Daniel Nkansah System Thinking TASK1
.docx
keyboard_arrow_up
School
Western Governors University *
*We aren’t endorsed by this school
Course
D268
Subject
Management
Date
Feb 20, 2024
Type
docx
Pages
3
Uploaded by MegaFox4009
1
Nkansah
Daniel Nkansah
Professor Jessica Scott
Introduction to System Thinking
October 24, 2023
We experience events on a daily basis, according to Kim (4). The main event in this case study is
the rise in demand for Wilde's Bramble organic food items, which compelled the Wilde’s to lease
more farms, buy more machinery, and incur debt in order to cover expenditures. Calla soon encountered financial difficulties because of the rise in output and reliance on credit card debt, necessitating her search for employment away from the farm to aid with cash flow.
The memories of "events" are patterns (Kim 4). The urge to grow and extend the firm to fulfill rising demand is the underlying structure that drives these occurrences and patterns. This pressure may prompt the use of temporary solutions like leaning on credit card debt and getting a
mortgage, might make long-term financial problems worse. In addition to the deeper underlying structure (push to develop and expand) that underlies the surface-level occurrences and patterns (increasing demand, leasing additional acreage, taking on debt), the iceberg tool also shows these
patterns and events. Finding alternate solutions that consider both immediate requirements and long-term sustainability may be achieved by comprehending the underlying structure.
2. The Behavior Over Time graph below is the one that most accurately depicts the trends you found, and it is accurate since the Wilde’s profit declined as their debt increased along with their sales. The use of a credit card increased for Alder and Calla. As credit card payments increased and charges were accrued. They took out a mortgage on the property and Calla got a job away from the farm to help with cash flow as the debt grew and the finance costs mounted. 3. The Iceberg Tool and Behavior Over Time graph shed light on Wilde's Bramble's issues as well as the links between significant occurrences, trends, and the system's underlying structure. The graph of behavior over time demonstrates that as sales soared, debt increased, and earnings
2
Nkansah
dropped. This pattern implies that the business struggled to successfully handle the rise in product demand. This ultimately caused financial issues, which the business attempted to fix by depending on credit card debt and taking out a mortgage on the property. However, these acts merely increased the debt, adding to the wider financial crisis. The Iceberg Tool aids in showing the system's underlying structure and demonstrates how the company's actions were intertwined and contributed to the issue. For instance, the Wilde’s choice to boost output in order to fulfill demand necessitated more acreage, machinery, and electricity, all of which required money. This, together with the reliance on credit card debt, led to a vicious cycle where debt accumulated, resulting in increased financial stress and decreased profit.
Additionally, Calla's choice to take a job away from the farm had repercussions since it left her with less time and money to run the property, which created new difficulties. Additionally, the Iceberg Tool suggests that the Wilde’s might have lack the expertise and abilities required to operate the company successfully, which may have contributed to the financial issues they had.
Overall, the Iceberg Tool and Behavior Over Time graph show the intricacy of the issues that Wilde's Bramble had to deal with as well as the links between significant occurrences, patterns, and the system's fundamental structure. The business may need to take a more comprehensive approach to solving these problems, considering all the elements that contribute to the issue, such
as management, funding, and production.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Alamo Car Rentals
In the early 1990s, Alamo was the most profitable (as a percentage of sales) and fastest growing rental car company in America, despite being only the fifth largest. Its low-cost operating model enabled it to dominate leisure rental markets such as Florida and Hawaii. But Alamo’s management was impatient for growth and had the cash to pursue it. Within the United States, the largest and most lucrative rental car segment was business travel that originated at airports. Alamo figured that even if it could win only a small share of that market by undercutting the rates offered by Hertz and Avis, it could generate a lot of profit given its low overhead costs per car.
That was not to be, for reasons that in retrospect were entirely predictable. Alamo succeeded in pursuing individual, budget-conscious business travelers, but not the large corporate accounts that comprised the most volume. Alamo had neither the facilities nor the experience to woo and satisfy business…
arrow_forward
Please answer fast in both
arrow_forward
Give a Detailed presentation of an alternative major policy in Utah in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include when was it enacted, by whom and major Provisions. Also include evidence impacts of the policy, specifically based on studies or reports(specific data) on the outcomes.
arrow_forward
Read the following and Answer the questions that follow:Covid 19 disease outbreak was indeed a global disaster. This pandemic forced for a change inconsumer behavior in almost all the market sectors. The Botswana local restaurant brand ‘TheBraai Place’ had just hit the market to compete with the established international brands likeNandos and others when this disease outbreak hit the world by storm. As a result, consumers wereforced to stop from going out to the restaurant but had to rely more on placing their food ordersonline and they be delivered by the restaurant to the customer’s homes. Something that seriouslycame as a challenge to the local brand that was just gaining its momentum. It had to re-strategizeand employ new ways of adapting to this compelling situation where customers orders were nowonly received, paid for and prepared through an online system. An urgent need for a revampedwebsite, order application system as well as a secure online payment method was what they…
arrow_forward
7
arrow_forward
Sanita bought 45% of Snaidero kitchen design, this is known as:
Franchising
Greenfield investment
O Equity stake
Ownership
Panasonic the high-definition TV ads in the United States are different
from the ones broadcasted in Europe. This in an example of: *
arrow_forward
- Customers of bank Dhofar view
on e-banking sevices
- Islamic banks views on e-
banking services
The impact of e-banking
services on the financial
performance on Bank Dhofar
8:07
arrow_forward
Give a Detailed presentation of "Permanent Fund Dividend (PFD) legislationin" in Alaska in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include when was it enacted, by whom and major Provisions. Also include evidence impacts of the policy, specifically based on studies or reports(specific data) on the outcomes.
arrow_forward
FAST PLZ
29-Which of these business decisions will most likely be done by the directors of corporations to save the company during this time of pandemic?
Apply cost-saving measures to minimize the expenses of the company
Apply aggressive marketing strategies to encourage more customers to purchase
None of the choices are correct
Remove some partners in the business to lower the income that needs to be provided to them.
arrow_forward
Disruptors are focused on a particular innovative technology or process in everything from mobile payments to insurance. they have been attacking some of the most profitable elements of the financial services value chain. This has been particularly damaging to the incumbents who have historically subsidized important but less profitable service offerings.
Identify an existing and real life example on how a specific financial disruptor have affected a certain industry/company.
How did the certain industry/company have mitigated the damaging effect of the Financial Disruptor?
arrow_forward
Give a Detailed presentation of "Permanent Fund Dividend (PFD) legislationin" in Alaska in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include its major Provisions based on specific data of studies.
arrow_forward
Identify Netflix’s current pestle analysis?
arrow_forward
AMC Entertainment is one of the largest movie theatre chains in the world. However, the company's business has been suffering. For starters, internet video streaming services such as Netflix are putting movie theatres to the test in terms of attracting people. Furthermore, the COVID-19 pandemic has harmed the theatre industry as people attempt to avoid crowded areas. As a result, numerous theatre stocks have fallen in value, perhaps attracting acquirers looking for bargains. AMC Entertainment or another theatre network might be beneficial to Amazon.com in a number of ways. It might help Amazon.com expand the reach of its series and movies, allowing the company to make more money from its production operation. Amazon could bundle complimentary theatre tickets with a Prime subscription, increasing the service's appeal, attracting more customers, and increasing subscription revenue. Prime members pay $119 per year to gain access to a variety of benefits, including free shipping on Amazon…
arrow_forward
THE PREMIUM CHOCOLATE MARKET
The U.S. market for chocolates was US$19.3 billion1 in 2011, and had been growing at about 6 per cent annually. The premium chocolate market ($2.7 billion), which had higher margins, was growing at 10 per cent annually, and imports of ethically produced cocoa grew by 156 per cent2 as aging baby boomers emphasized quality and ethics in their purchases. Incumbents such as Hershey’s and Cadburys had moved into the premium chocolate market through acquisitions or upmarket launches.
About one-quarter of annual chocolate sales typically occur in the eight weeks prior to Christmas. Twenty per cent of “heavy users” account for more than half of these pre-Christmas sales. These heavy users tend to be established families, middle aged childless couples and empty nesters with high incomes. They purchase more high quality boxed chocolate than bars or lower quality chocolate.3
In line with social trends, demand was growing for organic chocolate and dark chocolate due to…
arrow_forward
please refer the below case link and solve the questons
https://www.scribd.com/document/360480894/Caso-The-Rise-and-Fall-of-BlackBerry
Porter’s 5 forces modelfactors
1. Bargaining Power with respect to New Entrants•Economies of Scale•Product Differentiation•Capital Requirements•Switching Costs•Access to Distribution Channels•Cost Disadvantages independent of Scale•Government Policy
2.Threat of New Substitutes•Availability of substitutesthat can perform same or similar functions•Potential returns of an industry in terms of profits•Ability of the company to charge higher prices
3.Bargaining Power vis-à-vis Competition: •Numerous or few equally balanced competitors•Slow industrial growth•High fixed or storage costs•Lack of product differentiation•Industry Capacity•Diversecompetitors•High strategic stakes
4.Bargaining power of Buyers (Customers)•Availability of Choice to Buyers•Large number of customers•Product is very important to customer•Dependency on distributors•Buyer information…
arrow_forward
correctly explain question and not copy paste
Q) Give an example of policies that both the International Monetary Fund & World Bank should implement to fully rid the impoverishment in the Global South
arrow_forward
3. It is undeniable that fraud is rampant in the business economy, where everyone goes and transact with the internet. Share your sentiments about fraud that are occurring in the business economy during this pandemic. What could you advise to the people to avoid fraud? What are the preventive measures would you suggest to avoid Online Fraud?
arrow_forward
Which aspect of environment law makes it uniquely hard to sue for environmental harm?
None of these answers
It is often hard to find a plaintiff willing to sue for environmental damage
It is uncommon for entities to harm the environment, and hence lawsuits based on environmental harm would be rare
Potential plaintiffs often lack direct harm to them or their property
E
Which is the best example of a "linear" economy?
MegaCorp extracts wood from trees, transforms them into toys for children, which typically last many years
BigCorp extracts oil from the ground, transforms it into plastic detergent bottles, which are discarded after use
UltraCorp extracts copper from the ground, which is used in wiring. After use, the wiring is converted into new wiring through a industrial process
Each of these answers
What is the best example of a regulatory "nudge"?
A law requires consumers purchase utilities from only specific companies that satisfy certain air pollution emission criteria
A law bans…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Related Questions
- Alamo Car Rentals In the early 1990s, Alamo was the most profitable (as a percentage of sales) and fastest growing rental car company in America, despite being only the fifth largest. Its low-cost operating model enabled it to dominate leisure rental markets such as Florida and Hawaii. But Alamo’s management was impatient for growth and had the cash to pursue it. Within the United States, the largest and most lucrative rental car segment was business travel that originated at airports. Alamo figured that even if it could win only a small share of that market by undercutting the rates offered by Hertz and Avis, it could generate a lot of profit given its low overhead costs per car. That was not to be, for reasons that in retrospect were entirely predictable. Alamo succeeded in pursuing individual, budget-conscious business travelers, but not the large corporate accounts that comprised the most volume. Alamo had neither the facilities nor the experience to woo and satisfy business…arrow_forwardPlease answer fast in botharrow_forwardGive a Detailed presentation of an alternative major policy in Utah in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include when was it enacted, by whom and major Provisions. Also include evidence impacts of the policy, specifically based on studies or reports(specific data) on the outcomes.arrow_forward
- Read the following and Answer the questions that follow:Covid 19 disease outbreak was indeed a global disaster. This pandemic forced for a change inconsumer behavior in almost all the market sectors. The Botswana local restaurant brand ‘TheBraai Place’ had just hit the market to compete with the established international brands likeNandos and others when this disease outbreak hit the world by storm. As a result, consumers wereforced to stop from going out to the restaurant but had to rely more on placing their food ordersonline and they be delivered by the restaurant to the customer’s homes. Something that seriouslycame as a challenge to the local brand that was just gaining its momentum. It had to re-strategizeand employ new ways of adapting to this compelling situation where customers orders were nowonly received, paid for and prepared through an online system. An urgent need for a revampedwebsite, order application system as well as a secure online payment method was what they…arrow_forward7arrow_forwardSanita bought 45% of Snaidero kitchen design, this is known as: Franchising Greenfield investment O Equity stake Ownership Panasonic the high-definition TV ads in the United States are different from the ones broadcasted in Europe. This in an example of: *arrow_forward
- - Customers of bank Dhofar view on e-banking sevices - Islamic banks views on e- banking services The impact of e-banking services on the financial performance on Bank Dhofar 8:07arrow_forwardGive a Detailed presentation of "Permanent Fund Dividend (PFD) legislationin" in Alaska in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include when was it enacted, by whom and major Provisions. Also include evidence impacts of the policy, specifically based on studies or reports(specific data) on the outcomes.arrow_forwardFAST PLZ 29-Which of these business decisions will most likely be done by the directors of corporations to save the company during this time of pandemic? Apply cost-saving measures to minimize the expenses of the company Apply aggressive marketing strategies to encourage more customers to purchase None of the choices are correct Remove some partners in the business to lower the income that needs to be provided to them.arrow_forward
- Disruptors are focused on a particular innovative technology or process in everything from mobile payments to insurance. they have been attacking some of the most profitable elements of the financial services value chain. This has been particularly damaging to the incumbents who have historically subsidized important but less profitable service offerings. Identify an existing and real life example on how a specific financial disruptor have affected a certain industry/company. How did the certain industry/company have mitigated the damaging effect of the Financial Disruptor?arrow_forwardGive a Detailed presentation of "Permanent Fund Dividend (PFD) legislationin" in Alaska in comparison to the "Robin Hood" policy in Texas regarding the issue of graduation rates of students. Include its major Provisions based on specific data of studies.arrow_forwardIdentify Netflix’s current pestle analysis?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you