Shoes Mini Case

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TOMS Shoes
TOMS shoes is clearly a going concerning. Though not profit motivated through its mission and vision, the company via its owner seems to have accomplished its goal and objective of shoe distribution over the world through its policy of one for one. Owing to this, the company and the management need to set up a new course, vision and goal to so as to have a new challenge. The management team is posed with the question of what next after achieving its primary goal. The company should be more profit minded as a new step and set up a new profit target and move towards profit maximization as a new challenge. While at the same time ensuring the giving out of shoes to the poor is achieved through the use of profits to donate new shoes to the world. The company can achieve this through diversity in shoe production by producing different types of shoes with classification basing on quality, price and material used. The company has the potential to make an enormous amount of profit due to its familiarity to the shoe industry and world recognition where it has been featured in some newspaper and television programs. The company has the potential to attract a large pool of resources through debt financing due to its global knowing and endorsement by famous organizations like the Clinton Foundation.
Moreover, the company can attract huge revenues by partnering with non-governmental organizations and government through its effort in ensuring people have shoes.

In this regard, the company can mass-produce shoes for such organizations at lower prices due to economies of scale. While the organizations get enough shoes, the company has access to high revenue that can make it continue with its charitable work like distribution of shoes.
Another step for the company can be diversity through engaging in the production of other lines of production like clothing. Although the majority of persons in many parts of the world have limited access to shoes, they also have no clothes while other poor children walk in poor clothes. The company can still maintain its mission by ensuring that people not only have access to shoes but also have access to good clothing all over the world. All this can be achieved through reduced reliance on the founder and having a general outlook on objectives.