Sunday, June 16, 2019
Report of business analysis Essay Example | Topics and Well Written Essays - 5000 words
Report of business analysis - Essay Example jibe to Kanter (1995) such an action pass on not constitute an adequate response. This is so because success is based on an organizations ability to create, rather than predict the future by create those products that will literally transform the way the world thinks and view it self and the needs (Kanter 199571).Within the context of todays global competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 20072). These researchers went further to argue that, this strategy has become quite common in more businesses including the sell chain stores. The conventional vertical integrated company based business model is gradually being replaced by collaborative relationship between many fragmented, but complementary and specialized value stars and constellation (Wu & Chien 1).In todays global business environment it is no longer sufficient only to me et customers demand as time quality and cost have become increasingly important in the phase of increasing competition (Petts 1997551).According to Higgins (19982), customers dont always know what they need or even that there is a problem to be solved. Success awaits those companies that recognize the fact that, to be successful and satisfy customers, it is often necessary to lead customers into recognizing these needs (Higgins 19982-3).Against this background, this paper focuses on the United Kingdom (UK) retail industry using certain analytic models such as the five forces, the PESTLE framework and the SWOT analysis. Focusing on this sector has a number of important advantages. Firstly, government regulations and control in this sector are quite strict. In addition, the retail sector represents one of the principal sectors of the UK economy, having one of the biggest employer and biggest multinational in the
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