In what ways can a retailer such as Nordstrom take advantage of revenue management opportunities?    A retailer like Nordstrom can apply revenue management by aligning pricing and product availability with differences in customer segments. Nordstrom serves both premium, service-sensitive customers and price-sensitive shoppers. Revenue management allows Nordstrom to charge full prices which are higher at their main stores and during the early part of a season when demand from

Coupons have become a commonly used tool in revenue management, yet many businesses continue to overlook the importance of consumer experience, redemption behavior, and the strategic differences between discount types. Mr. Chang can issue coupons to not only promote sales or prevent excess capacity but also to increase awareness of his restaurant's location. For small businesses, especially restaurants, digital coupon apps and mobile targeting technologies have lowered the co

This literature review paper focuses on inventory management in the supply chain and the issues involved in performance, costs, responding to demands, logistics, and sustainable pressures. There are multiple angles to view these challenges in the supply chain, subscription/auto-delivery procurement, handling and reuse of defective items under global sourcing, joint pricing–inventory control in multi-channel systems, integrated inventory–transportation planning with collaborat

Businesses usually fail because of a lack of strategic fit between the competitive and supply chain strategies. This makes it important that the supply chain design, resources and processes provide the required capabilities to support the competitive strategy ( Eicker, T. et al., 2017). Although Blockbuster was a large company and perhaps they did not see the vision or threat that Netflex and Redbox imposed in the very early stages, we can see that beyond a company have large

This paper focuses on workforce management and the usage of AI into team coordination. Workforce management functions can include hiring, training, workforce planning, and coordination. These elements are now being heavily affected by AI tools so exploring how both AI resources and human resources function effectively in a startup company can be essential to be aware of in order to have the knowledge and capabilities to maximize growth potential, especially for businesses lea

The entrepreneurial characteristic that stand out to me is passion, competency, and the ability to see opportunities where majority overlook. So I will be elaborating on interplay between an entrepreneur’s passion, their ability to recognize opportunities, and the principles of small business management. I find it interesting to see how passion can fuel opportunity recognition and support ones managerial practices that can help a founder grow their business. Finally, I also f

Having the knowledge in how to forecast sales is an important element of any startups journey to success. Sales forecasting can be used as a guide, to be able to predict future revenue based on historical data, market research, and competitive pricing analysis. The information gathered while creating a sales forecast can also help create the marketing strategy. Creative marketing efforts such as writing books, applying for business awards, or issuing press releases can also p

One of the operations techniques that stand out to me is record keeping for inventory control, and as for one of the risk management techniques that stood out to me, it would be the risk of employee theft. Proper inventory control through strong record keeping and ongoing risk management of employee theft are not only foundational needs for small businesses, they also highlight biblical values integrity, and Christians in business are called to treat resources with care, and

Fundraising is a common first step in bringing an entrepreneurial vision into reality. Fundamentally, fundraising includes getting funding to cover startup costs, product development, operations, and initial market entry. Some entrepreneur usually start with friends and family, and reach out to personal networks for seed capital that comes flexible terms. As the startup scales and grows, and has a stream of revenue, entrepreneurs would then usually attempt their chances at ge

A value proposition is the central element of a business model, and is critical for this purpose. However, how entrepreneurial ventures modify their value propositions to increase the attractiveness of their comparatively inferior offerings is not well understood (Antonio, J.L. et al., 2024). In other words, A value proposition is a statement that describes why should a consumer purchase your product or service. It is an explanation about the unique benefits being offered. Ha

The involvement of venture capital institutions (VCs) in the development of startups is crucial for the growth and success of startups. In addition to providing critical financial support to their investee startups, VCs actively play a professional role in helping these companies establish closer ties with various parties including upstream and downstream business partners and consumers (Fu, H. et al., 2024). When it comes to reviewing the venture capital team from a doctoral

Due to the of the popularity of online shopping, the logistics has become even more essential for businesses. Warehousing is now an important part of the supply chain of todays modern enterprises, and it has developed from original goods storage to other operations, such as transportation and storage (Chen, J. et al., 2022). Decisions on where to place warehouses are important choices to make in order to save on cost and to distribute products to multiple end consumers for th

Supply chain management various stages takes a systems view regarding all processes needed to bring a product to the final customer. Hence, the value creation process extends beyond the boundaries of a single business, and involves integrated business processes among the suppliers, manufacturers, and customers (Vanpoucke E. et al., 2009). Purchasing a can of soda at a convenience store can be an example of how a convenience store supply chain functions. The soda starts out wi

Knowledge of Capital Markets The first section of the SIE focuses on capital markets and economic factors. You should distinguish primary versus secondary markets: new issues are sold in the primary market  (typically via underwriting syndicates), whereas previously issued securities trade among investors in the secondary market . Different market centers include stock exchanges (NYSE, Nasdaq), over‑the‑counter (OTC) markets, and electronic trading networks. Key participants

The doctoral dissertation is the culminating milestone of a long academic journey, the moment when a student demonstrates that they have met the curricular and specialization requirements of their program. For many, the dissertation is less a single event and more a prolonged process of discovery, argumentation, and professional maturation. It asks the student to synthesize years of coursework, reading, and apprenticeship into an independent project that contributes new knowl

A well thought out ad researched business plan is the foundation of a startup with a clear plan to become successful. Hence, setting both short and long-term goals, and finding a market niche is a task every founder must go through. For example, a company's strategic plan can include targeting certain industries, further developing a product, allocating funds, forecasting sales channels, and scheduling resource needs. Goal setting freedom is to the liberty that employees expe

For many entrepreneur raising capital for their startup can be one of the most exiting memorable thing they can partake in their...

The involvement of venture capital institutions (VCs) in the development of startups is crucial for the growth and success of startups....

In regards to a value proposition, A value proposition is the central element of a business model, and is critical for this purpose....

Chapter 1 Strategic Allocation of Financial Resources: A Framework for Optimizing Organizational Success   Abstract:  Strategic...