Reference no: EM131447981
Assignment
In the mid-eighties, the Toro company launched a promotion in which snow blower purchasers could refund a portion of their purchase if the next winter brought modest snowfalls. The amount of their refund was tied to snowfall amounts and so, the program was prey to certain risks and uncertainties. You will explore those risks and choices from a variety of perspectives.
Review the Toro Company's S'No Risk Program" from this module's assigned readings. Click here to download the Toro Excel worksheet which contains data exhibits from the article; the exhibit titles match the tabs long the bottom of the worksheet. Use this tool to conduct your data analysis for this assignment.
Analyze the risks of the program from the following points of view:
1. Toro
2. The insurance company
3. The consumers
Write a 6-8-page analysis paper that addresses the following:
1. Why did the insurance company raise the rates so much? How would you estimate a fair insurance rate?
2. From the perspective of the consumer, how were the paybacks structured and how might they be restructured to entice you at an equal or lower cost of insurance? How does the program influence your decision to purchase?
3. What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups. How does the program impact the consumer's "regret"? (Hint: Map the possible outcomes for the consumer.)
4. From either Toro's or the insurance company's perspective, how would you frame your argument to achieve your desired objective?
5. Was the program successful? Why or why not?
6. If you were Dick Pollick, would you repeat the program? Assume you manage the S'No Risk program and argue your case. To what biases are you susceptible in this case?
Submit your analysis paper in Word format. Apply APA standards to citation of sources.
Attachment:- nec_xl.xls
|
Analyze two companies of the same industry
: Drawing on your reading for this module and your professional experience, research and analyze two companies of the same industry, each in a different and unique developing country or region.
|
|
Determine two metrics to evaluate supply chain performance
: Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six to eight (6-8) page paper in which you.
|
|
How the cited work relates to your given explanation
: How the cited work relates to your above explanation AND how it relates specifically to international trade, investment theory, global financial markets, and the monetary system.
|
|
Trauma center for the area
: The only currently existing hospital competing against you has the trauma center for the area and is opening an OB service. There is no children's hospital or orthopedic services in the area. Both existing hospital treat some pediatric and orthope..
|
|
Develop a matrix or decision tree in order to compare groups
: What are the common decision traps which each group in point (2) is susceptible to? Develop a matrix or decision tree in order to compare the groups. How does the program impact the consumer's "regret"?
|
|
Define the meaning of and purpose for interdisciplinary
: Based on your Reading & Study this week, define the meaning of and purpose for interdisciplinary studies. Then, distinguish interdisciplinary studies from multidisciplinary, transdisciplinary, and integrative studies. What would you say is the mos..
|
|
Issues in strategic planning
: Describe why social responsibility and policy are key issues in strategic planning and how you will integrate them in your proposed business?
|
|
Explain where you fit in this retention picture
: Due a web search and collect the current data on the different generations and their expectations in regards to job satisfactions and retention - Save the data you collected to create a paper based on the data discussed and the expectations within..
|
|
How a company take advantage of consumers mental accounting
: What is mental accounting and how does it impact consumer decision making? How might a company take advantage of consumers' mental accounting? Give examples.
|