Week 1 Case Assignment-Tanglewood Stores Tanglewood sees their employees as assets to the company’s financial success. They believe that a good core workforce is essential so they do not want cheap labor, high turnover, or temporary workers. In this day and age, this type of philosophy is key in a company’s growth and success. As Tanglewood is in the process of aggressively expanding from its 243 stores, staffing issues will require a lot of fore thought before deciding on the most effective way to proceed. First step of recommendations to properly start staffing for the expansion is: Staffing Levels Acquire or Develop Talent.
Presented findings show the oldest and the newest to be the establishments with the best franchisor/franchisee relationships. Additionally, the home of the toasty sub, Quiznos is a franchise that has been plagued by litigation and unprofitable franchises. Taking a Bite at the Submarine Sandwich Franchise Starting any new business with no experience is a risky proposal, especially in the food industry where restaurants come and go with some consistency. In order to best position oneself for success, the businessperson should be aware of the potential dangers and legalities of starting a business like a sandwich shop, especially with little or no experience. Any potential business owner faces the risk of being suppressed by other competitors in the industry especially those that are in close proximity to your potential location.
Most people who start a business want to because they want to do something they love and work for themselves and becoming a franchise isn’t exactly their first thought. 3. As long as the franchisee follow the rights and obligations; I would not see a problem with Two Men and a Truck expanding into another country. It would definitely help spread the word of the company and bring in more profit as well as create more jobs for others in a different
“Franchising emerged as a business model that would allow Mad Science to expand without requiring substantial investment”. (P.563 Case B-4 The Mad Science Group) For example, one of the greatest challenges for a new company expanding its market in a new country is considered a lack of understanding of the local culture. However, franchising provides a good way to reduce this shortcoming because it uses the already established experience of the franchisors – usually are local people. in different countries, local culture is always considered as a big problem for the company because. However, franchise will be a good way to reduce those cultural risks, because franchisors are always local people.
Bargaining power of suppliers- This is a very important aspect of the business, customers want quality products at the best price possible. It is imperative that the manager or person in charge of inventory is knowledgeable in his/her field and has good communication with suppliers to insure better prices. 3. Threat of entry of new competitors- The threat of new competitors is medium. The cost to open new business is high and not everyone can afford it but it is also important to take into account that this is a commercial area near a college campus; therefore it attracts more business than other areas.
In this paper I will explain how I believe self manager teams could be used at Sandwich Blitz, in turn allowing Dalman more time to devote to growing the business. Using self-managed teams within the Sandwich Blitz Company would help the company grow. This will also allow Dalman to have more time to concentrate on the expansion as well. Self-managed teams empower employees most often in manufacturing, workers are trained to do all or most of the jobs in the unit, they have no immediate supervisor, and they make decisions previously made by the first-line supervisors (Bateman & Snell, 2012). Self-managed teams can offer several possible advantages that could be used at Sandwich Blitz; including stronger commitment, employee and customer fulfillment, improved quality, improved productivity, and faster product and service development.
First, the reactors are more of the go-getter, they put the product out first. This could be both positive and negative, you want to be able to get a head start but if consumers aren't willing to buy then sometimes you won't make profit off of certain products. "Prospector competes primarily by stimulating and meeting new market opportunities, but may not maintain strength over time in all markets it enters" (Muller pg 28). The prospector is always ahead of the game and is willing to re-structure if necessary to continue to be a top
If the idea of the whole thing does not get presented in the correct way, the business itself can fall rather quickly. An entrepreneur may see their business as a great idea, but if the idea is not conveyed people will not come. Another challenge would be simply finding the correct location for the business. Urban Outfitters had a great location when they chose to open their stores near colleges. The store itself was selling items that a college student might find interesting, causing it to be a big hit in the areas it was located.
Entry level positions such as cashiers, custodial, and warehouse could be acquired externally as long as the candidates are qualified for the positions. However managerial positions should be developed within the company because the workers are more likely more familiar and comfortable with the company’s cultures and norms. Of course there are exceptions and variable but I think this would be the preferred guideline to be followed by all stores. Tanglewood would definitely benefit from hiring as a company. I don’t think the company needs the aide of outsourcing their hiring because that would require a third party to come in and hire workers for a company where they don’t know exactly what they want in a potential candidate, where as a hiring manager for a store knows what characteristics to look for that would best match the store’s culture.
The reason why Costco decided to focus on small business owners is that they realized that these people are often some of the wealthiest people in their communities: they have successful businesses, they want to buy good stuff, but they don’t want to spend a lot of money. Of course, not every Costco shopper is an entrepreneur, but this customer base has remained the focus of the Costco marketing effort. Even the Costco members’ magazine includes many articles offering small business advice. 2) Deliver bigger value, not just lower prices: Costco doesn’t just offer low prices, it offers exceptional bargains on elegant, sophisticated products that people really want to buy. Costco is not just a mass market retailer; instead they’re a curator of high-value offerings, priced at a discount.