...Coffee Importation Advantages and Disadvantages for Tim's Coffee Shoppe Arthur Cosner Associate Capstone in Management June 3, 2013 Aaron Hochanadel In this week's assignment I will be researching coffee bean producing countries in order to find a supplier for Tim's Coffee Shoppe. For this assignment I will be looking at all of the possible effects of importing beans from other countries could have in Tim's bottom line for sales. I will also be researching how the different countries environmental laws either align with our country or what Tim may have to do in order to market his coffee appropriately as Tim would not want to have to keep his supplier a secret if a consumer asks where he gets his coffee from. The country I have chosen to buy coffee from would be Brazil. According to an article in Business Week, Brazil is the largest coffee producing country in the world (Businessweek.com). Brazil produces many different types of coffee beans and will potentially sell over 48.6 million bags of coffee in the year 2013 (businessweek.com). I have chose Brazil because since 1988 they have came a long way with environmental standards and also their trade policies when it comes to exporting goods. In 2011, Brazil was the U. S. largest source of imports and has many opportunities for growth for companies that want to do business in this country (export.gov). The Strauss Company located in Brazil would be the company I would use to get my coffee imported from. In 2000...
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...Tim’s Coffee Shoppe: Vision statement and Mission Statement Sherry Henryhand Kaplan University AB299: Associate Capstone Management Paul Biersack August 10, 2013 The difference between the vision statement and the mission statement is pretty much clear. The vision statement basically describes the organization as it would appear in the future successful state. So if the organization was to provide all of the strategic goals for the business and what they are trying to achieve in the next 10 years (SHRM: Society for Human Resource Management, Leading People, and Leasing Organization. Mission & Vision Statements: What is the difference between mission, vision and value statements? Retrieved, 2013). The mission statement basically explains the company’s or the (department’s) reason to existence. Mainly they describe the company or the (department), in what it mainly does and very much likely its overall of intention. Basically this mission statement mainly supports the vision and it also serves to pretty much communicate in purpose and also give directions to employees, customers, vendors, and mainly stakeholders on top of that (SHRM: Society for Human Resource Management, Leading People, and Leasing Organization. Mission & Vision Statements: What is the difference between mission, vision and value statements? Retrieved, 2013). So very much likely this mission can basically change to mainly reflect on a company’s or the (department’s) priorities and also the...
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...once he takes over ownership from the seller. Tell him what he will need to deal with in terms of setting up his new business, and the challenges that he will face. Remember, this is your good friend, and you want him to succeed in this new venture. You will present Mike with a report with the following structure. Remember, the Final Project is required to have the following structure: Coversheet Executive Summary Regulations Management Finance and Accounting Financial Statements Problem Solving The Coversheet should contain the title of your report, the date of submission, and your name. The Executive Summary should provide an overview of your findings. After the Executive Summary, you will explore the five different areas of Tim’s business. For each of these areas, you will provide a detailed report that contains a title, summary, and action items. Title of Subsection: Name of the business area (Regulations, Management, Finance and Accounting, etc.) Summary: Provide a detailed summary of what you observed in this particular area of the business. Describe any strengths and weaknesses. Unit 9 [AB298: Associate Capstone in Accounting] Action Items: Based on your analysis, detail for Mike what he will need to do once...
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...Cruzado Kaplan University AB299-37WCBOL Impact to the Profit and Loss Statement Tim’s Coffee Shoppe has been very successful lately with the local businesses around the shop and the large university. Tim seems to get most of his business from college students and people working in the downtown area. In Tim’s income statement, it shows that his highest expense is supplies for the coffee shop. His second highest expense is salaries. Then next are taxes, rent, depreciation, lease, insurance and interest in that following order. Tim’s Coffee Shoppe earned $400,527 in 2008 and his total expense were $326,016, which leaves him with a net income of $74,511. So if there are local businesses moving in around Tim’s Coffee Shoppe, will his business increase and what does this mean for his expenses, income and so forth? Granted, Tim’s business will pick up greatly with new businesses moving into the area. Therefore, Tim will probably earn more income, yet this means more expenses. We learned that Tim’s highest expense is supplies. If Tim gains more business, this means he will need more supplies and in return, spend more money on supplies. The second highest expense was salaries. If Tim gains more business, he may need to hire more employees to keep up with his growing business. This means Tim will have to pay more employees and this means his salaries expense will increase as well. Tim’s business increase means expense increase. However, with Tim earning more income, he...
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...2013 As we can see, Tim’s Coffee Shoppe is one of the more successful businesses in town; being located near the local university gives Tim a great customer base. Tim’s Coffee Shoppe seems to acquire most of its business from the college students along with the people who work in the area. Once we begin to take a look at Tim’s income statement, greatest expense is the supplies for the coffee shop. Since there are new businesses that are moving in and around town, it is safe to say that Tim’s business will probably pick up. If his business picks up then Tim’s income will increase. But there is a price to pay with the increase in his income; there will be an increase in his expenses. We can see that Tim’s highest expense is his supplies, so this also means he will have to put out more money to increase his supply of supplies. It seems the second highest expense was salaries. Being that Tim will be gaining more business, he’s going to need more manpower to help serve the customers that will be coming in. This means Tim will have to pay more employees and in turn, his salary expense will increase. As expected, taxes, rent, depreciation, leasing, insurance and interest follow. In the year 2008, Tim’s Coffee Shoppe earned $400,527 while his total expenses were $326,016. This leaves Tim with a net income of $74,511. So the question is asked, will Tim’s business grow and increase if other businesses move into the area? It doesn’t look like any of Tim’s expenses will be decreasing...
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...AB299: Final Project Section 1 July 16, 2013 Amanda Bender Executive Summary Tim’s Coffee Shoppe is located in Sunnydale, Illinois. Sunnydale is a mid-sized city with a busy business district and a large university and Tim’s is located smack dab in the middle of all the traffic. Tim’s Coffee Shoppe is in need of some much needed improvements and needs things to run more smoothly. Some of Tim’s problems were customer satisfaction, employee loyalty and marketing. The following pages have a detailed review of what Tim needs to become more successful. One of the most important things Tim needs to accomplish is a makeover of his human resource program to address employee training, thus creating better customer service as well as expanding the types of marketing he utilizes. If he follows suggestions he would have the opportunity to obtain his long term goals such as * To double revenue by the end of the current fiscal year. * To receive at least 95 percent positive customer feedback regarding the service we provide. Regulations and Management Summary The attempt is to suggest to Tim’s Coffee Shoppe’s areas of weaknesses where subtle improvement to business strategies which can bring in the much desired and needed revenues and increase customer traffic. It is also an attempt to provide cost effective products through a change in supply and logistics for Tim’s Coffee Shoppe. The market segmentation is also to be altered to expand his customer base. ...
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...Brazil’s Coffee Bean Business Valafontae Simmons Kaplan University Associates in Capstone in Management AB299-02 Professor: David J. Young December 30, 2014 Introduction Paragraph I. a. What are the economic advantages of dealing with a vendor from this country? b. Does the country have environmental laws that align with those of our country? What are they? c. Will there be a marketing advantage by divulging the source of the coffee beans? Why or why not? d. Will sourcing the beans from the supplier you choose affect Tim’s bottom-line or not? Brazil would be a good coffee bean producing country for Tim’s Coffee Shoppe to look into; being that it is the largest coffee producing country in the world. (Institute., 2001-2006) According to Institute in 2001-2006,“Coffee was introduced in Brazil by Francisco de Mello Palheta in 1727 from Cayenne, French Guiana. Today, Brazil is the world's largest coffee producer and is becoming a significant player in the specialty coffee industry.” Today, Brazil coffee beans are not only used for coffee blending; Now that they are not pre-blended for us we can roast them properly to amplify their diverse characteristics. (Institute., 2001-2006)Afterwards, if desired, we can blend the roasted coffees together to achieve a richer, bolder, and smoother espresso blend. (Institute....
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...Renee Canas AB299-01 Unit 4 December 3, 2012 Factor | | Tim’s Coffee Shoppe | Starbucks | Dunkin Donuts | | | Score | Comments | Score | Comments | Score | Comments | Quality | | 2 | Survey shows an OK product | 2 | Great coffee | 3 | Good coffee | Location | | 4 | Good location near campus and bus route | 3 | On my way to work | 3 | On my way to work | Brand Recognition | | 2 | Competing with chain recognizable locally | 1 | Recognizable all over | 2 | Popular brand very recognizable | Profitability | | 2 | Prices need to be more competitive and offer value | 3 | Pricey, great profits with merchandise and popularity of product | 3 | Affordable good product | Product | | 1 | Ok needs improvement | 2 | Excellent product, good variety | 3 | Good variety and good product | Staff | | 2 | Some complaints about morning staff | 2 | Staff is ok could be friendlier | 3 | Friendly staff | Total | | 13 | | 13 | | 17 | | My comparisons are based on the surveys provided in the simulation. Tim’s seems to be offering a fair product but will need to compete with a chain coffee shop. This means he will have to offer exceptional service and value to his product. He needs to set himself apart from the standard chain store. He can achieve this by ensuring a wide variety of great products. Most importantly the service will make or break any retail establishment. Having great service and satisfied customers will keep them returning. The fact that he has...
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...HR Technology and Leadership AB299 Associates Capstone Ann Pomerleau HR Technology and Leadership The technology that is used in human resource management can help make things easier for not only the HR department but everyone in that organization. But before any new technology is purchased and set into play, it is very important for the organization to do their research on the product. They shouldn’t be purchasing technology just because it is the newest and greatest, they need to make sure they are putting their money into something that will help the company in the long run by making the organization run smoother. They need to make sure it is something that is definitely needed and whether it will help improve the management of their resources. Biometric hand scanner system is a biometric machine that can scan an employee’s hand and that will clock the in and out for their shifts. It verifies the employee’s identity in seconds by taking a 3-D reading of the size and shape of the employee’s hand. This hand scanner will not only save the company money, but it is also cost efficient because it will cut down on fraud and the use of the “buddy system.” It will make it impossible for other employees to clock in their co-worker friends that might be running a little behind that day, or clock them out at the end of their shift if a co-worker friend would like to leave a little early one day. HR can benefit greatly by the hand scanner because it will help them with calculating...
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...is a extremely hard question to answer in general. There are so many different responsibilities a manger has to handle. Recruiting employees for the store is the manager’s prime responsibility. He not only has to hire the right candidates for the store but also train and guide them for their overall progression. He also must ensure that all the employees contribute to their level best for the efficient operation of the store. He must act as a strong leader and stand by his team at the hour of any crisis. It is his duty to explain to his team members with any other newly launched store software. It is his responsibility to delegate other responsibilities to his subordinates according to their specializations and bring the best out of them. Tim’s Responsibilities must align with every manager general responsibilities Tim must motivate his team members often. He has to make sure the store is meeting the targets and earning profits. He is responsible for the smooth and effective functioning of the operation. He is responsible for maintaining the overall image of the store as well. He must ensure that his operation meets the expectations of the customers and lives up to its predefined brand image. He must ensure: The store is kept clean, properly stocked and products do not fall off the shelves; make sure the atmosphere should be changed according to the season as well as the latest trends; Ensure the store is well lit, ventilated and offers a positive ambience to the customers; The...
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...Amy Belanger AB299 Unit 4 Assignment 7/23/2014 Factor | | Tim’s Coffee Shoppe | Competitor 1 Dunkin Donuts | Competitor 2 Star Bucks | | | Score | Comments | Score | Comments | Score | Comments | Quality | | 1 | | 3 | | 3 | | Location | | 2 | | 1 | | 3 | | Brand Recognition | | 3 | | 2 | | 3 | | Profitability | | 2 | | 3 | | 2 | | Product | | 1 | | 2 | | 3 | | Staff | | 1 | | 3 | | 2 | | Total | | 10 | | 14 | | 16 | | As you can see Tim’s shop has the lowest score between the two other competitors. Some of the advice I would give Tim is that for the three lower score that are a weakness for the business would be the quality, product, and staff. For the quality of the business to make it better for business I would want to make some upgrades to certain products like the computer for starter. Then the next would be getting a credit card machine. Not everyone carries cash anymore. Plus being so close to the college give him a better advantage to have more college student came in an purchase items knowing that Tim’s excepts credit cards or debits. The product aspect of the business would be the variety of foods he offers. If the menu was larger or offered different products than other in the area he would probably get different kinds of customers as well. Like when he wants to try the quiches out in the store. This would attract an older type of crowd. This would make the product aspect go up in the business. ...
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...Vision Statement vs. Mission Statement George Leslie Kaplan University Vision Statement vs. Mission Statement To first understand the difference between a vision statement and a mission statement, one must first know what each statement is or know how to define them. The success of any business lies within the vision statement and mission statement. It is all about being able to accomplish the vision and the mission of the business. Therefore, it is important for a business to have a vision and mission. The purpose of the vision statement and mission statement is to establish and convey the directions in which an organization is trying to go (Mission statements, 2014). The big difference between the visions statement and mission statement is that they serve for different purposes. Let’s define and establish the difference between visions statements and mission statements. According to the businessdictionary.com, a mission statement is defined as “a written declaration of an organization's core purpose and focus that normally remains unchanged over time. Properly crafted mission statements (1) serve as filters to separate what is important from what is not, (2) clearly state which markets will be served and how, and (3) communicate a sense of intended direction to the entire organization” (Mission statement, 2014). To grasp a clear, concise understanding of what mission statement is, it can also be defined as being the organization’s purpose and objectives. The...
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...AB299: Unit 2 Section # 01 10/03/2014 | | | | | |Factor |Tim’s Coffee Shoppe |The Black Dog Cafe |All Saints Cafe | | |Score |Comments |Score |Comments |Score |Comments | |Quality |1 | |4 | |4 | | |Location |2 | |2 | |3 | | |Brand Recognition |3 | |4 | |2 | | |Profitability |2 | |2 | |2 | | |Product |1 | |1 | |2 | | |Staff |1 | |2 | |4 | | Total |10 | |15 | |19 | | | Comments regarding The Black Dog Café: Quality: Products offered are made with materials from independent suppliers rather than large chain stores. When possible, the supplies come...
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