HE Delivers Unlimited, Inc. – Case Study Lisa Smith is the founder, president, and CEO of HE Delivers Unlimited, Inc. Smith is unware of how her HE Delivers is performing. For example, Smith is going into the third year of operations struggling financially. HE Delivers largest customer is delinquent in submitting payments and without timely receipt of payment. Also, Smith is trying to improve her credit score, continue operating without timely accurate financial statements, and without incurring any additional debt. HE Delivers has a portion of their business operating in a charitable capacity by serving those who are disabled and underprivileged. Smith needs to make pertinent business decisions to take control of her future as a business owner, and if not then HE Delivers will shut its doors for good.
Evaluation of Current Situation In Lisa Smith’s example, she has some of the same common challenges that small business managers face. Smith’s challenges include: cash flow issues, finding and retaining profitable customers, having too many overheads, and staying current. Compared to Tom Ewer 6 biggest challenges facing small businesses, Smith has four out of six challenges she needs to address if she wants to expand her business. “Tom Ewer list consist of: 1. Cash Flow Issues, 2. Tiredness, 3. Finding and Retaining Profitable Customers, 4. Motivating Employees, 5. Having Too Many Overheads, and finally 6. Staying Current.” (Ewer, 2016) Smith’s two main challenges
In the area of weaknesses, the biggest challenge was employee turnover. Even with the recession and the current job market good talent could and can be found, but it is hard to retain with the current compensation and benefit plans offered
In an article by C. Conner, “The '8 Great ' Challenges Every Business Faces (And How To Master Them All)” in Forbes Magazine (2013), Conner interviewed her mentor Neal Jenson. Jenson shared his top eight challenges that companies encountered. The challenges are as follows: 1. Integrity. 2. Cash, Borrowing, and Resource Management. 3. Increased selection and competition. 4. Marketing and Customer Loyalty. 5. Uncertainty. 6. Regulation. 7. Problem Solving and Risk Management. 8. Finding the right staff.
A business needs to focus on its business and compete smartly from my perspective. This will include process improvements (change) but change that is meaningful to keeping the business alive, functioning, and growing as it achieves its mission. I worked for 2 family run businesses and watched as the children took over, tried to do what “everyone else is doing”, and failed the business.
Strengths and weaknesses come from the internal environment of the firm. Strengths can be exploited, built upon and made key to accomplishment of mission and objectives. Strengths reflect past accomplishments in production, financial, marketing and human resource management. Weaknesses are internal characteristics that have the potential to limit accomplishment of mission and objectives. Weaknesses may be so important that they need to be addressed before any further strategic planning steps are taken. A basic determination of a firm's relative strengths and weaknesses is often the first step in the internal evaluation. A hidden benefit in internal evaluations is the opportunity for participants to understand how their jobs, departments, and divisions fit into the whole organization. A manager's forced communications that occur across departmental lines produces an additional benefit in improving communication within the organization.
Throughout my with Colleen Morgan, I had the opportunity to learn about the aspects of an organization. For example, I learned about the macro level challenges that Mooseheart is currently facing. Therefore, Ms. Morgan explained that the macro level challenges that Mooseheart is currently facing is the problems with the Department of Labor which required the organization about 4-5 months ago to redefine their salary position because there was a requirement for an hour cap (Colleen Morgan, personal interview, September 18, 2017). Furthermore, it is indicated how this has impact the organization because making new policy of hour requires to redefine work days and time off which is very complex.
Dunne speaks of economic challenges that threaten the existence of a business; challenges that require management to question the models that made it successful in the past and states that businesses cling to their models, particularly at the worst of times. YP is clinging to few models of the past, and is rapidly reinventing itself, reaching new heights
1. What types of decisions must Chad Thomas make daily for his company’s operations to run effectively? Over the long run?
Make decisions about the best path for the firm’s initiative. Identifying the opportunities for success in context of threats to success can clarify directions and
Organizations all have challenges that they deal with, no matter the type. These challenges are designed to make the leaders within the organization better and fulfil the overall goal of the organization. Currently, I work for Durham Parks and Recreation (DPR) and many of the organizational challenges mentioned in the lecture and the readings relate to my experiences as well. For example, in Bolman & Deals “Reframing Organizations” they mentioned that “The result is managers are often nearly as clueless as their subordinates…..Managers and those who try to help them too often rely on narrow models that capture only part of organizational life”. This relates directly to how things are run in my organization. I feel that sometimes our supervisors/managers
In this report the business I have chosen to evaluate is Tesco’s. Tesco’s is one of the largest supermarket stores around the world; it has 330,000 staff working in 3,146 stores, there are stores located in China, Turkey and Japan. Research shows that they have stores in 9 other different countries and 27 million people outside of the UK own their own club card to receive offers and discounts from Tesco’s. They sell a range of different products to suit customer’s needs. The products range from food and groceries, their own clothing brand F&F, their own mobile phone network, and also have personal banking. Tesco’s are all
The main challenges faced by the company during its growth stage were; generating awareness in new countries, being able to meet target demand by ensuring that the company did not incur losses, creating new customers, competitors selling the same product at a cheaper price and getting new employees who were willing to comply with the company rules.
David Fletcher is a portfolio manager with many years of experience and success under his belt. He currently is a limited partner managing an Emerging Growth Fund for Jenkins Fletcher Partnership or JFP. The company was small when David started and consisted of a CEO, Paul Jenkins, CFO, 2 financial assistance, 4 research analyses, 1 research assistant and a receptionist. David first started with JFP he hired an Administrative Assistance, Whitney to help organize his calendar, contact companies and take messages, etc. Whitney proved to be capable and eager to learn. Under David’s guidance she received her MBA and
Harpo is a production company that encompasses many forms of communication to the masses through its owner and creator, Oprah Winfrey. Harpo’s campus headquarters are currently in Chicago, Illinois. In Chicago and throughout all the endeavors that Harpo attempts to influence Oprah is the head of the deciding factor. She is the top of the organizational hierarchy. Everything about the company is part of Oprah. So what happens if Oprah is no longer able to be the head of the organization? This case study looks at the problems and potential solutions to an organization that relies on a single individual for decisions.
1. The most significant challenge to business success you see in this rapidly changing global economy;
There were several core problems that were interrelated around the strategy, organization, and structure of the company. Strategically, they were trying to do too many things. It wasn’t clear what the core businesses were,