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Competing in Tough Times Business Lessons from L. L. Bean, Trader Joe's, Costco, and Other World-Class Retailers

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ISBN-10: 0132459191

ISBN-13: 9780132459198

Edition: 2011

Authors: Barry Berman

List price: $51.95
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Description:

Competing in Tough Timesbrings together the powerful new strategies that world-class retailers are using today to survive--and thrive--in a brutally unforgiving retail environment. Internationally respected retail management expert Barry Berman shows retailers and their suppliers exactly how to build effective strategies based on cost and differentiation, plan and implement those strategies, and measure the results. Berman offers detailed coverage of implementing strategies based on becoming the low-cost provider and minimizing product proliferation; enhancing the service experience; developing and maintaining a strong private label program; and more. To support each approach, he presents…    
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Book details

List price: $51.95
Copyright year: 2011
Publisher: Financial Times/Prentice Hall
Publication date: 2/3/2011
Binding: Hardcover
Pages: 300
Size: 6.25" wide x 9.25" long x 0.75" tall
Weight: 1.034
Language: English

Preface
Introduction
The Questionable Future Facing Global Retailers
Increased Competition Across Retail Formats
Retail Store Positioning and Competitive Strategy
Takeaway Points
Endnotes
Low-Cost Strategies I: Key Elements of a Low-Cost Provider Strategy
Implementing Low-Cost/Low-Price Strategies
Advantages of Being a Low-Cost Provider
Key Elements of a Low-Cost Retailer Strategy
Takeaway Points
Endnotes
Low-Cost Strategies II: Delivering Low Costs Through Minimizing Product Proliferation
Managerial Concerns Related to Product Proliferation
Causes of Product Proliferation
Reducing Product Proliferation: The Experience of Aldi, Costco, Stew Leonard's, and Trader Joe's
Takeaway Points
Endnotes
Differentiation Strategies I: Effective Human Resource Strategies
Strategic Benefits of Effective Human Resource Strategies
The Human Resource Strategies of Best-Practice Firms
Takeaway Points
Endnotes
Differentiation Strategies II: Enhancing the Service Experience
Consumer Satisfaction Studies and Analyst Reviews of the Benchmark Retailers
Employee Dimensions of the Service Experience
Nonemployee Dimensions of the Service Experience
Optimizing Customers' Web-Based Service Experience
Takeaway Points
Endnotes
Differentiation Strategies III: Developing and Maintaining a Strong Private Label Program
Advantages of a Strong Private Label Program to Retailers
Private Label Strategies of Successful Retailers
Takeaway Points
Endnotes
Implementing Cost-, Differentiation-, and Value-Based Retail Strategies
Cost-Based Strategies
Differentiation-Based Strategies
Value-Based Strategies
Auditing a Store's Cost, Differentiation, and Value Strategies
Takeaway Points
Endnotes
Appendix: Individual and Composite Financial Performance, Customer Service, and Worker Satisfaction Metrics of the Best-Practice Retailers
Introduction
Individual Performance Metrics of the Best-Practice Retailers
Composite Data on Best-Practice Retailers
Employee Satisfaction Measures of Best-Practice Retailers
Takeaway Points
Endnotes
Index