This report analyzes the business strategies of ShopHere, a multichannel retailer in Australia, with a focus on ethical consumers. It provides recommendations for improving strategic goals and consumer satisfaction.
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Running head: ANALYSIS OF BUSINESS STRATEGIES AT ShopHere ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Name of the student: Name of the university: Author Note:
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1ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Table of Contents 1. Introduction............................................................................................................................2 1.1 Aims of the report............................................................................................................2 1.2 Objectives of the report....................................................................................................2 2. Systematic Literature Review................................................................................................3 3. Recommendation and Conclusion..........................................................................................6 4. Summary Table......................................................................................................................8 5. References............................................................................................................................12
2ANALYSIS OF BUSINESS STRATEGIES AT ShopHere 1. Introduction ShopHere is an organization that is founded in 1984 and gradually has achieved a global exposure as a multichannel retailer. This retail foundation seeks to facilitate their consumers with high quality services within the country of Australia. In recent times, the organization has adapted effective decisions for providing ethical products to their consumers in accordance to the view of the similar organizations collapse present within the global market. The organization now uses ethical trading infrastructure for providing effective services to their consumers. This report will deal with the research as well as will put a clear assessment on the outcomes and provide a series of recommendations regarding the business strategies of the organization and intends to focus on the ethical consumers present within the target market of the organization. 1.1 Aims of the report The primary aim of this report is to put a clear reflection on the overall business strategies as adapted by the organization as well as come up with some recommendations, which will help the organization to cope with the strategic goals thus leading to the consumer satisfaction within the ethical consumer environment. 1.2 Objectives of the report The prime objective of the report is to determine the strategies implied within the business of ShopHere. The recommendations that this report provides is stated to be very significant in respect to the ethical consumers associated with the organization. Moreover, the recommendations will also adhere the concerns of the customers regarding the purchase decisions of the consumers.
3ANALYSIS OF BUSINESS STRATEGIES AT ShopHere 2. Systematic Literature Review The systematic literature review in this section will be carried out by identifying the two significant search terms that are likely to be ethics in business organization and the consumers associated with the business . These are said to be the potential factors in accordance to the organization of ShopHere, as this two search terms will guide the overall systematic review of literatures for the intended strategies of the business. According to Zolloet al(2018), the ethical consumers regarding any industry is duly significant for the success of an organization. In accordance to the case study of ShopHere, it can be depicted that the management of the organization tends to provide effective services to their consumers. Moreover, they want to provide them with ethical services regarding the consumption of the products that are provided by the organization. The business strategy adheredbytheorganizationisdepictedasoneoftheinnovativechangewithinthe organization that led to cope with the organizational goals (Park 2018). Moreover, the ethics related to the consumption of the services by the consumers is also stated as a significant criterion within the business strategy implications of the organization. As stated by Craneet al(2019), ethical consumers are stated to be a type in the area of customer activism, which is essential for the standardization of an organization. The organization of ShopHere after observing the present global market in regards to the other organisations has adapted some decisive methodologies to enrich their business productivities fortheattractionoftheethicalconsumerstowardstheproductsasprovidedbythe organization. The ethical consumption of the goods as well as services intends to enhance the growth and success of the organization, which further provides effective services to the consumers(Brachetal2018).Moreover,thebusinessstrategiesasintendedbythe organization tends to facilitate the consumers ethically so that the supply chain management of the overall products in the organization. The ethics associated with the business of the
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4ANALYSIS OF BUSINESS STRATEGIES AT ShopHere products as well as services provided to the customers assures the customers to remain consistent with the same organization. According to Chipuluet al(2018), the ethical decision-making as well as behaviour of purchase are simultaneously related with the behavioural purchases of the customers. The purchase intentions regarding the ethical issue related to the customer depends on the customer attitude towards the products associated with the organization. This attitude assures the intentional purchases regarding the consumers that are facilitated by the organization of ShopHere (Hwang and Kim 2018). The interactions of the customers with the organizations regarding the ethical purchases of the services as provided by the organization is depicted as the innovative strategy in businesses regarding ShopHere. AsdepictedbyPotrashkovaetal(2019),thepreliminaryapproachesthatan organization takes to retain their customers is said to be the fact of providing good quality products as well as services that can evaluate the ethical consumption of the products within theirboundsthusavailingtegreatpurchasedecisions.Thiscertainlyprovidesthe organization to cope with the target market in the global platform regarding the organizations associated within it (Joshi and Rahman 2018). Moreover, the organization of ShopHere also adapts this methodology for achieving the viability as well as market strength of it. This also adheres the quality and ethical products that are to be provided for the significance of the potential customers within the market of the organization. As stated by Chang and Long-Chuan (2019), the behaviour of a customer and the decisions adhered by them for purchasing products from a specified organization is said to be the prime factors regarding the success of an organization. In this respect, the above stated factors can significantly identify the organizational performance regarding the organization of ShopHere. These factors mainly seeks to provide customer satisfaction as well as desirability
5ANALYSIS OF BUSINESS STRATEGIES AT ShopHere of the customers’ needs and depends on the knowledge of the customers regarding the products that the organization is providing to their consumers. The ethical products amplifies the decision-making capability and the customer’s behaviour towards the organization. According to Schlaileet al(2018), the ethical consumers of an organization is said to be believed as the important criteria for the success of the said organization. This is depicted from the research that the organization that tends to provide ethical level of goods as well as services to the consumers amplifies their business with the help of this business strategy (Moran 2019). The ethical consumers are the one that are said to be trustworthy as well as the decisions that they take while purchasing an item from the organization meets a certain number of standards regarding the consumption of the goods as provided by the organization. According to Abdulrazak and Quoquab (2018), the purchase of ethical goods tends to amplify the perception of an individual regarding the trust as well as satisfaction towards the products of the organization. The continuous purchase intentions adhered by the customers are said to be the effective trading mechanisms (Singhet al2018). However, the quality of the products that are served by the organization is said to be one of eth prime factors regarding the retention of the customers and this factor attracts many new customers within the environment of the organization. As stated by Lee, Bhatt and Suri (2018), social desirability of the consumers is said to be the predictable image that are acceptable to the overall society and gains social advantage and acceptance. This is very significantly necessary regarding the enhancement of the customer services that are provided by the organization. The desirable factors of the customers and the ability to understand them and provide services is one of the significant challenges faced by an organization. This is because the desires of a customers tend to
6ANALYSIS OF BUSINESS STRATEGIES AT ShopHere amplify the product qualities of an organization thus maintain the variety as well as the global exposure of the organization. Thusfromtheabovesystematicliteraturereviewitcanbeanalysedthatthe organization of ShopHere intends to provide its customers with the ethical products for significantly providing them with the benefit of the products as well as services available in the organization. Moreover, the organization can also adapt these methodologies for retaining their customer as well as attract new customers within their organizational bounds for meeting up the competition present within the market (Morris 2019). This will further lead the organization to achieve their target market in terms of their customers and the ethical consumption of the products to the customers within their organization. 3. Recommendation and Conclusion The above stated report depicts the systematic literature review of the organizational concepts regarding the target market, which is intended to be achieved by the organization. The primary suggestions that can be recommended for the increase of the organizational success within the present global market is said to be the usage of the good quality products and services that tends to attract the consumers towards the organization. Moreover, the business strategy as adapted by the organization regarding the ban of the usage of fur within the products of the organization is depicted as an important strategy which will certainly amplifytheethicalconsumerstogetengagedinthebusinessprocedureswithinthe environment of this organization. Thus, form the overall report stated above it is depicted that the behaviour of purchase regarding the products provided by the organization are quite significant in get amplification of the business strategies of the organization. Moreover, the above stated review of literatures it can be deduced that the intended business strategy will be very helpful in accordance to the
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7ANALYSIS OF BUSINESS STRATEGIES AT ShopHere consumers associated with the organization. However, it can be concluded that the ethical consumersplaysanimportantroleintheorganizationofShopHereforthefuture enhancement of the business within the environment of the global market.
8ANALYSIS OF BUSINESS STRATEGIES AT ShopHere 4. Summary Table No .AuthorArticle titleResearch DesignContentResultsArguments 1Park, Kendall Cox (2018) Understanding ethical consumers: willingness-to-pay by moral cause. Quantitative analysis of the consumers which are ethical in terms of the products associated in the organization This article provides a clear overview of the moral cause that is adhered by an organization regarding its customers Many understand ability factors in accordance to the ethical behaviours of the consumers Research in this area is provided with the adherence of behaviours as well as ethical issues within the organization 2 Singh, Jatinder J., Nitika Garg, Rahul Govind, and Scott J. Vitell (2018) Anger strays, fear refrains: The differential effect of negative emotions on consumers’ ethical judgments Qualitative analysis of the data regarding the statements of the consumers This article briefly states the effect of the consumers emotions on the organizational items The overall aspect of the customer satisfaction is well depicted by this article Research of the various customer emotions will help the organization to thrive in a better position in the market 3 Zollo, Lamberto, Sukki Yoon, Riccardo Rialti, and Cristiano Ciappei (2018) Ethical consumption and consumers’ decision-making: the role of moral intuition. Qualitative analysis of the data regarding the effective decisions taken by the consumers This article briefly states the effect of the moral decisive factors regarding the business with the products of the organization This article provides the pro and cons of the decision-making capabilities of the organization Research of the various customer methods regarding the consumption of the ethical goods and services 4Crane, Andrew, Dirk Business ethics: Managing corporate Quantitative analysis of factors associated This states the overall business ethics related This article provides the clear reflection of Research of the various sustainable
9ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Matten, Sarah Glozer, and Laura Spence (2019) citizenship and sustainability in the age of globalization with the business sustainability to the success of an organization. the sustainability factors regarding the business in the global market methods and corporate sectors within the business environment 5 Brach, Simon, Gianfranco Walsh, and Deirdre Shaw (2018) Sustainable consumption and third-party certification labels: Consumers’ perceptions and reactions Qualitative analysis of the data regarding the statements of the consumers This states the overall certificates related to the ethical consumers This article provides the clear reflection of the perceptions as well as reactions of the consumers strategies Research of the various methodologies for the sustainable consumption 6 Chipulu, Maxwell, Alasdair Marshall, Udechukwu Ojiako, and Caroline Mota (2018) Reasoned ethical engagement: Ethical values of consumers as primary antecedents of instrumental actions towards multinationals Qualitative analysis of the ethical values of the customers This states the overall values as adapted by the consumers This article provides the clear reflection of the ethical values related to customers Research of the various ethical engagement values 7 Chang, Hsiu- Hua, and Long-Chuan Lu (2019) Actively persuading consumers to enact ethical behaviours in retailing: The influence of relational benefits and corporate associates Quantitative analysis of the customer’s behaviours towards the products This states the overall behaviours of the consumers This article provides the clear reflection of the ethical behaviours related to customers Research of the various behaviours management regarding the customers 8Potrashkova, Lyudmyla, Methodological provisions for Qualitative analysis of the empirical This states the overall perception of the This article provides the clear reflection of Research of the various perceptions
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10ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Diana Raiko, Leonid Tseitlin, Olga Savchenko, and Szabolcs Nagy (2019) conducting empirical research of the availability and implementation of the consumers socially responsible intentions research regarding the perception of the customers customers regarding the business strategies the implementations as well as availability of the resources regarding the customers 9 Schlaile, Michael P., Matthias Mueller, Michael Schramm, and Andreas Pyka (2018) Evolutionary economics, responsible innovation and demand: Making a case for the role of consumers Quantitative analysis of the economics regarding the demand and innovation in the business This srticel btriefly states the demand as well as the innovation in the economic sectors of the organization This article provides the clear reflection of economic sectors of the organization Research of the various methodologies within the business environment in economic sectors 10 Abdulrazak, Sham, and Farzana Quoquab (2018) Exploring Consumers' Motivations for Sustainable Consumption: A Self- Deterministic Approach Quantitative analysis of factors associated with the business sustainability This states the overall customer motivations related to the success of an organization. This article provides the clear reflection of the sustainability factors regarding the customers present in the global market Research of the various sustainable methods and corporate sectors within the customers for better business growth 11Moran, Nora (2019) Examining attitudes on pay for low level workers: do consumers care? Qualitative analysis of care of consumers This states the overall attitudes of the consumers This article provides the clear reflection of care regarding the customers Research of the various perceptions regarding the care of the customers 12Lee, Jeonggyu, Siddharth Bhatt, and When consumers penalize not so green products Quantitative analysis of the products provided by the organization This states the overall perception of the customers regarding the products This article provides the clear reflection of the products that are provided by an Research of the various perceptions regarding the environment friendly
11ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Rajneesh Suri (2018)organizationproducts 13 Joshi, Yatish, and Zillur Rahman (2018) Determinants of Sustainable Consumption Behaviour: Review and Conceptual Framework Quantitative analysis of determinants associated with the sustainability of business This states the overall customer behaviour regarding consumption. This article provides the clear reflection of the sustainability consumption factors of the products Research of the various sustainable methods regarding the product consumption 14 Morris, Bethan (2019) Digital marketing and young consumers: A framework for effective digital marketing communications Quantitative analysis of the digital framework This states the overall perception of the customers regarding the business communications This article provides the clear reflection of the frameworks regarding the digital services Research of the various as well as overall digital marketing communications 15 Hwang, Kumju, and Hyewon Kim (2018) Are ethical consumers happy? Effects of ethical consumers' motivations based on empathy versus self- orientation on their happiness Quantitative analysis of the ethical consumers This states the overall effects with the help of ethical consumers This article provides the clear reflection of the customer satisfaction Research of the various methodologies on the customer behaviours
12ANALYSIS OF BUSINESS STRATEGIES AT ShopHere 5. References Abdulrazak, Sham, and Farzana Quoquab. "Exploring Consumers' Motivations for Sustainable Consumption: A Self-Deterministic Approach."Journal of International Consumer Marketing30, no. 1 (2018): 14-28. Brach, Simon, Gianfranco Walsh, and Deirdre Shaw. "Sustainable consumption and third- party certification labels: Consumers’ perceptions and reactions."European Management Journal36, no. 2 (2018): 254-265. Chang, Hsiu-Hua, and Long-Chuan Lu. "Actively persuading consumers to enact ethical behaviors in retailing: The influence of relational benefits and corporate associates."Journal of Business Ethics156, no. 2 (2019): 399-416. Chipulu, Maxwell, Alasdair Marshall, Udechukwu Ojiako, and Caroline Mota. "Reasoned ethical engagement: Ethical values of consumers as primary antecedents of instrumental actions towards multinationals."Journal of Business Ethics147, no. 1 (2018): 221-238. Crane, Andrew, Dirk Matten, Sarah Glozer, and Laura Spence.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press, 2019. Hwang, Kumju, and Hyewon Kim. "Are ethicalconsumershappy? Effectsof ethical consumers'motivationsbasedonempathyversusself-orientationontheirhappiness." Journal of Business Ethics151, no. 2 (2018): 579-598. Joshi, Yatish, and Zillur Rahman. "Determinants of Sustainable Consumption Behaviour: Review and Conceptual Framework." InGreen Initiatives for Business Sustainability and Value Creation, pp. 239-262. IGI Global, 2018.
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13ANALYSIS OF BUSINESS STRATEGIES AT ShopHere Lee, Jeonggyu, Siddharth Bhatt, and Rajneesh Suri. "When consumers penalize not so green products."Psychology & Marketing35, no. 1 (2018): 36-46. Moran, Nora. "Examining attitudes on pay for low level workers: do consumers care?." Journal of Consumer Marketing36, no. 1 (2019): 136-145. Morris, Bethan. "Digital marketing and young consumers: A framework for effective digital marketing communications." (2019). Park, Kendall Cox. "Understanding ethical consumers: willingness-to-pay by moral cause." Journal of Consumer Marketing35, no. 2 (2018): 157-168. Potrashkova, Lyudmyla, Diana Raiko, Leonid Tseitlin, Olga Savchenko, and Szabolcs Nagy. "Methodological provisions for conducting empirical research of the availability and implementation of the consumers socially responsible intentions."arXiv preprint arXiv:1901.00191(2019). Schlaile, Michael P., Matthias Mueller, Michael Schramm, and Andreas Pyka. "Evolutionary economics, responsible innovation and demand: Making a case for the role of consumers." Philosophy of Management17, no. 1 (2018): 7-39. Singh, Jatinder J., Nitika Garg, Rahul Govind, and Scott J. Vitell. "Anger strays, fear refrains: The differential effect of negative emotions on consumers’ ethical judgments."Journal of Business Ethics151, no. 1 (2018): 235-248. Zollo, Lamberto, Sukki Yoon, Riccardo Rialti, and Cristiano Ciappei. "Ethical consumption and consumers’ decision making: the role of moral intuition."Management Decision56, no. 3 (2018): 692-710.