Management turnover at Kmart
Kmart is a renowned discount based stores that are, in most cases, free-standing in particular malls. Usually, they contain CDs, DVDs, TV Shows, beddings, electronics, clothing as well as footwear. More diversified Kmart stores have even garden equipment, with some getting converted into supermarkets. Turnover, on the other hand, is the concept that relates to the speed with which a business conducts its activities and operations. In a typical business situation, turn over amounts to the degree and speed with which the company can collect cash from the accounts receivables. It explains how fast the inventory moves. In the context of management, management turnover links to the productivity and effectiveness of the management team at Kmart. Its management turnover is quite undesirable, most notably after the meager with Sears, a move that is widely considered suicidal. Today, Kmart suffers poorly trained cashiers and service desk, a small budget with no customer service, lack of performance reviews, and horrible Sears’ credit cards, among other things (Islam 39). All these points to an ineffective management system hence low turnover.
Islam, Muhaiminul, et al. “Application of Fishbone Analysis for Evaluating Supply Chain and Business Process-A Case Study on KMART.” Industrial Engineering Letters 6.7 (2016): 36-42.
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