Question

What assumptions about J.C.Penny’s 5C’s (Customers, Competitors, Collaborators, Context, and Company) must hold true for the repositioning to be effective? What does Johnson perceive in these factors that lead him to believe that “Fair and Square” pricing can be a successful approach for J.C. Penney?

read the case J.C. Penney's 'Fair and Square' Pricing Strategy. Harvard Business School Case.

Answer 1

Johnson needed his most recent estimation technique to augment the value of the money got by the organization. He thought this would have been seen by clients as appreciation for training. Through the perspective of the up-and-comer, they will discuss creative promoting procedures to stay aware of the restored gauge of JC penny. Groups together are going to shading and be associated with the organization that is having a gander at their prosperity. For a situation, every one of the partners and customers ought to acknowledge why such improvements were essential as far as authentic experience, current and advancing patterns and the difficulties of the contestants.Discussing the assumptions of the association, both the individuals and theorists underwrite the examination and attempt the push ahead. I trust it's smarter to direct a shopper and worker survey to gather their input by looking into those upgrades heretofore. Suppositions can't all capacity.