Gabrielle I know this is your first time weighing in on a purchase decision. Keep in mind that we're looking for a company that has good resources, but may not be using those resources correctly. We hope we can change some things to turn their ingredients into a winning recipe. What resources do you think are most important for Lavish Living to gain a sustainable competitive advantage? Select all that apply, then click Submit below Central Locations Medical Staff Exterior Walking Trails Integrated Care Community Brand Name Dining Facilities Leadership Team Submit Lavish Living Seniors Company Highlights Primary Selling Features Lavish Living - Senior Living Communities Potential issues Potential Issues Materials Leadership - The third generation of family business leadership has led to infighting and a lack of commitment among the owners. Some family members have gotten lazy and taken more money out of the company for themselves. Others have gotten territorial in trying to claim more of the decision-making responsibilities. Financials - While the company is profitable, the margins have been consistently declining. Moreover, top-line revenue growth has been slow while the industry as a whole has been growing quickly. Brand-Due to marketing efforts through the years, the brand is well known. However, more recently Lavish Living has been thought of as a legacy brand that is deteriorating. Turnover - Industry average turnover is around 20% whereas Lavish Living has experienced 30% -40% turnover in each of the last three years. This is somewhat a result of the leadership and has impacted the lowered financials and worsening brand.
Gabrielle I know this is your first time weighing in on a purchase decision. Keep in mind that we're looking for a company that has good resources, but may not be using those resources correctly. We hope we can change some things to turn their ingredients into a winning recipe. What resources do you think are most important for Lavish Living to gain a sustainable competitive advantage? Select all that apply, then click Submit below Central Locations Medical Staff Exterior Walking Trails Integrated Care Community Brand Name Dining Facilities Leadership Team Submit Lavish Living Seniors Company Highlights Primary Selling Features Lavish Living - Senior Living Communities Potential issues Potential Issues Materials Leadership - The third generation of family business leadership has led to infighting and a lack of commitment among the owners. Some family members have gotten lazy and taken more money out of the company for themselves. Others have gotten territorial in trying to claim more of the decision-making responsibilities. Financials - While the company is profitable, the margins have been consistently declining. Moreover, top-line revenue growth has been slow while the industry as a whole has been growing quickly. Brand-Due to marketing efforts through the years, the brand is well known. However, more recently Lavish Living has been thought of as a legacy brand that is deteriorating. Turnover - Industry average turnover is around 20% whereas Lavish Living has experienced 30% -40% turnover in each of the last three years. This is somewhat a result of the leadership and has impacted the lowered financials and worsening brand.
Chapter2: Managerial Decision-making
Section2.5: Improving The Quality Of Decision-making
Problem 2DQ: Describe some decisions that might be good for an organizations profitability in the short-term, but...
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Transcribed Image Text:Resource Based View: Requiring the Right Resources for an Ac...
Gabrielle
I know this is your first time weighing in on a
purchase decision. Keep in mind that we're
looking for a company that has good
resources, but may not be using those
resources correctly. We hope we can
change some things to turn their ingredients
into a winning recipe.
What resources do you think are most
important for Lavish Living to gain a
sustainable competitive advantage?
Select all that apply, then click Submit below
Central Locations
Medical Staff
Exterior Walking Trails
Integrated Care Community
Brand Name
Dining Facilities
Leadership Team
Submit
Lavish Living Seniors
Company Highlights Primary Selling Features
Potential Issues
Lavish Living - Senior Living Communities
Potential issues
(~)
?
Return to Activity
Score
Materials
Leadership - The third generation of family business leadership has led to infighting and a lack of commitment among the owners. Some
family members have gotten lazy and taken more money out of the company for themselves. Others have gotten territorial in trying to
claim more of the decision-making responsibilities.
Financials - While the company is profitable, the margins have been consistently declining. Moreover, top-line revenue growth has been
slow while the industry as a whole has been growing quickly.
Brand - Due to marketing efforts through the years, the brand is well known. However, more recently Lavish Living has been thought of as
a legacy brand that is deteriorating.
Turnover - Industry average turnover is around 20% whereas Lavish Living has experienced 30% -40% turnover in each of the last three
years. This is somewhat a result of the leadership and has impacted the lowered financials and worsening brand.
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