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Tag Archives: innovation
Case analysis on specialty teas 2023 Best
This assignment involves writing a case analysis on specialty teas business. Questions 1. You need to perform a SWOT analysis on the company 2. What do you think of STs strategy of selling only to “high end” retail outlets? 3. ST still maintains a very loyal following for its product.
Case analysis on specialty teas
Questions 1. You need to perform a SWOT analysis on the company 2. What do you think of STs strategy of selling only to “high end” retail outlets? 3. ST still maintains a very loyal following for its product. How should the company ensure growth, or at least maintenance, of this customer base? 4. How would you characterize the internal communications of the company? 5. What communication habits and behaviors have been established by leadership within the company to date? Evaluate how this communication influences motivation, innovation, and productivity within the company. 6. ST has a relatively complex supply chain, starting with growers in tea producing countries.
Case analysis on specialty teas
Discuss opportunities and challenges for the company in managing this chain. Case Analysis For your case analysis, you will need to conduct a SWOT analysis on the company and answer the questions at the end of the case. This is an overview of the SWOT analysis: SWOT ANALYSIS SWOT analysis is a method for analyzing a business, its resources and its environment. SWOT is commonly used as part of strategic planning and looks at: · Internal strengths · Internal weaknesses · Opportunities in the external environment · Threats in the external environment The key point to remember about SWOT is that: Strengths and weaknesses · Are internal to the business · Relate to the present situation Opportunities and threats · Are external to the business.
Case analysis on specialty teas
Relate to changes in the environment which will impact the business · Another way of looking at opportunities and threats is to envision them as the favorable and unfavorable external trends that a company is facing in the environment. Opportunities are the favorable trends and threats the negative trends. Internal Strengths and Weaknesses · Financial resources, such as cash reserves · Labor and managerial skills, such as the expertise to produce high-technology products or to manage large advertising budgets · Production capacity and efficient equipment · Research and development skills and patents · Control over key raw materials, as in the ownership of energy resources.
Case analysis on specialty teas
Size and expertise of the sales force · Efficient or effective distribution channels and systems · Environmental Threats and Opportunities · The Cooperative Environment (suppliers, resellers, other departments in the firm, sub departments and employees of the marketing department. · The competitive environment. Opportunities in the environment for 1) Acquiring competing firms; 2) offering demonstrably better value to consumers and attracting them away from competitors; and 3) in some cases, driving competitors out of the industry. Also the globalization of business. Competitors do not only come from the domestic arena, but they could be headquartered anywhere.
Case analysis on specialty teas
Technology might provide competitors with an advantage and changing channels of distribution could make your business obsolete. · The economic environment. The state of the macroeconomy. What foreign nations are growing and which ones have remained stagnant. What are the forecasts for the domestic economy? Income distribution, savings, debt and credit availability, outsourcing and free trade. · The social environment: what are some of the major social trends? Some foreign countries (in Asia and Africa) are experiencing an explosion of population while some others (Japan and Europe) are facing a drastic decline of births and a shrinking population.
Case analysis on specialty teas
In the US we have seen changes in family structure, the aging of the population, the ethnic composition of the population, and the movement of people from northern to sunbelt states. · The political/legal environment: How regulated is the business environment? European countries tend to have a lot of regulations, while in the US we have experienced deregulation in recent years. Growth of special interest groups (for example, non-governmental organizations). · The technological environment: changes in technology can assist or harm a business. The introduction of the personal computer was a major threat for IBM. https://youtu.be/jerRxaeUL2M
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Creating a pitch for funding. 2023 Best
This assignment involves creating a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service.
Creating a pitch for funding.
In this pitch, you will have to convince senior management to greenlight the new product or service. Aspects of the pitch that must be addressed: Value proposition: Describe the company’s current value proposition in the market. Describe the selected company’s main product or service. Discuss the company’s overall strategic plan. Competitive advantage: Describe the competitive advantage the company will gain by funding the project. Describe how you discovered an opportunity to do something better than your competitors. Determine how the new product or service shifts the value proposition of the company.
Creating a pitch for funding.
Risks and opportunities: Establish the risks and growth opportunities of the company. Determine if the new product or service could disrupt the current industry. Identify the risks associated with the development of this new product or service. Growth opportunities: Describe the areas of potential growth for the company. Identify the growth opportunities within the company. Explain how the competitive advantage allows for growth. Distinguish as a new product or innovation: Distinguish the new product/service as an innovation or improvement on an existing product/service. Determine if the product or service fits within the capabilities of the company.
Creating a pitch for funding.
Note: a company’s SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible. Explain how the new product or service adds to the portfolio of the company. Target segment: Describe the targeted segment. Identify the target customer. Explain your blue ocean strategy. Note: The new market is identified here. Speculate sales: Speculate on the projected sales. Justify your product or service by the numbers; discuss your projected revenue gain. Note: it MUST have an ROI that justifies the project for investors and/or senior management. Explain the risks associated with projected sales.
Creating a pitch for funding.
Speculate profitability: Speculate on the profitability of your proposed product or service. Determine if the project is profitable. Note: In this pitch for funding, senior management has to know that the project, based on market research, is speculated to be profitable. Use the company’s current income statement to project how the company’s profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: these numbers are purely speculative. Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on).
Creating a pitch for funding.
CSR plan: Outline the plan to service the community or customers that purchase the product or service. Discuss how the idea demonstrates corporate social responsibility (CSR). Identify what the company has invested in as it relates to the communities they serve. Discuss how a good CSR plan helps the company gain competitive advantage. DEI plan: Summarize how the project will include a variety of perspectives to get a better unique value proposition. Determine if the company has a corporate culture built on DEI. Discuss how the project’s DEI plan fits into the company’s overall strategic plan. https://youtu.be/SB16xgtFmco
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Approaches to and theories of leadership 2023 Best
This is a review and a discussion on the main approaches to and theories of leadership that best contribute to a hospitality or tourism organisation’s capacity to engage in successful innovation.
Approaches to and theories of leadership
Assessment 2: Individual Reflection (50%) Throughout the unit, you must maintain a reflection that appraises your own leadership styles and skills whilst working on the Group Report and Presentation. In these terms, you must create a plan to overcome weaknesses in any aspects as a future leader in the industry. You are required to: • Review and discuss the main approaches to and theories of leadership that best contribute to a hospitality or tourism organization’s capacity to engage in successful innovation.
Approaches to and theories of leadership
Maintain, throughout the unit, a reflection that appraises their own leadership styles and skills whilst working on the Group Report and Presentation and create a plan (using SMART goals) to overcome weaknesses in any aspects as a future leader in the industry. The reflection is a 2,000-word report that requires academic references. The Individual reflection is to assess the following learning outcomes: LO1: Critically appraise the main theories associated with leadership and their potential impacts within hospitality organisations. LO4: Critically assess the importance of effective (a) leadership and (b) innovation upon the performance of hospitality organisations. https://youtu.be/KNbrtvglBjE
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