Policy and Strategy Group Report PARKnSHOP [pic] 1 Content Content 3 Appropriate Illustration 4 Executive summary 5 Company Background 7 External environment 7 Macro environment 7 Porter’s Five Forces Model: Parknshop 9 Internal analysis 11 Value chain analysis 11 Resources- Based View of the Firm 13 Current strategies of PARKnSHOP 15 Key issues 17 Recommendation 19 Conclusion 22 Reference lists 23 Appropriate Illustration Executive summary PARKnSHOP is basically one of the two largest
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Introduction PARKnSHOP is the largest superstore in Hong Kong. Be a successful superstore‚ they are using a comprehensive supply chain system. In 1989‚ there were no computers in any of PARKnSHOP stores‚ PARKnSHOP managed the stock manually in that time‚ everything used to take so long and caused lower efficiency. After adopting Electronic Data Interchange (EDI) system (which is called GS1 HK)‚ all data are recorded in the system. The efficiency have been much more improved. In the fast moving
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heard about the supermarket which is PARKnSHOP‚ the image of PARKnSHOP is a large supermarket that where can purchase most of the comment thing we used in daily‚ like rice‚ oil‚ food‚ fruit and so on. In this time we have choose PARKnSHOP as our study company. PARKnSHOP is one of the two largest supermarket chains in Hong Kong‚ the other being Wellcome. PARKnSHOP operates more than 260 outlets in Hong Kong‚ Macao‚ and Mainland China. The first PARKnSHOP store opened in Stanley‚ Hong Kong in
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Bargaining Power Model- The Laws of Human Resources Application of the Bargaining Power Model to Evaluate the Outcome of the New York City Transit Employees Strike of 2005 Background: On December 20‚ 2005 the Transport Workers Union (TWU) called a strike in the city of New York after initial talks to resolve issues on a new contract with the Metropolitan Transport Authority (MTA) failed. The strike was‚ “Over wage rises‚ health-care and pension costs and the retirement age of employees.”
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4.0 Bargaining Power of Suppliers 4.1 Degree of Supplier Concentration The Australia LCD screen TV business is currently dominated by a lot of electronic manufacturers. They are Acer‚ LG‚ Sony‚ Samsung and many others different company (PC Authority 2007). Products from these manufacturers can be found selling in companies like‚ Dick Smith Electronic‚ Myer‚ David Jones‚ Harvey Norman and others electronic retailers. The bargaining power of a supplier is the ability to influence the setting of
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Bargaining Powers of Customers Porters’ competitive factors theory is a framework for industry analysis and corporate strategy development. It draws an overview picture that industry rivalry is affected by five main forces‚ which are bargaining powers of customers‚ bargaining powers of suppliers‚ threat of new entrant and threats of substitute products. Relating Porters’ thesis and the topic of managing customers‚ element named bargaining powers of customers‚ which can be briefly understood as
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Bargaining Power of Supplier Suppliers barely make any difference to companies involved in shipping line business‚ especially who are leading players like “Maersk” in this business. While it may affect to certain extent to small players like Five star shipping company‚ Varun Shipping company etc. who are struggling to establish within the industry. Many suppliers are such which are borne directly by customers but arranged by shipping lines like pesticide‚ wooden pallets‚ container repairs and truck
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Bargaining Power of Buyers According to Michael Porter‚ one of the 5 forces that can cause competition and influence a corporation is buyers/consumers. Without customers a business is nothing. Buyers cause corporations to compete against one another by causing them to lower prices and produce higher qualities of goods/services to consumers. The following are when a buying group has the greatest influence. When a buying group purchases large volumes When one buyer purchases most of a supplier’s
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products. Bargaining Power of Buyers. The greater the bargaining power of buyers‚ the lower the industry’s profitability. Bargaining power of buyers will be determined by the buyers’ price sensitivity and their importance to the individual firm. As the volume of purchases of a single buyer increases‚ its bargaining power with the supplier increases. Bargaining Power of Suppliers. The greater the bargaining power of suppliers‚ the lower the industry’s profitability. Suppliers’ bargaining ability
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Beats and other audio devices manufacturing companies. They are not only competing in the quality of audio system‚ but also in its special features‚ comfort‚ designs‚ and brand image. Therefore‚ the rivalry among established companies is high. Bargaining Power of Buyers: HIGH In the market‚ the buyers can be either consumers or distributors‚ such as wholesalers. As there are many competitors in the industry‚ it is very easy for buyers to purchase a different headphone audio brand instead of Skullcandy
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