Business Model

Belk, Inc. is the nations largest privately owned mainline department keep confederation with more than 300 fashion department lines in 16 contiguous Southern states and sales totaling $3.5 billion in its past fiscal year. The lodge seeks to be the department store of choice in each community it serves by providing passkey profit and merchandise that meets customers needs for fashion, value and quality (Belk.com, 2010) Belk, Inc. has served customers for everyplace 100 years in the southeast. The keep company offers mens, womens and childrens fashions, along with home products, salon services and ok jewelry. The styles and designs offered at Belk range from low cost, affordable private labels to reach brand designer names. Belk strives to keep their line customer service oriented and with a satisfaction-guaranteed policy (Belk.com, 2010). Uncontested Market position Strategy First Pass The sum total is a pathology of forsaking that leads many managers to abandon businesses instead of building them (Hamel & Prahalad, 2005). This seems to be the strategy of so many companies and businesses. They become so wrap up up in the logistics of the business, that they forget the life is to build the business to succeed and surpass the competition.

Strategic intent sets a brand that deserves individualized effort and commitment (Hamel & Prahalad, 2005). Belk, Inc. is a company that has been operated by family members since its beginning. By being family operated, the company realizes the personal effort and commitment that is needed to keep a company successful. Today, Belk is in the third generation of family leadership (Belk.com, 2010). The Belk family has passed their strategic intent down from generation to generation. The family works their way through the company learning all aspects of the business. When a family member is promoted to management in the company, they understand the competition and how they are going to target it. By learning the... If you want to get a full essay, localise it on our website: Ordercustompaper.com

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