Tuesday, February 23, 2010

Sky-net summary

There is a lot that has been learned from this eight quarter experience. The number one lesson that was learned was to take the time to read, interpret, and try to understand all the information that is given. There is a deadly danger in relying on only a handful of numbers. Another terrible habit that was followed was the ignoring of the competitors. If at least Sky-net had followed their examples of introducing more brands to the market sooner, that alone made a huge difference.
Another error that was over looked was not truly paying attention to the effectiveness of the different cities. London was a money pit, and that office should have been closed, the North American cities were the most effective and profitable cities for Sky-net.
Paying attention to all the factors and the small but important decisions that were made is also a learned lesson. In one case a city was open, but the brands in the new city were not listed as available for sale in that city until the following quarter. That meant that for an entire quarter Sky-net was paying for the office space, employees, and all other fees, with not even the opportunity to make any money on the sell able items. This was a very small mistake that had huge financial consequences. An old quote comes to mind when thinking about some of the behaviors of this experience: haste makes waste.
Over all this was a very useful two years for Sky-net. Not only did they stick to their original business plan and not make any money, but they learned some very valuable lessons as were detailed above.

No comments:

Post a Comment