TO: Shelby Givens, General Manager, Westlake Bowling Lanes FROM: Exemplar #1 SUBJECT: Business Strategy for Westlake Lanes – Analysis and Recommendations DATE: March 10, 2010 1. Issues and Options Since 2004, Westlake Lanes has experienced declining revenues and increasing costs driven primarily market factors and an absence of effective cost and operations management. Despite the company’s recent turnaround under Shelby Givens’ leadership, it is not on track to repay the Board for the money it lent 16 months ago. On March 24, 2010 a Board of Directors meeting is scheduled to discuss the strategic direction of the company. It is my understanding that Westlake Lanes is considering the following three options for its …show more content…
2.3 Strategy and Operations The Urban Bowling Lounge option is potentially quite lucrative; however, it is also arguably the riskiest option due to the magnitude of the investment. League bowling is the aspect of the business that provides the most consistent revenue stream. Since league bowling takes place at night, it is likely incompatible with the business strategy to pursue convert Westlake Lanes into an Urban Bowling Lounge. Raleigh’s growing population of affluent young professionals constitutes a significant business opportunity. If Westlake Lanes chooses the Urban Bowling Lounge option, its close proximity to the lively neighborhoods and restaurants in Raleigh could be a source of competitive advantage that is sustainable and difficult to imitate. Conversely, if the company chooses a different business model, it may forgo an opportunity to leverage its unique location. 2.4 Human Resources Both of the new strategies involve increasing part-time staff; this implies that there may be opportunities to decrease full-time staff. A change in the company’s strategic direction may jeopardize the employment status of the company’s three remaining full-time employees. While it is likely that Gary Spalding’s maintenance services would be needed in all scenarios, the other employees may not be the right fit for the company’s new vision. Ultimately the board will
ASC 320-10-35-33F: “Changes in the quality of the credit enhancement should be considered when estimating whether a credit loss exists and the period over which the debt security is expected to recover.”
The report below analyzes the performance of Peyton business, the budget, the actual performance and the variance from the budget. Further, the report provides the causes of the variance and the strategies that should be
Sparkle Company is a Nigerian diamond mining company. Sparkle is a joint venture, 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with their functional currency being the American dollar. Sparkle Companies functional currency is that of Nigeria, being the Naira. During 2009, Sparkle had several transactions with its joint venture owners and outside parties. The details of Sparkle’s transactions are three loans, three expenditures, and one revenue stream. The loans the company took out were $1 million from Brighten, $1 million from Shine, and 300 million Naira from a local Nigerian bank. The expenditures
This case is talking about an executive retreat. It was introduced by John Matthews who was a executive had been selected to attend the two-and-a-half-week retreat. The retreat was more like a competition about academic and athletic. The team members should not only get know each other and cooperate with teammates but also need to compete with others. The whole participants were broken into five groups and their aim was to win the competition. There are several sessions about academic and athletic that the participants should complete. After the introduction part the case showed the experience of John. Before the group meeting John was wondering and worried about this retreat. When he was taking the first group meeting, he tried to learn
Seeing the current debt in the business, the current demographic data, market trend and the required investment to develop from now, it can only be expected to break even in the next 5 years. Investing more money whilst staying in debt seems a risky way to take (profit 506.32% of the monthly average in 2009), with investment of $850,000.
Mark proceeded to hire consultants who specialized in sport center business start-ups with his extra working capital. They had never advised the start-ups including a “wow-factor” such as laser tag or an arcade until they met Mark. Now every client who uses this firm is advised to diversify their market by including the “wow-factor.” The consultants conducted a feasibility test which gave Mark a report consisting of the amount of children, adults, schools, competitors, and other factors in the region he
The court deciphering between criminal negligence and recklessness. Criminal negligence being a person failing to perceive a substantial and unjustifiable risk that the result will occur or that the circumstance exists. The risk must be of such nature and degree that the failure to perceive it constitutes a gross deviation from the standard of care that a reasonable person would observe in the situation.
Shakespeare Inc., a private publishing company issued its F/S on March 20, 2012. There were several accruals and events that the management of Shakespeare is considering to determine if they should be recognized or disclosed in Dec 31, 2011 F/S. In my opinion, the important things to focus on subsequent events are the period they effect and if their influence is material or not, so that in conclusion, the F/S are fairly presented.
On a snowy January evening, the Midwestern Medical Group (MMG) management team held a retirement party for Judith Olsen, MMG president. During the evening, Olsen reflected back on the years she had worked for MMG with mixed feelings about her experience. Over the course of their eight-year integration
They have secured a loyal customer base as well as made a name for themselves in the downtown Raleigh area. Furthermore, there is value in the fact that they are a family owned business. Many consumers are supportive of family owned businesses and therefore Westlake Lanes should definitely exploit this capability. Their location is also very valuable due to the fact that they are the only bowling alley in the downtown area. Furthermore, their introduction of bowling leagues has been a very valuable asset to them because it ensures a steady flow of business. Givens has also managed to make this asset more valuable to them by greatly reducing the time frame of the leagues and pitching the concept to firms and students. Finally, Westlake Lanes’ long-standing and loyal staff has also proven to be very valuable. Although Givens has made changes to the staff team, three of the four full-time employees have proven themselves of high value to her in terms of maintenance of the building, business knowledge and supplier research.
Evaluation: Caboolture West. There are two proposals for this area. The first proposal was presented to us by Sunshine Property Developers. They propose to fit the area for 20,000 people. Low to medium level housing, making roads bigger to fit more cars, adding buses to encourage public transport, larger park spaces and personal backyards, 15 small local shops and parkways and bikeways are all listed as important parts of the proposal. No extra facilities will be needed, current ones will be up to date. The second proposal was presented to us by Mc Keown Property Developers. They propose to have high density housing, new trains and station, green corridors and parklands, a town centre with 100 new facilities, a new hospital and school and
b. What medium would you use to reach each of these parties and what would your relative resource allocation be to each?
Build the management-research question hierarchy, through the investigative questions stage. Then compare your list with the measurement questions asked.
This section analyzes the three driveway options not previously excluded from consideration and will be grounded on the criteria previously
The partners must do additional analysis prior to determining if they should invest in a new miniature golf venture in Golden City. Before establishing marketing objectives, advertising and promotional programs, plans for addressing demand fluctuations and considering alternate locations, they must determine if they can generate sufficient sales to fund operations. They have done market research which provides a good baseline for establishing the demand, course capacity and anticipated costs. Once they have analysed this data and established that the business is financially viable, they can address advertising, demand and location questions by developing a marketing strategy.