Business > Research Paper > Ashford UniversityBUS 687BUS 687 - Week 3 - Assignment - Q2-20 QBR (All)

Ashford UniversityBUS 687BUS 687 - Week 3 - Assignment - Q2-20 QBR

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Q2-20 QBR 5 Key Learnings from Quarter One thing I learned this week is the impact of price to market share. While I knew that increasing the price of a product usually results in the company losin... g market share, I did not know that it would have a drastic impact like it did at Hisco. If I would have increased the price of HIsco's reader by a smaller amount, Hisco would have noticed a smaller reduction in its market share. The second thing I learned this week is how much a competitor's decision can impact my company's results. Hisco was able to implement Project 2 during this quarter. I felt that this implementation would increase Hisco's market share. I also believed that Hisco could charge consumers more for the improved readers. While this would have been true, Matek also implemented Project 2 during this quarter. In addition, Matek was able to implement Project 1, reducing its manufacturing costs. This combination proved to be beneficial for Matek and have a negative impact on my Q2 decisions. Hisco was not able to implement Project 1 during Q2, and the company was unable to further reduce its manufacturing costs. I believe that Matek's decision to implement both projects during Q2 was the reason that Matek was able to keep its prices low and increase its market share. The decisions make by Matek altered Hisco's planned results. The third thing I learned this week was that small changes can have a large impact. For example, during Q2 I made some small decisions regarding increasing product pricing, price negotiations for raw materials, installing solar panels, and adjusting engineering expenses. Before finalizing my decisions, my credit line was ranked as "OK", meaning that the credit line was not exceeded in Q2 or any quarters after during the year. After submitting my decisions and receiving the results, I reviewed the different reports and dashboards. Now, it shows that I am exceeding Hisco's credit limit in Q3 by $70,000. This is something that will need to be addressed with making Q3 decisions. I will also need to take this into consideration when making decisions for Q4 and the future of HIsco. Currently, Q4's credit line is showing "OK", but, as I have learned, this can change based on Q3 decisions. During this quarter, I also learned that I need to pay more attention to planned time. After reviewing Q2 results, I noticed that planned time increased over the previous period. After reviewing project 1, I realized that labor will only be reduced during the implementation period. Based on the results and information provided, I will need to re-calculate planned times going [Show More]

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