When faced with a difficult situation or decision, it is often easier to break the situation down into parts and attack each part individually in order to develop the best solution. One such method in business research is the management-research question hierarchy. This hierarchy allows a researcher to move “through various levels of questions, each with a specific function within the overall business research process” (Cooper & Schindler, 2014, p. 108). As Christian business leaders and researchers, it is essential for us to maintain integrity in the work that we perform. As Proverbs 10:9 (English Standard Version) states, “whoever walks in integrity walks securely, but he who makes his ways crooked will be found out.” Utilizing …show more content…
Previous attempts at gaining new advertising from shoe manufacturers have been met with the belief that men’s clothing stores are not a large enough portion of their business for the manufacturers to benefit from paying for advertising in magazines targeted at those stores. As the primary objective of advertising is convincing consumers to purchase specific brands or products, a producer is not likely to spend money on advertising to a market they believe they cannot profit from (Huang, Leng, & Liang, 2012).
Management Question In order to manage the concerns of their potential advertisers, the magazine’s management team must find ways to convince shoe manufacturers that they can benefit from advertising in the magazine. The research must aim to determine whether or not men’s clothing stores are a viable market for the shoe manufacturers. Secondarily, the research may assist shoe manufacturers in adapting to meet the demands of the men’s clothing store market.
Research
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Management Question: How can management lower printing costs to increase advertising and profit?
Research Question(s): What steps should management take in reducing printing costs? Should they outsource some advertising and complete some in-house? What other incentives of the newspaper can increase advertisement and profit?
In regards to advertising in order for companies and businesses to prosper, they need advertisement to reach a large number of people. The retail advertising manager at this newspaper could also look into online marketing and advertising, which would be cheaper and possibly reach more people. “Advertising in the online social networking environment should be an attractive proposition for marketers” (Voloaca, Bratu, Georgescu, Ghencea, & Voicu, 2011).
The Chief of Police in a Major City
Management Dilemma: The Chief of Police has been concerned with the growing crime rate in the
Obviously, there is a big number of driving forces in the athletic footwear industry. Each of these driving forces has different impacts—some of them can have a more considerable effect than others on figuring out how much cross-company differences influence market shares and a number of units sold. The first line of most influential factors includes comparative prices, S/Q ratings, and a number of models offered among the footwear competitors. These three most important competitive forces affect customer decisions of which athletic footwear brand to choose. Furthermore, the decisions of customers whether to purchase one brand or another are also influenced by such forces as advertising, celebrity endorsements, the number of independent retail
Customers make purchasing decisions based on the information they have among products and the values of goods a company offers. For that reason, companies have to promote their products to increase products awareness. In order to achieve organizational goals, companies must understand the market’s needs to ensure the success of their businesses. Such information can be gained through research. The industry that will form the basis of this paper is Western Canadian Shoe Association. The three brands under study are Reebok, Adidas, and Nike.
Tampa Bay magazine is a favorite with residents, old and new, of this Florida city. A discount magazine subscription to Tampa Bay Magazine will keep you updated on events and new in and around your favorite city. The magazine's lively style is in keeping with the city's energy and culture.
The women's apparel market is highly competitive. With the launch of a new active-wear line from Harrington Collection's, more and more competitors will start to realise the potential value in in producing an active-wear line of their own. The active-wear market is growing so rapidly (expected to double turnover from 2007 to 2009), that eventually all of Harrington's competitors would likely be expected to launch a line of their own, relying on existing brand loyalty and high-scale advertising campaigns to capture market share and move units.
REFERENCESBBC WEB SITEwww.bbc.co.ukCLARKS WEB SITEwww.clarks.co.ukKEY NOTEMARKET REVIEW 2006 CLOTHING AND FOOTWEAR INDUSTRYMINTEL MARKET REPORThttp://academic.mintel.com/sinatra/oxygen_academic/search_results/show&/display/id=220168THE TIMESONLINEhttp://business.timesonline.co.uk/tol/business/economics/article732688.eceVERDICT MARKETING WEB SITEwww.verdict.co.uk/marketing
Analyzing a problem and implementing a solution are both part of the decision-making process. Starling (2011) states, “Simon maintains that the ‘task of deciding pervades the entire administrative organization quite as much as does the task of doing’ – indeed, it is integrally tied up with latter’” (p. 252). Obviously, the City of Chicago and the Chicago Police Department’s administration did not adequately address the steps necessary in effective decision making regarding this situation. When analyzing and identifying the problem, symptoms and root causes need to be identified. Citizens might wonder if the administration did not recognize that violent crime was rising because more patrol officers were moving to desk jobs. Several questions that remain unanswered include: Why are officers moving to desk jobs? Are desk jobs more desirable than street patrol? Are they a reward from middle management to favored employees? Are promotions as easy, or easier, from a desk position? Certainly, to get to the root of the problem, the underlying reasons for these actions must be determined.
Sportsman Shoes has been a leader in the shoe industry for more than thirty years. Sportsman manufactures and sells athletic shoes for all types of sports. The company has pursued a low-cost strategy in order to sustain their success. They sell a limited number of shoe designs and have held costs low through manufacturing efficiency and standardized operations. However, the past five years have been a struggle at Sportsman. The shoe market has seen a rise in the availability of low-cost imported shoes that has threatened Sportsman’s competitive position. As a result, company executives have decided it is time for a strategy shift.
In this industry, the Power of Buyers is low to moderate. It is considered low because athletic shoe producers have two sets of customers, direct consumers and intermediate consumers creating very low buyer concentration. Their intermediate consumers include a variety of stores from discounts stores, sporting goods stores and department stores. Due to the large size of the athletic shoe producers, the majority of intermediate consumers have very little negotiating ability and thus low power, allowing the athletic footwear firms the ability to earn an increase in profits by selling to intermediate consumers at full price. Some intermediate consumers such as large department stores and large sporting goods stores would have the size to be able to leverage some power over the athletic shoe producers giving them moderate power. The industry’s members reach direct consumers through vertically integrated self-operated brick and mortar retail stores as well as through online firms. Direct buyers have moderate power over the athletic shoe producers since there are no switching costs to go between brands. However, athletic footwear is strategically important to people if they are either athletes or people wanting to participate in high performance fitness activities, therefore giving them low power since they depend on the product to fill a
Unfortunately, the financial trend that has been seen in policing will likely continue for the foreseeable future, which will not only limit the ability to confront these new critical issues, but will likely exacerbate them as well (Police Executive, 2013). It is also foreseeable that new state efforts to combat their overall economic struggles will serve as a critical issue with adverse policing affects as well. More and more states continue to modify their early release policies, putting criminals back onto the streets sooner and in greater numbers than ever before, which has caused police officials to almost unanimously report that they expect to see increases in their crime rates as a result (Police Executive, 2013).
Routine Problem Solving Nike's prominent and continuous advertising campaigns ensure that consumers in the youth market are aware of the brand, as greater awareness inevitably leads to greater sales. Once these sales are secures by consumers in the youth market their interest is maintained by further advertising, which leads to repeat purchase. 4.5 Variety
The impacts from the changing nature of crimes have put a string on Criminal Justice System causing new forms of policing to develop such as community policing, problem-oriented policing, and Compstat (Vito, Maahs, Lolmes, 2007, p. 450). The majority of the frustration is coming from the inability to know what causes crime, how to solve the crime problem in our society, and the available resources to help fight the war on crime (Vito, Maahs, Lolmes, 2007, p. 450). Police departments are expected to do more with less, such as budget cuts requiring police managers and command staff to consider reductions in the retention of sworn personnel in which personnel costs represent the single largest budget line item in most public safety organizations
While researching the steps in the management-research question hierarchy, it is noticed that there are a variety of steps that need to be addressed. The management dilemma needs to be discussed, for this is the key hypothesis in the research process and it is important to define the management dilemma clearly. According to Cooper & Schindler (2014), “the research process begins at the most general level with management dilemma.” Usually this is a “symptom of an actual problem” (p. 77). In addition, the management-research question hierarchy that was presented by Cooper and Schindler helped to translate and break down a “basic management dilemma into specific measurement questions. The “hierarchy levels of management dilemma” are management questions, investigative questions, research questions and measurement
The essay is based on case that is titled “marketing sports equipment”. Outlined within the essay are three target markets, the consumer sales promotion that should be offered for each, most effective and non-effective media platforms for the target market, and the recommended partners.
Businesses can be recompensed for their advertisements to perform on the sheets of a variability of websites, most normally in the method of banner promotion. The admiration of a website typically commands the price of enlisting an advertisement. Some businesses involve themselves in mutual marketing, which can benefit amended expenses. Many promoters also aimfor consumersby using mailing lists and by inflowingdeliberations in online mediums and chat areas, though this is sometimes disheartened by the group’s mediators.
The prime managerial value of management research is that it reduces uncertainty by providing information that improves the decision-making process. The decision –making process associated with the development and implementation of a strategy involves four interrelated stages.