Jun '24 • General discussion
What you will learn in this academy in 2024!
Module 1: Introduction to Retail Growth Strategies
- Overview of the course and objectives
- Understanding the current retail landscape
- Identifying growth opportunities in 2024
Module 2: Strategic Planning for Retail Success
- Importance of strategic planning
- Conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
- Setting clear business goals and objectives
Module 3: SMART Goal Setting
- Introduction to SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound)
- How to set effective SMART goals for your retail business
- Practical examples and exercises
Module 4: Breaking Down Goals: The 5/3/1 Year Approach
- Understanding the 5/3/1 year goal-setting process
- Creating a vision for 5, 3, and 1-year milestones
- Breaking down long-term goals into actionable steps
Module 5: 90-Day Sprints for Effective Execution
- Benefits of 90-day sprints for business growth
- Planning and executing 90-day action plans
- Reviewing and adjusting goals every 90 days
Module 6: Time Management and Prioritization
- Introduction to the Eisenhower Decision Matrix
- Prioritizing tasks based on urgency and importance
- Time-blocking techniques for retail managers
Module 7: Enhancing Customer Experience
- Understanding customer needs and expectations
- Strategies to improve in-store and online customer experience
- Implementing customer feedback for continuous improvement
Module 8: Marketing and Promotion Strategies
- Developing an effective marketing plan
- Leveraging digital marketing and social media
- Planning successful promotional campaigns
Module 9: Inventory Management and Optimization
- Best practices for inventory management
- Using data and analytics to optimize stock levels
- Reducing costs and improving efficiency
Module 10: Financial Planning and Management
- Basics of retail financial management
- Budgeting and forecasting for retail businesses
- Strategies to increase profitability
Module 11: Staff Training and Development
- Importance of training and developing your team
- Creating a training program for retail staff
- Motivating and retaining top talent
Module 12: Technology and Innovation in Retail
- Exploring the latest retail technologies
- Implementing point-of-sale (POS) systems and e-commerce platforms
- Utilizing data analytics for informed decision-making
Module 13: Building a Resilient Retail Business
- Strategies for adapting to market changes
- Crisis management and contingency planning
- Building long-term sustainability
Module 14: Reviewing and Refining Your Strategy
- Regularly reviewing business performance
- Using KPIs (Key Performance Indicators) to measure success
- Continuously refining and improving your business strategy
Module 15: Course Summary and Next Steps
- Recap of key learnings
- Creating a personalized action plan for 2024/25
- Resources for ongoing support and development
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What you will learn in this academy in 2024!
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