Questions for English class PDF

Preview

Summary

this is some of my work that you can use...

Description

1.How well is the company doing? Is it successful or in crisis? I think the company is doing pretty well. Revenues and sales have gone up every year since it was started.

2.What is Bob Lane’s problem? He doesn’t know if he wants the company to keep growing because he's the only person in a position of leadership within the company.

3.What are the underlying issues? These are various facets of the

problem and its solution. The company has only one main supplier called Carlson Brothers which was his employer before the company. Another problem is that the company doesn’t spend a sufficient amount of money on advertising to expand outside of Minnesota and Iowa and as a result, they are left with many of the same returning customers. Also, as stated in question 2, he is considering retirement, so he doesn’t know how big he wants the company to grow.

4.What outcomes/objectives is Bob trying to achieve with his decision? He’s trying to get his company to a level of revenue where it grows steadily enough for him to retire when he decides to. He also realizes that his current rate of growth is probably not sustainable and could potentially mess up his plans of leaving the company.

5.What alternatives are given in the case? Are there other alternatives

you can think of that will satisfy Joe’s objectives? A few alternatives are given in the case. Because of his desire to retire soon, he could give some of the power in the company to Koslo and Spooner. I think he could also get some advice from Cook since he was successful in the same industry. They also could improve on their national advertisement which I talked about in question 2.

6.What assumptions, if any, are you making so that you can proceed with your analysis? Why did you need to make these assumptions? I would assume that none of the alternatives would be in the company's best interest to make risky decisions that could simultaneously sacrifice the future growth and ceiling of the company. My assumption is based upon Lane's tendency towards hesitancy before taking large risks.

7.What alternative do you recommend and why? I think that he should distribute the leadership to Koslo and Spooner in a strategic way. He should give Koslo control over the Albert Lee plant and give Spooner control over the plant in Lennox. If he did this, Lane would get the chance to take an administrative role and give him the chance to improve advertising and take some of the stress of running the company off of Lane.

8.What could make your recommendation difficult to implement or unsatisfactory? What would you do in the event that implementation was stymied?

9.What steps should Bob Lane take immediately, in the short term, and in the longer term to implement your recommendation? Bob should continue to advise Koslo and Spooner on how to efficiently run the individual locations they supervise. Then to put a concentrated effort into expanding their market reach through various marketing and advertising strategies. This is helpful long term and short term since audience reach should be continuously grown overtime. He should then work simultaneously with Cook in order to continue increasing market share.

10. How will your recommendation affect Prairie Equipment’s financial performance? What items would you expect to change (and in what direction) as the result of implementing your solution? What other effects might your recommendation have on Prairie Equipment?...