This course will introduce the basic concepts of retailing to the participants. The key take away would be understanding how a retail business works; the core issues and challenges involved; the key terms and terminologies associated and an appreciation of Indian retail sector.
This course is archived
Future dates to be announced
About this course
This course is an introduction to understanding retail business. In this course, we will try to unravel the business model of a retail business – essentially the brick and mortar segment.
We will define and discuss retail formats and deliberate the evolution of retail formats. We will use various theories and illustrations that explain the retail business as it is today.
Prerequisites:No previous experience required. However participants will benefit more if they have a willingness to know the basics of retail management.
An introduction to the retail business model for brick and mortar formats Define the various constituents of retail strategy How to develop and sustain a competitive advantage in retail sector Define the practical tools and techniques of retail strategy
Syllabus
Week 1: Understanding Basics of Retail Business
What is Retailing?
How does Retail business work?
Retail verticals; Roles and responsibility, Organizational structure
What is organized Retail?
Why retail business is significant today?
Week 2: Understanding Retail formats and strategies