FINAL INDIVIDUAL ASSIGNMENT
Analysis of case study
Challenges and Recommendation
Paramjeet Kaur
10/14/2014
Table of Contents
Introduction 2
Case Studies 2
Max Muir-Size Matters 2
The Jiangsu Little Swan Group Company 3
Bill Day- Seeing Opportunities Where Others See Disasters 4
Jeff Griffiths: Now you see him, Now you don’t 6
Conclusion 6
References 8
Introduction
This report is about four different case studies from Pech and Turner’s book Making waves (2014). In this report many things will be discussed starting from three dimensions of entrepreneurial, entrepreneurial intensity grid, innovative lessons from the cases, recommendation for the organizations and the difficulties for other firms to adopt these
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Muir took the initiative by established a network of storage facilities. Along with that the strategy for grow through procurement was proactive, the firm figured out to purchase other smaller traders and using sales people to build and maintain sales network throughout Victoria and NSW (Pech and Turner, 2014, p. 157). Risk-taking is the willingness to tolerate ambiguity and uncertainty (Peterson and Lee, 2000). The Max Muir firm’s use of just in time (JIT) system was risky and it can be fail when the unexpected crisis or disasters strikes which was not unusual in Australia. The strategy of growth by continued acquisition effects on the firm’s finance (Pech and Turner, 2014, p. 158). Considering the case, Max Muir’s company strategy falls in dynamic in the entrepreneurial intensity grid.
In this case Max Muir focused on the establishing and maintaining a multiple business. Max Muir was able to understand his client and recognized the opportunity for growth. He grew his business gradually and never exhibited his success (Pech and Turner, 2014, p. 158). He always mindful of any negative impact his actions might make on client perception. His strong leadership and visionary approach to the business quickly push the firm towards growth. “Vision and inspiration are hallmarks of any type of real entrepreneurship, including social entrepreneurship and pragmatic vision” ( Waddock, 2009, p. 281). Moreover, passing the
‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’
. PR, marketing, and advertising are used in Consumer marketing by working together to build consumer demand for products, and maintaining lasting relationships between the organization and their stakeholders. “Marketing has traditionally relied on paid advertising to reach the consumer base for products or services” (Swann 277).
The Rose Company is building a new plant to reduce cost, improve the quality of products, and maintain competitive leadership by gaining a slight production advantage. The main obstacles to be overcome are the commissioning of a new plant, new methods and process, and administrative reporting issues. As the newly hired General Plant Manager, I plan to resolve these issues by insisting that all plant communications flow through me, instituting training for plant personnel and setting operational expectations.
The succeeding details, the concerns, and insufficiencies that occurred through the confirmation process for the remaining banks are listed below:
Nayab, N., (2013). Understanding the Timmons Model of Entrepreneurship. Date Retrieved June 25, 2013 http://www.brighthub.com/office/entrepreneurs/articles/73336.aspx#imgn_0
The following case analysis will assess Coach Inc. and its strategy in the accessible luxury brand goods market. The coach strategy focuses on its luxury rivals in matching key quality styles while offering it at a cheaper price. The company offers most products at a 50% off discount price less than other brands which gives them a competitive advantage pertaining to its customer base. Coach marketed its products to middle –income consumers desiring taste of luxury, but also affluent and wealthy consumers with means to spend considerably more on a handbag (Gamble, 2012. P.C-73) .The Company also has several other strategies such as to increase global distribution, improve same store sales productivity and continue its multi-channel business model which includes indirect whole sales to third party retailers but also focuses on direct consumer sales. Coach has done well in the luxury goods industry but the companies profit margin is still below the levels achieved prior to the onset of a slowing economy in 2007 ( Gamble, 2012. P.C-73.The Company had experienced a decline in sales as they are unsure if the company recent growth could remain constant and maintain their competitive advantage with other successful luxury lines Michael Kors, Salvatore Ferragamo, Prada and Dolce & Gabbana.
Information needs should be the driving force behind information systems. An information need is a business’s requirement to capture a specific piece of information or set of information points to meet a business necessity.
Understandably the Swan disputed the outcome, as they had no prior knowledge of any cancellation fees or paperwork specifying any cancellation policies, due to Tracey not informing them upon booking the accommodation.
Essentially this business model was able to ensure profitability and sustainability of the company, because economies of scale in
is one of Canada’s top hoteliers in the mid-market, owning interests in 16 hotels in Canada and the United States. Furthermore NGI is in ownership of 2,200 rooms in 17 hotels across Canada and the United States. The Company is expert in all facets of the hotel business, from marketing to building to management. Focused on creating the best return and value for all stakeholders, Northampton’s market-sensitive strategy is to acquire or build hotels that provide great value and superior accommodation. Gratefully, NGI excels in this sector by offering services that exceed expectations while still posting industry-leading margins. Besides acquiring and developing undervalued and underutilized hotel assets, NGI also provides superior overnight accommodations at mid-market prices. This has been done through aggressive marketing, re-branding and ongoing hotel upgrades.
The O.M Scott & Sons Company has had continued success in the grass seed and lawn care industry. The company started in 1868 as a local company in central Ohio, focused on selling grass seed only. The company saw great opportunity in the lawn care industry, so it decided tot take action. O.M Scott & Sons grew into a national company that distributed its products by mail, and eventually sold to retail stores nationwide in 1959. The company was able to grow expanding the company’s field sales force. This increase in sales force led to a continued increase in sales and profits, which allowed the company to invest in R&D more heavily. This increase in R&D led to better products, which further increased sales and profits. The objective was to service the various retailers across the U.S with adequate inventories, especially in the high seasonal peaks. This was difficult for most of the smaller sized dealers the company was selling to, so Scott had to fund the dealer inventory buildup by itself.
In this case study of Berkshire Industries PLC, we will be focusing on the evaluation of their new incentive system and address their potential options. This new system focuses on economic profits instead of accounting profits. To better understand the implications of the economic profit-focused system, we will perform a data analysis on the companies Snack Division. Furthermore, we will assess the negative effect this system had on their underperforming division, Spirits.
1. Evaluate the economics of Gulf's exploration and development program in net present value terms. How do Gulf's outlay for exploration and development compare to cash returns Gulf generates from these activities.
The level of which Baker knows his team varies from ‘word on mouth’ and reputation, from prior conflicts and to prior effective working relationships. Given that the group members don’t know each others well, and/or are competing, Baker will have a tougher task to bring the team together
This is precisely the challenge. In essence, organizations must learn to think and act in a dynamic equilibrium. This is not easy, but organizations have a range of options to choose from depending on the size, competition and industry structure to achieve entrepreneurial excellence. At one end of this option spectrum lies focused initiatives covering specific parts of the organization and at the other, initiatives that attempt to breathe entrepreneurship across the organization.