Ovierview of Management - 1177 Words

Overview of Management Introduction Kudler Fine Foods (KFF), opened in 1998, is â€Å"committed to providing their customers with the finest selection of the very best foods and wines so that your culinary visions can come true† (Kudler Fine Foods, 2007). Kathy Kudler, President and Founder, â€Å"vision was to create one store that would stock a wide selection of the freshest ingredients as well as all of the tools a gourmet cook could ever want† (Kudler Fine Foods, 2007). She was certain that her company would be a great success if she combined the convenience of a one-stop shop with reasonable pricing. The purpose of this paper is to examine the primary management functions and its relation to KFF by describing who is responsible for each†¦show more content†¦Technology and the Internet Technology and the Internet are used by KFF in a variety of fashions. In reference to technology, it enables each of the store locations to connect resources together in providing a single inte rface for information. KFF’s database serves as a focal point for information, such as inventory stock used in managing inventory and determining the availability of ingredients for prepared items. The Internet is used as a central repository of company information in describing what services they offer and each of the products rendered. In addition, via the Internet, they also denote store location and hours of operations to customers. Technology and the Internet provide a means for management to carry the mission and expand current business operations. Management would not be able to collaborate virtually together, acquire new business outside geographical location, or carry out daily tasks without too much of unnecessary overhead without the capability of technology and the Internet. Porter’s Five Forces Model One of the most famous frameworks for analyzing competiveness is Porter’s Five Forces model. This model consists of measuring the threat of entry of new competitors, bargaining power of suppliers, bargaining power of customers, measuring the threat of substitution products or services, and determining rivalry among existing firms in the industry (Potter, Rainer Turban, 2003). This example of KFF that