Macro Economics Case Study Analysis Save Mart Supermarket
Hence, it is vital to understanding the goal of business with the objective of analyzing the environmental component that impacts on their performance. The state of the environment where the business carries its operations in high levels of dynamism, and for the desire of yearning for success, it is advisable for a critical evaluation of the state of the national scope of environment where businesses carry their operations (De Castro, Susanna and Garry 76). The national serving government can affect the business performance of the fiscal and monetary types of policies from the government and the desired governing authorities. Business performance may have better evaluation through evaluation of the behavior type as implemented in the reflection of the external conditions of the environment.
The instance, in this case, may have an evaluation through analysis of the effects of the structures of the market in the determination of the pricing and output based decisions plus also ways whereby the cultural form of environmental impacts on the performance of the business (De Castro, Susanna and Garry 81). People receive treatment based on perspectives where they seek to be and also to assist a million numbers of people through the establishment of opportunities for them in a positive manner. In overall, the role played by Save Mart is presented and often results in the satisfaction of very may customers via wide ranges of business, product and services as well. In overall, the purpose that Save Mart serves as noted is primarily the satisfaction of its esteemed customers via many products and services.
Also, the firm strives at satisfying the needs of the community it serves in a manner that is positive. Meeting Objectives of Different Stakeholders: An organization is endowed with various stakeholders, and they vividly get affected by the performance registered in the organization. Based on these perspectives, Save Mart can fulfill its customers' and employees' objectives. Responsibilities of Tesco and Strategies Employed: By being one of the biggest supermarket stores, Save Mart has the duty of efficient fulfillment of the expectations and the needs of its respective customers for wide varieties of grocery based services and products. The instance, in this case, is not just about the satisfaction of the customers' needs but similarly fulfilling the needs of the community and the society as a whole (Farnham 34).
An evaluation of Save Mart reveals that the firm has identified strategies that it uses in fulfilling the needs and the requirements of each customer and the community as well. For example, there is high responsibility towards the customers for goods and services with high quality that originates from the firms' stores as outlets and also via the online platforms where the firm has done a listing of its products and services on the website it runs. Impact of Fiscal and Monetary Policy Both fiscal and monetary policies are essential components where the management of the whole economy is carried out by the reigning government. Also, they are crucial external types of environmental factors that impact directly on the firm’s performance.
In the case of Save Mart, an evaluation reveals that the operation of the company is affected directly by the conditions within the external environment as the monetary and fiscal policy (Shi et al. The government of the US utilizes the fiscal policy in the form of policy of taxation and spending as a way of managing the country’s economy in the desired direction. Fiscal policy, for instance, is used in the creation of employment opportunities that at the end leads to the decrement in the whole expenditure levels on the side of the consumers. E. Butt Grocery Company, Whole Foods Market, Giant Eagle and Hy-Vee. The players identified here are the renowned retailers carrying out their operations in the US and each of them presents notable competition level with one another.
In the case of Save Mart, an analysis shows that the firm has registered remarkable steps towards investment levels in the retails store section (Meyer and Mike 11). Eventually, this has led to major cost being met by it. About the US retail market, the analysis shows that the market structure of the country's retails is indeed very competitive (Meyer and Mike 17). The instance, in this case, can be seen from the presence of very many players in the market that include Save Mart itself, The Kroger Company, Investors Information for Safeway (SWY), SuperValu, Publix,. E. Butt Grocery Company, Whole Foods Market, Giant Eagle, and Hy-Vee. The players here ensure the increment in the creation of a competitive type of environment condition and consequently leading to the services and product prices being established based on the factor of competition as the prevalent about all the players in the industry.
These conditions are considered as very sensitive because of the global-based conditions that affect the levels of operations of any business venture. Save Mart suffers adversely on its performance conditions as it seeks to recoup from them. For example, the company has emerged as the biggest retailer in the US and this status is realized by adhering to the certain culture within the organization all the time (Schaltegger and Marcus 67). However, changes in the external environment have led to such cases successful cultural conditions being of no significance and also relying on the same culture that stands for no benefit to the organization. The preference by a customer on the consumption of grocery has had major changes since most of them love transacting online.
Economics for managers. Pearson, 2014. Läsiluoto, Aapo. Economic and competitive environment analysis in the formulation of strategy: a decision-oriented study utilizing self-organizing maps. Turun kauppakorkeakoulun julkaisuja. Managing the business case for sustainability: The integration of social, environmental and economic performance. Routledge, 2017. Shi, Yuying, et al. The impact of retail format diversification on retailers’ financial performance. Journal of the Academy of Marketing Science (2017): 1-21.
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