Lawrence Sports

Situation Analysis and Problem Statement Lawrence Sports is an manufacturing and distribution company of sport goods. Currently, the company is facing several situations that offer opportunities as easily as problems that need to be evaluated with a critical outlook. The infrastructure of this paper is to examine Lawrences current situation and evaluate whether thither are suitable goals that can be met by the organisation and its stakeholders. One can take a look at the nine-step problem-solving example presented by the University of Phoenix and come to a windup that leave behind impact any situation. The nine step seat includes describing the situation, framing the right problem, describing the end-state goals, identifying the alternatives, evaluating the alternatives, identifying and assessing the risks, making a decision, developing and implementing the solution, and evaluating the results. The nine-step model has proven to be an effective tool in more decision making processes, thus one will encounter the applied method to the Lawrence scenario below. Situation Background (Step 1) Lawrence Sports, further referred to as L.S. is a manufacturing and distribution company. L.S. makes and distributes equipment and protective gear for baseball, football, basketball, and volleyball. L.S.

purchases its materials from Gartner Products and Murray Leather Works. L.S. as well as distributes 95% of its products to Mayo Stores and has revenues of $20 million. L.S. recently hired a financial manager to help with the current capitol management position. materialisation Identification Lawrence Sports principle customer, Mayo Stores, is having a difficult time remunerative for the products on time. The current breakment arrangements are that Mayo will pay 20% on purchases and 80% the following week. macrocosm that Mayo is the principle customer at 95%, L.S. is lay into a situation where they in turn cant pay its creditors on time. There is a plan B. Plan B is to have Central Bank do a nonchalant loan... If you want to get a full essay, order it on our website: Ordercustompaper.com

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