Umuc Case Study 1

In: Business and Management

Submitted By jessicad231
Words 975
Pages 4
STAGE 1, UMUC HAIRCUTS CASE STUDY
Professor Diana Hill
University of Maryland, University College

I. Introduction
Myra Morningstar has been operating her expansive business, UMUC Haircuts, for nearly two decades. The business started as a barbershop, but grew into a full-scale hair salon. Recently, there has been a request for UMUC Haircuts to provide additional services from loyal customers, while businesses that could threaten Myra’s shop have been popping up in the local area. As a Systems Analyst, a look will be taken to determine how Myra can improve her business, improve business processes and allow UMUC Haircuts to maintain a competitive advantage over local rivalries.

II. Five Forces Analysis a. Buyer Power i. The power that a customer and buyer has is high because without customers there is no business. It is strong when the customer has many options for services they are looking to receive. When the buyer power is low, the customer doesn’t have many option s and will pay what the current price is for the product. Right now buyer power is medium for UMUC haircuts since there is beginning to be competition in the area. With new competition opening up in the area, this could affect the competitive advantage in buyer’s power for UMUC Haircuts. If not addressed, it can have a negative impact on UMUC Haircuts and should affect Myra’s Cost Leadership strategy. b. Supplier Power ii. This is an extremely important aspect of the business as customers wants quality products just as much as they want quality service. It is essential that Myra makes herself knowledgeable on inventory maintenance or bring in someone that is capable. It is also vital to establish a good repertoire with suppliers (or directly with the manufacturer) to ensure that best prices are always given, or that Myra could receive a distributer…...

Similar Documents

Case Study 1

...1. In this case lead poisoning form the factory walls 2. The risk factors in this case study are where the people lived and the financial circumstances they faced. 3. Lead is not a toxin. 4. None of the people in this story exhibit an idiopathic lead poisoning because the cause for every case of lead poisoning is known 5. Yes a syndrome is a collection of signs, symptoms, and degenerative processes that occur together in a particular disease. In this case the children show symptoms of joint pain, excessive salivating, seizures, and personality changes all around the same time. 6. In this case the histopathology became relevant when test were taken of patients blood and urine. 7. Morbidity: insufficient information. In this case there are certainly a high number of children who had lead poisoning however I assume it would depend on the population of the area there could be a lot more people than we think there was. Mortality: insufficient information. In this case death of any child ,due the lead poisoning, was neither mentioned or studied thus I must conclude that the mortality was low. Prevalence: Yes. The case it self’s says that the Prevalence of lead poisoning is high. Of the 112 children examined during the course of the study, over 70 show at least some signs and symptoms. Incidence: Yes. In this case the physician noticed an unusually large number of children brought to the clinic experiencing the same symptoms over a period of time, and......

Words: 459 - Pages: 2

Case Study 1

...Case Study 1. Mr. Stevens’ symptoms, such as frequent loss of balance and the inability to even draw a straight line are indications that the cerebellum, which is part of the brain, is involved. This cerebellum is the part of the brain that has the responsibility of maintaining body balance and posture, among other things. The cerebellum is very important for body balance, as well as in body functions. This is because it plays an important role in the maintenance of body balance and posture. This is possible given that it uses the vestibular receptor in conjunction with the proprioceptors to control commands. It is the motor neurons that are responsible for ensuring that body changes as well as position are maintained (Cerebellum, nd). The cerebellum also is very important in cognitive functions. In addition, once the cerebellum has received information from the sensory system as well as the spinal cord, it regulates different voluntary movements such as speech, coordination as well as muscular activity (Knierim, n.d). Given that Mr. Stevens experiences a loss of balance, then it is definite that there must be cerebellar damage. Even more proof is added to with his inability to draw a straight line, which can be attributed to the inability of proper coordination of muscular activities. In addition, Mr. Stevens asserts that he feels like a drunken man when he is walking, this can be also linked to cognitive functions, a role that is performed by......

Words: 878 - Pages: 4

Umuc Ifsm 300 Case Study, Stage 1

...Case Study, Stage 1: Business Environment Analysis Joshua A. Collins-Schaber The UR UMUC Healthy Fitness Center has been slowly losing business for about half a five years. There are many factors that are causing the Fitness Center to lose this business both internally and externally. When it comes to the internal dilemmas, I believe that we can rise to the challenge and better ourselves to improve the Fitness Center. There are going to be times when external issues with other companies that we work with cause problems for our customers, but with the right planning and possible changes, we could be better prepared to overcome these matters with a quick manner or by eliminating the problem all together. There are many influences that are going to sway our customers from continuing to be a part of our Fitness Center, some that we will be able to control and others that will surprise us, but we should constantly be working for the better. For example, we have heard about the Gold’s Gym that is moving in a couple blocks down the road and there is nothing that we can do about this! They are one of our bigger competitors moving into our area and give our customers another alternative option to work out at their facility. As one of our bigger competitors, Gold’s Gym has a reputation that is well known across the country. In the past, we have run out of popular items that are constantly selling in our fitness center, and other items used to work out. We need to expect more......

Words: 783 - Pages: 4

Case Study 1

...Organisational Finance Assignment -1 (Case Study – Time Value of Money) FINC 20006 – Organisational Finance Term 1, 2015 Prepared and Submitted by Mahesh Bhatia | S0265802 | Ravi Kumar | | | | Tutor: Mrs. Kate Wyllie Due Date: 30-Apr-2015 Date Submitted: - -Apr-2015 Question 1 The value of $10,000 handout given by the government will grow to an amount of $32,071.35 in a period of 20 years when the workers will reach their age of 64 years. P (1+r)^n 10,000 (1+0.06)^20 32,071.45 Question 2 10,000 (1+0.12)^20 96,462.93 As the rate of return increases, the future value of the “handout” would increase. Question 3 A savings account as outlined in question 1 is opened by fixed salaried persons who want to earn fixed interest income on their salary savings. There are quite a lot of advantages of opening a savings account as follows: * It encourages saving habits among the fixed salaried persons. * http://www.itsallaboutmoney.com/did-you-know/why-to-open-a-savings-account/ * There is certainty to the investors as to what amount of money would be available in the account at a specified date in the future. * Account holders can preserve the money in savings accounts for emergencies because saving accounts avoid the market fluctuations that are a feature of other investments such as stocks and shares. On the contrast, saving accounts offer some disadvantages as well: * The interest rate earned on savings accounts is lower than......

Words: 943 - Pages: 4

Case Study 1

...Case Study Analysis 1: Costco Wholesale Corp: Mission, Business Model and Strategy MGMT 670: Strategic Management Capstone June 26, 2011 Business Case Study: Costco Wholesale Corporation Introduction As a student in MGMT 670: Strategic Management, the capstone course for the Management track at the University of Maryland University College, I was asked to prepare a case study analysis of Costco Wholesale Corporation. Costco is one of the world’s leading wholesale retailers with annual sales of $76.3 Billion for fiscal year (FY) 2010, which is an increase of 9% from the previous year ($69.9 billion). In addition, its earnings per share increased to $2.92, an annual increase of 18% from the previous year. (Costco Financial Report, 2011) This increase is an all time high for the company thereby solidifying its place as a leader in the wholesale industry. Costco and its Business Strategy From inception, Costco’s business strategy has been to offer limited products (4000) at lower prices coupled with great values while keeping overhead costs low. In its main product line Costco has about 3,000 products that are present in the stores at all times and 1000 products that are ever-changing. These 1000 lines allow Costco buyers/merchandisers to hunt for items that will keep customers coming back to see what is new or fresh in the stores. These items help Costco create the “treasure hunt” environment that will keep customers coming back to the store more frequently. The......

Words: 1149 - Pages: 5

Acct504 Case Study 1

...Case Study 1 (Part A) (Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: June 2 Gordon received $55,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $3,000, and equipment, $5,200, on account. 4 Performed services for a client and received cash, $6,300. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $1,200. Johnson expects to collect within one month. 16 Paid partial for the equipment purchased June 3 on account $2,800. 17 Paid the telephone bill, $230. 18 Received partial payment from customer on account, $700. 22 Paid the water and electricity bills, $400. 29 Received $5,000 cash for repairing the pipes of a customer. 30 Paid employee salary, $4,300. 30 Declared and paid dividends of $3,000. ▸Requirements • 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. • 2. Post the transactions to the T-accounts, using transaction dates as posting references. • 3. Prepare the trial balance of Gordon Construction, Inc., at June 30, 2014. • 4. The manager asks you how much in total resources the business has to work with and, how much it owes. Case Study 1 (Part B) Requirement 1 (Learning......

Words: 332 - Pages: 2

Case Study 1

...1.2 Case Study: Whither an MBA at Strutledge By: Ashley Tinkham 1.2 Case Study: Whither an MBA at Strutledge Tinkham, 1 President of Strutledge, After reviewing the Board of Regents’ plan and reasons behind the desire to implement an MBA program at Strutledge I have determined there to be a lack of information to make a decision at this time. The information to make a supportive decision on whether to implement an MBA program is not sufficient enough and increases the risks of failure of the program. Failure or an unsuccessful implementation of an MBA program at Strutledge can be catastrophic to the reputation of the school. Thus making the situation of rising costs and decreasing enrollment worse. The Board of Regents could be on the right track of implementing a MBA program to attract more students but this can only be determined through data. The question that truly needs to be answered is if the area needs or desires a MBA program and only if the answer is yes to that question should the idea of implementing an MBA program be explored as an option. My suggestion is that the Board of Regents organize their thoughts around why they think an MBA program would be beneficial to Strutledge. From what I can gather an MBA program would help to attract students who have already graduated from their undergraduate studies and are looking for more, but how else would it benefit Strutledge? When considering......

Words: 1262 - Pages: 6

Umuc Haircuts Case Study

...Before you begin this assignment, be sure you: 1. Have completed all previously assigned readings, particularly those assigned in Week 2. 2. Re-read the “MUC HUaircuts Case Study" and the Stage 1 assignment, and review the “Walmart Example,” beginning with "Background for Stage 2" on page 3. 3. Review Instructor feedback from the Stage 1 assignment. 4. Carefully review the Example shown following the Assignment instructions below. Overview of Business Process Analysis and Functional Requirements for UMUC Haircuts For your Case Study Stage 1 assignment, you performed a Five Forces Analysis and justified Myra's chosen strategy for competitive advantage and the business process that she would like to improve through the application of technology. In the Stage 2 assignment, you will identify the inputs, processing, and outputs of Myra's selected business process. Those inputs, processing, and outputs form the functional (business) requirements for an IT system to improve the process. The first step in identifying the functional or business requirements for an information system is to develop the high level requirements that establish the scope of the system. Myra has selected the Customer and Employee Scheduling Process for improvement using an IT solution, and together you have identified the following high level requirements. The system must: • Allow employees to enter their availability and desired days/times to work • Allow Myra to review the......

Words: 836 - Pages: 4

Ifsm300 Umuc Haircuts Case Study Stage 1-5 Assignment Ifsm 300 Umuc Haircuts Case Study Stage 1-5 Assignment

...IFSM300 UMUC Haircuts Case Study STAGE 1-5 assignment Click below link for Answer visit http://workbank247.com/ http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 Case Study, Stage 1: Business Environment Analysis Before you begin this assignment, be sure you have read the “UMUC Haircuts Case Study” and be sure to take a look at the “Walmart Example.” Purpose of this Assignment This assignment gives you the opportunity to apply the concepts of the Porter Five Forces model to a specific business, develop a strategic direction for UMUC Haircuts, and identify a process that could be improved with the use of technology. This assignment specifically addresses the following course outcomes to enable you to: * analyze business strategy to recognize how technology solutions enable strategic outcomes * analyze internal and external business processes to identify information systems requirements. Business Environment Analysis for UMUC Haircuts UMUC Haircuts has been in business since 1995 and has seen an increase in competition from a variety of competitors, as described in the Case Study. With the news that a Hair Cuttery is likely to open only five miles away, Myra, the owner of UMUC Haircuts,is concerned and has asked you to help her assess the impact on her business and how she can deal with it. worried and is looking to you to provide......

Words: 5166 - Pages: 21

Ifsm300 Umuc Haircuts Case Study, Stage 1: Business Environment Analysis Ifsm 300 Umuc Haircuts Case Study, Stage 1: Business Environment Analysis

...IFSM300 UMUC Haircuts Case Study STAGE 1-5 assignment Click below link for Answer visit http://workbank247.com/ http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 IFSM300 UMUC Haircuts Case Study, Stage 1: Business Environment Analysis Before you begin this assignment, be sure you have read the “UMUC Haircuts Case Study” and be sure to take a look at the “Walmart Example.” Purpose of this Assignment This assignment gives you the opportunity to apply the concepts of the Porter Five Forces model to a specific business, develop a strategic direction for UMUC Haircuts, and identify a process that could be improved with the use of technology. This assignment specifically addresses the following course outcomes to enable you to: * analyze business strategy to recognize how technology solutions enable strategic outcomes * analyze internal and external business processes to identify information systems requirements. Business Environment Analysis for UMUC Haircuts UMUC Haircuts has been in business since 1995 and has seen an increase in competition from a variety of competitors, as described in the Case Study. With the news that a Hair Cuttery is likely to open only five miles away, Myra, the owner of UMUC Haircuts,is concerned and has asked you to help her assess the impact on her business and how she can deal with it. worried and is looking......

Words: 5181 - Pages: 21

Ifsm300 Umuc Haircuts Case Study, Stage 4: Executive Briefing on Business Benefits and Considerations of Proposed Technology Solution Ifsm 300 Umuc Haircuts Case Study, Stage 4: Executive Briefing on Business Benefits

...IFSM300 UMUC Haircuts Case Study STAGE 1-5 assignment Click below link for Answer visit http://workbank247.com/ http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 http://workbank247.com/q/ifsm300-umuc-haircuts-case-study-stage-1-5-assignm/11696 IFSM300 UMUC Haircuts Case Study, Stage 1: Business Environment Analysis Before you begin this assignment, be sure you have read the “UMUC Haircuts Case Study” and be sure to take a look at the “Walmart Example.” Purpose of this Assignment This assignment gives you the opportunity to apply the concepts of the Porter Five Forces model to a specific business, develop a strategic direction for UMUC Haircuts, and identify a process that could be improved with the use of technology. This assignment specifically addresses the following course outcomes to enable you to: * analyze business strategy to recognize how technology solutions enable strategic outcomes * analyze internal and external business processes to identify information systems requirements. Business Environment Analysis for UMUC Haircuts UMUC Haircuts has been in business since 1995 and has seen an increase in competition from a variety of competitors, as described in the Case Study. With the news that a Hair Cuttery is likely to open only five miles away, Myra, the owner of UMUC Haircuts,is concerned and has asked you to help her assess the impact on her business and how she can deal with it. worried and is looking to you to......

Words: 5182 - Pages: 21

Unit 1 Case Study 1

...AP 2630 Unit 1 Case Study 1 1. What is the significance of a lower-than-normal hematocrit? What is the effect of a bacterial infection of hematocrit? Lower than normal hematocrit is a sign of anemia. A bacterial infection would increase the production of white blood cells to fight off the infection. The hematocrit would have a thicker buffer layer (white blood cells) causing the red blood cell production to slightly decrease which would decrease the ratio of red blood cells to whole blood volume. 2. Compare the development of lymphocytes with the development of the other formed elements. Lymphocytes and the other formed elements are developed from pluripotent stem cells. The B cell lymphocytes begin and finished in the red bone marrow and the T cell lymphocytes begin in the red bone marrow, but they mature in the thymus. 3. What is erythropoiesis? Which factors speed up and slow down erythropoiesis? Erythropoiesis is the specific production of red blood cells or erythrocytes. Erythropoiesis is speed up when oxygen delivery to the kidneys falls and slows down when there is sufficient oxygen carrying capacity of the blood. 4. Explain what would happen if a person with type B blood were given a transfusion of type O blood. Type O blood is known as the universal donor because any other blood type can safely receive a transfusion, with no negative effects from this type. Therefore, the person receiving the transfusion will be ok. 5. During an anatomy and physiology exam......

Words: 417 - Pages: 2

Case Study 1

...Case Study 1 GILLETT: WHY INNOVATION MAY NOT BE ENOUGH CASE STUDY #1 Readings: Chapters 1 - 4 Case Study 16 (pgs. 481 - 492). Grading:  Case Study 50 points GILLETT: WHY INNOVATION MAY NOT BE ENOUGH (11.9%)  Read the following Case Study: Answer the following questions: 1 Evaluate product innovation at Gillette throughout its history. Has Gillette been a victim of its own success? Has product innovation in the wet-shaving market come to an end? Explain. 2 What do you make of the razor wars, first between Gillette and Schick, and now with online competitors? Does Gillette face a serious threat from competitive inroads? Explain. 3 What actions would you recommend over the next five years that could help Gillette maintain its worldwide dominance in the shaving market? What specific marketing program decisions would you recommend? Should Gillette be worried about its pricing strategy? Explain. A paper format around 3-4 pages following appropriate APA Style format is required.  See rubric for grading.  Citations and references are required to reinforce your comments and ideas (looking for at least 2 additional credible sources than the textbook).  Also add a Reference Page (practice using APA style). Avoid using 1st person style writing.  Instead or using I, substitute with this author or avoid using a specific reference.  For instance, Starbucks coffee tastes great; instead of “I think Starbucks coffee is great.”   When referencing your sources in......

Words: 294 - Pages: 2

Hr Case Study 1

...Southwood Schools: A Case Study in Recruitment and Selection 16 February 2016 University of Maryland University College Abstract The selection and hiring of a new employee can be a daunting task for any organization. Every company wants the best of the best; new candidates that strive to perform their job with passion, while bringing value to the company, the team, and themselves. With effective recruitment efforts, many hopeful candidates are now at your reach. But how do you choose the right person for the job? Choosing the most effective selection method (or combination of methods) can help an organization differentiate between the good candidates from the great candidates. This paper provides a comprehensive list of different selection methods, their definitions, and their advantages and disadvantages. Understanding the different options and comparing them can help an organization specify the selection methods best suited for them. Different Selection Methods Selection Method | Definition | Advantages | Disadvantages | Application Form | An application form is a form or series of forms filled out by an applicant as a process of informing a company they are interested in a position that is being announced. | * Traditional way that applicants express interest in a position that most candidates are familiar with. * Can be used to provide skills, abilities, knowledge, and experience for that particular position, instead of their entire history......

Words: 2661 - Pages: 11

Case Study #1

...Case Study #1: Canada in the Global Business Environment Canada: A trading nation? You are preparing for a top-level meeting between the Minister of International Trade, the Minister of Foreign Affairs, and senior business executives representing several multinational corporations as well as a large group of small- and medium-size enterprises. The objective of the meeting is to discuss Canada’s strategy in responding to the changing global business environment. Expectations are high since everyone wishes to move beyond political pronouncements and joint statements, to specific strategies and actions. The Trade Canada Summit is raising expectations and all are committed to motivating a call to action across major stakeholders engaged in international commerce. While Canadians like to refer to the country as a “trading nation”—partly because of history and partly because of the large impact of trade on the Canadian economy today, leading practitioners and senior officials recognize several truths: • Canadian trade is highly concentrated in import/export activities with the United States • Certain industry sectors such as automotive and resource-based businesses account for a disproportionately large amount of Canada’s trade • Intra-company trade—transfers of resources between affiliated companies—is an important part of Canada’s “export” business The hard reality being confronted, and one which serves as a critical backdrop for this meeting, is the realization......

Words: 1015 - Pages: 5