Organizational Knowledge Essay Example | Topics and Well Written Essays - 1750 words

Organizational Knowledge - Essay eventOther than this, in this competitive scenario, the essence of retailing changed adversely and gave rise to a centralized foodstuff situation where the rate of exchanged is extremely high as comp bed to others (Feldman, 2003). In this market, metal coins and paper notes are besides exchanged for other goods which enhanced the scope and expiration of retailing to a high extent in the recent decades. Side by side, introduction of online stores also enhanced the range of total gross sales in retaining sector in today market scenario (Moser &Vander, 2003). However, in spite of huge advancement, the Retail instruction sector presented numerous interesting challenges that gave rise to more(prenominal) innovative solutions. The most vital and noteworthy grapple that is hampering the portfolio of the sector of retaining is commoditization. It is a trouble-some issue that arose a few decades before that mainly highlights price wars and fierce chal lenger among the rival players of the market. Due to which the puzzle and brand image of numerous reputed organization operating successfully in this segment is experiencing massive downfall resulting in reduction of the profit allowance account and total sales of GameStop stack of US. As a result, the position of GameStop Corporation in the markets of US is reducing at a pregnant extent, which is quite insubstantial (Moser &Vander, 2003). ... This cause also marked a significant downfall of the position of US among other big players around the globe (Moser &Vander 2003). Detailed background information of the issue of commoditization described in a higher place Historical Origin of the problem Due to the entrance of numerous new entrants, the extent of competition aroused, resulting in the problem of commoditization in the segment of retailing. Other than this, as entry in this segment do not require huge rate of investment and so its quite easy for the new entrants to inclos e it (Moser &Vander, 2003). As a result, the segment became extremely aggressive and the rate of switch everywheres also increased to a significant extent (Nonaka & Nishiguchi, 2001). In case of pricing problem or lack of trendiness, the customers immediately shift over towards other brands resulting in loss of prospective customers and profit margin as well (Moser &Vander, 2003). In arrangement to cope up with this problem, I instructed my juniors and other administrative officials to maintain a competitive margin of the products so as to retain the customers towards their brands and products. Along with this, I also decided to introduce ad present more concentration in introducing varied types of innovative designs and features in the products lines so as to make the customers attracted towards their products as differentiate to other rival players (Moser &Vander, 2003). Otherwise, they might not be able to maintain a sustainable position in the market among other players (Tsouk as, 2005). This proved quite successful for the organization thereby amplifying the profit margin (Moser &Vander, 2003). Proposed Solution Not only this, according to Cooper, (1999), to maintain the portfolio of the products, just like the other retailers I also tried to implement the