4 Responsibilities Of A Retail Manager
It is said that if you don’t have a smiling face, you should never open your own shop/ business. This is reality. Customers will never enter a shop that has a sad and unhappy face welcoming them.
The scenario of Indian retail industry can be better understood in the following manner:
- As per 2013 data report, the market size of the retail industry is around US $ 490 Billion.
- In the year 2013, nearly 69 % of the total revenues in the retail sector were from food and grocery which was followed by Apparel with 8 % revenue contribution.
It is clear that this industry has a lot to offer in terms of opportunities. It is a wise choice to make a career in this industry. You will be successful only when you are able to be different than others. You have to be innovative and creative in a way that brings out your ideas in reality.
“Your most unhappy customers are your greatest source of learning.”- Bill Gates
When you will get into this industry as a retail manager, you have to understand the responsibilities which will be on your shoulders.
Few of which are mentioned below:
- Team player: A retail manager is the connecting medium between the top management and the employees. You will have a team of employees working with you. Your success will depend upon the joint efforts put in by your entire team. You alone cannot succeed. Hence, you have to work with the team and keep their interests in mind so that they don’t feel ignored. A happy team will always lead to positive and successful results!!
- Lead the staff towards a common goal: if everyone will work for achieving their own individual goals, the company will never make profits. The objectives will always remain untouched. It is the responsibility of the retail manager to motivate and lead the staff to make efforts for achieving the company’s goals. He has to make them realize that it is the only way through which they can reach their personal goals.
- Time management: There are various activities that a retail manager performs. Effective time management is the key to success. Time should be allotted equally to all the functions so that each one is completed on time and produces the required results.
- Innovation is the need: Customers love change. They need to be persuaded to buy a particular product. This will be done only when your products stand out uniquely among others. Find out what is the current interest of the customers and plan how and what needs to be changed to fulfill it.
Jaro Education in collaboration with Alliance School of Business is offering a 16 months Executive PGDM Program in Retail Management. This program is specially designed for working professionals who cannot afford to take up a full time program. This saves their time and gives them an opportunity to earn and learn at the same time.
Alliance University was honored with the “Shining Image of Indian Award” for the Most Emerging University of 2013 in recognition of its outstanding and remarkable contributions towards learning, teaching and scholarly research.
Grab the Golden opportunity of becoming a successful Retail manager in just 16 months!!
Connect with Jaro Education today!!