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CASE 8.1-The Trade Show

Judy had just accepted a position as a sales representative with NewLine Papers, a manufacturer of high-quality specialty papers for businesses that use direct mail to promote their products and services. Typically, such companies must use paper that is attractive to look at and hold that absorbs ink quickly because of high-speed printing, and that can stand up to the rigors of automatic folding equipment. For Judy to learn more about the business and to acquire good leads, her sales manager has sent her to the U.S. Postal Forum (USPF) annual meeting in Las Vegas. Judy decided that for this trip to pay off in terms of generating solid leads, she needed to engage in careful planning. A quick check of USPF’s website allowed her to compile a shortlist of attendees who might be interested in NewLine’s latest product. About a week before the trade show, she phoned a couple of them to arrange an appointment. They willingly agreed, so she flew to Las Vegas in the hope that she could snag an order, not just a couple of good leads. That would surely impress her manager! After checking in at the convention hotel, Judy called Ned Harris, her first appointment for the next morning. Ned wasn’t in, but she left a message indicating that she could meet him just off the lobby at 10:00 a.m. Her second appointment, Anita Scoby, answered on the second ring. She and Judy agreed to meet tomorrow afternoon at 2:30 following the keynote speech by the head of the U.S. Environmental Protection Agency. Everything was all set. Ned arrived for their meeting the next morning a couple of minutes late, explaining that he was not a morning person and needed a second cup of coffee. They moved to the hotel’s coffee bar and settled at a small table. Judy brightened when Ned reported that his company had done business with NewLine some years before. Immediately, Judy pulled out a couple of samples from her briefcase and launched into her presentation of the outstanding features of the new product. Ned listened attentively, sipping his coffee, and sitting with arms folded. When Judy finished her spiel, she asked if he had any questions. He didn’t. She then asked whether Ned’s company would be interested in placing a trial order. He replied, rather curtly, that he didn’t know and would have to get back to her on that. He added that he was late for another meeting. With that he picked up his newspaper and left, leaving Judy to reflect on what had happened. Her meeting that afternoon with Anita Scoby was even briefer. Before Judy could begin to describe the samples, Anita cut her off, explaining that she had no authority to engage in such discussions. She added that while she was interested in Judy’s product, her role was in sales for her company and that she was attending the trade show merely to network with other clients. She wished Judy luck and promised to pass along Judy’s information to more appropriate people at her firm. As Judy flew home the next morning, she wondered what she had done wrong. She had researched attendees of the trade show and had obtained appointments, but she was returning home with no orders and worse, no real leads. Where do you think Judy went wrong? What would she need to do to become a “master prospector?” If you were sent to the trade show by your manager, what would you have done? What would have been your objectives? Which tactics would you have employed to fulfill those objectives?

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 a Pareto curve for the sales per SKU  of a book stockist. A small number of ‘hot sellers’ constitute most of the sales, whilst  there is a lengthy  tail of slow-selling lines and new introductions. The operations  people are pressing for the ‘tail’ to be chopped in half, arguing that it adds cost,  not value, to the business. They argue that each order is taken at fixed cost, regardless of size. Sales order processing and pick and dispatch from the warehouse are  examples of such fixed costs. ‘Instead, we should focus on the core of the business:  90 per cent of our business comes from just 10 per cent of the titles,’ the operations  director argues. ‘We could chop our costs in half and lose only 5–7 per cent of the  business. Think of the effect on margin!’ Sales, on the other hand, are reluctant to  give up any of the titles, arguing that it is customer choice that drives the business.  ‘We  have  built  up  this  business  on  the  strength  of our  product  range,’  the  sales  director argues. ‘Retailers come to us because we are a one-stop shop. If we haven’t  got  it  in  stock,  we  get  it.’  Explain  the  above  in  terms  of  a  lean  versus  agile  debate, using the concepts of market winners and qualifiers and benefiting from small  volumes.

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Instructions:

Assess several business structures and their characteristics advantages, and disadvantages for POP. Those structures are: • General Partnership • Limited Partnership • General Corporation • Limited Liability Company

Background: Plenty-O-Plants (POP)

Addison, Benita, Cynthia, and Dante are all successful business owners who are friends or professional acquaintances in the business community. Addison has been the project manager for ten years for a construction company owned by a general contractor. Benita has been the Director of Marketing for a Mid-Atlantic-based carpet cleaning company with franchises on the East Coast. Cynthia owns a mid-sized, successful nursery focusing exclusively on exotic house plants. Sam owns a residential landscaping business. The four recently attended a Chamber of Commerce presentation about “green” businesses. This spurred their interest and they went to dinner following the Chamber event to discuss possible business opportunities. After several meetings, they decided to start a business together. The group decided that a plant nursey, landscaping and design business would be a good fit for their professional experiences, skills, and interests. They agreed to pursue the possibility of launching a Maryland-based service business that they would like to name Plenty-O-Plants (“POP”). The service would focus on offering environmentally friendly native plants in the area. The four met several times with a business consultant to complete an analysis of market trends and demands in commercial landscaping and design and confirm whether POP would likely be a viable business. The market analysis showed an increased demand and need for their services environmentally responsible landscaping businesses in the region. Consequently, the group decided to move forward with their idea to establish and market POP. The potential cleaner owners recently attended a start-up business seminar sponsored by the local chapter of the Small Business Administration. Following the seminar, the owners began to define the nature and scope of the work necessary to prepare a plan for the start-up business. They realize this process requires time, thoughtful analysis, and clear guidelines. They also recognize the need for professional business consultants, such as TLG, to guide their start-up for Clean. Consequently, the four have hired TLG to advise and guide them through the start-up process for Clean.

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Cases, policies, procedures, and action plans are part of ______________form of knowledge. Select one: a. Documented b. Unstructured c. Semi-structured d. Structured

Which of the following is not a purpose of EDMS?

Select one:

a. Combine text with digital audio and video

b. Indexing, searching and retrieval

c. Forms management allows organisation and structure of data

d. Divergence of the document processing

In Knowledge Management, there are various forms of storing the knowledge. What do we call that form in which knowledge is stored in the form is cases, policies, and procedures?

Select one:

a. Structured Knowledge

b. Unstructured Knowledge

c. None of above

d. Semi-Structured knowledge

Which of the following data landscape is used by the executives in DSS?

Select one:

a. OLAP

b. OLAB

c. ESS

d. OLTP

_______________ is the content of culture which includes jokes, metaphors, stories, myths and legends

Select one:

a. Language

b. Symbols

c. Artefacts

d. Behaviour

DSS helps in making decisions by combining ___________, analytics tools, and models to support structured and unstructured decision.

Select one:

a. Technology

b. Data

c. Information

d. Process

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