Implementing Strategy - Assignment Example

Implementing Strategy Implementing Strategy for Baldwin Production Baldwin prides in the increased production of its products. After round eight, Baldwin had 21. 65% of the overall market share. That was third after Digby’s 31. 99% and Erie’s 21.93% of overall market share. That is attributable to the steady production realized by the business. Furthermore, Baldwin has a record $ 40,427,031 in profit after round 8 (Capstone, 2015). That was second after Digby’s leading performance of $ 101,437,614 in profit after round eight.

The exceptional performance of Baldwin during the eight rounds reveals a perfect trend in production. That is also evident in the stock price after round eight in which Baldwin had $166.47, second after Digby’s 320.07 that was the best performance. Research & DevelopmentAs a business that values improvement in its products, we invested in research and development. The following represents the implementation strategy for research and development during the first four rounds of competition. For round 0, R&D was $0 for all the five products.

That remained similar for the Baker and Bead products in round 1. However, Bid, Bold and Buddy products had $886, $ 778 and $ 892 in R&D, respectively, during round 1. During round 2, Baldwin spent $140 on R&D for Baker, $40 for Bead and $1000 for each Bid, Bold and Buddy. During round 3, R& D were $854 for Baker, $0 for Bead, $274 for Bid, $161 for Bold, $20 for Buddy and $952 for Bobo products. For round 4, R& D were $0 for Baker and Bead, $874 for Bid, $ 842 for Buddy and $820 for Bobo. In round 5, R& D will be $0 for Baker, $0 for Bead, $989 for Bid, $864 for Bold, $849 for Buddy and &473 for Bobo.

In essence, research and development after the introduction of Bobo was higher. After all the eight rounds of competition, product improvement was achievable due to high investment in research and development. FinanceBased on the financial historical summaries for Baldwin, the following were the financial performances. As the Baldwin team, the net income increased steadily throughout the eight rounds. Round one performance was $1, 061, 000 while round eight performance was $40, 427, 000. The cash flow from operations varied during the eight rounds.

While, round one was $3,282, 000, round four was $1, 628, 000, round five was $34, 236, 000 and round eight was $ 47, 774, 000. Baldwin great performance in profitability after the eight rounds of competition. It had $ 40,427,031 in profit. MarketingBecause of its exceptional marketing strategies, Baldwin realized 11.27% in traditional segment share after the eight rounds of competition. That was third after Digby and Erie that had 45.79% and 42.85% of traditional segment share respectively after the eight rounds of competition.

Part of its performance is attributable to the promotions it engage in. for instance, Baldwin undertook promotions a part of its strategies for improvement. The promotions were different for five brands as displayed on the 2015 income statement. Barker product recorded a sales of $1000, bead recorder $900 in sales, Bid recorder $800 in sales, Bold had $700, similar to Buddy that also had $700 for round 0. ReferencesCapstone. (2015). Industry C71048 selected statistics for round 8.