The stories success Essay Example for Free

The stories success Essay Technology would have the greatest overall effect on the stories success. To keep up with the competition constant training and flow of inventory has to be maintained drawing heavily on capitol resources. Also the skill level of employee’s would dictate a higher pay structure then required by regular toy stores. Rapid changes in technology would require a very liquid inventory. Items could quickly become antiquated, decreasing there value possible beyond original cost; at the very least putting pressure on the companies profit margin. This also means stock must be replaced whether old stock has been sold or not. This puts pressure on devaluing old stock even further to make space for incoming new stock. People already skilled in the industry need to be acquired. This will require offering more competitive salaries and benefit incentives to gather and retain these individuals. As these individuals are trained in new technology and gain more experience the company will have to aggressively instigate programs to retain these individuals with rich compensation raises and other more costly incentives such as stock options or profit sharing. Finding such rarified individuals might prove difficult causing the involvement of staff agencies, again increasing overhead costs. Also people might not like the idea of a toy store, filled with children, right next to where they will eat. Meal time is considered by most as a time to relax and unwind, which might not be done as easily in a restaurant attached to a congregation point for children with buzzing and flashing toys. A quieter establishment across the way might look more appealing.