The J.C. Penney Case Assignment Example | Topics and Well Written Essays - 500 words

The J.C. Penney Case - Assignment Example Having said the above, it would also be stressed that the fact that the components of the new business model worked together did not necessarily mean that they could achieve the goal for which they were set. It cannot also be said that the components could lead to the expected results of the company. The lapses came because there were some key components that were missing from what was institutionalized. More specifically, the new business model had eliminated the role of customers as there was no market research leading up to the implementation of the model. Meanwhile, customers have been identified as very important stakeholders in the success of any business model (Ofek & Avery, 2012).One major deficiency that can be seen from the administration of Johnson is that its business model was totally disjointed from its pricing strategy. As a matter of fact, the aggressive sales expert team that was institutionalized as a result of the new business model could have functioned best if th ere were specific promotions they were championing. The business model was however brought in place after the old pricing strategy which was the high-low pricing strategy had been scrapped. This created a total disconnect between the business model and the pricing strategy because there was virtually no promotion in place for the sales experts to pursue. Meanwhile, the customer base of the company had repeated given signal to the fact that it preferred to have promotional sales in place.

Pre-lecture response Essay Example | Topics and Well Written Essays - 250 words

Pre-lecture response - Essay Example In effect, the Southerners favored retrogressive practices and opposed governmental policies such as taxation whenever they perceived them as an attack on their agrarian practices. The Southern states stood their ground in opposing State Rights that gave the federal government the authority to regulate slavery. Specifically, the reason for this was that slaves were the primary source of labor in the cotton fields. According to the Southern representatives, there was no solution to the slavery business. Notably, the Southerners through William Cobb, Georgia Congressman asserted that by abolishing slavery â€Å"you have kindled a fire which all the waters of the ocean cannot put out, which seas of blood can only extinguish† (151). Specifically, the reason for this was that slavery was an essential institution and economic engine for the economy of the US and other countries like Britain that depended on the Southern-grown cotton for their industries. On the other hand, the north was more political matures and expressed a high level of modernization in the way the representatives addressed political and social differences. In particular, slavery was a major factor in the division between the regions as the Northern section supported the abolishment of the practice and the freedom to the slaves. In practice, several Northern Tycoons demonstrated their willingness to support the end of slavery. In particular, the admission of Missouri raised great concern due to its slavery policies. Specifically, New York Congressman James Tallmadge suggested amendment of the constitution â€Å"that all children born within the said state (Missouri) after the admission thereof into the Union shall be free at the age of 25 years†