Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Essay:
J.C. Penney Company, Inc. is a holding firm with the main operating subsidiary known as J.C Corporation, Inc. The company sells accessories, family apparel and footwear, beauty products, home furnishings, and fine and fashion jewelry in its department stores in America and Puerto Rico. Since its inception, this company has grown to become a major retailer that operates approximately 1,106 department stores by the beginning of 2011. The business of this firm basically consists of selling their products and services through the numerous stores and its online business strategies. This growth has resulted in the company to be ranked as America's largest department-store retailer and catalog business.
Mission, Vision, and Primary Stakeholders of J.C. Penney:
The vision of J.C. Penney Company, Inc. is to become America's shopping destination for inventing great styles at reasonable and attractive prices. This vision is centered on the company's long-range growth initiatives that consist of four integrated business strategies in order to increase its sales, improve its financial performance, and achieve industry leadership. The company's mission is to provide merchandise and services to its global customers at a profit in ways that are consistent with its ethics and responsibilities.
In order to fulfill its vision and mission, J.C. Penney Company, Inc. has several stakeholders that are integral to the success of its operations and profitability. Some of its primary stakeholders are its customers who are its main focus because of the role they play in the effectiveness and profitability of the firm's operations. Since customers act as the lifeblood of this company, it's committed to serving them with quality, smart, and stylish products at reasonable prices. The second primary stakeholders are its diversified supplier base that consists of both domestic and foreign suppliers as the firm is not highly dependent on any single supplier. The other primary stakeholders are its stockholders and investors who also play an integral role to J.C. Penney's profitability in the market.
Competition of J.C. Penney Inc.:
J.C. Penney Company, Inc. operates in the highly competitive business of marketing and services that consists of numerous competitors including Kohl's, Stein Mart, and Dillard's. The competitors within this industry compete for market share depending on brand image investments, economies of scale, and tight cost controls. The five forces of competition for J.C. Penney, Company, Inc. In its business based on an industry analysis are & #8230;
Rivalry among Existing Competitors:
As previously mentioned, this industry is highly competitive with numerous competitors that require companies to aggressively concentrate on merchandising to attract customers and capitalize efficiency in its entire supply chain. Since these companies are competing for the same customers, rivalry among existing customers is a huge force of competition. The success of the firms in this industry is affected by huge economies of scale, high concentration, and lower fixed to variable costs (Bartholomew et. al, 2007).
Threat of New Entrants:
As this sector is highly concentrated with large and small competitive companies, successful department stores have long histories because they have discovered means of thriving in the stagnant industry. While the survival of new entrants is highly unlikely because of various factors, the threat of new entrants is a competitive force for J.C. Penney.
Threat of Substitute Products:
Since this sector is highly competitive, the threat of substitute products will be a constant competitive force for the company. Buyers switching costs can be regarded as low because businesses by department stores serve the same purpose. However, J.C. Penney Company, Inc. faces a moderate threat of substitute products because it targets mid-income families.
Buyers' Bargaining Power:
The overall business strategy of a company is greatly influenced by the bargaining power of consumers. While a higher bargaining power of buyers enable a firm to compete on price, low bargaining power of buyers don't typically influence a firm's business operations. This sector is mainly characterized with relatively lower bargaining power of buyers.
Suppliers' Bargaining Power:
Similar to buyer's bargaining power, this sector is marked with little bargaining power for suppliers since they provide small amounts of inventory. However, J.C. Penney experiences high supplier's bargaining power because it carries exclusive brands in its stores.
Given that these five forces of competition have an impact on the formulation of J.C. Penney's business policies and strategies; it has a major impact on the firm's overall profitability in the highly competitive industry.
SWOT Analysis of J.C. Penney:
The following is analysis…[continue]
"JC Penney J C Penney Company Inc Is" (2011, December 17) Retrieved December 3, 2016, from http://www.paperdue.com/essay/jc-penney-company-inc-is-53399
"JC Penney J C Penney Company Inc Is" 17 December 2011. Web.3 December. 2016. <http://www.paperdue.com/essay/jc-penney-company-inc-is-53399>
"JC Penney J C Penney Company Inc Is", 17 December 2011, Accessed.3 December. 2016, http://www.paperdue.com/essay/jc-penney-company-inc-is-53399
J.C. Penney News Is Bigger Than Lawsuit Decisions, Revenue Losses, and Resignations - Mark Cuban's Stock Purchase Is Better Than Money for J.C. Penney's Recovery (JCP, MSO) Organizational context: J.C. Penney J.C. Penney is one of the most famous and renowned of the major U.S. department stores. It is well-known for its image of Americana and its reasonable prices. However, within this particular market segment, J.C. Penney is facing increasingly stiff competition
Further the fair pricing strategy which Yousuf refers to as "a permanent discount of at least 40% on all items" could also effectively defend the company's market share from both existing competitors and new entrants. Next, J.C. Penney's move to embrace a new management team could end up yielding some positive results as such a move will inevitably change the way things are done at the firm. Indeed, in
management styles used by JC Penney's management and pros and cons of each era of management. The paper begins with a general introduction of the management and then by answering the questions asked. The paper also evaluates company's management styles and problems faced by the company. Importance of innovative management style and a suitable style for JC Penney is also considered in the given paper. Management Penney being one of the
Management Analysis of JCPenney One of America's iconic department store fixtures is J.C. Penney which has provided American consumers with a wide range of family clothing and other merchandise for more than a century. In recent years, though, JCPenney has been experiencing some difficult times as its core market continues to be eroded by competitors and an aging business model. This paper provides a review of the relevant literature to develop
Wal-Mart Stores, Inc. Company Operations Financial Analysis Wal-Mart United States Sam's Club Wal-Mart International Industry Analysis Family History Business Challenges Complexity of the Business Entrepreneurial Inheritance The Dividend Main Company Issues Career Learning Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma and died April 5, 1992 in Little Rock, Arkansas. From humble beginnings, he became a retail titan as the founder of Wal-Mart Stores, Inc. He graduated from the University of Missouri and entered the J.C. Penney training program before serving
Employment Law Case One: A. Ms. Riyadh is employed as an account executive with ABC Advertising ("ABC"). ABC is a national marketing and advertising firm specializing in domestic and international advertising. ABC has its corporate headquarters in this state and represents many major public and private corporations throughout the United States. Ms. Riyadh began working with ABC as a summer intern during her senior year in business school, and was hired
business2community.com/social-media/2012s-ten-worst-social-media-Disaster-0370309 Using contemporary illustrative examples from academic literature and reputable business publications, discuss the concept of "Social Business" and the resultant opportunity and challenges that are currently being faced by the retail industry globally. Concept of Social Business Concept of Social Business with Retailers Social Media and Retailing Best Practices in Administering Social Media There is a growing body of research that confirms that companies of all sizes and types can realize a wide array