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“Viable Vision: Transforming Total Sales into Net Profits is a book for anyone responsible for increasing the profitability of their business. Gerry Kendall combines the theory with real life examples of its power to transform complex problems into clear, common sense executables that will increase the profitability of your business. If you think the complexities restrict the future success of your business, then you’re about to be enlightened.” —Patrick J. Bennett, Executive Vice President Covad Communications “As senior managers we seek but seldom find the silver bullets that will lead to exponential growth for our companies. In Viable Vision, the author wonderfully presents proven tools with actual business cases that
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xv Part I: The Premise for a Viable Vision Chapter 1. Improve! .................................................................................. 3 Chapter 2. Viable Vision .......................................................................... 9 Part II: The New Frame of Reference Chapter 3. Moving from Complexity to Simplicity ............................... 23 Chapter 4. A Simpler Frame of Reference for Decision Making .......... 31 Part III: Chapter Chapter Chapter Chapter Chapter Chapter Part IV: Chapter Chapter Chapter The Components of a Viable Vision 5. Marketing .............................................................................. 6. Operations ............................................................................. 7. Distribution: From Push to Pull ........................................... 8. Project Management ............................................................. 9. The Supply Chain ................................................................. 10. Information Technology: Necessary But Not Sufficient ....
43 51 61 71 81 87
Making It Happen, Now and in the Future 11. Buy-In: Overcoming the Layers of Resistance ................... 97 12. Strategy ............................................................................. 107 13. Executing the Paradigm Shift ........................................... 113 vii viii
Viable Vision:
One frequently asked question in business today that is least answered is, as stated by David Chaudron, PhD (2003), “What can we do to make our business flourish, survive and grow?” With the rapid changes in technology and the rise in the globalization of markets, we must have a game plan in place for adjusting to these changes. It has become increasingly difficult to predict what is going to happen, and there are thousands of obstacles and opportunities along the way. To add to the confusion, there are thousands of products, solutions and methods for dealing with these changes. With many brands, sizes and varieties it is very difficult to choose what is best for your organization. Add to that,
When a certain point is reached regarding a company’s success, a set of different opportunities arise and partnerships may unfold. However, with every possible strategy available, risks and benefits also come into play; without discarding any of them beforehand, every option is a strong candidate until a final decision is made. In this case study we will analyze the current business strategy pertaining
I. Executive Summary II. Situation Analysis o Market Summary Target Market Demographics Geographic Demographics Behavior Factors Market Needs Market Trends Market Growth o SWOT Analysis Strengths Weaknesses Opportunities Threats o Competition o Product Offering o Keys to Success o Critical Issues III. Marketing Strategy o Mission o Marketing Objectives o Financial Objectives o Target Markets o Positioning o Strategies o Marketing Mix o Marketing Research o Action Plan IV. Financials o o o V. Controls o o o VI. Summary Implementation Marketing Organization Contingency Planning Breakeven Analysis Sales Forecast Expense Forecast
Thank you for the opportunity to assess your sales data in order to provide recommendations for increasing your sales. The analysis and recommendations below are based on the data you provided, which covers a period from May 2004 through June 2006. The analysis below is based on this data alone. Therefore, our recommendations should be tempered by your knowledge of business realities and your market. Please let us know if we can answer any questions concerning the analysis or the recommendations provided.
We are in an era in which technology and information-sharing platforms have given buyers and consumers more information about products and services than ever before. There is a new power dynamic between companies and customers in which buyers no longer need organizations to help them make a purchase decision. As the competitive landscape continues to change, business leaders will need a new process for overcoming challenges and a new mindset to find success.
Most companies establish their business without one effective planning to define exactly which product and market they will put all their efforts to build a strong and long relationship with the market that they intend to work. In many cases, businesses are losing the opportunity to be more profitable considering that they are lacking a effective return on an investment planning based on their customers’ needs and wants.
The book is for veterans, managers, executive leaders and striving entrepreneurs to teach their operatives how to be inventive, ground breaking and viable in a very completive industry. The vision of the author Blending extensive industry experience and real-world case studies with their academic expertise, the authors arm readers with the combination of the necessary tools to help them make better strategic decisions.
Formulated and executed business plans to deliver year-on-year improvement in revenue growth through greater market share and pricing outcomes.
“Glad you could make it, Tom,” Frank began. After a deliberate pause, he continued. “Welcome, everyone. We’ll be reviewing sales projections for the coming year, performance expectations for the senior marketing specialists and their teams, and overall strategy for meeting those. We’ve realized a 10% CAGR over the past five years, and corporate expects this division to continue to be a growth engine. Before I walk through the detailed analysis, let me give you the executive summary.” Frank projected a slide showing a U.S. map with each of the company’s five sales regions. “Given the market opportunities in the Eastern region, Tom and his team will have the most-aggressive growth targets—15% for the airline, hotel, and car rental markets combined. Next, the South Central region—”
Sales strategies involve various policies and plans that a company implement to launch or position its products into the market. We-Print of USA have decided to expand its business in UK market. For this reason the company needs to develop strong sales strategies to capture the market of UK. The company should first set its target to acquire the business market of UK and after that it can move to consumer market.
Businesses need to regularly develop new products and markets for future growth. A useful way of looking at growth opportunities is the
The study aims is to provide the strategic management and planning and explain why this would be important to the success of the business.
We are currently projected for a loss in for our current fiscal year ending 12/31/15. Our goal is to significantly turn the company’s profits around and to break even by the year ending 12/31/17. This would be done by having the goal of producing a profit each of the following years to offset our project loss. We sell our product through two channels. The first channel is selling to wholesalers who turn around and sell to retailers both marking the price up. The second is through our website where we sell directly to the customer. Selling to wholesalers is our main product distribution point.
The first of these aims at enhancing sales, profits and the market position. Yet it is difficult to implement, as an enterprise must have large disposable funds, the competition cannot be too strong and there must be an unmet demand for the enterprise’s products. It is also necessary to precisely examine the market of an enterprise’s operations and to make investments whose value must largely exceed those carried out under other strategies. All this exposes the activities to a high risk.
marketed, could produce $ 3 billion in annual sales, up from projections of $ 1.3 billion