...there are a lot of frozen microwaveable food options available in the market. Microwaveable food is easy to cook. People are replacing traditional cooking methods to microwaveable cooking. Some of the companies that manufacture low-calorie microwaveable foods are Lean Cuisine and Healthy Choice. “Lean Cuisine first started in 1981. The popularity of this famous line of frozen foods increased a lot throughout the years as Lean Cuisine meals are very convenient, simple to prepare and always delicious.” (Lean Cuisine, 2015) “In 1988, CEO Mike Harper suffers a mild heart attack while traveling on business to California. He realized he needed to change his diet. So Harper began his search for foods that satisfy his taste and his health needs. His search leads to the development of Healthy Choice.” (ConAgra Foods, 2015) Those two companies are our competitors. We will look at their different strategies such as product marketing and pricing as comparable to our strategies. 1.Outline a plan that will assess the effectiveness of the market structure for the company’s operations. In order for a company’s operations to assess the effectiveness of their market structures, it must see how it differentiates from its competitors such as Lean Cuisine and Healthy Choice. Profile variables such as a socio-economic group or geographic locations are very essential in deciding the target audience. In determining the market structure for the food industry, one must keep in mind their target audience...
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...Organizational Effectiveness Farrah D. Webber- Baker CJA/474 Managing Criminal Justice Personnel May 2, 2016 Maxine Craig Organizational Effectiveness Organizational effectiveness is much more critical than offering assurance that an association or an organization is working as it ought to be. Achieving overall effectiveness, profitability, and daily operations is a noteworthy part that is required for any company to be beneficial and fruitful. Depicting organizational effectiveness and the associated theories and principles can assist in the supervision of criminal justice equity staff. Organizational effectiveness can likewise help people in setting up an upgraded impression of the connection that should be available keeping in mind the end goal to work successfully an office. By utilizing techniques for criticism, organizing, and maintaining focus on the specific job; the company or organization will have the profitable apparatuses that are required to make utilization of control in a hierarchical environment. Organizational effectiveness can be defined as an arrangement of objectives intended to lead the association in a particular bearing. To accomplish these objectives, administrators ought to prepare workers to take after a particular way or set of standards that will prompt an effective organization. The estimation of adequacy and effectiveness is accomplished through fulfillment of the company’s objectives. To fully gain an understanding in organizational...
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...assignment requires the development of a plan for a marketing flyer which outlines the key offerings at XYZ Construction INC. This flyer will be used to educate potential customers on the services offered by the firm. Who is XYZ Construction XYZ Construction, Inc. is a privately owned company founded in the 1950s. The owners have decided to transform the business from one of private ownership to public ownership and plans for its Initial Public Offering (IPO) to be in 12 months. XYZ Construction, Inc. performs horizontal construction work including roads, airfields, and bridges. The company’s headquarters is in Denver Colorado and has 16 field offices located in 11 states (Silver, 2012). Products and Services XYZ Construction, INC provides horizontal construction work including roads, airfields, and bridges. The company has a workforce which includes heavy and light equipment operators, civil engineers, and project managers along with an administrative staff in the headquarters facility with support staff in each of the 16 field offices (Silver, 2012). Marketing Strategy Construction companies market themselves effectively differentiate their services from the competition and stand a much better chance of driving qualified new business (Hernandez, 2008). The result should be an increase growth in a field that suits your company’s specific sales goals and identity (Hernandez, 2008). In short, the flyer should outline the marketing strategies for XYZ Construction...
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...Article Review: McDonald and Leppard (1993) The Marketing Audit The Marketing Audit Model Any marketing plan will only be as good as the information on which it is based, and the marketing audit is the means by which information for planning is organised. A marketing audit is a systematic, critical and unbiased review and appraisal of all the external and internal factors that have affected an organisation’s commercial performance over a defined period. By providing an understanding of how the organisation relates to the environment in which it operates, the marketing audit enables management to select a position within that environment based on known factors. Any organisation carrying out an audit will be faced with two kinds of variable: those over which if has no direct control and those over which it has complete control. The former include economic and market factors, while the latter usually concern the organisation’s resources, or operational variables. This suggests that the marketing audit should be structured in two parts: * External audit—the uncontrollable variables (business and economic environment, the market, the competition). * Internal audit—the controllable variables (organisation’s strengths and weaknesses, operations and resources in relation to the environment and competitors). Chapters 1—6 McDonald and Leppard’s The Marketing Audit Model is a comprehensive set of exercises that a company can go through to develop insight into all aspects...
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...Operations Decision by Virna Scott Dr. Shad Koros ECO 550 Managerial Economics and Globalization White Marsh Campus Strayer University May 26, 2014 Operation Decision Introduction Managers make decisions affecting the organization daily and communicate those decisions to other organization members (Types of Decisions and Decisions Making Process, n.d.). Managerial decisions are not all equal to the organization. The decisions can have a major impact, not only on the management system itself, but also on the career of a manager who makes them. Outline a plan that will assess the effectiveness of the market structure for the company’s operations Weight Watchers International Inc. is a huge successful weight loss plan in the world. The company starts from the idea of one woman into a success global franchise with record breaking revenues. Weight Watchers International has taken over 50 percent of the dieting market; million of people go to the company's weight loss classes all over the countries around the world. Weight Watchers have been around longer than its competitors, and they have healthy eating down to a science with the product taste and low calorie. Everyone is on the health kick and weight watchers know their audiences. Weight Watchers target market programs that aim to control what has been called the obesity outbreak in America. Their customers depend on reduction of caloric intake instead of dieting and exercise. The company studies individual...
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...details. Performance objective In this assessment you are to analyse the risks identified in the case study, to assess likelihood and consequence of risks, evaluate and priorities risks, and determine options for treatment. You are also required to develop an action plan for treatment of risks, and communicate it to relevant parties. Assessment description Using the information gathered in Assessment Task 1 and the case study provided, examine the likelihood and consequences of identified risks, prioritise the risks and determine options for treatment of each risk. Using this information you are required to develop an action plan for implementing risk treatment, document the plan as required, and communicate the risk management plan to relevant parties. Procedure 1. Using the case study information provided in this assessment and in Assessment Task 1, develop a report for your manager (assessor) with the headings as described below: a. Likelihood – For each risk, assess the likelihood of the risk occurring. b. Consequence – For each risk, assess the consequence of the risk occurring. c. Priorities – Use a risk calculation table to assist in prioritising the risks. d. Options – For each prioritised risk, outline at least two suitable options for treating the risk. In your report, include an explanation of the process you used to identify risks and assess likelihood, consequence, priority. Also include an explanation of why options you suggest for controlling...
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...Operations Decision Stacey White Dr. Bernadette West Managerial Economics and Globalization May 18, 2014 When it comes to low-calorie frozen microwavable foods the top two companies are Healthy Choice and Lean Cuisine. In this paper I will discuss one of their competitors. First outline a plan that will assess the effectiveness of market structure for the company’s operations. Then I will determine two factors that likely factors that caused the change in market structure. Next I will analyze the major short run and long run cost functions for this company given certain cost functions. In this analysis I will suggest substantive ways in which the company can use that information to make decisions in the short and long run. Then I will determine the possible circumstances in which the company should discontinue operations. While doing this I will suggest key actions that management should take in order to confront these circumstances. Next I will suggest one pricing policy that will enable this food company to maximize profits. Then I will outline a plan which the company could use to evaluate their financial performance. Lastly I will recommend two actions that the company should take in order to improve their profitability and deliver more value to their stakeholders. After making these recommendations I will outline a plan for the company to implement these recommendations. Market Structure The low-calorie frozen microwavable industry seems to operate under a monopolistic...
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...CONTENT AND SKILL SPECIFICATIONS FOR THE UNIFORM CPA EXAMINATION Approved by the Board of Examiners American Institute of Certified Public Accountants May 15, 2009 Effective Date: January 1, 2011 Board of Examiners Examinations Team American Institute of Certified Public Accountants Parkway Corporate Center 1230 Parkway Avenue, Suite 311 Ewing, NJ 08628-3018 COPYRIGHT © 2009 BY AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. CONTENT SPECIFICATION OUTLINES (CSOs) The outline portions of the content specifications identify the extent of the technical content to be tested on each of the four sections of the Uniform CPA Examination. The outlines list the areas, groups, and topics to be tested in the following manner: I. (Roman numeral) Area A. (Capital letter) Group 1. (Arabic numeral) Topic Each outline is followed by information about selected publications that candidates may study to prepare for the Uniform CPA Examination. Weights The percentage range following each area represents the approximate percentage of total test questions associated with the area. The ranges are designed to provide flexibility in building the examination, and the midpoints of the ranges for all areas in each section total 100%. The examination questions will be selected from each area to fall within the percentage allocation range. No percentages are given for groups or topics. The presence of several groups within an area or several topics within a group does not imply equal...
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...Armstrong World Industries Business Systems Plan Phase 5 Individual Project 2013 Information Technology Management Table of Contents Business System Planning (Week 1) Introduction 4 Identify how the following critical success factors will be addressed by case study 5 Governance 5 Business plan alignment 6 Process improvement 6 Resource optimization 6 Operating excellence 7 Identify how the following critical success factors will be addressed by case study 7 Business management issues 7 Strategic and competitive issues 7 Planning and implementation concerns 8 Operational items 8 Identify how the variables defined by Strassmann's Model will be measured 8 Efficiency 8 Effectiveness 8 Competitivness 8 Profitability 8 Strategic Information Systems Assessment (Week 2) Create an analysis of strengths, weaknesses, opportunities and threats for case study 9 Case study continued 9 SWOT analysis of case study 10 SWOT analysis continued 11 12 13 Create an assessment of the forces that are presently governing competition for case study 14 Using Wiseman’s Framework of Strategy Development define the strategic thrusts and advantages 15 Information Systems Business Case (Week 3) Critical success factors for IT Manager 16 Continued. 17 General stratgy for IT goals and objectives of the case study. 18 General strategy on how IT department will support the goals and objectives of the case study 19 Information Technology...
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...Running Head: Strategic Plan, Part II: SWOTT Analysis Strategic Plan, Part II: SWOTT Analysis Name University of Phoenix BUS/475 SWOTT analysis is a vital methodical tool used for assessing the factors both internal and external that have an impact over the organization. in current business times organization use SWOTT to evaluate their market status with respect to market share, competitive edge and total feasibility (Stahl & Grigsby, 1997).SWOTT analysis provides an organization with improved knowledge about its obtained and attainable strengths and weaknesses, prospective opportunities, risks and threats and business developments (Wheelan & Hunger, 2004).the major factors of SWOTT analysis can be divided under the heads of internal and external factors (Stahl & Grigsby, 1997). This paper outlines a detailed assessment of factors external and internal that can have an impact over the business of Ace Gym. In view of this assessment management of Ace Gym can assess the major factors that can impact the feasibility, developing competitive advantage and stakeholders’ satisfaction for the organization (Wilson & Gilligan, 2005). External Environmental Analysis Many external factors can have an impact over Ace Gym’s capability to achieve its goals and objectives. To achieve success Ace Gym will have to find a suitable strategy that can maintain the business expectations within the actual conditions and also to maintain...
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...Operations Decision Managerial Economics and Globalization ECON550 May 24, 2015 This paper will provide insight into the low-calorie microwavable foods in support of the company’s long run and short run operations. When it comes to low-calorie frozen meals there are many options; this paper will delve into two companies and look at their competitors. First is to outline a plan that assesses the effectiveness of the market structure for company operations. Next is to determine two factors which could cause a change in the market structure. Third is analysis of the short and long run cost functions given certain costing information. Then the paper will suggest a pricing policy to enable the food company to maximize profits. Finally, a recommendation of two actions the company should institute in order to improve profitability and deliver more value to their stakeholders. Market Share U.S. consumers have switched gears into a more sustainable path toward healthy eating, which is now influencing the relative growth rates of different food categories (Black Book, 2007). Healthier versions of packaged-foods products have grown rapidly in recent years. These include food products that are either organic, fortified with vitamins or minerals, have reduced sugar, fat, or salt content, are high fiber, soy-based or gluten/lactose-free. In the first assignment the frozen low-calorie food market was in perfect competition. As the popularity of the low-calorie frozen meals...
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...benchmarking, performance, and detecting any administrative gaps that inhibit optimum performance. Grounded on data and administrative primaries our interim manager will develop actions plans, and begin the application of performance approaches. Spectral Staffing interim manager can also support in staffing and employing as well as ease the change process by providing training and mentoring for new employees. Identification of an operational gap By conducting a gap analysis, we can compare expectations with current levels to identify if an operational gap exists within an organization. Use of the gap analysis tool to assess operational excellence in areas that include: * Human resources * Information technology * Business direction and processes Through the “identification and extrapolation of key learning issues from the literature and empirical findings, organizations can better improve their business processes and thereby their effectiveness, whilst preventing others from making costly mistakes that may not necessarily be purely financial” (Irani, Sharif, & Love, 2007, p. 2435), but may serve the surrounding community as a benefit. The need for a marketable due diligence can typically can provide a progressive assessment of the targeted prospects, converging on the company and market...
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...March 14, 2013 BUS 499 Dr. Claudette Andrea Strayer University Introduction In this capstone assignment, I will discuss Starbuck’s. I will determine the impact of the company’s mission, vision, and primary stakeholders’ overall success. An analyzitation will be performed to identify the five forces of competition and their impact on the company. I will perform a SWOT analysis to determine the strengths, weaknesses, opportunities, and threats. Based upon the SWOT analysis a strategy of the strengths and opportunities will be capitalized while the weaknesses and threats will be minimized. Various levels and types of strategies will be discussed to maximize the competitiveness and profitability. I will outline a communication plan to make strategies known to all stakeholders. Two corporate governance mechanisms will be selected to evaluate the effectiveness of the controlling managers. I will evaluate the effectiveness of leadership within the corporation and make recommendations for improvement. An assessment of the efforts by Starbuck’s corporation to be a responsible and ethical corporation and the impact of these efforts on the corporation is bottom-line. The Impact of the Company’s Mission, Vision, and Primary Stakeholders on Overall Success A mission statement is a company’s beacon light to assist company employees with its navigation. In relations to the organizations customers, it is assurance that the company is committed to the clients’ purpose. ...
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...Final Business Model and Strategic Plan BUS/475 March 2nd, 2015 Table of Contents Executive summary…………………………………………………………………………4 Introduction…………………………………………………………………………………5 V-Gym analysis……………………………………………………………………………..6 V-Gym’s mission statement and vision…………………………………………………….6 Values and guiding principles..,……………………………..…………………….………. 8 Organization’s strategic direction and aims ………………………..…………..…………. 8 Customers need satisfaction and Achievement of Competitive Advantage……….…….… 9 SWOTT: ………………………………………………..…………………….…..………...10 External Forces ………………………………………………………………….………….11 a). Economic Factors ………………………………………………….……..……...11 b). Legal and Regulatory Factors ……………...…………………………………….11 c). Technological Factors …………………..…………………………….…...……..12 d). Innovation Factors ……………………………………………………….……….12 e). Socio-cultural Factors …………………………………..…………………...........12 Internal Forces ……………………………………………….……………………….……. 13 a). Structure …………………………………………………………….…………… 13 b). Strategic capabilities ……………………………….…………………….……… 13 c). Systems and processes ………………………………………………….………...14 d). Strategies ……………………………………………………….………………....14 Economic and Legal/Regulatory Trends ………………………………..…………….……. 15 Adapting to Change ………………………………………………………………………… 16 Supply Chain Operation ……………………………………………………………….….... 16 Issues and/or...
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...be a fluid expansion of the control aspect of the organization’s strategic planning. Best Buy is a good example of a company that utilizes control systems to assist in company operations. These controls are not without their negative consequences, but for the most part, they serve as a beneficial tool for the company in achieving its goals. Control systems specify standards of performance, monitor, and measure company performance, and use data collected to compare the company outcomes to internal standards. Controls also assist in making steps toward continued improvement by reinforcing successful techniques and revising the less successful ones. Best Buy uses four distinct types of controls to maintain and drive the success of their organization: Feed forward control, market control, financial control, and Bureaucratic control. Feed Forward Control is aimed toward preventing problems before they begin by setting standards in place to reduce company loss. For example, Best Buy offers customers a return policy, but only gives cash refund with a receipt or presentation of credit card used at purchase for a limited time. This policy ensures the customer is refunded by the same medium they used to purchase the products. Concurrent Control is the mechanism that continues although all other plans are in progress. Data is continually reviewed giving managers time and ability to incorporate minor adjustments without waiting for a minor problem to...
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