...It was 2:00 a.m. and Paul Livoria sat in the corner stall of his restaurant staring out the window into the parking lot. His brother Sam was in the kitchen cleaning up after a very long day. Paul felt very restless, partially because of the seven cups of coffee he had had, but mostly because he was feeling very overwhelmed. He thought to himself, “Running these two restaurants shouldn’t be so complicated.” At age 46, maybe it was time for a change. The Birth of Livoria Sandwiches Inc. Brothers Paul and Sam Livoria founded Livoria Sandwiches Inc. as a Canadian Controlled Private Corporation (CCPC) in December 2001, but began operations in January 2002. Both brothers had worked for Link Motor Company in the City of Dawkins (a major city of 275 sq. km) in one of its manufacturing plants. Paul was a truck production supervisor and Sam was an automobile line worker. Unfortunately, in 2001, both brothers were laid off as there was a huge decline in the automotive sector. With the severance packages they received, Paul and Sam opened up their first store. Both of them have no formal business training and many decisions have been made through “trial and error.” After five years of positive growth, Paul and Sam decided to open up a second location in a high-traffic area in Zone 1 (five kilometres away from each other) in Dawkins. Below is a map of the city: © 2013 The Society of Management Accountants of Canada. All rights reserved. ®/TM Registered Trade-Marks/Trade-Marks are owned...
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...Date : October 11, 2013 To : Brothers Sam and Paul Livoria From : Dev Das Subject : Strategic Review and Recommendations INTRODUCTION This report examines strategic alternatives that would help owners of Livoria Sandwiches Inc. gain competitive advantage in a growing market, achieve its profitability target and maintain its strong reputation of having a high quality and unique product in the industry. This report provides an analysis of the company’s current situation, identify strategic issues and analyze strategic alternatives. These also provide recommendations as to courses of actions the brothers should adopt to reach their goal, and proposed implementation plan. CURRENT SITUATION Stakeholders Preferences: * Go franchising (Paul) * Enhance vegetarian menu (Sam) * Preserve quality and control (Sam) * Realize $1.1M net income by 2015 (both Paul and Sam) *Avoid using line of credit (both Paul and Sam) Constraints: * Cash * One supplier of all store requirements/ingredients * Bank requires $20,000 minimum cash balance at any given time * Number of hours work * Working space Environmental Scan : SWOT Analysis Exhibit 1 Current Financial Assessment - Lowest profit of .29% compared to industry wide due to $500,000 contingent liability booked in 2012. Removing this extraordinary item would result to 24% operating income which is higher than Dawkins industry benchmark - 52.93% highest Contribution margin than industry average ...
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...Marketing-it seems as if it is such a simple and minor concept compared to the whole process of creating a successful company. The key word that I am sure we all want to reach here is success. Running a successful company is the goal here, and the way you market/advertise to potential consumers can make or break the company’s success. Dr. M. Waters founded The Waters Bottling Company with intents to build this company to success by reaching the “right” market of consumers. The goals set and the intent of the founder is firm, but will not reach its success points without a plan in place for gaining the consumers interest. And this is the point where I come in. There are several different bottling companies established, what is going to make The Waters Bottling Company stand out to consumers and drive their interest? Marketing and Advertising: it really is that simple. The quality is there, the company is established, now we just need to spark the consumers interest and give them a reason to purchase our product over others. Let’s start with establishing the basics of marketing, and how we plan to implement these basics into The Waters Bottling Company to catch the eye of the consumers. Marketing is focused on taking advantage of those resources that are available so that the company can continually meet the consumer’s needs and growth of consumption. This technique is accomplished through frequent research of the consumer’s needs, and portraying to the consumer in an intriguing...
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...M1A3 The vision and mission statement of Livoria Sandwiches is for them to maintain their strong reputation amongst their current loyal customers for quality while maintaining a unique product. In providing a supply of a different product, Livoria is competing to some degree using a differentiation strategy which will allow Livoria to charge a premium on their products, and allow them to be competitive based upon the perceived difference they have from the rest of the market segment. The key stakeholders preferences include exploring possible franchising, enhancing their vegetarian menu with an ultimate quantitative goal being to have a $1.1M net income by 2015. Within these key stakeholder preferences, both Paul and Sam would like to maintain a focus on preserving their high quality and continue to avoid using their line of credit. The weaknesses and constraints of Livoria Sandwiches operations at this point in time are a limited supply of capital, specifically cash, which is negatively effected by both the back taxes and the requirement to have $20,000 as a minimum cash balance at all times. The lack of cash is even more so negatively effected due to the $500,000 liability that must be paid by 2015. Another operational constraint for the business is that they rely completely on one supplier for all of their store ingredients. The heavy reliance on one supplier and the consequences of this is displayed by the fire at Food Terminal, and the difficulty in securing a supplier...
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...M1A3 Goals Identification and Reality Assessment Worksheet Use this worksheet to organize your responses to Module 1, Assignment 3. Submit this worksheet in the Module 1: Assignment 3 Dropbox no later than Day 7 of Module 1. Include vocabulary and concepts from your readings to support and illustrate your own insights. In preparation for the papers you’ll write later in this course, take the time to organize your thoughts for each question and write clearly. The completed worksheet should be not more than three pages. 1. Describe a goal for interpersonal improvement in your personal life. Be sure to explain the following: • What aspects of your own interpersonal communication skills would you like to improve? • How far are you from attaining this goal? • Do you think this goal is set too high or too low? Why, or why not? • How long will it take me to attain this goal? • If the goal will take a long time to attain, could you set smaller goals that you could attain while still working toward your bigger goal? • How will you benefit from successfully attaining your goal? (Your personal goal and explanations go here. Be sure to respond to EACH question above.) 2. Describe a goal for interpersonal improvement in your academic life. Be sure to explain the following: • As an online student, what areas would you like to improve to help you be a more successful student...
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...M1A3 Goals Identification and Reality Assessment Worksheet 1. Describe a goal for interpersonal improvement in your personal life. Be sure to explain the following: * What aspects of your own interpersonal communication skills would you like to improve? * How far are you from attaining this goal? * Do you think this goal is set too high or too low? Why, or why not? * How long will it take me to attain this goal? * If the goal will take a long time to attain, could you set smaller goals that you could attain while still working toward your bigger goal? * How will you benefit from successfully attaining your goal? My personal goal is to be able to communicate my feelings more often. I think it will take me a few months to successfully attain this goal because I’ve been so closed off for so long. I do not think my goal is set too high or too low because I believe it is a reasonable goal to achieve if I continue to express myself verbally. I will benefit from this goal because communication is key, not only in relationships, but in life. If I have trouble communicating to others I will not succeed. When an issue arises I will have the confidence to address it to the other person(s) and discuss it without feeling judged or belittled. 2. Describe a goal for interpersonal improvement in your academic life. Be sure to explain the following: * As an online student, what areas would you like to improve to help you be a more successful student...
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...Krystal Fall Introduction to Corrections | CJA140-AUO A02 Faculty: James Jengeleski M1a3 6-18-14 The crimes that are being committed by Joe the defendant are both misdemeanor and felonies today were going to discuss the action, behavior and conduct in regards to Joe. In the state of Arkansas the defendant would have been arrested, sent to a holding cell for being drunk and on drugs in public as well for resisting arrest with the police officer. The best ways of avoiding jail and even a conviction is by getting your case dismissed or maybe just not doing the crime all together. The defendant would have to first file a motion to suppress or go to trial and be able to not get a culpable guilty decree verdict from the adjudicators. Nonetheless, not every case is gifted with good fortifications, so we also have to developed ways to shun the majority serious consequences, as well as jail. Over the past 10 years, attorneys have handled thousands of criminal cases across the state of Arkansas and only a extremely small percentage of clientele ever serve time in jail. The majority of cases where a client spends time in jail would be three or more offenses. Therefore...
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...Corey Bates Argosy University Child and Adolescent Psychology M1A3 Generation 1: Years (1940-1950) Generation 2: Years 1960-1970 Generation 3: Years 1990s-2000 Parenting Practice 1: Education Life lessons taught during that time Off and on it was important Depends On the parent Parenting Practice 2: Age 15-19 15-19 14-20 Parenting Practice 3: Sex No Sex Only Marriage No Sex No Marriage Depends Parenting Practice 4: Love Both Mom And Dad Were In The Home Or Lived With Grandparents Besides War And A Boost of male single parents Depends Mom or dad taking care of you 9/10/14 When it comes down to parenting we all know people or family members who have different ways of running their families a certain way. Strict and simple whatever I say goes do what your suppose to do and we have no problems, on the other hand you have those who those cater to their child a lot and lastly the parents who don’t care and just leave them with grandma and grandpa abounding the child. I grew up in the 90s under a strict household I had in my life grandparents, mom and uncle that raised me my entire life. Having an education, being a normal child and just having parents in my life made such an great impact and how I am today. But today society shows that without any parents or lack of parenting proves why kids act the way they do in this generation. Anyway going into this assignment back then 1940’s besides the great depression still life was simple both parents...
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...MODULE 1, ASSIGNMENT 3 September 12, 2013 Topics: Performance Management, Financial Management and Financial Reporting Overview In this assignment, candidates get a chance to apply all the steps except for steps 6 and 9 in the Steps for Approaching Business and Corporate Strategy to a small business case. As mentioned previously, these steps provide candidates with a systematic approach for addressing a case involving business-level strategic issues. Applying this approach effectively is one of the important competencies that candidates will learn in the CMA Canada Professional Programs. The starting point for solving a business problem is to analyze the current situation and identify the problems that need to be addressed. A major component of the situational analysis is to take a close look at the environments within which an organization finds itself. One of the methods commonly used in such an environmental analysis is “SWOT” (an acronym for Strengths, Weaknesses, Opportunities and Threats), which considers the strengths and weaknesses in the internal environment as well as the opportunities and threats in the external environment. Candidates can refer to the required reading Situational Analysis Tools mentioned below for more information on how to go about doing a SWOT analysis. The next major step is to identify the issues and analyze various alternatives for addressing the major issues. In this case, a shortage of available cash is a major issue and needs to be addressed...
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