Topic > Porter's Five Forces Analysis of Kudler Fine Foods

Kudler Finer Foods was founded in 1998 by Kathy Kudler with the vision of creating a store that offered a wide selection of fresh ingredients and gourmet tools at a reasonable price. Five years later, Kathy's vision has expanded to three stores and soon a fourth. Kudler has demonstrated successful business strategies to maintain the growth his company has experienced over the life of his company. This article will review the key management functions related to Kudler Finer Foods; discuss how technology and the Internet are used by Kudler and how Kudler fits into Porter's management model. Primary functions of management There are four basic functions of management; planning and strategy, organization, leadership and control. These functions are necessary at all levels of the management process. Different levels of management may have greater weight in one function than in another. A description of each function is listed in Table A.Table A: Management Functions and Descriptions1. Planning and Strategy Necessary to establish future goals and objectives and important to develop a plan to achieve future goals.2. Organization Specify how the company's resources will be used to achieve objectives.3. Leadership "Stimulating people to contribute their best individually and in cooperation with other people", (Gomez 2002)4. Control Measure performance and compare it to set goals, change what is necessary and observe progress. (Gomez-Mejia & Balkin, 2002) Kudler Finer Foods is overseen by the company's founder and president, Kathy Kudler. Kudler has three store managers and three directors who report directly to her; a director of finance and accounting, a director of store operations and a director of human resources. Each director also has employees who report directly to that position to assist them in their work. The company president is primarily responsible for planning and strategy for the company. She keeps up to date on all aspects of the business through environmental scanning and interaction with her direct reports. This allows her to lead her company into the future. Kudler is also directly involved in organizing, leading, and controlling her company, although these functions are primarily handled by the other management levels. The directors of the company mainly perform the organizational function of the management..