...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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...Strategic Analysis and Recommendations for Jot Contents SWOT ANALYSIS ............................................................................................................................................ 4 STRENGTHS ................................................................................................ Error! Bookmark not defined. WEAKNESS ................................................................................................. Error! Bookmark not defined. THREATS ..................................................................................................... Error! Bookmark not defined. Opportunities ............................................................................................. Error! Bookmark not defined. FINANCIAL ANALYSIS ..................................................................................................................................... 7 Current Ratios ........................................................................................................................................... 7 Quick ratio:................................................................................................................................................ 7 Net working Capital................................................................................................................................... 7 Debt Ratio: ......................................................................................................
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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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...Toy Story - analysis of the Jot case study Adrian Sims of BPP Professional Education provides some initial analysis of the pre-seen material for the TOPCIMA Part B – Case Study exams on February 28th and May 24th 2012. I’m writing this article in late December 2011 to help candidates prepare for the March and May 2012 T4 (TOPCIMA) exams based on the pre-seen material for Jot- toy case. Some previous T4 cases have lacked fun, but toys are fun. I’m sorry, but I decided to combine this article with quotes from the three Toy Story movies (Disney/Pixar). The Toy Story quotes are in italics, a bit contrived, and probably of no use for the exam. They made me smile and gave me (and you) an excuse to watch the Toy Story movies again. But my newspaper today rather kills the joyful mood. It has the headline ‘Sales boom may not save High Street big names: analysts predict failures within days’. It reports that the December sales boom has been insufficient and has left many stores with unsold stocks and unable to pay their outgoings. This has afflicted markets as diverse as camping equipment and lingerie. This brings us to the heart of the Jot pre-seen material. Jot makes toys and is part of an industry for which November and December sales are critical. It depends on retailers to sell its products, but retail in Europe is facing terrible times as a consequence of the recession caused by the sharp reductions in government spending and collapse of bank lending. It has a perilous cash flow...
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...Toy Story - analysis of the Jot case study Adrian Sims of BPP Professional Education provides some initial analysis of the pre-seen material for the TOPCIMA Part B – Case Study exams on February 28th and May 24th 2012. I’m writing this article in late December 2011 to help candidates prepare for the March and May 2012 T4 (TOPCIMA) exams based on the pre-seen material for Jot- toy case. Some previous T4 cases have lacked fun, but toys are fun. I’m sorry, but I decided to combine this article with quotes from the three Toy Story movies (Disney/Pixar). The Toy Story quotes are in italics, a bit contrived, and probably of no use for the exam. They made me smile and gave me (and you) an excuse to watch the Toy Story movies again. But my newspaper today rather kills the joyful mood. It has the headline ‘Sales boom may not save High Street big names: analysts predict failures within days’. It reports that the December sales boom has been insufficient and has left many stores with unsold stocks and unable to pay their outgoings. This has afflicted markets as diverse as camping equipment and lingerie. This brings us to the heart of the Jot pre-seen material. Jot makes toys and is part of an industry for which November and December sales are critical. It depends on retailers to sell its products, but retail in Europe is facing terrible times as a consequence of the recession caused by the sharp reductions in government spending and collapse of bank lending. It has a perilous cash flow...
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...Running head: Harris County: Going Paperless Harris County: Going Paperless Managerial Applications of Information Technology OVERVIEW OF THE ORGANIZATION The Harris County Juvenile Probation Department is committed to the protection of the public, utilizing intervention strategies that are community-based, family-oriented and least restrictive while emphasizing responsibility and accountability of both parent and child. As part of our core values we value the belief that everyone is to be treated with dignity and respect. We believe that each person has innate worth, dignity and capacity for positive change. We value services that are ethical, effective and culturally competent. We hold high and promote a positive image of the department, the employees and our role within the community. We take pride in an environment that promotes initiative, productivity, teamwork and professional growth. We uphold to an atmosphere which stresses tolerance and is free of discrimination. We strive in developing collaborative efforts with judicial, legislative and community partners. The Harris County Juvenile Probation Department operates a Leadership Academy, a Detention Center, a secure residential treatment center and a non-secure residential treatment center. ( hcjpd. Org, 2009). The Texas Family Code, Chapter 58 requires that agencies in Texas report juvenile criminal history to the Department of Public Safety in Austin beginning January 1, 1996. The Harris County Juvenile...
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...2013 CASE STUDY www.cimaglobal.com/globalbusinesschallenge Jot – toy case study The date of the case is set at 1 November 2012 Industry background There is a large number of companies of various sizes which design and sell toys to retailers globally. Most toy companies outsource the manufacture of their toys and currently 86% of the world’s toys are manufactured in China. Most of the rest of the world’s toys are manufactured in other Asian countries, with only low volumes of products manufactured in Europe and the USA. The toy market is divided up into a variety of sectors, by children’s age range and the type of toy. There are different sectors with toys aimed for babies under one year old; children aged 1 to 3 years and pre-school children of 3 to 5 years. There is a further sector for children of school age of 5 years and upwards. Additionally the toy market is broken down into categories of toys. Research has shown that children aged 2 to 4 years old receive the most toys in quantity but that the most money is spent on toys for the 6 to 8 year age group. Toys sold in the market to those children aged between 9 and 11 tend to be more sophisticated. Some of these games need access to the Internet and most involve more complex programming. The other feature of this age group is that the ‘buyer’ tends to switch to the child from the parent. That is not to say that the child pays the money, more that the child drives the buying decision, always subject to the budget and...
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...teaching purposes.  T4- Part B – Case Study Jot – toy case – March 2012 REPORT To: Jon Grun, Managing Director, Jot From: Management Accountant Date: 28 February 2012 Review of issues facing Jot Contents 1.0 Introduction 2.0 Terms of reference 3.0 Prioritisation of the issues facing Jot 4.0 Discussion of the issues facing Jot 5.0 Ethical issues and recommendations on ethical issues 6.0 Recommendations 7.0 Conclusions Appendices Appendix 1 Appendix 2 Appendix 3 Appendix 4 Appendix 5 Appendix 6 Appendix 7 SWOT analysis PEST analysis Selection of new outsourced manufacturer for products YY and ZZ VP “own brand” proposal Inventory valuation Calculations for outsourced manufacturers P and Q for licensed action figures Email on the key criteria for the selection of outsourced manufacturers 1.0 Introduction Jot is a small unlisted company which designs and outsources the manufacture of a range of children’s toys. It has grown rapidly since it was established in 1998. It is currently experiencing manufacturing problems due to an earthquake affecting 2 of its outsourced manufacturers and also quality problems with another outsourced manufacturer. The quality of the company’s products, upon which its reputation is based, must not be compromised. The Jot brand name is known for quality toys but it is important that its products appeal to cost- conscious retailers and price sensitive customers. Jot can use the cost-leadership strategy...
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...teaching purposes. T4 - Part B – Case Study Jot – t oy c ase – Ma rch 2012 REPORT To: Jon Grun, Managing Director, Jot From: Management Accountant Date: 28 February 2012 Review of issues facing Jot Contents 1.0 Introduction 2.0 Terms of reference 3.0 Prioritisation of the issues facing Jot 4.0 Discussion of the issues facing Jot 5.0 Ethical issues and recommendations on ethical issues 6.0 Recommendations 7.0 Conclusions Appendices Appendix 1 SWOT analysis Appendix 2 PEST analysis Appendix 3 Selection of new outsourced manufacturer for products YY and ZZ Appendix 4 VP “own brand” proposal Appendix 5 I nventory valua tion Appendix 6 Calculations for outsourced manufacturers P and Q for licensed action figures Appendix 7 Email on the key c riteria for the selection of outsourced manufacture r s 1.0 Introduction Jot is a small unlisted company which designs and outsources the manufacture of a range of children’s toys. It has grown rapidly since it was established in 1998. It is currently experiencing manufacturing problems due to an earthquake affecting 2 of its outsourced manufacturers and also quality problems with another outsourced manufacturer . The quality of the company’s products, upon which its reputation is based, must not be compromised. The Jot brand name is known for quality toys but it is important that its products appeal to cost - conscious retailers and price sensitive customers. Jot can use the cost - leadership...
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...It is more detailed for teaching purposes. T4- Part B – Case Study Jot – toy case – March 2012 REPORT To: Jon Grun, Managing Director, Jot From: Management Accountant Date: 28 February 2012 Review of issues facing Jot Contents 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Introduction Terms of reference Prioritisation of the issues facing Jot Discussion of the issues facing Jot Ethical issues and recommendations on ethical issues Recommendations Conclusions Appendices Appendix 1 Appendix 2 Appendix 3 Appendix 4 Appendix 5 Appendix 6 Appendix 7 SWOT analysis PEST analysis Selection of new outsourced manufacturer for products YY and ZZ VP “own brand” proposal Inventory valuation Calculations for outsourced manufacturers P and Q for licensed action figures Email on the key criteria for the selection of outsourced manufacturers 1.0 Introduction Jot is a small unlisted company which designs and outsources the manufacture of a range of children’s toys. It has grown rapidly since it was established in 1998. It is currently experiencing manufacturing problems due to an earthquake affecting 2 of its outsourced manufacturers and also quality problems with another outsourced manufacturer. The quality of the company’s products, upon which its reputation is based, must not be compromised. The Jot brand name is known for quality toys but it is important that its products appeal to costconscious retailers and price sensitive customers. Jot can use the cost-leadership strategy, using Porter’s generic...
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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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...Chapter 3 Influences in the Business Environment Personal use only Businesses operate in a dynamic, often turbulent, environment. The business environment refers to anything that affects the operation of a business. Farmers have understood the impact of the environment for centuries. The farmer has no control over aspects of the environment The business such as drought. However, the farmer can prepare for possible adversity in the environment and environment refers to quickly adapt to those changes. Effective managers are constantly monitoring the business environment to pick up any change that may impact on their business. If they pick up a change quickly and respond before their competitors, it may lead to a significant advantage to their business. This is what happened when Woolworths’ managers picked up the trend to the healthy life style before the managers of Coles. The Woolworths’ managers immediately responded by developing a focus on fresh produce, delicatessens, bakeries and dairy. Customers responded by leaving Coles and shopping at Woolworths. Now that Wesfarmers Limited has purchased Coles its managers are quickly implementing strategies to regain their competitive advantage. anything that affects the operation of the business 55 HomeThink Draw the Woolworths’ logo. What does it represent? Is it effective? 3.1 External influences The external influences from the business environment are those outside the control of a business’s managers. The...
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