Contemporary Management: Challenges Faced by Ben Jenson's Electronic Appliance Store
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Added on 2023/06/03
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This article discusses the challenges faced by Ben Jenson's electronic appliance store in the age of online shopping and how to solve them. It also explores management competencies for the 21st century.
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CONTEMPORARY MANAGEMENT2 Question 1 The electronic appliance store named Ben Jenson is the retail store of the electronic appliances which is currently facing the challenges and the obstacle of the online shoppers in the retail store. The customers are mainly creating a conflict for the storekeepers by checking the prices online and comparing the same by the showroom price. The major conflicting values that are of core importance are discussed in the case study. Because of the Amazon a challenging company is providing the solutions by making it more feasible for the customers to buy the product online and that too by comparing the prices of the products on the Amazon. Moreover, the next conflict of the company is the dilemma of serving the showrooming or not. Ben Jenson who is the founder of the company is against the process of the showrooming, whereas the CEO is in the favor of the showrooming process as it would close all the doors of the store for them as the customers would not even like to visit the store. In the opinion of the CEO, the company shall focus on the product mix and that too the product mix of the differentiated nature(McGee, 2016). Apart from this the CEO also wants to focus mainly on the employees, after-sales services to its clients and the Ben Jenson has the different take on this opportunity and thinks it is a costly process and the cost structure will only be disturbed so he recommends the adoption of the offensive strategy by providing the aggressive discounts(Al-Debei, Akroush & Ashouri, 2015). Question 2 In order to solve the problem, there shall be a mutual understanding between the CEO and the founder of the business Ben Jenson. The case study discusses majorly in relation to price and the first solution is that price is not the only factor hence; Ben needs to focus on other variables as well such as the customer feedback, the choices and the preferences of the customers, product assortment and the product availability as well. Ben Jenson can create
CONTEMPORARY MANAGEMENT3 their own websites to showcase the products online and this will not only curate the interests of the customers but eventually, it can reach to a large mass in a go(Akroush & Al-Debei, 2015). Question 3 In order to be compatible and compete for the 21st-century leader-manager position in VUCA world, the concept of the online shopping is highly inspiring and innovative. The same concept is also associatedwith the digital media. The main highlights in the direction of the management competencies shall be of the globalized nature. Not only the differentiation or the innovative product but it is the responsibility of the employees as well and they shall be trained and given proper knowledge so that it becomes beneficial for the store to grow and compete among the existing competitors. This process will not only help in retaining the customers but also helps in a maximization of the profits. Hence these strategies shall be adopted by Ben Jenson in order to have the competitive advantage over the Amazon(Hoberg & Phillips, 2016).
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CONTEMPORARY MANAGEMENT4 References Akroush, M. N., & Al-Debei, M. M. (2015). An integrated model of factors affecting consumer attitudes towards online shopping.Business Process Management Journal,21(6), 1353-1376. Al-Debei, M. M., Akroush, M. N., & Ashouri, M. I. (2015). Consumer attitudes toward online shopping: the effects of trust, perceived benefits and perceived web quality. Internet Research,25(5), 707-733. Hoberg, G., & Phillips, G. (2016). Text-based network industries and endogenous product differentiation.Journal of Political Economy,124(5), 1423-1465. McGee, L. W. (2016). Collaboration in a Competitive Market: The Collective Impact Model in University Legislative Relations.