All posts by jimmyh@uoregon.edu

Superstore Sales

Based on the data from our analysis table we seem to be losing a great deal of profit from the following two product sub-categories; bookcases ($ 33,582.13 loss) and tables ($ 99,602.53 loss). We are however, making a lot of profit from the telephones and communication ($ 316,915.64 gain), binders and binder accessories ($ 307,413.42 gain), and office machines ($ 307,712.93 gain) product sub-categories. So it would be a better opinion for the store to stock more telephones and communication, binders and binder accessories, and office machines. And to stock less  bookcases and tables.

This being said, overall our most profitable products are generating such substantially high profit that it offsets the losses we are are facing in binders and office machines. So if the products that are losing us money are complimentary to bookcases and telephone sales the loss we are experiencing on a micro scale may be resulting in overall higher profits through increased sales of more profitable products.

This was an extremely interesting lab for our group as two of us are economics majors and spend a great deal of time studying profit maximizing  firms.

Analysis Table

Profit Table

Below is a table that shows the top 7 customers that we are losing the most profit on.
Profit Table

It would be in the store’s best interest to not continue doing business with these 7 customers because we would be operating on a huge lost in profit.

Concert Venue

CV USE

Although a concert venue may seem like a very transparent industry the majority of the work is done by the support staff.  As the food and beverage manager at a local concert venue myself and a team of 4-15 people setup, broke down, and kept the concerts running from behind the scenes. While the performers would generally bring their own staff to provide most of the face to face interaction with customer (performers and openers) or even background interactions such as light and sound board operators.  About 10% or less of work by the venues employees are spent interacting with customers, while at least 90% of work is spent off stage and away from the ticket office.

I believe that this is the best working system of a concert venue. As someone who both frequently patronizes concert venues and has spent much of my life working both as staff and performer, the less you see the venue staff the better time everyone involved has. A seamless venue operates in a way that the patrons and performers feel that they are only interacting with each other, overly pushy and undertrained staff members that try too hard to influence the artistic liberties of the performer, or harm the experience of the concert go-ers can be very detrimental to a show. This being said the best venues feel as if there is no interaction because the work is being done in the proper order. The bussing of drinks should be done with minimal interactions and the perpetration of concessions or a stage should never be seen. A prefect concert can be seen as a magical experience and that is achieved based on the merit of the supportive venue staff.