How to Create Retail Organizational Chart in Word
According to a report of Statista, there are approximately 4 million retail establishments in the United States, such as bookstores, grocery stores, and restaurants. In fact, the total over retail sales in the U.S. is predicted to increase to 5.99 trillion U.S. dollars in 2023, as opposed to the 5.46 trillion U.S. dollars made in 2019. It shows that the retail industry is up and booming.
Regardless of what type of business your retail company is running, it's essential to visualize your company's hierarchy. An excellent organizational structure has multiple benefits in terms of tracing the core function of every employee. With that, we have given tips to help you construct your retail organizational chart in MS Word.
1. List the Names of Your Employees
You may be running a supermarket, retail enterprise, supermarket chain, fashion clothing store, department store, or hardware. Whatever industry you are focusing on, know that collecting the names of your employees is crucial to determine their position in the company. Using a simple chart can also help management organize which department each employee belongs to.
2. Classify Each Position
While working on your organizational chart, it's also ideal that you classify the employees' positions. Labeling their posts below their names lets everyone know their role in the organization. This chart can also be helpful for new hires so they can recognize their superiors or who they need to report to.
3. Organize the Chart According to Its Hierarchy
You have to keep your creative organizational chart easy to understand for everyone. So, organize your chart from the highest position available down to the bottom tiers. Remember to keep it in order as not to confuse those who have dreams of climbing up the organizational ladder.
4. Submit It to the Company
Before you make a presentation, proofread and verify your work to eradicate errors and typos. The outcome must be presentable, tidy, and propose great visualization. Its overview will determine what area is responsible for specific tasks, and which department requires more workforce.
What are the different types of retailers?
1. Itinerant or Mobile Retailers
2. Fixed Shop Retailers
3. Hawkers and Peddlers
4. Market Traders
5. Street Traders
6. Cheap Jacks
7. Fixed-Shop Small Retailers
8. Fixed-Shop Large Retailers
9. Independent Retailers
10. Chain Store Retailers
11. Manufacturer Owned Outlets
12. Franchisee Outlets
13. Department Stores
14. Specialty Stores
15. Variety Stores
16. Self-Service Stores
17. Limited Service Retailers
18. Full-Service Retailers
What does "retail business" mean?
Retail business is a term used when a provider sells finished goods to consumers in exchange for money. These said companies could include drugs, groceries, convenience, and department stores. Other considered retail businesses include rental places and beauty salons since they fall under the service-related retail group.
What considers as a major type of retail organization?
1. Corporate Chains
2. Voluntary Chains and Retailer Cooperatives
3. Consumer Cooperatives
4. Franchise Organizations
5. Merchandising Conglomerates
What is the main purpose of an organizational chart?
An organizational chart is a type of diagram that visualizes relationship hierarchy in your organization. The said chart also shows the structure of the business, government, and other organizations.
What are the basic kinds of organizational charts?
1. Functional Top-Down
2. Divisional Structure
3. Matrix Organizational Chart
4. Flat Organizational Chart