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May 09 Case Study


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my teacher gave me these questions.

1-analyse the advantages and the disadvantages of LM effort in implementing a socially responsible objective to the business.

2-Prepare SWOT analysis and based on the SWOT prepared evaluate all the options considered by LM.

3-Prepare PEST, discuss how the external factors have affect LM performance.

I have forgotten the rest.i will post it later,

p/s-my lecturer said ...it is very important to prepare SWOT and PEST analysis for case study.

i hope these help...

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A business teacher ask this question "Is ecotourism for LM to be a passing fashion?"

What do you guys think about it?

My teacher said, if we know about this, option 1 will be the most appropriate option to chose.

By the way, what option do you guys chose?

I too am troubled with this statement 'Is ecotourism for LM to be a passing fashion?'. If it is a passing fashion , does it mean that ecotourism is just a trend that might become obsolete in 3-4 years to come?? So this means that choosing option 1 is not the best right??

i'm confused...

i also think that option 1 is the most suitable action to choose...

Edited by viviryoki
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Here are more questions ...like i promised

1-with reference to profitability ,efficiency and liquidity ratios, analyse the changes that have taken place in the financial position of LM between 2005 and 2008.

2-discuss how LM differentiate themselves and their services from their competitors.

3-Distinguish between the different types types of promotion used by LM.

4-analyse the promotional tools used by LM and discuss their effectiveness.

5-From the text, identify examples of primary and secondary data.

6- Evaluate possible primary and secondary research that will helping LM decide on their target market.

7-Define a private Ltd Company.

9-Assess the reasons why LM decided to convert the sole trader to a private Ltd co.

10-Outline the purpose of a mission statement.

Analyse how the development of a mission statement would benefit LM.

11-Discuss ethical approaches that may help LM to address issue of social responsibility.

hope these are helpful... together we can achieve 7 in biz.

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I too am troubled with this statement 'Is ecotourism for LM to be a passing fashion?'. If it is a passing fashion , does it mean that ecotourism is just a trend that might become obsolete in 3-4 years to come?? So this means that choosing option 1 is not the best right??

i'm confused...

i also think that option 1 is the most suitable action to choose...

Base on line 161, it said that "they believe eco-tourism to be a passing fashion"

How to justify that believe? In reality is eco-tourism a lasting industry? Will it continue for several years?

I'm confused too...

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Wow, interesting to see the different points of focus on the case study... My teacher told us to consider leadership styles for Sophie, and to look at what she's doing with her HR management.

Sophie could really either... head for the niche market, which is pretty high risk but would potentially yield more profit, or be like Sanctuary, which I think is boring because that's relatively lower risk and... who wants to be like everyone else?

Anyway, what do you guys think about her staffing issues? Especially at the shop...

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Wow, interesting to see the different points of focus on the case study... My teacher told us to consider leadership styles for Sophie, and to look at what she's doing with her HR management.

Sophie could really either... head for the niche market, which is pretty high risk but would potentially yield more profit, or be like Sanctuary, which I think is boring because that's relatively lower risk and... who wants to be like everyone else?

Anyway, what do you guys think about her staffing issues? Especially at the shop...

We have done a discussion to cover all part of business element which related with LM. We are going to next stages, to analyze what option should Sophie put under her consideration. As a result, we agreed that Option 1 is the best because Sophie should consider to overcome the problem in her business internally instead of externally. Yeah, I am agree that niche market is pretty high risk, it is actually beneficial for LM to a certain extent. In term of HR management, Sophie should implement 'flexible workforce', means that if a firm has flexible workforce it can adjust its labour input to meet demand. As demand increases and falls the firm increases and decreases its labour force. For example: increase the hour worked during peak seasons and lessen it when demand is lower.

Firstly, my group and I thought that Sophie was using laissez-faire style of leadership due to staff absences and poor punctuality. But after a few consideration, we think that she is autocratic leader. She doesn't leave the subordinates to make decisions but she is the one to do that. In McGregor's Theory X, manager believe that employees are lazy, do not want to work and the same situations happen in LM where absenteeism among workers occurred. What you guys think????

I already understand about the passing fashion issue. If eco-tourism to be a passing fashion which means, it is not lasting. Sophie's parents should grab everything that can bring profit as many as they can because it only happen for a short term. In future, maybe the terms eco-mafia,eco-porn and eco-plagarism occur where people misplace the word eco. Yeah, it might be occur 5 years from now!!!!!

I suggest that you guys try to find out conflict among the stakeholders.

'The more we share, the more we get' :) gud luck

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  • 2 weeks later...

Maybe. You never know. The case studies we study in class are almost always taken from real life, so I wouldn't be surprised if Sophie was real... Les Maisonnettes certainly is real. Plug it into Google and you come up with some hotel sites and stuff for it. :rofl: Maybe Les Maisonnettes really exists but they just changed the name of the real manager to preserve privacy...

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to Avrila and everybody else.i think that i have found out the real interpretation of 'the passing fashion/trend'.

passing fashion/trend actually means that the business is likely to be passed to later generation and passed for years to come. The word 'passing' does not mean that it's going to be gone in a couple of years.

as a matter of fact, eco-tourism would expand its influence in other tourism centers and be passed down from year to year.

So that's why Sophie's parents believe that LM should be continued.cuz LM is going to be a continuous business and has a very bright future .

i hope this helps.thanks

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Thanks for sharing Armada. The slide show is quite informative though.

Do you think Sophie really exist?

sure avrila, its all about immagination!! Sophie has to exist until your exams in your brain. haha

so about the presentation: i think its very usefull because you can order the studied facts into a content with immages and a few helpful notations. It is also well explained about the eco-tourism thingy and how it relates to the government and how it can affect businnes.

hope any otherone can come up with some helpful ideas which can support the case study.

In the next few days I will upload the questionair which our teacher handed us out. Just got to ask him about the a digital copy.

Enjoy

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sure avrila, its all about immagination!! Sophie has to exist until your exams in your brain. haha

so about the presentation: i think its very usefull because you can order the studied facts into a content with immages and a few helpful notations. It is also well explained about the eco-tourism thingy and how it relates to the government and how it can affect businnes.

hope any otherone can come up with some helpful ideas which can support the case study.

In the next few days I will upload the questionair which our teacher handed us out. Just got to ask him about the a digital copy.

Enjoy

can someone post the ptt on rapidshare or something? i tried to download but for some reason it says im not allowed to

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My teacher never did any question in the case study

all that he did in class was that he made us underline the key words in the case study and write the meanings.

I have MOCK examinations on this case study and thanks to you all i can get a good grade now...

Can u suggesting me anything else i can do to prepare for the exams?

Edited by lucifercanttouchme
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  • 3 weeks later...

yea i assume that there will be questions about leadership (paternalistic), but I would look at other styles as well. On top of that, it would be predictable to say that there will be a Ratio Analysis in general, liquidity, profitability and acid test ratios, might be some they could ask for.

The effect of eco-tourism and advantages and disadvantages might also be a factor.

I also advice to look at Motivation just in case, because there is a constant referance to the part time/ full time workers, so just for saftey I would look at motivation styles.

SWOT and PEST-G are also important models that are advicable. Do not forget to write down a list of words that could come as definition, those are basically free 2 mark questions, earning 6 marks already. If anyone requests a list, just let me know and I will post it here.

Not to forget, Porters 5 forces might also be a part of this case study. Anywayz, good luck all

Ali

Edited by fastlight
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  • 3 weeks later...

Hello everyone you probably know this already but

Correction to May 2009 case study (08/04/2009)

The May 2009 business and management case study has been recently updated to amend two minor numerical errors in the profit and loss account in Appendix 3:

* the 2008 expenses have been changed from 108 000 to 108 060

* the 2005 tax has been changed from 7870 to 7770.

Teachers should note that the original version would not have affected any ratios calculated.

I don't think it will make much difference, it's best to update your copy of the case study.

Good luck

David

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  • 1 year later...

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