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MikesBikes-Advanced is based on a sophisticated model that allows you to make decisions on many aspects of a firm’s operations. These decisions interact with those of your competitors, and have numerous effects eventually causing a change in shareholder value. This diagram summarizes the business model which shows the relationships between the various business decisions.
Overall, you are wanting to maximize value to your shareholders by maximizing profit and minimizing risk and shareholder investment. Profit is maximized through the efficient use of resources to deliver desirable products. Risk and shareholder investment is minimized by using as little capital (debt and equity) as possible to produce the profits. See Measuring Your Firm's Success for more information
The following sections discuss each of the decisions that have to be made and indicates some of the impacts and trade-offs that need to be considered on a short-term basis. See also Developing a Strategy for Long-Term Success.
Factors to Consider and data for Product Decisions
Factors to Consider and data for Distribution Decisions
Factors to Consider and data for Responsiveness Decisions
Factors to Consider and data for Quality Decisions
Factors to Consider and data for Product Development Decisions
Factors to Consider and data for Finance Decisions