Each group must report on a unique episode, so it is a good idea to select your episode early. The Writing Assignment is to be 1,000 – 1,500 words in length (this range includes everything in the assignment including group member names, title, and citations). Please do not include an abstract in the final paper. The paper should be completed using APA citation standards. An APA Guide and other writing tools are available After watching the episode Amazing Grapes from the show The Profit, one relate this to managerial finance. In the episode, one can find strengths of the firm, some problems or weaknesses of the firm, and strengths and problems that can be related to topics in financial management.
Finally, the “profit, ” Marcus Lemonis, diagnoses the problems in the firm and designs a way to fix their problems. In the episode Amazing Grapes, Marc Lemonis goes to a company located in Orange County, California called Amazing Grace Wine Store. This company is about an hour south of Los Angeles and has a large space for improvement. The nature of the firm is that Amazing Grapes is a wine bar and retail shop.
Inside of the store there is a bar located in the back corner where customers can sit down, have a meal, and drink. The main part of the store is isles of different kinds of wines and beers that customers can purchases. When Marcus arrives to Amazing Grapes, he identifies some of the firm’s strengths and weaknesses. Some of the firm’s strengths are in the past year the firm made 3.5 million dollars in revenue, the store is located in a wealthy community, and the wine bar generates the majority of the store’s revenue.
Amazing Grapes also has a very strong employee staff. The working staff members are very loyal to the company, love what they do, are hardworking, and will do whatever it takes to keep their company afloat. The article written in New York Times regarding the condition of workers asserts, “Companies that have customer-facing employees and want to keep them must rethink the issue of worker pay, ” (Porter, 2015). This insinuates that employee truly act as one of the major strength of any given store, like Amazing Grape.
Amazing Grape also has a wide variety of wine inventory. The store also has a website online where customers can purchase products via the web. Although it is a strength for having a wide
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