Complete the strategic plan for Kudler Fine Foods. Include objectives, functional tactics, action items, milestones, tasks, resource allocation, and a deadline. In addition, analyze the key success factors for plan implementation. Include cash budget for the implementation plan and forecasted financials for Kudler.
Kudler stores have a fine selection of bakery and pastry products, fresh produce, fresh meat, seafood, condiments, packaged food, cheese, and specialty dairy products.
Each of the stores has a domestic and imported fare. The owners at Kudler are exploring ways to expand the organization and maximize profits. The three options for expansion are going public through and IPO, acquiring another organization in the same industry, and merging with another organization.
This paper will list the three options and provide the strengths, weaknesses, opportunities, and threats of each approach. IPO involves time, and the revealing of company information that competitors use for advantages.
The private equity investors have to share new capital with the public investors. The private investors loose a degree of control when going public.
The company founders may want to sell his or her shares through the IPO, but this is not allowed a period.
Everyone involved with the IPO face legal liability for the actions of each owner. According to Financial Management, acquiring another firm in the same industry has variables with multi-faucet advantages and disadvantages, depending on the execution of the plan.
They acquire assets, or they acquire operating firms. The big deal to understand is the two main questions behind the acquisition; what price to sell the organization for and what price to buy the organization.
The approaches to valuing the organization take a buyer so far, the rest is in the negotiations between the buyer and the seller.
As mentioned earlier, Kudler has also added two current stores in Del Mar, and Encinitas. Kudler Fine Foods can acquire one these companies, especially when Kudlers revenue is not growing fast, one of these companies can be better situated to increase rapid growth that Kudler Fine Foods needs.
It can also assist in their sales in Del Mar without moving the store. Obtaining a large competitor like Vons, Ralphs, or Albertsons can help increase their market share. What is the important to note is the strengths, weaknesses, opportunities, and threats of Kudler Fine Foods before acquiring another organization.
First, the strengths of Kudler Fine Foods, which in part is a small organization, no direct competition, the consumer has many choices from its luxurious bakery and produce department, and customer-friendly oriented.
To expand, the small organizations priorities will change meaning that the owner will not have that much time to go from store to store and check inventory, selecting and ordering products, and cashiering.
These tasks must be delegated. With the Acquisition of Iwamoto Crew Coe in Chicago, Illinois, it will enhance Kudler Fine Foods in organizational development with resources on how to expand, increase professional growth, marketing, and public relations. Merging With Another Organization Merging with another organization has downfalls of destroying wealth from the merger.
Considering the buying price is important when merging, spending too much on the merger will impound the value after the merger. Some mergers do not create wealth so capital is lost through the merger. There is no guarantee of financial gain and every formula considered with focus, just as with an acquisition.
The final decision dictated by the variables. One company merging with another company takes the debt and losses of those companies in the new formed company.
To evaluate the direction that Kudler Fine food wants to take the company has prepared a Strengths, Weaknesses, Opportunities and Treats SWOT analysis to assist the business leaders in making an intelligent decision regarding expansion.
The company strengths, weaknesses opportunities and threats are listed below. The company strengths are the organization is small, no direct competition, lots of choices for the consumer, very customer oriented, good store locations, high level of repeat customers, and the owner has good personal relationships with staff.
Kudler weaknesses are the company main product is perishable goods. Kudler is a specialty shop with a high pay-roll. The management team is small and could become overwhelmed with responsibilities. Currently, the Del Mar location is not performing well and the company also has geographic expansion limitations.
Kudler has the following opportunities.In San Diego metropolitan area, Kudler Fine Foods is an incredibly renowned trendy specialty food store that was opened in the year by Kathy Kudler. The company was based at distinct California locations to serve the ever-growing consumer's demand with high quality products at reasonable prices.
Business Strategy -- Kudler Fine Foods As companies grow a build customers bases and increase services to meet these demands there is a need to enhance information technologies to continually "Strategic management involves major decisions, business choices and actions that chart the course of the entire enterprise" (Gomez-Mejia et al., .
Developing sustainable competitive advantage requires strategic awareness of how and what a company should focus on. The response strategies that Michael E Porter (and other scholars) has termed are very useful in describing Kudler Fine Foods.
Kudler Fine Foods is committed to providing the finest organic gourmet foods, wines and preparation assistance available to give San Diego . Maytag's Marketing Strategy Plan This Research Paper Maytag's Marketing Strategy Plan and other 64,+ term papers, college essay examples and free essays are available now on initiativeblog.com Autor: review • February 21, • Research Paper • 3, Words (15 Pages) • 3, Views.
Kudler Fine Foods Virtual Organization Strategy for Kudler Fine Foods For many organizations, strategic decisions play an important role in how the organization plans to expand its business and its profits.