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" The foremost risk involved with implementation of the innovation is its rejection and for that matter, its failure.
What if it does not work?
What if it is not accepted?
What if a better alternative is available?
What if it is not cost efficient?
What would be the correct and most suitable time to make the innovation public?
There are many such questions associated with the implementation of innovation process. The risks involved are, namely, excessive perceived economic risks uncertain demand for innovative goods or services dominated market by established businesses high direct innovation costs
lack of information experiencing extraordinary situations higher than expected competitive pressure trademark or copyright problems
It would not be wrong to say that Maersk is a company that has its strategies based on innovation or that innovation is an integral part of its strategy. Although innovation is essential in today's world market, it…
Andrew, J., Sirkin, H. And Butman, J., 2007. Payback: Reaping the Rewards of Innovation. USA: Harvard Business Press.
Astebro, T. And Michela, J.L., 2005. Predictors of the survival of innovations. Journal of Product Innovation Management, 22 (4), pp. 322-335.
Branscomb, L. And Auerswald, P., 2003. Taking Technical Risks. USA: MIT Press.
Fuglsang, L. 2008. Innovation and the Creative Process. UK: Edward Elgar Publishing Limited.
Taken together, all these factors influenced by the stage a product is in relative to the industry lifecycle; influence the business model's profitability. Overall this factor influencing a business modes' profitability is the stage in the product lifecycle a product is relative to the industry.
Another significant series of factors are the extent of the supply chain integration, supply chain management and supply chain planning the company has engaged in. For customer orders to be filled on time and delivered accurately, the synchronization of supply chain systems and suppliers is critical. This has a direct impact on a business models' profitability as well.
Third, there is also the aspect of how the distribution channels, both direct and indirect, are managed from an incentive, costing and margin standpoint. It is important to manage indirect channels to alleviate pressure on pricing and margins by only signing up with channel partners who can…
The lifecycle model is well-attuned to those product areas that have rapid product lifecycles and the need to continually bring new innovation into key markets. The lifecycle model of creating new ventures looks to capitalize on factors that will force a business to ascend or grow quickly over time. This is the case with Internet start-ups and the rise of e-commerce for example (Shi, Manning, 2009). The learning model is significantly different from the other two as it concentrates on creating a knowledge-sharing network within which information, insight, both tacit and explicit knowledge is shared throughout the network of people striving to create an effective business model (Shi, Manning, 2009). The learning model is the precursor to a business model becoming a knowledge-sharing network over time
(Leavy, 2010). This type of model places knowledge at the center of the competitive advantage for any company first and then builds out the…
Carolyn Heller Baird, & Cristene Gonzalez-Wertz. (2011). How top performers achieve customer-focused market leadership. Strategy & Leadership, 39(1), 16-23.
Ghezzi, a., Balocco, R., & Rangone, a.. (2010). How to get strategic planning and business model design wrong: the case of a mobile technology provider. Strategic Change, 19(5/6), 213.
Phillip a. Laplante, & Colin J. Neill. (2004). Opinion: The Demise of the Waterfall Model Is Imminent. ACM Queue, 1(10).
Brian Leavy. (2010). A system for innovating business models for breakaway growth. Strategy & Leadership, 38(6), 5-15.
6. usiness Model Evolution
As the company's 2008 annual report points out, the company's business model is focused on ensuring the appropriate instruments that can help the consumers "capture, store, process, share, print and view"
information. From that perspective, one can understand the core of the HP business model. However, in its medium and long-term strategy, it also needs to consider an additional factor that is likely to have an impact on the evolution of the business model: more and more, information is either online or, even more plausible, it needs to be readily accessible to the client at any moment in time. As all technology has encouraged this approach, the presence of information online seems to be a necessary development of the HP business model.
The company could use the newly acquired software companies to move more towards the online environment, which is where the core of the information…
1. BR Staff Writer. 2007. HP reaches $100 billion revenue mark for the fiscal 2007. On the Internet at http://www.cbronline.com/news/hp_reaches_100_billion_revenue_mark_for_the_fiscal_2007 . Last retrieved on November 4, 2009
2. Wikipedia. On the Internet at http://en.wikipedia.org/wiki/Hewlett_Packard . Last retrieved on November 4, 2009
3. Pui-Wing, Tam. 2002. For Hewlett -- Packard, the Real Competition Doesn't Make Printers. The Wall Street Journal Europe. September 2002.
4. 2008 Annual Report. On the Internet at http://media.corporate-ir.net/media_files/irol/71/71087/HewlettPackard_2008_AR.pdf . Last retrieved on November 4, 2009
Of all future directions, the communications hub seems to make the most sense.
What makes Google such a powerful business model is its ability to translate customers' needs into technology that can be used to generate advertising revenue. Google's highly unique business model resists competition and being treated as a commodity as a result. What Google does very well is listen to customers, no matter how they choose to communicate with the company (Murray, 9). Using the same technologies used to map web pages as to understand customers needs, Google is at the forefront of being able to listen and respond to customers. This is one of the reasons why Google has one of the most precious attributes of any company, which is trust. Trust is the new internet currency (Pitta, 52) and Google has found a way to generate and sustain it with its use of technology and…
Michael Castelluccio 2003. Google -an index for the world. Strategic Finance 84, no. 11 (May 1): 51; (Accessed December 7, 2007).
Craig Henry 2007. Periscopic media tour. Strategy & Leadership 35, no. 3 (May 1): 56-62; (Accessed December 7, 2007).
John G. Falcioni. "Innovation (and Google)." Mechanical Engineering 128.12 (2006): 4. ABI/INFORM Global. ProQuest; December 7, 2007 http://www.proquest.com
Google Labs, Research papers on Natural Language Processing. Indicates focus of Latent Semantic Indexing. Accessed from the Internet on December 7, 2007 from location: http://labs.google.com/papers.html#category9
Business Model Canvas
I found a lot of the techniques were valuable to helping me to perform my organizational diagnosis of Pfizer. The biggest thing was having a number of models that would help me to think about different things. Among the models used were financial analysis, the Porter's Five Forces analysis of the industry, the different type of competitive advantage, a SWOT analysis and an examination of the different forms of competition in the industry. By having a wide range of models, I was able to analyze the company from a number of different perspectives, and this allowed me to better understand Pfizer.
I think that understanding the profitability of the industry, as expressed in the Porter's Five Forces Model, is one of the most helpful things that was covered. It is important to understand how an industry works, because the way that different industries function often dictates what…
It is through best practices by offering CM Industry-based templates that is a set of synergistic, preconfigured work products that assists in quicker implementation, lower installation risk and potential OI.
Customer elationship Management as a management style has been amply used by the Fortune 500 companies since the 1990s along with the concepts of organizational competence, knowledge and learning. In a lot of industries, featured by speedier technological development and cut-throat competition, enhanced knowledge, instead of maker strength and positioning, has been making the difference thereby contributing to long-term success of the company. Even though companies who seclude themselves from the pressures of competitors might enjoy returns that is above average and some sort of exclusive internal potentialities and resources are responsible for enhanced performance. Given a wider difference, knowledge and more particularly, core competencies such as Customer elationship Management -- CM remain some of the important internal resources. Viewed…
Bjerke, Bjorn. Business Leadership and Culture: National Management Styles in the Global
Economy. Edward Elgar. Cheltenham, England. 1999.
Brands and Partners. General Motors Corporation. 2005. http://www.gm.com/company/gmability/sustainability/reports/05/300_company/2_twenty/320.html
Deutsch, Claudia. H. GE finds strength in its Diversity. New York Times.
Business model canvas contains nine points related to creating a business model to translate a good idea into a viable business. These nine building blocks are customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnership and cost structure (Osterwalder & Pigneur, 2009). The company is question is Hanson Logistics, a specialist in frozen food distribution. The company already exists and is successful enough to work for Wal-Mart, so arguably it does not need a business model; it already has one. Some of the elements of a business model canvas will be used, however, to discuss a proposed new warehousing facility in Indiana.
The first building block is the customer segments. There are only so many buyers of frozen food, but there are a couple of interesting segments. Wal-mart is obviously going to be the first segment. They are the nation's largest food retailer and…
Investopedia. (2014). Value proposition. Investopedia. Retrieved October 27, 2014 from http://www.investopedia.com/terms/v/valueproposition.asp
Leeb, S. (2013). Wal-mart fattens up on poor America with 25% of U.S. grocery sales. Forbes. Retrieved October 27, 2014 from http://www.forbes.com/sites/greatspeculations/2013/05/20/wal-mart-cleans-up-on-poor-america-with-25-of-u-s-grocery-sales/
Osterwalder, A. & Pigneault, Y. (2009). Business model generation. Self Published.
Business Model Design Codequest, Inc
Business Model Design for CodeQuest, Inc.
This company deals with video gaming business. It has spotted the market gap that exists in this sector, and the management has invested heavily in it. The managers in this company have for long strived to control the market through dominance. In this paper, the company's five phases of mobilizing, understanding, designing, implementation and management of its activities. The discussion will focus on CodeQuest main activities, its critical success factors, and the key dangers it faces in the industry.
The main activities at this company include developing videos for sale to the clients in the industry. They also deal with the production of assorted entertainment products such as the comedy videos for the children as well as making advert videos. The first thing that the management does is to mobilize funds to be used in the production…
The data is usually not free, but offered for a fee. Likewise, some websites offer paid content for user services (Rappa 2009). An example might be a site that might agree to 'search' for a particular home for a buyer, or offer an exclusive portal between sellers, builders, or other industry professionals.
However, these types of sites are rapidly falling out of favor, because of the widespread availability of free content. For a businessperson trying to attract the likely astute and educated core consumer of the green home market, the best type of e-commerce would be a site with advertised homes and materials, and also general interest articles to lure more individuals to search and read the site. Once the consumer's attention was obtained and generated through a search engine, the web-surfer would be very apt to read and/or click to advertisements, given the unusual and still-exclusive nature of many…
Rappa, Michael. (2009). Business models on the web. Digital Enterprise.
Retrieved April 3, 2009 at http://digitalenterprise.org/models/models.html
Business Model: Mobile Salon
The main objective in relation to the execution of this research exercise is the formation of a mobile hair and beauty salon. The main reason behind this idea is an encounter I would never forget. I had to attend to a special function in the office thus the need to have my hair done. Since I was tired, I decided to have a rest on my couch for about ten minutes. This proved to be costly since I managed to wake up at 9:00 PM. The salons had been closed until 10.00am the following morning thus lack of an opportunity to have my hair done. I thought about an effective and efficient approach to offer valuable solution for women in the similar situation. According to examination by Schaper et al., numerous business ideas emanate from personal experiences or problems.
Critical examination of the research activities indicate…
Mokhtari, H, Abadi, I, & Amin-Naseri, M 2012, 'Production scheduling with outsourcing scenarios: a mixed integer programming and efficient solution procedure', International Journal Of Production Research, 50, 19, pp. 5372-5395
Kumar, S, & Suresh, N 2009, Operations Management, [N.p.]: New Age International, eBook Collection (EBSCOhost)
Schniederjans, M, Cao, Q, & Ching Gu, V 2012, 'An operations management perspective on adopting customer-relations management (CRM) software', International Journal Of Production Research, 50, 14, pp. 3974-3989
Banks, T 2012, 'Urban Salon's Three Mobile concept set for full roll-out', Design Week (Online Edition), p. 2,
Business Model Development & Analysis
Virgin Galactic has planned to launch its LauncherOne aircraft which will help the Planetary esources to explore and develop valuable resources from asteroids. The LauncherOne will have capability to make various journeys into the Space every year. Virgin Galactic has also planned to start human flights to the moon in the near future. While this strategy can give it the first mover advantage in the industry, the risks and issues present in the Space business can also pose it big challenges and affect its operational and financial performance in the long run.
The purpose of this paper is to analyze and discuss this innovative strategy of the company from different perspectives. It starts with a brief introduction to the aerospace industry, the strategic decision of Virgin Galactic, and the vision, mission, and other key attributes of this decision. The main body of the…
Beaudry, C. 2001, Entry, Growth and Patenting in Industrial Clusters: A Study of the Aerospace Industry in the UK, International Journal of the Economics of Business, 8 (3): 405-436.
Cadogan, R.S. 2011, U.S. Aerospace Industry: Analysis and Prospects. U.S.: Nova Science Publishers, Incorporated.
Clear Water Corporate Finance LLP, 2010, Aerospace Global Report 2011: A Clearwater Industrials Team Report. Available from [Accessed September 19th, 2012]
Commission on the Future of the U.S. Aerospace Industry, 2012, U.S. Aerospace and Aviation Industry: A State by State Analysis. Available from [Accessed September 19th, 2012]
The company is Costco. Costco Wholesale Connections is the largest membership warehouse club chain in the United States. A warehouse club chain is a retail store that sells a wide variety of merchandise where clients are required to buy products in quantities, reducing its price markup on products up to 15%. The cheap prices, kept down by the no-frills atmosphere to the store makes the store attractive to people buying in bulk seeking cheap prices and to small-business owners. Buyers are usually also required to pay annual membership fee (currently $55) in order to shop as well as to supply their own bags or carrying materials in order to package and carry away products.
Costco is the third largest retailer in the United States and the ninth largest in the world (Top 100 etailers ). It is the largest retailer of wines in the United States. Costco Optical…
Bary, A. (March 23, 2009). Kings of the Jungle. Barron's Dow Jones & Company
Bostrup, T. (n.d.). Introduction to Relational Databases - Part 1: Theoretical Foundation. 15 seconds. Retrieved on 11/7/2011from: http://www.15seconds.com/issue/020522.htm
Boyle, M (2006). Why Costco is so addictive. Fortune 154 (9). http://money.cnn.com/magazines/fortune/fortune_archive/2006/10/30/8391725/index.htm?postversion=2006102506 .
Collier, J. (December 10, 2009). Coke returns to Costco next week. The Atlanta Journal-Constitution.
Lululemon Athletica, Inc. Company & Financial Analysis w/ Recommendations
Lululemon Athletica, Inc. was founded in 1998 and is headquartered in Vancouver, Canada. Lululemon Athletica operates under the Textile—Apparel Clothing classification in the U.S. and its shares are publicly traded on the Nasdaq under the ticker symbol LULU. The company currently employs approximately 12500 people and has risen back from a 2013 controversy in which the yoga-wear apparel maker was embroiled in a fashion faux pas that threatened to undercut the industry it virtually launched single-handedly. Lululemon’s commitment to athletic gear for women helped it to effectively address the issues it faced with its see-through spandex slip-up and redirect its resources to improving its public relations image, strengthening its brand, and supporting sales through an active marketing strategy that helped keep competitors at bay.
Since shares bottomed at $38.47 in 2014, LULU has more than doubled its…
Freedman, D. (2017). Bricks, Mortar—and Experiences. Wall Street Journal. Retrieved from https://www.wsj.com/articles/bricks-mortarand-experiences-1503258657
Kim, W. & Mauborgne, R. (2005). Blue ocean strategy: From theory to practice. California Management Review, 47(3), 105-121.
Li, S., Robinson, P. & Oriade, A. (2017). Destination marketing: The use of technology since the millennium. Journal of Destination Marketing & Management, 6(2), 95-102.
Lovelace, B. (2016). Lululemon’s shares jump on earnings outlook boost, stock buyback program. Retrieved from https://www.cnbc.com/2016/12/08/lululemon-shares-jump-on-earnings-outlook-boost-stock-buyback-program.html
Macro Axis. (2018). Lululemon. Retrieved from https://www.macroaxis.com/invest/market/LULU--fundamentals--Lululemon_Athletica_Inc
Sherman, L. (2016). The rise, stumble and future of Lululemon. Retrieved from https://www.businessoffashion.com/articles/intelligence/the-rise-stumble-and-future-of-lululemon
Thompson, A. (2016). Lululemon Athletica, Inc. in 2016: Can the company get back on track? Case 09.
Trout, J. & Rivkin, S. (2006). Differentiate or die. In The marketing Gurus (ed. Murray). NY: Penguin.
This plan of action is to denote exactly what measures Best Buy must take to ensure that it is able to both maintain, as well as expand, its share of the retail market for electronics and other retail items. The truth of the matter is at this point Best Buy is at a critical juncture in both its business model and processes, and must proceed in the right direction in order to achieve the aforementioned objectives. Failure, then, to heed this report and all of its details could mean a regression of Best Buy’s business opportunities.
There are a number of prominent facets of key analytics proof points indicative of the situation in which Best Buy finds itself as 2017 transitions to 2018. One of the most significant of these pertains to its international business. Best Buy’s international business is one the few key areas which was…
Part I - Mergers and Acquisitions
Johnson & Johnson’s business model was predicated upon expansion and dominance in the marketplace through the acquiring of other businesses, and thus the acquisition of the Swiss biotech firm aligns with the company’s strategy. However, there are good and bad aspects to the deal. For instance, Johnson & Johnson is paying a huge premium on a smaller company that is in competition with generic drug makers—so there is a real chance that Johnson & Johnson may never make its money back. Then why acquire the company? Actelion could help to boost Johnson & Johnson’s revenue growth rate by more than a percentage point. It is also a way for the company to use its overseas cash holdings in a way that is tax-effective. At the same time, it is important to note that Johnson & Johnson is not even really acquiring all of…
ODR has been slow to modernize and take advantage of the software that is available to streamline business practices and drive efficiency. An example of this is the company’s current manual process for rentals. The manual nature of the process not only makes it inefficient at the time of the rental, but makes it very difficult to maintain documentation over the long run. Tracking damages has been a particular pain point, as damages cost the company money, create customer service problems, and it is important to be able to track and recover damages. It is recommended that ODR replaces its current paper-based system for renting with rental equipment software that allows for rentals to be tracked digitally, and then integrated with the company’s billing software. This paper will outline the multiple different benefits of bringing in rental equipment software to digitize this process and improve efficiency and documentation.…
Capterra (2019) Rental software. Capterra. Retrieved March 9, 2019 from https://www.capterra.com/rental-software/
EZ Rent Out (2017) 5 benefits of using equipment rental software this season. SlideShare. Retrieved March 9, 2019 from https://www.slideshare.net/ezrentout/5-benefits-of-using-equipment-rental-software-this-season
Leschohier, J. (2013) How management software innovations will benefit rental businesses over the long term. For Construction Pros.com. Retrieved March 9, 2019 from https://www.forconstructionpros.com/construction-technology/article/11189693/how-management-software-innovations-will-benefit-rental-businesses-over-the-long-term
Rentrax (2019) What are the benefits of using equipment rental software? Rentrax. Retrieved March 9, 2019 from https://rentrax.io/2017/08/30/using-rental-management-software-benefits/
Financial Plan Explanation
Current Business Model
This project is for starting a group home for veterans. The group home will be paid for by a mix of government payers (VA, Medicare, Medicaid), and private payer. The group home is going to have a premium service offering, so that veterans feel like they are treated with respect. The reality is that many veterans receive substandard care, when their families can afford to give them the best possible care. It is our mission to ensure that veterans are afforded the opportunity to enjoy a standard of care that befits their service to America.
The group home model works on the principle that the veterans who live in the home will share some facilities (Leonard, 2017), including access to medical care. The home staff will take care of many of their day-to-day living needs, but the patients will be able to live in…
1st Commercial (2015) Is a bank line of credit smart in a recession? 1st Commercial Credit. Retrieved December 1, 2018 from https://www.1stcommercialcredit.com/blog/category/factoring/is-a-bank-line-of-credit-smart-in-a-recession/
Investopedia (2018) Return on investment. Investopedia. Retrieved December 1, 2018 from https://www.investopedia.com/terms/r/returnoninvestment.asp
Leonard, K. (2017) How to open a group home. Houston Chronicle Retrieved December 1, 2018 from https://smallbusiness.chron.com/open-group-home-15256.html
Marquis, A. (2018) Examples of project cost assumptions. Houston Chronicle. Retrieved December 1, 2018 from https://smallbusiness.chron.com/examples-project-cost-assumptions-36270.html
Wasserman, E. (2018) How to write the financial section of a business plan. Inc Magazine. Retrieved December 1, 2018 from https://www.inc.com/guides/business-plan-financial-section.html
The Problem with Trusting Online Companies in the Digital Age
As Todd Zwillich and Christian Rudder show in “It’s Not OK Cupid: Co-Founder Defends User Experiments” Internet-based companies rely on algorithms and Big Data in order to sustain their business model. That means, these companies—from Facebook to Google to OK Cupid, the matchmaking dating service site—have to understand whether or not their algorithms are working optimally, either to retrieve the right searches in Google’s case or to match the right people as in OK Cupid’s case. However, in order to perfect their approach, they have to perform random tests—which can rub the public the wrong way when it learns after the fact that it was subjected to false information because the site it had trusted for a moment was engaged in a routine test of its processes. So is the problem or fault with the companies for testing their algorithms…
Todd Zwillich and Christian Rudder: “It’s Not OK Cupid: Co-Founder Defends User Experiments.” In Everything’s an Argument, ed. by Andrea Lunsford, John Ruszkiewicz, and Keith Walters.
For example, someone interested in green technology from a cost perspective might value operational excellence in a company -- seeking the lowest price replacement windows in the least amount of time with the least amount of disruption to their family. Someone interested in the greenest home possible may be interested in innovation, and still others might be attracted to the idea of a custom-built home. Just as there is no one housing market, even within the market of green housing consumers, many different segments and demographics exist, along with conceptions of what conveys value.
Treacy, Michael, iersema, Fred. (1993, January). Customer intimacy and other value disciplines. Harvard Business Review, 71(1), 84. Retrieved April 3, 2009, from ABI/INFORM…
Treacy, Michael, Wiersema, Fred. (1993, January). Customer intimacy and other value disciplines. Harvard Business Review, 71(1), 84. Retrieved April 3, 2009, from ABI/INFORM Global database. (Document ID: 1102472).
As, it declined from: 24% (in 1994) to 16% (by 2008). While at the same time, wage increased from $3,814 in 1996 to $7,870 in 2009. The below table is illustrating the overall scope of these changes in income during this time. (Villareal, 2010)
Annual Income Levels in Mexico from 1996 to 2009
These different figures are important, because they are showing how once NAFTA was ratified, is when it would slowly address inequalities inside Mexico. This is an indication that the abandoning of the classical model would have a positive impact on the country. (Villareal, 2010)
Therefore, this is highlighting how there is a causal relationship between the low wages and lack productivity in Mexico in comparison with the U.S. Once the views on trade began to change, is when there was a transformation in these…
Time Spent on Face Book. (2011). Business Insider. Retrieved from: http://articles.businessinsider.com/2011-09-26/tech/30203311_1_facebook-aol-search-giant
Bagh, C. (2011). Apple's 3 Product Design Strategies. IB Times. Retrieved from: http://www.ibtimes.com/articles/111579/20110211/apple-ceo-steve-jobs-ios-4-2-john-sculley-vertical-integration-product-design-iPad-iPod-iPhone.htm
Brahm, L. (2007). The Art of the Deal in China. Tokyo: Tuttle
Boden, J. (2008). The Wall Behind China's Open Door. Brussels: Academic and Scientific Publishers.
Business Model Framework to Analyse the Impact of eBusiness on an Existing Business by Susan Lambert. This was published at the Collecter Conference 2007, held December 9-11th in Australia. The article attempts to "demonstrate that a business model framework that affords primacy of concept to the value proposition and that follows the rules of the object-oriented paradigm can be useful in evaluating e-business initiatives." The wording of this objective obfuscates the nature of the study, which appears to be that the use of models can help to understand why e-business initiatives succeed or failure in established companies. The author wastes considerable space on superfluous information, such as three pages defining "primacy of concept," and this further obfuscates the findings of the work. The author's conceptual background is then applied not to a study but to a singular anecdote.
The author's base question revolves around finding ways to determine the success…
Lambert, S. (2007). A Business Model Framework to Analyse the Impact of eBusiness on an Existing Business. Collecter Conference 9-11 December 2007, Australia.
Kimery, K. & Amirkhalkhali, S. (2008). Cultural Differences in the Adoption of Electronic Commerce: A Comparison of Japan and the United States. EABR & TLC Conference Proceedings, Rothenburg, Germany, 2008.
Doing so helped it in various ways, not least not to endanger its resources whilst testing and promoting its success before moving forward.
However, companies have to adjust to the times, and DEC being unable to was, gradually overcome by its rivals.
DEC can teach us various lessons but one such lesson is that of Trialability - namely, that new ideas that are broken up in installments will more readily be realized. DEC was successful, precisely because it split its program into two phases. Doing so made it trialable which represented less uncertainty to clients and to the company itself.
Opening up innovation at P&G
Tags: Diffusion; external technology; marketing; compatability; mergers; licensing; spin-offs.
Proctor and Gamble devised an innovative way to spin-off or diffuse its innovations.
After having slipped and plunged in the late 1990s and in the early years of the millennium, to some of the biggest declines…
Lefler, P. When DEC was the king of innovation. Customer Think.
Plantes, K. A compelling example of business model innovation: Finfrock Industries
Examination of easyGroup's External Environment
Often, achieving competitive edge in an industry has less to do with a company's specialized set of resources, its innovative processes or its unique branding identity and has far more to do with its capacity to recognize needs in the market and find ways to satisfy them. Such is to say that where competitive edge is typically regarded as something attributable to the internal qualities of an organization, sometimes competitive edge may be devised simply by observing the market, identifying its biggest voids and filling these in a strategically sound matter. These externalities are most responsible for the competitive edge sought by easyGroup, purveyor of the no-frills, low-cost airline easyJet and aspiring purveyor of a business called easyCinema that would feature many of the same qualities applied in a different industry.
For easyGroup, the decision to create the business segment in question emerged…
Doz, Y.L. (2003). Case 3-5: Extending the 'Easy' Business Model. INSEAD.
Illustrate the difficulties of establishing and managing a subsidiary in terms of strategic ethical considerations -- not only because of differences in corporate (organizational) cultures, but also in national cultures and laws.
The United States has some of the most restrictive laws regarding cigarette taxation, use of tobacco, and advertising. The government actively campaigns against tobacco use as part of its public health education efforts. Thus it behooves J to sell its product abroad in less restrictive contexts, effectively encouraging other people to risk their health smoking tobacco. Often such nations are located in the developing world and target people who have less education about the damage that tobacco can do to their health.
Q2. Explain in your own words why J prefers to work with a local partner to establish a joint venture rather than simply acquiring a company in another country.
Given that J has frequently embarked…
Brustein, J. (2015). Inside Radio Shack's slow-motion collapse. Bloomberg. Retrieved from:
Hartley, R.F. (2005). Management mistakes and successes (8th ed.). Hoboken, NJ: John Wiley.
Rocco, M. (2015). These RadioShack stores will be closing. Retrieved from:
New Marketing Plan
Overview of Company
Dawn is a startup company that plans on making the most of the prospect that is the entrance into retirement age of the Baby Boomer generation. The company perceives this as a business opportunity to offer services to this population. In particular, the company will serve as a housing community that offers the product package or services to active seniors who have attained 55 years of age and above. This will encompass assisted living that could be partial or full-time, depending on the needs of the client. Dawn intends to not only offer these services, but also other amenities that will make life comfortable for the adult patients. The company plans on setting up its premises in Boston. The following is a marketing plan that is purposed on creating a profitable business model for the company.
Market esearch Strategies
The company will make use…
Ferrell, O. C., Hartline, M. (2014). Marketing Strategy. Ohio: South Western Cengage Learning.
Pride, W., Ferrell, O. C. (2010). Marketing. Ohio: South Western Cengage Learning.
Hanssens, D. M., Pauwels, K. H., Srinivasan, S., Vanhuele, M., & Yildirim, G. (2014). Consumer attitude metrics for guiding marketing mix decisions. Marketing Science, 33(4), 534-550.
Henry, A. (2011). Understanding Strategic Management. New York: Oxford University Press.
Google and Microsoft are competitors in two different businesses, search engines and mobile operating systems. Google is the industry leader in search engines, garnering massive amounts of traffic on its different sites. Google has a number of different search sites (maps, scholar, images, translate) that are in line with its mandate to make information more freely accessible. The company's Android mobile operating system has become a major product for the firm, spurring strong growth in the past few years. Android is licensed by OEM companies (smartphone and tablet makers) to use as an operating system. Much of Google's revenue comes from advertisement sales, which are based on search terms and customer information that has been gathered. The company holds a dominant position in this market.
Microsoft's main business is in the indows operating system and in the company's suite of software. These generate revenues both from OEM…
Investopedia. (2012). Reading the balance sheet. Investopedia. Retrieved March 5, 2012 from http://www.investopedia.com/articles/04/031004.asp#axzz1oHefP0yK
Loth, R. (2012). Understanding the income statement. Investopedia. Retrieved March 5, 2012 from http://www.investopedia.com/articles/04/022504.asp#axzz1oHefP0yK
MSN Moneycentral (2012). Google MSN Moneycentral. Retrieved March 5, 2012 from http://investing.money.msn.com/investments/stock-balance-sheet/?symbol=us%3AGOOG&stmtView=Ann
MSN Moneycentral. (2012).
Dell business model and strategy is one of the best strategies that can be employed by various organizations for them achieve their set goals and business objectives (Hall, 2000). In this paper we describe how the auto industry might work differently if it were designed in accordance with the Dell Model.
The Dell model
The Dell Model (Hall,2000,p.6).
The strategy comprises of three main components namely the best direct customer experience, virtual integration as well as low cost provider. In the Dell Model, the company occupies the Original Equipment Manufacturer (OEM) space between the suppliers and customers.
The best direct customer experience
One of the strategies that are employed by Dell is the provision of the best direct customer experience that they can have with machines (computers) as a tool. This involves the obtaining of these computers, using them as well as servicing them appropriately. This stage involves no intermediaries…
Hall, RW (2000). Distributed Excellence and the Dell Model. Target Volume 16 (2)
Kraemer, KL and Dedrick, J (2002): "Dell Computer: Organization of a Global Production Network," Center for Research on Information Technology and Organizations, 2002.
Kraemer, KL.,Dedrick, J ., Yamashiro, S (2002). Refining and Extending the Business Model With Information Technology: Dell Computer Corporation
Their pricing is relatively high due to high product differentiation.
The Body Ship has almost 2, 500 stores in 61 countries. Started in the late 1970s to appeal to a market that has been increasingly enamored with natural ingredients and products, this market has only grown whilst trends for holistic and organic items have, if not stayed constant, certainly increased. In this way, the Body Shop not only managed to carve a niche for itself when inclination for natural products was just beginning but it has gained a reputation and foothold in this field, that a rare few have been able to beat.
The Body Shop is a mature market and a long-established company having a niche in the field. It has high entry barriers making for tough competition and little opportunity for new entrants. Their key strength is, therefore, their name, experience, and image. They also…
An ageing population with motivation and the capacities to spend on premium-priced products that claim to possess natural anti-ageing properties is another factor that works in the store's favor.
The Body Shop. (2009) Living our values. The Body Shop International PLC
organizations customer markets fundamental business models • In a 3- 5-page paper, apply framework -market analysis (external labor markets, internal labor markets, capital markets, customer markets) conduct a compensation strategy analysis competitive landscape organizations • In addition, organization, highly influential, large population job organization apply question, "What economic difference organization performance job, poor, mediocre outstanding?" Post a multiple market analysis.
Competitive Landscape Analysis on Three Companies
Coca Cola Competitive Landscape Analysis
External Labor markets
Coca Cola is one of the most well-known companies on international level. The company is an established brand with high popularity. Coca Cola has built in time significant emotional attachment to this brand from customers, employees, and business partners. Therefore, it is expected that numerous individuals want to work for the company. Coca Cola has developed a recruitment and selection process oriented towards external sources of recruitment especially regarding entry level and mid level positions. This…
1. Russell, K. (2012). Internal Recruitment: Right or Wrong? HR Magazine. Retrieved May 6, 2013 from http://www.hrmagazine.co.uk/hro/news/1073667/internal-recruitment-wrong .
Innovations in Smartphone Apps
Wireless technology is one of the fastest-changing phenomena in the world today. No single day passes without the telecommunication industry experiencing some new development that revolutionizes the way information is accessed and used. This technological evolution brings about improved security, increased coverage and greater throughput, and in so doing, impacts on information accessibility. Although this evolution has had an impact on almost all spheres of human life, the world of business stands out. The scale on which businesses can access corporate data today has never been experienced before. With mobile technology for instance, the retrieval of sale-closing or account-servicing information no longer depends on the proximity to the premises' LAN. Companies are, therefore, in a position to conduct business from anywhere, twenty-four hours a day, seven days a week.
It would be prudent to begin by outlining some of the significant mobile technology advancements realized in…
Agbinya, J.I. & Masihpour, M. (2010). Part III: WiMAX and LTE Link Budget. In J. Agbinya (Ed.), Planning and Optimization of 3G and 4G Wireless Networks (pp. 105-160). Aalborg: River Publishers.
AT&T. (2014). Machine to Machine Solutions. AT&T. Retrieved from http://www.business.att.com/enterprise/Family/mobility-services/machine-to-machine/
Forlano, L. (2008). Anytime? Anywhere?: Reframing Debates around Municipal Wireless Networking. The Journal of Community Informatics, 4(1), 401-438.
Hampton, T. (2012). Recent Advances in Mobile Technology Benefit Global Health, Research, and Care. JAMA, 307(19), 2013-4.
O'Briens sandwich bars business model basically failed as a result of subletting franchisee properties.
O'Briens founder was Brody Sweeney.
He got the idea for O'Briens from a Subway restaurant in New York.
He started O'Briens in 1988 in Dublin.
The business lost money for the first six years of its existence.
A boost in the economy of Ireland brought success.
Employed people came in daily for sandwiches and coffee.
At its peak, the company was selling 140,000 sandwiches daily.
It was the biggest coffee seller in the Republic.
In 2007, franchise stores had a combined turnover of €140m per year.
The holding company had profits of €1.2m.
Sweeney became a poster boy for Ireland's new breed of entrepreneur.
He took the brand overseas.
In July 2007, O'Briens Irish Sandwich Bars Ltd. employed 20 people directly and 800 indirectly via franchises in Ireland.
The brand had 220 worldwide outlets in 13…
Patterns, Design, And Overall Business Strategy
Many organizations are complex and unyielding to casual analysis, but there are some methods available that can help discern the manner in which organizations are structure and operated. To gain some fresh insights into this area, this paper that presents the author's conclusions concerning the patterns, designs, and overall business strategy depicted by a business model canvas including a discussion about metaphoric and framing applications. A summary of the research and important findings concerning these issues are presented in the paper's conclusion.
It is possible to view complex organizations according to a number of different perspectives and it is important to do so in order to subjectively discern the intricacies of its business model and operations. In this regard, Gareth Morgan reports that, "People who are open and flexible and suspend judgment are able to recognize several perspectives, which open up several rather than…
Bolman, L.G. & Deal, T.E. (1991). Leadership and management effectiveness: a multi-frame, multi-sector analysis. Human Resource Management, 30, 509-534.
Bolman, L.G. & Deal, T.E. (1992). Leading and managing: Effects of context, culture and gender. Education Administration Quarterly, 28, 314-329.
Morgan, G. (n.d.). Gareth Morgan's organizational metaphors: Perspectives on organizations.
Dimensional Business Model
Today, there are many pieces of literature that offers advice on the best way to conduct business and to analyze its results. Among a bewildering array of mission statements, business plans, and analyses, it is the duty of the business owner to make a choice that would best suit his or her business. For eader's Digest Inc., for example, one might apply several business models to determine the best one. The Abell model is an example of these that might provide significant insight about how eader's Digest can move its business to a more modern, digital age.
The Abell model is three-dimensional in nature, so called because it answers three strategic questions (MOOC Modules Entrepreneurship, 2014):
Who is the target customer group?
What function do we provide for the customer?
How do we provide for that function?
These questions then imply three dimensions; the market group dimension…
MOOC Modules Entrepreneurship. (2014). Abell Analysis. Retrieved from: https://sites.google.com/site/moocmodulesnils/marketing/abell-analysis
Vault.com (2014). The Reader's Digest Association Inc. Retrieved from: http://www.vault.com/company-profiles/media-entertainment/the-readers-digest-association,-inc/company-overview.aspx
The main problem that Harmon Hotels is facing is that of cultural differences. As a corollary of this problem, the organization has no experience as a global company: all its hotels are in the United States and the expansion to France is the first part of a larger expansion project to Europe. As a consequence, the company will face communication and integration problems as it moves to the European market.
There are several additional issues to this core problem, which need to be listed before recommendations are made. First, the European market in general, and the French one in particular, is a pretentious, difficult market. Customers have particular expectations and it will not be enough to replicate the Harmon Hotels business model that works in the United States to the European market. A certain level of customization will be required.
Second, the managers that are moving to France…
Sea Treasures is facing a dilemma not unlike the same dilemma faced by many other businesses. Times change, technologies change and the markets change. Sea Treasures is facing going out of business due to their business model not being current with the demands, ebbs and flow of the market. To remedy this problem, Sea Treasures has decided to start off with a website from the ground up. This is their short-term solution. Over the long haul, Sea Treasures will flesh out their online business to include the sale of live animals. The short-term items will be aquarium decor items. One footnote given about the short-term plan is that the items being sold via the website are collecting dust in a warehouse that is rather costly for Sea Treasures to rent and maintain. While the overall plan for Sea Treasures is pretty basic, the execution will be complex and it is…
Anderson, D., & Ackerman, L. (2016). Leader to Leader Journal - Article Print Page. Leadertoleaderjournal.com. Retrieved 8 February 2016, from http://www.leadertoleaderjournal.com/article-print-page/conscious-change-leadership-achieving-breakthrough-results.aspx
Cummings, T., & Worley, C. (2016). Best website on HRM - Excellent HR Tools and HR Presentation Slides - HR ppt - Human Resource Management. Explorehr.org. Retrieved 8 February 2016, from http://www.explorehr.org/articles/Organization_Analysis/Five_Steps_for_Effective_Change_Process.html
Lu, C. (2016). Zara's secret to retail success - its supply chain. Tradegecko.com. Retrieved 8 February 2016, from https://www.tradegecko.com/blog/zara-supply-chain-its-secret-to-retail-success
Catalina in the Digital Age
Catalina was in the business of printing off coupons for consumers at grocery stores as they waited in the check-out line. Once finished checking out, the Catalina printers would print off a slew of coupons based on the personal shopping habits of the consumer. Consumer Packaged Goods (CPG) firms/retailers paid Catalina handsomely for this service -- much more (about 10x more) than that paid to loose-leaf coupon distributors in newspaper ads pages. Catalina put personalized coupons directly in the hands of buyers based on shopping history. Catalina's personalized shopping records of consumers was one of its biggest assets, and its ability to print off coupons in more than 30,000 retail stores across the U.S. made it a force to be reckoned with (Dolan, Karmarkar, 2014, p. 1).
However, the advent of the digital age brought a new challenge to the company. Should it embrace the…
Dolan, R., Karmarkar, U. (2014). Catalina in the Digital Age. Harvard Business School.
X. Pound's current size and corporate ethos.
F.X. must rebrand itself as a company that cares about the community, and knows the community well. As Miller Fuels has a superior range of products, F.X. Pounds must offer superior service. It must also solidify a more compelling risk-mitigation strategy. At present, the company spends little on marketing and promotion and offers no innovative services, such as lock-in energy pricing. It focuses only on current customers who are older and likely to remain with the company. 'More of the same' is its current approach, and other than owning a small gas station, which is still tied to the fortunes of the fuel industry, it has no way of dealing with future market volatility.
F.X. Pounds has been able forestall change because the market of natural gas has traditionally been that of an oligopoly, with only a few service providers. This has allowed…
Kilian, Lutz. (2008). The economic effects of energy price shocks. Journal of Economic
Literature, 46(4): 871 -- 909.
Michaels, Robert J. (2008). Electricity and its regulation. The Concise Encyclopedia of Economics. Library of Economics and Liberty. Retrieved May 7, 2010 from the World
Wide Web: http://www.econlib.org/library/Enc/ElectricityandItsRegulation.html
Food Emporium -- Business Proposal
This business proposal outlines an emerging model for food preparation. The business will be called the "Food Emporium" and will be located in the downtown Kuwait City area. The overall trend in food services is one that is learning towards health and this trend is expected to develop exponentially as more and more consumers become more health conscious and discover the advantages of living healthier lifestyles. The model consists of some combination or blend of a coffee shop, a cooking school, and retail shop mixed into one spread across two floors. Customers can partake in any of the activities within the store; however it is recommended that they enjoy all three simultaneously to receive the full experience that the location has to offer.
The layout is carefully designed to ensure that the most effective use of space is maintained. On the top floor…
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…
Falk, T. (2012). Detroit turns shipping containers into condos. Smart Planet. Retrieved December 4, 2012 from http://www.smartplanet.com/blog/bulletin/detroit-turns-shipping-containers-into-condos/5900
Food Marketing Institute. (2012). Supermarket facts. Food Marketing Institute. Retrieved December 4, 2012 from http://www.fmi.org/research-resources/supermarket-facts
Greene, B. (2012) the Farmery. Kickstarter.com Retrieved December 4, 2012 from http://www.kickstarter.com/projects/farmery/the-farmery
Imlay, T. (2006). Challenges in today's U.S. supermarket industry. Microsoft. Retrieved December 4, 2012 from http://msdn.microsoft.com/en-us/library/aa479076.aspx
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
Business Model Canvas
Combative Fighting Systems
Martial arts school that teaches Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Opened July 1995
Westminster Ave, Westminster, Ca. 90630 (714) [HIDDEN]
Martial art instruction for children through adults.
Mixed Martial Arts (MMA) training, coaching. Physical fitness
More info online Google Ken Gabrielson Brazillian Jiu-Jitsu.
"Dirty Dozen," Gracie Jiu-jitsu Black Belts. Combative Fighting Systems.
Fighters trained: John "Machine" Lober
Todd Medina El Tiburon
Provide mixed martial arts training and coaching, including: Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Provide an avenue for children and adults to develop physical fitness
"Dirty Dozen," Gracie Jiu-jitsu Black Belts, and Combative Fighting Systems
Superbly trained staff: John "Machine" Lober, Todd Medina, El Tiburon (have I got this right
Facility in Westminster, California
Chamber of Commerce, Westminster
Mixed Martial Arts Association (MMAFA)
International Mixed Martial Arts…
Osterwalder, A. And Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New York, NY: Wiley.
The Business Model Canvas Nonlinearthinking.typepad.com. Retrieved http://nonlinearthinking.typepad.com/nonlinear_thinking/2008/07/the-business-model-canvas.html
Alexander Osterwalder: The Business Model Canvas. [Video.] Retreived https://www.youtube.com/watch?v=2FumwkBMhLo
How to create your Lean Canvas. LeanStack. Retrieved http://leanstack.com/LeanCanvas.pdf
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…
In order to accomplish our mission we set forth the following strategic goals, they include:
Build the Financial perspective of our business by addressing how shareholders view the firm and which financial goals are desired from the shareholder's perspective. Goals are closely linked to the business lifecycle and must be adjusted over time. For example, in the early stages, our goal is revenue growth, but as the company becomes more sustainable, profitability will become more important.
Increase customer value by discovering what a customer's needs and value expectations are and then meeting or exceeding these expectations. Some examples of things that customers value include a broad selection of products, quality, service, performance, and low price.
Achieve operational excellence through the internal productivity that optimizes those business processes that will best satisfy customers. Productivity is more than efficiency; it depends on the value of the products and services (utility,…
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
Business report compares the two Australian service providers where by various aspects are critically looked at in respect to the design elements of a retail store environment. The elements are categorized into exterior facilities, general interior, store layout, interior displays and the social dimensions. Each of these design elements are categorically looked into differently taking into account the services being offered by the two chosen service providers namely Fadez Barbershop and Gloria Jean's Coffees.
The two chosen service providers are unique in their own way having been selected from different industries. Various design elements in comparison with the ussell's Model of affect are discussed and how they relate in different ways. ussell's model of affect talks about the various arousal levels that the consumers achieve when in contact with the mentioned design elements of a retail store environment, the interpretations and the impact they have that affects the buying decisions…
Adam W. (2011). Fadez Barber Shop. Retrieved September 16, 2012 from http://www.yelp.com/biz/fadez-barber-shop-newtown
Anna stahl, Kristina Hook & Petra Fagerberg, (n.d). Designing gestures for Affective input: An analysis of shape, Effort and valence. Retrieved September 16, 2012 from http://eprints.sics.se/145/1/PaperA.pdf
Authorstream, (2012). Crafting the Service Environment. Retrieved September 16, 2012 from http://www.authorstream.com/Presentation/aSGuest80925-757045-personal-environment/
Christopher Lovelock and Jochen Wirtz, (2004). Planning the Service Environment. Retrieved September 16, 2012 from http://tulip.bu.ac.th/~nisit.m/lovelock10.ppt
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain.
Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate data from each step of the operation, the engineers could have been more involved in the process and made improvements along the way before it became a large-scale crisis.
Through web-based business applications, engineers can now examine a defective printer cartridge and then use a thin client to put a hold on the entire batch if necessary, regardless of its physical location (anywhere in the world)
In conclusion, it is apparent that e-business is making its mark on the business…
Alexander, Michael. (2001). Factory Floors Go Online -- Pioneering manufacturers close the final gap in their supply chains. InternetWeek; Manhasset; Mar 12, 2001.
2002) Automotive Design & Production. Cincinnati, 114(8), 70-72.
Steele, a.L. (2001). Cost drivers and other management issues in the JIT supply chain environment. Production and Inventory Management Journal. Alexandria, 42(2), 61-68
Drickhammer, D. (2001, May 21). Peak performance. Industry Week. Cleveland, 250(8) 36-40.
Thus, the price will be:
(220*P)-(220*25.57) - $2,250 = 220P -- 7875.4 = $35.7, so the price for the one-hour session will be $360. Given that the expected demand is 240, the income statement will be as follows:
less variable costs
less Fixed Costs
Income Before taxes
The CMS website's search function is non-functional, so there does not appear to be any place to find out the reimbursement rate for this type of service. This is ok, because reimbursement rates will differ depending on the payer -- private insurers may have different rates anyway. The biggest issue is actually going to be with cash flow. All types of payers can be notoriously slow with their payments. It can take 60 or even 90 days sometimes to collect on billings, which will have an effect…
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the…
Ball, P. (2012, July 4). GlaxoSmithKline's bribes are evidence that Big Pharma isn't working. Retrieved from Guardian.co.uk: http://www.guardian.co.uk/commentisfree/2012/jul/04/glaxosmithkline-big-pharma-not-working
Borger, J. (2008, September 5). Why do CEOs make so much? Retrieved from Minnpost.com: http://www.minnpost.com/politics-policy/2008/09/why-do-ceos-make-so-much
Boselovic, L. (2011, May 15). Rajaratnam case puts big chill on insider trading. Retrieved from post-gazaette.com: http://www.post-gazette.com/stories/business/news/rajaratnam-case-puts-big-chill-on-insider-trading-297777/
Choudhury, U. (2011, October 14). Rajaratnam becomes a 'whipping boy' for Wall Street misdeeds. Retrieved from firstpost.com: http://www.firstpost.com/business/rajaratnam-becomes-a-%E2%80%98whipping-boy%E2%80%99-for-wall-street-misdeeds-107346.html
usiness Study Nucor Steel
Historical Performance Review vs. Goals
The performance of Nucor Steel has been one of volatility in their earnings and demand for their products. Part of the reason of for this, is because of the sharp contraction in demand for steel (due to the server implosion in economic activity). At the same time, the traditional volatility of industry would cause the company's earnings to become even more unpredictable. A good example of this can be seen by looking no further, than comparing revenues with the net income between 2006 and 2008. Where, revenues would climb from $14.7 billion in 2006 to $22.6 billion in 2008. While the net income, would become more unpredictable during the same period of time going from: $1.7 billion in 2006 to $1.4 billion 2007. At which point, they would begin to climb again, with 2008 net income coming in at $1.8 billion.…
Nucor Corporation. (2009). Scribd. Retrieved from: http://www.scribd.com/doc/21947260/Nucor-Report
Nucor Reports Quarterly Results for the First Nine Months of 2010. (2010). Nucor. Retrieved from: http://www.nucor.com/investor/news/releases/?rid=1485562
Nucor Steel. (2010). Yahoo Finance. Retrieved from: http://finance.yahoo.com/q/co?s=NUE+Competitors
Packard, John. (2010). Nucor Lowers Galvanized Coating Extras. Steel Market Update. Retrieved from: http://www.steelmarketupdate.com/pub/blog/posts/2010/5/28/nucor-lowers-galvanized-coating-extras/
Summarize the actions that lead to the lawsuit.
The actions that lead to the lawsuit are from an Ace Hardware franchisee alleging that they were defrauded by the company. What happened is oy and Pattie Ewers are suing based on the fact that the company deceived them into buying a well-known hardware store in Northern Virginia (named Fisher Hardware). The basic idea is that the Ewers' would make an initial purchase. While Ace, set up the franchise and helped the facility to build upon the customer base that was established over 60 years. ("Ace Hardware Lawsuit," 2012)
However, after the Ewers' received a $1.8 million SBA loan is when they were facing numerous difficulties with a supply chain that was filled with bugs. To make matters worse sales were much lower than the financial figures that oy Ewers examined before purchasing the store. The combination of these factors…
Ace Hardware Lawsuit. (2012). WHLA. Retrieved from: http://www.wjla.com/articles/2012/08/ace-hardware-lawsuit-fischer-s-hardware-owners-claim-ace-ruined-business-78662.html#ixzz2EzL0SOQP
Barkoff, R. (2008). Fundamentals of Franchising. Chicago, IL: American Bar Association.
Barney, J. (2012). Purchasing, Supply Chain Management and Competitive Advantage. Journal of Supply Chain Management, 48 (2), 3 -- 6.
Cross, F. (2011). The Legal Environment of Business. Mason, OH: South Western.
The existence and specialization of these three competitors materializes in the need for Creativity Sure to excel in the offering of the three types of products and services offered by challengers Karina Advertising, Falling Agency and Dorna PLC.
4.2 PEST Analysis
Political forces: The development of a full legislation within the advertising field has yet to become a complete process. ecent efforts have however limited the operations of advertising campaigns in the meaning of having eliminated all features that are not compatible with the product or which promise unrealistic outcomes, such as the tremendous loss of weight. Other issues regulated by the new laws refer to truth-in-advertising, product labeling requirements, online advertising and marketing, the advertising of specific products, telemarketing and direct marketing, and finally, regulations relative to environmental marketing (The Official Business Link to the U.S. Government, 2009). The new Obama administration has yet to take a new stand…
Chesbrough, H.W., 2003, Open Innovation: The New Imperative for Creating and Profiting from Technology, Harvard Business Press School, ISBN 1578518377
Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Wiley and Sons, ISBN 0471234842
Kellner, H., Heuberger, F.W., 1994, Hidden Technocrats: The New Class and New Capitalism, Transaction Publishers, ISBN 1560007877
LeClaire, J., 2000, Benefits of Advertising in Any Economy, Sign Industry, http://www.signindustry.com/management/articles/2002-10-31-JL-AdvertInDownEconomy.php3 last accessed on May 5, 2009
Business Information Technology
The decisions of how to define enterprise information architectures throughout a global business have immediate effects on the ability of a business model to succeed in scaling across new geographies while continually improving financial performance in existing ones. Just as each business model for any enterprise varies significantly based on the trajectory of growth through the success of new business units to successful mergers and acquisitions, the same holds true for enterprise information architectures as well (yan, Santucci, 1993). The intent of this analysis is to evaluate how an enterprise or business might differ in their views of enterprise information architectures.
Analysis of Enterprise Information Architectures
The variations in enterprise information architectures will be predicated on how a given business model has evolved in response to customer requirements, supply chain costs and constraints, and will over time reflect the decision-making patterns of senior management. All of these…
Carroll, P., Yasnoff, W., Ward, E., Ripp, L., & Martin, E.(Eds). (2003). Public health informatics and information systems. new York, NY: Springer-Verlag.
Pessi, K., Magoulas, T., & Hugoson, M. (2011). Enterprise architecture principles and their impact on the management of IT investments. Electronic Journal of Information Systems Evaluation, 14(1), 53-62.
Ryan, H., & Santucci, J. (1993). Building an enterprise information architecture. InfoWorld, 15(12), 57-57,60.
It is projected that at least 10% of the individuals receiving the survey will respond.
There are a variety of reasons for using qualitative methods in a study such as this one. Even though there are drawbacks to the qualitative method including (but not limited to) the fact that respondents are not known and could be lying, the responses are very subjective, and the questions themselves are quantitative in nature, it is still deemed that the expense and time necessary to employ other methods would be to exorbiant in nature.
It is also determined that there are a number of others studies currently available that can provide data that shows the effectiveness of direct mail advertising, therefore, the focus would be on the sports magazine aspect rather than direct mail per se. Qualitative methods are therefore deemed the most appropriate for this study.
De Chematony, L.; Cottam, S.; (2009)…
De Chematony, L.; Cottam, S.; (2009) Interacting contributions of different departments to brand success, Journal of Business Research, Vol. 62, Iss. 3, pg. 297
Payne, a.; Storbacka, K.; Frow, P.; Knox, S.; (2009) Co-creating brands: Diagnosing and designing the relationship experience, Journal of Business Research, Vol. 62, Iss. 3, pg. 379
Roderick, J.B.; Whittome, J.R.M.; Brush, G.J.; (2009) Investigating the service brand: A customer value perspective, Journal of Business Research, Vol. 62, Iss.3, pg. 345
Teddington; (2008) the innovative media offerings for a man's world, Campaign, Oct 10, 2008, pg. 17
Business Structure and Ethics in Organizational Behavior
Business ethics can also be known as corporate ethics. It is described as a form of professional or applied ethics that helps in investigating ethical principles as well as moral or ethical problems that comes up within different business environment. Its application takes place within every aspects of business conduct and it is always of relevance to the individuals' conducts and the organization as a whole. The aim of the paper is to examine ramifications and application of business structure and ethics in organizational behavior that will impact businesses in the next ten years.
Sometimes business may try to make short-term gains when it decides to turn a blind eye to ethics. Even though there are laid down regulatory oversight, code of practice, as well as ever-increasing public pressure, most of the firms always decides to ignore ethical considerations. Moreover, they…
Arnold, Denis G. And Keith Bustos., (2005) "Business, Ethics, and Global Climate Change."
Business and Professional Ethics Journal.
Matt Zwolinski (2013) Recent Work in Ethical Theory and its Implications for Business Ethics. Retrieved August 19, 2013. http://www.academia.edu/250075/Recent_Work_in_Ethical_Theory_and_its_Implications_for_Business_Ethics
Paul Merchant (2013) A Definition for Business Ethics. Retrieved August 19, 2013. http://business.lovetoknow.com/wiki/A_Definition_for_Business_Ethics
In that regard, even the protections available in more sophisticated societies cannot prevent major governmental corruption, exploitation, or unethical business practices in the private sector.
Therefore, the prospect of expanding our company presence to Kava does not obligate us to become more directly involved in Kava government or politics, but it does impose an obligation on our part to encourage the most beneficial organizational values and practices at every level. Business management principles must be shared in a manner that best cultivates a fundamental respect for human rights, equal rights, ethical principles of fairness and equity.
Naturally, in addition to attempting to instil socially responsible organizational values in Kava, our ethical responsibility requires us to determine a fair method of apportioning the measurable value that we derive from our Kava operations between the Kava people and our financial interests. It should go without saying that we will restrict our operations,…
Independent dealers must sign a contract that sets forth the manner in which they will operate their rental centers. Often a small business owner will supplement their income be adding U-Hauls to their market mix. Independent contractors earn a commission on their sales.
Each division of AMERCO has it own president. All of them must report to a Board of Directors. The Chairman of the Board and overall President is Edward Shoen, descendent of the original founders of the company. Many members of the Shoen family still control much of the company (Google Finance). Little information is available about the company, aside from their financial statements. Although they have a Board of Directors, the company continues to operate as a family-style operation, with the family members occupying many positions in upper management. The company structure is simple and little is available beyond basic information.
Purchasing Contract Analysis and the UCC…
Ceh v. UHaul International, Inc., 11th district court of appeals, No. 04-10031.
A www.ca11.uscourts.gov/opinions/ops/200410671.pdf. Accessed January 22.
Company News; U-Haul's Parent Seeks Bankruptcy Protection." June 21, 2003. New
York Times. http://query.nytimes.com/gst/fullpage.html?res=9800EFDF173BF932A15755C0A9659C8B63 . Accessed January 23, 2007.
n turn, the Return on Equity, which is calculated my multiplying the Du Pont variables listed above, will most definitely be altered. The potential for return is, naturally, one of the most relevant factors for investors in determining if a stock is a worthy investment, and if so, how much of it to buy. A "downward" change in the ROE will most likely have a detrimental effect on stockholders who bought the Krispy Kreme stocks based on their projected profit margins, asset utilization and debt projections.
Another factor involved in the Krispy Kreme restatement is the news that an SEC investigation will be undertaken. As the main concern of a publicly-held corporation ought to be profitability for the shareholders, any potential criminal or Sarbanes-Oxley violations are deleterious to these investors, and would most likely have created hesitation on the part of investors to buy Krispy Kreme if these actions had…
In light of these detrimental effects, a restatement of company assets, projected profits and debts, and other factors in determining the shareholders' return on equity will almost certainly be harmful not only to the individual stockholders of Krispy Kreme, but to the company as well by reducing investor confidence in the stock. Milton is correct in his reluctance to recommend the stock although he does believe that it will be profitable in the long run due to these factors.
Article: Dennis Milton, The Holes in a Krispy Kreme Rally, Business Week online 1/19/05
The graphic shown in Figure 1 was also provided in the article (Porter, 2008).
Figure 1: Five Forces Model
This model's effectiveness does not however capture the increasingly critical role of tacit and explicit knowledge in businesses. The tacit knowledge, of the type that is learned from the continual streamlining of core processes, is not easily captured and communicated. It is often called tribal knowledge as this type if intelligence often stays within workgroups where it originates and seldom is captured for broader use. Specific knowledge, or the type of intelligence that can easily be captured and communicated, is often not used to its full potential as well. Studies in the auto industry suggest that knowledge, not products or pricing, is the new competitive advantage (Dyer, Nobeoka, 2000). The Five Forces Model does not recognize how important knowledge is as a competitive force in the definition of competitive…
Jeffrey H. Dyer, & Kentaro Nobeoka. (2000). Creating and managing a high-performance knowledge-sharing network: The Toyota case. Strategic Management Journal: Special Issue: Strategic Networks, 21(3), 345-367.
Ormanidhi, O., & Stringa, O.. (2008). Porter's Model of Generic Competitive Strategies. Business Economics, 43(3), 55-64.
Michael E. Porter. (2008, January). THE FIVE COMPETITIVE FORCES THAT SHAPE STRATEGY. Harvard Business Review: Special HBS Centennial Issue, 86(1), 78-93.
Core Competency or Unique Strength of the Business
To survive, further market segmentation within the La-Z-Boy family must be created, to engage in risk management through diversification. This can ensure that regardless of how the economy does, some market segment will want to buy some of the company's products, from one of its brands or companies. The corporation can create value-based, low-cost products to compete with al-Mart, for example, offering slightly more customization than the giant retailer, but with fewer styles and fabrics currently offered. Speed might be less of a focus than value for England, Inc. In the future.
England, Inc. Or other brands can stress customization and even further market segmentation in style -- hip, trendy sofas and other furniture in a limited array of bright and eye-catching fabrics could target young people in dorms and apartments who want to buy customized furniture, even if they cannot afford to move into their own homes. Other brands…
Morse, Dan. (2002, November 19). Fast furniture: Tennessee producer tries new tactic in sofas.
Wall Street Journal.