Business Management Program
The Certificate Programme in Retail Business Management (RBMP) is an intensive programme, designed to enhance leadership in the context of Indian retail. This programme enables participants to evaluate their own retail strategies, discover newer models from national and international markets, and explore various challenges that are synonymous with this industry.
How we will?
We conduct training sessions with relevant case studies, lectures, and panel discussions, the programme helps participants gain newer perspectives to stay ahead in a fiercely competitive market. Study incorporated in the programme will helps participants to learn first-hand from the best practises. The programme includes an action learning project where participants can directly apply the concepts learnt in the programme to their own real-life business problems. Thus the programme provides a holistic understanding of the retail business and enables participants to lead the Indian retail revolution.
- Describe how the consumers’ decision process affects retailers
- Understand how changes in operational variables (e.g., price, COGS, demand, expenses) affect profit
- Describe how technology in retailing affects all channel members
- Understand both the theory and practice of pricing merchandise at the retail level – Markups, Margins, Discounts, Offers etc.
- Develop a retail strategy that appeals to a specific target market, which includes:
- An initial proposal of retail type and geographic area
- A complete analysis of the target audience – demographics, psychographics, and benefits
- Store layout and design – internal and external
- Develop an assortment and merchandise mix (fill the store with products).
- The development of a promotional plan to communicate your benefits to the consumer
- Inclusion of a human resource plan for staffing the right people at the right time
- A pricing and financial section – including the development of pro forma statements
The educational sessions provide different learning methods, including lectures, simulations, discussions of case studies and group work
In the Certificate course of Retail Business Management, you will learn broad-based business skills with retail-specific expertise. It is designed to prepare you for a general business management.
You will learn best-practice approaches for retail in India, in both physical and virtual environments.
You will also gain knowledge of retail-related disciplines such as logistics and supply chain management, retail design, combined with an understanding of the evolution of technology , consumer behaviour and visual merchandising within the sector.
Get Advice for Retail Business Management Program
Are you a Dubai / UAE Brand Looking to Start Retail Operations in India?
Expanding Dubai Retail Brand Operarions in India? Consider these Factors First! Due to favorable government policies, India has jumped 30 spots in the World Bank’s ‘ease of doing business’ list of countries. No wonder retail giants like IKEA, are starting their...
How Predictive Analysis is doing Wonders in Retail
Data analytics is the new-age technology used for determining the health of the organization and taking the necessary steps to enhance business opportunities. The information's are useful in organizing and drafting the future patterns. As the retail market expands...
6 Things you Must Keep a Check on Before Entering Into Retail
Contrary to the fears that e-commerce portals will bring a downfall of the physical retail format, the latter has bounced back with the might of the e-commerce channel. A booming consumer market in countries like India and China, entry of foreign retail players,...