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.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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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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