28 Dec I want to clarify the meaning of “Su
I want to clarify the meaning of “Sustainable Competitive Advantage” in retail operations. Sustainable competitive advantage and sustainability are two different areas of management. As you proceed to the course project be careful to properly identify sustainable competitive advantage. The definition in the glossary of your text for Sustainable Competitive Advantage reads: “A distinct competency of a retailer relative to its competitors that can be maintained over a considerable period of time.” Further, the text glossary defines Corporate Social Responsibility, CSR as: “Voluntary actions were taken by a company to address the ethical, social and environmental impacts of its business operations and its concerns of its stakeholders.” APA Citation, also in text citation Company – ?Nordstrom Rack For this assignment, select an Off Price Retail or Retail Subscription business. Next select one company in that area. Use that company to analyze the retail management by addressing the areas listed below. Section 1: Background and Profile
? Briefly describe their business model. ? What is their current position of your selected company in that market? ? Briefly describe the company background/history? ? How large is the business– Sales, Gross Margin, Customers?
Section 2: Strategic Elements and/or Strategic Learning Outcomes
? How do any of the retail strategic elements apply to the company of your choice? ? Retail Format ? Target market ? Retail Strategy ? Retail Mix
Section 3: Sustainable Competitive Advantage
? What is the Sustainable Competitive Advantage for the company? ? Multi-channel or Omni-channel strategies
Section 4: Competition and Impact
? Who is their direct and indirect competition? ? What do you see is the potential impact they would have on traditional retail
competitors?
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