Statement of problem, opportunity, objectives Essay Example for Free

Statement of problem, opportunity, objectives EssayAlan Baird, the founding figure of Stitch it, a primarily mall based service supplier which officers alteration services to the private and public sector, was now the companys CEO. In 1990, Baird sold Stitch it to a business assort after sales and income had begun to slow. After selling his company and having stayed on as CEO, he oversaw the growth of the company and overall expansion form the initial 3 stores under Bairds direct leadership, to todays 84 stores throughout Canada and the United States. Now having the opportunity to buy back his business venture, his daughter, Jennifer Baird has expressed her interest I fit an executive in the Stitch It Group.Analysis of situationAlthough Jennifer Baird has graduated from The University of Western Ontario with a bachelors degree in the administrative and commercial studies architectural plan in 2000, she lacks real-time get to go into the Stitch It Group and lead as an execu tive. She would have a difficult time attempting to adjust to the fast paced surround in addition to having the support from her peers or the respect from her employees without having earned her stripes. To address the concern, Alain Baird proposed a plan of attack to expose his daughter to the much needed experience by completing a 10-year plan. The plan called for her to assume the role of a local store moving up to managing operations to various stores and then rotating thru positions in business operations, accounting department, marketing and human resources before heading into an executive positionIdentification and evaluation of alternatives alternating(a) 1 Jennifer Baird can continue with her raising and her goal to be a top executive by taking courses and earning a degree in business management. Advantage She would take this education into a tentative 10-year program her father will develop and expose her to real-life situations with the day-to-day operations of the group . discriminate This option might deter her father from purchasing the group in the manner that it would be up to an additional four years of schooling before she can accompany and assist him the business operations.Alternative 2 Alan Baird takes his daughter, Jennifer Baird, under his wing and shows her the ropes after completing her education at The University of Western Ontario and assigns her to and extended internship program after he accepts the offer to buy back his prior business group. Advantage Alan Baird fulfills his dream to operate a family business in addition he assures himself his daughter obtains the necessary exposure to the successes and failure of running the business. Disadvantage Within time, Alan Baird might not have the physical stamina to run the family business and keep up with his daughters training.Decision, course of action, implementationAlternative 2 is the best course of action available to Alan Baird. By taking his daughter under his leadership, he can share first-hand experience and knowledge to shoot down and continue in the groups success and he can have the family business he always sought after.