with complete solution.
AAN1 Task 1: Applying Systems Thinking Basics
Wilde's Bramble Case Study #1
A1:
Key Events:
• Wilde’s Bramble was doing very well at the local farmers' market, and
word got around about their products, which attracted local shops and
restaurants to buy their products
• Due to an increase in demand for their products, the Wildes had to use
money from their savings to get more land, more equipment, a new
barn, and more power.
• The Wildes began to depend on credit cards to help them with the cost
of business and the price increase.
• As a result of the credit card payment increase and their finance
charges starting to pile up, the couple had to take out a second
mortgage, and Calla was forced to find a job away from the farm to
help get money.
Patterns:
• In the beginning, Wilde’s Bramble was successful with the increase in
demand for their products.
• They had to go into their savings to get more resources and equipment
for their business.
• The Wildes started having financial issues because they began to rely
on credit cards to help with the price increase
• The credit card payments increased, so Calla had to get work off the
farm.
Underlying structure:
• The Wildes did not have enough money or management
• They did not plan financially to help with the increase in demand.
• They had limited ways of bringing in money and started relying on a
credit card.