Offer discounts on goods with high profit margins. It would be difficult to compete with them and hence could lead to lesser profits. Meet the senior executives and the buyers and explain them the new employee discount scheme and the need to implement it. Offer slashed prices on all goods.
In the current scheme, employees with a higher rank get a higher discount. Senior executives and the buyers will resist this change. But at the same time he is worried that with an old-fashioned image, he will not be able to attract young customers and eventually would lead to over reliance on the middle aged and elderly clientele.
McGregor believes that by attracting young customers and selling special goods like glassware and foreign china, it is possible to further speedup turnover, achieve greater efficiency and greater profits.
Prevent the risk of takeover. Inform all departments about the new scheme and put it into immediate effect. This will reduce the billing time and effort.
Department Store Essay Sample 1. Do away with services for which the cost of service outweighs the value of the product. Evaluation of Options Option A: He believes that by modifying some of the hierarchical personnel practices he will be able to attract younger salespeople by offering extra incentives to them.
Store a wide variety of goods for the young customers. Currently it offers free delivery to account customers within thirty miles of Boston.
Problem Statement Increase profitability and change the old fashioned image of the store.
In the new scheme, discount is based on the type of good and not on the rank of the employee. D Offer slashed prices on all goods. The advantages of this scheme are: Advertise about the new discount scheme for the salespeople and recruit them. But there are already stores like Wal Mart which can afford to offer lower prices because of their Economies of Scale.
With young and attractive salespeople, the younger generation can better relate to them and will be attracted to the store. Decision Making The store needs to change its old fashioned image and attract young customers.
This could lead to higher sales and higher turnover for the store. Offer discounts on the high profit margin goods like clothes. Change the store reputation of being old fashioned and attract young customers. Retain the existing clientele.
Advertise these offers and discounts.McGregor's Limited: Department Store. Essay by smalldaddy, University, Master's, A, January download word file, 5 pages download word file, 5 pages 5 votes 1 reviews3/5(1). MG Managerial Communication.
Lesson #4 Assignment #3. Study the case, “McGregor’s Ltd. Department Store” on pages of the text Management Communication: Principles. Department stores Zeïneb CHAOUCH A department store is a retail establishment preferring wide range of commodities, usually including ready-to-wear apparel, fashion goods, beauty necessities, yard and household goods and further on.
Read this essay on Mcgregor's Ltd. Department Store. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more. Only at mint-body.com". Read this essay on Mcgregor's Department Store Case Analysis. Come browse our large digital warehouse of free sample essays.
Get the knowledge you need in order to pass your classes and more. Only at mint-body.com". McGregor's Ltd. is a successfully established department store reputed for a great emphasis on personnel service. Some important aspects of the company's functioning are: * The company is reputed to be old fashioned and traditional and is highly valued by its customers for its personal services and it's atmosphere of gracious living.3/5(4).Download