Preview

Case Study Of P Kolino

Powerful Essays
Open Document
Open Document
930 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study Of P Kolino
P’kolino is a business that launched in 2005, that specifically targeted the market of children’s furniture. The concept to their products was that their furniture would grow and adapt with the child. The furniture would also be innovative in the sense that it would integrate playtime within the furniture through the child’s developmental stages. In this paper, the writer will focus his/her attention to five specific question’s concerning P’kolino’s business plan into expanding into this market. The business plan would be broken down to see if it is viable and what more could be addressed to improve upon it. Innovative Children’s Furniture P’kolino wishes to venture into the niche market of children’s playroom furniture after some well planned, researched and analyzed market opportunity. P’kolino’s business plan was very well written and put together from an outsider’s perspective. Their business plan covered some crucial key points about the market itself and how they can take advantage of it. The following five questions will be answered regarding its case study of their innovative business plan: (1) Does the business plan tell a coherent and compelling story, (2) Does the plan capture all of the learning that Antonio and JB have accumulated, (3) What three questions do you think Antonio and …show more content…
First off, is it possible for them to take on this new journey while managing what they already have? Secondly, will their current business operations be able to withstand if the new venture was to fail? Last but not least, are JB and Antonio willing to add an additional partner to the company to make this new venture work? It seems as if JB and Antonio have a wealth of knowledge however these what if scenarios were never presented within the plan. These three questions are vital ones that should be analyzed prior to pursuing this new venture and investing more capital into

You May Also Find These Documents Helpful

  • Satisfactory Essays

    They are stationed in-between residential housing and social activities that could contribute to their long term growth and success. The company’s ownership isn’t under much noted people and so we aren’t really able to determine how effect they will be able to run the business. I also believe that they are leaning on the need of having a loan to start the company to much and may not be able to repay it in a timely manner. The plan is to make profit within the two year mark but that is also only how long their lease is on the building that they are planning on having their business in. Competition will also be tough for this venture because they will be competing against top name stores that are known throughout Texas. The products and services they will be offering can sell really easy and are a wide enough variety to sell but should be targeted at a much wider audience. The ventures projected sales and profits seem like this company has high hopes and will prosper in the selected area. However, this seems highly unlikely to me with the limited amount of time that they are giving themselves with a profit in two years and not having the lease lasting any longer than two years. Competitors are…

    • 701 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    case study

    • 1463 Words
    • 6 Pages

    A business strategy is the mechanism by which the direction of a business is coordinated, and the steps it will take to achieve its goals. CRP Product’s goal is to “create beautiful and functional designs from recycled plastic.” CRP Products has incorporated environmental values into their culture and products by featuring a new type of “lumber” made from recycled plastic. This practice has differentiated CRP from their competitors also providing the opportunity to conserve their finite resources. A wide commitment was also towards the quality of their outdoor furniture, providing its customers with the best quality products in a variety of colors. By building these quality products, time was compromised but customers were willing to wait a bit longer for quality goods and to build repeat business.…

    • 1463 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Fin 571 Week 6

    • 2305 Words
    • 10 Pages

    In order for Guillermo to increase his profits, maintain his market share, and have an advantage over his competitors, he must look at alternative projects to improve business. The object of this paper is to make a recommendation for Guillermo to follow based on the financial analysis of the data presented and to evaluate three alternatives for Guillermo to consider. Once a course of action for Guillermo to follow is agreed upon, the team will analyze the financial data to support their recommendation, which will address the issue of foreign competition and labor cost. The analysis will focus on how the alternative chosen will help Guillermo increase profits over the next five years and lower all the costs involved in producing or distributing the furniture. The paper includes a Cash Flow Budget, including assumptions, which will be based on the projected sales and expense budget for the year and any capital investments the company projects over the next five years.…

    • 2305 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Filmore Furniture Case

    • 3060 Words
    • 10 Pages

    Our situational analysis of the Filmore Furniture case will demonstrate several key issues that will help us determine an appropriate course of action for Lucinda. Through SWOT we can see that Lucinda's weaknesses outweigh her strengths, due to her lack of knowledge and experience. We also see that the threats to Filmore's Furniture outweigh the opportunities for the company. Through our analysis of Porter's 5 Powers we have established that the high buyer power and high power of competition in the industry outweigh the low supplier power, low power of substitutes and low threat of new entrants. Therefore the furniture manufacturing industry is a moderately unattractive industry for Luncinda to be in, especially considering her current situation.…

    • 3060 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Palliser Funiture

    • 291 Words
    • 2 Pages

    Nowadays, Palliser Furniture Ltd. is a leading North American furniture company with local manufacturing facilities in Canada and Mexico, and they are dedicated to leader ship in design, service and customer value in the furniture industry. With a general agreement among manufacturers and retailers that the key success factors were: overall product quality and customer service, quick delivery and appropriate price, and innovative design. Palliser furniture did a good job on all of the aspects. Palliser outsources the raw leather from Brazil because Brazil has the best source of leather in the world. Also the raw leather was delivered from Brazil to Mexico to process such as cutting and swing which lower the cost of the furniture. The quality of the resources and powerful supplier is add-value for the value chain of the firm, and it can have a big impact on more efficiently integrating the activities within the firm. The quick delivery was another strategy for Palliser, which can be considered as a competitive advantage for the company. Compare with the rivals the Palliser is more focused on custom business, and was able to charge a slight premium for the service which directly eliminate customer’s inventory cost. This operation strategy is more flexible in terms of time and diversity. The design team of Palliser is passionate about the subtleties of style, and the collections reflect a carefully considered selection of pieces that represent quality feature extensive choice and impart innovation. Also, the developers carefully source and test materials to meet Palliser Furniture’s high standard for durability, safety and value. Overall, each department is integration through the whole company, which shows the management in Palliser Furniture Ltd is successful and effective as well.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Smith Design Case Analysis

    • 1949 Words
    • 8 Pages

    Owned by Cindy and her husband Greg Smith, Smith Designs is a seemingly successful home-based business, mainly selling crafted headbands to a single account, a department store buyer who supplied fifty-six stores. After five years of major changes and growth, the company has made a combined total of $165,405 in sales, $57,990 for their fifth year alone, and has a projected sales amount of $75,000 for their sixth year. Along with the projected growth in sales are major opportunities for growth and expansion. These opportunities leave the couple to review all aspect of their life, family, and business, including past business decisions, decisions that can help their company move forward in the short and long terms, and if there is actually a future for the company in the long-run.…

    • 1949 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Fin 571 Week 1 Assignment

    • 722 Words
    • 3 Pages

    This assignment sets out to explain the pertinent financial concepts and principles found in chapters two and three of the text Corporate Financial Management by (Emery, Finnerty, & Stowe, 2007) and how they relate to the context of the Guillermo’s Furniture Store scenario. Guillermo’s was a leading furniture manufacturer who enjoyed inexpensive labor and convenient supplies of raw material next to his location in Sonora, Mexico, until in the late 1990s when his downturn started. An overseas competitor from Norway entered the area with a high-tech approach to the furniture manufacturing business. They offered to make product to exact specifications and at an all-time low price. Besides, challenge came from the burst of development in the area and an influx of people. This hindered the safe economic environment Guillermo’s enjoyed.…

    • 722 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    FIN 375 Week 2 DQs

    • 398 Words
    • 2 Pages

    3. Suppose you create small business plans to build the strongest rocking chairs on the market without performing a market analysis. What kinds of concerns ...…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Beyond the Bean

    • 7720 Words
    • 31 Pages

    The company’s main objective is to introduce ‘; Beyond the bean’’ to the Canadian market in London Ontario on the Richmond road and open up a café for mainly students, to get together and serve as a recreational center. This will be possible through the café and/or by having a variety of board games for the public. The initial approach will be to gain a market share for leveling out the playing field and being a root competitor for similar types of businesses. In the external and internal analysis you will be able to find all the necessary information that will provide you with a generous overview of the company’s operations and progress. For your convenience the analysis has also been summarized in the SWOT analysis.…

    • 7720 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    Marketing and Love Wood

    • 1277 Words
    • 6 Pages

    2 Read the case study and then answer the questions that follow. Love Wood At school, Padma developed and patented a technique for joining different woods together to create a patterned effect. This patented process improved efficiency allowing Padma to produce more cheaply than competitors. A large company offered to buy the patent, but Padma decided to keep it and run a small, sole trader business, making and selling individually designed wooden toys. During this time, she built up an expertise in selling through the internet. Padma’s friend, Emily, was a brilliant toy designer and so Padma asked Emily to create a new business with her. Padma changed her sole trader business to a private limited company called Love Wood Ltd with Emily receiving 40% of the shares.…

    • 1277 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Palliser Furniture

    • 2045 Words
    • 9 Pages

    Palliser Furniture Upholstery Ltd (Palliser), located in Winnipeg is the largest furniture manufacturer in Canada with facilities in Canada and Mexico. These centrally and strategically located plants allow Palliser to provide prompt, cost efficient service and delivery to its customers. In order to remain a successful company, Palliser needs to assess their current strategies and evoke on new ideas to compete in a economy that maximizes on cost. Several alternatives are available to Palliser, including: Opening more factories in Mexico and sell the products in North America, Opening factories in an Asian country and sell the products to the Asian market or Initiate a joint venture with an Asian company and sell the products to North America. It is recommended that Palliser opens factories in an Asian country and sell the products to the Asian market. This will allow Palliser to enter into a new market, thus avoiding over saturations in current areas, and allowing the company to grow. The Asian market has reduced labour costs, which will allow for an overall cost reduction to Palliser’s consolidated financial statements.…

    • 2045 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    1. What are the major business propositions for Woodmere and HomeHelp to consider in evaluating this proposal? Is time-based logistics the right strategy for each company?…

    • 1064 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    It is a family-run business which has been producing high-quality and expensive nostalgic wooden toys for over 50 years. The products, targeting at both children and parents, are distributed via up-market retailers and department stores. It strives to continually improve the quality of its existing products and does not focus greatly on developing new product. The business strategy of it is to sustain its competitive advantage by differentiating itself in terms of high product quality, superior customer services and unique product feature which is ‘nostalgic’ focus. Its challenges include how to maintain the high quality of products and services: how to source and retain the skilled labor, e.g. craftsmen, how to expand production capacity to…

    • 1719 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    The Guillermo Furniture Store Scenario has many alternatives that impact business planning and decisions. To effectively choose the best alternative, Guillermo must carefully examine the quantitative and qualitative information. The chart displays three alternatives that will allow Guillermo to make the best business decision for the furniture store.…

    • 358 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    An extended business plan for one of the leading UK leading Furniture Company to established a factory in Johor, Malaysia.…

    • 4360 Words
    • 18 Pages
    Powerful Essays

Related Topics