Companies are free to choose whatever organizational strategy they want to and could choose not to have any formal or structured strategy at all. The senior management of companies to guide their organization towards high productivity levels, high profits, as well as efficiency generally uses organizational strategy. As will be discussed organizational strategy can be highly adaptable and senior management is generally well-advised to review it on a regular basis (The Business, 26th March 2006).Such analysis will discuss if changes are due to businesses believing that the particular operational strategy they conduct their operations is the most effective means of achieving high profits and good levels of productivity as well as high volumes of sales. Sometimes organizational strategy has to be amended to damage limitation exercises rather than profit maximization schemes. Businesses that are unable to alter their organizational strategy as quickly or as effectively as their rivals then their profits and overall sales performance could suffer directly as a result. Organizational strategy can be determined by theoretical considerations whilst some businesses base their strategies solely on their previous experiences operating within their type of industry (The Business, 27th November 2005).Different types of industries can also rise, develop, and then decline over prolonged time periods which means that businesses may adopt similar or different organizational strategies to survive the worst effects of the decline and perhaps even lead to periods of renewed growth. The organizations that are better organized and have coherent strategies are the most likely to thrive instead of merely surviving within the increasingly competitive global economy (The Business, 27th November 2005).
Capital BudgetingWinning in business is characterized by net profits. There are two ways of generating funds. They are borrowing and investing. The best place to invest funds is visiting the London Stock Exchange. The following paragraphs explain clearly why investing in capital assets is a risk that can be tailored to generate profits and not left to chance (Datta, and Jones 1999, 21).The above computation shows that sales for the first year are £7,000,000. The direct materials and variable operating expenses amount are £2,500,000. The direct labor amount is £2,000,000. The factory overhead is arrived at by multiplying the direct labor amount by fifty percent. The amount arrived at is £1,000,000. The annual depreciation of £675,000 is arrived at by dividing the investment cost of the equipment amount of £3,375,000 by five years. The net profit result is £825,000. The cash inflow is arrived at by adding back the annual depreciation expense to the net income because there is no actual cash outflow generated by the depreciation expense. The net cash inflow computed for the first year is £1,500,000. This generates a first-year present value using the net present value discount table for varying annual cash inflows is £1,485,000(Dayananda et al. 2002, 5).The above computation shows that sales for the second year are £7,700,000. The direct materials and variable operating expenses amount are £2,750,000. The direct labor amount is £2,200,000. The factory overhead is arrived at by multiplying the direct labor amount by fifty percent. The amount arrived at is £1,100,000. The annual depreciation of £675,000 is arrived at by dividing the investment cost of the equipment amount of £3,375,000 by five years. The net profit result is £975,000. The cash inflow is arrived at by adding back the annual depreciation expense to the net income because there is no actual cash outflow generated by the depreciation expense.
ng one last bit to bring in more revenues and profits for the company just plays the right trick for the business to succeed both in the short term as well as in the long run. (Berkowitz, 2003) Businesses that stagnate over a period of time and do not change because of one pressure or the other usually die out quickly. (Ginzberg, 1957) The ones that have existed thus far have relied a great deal on the phenomenon attached to change and consistent upgrading of the needs as put forward by the business and its norms. (Clegg, Rhodes Pitsis, 2004)Seeking to introduce something on the lines of the customer’s wants and needs is a difficult proposition for the organization since it has to change its values and cultural basis but then again is an interesting offering which more or less suggests the ‘changing’ regime of the organization and to the levels, the organization can bend itself for the sake of the valued customer. (Hatch Cunliff, 2005) The changing market structure might call for changing strategies and lines of action that would all target the people for whom the product is actually designed as well as the competitors with whom the clutter is being broken in the environs of the marketplace. (Massey, 2001) Thus competition brings in more and more quality at the end of the company with regards to its products as well as more sales in the form of its varied and changed stance on focusing towards the customers rather than the product itself. (Covin, 1999) Apart from that, emphasis on need must be the order of the day rather than bringing out more and more varied stock key units just for the sake of it. The different products should satisfy each and every user rather than satisfy the people sitting in the innovation labs and those who invent just to take the company one step further. This trap should thus be avoided under all circumstances. (Gilbert, 1996) Thus profits could come out in the middle when a company is a sole and dominant player in thewhole market structure.
External providers allow organizations to concentrate on their core business activities, utilizing external expertise and reducing costs (Jones Finlayson, 1999). Their change role is expected to bring about innovation, quality enhancement, and cost-reduction.HRM has gone through a number of stages and towards the end of the last century its role became strategic, and the concept of strategic human resource management was born (Roos, Fernstrom, Pike, 2004). (Davis (2006) foresees structural and cultural change as the central strategic task for human resource managers. Emphasis on cultural issues to encourage autonomy and devolve decision making, on personal/organizational development and learning and to be responsive to changing customer needs, has given rise to the concept of outsourcing the HR functions. The rise in outsourcing is confirmed by the Workplace Employee Relations survey that revealed that more than 90 percent of all workplaces subcontracted one or more services (Walsh Deery, 2006).Outsourcing of HR functions has consistently been increasing and this requires that HRM professionals look more closely at employees’ perspectives on outsourcing, says Richbell (2001). During downsizing hiring of outplacement specialists takes place. Recruitment is increasingly done over websites. Counseling takes place through telephone helpline sans emails. At times transfer of human resources takes place from the outsourcing company to the vendor but these in the UK have to be governed by various Employment Regulations and Rights Acts. The existing terms of service have to be guaranteed by the vendor (Lee, 2000).Organizations segregate non-core activities from core ones and thus activities that are not central and revenue-producing are outsourced (Cardy, Gove, DeMatteo, 2000) but Conklin (2005) contends that this core/non-core dichotomy is not sufficient. Outsourcing of certain HR activities has a positive impact on overall innovation within the company, hence uniqueness is another criterion on which the decision to outsource should be based. At the same time, distinctive or idiosyncratic practices requiring tacit knowledge may suffer if outsourced.
Divorce аnd Mаtrimoniаl Cаuses Аct of 1857 divorces could only be obtаined in Englаnd through а cumbersome process involving а suit by the husbаnd аgаinst аnother mаn for ‘criminаl conversаtion’ (i.e., for compromising his wife, аnd therefore diminishing her vаlue, so thаt he could clаim dаmаges), then аn ecclesiаsticаl divorce which did not аllow the right of re-mаrriаge, аnd finаlly а privаte Аct of Pаrliаment which sepаrаted the pаrties ex vinculis mаtrimonii (from the chаins of mаrriаge) аnd did аllow re-mаrriаge. The 1857 Аct wаs designed (in effect) to аllow moderаtely weаlthy men to divorce their wives. А womаn could be divorced on the simple grounds of her аdultery (her аdultery threаtened his аbility to pаss his property to his mаle heirs), whereаs а womаn hаd to proveаdultery аggrаvаted by desertion (for two yeаrs), or by cruelty, rаpe, sodomy, incest or bigаmy. The husbаnd could clаim dаmаges аgаinst the аdulterous third pаrty, the wife could not (Bаrnett, 1968).When in Mаy 1856 Lord Chаncellor Crаnworth reintroduced into Pаrliаment а divorce bill, it wаs cleаr thаt he аnd the Pаlmerston government were still exclusively concerned with аbolishing the jurisdiction of Pаrliаment аnd the church courts. The аttorney-generаl аrgued forcibly thаt the country would be benefitted by the аbolition of the prolix, extortionаte, аnd extrаvаgаnt system of cаnon lаw аpplied by the church courts. No compensаtion wаs offered to officiаls working in the church courts for the loss of their business, а cаllousness defended on the grounds thаt this divorce business is confined in а few hаnds.The government аlso аrgued thаt the bill would bring divorce, which heretofore hаd been а privilege within the reаch of the rich mаn only, home to the doors of the humblest clаsses. (Hugh, Glick, 1970). This wаs а frаudulent clаim, for neither the government nor its opponents, hаd аny desire to mаke either divorce or judiciаl sepаrаtion аccessible to the poor. In Mаcаulаys blunt words, it wаs а clаptrаp observаtion.
The attrition of human rights by the government policy inclined to fight terrorism developed over decades in relation to the conflict in Northern Ireland, and this was given renewed impetus by the UK’s actions in response to the attacks in the USA on 11 September 2001. Then came the events of 7 and 21 July 2005 in London and its suburbs, when a series of explosions rocked a business-like morning in London.Ever since the 11 September 2001 catastrophe, the UK authorities have passed a series of new laws, even though the UK already had some of the toughest anti-terrorism laws in Europe. These laws contain sweeping provisions that contravene human rights law, and their implementation has led to serious abuses of human rights. The shooting and killing of an innocent man in broad daylight by police officers is a stark reminder of the law and order in the UK today.People suspected of involvement in terrorism who have been detained in the UK under the new laws have found themselves in a Kafkaesque world. They have been held for years in harsh conditions on the basis of secret accusations that they are not allowed to know and therefore cannot refute.After the events of 7 and 21 July 2005 in London, more draconian measures were proposed. These included a new Terrorism Bill currently before Parliament. Some of its most sweeping and vague provisions, if enacted, would undermine the rights to freedom of expression, association, liberty and fair trial (the United Kingdom, Human Rights: a broken promise, amnesty.org, referred on 15.04.2006).1In 1974 when the Irish Troubles once more flared up, the UK government responded with a Prevention of Terrorism Act (PTA). The PTA made it an offense for any individual to belong to a banned group and contained special powers of arrest and detention.After 9/11, however, the Terrorism Act (TA) was hastily augmented by Parliament in the form of the Anti-Terrorism, Crime and Security Act (ATCSA) in 2001.
The risk and lowered safety of German banking business is compared by tracing the performance of certain noted German banks like IKB Deutsche Industrie bank, Commerzbank, Deutsche bank credits and Hypo real credit Bank, taking parameters like Equity/Total Assets, Return on Average Assets (ROAA), Net Loans to total Assets, Liquid assets/total assets, etc. These figures are compared with leading European banks like Societe Generale Bank AXA Bank Europe, Compass SPA, GE Money Bank.The general consensus based on the comparative paper using these parameters shows that German banks do have lower risk capacity bearing abilities, especially when we consider the case of banks like IKB Deutsche Industrie bank (which had to be bailed out) and several other major banks that had to go under the hammer or have significantly reduced their business, or have become inactive. In the end, certain reconstruction strategies have been provided that could provide a sense of direction and thrust to German banks for the future.Germanys three-pillar banking structure separates ownership of state banks, cooperatives, and listed lenders, forcing big players such as Deutsche Bank (DBKGn.DE) to look abroad or to focus on investment banking or other specialized areas for growth. (Gould, 2007).Although market conditions are improving it is also predicted that Commerzbank would end 2009 with a net loss. As one of the premier banks in Germany, having also acquired Dresdner Bank, it is expected to do well. But the parameters speak differently. There is apparently a heavy loan burden for this bank, with debt-equity at around 98 when ideally it should be around 3-4. Thus, this bank does carry a high degree of risk.One of the main aspects of the risk of a bank is the Debt equity asset ratio, and in this count, Commerzbank is indeed much riskier than other banks. Coming to return on average assets, both are equal at 0.75, while net loan on total assets is only around 9% for Commerzbank, while for other banks it is – Societe General bank (32%), AXA Bank, Europe (55%), Compass SPA, (83%) and GE Capital ( 97%).
The law of contract formation distinguishes between an offer and an invitation to treat, which is not an offer but an indication of willingness to negotiate a contract. For example, in the case of Gibson v Manchester City Council, the words may be prepared to sell constituted an invitation to treat and not a distinct offer. In the current scenario, Doris went to Baxter Beds and bought the bed after examination and there is no issue that this is an enforceable consumer contract for the sale of goods.The bed was advertised as being made of solid brass however transpired to have many problems including scratches on the bed-head and a wobbly leg. Furthermore, the facts indicate the brass bed-head of the bed was one of the motivations behind Doris’s purchase of the bed and as such, went to the root of the contract,6thereby constituting a condition. Accordingly, the description of the bed was clearly misrepresented, and (in addition to false representation) it is arguable that this misrepresentation gives Doris the right to repudiate the contract and return the sideboard on grounds that the misrepresentation constituted a breach of condition. The burden would be on Doris to prove this.Additionally, Baxter Beds may be strictly liable for the offense of providing false trading descriptions under the Trade Description Act 1968. Section 1(1) of the Act provides that any person who in the course of a trade or business:Additionally, the SGA implies terms into the sale of goods contracts which can be asserted by consumers10. However as asserted by section 14(2) of the SGA, the implied term provisions only apply to contracts where the seller sells goods in the course of a business, and section 12(1) of the SGA provides that there is an implied term on the part of the seller that in the case of a sale he has a right to sell the goods, and in the case of an agreement to sell he will have such right at the time when the property is to pass, which is not in contention with regard to Doris’ purchase from Baxter Beds.
From the inception of the European Community until the adoption in 1986 of the Single European Act (hereinafter SEA) the concept of free movement was directed exclusively toward the factors of production, i.e., labor, business, and capital. Prior to SEA, workers were primarily viewed as mere tools of production and their exercise of rights under the EC Treaty was within that economic context. The SEA introduced a more encompassing view from an individual engaged in free movement as a factor of production, i.e., a worker, to the free movement of a worker as a free movement of a person now appearing as Article 14 (ex Article 7a) of the EC Treaty, which states:The movement from viewing an individual as a tool of production to a person with inherent rights was taken one step further with the adoption of individual citizenship status within the EU. Citizenship within the EU occurred as a result of the Treaty on the European Union (hereinafter TEU), commonly called the Maastricht Treaty, signed in February 1992 and entered into force on November 1, 1993. The Treaty provides:and…Every citizen of the Union shall have the right to move and reside freely within the territory of the Member States, subject to the limitations and conditions laid down in this Treaty and by the measures adopted to give it effect.While taking thirty-five (35) years to recognize by Treaty the inclusion within the concept of free movement of tools of production, EU citizenship, various efforts moving in that direction occurred during and after this extended transition period. One of the events came three (3) years after the adoption of the SEA with the Charter of Fundamental Social Rights for Workers (hereinafter the Social Charter) in 1989.The Social Charter was initially promoted in 1988 by then EC Commission President Jacques Delors to ensure that workers in the EC would benefit as much as employers from a fully functioning single market.
Two approaches to strategy have been discussed to elucidate the process of strategy development. As the purpose of the strategy in business is important and cannot be overemphasized, so much more is the process by which strategy is developed and identified. A manager must always deal with the four components of a strategy as identified by Crossan et al. (2002), and these are the goals, product market focus, value propositions, and core activities. How the manager tackles these four components in order to craft a strategy that aims to deliver the company bottom line represents how he approaches strategy development. Accordingly, there are many arguments about how strategy should be developed. Crossan et al (2002) observed two contentious issues surrounding strategy formulation, and these are whether strategy should be approached clinically, as in a well defined, analytical process, or experientially, as in trial and error process guided by a set of patterns from past experiences. Crossan et al (2002) referred to these approaches as intended strategy referring to the former, and emergent strategy referring to the latter.It operates with some sort of precision to everything that it does, guided by rules and policies, and where decisions are centrally made by a select few. One can naturally expect that in organizations engaging in a planned approach to strategy, there is no room for spontaneous action and innovation, guided by creativity and out-of-the-box thinking. As has been discussed, Mintzberg (1998, cited by Crossan et al., 2002) has been mentioned to have seen problems in the operationalization of planned strategies.
Though I cannot claim to have been a cultural ambassador of sorts, it was nonetheless an enjoyable experience for me to serve as the bridge between two countries. As would be evident from the paper, my internship had lots of extracurricular activities that enriched my stay in Baku.My internship experience was done with an objective to further my understanding of the energy sector and refine my knowledge learned in college with real-life experience. Towards this end, I applied to many companies that were in the process of hiring interns. I specifically wanted to apply for companies that had an overseas presence as I felt that this was ideal for me to get a good grasp of what the industry was like abroad and how I could apply my learning’s from college to the internship. It was a two-way process that needed facilitation from both ends. From my side, I had to do a good job of seeking out fresh ideas and perspectives and from the employer’s perspective. they had to ensure that my internship was beneficial to their business objectives. Thus, it was a win-win situation for all concerned, provided both sides stuck to the objectives of the internship.After I was placed as an intern, I drew up a course of action with the manager who I would report to during the course of my internship. We agreed on some goals and objectives that were to be reviewed periodically and marked for completion as well as implementation. In the course of the discussion, we came up with several additional items apart from what was stated in the internship job description. These included things like the cultural exchange program in which I was toplay a prominent part. Further, the manager also wanted me to learn some software skills so that I could be of use in the up-gradation of their company’s website.
Also, the company will find it easier to delegate duties easily and in a more organized manner. This however can have a few issues. The shareholders/ investors can have problems deciding whether or not to invest in the company as there are several products thus consolidation of the information at a higher level can be an issue. This structure of the organization has more number of benefits than drawbacks. The figure below gives a clearer view of the structure (Open Learning Foundation, 1996).b) Geographical / Territory Structure: This is a grouping based on the location where the service is most effective. Most companies that deal with repair and maintenance generally used this model of organizational structure. This is mostly to ensure that the issues faced by the customers are resolved at the earliest (Buchanan and Huczynski, 2004, p479).This is very beneficial as already mentioned for organizations that deal with repairs and maintenance services. Ideally, organizations like AAA (Car repairs), will fall into this category. This is because the main importance is given to the rapid delivery of service. However, the drawback, as the structure is focused on geographical locations, hence it requires more investments and the cost of operations also increases. The overall overheads of the company also proved to be higher than those in other structures (Dale, 2001).a) Product Structure: The best example of this type of organization is Amazon.com. This is because amazon.com deals with numerous products, if the structure is subdivided as per the products then the operations become much easier and more effective. However, if the business is designed based on other structures, then the company will have issues based on effectiveness. This is simply because the company deals with several different products that require proper planning and separate operations overall.
An impressive portfolio along with a good resume can increase the prospect of an applicant or job seeker to conquer heights of professional achievement. As far as the insurance field is concerned, one can rise to eminence if only one has good communication skills and if one is able to maintain effective business correspondence with the clients and the employer through effective e-mails, various types of letters, memos and press releases. By arresting the attention of the company/client through a systematically prepared portfolio, the applicant gets a chance to prove that he/she is the perfect fit for the job. As the past work one has done is considered as the best indicator of future performance, a hiring manager really cares about what the applicant can do for them in the future. In an interview, the examples of one’s work turn the interview into an opportunity to show where one excels and it provides a concrete opportunity for the employer to look for what he really expects from the applicant. A portfolio which is systematically prepared could just give one the edge, and one may get the first offer. To prepare an excellent portfolio, one must concentrate on the following points. It must include a copy of the applicant’s master resume to show the level of one’s skills, base and breadth of one’s experiences in the field. Moreover, it must be pointed out that the applicant possesses lots of untapped potentials which distinguish him from the rest of the people being interviewed.The next point that must be considered is whether the applicant is capable of setting real examples or representative samples of his/her past works, which clearly show one’s level of skill and quality. For instance, a person who has previously worked in an insurance company or a bank can include samples of memos, e-mails, reply letters, request letters, negative message letters, sales letters and press releases in his/ her portfolio.
Matthew Lynn has commented that Tiger Woods sponsors should forgive and forget. It seems difficult to make a straightway declaration that Tiger Woods should be forgiven and his sponsors should forget the scandal of marital infidelity in which he was embroiled. Big corporations like AT T Inc. and Accenture Plc have taken back their products’ ambassadorship, as they assume that the man — Tiger Woods – is no more a man of clean, family-man image.One feels like going with the statement of Lynn that like other celebrities like Kate Moss and Rolling Stone, Tiger Woods will return back to the limelight, celebrities are associated. Brand ambassadors are men and women of human follies. they are not superhumans who cannot commit wrongs. What needs to be valued in a celebrity is the power to take the audiences along with what they are renowned for doing perfectly. A sports celebrity like Tiger woods should be valued for the perfection in the profession he or she practices, not what is happening in his personal life or for that matter in the personal lives of such celebrities.What is important to understand is that public life and personal life are two facets of a celebrity. What happens in a celebrity’s personal life can affect the celebrity’s professional performance. Everybody desires a neat and clean and peaceful family life. If Tiger Woods has not been up to those standards, it is a personal affair of his. Too much hype is given to the issue because of too much interference in the personal life of Woods by the media for selling its own business.Sponsors like media also share the common purpose of promoting their business. That’s why they engage in high profile celebrities because of their success in professional spheres. To err is human and it is just humane to commit errors, which Woods has committed by being an unfaithful husband and presenting a wrong ideal to his fans and admirers. His supporter rating should go down.
Those who believe that current financials statements are not reflective of the proper means assessing the success of the companies argue that successful business is basically based on quantitative results, which may include profit, key financials ratios (liquidity, debt, working capital, and investor ratios) which are all based on quantitative information of the financial statements. They argue although the quantitative results are covered by international financial reporting standards and the Auditors are duty-bound to ensure that the presented finical statements provided a fair view of the financial position of the companies’ results in all material aspects, the concept of success of business must also consider the total effect of business activities including the issue on the environment which has become a global concern for many countries. To sustain the concept of success of the business in terms of economic and social criteria without dealing with considering the environment is to miss what is natural. Without a sustainable environment under which businesses operate, companies cannot talk or even aim sustainability in its operations, and to forget sustainability is to forget long-term profitability that would guarantee justified returns for investors.Thus proponents for environmental concern posits that the success of companies’ activities, which is based on qualitative information brought about by changes in perspectives of the reasons why companies exist, not just the profit motive but must also be seen to be conscious of the environment in which they operate- taking corporate social responsibilities (CSR) of their operations. Indeed, one of the key elements of CSR is the environments in which companies operate.Almost all governments of the world have recognized the need to sustain the environment brought about the issues of global warming and unusual geological phenomena like the flooding, pollution caused by the use of the present form of energy.
ced the republication and distribution of Quicken software products, under a license agreement with the US Company Intuit, has helped the organization to grow rapidly. By using this facility, a user can speed up the process of data entry and do the mathematical works with accuracy. It can also be used for the creation of charts, reports, and graphs.Quicken has revolutionized the processing of business and personal financial transactions of an organization by its wide range of utility. Quicken provides online backup to its customers and supports the process of accessing one’s financial data from remote locations. Online services are made available to customers who have a license agreement with Quicken. Access to online services are made through the use of the PIN vault. This helps the user to store their own designated PIN and password for multiple financial institutions in one place, with a valid password created to access his or her own account information.Quicken is not liable for any loss or damages of any sort incurred as a result of misdealing with any services provided by the financial institution or another third party. The customers are also limited to the extent that they can access only those financial institutions, which are currently function with Quicken Software.Today Quicken possesses more than 17 million valued customers and it will not be an exaggeration to say that the growth in the usage of Quicken is at a faster rate than any other financial software like Microsoft money. Quicken software provides much more added features and advantages like portfolio management and analysis, morning star rating, transaction search – all screen, expandable register, attached electronic images. It can be used to convert reports to PDFs, edit reports once customized. Quicken products are compatible with institutions from multi-million dollar corporations to a small private owned entrepreneur alike. In order to meet the fast-growing demand for Quicken software the company is trying to improve the quality of existing products and create more products and services to compete with the modernization of technologies.
In sole proprietorships, if the business suffers a huge amount of dues which cannot be recovered from revenue, the owner will be personally liable for paying the entire amount. On the flip side, if proprietor possesses unpaid dues, the creditors can even realize those from the business assets (McGuire, Woods McLean, n.d.). Income tax: Sole proprietorship business is a taxable unit. In this business form, there is little opportunity for tax planning, as the owner is completely liable to pay all the taxes derived through income (McGuire, Woods McLean, n.d.). Longevity or continuity of the organization: The longevity of sole proprietorship business depends largely on the existence of its owner (Beatty, Samuelson Bredeson, 2012). Control: In a sole proprietorship, the business owner has the entire control over the resources and business decisions which is a significant advantage of a sole proprietorship (AllBusiness, 2007). Profit retention: The other advantage of sole proprietorship business is that it allows the business owner to enjoy complete profit retention (McGuire, Woods McLean, n.d.).Location: The sole proprietorship business needs to get registered with the location i.e. the place where the business intends to operate its functions. Sole proprietorship necessitates gaining permits or licenses from the state government (McGuire, Woods McLean, n.d.).Convenience or burden: Sole proprietorship businessis quite easy to set-up with minimum capital. however, it significantly depends on the financial ability of the proprietor (McGuire, Woods McLean, n.d.). General Partnership General partnership is the second type of organizational form which denotes business relationship between individuals forming independent organization through mutual contracts. Liability: Liability is an advantage in general partnership because each business associates are mutually and individually responsible for every facet of the business including profit/loss or major decisions (McGuire, Woods McLean, n.d.). Income taxes: Similar to a sole proprietorship, general partnership organizational form has a single level of taxation. This type of business does not fall under the taxable unit, rather it is considered as a tax reporting unit (McGuire, Woods McLean, n.d.). Longevity or continuity of the organization: Longevity is a significant disadvantage of a general partnership. There is supposed to be a specific time duration for the term of a general partnership. The longevity of the general partnership depends on the contract. Whenever a partner is discharged from the contract, the other existing partners can take over the vacant place or they can even decide to wind-up the complete business (McGuire, Woods McLean, n.d.). Control: Each business associates possess an equal level of control on business decisions (McGuire, Woods McLean, n.d.). Profit retention: Business associates share the gross profits in between themselves and are taxed independently (McGuire, Woods McLean, n.d.). Location: The taxation in general partnership relies on the location of the principal regulation where revenue has been generated (Beatty, Samuelson Bredeson, 2012).
In the classical view, profits are said to arise either as rewards for risk-taking or due to the imperfections in the economy or as a reward for innovations (Dean 1977, pp. 5 – 9). These factors are briefly explained below:Rewards for risk-taking: Instead of keeping his capital in a risk-free investment like government bonds (which offer high security but minimum returns by way of interest or appreciation), an entrepreneur uses capital, both owned and borrowed, to set up a venture and offers a product or service to the market. He thus takes risks and is prepared to accept as his share of the (monetary) value of the enterprise activities, after all, costsImperfections in the economy: According to this view, profits arise due to ‘…the imperfections in the adjustment of the economy to change’ (Dean 1977, p.8). Changes occur due to competitive market conditions – supplies or suppliers increase. prices rise or fall. newer products or technologies pose challenges to the existing ones, etc. There is a time lag between the occurrence of a change and the return of the market to competitive position or equilibrium, and it is during this time of absorbing the change that profits accrue.The reward for innovation: In this third view on profits, it is stated that profits are what the entrepreneur is entitled to, for putting his business ideas into practice by organizing the activities for realizing the innovation. His innovation upsets the market equilibrium and continues to give him profits until the equilibrium is restored or till such time as he is able to create barriers preventing others to follow him through intellectual and other property rights, such as patents, trademarks, and secret formulas.Michael Porter views the activities of a firm as a ‘value chain’. To the seller, the net balance left in the value chain after providing for all costs of the activities is his margin.
The distribution strategy of Morrison is quite unique among the other retail players within the UK market. It is the only largest retail chain supermarket that owns and operates healthy and fresh food production and processing facilities. The organization has implemented a vertically integrated distribution operation in the food category. This vertically integrated operation has helped Morrison to produce, distribute and retail enormous bulk of its fresh and unsullied meat and dairy requirements (Doole and Lowe, 2005, p.131). Moreover, this distribution structure helps the organization to process and package the fresh vegetables and fruits effectively. The organization has expanded and strengthens its manufacturing and distribution infrastructure in the fiscal year 2006 (Ruddick, 2013, p.1). In terms of manufacturing, Morison has expanded its in-house baking effectively and capacity by acquiring Rathbone’s 80% stake. The abattoir operation of Morrison was started to expand in the year 2005 by acquiring the second facility in Scotland. The organization also has extended fruit processing and packing facility in Northamptonshire. Moreover, the organization has introduced a new warehouse in Rushden in order to package the vegetables. The organization has opened a fresh and new regional dedicated distribution centre at Kettering in the year 2005 (Furrer, 2010, p.233). It was estimated that this centre may save almost 70 nearby stores in the UK. The global recession and European financial crisis in 2008 have affected the international distribution and logistics structure of Morrison. Moreover, several unfavourable reasons have resulted in a fall in sales (Plunkett, 2009, p.49). Despite an extra trading date in the year 2011, the organization has reported a 2.5pc sales drop. It is feasible that, the organization has implemented a vertical integration strategy in their distribution channel (Mangan, Lalwani and Butcher, 2008, p.130). The major concern for Morrison is that the sales figure has declined since Christmas, whereas the other competitors, such as Sainsbury and Tesco have performed relatively well compared to Morrison. According to Philips, limited numbers of convenience stores is affecting the business performance of Morrison. The organization has only 12 convenience stores. On the other hand, the other large competitors of Morrison have a strong presence in the UK grocery retail market with numerous existing convenience stores. It is indicating that the organization has limited access to the growing division of the international grocery retail market. It is expected that, the organization may face several difficulties if they try to introduce new convenience stores in near future. According to Morrison, selling the grocery food products and vegetables through convenience store will be costly comparing to the selling food products in traditional supermarket. Therefore, it is feasible that, the limited number of convenience store is hurting the sales of the organization. On the other hand it is affecting less to the business profit margins of Morrison. Moreover, the shareholders of Morrison are backing this particular old traditional sales strategy. The declined Christmas sales figure may create huge threat for the future perspective of Morrison.The organization is still utilizing the supermarket chain model in order to sell their products. It is discussed earlier that, this strategy may maximize the business profit but cannot increase the market share.
Singapore is categorized as a connector hub within the East Asian or Southeast Asian area, with a prominent number of relations to metropolis in other regions. Singapore’s position as an International Maritime Centre (IMC) is built upon its status as a global maritime hub (Leading International Maritime Centre 2009). It is the plan of the Maritime and Port Authority of Singapore (MPA) (Leading International Maritime Centre 2009) to make a central group of operators and maritime services suppliers in order to put up business in Singapore. The country’s reward as a global hub to financier and the business community has been accepted by government and various other higher authorities. So as to carry varied business desires of activities within the broad series of maritime sectors, the government has formed a pro-businessenvironment, which would encourage in incorporating and growing businesses. The country is continuously re-inventing itself as a hub. In Singapore, a maritime hub provides the chance to develop strengths in new areas that operate outside the realm of the conventional role a port plays. It contains ship insurance, ship financing and a variety of auxiliary events that the shipping industry depends on. This diversification will grant the country with better flexibility to accept uncertainties and fast variations in the maritime industry.
Here the story is emotionally built with an underlying theme of lack of honesty in relationship of the characters. (Thesis) Discussing the Theme When looking at the novel from the perspective of honesty ,we can observe that the characters in the novel has nurtured corrupted ethical principles. None in the story except George has complied on honesty and all of them keep liaison with someone else’s husband or wife. Generally speaking, honesty is the most important aspect in any relationship and in its absence relationship decay and falls out to be absurd. The story exclusively enhances the dishonesty and infidelity among the characters and it has been projected by the author that in absence of honesty human life leads to fatalistic future. Analysis of honesty in novel Honesty is a moral element in human life and relationships and without it personal life of an individual is disastrous. In this story, the first narrator Nick has not been honest in detailing the plot as he is favorable to Gatsby and his dishonest character. Nick knew Gatsby has affection for Daisy and still he manages to arrange a get together for both Gatsby and Daisy .This dishonesty portrayed by Nick allows Gatsby and Daisy to start an affair which culminates all the characters in the story to violence and disaster. Here the story overall is based on dishonesty of the narrator himself to all the characters in the novel. Nick is even a reason for the re- unification of Gatsby and daisy which is pathetic. Nick is aware that Gatsby is an illegal business man and despite this fact, he admires him, which in its very essence is a dishonest feeling. Apart from this he pushed Gatsby into more evil deed by connecting him with his married cousin Daisy. If he had been an honest man he would have kept himself aloof from Gatsby and would not have taken initiative to connect latter and Daisy. Also Nick himself has a lover in this novel with whom he is less honest. This fact is evident in the end where he abandons her and leaves for America. Here the narrator himself is depicting dishonesty which very well justify the theme of the novel. Gatsby and his honesty Gatsby in the introduction of the novel itself is projected as a dishonest wealthy man. The only honest element in his character is the fidelity he maintains regarding his love life. He honestly loves Daisy and is longing to be with her despite knowing her marital status. However here too we can see that he is urging for a woman who is married which has a shade of dishonesty in it. He further with the help of Nick courts with her which is an attribute parallel with the theme of the novel. He commits more of dishonesty when he keeps relationship with someone else’s wife. Here even he gets killed for the illegal and dishonest way of his living. Daisy’s dishonesty Daisy in this story had an affair with Gatsby in the early days of their life. However she gets married to Tom who is a wealthy man and leads a comfortable married life, even though without her knowledge her husband is leading a double life. Tom has a mistress and Daisy is unaware of this fact .But when she meets Gatsby
Legislation to help rebuild the South had to be drafted. The first two conditions were set into motion, the last two never came to a realization.The 1876 Presidential Election between Rutherford B. Hayes and Samuel J. Tilden occurred eleven years after the American Civil War. Reconstruction was winding down. The North and the South were tiring of Reconstruction. The spoils of war had already been plundered, making the Carpetbaggers, Union soldiers, and Northerners eager to head home. The Southerners were sick of the Northerner’s interference in local matters. So when the 1876 Presidential Election resulted in an electoral vote of 185 to 184 favoring Hayes, but a popular vote of 4,034,311 to 4,288,546 in favor of Tilden, an opportunity to end Reconstruction presented itself (Robinson, 123). A look at both candidate’s views and affiliations can explain the dilemma and its resolution.Rutherford B. Hayes was the Republican nominee for the 1876 Presidential election. He was nominated by the Republicans for several reasons. The first as the former Governor of Ohio, Hayes came from a strategic electoral state (Johnson, 264). Hayes was a typical Republican candidate at the time, which meant he was very conservative. His campaign promised reform, punishment for corrupt officials, and even gave a nod toward the woman’s rights advocates (Johnson, 264). Otherwise, Hayes represented the normal Republican interests, like promoting business and other conservative issues.After the Civil War, the Republicans received a reputation for corruption. The North had crushed the Southern rebellion but at a high cost. This cost was not only measured monetarily but in human casualties as well. After Abraham Lincolns assassination, Andrew Johnson became president. Although Andrew Johnson tried to ease the Reconstruction period for both the Northerners and Southerners, Radical Republicans wanted more.
I will introduce some breakthrough products that have shaped Apple reputation for being a very paragon of innovation. Then, from various articles of reputable magazines such as Times, Business Week and The Economist, as well as interviews with Steve Jobs, I will try to collate the picture of the processes in this highly secretive, creative company which demonstrate innovation at work within Apple. By linking a few concepts we learn about innovation, I will link these concepts into what Apple has done for years in order for us to look at the company’s examples on how we can apply innovation and new product development in our future careers as marketers. Now let me begin by introducing the Apple, Inc.Apple II computer. Remember? We are too young to remember it. maybe most of us are not yet born then. It was in 1977 when the large-scale-production was created (Grossman)–this was the Apple II in an 8-bit architecture. After seven years, in 1984 Apple, Inc. had introduced the Macintosh, the original Mac, which pioneered the graphical user interface (Grossman)–the start of the revolution of consumer gadgetry and electronics. Macintosh has been described as a boxy little guy with a winning smile icon on its nine-inch monochrome screen (Levy). However, when Macintosh failed to perform as had been expected, when he was asked to change the features and he refused, he was forced to leave the company in 1985 (Burrows).When he left, Apple, Inc. became stagnant. Four years after he went back to take charge of the company, Apple was back to dazzle the global market of consumer electronics with the introduction of the iPod (Grossman). We’re all familiar of the iPod, arent we? But the original iPod has changed a lot, and with generations of iPods, the new iPods can now handle photo and video as well (Apple.com). By the way, as most of you may already know, the new iPod Nano, thin as a pencil, is also capable of video recording (Apple.com). So much has changed.
The untimely death of this type of fund was precipitated by the many cases of abuse of salespersons and their companies as well as crackdowns on this type of market. One major reason for the demise of the fund market is the loss o fifty percent on the investment infused during the first year of the fund contract. Further, many faithful investors in the fund do not recover their initial investments. Also, enrolled members who do not finish the twenty-year monthly installments and withdraw their money have to pay large sums of money in terms of service and other fees to First Command. In response, the chief executive of First Command maintains that the soldier has the freedom to choose whether to save in contractual investment plans or to spend their money and end up with nothing at all at his ripe old age of retirement.First Command, a company selling mutual funds to its military officers and men, has been on the news for violation of regulatory issues such as its sales strategy of using former high ranking military officers to market the First Command products. First, First Command, just like some competitors in the mutual fund and insurance market, are using questionable sales strategies to sell insurance and investments (like mutual funds) that the military personnel does not really need. Second, the military leaders fear that the sales tactics of First Command border on abuse for private profit the blind obedience, loyalty, and trust that is being taught to soldier in the military training schools.Third, First Command violates many sections of the Defense Department Directive 1344.7. Fourth, many insurance specialists stated that the First Command insurance and mutual fund investment policies should be targeted at knowledgeable long term investors who have plenty of idle funds to spare. Fifth, the First Command policy salesperson does not explain the true nature of their business. Sixth, First Command violated the Securities and Exchange Act of 1933.
Stemming from such an honourable and imperative circumstance, the Army’s Guard Program is perceived as the most viable solution for such a serious condition. However, the Program has generated some concerns which basically question the reliability of the process with which the entire program is being implemented. And it is these concerns that serve as the primordial impetus for Government Accountability Office (GAO) to study, assess and come up with the report – GAO -06- 284 Contract Security Guards: Army’s Guard Program Requires Greater Oversight and Reassessment of Acquisition Approach – regarding their findings pertinent to the implementation of the Army’s Guard Program.GAO-06-284 has found out that 46 out of the 57 installations have guards obtained under the 8(a) sole-source contract (p 3, 10) while the remaining 11 installations have been acquired through competed contracts. Under the US Small Business (SBA) policy and regulation, the SBA’s 8 (a) Business Development Program gives a special advantage to 8 (a) Alaska Native Corporation (ANC) firms following a mandate from the Congress. This finding becomes more significant as two of the four contractors providing security guards are from 8(a) ANC and that they have been awarded contracts totalling to almost $495 million (p 9) which is the bulk of its contract guards. This move of the Army is questioned on two grounds: First, why opt for a sole-source contract when in fact General Services Administration (GSA) is faster and less costly than the former? And second, there is an anomalous finding in the selection. GAO has found out that the Army has hired an inexperienced contractor (p 9). This put to the fore the inquiry why not go for open and full competition in the selection of contractors rather than be limited with just the 8(a)sole-source contract.It is known fact that a full and open competition creates a competitive environment that affords the possibility for – lower prices, better services, and more options for picking the right, more experienced service, in this case, protection provider.
The industry chosen happens to be hospitality. luxury hotels to be more specific. The three companies chosen are Burj Al Arab, Al Qasr and Shangri-La Hotel (Kotler, 2001). Mission Statement Burj Al Arab To be the most deluxe hotel in the world, with a team of dedicated to provide outstanding personalized services, surpassing expectations of the guests by providing the ultimate Arabian hospitality experience. Al Qasr Can do attitude towards all its guests Shangri-La Hotel To delight the guests every time by developing an engaging experience straight from the heart. Comparison Although there are certain differences in all the three mission statements mentioned above, there is one common factor among all of them. All the three companies have put the customers as the main focal point of the mission statement. Hence while considering the part: for whom exactly the company does it. there are lots of similarities. While considering the fact what the company does. it can be seen the mission statement of Burj Al Arab is the most clear and concise. Also while considering the fact of how a company does it. Burj Al Arab would be ahead of the other three as the hotel has mentioned about providing personalized experience through dedicated and experienced team. Evaluation and Critique The mission statements have been analyzed based on the clarity, scope and consistency. It has also been checked whether it has been able to answer all the three questions discussed before in a clear and concise fashion. The mission statement of Burj Al Arab is very much clear. It talks about the target market segment clearly, about the services to be offered and also about the way the services would be delivered to the customers. One of the most interesting things about the mission statement has been the fact that it mentions about the Arabian Experience. i.e. the organizations looks to introduce the guests to the native cultural heritage. The only criticism could be that the mission statement is a bit too long. But overall, a part of the small issue regarding the length, the statement is very much clear, concise and reflects the values and objectives of the company (Czinzota, Ronkainen, Moffett, Marinova Marinov, 2009) Although just like Burj Al Arab, Al-Qasr is also a very famous hotel. but unlike Burj Al Arab, the later does not have a clear business statement. Although the company talks about ht target market segment, but it does not talk about the way the company looks to provide the services. Hence it is to be said that there is a lot of room for improvement at least in the case of mission statement of Al-Qasr. The mission statement of Shangri-La Hotel is quite good. It is clear and concise. It has put the customers or the guests at the heart of the statement and also it talks about providing services straight from the heart. this would helps the company to develop an emotional relationship with the customers. However, it is believed that there is room for improvement when it comes to describing the way the services would be delivered to the customers. what a company does how does the company do it for whom exactly the company does it Burj Al Arab 5 5 5 Al Qasr 1 1 3 Shangri-La Hotel 4 4 4 Mission Statement of the proposed company The name of the company has been chosen as Arabian Nights. The reasons for such a choice is simply due to the fact that. Arabian night’
Unification Church of South KoreaMembers of the church have sometimes been referred to as Moonies a term they view as derogatory, and as seen below the church has had both its moments of praise and moments of controversy and investigations by the government. The church in the 1980s grew rapidly and the founder of the church Sun Moon grew very wealthy as it began to invest in ventures outside of the church one notable one being the Washington Times magazine which the church wholly owns and operates. By 1981 the church had grown beyond its home country South Korea and had applied for recognition as a religion in USA and therefore receives tax exemption status. The US government however turned down their application due to their involvement in none religious issues such as supporting Richard Nixon when he was a presidential candidate (Knight, 2003). Moon had also been an ardent supporter of Nixon during the Watergate Scandal and had even sponsored posters that showed his support in 1979 making the church seem politically motivated. These activities are what led to its application being denied and in 1982 Sun moon was arrested on charges of tax evasion charges. Moon was convicted and sentenced to 18 months in prison and to pay a fine of twenty five thousand dollars. he however did not start serving his term until 1984. The unification church received some respite as members of the religious community felt that it was being persecuted unnecessarily by the government as well as the fact that other church leaders also helped as they realized that they too could be in the situation that Moon was in if a religious leader could be jailed over tax charges. Moon Sun also won many converts while in prison as he earned appraisal for being hardworking and empathetic towards the plight of others. Moon only served 11 months of his sentence and once out was desperate to change the image his church had formed of itself although not completely successful. Due to the church being a branch of Christianity, it was viewed by many preachers as a threat to their own churches and the more established denominations. The church was also accused of brainwashing its members and was labeled a cult (Lippy, 2002). As the church underwent its rebranding it changed its focus of converts leaning towards people who were former military officers the thought behind this was that given the strong attachment US citizen have for their army, people with military experience would be more credible as preachers. Members of the church were also noted for their pursuing of advanced degrees and this was seen to make the church have more appeal as it had an enlightened congregation. One reason that has been pointed out by critics of the church for the constant involvement in business is to slowly attract people who they hire into the congregation With its growth, the Moonies religious teachings began to be more liberal and laws regarding marriage and alcoholic consumption were eased. When the church began it was rare to see a woman dating or married to a man who was not from the church. however with their growth in numbers it became a common feature to find women engaged or even married to men who were not members. In the previous decades alcohol consumption had also been disapproved by the church so much so that members would not venture into bars, however by the mid-80s they could be seen imbibing mineral
The aims of the group can be difficult to ascertain, but include raising awareness of the problems of society, a system for more equal distribution of finances, the creation of better jobs and a reform in the way that banks and the government interact . Discussion is ever present as to how realistic these goals are. How much can the current situation be changed before the poor are actually hurt in the process. Certainly, not all big business works against consumers and those that need help. Many actively support people on low incomes, either through the creation of jobs, donating to charities or other factors. It cannot be denied that corporations are still taxed. The question remains though, is the taxation of businesses, especially large ones, high enough when their earnings are considered. Many Wall Street protesters argue that they are not . Protests have spread across the nation as well as worldwide from this initial seed. Places that have seen occupation by protestors include: the United States, Europe, Germany, Malaysia, South Korea and New Zealand . While these sister movements are widespread and strong in numbers, the question remains, how well do they understand the original movement, and how effective are they? Occupy Norfolk is one such sister movement. It is based in Harbor Park, which is owned by the city. The movement has been active for more than a month, and around 30 protesters occupy the site 24/7. Support for the movement is not limited to the physical presence, with more than 4,000 supporter on Facebook and many detailed online discussions . For the Occupy Norfolk protestors, many questions remain. What to the protestors hope to accomplish and how do they plan on doing this? The answer simply appears to be, they don’t know. The basic aim of the movement in Norfolk appears to be to support, in a non-confrontational manner, the Occupy Wall Street protest in New York. While the group participated in ideas and discussion, they made it clear that their opinions did not necessarily represent that of the wider group. What then was the point? Protestors agreed that their presence should facilitate discussion, yet they appear ill-informed of the opinions and facts that initially sparked the Wall Street Protests. In terms of solutions, many protestors believed that they should neither offer nor create any solutions, their role was simply to spark discussion . By this paradoxical logic, the protestors hope to facilitate discussion, although they are not clear on many points of this, but consider that it should not lead to any resolutions or changes. Rather, it is the process of discussion itself that the Norfolk group appears to be interested in. Indeed, many of the protestors criticize movements such as Tea Parties, for providing solutions. For the protestors at Norfolk, one of the overriding opinions is that corporations are corrupt non-human entities that promote greed and wealth to only a small sector, representing the 1% in many slogans. The ironies are clear when watching the protestors. Although they are angry at the current system, they have thought little about what benefits it offers to the 99%, how it has helped society and helped to reduce human need. Anger against corporations was also ill represented by the behavior of the protesters themselves. Many wore branded clothing, drove expensive
Generally, research can be carried out by listening to the consumers, questioning the consumers and the company people, preparing a questionnaire and getting it answered from the consumers, analyzing surveys, and interpreting the reports of concerned companies. Analyzing quantitative and qualitative data is often the topic of advanced research and evaluation methods courses.To study the cola-war, the best sources are the Newspapers and advertisements visible in all types of media. Business journals are the other reliable sources of insight into the strategic moves of the cola companies. We live in an environment where we cannot remain untouched with the feelings for a company or brand. Therefore our own experience and assessment will form the part of resources.The Cola war is indeed a copybook depiction of one of the most interesting and stiff competitive environment in the soft drinks industry. Coca-Cola originated as a soda fountain beverage in 1886, selling for five cents per glass. The first year of operation ended with the figures of $50 worth of sales Vs the production cost of $70 i.e. a net loss of $20. During this journey of more than century the company has seen many ups and downs to become one of the world-famous brands. The market started knowing the brand ‘Coca-Cola’ only after the start of bottling systems. Over the years the Coca-Cola bottling system has grown up with roots deeply planted in local communities. This heritage serves the Company well today as consumers seek brands that honor local identity and the distinctiveness of local markets.It was on August 28, 1898, that Pepsi-Cola, the name was used for the first time by Caleb Bradham, a New Bern, North Carolina pharmacist, when he renamed Brads Drink, a carbonated soft drink created by him to serve his drugstores fountain customers. Subsequently, he patented Pepsi-Cola in 1902. The competition or Cola-War dates back to the early 20th century.
This paper examines the globalization process undertaken by various businesses in the process of their growth and expansion. It focuses on the Mexican business environment, showing its potential as being the best environment for international business growth and expansion.Businesses have different motivations for deciding to venture into global markets. many of them are often motivated by the need to exploit the existing market. In this case, the business has a mandate to introduce its products to the new market and use various approaches to create a client base.In many instances, the decision to go global is often motivated by the vision and mission statements of a business organization, including its goals and objectives (Lazo 2011, 17). However, the capacity of the business to achieve its goals and objectives depends on different elements in the international business environment.In light of this understanding, a business must consider how the international environment affects its internationalization decisions and its overall goals and objectives. Other factors that influence this decision are the ability to access different markets, resources as well as the need to reduce operating costsOne of the most important approaches to understanding the business environment is conducting a scan. Business environment scanning enables businesses to identify various factors in both environments that can enhance the achievement of their set goals and objectives. This assessment identifies the areas of strength and weaknesses that the business has to keep in check in the course of its operations.Business executives are to ensure that they use the best strategies in identifying various factors in their environment that can affect their operations positively and negatively. Business environment analysis plays an important role in guiding the decision of business executives in their internationalization processes.
The constitution divides the government into three parts comprising of the Judiciary, Executive and Legislative. The three arms of government rule over the country while performing different purposes. A core function of the constitution is protecting against the rule of tyranny. Tyranny defines a state where one individual exercises excessive abuse of power.Before the proclamation of the constitution in the country, there was the rule through the Articles of Confederation. It took 55 delegates amending the previous Articles of Confederation in Philadelphia in 1757 to form the new constitution. There are various ways which prevent the rise of tyranny in the current society, such as:Separation of PowersFeudalismChecks and BalancesEquality of Large and Small StatesSeparation of powers is a technique in preventing the growth of tyranny. The mandate separates powers into the three arms of the government. The essence of the division is equipping each branch of the government with equal power. The power-sharing creates a balance with each branch to avoid cases of one powerful branch. Each branch is separate from the other while holding a different purpose.For example, congress falls under the legislative branch. The branch holds various functions, such as to declare the nomination of the president. The president falls under the Executive branch. The supreme courts fall under the Judiciary with the mandate of interpreting and applying laws. Each branch has its mandate. therefore, it prevents the cases of tyranny.The feudalism system is another technique given to prevent the growth of tyranny. A feudalistic state ensures a division of power between the ruling state and the subsequent smaller governments for other states. The essence of sharing power given between the two forms of government is for ensuring equality.For example, the central government is given a mandate over trade, declaration of war, drafting immigration laws, and foreign affairs. The small state governments also receive the powers to control over the setting of local governments, carrying out elections, making business regulations and establishment of educational facilities. However, both forms of government hold the same power in setting courts, enforcing laws, and other state functions. The feudalism system protects against the growth of tyranny.Checks and balances provide another system for the state. There are instances where one branch abuses its power. Therefore the other branches can keep it in check. The cases of excessive power become obsolete. A good example is with the congress and its mandate in approval of presidential nominations and impeachment of the president.However, the president holds powers given through congress in nominating judges. Another example is where the president is within their mandate to declare judges’ appointments, but the court is within its powers to declare unconstitutional presidential acts. The last example is where the court can declare the laws as unconstitutional, but the congress is within its powers to declare the impeachment of judges.How does the constitution guard against tyranny? These various techniques given ensure tyranny does not exist in our country. The lack of proclamation of the constitution would pave the way for a state of dictatorship to take over. Therefore, it is essential to understand the process leading to the formation of the government. Furthermore, there is a need to understand the functions of the state. The functions help in preventing cases of tyranny.
Companies may need to make strategic decisions on whether to buy a new building, new equipment, to extend the building a few floors up, or even to make major repairs on its buildings and factory sites. Also, capital investment involves both stock investments and bond contracts. Bond contracts are loans to creditors that are usually paid in monthly or quarterly installments.illiquidity? How should responsible business managers use these concepts? Is there a connection between them, and if so, what is this connection? Each of the two pairs of concepts is complementary–each pair forms a whole. And when we search for scientifically viable definitions of these basic concepts, we discover that a debtor who is illiquid is a debtor who is temporarily unable to pay his or her debts, whereas the insolvent debtor is permanently unable to pay his or her debts. Time is thus an element in the concepts. A problem of invisibility arises with regard to solvency/insolvency because the solvency or insolvency of business enterprises is not apparent in traditional financial statements, even though such statements claim to give a true and fair view. Consequently, traditional financial statements are worthless as a means of describing the financial position of business enterprises.(Kirdegaard, 1997, p.39)Using the time value of money approach, the total first-class airline tickets bought at $.1,300 less the flier discount of $200 would be translated to the following data below. The total tickets from year 1 to year 10 are $2,807,200 as indicated in the above computation. The present value of the $2,807,200 is $1,917,843. This is computed because the company has entered into a ten-year contract with the airline company resulting in a flier discount. The difference between the cost and present value is $889,357.04 or thirty-two percent (32) of the cost of ten-year contract tickets. This is the amount that the company will save if this alternative is chosen(Ross, 1996.p179-206).
Table of Contents 1.Introduction 4 2.The War for Talent 5 3.Factors affecting the War for Talent 6 4.Talent Management during Economic Downturns 7 4.1 Recruitment and Selection 8 4.2 Training and Development 9 4.3 Talent Retention 10 5.Conclusion 11 1. Introduction The war for talent has been as a result of an expanding global economy. This is because it has led to increased competition for talent around the globe. During times of slow economic growth or unusual economic crisis, management of talent remains a critical issue for organisations. This is because during such times, companies stand to lose valuable talents among their employees, if not careful. In order to succeed in the competitive global marketplace, organisations need to manage talent. Lockwood defines talent management as the application of systems created to improve productivity in the workplace or unified approaches by establishing better methods for inviting, cultivating, maintaining and deploying individuals with the essential skills and abilities to fulfil present and forthcoming business needs (2006). It is a fact that the greatest challenge companies’ face in managing their work force is developing and retaining talent. Just like the rest of the world, talent management is constantly progressing. Different other factors also come into play in the effort to manage talent within organisations. These include partnerships, global development, and the economy that is constantly changing (Lockwood, 2006). At the centre of talent management is the belief that talent begins from the bottom of organisations and is present in individuals at all levels, and therefore everyone ought to be considered. The war for talent is influenced by factors such as increased movement of people across the globe, irreversible changes to cultures, skills and business environments, economic and demographic trends across the globe, and diversity, which all lead to competition for labour and labour shortages in organisations. To counter this, especially during times of slow economic growth, organisations focus on recruiting top talent, training and developing talent, and retaining good employees as discussed in this paper. 2. The War for Talent The term ‘The War for Talent’ was created by McKinsey Company in 1997. During the time that this term came to being, many organisations had been experiencing the phenomenon associated with it, but they could not fully express it. According to Michaels, Handfield-Jones and Axelrod, the economy was burning white hot in the late 1990s and companies were scrambling to hire and retain the people they needed (2001, p. 1). During this time, organisations were offering substantial bonuses for those who signed contracts with them, highly qualifies employees were being headhunted before they even settled in their new jobs and majority of them were asking for salary increments barely three months after joining organisations (Michaels, Handfield-Jones and Axelrod, 2001). Companies experienced shortages for qualified employees to fill crucial positions, while those that were esteemed with such talents, such as consulting firms and
In the living room, LI sits at the laid table. The old lady dressed in a fuchsia plush robe pours tea into his cup.What a pickle! After all, these years of prompt and diligent taxpaying, medicine played such a dirty trick on me. But God has taken thought of me better than all those mean bastards in white coats and send you, sonny, to save me. I’m not going to turn you to cops, but you must promise not to wade into those dirty waters anymore.Oh, don’t sweat the small stuff! By the way, my son Steven could help you, I’ll talk to him. He has leverage in that Hollywood society. And remember, don’t ever mess with chancers like Harry. Enough miraculous resurrections for you.A budget restaurant of Chinese cuisine. Lunchtime. Here and there, clients entertain themselves with conversation while waiting for orders. LI sits at the table, gorging noodles and talking on the phone at the same time.Yeah, mom, Mrs. Nutter has turned to be a jewel of a woman! Helped me a lot with the job… Yeah, I know, it’s just a stand-in job for now, but it will give an opportunity to make acquaintances and move forward in the cinema business, you know.Meanwhile, a middle-aged waitress comes to the near-by table and start discussing something with the client, a young woman of no more than thirty, dressed in elegant neat clothes and displaying gracious manners. The woman is rummaging in her bag, obviously, trying to find something, yet failing. The conversation is starting to turn to caps lock voices.Here, take it. You may keep the change – buy yourself a bubble wrap roll. And, please, when you yell at somebody for the next time, don’t open your mouth that wide – I’m afraid you’ll devour the Earth like a black hole.The filming set in front of an old two-story building somewhere in New York. Numerous extra players wander around the set, an assistant director runs rampant among them, giving instructions. The DIRECTOR sits in his chair, trying to control the process and yelling every now and then. The atmosphere of commotion.
IBIS has reported that the fast food industry of Australia will grow at a rate of 3.7% per annum for next few years while there is a possibility dwindling spending capacity of consumers caused by economic recession might decrease the projected growth rate (IBIS World, 2012). Low entry of barrier is an important characteristic of Australian fast food industry. IBIS (2012) has reported that new entrants need to invest capital in the range of $90,000 up to $300,000 to set up fast food outlet in Australia. The analysis will try to determine the dynamics of the industry in terms of external environment, industry forces, competitor analysis and critical success factors. Major aim of the study is to analyze the Australian fast-food industry in terms of both internal and external environment. Major findings of the study can be explained in the following manner. Entry barrier for fast food industry in Australia is low. Companies need to launch low calorie fast foods to keep pace with changing consumer preference. Major recommendation for companies planning to enter fast food business in Australia are 1- use market development strategy in order to increase penetration and 2- use focus strategy to decrease risk factors. First section of the study will discuss brief introduction of fast foods industry in Australia, second portion of the study will analyze the fast-food industry in Australia in terms of PESTLE analysis, porter five force analyses contingency theory and critical success factors. Third section of the study will provide suitable recommendation to companies planning to enter in fast food business in Australia. B. Industry Analysis A snapshot of the fast food industry of Australian can be used in order to understand the underlying opportunities in the business environment of the country. Market Value Market Value Forecast Market Volume Market Volume Forecast Category Segmentation Market Competition Total market value of fast food industry in the country is more than $5,000 million. The market value will increase at growth rate of 2.5% and it will touch the mark $6,000 million within 2016. Total transaction recorded for the industry is recorded as $1,160.1 million for the year 2012. Market volume will decrease at a rate of 3% and it will touch the mark $1,130.1 million transactions within 2016. Restaurant business contributes 66% of total market value of the industry. 45% of market share is dominated by four big players such as Domino’s Pizza, McDonald’s, Hungry Jacks and Yum! Brands. (Source: Market Line, 2011) Market volume of Australian fast food industry has decreased by significant level in last two years. Compound Annual Growth Rate (CAGR) of the industry has decreased by 4.2% in last five years. PESTLE Analysis Henry (2008) has stated that PESTLE analysis is an important tool to analyse the macro environment of any country. Political Australian government has implemented carbon tax on companies operating in the country. High carbon tax rate imposed by government can increase the operating cost of fast food companies. Australian government also increased restriction on advertising for children hence fast-food companies need to be careful while designing advertisement for
The changes in recent years have led to questions of whether the strategy should continue or if policies and new controls should become implemented in the global environment that many are now a part of. Why Use Outsourcing? The growth of offshore outsourcing has taken place over recent years for a variety of reasons. Corporations have used this as the main strategy to assist with the growth of companies and to offer new approaches to human resources in various departments. The main reasons that companies are attracted to this begin with low labour costs. The human resource expectations are continuing to grow with technologies and advancements in corporations. Low labour costs allow corporations to continue to expand the operations that are associated with the company without paying the growing costs that are in the developed country. This is combined with benefits in finding a variety of skills and human resources that would not be available in other countries. Most in developing countries have a variety of skills as well as a work ethic that is based on offering the most conducive solutions to companies. By finding the right areas for training and development while looking into human resources at a lower cost, corporations are able to benefit with their business while continuing to grow in prospects for their company. The ability to combine cost-effective solutions and human resources are only two of a variety of factors that add to the strategy of offshore outsourcing. The popularity of outsourcing to other countries has also grown in recent years because of the theories of globalization that are associated with outsourcing. This is based on the ideologies of strategic management theory that are associated with outsourcing.This states that a business will be able to manage the offshore operations easily by opening various management components with the business. This makes it easier for the corporation to move into the region while establishing both offices and outlets that connect to those in the company. By doing this, companies are able to grow their human resources as well as the growth of the company in terms of getting noticed by those in the region. This allows the company to develop more consumers and to identify target markets overseas. The recognition of the company into overseas development then helps with the expansion of a business both in terms of human resources and consumption from the globalization that is building. In recent years, this has become an important component, as most corporations have the desire to become multinational and to create the needed approach to their expanding their business into offshore operations. How Service Providers Favor Businesses There is a difference between the trade of goods, as opposed to services that come from offshore outsourcing. This is essential for international trade because of what is offered in terms of training and development and how this affects the corporation. The products offered are usually established by a corporation that already has established a system and which requires the manufacturing of specific products. However, services require human resources and the establishment of professionals within the arena. This means that training and development need to be offered in the region. This also means that resources need to be provided to those in the region.
Fitch into BrazilSome foreign markets may appear attractive with good incentives and tax holidays, when the true condition on the ground is poor consumer behavior towards newly arriving products or businesses. Some may also depict law costs of production characterized by cheap power, raw materials, labor and transport, but with very high tax rates and strict laws for involvement in social corporate responsibilities. Since Abercrombie and Fitch is one of the multinational companies forecasting to open and expand new market in the rapidly growing and stabilizing Brazilian economy, it must first consider understanding various risks likely to occur in its foreign mission in Brazil. Risk of Foreign Currency on Operations of Abercrombie Fitch Foreign currency risks involve risks accruing from the periodical fluctuations in the value of the foreign currencies. One type of financial risk accruing from fluctuation in foreign currencies, and likely faced by Abercrombie and Fitch is the transaction risk (Mullineux, 1987). Exporters and importers are the likely business people to experience such risks, as they need to deal with different currencies to stamp their trading. The risks likely faced by exporters involves fall in the value of the local currency in the foreign market as at the time of product arrival and making of payment by the foreign importer. When this happens, the foreign importer will have to convert the payment in consistence with the prevailing transaction and not with initial value as at the time ordering for the product. This then translates into substantial profit for the importer and loss on the side of the exporter. To the importer, foreign exchange risk may occur when the foreign currency of the exporter gain value over the local currency as at the time of receiving goods and making payment. In this situation, the importer will have to more monetary value of the local currency to pay for the goods received (Mullineux Murinde, 2003). Under this situation, exporters tend to benefit from the extra payment resulted by flux in the value of currency as importer the individual importer make losses. However, importers may have other avenues to service such losses by passing the loss to the final consumer in the final pricing. This may only be possible if the importer has no competitors who also deal with same product, or when all the importers experienced similar impacts of currency fluctuations as at the time of importation. Another foreign currency risk likely faced by Abercrombie and Fitch in the course of doing business in a foreign country is the translation risks (Mullineux Murinde, 2003). A foreign company running its operations in another country usually records and recognizes its revenues in terms of its home currency. Challenge occurs during preparation and development of the company’s balance sheet that deliberates liabilities, capital and assets. In this process of balance sheet, the foreign company needs to express its financial values in terms of the local currency and not in its home currency. This result to unreal expressions in the financial report presented to the government of the host country for determination of tax margins. For example, Abercrombie and Fitch is an American multinational company that will denominate its proceeds in US dollars and not in Brazilian currency. When reporting its financial
According to the report, the change was made because of the impact of the restructuring and impairment charges, profits on the sale of a business, and charges in the fair value of derivative financial instruments. The nature of the business suggests that the Discounted Cash Flow Model is the best model to be used in determining target prices.Premier Foods PLC uses Discounted Cash Flow as the model for computing target prices. Basically, all forecasted values provided by the firm emanate from the aforementioned model. In 2005, the actual EPS of the company is valued at 34. This is further divided into continuing and discontinuing EPS. The former accumulated an EPS of 15 and the latter contributed 19 earnings for share. The figures, however, were changed because of IFRS rules. The EPS of the company was reduced to 33.7 with the continuing and discontinuing registering 14.9 and 18.8 EPS respectively. Based on the annual report (2005) the revisions in the IFRS have minimal impact on the revenues of the company. This is reflected in the unsubstantial reduction of the EPS after adopting IRFS regulations. The inclusion of IFRS will result in model changes and the Discounted Cash Flow Model appears to be a logical scheme.Reckitt Benckiser employs the Discounted Cash Flow as its model in ascertaining the price targets of the company. This is presented in the Annual Report (2005) of the firm that computed for specific items with relevant values. Initially, the EPS in 2005 was valued at 92. This means that each ordinary share will earn such amount. It has to be noted that the company has adopted the IFRS rules. Subsequently, the EPS of the company was reduced to 90. Several changes were observed in the manner in which non-operating activities were reported. The decrease was made since most non-operating activities were excluded from the computation of the items needed to value the EPS of the company.
The push to erode labor standards, undercut wages, and undermine unions should, therefore, be countered by policymakers pursuing a well-guided economic agenda working together with the major corporate lobbies. What is more worrying is that those legislative laws were supported by major corporate lobbies such as the Chamber of Commerce, National Federation of Independent Business, and National Association of Manufacturers—and by corporate-funded lobbying organizations such as the American Legislative Exchange Council (ALEC), Americans for Tax Reform, and Americans for Prosperity—in order to draw the clearest possible picture of the legislative and economic policy agenda of the country’s most powerful economic actors. To make the most clear-eyed decisions in charting future policy directions, it is critical to understand how the various parts of these organizations’ agenda fit together, and where they ultimately lead.What necessitated the action is the lack of proper laws in place to curb the activities of irresponsible employers who often win contracts and at the same time they have failed to abide by labor laws. The legislators as mentioned above have been coming up with legislation in the recent past that are retrogressive in nature and seek to strip workers of their decent work environment. The factory management has also failed to play a critical role by not ensuring that the workers are informed of their current working condition and violations that can be meted on them by irresponsible management. They should agree to take actions and the real owners should also ensure that they are accountable. Sometimes the laws and regulations are put in place but there are no time frames that managers are required to stick to and this has to be provided for in the new policy addressing that. Thefactories should be given strict time to ensure that they harmonies employees working conditions and report on that to the ministries or government agencies put in place.
One of the most important aspects of a business in production is the motivation of the workforce. Manual labour is not comparable to the work produced by machines, and therefore the amount of work done is not the same. Thus, the most effective way to increase company performance and ensure productive, effective employees is to take steps to motivate the staff. One of the usual managerial approaches to this goal is through the use of financial rewards, however research suggests that there may be other more suitable strategies. In fact, Kohn (1993) suggests that if the motivational frame is focused only on material rewards, the levels of production might actually decrease.Pugh and Hickson (1989) investigated this area through the Hawthorne Experiment. The conclusion of their study was that if the managers do not take into account the employees’ personal necessities and desires, they will be likely to maximize payment but minimize effort. Therefore, it is a crucial issue among business at present to learn how to offer non-material rewards as motivation. Hoegl and Gemuenden (2001) support this by stating that teamwork can be defined as a social structure comprised of over three people in context or organization. Therefore, as members of this structure work together as a single unit and look to achieve the same objective, techniques which improve the inter-relationship will improve group output. Additionally, the power of agglomerate and relation of status, composition, leadership, size, principles…. The global crisis has made it increasingly vital for organizations to take measures to ensure the life of their businesses, overcoming both internal and external operation factors to achieve revenue growth and corporate performance. It is widely agreed that effective management of one of the most important factors for organizations to stay profitable in a highly competitive global economy. These factors of production are the three M’s: materials, machine and manpower. It is the last of these, the human resource of a company, which poses the biggest challenge. A motivated employee is a valuable asset that brings tremendous worth to an organization. 1.2 The Objectives of the Research This research will try to resolve the problem of employee motivation and incentives programs by determining the factors that would give them motivation in their work, which in turn will result into satisfactory performance that would make possible the organization’s success. It will also try to look into the style and strategies of Al-Amal Hospital in Jeddah, the company in focus, in dealing with their workforce and how their workforce stay motivated and happy with their job. 1.3 Research Problems It is the purpose of this paper to identify the motivational strategies and incentives that would improve employee behaviour in the workplace. The focus of this study will be an evaluation of the practices of hospitals in Saudi Arabia, particularly Al-Amal Hospital in Jeddah. This will include an evaluation of the employee motivation and incentive strategies available to Al-Jamal Hospital, how they were applied in the organization and the effectiveness of these approaches. 1.4 Limitations of the Study As the data collected for random sampling will be from a single
Although, the problem was to meet the customer demand due to the stiff competition in the construction company business, the business has been effectual and hardworking for last few years. The high competition in the market contributed much in fashioning the new program that we hope will help to reduce this problem, and assist in developing skills that will advance the relationship with other business. Our aim is to look for good helpers enthusiastic to work with us to provide superior services to our client without any political interference from external sources. The main principles of the Dawson and Engels are to be economically beneficial to the community and not to participate in the political activities that can influence productivity of the company or give an unconstructive impression to our colleagues. The motives of the CNV are worth implementing into our company, but some ideas such as protesting in military decisions and peace camps can be politically threatening to Dawson and Engels. The connotation of the program is to give a positive result to the volunteers endeavors and not to highlight negative intentions of our program, that why CNV effort will not be integrated into Dawson Engels program. The Center for Non-violence viewpoints was exceptionally remarkable, and we appreciably value your participation. However, we would like you to come up with some more suggestion that can be fundamental to both companies without putting any of us at risk. The company entirely supports our employees’ effort and encourages you and any other willing participant to contribute in the volunteer opportunities available in Dawson Engels Company that will benefit the society. From: Lauren Bernoskie, Meaghan Gaynor, Ting Wang To: Adina Sanchez-Garcia Sent: Friday, October 21, 2011 11:21 AM Subject: Case Analysis Dear Ms. Sanchez Garcia, Analysis is a tool that concentrates mostly on the fundamental features of the practice. It shows that our standpoints contribute to certain views about the business, our partners and ourselves. The analysis include discussion of views in which, through our use of language, we are not capable of not only displaying who we are, but also how we want people to understand our principles (Paltridge, 2006). The program analysis commenced when our group lied down different proposals from the best volunteers option of Dawson Engels program. Our group was chosen to give a systematic way of selecting the best volunteers who will take part in the company program in the community. The task was hard, but we were after the productivity and the superior image of the Dawson Engels, that why we first selected the major areas that was necessary in the analysis. After we were through with highlighting what was fundamental in our analysis, and what we thought was necessary to write a refusal memorandum to the volunteers, we started our analysis from listed point for appointment and refusal requirements. The analysis intended to discuss why CNV, one of the volunteers in our program, was not an appropriate support for the program. Meaghan who was a member in our group concluded that the CNV was not suitable because their focus would bring a political threat to the company. He pointed out that since the main principles of the company are to maintain peace to the community at all the cost, the founders would not
It is remarkable how China has managed to rise from a country struggling to develop into a leading global economy in just three decades. During the past three decades, the United States exercised hegemony over global affairs, particularly after the collapse of the Soviet Union. Today, however, China has taken a leading position in world affairs especially in terms of economic prowess. China is poised to surpass the United States in exercising global hegemony in the near future. Such views have stemmed from the fact that China has built highly complex systems of conducting global business that has enabled China’s economy to grow rapidly. Although China has asserted that it does not wish to become a global hegemonic state, there is speculation that circumstances will force China to do so. Therefore, the way that Western countries will handle China’s ascent to global affairs will conclude the outcome of liberal internationalism. The international arena will either become a hegemonic or multi-polar environment with China’s ascent to power. The apprehension on China’s ability to challenge the liberal world order is based on China’s domestic politics, which are characterized by an autocracy that feels no need to uphold the rule of law. Accordingly, it is speculated that if China surpasses the United States as a superpower, then the former will conduct international law and politics in similar fashion as it does domestically. The Communist Party in China has led the country to a stable political-economy, evident during the recent global recession (Ross Zhu, 2008. pp. 219). While Western countries and in particular the United States was hit hard by the recession, the Communist-Party led government of China was able to withstand the recession and maintain high economic growth rates. As a result, the Yuan is rapidly gaining international value and is on the way to rivaling the US dollar, an occurrence that will surely solidify China’s international stature (Inkenberry, 2011). In line with this argument, it is speculated that once China achieves the superpower status, it will run international political-economic affairs using the same policies used by the Communist Party domestically. Most Western countries view the communist government as being led by corrupt officials and people with total disregard for the rule of law. Considering this view point, many are worried that if China uses the policies promulgated by the communists in the international arena, then the liberal world order will be under serious
Proposition 105: Business regulationsAfter a successful signature hunt to gather 86,105 valid signatures as was required, the state of Colorado has four measures certified for ballot on 4th November 2014. Business regulations is the fourth in a group that consists of abortion, gambling, and government accountability. It encompasses those regulations the government currently subjects businesses to. This part of the proposal is subdivided into three: adult entertainment, banking and rules on Sunday (Ballot Pedia Par 1). The adult entertainment section refers to measures taken to ballot in relation to entertainment such as nude venues and materials that are pornographic. The second part is a simple measure of the ballot in regards to bank and banking regulations, while the third part is in regards to those ballot measures about whether or not to allow certain things on Sundays (Ballot Pedia par 1). Some of the contents of the proposal include labelling of genetically modified food which has been a key area of debate attracting interest from different quarters. Each side of the divide is standing its ground giving reasons as to why the vote should go their way (Natural Grocers 1 2).Benefits of proposition 105 If the proposal goes through, it will mean that food processors will have to put labels on their products with information such as amount of calories, manufacturing information, fat, protein content, and the known allergens. This simple label will fulfil the people of Colorado’s right to knowledge (Right to Know Par 1). This will subsequently help them make informed decisions in regards to their health and diet, as well as for their families Proponents do not consider this amendment as a ban on genetically modified products (GMOs), but as a way to fulfil the people’s right (Right to Know Par 1).Setbacks of proposal 105According to the opponents of the amendment, the proposition is inconsistent and misleading, and will lead to heavy prices being imposed on consumers. The institution of the amendment as proposed will result in the implication of complicated red tape on farmers, companies dealing in food and grocery stores (No on 105 par 1). The other reason brought forth by opponents is that a yes vote will impose an unfair stigma on GMO products. In this respect, the proposition is seen as means not to give information but to promote fear that will stop scientific processes (Kafer par 1). Another reason is that the time taken to produce food products will be increased by the proposition given GMO products take less time to produce. The opponents see it as a way that will increase the cost of production as GMO products use less water, pesticides, and fuel. On a general scale the introduction of labels is seen as an extra cost to be incurred as noted by Ament (par 1).In conclusion, on 4th November 2014 the state of Colorado will be headed to the ballot to vote for or against the business regulations measure. This entails issues such as adult entertainment, banking and rules on Sunday. The amendment dubbed proposal 105 has both opponents and proponents who are passionate about their stands. The major benefit of the proposal is that the people will be able to make an informed choice in relation their health and diet. Its major setback is the costs it will impose on those involved in producing food products, which will in turn pass to the consumers.Works citedAment D. State Proposition 105: No, The Denver Post. 2014. Web. http://www.denverpost.com/opinion/ci_26611157/no-plan-is-costly-misleading?source=infinite Ballot Pedia. Business regulation on the ballot. Ballot Pedia. 2014. Web. http://ballotpedia.org/Business_regulation_on_the_ballot Kafer K. Why this organic gardener is voting no on Colorado’s Prop 105, GMO labelling. 2014. Web http://completecolorado.com/pagetwo/2014/09/07/why-this-organic-gardner-is-voting-no-on-colorados-prop-105-gmo-labeling/Natural Grocers. Colorado Right to Know Proposition 105 – Final Text. 2014. Web. http://www.naturalgrocers.com/nutrition/colorado-right-know-initiative-final-text-0 Noon 105. The Misleading and Costly Food Labeling and Proposal. 2014. Web. http://noon105.com/?gclid=CjwKEAjw-8ihBRD2t9qT3NaW7igSJAD3_sNVwwQItJQG-E53W6ksBBW5QA0NqV7BjC0VhBLRiA-klRoConfw_wcB 6th October 2014.Right to Know. Yes on 105, Right to Know. 2014. Web http://www.righttoknowcolorado.org/
3) Credit acts as a lubricant in the economic process due to which transactions are smooth. Lack of credit may result in the slowing down of the economy.GDI of the household is called disposable income which includes wages, profits distributed, interest, rent, and royalties by the businesses and transfer payments by govt. fewer taxes, social contributions, and transfer to foreigners. The business sector’s share is called business saving which comprises depreciation allowances, undistributed profits, and inventory revaluation if any. Government income comes through tax receipts, fines, and license fees, but not from borrowed funds, but it passes back a substantial proportion of its income back to households and business as transfer payments.which shows that current domestic production generates current incomes that are just equal to the amount needed to buy the product. Though price level changes do not impact GDY they may redistribute the income among HY, BY and GYIncome levels and expenditures need not necessarily be equal. People may choose to spend less than their income thus saving the remaining part or spending more than their current income by dissaving past savings or borrowing.If all the sectors budget surpluses, when added, give out a positive number then GDY gt. APE or GDP gt. APE, which would mean that some output will not sell which may lead to recession while if all surpluses when the added result in a negative number then there will be inflation as demand will be higher than the current output i.e. GDP lt. APE. Thus GDY or GDP has to be maintained equal to APE.When the government finds it has to spend more than it receives as tax revenues then it runs a budget deficit. There are two ways to arrange money to spend more than taxable income. One is to print dollars, which does not usually resort to, and the other one is to borrow. The government borrows by issuing treasury securities to households, businesses, local governments, foreigners, and international organizations.
In the case of the car manufacturing industry for instance, quality assurance is of high interest because the output or product offerings should be enough to convey customer’s trust and loyalty. Thus, an organization belonging to this industry must be able to come up with performance appraisal among its employee to constantly check the quality and organizational performance. This evaluation is centered on an individual’s performance and potential development (Singh et al., 2008).It is clear that employee performance appraisal is one of the bases in which the company has a corresponding idea on how to determine employees’ given compensation and other privileges. However, despite the presence of performance appraisal in almost every company or organization, there still a need to evaluate if it actually helps identify and meet employee’s development needs.Evaluation is very important especially in the corporate world because it is a way in which corporate performance is known at a specific significance. The case of evaluating employee performance is a complex task depending on the nature of the business operation.The employee is naturally under evaluation and it may be monthly, quarterly or annually depending on the organization. The evaluation is said to be formal because it determines an employee’s career in the organization. This evaluation is known as the performance appraisal and it actually helps the company decides on one’s career opportunity (Randhawa, 2007). It is a form of assessment in which an employee’s strengths and weaknesses are identified and observed for the purpose of enhancing, improving or commending performance for potential development (Landy and Conte, 2009. Aswathappa, 2005).Performance appraisal is very complex because it involves a specific standard that if not properly understood, would result in a certain level of confusion and unnecessary feedback.
Before doing the comparison of Britain with Germany using the circular flow diagram, it is important to understand the circular flow diagram in detail. The circular flow diagram as seen in Figure 1 (ATTACH FIGURE) shows the link between the households and the firms. The households, according to Pagoso et al. (2008), are the basic consuming units of the economy while the firms are the basic producing units of the economy. Since the production and consumption are two very important components of the economy, they are the basic features of the circular flow diagram. The household sector in this case applies to everyone. As Amosweb (2010) states, this sector is responsible for the consumption in the economy. Also, it owns the productive resources in the economy that are needed by the firms for the production process to be complete. The business sector (that includes all kinds of firms and business institutions) is responsible for the collection of productive resources and their conversion into goods and services that can be sold. Its role also includes the buying of capital goods through investment expenditures. The third sector that is the government sector consists of the government, the federal state, and banks, etc. The main role of this sector is to collect taxes and invest in government expenditures. The fourth and the last sector in the flow diagram is the foreign sector. This sector includes as Amosweb (2010) states, everyone outside the domestic country. This sector revolves around the exports and imports of a certain country.Overall, the households basically consume the goods and services provided by the firms. Firms on the other hand are sources of income for the people (households) that work in them. Households pay taxes that are a source of revenue for the government and the governments, on the other hand, spend on households. Households also save and firms invest. Exports and imports also are part of the economy.
The user would primarily be that of the traveler in terms of the passenger aspect, and that of the freight would be represented by the forwarding companies, who in their own right are customers of the airport based upon their reliance upon the transportation of their or their clients’ goods in the form of such freight. Doganis (1992) provides confirmation of this complex arrangement of organizations and people that are required to facilitate these activities in elements and activities are brought to facilitate, for passengers and freight, the interchange between air and surface transport. This very sentiment is echoed by Ashford et al (1991) in confirming the modal transfer from air to land modes.The airport has further evolved from a government extension to that of a commercially orientated and dynamic business. (Doganis) In turn, the benefits of the airport affect many people from both an internal and external perspective. These benefits extend beyond that of the functionality of the airport and its required functions, to that of economic benefits that directly, and indirectly affect countries, regions, the traveling passengers as well as the local people. Graham (2003) aptly states that airports can bring greater wealth, provide substantial employment opportunities and encourage economic development and can be a lifeline to isolated communities. One, therefore, sees that the airport provides economic as well as functional benefits to local communities and regions as well as to the user of air transport, albeit passengers or freight.Heathrow Airport has consistently been under the spotlight from various industry stakeholders. Media report of Mayor Boris Johnson recommending the planned phased closing of the airport, with a replacement airport to be located within the Thames estuary area. (Financial Times 2008.)
There has been a steady rise in the popularity and significance of CSR and its role in creating an impact on society, and ultimately on the business itself, leading to its adoption and implementation by several corporate giants. Companies across various sectors have taken up social responsibility and their duties towards the society, as a serious and significant part of their corporate agenda (Nelson, 2004). It is evident from the fact that the annual report of companies’ now includes sustainability or social reports, where the social activities of a business are proudly displayed alongside the company’s financial reports. Companies today are highly aware of their role in society and the impact on the everyday lives of its consumers. However, as the role and popularity of CSR continue to rise, an equally significant number of companies, across Europe are steadily moving towards the adoption of the conventional Anglo-Saxon shareholder value model – with greater emphasis on profits, sidelining social responsibility in the process. It is on account of this very reason, that the debates surrounding the purpose and role of business in society, has assumed global significance (The Economist, 2005).According to some, the main purpose of business is to create wealth and maximize shareholder value, while others consider the benefit to society as a part of the business. However, regardless of the conflicting ideologies, the fact that business is arguable, the only human activity, which has a far-reaching impact on the society, cannot be denied. It has the ability to assemble and accumulate human resources, on a large scale, who are engaged in the production of goods and services for public consumption, while generating profits in the process.Business not only generates profits for the stakeholders and owners but also create value to the society in the form of employment and providing a source of livelihood to millions of people.
Non-training needs are important in order to increase the effectiveness of the staff. The managers have to create a working environment in which the employees feel comfortable at all times. Sometimes people forget the importance of communication in the workplace. It is imperative for managers to provide clear messages and instructions in order to prevent misunderstandings. The ability to communicate well in the workplace is not limited to the managerial staff. The blue collar workers also have to learn to express themselves better. This is a non-training ability that has to be improved by the individual on a personal basis. If a person has weaknesses expressing thoughts the person should look for help. Simple exercises such as standing in front of a group to realize an oral presentation can help a person gain confidence. Non-training needs are important because they can help workers become more involved in their work setting. It is essential to build a corporate culture in which the workers feel comfortable with their dealings at work in alliance with the rest of their colleagues. Due to the importance of teamwork in the workplace non-training needs can help the workforce become more reactive to the changes in their work environment. 2. The three stakeholders involved in the case study are the initiator, the active listener, and the evaluator. In the real world the application of these three roles are sufficient to find solutions to a particular problem. The initiator is the person that establishes cause for a problem. This person will usually have a strong view or perspective about the issue. The active listener is the individual that must have patience and understanding in order to analyze the situation and come up with an alternative solution. The evaluator is the person that makes the final decision about the issue. Managers typically served the role of evaluator in the business world, but the evaluator role can be served by a different person depending on the circumstances. The Fabrics case study illustrates a situation in which a supervisor tries to force a worker to perform certain functions. The supervisor does a poor job of transmitting the message because on each occasion the reaction of the worker was negative. The worker perceives that he is being taking advantage of by the supervisor. The supervisor should have sent the message in a more persuasive way explaining the benefits for the worker for getting involved in these activities. 3. The Fabrics case study help me understand better the issues associated with non-training needs. Three techniques that I learned that could be very useful to resolve issues in the workplace are active listening, conflict resolution, and persuasive speaking. Active listening involves listening to the entire message and analyzing what the person is saying. On many occasions people start to think about what they want to say in a conversation and they forget to listen to what the other person is saying. In group settings or team projects active listening becomes even more important because of the interaction involved when several people get together. The person that needs to apply active listening skills more than others is the team leader. Conflict resolution techniques are a concept that I also learn from the readings. In the business world conflict occurs a lot among different stakeholder groups including employees, vendors, suppliers, and the community among others. In the case study the application of persuasive speaking could have helped resolved some of the situations. When a worker is given instructions the supervisor must be able to explain to the person the importance of the task being given to them. The use of persuasive messages can help motivate others to get the task at hand accomplished.
4). In so doing, Reagan effectively appealed to the emotions of the audience through pathos and thereby enhanced his credibility (ethos) as a down-to-earth and sensitive political servant. The rest of the speech was used to discuss economic conditions of the country as Reagan delved into the issues of unemployment, the conundrum within the Social Security program, and the link to Barry Goldwater’s ability to address pressing and relevant issues that were relayed. His effective use of categorical questions spurs the audience’s analytical skills and invites persuasion to support his contentions. As disclosed at one point: Now are we so lacking in business sense that we can’t put this program on a sound basis, so that people who do require those payments will find they can get them when they’re due that the cupboard isn’t bare? Barry Goldwater thinks we can (American Rhetoric.com, 1964, p. 5). Reagan’s delivery as it neared the concluding portion stressed the antithesis of peace being the policy of appeasement as he averred, the greater risk lies in appeasement, and this is the specter our well-meaning liberal friends refuse to face that their policy of accommodation is appeasement, and it gives no choice between peace and war, only between fight or surrender (American Rhetoric.com, 1964, p. 8). Having successfully furnished his audience with profound points to ponder and validated through facts, economic details, anecdotal narratives, and raising effectively designed questions for the audience’s own response, the contents would be validly proven that these have been effective in achieving his defined goal. As for Reagan’s style in delivery, listening to the speech through YouTube… Reagan’s delivery as it neared the concluding portion stressed the antithesis of peace being the policy of appeasement as he averred, the greater risk lies in appeasement, and this is the specter our well-meaning liberal friends refuse to face that their policy of accommodation is appeasement, and itgives no choice between peace and war, only between fight or surrender (American Rhetoric.com, 1964, p. 8). Having successfully furnished his audience with profound points to ponder and validated through facts, economic details, anecdotal narratives, and raising effectively designed questions for the audience’s own response, the contents would be validly proven that these have been effective in achieving his defined goal. As for Reagan’s style in delivery, listening to the speech through YouTube would enable one to state that he exuded the air of a well-prepared politician in thoughts, words, and actions. The context within which the structure of the speech was presented was likewise well-balanced. Reagan used different rhetorical elements and details that effectively enhanced his credibility as an authoritative figure and politician due to the acumen manifested from citing the current economic status of the nation through relevant indicators. He interjected strictly serious topics with humor and wit that included telling stories about friends or citing political personalities through famously delivered quotes.
Analysis of the situation in the Plasti-brack product line The problems with the Plasti-brack product line are numerous. The reject rate lies between 12 and 20% which is very high and is obviously costing the company since it takes money and time to correct defects. When customers buy products that are defective it can affect the company’s business in terms of the public perception as one unsatisfied customer can lead to a loss of other customers. The molding dies are very old which means that they have been bought and stored for too long. This implies that the company is holding too much of this type of inventory. There is a problem with the dies which means that they have to be replaced. New plastic injection die cost between $25,000 and $30,000 each. This means that it will cost the company between $150,000 and $180,000 to replace the six dies. The company will only be able to get these within six weeks from the date of order which means quick action is required in terms of the best way forward. The M101molding machine has a record of high unscheduled repair and downtime requiring minor adjustments several times per week. Replacing or repairing this machine should lead to a significant reduction in backlog. The advantages and disadvantages of replacing or overhauling the machine need to be analyzed before making a decision. Additionally, the availability of funds is another factor that should be considered in making the decision. The purchasing manager has also indicated that there are resins of better grade that can be used. They cost between 10 and 15% more than the one which is currently in use with the more expensive one – the RP625 being able to reduce some of the scrapped parts generated by the MG251. However, he is not sure how the RP515 which is the cheaper one would do. A decision is therefore required and since waste is an issue the RP625 may be ideal. Another matter for consideration is that a new shift will mean a shift premium of 15% or overtime work at time and a half. New shift will mean employing additional staff and this cost money. It is possible that the six weeks back log may be resolved by quick changeover and a reduction in machine down time. However, current productivity levels need to be determined. The set up times which is the die changeover time for both blanking and molding is four (4) hours on average which means that more than half the work time is spent on just setting up. If this can be reduced it would benefit the company tremendously since it would increase production. Tom Tucker has indicated that it would cost $10,000 to modify dies with quick clamps in order to reduce set up times to between half hour and one hour. This reduction in set up time would lead to twice the production levels per day. Diagnosis of the problem In addition to the frequent downtime in machine M101 which is a major problem, it appears as if the die changeover time is the main reason for the back log. Once something is done in relation to machine M101 then the problems associated with Machine Group 251 for which it is apart may be completely resolved. The die changeover currently takes an average of 4 hours. Reducing this time should double daily production levels. Therefore, overtime may not be an major issue in resolving the backlog issue. Plan for resolving the problem The problem
21-23). In addition, millions of jobs were lost by people, many lost their life time savings and earnings, and many dreams shuttered. These impacts of global financial crisis make my topic important and interesting to study. Everyone wants to know how worker migration was affected, the implication, and probably the causes of the financial crisis. That is what my study is seeking to achieve. Aims and objectives of the study The aim of this study is to critically evaluate the impacts of global financial crisis on the worker migration. In order to achieve this, the following objectives will be met by the study: 1. To identify the effects of global financial crisis on worker migration 2. To identify factors that caused the global financial crisis 3. To determine the implications of global financial crisis on the world economy and the job market 4. To assess and evaluate the rationale of the global financial crisis Literature review Financial crisis is a situation in which the values of financial assets or institutions falls rapidly. it can also be applied widely to various situations in which some financial assets all over sudden lose a very big part of their nominal value. Many financial crises are associated with banking panics- a situation where by a bank suffers a sudden rush of withdrawals by depositors and many recessions coincided with the panics. There are other situations that can also be termed as financial crises. stock market crashes- a sudden dramatic turn down of prices of stock in a significant stock market cross section that leads to a significant loss of paper wealth. Therefore global financial crisis means a worldwide period of economic difficulty experienced by consumers and markets. It is a difficult business environment where by potential consumers reduces their purchase of goods and services until the economic situation improves (Morris 2008, p. 24-25). The global financial crisis expressively impacted on the world leading to worker migration. United States of America is basically in control of the world and financial crisis that took place due to the decline in moral values specifically the economic and political power (Longstaff 2008, p. 19-20). In the second half of 2008, the financial markets of the United States, and ultimately all main financial markets of the world, were distraught by the repercussions of the unethical practices of lending carried out by the major lending institutions. The unethical loans were conducted at the height of the bubble real estate in the U.S. Aggressive and destructive lenders engaged in sub-prime mortgage loans (Cooper 2008, p. 17-19). These were extremely high risk mortgages and most of them were found in the violation of the standards of traditional underwriting practice for the industry. Ethics and prudence were ignored and greed dominated the ethical judgment among nationwide mortgage lenders. This problem was entirely aggravated by leveraging and packaging of such loans by the financial companies of the Wall Street. Workers began a massive migration in search of greener pasture. They could no longer afford the cost of living (Cassidy 2009, p. 30-33). Global financial crisis occurred in the US in the year 2007 and spread to a number of other advanced economies through a combination of direct exposure to subprime assets which led to gradual loss of confidence in a number of asset classes and the drying up of wholesale
Running Head: Oskar Schindler Due Module Assignment Number Introduction Oskar Schindler was a catholic German, who lived from 1908 to1974. After completing school he helped his father out with his business, served the Czechoslovak army. In 1939 Schindler joined the Nazi party. He was known to have been a businessman with a preference for only the best and most expensive products. He was also known to have lived a very lavish lifestyle, however the contrast is that he died penniless and as a hero in the eyes of many for his remarkable Schindler’s list as it is now known. Oskar Schindler is known to have saved the lives of around a thousand Jews at the time of the Holocaust. What follows is a detailed account of Mr. Schindler (Crowe, 2004). The Life of Oskar Schindler Many people believe that Oskar Schindler was a true hero, at a time when the Jews were brutally murdered. Oskar Schindler actually saved the lives of 1000 Jews. What is most remarkable is the fact that he himself was a Jew ant that too one belonging to the Nazi party. For someone to have the courage to do that speaks volumes about his character. Oskar Schindler owned three factories, out of which only one employed Jewish forced laborers. In 1944, Emalia (the factory that employed Jewish laborers) was at its peak and had employed 1700 workers out of which 1000 were Jews. During the time of the torture, the Emalia workers were also subject to brutal treatment at the Plaszow concentration camp, however, whenever possible Schindler intervened to see that the treatment at the camp was as less severe as possible. Moreover, Schindler also gave refuge to his employees at the Emalia along with approximately 450 other Jews so that they were able to evade the torture and brutal murders at Plaszow (Bulow, 2009). Why Oskar Schindler is a role model for many is because he was as human as the rest of us, he was no perfect sinless human being that the rest of us can never aspire to be like. He was known for his frugality and leisurely lifestyle. It was said that he knew how to get his work done, who to befriend and who to keep at a distance. He was known to give bribes in order to get his work done and that was exactly how he managed to save his Jewish employees from the gas chambers. It is said he had made a list of his employees (The Schindler’s List) and given it to the authoritative officials whom he had bribed in order to save the lives of his employees, whom he referred to as his children. What Oskar Schindler did for the Jews does not seem to match the profile of a person whose attributes I have described above. A person who was used to living a lavish lifestyle dies penniless after saving the lives of hundreds of Jews. Schindler’s Brunnlitz plant was known to not have been adequately in the production operation. However Schindler managed to prove through misrepresented figures that the plant was in operation. This he did in order to provide refuge to his Jewish employees and to save them from the brutalities of the gas chambers. Moreover, Schindler’s employees have been reported to have said that he used to give valuable gifts to the Nazis, host lavish parties in their honor and be very tactful in dealing with them because if he could keep them happy, it meant a save exit for his employees. If ever any of his employees was threatened to be killed by the Nazis, Schindler used to intervene by saying that the employee provided specialized services to Schindler and thus must not be harmed as that would result in a loss of profits. Truly, one cannot help but respect the excellence of his character (Sterner, 2010). Conclusion Schindler did not treat his employees as slaves rather he took them to be his children. In a time when the Jews could expect no mercy from a German, particularly one belonging to the Nazi party Schindler was the beacon of hope. One would wonder why a person of the Nazi party would save the Jews. Oskar Schindler was referred to as an angel by his employees. He is remembered as having a very charismatic personality and an empathetic yet charming smile. If a person of such a stature is not the perfect role model for people to follow then who would be? References Bulow, L. (2009). Oscar Schindler: His List of Life. Retrieved June 10, 2011, from Oscar Schindler: http://www.oskarschindler.com/ Crowe, D. M. (2004). Oskar Schindler: The Untold Account of his Life, Wartime Activities. Cambridge: Cambridge, MA: Westview Press. Sterner, W. (2010). The Shadows Behind Me. Canada: The Azrieli Foundation.
Also a brief about the company’s extensive market is discussed.The main aim of the report is to conduct a SWOT and PESTLE of the various companies and understand how Vodafone stands out among the companies. Also a detailed explanation of the various innovative ideas that have been created to provide the customers with better service thus increasing customer satisfaction and loyalty are discussed.The telecom industry is very fast and growing. There are a number of mobile service providers in the industry. This section aims at understanding a little about the various companies and their market presence. Also a brief about the company’s current position is included to help understand the type of completion faced by Vodafone within this market. This section will also cover the SWOT analysis in brief for every company, following which there will be a PESTLE analysis also provided. The first company that will be discussed is the leading service provider in the UK – O2.O2 is one of the biggest and most famous service providers in the UK. The registered office is located in Berkshire UK. The service providers were formally called mmO2, and provide mobile services in Europe – UK, Germany, Ireland, and Isle of Man. This is one of the widest spread businesses in the mobile industry and has the leading mobile Internet portal for business as well. The company has recorded whopping revenue of almost £6683 million for the year ended March 2005. The company has shown a big increase of almost 17.4% over 2004. The company has also recorded a huge net profit of almost £301million in 2005 which amounts to an almost 81.3% increase over 2004 (Datamonitor – O2, 2007). O2 is the leading provider of mobile services along with broadband services in the UK. It has a vast market of almost 40 million fixed and mobile customers across Europe, and a large number of employees, almost 29,000 across the group.
This paper reviews the Dunning’s paradigm in the relation of the mode of entry of companies. It also reviews other theories and factors that determine the mode of entry. Prominent among them is Porter’s diamond model. Dunning’s paradigm became popular because it took into account three important factors that determine the mode of entry, namely ownership, location, and internalization. But in the current scenario, this paradigm is not taking into account many factors like changes in technological capability and governmental policies of the host nation. It would be better not to depend on one theory or model when considering a mode of entryThe multinational enterprise of today has got the options to expand even more in the international market as a result of increasing globalization. These companies which are operating in different countries are able to generate profit through their unique policies and strategies and sometimes their profit margins overcome the nation-state. They are able to find new business destination and succeeding to sustain in a particular market. This report will focus on the critical issue of entry into foreign markets of critically examining Dunning’s eclectic paradigm. It will also review to what extent the theory provides a basis for understanding why firms choose one entry mode over another and consider any alternative theories with relation to the mod of entry.According to Xuemin Zhao and Reinhold Decker, Being such an important issue market entry mode choice became the object of numerous theories and models developed to understand and explain associated phenomena. (Zhao and Decker, p.3). The authors have provided several theories that have been developed over the years in relation to the mode of entry by corporations they include the Dunning’s eclectic paradigm.
Southwest has continuous plans of expansion and continued increase in the Available Seat Miles (ASM) or its capacity when most of the airlines have started reducing their ASM.Southwest Airline’s business model is focused directly at only one area i.e. Low-cost flights for short distances. The main competitive edge that the company has is that it has designed its business model in a manner where the company’s main aim is to keep the price low to increase profitability rather than increase its market share. The company has analyzed the market well and it understands the specific market niche. This can be considered as the company’s biggest advantage over other competitors as the business model is well focused and the flight works on point to point rather than hub – and – spoke system. The company has also been the first to take up the initiative to start a website which is now the number one airline website in the industry and more than 69% of the passenger’s check-in using the website (Henkle, et al, 2008). Also, the company is the pioneer in the ground keeping time of the aircraft and the company is the only one with the least amount of ground time for the flights – an average of the maximum of 20 minutes to maximize profits. Also the company believes in providing its personnel with all the critical information of the company and the decision – making rights to solve issues at a faster and more effective rate. All these apart from its well – built brand name and image over the years can be considered as the company’s main competitive edge in the market.Currently the business stands well above the industry standards. It is the sixth-largest in terms of revenues. Southwest Airlines has created an image for it that has led the customer perspective of the company to be efficient and effective.
It has to be noticed that the establishment of the above firm was initially considered as absolutely necessary taken into consideration the needs of the particular British region (greater Northeast area). When the specific plant was put in action, a series of problems appeared particularly regarding the methods used for the appropriate process of the all waste material directed towards the particular plant for process and disposal to the environment.At a first level, it seems that the strategies developed by the firm have been appropriately designed and applied. however, still there are certain issues to be reviewed, like the effectiveness of the firm’s structure – in accordance with the targets set by the firm’s managers. The choice of the knowledge management systems used by the firm’s managers could be also criticized as being only partially develop – many of its aspects are still not appropriately highlighted and they cannot be used for the development of the firm’s strategic plan. The use of Robbin’s model for the evaluation of the appropriateness of organizational culture in the case of the specific firm has been found to be a potential solution regarding the identification of the problems related with the daily operational activities of the particular firm.The identification and the administration of knowledge within the business environment can be appropriately planned only if the characteristics and the needs of each particular firm are taken into consideration. In this context, the prior exploration of the business – and the market – environment is necessary in order to develop appropriate plans of action regarding the retrieval, the process and the distribution of knowledge within any modern organization. At a first level, it is necessary to identify the type of knowledge required for a specific firm.
The planning of human resource management is very much essential for any organization. This fact is true whether it is expanding or contracting. This idea of planning process of human resource management is carried out form assessment of supply and demand for labour to employee retention. These strategies entirely depend upon the HR plan and upon the overall strategy of the business concerned. The most striking feature of this fact is that these two determinants again are interrelated. On one hand, the HR plan is affected by the overall business strategy and again the overall business strategy largely depends upon the HR plan of the business. Hence, it is evident that all the concepts are likely to be interconnected (Shackleton Anderson, 1993, p. 5). This paper basically tries to explain these ideas in relation to the HRM strategy and the planning processes of any businesses, whether it is small, medium or large. Planning processes and strategies: Importance of Strategies: Every organization, whatever is its size, needs labour power who will work for the organization concerned. An entrepreneur just cannot do all the works alone. Hence, the need for the labour force is an essential concept. The question then arises that how an entrepreneur can hire or recruit people who are willing to work that entrepreneur and at the same time that entrepreneur is willing to hire them (Sharma, 2009, p. 71)? The answer of this question needs a detailed analysis of the theory of hiring process. Another question that is also very much important is that what are planning processes that the business entity or the entrepreneur should follow or adopt when it is either expanding its business or contracting. Again another important fact is that even though a company or business house has a large labour power, it is highly essential to take appropriate measurements or strategies to retain that labour force for a long time (Ijose, n.d. p. 5). Definition: There are two sides of defining the strategic planning for human resources. One is the technical side and the other is the managerial side (Bandt Haines, 2004, p. 44). The technical side deals with the mathematical and behavioral methods of the process of forecasting the needs of human resource. The managerial side includes the processes of tackling the human resource issues by the decision-makers which are likely to affect the organization. Both these side are actually interconnected and essential for any organization. On one hand, any organization must consider a long term mathematical assessment of the needs of the human resources, and on the other side, the decision-makers must consider those processes which are absolutely necessary for the improvement of the organization (Rothwell Kazanas, 2003, p. 2). Essentialities: There are many essentialities of proper human resources strategies (Varkkey Desseler, n.d. p. 79). Firstly, a good human resource strategy must consider the fact that the business needs that strategy to work in favour of the organization. Secondly, it is essentially a strategy, not an outcome. Hence, appropriateness of the strategy is needed to be forecasted in a proper way (Durbin, 2011, p. 307). It is called a strategy because of the following reasons. The way businesses around the world are increasing their territory, it is highly necessary for any business to consider all the aspects while hiring people, including the policies that are chosen by other organizations. Again businesses are now expanding their range of products and services. They are increasingly trying to reach to diverse consumers around the world. Policies which are well suited for a single product or service might not be sufficient for multiple products. Again a particular product might be produced by another organization, and since that organization is also taking a particular set of policies, hence, it is not at all suitable for this organization to take those similar policies (Rothwell Kazan
United States Law of AgencyIssue StatementThe issue in the case of Karsten is to establish whether his decision to sell 700 pair of shoes to pro golf is in accordance with the business law and ethics. Karsten was in a contract with the Ling Company to represent theLingCompany, the memorandum of understanding between him and the company was that he should represent the company’s interests. Given that, Ling Company, a manufacturer of golf equipment and accessories, hired Karsten as an outside sales agent. In addition, Karstens’ duties as outside sales agent required him to visit Golf Pro shops at golf courses, other golf equipment and accessory retailers. However, though it was common for an outside sales agent in Karstens position to have the authority to make contracts to sell any item on his employers’ line of products.The American law of agency requires that the sales agent should act as per the agreement with the principal. Karstens agreed to a memorandum of understanding with Ling Company restricting him from contracting to sell any Ling golf shoes without getting consent from Perez. Perez is Ling’s vice president of sales. Ling’s temporary problems in getting shipments of golf shoes from its supplier in China prompted limitation of Karstens authority being. However, neither Ling nor Karsten had informed Pro shops or retailers of the restriction on Karstens authority. Nonetheless, Karsten goes ahead and makes a contract to sell 700 pairs of Ling shoes to Pro Golf Company.Rule StatementAccording to this case, Karstens was a qualified and the legal sales agent of Ling Company. In his position, Karsten had the legal authority and capacity to make the decision of contracting for sales on behalf of Ling Company to its customers, Pro shops and retailers. The fact that they did not inform the pro shops and retailers of their arrangement, it is clear that the Pro Golf Company was acting on apparent authority of Karstens. According to the US law of agency, Karstens actions are taken as they are the actions of the principal. Therefore, Ling Company is bound to the contract with the pro golf company because Karsten was operating at a capacity acknowledge by the business law.The American law on agency victimizes principals on actions executed by agents acting within the limits of their authorization. Therefore, the actions of the agent bind the principal automatically. The principal will be answerable for actions by the agent since they are legally recognized. In this case, Karstens therefore owns Ling Company for any cost or damages it may incur out of the contract with the Pro Golf Company. Ling Company is legally bound to the contract because at the time Karsten was contracting the pro golf company, he was the legal sales agent of Ling Company (Mallor, Barnes Bowsers, 2013).AnalysisAccording to Americanbusiness law,Ling Company was bound to the contract because they had legally hired Karstens. Hiring Karstens as the company’s outside sales agent automatically fits him legally in a position to transact business on behalf of the company. Any business he transacted in the name of Ling Company in this position bounded Ling Company to it. However ethically, Karsten was wrong to go ahead and contract the Pro golf company bearing in mind that they had an agreement with the company that restricted him to seeking permission first before contracting any company.ConclusionLing Company is bound to the contract. Karstens is legally bound to take responsibility for any consequences should Ling Company fail to meet the contract’s requirements. The Pro Golf Company signed the contract without any formal information on the pre arrangement between Ling Company and Karsten. It was therefore acting on Karsten’s apparent authority and therefore it should sue for compensation shouldLing Company fail to meet the contract’s requirements.ReferenceMallor, J. P., Barnes, J.A Bowsers, T. (2013).Business law: The ethical, global, and e-commerce environment. Boston: McGraw-Hill/Irwin.
If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it by H. James Harrington is justified in every aspects of a business environment (USACE, 2005). Measuring performance in an organizational perspective is equally important as its business operations. An organization running its operations without having performance measurement tools can be like a CEO functioning without formulating a strategic plan or an aeroplane flying without its compass. Therefore it can be portrayed that the primary intentions behind measuring performance is to get an idea of how the organization is performing and looking after the possibilities of further development. Performance management enables organizations to measure, plan and control activities in accordance with the predefined strategies. In simple words it facilitates organizations to achieve their desired goals (Johnson, 2007, p.1-2). Some of the major performance measurement tools that are being used in current business scenario include Balanced Scorecard, Economic Value Added (EVA), Activity Based Costing and Management, Performance Prism and Quality Management. However among the aforementioned tools, importance and usage of balanced scorecard will be principally highlighted through the entire report. While the saying ‘balanced scorecard was coined in the early 1990s’, the origin of this approach however is believed to be deep, and also embrace radical work of General Electric (GE) during the early 1950s. The work was basically based on reporting of performance measurement. Apart from this French process engineers have also contributed immensely towards the development of performance management tools. There work was during the early 20th century. In this context the engineers literally developed a dashboard in order to monitor performance levels in a simplified and efficient way. Despite of its early conception, it was originally developed at Harvard business school by Dr. David Norton and Dr. Robert Kaplan in the year 1992. During the initial phases after the development of balanced scorecard, it was merely used as the performance measurement tool or a performance measurement agenda. Nevertheless slowly with the passage of time balanced scorecard has been able to gain much more importance in the professional field. A number of companies incorporated balanced scorecard into their system of operation in order to facilitate effective and well-organized performance measurement system. Nowadays balanced scorecard is considered as a valuable strategic planning tool. It helps an organization to transform its strategic plan from
Thermal storage systems are an energy efficient way to reuse energy. Thermal storage systems are convenient and can be used in business or residential situations. Thermal storage systems are able to store energy and then use it later. This is important in reducing the amount of energy that one uses because it is reusable. Thermal storage systems are important in the heating and cooling industry. The systems can be installed almost anywhere in a residential or business setting. There are many different types of thermal storage systems. These systems are common in the heating and cooling industry. A basic thermal storage system cools a storage medium then saves the stored cool medium to be reused at another time. (Washington State University) What is meant by defining thermal storage systems is simply that energy is stored and then used at a later time. The storing of this energy allows the user to save. The energy that was saved is not wasted and can be used when needed. Many traditional heating and cooling systems waste too much energy. That is why thermal storage systems are so convenient. What would normally be wasted is saved and used for later. The main way that a thermal storage system can be used is by allowing energy to be stored and saved for later. A residential installation of thermal energy storage systems can help cool a house. A home can store energy in the thermal energy storage system at night when it is cool, and then distribute the stored energy during the day when it is most needed. This is a money saving way to cool a home. This same process will also apply to small commercial businesses. The system can be modified to fit existing systems but the system will require an area to be used to store energy. This storage area can be located in a crawl space, basement or a large enough utility room. Using thermal energy storage systems for air conditioning is complex in a way but easy to operate. If a home wanted to use thermal energy storage to cool the home, it would need to have a set up that is able to cool the home with thermal energy storage. The system would be located in an area similar to where the furnace is located. The system is water based and does not require the use of a compressor like other cooling systems. The system uses the water to ice method that cools the chosen areas. Inside the ice storage systems, there are chambers that freeze ice during low usage time and then allow the ice to melt and cool the area. (Du Bois2007) The ice that is frozen lets off cool air that is then allowed to flow through the area and substitute for a traditional compressor air cooling system. An ice to water thermal storage system is significant because ice is created for about 16 out of twenty four hours and then melted for around six of the twenty four hours. That is a huge savings compared to running a full 24 hours each day. Since water is so abundant, it is easier to operate off an abundant source rather than electricity that needs to be created. In California there has been a huge use of ice balls, these ice balls are popular in schools, hospitals and home. (Cryogel2011) There are other ways to use thermal energy storage besides with water. Thermal energy storage can be used to save on heating and electricity. When a residential or business is able to save on cooling, heating and electricity costs, this decreases living and operating costs. The less energy used is also good for the environment. Regular air cooling systems require a lot of energy to operate. They constantly use energy and are unable to store anything. This constant use of energy is wasteful. There is no comparison as to choosing between a traditional cooling system and a thermal energy storage system. One day, all now traditional systems will be converted to thermal energy storage to help save the environment. References Energy Efficient. Thermal Energy Storage. Ed. Wayne State University. Wayne State University. Web. . Du Bois, Denis (2007-01-23). Ice Energy’s \Ice Bear\ Keeps Off-Peak Kilowatts in Cold Storage to Reduce HVAC’s Peak Power Costs. Energy Priorities: pp.1. http://energypriorities.com/entries/2007/01/ice_energy_peak_power.php. Ice Ball Thermal Storage. CRYOGEL Thermal Energy Storage. Web. 17 Feb. 2011. .
MICE is commonly organised through meetings, exhibitions, conferences, corporate travels and incentive travels among others as a mechanism to generate awareness among the global communities regarding a particular issue. The special events are organised to attract visitors from global contexts, assisting in generating revenue as well, with the intention to support any developmental need towards sustainable development. It is in this context that these special events are identified to be attached with various environmental issues such as polluting air, water and land immensely. Nevertheless, organising MICE has also been criticised on the ground that holding these special events causes excessive use of non-renewable energy, increased transportation and abundant use of other natural resources such as water among others. According to Zamzuri et. al. (2011), special events have adversely affected the environment due to increased wastes, inappropriate way of waste management, increased transportation and unnecessary materials purchasing among others (Pizam, 2012. Zamzuri et. al., 2011). However, with a much positive perspective, according to Pao (2004), special events, which include conference and corporate meeting among others are organised in various locations with the intention of generating revenue for economic development. These events are identified to develop the tourism sectors. but on the other hand, they are identified as important sources affecting the ecological environment of a country at large causing pollution, traffic congestion and waste among others, within a short span of time as compared to other sources of similar environmental degradation (Anand, 2013. Wood Brotherton, 2008). These environmental issues, identified from events organised under MICE, are also classified as those factors accountable for increasing social costs and thereby, affecting the environmental equilibrium (Pao, 2004). Green Business Tourism The tourism industry has aimed at developing an effective and eco-friendly environment with the aim of attracting visitors and making a country an attractive location for organising special events (Lau, 2009). According to Lau (2009), there are three main players that are associated with MICE, which include clients, suppliers and other players like government and sponsors among others. The organisers of MICE thus need to held meetings and exhibitions and other intended functions in an appropriate manner with the aim of ensuring that events are executed with better considerations towards the environmental sustainability responsibilities and societal stability. The organiser should also develop and initiate policies as well as measures on the basis of which, meetings and exhibitions should be conducted. Moreover, the organisers should seek that the site where the MICE events are to be organised,
Steel price has been identified as one of the primary reasons for the general increase in prices based on the world wholesale price index. Analysis of the prevailing trends in these data can be used to gain insight into local American steel industry pricing.Steel is considered so important a commodity that it is part of world product indices. Steel is essential in all industries either as a raw product or needed in creating factors of production. US prices of steel follow closely global prices. Recent development has indicated that demand will have a greater effect on prices rather than supply. Aside from the interaction of supply and demand, US markets are also very reactive to global market developments and these factors have proven to be indicative as well of US steel market prices.In the extreme, certain business areas can be largely affected by shortages and price increases, strongly influencing their overall profitability and ultimately, in certain cases, threatening their survival. In the following I would like to investigate some of the causes, effects, and remedies for the price of steel in the United States’ market and will attempt to make some predictions as to its future development.The question of steel prices has moved into the center of attention of the economic world since they started skyrocketing over the last 2 to 3 years. The increasing demands for steel in building industries have both prompted liberalization and protectionism in some countries. In 2002, the United States raised tariffs on imported steel to help its local industry from a price war, and to create the competencies it would need to become more viable in the world market. As steel is at the core of a large number of products, increases in the base product have a tremendous effect on the prices of the subsequent product and thus on several price indices.
Naturally, in order to understand how the play itself is autobiographical, one must perform a great deal of background analysis into the early life of Arthur Miller. Once this has been completed, it is readily seen that Arthur Miller’s protagonist Willy Loman is likely a direct representation of his own father – Isadore Miller. Yet, this autobiographical nature should not be considered merely as a means of Arthur Miller relating a story. rather, it has a correlation with respect to the way in which life is understood and represented within middle class America during the time period in question. specifically the perennial fear of abandonment that is felt not only by Willie Lowman, but by his family. The first evidence of this fear of abandonment is with regards to the unbelievably high esteem that Willie Lowman has for an individual who gains the trust and respect of his business partners and/or clientele. An overarching theme of the entire play is the unnatural and dogged determination that this level of love and respect, on the part of his clients, is what defines him from the faceless mass of individuals throughout society. Ultimately, rather than merely representing a narrow-minded salesman that struggles to find a place in this world and define himself differently from others, the greatest level of understanding that can be provided from a psychological standpoint is the fact that Willy Lowman is in fact terrified of the reality of abandonment and censure (Hooti Farzaneh 19). This fear keeps him feverishly working and preaching the gospel of self sufficiency and good relations with clients to any and all who will listen. Rather than viewing Willie Lowman as a completely and entirely deranged individual, it is far better to understand his particular case from the standpoint of an individual that has traumatized from some previous instance. forever fearful that a life of abandonment and solitude will be his to live. But perhaps the greatest irony that is represented within Arthur Miller’s play is with regards to the fact that the greatest fear that Willy Lowman has is in fact realized. Unbeknownst to Willy Lowman, as he lies dying, the abandonment and ostracism from the very individuals that could have cared about him and would have otherwise helps to ameliorate the greatest fear that he had, were disassociated from him and ultimately standoffish. Although it is of course true that his two sons were by the side, as well as his loving wife, the level of disassociation it was represented within this particular scene helped to reinforce the irony of a man that was perennially fearful of the loss of relevance that he may have if he ever came to find himself in a position of being unloved and/or unneeded. Miller’s own early life was eerily similar to that of what the reader is made aware of Willy Loman’s life. For instance, Miller grew up in an upper-middle class neighborhood in New York City. the son of Polish Jewish immigrants. Miller’s own father was a successful businessman in a textile mill. which eventually employed 400 individuals. This successful lifestyle enabled the family to enjoy the luxuries of having a new car at a time when cars were still a novelty, attending private schools, and enjoying the occasional vacation. However, the good times would not last as the crash of 1929 and the onset of the Great Depression shattered the family’s bliss. Miller’s father, out of work and out of options sold their home and moved to Gravesend, New York. It was during this time that young Arthur Miller was forced to take a bread route ever morning
The major factors affecting the restaurant business are the price and quality. The price and quality are in turn determined by several factors such as demand and supply. This paper focuses on how different factors and concepts can affect the operations of a restaurant business located in Bolton. The concepts that will be considered include market demand and supply, concepts of elasticity of demand and supply, determination of equilibrium, business organisation and behavior, and the market structure. Market Demand and Supply Analysis of demand and supply gives insights into how markets operate. Additionally, the demand and supply concepts explain how sellers are able to allocate prices to goods and services. Restaurant businesses deal with provision of goods and services. The restaurant industry is greatly influenced by the supply and demand forces. In a restaurant business, there is a need for balancing of resources, which are often scarce. Understanding supply and demand factors and their application in the restaurant business is crucial since it affects the sales and purchases and, hence, crucial decisions in a business. Supply and demand varies from place to place as well as with time (Parsa, et al., 2005. Taylor and Weerapana, 2011). The supply in a restaurant business is determined by several factors, which include the price of the goods. Tastes and preference of the consumers is another factor affecting the restaurant business. The number of consumers varies and this determines the quantity of foods that restaurants require to make. Additionally, the income level of people living around the restaurant, who comprise the prospective customers, determines the quantities of foods restaurants require to prepare. In Bolton, the number of restaurants is quite high. The commodity price, which is in this case food, is determined by both supply and demand. The commodity prices greatly affect the profitability of restaurants. Commodities such as vegetables and meat are affected by food production. When the prices for commodities are low, restaurants can reduce the prices of their foods without compromising on the profitability of the business. However, when commodity prices are high, it becomes hard to attract customers through price reduction since this would lead to losses (Greco, 2005. Taylor and Weerapana, 2011). The supply and demand affect the price of commodities in restaurant business. If the supply of raw food is less, the demand will be more resulting in increased prices. High prices for raw foods will reflect in the restaurant menu. For the restaurant at Bolton, the manager must assess how the price of the different ingredients required will affect the sales. Additionally, the manager must consider the economic statues of the customers to determine the ingredients to use. If the customers are willing to pay much, the manager should focus on upgrading the ingredients to improve the quality. In Bolton, the economic situation is considerably good and people are willing to spend much at eating out. Therefore, it would be advisable for the manager to focus on quality. Customers are likely to be interested more in the quality than in the price (McEachern, 2011). There must be ways of attracting customers and retaining them. Since the number of restaurants is considerably high, consumers will be tempted to try out different outlets. Therefore, a
SOS Children’s Village International: A Nonprofit Organization Almost all profit-gaining companies are mindful of their financial status that they often view a successful business based on the figures of the business’ gained profits. In the case of not-for-profit oriented or nonprofit organizations, they do not necessarily make profits. however, they are still mindful of their financial standing, thinking that funds will certainly help them in attaining their own goals. One example of a nonprofit organization is the SOS Children’s Village Lockport located in the United States. This paper will present the cash availability of the said organization, following its status in the market and its current financial situations. The SOS Children’s Village SOS Children’s Village Lockport in Chicago, Illinois is one of the many existing organizations of SOS Children’s Village International. Among the 133 operating sites of SOS Children’s Village across the globe, I am personally attached to SOS Children’s Village Lockport, not just because the organization is found within United States, but because I have seen its efforts in helping Chicago orphans to live a better and happy life. Honestly, I have always wanted to help the less fortunate in the country, and to support all the endeavors of SOS Children’s Village Lockport is one of the many ways for me to help. SOS Children’s Village believes a child can fully develop his/her potential with the protection and support of a family. That is why the organization establishes a sense of family outside and within, in order for such a belief to become reality. Knowing all of these, it is not surprising that SOS Children’s Village has continued its mission of building families, helping children mold their futures, and sharing in the improvement of communities (SOS Children’s Villages National Website, 2012). Organization’s Cash Availability Since SOS Children’s Village International is a not-for-profit organization, all its existing sites, including the SOS Children’s Village Lockport, operate through donations and fundraising in order, not just to think, but to act and help millions of children reach their desired beautiful life despite having hindrances, such as poverty, family problems and lack of opportunity for good education. As of 2011, the organization’s income coming from the raised funds and various donations reached up to 886.8 million Euros, with Germany as the number one contributor worldwide. Sole donors have contributed fifty-six percent of the total income, while business donations reached 35 million Euros (SOS Children’s Villages National Website, 2012). These overwhelming amounts were made possible through the cooperation of SOS Promoting and Supporting Associations, all existing sites of SOS Children’s Village International, various notable foundations and non-governmental organizations. An organization aiming for financial stability can withstand its upcoming endeavors for the coming years. Organization’s Status in the Market The organization has been successful in achieving its goals, as well as in maintaining relationships among people all over the world. While striving to gather all its existing partners together, SOS Children’s Village continues to become a trustworthy organization in the market. United Nations have been contributing help for SOS Children’s Village since 1995, and major groups such as local and international NGOs, the Council of Europe European Union and celebrity supporters such as Angelina Jolie and Dalai Lama have also been helping because of SOS Children’s Village’s ability to make people feel that the organization itself has been true in its advocacies. With all the help in the market, SOS Children’s Village was able to make developments within the organization. 2011 has paved way to its expansion, with the same priority of supporting family-based responsibilities and most importantly, preventing biological families from separation and disruption (SOS Children’s Villages National Website, 2012). Up to now, people have been committing themselves to offer support (SOS Children’s Villages National Website, 2012). Organization’s Financial Situation To encourage people to contribute help in any not-for-profit organization is not that easy. People also have doubts whether the organization is authentic in using funds. Its financial situations must always be transparent in order for people to trust the process of asking monetary help. In the case of SOS Children’s Village, as much as possible, it seeks to have a transparent status in order to entice people’s trust. It also does all other ways just to procure help. For instance, SOS Children’s Village Lockport sets itself amidst essential industries in Chicago for easy access from people who would like to help. All other SOS Children’s Village sites have also made themselves accessible and transparent. Its International Annual Report 2011 shows that SOS Children’s Village had recently spent 90 million Euros, emphasizing an increase from the previous year’s 53 million Euros in its expansions (SOS Children’s Villages National Website, 2012). Reference SOS Children’s Villages National Website. (2012). Retrieved from http://www.sos-childrensvillages.org/Pages/default.aspx
Entrepreneurs take risks on a daily basis. In their operations, they seek to increase their market shares thus compelling them to carry out extensive market researches with the view of increasing their operations. Small businesses feel the pressure since they have smaller capitals but have the desire to increase their capital bases through heightened wealth creation. To achieve such, most small businesses diversify their operations thus spreading their risks across several industries. Most small business suffers from uncertainty, by diversifying their operations and products they venture into different industries and markets thus retain a portion of every market. With such an operation, the businesses have a surety of excellent performance in at least an industry thus cushioning the rest from possible loses. The uncertainty and the lack of adequate capital thus compel small entrepreneurs to view entrepreneurship as concerned with wealth creation.Bigger companies have well-structured decision-making organs and make decisive decisions on their investments. Additionally, such businesses enjoy larger market shares and larger capital bases. They can, therefore, take risks and gamble with their investments. Such are the luxuries that smaller businesses do not enjoy. Smaller entrepreneurs approach the practice with the view of making more money and saving as much of it as possible. While a big business like Wells Fargo in the United Kingdom can decide to venture into real estate, a smaller business owned by a sole proprietor may not since such individuals lack adequate capital and may not dare risk their small capital on such a precarious industry. This depicts the inability of smaller businesses to carry out effective market research and capital drives. Big businesses use their money to create more capital while smaller businesses save up their profit in the process of capital accumulation and wealth creation (Peter, 1994).Management, a fundamental operational feature in businesses refers to the coordination of the people concerned in order to realize a set of goals and objectives. The management of small businesses is less coordinated owing to their small structures. Big businesses, on the other hand, have effectively coordinated structures and therefore make informed investment decisions less likely to incur losses. In a small business context, management is reduced to a one-person affair. Management in an organization comprises staffing, controlling, planning and organizing the activities in a business organization. The functions are all vital in the achievement of the objectives of the business (Homburg, Sabine Harley, 2009). To big businesses, such functions are well coordinated by professionals who make effective decisions concerning the attainment of the organizational goals. Big organizations have elaborate structures and may not always benefit an individual. In such organizations, the longevity of the business and its sustained profitability is always of more importance to the management and the stakeholders than the accumulation of wealth. The case is different in smaller businesses with smaller management structures, in such businesses. decision-making is the responsibility of the proprietor. When a business serves the interest of the individual, the dreams and aspirations of the business become increasingly compromised as they seek to meet those of the proprietor most of who view business as a means of creating more wealth.
The paper dwells upon the factors affecting recipes and menus for specific systems. Different systems will have different factors affecting their recipes and menus. In the conventional system, recipes and menu items are flexible depending on the tastes and preferences of the customers. With the onsite kind of production, the management, and cooks interact with the clients almost on a daily basis and therefore have to modify the menu. In both systems, menus will be affected by the current budget, and skills in preparing specific food. In addition to that, the time taken to cook specific food, and when they will be required by the customers will also affect the recipes and menus. As indicated before, the conventional system is labor intensive, explaining why it is costly. With the decentralized kind of operation, many employees are required to ensure that every point remains active. With the view of reducing the cost of operations, this system employs both skilled and unskilled staff members. However, this has implication on the quality and consistency of the food prepared. On the other hand, the centralized food system has fewer employees, who are also highly skilled. The resulting advantage is improved food quality, consistency and control of resources to prevent waste. With fewer staff members, there is low cost of operations leading to high returns. Justify the suitability of systems for particular food and beverage outlets (P4) The discussed food systems are suitable for particular outlets. For instance, the conventional system is particularly suitable for restaurant, and institutions of learning search as colleges. As indicated before, there is a high perception of high quality of food under this system. This perception will be imperative in increasing sales in these settings. This attracts and retains such clients, which is a competitive edge of the business. On the other hand, the centralized system is more convenient in
Chetty and Campbell-Hunt note that as a result of the identified weaknesses of the traditional approach to strategic planning, the contemporary approach was developed. The contemporary approach uses the process of planning to develop an organization’s adaptability and flexibility as a way of enabling the organization to prosper and survive in the highly competitive business environment. This approach uses methods such as environmental scanning and scenario planning to help the organization build and test various strategic alternatives. This is considered important because it enables an organization to respond appropriately to the changing business environment, in addition to helping it shape the business environment. Besides, this approach puts emphasis on the relationship between the strategy planned and the organizational culture. This is based on the belief that if the strategy is to be effective then all persons involved in the organization should adapt to changes brought about by the strategy. The strategic plans are used to articulate the day- to day activities of the organization’s activities towards achieving the set targets, goals, and objectives.The traditional and contemporary approaches to strategic planning share some common characteristics. Both of them are founded on the following key components of business organizations: values, mission, and vision. Also, both approaches engage certain processes of strategic planning. that seeks to examine the following: the current situation of the organization, the possible ways of attaining the intended goals, and the available resources that can be allocated in the pursuit of the strategy. In addition, they use various tools and approaches to facilitate their workability. For example, the traditional approach uses SWOT analysis and assessment of internal and external environments, whereas contemporary approach uses tools and approaches such as environmental scanning and scenario planning.
The economic reforms which were brought about in the 1980s, allowed some kind of substantial growth until Vietnam had to face the adversaries of the financial crisis in 1997. Vietnam is now an eminent member of World Trade Organization, where she has been able to take some progressive steps for the transformation of its present economy into an economy which will be based on the market mechanism and since then it has seen her economy growing and becoming an attractive market for investments in the international sphere. The country has emerged as a major developing country in the Asian region though it is yet to match the other stronger Asian economies like China. Nonetheless, the country is on the verge of transformation into a potentially successful economy. This report has been prepared for the CEO of the ‘Read the World’, a British origin company, that has appointed the consultancy firm for the purpose of evaluating the market for books in Vietnam if presents the threats and opportunities of operating their business that exist in the country. The report focuses on the social initiative of reading the World that functions with the aim of designing and producing educational books and magazines for the needy people in developing markets. The Economic Freedom index is actually a series where ten economic measurements have been created by The Heritage Foundation and The Wall Street Journal. It is stated as an objective to measure all the degree of economic freedom in the aspects worlds nations. The highest strata of economic freedom are to provide an absoluteness to the right of property in the ownership, this will be fully realized by various freedoms of movement for capital, goods, and labor.
It should be kept in mind here that this is a symbiotic relationship, benefiting both the parties on a consistent basis. It has also been seen that the developed nations are more than happy to outsource their work and set up offshore avenues in order to earn revenues and make the most out of their business. However the litigations that are in place with regards to setting up these industries is something that needs to be delved into by them in detail and we, as students of the same, will try our best at understanding the whole ball game.Global sourcing is a phenomenon which is on the rise with the passage of time. It is also known as ‘outsourcing’ as it looks to cover the weak areas of a business, enterprise or a country for that matter in another’s area of strength, manpower abundance, and availability of proper resources. However all this requires sound planning and immediate provision of funds which will not only benefit the two parties but also the major (and minor) stakeholders, the employees working at the sites and above all the whole society who is about to go on a radical shift in their fortunes.To start with, outsourcing is defined as the amalgamation of the required skill set from a number of different areas with the eventual aim of benefiting the people in a number of ways by providing them what they really need as well as provide back to the organization and at times the country as well. Outsourcing of late has come out as something that is becoming a trend and this is an important issue to surface in recent times. It has also hit the presidential elections in the United States. With outsourcing comes a responsibility as well. The companies need to understand their duties towards all the relevant stakeholders as well as the employees. More than that, it needs to dispel all forms of negative notions which are related to the issue of outsourcing.
Cars start pouring into the parking lot. As the morning comes to its full glory, the diner is jam packed, the staff trained by Pa and Ma Ben, bustle about, behind the counters, serving while a Motown playing juke box sets the rhythm. The place has the comfortable 1958 feel, look and tastes. The chili is the same, ‘fresh and homemade with love. Even all the furniture is original, as demanded by fanatic patrons. Big modern flat screen TVs adorn the walls of its branches but it is the historic pictures of family and the famous patrons over the years that people look at inside The Bowl’’. You want the old home and hearth of good old America, its Ben’s you come to. A treasure kept suspended in time from the flower days. That’s what earned it the won the James Beard Foundation recognition as an American Classic,All Washington comes here to dine and chat. Tourists on trips, cops on beats, newsmen on prowl, lorry drivers, cabbies, college students, business magnates, neighborhood folks, musicians and artists all hang out here. Business men and uniformed staff slip in for breakfast before work, Men and women sipping coffee and eating cheese grits or toast before going to work. .Workers and tourists come in for lunch and burger gobblers come at night. The staff dance and pose for pictures. Its crazy hours, anywhere from 6 in the morning to 2 or 3, the next day, are designed to fit all and sundry, even the night clubbers who home in at these wee hours.Barbershop Everyone is family, owners, staff, and guests. Bens is like a popular barbershop or beauty salon, a place where a janitor sits next to a judge, where the regulars gather to gossip, laugh, and joke. Just random people having random conversations, Nizam Ali (son of Ben Ali) said. Alternatively, in his Mother’s words a social melting pot, the crowd is increasing of all hues [Alexander, Keith L].
When globalization was initially appeared in the global arena, China watched it suspiciously since they perceived some hidden agenda at the backdrop of globalization. China earlier perceived globalization as the continuation of capitalism . China though, globalization as, an effort by the capitalist countries to loot the resources and wealth of other countries. So, China stayed away from globalization initially. However, after few years after the introduction of globalization, China’s illusions and misinterpretations about globalization started to melt down. At present China is the number one exploiter of globalization and they opened their economy and market wider than any other country in the world for foreign direct investment. Moreover, China is the number one trade partner at present for the United States. The ideological differences or the different opinions on global issues never prevented China from establishing close trade relationships with America. In short, globalization succeeded in bringing contrasting cultures and political systems much closer.When globalization was initially appeared in the global arena, China watched it suspiciously since they perceived some hidden agenda at the backdrop of globalization. China earlier perceived globalization as the continuation of capitalism . China though, globalization as an effort by the capitalist countries to loot the resources and wealth of other countries. So, China stayed away from globalization initially. However, after few years from the introduction of globalization, China’s illusions and misinterpretations about globalization started to melt down. At present China is the number one exploiter of globalization and they opened their economy and market wider than any other country in the world for foreign direct investment. Moreover, China is the number one trade partner at present for United States. The ideological differences or the different opinions on global issues never prevented China from establishing close trade relationships with America. In short, globalization succeeded in bringing contrasting cultures and political systems much closer. According to Lauder et al (2006), many people tempted to think globalization as the process of transportation of jobs, ethnic and cultural composition of nations etc from one country to another . The above assumption is true up to certain extent. As stated before, many Chinese people are currently working in America and many Americans are doing business in China at present. It was difficult to think of an American firm establishing business ventures in China, a couple of decades before. Earlier, China disallowed the foreign direct investments in their soil because of their suspicions about the intentions of the foreign firms. However, at present China realised that without foreign direct investment, a heavily populated country like China cannot develop properly. Dharam Ghai (1997), has mentioned that free market and private enterprise were the principal mechanisms for promoting economic activities in the sphere of economic globalization.
The first is through the use of a scale that ranks several characteristics that are associated with job-related behavior or personality. It is easier to compare different personality or behavioral traits by ranking them on such a scale. The limitation associated with this method of assessment, however, is that such traits are difficult to measure because they are subjective. The method of self-assessment allows employees to measure their own performance using a structured appraisal form. The advantages associated with this method are that it allows employees to participate in their own appraisal process and facilitates their own self-analysis, which in turn functions as a tool for discussion. The limitation associated with this method, however, is that it permits the application of a too lenient structure and thereby could prove to be a potential source of conflict between the person performing the appraisal and the person whose performance is being appraised. Lastly, the development center method uses BMC Consultancy, which provides a range of individual and group tests and tasks for employees, which are then assessed by trained assessors. This method is the best of the three methods because it (a) allows for the assessment of a range of dimensions and (b) it is objective rather than subjective.It is significant to note that the current performance management systems at SB may not take into account the impact of leadership patterns on employee performance. The proposals for improvement are primarily based upon improvements to the existing interview process for the employees, such as ensuring a more thorough preparation process for both the appraiser and the appraisee. This report carries out an examination of the existing literature on the impact of leadership patterns on organizational
Journal entries for 2014 and 2015 using the Area-of-Interest Method.
Account Description Ledger 2014
Journal 1 Exploration costs – Locomotive
Being writing off exploration costs P/L
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In 2018 XYZ purchased equipment for $9,000 that will be depreciated for ﬁnancial statements and tax
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