Elements and Performance Criteria
- Assess effects of economic trends.
- Monitor economic trend information from a variety of reliable sources.
- Identify emerging economic trends that may directly or indirectly affect organisational retail operations.
- Research possible effects of identified economic trends on organisational retail operations.
- Consult on findings with relevant organisational personnel.
- Select and prioritise economic effects requiring actions that fall within scope of role and responsibilities.
- Engage and motivate staff during adverse trading conditions.
- Inform staff of economic trends and encourage participation in identification of strategies for managing effects.
- Reinforce selling skills and opportunities for optimising outcomes of events, offers and programs.
- Negotiate adjustments to key performance indicators and discuss strategies for achieving expectations.
- Identify and implement strategies for boosting staff morale and maintaining optimism.
- Assess strategies for managing effects of economic trends.
- Review past organisational information to identify effectiveness of strategies for managing the effects of economic trends.
- Review industry information to identify innovative strategies for managing the effects of economic trends.
- Assess applicability of identified historical and innovative strategies to current organisational operations and economic circumstances.
- Communicate and negotiate with landlords, centre managers and local retailer groups to identify options for local action to attract customers.
- Manage costs to reflect variable trading conditions.
- Review infrastructure and service costs and identify manageable cost-reduction strategies in consultation with relevant personnel.
- Review administration and service delivery costs and identify strategies to maintain service levels with reduced costs, in consultation with relevant personnel.
- Review product range and supply arrangements and identify strategies to maximise sales and reduce costs in consultation with suppliers and relevant personnel.
- Implement and monitor cost-management strategies and introduce refinements in consultation with relevant personnel.