Strategic Management in Jessop

The UK had recently emerged from the recession 2007-2009, the economy is now recovering. During the recession, many businesses had struggled to survive. The strategies that businesses had taken during recession may affect their long-term profits. For example, as people spend less during the recession, businesses try to reduce their costs and reduce prices in order to encourage customers to buy their product e.g. Primark, M&S etc and many businesses have also closed down branches in order to maintain their

* Reduced funding from sponsors, organisations and trustees which is a result from the dip in the economy and organisations are faced with the reality to reduce costs

Government spending has really impacted marks and spencer for a few reason, firstly because the government is cutting jobs to public sector workers,

The competition of retail market is really intense, even the small retail stores can pose a threat to a product line if they offer the good products with cheaper prices.

Supply and Demand change frequently and Tesco 's is currently in a state of disequilibrium. There is an issue that relates to demand due to the desirability of a product, and is unlikely that income will increase enough to cause a change in the demand, therefore Tesco have to create product that are desirable.

Recession causes unemployment, this will affect the demand for goods and Tesco profit will drop.

This report demonstrates the evaluation of current performance of JD Sports Company. Method of Analysis includes Ansoff’s matrix and Porter’s generic growth strategies to discuss the nature of the market which JD Sports invest in. The financial methods are including the flexibility and stability of JD sports which judged by the liquidity, current ratio, operation capital, gearing and profit margin of this company. These figures could be collected from the annual report or balance sheet. This report analyzed the JD sport’s position in the market, and used generic and external growth method to expand market size. Such as acquired a lot stores to improve business profitability. Obviously, JD has expanded to the European

The other aspect is the industry aspect that digital camera is a rapidly changing industry that

 Increased Competition: There is a fierce competition between the ‘big four’ supermarkets in the UK grocery market. Though Asda is officially the second largest in the industry, a recent media report suggests that Sainsbury’s may have overtaken Asda after a good Christmas sales in December 2010. [9] This shows the intense competition in the industry.  Economic slowdown: The economic slowdown has caused a sharp decline in customer’s income and the rise in unemployment. This has negative affected the discretionary buying pattern of consumers, in particular the non-food items.  External changes (government, politics, taxes, etc): Changes by External forces like the increase in consumer taxes from 17.5% to 20.0% in 01/2011 coupled with the financial downturn will affect the non-food sectors of Asda, such as clothing.  UK structural change: The price followers in the UK market are becoming aggressive investors in price. New ownership of Safeway coupled with Sainsbury’s new management. Safeway’s prices are being slashed up to 6% by Morrisons whiles Sainsbury’s is bound to see lower prices as one of the basic changes necessary to drive its recovery. With both Tesco and Asda committed to price leadership, the long run could result in a step down in the industry’s profitability.

Businesses need to forecast and predict variations in the business cycle, such as recession and inflation. To do this, economists employ economic indicators. These indicators are trends, which are based upon statistics collected regularly on different aspects of the economy, for example, employment, income, and prices. In this report, I will aim to critically evaluate the recent performance of the UK economy, post-recession, and how this has affected employment and productivity. I will be paying close attention to the main economic indicators and analysing these in terms of their strengths and weaknesses and how they contribute to business decisions.

is due to the fact that some of their current customers only buy from special sellers.

Globalization changes have impacted Burger King in the following ways; since the company began in 1953 with its first restaurant in Jacksonville, Florida and opened several locations across the United States, the company began its international expansion in 1969 with its first international franchise location in Canada, followed by Australia in 1971, and Europe in 1975. The setting up of franchises outside the United States was as a result of fast food opportunities arising outside the United States. So as to fully integrate in the international market, Burger King had to adopt and embrace

The plant’s shutdown is characterized by “the soaring price of the pound against other currencies, which made its exports expensive” as well as low business confidence, generated from UK’s failure to compete with China’s “low-cost imports”. Thus, UK’s high exchange rate and low business confidence will result in a decrease in exports and investment, leading to falling aggregate demand - UK’s total demand for its output at a range of price levels in a specific period of time from all consumers, domestic or foreign. From the diagram above, we see a leftward shift in aggregate demand from AD to AD1, leading to a fall in the overall price level from P0 to P1 and a fall in national output from Y0 to Y1. To produce at this lower level of output, fewer factors of production including labour are needed, leading to an increase in the level of unemployment in UK. This article’s situation is one proof of the many job slashes that are to come.

Hence, the first task was to find out the current situation of film industry and fashion photography in Bangladesh. Though photography in Bangladesh has developed a lot in past few years but it is still under develop in the sector of fashion photography. The fashion photography sector in our country is mainly based on different fashion magazines, boutique houses, advertisement agencies.

Future- oriented: Strategic management encompasses forecasts, what is anticipated by the managers. In such decisions, emphasis is placed on the development of projections that will enable the firm to select the most promising strategic options. In the turbulent environment, a firm will succeed only if it takes a proactive stance towards change.