...years, Davidson had been building canoes for himself, using them, and then selling them for marginal profits once he was finished with them. When he decided he was going to purchase a canoe, he was shocked by the expensive prices for poor quality boats. Davidson saw an opportunity to build handcrafted cedar canoes, which he would sell for a premium. When Davidson decided he was going to pursue this business, he enrolled in a 12-week business program at the Entrepreneurial Manufacturing Generator (EMG) in St. Thomas Ontario. In August 1998, Davidson was opening up the Catfish Creek Canoe Company (CCC). He was going to specialize in manufacturing and selling 16-foot Peterborough canoes. Problem Statement: Market the Peterborough canoe in a proper location with an appropriate selling price. Symptoms Steve Davidson is going to experience many different situations while starting up Catfish Creek Canoe Company. He is planning to produce 30 canoes in the first year and average one canoe every ten days which would leave a 65 day buffer period; although, it will take him almost 12 days to produce his first canoes. An experienced craftsman can only make 25 to 30 canoes per year, so if requests increase, Davidson will have to hire more employees to insist him with the demand. The canoe industry is also seasonable; people will not be shopping for canoes in the middle of winter, especially in his target market area of Ontario, Canada. During the cold seasons, Davidson...
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...Case Study Assignment: Catfish Creek Canoe Company October 2015 Question 1 – Catfish’s Target Market Profile • Davidson is relying on scooping up “thousands of prospective clients” pulled from the Internet alone • There could be countless potential clients responding to the “Buyers Markets” section of the most popular canoeing magazines • He wants to sell to “professionals with above-average income” but he doesn’t specify which professionals and what constitutes a high income • Davidson is very vague with respect to his target market and assumes he’ll have clients from online and print sources • He did not include an estimate of the size of his market segment • He has not narrowed his target into a segment of potential clients, who, for example, could be: o Males 50 – 75 o Cottagers o Retired o Hobby Fishers o Remote Camp Owners o Gun and Bow Hunters o Living in the Muskokas Question 2 – Adequate Research? • Not only has Davidson underestimated his competition, he has relied on Statistics Canada information almost exclusively • He has also made some awkward assumptions that I think would be fatal: o After his “sticker shock” episode, he assumed he could sell his “handcrafted” canoes at a premium without first understanding whether specific market prospects existed or could be tapped into o He assumed that he could build canoes “relatively easy” since he had completed three in the last ten years and sold for a “marginal profit” o He had also...
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...Week 10 Case Study - Group J Catfish Creek Canoe Company Problem/Analysis: Issues From the case’s description of Steve Davidson’s plans and goals, he is trying to accomplish opening a canoe manufacturing shop that will produce 30 handcrafted, high-quality canoes per year; advertise with a Web site, magazine ads and press releases; and retail at a premium, yet at a competitive price which will maximize his profits. However, it is poorly mentioned how he plans on achieving some of these accomplishments. Using a Web site or the Internet to reach out to customers is a very effective and cost-efficient technique to promote the product, although Davidson might not have considered the costs associated with magazine ads that might not be worthwhile. Davidson also seems to not have made any analyses or decisions regarding his canoe pricing, only listing the criteria the pricing should meet. He should have a deeper understanding of factors such as costs, demand and competition. Has also mentioned that he has not yet calculated sales projections or breakeven points, which is something that certainly needs to be analyzed for this case. An additional issue that may have been overlooked is the ability for a recreation business such as a canoe shop to survive when exposed to a recessed economy. As mentioned in the case, it is not common for a canoe company to survive a recession due to the decreased need for recreational products. A good strategy for Davidson would be to prepare a plan...
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...The Adventures of Huckleberry Finn By Mark Twain Download free eBooks of classic literature, books and novels at Planet eBook. Subscribe to our free eBooks blog and email newsletter. NOTICE P ERSONS attempting to find a motive in this narra- tive will be prosecuted; persons attempting to find a moral in it will be banished; persons attempting to find a plot in it will be shot. BY ORDER OF THE AUTHOR, Per G.G., Chief of Ordnance. The Adventures of Huckleberry Finn EXPLANATORY I N this book a number of dialects are used, to wit: the Missouri negro dialect; the extremest form of the backwoods Southwestern dialect; the ordinary ‘Pike County’ dialect; and four modified varieties of this last. The shadings have not been done in a hap- hazard fashion, or by guesswork; but painstakingly, and with the trustworthy guidance and support of personal familiarity with these several forms of speech. I make this explanation for the reason that without it many readers would suppose that all these characters were trying to talk alike and not succeeding. THE AUTHOR. Free eBooks at Planet eBook.com The Adventures of Huckleberry Finn Scene: The Mississippi Valley Time: Forty to fifty years ago The Adventures of Huckleberry Finn Chapter I Y OU don’t know about me without you have read a book by the name of The Adventures of Tom Sawyer; but that ain’t no matter. That book was made by Mr. Mark Twain, and he told...
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...500 extraordinary islands G R E E N L A N D Beaufort Sea Baffin Bay vi Da i tra sS t a nm De it Stra rk Hudson Bay Gulf of Alaska Vancouver Portland C A N A D A Calgary Winnipeg Newfoundland Quebec Minneapolis UNITED STATES San Francisco Los Angeles San Diego Phoenix Dallas Ottawa Montreal ChicagoDetroitToronto Boston New York OF AMERICA Philadelphia Washington DC St. Louis Atlanta New Orleans Houston Monterrey NORTH AT L A N T I C OCEAN MEXICO Guadalajara Mexico City Gulf of Mexico Miami Havana CUBA GUATEMALA HONDURAS b e a n Sea EL SALVADOR NICARAGUA Managua BAHAMAS DOMINICAN REPUBLIC JAMAICA San Juan HAITI BELIZE C a r PUERTO RICO ib TRINIDAD & Caracas N TOBAGO A COSTA RICA IA M PANAMA VENEZUELA UYANRINA H GU C U G Medellín A PAC I F I C OCEAN Galapagos Islands COLOMBIA ECUADOR Bogotá Cali S FR EN Belém Recife Lima BR A Z I L PERU La Paz Brasélia Salvador Belo Horizonte Rio de Janeiro ~ Sao Paulo BOLIVIA PARAGUAY CHILE Cordoba Santiago Pôrto Alegre URUGUAY Montevideo Buenos Aires ARGENTINA FALKLAND/MALVINAS ISLANDS South Georgia extraordinary islands 1st Edition 500 By Julie Duchaine, Holly Hughes, Alexis Lipsitz Flippin, and Sylvie Murphy Contents Chapter 1 Beachcomber Islands . . . . . . . . . . . . . . . 1 Aquatic Playgrounds 2 Island Hopping the Turks & Caicos: Barefoot Luxury 12 Life’s a Beach 14 Unvarnished & Unspoiled 21 Sailing...
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