In the first blue box, an industry that may affect our organization is the oil companies with a relevance of 4 on the scale since gas prices often affect material cost at lumber yards (Folger, 2015). In the second blue box, an industry that may affect our organization is the local banking system with a relevance of 5. As to why they rank a 5 is pretty obvious, they are the overseers of how cash flows and if the funds involved, such as loans or a group’s payroll, become frozen the organization’s mission will fail. In the third blue box, an industry that may affect our organization is the various restaurants in our area. Mostly, this industry earns a ranking of 1, although on some levels it earns a rank of 3, simply because we make it a …show more content…
Normally, our suppliers have the most common items in stock, but special orders can cause progress to slow, so we order in advance regularly to avoid the possibility. Work Now, in the number six red box, an industry that may be affected by us is the local grocery stores relevance of 3. For instance, with the larger ones such as Kroger or Walmart, there is very little influence but one which might be affected is Trolinger’s Meat Market (Nassar, 2007). The reasoning behind this answer is that Trolinger’s is locally owned and to boost the economy in our area we should support them. In the number seven red box, an industry that may be affected by us is the education department relevance of 5. The education industry is an area where we affect things twofold since both my son and myself are in school. In the number eight red box, an industry that will be affected is our County offices earning a ranking of 5. To explain, as property owners, if we do not pay our taxes then the County offices will charge penalties to the point that they have the right to claim the property themselves to earn the money back by auction plus court
2. Economic: “Our business and financial performance may be adversely impacted by current and future economic conditions” (Page 10.)
Ensuring a product is available when the customer wants it adheres to time utility. This is one where Apple has had trouble with. Apple was forced to push back the release date of the iPhone 5, resulting in a lot of negative comments from the consumers who pre-ordered it. The reason behind it was that the demand for the iPhone 5 was bigger than their stock. You need to make sure that you can provide your good when the consumer wants it and counts on it.
Discuss how your company compares to the overall industry in these categories. Based on your study of this company, what do you perceive their position is in this industry? Are they at the top, middle, or bottom of the industry overall based on these metrics?
The industry I chose to research is the superstore industry. An industry, which at one time was dominated by KMart, has gone through enormous change over the past five to ten years. KMart had very little competition when superstores were not really in existence. WalMart became their biggest competitor. New technology along with multiple competitors, have changed the way consumers make purchase.
* Part 2: Industry-Related Issues- We scored a +2 and a high overall potential business idea. Some ideas for improvement are moving to new avenues of addressing her target market.
13. According to the text, which of the following industries is launching a billion-dollar IMC program in an economy in which many other companies
When is the best time to have an item ready for the next step in production? Just in time when is the best time to have a product ready for delivery to a customer? Just in time. So why do manufacturers build inventory of both finished goods and raw materials? Just in case!
All Goods are subject to availability – we may not be able to supply your order. We reserve the right to refuse an order. Non-acceptance of an order may, for example, result from: the product ordered being unavailable from stock, our inability to obtain authorisation of payment, the identification of an error within the product information etc. If there are any problems with your order we shall contact you.
This Assignment will develop your skills in industry analysis. This must be done as individual work, so you must not discuss the case with anyone else before completing the Assignment. Please use the following questions to structure your answer:
Time is very important, so there is continuous pressure to deliver both regular contract orders and special orders on time.
B1. Industry History: Describe the history of the industry in which the company will operate.
4. The emerging technologies within the organisation of Woolworths that I choose impact on all sectors of the food industry in many different ways. Self-serve checkouts can impact on agriculture and fisheries by needing more produce to be grown/farmed. Due to having attracted more people by having check outs so people don’t have to wait in line. They also impact food processing and manufacture because they may need the barcodes on the products they sell to be longer/shorter or a specific way to work with the checkouts. It improves shopping within the food retail sector making it more efficient and easier to purchase goods. Self serve Checkouts can also impact on food service and catering they can run in grab what they need and quickly purchase and get back to food service and catering for customers.
2. Examination of financial statements and matching the findings from analysis with events and movements within the industry; and
B1. Industry History: Describe the history of the industry in which the company will operate.
6. In sectors where production is stagnant, underdeveloped, and not likely to have future potential,