Myra is now ready to put all her resources to work for her in implementing her strategy for building her business and expanding UMUC Haircut shop. In this paper, we will discuss how Myra brings nearly all her resources to strategies her shop to be a competitive source. Being able to compete with the growing community where bigger and better hair salons are expanding in her neighborhood. As the future of technology is changing the way, we do businesses all around the world. And most companies are relying on the use of management information systems (MIS) (integrated into their business. With the possibility of order and shipping products, interacting with customers, or maintaining other business functions. In the In the generic strategy for …show more content…
The focus on getting their product to a wider range audience of both genders. When the shop first opens it was mostly for male haircuts, as the years passed by women started getting their hair styled. Based on the strategic theories the clientele will be mostly women to get the product out there, Myra will also focus on catering to the family as a whole. She will have to make up a plan that will send a message that will encourage and appeal to both sexes. After she has determined the answers to these matters, she must examine her ability to develop immediate relationships with individual clients in the College campus area. Myra will need to do some sprucing up in the shop, she would like to add two stations for …show more content…
We need to implement a new scheduling system, change the way supplies order to generate a new inventory management system. Provide a precision sort of collection, customer information, and a better marketing system. She is looking at the space next door for the expansion would be great in giving her more room to branch out. This project should not cost Myra more than $280,000 thousand. Taking into consideration she would like to buy the small gift shop next door, which will cost her $98,000 thousand and another $40,000 thousand to fix up. With the internet it is easy to increase the accessibility, storage, and distribution of information and product getting notice and moving the product will cost her another $20,000 thousand. $12,000 for an outstanding employee schedule system that will be easy to use. The schedule will only allow for the maximum amount of employee’s to schedule at one time. Once it has reached its max that next employee will have to on to the next available day and time. This will put an end to not have enough employee’ when it is busy. The system for inventory management will cost around $75,000 thousand, it will provide Myra with a great opportunity to manage her business anywhere in the world or while she is in the office. In the end Myra will have money left over for a buffer for the just in case. If everything goes well this will have
How might it overcome these problems? The ABC system divides the overheads resources by seven different types instead of two: direct labor support, machine operation, set up hours, production order activity and administrative overhead... ... middle of paper ... ... rs OH = 27.56 x .310 = 8.54 Materials Dollars OH = .097 x 6.44 = 0.62 Total Cost (per 100 parts) $22.85 ABC METHOD Total Cost
...ory holding costs, ordering costs, and shortage costs, and have a classification system for inventory items.
Sally’s Beauty Supply is a company that have been in business for a while that has gone internationally, by not having a strategy and shortage of economic funding could lead to an unsuccessful industry. The three financial strategic goals I have established to the growth and accomplishment of Sally’s Beauty Supply includes: Growth in revenues, profitability and cash flow.
In the industry of cosmetology there has been women that have played an important role. Like Sarah Breedlove, who later became known as Madam C.J. Walker was America’s first African American female millionaire. She was born poor and orphaned, but later built her own business of manufacture hair products. A scalp infection lead her to the creation of her products. Like many women she struggled to find the solution to her problem, after she tried thousands of products, soon she started loosing her hair. While sleeping she had a dream of a man advising her of ingredients she needed to mix. She got up the next morning and did as her dream demanded. To her surprise this product had worked, she then begun selling her unique formula (“Beauty”). Who would have thought a women could have became so successful. They say dreams can lead you to great accomplishments and this was the case of Sarah Breedlove. Another example of a successful women is Jane Iredale, founder and president of Iredale Mineral Cosmetics. Jane Iredale introduced the full line of cosmetics, she wanted to create cosmetics that were beneficial to the skin. In order to make her products the best, she collaborated with make up artist, dermatologist, and plastic surgeons in the production (“Beauty”). These two women are great icons of the Beaut...
The first step will be to address the need and scalability that Kathy Kudler is looking for in the company. There is a growing need it increase and standardize their network structure in the way of wired and wireless network. The network infrastructure has become a global on demand in all business. Technological advances require a responsive network infrastructure that is designed to control costs and reduce risks to a business, while enabling new business opportunities. The first Kudler's operations will have to be centrally linked tighter one server that can be accessed at all location. This will elevate the database which is presently used and has to be updated continuously at each store. The new system will accomplish the need to the entire operations. The heads of each location will be called upon for a meeting, the CEO, Kathy Kudler will have be aware of the global changes that will take place and effect the organization. Establishing a central database management system will keep track information from each facility and there location. Being able to access this information from any location can support the supply chain management system that Kudler is also looking for. The information in a database that can be linked to all three stores, this way the information of gathering these resources can be deploy and optimize the network infrastructure with proper management. With a system that can be integrated between these facilities can be all run virtually regardless of the complex organization's size, achieving business viability and maintain a competitive edge will be a paramount concern at Kindler's.
It is evident that the information system used by Kahuna Cleaning Supply is rather slow and inefficient. The director of sales reports that the business lost a big order recently to the competitor who was able to provide the potential client with timely estimates online. In addition, the system is marred with a lot of errors while making orders and requisitions. The customers are not connected with an online interface and this makes it difficult for the company to compete favorably on the information front. The manual system is therefore obsolete, slow and unprofitable to the company. Therefore, in order to leverage their effectiveness and competitive edge, management seeks do develop a system that incorporates all the functions in a customer friendly interface. In this regard, a study will be undertaken on the current operat...
In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
Dollar Shave Club (DSC) is a subscription-based direct-to-consumer business that has been a distributor of razors and cosmetic shaving products since its launch in mid-2011. The company operates minimalistically by offering three primary subscriptions of razor blades, with the option to purchase add-ons, every month. The three different levels of membership operate on tiers of quality - a simple two blade $4 option The Humble Twin, a popular four blade $6 option The 4X, and the premium six blade $9 option The Executive. Each subscription includes a compatible handle and arrives in a small cardboard box at the member’s location on a monthly or bi-monthly basis ("Dollar Shave Club.").
She sold her products at at-house parties, like at Stanley, as well as other events. She treated all of her saleswomen as her “daughters”. She then expanded to countries like Australia, South America, Asia, and Europe. Her saleswomen were also known as “Beauty Consultants”. She would reward her Beauty Consultants with gifts such as diamond jewelry, five star vacations, and pink cadillacs for the top sellers.
The strategic recommendations provided will improve and enable the business to cope with the competitors, while the implementation of the strategy section will outline the way to go about achieving these alternatives in the business setting. Lastly, we put up a discussion on the evaluation procedures and necessary controls for the business. In the case study, it was discovered that there were sources of opportunities in which the company would invest.
The business will be financed with 5,000 dollars of owner's money and investor's money that will cover the demand quantity and agreed with the investors. Starting costs will be $22,500. Sales are estimated at 120,000 per year by the first year. A positive cash flow will be produced at the end of the first year. Our business will also give our clients a profit margin opportunity of 100% per unit and up, because of the low price and the luxury of these products, which will be a big motivation for our clients.
Keri E. Pearlson and Carol S. Saunders (2010). Strategic Management of Information Systems, 4th Edition. John Wiley & Sons, New York
The goal of this paper is to provide key insights and concepts from three strategy books and then begin the strategy planning process for five different products.
University of Phoenix. (2006). Course Syllabus. Retrieved September 26, 2006, from University of Phoenix, CIS/564.4 - Information Management in Business Web site, https://classroom.phoenix.edu/afm203/secure/view-thread.jspa?threadID=1176244
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...