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Heat Me Cup Report to Community

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by

Vivian Fang

on 29 April 2014

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Transcript of Heat Me Cup Report to Community

Final
Financial
Finish
Heat Me Cup
Report to Community
LAUNCH & GROW: Starting the race
EXPLORE
PURSUE
-Inventory arrived
-Simulation to ensure sales process is effective
-Start off confident as one of the first businesses to begin selling

Miles 5 - 10
Valentines' Day Promo
HALFWAY POINT
Burn Incident
Miles 17-19
Bulk Order
Heat Me Cup
Heartbreak Hill
Final Financial Finish
What happened?

Customer got burnt on her chin and upper area of her chest
Suing our company?
Aftermath
Professors reached out to lawyers at Babson
Legal counsel resolved the conflict
How we dealt with it
Warning labels on every cup
Updated website

Motivation
Company Culture
Team Bonding
Relationships
Challenges
Trust
Interpersonal Challenges
Feeling effects of the race
Time and effort
Finding a good pace
Department goals
Stopping to re-tie shoe
Valentine's Day Promotion
Important to keep going
Video promotions
The Campaign :)




Deliver gift forms to students and faculty on campus
Results
Analysis: What went wrong? Why?

Learning From Our Mistakes <3

Steps taken

Communication
Collaboration
Involvement / Delegation
Organization / Planning
Execution </3
Bulk order
Reconstructed sales pitch
Reordering
Trim & Olin
Company Wide
Department Specific
- Initial costs & funding: had to prove we were feasible

- New members: group got bigger, time to create a team.

- Changing products: original product wasn't what we expected, had to adapt to change.

Report to Community
HeatMeCup Receipt
Keeping Track of Sales
Balance Sheet
Expenses
Sales Predictions
Actual
Predicted
Final
Financial
Finish
Human Resources
Finance
Operations
Sales
Marketing
Information Technology
FME Fair
Reynolds Selling
What We Paid
What They Paid
Communication Skills
Public Speaking
Work Delegation
Sales Pitch
Customer Interaction
Networking
FINISH LINE
Total Profit
$89.42
Implemented Systems for small team:
Excel Spreadsheet
Assigning SKU Numbers
Reordering
Sales pitches

Communication with customer

B2B Sales


Qualtrics workshop
Appraisals


Importance of team Bonding events
Giving and receiving feedback to team members
Create Balance Sheets Income Statements
Learning how to interpret the financial position of a company
Make financial predictions that would be best of our company
Execution
Situational leadership
Communication
Motivation
Full transcript