Business Challenges :: essays research papers

Becoming a CEO of a caller whether its big or small, is a huge task to construct on, but can be the most rewarding depending on how your company does. Either way when going into such a job, in which you be so powerful, you have to think of each and all(prenominal) challenge that you lessen across within your job. Challenges that your company will face can turn in many different ways, from environmental issues, to social issues, economic issues, as well as many to a greater extentFor my company, Staples, I have worked in the stack away since I was 15, going through quite a few managers. Luckily I got to meet throng very high in the corporation, such as the president and vice president of the company, and I could incur how stressful their jobs have been. As being the CEO of Staples there ar many problems that can come into effect. First thing that comes to mind is competition. Our competitors single-valued function Max, and Office Depot are our biggest threat in the office dress up business. Our company holds about 1100 stores, while they have about 700 each, and each daytime they take away business from us. We have to fluctuate our prices with whats prevalent for that time of season, such as pens, n sensationbooks and computers for back-to-school, and make sure our prices are more convenient for the customer. The second dilemma that comes to mind is geography. Considering we have over jet locations, we have to figure out where the appropriate places for a new store would be. For instance if we only have 2 stores in Maine, we cant put them together, yet we need to put them in a moderately populated 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 but some thing they need, 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. in like manner by having staples.com available in store, if the store itself is out of a product, rightful(prenominal) order it.