The Leitch Quality Drug Company.edited (1).docx

Effective and efficient should it be integrated and

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effective and efficient should it be integrated and implemented well in the running and operation of the three stores. Combination Strategy Integrating stability, growth, and retrenchment would ensure that different consumer needs are met and acted upon accordingly whereas those areas that do not need any alterations but have efficiency in their operations remain the same. Diferent needs of different product consumers can be meet through an introduction of a well functional and effective program that will be tailor made to match up to the expectations and needs of the customers. Choice of Strategy Competitive strategies like stability, retrenchment, and growth should be integrated into the daily operations of the firm in order to increase not only the profit margin but also sales. The Leitch firm should opt out of those business lines that are not generating more income Instead of relying on their names only, social media can be used as a marketing strategy in order to reach to a large clientele Instead of only centering its operations in Orlando, the Leitch owned firm should venture outside Florida and look for other market groups. The three managers operating separately should be integrated to form a common entity so as to make same and sound policies in ensuring consistency in the running of the stores More shareholders should be integrated in the firm in order to grow and expand the brand name further. This will help the needs of customers away from Florida to meet since at the moment, despite of the delivery service provisions, customers from far away states cannot easily access the firms products.
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THE LEITCH QUALITY DRUG COMPANY 9 Refurbishment of the three stores in Orlando should be done to attract a larger target group. New, clean and renovated stores will be more appealing and attractive unlike the old and not-so-renovated ones. The firm should opt on the choice of embracing discounts off of their products and services. The different customers be it high or low-income consumer groups will be reached and their needs satisfied accordingly. Implementation In the wake of organizational problems the firm is facing, certain institutional changes would come in handy. Mitigation approaches should be used on the drafting of the budget so as to avoid wastage of the firms' resources and funds. Other than Mr. Sibley managing all the topmost areas in the organization, priority should also be given to other people who possess more expert knowledge and skills in running the senior most areas in the organization. Marketing expertise from marketing consultants should be sought in order to help remain in the market while at the same time, averting any competitions from other competitive entities in the market.
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  • Fall '17
  • mwenzi
  • Marketing, Sociology, Leitch Quality Drug Company, leitch quality drug, quality drug company

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