country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Internal Factor Impacting 7 Eleven

tag 7 Downloads8 Pages / 1,763 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Internal Factor Impacting 7 Eleven.
 
 

Answer:

Introduction

The report will discuss in detail about the various factors internally impacting the 7-Eleven company. It is important to understand here that business starts the operations, he or she is positive about the overall success of the company. It is important to be aware of the drawbacks and must pay close attention to some critical issues like the formulation of a right business plan after analyzing the entire critical issues or management of the employees in right manner. The analysis of the overall trend, recognition as well as achieving sustainable competitive advantage, avoiding the extra extension of different resources as well as finances, helps in the utilization of right technology with major consideration based on multiple economic situations. There can be many factors for failure of business and it is important to pay attention carefully to different factors discussed in the report that further will permit a company to accomplish success.

Background of 7-Eleven

The company discussed in the report is 7-Eleven, and it is a global chain of convenience stores. Headquarter of the company is located in Texas, and it operates in franchise model or license basis with almost fifty-six thousand stores located in eighteen countries all over the world. This chain of stores also called as Tote'm Store and later it was renamed and called as 7-eleven. The parent company of the organization is known as 7-Eleven Japan Co., Ltd, and it is situated in Tokyo. In other parts of the world, the company sells products that cover categories like beverages, 7-Select private brands related products, sandwiches, coffee, salads, bakery items, dairy products and much more.

Critical issues related to business and management

In last few years, 7-Eleven faced a lot of criticism associated with the wage-related scandal. This even led to one franchise leaving the store and going back to the home country since franchisees were struggling to provide wages to the staff (Hay et al., 2013).

This is why, in later years as corrective measures the management of the company prepared to introduce some big changes in its model which also happen to include the rise in the share of profits with the franchisees (Fraser, 2016).

The company is in damage control mode for quite some time because of the major issue being rise related to exploitation of employees and with an investigation set up, across the network. The primary focus of the company is creating high-performance work systems which are also called HSWS. In some organization, the concept is also called as high commitment or involvement where companies use different approaches that make sure some high-class performance with the help of people (Fraser, 2016). However, some researchers focus on various characteristics and number of different management based practices while describing the concept and essential features are seven main dimensions. These dimensions are mentioned below: -  

  1. Employment based security (Xiaohui & Yun, 2016).
  2. Selection of new people carefully (Xiaohui & Yun, 2016).
  3. Empower teams to self-manage and also decentralize all kind of decision making as ground principles of organization based structure. (Regan, 2016).
  4. Providing high amount of compensation on company’s performance (Xiaohui & Yun, 2016).
  5. Training in an extensive manner (Regan, 2016).
  6. Decreased status as well as distinction and limitations which also includes language, dress, differences of wages and arrangement based on office. (Xiaohui & Yun, 2016).
  7. Detailed sharing of financial and performance based data throughout the company. (Regan, 2016).

The concept can work as a system that provides employees with various elements of information, power, rewards and knowledge. The concept of power is based on the concept where workforce has the authority to take necessary decisions that are crucial to the overall performance and also based on the quality of the job as well as working conditions. It can also mean that low level of impact is based on providing some crucial inputs into a number of different decisions made of the number of different people or it further means having a final work and responsibilities for a number of results by making right decisions (Mitchell et al., 2015). Overall participation also increases when the highest level of power is developed for the workforce that has based work on the final decision.

Information is also very crucial where data includes facts about the quality as well as a quantity of staff and their performance, revenues, profit and customer based reactions. The main issue for managers is to develop a system that provides the workforce with information which is timely and crucial to the process, and that can also impact the organization while expanding or any other way (Mitchell et al., 2015). 

Knowledge is all about the skills of employees and capacities which refer to understand the existence of a job or role in the sector. Improvement in the employee knowledge means that it is based on the commitment towards training as well as development. Investment in training is necessary for any high-committed organization since when the workforce is making crucial decisions; it becomes critical that there are right skills and capabilities to take appropriate decisions (Alshaher, 2013).

The reward is based on elements of high commitment work culture, and it means that rewarding the workforce for increasing the overall efforts to impact the organization based performance. Rewarding the performance also make sure that the staff uses the power in right manner along with right information and knowledge to perform in the best manner of the company.

 

Internal factors affecting the business

Following is the detailed discussion of a 7-S model which can be utilized to understand the wide variety of cases which is based on alignment based model. It is crucial to assist a company in improving the overall performance, evaluate the impact of future transformation within the company, alignment of different departments and procedure during the time of merger and acquisition and also deciding the best practice to execute the well-proposed strategy (Alshaher, 2013).

Following are the seven elements of 7-S model based on 7-Eleven company: -

This is a McKinsey model consist of seven important factors which can be categorized as hard as well as soft elements: - 

Hard Elements

Soft Elements

Strategy

Structure

Systems

Shared Values

Skills

Style

Staff

In above figure, there are hard elements as well as there are soft elements. Hard elements are way easier to explain, and the organization has the power to impact these elements. These are some of the strategies which consist of organization based charts and lines for reporting, and there is some formally based processes and different kind of IT techniques. Like in 7-Eleven, elements like to decide the marketing strategy or expansion strategy, or transformation of the structure as per market demand or adoption of various kinds of tools and techniques are part of the hard elements of the 7S model (Shiri et al., 2014). 

Pestle Analysis

Political:

The foreign import policies

The international pressure and the advocacy of the groups. (Lisi?ski & Šaruckij, 2006).

Technological

Technology solutions (Lisi?ski & Šaruckij, 2006).

Online sales and customer buying

Environmental

Control levels

Shortage of the infrastructure capacity (Lisi?ski & Šaruckij, 2006).

Legal

Legislative Compliance Requirements (Lisi?ski & Šaruckij, 2006).

Allegations for the misleading advertisements

Anti-competitive behavior. (Lisi?ski & Šaruckij, 2006).

Social

Market Share

Consumer changing taste (Lisi?ski & Šaruckij, 2006).

Demography of the product

Economic

Inflation

Taxation issues

Market seasonability (Lisi?ski & Šaruckij, 2006).

Product development

Swot Analysis

Strength:

a.       The convenient location setup

b.      The overall equity of the brand

c.       The branded product (Regan, 2016).

d.      The franchise of the mode

e.       There is a diversified income setup.

Weakness:

a.       Higher cost of the rent

b.      The higher staff cost (Regan, 2016).

c.       The franchise

 

Opportunity:

a.       The continued growth of the market (Regan, 2016).

b.      The increased offering for the product

c.       The product offering and co-brand location. (Regan, 2016).

Threat:

a.       The super marketing moving 24*7 hours (Regan, 2016).

b.      The online deliver (Regan, 2016).

c.       Security and shop lifting.


Conclusion

The company 7-Eleven has consistently been working to make the franchisees happy as the scandal went out of hand and the number of stores started reducing dramatically. The brand otherwise is loved and is known all across the world, and so many iconic products have been the face of the company as well as the culture various countries where the company is working. The company has expanded a lot over a period, and the main focus is fixed on making the life of the people easier for the consumers.

 

References

Alshaher, A. A. F. (2013). The McKinsey 7S model framework for e-learning system readiness assessment. International Journal of Advances in Engineering & Technology, 6(5), 1948.

Dezdar, M., & Haghighi, M. (2014). Feasibility of implementing enterprise resource planning (ERP) in the exploitation of oil and gas company of Gachsaran based on McKinsey 7s model. Advances in Environmental Biology, 223-231.

Fraser, M. (2016). Investigating 7-Eleven: Who are the real bad guys?. Griffith Journal of Law & Human Dignity, 4(2).

Hay, M., Patricios, J., Collins, R., Branfield, A., Cook, J., Handley, C. J., ... & Collins, M. (2013). Association of type XI collagen genes with chronic Achilles tendinopathy in independent populations from South Africa and Australia. British journal of sports medicine, bjsports-2013.

Jurevicius, O. (2013). McKinsey 7s Model. Retrieved July, 8, 2015.

Lisi?ski, M., & Šaruckij, M. (2006). Principles of the application of strategic planning methods. Journal of Business Economics and Management, 7(2), 37-43.

Mitchell, B. C., Fredendall, L. D., & Cantrell, R. S. (2015). Using McKinsey’s 7 S Model to Empirically Examine Organizational Effectiveness among the NBA Teams. International Journal of Management & Human Resources, 3(1).

Regan, L. (2016). Time for change at 7-Eleven. Proctor, The, 36(5), 36.

Shiri, S., Anvari, A., & Soltani, H. (2014). An Assessment of Readiness Factors for Implementing ERP Based on Agility (Extension of Mckinsey 7s Model). International Journal of Management, Accounting and Economics, 1(3), 229-246.

Singh, A. (2013). A study of role of McKinsey's 7S framework in achieving organizational excellence. Organization Development Journal, 31(3), 39.

Xiaohui, S. H. A. N., & Yun, G. A. O. (2016). Cross-Cultural Comparison Between 7-Eleven and KEDI. Cross-Cultural Communication, 12(4), 6-10.

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Internal Factor Impacting 7 Eleven. Retrieved from https://myassignmenthelp.com/free-samples/internal-factor-impacting-7-eleven.

"Internal Factor Impacting 7 Eleven." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/internal-factor-impacting-7-eleven.

My Assignment Help (2018) Internal Factor Impacting 7 Eleven [Online]. Available from: https://myassignmenthelp.com/free-samples/internal-factor-impacting-7-eleven
[Accessed 11 July 2020].

My Assignment Help. 'Internal Factor Impacting 7 Eleven' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/internal-factor-impacting-7-eleven> accessed 11 July 2020.

My Assignment Help. Internal Factor Impacting 7 Eleven [Internet]. My Assignment Help. 2018 [cited 11 July 2020]. Available from: https://myassignmenthelp.com/free-samples/internal-factor-impacting-7-eleven.


MyAssignmenthelp.com is highly recommended for students who need affordable coursework help from experts. We provide top-notch quality coursework assistance on more than 100 subjects including math coursework help, english homework help, accounting homework help, marketing homework help, law coursework and much more. We guarantee that students who search answer for the question, 'can someone help me with my coursework paper', get benefited by our services.

Latest Management Samples

DMKT5008 Digital Marketing Spring

Download : 0 | Pages : 21

Answer: Introduction The whole study is focussed on the importance of digital marketing in nowadays. The importance is being felt by one of the renowned names in the entertainment industry. It is about HMV which is headquartered in the UK. The company had remained a popular name in the entertainment industry until the time; the position was actually being hampered by Amazon in around 2012. Amazon had enabled people getting their favourite mus...

Read More arrow

IHRM4032 Introduction To Human Resource Management Spring 2018

Download : 0 | Pages : 12

Answer: Introduction Management of human resources of an organization is pivotal to the success of the organization. Human resource management team plays a wide variety of roles in the business starting from recruiting competent employees, ensuring the employees are fairly compensated, putting efforts in retaining employees, managing organizational talent and addressing employee grievances (Jackson, Schuler & Jiang, 2014). The case in the...

Read More arrow Tags: Australia Marlborough Management University of New South Wales Humanities 

FELM4026 Financial And Economic Literacy For Managers11

Download : 0 | Pages : 20

Answer: Introduction: The financial and economic literacy report has been prepared to analyze and evaluate the numerous concepts about the economical concept, micro factors, macro factors etc. the report explains about the changes and the performance of UK economical position. For preparing the report, local high street market of UK has been evaluated and it has been identified that how the corporate could growth itself. Further, the study ha...

Read More arrow

FELM4026 Financial And Economic Literacy For Managers11

Download : 0 | Pages : 20

Answer: Introduction: The financial and economic literacy report has been prepared to analyze and evaluate the numerous concepts about the economical concept, micro factors, macro factors etc. the report explains about the changes and the performance of UK economical position. For preparing the report, local high street market of UK has been evaluated and it has been identified that how the corporate could growth itself. Further, the study ha...

Read More arrow

DMKT5008 Digital Marketing Spring 2018

Download : 0 | Pages : 21

Answer: Study background:   The whole study is focussed on the importance of digital marketing in nowadays. The importance is being felt by one of the renowned names in the entertainment industry. It is about HMV which is headquartered in the UK. The company had remained a popular name in the entertainment industry until the time; the position was actually being hampered by Amazon in around 2012. Amazon had enabled people getting th...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,359,640

Orders

4.9/5

Overall Rating

5,081

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2632 Order Completed

100% Response Time

Albert Ambrosio

MSc in Nursing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

This is one class that I absolutely hate to do the discussion questions and assignments so this service has been the best thing every and my grades are always an A

flag

User Id: 451554 - 11 Jul 2020

Australia

student rating student rating student rating student rating student rating

This has been such a great service and I wish I had used them last year and before this session. Makes my life much easier.

flag

User Id: 451554 - 11 Jul 2020

Australia

student rating student rating student rating student rating student rating

Always fast turn around time and quality work. Wish I had used them the last two years.

flag

User Id: 451554 - 11 Jul 2020

Australia

student rating student rating student rating student rating student rating

I am writing to inform you that I have received my grades for Human Growth & Development. They are as follows: Assignments 8 & 4 = 100%. Thank you for such professional services rendered! I am looking forward to a continued relationship in the futu...

flag

User Id: 452606 - 11 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?