Hello I'm looking for someone to assist me with some PowerPoint slides and some charts.. I'm a consultant for a Survivor Friendly groupJENKINS CONSULTING PRACTICUM Summer 2023 1. Company and sponsor name Survivor Friendly Sponsor: Jacqueline Cromity (Jenkins MBA) 527 Keisler Dr Suite 104, Cary, NC 27518 Ph: (919) 747-9336 Email:
[email protected] Website: https://survivorfriendly.com/ 2. Company and sponsor background and contact info Survivor Friendly began in 2016 after the founder, Jacqueline Cromity, survived borderline Stage 4 Triple‐Negative Breast Cancer. Since 2007, the number of cancer survivors in the United States has increased from 11.7 million to 18 million in 2020 resulting in a continued decrease in cancer related mortality. Sadly, 39% of men and women in the United States will develop cancer in their lifetime. An average of 1.8 million cancer prognoses will be issued this year, with female breast cancer being the most common. 57,037 new cancer cases were reported in 2017 in North Carolina alone. The cancer treatment process requires compassion, embracement, and support. Based on her own experience, Jacqueline knew that women struggle with extreme alterations in physical appearance, and consequently, the fear of unacceptance after battling cancer. Due to the intense nature of treatment provided to cancer patients, there is a shortage of knowledge dissemination, support channels, and products for survivors to help them regain confidence in their daily lives. Furthermore, there is a lack of variety for different ethnicities, product vendors, and honestly, the personal touch needed to assist women with this transition. There is a need here in North Carolina and industry wide. “I can’t tell you the number of stores, multi-insurance claims, and just the sheer frustration of getting personal items to assist me during my journey to live”, said Jackie. Survivor Friendly was founded to empower women to regain their confidence more quickly through a community of supporters. Survivor Friendly used to work solely on donations to distribute free bags, which include beauty essentials and other supplies to help the healing process and return to “normalcy” of life after cancer. The organization also had a goal to establish a global survivor‐friendly community of businesses that will treat survivors with dignity, providing a haven for them to be served without shame. Businesses with the Survivor Friendly emblem have pledged to ensure their establishments openly welcome those conquering the challenges of cancer. In light of these issues, Survivor Friendly presents a one-stop solution to improving well-being, quality of life, as well as aiding survivors with overcoming daily challenges. In 2020 Survivor Friendly ® expanded into a durable medical equipment (DME) distributor focused on dispensing breast care items. We have 6 locations, including the original in Cary, Duke Caner Centers and two acquisitions in Winston Salem. NC and Shelby, NC. The organization’s goal is to become a one-stop-shop committed to improving the quality of life for cancer patients and survivors, throughout their journey. The focus is carrying products that are often covered by insurance so that the organization has a steady cash flow. Current Performance: $900,000FTE 5, PTC 3 Current Issues & Challenges: Survivor Friendly has been contacted by two organizations, one in New York and another in Georgia, expressing interest in partnering with Survivor Friendly's turnkey operation. Survivor Friendly possesses custom software that effectively addresses operational challenges in running a business similar to Survivor Friendly. Research Objectives: · Evaluate the partnership potential with the organizations in New York and Georgia, considering their alignment with Survivor Friendly's mission, resources, and market opportunities. · Assess the advantages and disadvantages of franchising Survivor Friendly's turnkey operation in comparison to partnership models. · Determine the scalability and adaptability of Survivor Friendly's custom software to accommodate potential franchise operations or partnerships. · Conduct a financial analysis comparing the potential costs, benefits, and profitability of franchising versus entering into partnerships. · Identify the potential risks, challenges, and legal considerations associated with both franchising and partnerships. · Provide recommendations on the most suitable approach (franchising or partnerships) for Survivor Friendly to expand its operations effectively. Key Areas of Investigation: Partnership Assessment: Evaluate the organizations in New York and Georgia, considering their organizational structure, values, resources, and market potential. Determine the extent to which these partnerships align with Survivor Friendly's goals and objectives. Franchising Analysis: Assess the benefits and drawbacks of franchising Survivor Friendly's turnkey operation, considering factors such as control, scalability, operational consistency, and financial implications. Software Evaluation: Analyze the adaptability of Survivor Friendly's custom software to support potential franchise operations or partnerships. Determine if the software can effectively address operational challenges in different locations and business contexts. Financial Analysis: Conduct a comprehensive financial analysis comparing the costs, revenue potential, and profitability of franchising versus entering into partnerships. Consider factors such as initial investment, ongoing expenses, revenue sharing, and potential return on investment. Risk Assessment: Identify potential risks, challenges, and legal considerations associated with both franchising and partnerships, including compliance, brand reputation, quality control, and intellectual property protection. Recommendations: Based on the research findings, provide clear recommendations on whether Survivor Friendly should pursue franchising or partnerships for expanding its operations. Consider factors such as market potential, scalability, control, financial viability, and long-term sustainability. Expected Project Outcomes: · Partnership assessment report outlining the potential of partnering with the organizations in New York and Georgia, including their alignment with Survivor Friendly's mission and market opportunities. · Comparative analysis of franchising and partnership models, highlighting the advantages and disadvantages of each approach. · Evaluation of Survivor Friendly's custom software's adaptability to support potential franchise operations or partnerships. · Financial analysis comparing the costs, benefits, and profitability of franchising versus entering into partnerships. · Risk assessment report, highlighting potential risks, challenges, and legal considerations associated with both franchising and partnerships. · Recommendations on the most suitable approach (franchising or partnerships) for Survivor Friendly to expand its operations effectively, considering market potential, scalability, control, and financial viability. Survivor Friendly Situational analysis June 2023 Survivor Friendly Situational Analysis June 2023 Eudora Stevenson Nadine Smith Vijay Ram Chitrapu SF Agenda Company Background Problem Statement Project Deliverables Survivor Friendly Situational Analysis 2 Project Description Timelines SWOT Analysis PESTEL Analysis Next Steps Company Background Survivor Friendly ® is a social enterprise advocating for cancer patients and dispensing Durable Medical Equipment (DME) bridging the needs of cancer patients and survivors with post-surgical accessories. Survivor Friendly was established in 2016 by founder Jacqueline Cromity, who had battled cancer multiple times beginning in 2013. She was able to locate businesses that offered cancer patients aftercare services, but there was a lack of empathy, recognition of the trauma, and human contact. She was given an aftermarket prosthesis that was not even close to matching her dark melanin as a woman of color. To fill these gaps, Survivor Friendly was founded with the goal of increasing consumer awareness of side effects so that survivors could move from simply surviving to thriving at work and in their daily lives. Survivor Friendly sells aftercare supplies for both male and female cancer survivors. For compatibility with different skin tones, prosthetics are available in a variety of colors. To help the client feel as normal as possible, bras are offered in a variety of designs and hues. The company also sells other items like compression clothing, wigs, hat wigs, and other hair accessories. There are currently six locations throughout North Carolina, but the business wants to grow to provide access to many more survivors who want individualized aftercare services. Survivor Friendly Situational Analysis Problem Statement Survivor Friendly has seen substantial development and success in recent years and is now considering expanding its operations through either partnerships, franchising or consulting. However, there lacks a clear decision-making framework that can assist Survivor Friendly in weighing the benefits and drawbacks of each choice and determining the best route for its business expansion. Two organizations, one in New York and another in Georgia, expressed interest in partnering with Survivor Friendly's turnkey operation. Survivor Friendly on the other hand, is interested in working with these companies but is not clear about the business model that is best in the interest of Survivor Friendly. Survivor Friendly Situational Analysis 4 Project Description Survivor Friendly Situational Analysis The consulting team is tasked to provide a thorough decision-making framework that will allow Survivor Friendly to successfully evaluate and choose between partnerships and franchises as feasible expansion strategies. Financial ramifications, control and ownership, scalability, brand consistency, legal and regulatory constraints, and operational issues should all be factored into the framework. It should provide clear principles and criteria to aid decision-making and reduce uncertainty about the long-term outcomes of the selected expansion strategy. Project Deliverables Market Research Report - Conduct interviews and surveys to understand the DME industry and other players in the market space that Survivor Friendly is operating. Partnership Evaluation - evaluate TheWigDr to either partner or franchise and work with Survivor Friendly. Financial Analysis - research and compare the advantages and disadvantages each business model proposed by the consulting team. Evaluate the initial investment required, ongoing expenses, revenue sharing models, potential return on investment, and the long-term financial sustainability of both approaches. Assessment of Risk - identify potential risks, challenges, and legal considerations associated with each business model being proposed by the consulting team Survivor Friendly Situational Analysis 6 Timeline Survivor Friendly Situational Analysis 26th May 2O23 Introduction Meeting 5th June 2023 Situational Analysis & Project Charter 2nd July 2023 Mid-Term Presentation 28th July 2023 Final Presentation Contracting & Preliminary Analysis Data Collection / Discovery Discovery/ Analysis/ Feedback Final Reflection SWOT Analysis Survivor Friendly Situational Analysis 8 PESTEL Analysis Survivor Friendly Situational Analysis Next Steps Survivor Friendly has preference to work TheWigDr. This consulting team will setup a meeting with TheWigDr to understand their business model, vision and mission, and goals. Conduct market research in DME industry Analyze the research data for competitors and market in general Weekly meeting with team Weekly sync-up with Survivor Friendly Survivor Friendly Situational Analysis 10 Thank You