Retail Management
- Credits: 7
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The aim of the course is to prepare students for changes in development trends in retail, which respond in a fundamental way to new phenomena in the economy, gradual globalization, and changes in business structures. In addition to theoretical knowledge, attention is also focused on specific practical examples and their use in the practice of a business firm.
Knowledge:
Students acquire the ability to understand the changing strategies of management of business firms, they can apply knowledge of management of business firm, human resources, and ethical principles of business conduct in practice.
Competence:
From the acquired theoretical knowledge, students can systematize their knowledge in the field of retail management in relation to current trends and requirements of business practice, as well as critically analyze and evaluate individual elements of management of business firm. The competencies acquired in the teaching process make it possible to creatively assess the basic context in the management of retail activities of business entities and make decisions based on their knowledge. The goal is to achieve a high degree of independence and foresight in a known and unknown environment. Work proactively and responsibly as part of a work team. Application of innovative and creative thinking supported by professional presentation of the results of one's own study or practice.
Skill:
Students can integrate individual specific attributes of retail management into a comprehensive whole and apply the acquired knowledge in solving practical tasks. They develop the ability to systematically search, analyze and process the necessary information for processing the semester assignment. At the same time, during the processing of the semester assignment, they also develop the soft skills, such as teamwork and communication skills. The case study platform motivates the student to further self-education in order to gain an advantage. Requirement of securing computer rooms for seminars for the needs of processing assignments in class. During the seminars, a space is created for each student to justify the sequence of steps implemented by him, the correctness of understanding and problem solving is verified, while other students are also involved in the discussion. The course of the lesson is managed by the teacher, who responds to a possible critical response of other students and directs the factual controversy of the discussed problem. For student activity, factual comments and observations, the teacher awards points, which are included in the evaluation of the subject. It supports the interest and activity of the listeners. During seminars and exams, the student develops his communication skills and ability to think critically in collective analyzes as well as in the defense of his analyzes and topics.
Indicative content
Lectures:
1. Importance of trade function
2. Business branch, business company, management of business companies
3. Store retail - retail formats
4. Business logistics
5. Spatial structure of retail
6. Methods of quantification of spatial planning
7. Planning and organizing a business company
8. Human resources management in a trading company
9. Requested lecture by a representative of the selected business company
10. Management of the movement of goods in the company
11. Pricing in a trading company.
12. Control, controlling, decision making in a business company.
13. Management of business operations in a trading company.
Seminars:
1. Introductory seminar, getting acquainted with the organization of work in seminars and with the conditions of continuous and overall evaluation. Introduction to the issue - The importance, definition, and function of trade in the economy.
2. Statistical classification of economic activities SK NACE.
3. Characteristic features of a retailing company, categorization of retail in a selected location in terms of forms of concentration and cooperation. Application to a specific business practice.
4. Field work. Analysis of shopping zone and shopping centers. Territorial arrangement of retail.
5. Presentation of the results of analyzes from field work.
6. Management and organization of complex and follow-up processes. Planning by network analysis method.
7. Calculation of basic characteristics and times of CPM, analysis of fulfillment of plans and principles of control.
8. Inventories in trade, their importance and classification. Determining inventory levels and their optimization.
9. Continuous test.
10. Case study of a retail company. Required working meetings with business representatives.
11. Presentation of semester assignments.
12. Consumer behavior.
13. Unfair commercial practices.
Support literature
BERMAN, Barry - EVANS, Joel R. - CHATTERJEE, Patrali. Retail Management : A StrategicApproach. 13th Edition. Harlow : Pearson, 2018. 592 s. ISBN 978-1-292-21467-2.
WRICE, M. First steps in retail management. Macmillan education au, 2004, 385 s. ISBN:0732991625
FERNIE, J. - SPARKS, L. Logistics and retail management: Insights into current practice andtrends from leading experts. Kogan Page publishers, 2004, 240 p. ISBN: 0749440910
ZENTES, J.: Strategic Retail Management. Gabler Betriebswirt.-Vlg, 2016 ISBN:978-3-658-10183-1
PRABHU TL, GURU M.: Retail Management: An Effective Management Strategy for RetailStore Managers. Nestfame Creations Pvt. Ltd., 2019.
Syllabus
Lectures: 1. Importance of trade function 2. Business branch, business company, management of business companies 3. Store retail - retail formats 4. Business logistics 5. Spatial structure of retail 6. Methods of quantification of spatial planning 7. Planning and organizing a business company 8. Human resources management in a trading company 9. Requested lecture by a representative of the selected business company 10. Management of the movement of goods in the company 11. Pricing in a trading company. 12. Control, controlling, decision making in a business company 13. Management of business operations in a trading company Seminars: 1. Introductory seminar, getting acquainted with the organization of work in seminars and with the conditions of continuous and overall evaluation. Introduction to the issue - The importance, definition, and function of trade in the economy 2. Statistical classification of economic activities SK NACE, collection of secondary database, work with data, their analysis and evaluation. 3. Characteristic features of a retailing company, categorization of retail in a selected location in terms of forms of concentration and cooperation. Application to a specific business practice 4. Field work. Analysis of shopping zone and shopping centers. Territorial arrangement of retail 5. Presentation of the results of analyzes from field work. 6. Management and organization of complex and follow-up processes. Planning by network analysis method. 7. Calculation of basic characteristics and times of CPM, analysis of fulfillment of plans and principles of control. 8. Inventories in trade, their importance and classification. Determining inventory levels and their optimization. 9. Continuous paper 10. Case study of a retail company. Required working meetings with business representatives. 11. Presentation of semester assignments. Evaluation by students, followed by teachers. Training in constructive criticism and opposition by presenters. 12. Consumer behavior 13. Unfair commercial practices
Requirements to complete the course
Evaluation during semester: 40%
term assignment - 15%
continuous assessment test – 15%
activity on exercises 10%
Exam: 60%
Student workload
Total student workload: 182 hours
participation in lectures – 26 hours
participation in active lectures - 26 hours
participation in active forms - 26 hours
processing of semester assignment - 26 hours
preparation for continuous assessment test – 26 hours
preparation for the exam - 52 hours
Total: 182 hours
Language whose command is required to complete the course
English
Date of approval: 20.02.2023
Date of the latest change: 21.07.2022