Answer to Question #246248 in Management for bloody

Question

1. Identify a business area of your choice (that product, size of operation, name of the business). The business should be having at least two years of operation. [6]

2. In three to four paragraphs write the overview of your business. [10]

3. Develop the following for your business;(your goal and objectives should be SMART)

i. Vision [2]

ii. Mission statement [2]

iii. Goals [3]

iv. Objectives [3]

4. Develop an enterprise budget of your business. [10]

5. Use a Gantt chart to develop and explain the operational plan of your business. [15] 

Answer 1

1.Lucy's Grocery Store

Lucy,s Grocery Store ,which has been operational since 2019 deals in vegetables and fruits

2.Operations

Operations is like the heart of our business, pumping out goods and services in a quantity and of a quality that meets the needs of our customers. The operations manager is responsible for overseeing the day-to-day business operations, which can encompass everything from ordering vegetables to scheduling workers to process the goods.

Marketing

Marketing consists of all that the store does to identify customers’ needs and design products and services that meet those needs. The marketing function also includes promoting goods and services, determining how the goods and services will be delivered, and developing a pricing strategy to capture market share while remaining competitive. Today, social media marketing is one of the fastest growing sectors within the marketing function. Therefore our store adopts that kind of marketing to attract more customers and deliver to them at their doorstep.

Finance

The finance function involves planning for, obtaining, and managing a business's funds. 

Our store has Finance managers who plan for both short-term and long-term financial capital needs and analyze the impact that borrowing will have on the financial well-being of the business. The finance department answers questions about how funds should be raised , the long-term cost of borrowing funds, and the implications of financing decisions for the long-term health of the business.

3.Objectives

As a leading wholesale distributor, our commitment is to provide quality products and services in a cost-effective manner, enabling our retailers to excel in serving their customers. If you're interested in being supplied by Lucy's Grocery Stores, Inc., the initial, minimum objectives are:

• A clean environment in which to shop
• A safe place to shop
• Value
• Great, friendly service
• Our shop will be good neighbors and will be involved in the community
• Our store will be at least 25,000 square feet
• Store will have minimum weekly retail sales of $75,000 which is equivalent to approximately $35,000 of purchases weekly at the wholesale level
• Generate capital by leasing remaining space to two other business tenants

Mission

Our most fundamental philosophy is the concern for people. This strong belief in people is the determining factor that motivates our operations in developing our relationship with our employees and customers.

We believe that our responsibility for customer satisfaction is not focused solely on the sale of a product, but rather is the total relationship a customer experiences when interacting with our organization. We believe in honesty and truth in all transactions and in providing products of the highest quality and at fair prices. We should do everything possible to provide outstanding service in marketing the products we sell.

Our philosophy of concern for people gives our Grocery Store the drive to be a good corporate citizen. We believe we have a responsibility to be a good neighbor in maintaining our property in first-class condition and by making the appearance of our plant, facilities, equipment, and grounds as attractive as possible, making them an asset to the communities that support our company.

We at Lucy's Grocery Store , are committed to bringing you the best all-around shopping experience. Our nice pledge campaign includes an intense training session for all of our employees, and a firm understanding and commitment to deliver these pledge points at the Lucy's Grocery Store.