Oops! Tim McGraw's label, Curb Records, has gone ahead and released yet another McGraw greatest hits album - without the musician's knowledge or permission! McGraw says he feels most for his fans - "It has to be just as confusing to the fans as it is to me." That's because this is the second compilation album since 2006, with only one studio album in between. McGraw says he's been working on a studio album for over a year now, performing new tracks on tour and hoping to release the new album in the fall.
Table of Contents Executive Summary 3 Introduction 4 Analysis of Alternatives 5 Alternative 1: Introduce a new product 5 Alternative 2: Increase promotion 6 Alternative 3: Raise prices and cut costs 7 Recommendations 7 Appendix: Budgeted Income Statements & the Rate of Growth in Profits 9 Executive Summary Shepard Poles is a manufacturing company that has been providing specialized poles in the market for over ten years. Shepard Poles has about three different product lines: hiking poles, downhill ski poles, and cross-country ski poles. According to the calculation on current operating data, the company has incurred a operating loss of $ 165,000 this year. If any new strategic initiatives are not implemented next year, the unit sales and all costs are expected to rise about 7 percent and 2 percent respectively. However, this situation would make the company incur more loss next year, which is about negative $ 293,586.
Paul Fortune was the GM for HI, came from England in April 2002 to the preparations for RDH. Problem: The challenge was to transform a large group of family-based employees, working under an ad-hoc management style, into a professional group of dynamic employees operating within a structured international organizational culture. Fortune also realized that many of the existing staff, who had been employed for as long as 30 years, were limited in their work professionalism and the ability communicate in English. Opportunities: Fortune has to reduce the number of employees from 675 to 350 employees by November 2002. A two month training period for all employees would being in search for employees with the right attitude and ability.
Trek Video Case 5 Question 1: What is the role of the buying center at Trek? Who is likely to comprise the buying center in the decision to select and new supplier? The buying center is a group of individuals who are responsible for finding the best suppliers and vendors for the organization’s purchases. At Trek, the buying center consists of a purchasing manager, buyers who identify domestic and international sources of materials and components, and representatives from research and development, production, and quality control. The communication between the product managers and the buying center is important.
MGMT 340 09/20/2015 Week3 Petrie’s Electronics Chapter 5 Case Questions 1. Information was collected by a vast directory. Jim and the marketing group utilized interviews from stakeholders related to the businesses they targeted. Trade journals, other companies that used the companies the group was researching, various vendors, marketing departments, and possibly even customers. The most information the group can collect from company can result in a better decision on a company that can assist with quality versus price options and customer support of products in demand.
Duke Energy is traded on NYSE and DUK, also accumulating $110+ billion in assets. This company is financially stable holding 7.2 million electric customers and 500,000 gas customers. This company is able to keep so stable because of the services they provide. In this generation every person lives off of electric and needs it in their daily lives. They create budget plans for their customers so it can be affordable, and are able to receive the rest of the rest of the full payments at the end of the year.
If they have to go and get a car during the week, it will cost $75 per car, considering the lost time and good will of making the customer wait. Moving on Sunday gives the customer the option to return the car to any of the four locations and it has allowed Henry and the other agencies access to extra cars to meet their needs. Everyone is happy with this arrangement. Henry reviewed his company’s performance and he believes there is room for improvement. He has obtained records for the last three months.
Week 5: Team Assignment Poppler’s Scenario Poppler’s management wants your team to create a proposal to implement technology upgrades to its inventory and customer management systems. Management wants to know how it can benefit from the introduction of new technology and if the investment will pay off. Review the existing business practices of Poppler’s (see Poppler’s gift shop scenario under the Materials tab) and using research, determine what technology upgrades you would recommend. Your team must provide specific information on the major components needed for the upgrade and your rationale for the
Access the Evaluating Business Performance: Small Business Case Studies video in your online course. The video focuses on profitability, liquidity, efficiency, and stability of business. Given what you have learned about ratio analysis, choose one of the businesses from the video (Rose Chong Costumes, Anro’s Floor Maintenance, or John Osborne’s Gym and Squash Center) and identify two ratios that would be helpful for the owner of the business to monitor. Be sure to explain what the ratio would tell the owner, and how it can be improved for the business. Focus of the Final
3. Describe the five stage purchase decision process for a typical Groupon user. Answer: The five stages are problem recognition, information search, alternative evaluation, purchase decision, and evaluation. Problem recognition is created by triggers that present consumers with an opportunity to do something that they wouldn’t normally do. Information search may occur due to a previous experience with the merchant making an offer or a conversation with family and friends regarding a product or service.