Preview

Westlake Lanes Case

Powerful Essays
Open Document
Open Document
2699 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Westlake Lanes Case
Westlake Lanes: How Can this Business Be Saved?
Professor: Dr. Jonathan Lee
75-498 Section 2
Submitted By: Mukund Gokulka

Identification of Issues: Westlake Lanes have been facing major problems in their business and was in a critical stage. Shelby Givens, the newly general manager appointed by the board is concerned whether she could bring back this business to profitability in a year’s time. After her 9-month tenure Givens bought the business back to profitability for the first time in two years. She was still worried whether the business at this rate could payback the loans owed to their board members and after analysing it competitors Givens comes up with alternatives in order to payback its board. The main problem is to convince the board or else they might decide against any of her alternatives and chose to close down the business and liquidate their assets.
Internal Analysis: Westlake Lanes have been already been around for 30 years in business and since being the only bowling centre in Raleigh downtown these factors contribute well to the competitive advantage of the business. Now, let’s analyse the business strengths and weakness using a critical concept called VRINE.
Vrine Analysis: Valuable: The fact the business has been around for 30 years is itself valuable because it has contributed directly towards the loyalty of customers towards the business. This loyalty has resulted in the ongoing of business continuous flow of revenues and thus eliminating direct and indirect competition for its customers. This long term of business itself contributes to the most valuable part and thus making the customers believe that anything for this long is to be an effective organization.
Rare:
The survival of the business this long contributes to the rate factor of this analysis. There are not many business which operates for this long especially from the 70s. If they survived they are mostly due to

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Case

    • 278 Words
    • 2 Pages

    I think that the owner does need to know a medium amount of knowledge because he needs to be able to handle things wisely. What you know is what you can do.…

    • 278 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Case

    • 397 Words
    • 2 Pages

    Managers are most likely to step across ethical and legal boundaries when the pressure to perform is great. Pressure can be healthy but companies that set high-performance targets and grant large rewards for achieving these must have strong control systems to ensure that people are not tempted to cross boundaries. What are the four important control systems? Please identify each control by name.…

    • 397 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Twelve lifelong friends made a business plan to open up a bowling alley near Norfolk, Virginia. They used $1,200,000 of their personal money to create a 6 million dollar bowling center. Two of the investors became employees at the bowling center. One investor became a fulltime general manager and the other investor became a part time controller. The bowling center consists of 48 lanes, a full service bar, a small…

    • 1013 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Lakeside Case

    • 656 Words
    • 3 Pages

    · Rogers would like Abernethy and Chapman to take over their account, as well as help develop new accounting systems.…

    • 656 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    4. Emphasizing the product quality The durability of the company could last long. It gives the company to have a durability image to the customers. Customers would likely be satisfied and the company could gain some customer loyalty.…

    • 1050 Words
    • 4 Pages
    Good Essays
  • Best Essays

    King St Industries Case

    • 1841 Words
    • 8 Pages

    An employment contract is an informal (oral) or formal (written) legally binding agreement between an employer and an employee specifying the legal rights and obligations of each party. (Stone 2006 p.682) This essay will discuss the implications of having no written or no relevant employment contract for both the employer and the employee, it will also discuss the implications that can arise once employment has been terminated. Specifically, Four main points will be identified and researched to help Kings St Industries formalise this situation. These main points are; How can the company successfully terminate Bert’s employment? What restrictions apply to Bert if he leaves and joins a competitor? What happens if Bert provides confidential marketing information to a new employer? And, what happens if Bert lures away and hires other staff currently employed by King Street Industries?…

    • 1841 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Case #1 Lakeside

    • 1552 Words
    • 7 Pages

    1. The owners of Lakeside as well as the company’s bank may require that an independent CPA firm perform an annual audit because the CPA firm could have an independence issue. The CPA firm in that Lakeside wants to hire is also the auditors for Lakesides main financial bank. The bank is a “main” user of the report put out by Lakesides auditor and in this case would be that banks auditor too. The connection is too close for the CPA firm to pick up this client, it would be against the ethically code.…

    • 1552 Words
    • 7 Pages
    Good Essays
  • Good Essays

    WindVest is a small family business specialized in designing and manufacturing windshields for motorcycles. The company has experienced an annual growth of 10% and 1.5 million Dollars of sales. In order to overcome the local competition WindVest would like to improve the company’s efficiency trough the restructuring of their supply chain and finding suppliers that are located around their headquarter located in Campbel in California. WinVest is encountering a lot of problems issues related to leadership and organization dysfunctioning which make the implementation of their new strategy a hard task.…

    • 779 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mgm Case

    • 1291 Words
    • 6 Pages

    MGM Mirage’s mission statement that is posted on their website is “Our mission is to deliver our winning combination of quality entertainment, luxurious facilities and exceptional customer service to every corner of the world in order to enhance shareholder value and to sustain employee, customer and community relationships.” In this way, it is easy to say that MGM Mirage continues to do its core businesses because revenues mostly come from gambling, and the company organizes a forcible growth strategy to compete with powerful rivals and to be the best one among them.…

    • 1291 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    most can attribute their success to being nearly half a century old, having a long established product…

    • 3202 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Case

    • 1026 Words
    • 4 Pages

    Health Cruises, Inc., packages cruises to Caribbean islands such as Martinique and the Bahamas. Like conventional cruises, the packages are designed to be fun. But the cruise is structured to help participants become healthier by breaking old habits, such as smoking or overeating. The Miami-based firm was conceived by Susan Isom, 30, a self-styled innovator and entrepreneur. Prior to this venture, she spent several years in North Carolina promoting a behavior-modification clinic.…

    • 1026 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Case

    • 1687 Words
    • 6 Pages

    An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.…

    • 1687 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Engineer

    • 457 Words
    • 2 Pages

    Problem Definition. Justification for Problem Definition List of Alternative course of action Evaluate Alternatives Conclusion & Recommendations…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Do you at this point already see part of your business in what I have said this far; if you are, continue reading because you will soon learn from these bad business practices.…

    • 1963 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    bait n reel

    • 632 Words
    • 3 Pages

    In 1983, “Bait and Reel” was established in Pennsylvania, by local fisherman and environmentalist Jamie Roberts. It started as a small fishing store that provided fishing supplies for the convenience of the local fishermen in the area. Later on, the business grew as people all over the county started to patronize Bait and Reel as they were induced by its ability to provide excellent services and extensive supply of fishing materials. In the mid-1990s, the business expanded into a superstore and the number of employees increased every year. To make business operations more effective and efficient, the management decided to install an automated computer system. With the upgraded system, revenue increased sharply over the years. However, in 2001, problems started to crop up; notably, there are discrepancies between the on-record and actual level of inventories. With these, the management began to reconsider its operations, particularly its expenditure cycle procedures, and seek solutions to its internal control weakness.…

    • 632 Words
    • 3 Pages
    Satisfactory Essays