...FILMORE FURNITURE LTD Filmore Furniture Ltd. manufactures colonial maple furniture. The company was incorporated in 1970 by Fred Filmore, who had been the sole proprietor prior to that. In 1983, Fred Filmore retired and sold his business to his only son Phil, age 38, for a small sum. That year, annual sales totalled $1,300,000. Phil Filmore was an aggressive manager and strategist. He modernized the plant, introduced new product designs and accessories such as mirrors and lamps, and implemented new marketing strategies and merchandising ideas. These innovations were quite successful, and helped the company to establish a good reputation in the furniture industry. From 1983 to 1993, sales income increased to $5,100,000, and the company had 58 full-time employees on the payroll. While sales grew quite strongly, the highly competitive nature of the furniture business held profits to relatively low levels. In 1998, the company's after-tax profit amounted to $204,000, or 4.0 percent of sales income, which was very close to the industry average. Phil Filmore was clearly in charge of the key activities of the business, including all of the strategic decisions mentioned earlier. The company employed five sales representatives who called upon the smaller accounts, but Phil personally handled the responsibility of calling on the major accounts. Of particular importance were the company's relationships with major chain stores that Phil had developed in the years after he took...
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...FILMORE FURNITURE LTD Filmore Furniture Ltd. manufactures colonial maple furniture. The company was incorporated in 1970 by Fred Filmore, who had been the sole proprietor prior to that. In 1983, Fred Filmore retired and sold his business to his only son Phil, age 38, for a small sum. That year, annual sales totalled $1,300,000. Phil Filmore was an aggressive manager and strategist. He modernized the plant, introduced new product designs and accessories such as mirrors and lamps, and implemented new marketing strategies and merchandising ideas. These innovations were quite successful, and helped the company to establish a good reputation in the furniture industry. From 1983 to 1993, sales income increased to $5,100,000, and the company had 58 full-time employees on the payroll. While sales grew quite strongly, the highly competitive nature of the furniture business held profits to relatively low levels. In 1998, the company's after-tax profit amounted to $204,000, or 4.0 percent of sales income, which was very close to the industry average. Phil Filmore was clearly in charge of the key activities of the business, including all of the strategic decisions mentioned earlier. The company employed five sales representatives who called upon the smaller accounts, but Phil personally handled the responsibility of calling on the major accounts. Of particular importance were the company's relationships with major chain stores that Phil had developed in the years after he took...
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...Sheridan College | Filmore Furniture Ltd. | Case Study Analysis | | Instructor R. MichaudOctober 1,2014 ByCassandra KaslerAbdul QadirMuhammad Jamal | | Summary Fred Filmore incorporated Filmore Furniture Ltd. in 1970 as a sole proprietor. The company designs, manufactures, and wholesales colonial maple furniture to small retail stores and major chain stores. In 1983 Phil Filmore, Fred’s son purchased the company from his father who was going into retirement. He developed the company through modernizing the plant, as well as introducing assertive management skills, new marketing strategies, and merchandising concepts. This generated $3.8 million in increased sales income within a ten year time period and enhanced the reputation of the company. However its profits and cash flow could not meet the expense of paying for the modernization, which resulted in 31% of the company shares being sold to 5 local investors. Phil Filmore pass away in a car accident in 1999, leaving his debts, and 63% of the company’s shares, to his wife Lucinda who was a house wife with little to no experience and knowledge of how to run a business. Problem Statement Lucinda Filmore has to decide what to now do with the company her husband has left behind for her. She has two children to raise, is unemployed with minimal skills and has a high standard of living. She needs to decide what to do with the company that will help her be freed from the debit left behind, in addition to sustaining...
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...Assignment 5: Filmore Case Due Date: February 02, 2013 Submitted by: Summary: Fred Filmore established Filmore Furniture Ltd. in 1970, this particular company designs, manufactures, and sells colonial maple furniture to small retail stores and major chain stores. In 1983 Phil Filmore took ownership of this company and further enhanced it through modernizing the plant, as well as introducing aggressive management skills, new marketing strategies, and merchandising ideas, causing an increase of $3.8 million in sales income within a ten year time frame. The business was very successful, however its profits and cash flow was not adequate to afford paying for modernization programs, which resulted in selling 31% of the company shares to 5 investors. In 1999, Phil Filmore died in a car accident leaving his debt, and 63% of the company’s shares, to his wife Lucinda, who faced with 3 decisions: to retain the ownership of the company, merge with another company within the industry or simply sell it. Statement of Problem & Objective: Mrs. Filmore has to make a decision regarding this company that will release her from the entire debit left behind, as well as maintaining her financial needs and high quality standard of living. To achieve this, Mrs. Filmore has to choose 1 of the following options: * to retain the ownership of the company, * merge with another company within the industry * Sell it. SWOT: Strengths * Modernized manufacturing facilities...
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...employ dead celebrities was Diet Coke back in 1991. The TV commercial was staged in a hot nightclub, with Elton John leading the band. Humphrey Bogart, James Cagney and Louis Armstrong were all incorporated using old movie and TV clips - and the technique opened the doors to a whole new casting conversation. This week on Under The Influence, we look at Marketing Dead Celebrities. It's become a $2 billion dollar industry. The marketing of dead celebrities not only attracts lots of big brands, but lots of controversy. We'll trace the use of dead celebrities in advertising, we'll analyze "Dead Q Scores," we'll list the top-grossing dead celebrities, we'll tell some fascinating stories about ads that featured Audrey Hepburn, Michael Jackson, Fred Astaire, Kurt Cobain and Marilyn Monroe - and how their families felt about those commercials. Hope you join us. It's a brave new world, now that nobody's dead anymore. Twenty-six miles from Palm Springs, in Indio, California, a large event is staged every year. It's called the Coachella Valley Music and Arts Festival. Started in 1999, it's a big two-weekend gathering that draws over 80,000 people a day. Nearly 180 musical acts perform, and while the festival has hosted big acts like Paul McCartney, Madonna and Foo Fighters, it's also an important showcase for emerging artists. Over the years, the festival has had many stand-out performances. But none was more famous than one particular event that occurred last year. ...
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...An altercation between Fred Casely and Roxie leads to Fred Casely being killed. Roxie meets Fred Casely, her furniture salesman who convinces her he can make her career take off but Roxie has already been through the “casting couch treatment” where she grants sexual favors for directors in return to advance her acting and singing career. He already promised her a big break at the Onyx Club, but he would say anything to make Roxie believe he had these connections to just get sex. Since Roxie was already fame hungry, going around singing in Chicago for some time now. She had been searching high and low in hope to get her lucky break. When Fred admits she really has no talent that makes her more angry because he had lied to her and got her hopes up. You can tell when she starts pacing around the room outraged and says, “Nobody walks on me” and reaches in her drawer for the gun and shoots Fred with no remorse. She ends up killing Fred Casley out of anger when she is...
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...Air Taxi – Case Study The business plan will be structured as follows: 1.- Cover Page 2.- Executive summary. 2.- Business overview. 3.- Management: Information of the entrepreneurs and the management structure 4.- Description of the business. 5.- Market analysis that will include the industry description and outlook, information about the target market, unique characteristics, size of the market, market share, pricing and gross margin targets and competitive analysis. 6.- The organizational structure and ownership information. 7.- The description of the service Air Taxi will offer. 8.- An overall marketing strategy (marketing penetration, growth strategy, communication strategy) and general sales strategy (sales force strategy and sales activities). 9.- Funding request (including the amount of money needed, how the funds would be used, the period time that each request would cover, the type of funding). 10.- Financial projections. 11. Appendix and supporting documentation Air Taxi will offer a web-based reservation tool that will examine thousands of available private aircraft for the best match to the traveler’s itinerary and desired aircraft size. The customers will include major corporations, investment banking firms, the U.S. government, affluent individuals and small business that may use jet aircraft, as they seek flexibility, information security, travel expenses management and reporting, and often booking at a short notice besides cost efficiency in...
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...SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Jun 30, 2015 - Aug 03, 2015 Faculty Information Name : Email Address : Phone Number : HERB SPALLA (PRIMARY) See Policies Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Academic Resources • Web Links Instructions Review the Web Links. SupportingMaterial Web Links • Interactive World Map Link Instructions Review the Interactive World Map Link. SupportingMaterial Interactive World Map Link • Text Citation Information for Electronic Readings Instructions Review the Text Citation Information for Electronic Readings. SupportingMaterial Text Citation Information for Electronic Readings ...
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...Chapter 2 The Business Vision & Mission Strategic Management: Concepts & Cases 13th Edition Fred David Ch 2 -1 Ch 2 -2 Vision Vision Agreement on the basic vision for which the firm strives to achieve in the long term is especially important. “What do we want to become?” Ch 2 -3 Ch 2 -4 Vision Statement Examples Vision Statement Examples PepsiCo’s responsibility is to continually improve all aspects of the world in which we operate – environment, social, economic – creating a better tomorrow than today. Dell’s vision is to create a company culture where environmental excellence is second nature. Ch 2 -5 Ch 2 -6 1 Vision Mission Statement Clear Business Vision Answers the question: “What is our business?” Comprehensive Mission Statement Reveals: what the organization wants to be whom we want to serve Ch 2 -8 Ch 2 -7 Mission Statement Mission Statements are also called An enduring statement of purpose that distinguishes one organization from other similar enterprises A declaration of an organization’s “reason for being” Creed statement Statement of purpose Statement of philosophy Statement of beliefs Statement of business principles A statement “defining our business” Ch 2 -10 Ch 2 -9 Mission Statement Examples We aspire to make PepsiCo the world’s premier consumer products company, focused on convenient foods and beverages. We seek to produce healthy...
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...(e.g., data, ideas, charts, etc.) and used this material to support this document. Student’s Signature: ABSTRACT Have you ever thought about all the planning that goes into coming up with a strategic plan for going global? Today we are in the are the beginning stages of a project for Able Corporation, which will eventually yield and go global in six months or more. In this paper I will be answering several questions that will lead to the completion of a business plan for Able Corporations strategic initiative to penetrate the global marketplace. INTRODUCTION Today we are looking at Able Corporation who is a very successful US manufacturing company located in state Tennessee, that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. At the current time all Able’s products are manufactured locally and sold through large retail chains like Sears, Best Buy, and Wal-Mart. Their promotions and advertising of its products is done primarily through sale papers inserted in every Wednesday and Sunday newspaper. So far this methodology has worked for Able Corporation as the business is doing well and surviving the economic downfall, but now Able Corporation wants to spread its wings and break into the global marketplace. In order to assist Able Corporation with its big plans of going global we must put together a complete business plan for Able's strategic initiative to...
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...AUTOBIOGRAPHY OF HERBERT HENRY SCHMIDT This is an autobiography of Herb Schmidt as told to Rhonda Schmidt in July of 2011. Herb was 93 years old at the time and his memory of past events was crystal clear. November 24, 1917, I was born in West Alton, Missouri to George Schmidt and Mary Smith Stormer. I was the sixth of eight kids: Bertha, Bill, Frank, Charlie, George, me, Albert and Ed. It was so cold in 1917 that my Mom could not give me a bath for 9 days. [pic] (George & Mary Schmidt, Bertha, Charlie, Bill, Frank, Albert, Herb, George, Ed) [pic] (This photo taken in July of 2011. This is all that remains of the Schmidt Homeplace on Red School Road in West Alton, Missouri. Herb was 93 at the time this photo was taken.) I went to the Red School. I had to walk one mile to school. It was one big room and we had up to 35 kids with only one teacher. There were eight grades. Grades 1 thru 4 were taught every year, but grades 5, 6, 7, and 8 were taught every other year; like if 5th was taught this year then 6th would be taught the next year and the same with grades 7 and 8. The brighter kids helped the slower kids. Albert always needed help. I don’t think he graduated. I took an exam on Health and the teacher did not know how to record it because I got 100%. The year I graduated there were 4 kids who graduated from 8th grade. Because...
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...repudiates. At a subsequent trial for damages, which portions of the sale (i.e., the cart, the inventory, the license) will be governed by Article 2? 3. The answer depends on the local case law. By 2-102, Article 2 “applies to transactions in goods.” 2-105(1) defines “goods” as “all things...which are movable at the time of identification to the contract.” 2-501(1)(a) defines “identification” as occurring “when the contract is made if it is for the sale of goods already existing and identified.” Here, the “goods” are the cart and the inventory, but not the license. The license is an intangible. And since the goods were in existence at the time of contract formation, they have been identified to the contract, and movable at the time of identification to the contract. Some courts will use the “primary purpose” test to determine whether the entire contract is governed by Article 2. Here, the intent of the parties appears to be more than the sale of goods because the hot dog cart and the hot dogs themselves are worthless without the license to sell them in the lucrative location. In such a case, the sale of the cart and inventory would be viewed as “incidental” to the sale of the intangibles. However, other courts have broken the transaction down into component parts. In that case, Article 2...
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...Page 1 of 27 Page 2 of 27 1. Executive Summary When Amazon.com started its business operations on 16-07-1995, with a few employees packing & shipping boxes of books from a two-car garage in Bellevue, Wash. The company's founder and CEO, Mr. Jeff Bezos used some of his time on the road to write the company's business plan when he was leaving N.Y. City for the Pacific Northwest. On its 15th-anniversary in 2010, Amazon is truly proud to be one of the world largest online retailers, selling everything from musical instruments and sports equipment to household appliances and apparels (Kayla, W. 2010). In our coursework group assignment, we are tasked to study and analyse the strategic management issues of Amazon.com. The case study will base on fourth quarter of 2007 as a current year. We will be evaluating the company's external and internal environments, how the company emerge into the industry by means of its strategies management in dealing with economic, technology & distribution issues and competition. We will also look at the company's vision & mission and it relate to the expansion of its product lines and reach, to increase its revenue and market share, and to understand and consider their possible near-term and long-term objectives that the organization could pursue. Lastly but not least, to out up recommendation for Amazon and conclude it with our learning experiences on BPS module. Page 3 of 27 2. Company Overview Amazon was founded by Mr. Jeff Bezos in 1994...
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...CHAPTER 8 Evaluating and Terminating the Project We now come to the final stage in any project—evaluating the result and shutting down the project. As we will see, there are many ways to do both, some relatively formal, some quick and dirty, and some rather casual. We discuss evaluation first, in the generic sense, and then discuss a very specific and often formal type of evaluation known as the project audit. Following this we discuss termination of the project. 8.1 EVALUATION The term “evaluate” means to set the value of or appraise. A project evaluation appraises the progress and performance relative to the project’s initial or revised plan. The evaluation also appraises the project against the goals and objectives set for it during the selection process—amended, of course, by any changes in the goals and objectives made during the project’s life. In addition, evaluations are sometimes made relative to other similar projects. The project evaluation, however, should not be limited simply to an afterthe-fact analysis. Rather, it is useful to conduct an evaluation at a number of crucial points during the project life cycle. Because the primary purpose of a project evaluation is to give feedback to senior management for decision and control purposes, it is important for the evaluation to have credibility in the eyes of both senior management and the project team. The control purpose of evaluation is meant to improve the process of carrying out projects....
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...River Rafting Location, Evaluation, and Analysis Lynn Lee, Gail Rickey, Brenda Wilson-Stringer ACC/543 Managerial Accounting & Legal Aspects of Business February 10, 2014 Fred Johnston River Rafting Location, Evaluation, and Analysis White water rafting has exploded into an adventure sport in the last 10 years. This explosion has broadened the business market for rafting companies in Florida, Kentucky, and California. In order to open, a new rafting business research must be conducted on the legal ramifications pertinent to the area. The direct concern are the legal aspects of real property, personal property, business insurance, and environmental issues and regulations. Evaluate the Legal Aspects of Acquiring, Holding, and Disposing of Real Property The River-Rafting Business is real property, which consist of a riverbed, and banks that are state property. It is considered public property if the river is physically navigable. Public property does not abide by the rules of real property. Cheeseman (2007) stated, “Real property is immovable or attached to immovable land or buildings, whereas personal property is movable” (p. 755). Real property plays an important role in the United States (U. S.) economy of property and ownership rights. The real property concept is concerned with the legal rights of property as opposed to the physical attributes of tangible land. Real property consisted of items of personal property...
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