...Strategic Plan Part 1: New Product or Service Jahmod Cook BUS/475 May 2, 2016 Susan Horvat Strategic Plan Part 1: New Product or Service Introduction Choice Home Warranty is competitive because there are so many competitors in the home warranty business. It is important for a company to be innovative with their ideas and apply them to their product line. Customer Service is part of an organization’s foundation and should always be customer focused. In fact, Choice Home Warranty’s sales call fee is much lower than other well-known warranty companies such as Select Home Warranty and Total Protect Home Warranty. Consumers are often concerned with how much something will cost them, especially when contracts are involved. Choice Home Warranty’s policy covers appliances among other systems. Sometimes, customers are put in a position where they must purchase a new appliance with funds that were due them because of an electrical malfunction or a technician’s incompetence. Choice Home Warranty solicits policies, but could solicit other products or services that would be a convenient and innovative to customers. New Service For the new company division, I propose a business division that is titled, “Choice Home Credit”. CHW has a sales call fee of $45 and $60; this depends on the promotion that a customer is offered at the time they sign up for the warranty service. This fee is due every time a technician is dispatched...
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...Blockbuster Videos Environmental Impact Analysis Once considered the leader in the video rental industry, Blockbuster Videos now finds the business in a downward spiral and is now in the process of filing for Chapter 11 reorganization. Most of the stories about the demise of Blockbuster focused on Netflix and the move to digital technology, but the underlying reason Blockbuster failed was a lack of strong and credible leadership. While battling against its external environment such Redbox and Netflix, Blockbusters was also dealing with internal power struggles from top executives. From an external standpoint, there were several factors that led to Blockbuster’s decline. First, DVD costs declined substantially through increased economies of scale and reduced manufacturing costs. This led to a lower price for DVDs and had many consumers buying the videos outright, instead of opting to rent. Second, rental copies were expensive for Blockbuster to manage, which is why most of the company’s revenue came from late fees on returns. In addition, these DVD rentals are only made once and are costly to replace if lost or stolen. Third, large retail chains, such as WalMart, started to sell DVDs below wholesale, further diluting the market. However, despite all of these threats, the one external threat that had the largest impact was Netflix. Netflix stole market share by combining video sales with on-demand streaming videos at a fraction of the cost. Not only...
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...Strategic Plan, Part II: SWOTT Analysis Integrated Business Topics/BUS475 Strategic Plan, Part II: SWOTT Analysis The purpose of this paper is a synopsis that the author will analyze seven of the forces and trends that Lusti Laundromat must take into consideration including economic, legal and regulatory. The author will describe how the company adapts to changes, and analyze the supply chain operations. By identifying the major issues or opportunities that the company faces with the synopsis, the author can generate a hypothesis surrounding each issue and research questions. The author will conclude by identifying the circumstances surrounding each issue, classifying the circumstances; attributing the importance of each classification; and test the accuracy of the importance for each classification. Strategic Planning is a tool the organizations use to concentrate its energy, to ensure that the workforce and all members of the company are working towards the same goal previously establish. The primary purpose of strategic planning is to assess and adjust the organization’s direction in response to a changing environment. Strategic planning is necessary to allow the firm to keep its competitive advantage, and that is what makes the difference on successful companies. For Lusti Laundromat, a coin laundry store in South Florida, the administration understand the importance of strategic planning to pursue the goals previously set and to make sure the workforce meets the standards...
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...1. What are the chief elements of Redbox’s strategy? Which of the five generic competitive strategies discussed in Chapter 5 most closely fit the competitive approach that Redbox is taking? Defend your answer. The chief elements in Redbox’s strategy are: a. Attracting customers with low prices and convenience. Charging customers $1 dollar per day as a rental fee is very attractive to users and the firm. It is attractive to customers because their nightly entertainment is very cheap in comparison to other alternatives. It is beneficial to Redbox because in the event that the customer forgets to return the movie, they are charged double the rental amount which doubles revenues instantly. b. Rapidly increase the number of shopping locations with a Redbox kiosk. Most Redbox locations are between the cash registers and front entrance of the store much like Coinstar. They have recently added locations outside the stores to replicate soda machines and newspaper stands. This provides customers with convenient locations to rent and return their movies. c. Create a recognizable brand name. Redbox has created a recognizable brand name by using bright red and white colors for their kiosk. By using red, Redbox locations stand out and are easily recognizable to customers. d. Make the machine easy to use. By making the machine easy to use, customers are able to browse through movies using touch screen technology quickly. They are also able to purchase movies and replaceable...
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...solution that will allow Porter to continue its controlled expansion strategy, as it has been so successful and integral to the growth of the company over the past several years. Situation Analysis Porter Airlines operates in a fiercely competitive airline industry, where competitors compete based on price, service, and comfort of passengers, and frequently engages in predatory practices to squeeze out smaller players in the market. The performance of the company depends on external environment factors, such as economic factors of oil and fare prices that will influence margins, or political factors impacting the future bridge and accessibility improvements to the city center airport. Porter’s competitive advantage is linked to the convenience of the Toronto City Center Airport, such as proximity to business core and expedited security and check-in times. Additionally, a critical success factor for Porter is to maintain the commercial exclusivity on the airport, to take advantage of cost savings as a result of being the owner, tenant, and operator. Competitive advantage is also a result of operating a single class of aircraft that has significant cost and operational efficiencies. Alternatives and Recommendation ------------------------------------------------- Several alternatives were provided for Porter to continue its growth, including a focus on refining competitive advantages and improving the TCCA, expanding the destination portfolio to include additional local destinations...
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...Sustainability is just one factor travelers are looking for when booking a hotel. But its features are the number one thing travelers consider. In 2015, 52% of global travelers are more likely to choose a destination and hotel based on its social on environmental impact, as estimated by a survey. Based on a data surveyed by Booking.com, foreign travelers have different interest when it comes in booking a hotel. Some prefers luxurious accommodation, but most are into sustainable travel. The following are the percentage of travelers interested in a sustainable travel: 74% of Brazilians 36% of Danish 39% of Dutch 59% of Australians 53% of Americans Source: skift.com I. Factors which travelers consider in choosing hotels A. Location – Travelers want a hotel centrally located for their convenience. B. Parking – availability, cost and security C. Extra Fees for other amenities – some hotels’ amenities have separate fees from the package. D. Number of stars – choose a hotel with more stars which indicates their quality in terms of the facilities. It is also a good way to compare hotels that is more economical or more luxury depending on one’s taste. E. Onsite facilities – some hotel offers other facilities such as spas, golf course etc. F. Complimentary breakfast –budget wise, this is one of the best factors to consider in a hotel rate because other does not offer this amenity. G. Family-friendliness –a hotel must have an accommodation for small children...
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...Airways CEO David Barger has created, will help to ensure the company long term success. Addressed in this report will be the following topics: (1) What are the trends in the U.S. airline industry? How might these trends impact a company’s strategy? , (2) What is Jet Blue’s strategic intent? , (3) What are Jet Blue’s financial objectives? Has the company has been successful in achieving their objective? , (4) What are Jet Blue’s strategic elements of cost, organizational culture, and human resource practices? Does each of these elements provide the organization with a competitive advantage? , and (5) What are Jet Blue’s strategies for 2008 and beyond? Will Jet Blue be successful implementing these strategies or not? Strategic Planning: Jet Blue Airways What are the trends in the U.S. airline industry? How might these trends impact a company’s strategy? With the constant changes in the country’s economy, airlines are having more difficulties reaching a competitive advantage. The constant raise in fuel and oil cost to fuel airplanes has caused airlines to come up with a plan to maintain these cost. In addition, the airlines also focus on increasing profit return to shareholders and company executives. To achieve this goals airlines have started to charge fees for services such as for checking in in-person, booking with a credit card, overweight baggage by the pound, luggage per distance, booking online, bags that want fit under the seat, transferring tickets to another persons...
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...CREDIT CARD CONTENT Sl. No | | Page. No | 1 | INTRODUCTION | 1-3 | 2 | CREDIT CARD: WHAT ARE CREDIT CARD | 4-6 | 3 | ADVANTAGES OF CREDIT CARD | 7 | 4 | DISADVANTAGES OF CREDIT CARD | 8 | 5 | CREDIT CARD: PROS AND CON | 9-11 | 6 | HOW YOUR CREDIT CARD IS CHANGING | 11-13 | 7 | HOW TO GET OUT OF CREDIT CARD DEBT | 14 | 8 | CONCLUSION | 14-15 | Credit Cards: Introduction Are you thinking about making a purchase? Among the payment choices tucked away in a consumer's a wallet is the credit card. Its popularity since its debut in the late 1950s has skyrocketed. Many people enjoy the convenience and protections it offers, such as the ability to defer payments and keep records of purchases. However, credit cards can either help to improve your lifestyle by offering convenient payment and helping you build credit, or they can leave you with a pile a of debt - it all depends on how you use them. Problems can be avoided but understanding the terms of the credit card agreement, spending wisely and selecting the appropriate card. Here we take an in-depth look at credit cards and provide useful information about how you can use one to your best advantage. How Credit Cards Built A Plastic Empire :- Credit cards are nearing necessity status in modern life. If you want to rent a video, book tickets online, or place an advanced order for something...
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...its year with a $3.2 million loss. In 1987, Wayne Huizenga bought Blockbuster entertainment and was soon joined by two investors who purchases stock in the company. Shortly after that Wayne expanded the company focus from franchise model to store ownership which made a huge difference in the company’s success. In the late 1993, Blockbuster became an acquisition target for Viacom media network company. The $4.7 billion deal ran into difficulties when Viacom positioned itself to purchase Paramount Communications. While the merger eventually took place stocks for Blockbuster dropped hugely. In 1998 was when Viacom announced its intention to sell its remaining share in Blockbuster. In 2005 was when Blockbuster decided to eliminate late fees which resulted in...
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...Personal Financial Planning “Cash Cows, Pigs and Jackpots – David Trahair” Presented to Professor E. Otuteye. By Andre Julien Caron 3289440 University of New Brunswick, Fredericton, New Brunswick. Canada ------------------------------------------------- Executive Summary This short book review will attempt to review the book “Cash Cows, Pigs and Jackpots” written by David Trahair. The aim of this review will be to give a detailed outlined of each chapter, a personal review as well as a conclusion. This book outlines many ways to save money as well as how to be efficient in terms of spending and saving. The author attempts to prove that every person should try to save in order to retire comfortably while advocating the principal of a “cash cow”. Meaning an asset that continues to produce income over its entire lifespan. Examples of a cash cow can be summed up to a dairy cow, meaning that even after the dairy cow is purchased and paid for, it continues to provide income for the owner in the form of milk. The book also attempts to reflect on different investments products such as Tax Free Savings Accounts and RRSP’s and the difference (Pro’s and Con’s) associated with each of these. This book also outlines the difference between home ownership, renting and condos. Each of these residential properties has significant Pro’s and Con’s that should be considered by all citizens that are actively looking to purchase a new residential property. Chapter...
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...mid-90’s internet had a revolutionary impact on information, since then information became information technology. Due to information storing, retrieving, transmitting data is much easier. Certainly, it is difficult to estimate the value of information technology in our society. Furthermore, many fields today highly depend on information technology, and it has opened doors to countless career opportunity for our generation. Information technology is bringing the world closer; there are no linguistic and geographical boundaries when it comes to sharing information. World as we know today has transformed in to global village. Information technology allows us to share information more rapidly and efficiently, in fact today we are able to share ideas with countries that are separated by not only distance but also language. Furthermore, information technology has also made communication cheaper and effective. Before internet existed communication solely dependent on postal and telephone services, but today we have text messaging, emails, video conferencing for instantaneous communication. Information technology has also given business around the world new prospective and possibilities, due to that reason world economy has seen an improvement in past few decades. To this day and time, information technology allows us to keep business open round the clock and seven days a week. In fact people are starting to prefer to shop online for its convenience and business is open any time any around...
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...Cash Versus Debit Cards When making a purchase, the situation that crosses a person’s mind if using cash was a better option than using debit. In today’s society, numerous individuals use their debit card to make a purchase no matter how big or small. It would be difficult to track the amount of money a person spends if they are constantly using invisible money. The draining process from constant surveillance over electronic bank statements can be untimely, especially if those individuals are on the go. Carrying cash on a person is more effective than a debit card because it helps maintain an awareness of money spent, limits overspending, and prevents unnecessary fees. For instance, a person immediately notices how much cash they are carrying in their wallet. This makes them conscious of what available funds they actually have. Pulling out the right amount of cash is done when it is decided how much is appropriate for the week. Although people may worry about spending too freely, a psychological thought barrier prevents them from doing what is best. Being conscious of how much cash is being carried tells him or her how much they are allowed to spend. This now means that every person will now think twice about a purchase. Not everyone has time, or patience to access their account through computers or their cell phones, especially during a transaction. Using an electronic form of payment will not help a person realize that small transactions will add up. Constant use...
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...Discuss the trends in the U.S. airline industry and how these trends might impact a company’s strategy Airline industry is a clearly structured industry. Trends in the U.S airline industry have an impact the strategies of the airlines especially the Jet Blue airline. U.S airline industry trends including increased crude oil prices, new technology advancement and the impact on post 911 aviation securities. Technologies place an important role in the airline industry today. Technology helps to develop great convenience offer to the customers. Internet as a way to book flights, check in, and check flight status. After the terrorist attack of the 911-airline industry have security systems protecting for the passengers. There are some main changes in the airline industry after attack of 911 such as baggage screening and passenger screening. After 911 federal government increased the air passenger safety. Screening procedures for passengers and their baggage including requiring passengers to remove their shoes and limiting carrying fluids on to the plane. Finally crude oil prices impact a company strategies in the airline industry. Crude oil prices increased dramatically and caused airlines to struggle. When the crude oil price increase they began to increase passenger fees for heavy bags, snacks and even blankets and pillows. Discuss Jet Blue’s strategic intent Discuss Jet Blue’s financial objectives and whether or not the company has been successful in achieving...
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...PRIMARY HEALTH CARE CLINICS IN WILLIAMSON COUNTY, TEXAS MARKET RESEARCH AND ANALYSIS AUSTINTATIOUS CONSULTING, LLC PREPARED FOR: DR. CHAU NGUYEN TABLE OF CONTENTS I. PURPOSE AND SCOPE OF ENGAGEMENT ........................ 1 A. YOUR CLINIC ........................................................................... 1 B. OUR EVALUATION.................................................................... 2 II. THE EVOLUTION AND CURRENT STATE OF THE HEALTH CARE INDUSTRY IN THE UNITED STATES............................... 2 A. THE IMPACT OF MEDICARE ...................................................... 3 B. IMPACTS OF THE THIRD-PARTY PAYER SYSTEM ........................ 3 C. THE AFFORDABLE CARE ACT AND BEYOND .............................. 5 III. MARKET STRUCTURE........................................................... 5 A. QUALITATIVE ASSESSMENTS .................................................... 5 B. QUANTITATIVE MEASURES ....................................................... 7 IV. COMPETITIVE ENVIRONMENT .......................................... 9 A. THE FIVE FORCES ................................................................. 10 B. SYNTHESIS ........................................................................... 11 V. LEGISLATIVE AND REGULATORY CONCERNS ............... 12 VI. CONCLUSION .................................................................... 12 ABSTRACT This analysis and memorandum were prepared by Marshall Coover, Chau ...
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...popular with travelers. But now that fuel prices have pushed up expenses for all airlines, and older carriers have sharply cut their own labor costs, the advantage JetBlue enjoyed as a start-up is greatly reduced. JetBlue — too new to have built up excessive costs that can now be trimmed, is trying mightily to raise fares in a bid to restore profits after surging fuel prices caused it to lose $42.4 million during the fourth quarter of 2009. The trends in the U.S. airline industry and how these trends might impact a company’s strategy The airline industry is susceptible to upturns and downturns with the trends in the economy. A growing economy and booming business mean greater demand for air travel, and a slow-down in the economy means reduced demand, consequent unutilized capacity and intensified competition. The availability of venture capital and other capital sources have an impact on the number of new entrants into the industry. Interest rate fluctuations have an impact on the cost of operations for companies that have high levels of debt. As a result, the JetBlue has struggled to survive. In 2008, crude oil prices increased to a record $140 per barrel (Thompson, Strickland, & Gamble, 2010). This dramatic price increase caused airlines to Struggle to offset the cost of fuel. Many began implementing...
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