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Lawrence Problem Solution 1

Lawrence Problem Solution

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Title: Lawrence Problem Solution

Essay Details:

Subject: Business

Author: Bryan O

Date: November 5, 2013

Level: University

Grade: B

Length: 11 / 3105

Essay text:

The primary suppliers to Lawrence Sports are Gartner Products and Murray Leather Works (University of Phoenix, 2008). Gartner Products supplies LS with approximately 70% of their raw materials and Murray Leather Works supplies the rest. In recent weeks, Mayo has defaulted on 80% of its outstanding payments and LS expects additional delays. Due to the cash flow issues this has created for LS, the company has been forced to negotiate payment deferrals to Gartner Products and Murray Leather Works because its outstanding loan and interest burden have increased. The nine step model includes describing the situation, framing the right problem, describing the end-state goals, identifying the alternatives, evaluating the alternatives, identifying and assessing the risks, making a decision, developing and implementing the solution, and evaluating the results...

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