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Both Dwayne and Fred faced some ethical issues since they had to operate cooperatively with their eventual competitors; therefore they decided to start a new venture of their own. They had better access to market and suppliers and several years’ industry experience as their main competitive advantages for running a new venture. However, in my opinion, they did not have an accurate business plan at the beginning and it caused dilemma at every phase of the project development. In addition, they were not adequately leveraged with capital, and subsequently their business confronted with a sequence of crises. It seems that some assumptions they made were unreasonable. For instance, they thought that capital acquisition would be an easy process; and that misconception led them to difficulties. 2. Dwayne and Fred had to address many ethical issues while contemplating starting their business. They were to spend more in order to comply with the projected ramp up. It caused some unexpected financial expenditure and badly affected the balance of designed budget. In order to meet the startup costs of $87,500 and possible operational losses, the partners took a loan of $300k a large regional bank called Zinc’s. As a result of various expansion activities, their monthly operational expenses rose to $24k (including several interests).
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THE CASE OF THE MISSING PET SUPPLIES Question #. Given the five keys to success, did Dwayne and Fred initially have a viable business model? Did the numbers add up? Were any assumptions they made unreasonable? Answer #1. After reviewing the five keys to success, market suppliers, industry experience, accurate business plans and access to capital, it is clear that Dwayne and Fred have a decent business model.
Their prior experience in sales in the industry will help them build productive business relationship with their customers. The two weakness of their business venture was their business plan and access to capital. Their business plan did not contemplate changes in the projected sales and it had cero room for error.
The case of the missing pet supplies 1)Given the five keys to success (access to market, access to suppliers, industry experience, accurate business plans and access to capital) did Dwayne and Fred initially have a viable business model? Did the numbers add up?
Firstly he analyses the situation in the company, its history and previous development. Taino produces a wide range of traditional as well as innovative products. The most of them are designed for building industry. It has developed and produces green products such as using fly ash in concrete products, cobblestones with enhanced durability and sunlight cobblestones.
The nature of the business operations are changing, which in turn is accelerating transformation of economic activities in North American, European, African, Asian and Latin American markets. It has been stated by McKinsey Global Institute research, that about 400 midsized cities in the world will be responsible for 40 percent growth of the global market in the next 15 years.
This bill that was to passed into law had a number of implication. The law attracted many ethical questions as to whether is right to send one into prision due to their health status; though this is not the major concern. The law is intended to prevent the spread of HIV/AIDS.
The individual level is the basic level that involves the behavior of an employee. The group level is made up of different individuals working in a certain unit or function as well as the interactions and relationships within. The system level involves all the individuals and groups comprising the organization including the relationships among these individual and groups.
As foreign marketing analyst for Acme Pet Products, my purpose was to determine the scope of the problem, the views of the key players and the possibilities of utilizing our products. I also hoped to forecast sales opportunities available there. This project was proposed, authorized and agreed by CEO, George McIllicuddy and was limited to a budget of $5000 US and a timespan of two weeks.