Analysis of Kudler Fine Foods: to Manage or Lead
- Submitted by: needhelpnow
- Views: 830
- Category: Other
- Date Submitted: 11/21/2011 06:34 PM
- Pages: 3
- Report this Essay
To Manage or Lead
MGT/521
To Manage or Lead
Kathy Kudler joined a prestigious oligopoly when she created Kudler Fine Foods (KFF.) Currently there is very little competition in the gourmet food and supply market. Without much experience in the business to guider her, she decided that her involvement in every aspect of the business would be very hands on. Even now, Kudler is torn between three KFF locations. At least weekly, she visits each store and serves as the top manager, buyer, ear to the consumer, and inspiration behind the company’s success. Naturally then, as she hopes to continue to expand the chain with more stores and a dream of joining the cyber arena, her burdens expand right alongside. Kudler will need to give up some of the managerial roles to lead the company to further success.
Possible Solutions
In chapter 2 of “Understanding business,” (2008) W. Nickels and coauthors explain that the key to success within this type of market is advertising. According to KFF’s 2003 financial reports, $263,000 was spent on advertising. Without extensive research, it would be impossible to say whether the company’s current budget or method for advertising was particularly effective, but one thing is for sure, Kudler’s vision for getting online is genius. With print media quickly becoming obsolete and digital video devices giving us the power to fast forward commercials it is apparent that the future of advertising rests largely on the Internet. With online advertising and sales, her market would not be limited. She could focus on a bigger business from one location instead of rushing around California to serve a much smaller target group.
Another solution to the issues between time and management for Kathy Kudler is hoped to be solved by staffing. According to KFF’s 2003 Strategic Plan, Kudler has already admitted that her ability to handle the managerial roles as tightly as before is no longer possible. She plans to hire more experienced buyers...
MGT/521
To Manage or Lead
Kathy Kudler joined a prestigious oligopoly when she created Kudler Fine Foods (KFF.) Currently there is very little competition in the gourmet food and supply market. Without much experience in the business to guider her, she decided that her involvement in every aspect of the business would be very hands on. Even now, Kudler is torn between three KFF locations. At least weekly, she visits each store and serves as the top manager, buyer, ear to the consumer, and inspiration behind the company’s success. Naturally then, as she hopes to continue to expand the chain with more stores and a dream of joining the cyber arena, her burdens expand right alongside. Kudler will need to give up some of the managerial roles to lead the company to further success.
Possible Solutions
In chapter 2 of “Understanding business,” (2008) W. Nickels and coauthors explain that the key to success within this type of market is advertising. According to KFF’s 2003 financial reports, $263,000 was spent on advertising. Without extensive research, it would be impossible to say whether the company’s current budget or method for advertising was particularly effective, but one thing is for sure, Kudler’s vision for getting online is genius. With print media quickly becoming obsolete and digital video devices giving us the power to fast forward commercials it is apparent that the future of advertising rests largely on the Internet. With online advertising and sales, her market would not be limited. She could focus on a bigger business from one location instead of rushing around California to serve a much smaller target group.
Another solution to the issues between time and management for Kathy Kudler is hoped to be solved by staffing. According to KFF’s 2003 Strategic Plan, Kudler has already admitted that her ability to handle the managerial roles as tightly as before is no longer possible. She plans to hire more experienced buyers...