P5 M2

The UK had recently emerged from the recession 2007-2009, the economy is now recovering. During the recession, many businesses had struggled to survive. The strategies that businesses had taken during recession may affect their long-term profits. For example, as people spend less during the recession, businesses try to reduce their costs and reduce prices in order to encourage customers to buy their product e.g. Primark, M&S etc and many businesses have also closed down branches in order to maintain their

More recently, the recession impelled many bricks-and-mortar retailers towards a damaging focus on discounting that eroded not only many stores’ price positioning but also any point of differentiation or exclusivity.

In this competitive business arena it is crucial to strategize and come up sound managementsolutions in order to stay afloat in the market. This is an individual report of ImperialCompany which showcases all the key management decisions that were taken to maintain acompetitive edge in the global market operations of its products. It will be sequenced in thefollowing format:1.Introduction to the Athletic Footwear Industry2.Thorough Business Environment Scanning3.Evaluation of Competition Forces

My fellow students and I were asked to answer four questions related to the Stanford Graduate School of Business Case: GS-57. The Case title “CROCS (A): REVOLUTIONIZING AN INDUSTRY’S SUPPLY CHAIN MODEL FOR COMPETITIVE ADVANTAGE” presents how the Crocs Company changed the footwear industry. The following is the questions and answers relative to this assignment.

First, there is economic infrastructure which is described as the basic facilities and services which directly benefit the process of production and distribution

P3 - Explain relevant sections of key legislation and associated guidelines with regard to the administration of medicines

P7- Describe the roles, responsibilities and career pathways of 3 health or social car workers.

The negative outcome with this strategy would be that it may not lock-in retailers. More research and negotiation with retailers will be needed. Another negative affect would be that this strategy would be costly. We would have to see if we are financially stable to invest.

This assignment will be talking about my time at placement (Waltham House) and how i participated in a one-to-one interaction and also a group interaction. Then it will be explaining how I assessed their communication and interpersonal skills in relation to each of the interactions. Finally I will be evaluating factors that influenced the effectiveness of each interaction.

Low pricing eventually results in loss of customer loyalty as pricing to bottom is a risky business strategy.

P6: Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders

I am researching the economy of Brazil. The definition of economy: The Management of the income, expenditures, etc of a household, business, community, or government. Careful management of wealth, resources, etc; avoidance of waste by careful planning use; thrift or thrifty use. (1) The system or range of economic activity in a country, region, or community. (2)

The current economy has hurt many retail businesses. Every month another retail giant closes its doors. Retail stores which we never would have imagined have gone bankrupt. Retail sales have declined greatly. Major cause of this declination is because many people are unemployed and cannot afford to purchase anything. Retailers are forced to discount prices to increase sales, but discounting still hurts margins. Retailers are assuming a very

1. Economics – the efficient allocation of the scarce means of production toward the satisfaction of human needs and wants.

In my opinion, if the sales volume were starting to suffer due to an economic recession, it would be absolutely necessary to change the corporate strategy. This is particularly true if the recession may have long-term effects. One of the primary areas a recession affects in terms of products is the price. The current corporate strategy adopted by Nike is clearly geared towards the higher end of the market, and such a strategy may not be sustainable if consumers are searching for value in a market recession. Therefore, a change in corporate strategy would involve cost cutting, either from sponsorships or by reducing stores' overheads. A change in the market, as significant as a recession, requires a new strategy for organizations in ensuring