The organizational structure of a retail store is as follows-
Determining the organizational structure for a retail store is an integral part of a successful business plan. We have to lay out a clear and detail operational and a reporting structure which would help us in establishing individual responsibilities and a proper hierarchy. The complexity of the organizational structure for the health-food retail store would depend on many factors such as the size of the organization, the management’s philosophy and the type of management desired. The organizational structure includes the following components-
1. Operations Team- This team is one of the most important parts of the entire retail store. This team is completely responsible for the running the complete operations which include store operations, warehousing and shipping, security, logistics and facility maintenance. All these functions are responsible for the operations of a fully fledged retail store.
2. Finance Team- This team is responsible for all the financial aspects of the store. This team records all the financial data ranging from all the goods received from the respective vendors to the sales or volume of products sold to the customers. Basically, all the finances are recorded end to end by this team and then forwarded to the superiors.
3. Sales and Marketing Team- This team is responsible for the actual sales and generating the revenue of the retail store. The Sales team is usually divided into different departments or product specific area of expertise. The marketing team can use various marketing methods like banners, advertisements, good discounts, etc to make sure that the required sales targets are achieved.
4. Admin Team- This team ensures that the entire retail store is running its operations smoothly without any infrastructural or maintenance issues. This is very important as any issues relating to the physical parameters of the retail store could impact the operations.
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