...Iggy’s Bread of the World Case Analysis Prepared by: Yendava Mounica of Section C 2013PGP457 Indian Institute of Management Indore March 2014 03rd March, 2014 Igor Ivanovic Chief Executive Officer Iggy’s Bread of the World Cambridge, United States Dear Mr. Ivanovic, This is with reference to our discussion about the current situation you are facing. We have thoroughly analyzed the situation as per our discussions on 17th and 25th of February, 2014. Based on a critical analysis of the options available, we have presented our recommendation. I hope you find the report to be satisfactory. You may contact me for further discussion and clarification on the same. Sincerely, Yendava Mounica p13yendavam@iimidr.ac.in Executive Summary Igor Ivanovic – founder of the Iggy’s Bread of the world decided to expand their business operations to meet the increasing demand from the clients. Mr. Ivanovic and his wife hired Matthew McRae as an onsite consultant to help them with the financial and administrative sides of the business. Matthew began to assemble his management team. Ivanovics worried that the changes were happening too quickly and that Matthew was not giving himself time to get accustomed to Iggy’s before hiring new people. The Ivanovics were also losing touch with the organization and there was growing discontent amongst the employees with Matthew management style. Matthew offered his resignation and took it back and asked for a pay raise. Possible...
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...Indian Institute of Management Indore Report on “Iggy’s Bread of the World” Submitted to PROF. Shweta Kushal On 07/02/2014 Pallavi Gupta (2013PGP267) Letter of Transmittal Igor Ivanovic, Chief Executive Officer Iggy’s Bread of the World 2nd March, 2014 Dear Mr.Igor Enclosed is the report on “Iggy’s Bread of the World” as required by your company. I have mentioned and analyzed various options based on certain important criteria and have suggested a suitable recommendation. The analysis and the recommendation are in the following pages. For any further clarification, I would be available at my official IIM Indore Email ID. Sincerely, Pallavi Gupta Consultant Executive Summary This report is presented to help Ivanovics decide on the further course of action for Iggy’s Bread of the World. The report first analyses the conflict between Ivanovics and McRae and the difference in their working style. Secondly it also looks into the importance of McRae to the organization and also the feasibility of McRae’s demand for a hike in compensation The report looks into the alternative course of actions that Ivanovics can take, analyses the pros and cons of each action and finally come up with a course of action. Finally it concludes with recommending that McRae should be fired, Ivanovics should hire a HR consultant to hire a new management to replace the existing one. Table of Contents S No | Content | Page No. | 1 | Executive...
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...Located in the town of Cambridge, a family owned bakery named “Iggy's Bread of The World” is facing big challenges. The bakery, opened in 1994, was founded on creating a “nurturing and respectful environment at our workplace that fosters cooperation, communication and a sense of accomplishment for all employees”. In less than six years, the company's proud owners, Igor and Ludamilla Ivanovic, prospered and grew the net revenue by more than $500,000. While trying to grow the business, Iggy's is walking a fine like to maintain it's family like culture and ideals. The bakery is experiencing issues like change in culture, communication breakdown, and a sudden shift in structure. In essence, these issues are stemming from unstable leadership that is unable to support the organizations culture and ideals. The current issues are described in a case study presented by the Harvard Business review published in 2001. Iggy's was founded by two individuals with a strong vision and ideals. Ludamilla viewed her role in leadership as an opportunity to promote her passion. As she explained, “The bakery became a stage for me, a channel though which I could do what I believe in...I want our employees to get pleasure out of what they do. I want them to be involved in the company. I want them to like what they do, to be excited to come in and have initiative to be proud of what they do.” Igor viewed leadership as an opportunity to teach and facilitate skill advancement. Almost all employees had...
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...Evaluate Igor’s decision to bring a new COO. What effect did this decision have on his ability to influence the company’s employees and product? Since the company has grown too big, it has become difficult for the founders to manage the firm purely by themselves. Hiring a new COO was expected to bring in outside expertise in terms of management skill. Even though the Ivanovics had realized that this decision will weaken their influence on the company, they seem to have not expected that this will threaten Iggy’s most basic mission. According to the case study text, “many of the employees at Iggy’s perceived the new management team to be too isolated from the operations and culture that were at the heart of the company.” It is surely a prudent decision to hire a COO to handle the big company that has grown too big to control effectively. However, the problem was that Igor and Ludmilla didn’t consider enough which part of the company work to hand over and how this decision will change the company. While the decision to hire a new COO in itself was commendable, the problem lies in the fact that they just had some vague anticipation of hiring an expert and did not take full account of the individual-organizational fit. Overall, the net effect of bringing in McRae as the new COO was negative. McRae, who is highly competitive and profit-oriented, contributed to Igor losing much of his ability to influence the company’s employees and products. The new management team that...
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...Iggy’s Bread of the World Case Study Symbolic Assessment Company Human Symbolic Frame Assessment All organizations have some degree of symbolic life with Bolman and Deal referring to this as an organization’s cultural tapestry and state (Bolman and Deal, 2013). Furthermore the symbolic frame, drawing on social and cultural anthropology, treats organizations as temples, theaters, or carnivals (Bolman and Deal, 2013). It abandons assumptions of rationality more prominent in other frames. It sees organizations as cultures, propelled more by rituals, ceremonies, stories, heroes, and myths than by rules, policies, and managerial authority (Bolman and Deal, 2013). Organizations can be viewed as theaters where actors or employees play their roles in the organizational drama while audiences or customers form impressions from what is seen onstage or in business practices (Bolman and Deal, 2013). However, problems arise when actors or employees blow their parts, when symbols lose their meaning, or when ceremonies and rituals lose their effectiveness (Bolman and Deal, 2013.) Iggy and Ludmilla’s bakery established itself as a symbolic organization right away (Grendon and McGinn, 2001). It set a standard of values, attitudes, beliefs, expectations, and organizational norms right away (Grendon and McGinn, 2001). Iggy and Ludmilla established a sense of pride and accomplishment along with personal responsibility for all employees to maintain and...
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...Sermon: The Living Bread John 6:35-41 Objects: A Food Pyramid Poster and Flat Bread. Have you ever seen a food pyramid poster? The food pyramid was developed to help us know what kinds of foods we should eat to help us to grow strong, healthy bodies. I have one to show you. The picture shows all of the food groups. There are grains, vegetables, fruits, milk and dairy, meat, and fats and sweets. As you can see, the largest part of the pyramid is foods that we make from grain. What are some foods we make from grain? Let's see, there is bread, cereal, muffins, tortillas, and a lot of other good things to eat. Most of the things we make from grain not only taste good, but they are good for us too. Bread has always been considered to be one of our most important foods. Even way back in Bible times, bread was very important to life. Do you remember the time God provided bread for the Israelites when they were starving in the desert? Every morning God sent bread from heaven for the people to eat. I'm sure you also remember the time when Jesus fed a crowd of 5000 people with just five loaves of bread and two small fish. Do you remember when Jesus taught his disciples to pray? He taught them to say, "Give us this day our daily bread." (Pass out Flat Bread and have them tear a piece off and eat it) Bread is, and always has been, a very important part of life. Most places in the world have bread like this Flat Bread. It is easy to make, but like...
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...The History of Bread Bread is an essential part of our diets and feels like it has literally been around forever. There is bread, no matter where you travel to and in many different taste, shapes, colors. Bread has been given its own culture through different countries over thousands of years. Bread is a pleasantly soft baked-good that you can find almost anywhere and in almost anything. No one is completely 100% sure when bread was invented, however, we do know that the bread eaten then was undeniably different from the bread we eat today. “For much of recorded human history, man, indeed, did pretty much live by bread alone. Our close relationship with the staff of life goes back at least 6,000 years to Egypt, where still today, the words...
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...Question 3: Provide an analysis and critical report on the company's above current business and IT strategies. 3.0 Business and IT Strategies There is a comparison of price between its competitor new bakery brand Massimo, Gardenia's product is more expensive than Massimo bread. The reason is because Massimo bread sourced their flour from their own mill, Federal Flour Mill (FFM) which is owned by the same person Robert Kuok. FFM does enjoy the government subsidy, but Gardenia doesn't have government subsidy (Bread: Gardenia and Massimo). Taxation policy affects the production costs of Gardenia, it depends on the price of its raw materials and the current execution of GST(Goods and Services Tax) indicates an increase in the price of Gardenia products effective 01 April 2015 (GST). Gardenia has increased the price of their product with GST of 6%, ....
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...John 8:32-38 is full of life and truth. Throughout history, scholars have often debated the authority and accurate historical account of the Gospels of Jesus Christ and have deliberately tried to defuse or bestow doubt on the accuracy of Jesus Christ being the son of God, the Savior of the Word or even God Himself coming down in the form of man to reconcile us back to Himself. Through this passage, we can conclude that Jesus Christ is the bread of heaven that God has sent to reconcile man back to himself to give and sustain life to all those who partake of Him. The teachings of Jesus Christ from one looking in from the outside, sounds foolish to those who are not confessed Christians and often times astound the “Believer” who is seeking truth and knowledge from the Word of God. Jesus Christ is the bread of life that gives life to those who partake of Him and in this Exegetical Analysis, we will look at the points of references that guides us to the truth that Jesus Christ is the “bread of life” and all those who partake of this bread will by no means be cast out. Historical The view that John, the son of Zebedee, one of the original twelve apostles, wrote the Fourth Gospel, was held uniformly by the early church fathers and for this reason became the traditional view held by the Christian church until modern times. The Gospel of John was known and used authoritatively from the very earliest times and can be seen in the early papyri, Ignatius of Antioch (ca. 110-15)...
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...Q1. How has Panera Bread established a unique position in the restaurant industry? How has this unique position contributed to the firm’s success? Do you think Panera Bread will reach its goal of becoming a leading national brand in the restaurant industry? Why or why not? Panera Bread has established a unique position in the restaurant industry by developing itself with various approaches. First of all, Panera Bread has observed the consumer always wanted good food quality and speed services. This has given the Panera Bread an opportunity to reposition itself by joining the concept of fast food and casual dining category. This category provided the consumer the alternative they wanted by capturing the advantages of the both categories. Besides, with the good timing which became the first mover to this new category also led itself to this favorable position. This new category has made Panera Bread’s position not only unique but also contributed to its success. Panera Bread did a lot of things to distinguish itself from its rivals such as adding specialty food, different menus, catering service, new time suggesting of specialty food and providing inviting neighborly atmosphere. According to the text, Panera Bread serves nearly six million customers a week systemwide and become one of the largest chains. This shows that the unique position has contributed to its success. In my opinion, I think Panera Bread will reach its goal because the company is relying on its unique position...
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...Art comes in many shapes and forms. From things such as paintings, music, and even the occasional sandwich making. Yes, you heard correctly. You are probably thinking it’s so easy to make a sandwich all one has to do is throw in some bread, meat, cheese, and maybe some lettuce if you’re feeling a little crazy. No. Everything you think you know about sandwiches is wrong. This essay will show you how I became the world renowned sandwich artist and how you too can become one. It was an end of a very busy day. Muscles ached and all my body wanted to do was drown in a pool of pillows and blankets. As I made my way to my bedroom a sudden grumble came from the pit of my stomach. I haven’t eaten all day and my poor stomach and I were hungry. I walked...
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...BACKGROUND Panera Bread Company operates in the retail bakery-café segment of the restaurant industry in the services sector. Under the control of CEO Ronald Shaich, Panera Bread Company functions under the names of Panera Bread Company and St. Louis Bread Company. Originally, Panera operated primarily only on the east coast but has now opened up operations in 35 states. Panera’s stores are located mostly in suburban areas near malls and other shopping centers. Panera Bread offers an assortment of breads, deli sandwiches, salads, and pastries among other products. Panera competes in the restaurant industry against such restaurants as McDonald’s and Wendy’s, but Panera’s differentiation from its competitors comes from its café environment including a more up-scale and healthy menu. Panera Bread Company has recognized large scale growth in recent quarters and is now on pace for large growth rates in the future. Panera currently has 429 franchise operated stores and 173 company-owned bakery-cafes. Panera’s ability to increase sales of franchises has enabled Panera to grow rapidly. Panera does not sell single-unit franchises but rather sells franchise agreements of generally 15 stores in 6 years. Panera has strict criteria that must be met to buy a franchise including a certain amount of capital that is required. Panera depends on increased sales of franchises and increased revenues in same store sales to continue at its large growth rate. Panera Bread Company is a small...
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.............................................. 4 3. Marketing analysis ....................................................................................................................... 6 3.1. Market segmentation ............................................................................................................. 6 3.2. Competition and buying patterns .......................................................................................... 6 3.3. Marketing strategy ................................................................................................................ 8 4. Products offered ........................................................................................................................... 9 4.1. Bread ..................................................................................................................................... 9 4.2. Viennoseries and sweet pastries.......................................................................................... 12 4.3. Cakes and desserts...
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...Market Study on the Proposed Soursop Bread Introduction Bread is a staple food prepared by mixing flour and water to make dough with the use of baking method. According to Shah, 1991 it has been popular around the world and is one of humanity's oldest foods, having been of importance since the dawn of agriculture. People now a days are making bread as a substitute for their meals. In fact, some of us usually prepare bread during our breakfast meals with the accompaniment of coffee or any typical drink. Some uses many fillings for the bread like eggs, hotdogs or spreads. But did you know that bread also contains some health benefits? Grain foods, like bread, play an important role in your diet by providing many nutrients, such as dietary fiber, vitamins and minerals. Bread is an important source of fiber. More than a quarter of our daily fiber intake comes from bread essential for a healthy digestive system (USDA, 2000). But despite of many benefits, bread is low in essential nutrients. According to Kennedy, 2013 bread was traditionally a poor man’s food and is not as nutritious as it is made out to be. In fact, the grains in bread block nutrient absorption in the body. That is why, the researchers come up with this study to develop bread from mixing it with another substance like the Soursop fruit with essential benefits for the consumers. Soursop fruit also known as “Guyabano” fruit is one of the famous fruit known here in the Philippines. It is known for its more or...
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...Life (Jn 10,10) In the Gospel of John, there are various uses of the word "life" that pose different meanings. The three main points that John states about life is: Eternal life, the bread of life, and the sacrifice Jesus made in which we, as sinners, need to be obedient and follow his commands so we can be saved. One nuance according to eternal life is, "he who loves his life loses it, and he who hates his life in this world will keep it to life eternal," Jn 12:25. A verse that relates to the bread of life is, "I am the living bread that came down out of heaven; if anyone eats of this bread, he will live forever; and the bread also which I will give for the life of the world is My flesh," Jn 6:51. Another nuance of "life" that is used in this Gospel is, "He who believes in the Son has eternal life but he who does not obey the Son will not see life; but the wrath of God abides on him" Jn 3:36. These being the main shades of meaning in the Gospel of John there are others as well. In John, "life" is used forty-five times in order to depict the each and every meaning the way life is being described as. People who are doing good things in their life believe we're living the perfect life. However, they're mistaken because there is so much more meaning to it. We need to learn to be good in this world to be accepted into the kingdom of heaven, which is what our Savior, Jesus Christ, promised us. Living on earth is like a practice field for the real big game that we will have to take...
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