Agenda • • • • • • • • • • Organizational Overview Industry Snapshot Competitor Analysis Financial Analysis SWOT Overview Current Strategy Strategic Issues Recommended Solutions Implementation/Justification Recommendation Recap Organizational Overview • • • • • • Founded by Sebastian S. Kresge in 1962 Number 3 discount retailer in the U.S. Operates 1‚479 stores in 49 states Maintains 3 retail concepts Filed bankruptcy in 2002 Merged with Sears‚ Roebuck & Co. in March 2005 Industry Analysis
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1962 - With Harry B. Cunningham as president‚ the company opened the first Kmart discount department store in a suburb of Detroit.
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Retail Comparison Kmart and Target Word Count: 2500 Executive Summary The comparison that has been undertaken in the study is a thorough study taking in to account the external and the internal environment of both the retail companies Kmart and Target which are both successful in different countries. Kmart in Australia is successful while target is a struggling Company. Both deal with the same types of products and both companies belong to the same sector. The aim of the study is
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Due to slow sales and less traffic at both Sears and Kmart‚ the two have decided to merge creating one entity named Sears Holdings. Kmart has agreed to buy Sears for $11 Billion. This puts Sears Holdings at the third largest retailer behind Wal-Mart and Home Depot. Although Wal-Mart is a direct competitor with Kmart‚ Sears Holdings goal is not to compete with Wal-Mart directly‚ but find areas that have been overlooked by other retailers‚ and take advantage of the expanded line of products the new
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Much has changed for Kmart in the past decade‚ with sales totaling over $37 billion in 2000 to just over $12 billion in the last year (CNN Money‚ 2015). Like many consumers‚ the ‘Bluelight Special’‚ is not going to be the deciding factor in purchases for me. It may be an iconic symbol of what Kmart once was‚ but those days are gone‚ as are the customers of that era. Kmart needs to employ an action sequence that is geared towards reaching the new
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Kmart- Performance Management Tactics More than one hundred years ago‚ Sebastian Spering Kresge opened a modest five-and-dime store in downtown Detroit and changed the entire landscape of retailing. The store that Kresge built has evolved into an empire of more than 1‚500 stores and an Internet presence that reaches millions of customers. Overall‚ Kmart’s workforce is highly diverse. Kmart’s total associate population‚ including store managers‚ reflects the communities it serves. Almost 32 percent
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I. Nature of the Organization Kmart‚ affiliated with the Sears Holding Corporation‚ competes within the retail industry. As part of their mission‚ Kmart is committed to building lifetime relationships by offering quality products and services at discounted prices. Kmart’s products range from groceries to clothing‚ and services varying from layaway to leasing. Kmart aims to give their customers the well-rounded experience from the moment they walk through the door to thanking them at the end of
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I. Introduction Business process management has become the primary strategic approach to managing business in the 21st century. The approach recognizes that the customer is the most important driver of business success and as a result the goal of business process management is to organize the business in the best way to deliver value to the customer. Business process management is a system designed to organize the business around the central principle of delivering customer value. It is a systematic
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BUSINESS BUSINESS PROCESS PROCESS RE-ENGINEERING RE-ENGINEERING BP R BP R Report produced for the EC funded project INNOREGIO: dissemination of innovation and knowledge management techniques by Sotiris Zigiaris‚ MSc‚ BPR engineer BPR HELLAS SA J A N U A R Y 2 0 0 0 BUSINESS PROCESS RE-ENGINEERING - BPR 1 Contents 1. Description .................................................................................................................2 1.1 What is the Business Process
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Business Research Process RES 351 January 8‚ 2013 Abstract The business research process is an important tool that can help the marketing in a business. By using the steps of this process managers are able to make decisions based on the study of the consumer and target audience. It is also important to identify the competitors in order to stay profitable and competitive. Business Research Process The business research method involves the studying of all parts of a company‚ the customers
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