Michman and Mazze present five key variables that retailing
executives in nine specialty businesses must understand and work
with, to gain and sustain competitive advantage in their
competitive environments. Innovation, target market segmentation,
image development, physical store decor, and human resource
managementf are identified and examined. Authors argue convincingly
from research and practical experience that these fundamental
considerations are crucial to achieving competitive dominance. With
up-to-date analyses and extensive coverage of e-commerce and
internet retailing as well, their book is essential for retailing
executives.
Michman and Mazze find that successful specialty retailers are
not all things to all customers, and do not try to be. They are,
however, the first to apply new technologies. Authors analyze the
development of specialty stores in the U.S. and tie their variables
together in an epilogue. Along the way they make clear that by
focusing on their five critical variables, we can understand how
marketing successes come about and what causes blunders in the nine
highly important store categories under their examination here.
They point out that not all of their variables need be used
concurrently. Some may be more critical than others, and this
depends on environmental and competitive conditions. Backing it all
up is meticulously developed evidence from their research and
personal experience -- all of it presented readably and in a way
that practitioners can understand and immediately apply.
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