Solved: Calculate the equilibrium constant for each of the

4/11/16 – 4/15/16 Succession Planning Why do we need it Because it enhances the skills of employees, and it makes sure the company is ready in case a vacancy occurs. 1. Identify employees with high potential for leadership 2. Provide top- management support 3. Build relationships 4. Let high-potential employees know the company wants them to succeed. 5. Provide development opportunity Performance appraisal  Formal systematic assessment of how well employees are performing their jobs compared to standards. *Goal: MAXIMIZE PRODUCTIVITY  Goal setting  Succession planning  Positive reinforcement Managing Turnover Involuntary Turnover= initiated by employer  Recruiting, selecting, and training replacements,  lost productivity  Lawsuits  workplace violence Voluntary Turnover= Initiated by employee  Recruiting selecting, and training replacements  Lost productivity  Loss of talented employees Elements of a Store Environment Store Image and productivity Store Design: Exterior Design, Ambience, Lighting Store Planning: space allocation, layout, circulation Merchandising: fixtures selection, merchandising presentation, visual merchandising Visual communication: Retail Identity, Graphics, Point of sale signage Floor plan layout Free- flow layout: fixtures and merchandise are grouped into free- flowing patterns on the sales floor Grid layout: Counters and fixtures placed in long rows or “runs” usually at right angles throughout store. Loop Layout: Major aisle begin at entrance, loops throughout the store- usually in shape of a circle or rectangular- returns customers to front of the store. Spine layout: Single main aisle runs from front to back of the store, on either side of spine, merchandise in free-flow or grid pattern. *Planogram: An example of how merchandise should be displayed on the shelf in store. It gives uniformity and a better look, and it also sells more stuff. Lighting: High activity: generalized lighting Accent: showcases specialty items Ambient: offer a generalize glow Track: continuous track device Fixtures: Shelving: Usually focus on value. Usually found at grocery stores, as majority of merchandise is place on shelves. Hanging racks: Focus is usually trendier. Place apparel on hangers and hang them on racks, usually found in clothing stores. Pegging fixtures: Focus on bargain or value. Items hang from peg hooks which are inserted into the wall. Usually can fit a lot on one peg. Folding: Focus is usually value. Items are folded and placed on stand, usually will find this in clothing stores Stacking fixtures: Focus is usually value. Items are stacked onto one another save space, and is easily maintained. Dumping: Most likely it’s a bargain, items are usually dumped onto bins or baskets * Match the fixture to the merchandise not the merchandise to the fixture Psychology of Presentation:  Customers Automatically look to the right  After looking to the right the customer usually does 45 degree angle swoop