Case analysis Assignment Example | Topics and Well Written Essays - 1000 words

Case analysis - Assignment ExampleHence a cast out effect could be witnessed.Where there is a will, there is a way. Macys can definitely receive from this downward trend. It is the effective management practices that play a vital role. A firms performance solely depends on the strategies followed by the management. Nothing is permanent in the world except the word itself. Failures are the stepping stones for success. They are cyclic process. If a firm is not moving well today then it does not mean that work on the end the same trend will continue. Innovations and initiatives will make a difference. So, planned first redact and second order replaces should be made. Hence the downward spiral for the departmental stores will not continue.5. locomote TO INCREASE SALES AND CUSTOMER TRAFFICHigher the customer satisfaction, greater is the profit. Some of the steps holdPerform market research through the firms market intelligence team to know about the customers attitude, tastes and preferences. bring out the prospects and set the store there.Get frequent feedback from the customers.Develop a good rapport with the employees and hold the line them motivated and pleasant.Deliver good quality products, services and offers to customers. Today the people are quality witting and not cost conscious.Provide training to the employees.Develop a standard mission and vision for the organization. visualize the strategies perfectly and convey it clearly to the employees. play changes only if is really needed and seek the aid of the change agent.Make planned changes and not unplanned changes.Make both first and second order changes carefully. Make it only if there is a real need for it. demand strong marketing techniques. If the customers are satisfied then word of mouth would be effective.Maintain a good reserves and surplus level.Adopt either focus or differentiation strategy.Develop a strong competitive advantage.Referenceshttp//www.nytimes.com/2008/02/07/business/07mac ys.htmlscp=1&sq=macy%27s&st=nythttp//seattletimes.nwsource.com/html/businesstechnology/2004168802_macys07.html http//www.politicalgateway.com/news/read/129108 http//www.upi.com/NewsTrack/Business/2008/02/06/macys_may_consolidate_office_staff/5199/