Learning Team Assignment: Strategic Initiative Paper Resource: Ethics and Compliance Paper Prepare a 1,050- to 1,400-word paper in which you describe the relationship between strategic and financial planning. Describe: This has to be for Starbucks A strategic planning initiative for your organization and identify an initiative discussed in the organization’s annual report. How the initiative affects the organization’s financial planning. How will the initiative affect costs? How will the initiative affect sales?
To date, they seem to have accomplished this. Gradually, Starbucks has added semi-automatic espresso machines, dispensing machines and new blends of coffees yearly. Ovens were added to each store to incorporate fresh pastries so patrons wouldn’t have to go to another store for their coffee cake. Breakfast sandwiches were added to the menu to expand to the breakfast food market. For employees, Starbucks has created a partnership attitude and a “Special Blend” (Working at Starbucks, 2011) of benefits.
Quantitative Analysis My choices for the Quantitative analysis is Taco Bell and Wal-Mart Taco Bell used forcasting and Qualitative analysis models to help save over $150 million in the mid 90’s, it started a trend that has caused many if not all fast food establishments to adopt this principle to focus on what time sales are at a peak and when more employess are needed and what training is necessary for the staff due to over/under rings and other factors. The choses process is a data warehouse and reporting structure to address the requirements for a fast food franchise operation. The company Exclusive ore designed and implemented the process initially for 80 Taco Bell and Kentucky Fried Chicken locations. The process was so effective it was implemented in all locations country wide and eventually internationally as well. The program had 2 main sources of data to gather, 1) Daily sales information automatically polled by the TACO system DePol utility.
My job was to be a receptionist, serving for the coming business partners in IFA at the booth, such as making a cup of café for my visitors, offering the related propaganda materials and business cards to them. Sometimes, I also made a simple introduction of Phicomm’s smartphones and a brief company’s information to my customers. If there are some potential business partners who are going to talk about the business cooperation at the booth, I also need to find the relevant Phicomm’s employees to help them. IFA is the biggest trade show for electronic and home appliances which attracts almost all the leading companies such as Samsung, Sony, Microsoft, Siemens, Toshiba, Bosch, Fisher & Paykel etc. to exhibit and present their latest products.
Date: Mon, 31 DEC 2007 4:43:52 +0000 To: “Darlene Wardlaw” From: "Bradley Crumpler" Subject: Apollo Shoes Inventory Observation While the “in-charge” was drinking coffee and scarfing down doughnuts with Karina, I was out in the warehouse counting! This is what I observed: • I saw the Apollo manager (Andrew Jacobs) giving instructions to the count teams. (I’ve attached a copy to put in the workpapers.) • Shoe boxes were stacked in pallets. Each pallet was six boxes wide by six boxes deep and stacked 30 boxes high (6X6X30=1080 boxes/pallet).
The store is open from 5:00 a.m. to 12:00 midnight. Many of the customers are repeat customers who come in to buy products they forgot from their regular grocery shopping expedition at the supermarket. The store sells about 3,000 different products ranging from toilet cleaner to 2 oz. jars of caviar, and champagne to liverwurst. Each product is displayed on a shelf on one side or the other of the aisle.
Macy’s Observation Just this past Friday I went to Macy’s coffee shop in Flagstaff to see if I could observe a group of people talking to one another. Macy’s is a small coffee shop that has seating that is located both inside and outside. After I ordered something to drink I took a seat inside the coffee shop that was located relatively in the middle, this way I had a better chance of someone sitting near me. Soon after, a guy and a girl had sat down at the table next to me which I had then soon observed them as being just friends by the way they spoke to each other. For the remainder of the time that I was there, the conversation between the two mostly consisted of them talking about their day at school and what they were going to do over the weekend.
When one needs to get an energy boost, they will usually turn to coffee. In past years, coffee was a slow product to make unless one wanted to pay for a premade cup brewed at a store. According to The Keurig Story (2012), since 1998, Keurig has changed the market by offering an at home single cup coffee maker with speed and efficiency that the consumer market demands. Product Description Single cup coffee brewing systems are the leading technology in the coffee industry today. Keurig, Inc. is among the top producer of the single cup coffee brewing systems.
I therefore have to balance the need for a quality cup of coffee with the need to stay within my grocery budget every month; however I am just one consumer. The price of wholesale coffee beans, are a real life example of how the price per pound fluctuates with supply and demand. In the competitive market of coffee beans, supply and demand, is determined by how many buyers and sellers there are for coffee beans. To find the market equilibrium one needs to look at the key elements, the demand curve, the supply curve, and market equilibrium (Krugman & Wells,
5) Week 4 Dq 1: Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain. http://www.cimaglobal.com/Thought-leadership/Newsletters/Insight-e-magazine/Insight-2010/Insight-March-2010/Standard-costing/ Week 4 Dq2: Flexible budgets provide different information than static budgets.