The Neighborhood Bike Shop

The negative outcome with this strategy would be that it may not lock-in retailers. More research and negotiation with retailers will be needed. Another negative affect would be that this strategy would be costly. We would have to see if we are financially stable to invest.

Prepare a S.W.O.T. analysis for Bass Pro Shops. What types of strategies do you recommend based on your analysis?

Instructions: Complete a five year simulation, and answer the following questions on the actual approach you used for the simulation. You may type your answers directly on this form, but the completed document must be 2-3 pages in length (please do not change the margins). Due November 25, 11:59pm

Having to compete with a giant like Wal-Mart, they would have to re-invent. Since they obviously cannot compete based on price, they would be forced to offer value-added services to gain an edge. For example, these small merchants could make an effort to remember the names of their customers, adding a more personal touch to their service.

Rivalry among existing competitors describes the intensity of competition between “Broadway’s Café” and existing coffee shops in an industry. A highly competitive industry might result from many players of about the same size, on single dominant competitor, little differentiation between competitors’ products and services

The industry does not possess major threat from new entrants due to strong barriers to entry and strong competition for retail space. There is also a strong rivalry between competitors as limited space is being contested by major players alongside

There are only a few firms that make up this industry and they have control over the price. These companies have high barriers to entry the market. The products they produce are similar which cause competition. There is both good and bad when it comes to oligopoly and monopolies. Some good things about oligopoly are by developing product innovations and taking advantage of economies of scale. With oligopoly it is more likely to expand production capabilities, promote economic growth, and they develop change that advances the level of technology ("Oligopoly," 2000). Some bad things about oligopoly is that they tend to be inefficient in the allocation of resources and promotes the concentration of income and wealth ("Oligopoly," 2000). They charge much higher prices and end up producing less of an output than the efficiency benchmark of perfect competition. One of the good forms is natural monopoly. Natural monopoly exists when economies of scale encourage production by a single producer (Mayer). An example of this is your local electrical utility. As a power plant increases, the cost per kilowatt hour of electricity falls (Mayer). If we were to all use small generators to run our homes the cost of each household would be ridiculous. The total fixed cost of generators for the community would be high and the variable cost of running it would also be high. Another form of monopoly that is good is

The Cask of Amontillado is a very suspenseful story because the setting is scary and you do not know what the main character is going to do until the end. The main character named Montresor tells his friend Fortunato he has Amontillado. This is his enemy’s Fortunato’s favorite wine. Montresor keeps it in a catacomb under the ground. When Montresor and Fortunato enter the catacombs, Montresor says, “We came at length to the foot of the descent and stood together upon the damp ground of the catacombs,”(3). Being in an underground grave is scary because you do not know what is down there and I do wonder why the are going down there to look for wine, because most people do not keep their wine in the graves of their ancestors. Montresor takes Fortunato

In the article On the Folly of Rewarding A, While Hoping for B, the author Steven Kerr represents his theory about the Fouled Ups Systems. In another word, we rewarding the individuals while hoping for collaboration. The essential point of high-efficient employee execution is about doing the right thing in the appropriate time. To get the most from the employee, we do need to develop the right reward system. Furthermore, Kerr states the causes of the folly rewarding system that has been widely and commonly applied in the business and public field. Based on his experiences, the author reveals the examples of the explanation of why the fouled-up system seems to be so prevalent, basically is

In this case, Professor Austin will exhibit distributive justice as he weighs out who benefits from Cindy’s cheating and burdens from Cindy’s cheating. According to Rawls’ Fairness Approach, the decision for Professor Austin to report Cindy addresses the consistency of treatment amongst everybody because Professor Austin reports his star player to the Dean showing no favoritism. Professor Austin’s decision will also address who benefits and who burdens by understanding that more people are burdened by Cindy’s cheating than benefiting from her cheating. Ethical frameworks like the Utilitarian Approach focuses on the maximum benefit for everyone, so this framework does not take into consideration the individuals who are burdened by Cindy’s

Online stores are growing in popularity and drawing attention. Because of this, other retail stores are losing that attention and business. Some major stores include Sears, Radio Shack, JCPenney, Macy’s, Payless ShoeSource, Dillards and more. These are called brick-and-mortar stores. According to www.merriam-webster.com the definition of a brick-and-mortar store is, “a traditional business serving customers in a building as contrasted to an online business” (Brick-and-mortar, n.d.). “It’s possible more than 8,600 brick-and-mortar stores will close their doors in 2017 (…) JCPenney announced plans to shutter 138 stores by July, Payless ShoeSource is closing hundreds of stores, and Macy's said it's shutting down 68 locations” (Wattles, 2017). What a shame to lose these resources and businesses, especially for those who support and appreciate the local retail option.

The economies of scale in the retail industry are huge. All of the companies in this industry have first mover advantage. Many of the competitors in this industry already have immense and diverse relationships with many of the suppliers they obtain and any new competitor will have a tough time trying to squeeze into the dealer network in order to establish themselves as any type of threat to another retailer.

Macy’s has always found creative ways to attract consumers in the past such as the botanical garden. They should consider hosting more events to build up their brand and draw more positive attention to themselves. I thought it was a great idea for Macy’s to partner up with other retail companies to expand their inventory. Instead of take the initiative to horizontally integrate, they have decided to allow other retailers to setup in their department stores. This would bring in customers that are in a rush to pick up multiple things for holiday shopping to go to Macy’s as it would be a one stop shop. Best Buy is a good example of one of the many partnerships. They already have a fan based and loyal customers, so it would not make senses if they decided to start an electronic department to compete with the current market. It would also resolve the issue of low traffic in Macy’s as it would attract more shoppers to go to Macy’s to visit the section of different

Porter (2008) argues that the threat of entry “puts a cap on the profit potential of an industry … [and] incumbents must hold down their prices or boost investment to deter new competitors” (p. 81).

In a perfectly competitive market each firm is a “Price Taker” , i.e. the prices and wages are determined by the market and the firm is so small relative to the size of the market that they can have no influence over the market price. For a market to be