Care, Premium Hair Care, LLC I || Business Plan - 1/1/2011 || Contributors: Michael Stone Co-Founder Stephen DuBose Co-Founder For Further Information Call: 901-210-5337 or 619-253-2964 E-mail: PremierHairCareLLC@Gmail.com This document is not an investment offer nor an attempt to sell a security. 1 Contents Table of Contents I. Executive Summary Introduction Mission Vision Strategy & Assessment Management Team Five Year Proforma Business Opportunity Market Product & Services Customers Value Proposition Demographics + Target Markets Site Selection Competition Store Operations Store Front Store Space – Experience Store Staffing Compensation Regulations Supply Chain Cash Back-office Systems Security Key Performance Indicators …show more content…
Mr. Stone is a former professional NFL football professional turned entrepreneur/business promoter. During his 7 years in the NFL, Mr. Stone played for the New England Patriots, Arizona Cardinals, and New York Giants. Upon retirement Mr. Stone founded Allied Athlete Group, the premier private membership organization for professional athletes. Mr. Stone’s ability to reach professional athletes coupled with his ability to identify business opportunities, has allowed him bring investments to the athlete community. Allied Athlete Group membership includes athletes from the NFL, MLB, NBA, and the NHL. Allied Athlete Group partners with various business organizations to create business synergies that generate educational, investment, networking, and branding opportunities for members both during and after their sports career. Mr. Stone holds a BA in Architecture from University of Memphis and participated in Executive Education Programs at Stanford, Wharton and Kellogg Business Schools. Stephen DuBose | Mr. DuBose is an executive with domestic and international operating experience in the franchise retail business. Mr. DuBose began his career as a banker at Bankers Trust Company; Merrill Lynch and Company; and finally GE Capital, where he built a franchise finance business. Mr. DuBose left GE Capital to start the Anderson DuBose Company, a food
Triple E’s main clients will be local area businesses who require access to marketing and event planning services but have no marketing/planning departments of their own. By focusing on businesses that have these specific needs, Triple E Marketing and Events will be able to provide smaller organizations access to comprehensive and combined event planning and marketing strategies, allowing them to create brand recognition and increased profitability for their businesses.
Trader Joe’s is a leading firm that is taking over the supermarket industry. The company completely altered the idea of a traditional supermarket and turned it into a whole new experience for consumers. Through Trader Joe’s strategic planning, they’ve paved a way for consumers to have high-quality products while paying low prices. Trader Joe’s provides fewer products that are health-conscious, unique and privately labeled. Trader Joe’s has utilized this, secrecy, employee job satisfaction, culture and starting trends to its advantage. Within its industry companies are divided into different strategic groups. Aldi, similar Trader Joe’s strategic planning, is apart of the cultured-discount neighborhood market. This firm continues the low-stock, less-waste, small store, and low price method. A Walmart express used a hybrid strategy that made it a cross between a grocery, pharmacy, and convenience store. Tesco is the third that falls with small neighborhood markets strategy and focused on organic products, similar to Trader Joe’s. As the company grows and expands, there is caution in change of Trader Joe’s processes. With growth, there comes new management and employees which can alter the way a specific store is ran and there is worry of change in the stores normal procedures. Change that doesn’t follow the process could ultimately result in a downfall, so this can be considered a key challenge to watch in the future. Increased bureaucracy is additionally a
Use the following sections to guide your development of your integrated IT plan for your chosen business strategy. Part 2 IT Enablers Opportunity You are interested in introducing several information technology solutions as enablers to deal with some of your new coffee shop issues. Background Given your new strategic focus for your grandfathers coffee shop, what specific IT Enablers will help you with your business strategy implementation and thereby realize your value proposition for the future Example IT Enabler opportunities may include, but are not limited to, the areas of order management, inventory management, marketing and customer outreach, web site implementation and wi-fi. Be certain that you are creative in choosing your IT Enablers so your IT Enabler Opportunity is a very strong value proposition for your new coffee shop and customers. Your value proposition should include value creation activities to enhance productivity, maximize convenience, and improve communications. Task Document the IT Enablers investment which your grandfathers coffee shop could use to increase revenue, reduce costs, and thereby create value. A few questions you might want to address in your documentation for your team report include What IT Enablers would you deploy at your coffee shop and how will your business strategy benefit from the
This research paper exhibits Trader Joe’s unique business strategy in the management skills that has built a chain of grocery markets, and the understanding of Trader Joe’s business model in planning, organizing, leading, and controlling. According to the MGMT8 textbook “planning is determining organizational goals and means for achieving them, organizing is creating structures and work systems, leading is inspiring and motivating people to work hard to achieve goals, and controlling is monitoring progress toward goal achievement and take corrective action when needed” (Williams, 2016, pp. 4-6). Trader Joe’s demonstrate the importance of the management process in planning, organizing, leading, and controlling in many different ways. According to Forbes article “Trader Joe’s stands out from all the rest of the grocery business because they have proven how cultural awareness can cultivate business growth, and a grass-roots marketing niche that draws viral consumer activity” (Llopis, 2011). Trader Joe’s is a private and a diverse company, and their approach and attitude are deeply embedded in the roots of the business model such as, product packaging, product selection, vendors, business layout, employees, and management. In addition, Trader Joe’s business model is to listen and to carefully respond to the needs of those they serve, and they encourage feedback from consumers such as, completing a simple response card that is available in every store. Trader
Target is an American retailing company founded in 1902. It is the second largest discount retailer in the United States (target.com, 2013). Targets mission is to make their store the preferred sopping destination for their guests by delivering outstanding value, continuous innovation and exceptional guest experience by consistently fulfilling their “Expect more pay less” brand promise. In order for Target to compete with the number one largest competitor Wal-Mart the four functions of management must be implemented in their strategic business plan. In this paper our team will explain how internal and external factors affect the four functions of
The following paper will discuss the research that I completed regarding the internal and external environments of both Allstate Insurance and the Target stores as a corporation. What will be provided is information on the competitive advantages of each company and the types of strategies that they each use. What will also be discussed is how each of these organizations create value and how they maintain a competitive advantage through their business strategy. I will also cover what types of measurement guidelines both Allstate Insurance and Target is using and how effective these measurement guidelines are for their organization.
Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and sell prescription drugs. It also includes businesses that sell prescription drugs online and through the mail. Most retail drugstores also offer other
There are various management, marketing, and operations decisions that the company must make in light of the plans to open this new line of store. Management plays an important role because they are the ones in charge of hiring workers and without workers the store would not be able to run. 365's human resource department need to hire workers that are experienced, qualified, skilled, and well trained to offer the best possible service. Decentralize management is key for these stores because management should have knowledge of the need of their specific customers this ways the stores will offer products that will meet the needs and wants of their specific area.
This analysis delves into the company’s operation management principles to interpret its successful strategies and offer future recommendations.
Retail industry is a huge market generating trillions of dollars each and every year. Being able to target the correct consumers/buyers within the market is critical to this industry. The business strategy is imperative to attract the customer-base and capture their services to develop reputable and loyal relationships. Generating this type of business will spread a great review based on the company structure and will develop paramount marketing and advertising aspects to support future business. In our current economy businesses that offer low cost to consumers generally will win the business along with adequate customer service and generosity. Costco has developed core values within the operations to deliver the lowest possible prices while providing quality goods and services to the customers (Thompson, Peteraf, Gamble, Strickland 2014).
One tool that can help an organization to understand its competitive positioning is the BCG Matrix. This matrix is based on the product life cycle theory and is typically used to help organizations make decisions about what products or services should be given priority over scarce resources (VBM, 2012). In analyzing Jackson's portfolio it is important to bear in mind that not all services are going to be in any one category. With a hospital this large and diversified, there will be things in which it is especially strong and things in which it is especially
The company’s intent is to bring a big city feel café and bookstore that out of
Information about the store’s current productivity enhancing program, target market, and other basic yet necessary numerical and qualitative data to develop a conception of the current state of the store
This paper addresses the use of Porter’s Five Forces model and how it can benefit Broadway Cafe by identifying and analyzing the effect of these forces on its business. The benefits include improved decision making, faster time to market, better productivity, improved competitive advantage, more profits and greater customer satisfaction. It also helps in achieving operational excellence.
* Unique business operations, focusing not on cost leadership but customer experience for a sustainable advantage