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Pages:
18 pages/β‰ˆ4950 words
Sources:
15 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 104.98
Topic:

Dunkin Donuts, Historical Background, Forecasting

Research Paper Instructions:

Must be written by native english speaker. Will be submitted to Safe Assign plagiarism software!
For the Integrative Learning Project (ILP), you will research a particular, authentic company/industry or a fabricated company/industry (Dunkin Donuts). The ILP must be written in current APA format and must include the following major elements:
Select 8 different key concepts from the textbook (see below for list) that seem to be most applicable to your organizational setting. Some examples of key concepts include supply chain management, Six Sigma, innovation, etc. Provide an in-depth discussion of each of your chosen key concepts and its application to your organizational setting.
For each concept, provide a comprehensive description, what benefit it may offer to your organization, and what needs to be done in order to successfully implement this topic into your organization.
This section of your project requires at least 14 pages of graduate-level content and analysis.
References: You must include at least 15 scholarly sources formatted in current APA style. Each reference must be current, having been published within the last 3 years, or, if older, must contribute important information relevant to historical background (need annotated bibliography)
Appendices: Include at least 3 well-developed and professional documents. Appendices often include information that is somewhat confidential, detail-oriented, and/or tends to change often. Some examples include:
Action Planning: This specifies objectives, responsibilities, and timelines for completion of objectives.
Description of Strategic Planning Process Used: This describes the process used to develop the plan, who was involved, the number of meetings, any major lessons learned to improve planning, etc.
Strategic Analysis Data: This includes information generated during the external analysis (e.g., environmental scan) and internal analysis (e.g., SWOT analysis). It also includes a list of strategic issues identified during these analyses.
Goals for Board and Chief Executive Officer: Goals of the board and CEO must be directly aligned with goals identified during strategic planning. This appendix will list goals for the board and can also include recommendations for redesigning board committees associated with strategic goals. These can be used (along with the CEO job description) to form the basis for performance evaluations of the CEO.
Budget Planning: This depicts both the resources as well as the required funding for obtaining and using the resources needed to achieve the strategic goals. Budgets are often depicted for each term of the year of the strategic plan.
Operating Plan: This describes the major goals and activities to be accomplished over the coming fiscal year.
Financial Reports: These include last year's budget (with estimated expenses and the actual amounts spent), this year's current budget (again, with estimated amounts and actual amounts spent), a balance sheet (or, in the case of a nonprofit organization, a statement of financial position), an income statement (or, in the case of a nonprofit organization, a statement of financial activities), etc.
o Monitoring and Evaluation of Plan: This includes criteria for monitoring and evaluating as well as the responsibilities and frequencies of monitoring the implementation of the plan.
o Communication of Plan: This describes the actions that will be taken to communicate the plan and/or portions of it and describes to whom the plan will be communicated.
Company: Dunkin Donuts
8 Topics are:
*Forecasting
*Global Sourcing
*Purchasing/Procurement
*Supply Chain Management
*Benchmarking
*Core Compentencies
*Customer Value
*Mass customization
**In addition, Annotated Bibliography is required**

Research Paper Sample Content Preview:

Dunkin Donuts
Student’s Name
Institutional Affiliation
Dunkin Donuts
Historical Background
Dunkin Donuts is an American based doughnuts and coffee shop chain with its headquarters in Canton, Massachusetts. It was established in 1950 by William Rosenberg in Quincy, Massachusetts. Since its establishment, Dunkin Donuts has undergone different changes that have enabled it to grow into the world’s largest donuts and coffee chain with more than 15,000 outlets in more than 35 countries across the world. Dunkin’ Donuts growth has enabled it to include more than 1,000 items on its menu including bagels, doughnuts as well as variety of hot and iced drinks.
The success of any organization is dependent on its design as well as how it coordinates its operational activities. Consequently, its managers and employees contribute to the realization of the company’s objectives. Skilled workforce will create a conducive environment and push the organization towards its objectives. The work environment reflects how the employees view the organization. With proper alignment of various aspects of the organization, Dunkin’ Donuts has been able to climb the ladder to become one of the leaders in the industry. Some aspects that has enabled it to claim the position it is enjoying now are discussed below.
Forecasting
Forecasting is an important aspect for all organizations. It allows the organization to make accurate predictions of future performance based on historical records. By forecasting, an organization is able to ensure that there is efficiency in its operations by planning on future activities. Expansion of business operations is one benefit that organizations enjoy from forecasting. Forecasting is utilized by organizations in planning how to allocate the available resources or plan for anticipated events in the coming period (Granger, 2014). This depends on the goods and services provided by the company.
Organization management uses different techniques to determine how future events may impact the organization. They focus on revenue changes across different economic indicators. Financial changes or statistical data are observed to establish any relationship in the variables. This relationships are based on historical events, for example, a sales forecast is based on a specific period or event in the past. Therefore, forecasting is used to address certain issues in an organization. Assumptions regarding the situation that needs to be analyzed are made before its variables are determined. After determining the variables of the situation, appropriate data is used to manipulate information. The selected data is carefully analyzed before the determination of the forecast. Lastly, when the anticipated time of the forecast reaches, it is compared with the actual results to determine an accurate forecasting model for future forecasts (Hyndman & Athanasopoulos, 2014).
Where the time is limited, the managers use qualitative forecasting models to make the forecasts. These models rely on expert opinions making them beneficial in the short-run. Examples of these models include, market research and surveys that use the Delphi method. Quantitative forecasting models do not rely on expert opinions but rel...
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