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The specific environment of JB Hi-Fi
History
The specific environment of JB Hi-Fi
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INTRODUCTION
Organisation’s History
JB Hi-fi is one of the most successful Australian and New Zealand retailers of consumer goods, which sells Video games, Ultra HD Blu-rays, Blu-rays, DVDs, CDs, electronics/hardware, electrical home appliances, mobile phones and so many Telstra services as well. The company has its Head office at Chadstone Shopping centre in Melbourne. It has 184 stores in the different states of Australia and most of them are in South-East Australia and also 15 stores operating in New Zealand as of 7 June,2016.
JB Hi-fi was started by John Barbuto in 1974 in one of the suburbs of Melbourne named as Keilor East. Barbuto had one simple philosophy to deliver a specialist range of Hi-Fi and recorded music at Australia's lowest
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prices. In 1983 the business was purchased by Richard David Rodd, and Peter Caserta and then they expanded this business into a chain of ten stores in Melbourne and Sydney which turned over $150 million by 2000. In July 2000 JB Hi-fi was purchased by private equity bankers and senior management with the aim of taking this successful model at national level. In October 2003, JB Hi-Fi was listed in the Australian Stock Exchange. And now, maintaining Barbuto's original philosophy what he wished to make this company JB Hi-fi is one of Australasia's fastest growing and largest retailer of home entertainment. Current Size and Market of JB Hi-Fi (Products and Services) The company provides different brands of Computers, Tablets, TVs, Cameras, Hi-Fi, Speakers, Car Sound, Home Theatre, Portable Audio and stacks more.
JB Hi-Fi is also the largest of games, recorded music, DVD music + Blu-Ray, movies and TV shows, all at cheap prices. Everything offered is available in stores as well as online which also adds up a helpful and attractive feature for the customers. They provide all the world’s leading best brands, huge range, cheapest prices, convenient locations, but most importantly genuine personal service from their well experienced and specialist staff.
The Group which includes both the JB Hi-Fi and The Good Guys businesses, sells a range of products such as electronics including computers, televisions, so many audio and video equipment, cameras etc. Even they offer telecommunication products and information technology services to their large group of consumers. It holds a significant market share for many of its products. The company has really achieved an appreciable growth rate which is the result of the combination of good services and products provided by both the companies specially for the period 28 November 2016 to 30 June
2017 Strategies of the organisation The company uses a strategical approach to raise its sales and to earn more profits which includes proactive management, continued technological innovation, improvement of websites to raise online sales and enhancing the users experience, focusing on expansion of product range and experience of customer services and in-store experiences. These all policies and strategies are really the secrets behind the accomplishment of high growth rate of this company. https://www.jbhifi.com.au/Documents/Appendix%204E%20and%20Financial%20Report%20-%202017%20Full%20Year.pdf https://en.wikipedia.org/wiki/JB_Hi-Fi
Jones Apparel Group’s recognized brands include: Jones New York, Polo Jeans Company, Nine West, Napier, and costume jewelry licensed under the Tommy Hilfiger brand. Jones aims to gain stability in the apparel industry as well as retail markets through building “complete lifestyle brands serving a wide breadth of consumers in a wide range of income levels and shopping destination preferences.” (PR Newswire, 2/7/01).
In a competitive environment where market is changing instantly, organizations are in a fix to design a strategy that could market their products enticing the consumers to buy their products and services. Market is the arena for business gladiators who fight out for maximum share and profitability and this is possible only through effective marketing strategy. Competing in present economy means finding ways to break out of commodity status to meet customers’ needs better than competing firms (Ferrell and Hartline, 2010). The intensity of competition has increased after the introduction of media and internet where the companies present their product in the best way through advertisements, product reviews, blog entries, etc. With the advancement in technological innovations, companies have found various ways of providing services to the consumers in a cheaper and effective way and this has resulted in communication revolution in late 1990’s as the cellular technology was unfold in most of the regions. Singtel Optus Pty Limited (Optus) is one such company that has evolved during this period as a leader in integrated communications and this paper is assumed to make an analysis of the company’s marketing strategy and its financial position in the market industry.
As an American multinational, Johnson & Johnson (J&J) is a manufacturer dealing with pharmaceuticals, medical devices and consumer packaged goods. These products have since become household names and have been trusted by consumers at a global level. Having being founded in 1886 and its incorporation in 1887, the company has had a good track record from the time when it was still a private company to when it started trading publicly.
J.C. Penney Corporation, Inc., American Retail founded in 1902 by James Cash Penney and today got in to in marketing apparel, house materials, jewelry, cosmetics, and cookware. He started selling his products in old western towns because that’s where he knew he could make more money. The company was called J.C. Penney Stores Company from 1913 to 1924, when it was reincorporated as J.C. Penney Co. Its present name was adopted in 1968. In the early 21st century the company operated roughly 1,000 stores in the United States and Puerto Rico. His
The fashion designer clothing line BCBG stands for bon chic, bon genre. It is a French term that means good style, good attitude. Max Azria founded the line in 1989 and was inspired to bring European sophistication to American fashion. His line has now expanded to shoes, handbags, sunglasses, swimwear, jackets, fragrance, accessories and menswear. The label is high quality, affordable, classic and sophisticated. It is targeted toward women of all ages, shapes and personal styles. He carries everything from chic dresses to casual pants and tops. The ever growing and prosperous BCBG line is expected to be around for many years to come.
JD sports offer a range of goods from men’s jackets to women’s footwear. JD specialises in clothing and footwear and they make clothing for men, women and juniors. Big brands such as Adidas, Nike and Fred Perry sell their goods to JD and then JD sell on the goods to the public. This is a good thing as all of the biggest brands are available o...
JCB gained 80 percent share of the Indian market, but JCB felt that partnership limited its growth opportunities. The laws were relaxed after 2005, which allowed JCB to purchase all of Escorts’ equity and gain full control over the India operations. JCB changed the joint venture into a wholly owned subsidiary. JCB has expanded globally in places such as China and Brazil, and is a major player in their industry.
test whatever it's a bad effect or not. So when it used on humans, we
Progressive claims to be the first to introduce reduced rates to low-risk drivers and places emphasis on comparing rates on the web. Progressive target audience is anyone who wants to insure their assets. Those who wants to protect themselves. Progressive is attempting to show us that we can afford their insurance by selecting their services. They are coming up with promotions and services to reward good drivers and give you the choice to choose which benefits you want so you are only paying for those benefits. The company is has also introduced a personalized snapshot program and a name your price car insurance option. These ideas are promoted through their numerous commercials, where their product is presented by a woman name “Flo”. Flo is relatable to any average working person in the United States. Flo is a cashier and is recognizable by her extreme enthusiasm, name tag, sparkling white no-wrinkles uniform, upbeat personality, heavy makeup, and retro hairstyle. In trying to reach their audience, progressive uses this ideal image of Flo, which makes her character loved and trustworthy. This gains the audience trust, developing credibility for Progressive from the audience.
Royal Jordanian Airlines, R.J (my company) was established in 1963 and is based in Amman, Jordan. The airlines started operations on December, 15, 1963 with a fleet of two Handley Page Dart Heralds and one Super DC-7. In 1966 R.J became a member of the IATA and started expanding its operations. In 1971 Royal Jordanian entered jet age when it acquired two Boeing 707 aircrafts. In 2001, Royal Jordanian was registered as a Public Shareholding Company with a capital of $60 million.
Johnson & Johnson is an American transnational pharmaceuticals company founded in 1886. J&J specializes in medical device production, goods manufacturing, and consumer packaging products. J&J is based in New Brunswick, New Jersey, with a secondary Consumer division based in Skillman, New Jersey. J&J possesses subsidiary companies spanning over two hundred fifty companies functioning throughout the span of fifty seven countries. Johnson & Johnson businesses and sales incorporate over one hundred seventy five countries and produce a whopping sales record of seventy four billion dollars in the year 2014.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
Jet Blue’s target market focuses on a large social group known as the “Middleburbs”, which includes a mix of homeowners and renters as well as high school graduates and college alums. With good jobs and money on hand, the members of Middleburbs tend to have plenty of discretionary income to experience nightlife and casual-dining restaurants, shop at midscale department stores, and travel across the United States and Canada. However, Jet Blue more importantly is focusing in on the segment within the Middleburbs known as the “Blue-Chip Blues”. Blue-Chip Blues is known as a comfortable lifestyle for ethnically-diverse, young, sprawling families with well-paying blue-collar and service jobs. The segment's aging neighborhoods feature compact, modestly
Create UHD VEGOUT 2015. All of the Coordinators Group members participated in the creation of the University of Houston-Downtown’s very first, UHD VEGOUT 2015, event that the two service learning courses collaborated on, to put together. All four of the Coordinators Group members were committed to the overall project. “Committed members work harder, say more, do more…” in a cohesive, and open environment (Yuqing Ren, 2010). Typically, through commitment, participation, cooperativeness, and contributions, the members of the Coordinators Group necessitated a successful event. Through all of their hard-work, dedication, and Groupme, the Coordinators Group members built strong interpersonal connections with one another. The members of the Coordinators Group interacted almost daily, about the event and various personal circumstances that each were
In conclusion, Tingzon need to select new franchisee more cautiously and do not repeat the mistake Jollibee had made in early years. Franchise will reduce the risk and cost for Jollibee but it also need to look after it brand image on franchised outlet. There is a great market opportunity to expand more outlet in Australia.