Business Challenges :: essays research papers

Becoming a CEO of a gild whether its big or small, is a huge task to consume on, only when potbelly be the most rewarding depending on how your company does. any way when going into such a job, in which you are so powerful, you pass on to think of each and every challenge that you come crossways within your job. Challenges that your company will face can vary in galore(postnominal) different ways, from environmental issues, to social issues, economic issues, as good as many moreFor my company, Staples, I have worked in the stemma since I was 15, going through quite a few managers. as luck would have it I got to meet people very high in the corporation, such as the president and vice president of the company, and I could see how disagreeable their jobs have been. As being the CEO of Staples there are many problems that can come into effect. First thing that comes to mind is competition. Our competitors fleck Max, and Office Depot are our biggest threat in the office supp ly business. Our company holds about 1100 gunstocks, while they have about 700 each, and each day they take away business from us. We have to fluctuate our prices with whats popular for that clock time of season, such as pens, notebooks and com spueers for back-to-school, and make sure our prices are more agreeable for the customer. The second dilemma that comes to mind is geography. Considering we have over 1000 locations, we have to figure out where the appropriate places for a new store would be. For voice if we only have 2 stores in Maine, we cant put them together, yet we need to put them in a somewhat live place, that would be most convenient for the business customer. For us, globalization is not a very big problem considering that we only have one store in France, one in Germany, and two in Puerto Rico.As for a third challenge is technology. Everything is becoming on-line, and on the Internet. Some people cant go out to the store everyday do just now something they nee d, and each store cant carry every product. So as a CEO the best solution is to put them online so people can shop at home, and have the products shipped to their doorstep. Also by having staples.com available in store, if the store itself is out of a product, just cast it.