Thomas Money Service Business Analysis
Thomas Money Service Incorporated Business Analysis
Leslie (Scott) McCrory
ECO/561 Economics
March 14, 2011
Facilitator David Francom
Thomas Money Service Incorporated Business Analysis
Executive Summary
Thomas Money Service Incorporated is a consumer finance company, and conducted business successfully for 71 years. The organizations primary financing services pertained to commercial real estate and business loans. In 1946, the company decided to incorporate a subsidiary business to manufacture forestry and construction equipment. The new company, Future Growth Incorporated, became the Thomas Money Service’s sole brand of merchandise. In 1951, the newfound company purchased a suitable manufacturing facility to produce its products. The timing in which the company diversified its financial services by integrating its own brand of products proved lucrative. Differentiating economic conditions over time, the implementation of technology to create a global marketplace, and naturalist have affected the organizations “bottom-line.” The organization’s business plan has served them well, but has become antiquated in today’s economic times. Economic indicators display needed change in organizational spending to improve the company’s market share position while increasing consumer interest. The organization’s management must consider new methods to increase revenue, reallocate expenses, and improve production for profit maximization. Although the company has proven steady growth throughout its business life, a recent 30% decline in profits reduced the company’s workforce by one-third. Many non-price barriers such as economic downturn in the construction industry, environmental awareness, and environmental conditions prove formidable adversaries to industry growth. Thomas Money Service’s fiduciary responsibility to redefine business operations is essential for survival.
Increasing Revenue Thomas Money Service successfully implemented a new brand of
Leslie (Scott) McCrory
ECO/561 Economics
March 14, 2011
Facilitator David Francom
Thomas Money Service Incorporated Business Analysis
Executive Summary
Thomas Money Service Incorporated is a consumer finance company, and conducted business successfully for 71 years. The organizations primary financing services pertained to commercial real estate and business loans. In 1946, the company decided to incorporate a subsidiary business to manufacture forestry and construction equipment. The new company, Future Growth Incorporated, became the Thomas Money Service’s sole brand of merchandise. In 1951, the newfound company purchased a suitable manufacturing facility to produce its products. The timing in which the company diversified its financial services by integrating its own brand of products proved lucrative. Differentiating economic conditions over time, the implementation of technology to create a global marketplace, and naturalist have affected the organizations “bottom-line.” The organization’s business plan has served them well, but has become antiquated in today’s economic times. Economic indicators display needed change in organizational spending to improve the company’s market share position while increasing consumer interest. The organization’s management must consider new methods to increase revenue, reallocate expenses, and improve production for profit maximization. Although the company has proven steady growth throughout its business life, a recent 30% decline in profits reduced the company’s workforce by one-third. Many non-price barriers such as economic downturn in the construction industry, environmental awareness, and environmental conditions prove formidable adversaries to industry growth. Thomas Money Service’s fiduciary responsibility to redefine business operations is essential for survival.
Increasing Revenue Thomas Money Service successfully implemented a new brand of