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KK Presentation For Industrial Psychology
KK Presentation For Industrial Psychology
KK Presentation For Industrial Psychology
Hot Doughnuts
Here
MAIN PROBLEM Poor business planning and
lacking of market planning
and strategy
Little evidence of
market research
Failure to do appropriate
and effective market
research
SATELLITE PROBLEMS
Lack of
resources No budget
Business resulted in
unhealthy competition
Inadequate e.g Hoarding of
clients/market products (monopoly of
product)
FACTS
He and two Competition rises
Moved his partners used which made the
Operations to their last $25 to Krispy Kreme
Nashville, Tennessee being capitalized
rent a building in
then to Winston by the other
Salem, North the historic
district of Old market and only
Carolina (beginning
of economic force in Salem at the year the same
the Southeast and 1937, the Krispy product, quality
known for textiles Kreme spread and service is
and tobacco being expected
throughout the
industry) to be served to
community
the customers
RECOMMENDATIONS
• Do a background research of the locale of where you will
establish your business. Identify your target market. Factor
in possible complications and setbacks and adjust
business budget accordingly. (S.W.O.T. Analysis)