Running Head: CHALLENGES FACING THE WINERYEffectively addressing the challenges facing the winery for future growthNameInstitutionDate1CHALLENGES FACING THE WINERY2Effectively Addressing the Challenges Facing the Winery for Future GrowthScope of the ChallengesEffectively addressing the challenges facing the winery for future growthBelle Meade faces a tough challenge with the liquor laws requiring production and selling in oneplace. It would take time, money, effort, and Belle Meade may not possess for him to possiblylobby the politicians to change the law with enough charisma. In the form of industry petitioning,the best way to change the law would be by overwhelming opposition. In the long run, no bestinterest and Belle Meade would have to do this by reducing barriers to entry for competitors.Renovation of existing buildings, new building construction, and underground cellars areinnovative on-site storage solutions Belle Meade would create for now (Ferrell & Fraedrich,2015).How Belle Meade Should Beat Its RivalsBelle Meade is challenged by new entry rivals. Belle Meade will be consideredNashvilles most respected and sought-after winery by establishing a sound business plan, astellar image, profitability, and continuously improving both value chain and marketing avenues.Belle Meade must keep up staffing abilities with that growing popularity. Room foradvancement, allowing employees space to blossom in their careers, and turnover reductionsho ...
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