Nobody downloaded yet

Finding and Evaluating Business Opportunities - Case Study Example

Comments (0) Cite this document
Both Tim and Brad Larson are entrepreneurs who aspired to manage businesses without any prior experience. However, while Tim began his entrepreneurial career with no financial backing, Brad had the privilege of his father’s financial capital and reputation for obtaining information on potential businesses for acquisition and guidance. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Finding and Evaluating Business Opportunities
Read TextPreview

Extract of sample "Finding and Evaluating Business Opportunities"

Download file to see previous pages Thus, in 1993, both Tim and Brad Larson had the advantages of experience in managing businesses, making investments and securing bank loans using the seller’s assets as collateral. However, as the case study suggests, all their potential target companies are small in size (valued at less than $5-$6 million each). Besides, each candidate business was involved in a specific business segment and was affected by either limited or unseasonal sales. Thus, the Larsons are expected to flourish the most through the focus niche strategy. This strategy is the most applicable as all target firms currently do not enjoy a wide scope in terms of cost leadership or differentiation. By adopting a focus strategy, the Larsons can focus their experience and limited resources on a defined business or market segment. Besides, the focus strategy works best for smaller companies and can be implemented with a focus on either differentiation or cost. Most suitable company for purchase The profile of each of the four companies shall be evaluated to identify the most suitable company for purchase (all discussions are with respect to the year 1993). Landscape Products manufactures a number of products and is operating at full capacity. While the labour costs are cheap, the demand is rather seasonal in nature. The company had been in operation for over 12 years and was managed by experienced owners. However, the company depended on supplies from certain lumber mills and there is no reason given for the unusual closure of some of these mills, which had a direct impact on the production output at Landscape. Hence, there is some uncertainty over when production levels would pick up and whether Landscape would be in a position to reduce its dependence on these mills and seek alternatives. Fairway Outfitters has a huge client list and shows a strong potential for growth in the future. Information from customers also indicated that they are satisfied with the services provided by Fairway. However, the small size of its workforce when compared to its long client list indicates that a strong reason for the company’s growth could be the experience and skill of its founder, who is now interested in managing some private golf courses. The fact that the founder does not have confidence in handing over the management to one of his staff members adds to this doubt. Richmond’s Snacks has performed considerably well within the snacks industry over a long period. These figures were achieved even though the company’s market was limited to the mid west. The company is however affected by a high level of seasonal sales. While there is a huge potential for growth (expansion into new regions, improving production capacity etc) at low investments, the company was being sold due to a struggle between the owner and his sons. It may therefore be advisable to evaluate any litigation that may exist before considering this company for purchase. Although Teletech’s product and operational procedure sound simple and interesting, it is a concept currently in development. The product is yet to be introduced into the market and there is no information or certainty if the product will succeed in evoking any interest among consumers. In fact, the company is in the process of testing the product and the actual product is to be introduced only after 8 months. Besides, the owner of Teletech was asking a steep price although the components involved in producing the product and related components are not very expensive. Based on the above considerations, Richmond’s Snacks is recommended for purchase among the four candidate firms as it produces a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Finding and Evaluating Business Opportunities Case Study”, n.d.)
Retrieved from
(Finding and Evaluating Business Opportunities Case Study)
“Finding and Evaluating Business Opportunities Case Study”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Finding and Evaluating Business Opportunities

Finding and Evaluating Business Opportunities

...are successful, if the students do not give enough priority to their education, it may adversely affect the basic objective of the proposed program. III. It is advisable for Feinberg, Levin, and Hamilton to design a specific path for the implementation of the proposed programs. Firstly, they must list all possible threats while planning the program in order to frame most suitable prevention tactics at the initial planning phase itself. Moreover, this process would help the management to implement and run the program without causing any interruption. Since the management is unsure about the success of the program, it is better to conduct a market research program that would explore all prevailing market opportunities and...
3 Pages(750 words)Case Study

Evaluating the Feasibility of Business Opportunities Legal Feasibility Legal feasibility analysis is conducted in order to determine the legal acceptance of the proposed systems. An evaluation of the legal issues helps to find out if there are any conflicts, misunderstandings or misrepresentation of legal procedures. For example, in case of real estate business or buying or selling of homes, management of data as well as proper documentation of real estate properties is essential. This is done with the help of data processing and analysis system. This processing system must comply with the local laws and regulations of data protection. However, a project or a business might face legal obligations even after...
8 Pages(2000 words)Research Paper

Business Research and Writing

...was to evaluate the factors that must be considered before expanding the business on foreign soil. To evaluate the factors, the study focused upon taking the scenarios of other electronic organizations that geographically expanded their business without any difficulties. The thorough investigation of similar businesses led to an understanding the organizations must consider opportunities and growth prospects before expanding outside national borders. This can be clearly witnessed through the expansion of Sony. Not only did Sony focused upon the opportunities, but the company also held the confidence to succeed in the...
12 Pages(3000 words)Research Paper

Career Opportunities for Business Students

...BACKGROUND AND PURPOSE This paper is about career opportunities for business in four year colleges and pursuing financial accounting s. The paper looks at the available opportunities for students who are about to graduate and who need to know what jobs they can apply to and what are the prospects for them after they graduate. The emphasis is on finding the trends and issues related to these students and describe how they can benefit from the opportunities available to them. The paper does not cover career opportunities for students who are pursuing other courses. The accent is on accounting students and hence students pursuing courses...
4 Pages(1000 words)Essay

Emerging Business Opportunities at IBM

...profits without considering other overheads that might be required for making the desired profits during the establishment of a new business, only serves to discourage the growth of such a business because, enough time is not allocated for a start into the business to the point where the business can sustain itself. IBM, for example, expected the new businesses to immediately start making profits and sustain themselves thus burdening them with expenses that proved hard for the new businesses to bear. 'Phobia' of new business opportunities may also account for barriers in establishment of new...
8 Pages(2000 words)Case Study

Business Opportunities in Brunei

...Business Opportunities in Asia Business opportunities in Brunei are determined by its unique culture and geographical location: Brunei is located inthe north part of the Borneo Island, or in the Southeastern Asia. The geographical position determines it effective positioning in the region: it borders the South China Sea and Malaysia (see Appendix). On the one hand, this geographical location will require additional costs spend on sea transportation, but on the other hand it will help to avoid transit zones and additional spending on land transportation. In Brunei, two-third of the population has Malay origin. Brunei is a members of ASEAN, United Nations Organization and...
2 Pages(500 words)Essay

Evaluating the Business Environment

...come to take a huge potion of the market that Ryanair had dominated. Although they do not have absolutely similar operations models, they have hugely focused on reduction of cost. The airline has been able to handle the external environment to its business quite well. As noticed in the earlier analysis and evaluation of the political events like the wars in the Middle East have, the company has taken time to seize this opportunity by purchasing a huge fleet of aircrafts. The airline’s customer relations strategy has also been well looked into although its relations with the competitors has not been the best (Philip & James 416 - 32). The airline is also well positioned as a low-cost...
10 Pages(2500 words)Essay

Business opportunities

...Module Business Opportunities A scalable business plan enables the business to grow and accommo more employees, extend locations and capture a larger market share. The most crucial concepts of building a scalable business are planning, directing, control and culture (Céline, Bérard and Luc, Cassivi 146-152). Planning entails formulation of a structure that is not rigid or inflexible but, that is easily understandable by everyone. Directing entails offering consistent quality products and service, reliable pricing, treating employees fairly and consistent delivery patterns. Controlling entails application of the necessary measures that enhances...
1 Pages(250 words)Essay

Evaluating international business communications situations

...expressions, and so on (Hooker 2012, p. 1; Carte and Fox 2004, p. 19). Martin and Chaney (2012, p. x) mention how a Chinese delegation may pay more attention to being greeted or not, as a non-verbal gesture of receiving importance. On the other hand, an average high-context cultural executive, such as one from the UK, may not find the matter significant although the action can hurt possible business deals. 3.2 The sensitivity and cultural differences in the UK market Having their presence in two different continents, the UK and China have great cultural differences although China is one of the most popular destinations for Western expatriate managers (Maude 2011). However, the same country is also the...
4 Pages(1000 words)Essay

Evaluating international business communications situations

...EVALUATING INTERNATIONAL BUSINESS COMMUNICATIONS SITUATIONS By + of ] [Date of Submission] Contents 1. Executive Summary 2. Introduction 3. Main Finding 3.1 Different ways of communication 3.2 The sensitivity and cultural differences in UK market 3.3 The Principles of Business Communications 3.4 To propose a communication plan for Holidays in China for British people 4. Conclusion 5. Reference 1. Executive Summary Communication is important for human beings to relate effectively despite their social or cultural backgrounds. The paper evaluates the different ways of communication that people use in the contemporary world. In particular, the communication strategies to be used in ensuring... together....
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Finding and Evaluating Business Opportunities for FREE!

Contact Us