Discussion #7 Instructions: Before answering the below prompt, be sure to (re)read WELCOME TO THE COFFEEHOUSE background. Now that they have successfully incorporated the roastery into their business, the executive team at The Daily Grind believes the greatest opportunity for revenue expansion is in the retail space. Based on several examples they've seen from successful like-minded coffee roasters in other markets, the executive team has developed an approach to expanding its retail opportunities. They're now asking your advice on which one would be the best to start with, since they will have to take a phased approach with this expansion. A.) Sell beans in high-end grocery and specialty stores. This option would involve procuring shelf space at local stores, such as high-end grocery, health food, co-op, gift shops and other stores with a focus on local and superior-quality products. With shelf space being as highly coveted as it is, it would likely leave room for selling just The Daily Grind's two most popular coffees, the house blend and El Salvador. Based on some preliminary research by the executive team, they have found approximately 15-20 locations they think would be a good fit. B.) Wholesale beans to other coffee shops under a different brand name. The Daily Grind could also start its expansion plans by wholesaling beans to other coffee shops that don't roast their own. It would require creating and designing a new brand, packaging and an accompanying website, plus marketing to attract potential coffee shop customers. The Daily Grind would plan on pursuing customers both locally and nationally. C.) Push to become the sole coffee supplier to local restaurants and other venues. In this approach, people from corporate would leverage their personal relationships with local restaurant and venue owners (or managers) to convince them to make The Daily Grind the only coffee they serve. It could also include cold calling and drop-ins with samples, for business owners that do not have existing relationships with someone in the company. With this option, The Daily Grind would actively pursue businesses that align with its mission and values. Businesses that sign a contract with The Daily Grind would get to choose from a selection of small promotional pieces (such as a window sticker, table tents or other printed piece) to display and promote this exclusive relationship to their customers. Currently, the executive team has identified approximately 35-45 locations they would like to pursue contracts with. Initial Post After reading the prompt, 1. Select the best strategic options for dealing with that situation 2. Provide a rationale for your decision 3. Create lists of additional questions the company would ask, information the they would need and factors they should consider in making that decision