Nantucket Nectars - 1342 Words

Nantucket Nectars: Case Study Carl Medeiros 5/1/2010 Tom Scott and Tom First started Allserve, a floating convenience store serving boats in the Nantucket Harbour during their summer holidays in college. After graduation, during the winter of 1990, Tom First recreated a peach fruit juice drink that he came across in Spain and started a side business selling his fresh juice. Everyone loved the product and they went on to open the Allserve General Store on Nantuckets Straight Wharf. They named the fruit juice Nantucket Nectars. Tom and Tom invested both of their life savings, which was about $17,000 to contract a bottler and finance inventory in the first two years. The next two years saw them operating in an undercapitalized†¦show more content†¦Threat Competition in the beverage industry is extremely intense. Competitors continually introduce new innovative products and consumers are bombarded by numerous choices and promotions. Nantucket Nectars has been successful with increasing sales and continually innovating new products, and grown to a middle-sized company. This position proves to be a dangerous one as it does not possess the financial strength of a large company but yet may not have the quickness and innovativeness of a small company. In addition, the entrance of big players such as Coke, Pepsi and Tropicana/Seagram with strong financial standing may reduce their revenue. Also, the past few years saw Nantucket maturing and it has begun to stabilize as a company. This is a dangerous period for the company as it might cause a crisis if they do not undergo renewal in order to rejuvenate and stay relevant and competitive. Should they go IPO? The advantages of going through an IPO would be that it would provide Nantucket Nectars interest free capital to finance growth as well as raise the company’s profile which would allow them to attract high quality customers, alliance partners and employee’s. However, the disadvantages of an IPO would be that it’s an expensive and time consuming process and would require all company information to become public knowledge. Also, it may mean that Tom and Tom would have toShow MoreRelatedNantucket Nectars Case Study1731 Words   |  7 PagesNantucket Nectars Juice Guys Bottle Formula for Success With Quality Ingredients The island of Nantucket is known for its entrepreneurial spirit. Tom Scott and Tom First caught that fever nine years ago when they started peddling Nantucket Nectars in the islands harbor. Now the self-proclaimed juice guys hold the number-two spot in the New Age beverage market. To say the juice guys started their company, Nantucket Nectars, on a shoestring budget would be an understatement. The two TomsRead MoreNantucket Nectars1329 Words   |  6 PagesNantucket Nectars Tom Scott and Tom First started Allserve, a floating convenience store serving boats in the Nantucket Harbour during their summer holidays in college. After graduation, during the winter of 1990, First recreated a peach fruit juice drink that he came across in Spain and started a side business selling fresh juice. Everyone loved the product and they went on to open the Allserve General Store on Nantuckets Straight Wharf. They named the fruit juice Nantucket Nectars. ScottRead MoreNantucket Nectars Essay1244 Words   |  5 PagesNantucket Nectars Tom Scott and Tom First started Allserve, a floating convenience store serving boats in the Nantucket Harbour during their summer holidays in college. After graduation, during the winter of 1990, First recreated a peach fruit juice drink that he came across in Spain and started a side business selling fresh juice. Everyone loved the product and they went on to open the Allserve General Store on Nantuckets Straight Wharf. They named the fruit juice Nantucket Nectars. ScottRead MoreNantucket Nectars Case Study1725 Words   |  7 PagesNantucket Nectars Juice Guys Bottle Formula for Success With Quality Ingredients The island of Nantucket is known for its entrepreneurial spirit. Tom Scott and Tom First caught that fever nine years ago when they started peddling Nantucket Nectars in the islands harbor. Now the self-proclaimed juice guys hold the number-two spot in the New Age beverage market. To say the juice guys started their company, Nantucket Nectars, on a shoestring budget would be an understatement. The two Toms builtRead MoreAn Effective Retail Design That Maximize Success For Juice Guys At The East Coast Market1308 Words   |  6 PagesGuys in the east coast market. After reaching triumph in the west coast market, Juice Guys is looking to expand firstly into the Boston neighbourhoods. Boston consumers had a strong likeness for Nantucket Nectars but the market was different: metropolitan city (year round) versus summer only in Nantucket Island. To accomplish this feat, the company must decide how to target and position the stores given the differential differences in demographic and environmental traits. Furthermore, Juice GuysRead MoreEssay on Juice Guys Case Study Analysis1200 Words   |  5 PagesJuice Guysâ„ ¢ In the summer of 1998, Nantucket Nectar created a subsidiary of their brand called Juice Guys. This new product was comprised of fresh juice and fruit smoothie drinks that were taking over the West Coast. Within three-and-a-half months, Juice Guys had sold a total of 175,000 items ranging from smoothies, yogurts, sorbets, Nantucket Nectar drinks and fresh squeezed juices. Juice Guys’ revenue went up to 91% and they made a profit of $227,000 in sales. Noticing the tremendous successRead MoreQ3 Innovation Essay1918 Words   |  8 Pagesï » ¿WEEK 5 / ASSIGNMENT 1 Case Analysis: Nantucket Nectars PRO’s CON’s Tom Scott and Tom First founded Nantucket Nectars in 1990 as a small side-business on Nantucket’s Straight Wharf. A peach fruit juice drink that Tom First discovered while visiting Spain inspired him and his partner to embark upon the journey of building their juice company. After only six years, the two entrepreneurs built a business that was generating $29,493,000 per year in revenue and $969,000 in EBITDA. With remarkableRead MoreSnapple Case Study948 Words   |  4 Pagessystem and create new products that would enable growth. Most importantly, they had to reconnect the brand with its consumers. Luckily for Triarc, the new-aged consumer was changing again. Companies were coming out with fruit based drinks again (Nantucket Nectar etc.). Triarc invested heavily in product development and used dynamic marketing strategies to differentiate Snapple from its competitors. Product development was Triarc’s most important move. They developed products such as Whipper Snap ple,Read MoreCase study discussion questions1663 Words   |  7 Pages3-stage approach to achieving their long-term goal? 3) How much money should the company raise? From whom? On what terms? 4) What should luliano and his management team do? 16. (6/2) realization of value, IPO or sell out Case Study: Nantucket Nectars, Jon M. Biotti 1) What are the pros and cons of remaining independent? Going public? Selling the company? 2) If management decides to consider selling the company, how should they orchestrate the process? Should they hire an investment bankerRead MoreVideo Notes29279 Words   |  118 PagesWeapon at Starwood |1 |21 | |Project Management at the Phoenician |2 |24 | |Nantucket Nectars: ERP |2, 15 |27 | |Pearson Education: Information Technology |3, 4, 10 |31

Interpretation Job Free Essays

I deem the Graduate Trainee Program as one of the epitomes of Centrelink’s thrust in showcasing the best and brightest Australia has to offer the international community. Being part of a vibrant, dedicated and diverse group of individuals entrusted to foster understanding and promote the country’s foreign and trade relations is a challenge anyone who believes in Australia should be proud to be a part of. Having read Politics and Government in university and presently doing my post-graduate studies in International Relations give me the fundamental, if not advanced, skills as well as awareness of local and international socio-political and economic realities of today. We will write a custom essay sample on Interpretation Job or any similar topic only for you Order Now Complementary to my academic skills are the English language teaching experiences I have locally and abroad, which contributed immensely to my understanding of different cultures and peoples of varying age group. Being trilingual (English, Korean and street Japanese) gives me the edge to appreciate not only the language of other people but the nuances of what a language conveys, this is a paramount trait in comprehending the distinct language of diplomacy. It has helped me deal with clients in an interpretation job, students in a teaching assignment or local tribes people in medical or mercy missions. One of the jobs I do on the side is translation and interpretation work from Korean to English and vice versa. This type of work deals with Korean trade delegations coming to Australia to deal with Australian business owners. Both Korean and Australian clients require submission of a written project proposal prior to getting the tasking. The proposal calls for demonstrating my competence and advanced level of understanding not only of the Korean and English languages but the cultures as well. In writing the proposal, I set my plan of action and the methodology to be used for the translation and interpretation processes. After the clients read through my proposal, I present it to both parties and convince them of my being the right person to get the job done. During the actual translation/interpretation work, I sometimes observe that the principals’ understanding of what each said to the other may get â€Å"lost in translation. † The outcome of which is that on several occasions, I had to mediate and arbitrate so that the two factions agree on correct interpretations. It is noteworthy seeing conflicting parties come to terms because of my diplomatic approach and diligence in getting the job done properly. In 2001, while doing community re-building voluntary work with the Youth with a Mission (YMAN), a non-government organization assisting marginalized communities worldwide, I was a â€Å"trainee team leader† charged with a group of young volunteers from the United States, Canada, Australia, Fiji and even Australian aborigines. We were in northern Thailand amongst the Karen and Hmong tribes and I found out that due to their patriarchal society, the males in the tribes refused to work with our female volunteers. This caused some setbacks since individual assignments were already given prior to arriving on site. As the team leader of the group, I discussed this problem with the senior team leader and recommended that we should respect their culture in order to complete the mission. I talked with the team and organised the male volunteers to work in building houses and improving the local site. The female volunteers took on the English teaching assignments and medical assistance. This went well with the local populace and we gained their respect because we demonstrated our reverence for their beliefs. I would have done things differently by studying the culture, beliefs and peculiarities of the tribes first prior to embarking on another volunteer mission. Team success rests with good leadership and management. I related the leader and manager role since despite being distinct characteristics, they are inseparable traits of someone charged with such daunting assignment. A leader/manager must have the vision to effectively implement tasks and the steadfastness to successfully complete mission objectives. My value as a team member is the ability to work cohesively with each team member and agree to set aside idiosyncrasies in order to fulfill collective goals. People with different backgrounds can be incorporated in a team by appealing to their individual aims and marry them with the strategic objectives. During one of my courses in post-graduate studies, our class simulated a United Nations Security Council meeting and I played the part of the Secretary General. We were doing North Korean nuclear proliferation conflict resolution and individuals have their own opinions on how best to mitigate the problem. Playing the goodwill role, I contributed to the team output by consolidating valid points from individuals and getting a group consensus that the solution to North Korea’s nuclear arms program is by catering to the North Korean’s need for aid in exchange for reduction or total demobilization of the nuclear arms. While working as a contractual English instructor in Korea, I noticed that the students learning English, though very diligent and hardworking, English have a hard time with conversational, street-speak and business English. This is due to the formation of the program wherein they learn classroom and â€Å"theoretical† English but lacking the suave and practical application. Korea is a very rigid and structured society and change usually comes at a difficult phase. I adapted and conformed to the norms of the school but took the initiative by instructing my students to prepare a five-minute oral presentation of a country of their choice. The presentations have to be made with individually hand-made posters to have more impact in terms of graphics. After each student’s presentation, critiques from the class – in English, were done and this further confirmed the value of the pioneering teaching methodology. Needless to say, my technique was adapted by other teachers, who found it more efficient than the processes they have been using for years. Even the school director was pleased with my achievement that when my contract ended, he offered to renew it but I declined since I had to go back to Australia to pursue my studies. How to cite Interpretation Job, Essay examples

Reflective Journal on Principles of Project Management for Tools

Question: Discuss about theReflective Journal on Principles of Project Management for Tools. Answer: The learning in classroom brought an understanding of project management concepts, elements and methodologies. It led to understand the tools, techniques and methodologies applied in projects and project management(PMI., 2013). Project management involves a process of applying skills, knowledge, tools and techniques to project activities to meet project requirements. I learnt that there are several project life cycle stages in a project, and each stage needs specific requirements and methodologies they include: conceptualization, initiation stage, planning, implementation, and closure(Phillips, 2013). There are different types of project categorized into sectors, agriculture, industrial, and education. Projects, and project leaders are faced with several challenges that they need to take considerations. Example of challenges facing project managers include: how do they manage projects with scarce resources? Can project be managed with different stakeholder interests? How is diversity in work force maintained? How can project be managed with changes in technology and environment? Several project managers are employing different methodologies, leadership styles and techniques in order to provide leadership in managing the challenges. During conceptualization stage I was able to learn that a project idea is generated conceptualized. There are several sources of project ideas they can come from market demand, organization need, customer request, technological change, legal requirements, social need and ecological impacts(Gido Clements, 2014). A project manager will then need to understand the environment surrounding the project. The two types of environment are organizational process assets (factors within the project the project manager can control) and enterprise environmental factors (external factors that a manager has no control over)(Andrew, 2014). In initiation phase of the project the scope is define, resources committed, stakeholder identified, project charter is created. The project charter created is a document that authorizes existence of a project and provides a roadmap of project activities(Phillips, 2013). I learnt it is appropriate for project managers to carryout stakeholder management. It is a process takes place to identify the stakeholders affected by the project. Analysis is done using stakeholder power/interest matrix the findings are used to classify them has primary or secondary stakeholders, and are maintained in stakeholder register(Gido Clements, 2014). The planning phase covers an important role in project. It involves establishing the scope, redefining objectives, and creating a course of action. A project management plan is created that constitutes several plans for quality, procurement, schedule, risk, communication and monitoring evaluation. Risk plan should constitute how risks are identified, analysis (qualitative and quantitative analysis) and mitigate the risks (share, ignore, avoid, bear). All risks are then reported and maintained in a risks register(Andrew, 2014). Scheduling can be performed by using tools and techniques like work breakdown structure where time and resources are located to activities. During implementation stage activities are performed materials are procured, construction take place, and employees are involved in the activities. There are different types of leadership styles they include: democratic, autocratic, and participative. The choice of leadership style is important because it provides a means of motivating employees to work hard. The democratic leadership provides sharing of decision making between project teams, while autocratic decisions are done by the top management only. The project manager can then develop the project team and maintain a participative approach to the project to ensure sharing of ideas and reduction in conflicts(PMI., 2013). During closure all activities are stopped, objective has been achieved, and project is handed over to the owners. The learning has enabled me to work comfortably as a project manager in employing project tools, techniques and methodologies. In future of project manager is expected to embrace technology in all project operations to increase efficiency. References Andrew, F. (2014). Effects of risk management in projects. New York: Mc Graw Hill. Gido Clements. (2014). Successful project management. Chicago: Nelson Education. Phillips, J. (2013). PMP, project management professional (certification study guides). New York: Mc Graw Hill. PMI. (2013). A guide to project management body of knowledge . Newtown Square: PA: PMI.