Class Notes (839,081)
Canada (511,183)
RMG 200 (77)
Brent Barr (15)
Lecture

Introduction

1 Page
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Department
Retail Management
Course Code
RMG 200
Professor
Brent Barr

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Description
Week 1 Strategy Planning & Leadership = SMART > Strategies to Achieve Objectives > Plans SMART = Specific, Measurable, Action Oriented, Realistic, Timely Needed to Build an Effective Strategy: 1. Leadership 2. Knowledge 3. Clearly defined mission 4. Clearly defined objectives 5. Gut or Experience 6. Critical thinking 7. Creative thinking 8. Required resources 9. Interconnectivity of Resources 10. Controls Key things to understand Your Customers Your Company Your Competitors The Industry The flow of information How does it tie together? These are the steps we go through Data > Collection Information > Analysis Knowledge > Understanding Wisdom > Solutions Retailing is the business activit
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