The company has to maintain a separate sales department for each brand line and sales agent of one brand cannot be made responsible for increase in sales of other brands. Moreover, in case of seasonal products, company cannot allocate the job of increasing sales to an agent whose specified product is facing down
This quote illustrates how one consumer relies on the product primarily due to the fact that the man endorsing the product merely looks intelligent. White lab coats being a common signal of intelligence within modern society. The author of this piece continually includes titles and certifications of endorsers or creators of the product, MagnaSoles. Inclusion of the credentials of the creators of the product, further extends the author’s criticism of advertisements. Either due to a lacking quality of a product or no market confidence, the author believes that the frequent incorporation of credentials compensates for flaws within a product.
The next weakness of H&M is H&M have no ownership of property. When come to selecting store location, H&M always position it outlet in very best location .Undeniable, H&M do a great job on this and this might also offer the local customer the best shopping experience. Yet, the completely dependent on renting store premise could be a weakness to H&M especially when the contract is
The picture which emerges in the end shows that BiH is a transitional economy where IMC is still not adopted by marketers. Marketers are using IMC components but a fully fledged IMC campaign has not been devised by any company so far with intention of cost effectiveness and high brand awareness. This doesn’t mean that marketers are not aware of this concept. Rather, they are limited due to the current economic turmoil that the organisations are facing at large (Kent, Taylor, & Turcilo,
Unfortunately to build the value chain we would need a more thorough investigation on the TJ’s processes and arrangements. In my opinion to make the proper investigation of the resources gaps and missed capabilities it is required to be very familiar with the company’s organizational aspects and business process. But due to the fact the company does not publish any investor reports and is has never gone public (Stock Exchange or Private equity funding). In my opinion the Porter’s tool such as Value chain analysis in this case has disadvantages comparing to Grant’s simple approach to resource management and strategic planning. According to Barney (1991), a firm can be said to possess competitive advantage when it achieves superior performance over its competitors by implementing a value-creating strategy that is not simultaneously being implemented by a competitor.
Regulation 5(2) also stated if any contractual terms have been prepared in advance and the consumer was not able to effect the term, the term is also considered not ‘personally negotiated’. In Harvey’s case, the “clauses added by a rubber stamp” were definitely not ‘personally negotiated’, thus the contract between Harvey and Capability Limited is regarded as a ‘pre-formulated standard contract’ (reg. 5(3)). With this, it is debatable that the contract’s terms are one-sided and Harvey may argue that Capability Limited did not conduct a fair and equitable business with him. As a result, the clauses may be considered to be too biased and inequitable, thus being
Transactional leaders do not expect any innovative ways of doing task from their employees (Hartog & Van Muijen, 1997). According to Smith, Eldridge, and DeJoy (2016), transactional leadership has been used as a corrective approach, and has two dimensions: contingent reward; and management by exception (active and passive). Contingent reward means that leader uses rewards and promotions in order to get the desired results from their
In their estimation references, data, variables, diagrams or hypotheses do not qualify as theory. Among their criticisms, they noted the all too frequent tendency of simply referencing an existing theory without any attempt to set out its causal logic, describing empirical regularities without proper explanation as to why they are occurring, listing concepts without justifying their causal connections, and creating diagrams without explicating the mechanisms believed to be at play. While concurring with Sutton & Staw’s (1995) basic argument, Weick (1995) urged caution over what we discount as theory. For him theory is not just a finished product. It is equally a process, a work in progress.
Another researchers empirically proved that the relationship are inconsistently varied and reported that there is no significant link between the two variables (Gholam hossein et al , 2012) . This calls for the need to conduct more in depth research to investigate the link between intellectual capital components and organizational performance in different industries and countries. The effect of intellectual capital on organizational performance cannot be explained and generalized the result without considering the value , belief , shared vision of employees in organization . indeed intellectual capital components are not able to affect performance if there is no trust between employees and managers and no existing trust between employees to ensure knowledge sharing. No previous research Considering organizational culture and climate in the Investigating of the relationship between intellectual capital and performance in higher education institutions , thus, the findings of this research are unique contributions to the existing
SPEEDY JUSTICE THROUGH CONSUMER PROTECTION ACT WITH SPECIAL REFERENCE TO RAYALASEEMA: AN EMPIRICAL STUDY INTRODUCTION: “The aim of development must be neither producerism nor consumerism, but the satisfaction of fundamental human need” - Manfred Max-Neef In an under developing and vast illiterates country like India, a prudent consumer is not in a position to evaluate in detail the value of the services provided to him by the service providers. This has resulted the Trader, seller particularly, the service provider to exploit the consumer in market place. The age old principle of ‘Caveat emptor’ has ceased to be appropriate as a general rule in India like country. The consumer needs protection by law when the goods and