Strategic alternatives for small retail businesses in rural areas
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Strategic alternatives for small retail businesses in rural areas evidence from the Southern Western Isles of Scotland by John Byrom

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Published by Manchester Metropolitan University Business School in Manchester .
Written in English

Book details:

Edition Notes

At head of title Locational Planning & Marketing Group, The Business School.

StatementJohn Byrom, Dominic Medway and Gary Warnaby.
SeriesResearch in management & business, Working paper series / Manchester Metropolitan University Business School -- WP01/05, Working paper series (Manchester Metropolitan University Business School) -- WP01/05.
ContributionsMedway, Dominic., Warnaby, Gary., Manchester Metropolitan University. Business School., Manchester Metropolitan University. Locational Planning & Marketing Group.
ID Numbers
Open LibraryOL19423560M

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BibTeX @MISC{Byrom01strategicalternatives, author = {John Byrom and Dominic Medway and Gary Warnaby}, title = {Strategic Alternatives for Small Retail Businesses in Rural Areas: Evidence from the Southern Western Isles of Scotland}, year = {}}.   Strategic Alternatives for Alternative Strategic Options For Retailers Small Retail Businesses in In considering the strategic options open to organisations, Ansoff () ar- Rural Areas ticulated the need for a ‘common thread’ between the present and future di- rection of the business, through the specification of what he termed the growth vector. This paper considers retail businesses in a remote, rural area, the Uist chain in the Western Isles of Scotland. Drawing on the marketing and retail strategy literatures, a 'funnical' model of rural retail strategies is developed, and examples of independent retail businesses that have adopted both market-led and product-led strategies are : John Byrom, Dominic Medway and Gary Warnaby. At any given point, a business basically has three strategic alternatives to consider – pursuing growth, restructuring to bring in more cash or selling the business – each has its own risks and rewards for the owner to consider. gic Growth Plan. Entrepreneurs can look to accelerate growth organically or through an acquisition.

A business-level strategy is the set of strategic alternatives from which an organization chooses as it conducts business in a particular industry or market. Such alternatives help the organization to focus its efforts on each industry or market in a targeted fashion.   This book by Sean Covey, Chris McChesney and Jim Huling is the most straightforward and practical book on this list. Sure, learning the history of strategy and how other people or companies have employed strategy can be informative, but nothing is as helpful as having useable takeaways that will be relevant no matter your discipline or specialty.   Retail is far from dead — but the industry is dramatically changing. This entertaining and provocative book by Doug Stephens gets into the nitty-gritty of how the changing demographic makeup of the world, alongside technological developments, are pushing the retail industry into a new era, impacting the decisions consumers make, and the moves retailers must take to stay on top. a simple strategy: to take his retail stores to rural areas of the United States and then sell goods at the lowest prices around. Sam was convinced that a large discount format would work in rural communities. Walton’s first discount store opened in and used such slogans as File Size: 1MB.

The retail strategy is to determine the retailer’s performance as per the consumer requirement. If we understand the concept of retail strategy, then we can establish a business strategy in a small shop. Retail Strategy. Retail Strategy is a complete marketing plan for a service or a product to reach and influence consumers. Economic Advisors, ). Rural small businesses have moved from agricultural foundations to retail and service sectors. The retail sector is the largest provider of jobs in small communities (Ryu & Swinney, ). Small businesses account for % of U.S. employer firms (Small Business Administration [SBA], ). In , % of allAuthor: Nicole A Dobson. business models that provide a better shopping experience. Cost of entry into the marketat all time low, while a large numberof niche players driving change. • Pricing and promotional strategy (new normal?) • Physical and virtual location arbitrage • Business model differences based on culture, retail File Size: KB. how rural retail shops face distinctive challenges in the marketplace. The early work of Jussila et al. (), based on interviews with rural retailers in Finland, identified three strategic directions available to these firms: adaptation (i.e. operating as effectively as possibleFile Size: 2MB.