Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

As mentioned last week the planning process begins with an environmental scan of the business and its relationship to vision and mission statements.  Read the following and complete the activities below:

Mohammed Abul and his family own the Long-lasting Boot (LLB) store. LLB is a specialty boot store located in the downtown area in a medium sized Scottsdale, Arizona and sells a broad line of boots to all members of the family including a novelty pet line. The store sells boots for work and recreation as well as a line of expensive cowboy boots for the tourist trade. The business is twenty-five years old. It has a reputation for being the best place to get boots in the community because of the selection, quality, and customer service. They will even work with custom designed boots for people with unusually sized feet or medical problems. The boots in some instances, work boots in particular, are considered expensive by middle class buyers but the construction quality is so long-lasting that it makes the higher prices seem worthwhile. Abul, who is 32 years old and just out of the military after 10 years of service, has returned to find the business at a crossroad.

The store is successful but sales are very slow growing at the moment. The family is looking to boost sales by developing a competitive edge for the future. Up until now the business has been successful because of the company's ability to anticipate changing boot styles.  In the past three years, sales have remained constant but growth has waned.  Despite sales, the use of loyalty reward cards and staying open later in the evening, revenue has not grown. Yet, total sales in the Central City metropolitan area including the suburbs have grown substantially.  Stores that sell in volumes like Wal-Mart and Payless have boot sales that pull in three times the sales of LLB.

Abul and his family are planning for the next three years and want to find ways to increase sales.  They have come to you for advice.  As their consultant, you want to cover the following ideas in your response:

  • Create a SWOT analysis;
  • Using the facts from the case study, discuss how you determined the various elements of the SWOT analysis

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92049270
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Management

What are some factors to consider when determining which

What are some factors to consider when determining which sorting algorithm would be best to utilize? Provide an example of how a list of elements can be sorted in an efficient manner.

Stews plastics produces a variety of cd cases the

Stew's Plastics produces a variety of CD cases. The best-selling product is the CD-50. Several products are produced on the same manufacturing line, so there is a setup cost each time a changeover is made for a new produ ...

Certiv in businesswhat are your project deliverables

CertIV in business What are your project deliverables (outcomes)? explain them. What documents should be forwarded to stakeholders? list 3 examples & related stakeholders

Create brochure that could be given to people considering

Create brochure that could be given to people considering starting their own business and who want to know the key considerations when developing a business plan and determining the best methods of managing the business' ...

Once considered pure science fiction artificial

Once considered pure science fiction, artificial intelligence (AI) is being relied on more and more in today's world. Artificial intelligence deals with algorithms based on complex data sets. If you had to tell story rep ...

Blurred boundaries -- as organizations become more

Blurred boundaries -- As organizations become more laterally structured, boundaries begin to breakdown as different parts of the organization need to work more effectively together. Boundaries between departments as well ...

In the spring of 2015 three utility companies in the

In the Spring of 2015, three utility companies in the Ukraine received email purporting to come from Ukraine's parliament, the Rada. It was addressed to employees that were used to receiving communications from the Rada ...

Colored cosmetics is a mineral cosmetics company that ships

Colored Cosmetics is a mineral cosmetics company that ships their custom-blended products all over the world. The company produces various colors of lipsticks, eyeliners, eye shadows, blushes, and foundations. You are th ...

Effective human resources professionals have a solid

Effective human resources professionals have a solid understanding of the changing nature of work and the workplace. Compare and contrast the evolution of work and the workplace over the past 20 years and how it has impa ...

Assume the gate delay is 50nbspns 1 nsnbsp 10-9nbspseconds

Assume the gate delay is 50 ns. (1 ns = 10 -9  seconds). Enter all numbers as integers (i.e., no commas or decimal points) The critical-path delay through a 4-bit ripple-carry adder is____ns. The critical-path delay thro ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As