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Hobby Lobby

Hobby Lobby

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Hobby Lobby

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  1. Hobby Lobby Richard Valdez OECS 250 12/09/08 Final Project

  2. About Hobby Lobby • Arts and crafts store • Various Items • Several Different departments • Crafts • Arts • Scrapbooking • Etc… • Has a timeless theme

  3. Customer Demographics • Elderly • Students (k-12) • College Students • Instructors • Organizations • “Red Hat Society” • “Sororities”

  4. Company Strengths • Traditional Values • Humble roots • Large variety items • Give customers sense of comfort • Good management • Benefits • 401K • Health Insurance

  5. Company Weakness • Lack of technological sense • Loss of productivity sense • Loss of man hours • Wasted Time • High prices • Low wages • Loss of workers

  6. Company Opportunities • New equipment • Software • Registers • Scan guns • Increase productivity • Increase of customers

  7. Company Threats • Lack of technology • Loss of customers • Lose competition against other companies • Economy • Falling behind in technology

  8. Chosen Opportunity • New equipment • New Software • New Registers • New Scan guns

  9. Technical Feasibility • Already own computers • Already have set of information • Can easily find new equipment • Can have a software made specifically for job.

  10. 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

  11. Schedule Feasibility • Take roughly a month to implement • Installing • Testing • Transferring item information • Transfer employee information • Training employee • Process can be sped up