It can be made through functional strategy. For example, as it has done, it can make new impressive advertisement. Actually, one of the success factors of Hi-Mart came from its impressive advertisement attracting many customers to its stores. However, people say that advertisements are too similar each other so it’s the time to change old one and they also point out the expensive advertisement cost which makes Hi-Mart hard to use its cost leadership strategy. Except for the advertisement, there is another strength factor, which is HR.
(Factors in favor and against). The new venture could enter this industry because if the business has good financiers and also gets more contractors then business will grow. First, need to find trustworthy workers, must ready to collect trash anytime and anywhere. Also, they need to know if their company would succeed in future. They may not succeed if other companies lower their prices.
Primarily, Aldi uses time-based management to reduce the time wasted in business operations through the use of their multi-skilled and flexible workforce. Continuous improvement is part of Aldi's culture where all employees are constantly involved in making improvements to quality. Just-in-time production is important to Aldi's competitive strategy because they receive materials just as they are needed, thus eliminating the need to maintain large stock levels. Most importantly, volume purchasing lets Aldi buy much larger quantities because they sell fewer variations of each product. This enables it to take advantage of economies of scale and source products more cost effectively.
They often rely on powerful distributors (hypermarkets, supermarkets, convenience stores, independent proximity stores…) as well as smaller sub-channels such as restaurants, businesses, schools, hotels, vending machines etc While these channels have become standard and unavoidable, especially in developed countries, they have reached in the past decade a certain maturity and companies often look for new growth levers in order to stay competitive. As a result, companies are always seeking for new profitable and innovative ways to distribute their products to the consumers. One of the most innovative business model in that sense is the direct-to-consumer (DTC) model, which aims to generates additional sales (on top of the existing channels) and create a proximity with the consumers by distributing the products directly, without resorting to the usual intermediaries. The direct-to-consumer has known a real boom in the past years, thanks to the Internet and the rise of e-commerce. But how do these companies, relying strongly on distributor giants such as Carrefour, Walmart and Tesco, adapt to this new trend ?
Hiring competent people, and training them: Despite the fact that the employees hired are believed to have the required knowledge to deliver, Enaxis Consultant provided training to ensure worker have a full understanding of the duties they are going to partake. This idea not only makes the employee reliable but also boost his/her confidence while doing his job because of the understanding of the work. The company also gives room for initiative-talks, give room for sharing ideas and encourage entrepreneurship. 3. Making the company a fun place to be: Enaxis Consulting believes that employees are the greatest resources to excel in business.
First of all CSR helps increase profitability and value by using energy more effectively thus saving energy and manage waste in order to reduce it further. (Kielmas, 2014) Another advantage of practicing CSR is the build of good company image and reputation in front of customers. Consumers are more likely to trust a company that stands for being responsible and ethical in their values and practices. (Kielmas, 2014) The disadvantages can be financial for small business as the costs of CSR are usually high, allocates a budget for a CSR program can be a challenge. Another disadvantage is related to the image of the company: as much as implementing CSR can help polish the image of a business it can also tarnish it if the CSR approach is perceived as ‘’green washing’’.
Instead of buying different cleaners for different cleaning purposes, people can save money by buying Amway Super Concentrated Cleaning System because it had different cleaners for different cleaning purposes in a single product. They could save time by using the product. Amway Concentrated Cleaning System had a dilution dial inbuilt into it so the people decide on the spot as to how much water dilution would they prefer with the product, so people would prefer to carry single product for cleaning instead of carrying different product for different cleaning
The Amway Super Concentrated cleaning system came in a new 250ml formulation which is four times the concentration of other 1litre sized cleaner. And also came with a dilution dial which would allow for easy dilution with water. In this way the customers can save money instead of buying several cleaners for several purposes which they are getting the benefits of several cleaners in one cleaner for several purposes. So Amway’s new product would actually fulfill the needs of the customers. So people can live better lives by spending less money for a good product, wasting less time in searching for several cleaners and cleaning liquid, they had the benefit of convenience, not harmful for the environment, among some other benefits, which will lead the people to live better
She knows that she can offer lower costs than the Hair Cuttery that is opening nearby, but she will need to make some improvements to do that. In addition, she need to offer different products and services, because her competitor has already another product to offer to customers which is manicure. Search for other alliances and make her business grow. Using the Cost leadership is the most useful and effective strategy, now that Kelly gained a large clientele and she needs to retain them by offering to them the usual good service at a low cost. Which are the main two ways of achieving this within a Cost Leadership strategy: • Increasing profits by reducing costs, while charging industry-average prices.
It is helpful because it forces you to think of the busi for creating a business strategy Strengths Receives a lot of support from customers, which leads to more mouths being fed Customers trust KFC more, because of the transparency with how money gets used. KFC gains experience in CSR Weaknesses KFC has to contribute a lot of money to the initiative in order to have raised a lot Expected to improve all the time, or else it will seem as though the initiative is a fail. CSR is non-profit Opportunity KFC could gain many new customers that support companies that have CSR projects e.g. KFC Gets an improved image, therefore getting loyal customers Gets publicity Threat Competitors that don’t have CSR, gain competitive advantage by not using money and resources Question 7 Sustainability Business sustainability is often defined as managing the triple bottom line – The process in which businesses manage their social and environmental and economic risks, opportunities and obligations. These impacts are well known as people, profits and