All-Star Real Estate Inc. is a relatively new licensing and educational business on the outskirts of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
All-Star Real Estate Inc. is a relatively new licensing and educational business on the outskirts of downtown Vancouver. Currently, it is housed in a three-story building with twelve presentation/training/assessment rooms (on average, each room has 27 seats). As Vancouver is a real estate hotbed with lots of real estate activity, the ownership and management are trying to find ways of expanding business operations. Hence, they have contracted you, a talented team of MBAs with accounting/finance expertise, to supply a business report analyzing the current issues faced by the business with specific, detailed recommendations. All-Star attracts a mix of local and international customers. The institution offers competitive licensing and course/workshop enrollment rates to similar, smaller-sized businesses in the region, but All-Star has benefitted from the highest growth rate and, hence, now enjoys the largest employee and customer groups. The business has quickly filled to nearly 100% of its physical capacity in three short years (some availability must be maintained for emergency meetings and events). Hence, it needs to explore expansion options so that it can continue to serve new customers and generate higher profits. Based on sales data and surveying of customers, the top motivation for entering business with All-Star is to obtain realtor or real estate appraisal licensing- this is often the main goal of local customers. However, a close secondary goal for individuals outside the country has been to understand Vancouver real estate better. With this knowledge, they can make better investments or help wealthy clients, friends, and family members back home achieve their investment objectives in the Vancouver area. Some customers have even reported that they have opted to move to Vancouver after enrolling in course with All-Star and seeing the beautiful city! The sales data and survey results have the marketing director, Shelly, reconsidering the business's marketing strategy. She is wondering if the business's marketing should promote an investment bridge, or even living bridge, into Vancouver- even though there are other factors which could impact one's ability to move or invest here. Shelly understands that advertising should be tasteful and ethical but also wants it to be effective so that she can impress the higher ups with her work. Local residents and news outlets have raised concern over the availability and cost of real estate in Vancouver. All-Star employees have heard a growing number of complaints from Vancouver residents about their part in making the local housing situation worse. Although they have pointed out that All-Star also offers workshops and courses on real estate development, and others on renting units out, All-Star seems to continue to get its share of hate in the city. Shelly wants advice on how the business can market itself for growth and still improve its brand locally. A real estate oversight board, managed by the BC government, has recently warned All-Star that it will be regulating the growth of such businesses/industries more closely in the upcoming year. In fact, it is highly likely that All-Star would need to cap customer numbers at end-of-2024 levels. Hence, management believes this to be the business's final real opportunity to grow without restrictions from the oversight board. The business's President, Don, is urging you to analyze two options under consideration carefully and give a detailed recommendation. All-Star Real Estate Inc. is a relatively new licensing and educational business on the outskirts of downtown Vancouver. Currently, it is housed in a three-story building with twelve presentation/training/assessment rooms (on average, each room has 27 seats). As Vancouver is a real estate hotbed with lots of real estate activity, the ownership and management are trying to find ways of expanding business operations. Hence, they have contracted you, a talented team of MBAs with accounting/finance expertise, to supply a business report analyzing the current issues faced by the business with specific, detailed recommendations. All-Star attracts a mix of local and international customers. The institution offers competitive licensing and course/workshop enrollment rates to similar, smaller-sized businesses in the region, but All-Star has benefitted from the highest growth rate and, hence, now enjoys the largest employee and customer groups. The business has quickly filled to nearly 100% of its physical capacity in three short years (some availability must be maintained for emergency meetings and events). Hence, it needs to explore expansion options so that it can continue to serve new customers and generate higher profits. Based on sales data and surveying of customers, the top motivation for entering business with All-Star is to obtain realtor or real estate appraisal licensing- this is often the main goal of local customers. However, a close secondary goal for individuals outside the country has been to understand Vancouver real estate better. With this knowledge, they can make better investments or help wealthy clients, friends, and family members back home achieve their investment objectives in the Vancouver area. Some customers have even reported that they have opted to move to Vancouver after enrolling in course with All-Star and seeing the beautiful city! The sales data and survey results have the marketing director, Shelly, reconsidering the business's marketing strategy. She is wondering if the business's marketing should promote an investment bridge, or even living bridge, into Vancouver- even though there are other factors which could impact one's ability to move or invest here. Shelly understands that advertising should be tasteful and ethical but also wants it to be effective so that she can impress the higher ups with her work. Local residents and news outlets have raised concern over the availability and cost of real estate in Vancouver. All-Star employees have heard a growing number of complaints from Vancouver residents about their part in making the local housing situation worse. Although they have pointed out that All-Star also offers workshops and courses on real estate development, and others on renting units out, All-Star seems to continue to get its share of hate in the city. Shelly wants advice on how the business can market itself for growth and still improve its brand locally. A real estate oversight board, managed by the BC government, has recently warned All-Star that it will be regulating the growth of such businesses/industries more closely in the upcoming year. In fact, it is highly likely that All-Star would need to cap customer numbers at end-of-2024 levels. Hence, management believes this to be the business's final real opportunity to grow without restrictions from the oversight board. The business's President, Don, is urging you to analyze two options under consideration carefully and give a detailed recommendation.
Expert Answer:
Answer rating: 100% (QA)
Business Report for AllStar Real Estate Inc Executive Summary AllStar Real Estate Incfaces a confluence of opportunities and challengesWith high growt... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
THE SHOPPES AT RIVERSIDE Fonda L. Carter, Columbus State University Kirk Heriot, Columbus State University CASE DESCRIPTION This case asks the students to recommend a decision to a group of...
-
Multiple Choice 1. Which of the following concepts are pervasive in the application of generally accepted auditing standards, particularly the standards of field work and reporting? a. Internal...
-
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): The selling price of the company's product is $18.00...
-
Suppose an automobile insurance company classifies a driver as good, average, or bad. Of all their insured drivers, 25% are classified good, 50% are average, and 25% are bad. Suppose for the coming...
-
In a differential pulley block, the diameter of the smaller pulley is 9/10 th of the larger pulley. Find the load lifted by the block with an effort of 200 N if the efficiency is 45%.
-
The following is a partial trial balance for General Lighting Corporation as of December 31, 2011: 300,000 shares of common stock were outstanding throughout 2011. Income tax expense has not yet been...
-
why it is important to have a good first impression and why you must stand out to the interviewer ? As a health care professional, what are the skills you can develop to build positive relationships...
-
Oil (sp. gr. = 0.8) flows smoothly through the circular reducing section shown at 3 ft 3 /s. If the entering and leaving velocity profiles are uniform, estimate the force that must be applied to the...
-
Numerical question : What is the effective stress at point A? A static force Fof 50,000 lbf is applied to the steel rod OAB the negative X-direction. Rod OAB is mounted to a wall, and can be assumed...
-
Divide as indicated. +5 x +3 3x+9 2
-
Cavy Company completed 5,060 units during the year at a cost of $278,300. The beginning finished goods inventory was 1,110 units valued at $56,610. Assuming a FIFO cost flow, determine the cost of...
-
Prepare the journey entry for Wong to record the loans prepare the journey entry for Sugimoto to record the allowance.
-
Thomas, the sole shareholder of Price Corporation, has a basis of $825,000 in his stock. He exchanges his Price Corporation stock for $975,000 of Roland Corporation voting common stock plus land with...
-
Selected cost data for Classic Print Co. are as follows Estimated manufacturing overhead cost for the year $125,000 Estimated direct labor cost for the year 78,125 Actual manufacturing overhead cost...
-
Discuss the scope of the supply chain, logistics chain, and transport chain.
-
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
-
Hinton Property Management Company (HPMC) owns several properties that it rents to major hotel chains such as The Westin and Holiday Inn. HPMC does not operate the hotels but instead simply provides...
-
Big City Gymnastics (BCG or the Club) is a not-for-profit organization that operates a gymnastics club. BCG was incorporated in May 1983 and has operated the Club at the same facility since that...
-
Refer to the 2013 financial statements for Canadian Tire Corporation in Appendix D. Required: a. Which measurement basis does the company use for its PPE (cost or revaluation)? Where in the annual...
-
What are the main types of investors that fund entrepreneurial ventures?
-
What steps are needed to show that entrepreneurial finance is beneficial to the economy at large?
-
What are the main challenges that entrepreneurs and investors face at the four steps of the funding cycle, as described in the FIRE framework?
Study smarter with the SolutionInn App