1) Dave Nelson recently retired at age of 48. 2) His courtesy: Ø Very healthy Stock Market Ø Numerous stock options Ø Has granted while president in e-shops.com 3) He moved to Montana to follow his dream. Ø Living in mountains and big sky. 4) After relocating Ø He is always an entrepreneur, began sporting good store. 5) His single store grew into chain (with outlets) 6) He can't believe how fast he expanded (uncontrolled growth) 7) Chain did have share of problems Ø Store traffic (somewhat seasonal) Ø Slow down occurring as winter approach 8) Nelson added ski equipment and accessories to his product line 9) The need to finance required inventories Ø Seemed to be bulging, left cash balance at very low level Ø Occasionally giving rise to short-term bank loans. 10) Nelson's operation focus on canoe building and white water rafting trips. 11) Company's financial accounting system report. Ø Indicate that his operations where losing money because of increasing costs Ø Traditional income statement is not too useful in assessing the problem 12) Nelson noted: Ø " My gut feeling is that we are not dealing with the best suppliers in terms of quality of goods, delivery reliability, and prices. 13) Another complications Ø Caused by an increasingly competitive market place with many former customers now buying merchandise and booking river excursions via the internet, through catalogs received in mail or business that advertised heavily in outdoor magazines. Ø Nelson's background is marketing, but he appeared somewhat puzzled on how to proceed. Ø CFO is an obvious asset in terms of addressing the problems. Ø She knew her numbers but lacked key knowledge of general business operations. Ø Lacking big picture outlooks for the firm. Ø Store traffic somewhat seasonal Ø Slow down occurring as winter approach Ø Operations are loosing money because of increase in cost Ø Increasingly competitive market place with many former customers now buying merchandise and booking river excursions via the Internet, through catalogs received in mail or business that advertised heavily in outdoor magazines. III- Central problem Ø Increasingly competitive market place due to high technology in in business or the use of internet in business transactions or operations. Ø Loosing money in Nelson's business operations = IV- Areas of consideration = Ø Heavy competition from every competitor Ø Nelson cannot easily adjust to sudden change in his business operations,( the use of high technology) Ø Cost and expenses for new equipment and machineries Ø No assurance if the turn over of new business will be successful. Ø Nelson needs to expand his expertise and knowledge in business operations Ø Join the CFO and other executives in resolving the problem Ø Adopt high technology in business operations. Ø Develop new strategies. Ø Increase his level of competitiveness. = VI- Recommendation = Ø Adopt high technology in business and expand his knowledge and expertise in business operations. = VII- Next step = you follow!
There are a number of factors to consider when choosing a business location. Some of them include nearness to the market, security, population of the place, demand of your core business and so much more.
There are several data projectors that a business could use. There are several factors that a company needs to consider when choosing which is best for their company. These factors include what kind of images the business plans on showing, portability, and what resolution is needed.
if you have money or if your a good leader
THERE ARE NUMBER OF FACTORS TO BE CONSIDERED BEFORE CHOOSING A SITE FOR BUSINESS AS FOLLOWS [A] Availability of custom.[B]Availability of raw material; [c]Infrastructure;[D]Availability of labour both skilled and unskilled.These are some of factors depending on nature of your bussiness.
You should consider the profitability and outlook of the small business, especially the industry in which it competes and the competition in your industry.
There are a number of factors to consider when choosing a business location. Some of them include nearness to the market, security, population of the place, demand of your core business and so much more.
Establishing a business of your own is not easy, but if guided by business principles and procedures, you can do it. in running and choosing a business, you need to consider the following: # Availability of Resources. # Market Demands. # Current Business Trends. # Good Location. # Capital or Fund.
Choosing your business location requires quite a bit of research, especially into the area in which you want to open your store You must consider whether people will see your business and the other business around your business that sells the same as you do
When choosing a business broadband provider, people should consider the following factors: prices, bundling / package options, reputation and reliabity.
Five factors that can influence the choice of for of business ownership?
One of they key factors you'll need to consider when you choosing a calling service is the amount of time you need and the cost. You have to make sure the conference calling service you choose has features that will suit your business needs.
I like to do my portfolio of Business Law, and first all I have to set up the business of ownership structure, the business is an accounting practice.
all answers are correct !
There are several data projectors that a business could use. There are several factors that a company needs to consider when choosing which is best for their company. These factors include what kind of images the business plans on showing, portability, and what resolution is needed.
When choosing a laptop rental business, it's important to consider factors such as the rental price, the quality and variety of laptops offered, the delivery/pickup options available, the rental period, and the rental terms and conditions. It's also a good idea to read reviews and ask for recommendations from friends or colleagues who have used laptop rental services in the past.
The basic things or factors you should consider in choosing a house are, what type of house you can afford on your budget and is it safety or not. And also you should consider whether the area is convinent or not. If you are buying through the real estate agency then they will consider all this factors and your needs according your preference.
Factors to consider when choosing a data processing mode