Business Strategy -- Kudler Fine Foods
As companies grow a build customers bases and increase services to meet these demands there is a need to enhance information technologies to continually "Strategic management involves major decisions, business choices and actions that chart the course of the entire enterprise" (Gomez-Mejia et al., p 156). The undertaking of strategic planning is usually the responsibility of executive staff of a company and in this case consists mainly of owner Kathy Kudler. She, in fact hired an intern to help her to create Kudler Fine Food strategic plan. Kudler Fine Foods focus is to enhance and grow utilizing the initial concepts of the gourmet food store. Because her concepts consists of overall control of customer service, hiring of company staff and ordering of products the growth is emanate, but a strategic plans is necessary in order to meet the changes in business needs. This paper provides and analysis of Kudler Fine Foods strategic management plan, and the impacts it has pertaining to technology, customer services and busy growth opportunities, and impacts both negative and positive of internal and external entities on the success of Kudler Fine Foods future goals and objectives.
Kudler is a company that is "committed to providing customers with the finest selection of the very best foods and wines so that your culinary visions can come true." Kathy Kudler runs the business and is first hand on all aspects of the business. Kathy currently has three stores, one of which is having some difficulties. Kathy will work seven days visiting, working, and processing the inventory. She has a manager, an assistant manager, and a specialist for each store. Each individual is top paid with the exception of the cashiers and local college students who help with stocking. She currently has no local competition, can expand to compete online and can offer more catering services. Kathy also "handles the delivery, set-up, distribution, and clean-up for the event." She often earns tips that usually pay her expenses for travel and set-up. Currently Kathy does not have an automated system. She has been manually controlling and monitoring the product. Her intent is to expand the business for approximately 15 years and then retire. The major problems I will discuss as opportunities are: trust (or Leadership), automation of systems, and Human Resource Management.
Kathy Kudler has a vision and that vision is to be the premiere gourmet grocery store for those savvy shoppers who are searching for the finest meats, produce, cheeses, and wine. Kathy's passion for gourmet food led her to the opening of her first store in 1998. Kathy had no prior experience. She now has three stores, one of which is having difficulty and she anticipates closing this store and opening another. Kathy attempts to keep the stores centrally located so that she can personally visit each store. Most of Kathy's clientele are repeat customers because her stores are very customer oriented.
Although Kathy is a good manager, she has not contributed good leadership skills with her existing employee base. Kathy spends most of her time managing the finance side of the business as well as the inventory side of the business. She does not inspire her employees to make decisions in her absence or motivate them with empowerment. She is basically running the full operation herself. It would be best for Kathy to look into Human Resource Management and automation of all systems as this will allow her more time to focus on motivation of her current staff.
Technology is a vital component of the majority today's companies, and there is some form of information technology (IT). IT is a part of Kathy Kudler's strategic plan. Part of this technological enhancement is the online catering and e-commerce capabilities, so that even if customers are not in the area of a store there is still the ability to purchase online the products desired (Kudler Fine Foods Virtual Portal Strategic Plan, 2003, p. 15). There is a link on the new website that was developed in by 2004, but newly updated website has even more additional enhancements effective 2009. The technological enhancements have streamlined processes and created efficiencies. This is advantages for the future growth of the Kudler Fine Foods. Internet accessibility enables entry barriers to "erode" and allowing new companies to outreach to worldwide consumers (Gomez-Mejia et al., p 162). Being available creates brand exposure and service promotion.
To expand and sustain specialty foods competition advantage Kudler fine Foods has to assess the strengths, weaknesses, opportunities and threats (SWOT) throughout the implementations of a strategic management plan for the epicurean store. SWOT analysis looks...
Kudler's advertising and marketing in its present form is through the Easter and Thanksgiving holidays with the local newspaper flyers every month. Marketing is a key component of a successful business and KFF should consider different methods of involving the community. For example, television advertising, Internet, radio stations and more promotions are viable. Secondly, employees must be sufficient time for KFF to obtain benefits. Many organizations have begun to
External Environmental Analysis Sources (Opportunities and Threats) The appropriate sources for the external environment analysis as pertains to opportunities include the available public information about the economic factors in relation to expansion, company information about the efficacy of purchasing operations, capacity for increasing catering services and product lines, and published information about prospective companies that could potentially have an interest in acquiring Kudler Fine Foods. The appropriate sources for the internal environment
validate the organizational vision, mission, and value system. The organizational vision of Kudler is to "build and maintain Total Customer Value by providing knowledgeable and friendly staff, better product selection and impeccable image." Its mission is to "provide high quality foods and wines to our valued customers, backed by superior customer service" Its value system is: "Management is obligated to obtain the best products for our valued customers. Employees at Kudler's must
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