Business manager of a trendy hairstyle shop

Assignment Help Strategic Management
Reference no: EM13649995

You are the business manager of a trendy hairstyle shop in downtown Chicago. As the manager, you are in charge of payroll and paying the bills, hiring and firing, purchasing, training, and customer service. You provide a luxury service, and your average client has different demographics from the rest of the population in the city.

Due to recent competitive developments, you feel the need to learn more about your clients; you specifically want to know how they choose your services over that of the competition. You are aware of the steps in the consumer purchase behavior model and are determined to analyze them in detail.

On the basis of the given scenario, answer the following questions in a 2- to 3-page Microsoft Word document:

  • Using Maslow's Hierarchy of Needs model as a backdrop, determine the real motivations behind the use of your service.
  • What additional social and cultural factors will you consider to analyze your clients' behavior?
  • What service criteria do you think your clients use to select the type of service you offer?
  • What methods might be useful to encourage loyalty among existing customers?

On a separate page, cite any sources using the APA format.

 

 

Reference no: EM13649995

Questions Cloud

Obtain how far will the electron travel before it stops : An electron with speed v0 = 1.6 multiplied by 106m/s is traveling parallel to an electric field of magnitudeE = 7.7 multiplied by 103 N/C. How far will the electron travel before it stops
Landscape relevant to the characters : Establishes the value of nature metaphors in portraying one or more characters - relate to the characters and their issues?
Find the increase inentropy produced by the parachutist : A 79-kg parachutistdescends through a vertical height of 350 m with constant speed. Find the increase inentropy produced by the parachutist
Find the focal length of the first converging lens : Two lenses were 10 cm apart. An object was 30 cm from the first converging lens. The second diverging lens has a focal length of 8 cm. Find the focal length of the first converging lens
Business manager of a trendy hairstyle shop : You are the business manager of a trendy hairstyle shop in downtown Chicago
What must be the radius of the curvature of the flight path : An airplane in a wide sweeping "outside" loop can create zeto gees inside the aircraft cabin. What must be the radius of the curvature of the flight path
Analyze the key elements of buying commercial : Analyze the key elements of buying commercial airline services.
Compare and contrast the image of achilles : Compare and contrast the image of Achilles (from the Iliad) to our modern idea of a war hero. How do modern soldiers differ from Achilles?
Captain wentworth from persuasion : Captain Wentworth from Persuasion, Edmund from Mansfield Park and Angel and Alec from Tess.

Reviews

Write a Review

Strategic Management Questions & Answers

  Developing an exit strategy and explain the order

Prioritize the various exit strategies and explain the order you established.

  How to reduce mitigation

How do you believe that information sharing could lead to a reduction of lead times, and how would it be used to reduce its mitigation?

  Identify the range of stakeholders

Identify the range of stakeholders who will have an interest in thesocial marketing problem that you have highlighted. You might ?nd it useful to use Mendelow's matrix to analyse and categorise the information.

  The major sources of interpersonal conflict

What are some of the major sources of interpersonal conflict?

  Increasing company''s market share

Increasing your company's market share is a great way to increase your sales, improve customer and brand loyalty, and reduce your competition.

  Calculate the standard error

Calculate the standard error and estimate it's meaning.

  Implementation of the final strategic plan

What are the relevant legislation and codes and by-laws that need to be considered in the development and implementation of the final strategic plan?

  Design a creativity training program

Design a creativity training program. Describe the elements you would include in the program and explain the rationale of each one.

  New product development process

What project portfolio management elements are currently in place in Scott Paper's new product development process and how does Scott Paper's new product development approach reflect its overall business strategy?

  Declining profits at greer construction company

The following areas are to be taken into consideration for the declining profits at Greer Construction Company.

  What components did you choose to emphasize in the statement

What components did you choose to emphasize in the statement? Why? What component do you think really embodies the distinctiveness of the organization?

  Strategic analysis and strategic options

Strategic Analysis and Strategic Options

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd