Harvard Business Review- Revere Street Essay - 1693 Words

After analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein, Alexander’s â€Å"DIY† approach is not only exemplar of naivetà ©, but also suggestive of many implications that were overlooked in his proposal. And, even more discouraging, a best-case scenario analysis reveals that even without†¦show more content†¦To bring this project to fruition and realize the gains projected, the following processes need to occur without incident: Alexander’s bid must be accepted by the seller, which req uires that he obtain an appropriate mortgage, and avoid forfeiting his deposit, which could be something to the tune of $17,500 or more. For the closing sale of the property to go smoothly, there mustn’t be any lien issues from the existing bank withholding loan proceeds to the architect, since the construction was not finished. After this, the construction needs to be essentially error free and at an expedited pace to be complete by the four month timeframe set- and this is without a professional general contractor. Additionally, the job must not exceed the $165,000 figure that was given by a non-independent contractor, who very likely may have given a low-ball estimate to seem like an attractive candidate. The last architect was off by $115,0001, indicating that the scope of the work necessary to complete the job may be deceptive and much greater than anticipated, however there is no reserve beyond budgeted amount, making this possibly the hardest mission to accomplish. If, however, the project is completed within the four allotted months, and without going over budget, the next phase is filling vacancies, which Alexander is also planning to have accomplished by the end of the fourth month. This means that during the construction process, Alexander must alsoShow MoreRelatedHarvard Business Review Case- Revere Street1654 Words   |  7 Pagestake advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliable. In a similar vein, Alexander’s â€Å"DIY† approach is not only exemplar of naivetà ©Read MoreStrategic Management at Starbucks14676 Words   |  59 Pagesinnovation sta nds in the commitment of offering only high quality coffee. Other products offered by Starbucks are ready-to-drink cold beverages, food items and also, retail merchandise. (Batsell, 2001) Starbucks coffeehouse grew from a small, regional business into the undisputed leader in the specialty coffee industry by offering only the best quality coffee and providing an unmatched store experience. Changing the perception of the customers was done by changing the entire culture of enjoying coffeeRead MoreStrategy Safari by Mintzberg71628 Words   |  287 Pagesconsulting firms that serve them. Practitioners read and are influenced by the literature, just as the literature is influenced by the practice. So this is a book of the school of thought on strategy formation both in publication and in practice. A Field Review The literature of strategic management is vast—the number of items we reviewed over the years numbers close to 2,000—and it grows larger every day. Of course, not all of this comes from the field of management. All kinds of other fields make importantRead MoreNew World Order in Conspiracy Theory13987 Words   |  56 Pagesrun by the United Nations. [13] American televangelist  Pat Robertson  with his 1991 best-selling book  The New World Order  became the most prominent Christian popularizer of conspiracy theories about recent American history as a theater in which  Wall Street, the Federal Reserve System, Council on Foreign Relations,  Bilderberg Group, and  Trilateral Commission  control the flow of events from behind the scenes, nudging us constantly and covertly in the direction of world government for the  Antichrist.[5]