...M1A3 The vision and mission statement of Livoria Sandwiches is for them to maintain their strong reputation amongst their current loyal customers for quality while maintaining a unique product. In providing a supply of a different product, Livoria is competing to some degree using a differentiation strategy which will allow Livoria to charge a premium on their products, and allow them to be competitive based upon the perceived difference they have from the rest of the market segment. The key stakeholders preferences include exploring possible franchising, enhancing their vegetarian menu with an ultimate quantitative goal being to have a $1.1M net income by 2015. Within these key stakeholder preferences, both Paul and Sam would like to maintain a focus on preserving their high quality and continue to avoid using their line of credit. The weaknesses and constraints of Livoria Sandwiches operations at this point in time are a limited supply of capital, specifically cash, which is negatively effected by both the back taxes and the requirement to have $20,000 as a minimum cash balance at all times. The lack of cash is even more so negatively effected due to the $500,000 liability that must be paid by 2015. Another operational constraint for the business is that they rely completely on one supplier for all of their store ingredients. The heavy reliance on one supplier and the consequences of this is displayed by the fire at Food Terminal, and the difficulty in securing a supplier...
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...MODULE 1, ASSIGNMENT 3 September 12, 2013 Topics: Performance Management, Financial Management and Financial Reporting Overview In this assignment, candidates get a chance to apply all the steps except for steps 6 and 9 in the Steps for Approaching Business and Corporate Strategy to a small business case. As mentioned previously, these steps provide candidates with a systematic approach for addressing a case involving business-level strategic issues. Applying this approach effectively is one of the important competencies that candidates will learn in the CMA Canada Professional Programs. The starting point for solving a business problem is to analyze the current situation and identify the problems that need to be addressed. A major component of the situational analysis is to take a close look at the environments within which an organization finds itself. One of the methods commonly used in such an environmental analysis is “SWOT” (an acronym for Strengths, Weaknesses, Opportunities and Threats), which considers the strengths and weaknesses in the internal environment as well as the opportunities and threats in the external environment. Candidates can refer to the required reading Situational Analysis Tools mentioned below for more information on how to go about doing a SWOT analysis. The next major step is to identify the issues and analyze various alternatives for addressing the major issues. In this case, a shortage of available cash is a major issue and needs to be addressed...
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