The business began to grow because of the quality of merchandise and good customer service. The business grew during the 1990’s to 243 stores in numerous parts of the United States. Referring to the Competition and the Industry, Tanglewood is a part of a competitive and prosperous industry in the United States because it provides jobs to 15 million people and can account to 4 trillion dollars in annual sales. Tanglewood’s operating environment indicates that they are in a healthy standing. Tanglewood’s closest competitors appear to be Kohl’s and Target.
A quote by Peter Drucker sums it all up for Target corporation, “Marketing and innovation are the two chief functions of business. You get paid for creating a customer, which is marketing. And you get paid for creating a new dimension of performance, which is innovation. Everything else is a cost center.” Strategy and Organizational Structure The first Target store opened in Roseville, Minnesota, in 1962 that was easy to shop in, attractive and always clean. Its trendy merchandise at affordable prices launched a new era in discount retailing.
Strengths: Smucker was the leading producer of Jams, Jellies, and preserves in the U.S, Canada and Australia in Mid 2002.The company has met or exceeded consumer expectations, and has been also a long time sponsor of good events. It has a much focused portfolio allowing for the growth in shares of every brand. The company has a strong financial performance which allowed it to make acquisitions that have strengthened its brand portfolio. For example, the company acquired Folgers from Proctor & Gamble in 2008 by taking advantage of that company inability to beverage the brand most of Smucker profit in 2009. The acquisitions have improved its position in the food industry, and have been successful in Latin American and 45 other countries.
Tanglewood department stores are a moderately sized organization that has a strong growth potential. Tanglewood is going up against large-scaled, well-known department stores, and they are holding their own. They have a positive revenue growth of 4.2%, more than Dillard’s, JC Penny, Sears, Target, and WalMart’s revenue growth. Tanglewood’s employee growth of 3.75% is also beating out the other department stores, all except JC Penny. In order for keep the company’s current growth to continue, the staffing levels and qualities are going to have to be re-evaluated and changed when needed.
Over the past year the company sold 40,000 skateboards, with the following operating results: Management is anxious to maintain and perhaps even improve its present level of income from the skateboards. Required: * 1. Compute (a) the CM ratio and the break-even point in skateboards, and (b) the degree of operating leverage at last year's level of sales. * 2. Due to an increase in labor rates, the company estimates that variable costs will increase by $3 per skateboard next year.
He turned his life into a success in business and showed us a perfect example that even if we started off with nothing, if we work hard, we too can be successful. So, was Andrew Carnegie a hero or a villain? Andrew Carnegie is a hero because it shows how intelligent he was when it came to business, owned many businesses that opened up thousands of jobs for workers and gave millions of dollars to charity before he died. The first reason Andrew Carnegie is a hero was he was intelligent when it came to business. Andrew Carnegie takes something negative and turns it into a positive when he states that it is: “Not evil, but good, has come to the race from the accumulation of wealth by those who have the ability and energy to produce it” (Doc.
There are two primary issues in accordance with the progressive era that Putnam discusses. The issues are the economy and the population. Putnam also discusses the gilded age that was positive for part of the economy. Many businesses were established during thie period which led to the new form of economy. This economy was very helpful to the rich but detrimental to the poor.
How far was the growth of the American economy in the years 1890 to 1914 due to the rise of big business? (24 marks) From the years 1890 to 1914, the rise of enormous business prompted mind-blowing development of the American economy. Formation of trusts among the nation's heading organisations, for example, Carnegie Steel and Rockefeller Oil took up a dominant part of the business sectors. The American economy developed quickly amid this period, despite the fact that it was not developing as emphatically as in the 20s. Huge business unquestionably had impact in this development of the economy, yet there are still other additionally political and social impacts to consider.
Now that his company is prospering, Finley realizes that his “secretary” was paid 127,614.21 for her services last year and that she will earn at least 10 to 15 percent more money in the coming year. Finley was concerned by this and feels that something should be done. Key issues The article states “the average salary in the area for executives secretaries was probably between 22,000 and 25,000 per year” (Cousins, 1992, pg.5). Now that the company was flourishing, Finley had a staff of seventeen people. The best salesman had earned a salary ranging in the low sixties, while the managers earned an amount in the high forties to the mid fifties.
With low prices from the massive jump in factory efficiency, a middle class citizen could now purchase the latest and greatest piece of technology in decades. The production process and treatment of workers also had a similar impact, allowing more of America to enjoy this marvelous piece of