3. Business Problem Like any business, a problem that a company may encounter is a downturn in business. There are different reasons for this occurring in different types of businesses. In the case for Dick’s Sporting Goods, one of the reasons that they may face this could be because of a new software may be introduced into their system. Another such reason could include the fact that there is a continuous process of competition of online retailers. 4.
Smith Consulting Incorporated has been consulted to provide insight on the system build. The main areas to address will be network security to prevent data loss or theft. This could result in the loss of privacy and possibly violate our own terms and conditions to the customers. This could lead to additional costly legal fees, loss of Kudler Fine Foods’ reputation, and a lack of confidence in the company by the affected customers. The loss of data could also lead to competing stores gaining the information for their own use that could result in further revenue
This can make expanding and growing very difficult and decisions must be mad wisely. When it comes to their products that are purchased around the world to ensure high quality, expanding may affect that quality, making it hard to supply a specialty product. Going public through an IPO, may change the very decision made that make their company special, or it may enhance their products by providing more resources. Acquiring another company in the same industry to help their company grow could cause increased financial stability or increase their financial burden. Kudler can merge with another organization in hope to expand while implementing their mission and values on that organization or that organization may hurt their reputation.
Unit 12 (p4&m2) Explain the operational risks for a business organisation operating online * web-site updating * Liability for wrong or out-of-date information. * language problems with global customer base * hardware and software failures * loss of data * global business regulations * Payment security * Potential use of personal information * Unfamiliar trading conditions M2: 1. Website updating could be a disadvantage as a staff member would have to do this but it could be an advantage as information could reach the customers much faster when prices or goods sold change. 2. Having to be liable is important for the staff but can be an disadvantage for the company as they
This law was also needed so the smaller companies could grow. The Clayton Anti Trust Act was just a recreated version of the Sherman Anti Trust Act. This strengthened it and added more information to the Sherman Anti Trust Act. The Clayton Anti Trust Act also provided more power for the government. The Clayton Anti Trust Act was needed to prevent price fixing.
The giants do so to satisfy their excessive greed and attain more control over all aspects of life within their reach. In order to keep such corporate greed in check and to help the government be more productive, a well informed and altruistic public has to use its authority as the customer to boycott the products of such voracious companies. And with the support of a powerful media, the message can not only be sent to the corporate executives, but also to gather more supporters. To appease their customers, when executive greed becomes a public ally, lobbyists who assist the giant corporations, will conform and pursue the welfare of
The case study presents extensive information about Under Armour’s strategy and key business functions and processes. The objective of your case analysis will be to assess your understanding of its capabilities and core competencies in the value chain and how far these have influenced the success of growth strategy within its competitive environment. You may be familiar with its products but if not visit a sports retailer who is likely to stock some of its product range. Alternatively, you can visit its website, however, when answering the case questions below only use information on Under Armour contained in the case study. Your marks will be heavily penalised if you use information on the company from alternative sources as it is your assessment of the case information provide which is being assessed.
M3 - Assess the Implications of the Legal and Financial Aspects that will Affect the Start up of the Business Introduction: For this task I will explain how I will set up the business, how it will affect my cash flow and my limited financial resources. Additionally, I will explain where I have to be careful if my business has unlimited liability. What will I have to take into account if I purchase a franchise and what is expected from the franchiser when I do. The final consideration I will take is how all of these factors will affect my business when it comes to achieving your aims and objectives set for the business. The one major problem that faces new start-up businesses, especially small enterprises launched by solo entrepreneurs, is a lack of cash flow.
COMM470– Week 4 Abstract As time moves on and as technology progresses, we the consumers have found the need to educate ourselves about products and services being offered. We must distinguish between which media is the most persuasive in helping us arrive at a conclusion. Organizations are finding out that traditional real-world advertising and marketing is not enough for a company to be branded as a household name and be competitive globally. Media Comparison Paper With the introduction of the internet advertisement, in 1994, E-marketing was established. A whole new niche of selling products worldwide has rise and must be catered, the virtual consumer.
The current issue being faced by the top executives of Cisco Sidhu, Rick Justice, and Mountford is to decide which distribution channel to choose when launching their new VoIP program. This is a very critical step because the project was very important in increasing the derived demand for their existing lines. The more inherent issue is how to correct their hierarchy of interface levels as stated in Figure A. Critical Issues Telecommunication providers dumping routers in the market Cross channel raiding: one channel distributor sabotaging another channels sales Conflicting self distribution strategies Alternatives