business and pleasure customers - Locality‚ central location (business districts) - Highly trained - Consistent level of standards - Contract arrangements as well as good incentives resulted in low staff turnover - Correct (moderate) pricing - Target audience (middle income) - Optimised space utilisation - Successful advertising strategy Compare operating ratios with a typical restaurant (refer to exhibit 1) Item Benihana (%) Typical service restaurant (%) Comment Food cost 30 38
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Quoc Vo GM 105 Short Assignment #1 09/09/2014 Wal-Mart Case The retail industry is dominated by few retail giants‚ with Wal-Mart competing in several retail categories. Wal-Mart competes against Kmart and Target in general merchandise retailing; against Costco in the warehouse club segment; and other Safeway in the supermarket retailing. Competition among retailers centers on pricing‚ store location‚ variations in store format and merchandise mix‚ store size‚ shopping atmosphere‚ and image
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Q2. Give arguments to support the statement that Wal-Mart has achieved very good strategic fit between its competitive and supply chain strategies. Wal-Mart Stores‚ Inc. is an American public corporation that runs a chain of large‚ discount department stores. It is the world’s largest public corporation by revenue and is founded by Sam Walton in 1962. It is the largest private employer in the world and the fourth largest utility or commercial employer. Wal-Mart works on the principle of maximization
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Wal-Mart Effect Josh Hanshaw 20th Century Innovation Dr. Bowles March 10th‚ 2012 Q1) How did Wal-Mart grow its Pharmacy business? Who did they learn from? Give specifics. In 1981 Clarence Archer was hired by Wal-Mart. He was a 48 year old previous pharmacist and current pharmacy manager at Kroger’s. His job was to take one of Walton’s secondary projects‚ Dot Discount Drugs‚ and make it a permanent fixture of Wal-Mart. When Archer joined up Wal-Mart had 300 stores‚ 16 pharmacies and space
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Strengths State-of-the-art information system gives edge to the Wal-mart to control and monitor supplier relations and inventories more competently than its competitors; it ultimately gives Wal-mart a price advantage. According to the Global 500 and Fortune’s 500 lists‚ Wal-Mart Stores sustain its top position for two consecutive years. And it makes Wal-mart one of the largest company in the world. Wal-mart is the world’s largest retailer
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Wal-Mart. The underlying problem or fundamental issue is the cost-based competition that Wal-Mart intensified through its obsession for cost minimization. In a way‚ Wal-Mart commenced and intensified price wars. Wal-Mart achieved sales less than its target so that it cut back prices during the holiday season and other occasions on various items including back to school products. By decreasing its price‚ Wal-Mart intended to draw more customers to make more purchases and enable the company to achieve
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A part (d) model answer Case study- a multinational company Name a multinational company and one country where it operates Nike‚ Vietnam‚ Southern Asia Explain how the MNC affects local people and the economy of that country. Use at least three developed ideas. Nike is the World’s leading supplier of sportswear. It has many factories in Asia‚ including 24 in Vietnam. It has a major impact on both the Vietnamese people and its economy. Thousands of jobs are created for local people which means
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management‚ membership only for SAM’S Club. c) opportunities- consumers want ease of shopping / internet shopping is growing / elderly population growing / environment conscious consumers d) threats- being number one means that you are the target of competition / being global retailer means that you are exposed to political problems in the countries that you operate in / regulation of Wal-Mart pharmacies a) Threat of new entrants- entry barriers are relatively high due to Wal-Mart
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can be seen as an efficient company in means of its supply chain management. As a start‚ Wal-Mart’s core strategy is based on its leadership in the cost domain where it tries to decrease its costs as much as possible compared to its competitors. It targets a wide range of customers by providing high volume-low cost products. Through the ability to power its cost drivers‚ Wal-Mart leads its competitors in means of cost and persistently tries as much as possible to saturate these costs in the supply chain
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Mission Statement: Level 1 Founded in 1962‚ Wal-Mart has continued to uphold its mission statement of “Save Money. Live Better.” Wal-Mart shows commitment and appreciation to its customers by valuing them through everyday low prices. Customers can trust Wal-Mart because of their low price guarantee. Building a relationship with customers is an essential part of Wal-Mart’s mission because it allows them to meet their customers’ expectations and provide superior customer service. In return of the
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