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CASE STUDY: RAJU’S MILLENNIUM SHOES
After graduated from UMCced, Raju worked at large shopping mall in the Kasut You Shoe chain of stores before he becomes businessman. He accepted the job at Kasut You Shoe although it was not exactly the job he had wanted because he had gone through weeks of unsuccessful job hunting. After working at the store for a year, he became increasingly unhappy. The job offered security but he was given very little responsibility and there was no opportunity for advancement.
Events changed for Raju when he inherited some money from his wealthy grandfather. He had always dreamed of owning his own business. He felt that working for someone else was too restrictive. Raju had a talent for creative ideas and had never had an opportunity to use his ideas while working for other people. He loves to design his own brand of shoes which can be used by both male and female and fit for both formal and casual occasions. He did enjoy the personal selling involved in selling shoes and saw a need in his home town for a unique shoe outlet.
After consultation with his parents who had been self-employed in his hometown for 15 years, they had agreed to rent him a vacant space next to their existing shop which can be renovated into shoe production workshop and outlet. After selecting the company name "Millennium Shoes", Raju come to you for advice on starting his new business.
Considering the facts given in the case study:
- Explain THREE (3) sources of creativity and innovation that Raju can use to help him in running his new ventures successfully.
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?CASE STUDY: RAJU’S MILLENNIUM SHOES After graduated from UMCced, Raju worked at large shopping mall in the Kasut You Shoe chain of stores before he becomes businessman. He accepted the job at Kasut You Shoe although it was not exactly the job he had wanted because he had gone through weeks of unsuccessful job hunting. After working at the store for a year, he became increasingly unhappy. The job offered security but he was given very little responsibility and there was no opportunity for advancement. Events changed for Raju when he inherited some money from his wealthy grandfather. He had always dreamed of owning his own business. He felt that working for someone else was too restrictive. Raju had a talent for creative ideas and had never had an opportunity to use his ideas while working for other people. He loves to design his own brand of shoes which can be used by both male and female and fit for both formal and casual occasions. He did enjoy the personal selling involved in…
- Case Study Scenario # 8: Big money maker A woman is sexually harassed by a top-level senior executive in a large company. She sues the company, and during settlement discussions she is offered an extremely large monetary settlement. In the agreement, the woman is required to confirm that the executive did nothing wrong, and after the agreement is signed the woman is prohibited from discussing anything about the incident publicly. Before the date scheduled to sign the settlement agreement, the woman's lawyer mentions that she has heard the executive has done this before, and the settlement amount is very large because the company probably had a legal obligation to dismiss the executive previously. The company however wants to keep the executive because he is a big money maker for the company. What are the issues of integrity, ethics and law posed in the case study? What options does the woman have, and what should she do and why?CASE STUDY: RAJU’S MILLENNIUM SHOES After graduated from UMCced, Raju worked at large shopping mall in the Kasut You Shoe chain of stores before he becomes businessman. He accepted the job at Kasut You Shoe although it was not exactly the job he had wanted because he had gone through weeks of unsuccessful job hunting. After working at the store for a year, he became increasingly unhappy. The job offered security but he was given very little responsibility and there was no opportunity for advancement. Events changed for Raju when he inherited some money from his wealthy grandfather. He had always dreamed of owning his own business. He felt that working for someone else was too restrictive. Raju had a talent for creative ideas and had never had an opportunity to use his ideas while working for other people. He loves to design his own brand of shoes which can be used by both male and female and fit for both formal and casual occasions. He did enjoy the personal selling involved in…10 CASE STUDY Tyrone is a College senior who is majoring in journalism. In 2013 his home was destroyed by fire. This year he owns a high mileage 2015 BMW. He owns expensive clothes, television set, stereo set, and other personal property in a rented apartment. He also has a waterbed in his rented apartment that has leaked water in the past. Tyrone runs five miles daily in a nearby public park that has the reputation of being extremely dangerous because of drug dealers. His father who worked to help him pay his tuition fee was killed by gang members in a drive by shooting. Define the following terms using examples from the case study: i. Property risk ii. Personal risk iii. Hazard iv. Peril A. B. C. Identify two (2) risks that Tyrone may be associated with due to the premature death of his father. For each of the following risks of loss exposures, explain an appropriate risk management technique that could be used to deal with the exposure. i. Liability lawsuit against Tyrone arising…
- IBM Global Center for Smarter Analytics Case Analysis 7: Hamilton County dropout rates and lagging performance required the county to address these problems on the individual student level. Department of Education But that meant first finding the students who needed help, and doing so before their problems led them to drop out of the Hamilton County school system. At the end of the day, there's no one better positioned to sense when the student is in academic trouble than a teacher or counselor with whom students have a direct relationship. The trouble is, warning signs are often complex and cumulative in nature, thus escaping the notice of frontline educators and administrators. Add to that the everyday challenges of running a classroom, and it's all the more understandable how problem students can fly “under the radar" until it's too late. PARIMENT ZONE TEDUCATION Kelly recognized that early detection of at-risk students required a more multidimensional view of their progress,…Case Study on Whirlpool Corporation: American home appliances manufacturer Whirlpool intends to turn its Indian business into a global sourcing hub for components and finished products, safeguarding from potential disruptions arising from reliance on China supply chain. Whirlpool India Ltd. (WIL) is working with suppliers in China and Southeast Asia on ways to incentivise them in conjunction with Indian government’s policies to set up shop in India, for components - compressors, motors and PCBs, all of which are capital-intensive manufacturing investments.According to WIL, there are US-China geopolitical tensions. WIL is making efforts at educating component makers how India can become a sourcing hub for Whirlpool globally. Indo-China geopolitical situation and benefits offered under Make-in-India programme has shifted focus on creating a local sourcing base. WIL imports 28% of required components, which will be reduced. While Indian government is encouraging domestic sourcing, it is…CASE STUDY #2: Possible Data Breach at Orbitz Affects 880,000 Payment Cards Travel booking website Orbitz has announced that it discovered a potential data breach that exposed information for thousands of customers. The incident, discovered by the company on March 1, 2018, may have exposed information tied to about 880,000 credit cards.The consumer data in question is from an older booking platform, where information may have been accessed between October and December 2017. Orbitz partner platform data, such as travel booked via Amex Travel, submitted between January 1st, 2016 and December 22nd, 2017, may have also been compromised. The Expedia-owned company says that names, payment card information, dates of birth, e-mail addresses, physical billing addresses, gender, and phone numbers may have been accessed, but it doesn’t yet have “direct evidence” that any information was taken from the website.There have been many mass data breaches over the past year: OnePlus said up to 40,000…
- CASE STUDY Martha Jayasekera is a 25-year-old young woman with cerebral palsy, who lives in her own flat. She uses a wheelchair and needs support with many activities of daily living. Her support needs include getting out of bed in the morning, washing, dressing and getting ready for the day and support with getting into bed in the evening. Martha Jayasekera enjoys going out with friends and working part time, as a counsellor for young adults with physical disabilities in a local community support centre. The home care organisation who delivers her service are requested to come and support her to go to bed at 10 p.m. but the carers frequently arrive at 7p.m. to perform this service and have continued to do this despite Martha’s complaints. When asked why this happens the care service says a lot of the staff do not wish to work such late hours and feel unsafe in the area around Martha’s flat. The question is: In a reflective account, explain how this case study has contributed to your…Case study : Eskom Holding company a south african state owned company produces 95% of all electricity utilized in South Africa and 45% of electricity utilized on the African continent. Since November 2007 and due to an ever increasing deficit in electricity supply versus electricity demand, the power utility introduced various stages of forced power interruptions, referred to as loadshedding, to prevent a total crash in the electricity supply grid. Various adversities have been attributed to these power interruptions including slow or negative national economic growth, employee layoffs, and general discomfort experienced by communities due to frequent power outages. Yet, since 2007 to 2018, Eskom introduced electricity tarrif increases at an annual average rate of 14%, higher than average annual consumer inflation rate of 5.5%. Moody's, one of the main international credit rating agencies regards eskom as a main source of contingent liability risk for the SA Government. The…Case Study The CEO of a fictional pharmaceutical marketing company in India has positioned the company as the ethical alternative to its competitors, going as far as to change the company's tagline from "Health for everyone" to "Health with integrity." The company has a public ethical policy and has been transparent with its operations. So, when he learns that the firm's star salesperson who earned millions of dollars for the company, falsified the numbers on a recent report, the CEO must decide whether to fire him. Sales have been very difficult with the Covid 19 pandemic and people afraid to venture out in public and spend money. The salesman had created a sales matrix that had allowed sales to remain at peak levels during the difficult times however sales were starting to increase as Covid19 restrictions were gradually increased. The company had gone public and applauded the salesman for his effort and was announcing him as Vice President for Sales and Marketing. Answer all…