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By: Turki Alsekhan Carlos Godinez Roopak Gorajia Adam McReynolds Angeli Menta Joseph Quan Matthew To Mgmt 464
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Style 2020: The Business Problems and Opportunities I.Marketing II.Business Development III.Operations IV.HR/Management OVERVIEW
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Style 2020 is a personal service for men and women who seek to refine their personal style. For total image solution, stylists work one- on-one with each client analyzing their personal lifestyle, current wardrobe and style makeover. Mastering your personal style gives you: Confidence Sophistication Professionalism & overall comfort STYLE 2020: THE BUSINESS
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PROBLEMS AND OPPORTUNITIES Problem Management has not evolved No strong sales force Lead generation Organizational structure Communication barriers Luxury service difficulties Opportunity Growth Generating more clients
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Marketing techniques Online Brand Image Media/Software Web-based Marketing Methods Marketing model for the international and e-style segment I. MARKETING
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College-Educated $90,000 income or greater Fashion-forward thinker/care about their own style Located in South Orange County TARGET MARKET
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Competition Brand You Image Project Image Style By Naz Style 2020’s competitive advantage Stylist has credibility Custom service for every client COMPETITOR ANALYSIS
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Slogan Slogans help recall a company’s name and purpose Style 2020’s multiple slogans: “Uncover your STYLE. Love it. Live it.” “Life is Your Runway” “Life is Your Runway. Walk it in STYLE.” Not a strong enough brand to have multiple slogans ONLINE BRAND IMAGE
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One consistent slogan “Life is your Runway” Easy to remember Includes benefit of the company Recalls the brand SLOGAN RECOMMENDATION
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Reviews determine the company’s reputation to the public Feedback benefits a company’s performance and satisfaction of customers Currently, Style 2020 does not have reviews (other than the testimonials on website) REPUTATION/REVIEWS
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To establish credibility, Style 2020 should utilize YELP Yelp is a location social media site which can allow them to build and join communities Receive feedback from consumers and professionals Larger network base REPUTATION/REVIEWS RECOMMENDATION
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Video Series MEDIA/SOFTWARE
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WEBSITE
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CLIENT INTERACTION
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SOCIAL MEDIA
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Used to have Newsletter Used to write on Blog sites, forums for fashion magazines E-NEWSLETTERS AND BLOGS
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WEBSITE ANALYTICS
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For clients who do not reside in Orange County, CA For Clients who do not have time to drive to the studio Expands Market International Brand Recognition E-STYLE AND INTERNATIONAL SEGMENTS
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WEB-BASED MARKETING METHODS
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Methods of automating and enhancing lead generation Sales tactics to close potential clients Methods to convert leads into clients II. BUSINESS DEVELOPMENT
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Customer Relationship Management (CRM) programs Surveying current customer database Refine workplace organizational management structure III. OPERATIONS
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Microsoft Dynamics Nutshell SHC Direct CUSTOMER RELATIONSHIP MANAGEMENT (CRM)
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Microsoft Windows based Basic universal customization Focus: Sales, marketing & servicing client Incorporated e-mail accounts Cross referenced website & CRM program $44.00 per month MICROSOFT DYNAMICS CRM
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CRM smart phone platform integration Simplified easy to use interface Confidence level of potential client Individual customizable profiles Timeline feature Benchmarking & goals Synced e-mail database $10 per month per user NUTSHELL CRM
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Built from the ground up CRM Over 150 million individuals in database SHC DIRECT CRM Profile: Household InformationIncome Information BirthdayResident Location EthnicityShopping Preferences AgeOccupation EducationLifestyle Preferences
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Catered to niche businesses Proven strategy to increase return on investment (ROI) Immediate implementation CRM RECOMMENDATION
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Job Duties Projects/Events Meetings DAY-TO-DAY OPERATIONS: THE WORKPLACE
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Currently have 9 employees Confusion among employees for job duties Miscommunication JOB DUTIES
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Communication PROJECTS/EVENTS
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Purpose of meetings Communication Barriers Pre and Post Meetings MEETINGS
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Reinstate job duties Employee Handbook Monthly Newsletters Engages employees and community Meeting Agendas Resolves communication barriers WORKPLACE RECOMMENDATIONS
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Work with HR to find ways to reduce turnover ratio Sales person position Interview process Employee handbook IV. HR/MANAGEMENT
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Work with HR to find ways to reduce turnover ratio -Develop new ideas for a different profile that would fit the sales position that is available “Trial period” for prospective sales person position - Create a “Trial Period” to find out if the potential new hire fits the work environment Interview process -When Interviewing the new hire put the new hire in a mock situation for a sale Employee handbook HR/MANAGEMENT
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NEW HIRE ROLE PLAY
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List all recommendations again Operations: -Customer Relationship Management (CRM): SHC Direct HR/Management - Expand the profile for new hires - Adopt Trial Period -Create Employee Handbook SUMMARY OF RECOMMENDATIONS
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Which ones to implement now Operations: -Customer Relationship Management (CRM): SHC Direct HR/Management: - Creating employee handbook Which to implement later HR/Management: -Develop new profile for potential sales reps NEXT STEPS
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Q & A Thank You!
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