Tuesday, May 26, 2020
Fresh Fields Case Analysis - 2076 Words
I. STATEMENT OF THE PROBLEM â⬠¢ What must Fresh Fields do to take on the challenges that may come? II. OBJECTIVES â⬠¢ To identify the factors that led to the success of Fresh Fields â⬠¢ To provide an analysis on the positive and negative factors affecting Fresh Fields in the business environment â⬠¢ To recommend ways and means that can help sustain growth of Fresh Fields III. AREAS OF CONSIDERATION A. Fresh Fields â⬠¢ Itââ¬â¢s been described as an old-fashioned neighborhood grocery store, an organic farmer s market, a European bakery, a New York deli, and a modern supermarket all rolled into one â⬠¢ Fresh Fields was founded by a team of entrepreneurs including: Mark Ordan ââ¬â CEO and President â⬠¢ 33 years old â⬠¢ A former Goldmanâ⬠¦show more contentâ⬠¦Ã¢â¬ ¢ Information technology is widely available (ex: internet) Threats â⬠¢ Since the demand is growing, there will inevitably be new entrants to the market. Fresh fields will have to consistently be on top of the organic food market game to stay ahead. â⬠¢ Suppliers may sell directly to consumers IV. THEORETICAL FRAMEWORK *Our group will be using a dual framework on innovation and reinventing as well as that of a Learning Organization Entrepreneurship â⬠¢ The ability to take the factors of production ââ¬â land, labor, and capital ââ¬â and use them to produce new goods or services â⬠¢ Originator of a new business venture and a new organization for that venture â⬠¢ Perceives opportunities that other business executives do not see or do not care about â⬠¢ The process of organizing the necessary resources, creating new ideas, implementing and monitoring to maximize resources and assuming the associated risks and rewards. Benefits of Entrepreneurship 1. Economic Growth ââ¬â the economy changes constantly, providing opportunities for new businesses. New companies create new jobs for the people. 2. Productivity â⬠¢ The ability to produce more goods and services with less labor and other inputs. Productivity may be increased by research and development. â⬠¢ The more investment you have on RD, the better chance that a company may have of finding a way to be efficient and effective in producing their products. â⬠¢ Attributed to improving productionShow MoreRelatedEssay on Fresh Direct Case Analysis966 Words à |à 4 PagesFresh Direct Case Study Report COMPANY NAME Fresh Direct www.freshdirect.com Online Grocery Market BACKGROUND /HISTORY FreshDirect is an online grocery that conveniently sells and delivers fresh foods and popular household items, to certain residents of the New York City Area. This online grocery market offers organic, farm-fresh produce than most market places. It covers most of Manhattan and certain parts of The Bronx, Brooklyn, Queens, Staten Island and limited areas in New Jersey. 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