Explain factors affecting the viability of possible solution

Assignment Help Management Theories
Reference no: EM133189120

Case study: Originate and develop concepts

You are newly hired at Target Australia in the marketing department as a marketing specialist. The business is facing a few issues and your task is to select one issue, investigate the reasons and come up with an appropriate solution. It is important to note that the department store, Target Australia is a totally different company from Target USA. Target Australia's business model is very different. Target Australia has gone through various changes, such as:

a)modernising their stores and digital footprints

b)implifying products

c)reducing stock lines

d)implementing more home brands.

They have also closed poor-performing stores or converted them into Kmart stores. From an innovative approach, they have converted some regional Target stores into Kmart Hub stores known as K-Hub, where consumers can still purchase Target products online and collect them in a Kmart store environment.

The issues:

1. Your manager explained that the retail sales have been declining lately.

2. The latest campaign hasn't been as successful as expected and the social media feedback is poor.

 

Question 1:

a. Based on the scenario above, select one issue and identify at least three relevant personnel you would consult with to further explore the issue.

The issue selected

Relevant personnel

 

1.

 

2.

 

3.

b. You are required to consult with stakeholders to identify workplace issues to be addressed within the scope of job role and organisational policy.In the space below develop an email to the relevant stakeholders to consult and seek clarification regarding the issue.

Date:

Subject:

Dear

Question 2: Using the "5 whys" technique further explains the issue and identifies the cause of that issue.

Question 3: Consider and suggest at least 3 possible solutions to business issues.

Question 4: Complete the below table to demonstrate your understanding of your job restrictions and the policies and procedures.You need to read the hypothetical scenarios and answer with yes/no if you are allowed to make the change/decision and explain why, based on the job role restrictions and/or the organisation policies.

Hypothetical scenario

Are you allowed? Yes/no

Why?

You want to change the logo

   

You want to change the product ingredients/ components

   

You want to launch a new campaign

 

Question 5: Using the internet, Target social media and other resources explain how you will research information on possible solutions to the identified issue and provide the outcome of your research.

The issue

Research method/site/URL

Information gathered

     

Question 6: Identify and explain at least three factors affecting the viability of possible solution

Reference no: EM133189120

Questions Cloud

What is the amount of compensation expense for the year : December 31, 2021, the total estimated number of employees who will leave the company is 25. What is the amount of compensation expense for the year
Describe the leases coles : Describe the leases Coles (as the lessee) currently has and how they are recognised, classified and presented in their 2021 annual report
Describe inflation and Elaborate on the basics of annuities : Describe inflation, What is the difference between present value and future value - Why would it be a good idea to hire a Certified Financial Planner
What is the payback period for Project B : Question - A company is considering two projects - What is the payback period for Project B
Explain factors affecting the viability of possible solution : Identify and explain at least three factors affecting the viability of possible solution, Consider and suggest at least 3 possible solutions to business issues
What would you do as a controller in this situation : Provide a response addressing the following questions: What would you do as a controller in this situation? What are the ethical issues in this situation
What is the herfindahl-hirschman index of the industry : The market shares of the firms are 50 percent, 20 percent, 10 percent, and 7 percent. What is the Herfindahl-Hirschman Index of the industry
By how much will shareholders equity increase : A corporation earns $25 million in net income, pays $1 million in preferred stock dividend. By how much will shareholders equity increase on the balance sheet
Discuss rationale of generalizing the traditional accounting : Use this case as an example to discuss rationale of generalizing the traditional accounting concepts from a business setting to the public sector setting

Reviews

Write a Review

Management Theories Questions & Answers

  Explains personal effectiveness skills

BUSN 1330 - complete a 350-word essay that describes five Personal Effectiveness skills that you will integrate into your life.

  Assess the impact of globalization on marketing activities

Assess the impact of globalization on marketing activities. Analyze the elements that can influence international promotional strategies and the choice of portfolio offerings

  Margaret own a antique store

Margaret own a antique store that Margaret owned an antique store that specialised in rare porcelain dolls.

  Manage personal work priorities and professional development

BSBWOR501 Manage personal work priorities and professional development - Describe a situation where you may have several competing demands for your time in your work role.

  Create a total compensation and benefits strategy

Consider the use of performance incentives and merit pay to recognize and engage employees.

  Exactly what should the firm do

Exactly what should the firm do?

  Company manufactures equipment for the dairy industry

Matalvi Engineering Ltd has its headquarters in Hamilton, New Zealand, with manufacturing plants in South Auckland and Christchurch. The company manufactures equipment for the dairy industry.

  Describe the strategy spaces of the players

After these decisions, the game ends and each player receives the payoff where x1 is the positive number chosen by player 1 and x2 is the positive number chosen by player 2.

  Evaluate one-page fundraising letter developed by nonprofit

Select a one - page fundraising letter developed by your nonprofit. Evaluate it against the criteria suggested by George Smith. How might it be improved?

  Prepare a literature review about the chosen one role

prepare a literature review about the chosen one role that defines the key terms and outlines key theories or models and application

  What pressures did you experience in that role

Which of the types of power (described in this chapter) that stakeholders can use have you effectively used in a conflict or disagreement over a complex issue?

  Describe project management knowledge areas and process

Objectives Covered - understand the project life cycle: initiation, planning, executing, controlling and closing and describe project management knowledge areas and process groups

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