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Essay Available:
Pages:
6 pages/β‰ˆ1650 words
Sources:
10 Sources
Style:
Harvard
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.K.)
Document:
MS Word
Date:
Total cost:
$ 25.92
Topic:

Operational Issues with 7/11 Expanding to the UK

Essay Instructions:

Individual work should consist of a 1,500-word report on a chosen aspect of the planned new venture; it can be longer to allow for graphics, charts, diagrams, and additional relevant information. Each team member is to submit a report about some aspect of the planned new venture. For example:• Address any of these types of questions about the new venture: What? Why?Where? Who? When? How? Etc., focus on the following:
Operations issues for 7/11 expanding to the UK
It is in your collective group interest to focus your respective individual reports on different areas that would be useful to develop and combine for the final group report.The aim of this is to give each team member a chance to focus on a particular area before the group starts to take the venture further forward toward the final business plan.It should help each team member understand the key points about the business idea.By this stage, each team will have discussed the idea in sufficient detail to be able to explore an area in more detail. The ideas can be expected to evolve and develop further as more in-depth research is done, but the foundation should be present in each individual report.
A range of ideas can be expected to have been debated by the team, culminating in an agreed-upon concept for further development. Each report is not expected to be conclusive for the final business plan but more of an exploration of an issue, which will help highlight where any gaps are. The contents can be expected to vary according to the type of issue pursued.Working together well is an essential element in creating the final group business plan (Assessment 2), as is the clarity and execution of individual roles, and a fully effectiveteam will take ownership of the whole final document

Essay Sample Content Preview:


Operational Issues with 7/11 Expanding to the UK
by [Student’s Name]
Course
Professor’s Name
Institution
Location of Institution
DateOperational Issues with 7/11 Expanding to the UK
Introduction
7/11, the convenience store chain, dominates the worldwide retail market, especially in North America and Asia. As 7/11 considers entering the UK market, it must realize that this will provide many operational hurdles and regional concerns. 7/11's UK growth would present operational challenges, as this paper details. A thorough understanding of these aspects is necessary for a large commercial project. This report examines these operational issues to illuminate critical challenges like regulatory compliance, market adaptation, and local consumer preferences and provide valuable insights to help 7/11's UK expansion business plan.
Market Entry Strategy
7/11's UK market entry strategy considers many factors before deciding "What," the corporation must carefully assess its UK products and services. This includes tailoring the product mix to local tastes and regulations. Introduce British-tasting items and comply with labelling and packaging standards that may differ from other 7/11 regions. The "Why" of the plan defines 7/11's expansion goals and long-term vision. It is crucial to understand the reason for entering the UK market—to reach new customers, diversify revenue streams, or use its worldwide footprint to enter a new market (Hampton et al. 2022, p.7). When choosing "Where," consider high-traffic regions, local competition, UK demographics and purchasing trends. The "Who" component requires thorough market research and UK consumer behaviour analysis to determine potential customer segments. Finally, "When" and "How" are crucial to 7/11's UK expansion strategy, with time and operational aspects crucial. The UK market entry of 7/11 entails modifying products and services, understanding the purpose behind the move, carefully selecting shop locations, identifying target customer demographics, analyzing timing, and addressing operational issues. These factors comprise a thorough market entry plan to help the organization succeed in this new market.
Regulatory Compliance
Regulatory compliance is 7/11's top priority for UK expansion. A complete collection of laws and regulations affects corporate operations in the UK. Compliance with UK labour laws comes first. 7/11 must follow the country's labour laws, including minimum wage, working hours, and employee rights. This involves learning and adjusting to UK employment rules, which may differ from 7/11's home country or other overseas markets. Corporate taxes, VAT, and additional charges are essential to regulatory compliance. The corporation must master the UK tax system to avoid legal issues and fines (BELLO and CAN, 2023, p.867). Another crucial step is getting business permits. 7/11 

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