Management Practices and Business Strategies to gain Competitive Advantage in Indian Retail Sector Business

Abstract — The changing face of retail sector business in India has hugely impacted by the entrance of multinational retailers and increase in foreign direct investment in retail sector business India. In this background the need for competitive advantage becomes essential for the retail industries in India and how the western retailers are influencing the customers in the global market are studied to implement in the Indian retail sector. The report analysis three UK retailers and three Indian retailers in putting the theory in to practice, how the western retailers are successful over using the best management practices and business strategies to gain competitive advantage in the global market. The report also discusses the various theories that would help the retail business to gain competitive advantage by applying the theory in to practice effectively in the business practice. The report finally makes conclusions and recommendations for the Indian retailers how to gain competitive advantage in the Indian retail market and the global retail market