Recommendations Short Term/Medium Term (August – December 1998) * Effective immediately, advertise and promote the selling price of each handcrafted canoe for $5 000 each. This will result in revenue of $27 561. Refer to Exhibit D. Steve will need to sell four canoes to recover all costs. Refer to Exhibit E. * Steve will need to more accurately calculate direct labor in order to determine the true cost to manufacture each canoe Long Term (At end of 1999) * Profits should be used to invest into the company in the manufacturing of canoes to produce a larger quantity of canoes per year to maximize profits. * As Steve progresses and becomes quicker at manufacturing each canoe, he can improve the quality of his product and increase the selling price resulting in higher net income.
Week 2 Discussion Questions DQ#1: How do you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan? I believe strategic planning is the process, which takes place to set organizational goals to meet the expectations of the mission and direction of the organization. Strategic planning focuses on the long-term goals of an organization, therefore it differs from financial planning.
What are the key strengths and weaknesses of the opportunity and business plan? 2. What is the business model - how does Mindersoft make money? 3. Mr. Biddle has several criteria for investment.
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be earned, and the profit to be received is: A. Target income analysis. B. Cost-volume-profit analysis. C. Least-squares regression of costs. D. Variance analysis.
What are the industries most suited to each of these strategies, and why? What are the industries least suited to each of these strategies, and why? There are three primary strategies for entering new industries. These include the Customer-focused growth strategy. The procedure of recognizing beneficial growth opportunities frequently starts with core business such as customers, the products, channels, geographic areas and services that produce the profits and greatest portion of revenue.
The convenience stores and supermarkets are the dominant off-premise retail channels for energy beverages. 2) Does your characterization bode well for a new energy beverage brand introduction generally and for DPSG, in particular? It is very hard for new energy beverage brand to survive as one of the best beside the five most popular energy beverage brands: Red Bull, Hansen Natural Corporation, Pepsi-Cola, Rockstar, Inc and Coca-Cola. Those brands are well known all over the world and they invested a lot of time and money to be recognized as one of top five brands. The new beverage brand and generally the DPSG will need invest much more money than they
In 2011, bars/cafes grew by 4% in terms of current value to reach sales of 4.7 billion dollars of which 15% is revenue from smoothies sold in Canada bars. The smoothie bars have shown an increasing trend in the recent past, and this explains a corresponding growth in their market. There is also a fierce competition in the organic food market. In 2011, around 174 new vegetable /fruit and nectar products entered the US market. It was a threat to Bolthouse Farm despite the fact that the company produces quality beverages.
From 2006 – 2011 Canada`s population grew 5.6 percent from immigration with the majority settling in Western Canada. However, Canadians are against more immigration and prefer to look at our own First Nations communities and other regions of the country where jobless rates remain high. Western economic diversification is furthered by positioning Western Canada's shipbuilding industry to be internationally competitive and sustainable, creating jobs and stimulating long-term economic growth for the West. B.C.’s shipbuilding industry is expected to double over the next few
* Are they ethical? 3. Choose TWO of the criteria from your checklist. Explain why each would influence your decision to invest in a company. * What risk is the company?
In effect, this will raise the tax dollars that Canadian pay. According to ParticipACTION, physical inactivity costs Canadian taxpayers approximately $6.8 billion a year, or 3.7 percent of health care costs, per year. If physical activity levels were to increase, than less people would be sick and unhealthy, therefore not hospitalized, which would save Canadians more money on paying HST taxes. The Canadian Heart Health Strategy states, “According to the Conference Board of Canada in 2010, we could save $76 billion over the next ten years by tackling the five main risk factors for heart disease: smoking, physical inactivity, obesity, high blood pressure and lack of fruit and vegetable consumption.” Another economic impact of having an unhealthy population is the effect of obesity in the workplace. It has been shown that obese workers miss more days of work, which costs the other fellow employers more in medical and disability claims as well as workers compensation claims.