Robin Hood Case
Recommendations
According to your request, we offer the following recommendations to improve MMI’s business model. The recommendations relies focus on the value proposition and profit formula for various specific stakeholders of MMI. Our recommendations also comply with social contract theory.
We recommend the following actions to improve the value proposition:
ď‚— Teach poor people skills and trades.
ď‚— Work with the barons to release King Richard.
ď‚— Create a stable and equitable society operating under rules of law.
ď‚— Create a safe environment for travelers.
We also recommend the following actions to improve the profit formula:
ď‚— Give poor people a co-ownership option and future goods payment option.
ď‚— Work with the barons to release the King Richard from the prison and return him to the throne.
ď‚— Charge an annual fee for the safe traveler program and a fee from the service for the travelers.
Current Situation:
The stakeholders of Merry Men Incorporated include poor people, barons and rich travelers. They have different needs because of their statues. MMI has satisfied the needs of poor people by providing food for them.
Analysis and conclusion:
Poor people want to have a stable and safety living. We recommend you to teach poor people living skills and trade instead of giving foods, such as farming and boot making. They will enable to earn a sustainable living by learning living skills, and trade with them will bring them incomes. You can also offer poor people a co-ownership