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And lastly, Cuppacino LTD has a low net profit margin indicating they are at a high risk of losing profits if there is a decline of prices in the industry which would result to a net loss. It also shows that the business has poor operational efficiency and a deteriorating performance in the industry.
After the examination of the financial report, it can be finalized that Cuppacino Ltd is not maintaining steady assets to liability rate ratios and as a result the profits before tax have decreased within the year. The financial sector of a business is the foundation and it is important. This sector has to be addressed accordingly in order for Cuppacino Ltd to achieve it aims. The sources of finance for the business and how reliable they are have to be analysed.
After verifying the sources, a clear financial program needs to be established so that Cuppacino Ltd can target their customers better as well as identifying their competition within the market. It is also called operation or production functions. There are two classifications for business operations and they are manufacturing and service. Cuppacino operates both. In Cuppacino LTD, operations suffer a number of issues as seen in the case study.
One of them is that the daily demand of coffee cannot be predicted. Cuppacino should take this into consideration while deciding on the steps to take to move forward. To add to that, Cuppacino provides a limited range of beverages and snacks. This would cause consumers to go to Cuppacinos competitors around them to get a broader range of products. The quality of customer service at Cuppacino suffers and it is lower than that of their competitors. This is due to mistakes made with orders that lead to complain by the consumers.
Cuppacino LTD is not willing to take risks to make their business project. This is an issue because risks could improve the sales in the business increasing profits as well. After stating the above issues, using the five operations performance objectives Slack, Jones, Johnston, it is safe to say Cuppacino is not excellent with their operations performance.
The modifying of product range would help increase the sales because consumers are giving a lot of options to pick from. Also, staff training in the human resource sector of Cuppacino would improve staff and service quality. If this action is employed, the target market would be made clearer.
At Cuppacino, the HRM suffers a huge amount of issues. Cuppacino LTD is treated as a family business with little interest on making profits by the owner. Before decisions are made, mark must be consulted this causes staff to have job dissatisfaction as well as the feeling of lack of feedback and involvement in decision making. He also treats Cuppacino as a family business with little interest to profits.
He gives zero hours to contract which can discourage workers from retaining their job after a certain period of time. This is because workers would not be satisfied with a non-constant salary. And relationship within staff is poor as staffs in the different shops do not interact with each other. There is also confusion of hierarchy within staffs. In addition, Mark is very reluctant to spend money on training.
Job descriptions for workers are unclear due to the way Mark runs the business. Lastly, staffs are polite but they appear unfriendly and unwelcoming. The business is not provided with a promotional budget making them unable to advertise the coffee shop in order to get members of the society to be aware of the shop. This results to a stagnant or decreasing amount of consumers as well as sales.
The mind-set of the business owner is unhealthy in terms of marketing. Word of mouth in the situation at which Cuppacino Ltd is at is the cheapest advertisement strategy but not the best considering their many flaws. The layouts of the cafes are increasingly going out of date. From the review of the case study it is safe to say Cuppacino sees the coffee as the only product rather than the experience itself.
In order to better the marketing strategy of Cuppacino Ltd, the target customers and position of the business in its industry as well as its product needs to be recognized. A useful way for analysing the ongoing market arrangement and beginning to compare the business with its competitors is the segmentation and targeting technique created by Kotler It is fundamental to create value for customers and also create vigorous relationships with them in order to capture the desired emolument in reciprocation, according to Kotler After taking to account these strategies it is safe to assume that the main market segmentation strategies that Cuppacino Ltd needs to focus on are its psychographic segmentation and coverage strategies.
The target market range for the business needs to be determined through the services and promotions offered. In addition, the offered services need to be compared to those of the main competitors for Cuppacino Ltd for the business to have the ability to operate to its full potential.
Preceding the development of a strategy, a vision and mission statements need to be established for the plan and procedures to be implemented. Taking into account that Cuppacino is ran as a family, it can be said that customer satisfaction is a joint goal.
Cuppacino Ltd desires to improve their image in the coffee industry as well as have consistent top quality product and service. After having outlined these guidelines for future progression, a layout for the implementation of strategic direction is brought to light. Cuppacino is currently has no clear target market of customers. Accounting Simplified. How to you calculate the debt-to-equity ratio.
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Journal of Finance and Economics. Email: hamakush. The banking sector plays an important role in supporting economic growth especially in allocating funds from savers to borrowers. The productivity level of the banking system is of great importance for the whole economy to operate more effectively. Electronic banking has been the center-stage of modern banking with enormous benefits. From this point of view, this research paper contains an effort to critically examine the activities of the banks and make concrete suggestions in the new economy process also at the same time called the information economy, the network economy and the computer age.
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Full PDF The purpose of conducting this research is to analyse the relationship between financial crisis and performance of the 14 consumer services listed firms in Bursa Malaysia main market.
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Investinganswers financial dictionary translator | He also treats Cuppacino as a family business with little interest to profits. This expected return is plotted against the corresponding standard deviation [15]. A free lunch refers to a situation where there is no cost incurred by the individual receiving the goods or services being provided, but economists point out that even if something were truly investinganswers financial dictionary translator there is an opportunity cost in what is not taken. Applied Economics, 43 1 Adam Hayes. Using the input data from Table 2the model was run four times using different optimisation constraints. After that, the variance of increase in productivity is minimised, subject to these extra constraints, resulting in an optimised percentage split that top management can use to distribute an extra budget for improved productivity in maintenance. |
Investinganswers financial dictionary translator | After that, the variance of increase in productivity is minimised, subject to these extra constraints, resulting in an optimised percentage split that top management can use to distribute an extra budget for improved productivity in maintenance. This will increase sales as well as profits. Debt ratios. Investing Answers. Intuitively, it can be deduced that click the variance in productivity within a maintenance department will encourage more consistent continual maintenance, rather than maintenance upon failure of an asset. |
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Investinganswers financial dictionary translator | The currency of the affected nation will decline and make it less competitive in the market. Investopedia does not include all offers available in the marketplace. And relationship within staff is poor as staffs in the different shops do not interact with each other. They could make flyers to hand around and posters hang up around the town. Debt ratios. |
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From this point of view, this research paper contains an effort to critically examine the activities of the banks and make concrete suggestions in the new economy process also at the same time called the information economy, the network economy and the computer age.
The research employed a research questionnaire from a survey that sought to seek opinion from customers and experts regarding the banking sector and the new economy in Ghana. The findings of the study shows that in the adoption of the new economy in the banking sector, many challenges such as high charges, e-crime and fraud are of great importance.
To deal with the challenges of adopting e-banking services, the research paper recommend that the universal banks or commercial banks should undertake rigorous internal control measures to reduce the high charges so as to establish a judicial banking system and also the bank of Ghana should develop a robust regulatory framework to avoid cyber risk and Ponzi banking schemes.