Sample Essay On Managing A Retail Business
There are various objectives that a large consumer electronics should store chain should set when setting up its structure. First, to gain a broad customer base and satisfaction. Every large electronics store starts with a plan to achieve a large customer following and thus a reputable satisfaction. Second, to be the leader in new and trendy products. Every store starts with an objection to be the first one in dealing with new and fashionable electronics. Third, it starts objecting to making more profits than the competitors. Every store begins with an objective of making profits. Fourth, every electronics store begins with a goal to have a good reputation than their competitors. They aim to be the best among their competitors. Fifth, they begin with an objective of minimizing costs while maximizing sales. The stores aim at incurring the least costs while making a lot of sales. The net difference will give the profit that can assist their work better.For a 19-year-old Navy employee, their supervision will solely be based on giving them direction, directing them on what to do, advising them accordingly, among others. It is based on checking at what they have done at complementing them. If they are wrong, they are told the right answer or the right procedure of doing things. Additionally, the 19-year-old will be given deadlines and evaluated against them. After this, they can be congratulated or commended for what they have done, a 19-year-old allowed on learn from mistakes and after that advised accordingly on the right way of doing things. It is because they lack experience and expertise. On motivation, they are promised a lot of benefits and incentives if they deliver well. The benefits may be a job promotion, among others. For a 55-year-old, they have experience and expertise in doing various things. They are allowed time to work on the tasks. If they don’t deliver on time, they are allowed an extension. After it has elapsed and again nothing happens, they are given advice accordingly on what they should. Their supervision should not be strict because they are grown-ups and know what they are supposed to do. For motivation, they are promised benefits and motivation such retirement benefits, paying school fees for their children to others.
A consumer electronics repair shop deals with repairing electronics. The repair service deals with almost all types of electronics that can be repaired. The operators usually are trained people in electrical and electronics. They evaluate the electronic and advise the customer accordingly. Usually, a shop like this has few skilled personnel that operate in it. It can start in a small office space, and the budget to run it is not significant, thus not expensive. Such shops or services are available in urban areas with where there are majority consumers of electronics. A retailer would be interested in job standardization because it helps them avoid the costs involved in hiring and maintaining a lot of employees. It also assists them in maximizing the use of the available employees while maximizing the output of the firm. Cross-training for the employees helps them gain skills and the current trends in business. They learn how products are moving in the market and hence staying abreast of the happenings. Additionally, it improves employee motivation and many others. It also leads to career development and thus growing a person’s career.