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Hobby Lobby. Richard Valdez OECS 250 12/09/08 Final Project. About Hobby Lobby. Arts and crafts store Various Items Several Different departments Crafts Arts Scrapbooking Etc… Has a timeless theme. Customer Demographics. Elderly Students (k-12) College Students Instructors

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Hobby lobby

Hobby Lobby

Richard Valdez

OECS 250

12/09/08

Final Project


About hobby lobby
About Hobby Lobby

  • Arts and crafts store

  • Various Items

  • Several Different departments

    • Crafts

    • Arts

    • Scrapbooking

    • Etc…

  • Has a timeless theme


Customer demographics
Customer Demographics

  • Elderly

  • Students (k-12)

  • College Students

  • Instructors

  • Organizations

    • “Red Hat Society”

    • “Sororities”


Company strengths
Company Strengths

  • Traditional Values

  • Humble roots

  • Large variety items

  • Give customers sense of comfort

  • Good management

  • Benefits

    • 401K

    • Health Insurance


Company weakness
Company Weakness

  • Lack of technological sense

  • Loss of productivity sense

  • Loss of man hours

  • Wasted Time

  • High prices

  • Low wages

  • Loss of workers


Company opportunities
Company Opportunities

  • New equipment

    • Software

    • Registers

    • Scan guns

  • Increase productivity

  • Increase of customers


Company threats
Company Threats

  • Lack of technology

  • Loss of customers

  • Lose competition against other companies

  • Economy

  • Falling behind in technology


Chosen opportunity
Chosen Opportunity

  • New equipment

    • New Software

    • New Registers

    • New Scan guns


Technical feasibility
Technical Feasibility

  • Already own computers

  • Already have set of information

  • Can easily find new equipment

  • Can have a software made specifically for job.


Economic feasibility
Economic Feasibility

  • High cost of new software

  • Purchase of new registers

  • Purchase of new scan guns

  • Increase hours of IT staff

  • Shouldn’t cost more over then $5,000


Schedule feasibility
Schedule Feasibility

  • Take roughly a month to implement

  • Installing

  • Testing

  • Transferring item information

  • Transfer employee information

  • Training employee

  • Process can be sped up


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