SlideShare a Scribd company logo
1 of 5
Business culture:
This is the main shopping place. Here all stores are as old as
hundred years old. All stores are of the same size crowded
with merchandise and the interior decoration are same. The
arrangements of merchandise are functional and according
to prices.

Here every business is family owned. It is handed down from
one generation to another generation. New generation has to
adapt to new situation, formulate new strategy and face
challenges of their time. They all have a loyal customer
following which shop there generation after generation!
Attitude:

       The family business creates the atmosphere of comfort
and bonding between the owners and customers . Here
customers will regard the owner of the store as a fair person
and I would say the store keeper has no incentive to change
the way he does business.
This store is of electronic appliances. You can see N is missing in the sign board. But the owner of this store is not
bothered about it.
The door of this store is open. He has very thoughtfully made way for customers to walk. You can not walk straight
instead forced to turn right and make you to walk around the whole store and that way you can see all the products he
sells. When you want to buy a blender in future then you will remembered that this store has blenders of different
brands. It is a good strategy.

Another interesting thing I found is he puts the signboards like why to eat healthy and fresh foods on every refrigerator.
Here “FRESH” is the catch word . Indirectly it suggest that their refrigerators keep the food and fruits fresh. Items that
do not sell much like the bread maker, rice maker, and vacuum cleaner are placed in the corner.

One thing I don’t like in this store is that this store has posters and boards all around the shop. Decor was ok.
Atmosphere was noisy but he is very successful. He has a booming business. I think his three strategies work very well.
1: He puts the price tag right in front of the eyes.
2 : The store layout forces you to walk all around the store, whereby you end up noticing everything the store has to
offer. This encourages impulse buying. And well placed signboards on the refrigerator
3 : They give product demonstration, arrange cooking classes using their microwave ovens and most importantly, they
provide good service.
A spectacle store:

The owner has two stores. One is the main shopping area and another one is
   in the posh area in the city. His strategy is that the all shop will keep his all
   customers as well as middle class customers. Here the prices of specs
   affordable. Here people can bargain the prices.

And the new shops in the posh area cultivated exclusively rich customers.
  Here he sales branded specs. The price ranges is from 5000rs. To
  100000rs. Here bargaining is not allowed.
Cosmetic Store
Attitude:

All of this businessmen have common attitude. They are customer friendly. They allowed the customer
     to bargain. But at the end the owner wins by reducing negligible amount. That way it is win win
     situation on both sides. The atmosphere of these shops are homely.

Attitude of customers:

If in the cloths and cosmetics stores the customers are mainly females in group. The shop catering to
      expensive items are visited in pairs. Customers have the habit of bargaining and compare the
      prices.

Once they step in stores they are an easy bait for the sales man .Their body language give them away.
 Here the homely atmosphere , polite sales man allow customers to touch the goods even encourage
     them to touch the materials , and helping nature draw the customers. So the owner of the stores
     does not invest much money on decoration.
Insight
According to me over ambitious businessman do not always do well. Take business in your stride and
     reap the fruits of hard labor and not forgetting the sharing 10 % to 20% of your earning with the
     underprivileged.

More Related Content

What's hot

My assignment
My assignmentMy assignment
My assignmentessam230
 
Observation Lab - Crash Course on Creativity
Observation Lab - Crash Course on CreativityObservation Lab - Crash Course on Creativity
Observation Lab - Crash Course on CreativityShruti Chopra
 
The stores
The storesThe stores
The storesNatalyOK
 
Final
FinalFinal
Finalkk
 
Persentation Of Vijay pal(BLSIE)Retail Management
Persentation Of Vijay pal(BLSIE)Retail ManagementPersentation Of Vijay pal(BLSIE)Retail Management
Persentation Of Vijay pal(BLSIE)Retail Managementvijayroks01
 
Generate revenue by ageing invertories
Generate revenue by ageing invertoriesGenerate revenue by ageing invertories
Generate revenue by ageing invertoriesAmit Saraswat
 
Presentation1
Presentation1Presentation1
Presentation1KKJENA
 
Communication in retail stores
Communication in retail storesCommunication in retail stores
Communication in retail storesesadams_adams
 
Business Comparison (EPC July 2015)
Business Comparison (EPC July 2015)Business Comparison (EPC July 2015)
Business Comparison (EPC July 2015)Atiqah Ghazali
 
Presentation1
Presentation1Presentation1
Presentation1Nasamo Mo
 
Channel of distribution
Channel of distributionChannel of distribution
Channel of distributionAKSHAY KASAMBE
 
Reliance Trends SIP Presentation #santosh
Reliance Trends SIP Presentation #santoshReliance Trends SIP Presentation #santosh
Reliance Trends SIP Presentation #santoshSantosh Parida
 

What's hot (16)

My assignment
My assignmentMy assignment
My assignment
 
1 2
1 21 2
1 2
 
Observation Lab - Crash Course on Creativity
Observation Lab - Crash Course on CreativityObservation Lab - Crash Course on Creativity
Observation Lab - Crash Course on Creativity
 
Assignment 1
Assignment 1Assignment 1
Assignment 1
 
Sales promotion
Sales promotionSales promotion
Sales promotion
 
The stores
The storesThe stores
The stores
 
Final
FinalFinal
Final
 
Persentation Of Vijay pal(BLSIE)Retail Management
Persentation Of Vijay pal(BLSIE)Retail ManagementPersentation Of Vijay pal(BLSIE)Retail Management
Persentation Of Vijay pal(BLSIE)Retail Management
 
Generate revenue by ageing invertories
Generate revenue by ageing invertoriesGenerate revenue by ageing invertories
Generate revenue by ageing invertories
 
Presentation1
Presentation1Presentation1
Presentation1
 
Communication in retail stores
Communication in retail storesCommunication in retail stores
Communication in retail stores
 
Business Comparison (EPC July 2015)
Business Comparison (EPC July 2015)Business Comparison (EPC July 2015)
Business Comparison (EPC July 2015)
 
Paying attention
Paying attentionPaying attention
Paying attention
 
Presentation1
Presentation1Presentation1
Presentation1
 
Channel of distribution
Channel of distributionChannel of distribution
Channel of distribution
 
Reliance Trends SIP Presentation #santosh
Reliance Trends SIP Presentation #santoshReliance Trends SIP Presentation #santosh
Reliance Trends SIP Presentation #santosh
 

Viewers also liked

Shefali observations
Shefali observationsShefali observations
Shefali observationsyashefali
 
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLO
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLOEXPOSICIÓN FOTOS ANTIGAS DO CONCELLO
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLOleotodinhoceipogrupo
 
AllSight - 6 Slides (Platform Overview)
AllSight - 6 Slides (Platform Overview)AllSight - 6 Slides (Platform Overview)
AllSight - 6 Slides (Platform Overview)Michael Harris
 
Biomes of north america all
Biomes of north america allBiomes of north america all
Biomes of north america allyashefali
 
InfoTrellis Allsight "Customer Intelligence Management" Overview
InfoTrellis Allsight "Customer Intelligence Management" OverviewInfoTrellis Allsight "Customer Intelligence Management" Overview
InfoTrellis Allsight "Customer Intelligence Management" OverviewMichael Harris
 
Los Angeles Film School 2nd Annual Summit
Los Angeles Film School 2nd Annual SummitLos Angeles Film School 2nd Annual Summit
Los Angeles Film School 2nd Annual SummitMario J. Novoa
 
InfoTrellis Consulting & Professional Services Overview
InfoTrellis Consulting & Professional Services OverviewInfoTrellis Consulting & Professional Services Overview
InfoTrellis Consulting & Professional Services OverviewMichael Harris
 
InfoTrellis Allsight - 'Customer Intelligence Management' Overview
InfoTrellis Allsight - 'Customer Intelligence Management' OverviewInfoTrellis Allsight - 'Customer Intelligence Management' Overview
InfoTrellis Allsight - 'Customer Intelligence Management' OverviewMichael Harris
 

Viewers also liked (12)

Observation
ObservationObservation
Observation
 
Shefali observations
Shefali observationsShefali observations
Shefali observations
 
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLO
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLOEXPOSICIÓN FOTOS ANTIGAS DO CONCELLO
EXPOSICIÓN FOTOS ANTIGAS DO CONCELLO
 
Broadcast News Lecture on Leads
Broadcast News Lecture on LeadsBroadcast News Lecture on Leads
Broadcast News Lecture on Leads
 
AllSight - 6 Slides (Platform Overview)
AllSight - 6 Slides (Platform Overview)AllSight - 6 Slides (Platform Overview)
AllSight - 6 Slides (Platform Overview)
 
City College
City CollegeCity College
City College
 
Biomes of north america all
Biomes of north america allBiomes of north america all
Biomes of north america all
 
InfoTrellis Corporate
InfoTrellis CorporateInfoTrellis Corporate
InfoTrellis Corporate
 
InfoTrellis Allsight "Customer Intelligence Management" Overview
InfoTrellis Allsight "Customer Intelligence Management" OverviewInfoTrellis Allsight "Customer Intelligence Management" Overview
InfoTrellis Allsight "Customer Intelligence Management" Overview
 
Los Angeles Film School 2nd Annual Summit
Los Angeles Film School 2nd Annual SummitLos Angeles Film School 2nd Annual Summit
Los Angeles Film School 2nd Annual Summit
 
InfoTrellis Consulting & Professional Services Overview
InfoTrellis Consulting & Professional Services OverviewInfoTrellis Consulting & Professional Services Overview
InfoTrellis Consulting & Professional Services Overview
 
InfoTrellis Allsight - 'Customer Intelligence Management' Overview
InfoTrellis Allsight - 'Customer Intelligence Management' OverviewInfoTrellis Allsight - 'Customer Intelligence Management' Overview
InfoTrellis Allsight - 'Customer Intelligence Management' Overview
 

Similar to Family-owned stores in old shopping area

Module v retail mgt
Module v retail mgtModule v retail mgt
Module v retail mgtAkash Molla
 
Retail management Project By Karishma Sharma
Retail management Project By Karishma SharmaRetail management Project By Karishma Sharma
Retail management Project By Karishma Sharmakarishmasharma76
 
My assignment
My assignmentMy assignment
My assignmentessam230
 
Retail Essentials Rajnish Kumar ITC
Retail Essentials Rajnish Kumar ITC Retail Essentials Rajnish Kumar ITC
Retail Essentials Rajnish Kumar ITC rajnish kumar
 
TLE-6-ENTREP_ICT_Q3_W1_D1.pptx
TLE-6-ENTREP_ICT_Q3_W1_D1.pptxTLE-6-ENTREP_ICT_Q3_W1_D1.pptx
TLE-6-ENTREP_ICT_Q3_W1_D1.pptxAffieImb
 
Consumer perception about the brand
Consumer perception about the brandConsumer perception about the brand
Consumer perception about the brandHardev Singh
 
Creativity01 (1)
Creativity01 (1)Creativity01 (1)
Creativity01 (1)Annie Adom
 
Creativity01 (1)
Creativity01 (1)Creativity01 (1)
Creativity01 (1)Annie Adom
 
Final dissertation paper vishal paul 20152032_ibm 2015
Final dissertation paper vishal paul 20152032_ibm 2015Final dissertation paper vishal paul 20152032_ibm 2015
Final dissertation paper vishal paul 20152032_ibm 2015Vishal Paul
 
Assignment 2
Assignment 2Assignment 2
Assignment 2uiouioui
 
Thoughtful Shopping Expirence
Thoughtful Shopping ExpirenceThoughtful Shopping Expirence
Thoughtful Shopping Expirencesmmike
 
Food oriented store based retail
Food oriented store based retail Food oriented store based retail
Food oriented store based retail Gaurav Singh
 
Crash course on creativity [attention assignemt] ai diso
Crash course on creativity [attention assignemt] ai disoCrash course on creativity [attention assignemt] ai diso
Crash course on creativity [attention assignemt] ai disoAuwalu Diso
 
strengthening look and feel of indian wear section & resolving key barriers t...
strengthening look and feel of indian wear section & resolving key barriers t...strengthening look and feel of indian wear section & resolving key barriers t...
strengthening look and feel of indian wear section & resolving key barriers t...Biki Patro
 

Similar to Family-owned stores in old shopping area (20)

Presentation5
Presentation5Presentation5
Presentation5
 
Presentation5
Presentation5Presentation5
Presentation5
 
Presentation5
Presentation5Presentation5
Presentation5
 
Presentation5
Presentation5Presentation5
Presentation5
 
Presentation5
Presentation5Presentation5
Presentation5
 
Retail Management
Retail ManagementRetail Management
Retail Management
 
Module v retail mgt
Module v retail mgtModule v retail mgt
Module v retail mgt
 
Retail management Project By Karishma Sharma
Retail management Project By Karishma SharmaRetail management Project By Karishma Sharma
Retail management Project By Karishma Sharma
 
My assignment
My assignmentMy assignment
My assignment
 
Retail Essentials Rajnish Kumar ITC
Retail Essentials Rajnish Kumar ITC Retail Essentials Rajnish Kumar ITC
Retail Essentials Rajnish Kumar ITC
 
TLE-6-ENTREP_ICT_Q3_W1_D1.pptx
TLE-6-ENTREP_ICT_Q3_W1_D1.pptxTLE-6-ENTREP_ICT_Q3_W1_D1.pptx
TLE-6-ENTREP_ICT_Q3_W1_D1.pptx
 
Consumer perception about the brand
Consumer perception about the brandConsumer perception about the brand
Consumer perception about the brand
 
Creativity01 (1)
Creativity01 (1)Creativity01 (1)
Creativity01 (1)
 
Creativity01 (1)
Creativity01 (1)Creativity01 (1)
Creativity01 (1)
 
Final dissertation paper vishal paul 20152032_ibm 2015
Final dissertation paper vishal paul 20152032_ibm 2015Final dissertation paper vishal paul 20152032_ibm 2015
Final dissertation paper vishal paul 20152032_ibm 2015
 
Assignment 2
Assignment 2Assignment 2
Assignment 2
 
Thoughtful Shopping Expirence
Thoughtful Shopping ExpirenceThoughtful Shopping Expirence
Thoughtful Shopping Expirence
 
Food oriented store based retail
Food oriented store based retail Food oriented store based retail
Food oriented store based retail
 
Crash course on creativity [attention assignemt] ai diso
Crash course on creativity [attention assignemt] ai disoCrash course on creativity [attention assignemt] ai diso
Crash course on creativity [attention assignemt] ai diso
 
strengthening look and feel of indian wear section & resolving key barriers t...
strengthening look and feel of indian wear section & resolving key barriers t...strengthening look and feel of indian wear section & resolving key barriers t...
strengthening look and feel of indian wear section & resolving key barriers t...
 

Family-owned stores in old shopping area

  • 1. Business culture: This is the main shopping place. Here all stores are as old as hundred years old. All stores are of the same size crowded with merchandise and the interior decoration are same. The arrangements of merchandise are functional and according to prices. Here every business is family owned. It is handed down from one generation to another generation. New generation has to adapt to new situation, formulate new strategy and face challenges of their time. They all have a loyal customer following which shop there generation after generation!
  • 2. Attitude: The family business creates the atmosphere of comfort and bonding between the owners and customers . Here customers will regard the owner of the store as a fair person and I would say the store keeper has no incentive to change the way he does business.
  • 3. This store is of electronic appliances. You can see N is missing in the sign board. But the owner of this store is not bothered about it. The door of this store is open. He has very thoughtfully made way for customers to walk. You can not walk straight instead forced to turn right and make you to walk around the whole store and that way you can see all the products he sells. When you want to buy a blender in future then you will remembered that this store has blenders of different brands. It is a good strategy. Another interesting thing I found is he puts the signboards like why to eat healthy and fresh foods on every refrigerator. Here “FRESH” is the catch word . Indirectly it suggest that their refrigerators keep the food and fruits fresh. Items that do not sell much like the bread maker, rice maker, and vacuum cleaner are placed in the corner. One thing I don’t like in this store is that this store has posters and boards all around the shop. Decor was ok. Atmosphere was noisy but he is very successful. He has a booming business. I think his three strategies work very well. 1: He puts the price tag right in front of the eyes. 2 : The store layout forces you to walk all around the store, whereby you end up noticing everything the store has to offer. This encourages impulse buying. And well placed signboards on the refrigerator 3 : They give product demonstration, arrange cooking classes using their microwave ovens and most importantly, they provide good service.
  • 4. A spectacle store: The owner has two stores. One is the main shopping area and another one is in the posh area in the city. His strategy is that the all shop will keep his all customers as well as middle class customers. Here the prices of specs affordable. Here people can bargain the prices. And the new shops in the posh area cultivated exclusively rich customers. Here he sales branded specs. The price ranges is from 5000rs. To 100000rs. Here bargaining is not allowed.
  • 5. Cosmetic Store Attitude: All of this businessmen have common attitude. They are customer friendly. They allowed the customer to bargain. But at the end the owner wins by reducing negligible amount. That way it is win win situation on both sides. The atmosphere of these shops are homely. Attitude of customers: If in the cloths and cosmetics stores the customers are mainly females in group. The shop catering to expensive items are visited in pairs. Customers have the habit of bargaining and compare the prices. Once they step in stores they are an easy bait for the sales man .Their body language give them away. Here the homely atmosphere , polite sales man allow customers to touch the goods even encourage them to touch the materials , and helping nature draw the customers. So the owner of the stores does not invest much money on decoration. Insight According to me over ambitious businessman do not always do well. Take business in your stride and reap the fruits of hard labor and not forgetting the sharing 10 % to 20% of your earning with the underprivileged.