richard valdez oecs 250 12/09/08 final project. arts and crafts store various items several...

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HOBBY LOBBY Richard Valdez OECS 250 12/09/08 Final Project

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HOBBY LOBBYRichard Valdez

OECS 25012/09/08

Final Project

About Hobby Lobby

Arts and crafts store Various Items Several Different departments

Crafts Arts Scrapbooking Etc…

Has a timeless theme

Customer Demographics

Elderly Students (k-12) College Students Instructors Organizations

“Red Hat Society” “Sororities”

Company Strengths

Traditional Values Humble roots Large variety items Give customers sense of comfort Good management Benefits

401K Health Insurance

Company Weakness

Lack of technological sense Loss of productivity sense Loss of man hours Wasted Time High prices Low wages Loss of workers

Company Opportunities

New equipment Software Registers Scan guns

Increase productivity Increase of customers

Company Threats

Lack of technology Loss of customers Lose competition against other

companies Economy Falling behind in technology

Chosen Opportunity

New equipment New Software New Registers New Scan guns

Technical Feasibility

Already own computers Already have set of information Can easily find new equipment Can have a software made specifically for

job.

Economic Feasibility

High cost of new software Purchase of new registers Purchase of new scan guns Increase hours of IT staff Shouldn’t cost more over then $5,000

Schedule Feasibility

Take roughly a month to implement Installing Testing Transferring item information Transfer employee information Training employee Process can be sped up