The Great Recession of 2007
What caused the downfall? The Great Recession of 2007 – 2009 is actually still going on in 2012. I know they say it’s a double-dip recession, but quite frankly, it’s…
Perfect Competition
Pure Competition Perfect competition, also known as pure competition has four basic characteristics: Large number of participants Standardized products Price takers not price makers Easy to enter or exit the…
Market Failure
Can markets fail? When markets don’t function properly, we have what “economists refer to as market failure” (McConnell, Brue, & Flynn, 2012, p. 92). Market failure happens on either the supply…
Free Market Society
What is a free market? In a free market society, such as the one people enjoy in the United States, supply and demand give rise to prices and products available…
Marketing the Unmarketable
The Exchange Relationship Marketing is all about creating exchange relationships that provide value for both the customer and the company. Value can mean something different for everyone, but according to…
Enterprise Architecture: Enterprise Architecture Proposal
Executive Summary Ralph’s Rockin` Ribs is a family-owned business that is based on good-old family values. Ralph and his sons, Ralph Jr., and John, serve the best ribs in the…
How to Avoid Group-Think
Group-Think can ruin a business Group thinking can be a big problem, particularly if people grow complacent in the growth of their company. Group thinking is the term used when…
Enterprise Architecture: Growing the Organization
Ralph’s Ribs Growing the Organization Without growth a company stagnates, and stagnation is exactly what Ralph’s Ribs want to avoid. According to Ross, et al (2006), “There are two strategies…
Enterprise Architecture: Outsourcing Opportunities
Ralph’s Ribs Outsourcing Opportunities Recommendations As Ralph’s Ribs moves into the standardized technology phase, outsourcing must be considered. Outsourcing can lower costs, provide greater flexibility, and will give Ralphs the…
Enterprise Architecture: IT Engagement Model
Ralph’s Ribs IT Engagement Model Recommendations As Ralph’s begins to build their foundation one project at a time it will be important for them to define their IT engagement model.…
Enterprise Architecture: Stages of Maturity
Ralph's Ribs Current Maturity Level Ralph’s Ribs is currently operating at a Business Silos stage. Because there is no formal IT support, franchises have been forced to create their own…
Enterprise Architecture: Steps to Implementation
Steps to Implementing an Operating Model Now that an operating model has been selected, certain steps need to be taken to implement the new plan. In Bechera’s article, An Introduction…
Enterprise Architecture: Operating Model
Ralph's Ribs Existing Structure Analysis Ralph’s Rockin’ Ribs is a family-owned business that began offering franchises in the early 1980’s. Ralph and his sons maintain a tight hold on all…
Enterprise Architecture: Organization Selection
Ralph’s Rockin` Ribs Ralph’s Rockin` Ribs is a family-owned business that is based on good-old family values. Ralph and his sons, Ralph Jr., and John, serve the best ribs in…