Running head: FUNCTIONAL AREA INTERRELATIONSHIPS Functional Area Interrelationships Bruce Davis Anthony Payan Megan Smith University of Phoenix Functional Area Interrelationships The primary reason for Lafleur Trading Company is to supply the world finest food and wine to their customers in an economical way. The mission statement is “We will provide our customers with the highest quality foods at a reasonable price. While profits are important, we will recognize that we have responsibilities, as a corporate citizen, to our customers, our employees, our community and to the world. We will act fairly and justly in the conduct of our business (Apollo Group, 2009, p. 1)”. The Lafleur Trading Company also strives to maintain great employee relations.
M E M O R A N D U M TO: Supervisor, Name FROM: Name Re: Cost of Quality considerations Date: December 6, 2013 Mr. Name We as a manufacturer of tangible products must ensure our merchandise is of the best quality before it reaches the consumer. This is imperative if we are to maintain a competitive advantage in the marketplace, while in addition earning repetitive and referral business from our customers. There are three main types of costs associated with producing quality products. If we are aware of the following costs of quality, and implement them in areas in need of improvement, the quality of our merchandise will improve, our customer satisfaction will improve, and our reputation will improve, resulting in a more prosperous business. The three types of costs associated with quality considerations are prevention costs, appraisal costs, and internal/external failure costs.
The liaison will provide information that helps the parties involved in the negotiation to understand the mission statement of the company, and the important of keeping the label in their product in order to not lose the target audience. The liaison officer will support strategy and research that help both parties involved in the negotiation. This aspect will help the business partners to understand the importance and recognize what the tea company has with their loyal customers. Also, the business partners will understand the significance of promoting itself as a healthy product, and the importance of keeping their label and their authenticity. How would your team
The 4P’s (product, place, promotion and price) describe the marketing mix (McCarthy 1960 as cited in Blythe 2008). Product is possibly the most important as it represents the company and essentially makes profit. Product decisions involve choices including brand name, guarantees, packaging and services (Jobber and Fahy 2006). The product must be what consumers want and meet expectations. The core benefit of McCain Original Oven Chips is to satisfy hunger, which meets basic consumer needs.
Analyzing Calphalon’s issues, it comes out that its acquisition by Newell (consisting in a process of related diversification) would create value for both companies. In fact we must consider all the valuable things that this cookware manufacturer has to offer to its acquirer and vice versa: new channels where to sell premium products, that is to say non-mass merchandise markets, without cannibalizing Newell’s products sold in mass retailer stores (remember that Newell owns other cookware manufacturers); enhancement of competitive advantage through skills sharing, like Calphalon’s expertise in developing pull strategies and building strong connection with final consumers; strengthen Newell’s reputation by acquiring a prestigious brand name, thus not only functional objects, but also emotional ones; existence of a still profitable market in which other competitors haven’t reached a real leading position yet. About this last point, it’s important to highlight that the acquisition by Newell is fundamental for Calphalon in order to reduce its prices, always 20% higher than its main
It is important for the success of any company, especially one as huge as The Cheesecake Factory that the confidentiality of information, especially for the third parties, be maintained. There’s another key area in Article V of the company’s code of ethical conduct is in the section that talks about prohibiting insider trading. In the part that deals with prohibiting insider trading it talks about, “ An officer or director shall
Papa John’s products and services are to satisfy customers’ needs and create a good relation with their customers. Papa John’s best value discipline is that they stand for quality. They emphasizes that a traditional Papa John’s superior-quality pizza is the main thing that they will consistently deliver ("Papa John's Our Core Values", 2015). Papa John’s is up to their words; thus, by being accountable to themselves, their customers, and business partners, they earn the right to hold others to a higher level of accountability. At Papa John’s excellence is expected in everything they do; thus, Papa John’s
1. Using the strategic training process shown in Figure 2.2 of Noe identify each component of the company’s strategic training process. The first component of Just Born’s strategic training process is its mission, vision and values. Just Born’s stated mission is “Aggressive growth and above average profitability through superior leadership.” Their declared vision also gives insight to the company’s values “Continuing as a family-owned confectionary company, our commitment is to be market-driven, quality business enhancing our reputation as a progressive, ethical, and respected employer, manufacturer, marketer, and member of the community” Both Ross and David made it clear the goals of the company closely align with its vision statement. They Just Born to be a respected company and obviously a profitable company.
While the Code provides guidance for a range of workplace situations, the high standards that characterize our work environment can be summarized in a few simple principles. Respect for our customers We listen to customers and strive for workplace excellence that enables us to meet their needs and exceed their expectations. Respect for our colleagues We develop highly motivated and effective team members by fostering a safe workplace that values diversity and teamwork. Respect for our company We are accountable for how our actions reflect on the company’s reputation and for the prudent use of company resources. Respect for our communities We support the communities where we do business and act as responsible global citizens.
This will sort them texture that they have made an informed and wise decision as it will minimize the buyer’s remorse that customers usually feel at certain point or another. Another touch point we employ is ensuring that customers have a clear understanding of the benefits and services that our product offering them and that the same information truly being communicated in all of the company. This certainly helps to reinforce that they have made the right choice and minimizes confusion. There is nothing worse for customers to receive two different information at different point along the customer spectrum from a recent decision that they have made to purchase your product, and to avoid that; our company trains employees to provide correct and same information to the customers to create the customers fully understand the