Westmount Retirement Residence Introduction This case study is about a retirement home business called Westmount Retirement Residence, which is located in London. The company is currently facing some cost structural problems as they are unable o manage their even increasing cost of operations and need to revamp their costing and budgeting procedures in order to come up a better and more efficient pricing and costing model in order to make the business sustainable and profitable at the same time. This report covers the basic challenges that are being faced by this company along with its current and potential strengths and weaknesses. After that we will be discussing the new pricing model for the Westmount Retirement Residence.
Major HBR cases concerns on a whole industry, a whole organization or some part of organization; profitable or non-profitable organizations.
To make a Westmount retirement residence analysis case analysis, student should follow these steps: Case study method guide is provided to students which determine the aspects of problem needed to be considered while analyzing a case study.
It is very important to have a thorough reading and understanding of guidelines provided. However, poor guide reading will lead to misunderstanding of case and failure of analyses.
It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered. Therefore, in-depth understanding f case guidelines is very important.
To have a complete understanding of the case, one should focus on case reading. It is said that case should be read two times. Initially, fast reading without taking notes and underlines should be done. Initial reading is to get a rough idea of what information is provided for the analyses.
Then, a very careful reading should be done at second time reading of the case. This time, highlighting the important point and mark the necessary information provided in the case.
In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. Also, manipulating different data and combining with other information available will give a new insight.
However, all of the information provided is not reliable and relevant. When having a fast reading, following points should be noted: Nature of organization Nature if industry in which organization operates. External environment that is effecting organization Problems being faced by management Identification of communication strategies.
Any relevant strategy that can be added. Control and out-of-control situations. When reading the case for second time, following points should be considered: Decisions needed to be made and the responsible Person to make decision.
Objectives of the organization and key players in this case. The compatibility of objectives. Sources and constraints of organization from meeting its objectives. After reading the case and guidelines thoroughly, reader should go forward and start the analyses of the case.
To make an appropriate case analyses, firstly, reader should mark the important problems that are happening in the organization.
There may be multiple problems that can be faced by any organization. Secondly, after identifying problems in the company, identify the most concerned and important problem that needed to be focused.
Firstly, the introduction is written. After having a clear idea of what is defined in the case, we deliver it to the reader.
It is better to start the introduction from any historical or social context. The challenging diagnosis for Westmount Retirement Residence and the management of information is needed to be provided.
However, introduction should not be longer than lines in a paragraph. As the most important objective is to convey the most important message for to the reader.
After introduction, problem statement is defined. However, the problem should be concisely define in no more than a paragraph.Step 4 - SWOT Analysis of Westmount Retirement Residence.
Once you finished the case analysis, time line of the events and other critical details. Focus on the following - Zero down on the central problem and two to five related problems in the case study.
Do the SWOT analysis of the Westmount Retirement Residence. Westmount Retirement Residence case analysis, Westmount Retirement Residence case study solution, Westmount Retirement Residence xls file, Westmount Retirement Residence excel file, Subjects Covered Cost allocation Cost systems Pricing by Mary Heisz, Nicole Shomair Source: Richard Ivey School of Business Foundation 10 pages.
. Westmount Retirement Residence Case Solution, This Case is about PRICING PUBLICATION DATE: June 30, PRODUCT #: BPDF-ENG The administrator of the Westmount Retirement Home is concerned about.
Westmount Retirement Residence Case Solution,Westmount Retirement Residence Case Analysis, Westmount Retirement Residence Case Study Solution, Westmount Residence Pension administrator is concerned about the current system of cost accounting. Westmount is a unit Retirement Residence established in that offers both assisted living and independent supportive living options to seniors in the community.
After a history of high occupancy rates, stable clientele and profitable operations the establishment is now going through a period of low profitability.
Step 4 - SWOT Analysis of Westmount Retirement Residence. Once you finished the case analysis, time line of the events and other critical details. Focus on the following - Zero down on the central problem and two to five related problems in the case study. Do the SWOT analysis of .