The UK Retail Industry - Case Study Example

Only on StudentShare

Extract of sample
The UK Retail Industry

This is so because success is based on an organization's ability to create, rather than predict the future by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 1995:71).
Within the context of today's global competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 2007:2). These researchers went further to argue that, this strategy has become quite common in many businesses including the retail chain stores. The conventional vertical integrated company based business model is gradually being replaced by collaborative relationship between many fragmented, but complementary and specialized value stars and constellation (Wu & Chien: 1).
In today's global business environment it is no longer sufficient simply to meet customers demand as time quality and cost have become increasingly important in the phase of increasing competition (Petts 1997:551).
According to Higgins (1998:2), "customers don't always know what they need or even that there is a problem to be solved." Success awaits those companies that recognize the fact that, to be successful and satisfy customers, it is often necessary to lead cu ...Show more

Summary

Today business environment has become increasingly turbulent, chaotic and challenging. To survive, it is vital that a firm can do something better than its competitors (Wonglimpiyarat 2004:1). Globalization has not only altered the nature and the intensity of competition but has had to dictate and shape organizations in terms of what consumers wants, how and when they want it and what they are prepared to pay for it (Hagan 1996:1).
Author : nkertzmann
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"The UK Retail Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

Retail Industry in the UK
Retail industry in the UK is one of the biggest industries and it is still growing notwithstanding the economic conditions in the region. In the year 2009, retail sales in the UK amounted to over £285 billion and the total amount of sales kept growing in the later years.
6 pages (1500 words) Essay
Retail industry of UK has been one of the most growing industries over the years
LITERATURE REVIEW: 9 2.1. Introduction: 9 2.2. Performance of Food Retail Industry in UK: 9 2.3. Impact of Recession on Performance of Food Retail Industry in UK: 11 2.4. Changing Trends in the Retail Industry: 13 2.5. Summary: 16 3. RESEARCH DESIGN AND METHODOLOGY: 17 3.1.
31 pages (7750 words) Dissertation
Analysis of the UK Music Retail Industry
Control on copyright and recording places potential limitations on the formal distribution channels, for instance, downloading music online (Burt and Sparks 2003, p74). In other words, formal distribution channels have been affected by recording and copyright controls and laws.
6 pages (1500 words) Essay
INDUSTRY AND EXTERNAL ENVIRONMENT ANALYSIS
It is true that intensive competition within the industry is forcing the organizations within the industry to undertake several unique and aggressive competitive strategies. Recent financial crisis and global economic recession have several effects both on the buying power of consumers and business practices of the organizations within a particular industry.
10 pages (2500 words) Assignment
AN ANALYSIS OF THE UK SUPERMARKET RETAIL SECTOR
Demand Like in other part of the world, there has been increasing spread of spending culture in the UK. The tradition culture of spending on what is required is slowly dying away and there has been evidenced increase purchase from consumer. This has been enabled by increase in disposable income as more and more people shift their livelihood upward.
6 pages (1500 words) Case Study
UK Retail Market
The top five clothing retailers, M&S, Next, Arcadia Group, Matalan and BHS, claimed 44% of sector sales in 2004 making the UK one of the most concentrated clothing sectors in Europe. In spite of this, value-led retailers, such as TK Maxx, ASDA (George range) and Tesco outperformed the rest of the market, continuing to be the fastest growing channel and generating 2 billion in clothing sales.
8 pages (2000 words) Case Study
Sustainable Business Development -- Paper
Both the environmentalists and the paper industries need to come up with a workable solution. The consumption of paper is increasing at an alarming rate. Since the year 950, the consumption of
14 pages (3500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT