Essay on Macys Business Plan - 4464 Words

Situational Analysis Reaching its 150th birthday in 2008, Macy’s Inc. has emerged as an American household icon over the past few decades. Macy’s sells a range of merchandise, including men’s, women’s, and children’s apparel, accessories, cosmetics, home furnishings, and other consumer goods. Since its merger with Federated Department Stores in 1994 and May Department stores in 1995, Macy’s has been pursuing ways to be more creative and distinctive in meeting customer needs and in delivering exceptional values. In order to maintain its share of the department store market, Macy’s has been aggressively investing in a distinguished shopping experience with unique merchandise, exclusive fashion brands, online sites, and breakthrough†¦show more content†¦In a fast-paced retail environment, Macy’s can offer the latest needs that everyone has to own, while simultaneously providing goods that very few can Immense changes in consumer spending will remain subdued for the next few quarters, and that will lead to retailers’ earnings estimates declining for the next several months. Several retail chains will be forced out of business in 2009 by their own debt structure and the global credit crunch. There are also many retail stores that will close storefronts in 2009 because a recessed economy demands a recessed retail industry. There were 200,000 store closings that have occurred in the first quarter of 2009. The post-holiday season fallout was substantial for retailing, but not completely devastating. Retailers have become forced to tighten their budgets and cut down on expenses until the economy improves. In 2008, Macy’s enlisted Dunnhumby, the consumer insight company, to analyze its sales data with a view to increasing turnover and customer loyalty, develop customer segmentation models to accelerate future sales growth at the department store chain. The tie-up could enh ance the existing loyalty scheme at Macys. Targeted Segments Demographic. Macy’s initial target market consisted of middle to upper class working women and men aged 25 to 54. This segment is consumption oriented,Show MoreRelatedMacy s International Retail Strategy Essay844 Words   |  4 PagesMacy’s International Retail Strategy There are many opportunities available for companies willing to venture into new, international markets. Reaching more customers and therefore, turning a larger profit are two fairly obvious reasons for companies to consider global expansion. However, the potential benefits do no end there. Expanding to international markets can hold less obvious, yet extremely beneficial appeals such as access to new and different talent pools, grander output requires greatRead MoreMacys Company Analysis1622 Words   |  7 PagesMacy’s IS Strategic Planning Brief History Macy’s was founded by Rowland Hussey Macy in 1858 in New York City. Macys stores target the middle-to-higher-priced market, offering womens, mens, and childrens clothing and accessories, housewares, home furnishings, and furniture. After its merger with Federated Department Stores, the company became the largest department store company, operating more than 850 department stores across the US. The company primarily operates in the US. Macys is headquarteredRead MoreHuman Resource Management : Macy s1392 Words   |  6 PagesMacy’s is a nationwide department store offering housewares, apparel, jewelry, and beauty products. Macy’s is one of the oldest retail companies in the United States, but our mission statement proves that we have a modern and relevant mission for the future. Our goal is to be a retailer with the ability to see opportunity on the horizon and have a clear path for capitalizing on it. To do so, we are moving faster than ever before, employing more technology and concentrating our resources on thoseRead MoreGSCM588 Major Paper Outline Carlton654 Words   |  3 Pagesquality is maintained. Macy’s Incorporated. Rowland Hussey Macy’s determination and ingenuity paid off at the age of 36 with the launch of R.H. Macy Co. He adopted a red star as his symbol of success, dating back to his days as a sailor. First-day sales totaled $11.06 but by the end of the first full year, sales grossed almost $90,000. By 1877, R.H. Macy Co. had become a full-fledged department store occupying the ground space of 11 adjacent buildings. Macy’s entered 2005 with about 240Read MoreThe Importance of HRM in an Organization1798 Words   |  7 Pagessubsequent plan that follows, Macys Inc. will be in better position in which to effectively do so. Company Description To begin, Macys is privileged to have a sustainable competitive advantage in regards to distribution and brand awareness. Macys Inc. is one of the nations largest and well known department store chains. Started over 150 years ago, Macys has continually been at the cutting edge of fashion trends and consumer demand. Currently, in the midst of a global recession, Macys has generatedRead MoreOperations Management : Operation Management Essay1480 Words   |  6 Pages INTRODUCTION Operations management is the organizing and controlling of the fundamental business activity of providing goods and services to customers (Encarta, 2005). Depending on the type of industry will determine the type of operations management will be focussing on providing a service or products. An organization has three basic functions, such as: finance, marketing, and operations. Since the operations is one of the three basic functions of an organization it has a large impact in industriesRead MoreMacys Inventory Management1701 Words   |  7 PagesMacy’s Inventory Management Summery: Tying up too much capital in products that are not in demand could be a fatal mistake for struggling small businesses. Moreover, Inventory management can mean the difference between success and failure for some companies. According to the New York Times article, Macy’s was able to post a profit last quarter thanks in large part to improvements it made to its inventory management system. In spite of the unstable economic conditions and the huge competitionRead MoreMacy s A Red Star As A Symbol Of Success For The New York City Essay1063 Words   |  5 PagesMost Americans are familiar with Macy’s because it is one of the largest, most well known department stores in America. The department store has been meeting the needs of Americans since 1858 by offering a commodity of mid-range to upscale priced merchandise including: cosmetics, apparel, home dà ©cor, appliances and much more. The store is also famous for sponsoring the Macy’s Thanksgiving Day Parade in New Y ork City since 1924. Macy’s continues to grow due to its success in its affordable qualityRead MoreManagement Functions of Macys1582 Words   |  6 PagesMacys Inc. is one of the nations largest and well known department store chains. Started over 150 years ago, Macys has continually generated excellent returns for its shareholders and employees. Currently, in the midst of a global recession, Macys has generated huge profits with same store sales increasing 5.3% year to date. In 2012 same store sales increased 4.6% in the month of February alone (Macys Inc., 2012). In fact, throughout the duration of 2012, Macys is projecting even larger profitsRead MoreAnalysis Of Macy s Inc.1665 Words   |  7 PagesExamine Expectation At Macy’s Inc. they have a corporate vision and a corporate philosophy. Their corporate vision is â€Å"Macy’s, Inc. is a premier national omni-channel retailer with iconic brands that serve customers through outstanding stores and dynamic online sites. Both Macy’s and Bloomingdale’s are known worldwide, and each has its own unique identity and customer focus.† Their corporate philosophy is as follows, â€Å"Macy’s, Inc. clearly recognizes that the customer is paramount and that all actions

Modeling And Forecasting The Outcomes Of Nba Basketball Games

The main article that went into this research covered nearly multiple methods to figure out an answer, but came out with no conclusion. In the article, Modeling And Forecasting The Outcomes Of NBA Basketball Games, they refer to numerous studies and statistic’s trying to find any strategies to predict the winner of an NBA game. From the beginning, they mention how that they couldn’t find any evidence to support that the Las Vegas markets could be beaten. They show lots of credibility by looking at past studies, as well as looking at the variables that can go into the equation. They mention the injuries, back to back, chemistry, in such. The biggest convince part that they do is looking at studies that based on different strategies. Analytical formulas cannot just count for the stuff that the numbers know about. They look at studies based on different approaches to make sure they don’t miss anything. They couldn’t have been perfect. however, and they say th at in the study. They did mention some flaws they could of missed like â€Å"Furthermore, more detailed information concerning injuries or suspensions of key players can be incorporated into the models for forecasting purposes.† (Manner, Hans. P.16) They also mention the changing of the game. These teams play sports to win. There are different playing styles, and methods that go into winning the game. The study starts in 2004 and ends in 2014. If you watched two NBA games, one being in 2004, and the other being in 2014. It’sShow MoreRelatedProject Mgmt296381 Words   |  1186 PagesKumar, and Chandra, Process Analysis and Improvement, First Edition Simchi-Levi, Kaminsky, and Simchi-Levi, Designing and Managing the Supply Chain: Concepts, Strategies, Case Studies, Third Edition Sterman, Business Dynamics: Systems Thinking and Modeling for Complex World, First Edition Stevenson, Operations Management, 10th Edition Swink, Melnyk, Cooper, and Hartley, Managing Operations Across the Supply Chain, First Edition Thomke, Managing Product and Service Development: Text and Cases, FirstRead MoreDeveloping Management Skills404131 Words   |  1617 PagesConsequence 449 Meaning 449 Trust 450 Review of Empowerment Dimensions 451 How to Develop Empowerment 451 Articulating a Clear Vision and Goals 452 Fostering Personal Mastery Experiences 453 Modeling 454 Providing Support 454 Emotional Arousal 455 Providing Information 456 Providing Resources 457 Connecting to Outcomes 457 Creating Confidence 458 Review of Empowerment Principles 459 Inhibitors to Empowerment 461 Attitudes About Subordinates 462 Personal Insecurities 462 Need for Control 462 DelegatingRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesWorking in Networked Organizations 20 †¢ Helping Employees Balance Work–Life Conflicts 21 †¢ Creating a Positive Work Environment 22 †¢ Improvi ng Ethical Behavior 22 Coming Attractions: Developing an OB Model 23 An Overview 23 †¢ Inputs 24 †¢ Processes 25 †¢ Outcomes 25 Summary and Implications for Managers 30 S A L Self-Assessment Library How Much Do I Know About Organizational Behavior? 4 Myth or Science? â€Å"Most Acts of Workplace Bullying Are Men Attacking Women† 12 An Ethical Choice Can You Learn fromRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 PagesInterpreting and Communicating the Results of Statistical Analyses 61 Activity 2.1 Designing a Sampling Plan 63 Activity 2.2 An Experiment to Test for the Stroop Effect 64 Activity 2.3 McDonald’s and the Next 100 Billion Burgers 64 Activity 2.4 Video Games and Pain Management 65 Graphing Calculator Explorations 69 3 Graphical Methods for Describing Data 75 3.1 Displaying Categorical Data: Comparative Bar Charts and Pie Charts 76 3.2 Displaying Numerical Data: Stem-and-Leaf Displays 87 vii

Nursing research free essay sample

Participants felt as though they were constantly seeking support and all expressed a strong desire for professional education, training and workshops. World health organization 2013 http://www. Who. Nit/topics/mental_health/en/ People tit mental disorders around the world are exposed to a wide range of human rights violations. The stigma they face meaner they are often ostracizes from society and fail to receive the care they requireor in management People with mental disorders may also face discrimination on a daily basis including in the fields of education, employment and housing. Johan Hookah BCarranged † Thereof Urdu † Seven Frits The impact of mental illness on patient satisfaction with the therapeutic relationship A multilevel analytics Psychiatry Psychiatry Epidemiology (2007) 42:803-809 Background The relationship between patients and their clinicians is an essential factor in psychiatric treatment. The purpose of this study was to analyze the influence of psychopathology on patient satisfaction with the therapeutic relationship. We will write a custom essay sample on Nursing research or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Method involved collection of data from 969 patients. Patients satisfaction with therapeutic relationship was assessed with a six-item scale: sufficient time for contact/dialogue, clinicians ability to listen and understand, follow-up of planned interventions, respect for patients views/opinions, cooperation among clinicians, and patients influence on treatment. Mental illness was assessed using the Health of the Nation Outcome Scales (HONOR) and Global Assessment of Functioning (GAFF) scale. Diagnoses were established using the International Statistical Classification of Diseases and Related Health Problems”10th revision (ICED-II). Treatment outcomes were clinically assessed retrospectively by rating changes from start of treatment on seven items. Multilevel regression analysis was used for a simultaneous analysis of Patients perceptions of the therapeutic relationship may be influenced by psychopathology. Teams comprising many patients with severe mental illness may constrain the therapeutic relationship. Hence, resources and organizational measures should be carefully considered in such care units. Because response rates in surveys of patient satisfaction with psychiatric services are usually low, results cannot be unequivocally claimed to be representative of all patients [12, 28]. Although it seems that patients with more severe mental illnesses less likely to participate in patient satisfaction surveys [1 2], the possible consequences of low response rates are not fully understood. The following study attempts to overcome the previous limitations of research reported in the literature by analyzing the influence of psychopathology on patient satisfaction with the therapeutic relationship. Data was collected from 8 community mental health centers which operate operate as local psychiatric hospitals, offering outpatient, day treatment, ambulatory care and limited inpatient services, such as short-term crisis intervention units and longer-term rehabilitation units. All patients receiving treatment during the census period were asked to complete a questionnaire. Clinician-rated information was collected on all patients and could be linked to the patient questionnaire if patients had given their consent to the linkage. Of the 3,040 patients, 1,194 (39%) returned the questionnaire. We were able to link 969 of the 1,194 to the clinical data, as some patients had not given consent to such linkage. This study showed that patient satisfaction with the therapeutic relationship was related to clinical assessment of mental illness, both due to each patients psychopathology as well as to the composition of mental illness severity in each team. A study by Johan et al (2007) takes a different perspective by analyzing the influence of psychopathology on patient satisfaction with the therapeutic relationship. Data was collected from 3,040 patients and only 1,194 (39%) returned the questionnaire. Patients satisfaction was assessed using a six-item scale and the patients level of mental illness was then assessed using the Health of the Nation Outcome Scales (HONOR) and Global Assessment of Functioning (GAFF) scale. For instance, it is likely that the patients mood would be affected by the severity of their illness; hence, to mom extent, experiences could be colored by the mental illness itself. The results of this study indicate that patients degree of mental illness has an effect on their satisfaction of the therapeutic relationship. These results were to be expected as patients moods are likely to be affected by the severity of their illness. The results of this study however are limited because of low response rates (only 39% of mental health patients responded) Johan et al 2007). Low response rates have long been indicated as a common problem in mental health user surveys (Ruggeri 1996).

Stress Essay Example For Students

Stress Essay The purpose of this paper is to define stress and how it effects the bodys physiological systems. This paper will include the normal functions and organs involved in the following five physiological systems, cardiovascular, gastrointestinal, respiratory, immune and musculoskeletal. This paper will also include a description of a chronic illness associated with each physiological system and how the illness is affected by stress. Stress means different things to different people and stress effects people in different ways. Some people think stress is something that happens to them such as an injury or a promotion and others think that stress is stress is what happens to our mind, body and behaviors in response to an event. While stress does involve events and how one responds to them these are not the critical factors, but our thoughts about the situation in which we are involved are the critical factors. Essentially, stress exists whenever homeostasis is disturbed or cannot be maintained (Stress and the Social System Course Guide, 1993). Homeostasis refers to the bodys ability to keep the internal chemical and physical environments constant. As your body begins to react to stress several changes occur. These changes include increased heart rate, blood pressure and secretion of stimulatory hormones. Ones body prepares itself in stressful situations to either stand ground and fight or to flee from the situatio n. Walter Cannon called this stressful reaction the fight-or-flight response (Greenberg, 1999). There are different ways in which one can experience stress and it is important to remember that stress is an essential part of life. Not all stressful situations are negative. Receiving a promotion at work, the birth of a child or taking a trip can all be stressful but are not threatening. The reason why one may see these situations as stressful is because they may feel unprepared to deal with them. To eliminate confusion and misuse of words Hans Selye gave names to the different types of stress one may experience, he described damaging or unpleasant experiences as distress and pleasurable or satisfying experiences are called eustress (Rice, 1999). The next part of this paper will consist of information describing the organs and the normal functions involved in five of the physiological systems in the human body. It will also include one illness associated with each system and how that i llness is affected by stress. They five physiological systems are:1. Cardiovascular SystemThe cardiovascular system consists of the heart and blood vessels. The heart pumps blood and the blood vessels channel and deliver it throughout the body. The bloods work is done when it gives up what the cells need and takes away the waste products they do not need. Arteries carry blood filled with nutrients away from the heart to all parts of the body. Arteries are thick-walled tubes with a circular covering of elastic fiber, which contain muscle that absorbs pressure of a heart beat and slows blood down. The system works continuously through a network of veins and arteries to ensure that oxygenated blood, needed for all vital functions, is distributed to organs and muscles (The American Medical Womens Association Guide to Cardiovascular Health, 1997). Coronary heart disease is the major cause of cardiovascular disease, which is the number one cause of death in both men and women (The America n Medical Womens Association Guide to Cardiovascular Health, 1997).Coronary heart disease refers to the presence of atherosclerosis in the coronary arteries that supply blood to the tissue of the heart, including its musculature and nervous system (Stress and the Social System Course Guide, 1993). Atherosclerosis is a condition that causes blood supply to be limited, which causes a buildup in the lining of the arteries that, narrows their openings. Two cardiologists, Meyer Friedman and Ray Rosenman did studies that resulted in the identification of a Type A behavior pattern. Individuals with Type A behavior patterns are, aggressive, competitive, time-urgent, hostile and often found doing things quickly or multiple tasks at once. These are all behaviors that are related to stress. Type A behavior patterns were also disproportionately represented among heart attack patients. A review of the studies has verified that a relationship does exist between Type A stress related behaviors and coronary heart disease (Greenberg, 1999). The physiological mechanisms that appear to lead from chronic stress to coronary heart disease seem to be related to increased serum cholesterol, blood pressure, blood volume and accelerated heart rate. These problems interfere with the normal flow of blood through the coronary vessels of the heart and are related to the effects of emotional stress. Stressed individuals also tend to possess habits that multiply stress on the heart such as smoking cigarettes, overeating throughout the day and lack of participation in a regular exercise program. 2. Gastrointestinal SystemThe gastrointestinal system includes the liver, gall bladder, esophagus, stomach, small intestine and colon. The gastrointestinal system enables the body to digest and absorb nutrients from food, and protects the body from incoming allergens, toxins and metabolic waste products. The gastrointestinal system is the largest immune-reactive system in the body. Functional problems within this system can effect every other organ and system in the body. Macbeth 13 EssayMusculoskeletal SystemThe musculoskeletal system consists of bones, joints, muscles, ligaments and tendons. The human skeleton is the basic foundation of our body structure. It provides ones framework for its shape and size it also provides a portion of the locomotive system. The skeleton, supported by the muscular system, bones and joints is how the body moves and bears weight. The skeletal system also protects ones vital organs such as the brain, the heart and the lungs. The health of bones in the musculoskeletal system is important and they are effected by the amount of stress placed on them. Good muscle tone is needed to stabilize joints. Bones and muscles lose their bulk when they are not used so it is important to exercise and keep active in order to keep your musculoskeletal system healthy (The Musculoskeletal System, 1999). A common problem associated with the musculoskeletal system is temporomandibular joint disorder. The temporomandibular joint (TMJ) is a small joint located in front of the ear where the skull and lower jaw meet. This joint allows the lower jaw to move and function properly. TMJ disorder develops when the smooth operation of this joint is interfered with. Individuals with TMJ disorder may experience a variety of problems. They may complain of earaches, headaches and limited ability to open the mouth. Individuals may also hear grating sounds and feel pain when opening and closing the mouth (The TMJ, 1998). Diagnosing TMJ disorder can be complex and may require different diagnostic procedures. The TMJ disorder is commonly caused by stress.Many patients who complain of TMJ disorder symptoms may just have muscle and joint problems. However, stress often causes increased tension and spasm to occur in the head and lower neck resulting in TMJ syndrome. The reason for this is, tension from st ress can cause people to clench or grind their teeth at night and because it frequently happens while they are sleeping many times they are often unaware that they are doing it. As a result the TMJ is subjected to wear and becomes displaced. In addition TMJ disorder can also be caused by arthritis, and arthritis may also be the result of the body having to deal with too much stress (Course Guide Stress and the Social System, 1993). In conclusion, there is definitely a correlation between the way in which one perceives stressful situations and how serious an illness may become. How one perceives a stressful event and how one reacts to it determines the impact it may have on ones health. The events in an individuals life may be seen as motivating or invigorating, or they may be seen as stressful. When events our perceived as stressful it causes one to respond in a manner that may have negative effects on their physical, mental and social well being. Constant response to stress in a negative manner causes ones health and happiness to suffer. Any illness one may experience is always worsened by the changes a body goes through due to stress.It is very important to understand ones body and the responses it may have towards stress provoking situations. One can live a happier and healthier life by learning how to handle stress more effectively.It is not reasonable for one to think that they can lead a stress free life. However, it is possible to develop strategies to minimize and control the way we perceive stressful situations. After all external events are not stressful but how we perceive them is (Stress and the Social System Course Guide, 1993). BibliographyGreenberg, Jerold S. Comprehensive Stress Management, 6th ed., Dubuque, IA: W. C. Brown 1999. Kitteredge, Mary. The Respiratory System, New York, NY: Chelsea House Publishing, 1989. Nourse, M. D. Your Immune System, New York, NY: Franklin Watts, 1989. Rice, Phillip L.Stress and Health, 3rd ed., New York, NY: Brooks/Cole, 1993. The American Medical Womens Association. Guide to Cardiovascular Health, New York, NY: Dell Publishing, 1997. University of Maryland University College. Course Guide-BEHS 463: Stress and the Social System, College Park, MD: International University Consortium, 1998. Weston, M. D. Know Your Body: The Atlas of Anatomy. Berkeley, CA: Marshall Cavendish Books Limited, 1985Internet SourcesBalta, D. M. D. (1998). The TMJ: How can Such a Small Joint Cause so Much Trouble?, Online. Available: http://www.drbalta.com/tmj.htm 2/12/00. Seattle Education Project. (1993, November). STEP: The Immune System An Overview, Online. Available: http://www.thebody.com/step/immune.html 2/12/00. Byard, Terry ; Favian. (1993). The Musculoskeletal System, Online. Available: http://www.nutritionhighway.com/skeletalsys.html 2/14/00. Words/ Pages : 2,679 / 24