Terry estimated her investment on the product should be 75,000 to 95,000 in inventory to begin with considering off peak times when customers are likely to buy. This scenario indicates a great way to contingency planning because Terry has thought about possible problems such as seasonal peak and valleys she might run into. She has prepared this issue by finding an alternative way to still sell her products even with off peak times by creating a website for customers from all over to purchase. She has also prepared herself to dedicate more time working longer hours at the store to be available to potential customers. Nevertheless, Terry has some excellent solutions to her planning although she has some aspects of her business goal I find might need some modifications.
Why or why not? The chapter defines global corporate citizenship as committing to serving various stakeholders. I think that Apple did demonstrate good global corporate citizenship. Even though many of the tragedies could have been avoided long before the audits were performed, I think that Apple responded well after learning of the mistreatment of its indirect employees. The company understood that corporate citizenship is increasingly important for their long-term success and took action by commissioning a month-long, independent investigation of the labor conditions at its suppliers’ factories in China.
The article that I found to relate to sexism at its finest is about Miss America, Carrie Prejean and her new breast. Not only did she receive free breast implants, but they were organized and paid for by the pageant, weeks before the Miss USA competition. If this doesn’t create an image of what women should look like I don’t know what does. So her boobs weren’t big enough so in order to have her fit in she received implants? This is disappointing to me.
The weakness of Kudler Fine Foods is that an IPO (Initial Public Offering) has many inherent and potential weaknesses that must be examined prior to selection as a means for expansion. An IPO is the first sale of stock by a company. There are many advantages and disadvantages for the Kudler Fine Foods to go public through the IPO. The advantages include generating more capital needed to expand their three locations The IPOs are very expensive undertaking, and a large portion of any capital acquired will be lost to this cost. Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods.
Another trade-off for the company will be the stores performance. Because this is a newly acquired system, employees – although trained on how to operate the system will surely run into issues at the register. This will make for longer lines at the store and will require employees to handle unruly customers. The trade-off for spoilage will require the store to account for more deliveries from wholesalers for the products that will need to be stocked. This will ensure more delivery fees and more paperwork for the company.
Their Variable costs differ from fixed costs such as rent, advertising, insurance and office supplies. They will also need to make a change in marketing to make sure that they survive as a limited company, i.e. if a certain part of the company is not bringing in enough money, the executive would have to fire some certain employees. Another aspect that Hays Travel does is to maximise their chances to make a profit on selling holidays. Bulk buying would be perfect making a profit as you are selling more items.
Field Research Beatrice Smith PSY/600 July 13, 2015 Deborah Wilkerson Field Research Companies all over the world will claim that the products they sell is the number one top brand. People will try products because of advertising, the way something looks, or because of the price. Parents want what is best for their children and if other parents tell them that they tried a certain product then they will try it as well, but if they see something advertised that looks better or the price is better than they will try it first just to see if it is or if they can save some money. Massage therapy is no different. It may be advertised to help with weight gain, muscle development, and help with diseases.
When examining the problems at hand, it becomes clear that Boeing should focus on structure. Boeing has recently undergone some mergers and acquisitions and has a giant need to integrate these companies into the Boeing family so employees and consumers aren’t confused and to eliminate duplicate functions between organizations (Galbraith 2000). Secondly, technology is lagging not just in operations, but in employee data tracking and knowledge management. Another application of this could be in the marketing department through the use of metrics to better meet market demand. The use of a knowledge management system would also help to address the collaboration problem that Boeing has between employees.
The differentiation strategy involves production of product or services, which is unique throughout the industry and because of its uniqueness the customers are willing to pay more for it. The uniqueness may be in terms of design, brand image, technology or customer service. In case of Zara, it is the fast fashion philosophy adopted by the company. Zara’s unique selling point is to design and produce the latest fashion trends within a short span of two weeks. And these new styles are only available for sale on the floors only for a period of 4 weeks.
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. Questions 1. Using the key barriers to entry into an industry from Porter’s five forces model, discuss why it is so difficult for new firms to enter the sportswear industry. Support your arguments with evidence from the case study. (20%) 2.