Case Study: Thistle Co. of Australia Triquestra Fuels Thistle ’s Multi-Site Retail Business Transformation RETAIL MANAGEMENT SYSTEM Background of Thistle Company of Australia (TCOA) Thistle Company of Australia (TCOA or Thistle) is a privately held company that currently owns and operates Australia ’s largest independent network of Shell-branded service stations and adjoined retail premises. Headquartered in Brisbane‚ and operating across Queensland and New South Wales‚ Australia‚ Thistle
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1. Using scenario planning‚ analyze the pros and cons of each alternative. Alternative of low cost Pros * New traffic for budget conscious customers * More sales volume Cons * More needed space to hold product * Less product available because selling product faster * More labor required for replenishment of inventory and store front * More disgruntled employees from sheer volume of customers * High employee turnover from stress Alternative of differentiation Pros
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Wal-Mart’s Business Practice Big corporations are known for their revenues and the social impact in our society. Many times‚ the media ignore what is behind the success of these companies. Behind Wal-Mart’s success there are thousands of people who work every day to serve communities by bringing the lowest prices on the market and providing excellent customer service to millions of families. The strong culture of this company is another attribution for the success of this firm. According to the study of
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Low cost strategy is one of the three generic marketing strategies. Companies use this strategy to offer low price in its products/services by focusing on various points in its value chain activities. In order to be a successful low-cost competitor in a competitive environment‚ companies focus on several issues; which all pass from the ways of margin improvement (in terms of increasing revenue and reducing cost) and asset effectiveness (in the sense of minimizing working capital and maximizing
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Best-Cost Strategy VS Low-Low Cost Strategy Q1: What is the difference between best-cost strategy and low-cost strategy? Best-cost strategy is when the company makes an upscale product at a lower price which in turn gives more value to customers in exchange of money. This means that the strategy involves focusing towards customers who are value-conscious and are willing to pay money in exchange of a good that has upscale features. Low-cost strategy focuses on niche customers. They sell their
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Low cost airline For low cost airline their aim is to achieve offer low price and no-frills for the customer to let the customer to get profit from the lower price. The industry believes in providing convenient services on their passenger to by making traveling easier and affordable. Hassle-free‚ no-frills‚ and low fare services for their target market‚ convenience of their target market. The industry believes in providing convenient services on their passenger to by making traveling easier and
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A Retail Giant Created by Best Employees Introduction In the retail markets of all industries‚ Apple has clearly distinguished itself from its competitors with its significant revenue. In 2010‚ as stated by Farrell and Staff (2011)‚ Apple earned approximately $6‚000 per square foot‚ which guaranteed Apple to be the most profitable retailor. The second retailor on the list‚ Tiffany‚ only accomplished half of Apple’s profitability (Farrell & Staff‚ 2011). Speaking of Apple’s success‚ one cannot
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discount supermarkets need to offer customers value for money. ALDI – the budget food supermarket chain based in Germany understands that its customer wants to buy everyday groceries of the highest possible quality at guaranteed low price. (ALDI Australia‚ 2013) As stated in its “Spend a little Live a lot” message‚ ALDI operate in a no-frills concept. And in company’s initial international expanding stage‚ it mainly focus on attract low-earning clienteles who think much of price and quality but don’t
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Aldi’s business Report 1 Executive summary This report presents a business case study of Aldi‚ to examine both internal and external factors that drive Aldi to the current successful position in the UK highly competitive grocery market. The report contains the PESTLE‚ which analyses external factors affecting Aldi’s business strategy. Furthermore‚ the report will discuss the essential business strategies; include the cost-leadership and price strategy‚ which helps Aldi to obtain competitive
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Case Study: BT Retail Executive Summary BT was created in 1981 when the telecommunications arm of the British Post Office was reformed as a separate entity in preparation for privatisation in 1994. The various challenges came with this privatisation which included competition‚ very tight government regulations which had an impact on product prices and the day to day running of the business. As a result of the privatisation‚ a different direction had to be adopted by the company as having
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