Zealock Bookstore Journal Entries NO DATE 1 2 3 4 5 6 7 8 8 8 9 01-7-08 01-7-08 01-7-08 01-7-08 01-7-08 01-7-08 During 08 During 08 During 08 During 08 During 08 Dr cash cash Prepaid rent Equipment(bookshelve) Equipment(Computer) Security desposit inventory account receivable cash cost Goods solds account payable cash employee compensation account payable cash interest expense rent expense depreiation depreiation income tax expense Dr-Amount Categ.1 25‚000 c.asset 30‚000 c.asset 20‚000 c.asset 4
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CAN THIS BOOKSTORE BE SAVED? Case Study By Vladimir Pimentel Barnes and Nobles is one of the biggest bookstores that has a brick-and-mortal store concept. In the past they were know as a “big bully” that drove small book stores to close down because of their aggressive tactics to have competetetive advantage over them. Nonetheless‚ with the evolving circle of technology they have had a hard time in keeping up with the E-book era. In 2014 E-books increased its reader subscription by 28%
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Amazon.com—Not Your Average Bookstore Jeffrey Bezos‚ CEO and founder of Amazon.com‚ is running what some people refer to as the “world’s biggest bookstore.” The story of Bezos’s virtual bookstore teaches many lessons about online business. Out of nowhere‚ this digital bookstore turned an industry upside down. What happened here was more than just creating a Web site. Bezos conceived and implemented an intelligent‚ global digital business. Its business is its technology; its technology is its business
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going on out there now and in the future? Environmental influences in the broadest sense Macro/general environment: PESTEL Environmental influences related to the dynamics of the industry under question Competitive environment: Porter’s Five Forces (Porter‚ 1980) Example PESTEL The automobile industry Political – Climate change agenda – Fuel prices – Expansion of EU Economic – – – – Changes in disposable income Exchange rates Taxation Economic growth around the world
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Summary III. Industry Analysis A. Environmental Analysis The competition between businesses within the textile and clothing industry has always been steep. The change in lifestyle combined with the fast changing trends has left entrepreneurs with the challenge of keeping pace with the demand of the consumers. With KRaze-Zip’s fresh‚ unique‚ and high in quality yet economical products‚ it is in the best position to answer such growing needs. The Clothing Accessories Industry Today Since
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Industry Analysis The course is based on the ability of students to define their business‚ conduct an effective industry analysis‚ and identify the "key success factory" for firms competing in the industry. Such industry analysis is based on: A. DEFINE THE BUSINESS. The boundary for industry analysis is the markets and products that describe the domain of the industry. Once you understand the business segment that is to be analyzed‚ identify the capabilities required to participate in that industry
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STRATEGIC MANAGEMENT INDUSTRY ANALYSIS NOTES STRATEGIC ANALYSIS: INDUSTRY ANALYSIS “When an industry with a reputation for difficult economics meets a manager with a reputation for excellence‚ it is usually the industry that keeps its reputation intact.” Warren Buffet DEEPAK DATTA UTA MBA 2011 DKD Strategy Analysis Mission Goals and Objectives External Environment Internal Environment The Strategic Management Process Strategy Formulation Business-Level Corporate-Level Strategy
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1. Industry Analysis (80%) The five force analysis is one of the most recognized frameworks for the business strategy. Porter‚ the guru of modern day business strategy‚ used theoretical frameworks derived from Industrial Organization economics to derive five forces which determine the competitive intensity and therefore attractiveness of a market. As Porter’s 5 Forces analysis deals with factors outside an industry that influence the nature of competition within it‚ the forces inside the industry
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5.7.1 Product The major product of D’OSHWIRA Bookstore are reference books‚ fiction‚ non-fiction‚ children’s books‚ science fiction‚ and so on. The D’OSHWIRA Bookstore will offer the latest edition and the best sellers in the market. Therefore‚ the product that D’OSHWIRA Bookstore can satisfy the needs of the target customer. 5.7.2 Price D’OSHWIRA Bookstore price strategy is offer the price of product at affordable prices. The pricing of product will be fixed because the publishers has fixed affordable
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Industry Analysis Salons The beauty industry‚ which includes salons‚ barber shops‚ nail salons and spas is the second largest retail sector in the United States‚ second only to restaurants. Worldwide it is a 150 billion dollar a year industry‚ half of which is generated solely in the United States. In 2012‚ there were an estimated 300‚000 salons in the United States as well as 37‚000 barber shops‚ 51000 nail salons and 14‚500 spas. The industry employs on average about 1.5 million workers and
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