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List of forums -> Questions and answers. Help. -> Store location and employee training

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Topic created : 6.03.2019, 15:09

Last time edited : 6.03.2019, 15:21
Express211
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!"
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Eight years with Virtonomics Mayor
m:
Express211 Ltd.
 
Hi
 
Store location? Is it better to be higher up? have nice locations or lower ones?
 
What should I think of when deciding store location?
 
What is the purpose of employee training? Does it decrease salary or just raise qualification of employees?
 
Best regards,
 
CEO Express   

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6.03.2019, 18:09
EvilRuler
Seven years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Six years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
l:
PELICAN BAY
 
This might help you https://virtonomics.com/mary/forum/forum_new/13/topic/101622/view ...  
 

6.03.2019, 19:37
Wonson
Seven years with Virtonomics
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The winner of the Industry Competition Winner of the Leaders Contest in the nomination Tender mania
Four years with Virtonomics
l:
Wondime
m:
Wondime
 
Hi Express211,
 
Guidelines like "frankly anywhere is a good place..." which you find on that page probably is not an answer to your legitimate (and important) question. That guideline tells us: "close your eyes, do what you wish and you will be ok even if you do not understand what you're doing".
 
From my perspective everything depends on Competitveness of the goods you retail and the Service Level you offer to your customers. Your business should be in city centre or trendy neighbourhood if you are quite competitive and your services are great. Otherwise your business belongs to lower districts. Practice and do not leave anything to chance.
 
P.S: I have to admit I really hate that answer "frankly anywhere is a good place to start a store". That's simply rubbish. Retail is very technical. 
IT'S JUST BUSINESS!
 

7.03.2019, 00:28
Express211
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!"
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Eight years with Virtonomics Mayor
m:
Express211 Ltd.
 
Can I use low cost position in a rich country like Sweden?
 
In beginning guide it says they prefer quality over price
 
I want to use my economic knowledge in this game 
 

7.03.2019, 12:45
JustNash
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Sweden has the advantage of being a relatively small country. Less competition there because of the smaller size of the stores.
 
Swedes will indeed want higher quality product and hence service level. Can you offer it to them?
 
Game dynamics: the lower the district where you are situated (trendy being the highest, then city center and so on), the lower the customers' expectations are wrt quality of the product and service level. 
 

2.04.2019, 12:01
Express211
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!"
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Eight years with Virtonomics Mayor
m:
Express211 Ltd.
 
Low cost strategy doesn't work in Europe? 
 

2.04.2019, 14:32
Wonson
Seven years with Virtonomics
Jubilee Ten Bronze Ten Bronze Ten For contribution to the development of Virtonomics The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places World Cuisines, IV-Vi places
World Cuisines, IV-Vi places World Cuisines, IV-Vi places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places Shagreen, II-III places Eight years with Virtonomics
The winner of the Industry Competition Winner of the Leaders Contest in the nomination Tender mania
Four years with Virtonomics
l:
Wondime
m:
Wondime
 
Low cost strategy should work, but how low is the quality?
below local suppliers? 
IT'S JUST BUSINESS!
 

2.04.2019, 14:45
Express211
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!"
Four years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Eight years with Virtonomics Mayor
m:
Express211 Ltd.
 
Yes most of the time 
 

3.04.2019, 06:57
Wonson
Seven years with Virtonomics
Jubilee Ten Bronze Ten Bronze Ten For contribution to the development of Virtonomics The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places World Cuisines, IV-Vi places
World Cuisines, IV-Vi places World Cuisines, IV-Vi places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places Shagreen, II-III places Eight years with Virtonomics
The winner of the Industry Competition Winner of the Leaders Contest in the nomination Tender mania
Four years with Virtonomics
l:
Wondime
m:
Wondime
 
That's the problem.
 
A recent experience of mine: I was selling canned olives a bit better than Local Suppliers' quality in Sri Lanka. Market changed and LS upgraded their quality and my product was a bit worse than LS after the changes. My sales volume dropped by a lot. Tried to compensate with brand. Advertised my goods and created the best brand in city. But that didn't help at all. Low Quality is Low Quality and customers will reject it. I have to add my store was in good conditions, over 300,000 visitors in City Centre and Very High service level, a lot more visitors than most competitors.
 
So I limited supply of Canned Olives to that city and increased sales somewhere else. I should have really stopped supply but price was very high in that city and my limited sales was still a good business.
 
That's how this game works. If you are not the player with top-notch quality be prepared to relocate fast.
 
To me, Low Cost Strategy means just a bit better than Local Suppliers' quality. Of course every player should experience and form their own opinions. This is just how I realised it. 
IT'S JUST BUSINESS!
 

List of forums -> Questions and answers. Help.-> Store location and employee training

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