...the largest retail bakery chain in United Kingdom business which is Greggs PLC. It analyzes the company’s latest performance in defying the economic downturn achieving a very successful term. It considers, using SWOT and PESTEL to analyze the company’s plans for international expansion. It will also discuss Greggs’ Chief executive, Ken McMeikan in managing the company activities and dealing with the company’ stakeholder. I. Introduction Greggs, which is also owns Bakers Oven, is the leading bakery retailer in the UK, with some 1,400 retail outlets throughout the country. It was founded by John Gregg in the 1930s, when he opened a small bakery store in Newcastle. Now, the company is managed by Ken McMeikan, who took charge of the business following Ian Gregg. The company has 1,400 shops around the UK with 19,000 employees and 6 million customers and plans to add 600 new shops in the next few years. This report will analyze Greggs’ situation and its performance as well as their strategy in defining the external environment which has led the company to achieve its success. II. Company’ performance and management style 1. Greggs’ Latest performance Based on its interim results for the 26 weeks ended 27 June 2009 (www.greggs.co.uk), during the economic decline their sales went up to 4.4 per cent to £312 million and the operating profits up to 8.9 per cent to £16.3 million. These figures prove that Greggs are able to survive and make a profit even in the current climate (www...
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...Summary of HH Gregg Case Study The HH Gregg case study was a classic case of a company making a litany of bad business decisions being made more complicated by a culture of procrastination. Unlike the MSCC case study, HH Gregg appeared to have sufficient finances to undertake the Information Technology platform upgrade. Not only did they appear to possess the resources, they also had ample notification regarding when Hewlett Packard (HP) would discontinue support of the older HP 3000 system. A knowledgeable CIO was in place to ensure that the upgrade was being done by someone qualified to handle such an undertaking. Although the CIO, Mr. John Burns had an extensive background with the company and experience with the aging HP 3000 platform, he inexplicably left the company months before the deadline to transition. In no part of the case study did I see senior decision makers give a “drop dead date” to when they would migrate to a new system, or simply make a decision as to what system they would choose. The old CIO conducted countless visits from all of the significant software vendors, but in the end a decision was delayed and not one vendor was chosen. When the new CIO came on board, he was immediately handed a project that had been kicked around in the company for the previous three years. On top of being given such a huge and important task, he was required to make a decision quickly and ensure a smooth transition from the old platform. Based on previous estimates...
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...Introduction to Greggs Brief History Greggs is a well known UK based business that specialises in baking products that are ready to eat in stores. The business is based in Newcastle in England as this is where Greggs was established. Greggs bakery’s was found by John Gregg in 1939 and the first actual Greggs shop was opened in Newcastle in 1952. From then on the bakery has continued to expand in its success which started when John Smith died and his two sons had taken over. They decided to expand Greggs into other areas of the country such as Glasgow, Leeds, London, Kent and Manchester. In 1994 Greggs the bakers completed a takeover of rival bakery, baker’s oven. After this Greggs became the largest bakers shop in the U.K and still continued to rapidly grow. Greggs Today Greggs is a Public Limited Company that is listed on the FTSE 250 in the London Stock Exchange. Currently Greggs has 1,671 shops in the U.K with plans to increase this number and add another 500 more. Due to the growth of Greggs it has become bigger than multinational fast food provider McDonalds in the U.K. Currently there are over 20,000 employees that work for Greggs in the bakery stores to the headquarters in Newcastle. Greggs aim to provide freshly baked food every day by having 10 regional bakeries that produce the food and is then delivered by a fleet of 375 delivery vehicles. There are also 90 large in store bakers in the country to provide the freshest baked goods in them stores and other surrounding...
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...their current capabilities rather than expanding to new locations Weakness Seasonal weather Lack on online presence Threats • Competition from other bakers/supermarkets • Tough economic climate • Substitute products • Change in consumer tastes • Government regulations/policies Opportunities • Creating more of an online image • International expansion/globalisation • Creativity and innovation • Mergers and take-overs Strengths Brand Name Customer Loyalty Market Share Leadership •Unique Products •Efficient logistic solutions Social • Health conscious Technological The Need for Updated Technology Legal • Health and safety law • Pensions? Environmental • The need to focus on CSR • Check suppliers are all just as ethically responsible as Greggs Political • Healthy eating policies • “Pasty tax” Economic • Less disposable income • Economic growth Porter's 5 Forces Threat of substitute products - High 1 Other Outlets E.g. supermarkets and bakeries Threat of entry of new competitors - High 1 New bakeries 2 New supermarkets Competitive rivalry within the industry - High 1 Operates in multiple industries 2 However market leader in the UK for baking Bargaining power of customers - High 1 Many supermarkets with the same product offering 2 Alternative bakeries - E.g. Percy Ingle & Oliver Adams Bargaining power of suppliers - Low 1 Number of key suppliers across the UK 2 Investing in the most practical and viable ones...
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...Over the past four fiscal years, we have been systematically updating and upgrading our management information systems in a multi-phase process to improve the efficiency of our store operations and enhance critical corporate and business planning functions. During fiscal 2008, we implemented a demand management and forecasting tool to add more robust analytical capabilities to our inventory management process and opened an off-site data center to enhance our disaster recovery capabilities. During fiscal 2007, we converted our financial reporting and accounting systems to a retail industry standard application to support our anticipated future growth. In fiscal 2006, we installed a new enterprise data warehouse to better integrate operating and merchandising information in a relational data base environment. We are currently in the process of migrating our inventory and supply chain management software from our legacy hardware platform and operating system, which our primary hardware vendor will no longer be providing support for after December 31, 2010, to a new hardware platform and operating system. This migration will transfer our existing applications to a platform scalable for future growth and is intended to ensure complete continuity in the end-user interface screens, thereby eliminating the cost and lost productivity of re-training our store and distribution associates on a new enterprise resource planning (ERP) application. The migration also maintains our applications’...
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...Greggs Case Study – Business Report of Greggs “To be successful, you have to have your heart in your business, and your business in your heart.” By Thomas Watson, Sr. Subject : Business Report of Greggs 1. Executive Summary - Greggs is the top bakers’ chain in UK. - Greggs owned 1400 shops and employ 19,000 workers. - Ken McMeikan – Chief Executive leads Greggs to success. - Greggs has a good performance in the economic downturn. - Changes and strategies help Greggs to defy economic downturn. - Greggs is planning for an international expansion. - Greggs is a company responsible to its stakeholders – customers, employees and shareholders. - Part of the ideas are generating from analysis of Greggs’ reports and PESTEL analysis. 2. Introduction Greggs is a national company which has recently owned more than 1400 shops in UK. After the closure of its Belgium operation, Greggs changed from a decentralized to a centrally run business. This successful bakery chain is led by Mr. McMeikan who served under some of the most-respected retail sectors’ leaders before. In the near future they are planning to open a further 600 shops to create 6000 new jobs and will carry out an international expansion in the next few years. In the report, we can see the latest performance of Greggs, how its chief executive manages the changes and the considerations of the business development and how it treats its stakeholders. 3. Environment that Greggs works in Greggs...
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...The case Gregg vs Georgia all started when a man named Troy Leon Gregg was hitchhiking north in Florida with a 16 year old named Floyd Rayford Allen who only had 8 dollars between them. The two of them were given rides by two men named Fred Edward Simmons and Bob Durwood Moore. As they entered into Georgia the men stopped at a rest stop and Simmons and moore got outta the car Gregg told Allen “Were going to rob them” getting out and firing 3 shots causing Simmons and Moore to fall in a drainage ditch. Gregg quickly ran over to the men and shot them both in the head, took their money, jumped into the car and drove away. On November 24, 1973 Gregg was found driving Simmons car with 107 dollars, a pistol in his pocket and the bullets used to kill...
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...Tonya Gregg is a painter and drawer which focuses on women, pop-culture, and truths. Tonya Gregg is an artist born and raised in South Carolina. She attended the Governor’s School for the Arts Gifted and Talented program where she received a BFA in painting. She is also attended the University of Chicago, Maryland Institute, and College of Arts. These colleges led her to be the first full-time student to be featured in New American Paintings. Ever since then she has featured her paintings abroad in places such as, Germany, Nicaragua, England and Canada. Recently, she has travelled to parts of Asia, which currently influences her art. In the Tonya’s Gregg Art Exhibition at Curtis Harley Gallery, she featured some of her paintings and drawings. This series featured a woman and three cherubs. Throughout her work this woman drifts through her own life and these cherubs, or the truths of life, guide her. In one of her paintings titled Dance in the Forest, the woman and one of the cherubs are missing. This particular painting features two of the cherubs....
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...eighteenth century B.C. This was under the rule of King Hammaurabi of Babylon ruled, who codified the death penalty for twenty-five different types of crimes. Within the US, there are 32 states who employ death penalty, and only 18 who don’t. Death penalty has been an ordinary way to deal with extreme criminals in order to end their crimes, for a longer time. Capital punishment has for long been a component of the government. In American history, there have been numerous methods of capital punishment. Everything from electrocution, hanging, firing squad to beheading, and even gas chambers. Capital punishment has always been a brutal and unnatural thing. Luckily, lethal injection is what most states use today. They have done since post-Gregg (Gregg v. Georgia), but electrocution, gas chambers and hanging are still practiced as well. One large motive for supporting capital punishment is economy. It is much cheaper to have someone executed than having him or her imprisoned. This is, though, extraordinarily inhuman. What about the family and friends of the executed? This is where the ethical aspect begins to play a role. The government needs to think about whether this should be accepted as being ethically correct. Because of the ethical aspects, capital punishment is one of the few massively discussed subjects in American politics. In the southern states, especially in Texas, death penalty has been the most evident. 522 people – 6 of them women – have been executed in Texas...
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...Although, the death penalty is being handed down by the courts, the number of death penalties carried out occurs far less than they should. According to the Death Penalty Information Center, the number of executions since 1976 is just 1352 with the years 1999 and 2000 being the highest in number of executions (DPIC). In the book Deterrence and the Death Penalty, it brings attention to more of the debate of the death penalty: In 1976 the Supreme Court decision Gregg v. Georgia (428 U.S. 153) ended the 4-year moratorium on executions that had resulted from its 1972 decision in Furman v. Georgia (408 U.S. 238). In Furman the Court had ruled that the death penalty, as then administered in the United States, constituted cruel and unusual punishment in violation of the Eighth Amendment to the Constitution. Then, in Gregg, it had ruled that the death penalty is not, in all circumstances, cruel and unusual punishment, thereby opening the way for states to revise their capital punishment statutes to conform to the requirements of Gregg. (Nagin, Daniel, and John Pepper, Summary Page 1) Some say that humans are just beings and therefore aloud to make mistakes and that...
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...not violate the Eight Amendment BCOM/275 Oliver Ellsworth drafted the Crimes Act of 1790 and was passed by congress on April 30, 1790. When the First Congress enacted the Crimes Act in 1790, it stipulated only 17 federal crimes will be taken to trial. (Meese III, 2010). Defendants that were found guilty of murder and prison break were put to death. Oliver Ellsworth was appointed Chief Justice of the United States Supreme Court in 1796. “In Furman v. Georgia (1972), the U.S. Supreme Court found that the death penalty, which was applied capriciously and on a racially discriminatory basis, violated the Eighth Amendment.” These death penalties are cruel and unusual. (Head, n.d.). U.S. Supreme Court voted upholding the death penalty in Gregg v. Georgia in 1976 by 7-2. In regards to the vote, there would be some changes to the Crimes Act of 1790 that would not allow defendants eligible for the death penalty. One of the changes is the defendants I.Q. When the defendant’s has an I.Q. below 70, the defendant would be labeled mentally retarded and would not be eligible for the death penalty. When the defendant is under the age of 18 at the time of the crime, the defendant would not be eligible for the death penalty. President Clinton signed the Antiterrorism and Effective Death Penalty Act of 1996 in the aftermath of the World Trade Center and the Oklahoma City bombings, this Act allowed the defendant found guilty would be subject to the death penalty. According to "U.S. Army...
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...the person goes into death row. People waiting on death row for days, months, or years whenever it is about time for execution. I am going for supporting the capital punishment. The reason why is because it takes tax money from us if there are more prisoners in prisons. When capital punishment is okay. My moral stance and why I choose it. Somewhere in the bible says that taking someone’s life is another persons life. Economics and statistics of penalty verses keeping them in prison. Penalty popular in the United States. Thirty- seven states retained by Federal government. Also popular in Iran, China, and Vietnam. 65-75 percent of American’s continually favor it. Furman vs. Georgia (1972) application was unconstitutional. Gregg v. Georgia (1976) bifurcated system constitutional. Woodson v. North Carolina (1976)- mandatory death sentences unconstitutional. Coker v. Georgia (1976)- death penalty for rape “ grossly disappropriate “this violates...
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...“Death Penalty” Furman was a poor black man living in Georgia when he broke into William Joseph Micke, Jr’s house, Mr. Micke went downstairs to investigate and saw William Furman in his house with a gun. Furman began to flee the house but tripped in the process and fired the gun accidently shooting Mr. Micke in the chest and killing him instantly. Furman was later found by the police still carrying the gun and arrested for murder. This case is known as Furman v. Georgia and was taken to the Supreme Court on the fact that the death penalty in Georgia violated the Eighth Amendment of the U.S. Constitution. This is a landmark case because “The significance of Furman v. Georgia is that this case was the first case that was ruled violating the Eighth amendment and that it halted every man on death row in the United States” (study). But before the case reached the Supreme Court the case went on trial September 20, 1968 where Furman pleaded mentally ill and insane, the court rejected his plea and found him guilty of murder. Then, Furman appealed his conviction and sentence, based on the death penalty in Georgia violating the Eighth Amendment of the U.S. Constitution . The Eighth Amendment says the federal government may not use "cruel and unusual punishments” (Henson). The case was later tried in the Supreme Court January 17, 1972. The justices who won majority and reversed the case were William J. Brennan, Jr., William O. Douglas, Thurgood Marshall, Potter...
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...it is the fundamental concept underlying the Eighth Amendment. In his opinion: "The State, even as it punishes, must treat its members with respect for their intrinsic worth as human beings. A punishment is "cruel and unusual, therefore, "if it does not comport with human dignity". He declared that the severity of capital punishment is degrading to the dignity of a man, and since even the vilest criminals share an inherent dignity, the punishment is unconstitutional. Though in Brennan words human dignity functions as a justification for the Eight Amendment, they seem to illustrate the psychological approach to the meaning of human dignity. In 1976, the nationwide ban that was imposed on the capital punishment was over turned in Gregg v. Georgia. Gregg was convicted of murder and was sentenced to death in Georgia. He appealed to the Supreme Court on the basis of its decision in Furman. The State of Georgia demonstrated that it had worked to formulate its capital punishment laws consistent...
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...Experiences provide a historical look into an event and memory of home unrestricted by geographical boundaries. Home is no more a structure or place. Home is made up of an atmosphere that evokes certain habits and memory. In Gregory Seigworth and Melisa Gregg’s words, it is the affect “found in those intensities that pass body to body (human, nonhuman, part-body).” It is a state of mind, made up of thoughts that continue to recreate the meaning of home differently among individuals. It is important that, in understanding the experiences of these group of students, movement, memory and habit that evokes an experience is studied. Thoughts about experiences steam from ones consciousness to monitor actions that affect and stores memory. It is...
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