“Capturing Value” Please respond to the following:
- Discuss why failure can be important to creating value. Next determine how this rationale relates to the learning cycle. Provide examples to support your response.
- Identify which of the four (4) core stages of entrepreneurship you believe is the most challenging to overcome in regards to; recognizing the opportunity, finding the resources, developing the venture, or capturing the value. Explain your rationale for your selection.
Downhill Boards (DB), a producer of snow boards, is evaluating a new process for applying the finish to its snow boards. Durable Finish Company (DFC) has offered to apply the finish for $170,000 in fixed costs and a unit variable cost of $0.65. Downhill Boards currently incurs a fixed annual cost of $125,000 and has a variable cost of $0.90 per unit. Annual demand for the snow boards is 160,000.
(a) Calculate the annual cost of the current process used at Downhill Boards. (b) Calculate the annual cost if Durable Finish Company applies the finish.
(c) Find the indifference point for these two alternatives.
(d) How much of a change in demand is needed to justify outsourcing the process?
Many companies are “going green” or adopting environmentally-friendly business strategies. Assume you are a consultant to a small food service business. Prepare a brief report summarizing the benefits the business will see if they pursue a “green” strategy.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
Deliverable Length: 3 Pages
ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located in Tennessee. As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorp Corporation. The purpose of this paper is to obtain permission from them to go forward with the next step (developing a full-blown business plan) for ToolsCorp’s strategic initiative to break into the global marketplace.
Your group’s paper should discuss the following (at a minimum): PLEASE USE (SWEDEN) AS THE GLOBAL MARKET PLACE.
PLEASE ANSWER ONLY QUESTIONS #1 AND #7
- A complete strengths, weaknesses, opportunities, and threats (SWOT) analysis (including at least 5 factors from each category and full explanations of why each factor is important and why it was placed in the category) of the environment that exists within ToolsCorp and the environment that ToolsCorp is proposing
- An outline of the business plan to be developed for ToolsCorp’s strategic initiative
- A full mission statement containing the nine components and presented in a well written paragraph
- Key operating principles as you will apply them
- A preliminary market analysis of the market(s) into which ToolsCorp expands
- The one-year, five-year, and ten-year strategic objectives of the strategic initiatives presented as one strategic proposal for each time frame (3 strategic proposals in all), complete with implementation plans, potential ramifications, and feedback mechanisms
- The additional material that your group considers necessary to support the case for going forward with ToolsCorp’s global strategic initiative (This is not optional, you must input additional material.)
ToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located it in Tennessee. It builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers that place sales papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the United States and Canada, ToolsCorp is trying to break into the global marketplace.
PLEASE USE THE (SWEDEN) AS THE GLOBAL MARKET PLACE.
PLEASE ANSWER QUESTION #1 AND #7 ONLY
APA FORMAT, CITED AND REFERENCED IN A SCHOLARLY MANNER.
During your weekly trip to the grocery store, you purchase bread, milk, cold cereal, bananas, and ice cream. The purchase was made using a debit card.
Create a table listing at least seven data items collected in this transaction and how they are entered into the system.
As the new manager of a convenience store, you have noticed issues with the manual method of tracking sales using paper sales tickets and spreadsheets, as well as, shortages on some of the more popular items carried in the store.
Present your case for upgrading to a database driven solution for tracking sales and inventory to the store owners. They are concerned about the cost and want to know what this upgrade would entail.
Include the following:
- How a system could improve efficiency
- How a system could improve accuracy
- How sales of individual items would be entered
- How the database would store the data compared to the current spreadsheet method
- How monitoring of inventory levels based on sales using the database would work
Choose one of the following presentation deliverables:
- An 8- to 10-narrated slide presentation, with appropriate graphics
- A written business proposal (approximately two pages)
- Another deliverable approved by your faculty member
People management decisions play a critical role in the successful implementation of your winning move.
- Are the right people in the right roles?
I would like to say that our success is due to the way we treat our employees like adults and allow them to make cognizant and practical decisions with the best interest of the company in mind. I feel that everyone is in the roles that they are qualified for. We hold everyone accountable for their actions and the success of the company.
- Propose and defend the strategic employee roles needed to achieve your short-term profit goals and your long-term vision.
The short-term profit goals and long-term of Netflix can and will be achieved with the current team in place. If anything needs to be addressed personnel-wise we have a very experienced Chief Talent Officer that make the necessary provisions prior/during/post Netflix Air (N-Air) development and execution. If there is anything that needs to be addressed development-wise I know I have a dependable staff in place. David Hyman – General Counsel (2002), Greg Peters – Chief Product Officer (joined Netflix in 2008), Kelly Bennett – Chief Market Officer (2012), David Wells – Chief Financial Officer (2004), and a few other members make up our Management Team that will be involved in executing our strategy to get our content on planes.
- Which cultural aspects of your organization are conducive to the changes you want to make?
Allowing everyone to think freely is conducive to the changes that is in effect. If everyone has the liberation to make decision’s freely with the interest of the company and we have a happy and accountable staff then we are on the right track to success. We don’t want to place many or permanent restrictions on our staff. During this venture we are looking to keep the integrity nd honesty of the organization and staff.
- Which cultural aspects must be changed and why?
I think we need to get a handle on our expense policy being “Act in Netflix’s best interest”. This policy makes me nervous because even though we are trusting you guys to spend money and take time off, we have to be sparing with the time we are taking and the money we are spending. I propose that we suspend the open policy and place a small budget so that we are not spending money along with ask that no one takes a vacation longer than 7 days without having the request approved.
This project is innovative and out of box for Didlake. So as the CEO I will have to recruit the right people from within and externally. Jim Collins in his book ‘Good to Great’ mentions that for a company to be great it needs to place the right people in the right place on the bus (Collins, 2001). Jack Welch in his book ‘Winning’ talks of people as a team and positioning them in a way they will be successfully grow and that will in turn grow the company.
Social franchising unit will be a separate business unit in Didlake. This would require people with disabilities who are interested in running retail stores and people with retail experience who are passionate about working with people with disabilities. Internally Didlake has capable and experienced people that can run the day to day operations of the UPS franchises with appropriate training. Manager and supervisors will need to be hired for each store externally. These employees will need to be trained to work with people with disabilities depending on their experience and leadership skills. As this change vision is introduced throughout Didlake, it will be very important for the VP of operations to understand and own this project for successful implementation. The VP and store manager will be key team members to ensure that short and long term financial and non financial goals are met.
This change will not be easy as the culture of Didlake does not support innovative ideas or risks. Didalke is very complacent and highly risk averse because it rests on its past successes and fails to see the changing business environment and requirements. Kotter’s 8 steps for organizational change will be the key strategy to bring about the necessary change in Didlake.