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Hobby Lobby

Transcript: Hobby Lobby is doing well either way Each of the 600 Hobby Lobby stores are owned and operated by headquarters. Hobby Lobby is not available for franchising. Each store follows the same hours and regulations: 9:00 AM - 8:00 PM Mon-Sat Closed Sundays David Green grew up in a very religious community Conclusion David Green, billionaire and founder The external perception of Hobby Lobby changed drastically on June 30th 2014 does not measure success by dollar signs or money but by God's biblical standards notable to public is Green's care for employees Overview Hobby Lobby Organization Believes success occurred because of prayer Began as "Greco Products" in 1970 What is Hobby Lobby US-based arts and crafts and home decor super store, mainly located in the South Integrity Success Hobby Lobby closed on Sundays to allow employees to be with family and worship Imports Religion Public Opinion Hourly Employees Inside the Stores most important points in his successful business closing retail stores at 8 pm and closing every Sunday Green wants his company to be remembered and known as the organization that knows the difference between temporal and eternal "There is no success outside of success with the Lord. True success has to do with eternity and that has to come only from the Lord." CEO Hobby Lobby does not provide it's products to third-party vendors or distributors. Certain bulk-orders can instead be considered "tax-free", however they must be approved in store. Hobby Lobby is not publicly traded- and does not plan to be traded in the future. "You should not expect something from someone that you are not willing to do yourself. We should set the example of integrity and serving the customer... All the things we do, all our behavior, should let others know that we are living by, and operating in, Biblical principles. Principle and character are the highest quality traits on our list. Franchising and Company Structure CEO Employees Imports Religion Public Opinion http://www.nbcnews.com/news/us-news/hobby-lobby-ruling-employers-dont-have-cover-birth-control-n144321 Affiliated Companies Employees Lobby Hobby Lobby for all your Hobby needs! Fought against the Patient Protection and Affordable Care Act and won "Our business is only a means to an end and our is to try to affect lives for eternal. If we haven't done that, then we are merely a good person." The Start of Hobby Lobby Currently, Hobby Lobby has 335 retail stores across the country and about 16,000 employees company built on biblical principles of his religious background and attributes the success of Hobby Lobby to his faith in God "lack of details or wrong country of origin marking can cause shipments to be delayed, the overpayment of duty or worse case scenario-have a freight confiscated by customs." SCOTUS ruled that Hobby Lobby doesn't have to pay for birth control because of religious reasons, public split on issue 1.) Mardel- Started by David Green's son, Mart. 35 store locations across the United States, providing "Christian Education Products". 2.) Mart Green- "Every Tribe Entertainment" which produces documentaries, and is creating a digital bible library which will bring 95% of the world's population to have access to a complete bible by the year 2033. 3.) Hemispheres- Founded by David and Barbara Green. 7 store locations, featuring and selling hand-picked furniture and decorative items from remote markets and villages world-wide. business thrived and moved to a retail space He instills those morals and practices in his business management Hobby Lobby Franchising and Company Structure Allows stores to play Christian music because it's uplifting and "because Christianity is not a faith of hate, but that is of faith of love, peace, and joy." Extensive hiring process done through each individual store Even the part time workers are treated like family Constantly trained and promoted to ensure a happy and healthy career path Paid minimum wage with a raise once a year Decent benefits Managerial Hourly Employment options

Hobby Lobby

Transcript: How a Woman gets Contraceptives if your company is holding religious views against providing you birth control... there's nothing you can do about it. Your boss "only wants the best for your body". a main factor that affects whether or not women buy birth control and choose to protect themselves from STDs and unwanted pregnancy is simply the cost of the products. How a Man gets Contraceptives also in many public school systems condoms are given out for free "just in case" should employers have to pay for womens contraceptives when men pay for their own? Is it alright for an employers beliefs to be enforced on their employees? so much so that it affects their choices on their own health? does a mostly male run government and supreme court have the right to vote a woman's health? Step 4: Step 2: get your contraceptive whether it be a pill or a monthly shot. Pay if your company is holding religious views against birth control (this can range from 50$-800$/ session or month) Come back to continue to fill subscription the path to no STDs or babies choose your favourite condom and buy it for under .50-1$ per condom, save money by choosing large packs . decide if you want to go through with getting a contraceptive, how much will it cost? which option will you get? does your insurance cover it? Step 1: Step 1: book an appointment to planned parenthood and decide which contraceptive option you would like to choose. You can make your decision on; which one will cost the least? Which one will hurt the least? Which one will be less obvious that I'm on? walk to any pharmacy store or major department store. Step 2:

Hobby Lobby

Transcript: Hobby Lobby Larger in size 360 mil Geographic Locations In place of setting a visualized message of Mission and Vision statements, Hobby Lobby has based their future and current operations on biblical and family values. "We believe that it is by God’s grace and provision that Hobby Lobby has endured. God has been faithful in the past, and we trust Him for our future." - Hobby Lobby Hobby Lobby is respecting to their roots in honoring God throughout their company's growth. As a fast-growing company, they have affiliated their growth to their family values. Headquarters in Oklahoma City, OK operating over 600 stores across 45 states. - Looking to operate in all 50 states in a couple years Hobby Lobby has multiple benefits for employees: All Stores Closed on Sunday, Holiday Pay, Personal Paid Time Off, Paid Vacation Leave, 401(k) Plan, Long Term Disability Insurance, Medical and Prescription Plan, Dental Plan, Group Life Insurance, Merchandise Discount, Flexible Spending Plan, and A Great Work Environment Major Divisions/Organizational Structures Burwell vs. Hobby Lobby Sylvia Burwell, the Secretary of Health and Human Services Retailer of fine furnishings that has added 7 additional show rooms Big Players Hobby Lobby $360.17 M Annual Sales 10% in-store discount goes to churches, schools, and national charitable organizations Goods & Services Over 600 stores 45 states 4 different countries including the US, China, Hong Kong, and Philippines Instead of always building new stores, they restore exiting buildings Hobby Lobby is affiliated with Mardel and Hemispheres both operated by David Green's son, Steven Green. The company's operations are based solely on Oklahoma Manufacturing and Distribution Center. - Mardel is also set up in Oklahoma Hemispheres helps with some of Hobby Lobby's supplies in imported home furnishings. Strengths: Wide range of merchandise- candles, craft supplies, fabrics, wall decor, etc. CEO: David Green - Started up company in 1970 with his wife Barbra Green President: Steven Green - Son of David Green No Board of Directors - Private Family Company Sources Weaknesses: Privately owned- investors dont want to join their funds into a single unit. High risk of investment loss. Michaels 4.4 billion Jo-Ann 2.2 billion Financial Values Leadership & Employees SWOT Analysis 70,000 arts, crafts, hobbies, home decor, and Holiday and seasonal products Mardel Christian & Eductaion Founded by Mart Green the son of Hobby Lobby owner. Retailer of christian materials, office supplies and educational products June 30th, 2014 Supreme Court ruled that Hobby Lobby did not have to provide contraception coverage. Culture & Environment Threats: Obamacare- Contraception mandate Competition Potential Opportunities: Store Openings across the US & other contries-China, Hong Kong, Philippenes Online expansion Happenings Colbert, Catherine. "Hoover's - Hobby Lobby." Hoover's. N.p., n.d. Web. 31 Mar. 2016. <http://subscriber.hoovers.com/H/compaColbert, Colbert, Catherine. "Hoover's - Hobby Lobby - Products & Operations." SWOSU Libraries:. Hoover's, n.d. Web. 03 Apr. 2016. <http://subscriber.hoovers.com.libnet.swosu.edu/H/company360/productsOperations.html?companyId=55405000000000&newsCompanyDuns=061038741>. Website "Our Story - Hobby Lobby." Hobby Lobby. N.p., n.d. Web. 31 Mar. 2016. <http://www.hobbylobby.com/about-us/our-story>. "Why Choose Hobby Lobby - Hobby Lobby Career Center." Hobby Lobby Career Center. N.p., n.d. Web. 31 Mar. 2016. <https://careers.hobbylobby.com/why-choose-hobby-lobby/>. Honoring the Lord by operating their company with Biblical standards Offering incomparable customer service and a good product for a reasonable price Supplying an environment for their employees that invites character building, enhancing the individual, and development of families By: Jessica Penner, Somi Lee, and Lindsey McCauley Patient Protection and Affordable Care Act- employment based health care plans must provide preventative care such as contraceptive methods. Mission & Vision Hemispheres Competitors

Hobby Lobby

Transcript: Solutions Trade-sale to facebook The profit and loss statement *Based on the survey conducted The initial public offering both reside in Singapore The business idea Solutions Failure in getting partnership Daily scrum The exit strategies Through the years of forecast, we are in the position of having net gain in the second and third year Sprint review Expand the capital by selling the stock to the public where service providers need not be professionally accredited an online portal dedicated to connecting local users who are seeking a new skill and those who wish to get an income from teaching their skills. The scrum team Product backlog Imitation by competitors Insufficient customers base Failure in getting partnership >Google Adwords >Facebook advertisements aged 18-35 low to middle income (S$60,000/annum) Though lacking profitability in the beginning, it is a promising and sustainable business for the future. The acquisition Users 5% service charge to service providers and users Advertising charges (S$20 for 5 days to boost the post Sprint backlog Have you ever watched an action movie, seeing the lead actor busting out sick moves and wishing you could fight like them? Hobby Lobby - our solution Have you ever plugged in your headphones, listening to your favorite rock band and you start to find your fingers mimicking the shredding of the guitar and air drumming to the beats of the song, wishing you actually knew how to play them? most of the people are interested in Hobby Lobby Solutions Risk and Opportunities we lack the opportunity due to parents’ disapproval,financial constraints we just did not know where to start or whom to look for. SUMMARY However, ⎫ Registered trademark (Hobby Lobby®) ⎫ Non-disclosure agreement where users can pick up the skills at reasonably low cost aged 18-39 low to middle income (S$60,000/annum) Insufficient customers base Service providers Free partnership or trial partnership Hobby Lobby a gap in market identified Olivia - scrum master Derek - product owner Shawn - member Muthu - member Augustine - member Market validation Imitation by competitors Developing the online portal using the Agile methodology Revenue model

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