Premium Essay

Case Study, Stage 1: Business Environment Analysis

In:

Submitted By sloresch
Words 705
Pages 3
Case Study, Stage 1: Business Environment Analysis
IFSM 300
Instructor: Walter L Blount
31 March 2013

The health and fitness industry is growing at a remarkable rate in spite of the turbulent economy. According to a 2011 IBISWorld study, revenue for the health and fitness industry is expected to rise 2.6 percent each year to annual earnings of $28.2 billion by 2016. Combine that with growing concerns about obesity and associated health issues and there has never been a better time to own a fitness facility. Most gyms offer a variety of services to address the needs and convenience of the customers but UR UMUC Healthy Fitness Center will seek to differentiate itself from its competition by introducing a new business model that revolves around attracting young, affluent customers. We will provide outstanding service, invest heavily in the newest technology to enhance the client experience, keep the center spotlessly clean and well maintained, and enhance the aging facility with up-to-date equipment and innovative and imaginative programs.
Porter’s Five Forces Analysis
Buyer Power: Buyer power is high because customers have many different fitness products and facilities to choose from and typically choose a gym based on individualized needs. Customers can have a positive impact on the business. Attracting and retaining them will be the most important part of the new business strategy.
Supplier Power: Supplier power is high since the fitness center will be changing its strategy to focus on elite clientele. Procuring only the best products available will be a key part of the new business strategy and will have a positive impact on the business.
Threat of Substitute Products or Services: The threat of substitute products is high from many fitness alternatives including Cable TV and Internet Exercise channels and sites, Wii and other gaming consoles, various

Similar Documents

Premium Essay

Isfm 300 Case Study, Stage 1 Business Environment Analysis

...ISFM 300 Case Study, Stage 1 Business Environment Analysis Click Link Below To Buy: http://hwaid.com/shop/isfm-300-case-study-stage-1-business-environment-analysis/ Before you begin this assignment, be sure you have read the “UMUC Haircuts Case Study” and be sure to take a look at the “Walmart Example.” Overview of Business Environment Analysis for UMUC Haircuts UMUC Haircuts has been in business since 1995 and has seen an increase in competition from a variety of competitors, as described in the Case Study. With the news that a Hair Cuttery is likely to open only five miles away, Myra, the owner of UMUC Haircuts, is concerned and has begun analyzing her situation and what could be done to remain competitive in this changing environment. She has recognized that scheduling her employees and her customers is causing her problems, and she thinks she should focus on that first, as it is fundamental to her business. Myra also believes that there must be a technology solution that could help her run her salon, but she has no idea where to start. You are a Systems Analyst, and Myra has asked you to help her with determining how she can improve her business. Myra has requested, specifically, that youverify and provide added support to her own analysis that has resulted in the identification of a Strategy for Competitive Advantage and a Business Process for Improvement. This will be the basis for defining business and systems requirements for an IT solution.This Strategy...

Words: 2447 - Pages: 10

Free Essay

Ifsm 300 All Assignments with Final Exam

...SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Activity mode aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Activity mode aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: http://www.activitymode.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: SUPPORT@ACTIVITYMODE.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13...

Words: 687 - Pages: 3

Free Essay

Ifsm 300 All Assignments with Final Exam

...at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Course Home Work aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: https://coursehomework.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13 points) 4. IT solution and next steps (14 points) Final Exam Course Home Work aims to provide quality study notes and tutorials to the students of IFSM 300 All Assignments with Final Exam in order to ace their studies. IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM To purchase this visit following link: https://coursehomework.com/product/ifsm-300-all-assignments-with-final-exam/ Contact us at: HELP@COURSEHOMEWORK.COM IFSM 300 ALL ASSIGNMENTS WITH FINAL EXAM Case Study (4 stages) 1. Business environment analysis (13 points) 2. Process analysis and functional requirements (13 points) 3. IT requirements (13...

Words: 687 - Pages: 3

Premium Essay

System Analysis

...solution of many types of problems. When this involves the development of information system solutions to business problems, it is called information systems development or application development. Most computer-based information systems are conceived, designed, and implemented using some form of systematic development process. In this process, end users and information specialists design information systems based on an analysis of the information requirements of an organization. Thus, a major part of this process is known as systems analysis and design. When the systems approach is applied to the development of information system solutions, a multistep process or cycle emerges. This is frequently called the information systems development cycle, also known as the systems development life cycle (SDLC). Steps involved and products produced in the traditional information systems development cycle: 1. Systems investigation - Product: Feasibility Study 2. Systems analysis - Product: Functional Requirements 3. Systems design - Product: Systems Specifications 4. Systems implementation - Product: Operational System 5. Systems maintenance - Product: Improved System 1. All the activities involved are highly related and interdependent. 2. Several developmental activities can occur at the same time. 3. Different parts of a development project can be at different stages of the development cycle. 4. Analysts may recycle back at any time to repeat previous activities in order...

Words: 2490 - Pages: 10

Premium Essay

Term

...this assignment, be sure you: 1. Have completed all previously assigned readings, particularly those assigned in Weeks 3 and 4 of the class. 2. Re-read the “UMUC Haircuts Case Study" and the Stage 1, 2 & 3 assignments, and review the “Walmart Example.” 3. Purpose of this Assignment This assignment gives you the opportunity to apply the concepts of this course to address the selection, planning, development, implementation and on-going management of a technology solution for the UMUC Haircuts business. This assignment specifically addresses the following course outcome to enable you to: * identify and plan IT solutions that meet business objectives Purpose of this Assignment This assignment gives you the opportunity to apply the concepts of this course to address the selection, planning, development, implementation and on-going management of a technology solution for the UMUC Haircuts business. This assignment specifically addresses the following course outcome to enable you to: * identify and plan IT solutions that meet business objectives Review Instructor feedback from previous assignment submissions. Overview of IT Solution and Next Steps for UMUC Haircuts For your Case Study Stage 1 assignment, you performed a Five Forces Analysis and justified Myra's chosen generic strategy for competitive advantage and the business process that she would like to improve through the application of technology. For your Stage 2 assignment, you identified the...

Words: 2529 - Pages: 11

Premium Essay

The Business Research Process

...The Business Research Process Kelly Van Fossen Business Research / RES351 December 9, 2013 Marcus Sherrill The Business Research Process The business research process is a sequential process involving several clearly defined steps. This paper will illustrate how the process is implemented in a business environment using a real-life example. The business research process involves six stages that include clarifying the research question, research proposal, research design strategy, data collection and preparation, data analysis and interpretation, and research reporting (O’Neil, V.J). The real-life model that will be used for this paper is the case study of evaluating storytelling as a method for training at Wisconsin Electric-Wisconsin Gas Company (O’Neil, V.J.). The theory of storytelling as a method for training versus field training is the motivation for performing the research. They identified the research question (stage 1) as “Is storytelling an effective method for training Wisconsin Electric-Wisconsin Gas?” (O’Neil, V.J.). The research proposal (stage 2) was skipped in this case study. The research design strategy (stage 3) was “to determine the effectiveness of storytelling” (O’Neil, V.J.) in the case study. They used Donald Kirkpatrick’s Four Levels of Evaluation where they identified four primary questions to guide the research. These questions included participant reaction, what was learned from the technical and leadership lessons, was the behavior transferred...

Words: 429 - Pages: 2

Premium Essay

Analysis

...Group  1                                                                                                                                                                                                                                                 University of Gävle Department of Business Administration Course: Comparative Management Culture Names: Group 1- Islam Ariful, Melinda Folmerz, Kamrul Hasan, Thomaidou Alexia Examiner: Dr. Maria Fregidou-Malama Paper type: Assignment 3: Article Analysis Semester: Autumn 2014 (HT14) Group  1   INTRODUCTION The article that we choose to analyze has to do with the trust developed in business to business relationship. The title is “Trust formation in cross-cultural business-tobusiness relationships” and it is written by Heffernan Troy. It is published by the Emerald Group Publishing Limited and it comes from Qualitative Market Research: An International Journal, Volume 7 · Number 2 · 2004 · pp. 114-125. The aim of the article is to show the factors that contribute in the process of building trust in the relationship lifecycle. BACKGROUND Relationships...

Words: 1912 - Pages: 8

Premium Essay

Communication

...: 1. Definition of Research 2. Business Research 3. Features of a Good Research Study 4. Areas of Business Research 5. How to start Business Research 6. Business Research Analysis : Basic Steps 7. Business Research Problem 8. Primary Business Information 9. Research Proposal ( also in Unit2) 10. Research Methods versus Methodology 11. Types of Research 12. Functions of Business Research 13. Relevance of Business Research to Managers 14. Need to perform Business Research 15. Managerial Effectiveness and Research 16. Management Consultant 17. The Building Blocks of Science in Research 18. Induction & Deduction in Business Research 19. The Case Study as a Research Method 20. Case Study to Assess Business Situations 21. Difference between the case method and a case study? 22. Business Research Topics 23. Business Research in the 21st Century Definition of Research Research in common parlance refers to a search for knowledge. Once can also define research as a scientific and systematic search for pertinent information on a specific topic. In fact, research is an art of scientific investigation. The Advanced Learner’s Dictionary of Current English lays down the meaning of research as “a careful investigation or inquiry specially through search for new facts in any branch of knowledge.”1 Redman and Mory define research as a “systematized...

Words: 21920 - Pages: 88

Premium Essay

Negotiation Skills Case Study

...THE BRITISH COMPUTER SOCIETY Case Study of Successful Complex IT Projects AUGUST 2006 Case Study of Successful, Complex IT Projects Table of Contents Executive Summary .......................................................................................................3 Introduction....................................................................................................................5 Background to the study ............................................................................................5 The complexity of IT projects....................................................................................6 Part I: Research Methodology .....................................................................................11 Part II: Case Description..............................................................................................14 eCourier company background ................................................................................14 eCourier industry background..................................................................................16 eCourier technological issues ..................................................................................16 LogicaCMG company background..........................................................................17 LogicaCMG industry background ...........................................................................18 LogicaCMG technological issues ...............................

Words: 18415 - Pages: 74

Premium Essay

Why Me

...Curriculum 2015-2016 Contact: Phone: +33 5 61 29 48 64 Fax: +33 5 61 29 48 07 E-mail: aerospace.mba@tbs-education.fr TABLE OF CONTENTS Welcome to the Toulouse Business School Aerospace MBA program 3 The pedagogical philosophy 4 The general structure of the Aerospace MBA 4 Assessment guidelines 7 Team Building Seminar and Leadership Development 10 Core Management 14 Process Workshops 23 Electives 34 Corporate mission project / Professional thesis 35 Academic team 37 Administrative and Management Team 39 Appendix I: Details on Multicultural Team Project 40 Appendix II: Details on Corporate mission project / Professional thesis 41 2 Welcome to the Toulouse Business School Aerospace MBA Program Preamble The Aerospace MBA is a post-experience degree seen as a career accelerator or a means to make a career shift after a minimum of 3 years’ professional experience. This MBA is a generalist degree in business administration with a broadening management program linked to the Aerospace sector and environment. The Aerospace MBA has a minimum length of one year of full-time or 2 years of part time study in the wonderful city of Toulouse. The Aerospace MBA will require a significant amount of classroom study or structured contact. In all, the program requires a minimum of 1800 hours of personal work. This MBA program is intellectually demanding and requires a substantial...

Words: 9085 - Pages: 37

Premium Essay

Syllabous

...Curriculum 2015-2016 Contact: Phone: +33 5 61 29 48 64 Fax: +33 5 61 29 48 07 E-mail: aerospace.mba@tbs-education.fr TABLE OF CONTENTS Welcome to the Toulouse Business School Aerospace MBA program 3 The pedagogical philosophy 4 The general structure of the Aerospace MBA 4 Assessment guidelines 7 Team Building Seminar and Leadership Development 10 Core Management 14 Process Workshops 23 Electives 34 Corporate mission project / Professional thesis 35 Academic team 37 Administrative and Management Team 39 Appendix I: Details on Multicultural Team Project 40 Appendix II: Details on Corporate mission project / Professional thesis 41 2 Welcome to the Toulouse Business School Aerospace MBA Program Preamble The Aerospace MBA is a post-experience degree seen as a career accelerator or a means to make a career shift after a minimum of 3 years’ professional experience. This MBA is a generalist degree in business administration with a broadening management program linked to the Aerospace sector and environment. The Aerospace MBA has a minimum length of one year of full-time or 2 years of part time study in the wonderful city of Toulouse. The Aerospace MBA will require a significant amount of classroom study or structured contact. In all, the program requires a minimum of 1800 hours of personal work. This MBA program is intellectually demanding and requires a substantial...

Words: 9085 - Pages: 37

Premium Essay

Semiotic and E-Business

...1. Introduction Electronic commerce has become an attractive market to the world, and the emerging business opportunities are now becoming a major factor in world economics. Although, investment through e-commerce channels returns high profits, but like many IT systems, it could lead business organizations to a risky situation or failing to deliver expected returns. The main cause of this is the inconsistency between the system design and the desired requirements or for the misunderstanding between IT professionals and business experts. Therefore, to design e-commerce system, a communication pattern is needed either between system developers and business owner, or between customers and the online business system. Moreover, e-commerce system should be adapted with the whole business environment such as business norms and behavior, customer practice, business rules and government policy. However, Semiotic that is ‘the science of signs’ has brought many approaches to facilitate the process of understand signs’ meaning. The approach of organizational semiotic defied the organization as a group of social norms and emphasizes on the people and their role and responsibility in order to merge them when analyzing and designing information system (Stamper et al, 2004). For e-commerce systems, there is a necessity of clear meaning for each symbol, icon and image because almost all transactions done through the web system without human agent involvement. Therefore, semiotic...

Words: 2949 - Pages: 12

Premium Essay

Test

...Cycle (STLC). The different stages in Software Test Life Cycle - Each of these stages have a definite Entry and Exit criteria  , Activities & Deliverables associat In an Ideal world you will not enter the next stage until the exit criteria for the previous stage practically this is not always possible. So for this tutorial , we will focus of activities and delive different stages in STLC. Lets look into them in detail. http://www.guru99.com/software­testing­life­cycle.html 1/12 6/28/2015 Software Testing Life Cycle STLC Requirement Analysis During this phase, test team studies the requirements from a testing point of view to identify requirements. The QA team may interact with various stakeholders (Client, Business Analyst, System Architects etc) to understand the requirements in detail. Requirements could be eith (defining what the software must do) or Non Functional (defining system performance /secur .Automation feasibility for the given testing project is also done in this stage. Activities Identify types of tests to be performed.  Gather details about testing priorities and focus. Prepare Requirement Traceability Matrix (RTM). Identify test environment details where testing is supposed to be carried out.  Automation feasibility analysis (if required). Deliverables RTM Automation feasibility report. (if applicable) Test Planning This phase is also called Test Strategy phase. Typically , in this stage, a Senior QA manager w effort...

Words: 1712 - Pages: 7

Premium Essay

General Motors Like a Rock

...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Business and Management Case of Gm (Non-Market Environment) In: Business and Management Case of Gm (Non-Market Environment) Question 1: Identify and explain the 4l’s based on the case. a. Issues The dispute over the safety of the PICKUP TRUCKS, vehicle safety and defective design Firstly, the root cause is that the GM company has a unreasonable design of their gas tank on the collisions GM C/K pickups, the report shows that this pickups’ gas tank was too close with the bumper, it only 25 centimeters long. This is dangerous because that will cause explosions if there is any strike. A safety design should be place the gas tank on the top of axle or add on a shield between the gas tank and bumper. Further, the report also shows that the gas tank design was used for trucks manufactured between 1979 and 1987, and the fact is GM knows about their design problem but take no measure to fix or recall their cars because that will cause more cost. At the Moseley case happens, there are at least 130 other lawsuits involving the design of the gas tank GM need to faced. So the major issue of this case in this point is that whether the gas tank design and placement were defective and because that explosion case after their pickup was struck on the side by another vehicle. And those assumptions were proved by the GM engineer who is testified that...

Words: 570 - Pages: 3

Premium Essay

Analysis of Service Industry Case

...1. Introduction This paper presents and discusses how an entrepreneur in this ever changing world strives to become an international firm. This case study of an Omani firm Renaissance Services SAOG (hereafter, Services) explains and shows us the growth on international scale of a family owned business. In order to understand the case, several key components were identified, and were analyzed to see its text book validity. Each component is critically analyzed as the case study progresses. 1.1Introduction of the Firm As an entrepreneurial firm in 1996, Services has progressed immensely across the globe. Its chairman and founder Samir Fancy had a crystal clear vision and by disclosing it to every Tom, Dick and Harry of the firm, Services gradually progressed on international level. The firm is primarily an oil and gas industry services company, and is listed on the Muscat Securities Market in Oman. It has an excellent offshore fleet of vessels, and is counted among the world’s top ten in providing global oil and gas industry service. According to its official website (http://www.renaissanceoman.com), Services has over 12,000 employs, operating in over 16 countries. The 2012 revenue of the firm was US$ 0.67 Billion. Apart from this sector, Services also engages in several other services related sectors, such as marine engineering, media communication, and also engages itself in education and training. The firm also engages itself in Corporate Social Responsibility, by...

Words: 1746 - Pages: 7