee
HOTEL
HOSPITAL
TRAVEL ANGENCIES
CONFERENCES
Service Fee/Monthly
$510
$350
$300
$150
However, there will be costs associated with suppliers, services, and products in various locations. Some of the benefits customers are likely to experience will be lowered transaction costs whenever they communicate with other individuals from different parts of the world. Further, the firm will create innovative products and services that serve all needs of consumers to satisfy them in the long-term. Similarly, the organization will focus on creating good relationships with consumers to enhance its overall reputation in the industry. Flexible interpreting services offered will allow customers to send different files beforehand to ensure parties they transact with are informed of their expectations and requirements (Spender, 2014). The firm has an edge over its competitors due to the way its service solves cross-cultural differences that hamper international business and socialization.
Suppliers and Cost
The main suppliers will be telecommunications and internet product sellers and service providers to allow the company to reach out to various clients it seek to attract in the market. For planning, the following items will be supplied;
Seven Computers for interpreters, two managers and owner
13 Headsets for 8 interpreters, 2 independent contractors, two managers and owner: myself
Phones with recorders
Printer
Fax Machine
Tables and chairs
Table 3
EQUIPMENT
ESTIMATED COST
7 computers
$56,00
Headphones (13 Pieces)
$,650
Telephones(with recorders)
$150
Printer
$100
Tables and chairs (8pairs)
$600
Total
$7100
Component suppliers and external technical teams will offer crucial support to the firm’s technical infrastructure to ensure all activities run smoothly. Moreover, the organization will sign contracts with service providers for maintenance and network upgrades according to the functions it performs in the industry. Such an approach will allow the organization to determine how suppliers affect its operations and some of the changes it needs to introduce to enhance its competitiveness (Pinson, 2008). As a result, the organization will be in a position to strengthen various internal and external systems to achieve the value it seeks in its operations.
Table 3. Equipment and Cost
Customer Benefits
The firm’s operations will focus on offering high-quality services to customers in the industry. All complaints will be assessed based on their merits and dealt with accordingly to ensure clients get positive experiences whenever they use the firm’s services. Alternatively, the firm will introduce loyalty points where repeat customers will be given discounts and other benefits to make them understand how the firm appreciates them (Pinson, 2008). Customers will also be encouraged to engage in other activities that are crucial to the development of the brand in the industry. In the same vein, the organization will introduce consumer loyalty schemes to reward loyal clients who purchase different service plans it sells in the market. Therefore, they will be offered discounts on their future purchases to encourage them to maintain long-term relationships with the organization in the industry.
Product Life Cycle
Research and development will be an ongoing process that will allow the organization to experiment with various innovative ideas before they are made part of the business model. By introducing the services to the market, the firm will be able to find out their viability and how they are likely to be perceived by various consumers. It is worth noting that the firm will rely on various promotional approaches to increase the growth of its brands in different locations (Hoffman & Ford, 2009). When the market matures, the firm will focus more on markets in other countries with low levels of saturation to increase its overall visibility in the market. Thus, the organization intends to use innovative approaches to ensure that its brands remain attractive to clients in diverse locations. Further, constant improvements will allow the organization to deal with new trends in the market to ensure its products and services satisfy existing needs in different segments.
Research and Development Activities
Research and development functions will allow the organization to assess specific processes it needs to utilize to achieve high levels of efficiency in its operations. Moreover, investing in research and development will allow the organization to establish specific markets it needs to enter to increase its returns in the industry. The firm seeks to make all its processes innovative to enable it to have a higher competitive edge over other organizations in the industry (Hoffman & Ford, 2009). Such an approach will allow the organization to fulfill the needs of its clients in various markets more effectively. On the other hand, effective investments in research and development will enhance the capacity of the firm to respond to new challenges that affect its business model in the industry. As a result, the firm will be in a position to experience long-term growth in various activities it does.
For this case, the company will undertake the following R&D activities in order to become innovative;
Analyze on the Market segmentations for easily delivery of services to the customers.
Develop new technological advancements that improves on the company performances and makes the organization succeed.
Undertake a market research to analyze on the market niche and ways to cover up the market niche.
Analyze and brainstorm on the customer feedbacks on the company performances and the quality of products.
Undertake product experimentation and also on product modification.
Corporate Social Responsibility
It is worth noting that the firm intends to collaborate with nonprofits and other community-based organizations to ensure it is business activities satisfy environmental and social best practices. In effect, it will partner with various human rights organizations. First, we will partner with World Vision and the United Nation to increase awareness of human trafficking and sexual exploitation of minors in poor communities (Wheelen & Hunger, 2015). One Environmental Matters, the company will partner with United Nations Environmental Programme (UNEP). Thus, the approach will allow the organization to create awareness about these salient issues that impact negatively on the wellbeing of different communities. CSR enables an organization to use sustainable business practices to make a lasting impact in various locations where its operations are based. In effect, it will be vital for the organization to build and maintain strong networks that allow it to utilize its expertise for the greater good of various communities where its operations are based.
MARKET ANALYSIS
Industry Analysis
According to Nimdzi (2019) market report, the language and interpretation industry is expected to grow rapidly in the next five years. At the moment, the market is valued at 53.5 billion but is expected to be worth 70 billion by 2023 because it will be growing at the rate of 6.8% in the coming five years (Nimdzi, 2019).
The largest organizations are based in Western Europe and North America even though there are other smaller and medium sized organizations operating in the Far East and Australia. More than 50% of the language and interpretation market in the world is occupied by the European nations while the US constitutes 39.41% of the market share (Mazareanu, 2019).
Demand for translators such as French, German, Portuguese, Spanish, and Russian, who frequently translate English as a source language, will continue to be high. In addition, demand for Arabic and other Middle Eastern languages, Asian languages such as Chinese, Japanese, Korean and Hindi is also expected to be high. In addition, the number of tourists traveling to North America and Europe is increasing year by year, and the number of foreign residents in these counties is also increasing each year.
Figure 4. United States Tourist Arrivals
Figure 5. Number of international Tourist to Europe
Telephone interpreters are mainly used by foreign tourists and foreign residents.
It is used in various situations such as hotels, airports, hospitals, courts, police stations, travel facilities, travel companies, and restaurant reservations globally. Moreover, telephone interpreting services are usually provided 24 hours a day to deal with various situations.
The services are usually offered on the big airport to direct clients on arrivals and departures, on plane transit offer explanations to the passengers on necessary information passed clearly, in big hotels and also in various tourist attraction sites.
In many instances, firms need to hire multilingual interpreters who are fluent in more than two international languages. Good communication skills enable interpreters to handle customer requests more effectively and connect them with the people they seek to speak to.
The industrial wage for a worker in the translation and interpretation industry amount to a total of $49,930 as of May 18. The wages for the translators and interpreters had a varying medium wage depending on the industry. For example, the medium annual wages for translators and interpreters in scientific, professional, and technical services amounted to about $55,450, followed closely by an annual wage of $54,940 for the government interpreters and translators.
Similarly, the states, local and private hospitals constituted an annual wage of $49,560 while state, local and private educational services amounted to about $47,940 ("Interpreters and Translators: Occupational Outlook Handbook: U.S. Bureau of Labor Statistics," 2019). The varying in the medium value of wages for the workers in the translation and interpretation industry was influenced by the level of skills required, language, specialty, education, experience, the type of employer and the certification of the translator or interpreter as demanded by the employer. For example, interpreters who offer conference interpretation services earn higher due to the high level of skills required in this job. Conversely, interpreters and translators who work independently as individuals offer hourly rates depending on the complexity of the job and the skills demanded by the job.
The table below shows medium annual wages for interpreters and translators as of 2018.
Figure 6. Medium Annual Wage for interpreters
The table above was retrieved from https://www.bls.gov/ooh/media-and-communication/interpreters-and-translators.htm#tab-5
Market Analysis
Under the market analysis, the analysis will focus on the demographics, market segmentation, the competition level, barriers of entry into the market and the regulations. On demographics and market segmentation, High TechMobile Company will crucially access the size of the market and level of investments that it come market. The market size is huge especially after identification of the market niche that was needed. In the analysis, the volume and value of the market size will be determined. All these will play a significant role to decide on the feasibility of the analysis. From this case the analyses could be as follows,
Table 4
TARGETED MARKET
ANTICIPATED GROWTH
Major hotels
70%
University hospitals
65%
Travel agencies
60%
Business people
87%
Figure 7: A graph showing the projected amount to be received for the targeted market audiences against the projected customers outcomes
Y-axis
D
90
80
B
A
70
C
Percentage 60
amount to be 50
received 40
30
20
X-axis
Customer shares
Table 5
KEY
A
Major hotels
B
University hospitals
C
Travel agencies
As much the objectives of the enterprise are concerned, the management authority will take the task of meeting the need of its clients especially major hotels, university hospitals, travels agencies, as well as other people who are interested with the services it will be offering. The reason for that is because it is the one that has the propensity of enabling them to have a higher assessment to high-quality services that has the ability of enabling the company to improve its image in the industry (Longenecker, 2013).
Major hotels
In the process of utilizing the existing services in major hotels, it is evident that it will be easier for the customers to understand the services they offer taking into consideration that they will be receiving customers from different ethnic backgrounds. This in return will assist management authorities of the major hotels to be approached to realize better communication results in the process of serving their customers, especially tourists. Moreover, the use of the market interpreters will enable such business organization to be in the position of examining the viability of the existing communication models in the hotel industry as well as some of the issues that can enable it to realize positive results (Ruzzier et al., 2013).
University hospitals
Always in hospitals, each day physicians end up serving patients from different ethnicities. In addition to that, market interpreters will be used by the organizations in university hospitals for the purpose of enabling the doctors to understand the signs and symptoms of the patient. Moreover, that will assist physicians to better explain to patients the available medical attention to be provided to them as well as other out-patient services to be provided. Accordingly, the use of the market interpreters will enable these organizations to be in the position of identifying the best means of meeting the requirements of their patients (Crane, 2010).
Travel agencies
Nonetheless, travel agencies also take the task of offering travelling services to people from different ethnic background. Therefore, through the use of market interpreters, it will be easier for individual working in such organization and the client to understand the needs of each other using interpreters. Ideally, the infusion the insights of the interpreter will have the potential of making a huge difference for traveling agencies because of the need of retaining customers. That in return will aid in aligning the strategies to be used in meeting customer needs and wants in such organizations (Orcullo, 2008). In return, it will be easier for the management authority to be in the position of coming up with the best means of handling some of the problems they could have encountered as a result of language barrier.
Business people
As much as communication technological advancement is concerned, the services to be provided by the company will enable people to explain to their clients about the product or the services they offer. Moreover, the use of interpreters of the company will enable business people to be able to respond to the complaints of customers taking into consideration that they will be serving people from different ethnic background. On the other hand, regardless of their ethnicities, it will be easier for the receiver of the information to be able to understand the message that they receive. The use of market interpreters will enable the company to be in the position of connecting them with customers who desire to speak amongst themselves although might not be sharing the same language (Samson & Daft, 2012).
With regard to the above mentioned organizations, the use of the marker interpreters those organizations will assist the business to be in the position of understanding the language of a person as well as how to make him or her comprehend the message being received. There are various business organizations that offer the same services, including governmental organizations, for-profit business organizations, non-profit organizations, and so on (Phelan, 2001). This will also have to take into account the mechanisms the enterprise will use to analyze how customers are contented with the services they will be receiving. Such a procedure will of course give it a competitive edge.
High TechMobile Company will seek to ensure that the potential customers are utilized to ensure company development. Exploitation of the potential market would ensure that the company has a high revenues and high competitive advantage over its peers. The market values that have been elaborated enable the company to improve and strategically position itself. Finally, the barriers that could be available to enter into the other market will need to be illustrated in the market. All these will be useful for company development. The analysis will involve both qualitative and quantitative analysis. It will critically analyze on the size of the market and its value, customer segmentations, level of competition on the interpreter sector and other economic environment such as barrier of entry and exits in the market. In the marker analysis, demographic segmentations will be analyzed. In this analysis, the competitive position, value of the firm and the target population.
Demographic market analysis
After the analysis of the market, It has been noted that some languages are common than others. This has been shown the diagram below;
Figure 8. - Language analysis.
In the market, more firms are improving their overall technical competence to enable them achieve their objectives. The language services sector is divided into various segments and the largest 20% of the companies account for the highest revenue obtained from different operations. Similarly, about 74% of medium and large firms in the industry have their headquarters in either the United States or Western Europe (Nimdzi, 2019). Other nations whose firms have a significant presence in the market include China, South Korea, Taiwan, Singapore and Japan. Significantly, changes in currency are likely to affect companies in various regions and their overall profitability. In this regard, it is vital for organizations to streamline their operations to ensure they are not affected by unexpected changes in foreign currency values in various markets. On the other hand, mergers and acquisitions still play a critical role in the market because they allow large corporations to purchase small and medium-sized firms that have a strong performance in specific niches. Similarly, there is likely to be an increase in firms that exploit opportunities in artificial intelligence to allow them to serve the complex needs of various clients. Therefore, it is vital for the firm to plan for future growth to help it fulfill complex expectations of customers from diverse social and economic backgrounds.
Target Market
High TechMobile Company will mainly target Marriott and Hilton hotels, international conferences, university hospitals, travel agencies and other organizations that need interpreter services. Hotels deal with clients from diverse backgrounds and the organization will focus on offering them high-quality services that are designed to fulfill the expectations of their customers. In the process of utilizing the existing services in major hotels, it is evident that it will be easier for the customers to understand the services they offer taking into consideration that they will be receiving customers from different ethnic backgrounds. This in return will assist management authorities of the major hotels to be approached to realize better communication results in the process of serving their customers, especially tourists. Moreover, due to the fact that the number of guests who visit the hotels, especially Hilton and Marriot are increasing tremendously, there is the need of ensuring that they have understood each other well in the process of offering the services required. Therefore, since the majority of the customers they serve do not speak English, the hotels will be in the position of using our services more frequently to foster their day-to-day operating activities. What this implies the fact that the hotels will continue to seek the services we will be offering so as to maintain, retain, or increase the number of customers that they will be serving (Ruzzier et al., 2013).
Always in university hospitals, each day physicians end up serving patients from different ethnicities. In addition to that, market interpreters will be used by the organizations in university hospitals for the purpose of enabling the doctors to understand the plight of the patient. Accordingly, the hospital will require our services, especially medical interpreters who have the ability of interpreting the medical terms to the patients. Moreover, in using our services, it will assist physicians to better explain to patients the available medical attention to be provided to them as well as other related services. Therefore, the use of the interpreters in university hospitals will enable physicians to be in the position of improving the therapeutic services they offer (Crane, 2010).
On the other hand, travel agencies and conference organizers will need the services to help them streamline their operations and offer clients more value for their money (Pinksteret al., 2013). As explained from above, travel agencies also take the task of offering travelling services to people from different ethnic background. Therefore, through the use of interpreters, it will be easier for individual working in such an organization and the client to understand the needs of each other using interpreters. The use of tour guides from our business will enable travel agencies to better meet the needs of tourists through enabling them to understand all that transpires in the regions they might be visiting. Therefore, the infusion the insights of the interpreter will enable travel agencies to a huge difference for traveling agencies because of the need of retaining customers. In return, it will be easier for the management authority of travel agencies to be in the position of coming up with the best means of handling some of the problems they could have encountered as a result of language barrier (Orcullo, 2008)
As much as communication technological advancement is concerned, the services to be provided by the company will enable business people with high income to understand all the details concerning the international conferences they will be attending. Moreover, the use of interpreters in international conferences will enable the attendants to let everybody understand their views taking into consideration that they will be coming from different ethnic background. As a result of that, this will make it easier for such individual to understand each other hence improving their business terms
Table 6
MARKET SERVICES
PEOPLE SERVICED
SERVICES PROVIDED
ANTICIPATED SERVICE GROWTH BY THE END OF THE YEAR
Major hotels
Non-English speakers, especially Spanish, Chinese and Hindi
Translators who translates English to Spanish, Chinese, or Hindi
89%
University hospitals
Non-English speakers, especially Spanish, Chinese and Hindi
Medical translators who translates English to Spanish, Chinese, or Hindi
80%
Travel agencies
Non-English speakers, especially Spanish, Chinese and Hindi
Tour guides who translates English to Spanish, Chinese, or Hindi
75%
Business people
Non-English speakers, especially Spanish, Chinese and Hindi
Translators who English to Spanish, Chinese, or Hindi translators
95%
Figure 9: A graph showing the percentage projected amount to be received for the targeted market audiences against the projected customers by the end of the year
Y-axis
100
A
D
90
C
B
80
70
Percentage 60
amount to be 50
received 40
30
20
X-axis
Customer shares
Table 7
KEY
A
Major hotels
B
University hospitals
C
Travel agencies
D
Business people
In essence, the organization will focus on creating strong working relationships with such entities to ensure they are satisfied by the services it sells in the market. In the first two years, the firm will mainly target English, Spanish, French, German, Portuguese, and Chinese speaking clients to develop a strong reputation in the market. Afterwards, it will consider adding other languages such as Japanese, Arabic, Italian, and Russian to appeal to clients from other cultural backgrounds. Offering services in many languages will make it easy for the organization to understand intercultural dynamics that are critical to its performance in different locations in the long-term.
Most of the targeted consumers will be middle and high-income individuals who are willing to pay for premium phone translation and interpretation services whenever they visit western nations. Both male and female clients who verify their identification using different online tools will be allowed to use the services to prevent any instances of online fraud. Similarly, the organization will focus on creating loyalty programs for different categories of clients to help it achieve its long-term goals in the industry (Pinkster et al., 2013). Crucially, the service staff will be required to be fluent in more than one language in addition to English to help them respond to customer queries more effectively. Such an approach will allow the organization to safeguard the wellbeing of its clients in the industry by ensuring they are not misled into dubious transactions that are harmful to their wellbeing. Similarly, it is necessary for the organization to ensure all service staff understands their legal and ethical responsibilities whenever they deal with clients so that different problems do not arise.
References
Crane, F. G. 2010. Marketing for entrepreneurs: concepts and applications for new ventures. Thousand Oaks, Calif, SAGE. https://archive.org/details/marketingforentr00cran.
Longenecker, J. G. 2013. Small business management: launching and growing new ventures. Brantford, Ont, W. Ross MacDonald School Resource Services Library.
Orcullo, N. A., JR. 2008. Fundamentals of strategic management. Manila, Philippines, Rex Book Store.
Phelan, M. 2001. The interpreter's resource. Clevedon, Multilingual Matters.
Ruzzier, M. K. & Hisrich, R. D. 2013. Marketing for entrepreneurs and SMEs: a global perspective. http://www.elgaronline.com/view/9781781955963.xml.
Samson, D., & Daft, R. L. 2012. Management. South Melbourne, Vic, Cengage Learning.Egan, C., & Thomas, M. (2010). CIM Handbook of Strategic Marketing. Routledge.
Gomez-Mejia, L. R., Balkin, D. B., & Cardy, R. L. (2008). Management: People. Performance, Change. 3rd edition, New York USA: McGrawhill, 19.
Google Maps (n.d.-a) [2953 Bunker Hill Ln, Santa Clara, CA 95054]. Retrieved July, 30, 2019 from https://goo.gl/maps/Yo1h5d8wy77vdvFZ6
Hoffman, M. F., & Ford, D. J. (2009). Organizational rhetoric: Situations and strategies. Sage.
Kelly, N. (2008). Telephone interpreting: A comprehensive guide to the profession. Trafford Publishing.
Mckeown, M. (2012). The strategy book. London, UK: FT Prentice Hall.
Moran, A. (2015). Managing Agile: Strategy. Implementation, Organisation and People.
Nimdzi (2019). The Nimdzi 100: The 2019 ranking of the largest language services providers in the world. Nimdzi Report. Retrieved from https://www.nimdzi.com/2019-nimdzi-100/
Ozolins, U. (2012). Telephone interpreting: Understanding practice and identifying research needs. Translation & Interpreting, 3(2), 33-47.
Cannon, J., McCarthy, J., & Perreault, W. (2008). Basic marketing. A marketing strategy planning approach. New York: McGraw-Hill.
Pinkster, I., Van De Burgt, B., Janssen, D., & van Veenendaal, E. (2006). Successful test management: an integral approach. Springer Science & Business Media.
Pinson, L. (2008). Anatomy of a business plan. Tustin, CA: AKA Associates.
Pride, W., & Ferrell, O.C. (2016). Foundations of marketing. Mason, OH: Cengage Learning.
Saeed, S. (Ed.). (2013). Business strategies and approaches for effective engineering management. IGI Global.
Diffusion of Innovation is one of the oldest theories of innovation, developed in 1962, its origin is communication since it aims to give meaning to how an idea gains momentum with time and diffuse. The diffusion of innovation is different from one of the current theories on innovation, Jobs-to-be-done which mainly focus on outcome driven innovation and is built on the idea people buy products to get other jobs done (Correia, n.d). The technology adaptation life cycle is similar to the diffusion of innovation because it seeks to explain why companies with disruptive products and technologies often experience difficulties in the industry the same way diffusion of innovation seeks to explain how an innovation got to where it is, this theory is also built on the diffusion of innovation thus they share the same concept.
Question 2
Creativity and innovation have a major impact on the success or the failure of an organisation. Nurturing creativity and innovation is necessary for the organisation to be able to respond to the advancements taking place in technology, the changing customer needs, the ever changing organisational structures and global issues concerning diversity. Innovation and creativity go hand in hand, for one to engage in innovation they must think of a new idea which requires creativity (Glassman, et al., 2016). Higher learning institutions are now offering Science Degrees in Creative Studies and Graduate Certificate Programs in Creativity and Change Management, the stated goal of these programs is to understand the role of creativity, innovation and problem solving from a theoretical perspective. This is also to expose students at all levels to cross functional teams with the involvement of all members to bring innovation to the market through cross discipline understanding. Creativity is based on societal norms and thus finding ways that are different from the societal norms to solve problems will advance the creativity and innovation of an individual (Glassman, et al., 2016). Learning institutions are at the forefront of teaching innovation and creativity and how to apply this knowledge into practices in the real world
Question 3
Research conducted by Kesting, et al., (2016) strongly shows that different leadership styles have different impacts on innovations. Leadership is very important and plays a vital role in enhancing the creativity of an organisation, devising and launching innovative projects. Different leadership styles impact the involvement and commitment of the employees differently which in turn influences the climate for innovation management. Leadership entails influencing the attitudes and behaviours and influencing how people interact within a group with a focus of achieving the set goals that are associated with leadership.
Directive leadership style is characterised by practices that are directly aimed at structuring subordinates such as giving guidelines, clarifying policies and procedures and stating expectations regarding employee’s compliance to the rules. In contrast to this leadership style there is participative leadership where decision making is shared between the leaders and the subordinates. However, the final decision making lies with the leaders in both cases and the main difference between these two leadership styles is the extent to which leaders consult with their subordinates in the decision making process. When directive and participative leadership are executed in innovation projects, directive leaders drive innovation by controlling monitoring and instructing, directive leaders often present their subordinates with a framework for decision making that is aligned to their superior vision. Leader who adopt the participative leadership style often succeed in driving team level innovation by getting involved at an early stage, being fully involved in the project the entire time and allowing team members to develop new solutions regarding the innovation project (Kesting, et al., 2016). Directive leadership always proves beneficial while establishing new rules thus deterring innovation and participative leadership stimulated creativity and innovation.
Another leadership style that greatly fosters innovation is the interactive style. This leadership style is defined by leaders encouraging their subordinates to participate, broad sharing of information, ideas and power and motivating employees to embrace different work tasks. leaders who use this style empower their subordinates to be innovative by orchestrating coaching and training while offering them the necessary support (Kesting, et al., 2016).
Question 4
Innovation is key for the growth of any organisation, they often rely on teams to come up and develop new ideas and solutions that can meet the growing demand in the market place. Innovation is very crucial for the long term success of the business (Henderson, 2017). Innovation is relevant for organisation because it gives them an edge in penetrating markets faster and provide better connections to developing markets which can lead to bigger opportunities. Innovation also helps organisations to develop their original concept. Not only the innovation of new products help organisations develop but also the innovation of new services, process models and functions. An example is Starbucks and Google that have devised and launched game changing innovations in small ways that later contributed to the bigger picture. Starbucks does not use phrases such as small, medium or large cups but has innovated its own language such as grande and venti and its own payment app that is designed with PayPal and for Google one may start a search and later end up using Google Docs or Google Hangout (Henderson, 2017). The ability to resolve critical problems arising in industries and organisation depends on new innovations, innovation is important in allowing an organisation to stay relevant in a competitive market.
Question 5
Innovations are part of the main source of competitive advantage for a company, innovations are very significant for the growth of a company since organisations invest greatly in resources and time to create new innovations that will increase their performance in order to beat competition and satisfy the needs of their customers. There are many factors that are involved in innovation design system; internal and external factors. External factors include; competition, environment, customers and location. The location of an organisation is influenced by the decision the firm makes on where to conduct specific business operations. The decision on where to carry out activities will affect the innovations undertaken by the organisation. The demand from customers is what drives all innovations. An increase in customer’s demand brings pressure for new innovations and even encourages user innovation, whereby customers modify an organisation’s existing product without consent form the organisation and the organisation later adapts the modified product and sells it. Competition is one of the defining characteristics of a market and has a substantial effect on innovation of an organisation, when new firms enter the market competition becomes stiff thus giving rise to new innovations as a result of competitive pressure, these new entrants also enter the market with disruptive models and new innovations (Antonelli, et al., 2012).
Internal factors that affect innovation include; management practices, organisational motivation and resources. In management practices specific actions and practices that impact innovation includes allowing freedom and autonomy in the work related fields, providing challenges that require to be solved and clear strategic goals. Organisation motivation is the basic orientation of an organisation towards innovation, to foster innovation the organisation ought to have a culture that influences creativity of its employees and one that allows sharing of ideas. Resources are key in creating and launching an implementation, for innovation to take place in an organisation the organisation ought to have sufficient resources inclusive of funds, materials, facilities and information (Antonelli, et al., 2012). These internal factors play a vital role in influencing innovation in an organisation.
Question 6
As a result of innovation attempting to predict the future they come with a wide array of risks even though organisations have dedicated a lot of resources in managing these risks. In order to fully manage these risks organizations should develop their decision model under which they evaluate their respective evaluations. Risks associated with innovation can be dealt with by; first recognising that a model exists and needs to be developed judging the risk it poses and the returns it brings. The second strategy is recognising every innovation model comes with its own set of limitations, the first perspective of limitation is having an incomplete model where the assumption on the model is completely wrong and to solve this a complete turnaround or redevelopment of a new model is required and an incomplete decision model, incompleteness is a limitation all models have since an innovation model cannot be perfect. The third strategy is expecting the unknown. The fifth strategy is obtaining all the knowedge that can be gotten on the potential user of the innovation. The sixth and last strategy is considering the infrastructure where the innovation will be placed (Ahmed, 2017).
Question 7
Nurturing talents, every individual has the ability to think creatively, but there is always those individuals with natural talents within the field, these talents are based on the way these individual feel or think. They are capable of leading innovation if their talents are natured. Managing creativity, when a team comes up with a creative idea it is necessary to reward the team with in order to further innovation, when a team feels that their efforts are acknowledged they are more likely to come up with innovative ideas in the future (Oxford College of Marketing, n.d).
Question 8
Climate, which refers to the way a team works together based on shared policies, procedures and perceptions. Employees are the main source of creativity in an organization and climate is a source of motivation that motivates them towards innovation. Economy is another innovation enable, when the economy of an organization becomes almost equal to what it is investing in an innovative project in terms of resources such as time, knowledge and finance it shows that the innovative project is valuable to the organization (Mikael, 2017).
Question 9
Broadcasting, which is the most common mechanism, which involves publishing an innovative request as a challenge to a vast audience in the hopes that someone with a solution will emerge. Connecting and networking, it is important for companies to develop their networks without an immediate objective to foster collaboration and partnership that may benefit the organization and help with innovations (EsadeKnowledge 2018).
Question 10
Short term focus, Lack of time or resources, lack of proper leadership and lack of systematic innovation processes are some of the barriers to innovation. To solve the challenge of lack of proper leaderships, all leaders in an organization have to understand that innovation goes beyond CEO and all the leaders of an organization have to be involved although engagement starts from the top of the command chain. The lack of resources can be solved by making sure that employees are availed with the necessary tools and requirements that are need to encourage the process of innovation. Lastly, to solve the problem of lack of systematic innovation processes organisations have to ensure that they don’t put in place rigorous processes that discourage the staff towards innovation but put in places processes that empower employees towards innovation (Loewe, et al., 2006).
References.
Ahmed,R. (2017). Risk Mitigation Strategies in Innovative Projects. In Key Issues for Management of Innovative Projects. Intechopen.
Antonelli, C., Crespi, F., Giuseppe, S., (2012). Internal and External Factors in Innovation Persistence. Economics of Innovation and New Technology. 22.1-25.10.1080/10438599.2012.708135.
Correia, A., (n.d). “theories of Innovation adaptation and Real World case analyses. Driving educational change: Innovations in action.
EsadeKnowledge (2018). 5 mechanisms to promote innovation. Retrieved from; https://www.esadeknowledge.com/view/5-mechanisms-to-promote-innovation-174880
Glassman, A. M, &Opengart, R. (2016). Teaching innovation and creativity: “Turning theory into practice.” Journal of International Business Education 11(2016): 113
Kesting, P., Ulhoi, J. P, Song, L. J., & Niu, H. (2016). The Impact of Leadership style on innovation-a review. Journal of Innovation Management, 3(4), 22-41.
Loewe, P., & Dominiquini, J. (2006). Overcoming the Barriers to Effective Innovation. Strategy & Leadership 34(1),24-31.
Mikael, J., (2017). Innovation Enablers for Innovation Teams-a review. Journal of Innovation Management JIM 5, 3(2017) 750-121.
It is essential to study the behavior of competitors in order to formulate a strategic global marketing plan. Competitive information will help discover the competitors' weaknesses, strengths, competitive forces in the competitive environment, as well as the industrial environment (Adom et al, 2016). In industry and competitors analysis, the most important thing to identify is the sources of competition or in other words, the strategic actions that the competitors are using to achieve profitability. However, it is essential to concentrate on powerful competitors since they will bring direct competition. In this case, powerful or direct competitors are companies that offer the products that the business is intending to provide (Adom et al, 2016). Such organization will have intense competition, and thus, it is important to find out their strategies and objectives, strengths and weakness, the current and future state of the competitors, and the competitors' segmentation strategies. It is also important to look for information such as the branding and image, market research capability, advertising and promotion, among other information (Adom et al, 2016). Note that the purpose of industry and competitor analysis is not to collect all information, but its purpose is to gather the fact and in specific qualitative information. In general, the main aim of conducting the analysis is to understand the competitive market in order to develop strategies that will position the organization in the competitive edge. Another important thing to understand is that in order to spy the competitors and monitor their business operations, the organization must use the best analysis tools (Adom et al, 2016). The tools will help the organization track the competitors, and more importantly, understand their strategies, and use that information to prepare its global marketing plan. There are many industry and competitor analysis tools, but the tools that can work best in creating a global marketing plan are;
Google Trends- Google Trends allows the organization to predict the future by tracking the company's trend. The organization can view content such as posts, perspectives, and news concerning the brand and other activities (Arens, 2019). I think this tool is the best to conduct industry and competitors in that the organization will access real-time data about the competitor's brand, consumer behavior, changes in interest and special events, and so on. The organization can also use this tool to compare the customers' interest and view the search terms, and this will help to improve the marketing efforts (Arens, 2019). I will use this tool to view the competitors' products and services, technology trends, relevant topics, and search query. This will information will help to identify the locations where products and services are needed, identify new markets, and use the best technology.
Similarweb- the purpose of this tool is to help the organization find the competitors' content, monitor the industry, and understand the competitors' online strategy (Arens, 2019). These are important elements that will help the organization discover the organizations' opportunities, emerging trends, consumer intent, and more information. I think this tool is the best to conduct industry and competitor analysis in that it provides detailed metrics that help the organization to compare the performance (Arens, 2019). More importantly, the tool will allow the organization to view page viewed by visitors, and tool will help identify the source that increases the volume of visits to site traffic. I will use this tool to see the competitors' websites and the traffic overview, including traffic by countries. I will steal ideas from the websites that have high percentages of traffic so that I can boost the visits numbers on my website.
BuzzSumo- This is an important tool that allows the organization to view the competitors' content performance (Arens, 2019). For example, it is possible to see the type of content that makes the competitors' achieve success. This is done by seeing the content that consumers are sharing, and more importantly, the most shared content. I think the tool is the best as it will allow the organization to increase its social media marketing efforts and more importantly, produce the content that is more engaging and compelling (Arens, 2019). Note that the information of other competitors will help brainstorm ideas and produce relevant and current content that the audiences will share. I will use this tool to find the content that the competitors are sharing on the social media platforms, who are sharing, and the top priority topic. This information will help create a high-performing content that will bring great social traction.
References
Adom, A., Nyarko, I., & Som, G. N. (2016). Competitor Analysis in Strategic Management: Is it
a Worthwhile Managerial Practice in Contemporary Times?. Journal of Resources
Based on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not?
There are various global business tools that are currently used for the purpose of analyzing the perspectives of the competitive edge that exists in the industry. As much as this discussion is concerned, the truth is that the selection of the Porters five Force framework will have to be perceived to have the propensity of achieving its global strategies. On the other hand, the reason as to why the use of the perceived tools is important because they have the potential of enabling the evaluating as well as assessing the competitive advantage and position that exists in such an industry (Magretta, 2012).
In accordance with that, what this implies is the fact that the same protocol will have to take into account the manner in which it aid in addressing the competitive attractiveness and intensity that exists in the market. Moreover, the reason for approving this tool is because it has the potentials of indentifying as well as describing the powers that exist in the modern business marketing world. It is this scenario that has the ability of enabling the company to enjoy the economies of scale as it glows. In addition to that, the reason as to why I just approve the use of such a tool is because it has the ability of enabling the management utility of the company to conduct effective strategic analytical exercises. This in return, will enable the company to become more profitable (Roy, 2009).
What evidence do you have to support your decision?
One of the existing evidence indicates that the continued use of Porters five force framework has been realized to enable any business organization to understand where their business powers mainly lies. The reason for that is because it enables the management authority to have the ability of identifying the existing weaknesses, perceived strengths, as well as other proposed means of avoiding business mistakes. In accordance with that, the research indicates that the Porter’s Five Forces has the ability of identifying as well assisting a business to analyze the main five competitive forces which are perceived to have the ability of shaping their industry. Moreover, such a tool is important in identifying the structure of the industry as well as determining the corporate strategies. The same tool can also be applicable to any segment of the existing industry for the purpose of evaluating its attractiveness and profitability (Kurtz et al., 2010). How would you refute the people who chose an additional tool rather than one of the tools that you selected?
As much as there are various tools that can be used, the truth is that the use of the Porter’s Five Forces have been proved to have the ability of assisting the majority of the modern business organizations to have the ability of explaining the reason that makes other business in the same industry to prosper. The same mechanism is the one that have been realized to have the ability of enabling the existing companies to sustain the levels of profitability. Moreover, the effectiveness of using this tool is the fact that it will aid in identifying the structure of the company as well as its marketing strategies (Henry & Oxford University Press, 2011). Based on the tools that you selected, provide a brief analysis of your market, using those tools
As much as the Porter’s Five Forces are perceived to have the potential of making the business to understand the rivalry that exists in such an industry, it is evident that it has the ability of reshaping the prevailing market conditions. The reason for that is because it has the ability of measuring some of the marketing forces that are frequently used for the purpose of measuring market attractiveness, competition intensities, and profitability. Nonetheless, the general usage of the combined global business marketing tools will have to be perceived to have the potential of enabling the customers to understand the perspectives and the competitive strengths of the enterprise (Ronan, 2005).
References
Henry, A., & Oxford University Press. (2011). Understanding strategic management. Oxford: Oxford University Press.
Kurtz, D. L., MacKenzie, H. F., & Snow, K. (2010). Contemporary marketing, [ECH master]. Vancouver: B.C. College and Institute Library Services.
Magretta, J. (2012). Understanding Michael Porter: The essential guide to competition and strategy. Boston, Mass: Harvard Business Review Press.
Ronan, M. (2005). The Outsourcing Process: Strategies for Evaluation and Management. Cambridge University Press
Roy, D. (2009). Strategic foresight and Porter's five forces: Towards a synthesis. München: GRIN.
A significant number of businesses fail to meet the objectives set in the implementation phase despite measures taken to ensure that the goals set are achieved. The chances for success are often hindered by the existence of various factors such as agressive competition and lack of co-operation in the workplace. However, the factors can be overcome and measures can be taken to position the business for success. To achieve this, it is important to understand how a failing business can go about overcoming challenges in its market environment and become a profitable organization.
Most businesses fail because of their inability to overcome the challenges that exist in the environment they operate in. The chance for success is further reduced by the lack of unity among employees and the presence of other businesses in the same market competing for resources and the target audience. This paper will therefore focus on how a business can collect data regarding the environment it seeks to exploit, the challenges therein and the measures that can be taken to overcome these challenges and become profitable.
This paper will focus on the approaches that a business can take to be more competitive and promote unity among employees and the management to bring stability in the workplace. For it to be succesful, the business must first collect data on the challenges in the environment and come up with strategies to overcome them. Since employees are the direct link between the business and its customers, creating unity will assist in achieving the objectives set by the company. This will in turn improve the quality of service, giving the business the competitive edge needed to increase sales and become profitable.
The business we are currently a part of is a small brick-and-mortar business that has enjoyed great success with customers from the local area. Changes in its business environment has made it necessary for us to alter how we approach some aspects of our business. If we are to keep up with the current trends and remain competitive, we have to upgrade our operations to help the business adapt to the new changes. The CEO has tasked me with the job of creating a business presence in the online marketplace, which would allow us to broaden our customer base, and offer more products. Almost every business has some form of modern technology that allows for online shopping. By putting our business in the online platform, our customers can have a much more efficient way of shopping with us. This would also allow us to have a better chance at matching up against our competitors. To achieve this, the business will have to invest in social computing as well as wireless, mobile computing and commerce as tools for reaching a larger audience and making it easier to reach customers and utilize opportunities created thereby giving the company a competitive edge.
In addition to this, we will need to implement the use of a computing system that allow us to put in place all forms of internet use to work for us. We will need to have internet access with wireless routing, and mobile devices to better aid us in creating the best customer experience we can in our online presence. We also need these systems in order to allow our customers to have the capability to shop with us online, as well as rate our products to others using social media and other platforms. While it is crucial to keep costs down in order to continue making profits, the initial spending will be worth the results when the sales rates grow more rapidly compared to their current growth rate.
Two Technologies
Social computing and media play a huge role in the business world. One major reason for this is that business media function as communication channels where other fashion-arena actors (e.g. consultants, gurus, and business school academics) can provide discourse related to concepts and ideas ( Madsen & Slatten, 2015). Until recently, social media had not been taken in to account when it comes to growing the business social computing and use of media, but now they have finally realized just how far these can take them. There is not a day that goes by where someone is not joining some fort of social media site, and companies finally realized how following these individuals using social commerce can help their business grow and be accessible to all.
Another form of technology that will be of great use to us is the use of wireless, mobile computing, and mobile commerce. Technology continues to advance, and as it does so to do the ways consumers do their shopping (Madsen & Slatten, 2015). With the ease of acquiring an internet connection almost anywhere, consumers have started to turn away from staying in one place, and gone to using all sorts of mobile electronics. Electronics such as tablets, smart phones, and laptops have made it even easier to acquire the things they want. These devices allow the consumer to shop on the go all with just one click of the mouse or touch of their finger.
Business Requirements
Objectives
This project will not only open up a completely new world of business for our company, but it will also give us a competitive edge against other vendors. By implementing the use of services such as social media, we can see how successful our company is doing with the customers, and have a regular constant flow of data coming in to help our business evolve. Our biggest objective is to not only increase sales, but to create a consumer friendly database that keeps them coming back.
Project Description
Our business will need to set aside a significant budget for the initial cost of obtaining the items to install for connecting to the online marketplace. Once obtained, we then will need to create a website and an online interface that will interact well with all users who access our page. This is relatively inexpensive to acquire, and there are services out there that can help with this. Design services such as Main Street Host. Main Street is a digital marketing company who specializes in helping small businesses like ours get our presence out there on the internet. They also help to develop our web services so they are mobile device friendly, which will help us to target a more widespread customer base.
Technology Requirements
The largest part of this project will require our company to have a very elaborate main web page that will attract the consumers’ attention, and one that can be used easily on any device they are on. Developing a mobile application would be a great place to being. Having an app will allow us to limit the amount of time it takes us to get this system going, and allows us to quickly implement updates to systems as needed with ease. This will also help to bring down our cost and maximize our profits.
Competitors and Technology
Macy’s, a well-known franchise, uses intelligent systems like this to not only increase sales, but to also allow for a more diverse inventory of the items that it offers. Macy’s uses a range of technologies to make how consumers shop and make it easy to do so. In an article inventory with Macy’s senior vice president of systems development and field services, Brian Leinbach states, “90% of our customers’ research online at least occasionally before purchasing a product in-store” (Giannopoulos, 2012). “Our best customers shop us online and in our stores,” he continued, noting that they are also twice as likely as other online buyers to have researched a product in its stores before purchasing online (Giannopoulos, 2012)..
Kohl’s, another consumer product franchise, has also implement smart technology and teams behind them to drive their business to new heights. From their humble beginnings Kohl’s’ had a mission to provide sales excellence to their customers, and they have done so with great results. Within the last couple of years, they have begun to use mobile tech and cloud services to broaden their customer base and improve sales in mobile devices. In a statement by EVP, Chief of technology Ratnakar Lavu he states, “From cloud migration to mobile artificial intelligence and chatbots, we’re driving the technologies that make a difference for our customers and our associates now and in the future” (Giannopoulos, 2012). This is a bold statement and very accurate statement.
Technology One
Wireless, mobile computing, and mobile commerce
Macy’s is a leader in the use of mobile computing and mobile commerce with its business. Macy’s takes the use of mobile technology and uses the opportunity it gives to acquire and sell more products than they can in their stores. By using mobile technology, they allow their online customers to view an array of products that often are not in the physical stores due to floor space (Jones, 2018). This also allows Macy’s keep in the stores items that they do not show in their online store. This in turn keeps the customers wanting to not only shop mobile, but also to keep coming to the physical stores to shop. They essentially double their business by doing this and is something I believe would be an excellent business opportunity for our store as well. “The ability to buy online and pick up items at an actual store is giving a boost to Macy's e-commerce business which saw double digit growth in the most recent quarter” (Jones, 2018). This added access to not only the product but also information from other customers make it easier for customers to make the purchase decision.
Technology Two
Social Computing
Kohl’s has identified an excellent way to target consumers while they are online every day, and that is through their social media feeds. Popular social media sites such as Instagram, Facebook, and twitter are a few they have used to gain more customers. One such occasion Kohl’s took to social media to advertise their new handbag line to prospective customers. For example, Eva Amurri Martino, a professional blogger, would tweet out to all her followers, “today I will be at Grand Central Terminal celebrating the new Reed Krakoff Collection with kohl’s!” (Jaekel, n.d). This is an excellent way to drum up new business, and get potential customers to come check out the products you have to offer. Kohl’s took full advantage of it and our business could do the exact same thing. Simply placing an ad on Instagram could drive potential sales.
Benefits of Technology
Our company has a tremendous amount of revenue to gain with the implementation of making an online presence in the business world. With companies like Macy’s and Kohl’s making huge advances in business with the implementation of smart technology, and mobile communication there is no better time than now for us to the same (Jaekel, n.d). If we are to maintain the business we have and further our business in the future, then we must implement these changes. By I feel that the two key technologies I have identified will be the greatest help for us in getting our products out there, and bringing in new business.
Technology Solutions
The environment in which the company operates in currently has the opportunities that can be exploited to adapt to the use of modern forms of technology. The goal is not just to have the best forms of technology, but also settle on the ones that offer the greatest rewards possible without having a negative impact on the company budget (Jaekel, n.d). In an effort to help determine what areas are the most important to the company a decision matrix has been created that lists the seven technology requirements being sought out. With the aid of this matrix and much deliberation, it has been determined that social computing; and wireless, mobile computing, and mobile commerce technologies will aid our business the most. Therefore, the company is set to begin purchasing the needed equipment and recruit the proper installation crews to begin implementing these forms of technology.
Technology One
The first progressive technology I am going to recommend is wireless, mobile computing, and mobile commerce. Wireless technology is technology that is capable of being used no matter where you are. This type of technology enables not only those of us who operate the business daily to work from any location, but it also allows our customers to access and use our website with ease from any device they may be using (Jaekel, n.d). This is something we have not had before coming from a brick-and-mortar establishment, and having limited or outdated technology has also been a problem. In having a mobile computing capable platform, we can better perform our jobs and run the business to its full potential. Even if we must work from home we can still handle the things we need to in order to do our jobs efficiently (Li, & Du, 2019). Comparing the two technologies this one had the highest-ranking score, and therefore I would like to implement it first. By placing this technology into our business, we will can provide our customers with an online shopping experience that they have never had before with our business.
Also, we will be better equipped to manage our inventory efficiently and provide excellent services like shipping and returns at more satisfactory terms for our customers. Our customers will have total control of their purchases from start to finish, and we can even allow them to track their packages so they know exactly when it will arrive at their homes. With the use of mobile devices becoming more and more common we must institute functions that will accommodate such use. “With the rapid growth of wireless networks and smartphone, consumers have paid more attention to mobile commerce.” (Li, & Du, 2019). As our world continues to evolve, so to must the ways we do business, and that includes putting our presence out there in the mobile world.
Technology Two
The second technology to accommodate the first that we will be implement into our business is social computing. Social computing is defined as the interaction and collaboration between computer users. Social computing is quite frankly the future of the shopping industry. Thousands of consumers often rely on the opinions and feedback on items those they know buy and share about using social media to determine if they are willing to purchase an item or service (Rigby, 2014). These consumers include those who use social media sites such as Facebook, and Snapchat. The interaction between individuals within these sites when they talk about products and services they have had dealings with helps to create more sales, thus can put our business accessible to users within these social media sites gives us a competitive edge in our industry. Social computing can create a huge gain our presence and sales with numerous consumers.
A good example of just how well this can help is Amazon. Amazon had a return investment of 17% in just five years after implementing social computing into their business. (Rigby, 2014). This is proof that great things can come from using this technology. Often individuals feel it is too much of a chore to go to the physical stores to shop, and thus the world of online shopping becomes more and more widely used. Another great example of why social computing is so important is it helps to keep a steady availability of good workers (Rigby, 2014). The very tech savvy generation of today is so much more enabled to work with various forms of technology, and with having a technological platform that integrates social computing we can be better equipped to attain and keep valuable employees. These people expect high interpersonal connectivity and create solutions to problems from fragments of interaction (Howard, 2008). This can really help us to be much better at tackling our everyday problems and customer related issues in a much faster more efficient manner.
However, social computing does have limits, and we have to be aware of those as well. For example, social computing does not take into account the managing process of our business. This is where our other technology will take the load and help us manage everything properly (Rigby, 2014). Social computing will allow us to create and maintain a better relationship with our customers and enable us to learn what items they like or want to buy. Such factors can play a huge part with the development and launching of new products. It can better aid us on which customers to target with information on such items as well.
Recommendations
Wireless, mobile computing, and mobile commerce is better suited for the company in that, it creates more exposure for the company and its products. Since wireless technology is not limited by physical barriers, the company can reach people from different geographic regions and present its products and services. It is however recommended that the company engage in activities that will make it easier to make its products and services easily available to customers’ in different locations. One approach would be to invest in good supply chain management which will ensure that customers can get the company products and services regardless of where they make the order from.
Technology Solution
Choosing a technology that can fulfill most if not all our companies’ requirements has been a very hard task, but I feel that my research has shown just what we need. Wireless, mobile computing, and mobile commerce is the best solution for the company because it creates a platform that makes it easy to not only engage with customers and employees but also helps the company to get constructive feedback. Through wireless technology, customers are able to engage with one another and discuss about the company’s products and services and how they impacted their shopping experience (Rigby, 2014). Employees on the other hand can use the same technology to communicate among themselves and also reach top management. Through wireless technology, a company becomes more engaging with its people and the relationship created makes it easier to identify areas that cause problems and also identify opportunities that can be exploited (Rigby, 2014). Such exposure is ideal for the company in that it makes it easier to resolve conflicts before they cause any permanent damage because customers and employees have the means to reach the relevant people within the company.
Other than assisting in conflict resolution, wireless, mobile computing, and mobile commerce makes it easier to reach the target audience and inform them about new products and services in the market. Since the company operates in a world dominated by technology, adopting wireless technology will help create better lines of communication that can be utilized to the benefit of the company (Rigby, 2014). The technology can be used to market new products, inform customers about changes in old products and also encourage the target audience to choose the company’s products over others in the market.
Overall Benefit
The overall benefit for introducing wireless, mobile computing, and mobile commerce in the company is seen through the exposure it creates for the company. Since technology is intended to help make life easier, it has been incorporated into most aspects of people’s daily activities. The use of wireless technology will therefore increase the number of people that the company is able to reach especially due to the introduction of features such as social media (Howard, 2008). The company will not only have better access to its target audience, it will also have a tailored tool to best meet their needs. Social media will enable the company to engage with customers, find out what opinions they have of the company and this information can be used to determine the best approach to take and achieve the most desired results. There is also the benefit of improved communication within the company (Howard, 2008). Interdepartmental and one on one communication will be enhanced by the technology and this will greatly enhance the quality of work done. The technology will provide employees with the tools needed to not only get the message but also discuss it among colleagues such that each individual knows what is expected when performing their duties. Having employees on the same page will enhance efficiency and improve the quality of production.
A move online will also position the company for future growth especially through the reach created by wireless, mobile computing, and mobile commerce. The technology will enable the company to reach customers across different geographic regions as it is not limited by physical barriers (Rigby, 2014). Customers from different parts of the world can access the company website or social media page and request its products or services. Rather than being limited to only customers that visit the business premises, the company will be able to offer its products and services online and have them delivered to the customers’ doorstep and this will further promote growth.
Basic Security Considerations
Security Features
A major precaution that the company should take to enhance security is to install firewalls to prevent hacking. With the qdoption of wireless technology, sensitive information stored is at a high risk as it can be stolen by hackers and used in ways that may affect the company and it's customers (Khosrowpour, 2004). To prevent such occurrences, it is recommended that the company invests in appropriate software meant to prevent outsiders from access in data stored on company servers. Since the aim is to increase efficiency, the technology should be safeguarded by antisoyware software and multiple firewalls that make it near impossible to access the data. Professionals should also be hired to ensure that the firewalls and anti-virus software are working properly and that they are effective in preventing unwanted access.
Third-Party Vendors
Even though data protection is crucial to the company, it's implementation should also have a positive impact and at the most affordable cost. It is therefore recommended that the company relies on data protection companies rather than having it in-house (Khosropour, 2004). Renting out the services is the most applicable approach as it reduces the cost of employing individuals to monitor the firewalls throughout. An external body will have better results as it specializes in the monitoring and maintaining firewalls. The experience and professionals hired by the data security firms will be of great benefit as they will be aware of what to look out for, signs of a possible data hack and how to go about recoveringnin the case a hacker manages to get access to the data
Internal Safeguards
Even though data protection is crucial to the company, it's implementation should also have a positive impact and at the most affordable cost. It is therefore recommended that the company relies on data protection companies rather than having it in-house. Renting out the services is the most applicable approach as it reduces the cost of employing individuals to monitor the firewalls throughout (Khosropour, 2004). An external body will have better results as it specializes in the monitoring and maintaining firewalls. The experience and professionals hired by the data security firms will be of great benefit as they will be aware of what to look out for, signs of a possible data hack and how to go about recoveringnin the case a hacker manages to get access to the data
Khosrowpour, M., & Information Resources Management Association. (2004). Innovations through information technology: 2004 Information Resources Management Association International Conference, New Orleans, USA, May 23 - 26, 2004. Hershey, Pa: Idea.
Li, H., & Du, S. (2019, March 15). The Knowledge Mapping of Mobile Commerce Research: A Visual Analysis Based on I-Model. Retrieved from: https://www.mdpi.com/2071-1050/11/6/1580/htm
Technological Requirement 7: Manage the current brick-and-mortar processes (sales, payments, inventory, and customer contact)
Overall benefits of this technology to the company
Yes
Yes
Yes
This allows the information the business to be more capable of organizing the data that flows in. It will also Make things easier to keep up with the inventory, as well as being more capable to handle oncoming orders efficiently.
Yes
Yes
Yes
The entire available products and services will be available to anyone who would like to view and purchase them. This gives the customer base a much more diverse range to choose from than what they could possibly find in a physical store. Customers can also have a much easier
shopping experience from start until it arrives at their door.
Yes
This will allow for a much broader range of getting our products and services out there to the public. Consumers will display and talk about our products with anyone on their social feeds, which will in turn generate more customers.
Yes
Yes
Yes
Yes
Cloud computing will allow for mangers to track the business information from anywhere they may be. We can track all our in and outflowing data from multiple locations, and cloud computing will allow for much more file and data storage than just your average system can handle.
Yes
Yes
Yes
This will be very useful in helping us to easily and efficiently analyze our data, and be more professional in producing reports for management. It will also play a big role in helping to keep track of our stock levels, and when we need to replenish or replace items.
Yes
Yes
Yes
Having an intelligent system will make running the business that much easier. This type of system can help with keeping our reports properly managed, keep up with our customer contacts, and compile data tracking customer reports on our products.
Strategic Human Resource Management in Adidas Company and Its Effects on Performance
Strategic human resource practices has turned out to be an important ground of research, this new attention on the study has enabled the growth of innovative tactics in managing businesses and human resource. Effecting human resource practices to organizational tactic stresses the need for human resource strategies and approaches to be framed within the framework of general organizational approaches and goals (Wright et al., 2017). It also requires the company to be receptive to the shifting nature of the organization’s external background. It is a tactic which needs clarification and adaptation by specialists to guarantee the most appropriate fit amid human resource corporate approaches and strategies (Mazur, 2014). Strategic human resource practices relate to precise practices, formal strategies, and viewpoints that are intended to appeal, progress, inspire, and preserve workers who guarantee the actual operational and endurance of the business (Ulrich, 2014).
It allows strategic judgments to be made that have a key and long-term influence on the conduct and accomplishment of the business. This is done by guaranteeing that the business has the capable, dedicated and well-motivated workers it requires to realize competitive lead (Wright et al., 2017). A strategic human resource practice is an effectual role that gets by with environmental fluctuations. It openly and ultimately profit companies since it alters inactiveness into inventiveness, conducts organizational objectives plainly and inspires the participation of line supervisors (Mazur, 2014). Strategic human resource practices positively sways firm performance since it causes organizational interrelation, an employee spawned interaction that pushes a corporation headlong, allowing the business to react to its environment while still continuing to grow.
Adidas Human Resource management
A good illustration of this is with Adidas Company, which is one of the leading brands in the sporting world. Adidas has understood the importance of human resource management for its business success. The company has made tactical changes in the techniques that it uses to manage its employees, by crafting a culture centred on people. This is a culture that recognizes and appreciates the worth of personnel and thus aids them attain their career objectives.
Talent management
As one of the greatest sports brand, the company attracts a large number of great talents from all over the world. The company has developed a talent management program known as ‘Talent Carousel’ the emphasis of this program is to coach the personnel certifying that they are ready for management positions in the future (Pratap, 2019). The company encourages their employees to enrol in the two years program where in the end twenty finalists are selected to start a new global and cross efficient profession. The finalists are given new job roles in new locations where they get the chance to practice their management skills and hence advance in their careers (Pratap, 2019).
Adidas also has a dominant recruitment process in its Germany head office that guarantees that new employees has a personalized worth involvement once they start working in the corporation (Pratap, 2019). This is a unique method of induction which helps in engaging the new employees through a company app where the management engages with the new employees. This engagement is important because it helps the new employees to be guided into their roles which help in reducing complexity during these initial stages.
Employee motivation
Motivating employees is a critical element to help improve performance in an organization; this can be done through good remuneration and recognition (Mazur, 2014). Adidas believes in training and education as an important element of motivating employees and helping them advance on their skills. Adidas has a digital learning institution which gives all its personnel internationally an access to learning prospects (Doke, 2016). Through this podium, the staffs have the chance of pursuing any course that they want relating to marketing and management. The platform offers the employees a chance to attain additional skills that are required for greater career expansion and advancement.
Adidas has implemented several other programs that act as motivational elements for its employees. One of the programs is the employee stock purchase plan which has so far been extended to countries like China, Hong Kong and Taiwan (Doke, 2016). So far over 50% of Adidas employee population has taken part in the program which the company plans to extend to other countries. The company has also opened up a kinder Garten program and also a secondary care centre which holds about 140 children in its headquarters (Doke, 2016). Doing this greatly benefits its employers who have the advantage of working in a convenient and collaborative environment where their needs both personal and organizational are understood.
Internal communication and work life integration
Commitment of employees is a significant element that contributes to staff motivation. To guarantee that workers do not feel unsatisfied or uninvolved, it is imperative for corporations to use staff commitment programs which help the employees to feel appreciated and also involved in the evolution of the business (Boon et al., 2018). An effectual communication structure is significant for employment commitment and to help form a learning setting. Adidas is very keen on how their manager communicates with the subordinates and this strategy is used to help understand the needs of the employees.
Adidas has what they call ‘monthly touch base’, where the line managers and the employees hold monthly meetings that are focused on performance and development (Wilton, 2016). These meetings are important because they allow the company to understand what is happening within the company and how it is affecting performance. The employees take this space to discuss the issues that affect their performance and how they can be resolved. This motivates the employees to always work hard because they feel valued within the company.
The company also has a 90 day plan where a meeting is held within the company to analyse the focus of the business objectives and what has been achieved so far (Wilton, 2016). These quarterly meetings greatly help to understand the business needs in regard to competition or in matters of microeconomic situations that affect performance. All this meetings help to improve communication between the managers and the rest of the employees which greatly improves performance within the company.
Performance management
One of the key areas that require focus in any organization is performance management, in order to ensure that employees execute at their finest. Debates and responses are very significant in the management of employee performance, this is what helps to guarantee that workers are conscious of their work objectives and that their individual and structural objectives are affiliated (Ulrich, 2014). Adidas has a collaboration system known as ‘A Live’; this is a platform that gives the employees a chance to share information, to associate effectively and to debate current matters with one another (Wilton, 2016). A Live allows the employees to have access to all learning materials any time of the day in a virtual environment. The brand also has an ‘Ask the Management Platform’ that gives employees a chance to communicate with the senior management directly on matters regarding business (Wilton, 2016).
Personal needs of the employees have also been considered by the brand, to ensure that the employees live a harmonious work life. Adidas has flexible working hours and offers family oriented services like day care services which ensure that the needs of their employees most especially those with families are well catered for.
Wages and benefits
One of the key elements that contribute to keeping employees happy is fair remuneration. It is very important for employees to receive equal and also fair payments in order to interest and even preserve the finest workers (Ulrich, 2014). Adidas is one of the companies that offer the best salaries and rewards to its employees. Compensation in the company consists of static and adjustable fiscal recompense, non-fiscal reward and other immaterial remunerations (Wilton, 2016). The brand’s Global Salary Management System helps in establishing and evaluating employees’ positions and the value of their work in a market motivated performance based way (Wilton, 2016).
Diversity and inclusion
Diversity is a key motivator of growth most especially in the contemporary fiercely competitive universal market. The corporations that want success in the universal market must support diversity in the manner that they act, reason and even revolutionize (Wright et al., 2017). Adidas trusts that having a diverse personnel and individuals with diverse experiences is significant in guaranteeing that there is an effectual labour force. Diversity in Adidas is an important element that helps in providing to the ultimatum of a diverse customer base in many units of the world. Adidas is hence against judgement based on sex, faith, culture, age, sexual placement and global opinions (Pratap, 2019). The company has employees from all over the world working in its head office, which helps to show its diversified human resource. Adidas holds consistent global occasions like the Global Diversity day which works to encourage diversity and inclusion all through its organisation (Pratap, 2019).
Conclusion and Recommendation
All this strategies have allowed Adidas to have a great Human Resource strategy whose focus is to ensure that its employees are more productive and have high job satisfaction. Work life flexibility is an important factor that helps create a stress free work environment. Employees also need to be often recognized and given a chance to participate in decisions making within the organization. Another important human resource strategy is good remuneration, offering competitive salaries and rewards help in keeping employees satisfied and hence better performance. Adidas has made all these things possible by understanding the need of their employees and employing the most effective motivation strategies. To have an effective human resource it is important to engage the employees, and this has been done effectively by Adidas. Adidas has been doing its best in nurturing a culture where its employees are motivated and satisfied and tis has greatly contributed to its success.
Even though the human resource management of Adidas is effective, there are still some things that can be done to help it become much more efficient. One element that needs to be focused on is in regard to diversification of its product portfolio. Adidas focuses mostly on the developed nations in Europe, North America and some few Asian countries. This means that the brand has not tapped on human resource in the developing nations in Africa which could greatly help the company to grow and get on par with its competitors.
References
Boon, C, Eckardt, R, Lepak, DP & Boselie, P 2018, ‘Integrating strategic human capital and
strategic human resource management’, International Journal of Human Resource Management, vol. 29, no. 1, pp. 34–67, viewed 27 June 2019, <http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=128358334&site=ehost-live>.
Doke, D. (2016) ‘Adidas: Where Talent Rules’, Recruiter, pp. 20–25. Available at:
Mazur, B 2014, ‘Sustainable Human Resource Management in theory and practice’,
Economics & Management / Ekonomia i Zarzadzanie, vol. 6, no. 1, pp. 158–170, viewed 27 June 2019, <http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=96714070&site=ehost-live>.
Pratap, A. (2019). Human Resource Management and Organisational Culture at Adidas
Group. Retrieved from https://notesmatic.com/hrm-organizational-culture-at-adidas/
Ulrich, D. (2014, August 1). A New Mandate for Human Resources. Retrieved June 27,
2019, from https://hbr.org/1998/01/a-new-mandate-for-human-resources
Wilton, N. (2016). An introduction to human resource management.
Wright, C.F., Wailes, N., Bamber, G.J. et al. Employ Respons Rights J (2017) 29: 247.
PART 1 Industry, Organization and Customer Discussion.
(1.1) Overview of the organization and product/service/idea.
Carrefour is a retail store supermarket that prides itself on its ability to offer high quality products to its customers while still limiting the depletion of natural resources. The company has operations in over 30 countries and has hired about 380000 employees in the 12,000 stores it owns (Carrefour, 2019). After close analysis of the current trends in the company’s market, the marketing brief will focus on attracting more customers to Carrefour by presenting it as an exciting shopping experience that not only meets the customers’ needs but also makes shopping more interesting in the process. The idea will use pricing to attract customers that desire trendy products at affordable prices. Advertisements will also add on to the idea by presenting the company and its products as having the highest quality products in the market (Carrefour, 2019). As for distribution, the company will rely on well-structured supply chains and proper arrangements at the stores to make it easier for the customers to access the products they intend to buy. The key point for differentiation for Carrefour will therefore be organization as it combines goodwill, customer loyalty, brand, and the company image, all of which are areas that the company strives to maintain high quality standards at all times.
(1.2) Key industry/market trends.
The major technological shift that could have a significant impact on the company is E-Commerce. Despite Carrefour’s success in uniquely arranging its products at its stores, Ecommerce could affect the target sought especially because it allows customers to shop online without visiting the brick and mortar stores.
(1.3) Organizational ecosystem
Since Carrefour seeks to offer quality products while still preserving natural resources, it has undertaken various activities with its stakeholders to help meet its target. The company has managed to grow new organic bananas from Ghana and has also undertaken an initiative in France where the company uses packaging that is 100% reusable and recyclable (Carrefour, 2019). At present, the company’s major competitors are Walmart and Tesco and despite not collaborating with any of its competitors, the company has managed to maintain a large market share and has enjoyed significant success despite their presence in the market.
(1.4) Customer segment
The approach will target customers in the ages of between 19 and 70 years; in the middle or upper class in society; employed; and live a lifestyle that allows for shopping at retail stores as well as online (Ofei, 2019). The customer segmentation will rely on influencers such as famous athletes and celebrities to encourage customers to try out the company products. Loyalty points and gift cards will also be used to entice customers. To influence the purchase decision, point of sale demonstrations will be used to give customers a chance to try out some of the products for free. Advertisements will also be used to create awareness about the company, its products and other motivators such as price reductions and special offers on select products.
PART 2 Story or narrative for the idea.
(2.1) Current narrative and value proposition.
At present, Carrefour presents itself as a company that not only offers the highest quality of products and services, but also tries to preserve the environment. From the company website, the company has placed a lot of focus on its commitment to enhancing sustainability of the environment which communicates to the buyer that the company not only seeks to make profits but also look out for the interests of the locals, especially in the areas where it operates in (Jaret et al, 2019). The approach is advantageous in that it helps to establish customer loyalty as the company comes off as invested in the wellbeing of the environment and with the trend to go green, the approach has a positive boost on the company image.
(2.2) Best narrative for the organization to pursue.
With current trends revolving around advancements in technology, the improved narrative will draw attention to the trendy side of the company that not only preserves the environment, but also offers an exciting and fulfilling shopping experience (Walsh, 2011). The approach will differ from the current digital assets in use as it will encourage customers to use both E-Commerce and physical visits so that customers enjoy their shopping experience both online and in the brick and mortar stores. The advantage sought is to attract customers that prefer visiting stores and also those that are keeping up with trends and prefer online shopping.
PART 3 Current UX and optimization of digital assets.
(3.1) Assess user-experience and optimization.
One element that needs to be improved in order to improve the user experience is the overemphasis on actions taken by the company to preserve the environment. Although the target audience are more likely to shop from an organization that preserves natural resources, their purchase decision is mostly influenced by how shopping at a specific retail store benefits them (Chang et al, 2014). As such, creating awareness on the improved shopping experience and quality of products and services will have a more positive impact on the user experienced compared to an environmental friendly organization.
The site is however user friendly and creates flow from one item displayed to the other. The user can easily identify the purpose of each action accessible on the site and also allows for user feedback. The color scheme used is also a reflection of the company brand and image which retains the confidence that customers have with the company even online. The message communicated is able to immerse users into a state that prompts purchase and since the site is highly informative, it aids in faster decision making (Chang et al, 2014). The menus and options further enhance the browsing experience as the user gets to learn about the company, its products and also the services offered.
(3.2) Optimization of the client web site for discovery and search (reference SEO audit).
The client website is easily accessible as it is the first option that shows on Google when you search for Carrefour. This proves that it has a high popularity currency and this makes it easier for customers to locate it on different digital platforms. In addition, there is consistency in the information shared regarding Carrefour which adds credibility to the site, the information it shares and the company in general.
(3.3) Optimization of digital assets (e.g. Facebook, Instagram).
The company also commands huge following through its online platforms such as Facebook, instagram and twitter. The various social media sites offer a wide range of information depending on what the user is searching for and this offers great convenience (Chaffey, 2009). The followers are also active as there are various comments, likes and users often share information about the company, its product and any relevant news regarding Carrefour.
PART 4 Identify relevant content and contextual placement opportunities.
(4.1) Relevant keywords/keyword phrases for your target audience.
B2B B2C
Retailer coupons
Retail jobs voucher codes
Retail stores Promo codes
Shopping online shopping
Clothing stores ecommerce websites
Clothes shop clothes online
Brick and click click and collect
Flash sales flash sales
Mobile payments mobile shopping
Layaway Layaway
Gift vouchers
Shopping experience
Adventure
Price cuts
Loyalty program
High Rated Keywords
B2B B2C
Brick and Click online shopping
Mobile Payments Click and Collect
(4.2) relevant images for the target audience.
Images and info graphics will be posted on the various online platforms with information about the products and services. The info graphics will contain information such as price reductions, product content and benefits as well as any offers or price cuts given by the company at specific durations.
(4.3) properties, sites, blogs, portals/directories, or platforms, relevant to target segment and that relate to the narrative.
The suitable platforms suitable to the target audience will be selected in accordance with the ease of access, high traffic, frequency of advertising and frequency of use by the target audience. The approach used will be that of advertising whereby the company will inform its target audience about the products and services it offers, location for its brick and mortar stores and the introduction of ecommerce and how it seeks to enhance the customers’ shopping experience (Carrefour, 2019). Sponsored content will also be used where popular sites and web pages will be used to host news, images and relevant information regarding the company and its products.
Placement will be through social media cites as they are the most accessible through ecommerce as well as through the company website. Images, news articles and catch phrases will be used depending on the sites, all of which will contain a link that redirects the user to the company website where all information regarding the company and its products will be made available. These sites will include; the company website, Facebook, messenger, instagram, pinterest, snap chat, YouTube, twitter, LinkedIn, google plus and yelp.
PART 5 EXPLORATION: Develop an optimization plan to capture consumers’ attention and interest.
Improvements to the user-experience.
To improve the user experience, the company will create a shot video of customer’s going through the process of ordering for basic items such as groceries through the company’s ecommerce platform. The video will demonstrate the ease and convenience in which the characters order goods and the speed in which they are delivered to their doorstep. The video will inform customers of the ease in making orders as well as the large variety of products to choose from (Walsh, 2011). The video will then be shared in platforms such as YouTube, instagram and also the company website. Another video will be created showing customers enjoying the convenience of physical shopping at the brick and mortar store. Since the company targets both online customers and those that physically visit stores, the approach will suit the needs of all types of shoppers and therefore increase the audience reached.
Develop recommendations for your client’s web content to increase site ranking and visibility in search results as well as communicate with target audience.
The content created to increase the site ranking will entail key words that will make it easier for the company website to pop up on searches on popular sites such as google. On-site and off-site material will be in the form of texts presented as blogs and press releases. A top blogger will be hired to write the press releases and make them as applicable as possible to the target audience.
PART 6 AWARENESS: Contextual Advertising.
The company will invest in Paid search SEM by creating videos tagged with key words like Carrefour ecommerce and mobile payments. The company will also use in-feed advertising through press releases that will be featured on Facebook, instagram and Forbes. An example will be the press release created informing the target audience of the new ecommerce platform created to enhance the customer’s shopping experience (Chaffey, 2009). Promoted listings will also be used and they will feature advertisements place on google and amazon, lastly, influencer placement where acknowledged bloggers will be used to write blogs and news content about the company’s ventures such as the focus on ecommerce will help to reach a larger target audience. To assess the success of the advertising, number of views, comments, likes and shares will help to determine the reception the advertisements receive as well as the impact that they have on the target audience.
PART 7 focus on richer engagement and commitment to the product/service/idea.
(7.1) Relationship development via email, text, chat.
The approach will use emails and online chats to engage customers, build better relationships and share more information regarding its products and services. Emails will contain press releases, information about new products and any relevant information that the company seeks to share with its target audience (Walsh, 2011). It will also share images of the company products and customer testimonials.
(7.2) Proposed mixed reality marketing campaign.
The augmented reality marketing campaign will be in the form of a video showcasing the improved shopping experience that the approach seeks to create. A video is applicable as it is informative and easily shared across different platforms.
PART 8 Performance evaluation plan
Since the goal is to enhance customers’ shopping experience through ecommerce, the evaluation plan will rely on data from the different online platforms used. Customer feedback, advertisement views, shares, likes and comments will create that data needed to determine whether the initiative is effective or if there is need for a different approach. Through ecommerce, Carrefour will be able to each a lager target audience and showcase its products and services as well as how it seeks to improve the customer shopping experience.
Qin, Z., Chang, Y., Li, S., & Li, F. (2014). E-commerce strategy. Zhejiang University Press
Walsh, K. (2011). Preparing your business for global e-commerce: A guide for online retailers to manage operations, inventory, and payment issues. Washington, D.C: U.S. Department of Commerce.
What segment of the public transportation industry interests you, and why?
Public transportation is a beneficial system for individuals and communities. Each transport fulfills the transport demand and supports mobility. Thus, it is important to pay much attention to public transportation systems in order to build a healthy business ecosystem and increase individuals' well-being (Kichline et al, 2017). I have worked in the transportation industry and what I can say about this area is that public transportation is the cornerstone of the achievement of social objectives or in other words, it promotes mobility, access to basic services, and improves work and studying. Another thing I have noticed is that public transportation systems need changes which means that there is a need to develop public transport due to the internal migration that has caused higher population densities. In addition, the population is aging rapidly which means that there is a need to improve the quality of services to meet the new demands (Kichline et al, 2017). In general, there is a need for development in order to build a strong operating environment and improve accessibility, and quality and safety public transport system.
Having worked in the transportation industry and interacted with executive leaders, I have gained more interest in public transportation systems. Note that citizens in both local and regional levels need good living conditions in terms of acceptable income levels, and availability and access to local services (Kichline et al, 2017). The citizens expect the local and regional politicians to develop social welfare, ensure economic growth, and society and community development. An important point to understand is that public transport services is one of the factors that improve community welfare and bring growth and development. I have gained much experience from my past jobs and I have learned that even though public transportation can offer many opportunities, there are various challenges that people living in urban areas encounter. Note that in urban areas, the transportation sector occupy environmental, social and economic areas and the sector becomes responsible for greenhouse gas emissions, global warming, among other problems (Kichline et al, 2017). Thus, there is a need for sustainability in public transport to promote beneficial conditions and bring many positive benefits to society.
The segment of the public transportation industry that interests me is the transit industry. In this area, I have a passion for construction development and paratransit service. What motivates me in liking this segment is the important role of the public transit systems in promoting a nation's growth and improving mobility. From my experience, I have learned that there is a need for efficient movement in order to improve productivity (Bezyak et al, 2017). According to my own research, there is a need to pay more attention on the transport sector and in the development sector to ensure efficient movement of people, materials, equipment’s, and a safe working environment. In urban areas, the transport conditions are deteriorating. Thus, there should be an expansion of transport infrastructure, comprehensive management, and effective transport policies (Bezyak et al, 2017). However, these can only be achieved through a development strategy. On construction/site development, I am interested in transport infrastructure development to promote economic activities and social well-being. To ensure adequate infrastructure, there must be good site planning which includes the analysis of the land structure (Bezyak et al, 2017). I am interested in the area of site development to bring structural changes and improve the transport system. For instance, I may improve the transportation system by focusing on the deconcentration or limiting the capital-city growth to avoid intolerable transport conditions.
Another segment of the public transportation industry that interests me is the Paratransit services for people with disabilities. People of all ages need transportation to satisfy their life including access healthcare, engage in recreational activities, access employment, and more (Bezyak et al, 2017). Despite the essential role of transportation, people with disability in America do not get adequate transportation. In 2011, the U.S Census Bureau reported that 36.3 million Americans are disabled and 30% do not have access to adequate transportation (Bezyak et al, 2017). Thus, they are hindered to experience the social environment among other forms of inequalities. I am interested in this segment since I will have the opportunity to address the significant barriers facing people with disability. I am interested in supporting the provision of paratransit services to disabled people to allow them to meet their daily needs.
I would like to pay much attention to the construction and site planning, and paratransit services. These two areas will help improve the transportation system and ensure affordable transportation, minimize traffic congestion, boost economic development, and maximize safety (Bezyak et al, 2017). By focusing on these areas in the transportation sector, I will have a closer look at barriers to effective transportation, and find a resolution to the problems. I look forward to bring potential improvements in the transportation sector to disabled individual access community participation. The purpose of having much interest in these areas is because I focus on smart growth development which can be achieved through improving mobility. Public transportation can offer many opportunities and by focusing on these areas, I will make a difference in the transportation sector through bring environmental benefits, economic benefits, individuals' well-being, and transportation benefits (Bezyak et al, 2017). People of all ages will enjoy safer transportation, and carry out economic activity in an efficient way.
References
Bezyak, J. L., Sabella, S. A., & Gattis, R. H. (2017). Public transportation: an investigation of barriers for people with disabilities. Journal of Disability Policy Studies, 28(1), 52-60.
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