Functional strategies- The Support Processes
Weaknesses-Quik Chik is currently lacking in this support processes as no information found which suggested that it use proper ERP software for enterprise management.
Strengths and Recommendations-Organizations need to have information access to make timely decisions. It is essential for Quik Chik to properly manage the information as it plans to expand and grow. For this, it should efficient manage the accounting systems and information systems to monitor and control organizational processes for successful existence and growth. Nowadays, different enterprise management systems are easily available and organizations are using them to save time and do smart working. These ERP (enterprise resource
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According to the industrial perspective of the competition, the industry here is pure competition as it has many number of sellers (both in US and Canada) with very little or no differentiation at all. If we take into account the market perspective, then there are many competitors who are serving the same customer needs as Quik Chik. In the case of strategic group, on dimension of quality and price, we can group together Quik Chik with KFC and Popeye’s.
Strengths-Firstly, the existing unique resources and distinctive capabilities of Quik Chik have enabled it to have strong relationship with banks to get loans for the franchisee and farm suppliers, use of trans-fat free canola oil and fast growing number of franchises.
Weaknesses-According to our analysis, it lacks a sustainable competitive advantage. According to Miles and Snow’s adaptive strategies, Quik Chik falls into ‘analyzer’. As it analyzes its competitors and adopt strategies according to their strategic actions and performs in detail analysis of new business ideas like expansion etc. before making final decision. Moreover, it does not follow complete cost leadership or differentiation strategy from the Porter’s Generic competitive strategies rather it follows the integrated low-cost differentiation strategy with low level of differentiation (referring to trans-fat free canola oil and 100% halal hand slaughtered
Our company needs to be installing a latest and advanced ERP system which makes us fully utilizing the business resources in the most efficient manner. Currently, the existing information system does not provide the full, accurate and reliable information from one department to another, neither it’s a cross-platform for information sharing(Columbus, 2014). A less-efficient information system is contributing into increasing cost of production for the business and overall reducing the business efficiency. The inventory turnover is increasing over the time period and so the productivity of staff unable to work at their optimum level. The current information system does not cover the whole business process and rather employees are engaged in manual data recording and preparing the documents to back the data.
DQ1. Recall how you determined if you created value and sustained competitive advantage for Kudler Fine Foods. While implementing this strategy, what factors would you monitor and evaluate to determine if you were successful? Why would monitoring and evaluating these factors be important?
This monopolistic competition market structure has a positive effect on Kudler because it allows Kudler and their speciality foods to carve out a niche that the competition will find it hard to enter. Kudler’s market strategy (locations and unique products) should be very effective in keeping out potential competitors and establish a large barrier to competitor entry. Since Kudler’s stores are located in areas with limited populations the ability of competitors to gain entry into their market is limited. Since competitors cannot enter their markets, Kudler should experience long-term profitability providing they keep their customers happy.
This relates to the Kudler Fine Food’s marketing strategy because Kudler uses its selection, collection, interpretation and distribution of publicly-held information about not only themselves, but about the products the sell. I can say that I have not really been able to locate any company that Kudler is competitive with on their web-site but I do notice that their selection can be considered competitive in any market. The way in which Kudler describes their position, performance, capabilities and intentions is very relative to a marketing strategy because they are not hiding behind any veils or doors about whom they are or who they portray what they are about.
Obtaining this competitive intelligence indicates that Kudler should continue to serve healthy, fresh products, and implement new packaging techniques to enhance portability. Kudler’s organizational culture must be willing to accommodate changing gourmet trends such as introducing gourmet pet food as a store product. Kudler Fine Foods can position itself by leveraging its strengths. How Kudler can gain a completive advantage is by the differentiation of its products, being the lowest cost producer in the industry, or focuses on a very narrow market. These generic
This paper presents an analysis of the market structures, strategic planning, market environment, and internal environment of Kudler Fine Food in order to suggest the best market structure which can be helpful for its long-term profitability and recommend strategies which can make it more competitive and successful among its industry rivals.
QuikTrip (QT) Corporation is a privately held company established in 1958 that specializes in convenience stores that service Western states. Through analysis of QuikTrip’s operating environment, we identified and evaluated opportunities the company can change or pursue. This analysis was accomplished utilizing a strengths weaknesses, opportunities and threats (SWOT) analysis ensure a systematic evaluation is conducted.
Dynamics ERP by Microsoft Corp. is the best choice for Kudler Fine Foods as they need a new accounting system in order to operate at full capacity the key features, technology, costs, and benefits in which they have to ensure growing success within Kudler Fine Foods depends on upgraded accounting technology to stay ahead of their competitors. The key features for this product, the core technology, overall benefits, and the low costs compared to the competition is the key features to give them a possible edge
One of the main hurdles was the time constraint of choosing a new ERP system. In the beginning KEDA experienced rapid development and expansion which inevitably resulted in them outgrowing the abilities of their current IT system. This was an urgent challenge because the more they waited for a replacement; the risk of losing customers would weigh heavily upon the company. Since there was a lack of IT skills in their in-house workplace, KEDA therefore needed to replace their current system with a more effective alternative within a short time period. Selection of a third party ERP provider would be a challenge because there were numerous vendors Dr. Zhu had to choose from. A suitable provider must satisfy the needs of the company in order for it to be successful. KEDA invited over 20 vendors to assess each for quality. One of the drivers that helped KEDA becomes successful in its selection was allowing middle and top managers to have a say. This helped ensure a team effort and articulated that company’s corporate structure did not work as separate entities, but as a singular
Pros. An ERP system is a necessary investment for Riordan because it integrates all departments and their respective functions across the organization into a single IT system (UMaine, 2009). There are three main benefits of ERP systems that directly address problems with Riordan’s operations. One benefit is a logical solution to a mess of incompatible applications currently in use by the organization. ERP also allows global access and sharing of organizational data as well. Additionally, implementing an ERP system will help the organization bypass the difficulties and expenses of replacing legacy systems (UMaine, 2009). An analysis of Riordan’s current issues with its Finance
VINSUN has decided to adopt an ERP solution that the company determined will be the best resolution to help them in better management of their valuable data with the integration feature of ERP. There are 3 alternatives that the company is considering based on the pros and cons of each of the programs, given that functionality and cost-effectiveness are the main focusing components, followed by ease of use, security and risk, and records of successful implementation.
In general, ERP systems are designed to standardize information entry and create data storage for information sharing across the organization. There are numerous advantages of ERP but skeptics argued on the fact that these advantages can be also achieved by simplification and lean production methods. IT systems could be effective and reliable in the long run but at the same time there is an uncertainty about whether it will align with the concerned business process. For instance, the ERP system implemented at the Korey plant to replace MRP system failed. Though it met the requirements of individual unit and enabled employees with wide range of
The task to find out more information on the enterprise resource planning systems (ERP) an integrated systems package has been assigned to Beutler. The company has looked at the strengths and weaknesses of seven ERP packages they have been presented. Due to the high risk of using a Big Bang Approach, a high-risk project it was vital that the
Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effects on the organization and its long-term profitability. Recommendations will be made for Kudler Fine Foods while comparing real-world organizations.
Their main focus would be their market driver and their government driver. In the market drivers, Chiquita will need to analyze its customer needs, global customers and market channels in order to reroute their company’s image. In the government drivers, Chiquita will need to analyze its common marketing regulations, unrestrictive trade and investment policies and compatible technical standards so that their audience will know its stance on the past situations and see that they are doing whatever needed possible to be a reputable company again. Chiquita also has to look at their multi-business firms in its corporate strategy. They must manage their individual businesses to formulate a new business strategy and monitor and control their business performance with the new strategy. They can incorporate portfolio planning models to evaluate their business performance and formulate business strategies to allocate resources properly. With the new analyzing of these concepts, Chiquita will have better coordination, control, and profitability for the firm.