Strengths
At Creative World Shoes (CWS), we retain many strengths as a company. To begin, we have a strong sales team. In a retail business, a powerful sales team is crucial because they are the direct link to the customers. We have hired and trained the proper individuals for our sales team and we believe that it is a powerful team. It is essential that they are constantly motivated and secure in their job. Open communication is always welcome in this company. We believe in employee satisfaction and we are constantly listening to their suggestions. Leadership in a company can impact the energy greatly. We hold meetings every Monday to make a plan for the week to keep everyone organized and satisfied. A happy sales team means happy customers.
CWS has always strived to produce the cheapest products while maintaining great quality. We ensure that our costs are cheap in order to promote these great prices. This increases our market share seeing as consumers typically turn towards cheap and good quality products furthermore increasing brand loyalty. Once we build a relationship and trust with the consumer, they are more likely to become loyal to our brand compared to the competition because of our cheap prices, but great quality.
Marketing has become progressively powerful in businesses as technology advances. Our marketing team has developed strategies that increase sales immensely. Marketing has shifted from classic radio and newspaper advertisements to the social media
In talking with Scottie, I then began to notice the importance of social selling and social media marketing
The company is extremely concerned about creating a healthy work environment for its employees, as well as a healthy community environment for its consumers. The company has proven that it cares about both its employees and consumers. The company has chosen to make word of mouth its most valuable advertisement method. It is this way of thinking that is attractive to customers and employees. This keeps employees with the company and consumers coming back to the company.
If a brand has a good reputation, customers and businesses, are more likely to purchase that brand. Examples include logos and packaging. (B2B and B2C Similarities and Differences , n.d.) These need to capture the attention of their customers because businesses have competition and therefore need to stand out.
They try to source with integrity and make a positive difference in the community and the world. They constantly donate their time to charity events, and also recognize the events in store to try and get help from others. They reflect the nation’s diversity through not discriminating as well as buying products of all cultures. Lastly, they try to make the company a great place to work. They
II. A. Company Info Since the beginning in 1993, Kate Spade has been known for their use of colors and patterns, but it all started with a purse. Kate Brosnahan Spade designed a line of 6 purses completely different from the trends she saw on the runway. This was just the beginning for Kate Spade as they now sell everything from jewelry, to clothing, to home decor. In 2007 Spade sold the company to Liz Clairborne with Deborah Lloyd as the President.
The power of social media is finally getting recognized by companies. Using sites such as Twitter, Facebook, Instagram, and Pinterest to place advertisements about a new product, or even posting a general idea of what the product you will be launching can create buzz about the new product and can be seen by thousands, perhaps millions of people. Using social media as a platform for the AIDA (awareness, interest, desire, action) model would undoubtedly secure attention, interest, desire, and action in a new successful product launch. The other recommendation I have is to plan your marketing strategy as early as possible. Planning early will allow a company to do as much research as possible to ensure that they have the correct customer target, while applying the marketing mix in the proper way, and even allowing time to make last minute adjustments before launching the product.
The happiness of staff helps create loyal and hardworking employees and this is very hard to build for many communities. The culture of Trader Joe’s is unique in terms of organization. The Culture of happiness is a key and at the same time an evidence of sustainable success. But as the community gets bigger and bigger it may be challenging to sustain it in the future. 4 - How would you modify Trader Joe’s strategy going forward?
Lululemon fully depended and worked on retail model, as well as management team relied on customer feedback to make changes. Employees would also give instructions how they were supposed to rearrange the product each week. Moreover, employees were instructed to wear athletic outfits.
Toms shoes are made from environment-friendly materials like natural and organic vegan substance, including the packaging that is made from 80% recycled waste. Going further on the path of social corporate responsibility, the company can broaden the range of their products and services and explore additional sustainable materials to create their products. Internal Environmental Factors: Strengths 1. Mega Brands Inc. sells a wide range of products like puzzles, building blocks, construction sets, and activity craft-based games. Due to the variation in type of the products they sell, consumers have more options to choose from.
We’ve got this very productive network of stores. And then,in the past year and a half, we’ve leapfrogged from not having any digital strategy, really notengaging or knowing our guests intimately through the use of technology, to having this digitalnetwork that provides incredible air cover to our stores. Now you take that outside NorthAmerica, you become a global brand, and you take that beyond women to the men’s market. Wehave a five-year goal of doubling our revenue and more than doubling our earnings.
The company Fast Retailing Co., Ltd was found and established on 1 May 1963 in Japan by Tadashi Yanai. Presently, they have launched several apparel and lifestyle brand of UNIQLO, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand. UNIQLO was first, to be introduced by Fast Retailing in 1984. It was a brand created to provide comfortable causal clothing to everyone, women, men, kids and babies. A lifestyle wear that was made for all, for everyday activities.
STP SEGMENTATION Construction and building block toys for children Demographic Segmentation • The company’s collection of toys and games are targeted at both genders and different age groups. • There is a product to engage children at every stage of their development, and products to cater to the needs and interests of older people. • LEGO DUPLO was launched as the big brick for the small hand and is targeted at pre-school children. • The series is graded in difficulty for children aged 2-6 years old.
3.3 Leading The founder of ZARA, Amancio Ortega is known for his leadership skills as that has contributed a big part to his success. His success depicts a leader with a strong vision and is clear about their purposes at all times. It is said that he was an autocratic leader first where the concentration of power was focused on him. But once his business ascended, and his reputation became superior, his leadership style transformed to a democratic way of leadership.
We are experts in dealing with getting our imported products in the hand of customers directly. The teamwork in the workplace is essential to the success of business. When the team work together, we understand the strength and weakness of each team member. It mainly depends on the team leader in dividing up the tasks and getting things done by through the qualified members. Delegation of responsibilities has been practising in each team.
Online Marketing Internet and powerful mobile technologies have rapidly increased company efforts to market their products and services and build customer relationships via websites, social media, e-commerce, mobile apps, online promotions etc. These are very powerful tools, especially to reach the younger generations of tech savvy