Will be uploaded later Essay Example | Topics and Well Written Essays - 2000 words

Will be uploaded later - Essay Example This has improved the consumer research process used by manufacturers. The article selected for analysis concerns Skagen. Skagen is a US cross-border company, which deals with accessories brand particularly wristwatch brand, handbags, jewellery, and other durable personal disposals. The selected article concerns Skagen’s endeavours of seeking expansion into the UK retail market. The author of the article is Mark Lewis. Lewis posted the article in Financial Times on February 17, 2013. The reason for choosing the article is that the author highlights critical aspects that I will use to review various theories in retail development, theories of retailing, and principles of retailing. Most authors have begun focusing on retail marketing from a theoretical angle. There is no single theory which is universally acceptable or applicable. The applicability of each theory differs from one market to another. The variations are brought about by the different socioeconomic conditions and the maturity level of the market. These theories basically revolve around laying emphasis on the importance of establishing a viable competitive advantage and developing investments that are within an organization’s capabilities. Varley (2005) notes that for these theories to be effectively implemented strategic plans must be set up by the retail organizations to identify market signals and opportunities that occur dynamically. The theories are environmental, cyclical, and conflictual. The article recommends that Skagen’s strategy of expansion should be based on quality product rather than brand exposure. In the contemporary market arena, customers have shifted bases of their purchase decision-making from price or brand popularity to specific attributes of the product that meet their requirements. Charles Darwin’s theory on natural selection or the survival for the fittest can also define this theory. Retail organizations are economic entities that deal

Economic Final project paper and Power point Essay

Economic Final project paper and Power point - Essay Example Through the different researcher studies, it has been proven that the automotive industry continues to rise in control of the world economy. It has even been observed that countries such as Korea and Japan are among the fastest growing countries today due to the fact that they are among the ones having great control in the automobile industry. Why is this particular fact relevant to the society today and how is this primary consideration affective in the process by which the world faces worldwide economic turmoil at present? Transportation is the well known factor that brings about the chance of every nation to progress. If seen carefully, researchers attest to the fact that the countries having the most advanced transportation system are those that are really able to face the different challenges of modern developments towards national progress. Why is this so? Transportation is often regarded as the most important fuel to national development. A country that has the most progressive sense of transportation are the ones that are able to link every inch of the country towards advancement. The roads and the public transport systems easily get people to and from work making it much easier for them to boost the national economy through being able to perform well for the economic advancement of the country. Obviously, every nation, big or small is usually defined by its system of transportation. Every system of transportation is fueled by the modern advancements in mobile creation. This fact has been recognized and understood through the years. Hence, as a result, the new innovative designs of automobiles are rather created to fit the needs of the modern society. Believably, the modern society welcomes new design that would best fit their demand for the best kind of transport and travel that they know they deserve. Hence, this is where the social role of the automotive industry comes in. Along with the industries providing the basic