A. EXECUTIVE SUMMARY Purpose Statement: The objective of this case is to discover solutions on how to bring Kmart back on track again and how to solve its bankruptcy. Problem Statement: 1. Inadequate customer service 2. Poor competitive position 3. Too much turnover among top management 4. Inventory problems Alternative Courses of Action: 1. Reconstruction of strategy 2. Improve image and appearance 3. Improve customer service 4. Increase frequency of customer visits
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Socio-cultural can be defined as relating to the social and cultural practices‚ thoughts‚ beliefs and traditions within a particular society (Princeton University‚ 2003). Language is used worldwide‚ however every individual learns their own and different language and literacy’s in a variety of ways. Everyone creates their own Discourse. As a teacher we must learn these ways and relate them to our own knowledge about learning language and then create a new unknown discourse of language for the students
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Socio-Anthro We should know the importance of anthropology and Sociology in our lives because: 1. To know the past and the present society for us to grow. 2. It is important for us to study anthropology and sociology to be able to know if our society is meeting its standards for maintaining its sustainability. 3. We should be updated on what’s happening in our society nowadays so that we can change the negative into positive ones. 4. We should know the history of our society
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Strengths The company Sears belongs to the parent company‚ Sears Holdings Corporation who is also the parent company of Kmart Holding Corporation and Roebuck and Co. The company was founded in 1886‚ making it one of the oldest retail companies to exist. The locations Sears operates are in the United States as well as parts of Canada and Mexico. As stated in the 10-K form by sec.gov: “Full-line Stores—894 broad line stores‚ of which 842 are full-line stores located across all 50 states and Puerto
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Social and Cultural Environment of Malaysia The cultures around the world are very different and very much the alike at the same time. The way people live around the world depends on the norms internalized by their societies. The given circumstances that differ around the world limit individual’s chances for fortune and life chances. There are endless questions that can be asked to compare or contrast culture from culture and nation from nation‚ but the fact that there are so many similarities amidst
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Lenski’s levels of socio-cultural explain the changes in cultural ideas which are caused by new technology. There are four levels of development: hunting and gathering‚ horticulture and pastoralism‚ agriculture‚ and industry. The first level of development is hunting and gathering. Hunting and gathering is the use of simple tools to hunt animals and gather vegetation. Some benefits of this stage could be that they all did basically the same thing‚ therefore‚ more equality in their society. They
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Historical Background Kmart started off as a discount retailer successfully pioneering the same concept as that of F. W. Woolworth. As stores began to grow and diversify‚ Kmart stepped in and took the lead role in offering a one-stop shopping center that fulfilled everyone’s needs. As new niches began to emerge offering larger‚ more specialized stores‚ Kmart hit a major hurdle. The successful management strategies it had developed early on were now outdated and in major need of being renovated to
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enemy and their environment. Throughout history‚ we have studied‚ witnessed and experienced great examples of the use of cultural knowledge during combat operations. Lieutenant Colonel T.E. Lawrence (of Arabia) of the British Army documented his experiences while living among the Arabic people. He learned about their society and culture in order to improve his military expertise (McFate‚ 2004). With constantly changing interests‚ influences and enemy TTPs in today’s asymmetric environment‚ Soldiers on
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Kmart‚ once the leader in the discount store industry‚ has found itself surpassed by Wal-Mart and Target in recent years and is now facing the possibility of closing its doors. The differences among the companies’ successes can be seen in their business models and strategies. Wal-Mart focused on decreasing expenses and Target established its market placement as a high-quality low-cost discount store. In contrast‚ Kmart used a promotions-driven business model. Because of this‚ Kmart focused on
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Kmart – The Game of Bankruptcy Executive Summary Under the protection of Chapter 11‚ Kmart secured $2 Billion in debt financing and successfully emerged from bankruptcy after conducting financial restructurings and business reorganization. Hedge funds saw investment opportunities from the company’s new capital structure and growth potential‚ while debtors had the chance to receive recoveries according to their level of seniorities. A deeper examination of this case also revealed a significant amount
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