Veling Super Mall - Free Essay Example

Sample details Pages: 3 Words: 916 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? 1.1. Executive Summary Veling Institute of Management London is a reputed and popular management institute, which offers courses in retailing management. The school also owns retail outlets that give the students hands on experience to the students. Don’t waste time! Our writers will create an original "Veling Super Mall" essay for you Create order Having seen the acceptance, it decided to open retail malls in Senegal which is basically a third world country. It is its second venture. The first has been in India. Having group of highly qualified professionals in retailing, it will be easier of us to venture into real retail business in Senegal and slowly in the African region. Motivated by increased industrial growth, high preference for touch and feel shopping experience, existence of consumer pull market and growth of middle and high income group households, our institution is decided to implement this proposal by being active participator in retail business. The second objective was to promote the employment generation in the area by training the local candidates who are eligible to enroll into the course. Key to success of our institution are : we have 20 years recorded, academic experience in retail area, so we can easily implement practically such knowledge. Our old students are big players in retail market, so we can associate them to our visualized business plan in actual practice. We maintained industry institution interaction since inception, so we have actual idea of what is going on in this sector. 1.2. Ownership pattern and owners profile Veling is privately owned education institution, jointly owned by Sri Thomas Sri Alies Cherian which offers Diploma Post Graduate, Diploma and Master Degree in Business management. We decided to diversify not just into geographies but also into unrelated area, that is having mall in at least 10 important cities in India initially. 1.3. Product Description We offer ideal shopping experience with an amalgamation of product, service and entertainment all under common roof. We have : Home appliance Fresh Groceries Apparels Cosmetics Music chain Books Electronic Devices Fast food outlet Juice Centre Special Nutritious centre Health care products Baby care products We have multi brand products of above categories. We provide an opportunity to choose from medium to high priced Worth for quality items 1.4. Competitive Comparison We have many competitors, of which significant are, Hypercity, prime mall and inorbit. Hypercity is a hyper market even though it offers wide variety products. Customers are feeling so restricted because of its narrowed interior structure. Inorbit is a big mall which has already established good image but as for as its source of supply it is facing some problems. Prime mall is currently meeting the needs of upper class market. So we decided to fill the gap by having good economic source of supply, offering medium to high priced multi brands under same product line category and by making customer to feel that they are in such place which definitely provide lot of space to invest their hard earned money economically and productivity. 1.5. Technology We decided to emphasize on automating the process, using bar codes to identify the product, scanners, and computerized billing. This will speed up the billing process, reduce the human intervention and errors, the retail shop people can focus on customers for personal attention etc. This will help to differentiate ourselves from not successful retailer and even to get cost advantage. 1.6. Market Analysis By being aware of the fact that retailing is the largest private sector industry in the world economy with global industry size exceeding $6.6 trillion, we explored the potential for starting mall in Senegal and other parts of African region. The market research indicates that there will be investment for Hypercity Retail by K. Raheja Group to establish SS Super market by 2015. Reliance of India is another giant which is Indias largest contemporary retailer and the size of organized retailing its expected to touch $30 billion by 2010 which is also planning to take initiatives. We expect growth of 22% per annum initially, which definitely rise in the years to come. We decided to utilize growth in the consumer preference for shopping in congenial Environs. 1.7. Financial Plan We need $ 500,000,000 initially to start 10 malls in 10 important locations of Ghana and other places. 1.7.1 Sources of requirements will be: Owners fund - 70% Borrowed Fund - 30% (Secured Bank loan @15%) 1.7.2 Application of Fund will be : Fixed assets 30% Initial investment to get Building on lease basis 30% Working capital requirement 40% 1.7.3 We need minimum 50,000, maximum 1,00,000 square feet area building having 4 floors. The plan for utilization of building will be; Ground Floor Parking and Store First Floor Grocery, home appliances Electronic items, Fast food outlet Second Floor Apparel Third Floor Cosmetic, music chain and book Store and office maintenance Instead of having building of our own, we decided to get it on lease basis as it is cost effective way of financing our fixed asset requirement. We have already booked building under construction from building developers. 1.7.4 First years expected cash inflow will be; Sales $400,000,000 (-) cost of goods sold $120,000,000 Gross profit $280,000,000 (-) operating expenses $110,000,000 (-) depreciation on fixed Asset @ 10% $ 15,000,000 Operating profit $165,000,000 (-) Financial charge $ 22,500,000 $ 147,500,000 (-) Tax 40% $ 59,000,000 Earning after tax $ 88,500,000 (+) Depreciation $ 15,000,000 $103,500,000 Cash inflow $ 24,500,000 Operating expenses would include salary, maintenance cost, electricity, water, logistics, uniform, incentives etc Computers and other IT tools are considered for depreciation. 1.8. Summary The cash flow statement indicates that the plan is viable and is a profit making business. This will certainly change the customer behavior in terms of purchasing process, acceptance of branded products etc. The mall will might initially encourage window shopping and later attract more customers.

Impact of Martin Luther - 1060 Words

Luther was a German patriot. He was never a nationalist in the modern sense of the word. Luther was, above all, a pastor, professor of theology and iconic figure of the Protestant Reformation. Luther has been variously identified as an advocate of absolute monarchy, democracy, individual freedom, intellectual repression, nationalism, internationalism, spirituality and secularism. He was a religious figure; his battles were fought over theological issues that may seem to us obscure but whose implications touched every area of life, individual and corporate. Some people consider Luther to be the apostle of absolutism, some later autocrats certainly claimed him as a founding father (Wilson, 2007 p. 19). Hergenhahn (2009) showed†¦show more content†¦Over the years scores of university students lodged with the Luthers and it is thanks to some of them that we have the celebrated Table Talk, a collection of obiter dicta on all manner of subjects with which the great man regal ed his guests at meal times (p. 20). Phillips (1970) says Desiderius Eramus (1466-1536) a Dutch humanist, he was an ordained priest of the Roman Catholic Church and studied at the Univ. of Paris. Erasmus combined vast learning with a fine style, a keen and sometimes sharp humor, moderation, and tolerance. His position on the Reformation was widely denounced, especially by Martin Luther, who had first looked on Erasmus as an ally because of Erasmus attacks on clerical abuse and lay ignorance. Erasmus was finally brought into open conflict with Luther and attacked his position on predestination in On the Freedom of the Will. Then Luther came to understand justification as entirely the work of God. This teaching by Luther was clearly expressed in his 1525 publication On the Bondage of the Will, which was written in response to On Free Will by Desiderius Erasmus (1524) (p. 24). Important note and this was interesting, but I do not remember where I read it but it said something like If Jesus Christ is the same yesterday, today, and forever-is any other position than Luther’s possible? -Show MoreRelatedMartin Luther King Impact1553 Words   |  7 PagesThe Civil Rights Movement was the unification between all parts of society, the blacks, the whites, the rich, and the poor. There were several attempts by many people and groups to help bring amalgamation and equality for everyone. Martin Luther King was the key person involved in this movement, with no major competition for the overall leadership of the movement from 1957 to the mid 1960s . He attempted to alleviate the sense of crisis that pervaded America during the Civil Rights Era. 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6 Criteria That Strategic Alternative Bundles Should Meet

Question: Explain what elements comprise strategic-alternative bundles and why creating more than a few bundles is extraordinary difficult. Describe the six criteria that strategic-alternative bundles should meet and discuss why it is essential that good bundles have addressed all of the key strategic issues. Answer: Elements of the Strategic Alternative Bundle The strategic alternative bundles help the company to maintain a competitive advantage over the rivals in the market. The management of different business concern adopts different strategic bundling in a bid to acquire wider market space as well as greater share of the market. The basic elements of the bundles are innovative feasible ideas that can help the corporations to expand (Brennan Brennan, 2012). The strategic bundle also has the need for money along with other resources for implementation of different projects. The main elements of the strategic alternative bundles include the focus on price, differentiation, diversification and the adjacent business (Kerin Peterson, 2012). The focus on price refers to different alternative pricing strategy that a company can undertake for the purpose of attainment of the organizational goals. Again, the differentiation strategy that aims at development of different exceptional attributes of a product can entice a consumer in preferring th e products of the company. Again, the diversification is also an important element of the strategy bundle that can be regarded as the risk management technique that in turn combines a wide array of investments within a particular portfolio. Furthermore, the adjacent business refers to the adjacency expansion of a business that can be related to the continual movement of a firm into different associated segments in order to ensure profitability of the concern (Kerin Peterson, 2012). Difficulty in creation of more than a few bundles The creation of more than a few alternative strategy bundles is extraordinarily difficult on account of the large potential number of available strategies. Description of the six criteria that the strategic alternative bundles need to meet The six criteria that the strategic alternative bundle needs to meet are as follows: The strategic alternative bundle needs to describe different elements that have the potential to weaken the internal inefficiencies as well as operational problems, longer period of time to create as well as launch the product (Kerin Peterson, 2012). The strategic alternative bundles also need to elucidate different trends in the market like the purchase of different products by consumers The strategic bundles also need to explicate different elements that are not under the purview of the profitability ratio of the company such as the ACP. Furthermore, the strategic alternative bundles also need to illustrate the potential threats to different firms. For instance, the deficiency of the raw materials or else the shortage of the budget (Kerin Peterson, 2012). Again, the strategic alternative bundles also have the need to illustrate all the elements of the internal as well as external evaluation The strategic alternative bundles also need to explicate different market opportunities available to the corporation such as the congregation of different innovative product for the existing consumers, acquire money through the fall in price Importance of addressing all the key strategic issues by the good bundles The good strategy bundles need to address all the key strategic issues as it can be considered to be very significant for the good bundles in meeting up different strategic requirements of a business concern (Boone, 2012). Moreover, the alternative strategy bundles are essentially generated to resolve different problems of the corporation by including both the interior as well as exterior problems. References Boone, L. (2012).Contemporary marketing, 2013 update. [s.l.]: Cengage learning custom p. Brennan, R. Brennan, R. (2012).Contemporary strategic marketing. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan. Kerin, R. Peterson, R. (2012).Strategic marketing problems. Boston ; Munich [u.a.]: Pearson.