Alternative #2: Alan Baird takes his daughter, Jennifer Baird, under his wing and shows her “the ropes” after completing her education at The University of Western Ontario and assigns her to and extended internship program after he accepts the offer to buy back his previous business group. Advantage: Alan Baird fulfills his dream to operate a family business; in addition he assures himself his daughter obtains the necessary exposure to the successes and failure of running the business. Disadvantage: Within time, Alan Baird might not have the physical stamina to run the family business and keep up with his daughter’s…
The Sandwich Blitz organization has grown as far as it can without engaging a major project to investigate the best process for a major expansion. By creating a new coordinating position between the CEO and location managers, the business has more potential to grow. In order to accomplish this, Dalman and Lei should create a Daily Operations Manager position. This job would entitle the hired manager to be in charge of the day to day operations of the stores. Each of the store managers would report to this new position. This person will take on the day to day duties in managing the stores that Dalman and Lei have been performing. This will free up Dalman and Lei so that they can concentrate on building the business.…
Chris Garder in “Happiness for Sale” struggled financially as he was a homeless single father. Chris’ determination did not let any obstacles bring him down, instead he found an objective that kept him motivated, such as “the beauty of the [Ferrari]” (7). He questioned the owner’s success, and from that point on, he wanted to become a stockbroker. Chris’ mind set was on one track, he knew his goals and his optimism kept his spirit alive to where he turned his business from a “two-story building that [looked] like a squat glass box” (4) into an entrepreneur who “favours suits and Maui vacations” (11). These inspirations are what gave Chris the strength that he held onto for guidance and led him to reach his goals in a modest way. Which now he shares his life story hoping others will take the opportunity to do good form themselves and others around.…
The story begins with Jack’s promotion to partner and how it was bittersweet for him. Jack is excited for the promotion, but is also nervous about the extra responsibility partners have and the stress it can bring on family life. He is also upset because his friend Don was considered for the promotion too, but was turned down. In these chapters, Loebbecke shows the good and the bad that comes with partnership. There are financial rewards and prestige, but also potential strain on friendships and family. For the rest of the book, the author unfolds the events that take Jack closer to his partnership with The Firm.…
Define the Issues Chef’s Toolkit has exhausted all of their financial resources trying to develop their product. The owner, Peter Jeffery, is seeking external investment to fund the launch of his product, and the potential investor, Dale Reid, has asked for projected financial statements for the company’s pessimistic, expected, and optimistic projected sales for the first year of operation ending July 30, 1995. Analyzing the Case Data Fragmented information was given in the case, along with a balance sheet and a production schedule for the expected sales of 10,000 units. There was no statement of cash flows, income statement or any information about their cash account or their accounts payable account. Generating Alternatives Dale Reid could choose to either invest $85,000 for 50% of the company, choose to invest more or less for a negotiated percentage of the company, or not invest in Chef’s Toolkit. The pessimistic projected sales is 5,000 units per month, totaling 60,000 units in the year. The expected amount of sales is 10,000 units, summing to 120,000 units per year. The optimistic projected sales is 30,000 units per month resulting in a total of 360,000 units sold in the year. In the optimistic option, a double mold is needed since the total required production exceeds the maximum amount for the single mold. Selecting Decision Criteria • Low additional investment • High revenues with low expenses • Return on Investment • Break Even Analysis Analyzing and evaluating alternatives Break Even…
Michael had worked as a part-time employee at Shirts and More while he was in high school and envisioned owning such a shop. He realized that a sweatshirt shop in Campus Town had the potential to meet all four of his criteria. Michael set up an appointment with Jayne Stoll, the owner of Shirts and More, to obtain information useful in getting his shop started. Because Jayne liked Michael and was intrigued by his entrepreneurial spirit, she answered many of Michael’s questions.…
1. Describe the key decisions that Harary, Rabie and Varadi faced in the start-up of their company. Looking at the decision environment, were these more programmed or non-programmed decisions types? [2.5 marks]…
Nathan Felder must decide whether or not it is in his best interest to listen to his investors and attempt faster growth. Alternatively, he needs to be able to defend to his investors that maintaining status quo is best for the company because it avoids the risks associated with the growth options. The final decision the needs to be made is whether or not he sells the company.…
You have just been hired by Unique Greetings, the largest manufacturer and distributor of customized greeting cards in Ireland. Having just received your FITT Certified International Trade Professional designation, you are thrilled to have landed the position of International Marketing Manager for Unique Greetings. Your dual specialization in international business and information technology make this your dream job and you are grateful for this opportunity to launch Unique Greetings into the world of international business.…
1. Describe the key decisions that Harary, Rabie and Varadi faced in the start-up of their company. Looking at the decision environment, were these more programmed or non-programmed decisions types?…
From the scenario, determine two (2) strategies that TFC could utilize to reach its expansion goals. You may, for example, consider your analysis of TFC’s financial statements, as well as your knowledge of TFC’s excessive cash position. Provide a rationale for your response.…
The problem in this case was the option of expanding the business and the starting of a foundation. Jamie Kennedy felt that it was the time for expansion. However, it was difficult to balance between growth and sustainability as the business expands.…
We enjoyed as a group that the class read this dilemma and between the groups everyone got to discuss their opinion. The story about how Martha Wang who worked as a Consumer Affairs Department of a company called Herb’s Garden Products. Also was relatively new to the company and everyone else has been there for years. One day she gets a call from a dissatisfied customer who complained that Herb’s Special Fertilizer Mix killed her beloved dog. There after Martha takes down the consumer name and number and goes to her boss with the information. Her boss who happens to be Herb’s nephew brushes her off by laughing about the matter. Then to make matter worst she gets a call from Herb himself and which whispered to her that Herb’s special fertilizer is our best seller, and not to let them down. At the end of the story everyone had to answer the decision that Martha had to face and challenges? As well what we would recommendation we had for the company facing this situation?…
When one examines financial success for an individual or business what are the attributes does one inspect? Would you look at the individual’s or businesses’ gross income? Perhaps one can examine the educational level of the individuals to determine their financial success? Or maybe it is the individual’s drive and risk appetite that created their success? Maybe, success can be attributed towards the individual’s ability to design and implement that plan? Ultimately, each one of these questions plays a pivotal role in the success of an individual or business. The purpose of this memorandum is for the couple of Homer and Marge Simpson. Upon initial consultation with Homer and Marge, liquidity was a major concern. Both expressed interest in freeing up money in order to save for retirement. We will analyze Homer and Marge’s personal budget, their balance sheet and cash flow statements. There will be a series of recommendations that will free cash flow and help Homer and Marge obtain their desired goals.…
This case study is about a student Monroe davies who is in his second year at Harvard Business school and Jim Hummer who is the CEO of a company named Whole Health Management. Jim has met Monroe before and knows that Monore is interested in entering the whole health management.…