Wednesday, May 6, 2020

Competitive Advantage of Store Design and Customer...

COMPETITIVE ADVANTAGE OF STORE DESIGN AND CUSTOMER HANDLING IN RETAIL STORE DESIGN Good design creates the vital difference in today s competitive marketplace. Successful companies use design as a powerful tool in their marketing strategy by making better products and building a strong retail identity. Design creates a better environment at the workplace and projects the organizational image. Good design offers many benefits - a vastly improved quality; a defined statement of identity; an optimizing of resources. Good design creates products that look good, work well, last long and are affordable. Today s market leading products, however, have to make the consumer feel good too. They must possess that indefinable quality that†¦show more content†¦If the customer is frustrated and complaining, expect the tone of his or her message to be angry and confrontational. That doesn t mean you should be. Respect your frustrated customers and reply to them in an empathetic tone. But don t stop there. If you haven t received a reply, follow up with the customer to make sure that you have addressed his or her concerns. This additional email will show the complaining customer that you re willing to come to a mutually agreeable solution to the problem. If a customer sees that you re willing to work with him or her, this will go a long way in resolving the issue. Just remember that every complaint, no matter how illogical, should receive a reply. Your best efforts could turn a complaining customer into one of your best. Remember that good service is essential and is a promise you make to your customer. So don t make any promises you can t keep. A company may attempt to differentiate itself from its competition through the provision of better customer service. The consistent delivery of superior service requires the careful design and execution of a whole system of activities that includes people, technology, and processes; although, the rewards will include impro ved revenue from customers that are impressed with the service provided. The relation should not be only a buyer seller-relation but beyond. Real customer service is emotional labor. You have to dance between being truly empathetic to a frustrated customer sShow MoreRelatedSwot Analysis : Omni Channel1298 Words   |  6 Pages The retail world has evolved at extraordinary levels over the past decade. Shifting trends in market behavior have driven the industry to adopt omni-channel as a fundamental business practice, view the customer through the lens of lifetime value rather than transactional value and satisfy customer demands for increased value and service in each purchase while still obtaining the most competitive cost. As these new principals have influenced the transformation of the retail industry, the supplyRead MoreZar Fast Fashion : Resource Based View1502 Words   |  7 Pagesdefined that the RBV is a model that points out resources as main role to superior firm performance; â€Å"If a resource exhibits VRIO attributes, the resource enables the firm to gain and sustain competitive advantage†. However, according to Grant Marah (2013:116), â€Å"individual resources do not confer competitive advantages; they must work together to create capabilities†. In general, RBV has a major impact on strategy within the flux of current fast – moving world. ZARA is a hottest retailer in the fastRead MoreWal Mart : The Largest Retail Store Of The World1268 Words   |  6 PagesWal-Mart Stores Inc. is regarded as the largest retail store in the world. Since its founding in October 31, 1969, it has been involved in retail operation, in various parts of the world (Wal-Mart, 2015). The company operates in three segments, which comprise Wal-Mart US, Wal-Mart International, and Sam s Club. Notably, Wal-Mart Canada works both in the international division and the company Sam s Club. It was established in 1994 through the acquisition of the 122 Canadian leases of Woolco. InRead MoreIKEA SWOT Analysis998 Words   |  4 PagesWeaknesses 1. Customer knowledge 2. Constantly using innovations to drive costs down 3. Supply chain integration 4. Brand reputation and market presence 5. Diversified product portfolio 1. Negative publicity 2. Decreasing quality 3. Standard products Opportunities Threats 1. Further expansion into developing economies 2. Growing online sales 3. Expansion to growing grocery market 1. Intensifying competition 2. Growth of average consumer income 1. Customer knowledge.  One of the key competitive advantagesRead MoreWalmart, The Largest Public Service Company1342 Words   |  6 PagesStates. It is the largest public service company in the world. Just to give you an idea about the size of its operations, if Walmart was a country, it would have been the 25th biggest economy in the world. As of 2016, Walmart has more than 11,200 stores across 27 countries and by the end of 3rd quarter of 2015 had $15 Billion worth of Inventories. Walmart was founded in the year 1962 in Bentonville, Arkansas by Mr. Sam Walton. In its maiden year of operations, the company garnered revenues of $700Read MoreI will attempt to outline below the key issues whether or not a multinational company is able to1300 Words   |  6 PagesI will attempt to outline below the key issues whether or not a multinational company is able to maximise its competitive advantage by controlling its own supply chain. Introduction There are many multinational companies which operate on such a high level worldwide such as Walmart, a multinational company is basically a corporation that is known to be registered in more than one country or that functions in different operations within a couple of countries. Multinational companies may consist ofRead MoreCustomer Centric Organization Of Fast Vision Products And Services1658 Words   |  7 Pagesone-hour service, the broad range of brand selection and the great customer experience in their stores. Clients can, thus, be served within an hour through a lab consultation where a customer can choose eyeglasses that meet their most needs. The firm surpasses competitors through offering the latest brands with customized payment plans such as flexible credit offers at their Optometric service shops. They provide excellent customer service experience in their on-site labs where personal consultantsRead MoreA New Business Adventure Of Fice Supply Industry1083 Words   |à ‚  5 PagesStaples was founded by two gentlemen, Tom Stemberg and Leo Kahn that were ready to start a new business adventure in the office supply industry. Both men had worked in the retail industry, and was open to building a company with a design twist of â€Å"Toys R Us†, which would be a business model structure into an office chain supply company that would service smaller business owner. According to Alan (2009) the business idea was created by Tom Stemberg from the concept being able to supply consumer withRead MoreExperience and Comments of this course1659 Words   |  7 PagesCommonwealth Bank Australia Striving for customer service excellence through open-plan banking â€Å" A revolution in the way we conduct business; staff find the Vertera teller cash recycler has enabled them to get closer to and interact with our customers. † Brian Moseley General Manager for Distribution CBA Determined to be differ Background Commonwealth Bank Australia (CBA) is the largest Retail Bank in Australia with over 1000 branches and a household deposits market shareRead MoreCustomer Orientation Of Airport Service Quality949 Words   |  4 Pagesproblem is that service quality in an airport declines when the airport has reached its design peak hour or even exceeded it. This simply means the airport cannot handle the amount of passengers it has thus customer satisfaction decreases. Today s air travelers have meaningful choices among airports and there is an increasing urgency among airport marketers to differentiate themselves by meeting the needs of customers better than the competition. While passengers perception of airport service quality

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.