Strategy
& Solution
& Solution
Which one of the following possible solutions was not listed?
More full-time worker
Distribute work evenly between workers
Implement a Scientific Management approach
Our statement of the problem consists of Lack of management and lack of profits, true or false?
False, lack of profits is not a part of the problem
What was our Immediate plan?
Cut down on the advertising budget
In our SWOT analysis, what threat that we mentioned revolved around supplies being shipped from multiple suppliers?
Having multiple suppliers will have an environmental effect and will affect the company's reputation
Alternative one: Selling the business. What was a con that we mentioned about selling the business?
Risk of losing a lot of money, Cost of selling the business, Time consuming
Josie’s lack of experience at the start contributed to the company’s current problems, true or false?
True
What was our short-term plan?
Evenly distribute the money from the advertising budget
For the Economic section of our PEST analysis, which example was used to reflect the high market rate at the time?
Sewers had requested a pay increase
Since the clothing supplier industry is extremely large and competitive, Berdytch is not able to maintain a dominant position due to their lack of quality management and with Josie being fairly new to controlling a business. Which part of the BCG Matrix does Berdytch fall into (100 points) and what strategy should they implement (200 points)?
Low share/high growth: Question Mark - Growth and Retrenchment Strategy
Advertising in different/non-traditional ways is an opportunity for the company to combat one of its current issues, true or false?
True
What was our long-term plan?
Effectively manage areas of struggle
In our Porter’s 5 Forces analysis, what level did we give to substitute products or services (100 points)? Why (200 points)?
Low - clothing is an everyday necessity, therefore there is no threat of substitute products