Reference no: EM13924690
Alternative Strategies for Kudler Fine Foods
Kudler Fine Foods (KFF) has a vision and needs to use strategic planning to grow. The strategic section involves a constant evaluation of internal and external environments and how it affects KFF's future. Team B will present five alternatives for KFF to plan successfully for future endeavors. These alternatives consist of management restructure, market development, product development, differentiation, and technological advancements.
Management Restructure
KFF has grown out of its initial business plan and can no longer grow with one person running everything. KFF can use horizontal integration as a strategy to improve the company management. This strategy allows the skills of KFF managers to convert possible new sites into profitable contributors to the profit margin (University of Phoenix, 2009). The special thing about this process is that it expands on a fundamental competitive advantage for KFF - the knowledge management has of key personnel.
A strategy that could be used to restructure management is retrenchment. Retrenchment is trimming current operations. If the weaknesses of KFF come from inefficiencies, retrenchment can serve as a turnaround strategy (Pearce & Robinson, 2009). This could result in KFF gaining new strength from streamlining of operations and elimination of waste.
Market Development
Another strategy that KFF could implement to increase sales would be the grand strategy of market development. The main reason a market development strategy fits the organization relates to the span of control issues that develop with additional locations with limited capital investment. This strategy "ranks second only to concentration as the least costly and least risky of the 15 grand strategies" (Pearce & Robinson, 2009, page 214).
|
Based on your analysis should the company open the mine
: Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company's geologist, has just finished his analysis of the mine site. Construct a spreadsheet to calculate the payback period, internal rat..
|
|
Alternative strategies for kudler fine foods
: Kudler Fine Foods is a gourmet food shop owned by Kathy Kudler whose sole purpose for opening such a store was driven by her passion for gourmet cooking. Kudler Fine Foods has experienced huge success since its birth in 1998, because of the consum..
|
|
Explain price discrimination strategies available to firms
: Choose two different Australian industries that represent monopoly and monopolistic competition. What characteristics of these industries and their products can be used to explain the differences between the two market structures? Using real data ..
|
|
The after-tax cost of debt
: You were hired as a consultant to Keys Company, and you were provided with the following data: Target capital structure: 30% debt, 15% preferred, and 55% common equity. The after-tax cost of debt is 4.50%, the cost of preferred is 8.00%, and the cost..
|
|
Alternative strategies for kudler fine foods
: Kudler Fine Foods (KFF) has a vision and needs to use strategic planning to grow. The strategic section involves a constant evaluation of internal and external environments and how it affects KFF's future. Team B will present five alternatives for..
|
|
The margin of safety
: Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $40, and the fixed costs per month are $5,000. The margin of safety is:
|
|
Some of the ethical responsibilities and obligations
: List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.
|
|
How many units must be sold to break-even
: Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16.00 per book Variable cost per unit: Production $4.00 Selling & administrative 2.00 Fixed costs: Production $90,400 per year Selling & admini..
|
|
Finance expansion during the current fiscal year
: Schooner Yachts is a closely held company that was founded in 1970 by Russ Breaker to build a top-quality line of sailboats. The company’s debt ratio is 48 percent, compared to an average ratio of 36 percent for sailboat companies in general. Schoone..
|