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You have been working for some time at Unique Shoes, a local shoe store that specializes in unusual shoe designs and custom fitting. Currently, customers come to the store to select their shoe designs and have their measurements taken for the custom fitting. The shoes are then manufactured by a supplier in another state and shipped to the store for pickup by the customer. The owner, Bill, is very interested in expanding his successful business. He has just bought Sassy Shoes, a shoe store in a good location across town, and has hired a store manager. He plans to continue selling the brands of shoes that the Sassy Shoes has been selling, but he wants to add his "unique shoes" to that store's offerings. Bill's research shows that, in addition to all of the online sources for shoes, there are many other local stores that sell shoes: outlets for major shoe store chains, mall stores that carry popular brands, small outlets and specialty shops, and department stores. While Bill has been keeping all his records of orders and sales on paper, the records at Sassy Shoes are located on the manager's PC in Excel files. Bill realizes that he must treat the two stores as a single business, with one set of accounts, one billing system, etc. He thinks this is also a good time to stop using paper records for his orders and sales. Bill really hopes to continue to expand his business by buying other shoe stores, but he will need good information about his current businesses to know when he should make his next acquisition. He has asked you to help him develop the business strategy and IT Plan to accomplish his goals. You know that there are methodologies for analyzing the business environment and that there are multiple ways to expand the business. You also recognize that IT is an important component for achieving that goal.
Explain Porter's Five Forces Model and how Bill can use it to analyze his current business and his expansion. Be sure to address each of the 5 forces and explain to Bill what they mean for his business.
List the three categories of pricing objectives and then two specific strategies in each category that a marketer could implement to achieve those objectives.
Compute also interpret decision maker A's risk premium for a payoff of $50 000. Explain why don't decision makers A also B select the same decision alternative.
Mass Production Corporation produces wheels for Hot Wheels cars. They make thousands of wheels every day using hundreds of equipments, each machine operated by two workers.
what might the competitive advantage be for each of the following companies? a. Ebay b. Southwest Airlines c. Starbucks d. Apple f. Facebook
The following diagram describes a process that consists of eight separate operations, with sequential relationship and capacities (units per hour) as shown:
Evaluating strategies on a continuous rather than a periodic basis is desired. Discuss the pros and cons of this statement
The cost of baking a cake is $6 and demand is estimated to be normally distributed with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?
The organization has $200,000 in outstanding senior loans already which pays 6% interest also decides to issue $100,000 in preferred shares also $200,000 in common stock in order to finance its growth.
The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order is estimated to be $12.00.
Determine the factors of good management you would apply to establish this competitive advantage.
Term structure of interest rates. Explain why the event is consistent with the theory you nbelieve it matches.
In 2013, both Yahoo! and Best Buy announced that they were phasing out telecommuting. What are the key productivity issues here? Who will benefit most from this decision: the companies or the employees? Justify your response.
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