Business Challenges :: essays research papers

Becoming a CEO of a company whether its big or small, is a huge task to carry away on, but feces be the most rewarding depending on how your company does. Either way when going into such a job, in which you are so powerful, you open to regard of each and every challenge that you come across within your job. Challenges that your company will face can vary in many different ways, from environmental issues, to social issues, economic issues, as well as many moreFor my company, Staples, I have worked in the store since I was 15, going through sort of a few managers. Luckily 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 stressful 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 self-assurance Max, and Office Depot are our biggest threat in the office supply business. Our company holds abou t 1100 stores, 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 time of season, such as pens, notebooks and com countersinkers for back-to-school, and make sure our prices are more handy for the customer. The blurb 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 instance if we only have 2 stores in Maine, we cant put them together, yet we need to put them in a somewhat 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 both 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 nonchalant do but something they need, and each store cant carry every pro duct. 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 vow it.