...Report title Jot toy – case study University Rusangu University Team members Dina Nchenesi Busiku Siagwelele Relson TABLE OF CONTENT 1.0 Executive Summary This report aims to prioritize, analyse and evaluate the current issues of Jot management. The report starts with te 4main issues Jot is currently facing, the issues have been categorised in two, (i) issues that threaten the business (ii) plans relating to expansion and market. For the first issue, which is late delivery of Christmas product, the team recommend that Jot should distribute to the product preferring the major customers over smaller retailers. The second issue, fault in new flying spaceship, insulation should be improved. Near soring to voldania, Jot should implement the proposal as manufacturing in China is expensive. Jot should also accept the proposal to launch a new product range. Finally, ethical issues are addressed and recommendations are made. Financial and strategic analysis have been added in the appendices. INTRODUCTION Jot was established in 1988, it is a company that is specialized in relatively small range of 34 products aimed at only 2 age groups (the children between 3-5 and the children between 5-8). 3.0 Industry background Toy market is a highly seasoned market with most sales occurring in pre – Christmas periods (October – December) 86% of the world’s toys are Prioritisation of issues facing jot The 4 main...
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...6.0 SCENARIO ANALYSIS AND RECOMMENDATION 12 6.1 Near-Shoring Proposal in Voldania (Appendix F) 12 6.2 Launching New Range of Toys for 9-11 Age Group 12 6.3 Late Delivery of Christmas Product 13 6.4 Faulty New Flying Spaceship Toy 14 7.0 MAJOR ISSUE ANALYSIS AND RECOMMENDATION 15 7.1 Market Expansion 15 7.2 Reduce Debt 15 7.3 CSR Activities and Product Safety 16 8.0 APPENDICES 17 1.0 EXECUTIVE SUMMARY This report tries to prioritize the current issues of the management of Jot while discussing and advising upon them. Through strategic and financial analysis, the report analyzes the ins and outs of this firm and through a detailed what-so analysis thoroughly discusses the issues of the firm. For the near shoring proposal the team suggests to shift production to China based upon net present value of cost involved while launching new products in the 9-11 age group. The report provides multiple solutions for the late delivery and faulty toy cases and chose to prefer major customers over small retailers and to repair the faulty products. The report further suggests on issues including market expansion, debt reduction and CSR activities. 2.0 INDUSTRY BACKGROUND Toy market is a highly seasonal market with...
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...` Accounting 100 Assessment 3 results Cumulative mark after assessment 3 Tutorial attendence and Assignment submission Assessment 1 Assessment 2 Assignment 3 Assessment 3 Cumulative Tutorials Assignments Stud NumberMark/75 Discr 2 Total Ass 1 % Mark/100 Discr 3 Ass 2 % Mark/100 Discr 3 Assignm 3 % Mark /100 Discr 3 Ass 3 % mark Tut 1 Tut 2 Tut 3 Tut 4 Tut 5 Tut 6 Assignm 1 Assignm 2 Assignm 3 Assignm 4 200582198 44 2 46 61 63 3 66 76 3 79 51 3 54 61 Attended Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 200901029 63 2 65 87 70 3 73 72 3 75 28 3 31 58 Attended Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 200914567 41 2 43 57 67 3 70 80 3 83 37 3 40 56 Attended Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 201009902 56 2 58 77 94 1 95 96 3 99 67 3 70 82 Attended Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 201016301 67 67 89 89 3 92 97 3 100 61 3 64 81 Attended Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 201110335 39 2 41 55 73 3 76 82 3 85 50 3 53 64 Attended Attended Attended Attended Submitted Submitted Submitted Submitted 201119071 60 2 62 83 81 3 84 86 3 89 51 3 54 72 Attended Attended Attended Attended Attended Submitted Submitted Submitted Submitted 201123835 39 2 41 55 55 3 58 29 Attended Attended Attended Attended Submitted Submitted 201126251 55 2 57 76 59 3 62 92 3 95...
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...7.0 Bibliography A Knowledge Base Representing Porter's Five Forces Model. (2016). 1st ed. [ebook] Erasmus University Rotterdam, pp.1-4. Available at: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=12&cad=rja&uact=8&ved=0ahUKEwjJ5oPQpaTLAhUEGY4KHcs-CQY4ChAWCCEwAQ&url=http%3A%2F%2Frepub.eur.nl%2Fpub%2F753%2Feur-few-cs-99-02.pdf&usg=AFQjCNHJZfdO8dUiuMO1sTmM1-zJq-JvGw&sig2=h9ujxzkrPhrzPNKKsDCWcw&bvm=bv.115339255,d.c2E [Accessed 13 Feb. 2016]. Dess, G. and Davis, P. (1984). Porter's (1980) Generic Strategies as Determinants of Strategic Group Membership and Organizational Performance. Academy of Management Journal, 27(3), pp.467-488. Essentials of Strategic Planning in Healthcare. (2016). 1st ed. [ebook] Health Administration Press, pp.93-96. Available at: http://www.ache.org/pdf/secure/gifts/Harrison_Chapter5.pdf [Accessed 12 Feb. 2016]. Hall, J. (2016). Forbes Welcome. [online] Forbes.com. Available at: http://www.forbes.com/sites/johnhall/2013/11/03/12-challenges-faced-by-the-fastest-growing-companies/#2b86c6a159fa [Accessed 11 Feb. 2016]. Muller, L. (2014). U.S. Toy Makers Face Unique Challenges And Opportunities In 2014. [online] Seekingalpha.com. Available at: http://seekingalpha.com/article/1945521-u-s-toy-makers-face-unique-challenges-and-opportunities-in-2014 [Accessed 12 Feb. 2016]. Schultz, R. (2004). A NOTE ON THE PRODUCT-MARKET GROWTH MATRIX. 1st ed. [ebook] University of Iowa, pp.2-4. Available at: http://C:UsersA455LFDownloadsDocumentsproduct-market...
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...SWOT analysis Notes 1) We ve learnt that earlier manufacture was done by Jot in its home country itself, later due to bulk orders and popularity they outsourced manufacturing to China because of cheap labour 2) Over 80% of Jot’s product sales are sold to retailers for €20 or less. 3) Jot’s bank has been very responsive to the company’s needs for cash in order to fund its growth but has indicaJOT that at the present time it would not be able to provide any additional long-term finance. 4) As Jot builds up its inventory in preparation for higher levels of sales in quarters 3 and 4, cash flow is negative during the second half of the year. This is because outsourced manufacturing for the majority of all products occurs mainly from the end of quarter 2, during all of quarter 3 and the beginning of quarter 4. 5) Jot’s designers and sales team will have already decided on an indicative selling price, so the unit price to be charged to Jot by the outsourced manufacturing company is often the determining factor when making the decision of which outsourced manufacturing company to use. 6) Over 68% of Jot’s sales in the financial year ended 31 December 2011 were to these 7 customers based in Europe and the USA. The remaining 32% of sales are to distributors as well as small and medium sized retailers around the world. Jot currently has around 350 customers in total, including the 7 large customers. Strengths 1) Certified products 2) A good team. a) Own in-house team of designers who...
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...consultant to Jot, an independent toy company Prepare a report that prioritises, analyses and evaluates the issues facing the board of Jot. You should make recommendations where appropriate. Read all the information provided before you begin. ©The Chartered Institute of Management Accountants Page 1 A variety of issues have arisen, on which the board would like your analysis and opinion: Near-shoring proposal in Voldania Jot has been considering outsourcing part of its manufacturing to Voldania, a country in Eastern Europe and the board has asked that you consider this proposal from a financial, strategic and operational viewpoint. Tani Grun has put together some financial information as below and she comments as follows: ‘The prices we can get for products made in China as opposed to made in Voldania are the same, so we can ignore the revenue side completely. However, I have researched the costs as thoroughly as I can, but inevitably there are many estimates included.’ Jot has a five-year planning horizon and so ignores profits and cash flows after that period and would review the situation again at some future point. The intention is that Jot would gradually switch production from China to Voldania in ever increasing quantities over the initial 5-year period. Financial information: Production in units Year 1 Year 2 Year 3 Year 4 Year 5 60,000 100,000 140,000 180,000 220,000 Notes: the ‘costs’ below refer to the charge made by the manufacturer to Jot and as such...
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...Case Guideline Summary Good Attitude: Self-study is the best key for succession. Several successful methods are including: 1. Personal initiative, self-reliance: student needs to finish the project by their own under the guidance of professors. They need to sort thing out in a way that makes sense to them 2. Curiosity, a zest for exploration as an end in itself 3. A willingness to take risk: people learn more from failure, so do not hesitate to take since you can learn more afterward. 4. Patience and persistence: since the cases are messy, don’t be dragged to the mess by them. Instead, try to reach a solution because you may find other alternative options. 5. An orientation to community and discussion 6. Trust in the process Good infrastructure: Infrastructure is all resources case is giving to you. Steps that may help you further in utilizing all resources: 1. Find a quiet place to study: spend at least 90 minutes for each case 2. Get a business dictionary 3. Skim a business newspaper each day; read a business magazine; follow the markets. 4. Learn the basics of spreadsheet modeling on a computer 5. Form a study group 6. Get to know your professor Good execution: 1. Reading the case: in the first time reading the case, try to get a big picture, not a detail information. The first few paragraph will talk about the problem; while the rest may provide you with information helping to solve the problem 2. Getting into the case situation. Develop your “awareness”:...
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...Marking Guidelines Cases studies are due on paper at the beginning of each class (e.g. xx.00pm). Late cases get zero. |Marks | | |5 |Key Events / Case synopsis | | |Maximum of six (6) sentences here. Provide a brief history of the company up to the time of the decision / problem. | |5 |Problem Statement and Objectives | | |Be clear what the problem is. Sometimes it is a specific decision to be made, most of the time it is a larger issue.| | |This means that the problem statement will rarely, if ever, be, “Should decider do A or B” | | |Note the objectives of the key character. If secondary characters have objectives that might have an impact on the | | |recommendation, note these here. | |25 |Situation Analysis | | |Start with a paragraph that summarises the business situation (eg do strengths outweigh weaknesses? Is it an | | |attractive...
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...Assessment Centre > Introduction | Assessment Centre has a variety of definitions and these are based on its methodology of assessing a candidate’s performance and aptitude. Trained Assessors observe a group of candidates performing a variety of aptitude diagnostic procedures which provide specific information on the abilities and developmental capacity of each applicant. An Assessment Centre is actually a process applicants take part in and is not specific to any one location. Its popularity is also evident in staff growth plans where it is usually known as a Development Centre. These procedures are designed to ensure employee investment is maximised for both the organisation and the individual. Whilst the general process is very similar to Assessment Centres the subtle difference is that at a Development Centre you will be given feedback immediately and work with the assessor to agree a future plan. Many organisations use the expertise of an HR consultant to design the exercises to meet their specific role requirements and then to conduct the actual testing and assessment of candidates. These services come with a significant cost and that is why you will increasing face testing through an Assessment Centre as you apply for higher-level strategic and technical roles. The length of an Assessment Centre will vary from half-a-day to two full days and may be held on the employer’s premises, often within their own training facilities or on the premises of the organisations Human...
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...Outline for Case Reports: Please follow this outline for all written case reports. Please note that this follows the discussion below. 1. Situation Analysis 2. Assumptions and Missing Information 3. Problem Definition 4. Development of Alternatives 5. Evaluation of Alternatives and Recommendation to Management 6. Appendix – Used for exhibits such as pro-forma income statements and other detailed analyses. The Case Analysis Framework The case analysis framework presented here is a synthesis of the frameworks used by your professor and other marketing professors who use case analysis in their courses. It will provide a solid structure to organize the diverse information presented in a case. As you work your way through this framework, or a similar approach to case analysis, we offer the following hints to increase your probability of success: 1. No one can analyze a case after reading it only one time, or even worse, doing the analysis during the first reading of the case. You should read through the case once just to get an understanding of the nature of the case. During the second reading, you can begin to structure and classify the issues as they appear. A truly comprehensive case analysis will probably require at least three readings. 2. Don’t get trapped into thinking the “answer” to the case is hidden somewhere in the case text. There is never a single answer to a case just as there is never a single marketing strategy that is...
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...Assignment 1, 2013 – Case Studies Tutorial-based group assessments Due: See ‘Due Dates for Case Study Submission’ section Marks: 30% of the total marks for the unit Background – Learning with Cases Harvard University, probably the most famous source of teaching cases, describes these resources as follows: “Teaching cases – also known as case studies – are narratives designed to serve as the basis for classroom discussion. Cases don’t offer their own analysis. Instead, they are meant to test the ability of students to apply the theory they’ve learned to a ‘real world’ situation … where good accounts of specific events can help exemplify and illuminate theory” (Harvard, 2000). The use of cases based on or around real organisations and/or current issues provides an entirely different approach to learning from that of lectures or more conventional tutorial exercises, where students solve specific problems in isolation from the world of business. Case preparation is a significant part of both undergraduate and postgraduate business study – particularly in the English-speaking world – and it is important to learn to do it effectively and efficiently. I have provided two introductory readings to help you with this process: “Learning Information Systems with Cases” (a pdf file available from your KXO223 MyLO resources) and “Notes on Writing a Case Study Report” (included in this document as Appendix A). Please begin by reading these carefully. Cases are usually based around...
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...ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 593–608 American Accounting Association DOI: 10.2308/iace-50038 Wiki Art Gallery, Inc.: A Case for Critical Thinking Fred Phillips and Brandy Mackintosh ABSTRACT: This instructional case requires students to provide advice to a client who is currently a co-owner of a for-profit art gallery. The client is planning to purchase his coowner’s shares at a price to be determined based on their company’s recent financial performance. The company’s financial statements, prepared by the client’s co-owner, contain accounting choices and judgments that students should identify and evaluate using critical thinking skills. This case is suitable for use in introductory and intermediate financial accounting, and in introductory auditing and assurance courses. Accompanying the case is a set of teaching notes and assessment rubrics for use by instructors. THE CASE The Setting Wiki Art Gallery, Inc. (WAG) is a privately owned business started in 2006 by two students. Rob Wilco combined his entrepreneurial business interests with Stephen Conley’s knowledge of artwork to create an online art gallery, which they named WAG. WAG’s start-up years were challenging. The owners contributed their savings to the company, but initially earned little return on their significant investments of money and time. Propelled by a belief that their work would pay off, they persevered. Now, it appears their luck is changing. WAG became profitable in late 2009 and...
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...PREPARATION - When it came to resume building, I mentioned my internship (which was in Samsung), projects I did and the co-curricular activities - I was confident about my aptitude and was focussing mainly core and analytics. - I didn’t prepare for GD but finally had to give GD in Coca Cola, ITC and Schlumberger. So you can never be too sure of what comes your way during the placements. PLACEMENT EXPERIENCE - I started my placement journey by getting shortlisted in Capital One on Day 1. They shortlisted 125 candidates on the basis of resume. Then they took a case study interview and reduced the number to 30. Then again took an aptitude test but finally didn’t give offer to anyone. - Then came Coca Cola on Day 2. They organised GD in the groups of ten each and then there was a single interview of about half an hour which mainly consisted of HR based questions. The topic of the GD was “Are Engineering students wasting time in studies ?”. The interview mainly focussed on the commitment to work with them and asked whether I did any activity depicting leadership skills. - Coca Cola shortlisted candidates with medium profile like moderate CPI with few extracurrecs. I had a target of gettng placed in Qualcomm from second year itself. It came on Day 2 and I got a call from Qualcomm in the middle of the interview of Coca Cola so I could not take their call. Immediately after this I went for the Qualcomm interview but they were not happy and asked me to leave without much interrogation. The...
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...contemporary organizational issue you find intriguing. Use one field site or example for the entire paper. Also, be explicit about the level issue. For example, if you are using the concept of personality then it is an individual level issue. A list of concepts and their related levels is provided in a separate document. Focus of paper-related requirements: Outline: Submit a formal outline for your paper, complete with references. The purpose of the outline is to help you organize your content, which also results in increased clarity, improved logic, and better structure of the paper. There may be adjustments from this document to your final paper, but at this stage the paper should not require major revisions. Final Paper: Use a case study format for the structure of your paper. Identify and analyze issues using course concepts, and propose recommendations for the organization you are focusing on. Use of course concepts 1. Use a minimum of 8 concepts for the paper. Include a list of the concepts you used at the beginning of the paper. 2. Briefly define each concept you use within the text (a paragraph or two). 3. For each concept, write a diagnosis at one level (e.g., the person level). For example, you might write “The employee misses work frequently due to stress from conflict with her supervisor.” Note, stress and conflict would require definitions.) 4. For each concept, write a solution or solutions. Identify the level(s) you addressed in Step 2...
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...Calendar Overall for Case-Study Presentation & Mid-Term Exam – MGT 4760 (Strategic Management) Sem 1, 2012/2013 Sec 8 (M-W) No. | Week | Topics | Class Day | Date | Schedule | Details | | 1 | Chapter 1: The Nature of Strategic Management | 1- Mon 2- Wed | 10/912/9 | | | | 2 | Chapter 2: The Business Vision and Mission | 3- Mon 4- Wed | 17/919/9 | | | | 3 | Chapter 3: The External Assessment | 5- Mon 6- Wed | 24/926/9 | | | | 4 | Chapter 4: The Internal Assessment | 7- Mon 8- Wed | 1/103/10 | Quiz 1 (Chapter 1.2.3) | | | 5 | Chapter 4: The Internal Assessment | 9- Mon 10- Wed | 8/1010/10 | | | | 6 | Chapter 5: Strategies in Action | 11- Mon 12- Wed | 15/1017/10 | | | | | BREAK(22/10 – 28/10) | 13- Mon 14- Wed | 22/1024/10 | | | | 7 | Chapter 5: Strategies in Action | 15- Mon 16- Wed | 29/1031/10 | Case Presentation Session 1Case Presentation Session 2 | Group 1:L: Lia Hilaliah (Case Study 3)Group 2:L: Mas Syairah bte Mohamad (Case Study 5) | | 8 | Chapter 6: Strategy Analysis and Choice | 17- Mon 18- Wed | 5/117/11 | | (Mid-Term Exam 7/11 Wednesday)Seminar Room 1.1 | | 9 | Chapter 6: Strategy Analysis and Choice | 19- Mon 20- Wed | 12/1114/11 | Case Presentation Session 3Case Presentation Session 4 | Group 3:L: Mohamed Sheikh (Case Study 9) Group 4:L: Izzati Nor binti Salleh (Case Study 14) | | 10 | Chapter 7: Implementing Strategies: Management and Operations...
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