Preview

Case Study, Grand Jean Company

Good Essays
Open Document
Open Document
697 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study, Grand Jean Company
Q1. How would you describe the goals of: (a). The company as a whole. The goals of the company as a whole means the broad, usually non-quantitative, long run plans relating to organization. As we know, Grand Jean Company has been one of the world’s largest clothing manufacturers, which means it is at a relatively mature stage with variety lines of dress and jeans for men, women and boys. Therefore, according to the BCG Model, described the Business Unite Missions, the company 's strategic goal should be “Hold” in the long run. And in order to achieve the goal, the company should maintain the high standard in growth rate, cash source, market share and cash use. Meanwhile, Grand Jean should be stated as “Harvest” right now, in terms of the stable growth rate but not high by now. (b). The company’s 25 managers of manufacturing plants The objectives of the company’s 25 managers of manufacturing plants, however, are more specific, often quantitative, shorter run plans for individual responsibility centers. The company treats the 25 plants as expense centers whose inputs are measured in monetary terms, but whose outputs are not. And the manufacturing plants are part of engineered centers, which relate to engineered costs. Since the outputs can be measured in physical terms, and the optimum dollar amount of input required to producing one unit of output can be determined. In this way, their objective is to put one plant to work for a whole year on one type of pants. So that they can save start-up costs and keep the plants at peak efficiency. (c). The company’s marketing organization. Meanwhile, the five marketing departments of marketing are treated as revenue centers, whose output is measured in monetary terms, but no formal attempt is made to relate input. Because the performance of marketing department managers is measured on the basis of meeting these targets, so the objectives for the normal sales force should be earning as much as commissions,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    This case study about J. C. Penney Co. is about how a company is endeavoring to increment profitability by attracting the best assets in business and customers. Lowering prices, marking down prices, and offering standardized products rather than unique and “designer” (Case Study, pg. 2) product are what this company's strategy is all about.…

    • 54 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Case Study: Jcpenney

    • 385 Words
    • 2 Pages

    Ron Johnson made some bad decisions that caused him to only last as the CEO of JCPenney for seventeen months (Kinicki & Williams, 2013). His bad decisions consisted of misreading what the shoppers wanted, no testing of ideas prior to execution, distancing himself from the essential consumers, misread the JCPenney brand (Tuttle, 2013).…

    • 385 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Founded in 1902 by James Cash Penney, J. C. Penney Corporation, Inc. (JCP) is a chain of mid-range department stores based in Plano Texas. JCP currently has 1,060 department stores in 49 U.S. States in operation. JCP stores sell conventional merchandise as well as leased departments. Some examples of leased departments are Sephora, optical centers, portrait studios, and jewelry repair. Before 1966, most of its stores were located in downtown areas. As shopping malls became more popular in the latter half of the 20th century, J. C. Penney began relocating and developing stores in malls as other companies had done. In more recent years, the company began opening some standalone stores. The company has been an Internet retailer since 1998. It…

    • 925 Words
    • 4 Pages
    Good Essays
  • Good Essays

    This paper will serve as a proposal, using a balanced scorecard approach to demonstrate the project’s value to Centervale Apparel, using the given data. This will included a cost-benefit analysis, such as payback period or ROI that relies on tangible measures of organizational value through cost savings, revenue enhancements, or improvements in the speed, quality, or efficiency of key processes that help achieve a competitive advantage. Alternatives will be identified, if any, to the project implementation and provide a justification for each. A completed a risk assessment of all risks associated with implementing the project using an enterprise risk management (ERM) model. This paper will described total cost of ownership and…

    • 845 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Buss3 Exam Guide

    • 6948 Words
    • 28 Pages

    Medium to long term goals of the business functions within a business, helping it achieve its corporate objectives…

    • 6948 Words
    • 28 Pages
    Powerful Essays
  • Satisfactory Essays

    JC Penney's Case Study

    • 106 Words
    • 1 Page

    I use to work for JC Penney's a few years back. JC Penney's was definitely affected by the technology/digital age. They were pretty well know for their "catalog" department. Of course, the internet took care of people needing to go into the stores to place catalog orders, so JCP had to shut down their catalog departments. It wasn't doing well there for a while, the look was "old school". Macy's at the time was coming in taking over Kaufman 's in the malls, putting the pressure on JCP. JC Penney's had to re-model a bunch of their stories, to keep up with the "new" modern look.…

    • 106 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Case Study: Jcpenney

    • 631 Words
    • 3 Pages

    James Cash Penney founded JCPenney in 1902 in Kemmerer, Wyoming. It was originally called J.C. Penney Corporation, Inc. JCPenney is known for selling clothing, home furnishings, jewelry, makeup, and cooking supplies. JCPenney has a partnership with Sephora and Ralph Lauren, which are big name brands. Their current headquarters is located in Plano, Texas.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Good Essays

    w1. Johnson Co. prepared the following reconciliation of its pretax F/S income to taxable income for the year ended 12/31/94, its first year of operations:…

    • 722 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Whilst a simple cost accounting system gives us the overall picture of the company, it doesn’t truly reflect an accurate picture of the performance of each product. In order to get a clearer picture of the situation, we need to examine the true relation of costs on each product based on their…

    • 817 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    J. C. Penney was founded by a successful retail businessman from Missouri named James Cash Penney. Penney had a deep respect for customers and wanted to create stores that was ran with honesty. J. C. Penney Company is a nationwide chain of stores that sells a wide variety of products (JC Penney 2013). Up until four years ago, JC Penney was one of the largest mid-range department store chains in America (Jacques 2014). JC Penney was on top of the catalog market when Sears closed down their catalog business in 1993 (Jacques 2014). However, in 2012 JC…

    • 1142 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Even thought the role of marketing is to deal with customers, marketing management must work closely with other departments in the organization such as Accounting and Finance, R&D, Purchasing or Engineering to accomplish the goals of organisation (Kotler et al. 2009).…

    • 1779 Words
    • 8 Pages
    Best Essays
  • Better Essays

    Fashion may be defined as a way of living, decorating, etc., which is popular today, but will soon lose their popularity. It is something passing and temporary, a simple craze of the moment to be looked down upon with dislike. For example, tight pants are the fashion today, but only a short while ago broad loose pants were the order of the day. If today a man appears in society wearing broad pants, he would be held up to ridicule, but only a few years ago they were the height of fashion, symbols of good taste and culture. American Eagle Outfitters (AEO) and Abercrombie & Fitch (A&F) are two companies that play a major role in the clothing industry. The following discussion with compare and contrast the competitive advantages of the supply chain of the two companies.…

    • 2104 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Cheat Sheet 2 Redo

    • 1352 Words
    • 4 Pages

    A good process is supposed to have short cycle time. In general, work-in-process inventory is large for a process layout, and small for a product layout. Which of the following characteristics is not associated with a product layout? Highly skilled workers. which of the following characteristics is not usually associated with batch production? stable, predictable demand.Which of the following is not considered a major process type? Fabrication An advantage of a make-to-stock process is which of the following? Rapid delivery of a standard product. Which of the following is true regarding cycle time? Companies prefer a smaller cycle time. Which of the following is related to lean production? A philosophy of waste elimination. The cost of achieving good quality falls into which of the following categories? prevention and appraisal costs .The cost of poor quality includes all of the following except inspection costs .The degree to which a product meets established standards is called conformance.Which of the following is not a dimension of service quality?safety. A company sells 25,000 units per year. The selling price of the unit is $30. The variable cost per unit is $20 per unit. The fixed cost per year is $50,000. At what level of demand will break-even occur? 5000 units. Bakery store normally uses batch production. Process Plans are a set of documents that detail manufacturing and service delivery specifications. Which of the following characteristics is associated with a process layout? low volume. ABC, Inc., is a new company and must decide which of two processes to use in producing their product. The product is expected to sell for $14 per unit and the costs associated with each process appear below. A=P&E $6,000 L&M $8 per unit B= $8,000 L&M $4 per unit. Using the information in Table 4, which of the following statements is true? If demand is 800 units, Process B is best. Which of the following processes is not in the Deming four stage process? be…

    • 1352 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Henry Clements Car rental

    • 453 Words
    • 4 Pages

    From this data, as well as the data given on manufacturing methods and hours per method, a solution could be found utilizing the linear programming method of analysis. To analyze the data, the actual profit on each material was first calculated. This was done by taking the selling price and subtracting each cost associated with the given material. The results are $34.00 for the 75C, $30.00 for the 33C, $60.00 for the 5X, and $25.00 for the 7X. The next step was to determine how many constraints would be part of the analysis. There was determined to be 10 constraints in the analysis, 4 for the April orders, 4 for the manufacturing methods and 2 for the minimum orders promised by Vivian. With this data, the amount of each product to be produced to maximize profit for April could be determined. The results can be seen in Table 3.…

    • 453 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    sales and marketing functions into one division. The core objectives of this paper will thus be to…

    • 6643 Words
    • 42 Pages
    Powerful Essays

Related Topics