Part III Problem Solving 1. Complete your performance sheet and submit (you can use the snipping tool) a. Your current Performance sheet and grade [after you entered your HW 1 and 2 points (only)] b. A couple of sheets with what if analysis, identify what the sheet shows. 2. The case: I would like to start a small coffee shop in my neighborhood, can it be successful? Furthermore, I like to see if I can make profit after a year, and what can I do to be successful. Potentially I like to make at least $80,000 in the first year. How can I do that? Please advise me. 1) What steps do you take to do the consulting for such a case? (Hint: problem solving steps) 1. 2. 3. 4. 5. 1 2. What strategy do you recommend for: (Use the 3 tools that you learned to see if your recommendations helps in achieving sustainability & Competitive Advantage, identify weaknesses and strengths and analyzing the sustainability of a strategy. Also, do what if analysis, goal seeding to find the critical factor.) The strategy in The strategy (list) What is the Is it valuable? Unique? Enabler? Imitable? Substitutable? 1. Procurement 2. Operation 3. Marketing 3) Can you recommend a coffee machine for this venture? [See a video about Automating Coffee making; Search for: "Review: Jura GIGA 6 Automatic Coffee Machine"; Robot Barista?; Smarter WiFi Coffee Machine Review; Cafe X opens a robotic coffee shop in SF; This Robotic Barista Made My Coffee; ROBOT CafeX vs BARISTA. WHO WON?) 5) Use the Implementation (Your Cost/Benefit Projection) and Test the sensitivity of your Strategy; for example, (Do what-if, case study, goal seeking analysis, submit a snapshot of each case) $80,000 in the first year. How can I do that? Please advise me. 1) What steps do you take to do the consulting for such a case? (Hint: problem solving steps) 1. 2. 3. 4. 5. 1 2. What strategy do you recommend for: (Use the 3 tools that you learned to see if your recommendations helps in achieving sustainability & Competitive Advantage, identify weaknesses and strengths and analyzing the sustainability of a strategy. Also, do what if analysis, goal seeding to find the critical factor.) The strategy in The strategy (list) What is the Is it valuable? Unique? Enabler? Imitable? Substitutable? 1. Procurement 2. Operation 3. Marketing 3) Can you recommend a coffee machine for this venture? [See a video about Automating Coffee making; Search for: "Review: Jura GIGA 6 Automatic Coffee Machine"; Robot Barista?; Smarter WiFi Coffee Machine Review; Cafe X opens a robotic coffee shop in SF; This Robotic Barista Made My Coffee; ROBOT CafeX vs BARISTA. WHO WON?) 5) Use the Implementation (Your Cost/Benefit Projection) and Test the sensitivity of your Strategy; for example, (Do what-if, case study, goal seeking analysis, submit a snapshot of each case) a. Is the shop at the breakeven point? What if the initial number of customer visited is 60? b. Should I spend $10,000 for ads hoping that I can increase the growth to 15%? c. How many visiting customer should I have to be at the break-even point d. What should be the growth rate so that I can make $80,000 in the first year