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TECH PARK EXPRESSTech Park Express Management 100H class
29

MGT 100 Final Presentation

Jan 23, 2018

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Mac Schailey
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Page 1: MGT 100 Final Presentation

TECH PARK EXPRESSTech Park Express

Management 100H class

Page 2: MGT 100 Final Presentation

Senior Project Management

Page 3: MGT 100 Final Presentation

INTRODUCTION

Leaders

● Why take the roles?

● How they integrate

Page 4: MGT 100 Final Presentation

Helpful Concepts and Principles

● Leaders Vs. Managers

● Effective communication

● Understanding and

working with

organizations

● Circle of Safety

Page 5: MGT 100 Final Presentation

LearningHow to organize a big

group into sections

Success from

decentralized

leadership

How each department

affects the others

Culture is key

Page 6: MGT 100 Final Presentation

Strategic PlanningRole

IntegrationHelpful Concepts

PrinciplesLearning Summary

Page 7: MGT 100 Final Presentation

SWOT ANALYSIS

Strengths

Support from faculty

Resources

High quality products

Big selection

Weaknesses

Inexperience

Cost of meals

No market research

Third party business

Meals located at SBDC

Opportunities

Gain experience

Defined market

Little competition

Expansion

New products

Add services

Threats

Lock on the door to vending machine

Limited student time

Low demand

Spoiling inventory

Competition (Wawa)

Page 8: MGT 100 Final Presentation

GOALS

● Create a successful business model

● Sell all inventory

● Establish an efficient hands-on learning environment

Page 9: MGT 100 Final Presentation

STRATEGIES FOR ACHIEVING GOALS

●Actively update a timeline

●Team building and teamwork

●Communication

●Deadlines (Samepage/ Google docs)

Page 10: MGT 100 Final Presentation

MarketingRole

IntegrationHelpful Concepts

PrinciplesLearning Summary

Page 11: MGT 100 Final Presentation

Marketing Roles

● Individual roles

● As a department

● As a whole business

Page 12: MGT 100 Final Presentation

Helpful Concepts

● Start With Why by Simon Sinek

● Sticky Marketing

● Fail often to succeed sooner - Tom Kelley

of IDEO

Page 13: MGT 100 Final Presentation

Principles to build on

● Being proactive

● Effective teamwork

● Comprehensive communication

Page 14: MGT 100 Final Presentation

Learning

● Constant communication is necessary

● Establish “The Why” as early as possible

● It’s okay to not succeed at first, just keep

moving forward

Page 15: MGT 100 Final Presentation

FinanceRole

IntegrationHelpful Concepts

PrinciplesLearning Summary

Page 16: MGT 100 Final Presentation

Vending Machine Sales at the End of the Project

Page 17: MGT 100 Final Presentation

FINANCIAL RESULTS

Page 18: MGT 100 Final Presentation

The Books

Page 19: MGT 100 Final Presentation

Operations Role

IntegrationHelpful Concepts

PrinciplesLearning Summary

Page 20: MGT 100 Final Presentation

OverviewResponsibilities:

Procurement

Website Management

Maintaining Customer Relations

Page 21: MGT 100 Final Presentation

Website Management Objectives:

Optimize for use at UTP building

Work out prior issues

Eventually optimize for campus

and UTP users

Roles:

Stay in contact with Marketing

Troubleshoot any issues that

arise

Receive input from the company

Page 22: MGT 100 Final Presentation

Operational TimelineSeptember 20th received first batch of meals

September 27th sold first meal

Sold 26 meals by November 20th

Page 23: MGT 100 Final Presentation

INVENTORY REMAINING AS OF 12/3

Chicken Parm Ravioli Cheese Lasagna Tortellini Total

Supply 12 12 12 12 48

Committed to deliver 0 0 0 0 0

Delivered -12 -10 -10 -12 -44

Available 12/3 0 2 2 0 4

Page 24: MGT 100 Final Presentation

Learning● Recording transactions

● Understanding an inventory process that made sense

● The importance of on-time delivery

● The face of the business

● Communication is key

Page 25: MGT 100 Final Presentation

Human ResourcesRole

IntegrationHelpful Concepts

PrinciplesLearning Summary

Page 26: MGT 100 Final Presentation

These are the ten core values that Zappos employees live by:

1. Deliver WOW Through Service

2. Embrace and Drive Change

3. Create Fun and A Little Weirdness

4. Be Adventurous, Creative, and Open-Minded

5. Pursue Growth and Learning

6. Build Open and Honest Relationships With Communication

7. Build a Positive Team and Family Spirit

8. Do More With Less

9. Be Passionate and Determined

10. Be Humble

Page 27: MGT 100 Final Presentation

Team Core Values

1. Each member of the team has something meaningful to say

2. What you know can be beneficial to a team member

3. Everyone on this team is a leader

4. Look for a solution not for solace

5. We will hold each other accountable without stress

6. The customer always comes first

7. We can always do better

8. Do what is right for the whole of the group

9. We must not get off track if problems arise

10. Teamwork makes the dream work

Page 28: MGT 100 Final Presentation

BEGINNING STAGES

● Short Preparation

● No previous market research

● No sales coming in

● Not proactive

● Waiting for a sale

● No long term plan

● Shooting down ideas/ frustration

DURING THE PROCESS

● Lack of time and effort

● Meals Located in the SBDC

STRUGGLES

RECOVERY● Vested Interest● Marketing- Flyers● Communication

Page 29: MGT 100 Final Presentation

Conclusion

● Overcoming hardships

● Learning new things

● Creating an experience

● Not really failure, a new beginning