Porters Five Forces of the Retail Industry I. Supplier Power The bargaining power of Suppliers is relatively low. There is a high competition between suppliers which means that their ability to raise prices or reduce quantity is very low. Suppliers include both domestic and international manufacturers and because many retail products are standardized‚ retailers have low switching costs which make the supplier power low. Larger retailers have power over their suppliers because they can threaten
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specifically problems related to different cultural aspects. The cultural aspects can be understood either by reading research studies or first-hand observations and experiences. In this case‚ I understood the cultural impacts purely by experiences. Normally‚ western countries are more individualistic compared to cooperative culture in Latin America and Asia. According to Utkarsh Rai‚ author of “Offshoring Secrets” the following are the specific aspects of the Indian Culture: the compare and contrast culture
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(re)configurations‚ among others Just-in-time (JIT) manufacturing systems have attracted the attention of industries all over the world. The perceptible impact of JIT lies in attaining productivity and quality standards. The real challenge before Indian managers is to establish priorities among potential JIT techniques to achieve best possible advantage of JIT implementation in Indian industries.. With the variety of products on offer increasing with customization and evolving customer needs‚ it is
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individual and the social context “Sociology is the scientific study of human society and social interactions.” Antropology: * can be described as the study of all aspects of humanity. * focuses on culture * Having sub-fields such as cultural anthropology (also called "social anthropology")‚ archaeology‚ linguistic anthropology‚ and physical (or biological) anthropology. Social Imagination-the ability to understand not only what is happening in one’s own immediate experience but also
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it is the one of the largest sectors in the Indian economy. The industry’s future prospects look bright‚ considering rising household incomes and the spread of modern retail. However‚ the per capita income level in India is still very low compared to the developed world. Besides‚ the penetration level of many products is also relatively low and several categories remain fairly unbranded. All these factors provide a huge untapped potential for the industry. In contrast to other manufacturing sectors
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Overview of the Indian Garment Industry By: M. K. Panthaki (Clothing Manufacturers’ Association of India) Overview of the Indian Garment Industry By: M. K. Panthaki The Garment Industry of India is an Rs -one trillion industry. Almost 33 % of its knitwear production and about 20% of its woven-garment production‚ both by volume‚ enters export markets. Overall about 25 % of the volume of its garment production goes into export markets‚ leaving 75 % for domestic consumption. The Industry covers over
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The hostile customer and the passive agent: Cultural Interfaces in the Indian Outsourcing Industry Abstract Relying on qualitative interviews and thematic analysis‚ this paper explores how transnational call centers in India evolve practices in an attempt to counter the occasional hostility by customers based in the United States. These range from techniques which prevent customers from recognizing that their call is being routed to India through the use of neutralized accents‚ ‘locational
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential
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ABOUT THE INDIAN BISCUIT INDUSTRY Biscuits are a household name these days. The markets are flooded with biscuits of everytaste and for every age group. Sometimes it would be just difficult for us to decide on what togo for. These are good combinations with a hot cup of Tea or a coffee. They make a quick and a tasty snack any time and in any situation.In India per capita consumption of biscuits is estimated at a low 1.5 kg‚ reflecting the huge potential for growth of the industry. Over 900 million
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theme of the summit “Retailing in Emerging Markets”‚ the speech was focused on the evolution that the Indian retail market witnessed in the last 10 years. business expansion. Some retailers have used the slowdown of 2010-2013 to rectify the mistakes. More importantly‚ there are now thousands of companies and sub-segments of industry who have joined the retail “Entrepreneurs in retail should build businesses because they see value‚ not valuation” – B S Nagesh‚ Chairman RAI‚ Founder
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