Preview

roxane qimby case

Satisfactory Essays
Open Document
Open Document
532 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
roxane qimby case
Roxanne Quimby Case

1. Stay in north calorina:
Quimby has done work a lot to make the company successful. As her business is growing, she believes that the growth is beyond her expertise, goals and definitely beyond Maine, and she wanted to expand it more. According to me, If Quimby stays in north Calorina, there are chances that the Burt's bees might grow its business in larger scale because she has expertise in calorina which they can’t get in Maine. She has found marketing experts and plant engineer here which helps her to manage and run her business in more efficient way. Due to lack of her formal business training, she might able in Calorina to train herself by watching the experts she hired here. Below are the some advantages for staying in North Calorina:
Less Taxes as was in Maine
Low transport cost
Central Location
Less labor intensive
Expertise in marketing and plant engineering
High opportunities
So, keeping the above factors in mind, Quimby should need to stay in north Calorina. She should need to use her manufacturing expertise, bird-in-hand, as a basic factor in order to expand her business more. Her strong vision also beneficial act as her strength here. She need to made the innovation in her product as she did earlier in Maine by making new designs and innovative products. So by using bird-in-hand facilities, she can survive in Calorina and can expand her business that results in high profit.
As we know that there is risk attach with the decision. Although they had not bear any loss yet but it is not sure that it won’t happened in future because business is not all about profits, you have to face losses as well. But keeping the following opportunities into mind, she need to start the business here and leverage surprises or contingencies by using the using the Lemonade principle. She is aware about the risk and the entrepreneurial skills are polished in her. So she should need to avail the opportunity while keeping the risk in

You May Also Find These Documents Helpful

  • Good Essays

    An area of weakness that Dalmon and Lei need to review is the lack of time they currently have to devote to expanding their business. Dalmon is busy dealing with issues at the eight locations and Lei is swamped with financial matter. Dalmon and Lei need to consider hiring a district manager to help oversee the current eight locations. They are also vulnerable to other competitors copying their specialized ingredients due to lacking private label branding and need to take action to rectify that opportunity.…

    • 417 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Keller Econ 545 Project

    • 4023 Words
    • 13 Pages

    concerned about risking her life savings on a venture that might not succeed or become profitable enough.…

    • 4023 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Abc Apparel Case

    • 648 Words
    • 3 Pages

    |1 |What are the respective amounts and percentages of Materials, Labor, Overhead and Other in total COGS for ABC? |…

    • 648 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Julia Steel Case

    • 727 Words
    • 3 Pages

    Mrs. Julia Steel is a patient I have had the pleasure of meeting with recently. As discussed during the appointment, Mrs. Steel is a 72 year old retired, married woman. Collectively, Mrs. Steel's family history includes the following information: one son at the age of 40 who is being treated for high blood pressure, father's record showed background of heart disease and deceased at the age of 90 due to a brain aneurysm, mother's record provided extensive history with heart disease and deceased due to congestive heart failure at the age of 92, brother who passed at the age of 81 due to heart disease, sister at the age of 76 who has suffered multiple minor heart attacks. According to the biographical data collected, her family history exhibits a…

    • 727 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Greek Cosmobob

    • 1360 Words
    • 6 Pages

    People from all over the world immigrate to places like Canada, not for a change of scenery but for the opportunity of a better life. Cosmo Panetta did just that in 1958, leaving his homeland of Greece. Since his move to Canada, Panetta has opened two successful businesses, a variety store and a drive-in/take-out restaurant. Panetta now has several business opportunities to take a popular menu item, the Cosmobob, to the mass-market. Panetta has some important decisions to make on the future of his family business. His options are to grow his company by opening a third drive-in/take-out restaurant, manufacture and market the Cosmobob to the food service industry, manufacture and market the Cosmobob to the retail industry, or not grow at all.…

    • 1360 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Corporation and Betty

    • 1382 Words
    • 6 Pages

    Betty thought about operating her company as a franchise. According to Merriam Webster (2012), “a franchise is when a business grants the right or license to an individual or group to market, sale or distribute that company’s goods or services in a particular territory”. A partnership is identified as an agreement between individuals of two or more to carry on a business as co-owners for profit (Kubasek, Brennan, & Brown, 2012, p. 437). Some of the advantages include shared management responsibilities and access to more financial resources. The disadvantages are unlimited liability for general partners and disagreements.…

    • 1382 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Viberzi Case

    • 256 Words
    • 2 Pages

    Viberzi is a new oral agent with an active ingredient eluxadoline mu-opioid receptor agonist. In addition to eluxadoline, Viberzi contains inactive ingredients such as: mannitol, magnesium stearate, microcrystalline cellulose, mannitol, colloidal silica and Opadry II (partially hydrolyzed polyvinyl alcohol, talc, titanium dioxide, polyethylene glycol iron oxide yellow and red).1…

    • 256 Words
    • 2 Pages
    Good Essays
  • Good Essays

    ASSIGNMENT 2

    • 1733 Words
    • 6 Pages

    David and his wife have been a D.A. a garden supply and nursery business .in the starting they was getting profit and after they opened cafe in nursery and they are getting lose from their income but they want to increase their business and sale . They are trying to do. The main problem for the D.A. Garden Supplies is that nursery sales and garden supplies because they have competition from Bunning’s Store about two kilometres away. Sometimes they have sale to attract to the customer sale on the item or discount on the item what we want and that are helpful to us. Sometimes they have helpful staff to the customer. We have to check the internal records financial and sales records. Nursery sales have dropped by 5% in the last 2years. These sales of these products currently contribute 41% to over all prophets. Their garden supplies sales have also dropped by 5% although the last year. Their land scalping project numbers have been flat, however the size and profit on each project has grown slightly. Cafe trade has been steadily increasing for the last three years and as result profits from this have been growing at a rate of 2-3% per annum currently contributing 15% to the overall profit of the business.…

    • 1733 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Bagby Case

    • 1051 Words
    • 5 Pages

    When making a choice between specialized and broad task assignments, Bagby will be faced with trade-offs. The advantages to Bagby choosing specialized task assignments are exploiting comparative advantage and lower cross-training expenses. Under exploiting comparative advantage “specialized task assignment allows the firm to match people with jobs based on skills and training and correspondingly has employees concentrate on their particular specialties” (Brickley, Smith, & Zimmerman, 2009, p. 395). Being that the employees will be highly specialized it would be expected that these employees would require less supervisor and less training to perform their tasks. Additionally, it is assumed that they would also yield a higher output. The benefits to lower cross-training expenses are realized because the employee does not need to be trained on more than one task. This reduces training expenses and reduces the need for all employees to have the same level of experience, education, or technical expertise. If part of the process requires an education, using specialized task assignments you would not have to have all employees have an education; only the employees working that task would need the education requirement. This would save the company money because they would be able to higher lower level employees to do other tasks. Under broad task assignments, it is more expensive to have all employees trained on every task, but it also allows for flexibility should the need arise to move employees to different task assignments.…

    • 1051 Words
    • 5 Pages
    Better Essays
  • Good Essays

    QHT1 task 3

    • 492 Words
    • 2 Pages

    Lastly, risk taking, is the aspect that every entrepreneurial company will have to face in order…

    • 492 Words
    • 2 Pages
    Good Essays
  • Good Essays

    incentives if a company relocates in their state or certain parts of a given state.…

    • 1800 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Artemis Image

    • 618 Words
    • 2 Pages

    First, lack of funding is the most urgent and important problem to solve. Christine and her team should get access to more capital. Christine and George already spent their personal savings and sought help from their families. They should find other ways to get capital. They can ask for the investment from venture capital funds, angel investors and corporate investors. In order to get the funding, they should write a very specific business report about their current situation, future plans and their advantages over the competitors. They should also include the financial plans and marketing plans to show how much return the investors can get and the huge growth potential of the company.…

    • 618 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Finally, I would suggest that she understood her role in the business. Instead of going to the company under the assumption that they wanted her to change it she should have communicated with her superiors and had them explain what it was they wanted her to do. If she understood her position and their expectations she may have been successful in this venture.…

    • 1736 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Career City Essay

    • 3751 Words
    • 16 Pages

    It is a good idea that your company decided to expand to another region because your current location can be the root cause of your lack in generating profit.One cause of this can…

    • 3751 Words
    • 16 Pages
    Better Essays
  • Good Essays

    By making a good business strategy can help her to find a good financial, highly experience workers and strategic location which can help her to open her business…

    • 472 Words
    • 2 Pages
    Good Essays