Assessment Task 1
Review and familiarize yourself with Australian Hardware general business information:
Australian Hardware's business has had a pretty good record of growth for years, reflected by its successful stores. For the last three months the business has been performing really bad. That’s why the owner of the company assess the business performance in order to identify the areas that need improvement.
Review and evaluate business performance data and information:
The business performance has been really bad for the past 6 months across all sales categories and stores as well as the hardware product sales are down. In total they are down up to 19%. This happens by the vast expansion that the team had over the past years. The total expenses going up, too. The overall profit is declining.
Review and analyze …show more content…
That’s why their customers are spending more money in their products. But it is not increasing the volume of sales. Customers feedbacks are very positive and up to date, even though the number of member of the loyalty club declined. The customer survey shows that customers enjoy their shopping at Australian Hardware.
Review and analyze management and staff meeting summaries:
During the past five years the total number of delivery bookings was outstanding. The reason was the fact that customers tend to look for cheaper price from competitors during the past year. The team has adjusted the operational budget to match with the operations --> push sales.
Test the validity and reliability of data and information you have used to identify and analyze the potential business problem/s or issue/s in the step before. Check sources of information provided and their credibility and reliability:
Based on the research on Australian Hardware's business information which I gathered form the team. The information is valid enough to be used as the base of this research.
Choose one of the business problem/s or
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To improve the business you should consider changing to a democratic leadership. This way staff members have a say in the changes made and can give their input on the decision. This will also help them gain their trust for the company back. Gaining trust is the best way to help the business at this point and all problems link with it. (toolbox, Leadership Styles: Democratic Leadership
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
After going through the appendix 1 briefly it shows that Australian Hardware’s business has been successful from years and having growth in business every year. According to the appendix business is underperforming from last 3 months which makes the owner of the company to assess the problems. Cause of this underperformance company owners wants to identify the areas need to be improved so that the
In medical equipment industry, firms mainly compete on differentiation. Product quality and safety, product variety, customer service, and R&D are the main factors to achieve differentiation. Hill-Rom provides wide variety of high quality and safe products and services to its customers. Unlike its competitors, Hill-Rom mainly competes in the health information technology solutions, and medical equipment management services. (Duncan, Hebert, Rose, & Zoch, n.d.) In addition, it is needless to say that Hill-Rom has huge R&D investments, as well.
Albertson’s also has also taken steps to boost it average sales. Albertson’s goal is to fill every shopping cart to as full capacity as possible, as well as getting to know their customers a lot better. They have installed have installed a $50 million NCR Teradata where house in order to analyze customer data, and what type of products certain customers primarily purchase. They then plan to use their customer loyalty cards, so that they can match individual buying preferences against store inventories. Also through technology this data is available for analysis minutes after customers leave the store. This is a very valuable resource, because now Albertson’s may be able to reach its goal of having the right products, on the right shelves, at the right time.
Introduction Bytes Products Inc. is one of the largest suppliers of the production of electronics components in the Midwest. The annual sales of these products are at its records high and now it’s becoming hard for the company to keep up with the increased demand. James M Eliot is the CEO and chairman of the board, is trying to address the problem faced by the company to meet the demand of its product. Currently Bytes products dominate the market with a good 32% market share. Mr. Eliot is trying to solve the problem to constantly dominate the market by increase the number of plants they currently have, so they can meet the demand.
Beginning with our unfavorable sales volume variance, the company sold less quantities of salsa than forecasted. This could be due to a lack of or poor advertising, which did not garner the attention of more customers. Another aspect that we must acknowledge was that the salsa was priced higher than budgeted. That reason could have made customers not purchase more of the salsa or purchase a competitor’s salsa that was
The whole population of the city is predicted to get increased at the pace of 3.2% annually in the coming 16 years. It is assumed that more than 122,000 people resided in the municipality in the tear 2014. 6. Analysis of the viability of options 2 and 3 While making comparison between the course of action number 2 and 3, I would suggest the team to take action number 3 to reduce the prices of the products.
Case Study Henderson Printing Submitted to: Nathanael Massey Submitted by: Amandeep Singh Student id: 125132 Executive Summary The upcoming paragraphs includes the problems faced by a business firm ‘Henderson Printing’ a manufacturer of accounting books for business use. The owner of the firm ‘George Henderson’ is a good natured person who believes in high quality products and takes all the decisions. The firm is facing several problems such as high costs, no proper methods to follow, employee turnover, financial problems
Alex Rogo is the manufacturing manager of a fictional plant called UniCo and it’s a subsidiary of UniWare. He is told by Bill Peach, the Vice President of his division, that because his plant is suffering from heavy losses due to frequent late shipments, it will be closed in three months if Alex fails to improve his operations management and business performance. Meanwhile his wife Julie complains that he has been spending too long on working and leaves him. Facing such adversity in both professional and private lives, Alex recalls that Jonah, his former college physics professor, has become an operations management consultant, and he decides to turn to Jonah for his advise. With the guidance offered by Jonah, Alex and his team have been able to figure out the bottlenecks of the plant and to develop methods to promote the bottlenecks’ capacity.
Business has been doing good with an emphasis of selling new cars as the principal business of the dealership
I like to begin with how simple mistakes in operations could lead to financial impacts within the businesses. From my perspective, there are several problems within the organization that are in need of restructuring. For example, departments not working as whole, which leads to discrepancies and repetitive work, resulting in loss of revenue. The following
There are many responses that a company can have to troubling economic times. They can first weather the storm and survive. They can back up and get driven out of business, or they can grow. The economy has been in recession for many months. It is the job of our company to identify things that can help businesses to make it through these times and hopefully prosper.