Competitive Business Strategies

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 2839

Document Outline

For years the companies have been trying to implement business strategies that can enhance the business efficiency along with cost reduction, process optimization and marketing efforts


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For years the companies have been trying to implement business strategies that can enhance the business efficiency along with cost reduction, process optimization and marketing efforts. These efforts do not always payback due to lack of consistency and effectiveness of strategies. Trial of such efforts are not restricted to a single or specific industry. Throughout the industries such trials are under taken to reduce cost and enhance efficiency and profit. The industry chosen for this study is retailing industry. In retail industry, the business strategies are focused on enhancing the production systems so that the waste can be reduced even if not avoided. Several theories suggested a wide range of systems and their flawless implementation but not all the businesses can take advantage of that. This study discusses the impact of lean and/or agile business strategies in the retail industry. Basically, the study is based on the whole concept of application of lean and agile business strategies in the supply chain in retailing industry.

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