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1 – 10 of 12Sophie Bowlby, Michael Breheny and David Foot
The previous article in this series (RDM November/December) examined techniques designed to search out areas of the country that might have potential for new stores. This article…
Abstract
The previous article in this series (RDM November/December) examined techniques designed to search out areas of the country that might have potential for new stores. This article looks more closely at finding the best site available within a chosen area. It discusses store turnover forecasting techniques, and also considers the question of assessing viability in product‐dominated markets.
Sophie Bowlby, Michael Breheny and David Foot
Many retailers, conscious of the increasing difficulty of finding good, viable sites for stores, have recently been considering the large array of store location techniques now…
Abstract
Many retailers, conscious of the increasing difficulty of finding good, viable sites for stores, have recently been considering the large array of store location techniques now available to them. The success of the two seminars on store location organised by RMDP in February 1983 and June 1984, bear witness to this concern. However, these retailers are likely to find it difficult to assess the efficacy and suitability of the bewildering range of techniques offered. This article, and three to follow, attempt briefly to guide the interested but wary retailer through the technical maze.
Discusses the difficulties facing retailers whose profitability hasfallen while sales have risen, and the effects this has on the retailproperty market. Identifies the financial…
Abstract
Discusses the difficulties facing retailers whose profitability has fallen while sales have risen, and the effects this has on the retail property market. Identifies the financial health of the retailers, discerning customers, occupation cost uncertainty, boom in floorspace, and competition from the non‐property market as factors which require a marketing effort by the property industry. Concludes that the use of information is vital for the property market to attract retailers.
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Sophie Bowlby, Michael Breheny and David Foot
The first article in this series explained why store location decisions are becoming more difficult. This article, and the next two, look at the pros and cons of various…
Abstract
The first article in this series explained why store location decisions are becoming more difficult. This article, and the next two, look at the pros and cons of various techniques that are now available to help retailers make such decisions. The three articles are presented in the sequence a retailer might follow as part of an ‘ideal’ store location strategy. This article looks at techniques aimed at searching out areas of the country that might have potential for new stores; these are referred to as search techniques. The next article discusses techniques that will forecast the likely turnover of a store on a particular site selected within the area of identified potential; these are referred to as viability techniques. The fourth and final article in the series will, as part of a consideration of evaluation of existing stores, look at techniques concerned with the effect of localised design, siting and perception issues on store performance; we can call these micro assessment techniques. The first part of this article will act as useful background for discussion of all three levels of technique application.
Sophie Bowlby, Michael Breheny and David Foot
The last article in this series discussed ways of assessing the viability of a store on a specific site. The techniques discussed in that article are used to determine how the…
Abstract
The last article in this series discussed ways of assessing the viability of a store on a specific site. The techniques discussed in that article are used to determine how the general locational characteristics of the potential trade areas of the site will affect sales at a new outlet. However, a store's performance can be strongly influenced not only by such general trade‐area characteristics but also by micro‐level features of the site. For example, whatever the number of potential customers in the locality, if an outlet has unattractive and dingy surroundings, lacks viability, or has poor local access, it will probably attract little business. In the first section of this article, therefore, the authors examine ways of estimating the nature and significance of such micro‐level site features. This takes us down to the third level in the “search‐viability‐micro” strategy suggested in article 2 (RDM, Nov/Dec 1984, p. 41). In the second section the authors turn to the evaluation, not of potential new outlets, but of existing outlets. Given the massive investment that major retailers have tied up in existing stores, as compared to that put into each additional store, it is remarkable that so little work has done on methods of evaluating existing stores. In the authors' view, both the estimation of the effects of micro‐level factors and the evaluation of existing outlets are grossly under‐researched areas.
In order to implement the sustainable development principles of Agenda 21 some municipalities in Sweden have developed scenarios for sustainable local societies. These scenarios…
Abstract
In order to implement the sustainable development principles of Agenda 21 some municipalities in Sweden have developed scenarios for sustainable local societies. These scenarios differ from the two previous generations of scenarios in the sense that they require the participation of citizens in their preparation and implementation. This article discusses the premises of the three generations of scenarios: expert, hybrids and participatory. It describes the efforts to prepare a participatory scenario by the municipal government of Orebro (Sweden) in order to provide guidelines for a sustainable society. The article also discusses a method for preparing such a scenario.
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Andrew Brady, Brian Breheny, Michelle Gasaway, Stacy Kanter, Michael Zeidel and Monika Zhou
To explain the US Securities and Exchange Commission’s (SEC’s) June 29, 2017 announcement (as updated August 17, 2017) that the staff of its Division of Corporation Finance will…
Abstract
Purpose
To explain the US Securities and Exchange Commission’s (SEC’s) June 29, 2017 announcement (as updated August 17, 2017) that the staff of its Division of Corporation Finance will accept draft registration statement submissions from all companies for nonpublic review, thereby expanding a popular benefit previously available only to emerging growth companies (ECGs) under the JOBS Act and, in limited circumstances, to certain foreign private issuers under historical Staff practices.
Design/methodology/approach
Explains the rationale and limitations of the new policy, the existing confidential submission process, the expanded class of issuers and transactions that now qualifies for the nonpublic review process, and content and staff processing details.
Findings
Recognizing that the confidential submission process for EGCs proved highly popular and quickly became standard practice for eligible companies seeking to conduct an IPO, the SEC has made the nonpublic review process available to an expanded class of issuers and transactions. The expanded confidential submission process for IPOs addresses some of the typical concerns associated with engaging in the IPO process by giving a company more time and flexibility to determine whether it actually will be able to achieve the benefits of going public before it incurs the burdens and expenses of doing so.
Originality/value
Practical guidance from experienced securities and corporate finance lawyers.
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Chongryol Park, Ronald McQuaid and Suzanne Mawson
This paper explores key factors influencing high-performing, sustained growth, high-tech small- and medium-sized enterprises (SMEs) in South Korea.
Abstract
Purpose
This paper explores key factors influencing high-performing, sustained growth, high-tech small- and medium-sized enterprises (SMEs) in South Korea.
Design/methodology/approach
A qualitative study is adopted to explore seventeen founder owner-managers of high-tech SMEs who sustained consistent employment growth, greater than the industry average, for seven years. Within the sample, those with higher (10% or over) employment compound annual growth rates (CAGRs) over this period are also compared to those with lower rates.
Findings
The study suggests that proactive approaches, such as flexible organization, risk management, fast decision-making and international market entry, are seen as important contributing factors to sustained growth. These findings contribute to a better theoretical and empirical understanding of sustained high-tech SME growth, in a country with a strong entrepreneurial and internationally competitive information technology sector. Also, collaboration across the SME was perceived as making an important contribution to staff development and growth, consistent with stewardship theory.
Research limitations/implications
The sample is based on successful high-tech SMEs, so there are limitations in extrapolating results to other types of firms, sectors or countries.
Practical implications
Key factors identified in this study can be considered by entrepreneurs seeking to achieve sustainable business. These also provide improved understanding for policymakers into the complexity of factors related to sustained and high growth of technology-based SMEs, which many countries are keen to foster to aid national economic growth.
Originality/value
The research provides new evidence exploring the diverse perspectives of founder owner-managers, on the sustained growth and failure in South Korean high-tech SMEs, and how these have changed since the inception of their business.
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The Central Training Council first met on 4th June 1964 and since then has established five committees: a Scottish committee, a Welsh committee, a general policy committee, and a…
Abstract
The Central Training Council first met on 4th June 1964 and since then has established five committees: a Scottish committee, a Welsh committee, a general policy committee, and a commercial and clerical committee. The fifth one, on research, is the latest to be formed (see page 54).
The theory of competitiveness of cities is based on Porter’s Diamond Theory. There is a relation between housing and urban competitiveness. The adequacy of land supply and…
Abstract
Purpose
The theory of competitiveness of cities is based on Porter’s Diamond Theory. There is a relation between housing and urban competitiveness. The adequacy of land supply and allocation of land for new housing development is integral. This paper aims to estimate the required number of housing units to secure housing needs in Tehran for the next four years in 1400 H.Sh (2021 A.D.). The research methodology is carried out using qualitative and quantitative approaches based on the given data. First, the population of Tehran in 1400 H.Sh was predicted using nonlinear quadratic polynomial, Gompertz and logistic models. Then, a Logistic model is proposed to estimate the number of housing units in Tehran. The calculations of residential units related to the population obtained from the Gompertz model equivalent to 663141 is suggested as a criterion for local authority to future decision making and planning for urban development.
Design/methodology/approach
The present research is an applied research in terms of the purpose a descriptive research in terms of the nature and methodology and a descriptive-analytical research in terms of attitude and approach toward the research problem (Hafeznia, 2013, 58, 63 and 71). To provide the required information for the analytical stage, a documentary method, related to the use of internal and external books and papers, has been applied. First, the population of Tehran in 1400 H.Sh is estimated using three nonlinear models of quadratic polynomials, Gompertz and logistic. Then, among them, the options that were more consistent with the estimation of the new comprehensive plan of Tehran (1386 H.Sh), which is the most important plan of this city, were chosen. After that, by using the logistic model, which is an appropriate expression of saturable phenomena and a suitable method of estimating the number of residential units in a city and based on the past trend, the future of housing is predicted, and the number of required residential units is determined.
Findings
Any city for competitiveness must seek the search and development of a set of unique strategies and practices that will shape its status from other cities. No single action for all cities is feasible. In fact, the most important challenge is to propose a unique value proposition and to formulate a strategy that distinguishes that city from the rest. Among the measures taken around the world is attention to infrastructure. From the point of view of competitiveness, different types of investment in infrastructure are important for different types of cities and in different stages of development of a city. Large cities need targeted investments in housing issues to overcome the segments associated with the poorer neighborhoods. Without investment in desirable housing, there will be holes in competitive advantage. In this paper, the number of residential units in Tehran was projected for 2021. The city’s population was originally estimated for 2021. In addition to the models used to predict and estimate necessary, it is necessary to consider the area, land use map, future development lines and […] city. To this end, the city can continue to meet the needs of residents’ diversification and the city’s needs. We cannot accept any predictions about the population and, consequently, the number of residential units. Providing predictions can provide the most predictive, or more prudent, and different scenarios that can emerge, which will lead to flexibility in the presentation of plans and programs. Among the models that were used to predict the population, the result obtained from second-order polynomial and Gompartz models was found to be appropriate for the estimation of the new comprehensive design of Tehran (2007). But the prediction of the population of the logistic model was beyond the prediction of the new comprehensive plan of Tehran (2007) and thus was not considered appropriate. The number of residential units required according to the predicted population of the second order polynomial models, Gompartz and the population considered in the new comprehensive plan of Tehran (2007). After the finalization of the proposed population, using the logistic model, the number of residential units needed in Tehran was projected for 2021. Since these three estimates are somewhat close to each other, it is suggested that Gompertz model calculations, equivalent to 663,141 residential units, are proposed, and according to that, local authorities are planning to supply land to achieve economic competitiveness (urban). As it is shown in the conceptual model of the paper in Figure 1, after determining the need for housing, it is necessary to ask whether the adequacy of the supply and allocation of land, as well as the importance of maintaining it for the development of housing by local authorities, is clear. Also, is there any suitable planning for that? Despite the severe shortage of ready-made land for the city of Tehran, a large volume of land is a large area owned by natural and legal persons, and, in particular, state-owned enterprises of semipublic and public institutions, which have been abandoned in cities for years without use and in the form of barren. According to municipal management laws, municipalities can receive land, taxes and fees that are included in the annual budget of the Tehran Municipality. According to the figure obtained from this study, which states that 663,141 residential units are needed for Tehran in 2021, large landowners in Tehran need to supply their land to the market. According to the Population and Housing Census in Tehran in 2011, there are 245,769 inhabited vacancies in Tehran; hence there are two scenarios for the provision of residential units in the city of Tehran in 2021, assuming that these units in the housing market require 417,372 units Another residence will be for Tehran, otherwise 663141 residential units will be needed for Tehran in 2021. Other possibl
Originality/value
Tehran is the largest city and the capital of Iran, and it is also the capital of the province Tehran. In the southern foothills of the Alborz Mountains within a longitude of 51 degrees and 2 minutes East to 51 degrees and 36 minutes East, with an approximate length of 50 kilometers and latitude 35 degrees and 34 minutes North to 35 degrees and 50 minutes North with an approximate width of 30 kilometers. The area of this city is 730 km2. This is one of the largest cities in West Asia, the 25th the most populous city, and the 27th greatest city to the world. The administrative structure of Iran has been concentrated in this city. The city has been divided into 22 zones, 134 areas (including Rey and Tajrish), and 370 districts (Wikipedia). The problem of housing in the city of Tehran has always been one of the important issues that less has been planned for it. The result is housing shortage, high housing prices and so on, due to the excessive expansion of the city, its population increase and so on.
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