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UTSC Consulting Competition

UTSC Consulting Competition

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UTSC Consulting Competition

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  1. UTSC Consulting Competition

    January 19th, 2011 Session 1
  2. Welcome “In the modern world of business, it is useless to be a creative original thinker unless you can also sell what you create. Management cannot be expected to recognize a good idea unless it is presented to them by a good salesman. - David M. Ogilvy
  3. Sessions
  4. Opening Ceremonies January 19th, 2011 Debrief of the Competition Presentation from Professional Consultants Distribution of packages Team brainstorming session
  5. Initial Pitch January 26th, 2011 (5PM – 7PM) Brief presentation of potential ideas Up to 5 minutes in length You will only present on future plans You will be scored by a panel of judges Top 6 teams will go on to Session 3
  6. Final Presentation February 2nd, 2011 (5PM – 7PM) Presentation of final analysis Presentations are to be 10-15 minutes in length You will do a complete analysis of current and future decisions Awards Ceremony
  7. Benefits of UCC
  8. Recessions “In the business world, the rear-view mirror is always clearer than the windshield.” - Warren Buffett
  9. The Issue In September 2009, the president and chief executive officer (CEO) of Rona Inc. was reviewing the company’s progress in relation to the ongoing economic recession. Rona was the largest retailer of hardlines in Canada. Rona had noticed definitive signs of slowdown in the third quarter of 2007 and had launched Strategic Plan 2008 – 2011 as a response. The two-phase program was nearing the completion of its first phase of Productivity, Efficiency and Profitability (PEP) and was gearing up for the 24 month-long Recovery Program. The Strategic Plan had been tweaked since its launch, all with a view towards strengthening the core platform. The objective of the Recovery Plan was to restore focus on growth vectors from which the company had become distracted. On the eve of commencement of the Recovery Plan, the CEO began to wonder if Rona was ready to act on increasing sales, recruiting independents, constructing new stores and pursuing acquisitions. Or was it necessary to redesign and relaunch the PEP program, thus deferring the Recovery Plan?
  10. The Issue There are 3 Options you can take (page 11) Hold on to PEP Program Re-design and re-launch PEP Program Launch Recovery Program Choose which you believe RONA Inc. should pursue and present on how it should proceed once it has chosen it Do not need justification for choice (this only applies for Session 2)
  11. Guest Speakers Cici Liu Business Analyst (Corporate Strategy) Sean Zhang Business Analyst (Supply Chain)
  12. Contact Information Amiyo Hydari – Student Experience Director
  13. Questions