Lastly but not least, Ruth Chris challenge was selecting the appropriate development model in conjunction with the management team but required additional information criteria in order to guarantee the future success of the organization. Analyzing Case Data The main focus for Ruth’s Chris was to create additional revenue for its stakeholders. As discussed in the above issues there were certain obstacles that faced Dan Hannah on the most suitable method and least risk. There were international franchise opportunities for Ruth Chris but management was facing evident constraints due to internal factors as well as external factors within the organization. Ruth Chris strengths were clearly evident in its products as they grew to become the largest fine dining
To remain competitive, ebay had to develop strategies, which includes define the businesses it would be competing in and how it would compete in those specific businesses. It also needed to decide how it would be a successful service to its customers. * Corporate Strategy: to become a diversified business ebay wanted to diversify not only the products it offered but also its customer base and global reach. The service it provides is appealing to both individual customers as well as large corporate customers. Hobbyist and collectors, casual sellers, professional buyers, and corporate sellers all belong to the ebay customer base.
The board of directors must by law be composed of volunteers, which can be an advantage to the company. These are also internal factors that have helped the organization be successful that it will want to leverage and grow. Asset leverage; Loyal customers; Market share leadership; Diversified products. They are all the strengths of the ALL. Asset leverage allows ALL to use their best operational assets to expand their business and improve their market share.
Lowes had to expand their brand image somewhat because of the large market share of the DIY market that the Home Depot held and the stagnation of the housing market in the 80s. The Home Depot seems to have a more recognizable brand in regards to their target market segment because of the consistency of their image. Because of this more recognizable brand and large market share it can be concluded that The Home Depot has a larger stronghold on the market and provides more goodwill for its investors than
Case Study 3: Crocs 1. What are Croc’s core competencies? Croc’s core competencies start with its highly flexible supply chain and the ability to fulfill new orders quickly, responding to increases in customer demand as it occurs. This would include them nearing vertical integration, owning a good portion of their own supply chain, with the flexibility and ability to meet small or large customized orders to a large or small volume customer. This is their primary core competency because it is revolutionary inside the footwear industry, and is not easy for their competitors to imitate.
Woodmere Products Case 1. What are the major business propositions for Woodmere and HomeHelp to consider in evaluating this proposal? Is time-based logistics the right strategy for each company? The major business proposition for Woodmere is Woodmere can benefit a lot from accepting the HomeHelp challenge. They can not only learn how to develop a totally new customized delivery system but also consolidate a good business relationship with HomeHelp which is a big customer.
First, offering to purchase on the website will gain more attention from customers because of the convenience of time. Time plays a huge role in customer’s experience, for that reason customers will gain the easy of buying products online at Kudler Fine Foods. Additionally, KFF can advertise the unique products and services offered added to having customers enjoy the benefit of shopping online. For instance, coupons, weekly specials, gift cards are some of the incentives that the website can offer to attract more customers’ trough the website and increase revenue. In conclusion, Kudler Fine Foods needs an effective management team to operate successfully at their best ability by allowing them to implement their knowledge and skills to improve productivity around the business.
By consolidation and retention of the competition, Service Experts was able to capture market share in the HVAC service. Service Experts made a brilliant move on the behalf of obtaining contractors that they have groomed and set up for success. This drove the growth strategy for the company, acquire and conquer are strategies that are used all too often in business. It can be seen as a process of forward integration, but in a service based module, and not a manufacturing base sense. The growth strategy of capturing market share and growing revenue to increase business presence in the market was achieved for Service Experts.
However, separating this small contractor segment entails a process of market research to really know if the market is large enough and has enough purchasing power to be worth pursuing. Nevertheless, if the in-home market is really saturated, one way the company can expand and cope up with the competition is enter into this new market. Some of the junior salespeople can also specialize on this segment and might get better sales volume since it is still untapped or somewhat neglected. As long as the market is viable and the company has competent salespeople to attend to this new market needs, then there is nothing wrong in pursuing to enter this market. 2.
The furniture showroom/open warehouse is a unique store concept that people find an interesting and effective way of shopping for furniture and in-house products. This concept has succeeded in attracting more customers. 2. How did IKEA diversify? IKEA has been diversifying for a long time in terms of both product variety and geographical expansion.