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Thus, Bruce's desire to leave the company was a surprise. Lastly, there was a failure to adequately communicate David's firing quickly. By waiting, Kalinsky opened the situation up to Bruce's interference, which in turn only made the situation worse. Each of these four communication problems contributed to the situation that Kalinsky faced, with two investors seeking to leave the company, including one he did not envision leaving.
Many of the conflict styles used in this case by Kalinsky met with failure. His avoidance of the conflict with David only served to make the problem worse. It festered, and resulted in bad blood between the two. Moreover, it compromised Kalinsky's ability to oversee his company's operations, nearly costing him the firm's biggest client. This initial conflict could potentially have been resolved through collaboration. The needs of all three men could have been discussed. This would have provided Kalinsky with a framework…
Works Cited:
Williams, S. (n.d.). Conflict management -- Style and strategy. Leader Letter. Retrieved November 29, 2009 from http://www.wright.edu/~scott.williams/LeaderLetter/conflict.htm
No author. (2009). Negotiation types. Negotiations.com. Retrieved November 29, 2009 from http://www.negotiations.com/articles/negotiation-types/
Green, M. (n.d.). Choosing a conflict management style. Ohio Commission on Dispute Resolution and Conflict Management. Retrieved November 29, 2009 from http://disputeresolution.ohio.gov/schools/contentpages/styles.htm
This means that the staff at Nordstrom's marketing department needs to implement a continuous process of learning in order to be able to integrate the new technologies within their endeavors.
Considering that Nordstrom has decided to enter the Mexican market, they need a strong promotional campaign. A first element of this campaign would be that of advertising the company in itself. This would have the benefit of creating a favorable public perception, with the ultimate benefit that the population, the consumers and the community would welcome the retailer. In order to achieve this desiderate, the company officials, including CEO Blake Nordstrom, should offer interviews and feature in television programs, radio programs and magazines and journals, both general as well as business specific. The information sent by the officials would revolve around the benefits of having a Nordstrom store in their community, such as the creation of more jobs or the…
References:
2009, The World Factbook -- Mexico, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook/geos/mx.html last accessed on November 20, 2009
2009, Nordstrom Website, http://shop.nordstrom.com / last accessed on November 20, 2009
Destination CEO, Nordstrom Business Case
P&G's free cash flow growth rate is also superior to Gillette's, but the productivity of the free cash flow is inferior. The addition of Gillette is expected to increase P&G's bottom line.
4. The price paid by Procter and Gamble to purchase Gillette seems rather high, but the investment is expected to return in the form of increased sales and cost reductions. The 20% premium is appropriate as it is aligned with other premium shares offered by other mergers and acquisitions in the industry. Also, the 0.975 exchange ratio of P&G shares per one Gillette share seems rather fair, as nor Gillette neither Procter and Gamble shareholders are faced with major lossess. However, it would have been perfectly fair for the shares to be exchanged at a 1: 1 ratio.
5. The studied data reveal that Procter and Gamble bases their business strategy on mergers and acquisitions of important brands…
While during the period 2000-2005, Procter and Gamble has registered significant growths, Gillette has also increased their profits, but a slower rate. Both companies have followed a constantly ascendant trend, but at different growth rates. P&G's net sales for 2005 had registered a 42% increase as compared to the company's net sales of 2000. Gillette's net sales for 2005 were higher with 36% as compared to the sales of 2000. Over the six fiscal years (2000-2005), P&G registered a 42% growth rate in long-term debts, while Gillette's debts only grew by 29%. P&G's free cash flow growth rate is also superior to Gillette's, but the productivity of the free cash flow is inferior. The addition of Gillette is expected to increase P&G's bottom line.
4. The price paid by Procter and Gamble to purchase Gillette seems rather high, but the investment is expected to return in the form of increased sales and cost reductions. The 20% premium is appropriate as it is aligned with other premium shares offered by other mergers and acquisitions in the industry. Also, the 0.975 exchange ratio of P&G shares per one Gillette share seems rather fair, as nor Gillette neither Procter and Gamble shareholders are faced with major lossess. However, it would have been perfectly fair for the shares to be exchanged at a 1: 1 ratio.
5. The studied data reveal that Procter and Gamble bases their business strategy on mergers and acquisitions of important brands that bring value to the company. However, their own efforts to increase this value are rather limited. First of all, P&G executives should cease any future mergers and acquisitions and focus on increasing the value of their current products. In addition, they should integrate the Gillette products, as well as other purchased products under the culture and values of P&G. They should eliminate from the lineup those units which fail to become integrated or do not retrieve the desired productivity.
Market Analysis
The third principle, that markets that don't exist can't be analyzed, reminds managers that assessing the effects of disruptive technologies is often counter-intuitive to good management practice. Many companies require the development of a business case and a business plan for new products. This approach is generally very successful when applied to sustaining technological innovations, because the market is well-known; however, when companies apply this strategy to new, emerging markets resulting from disruptive technologies, they become paralyzed. They are seeking data on markets that do not yet exist. Christensen concludes that businesses can counteract this principle by planning for failure and taking a discovery-based planning approach to disruptive technologies. Managers should not plan on being right all the time and should view their initial strategy as a learning opportunity. As they gather data, managers must be prepared to make revisions to their business plans.
Capabilities and Disabilities
The…
References
Boyles, D.R. (2005). Schools or markets? Commercialism, privatization and school-business partnerships. Mahwah, NJ: Lawrence Erlbaum Associates.
Culpan, R. (2002). Global business alliances: Theory and practice. Westport, CT: Quorum Books.
Dale, J.G. (2005). In dire straits: Why big oil needs transnational regulation. Journal of International Affairs, 59(1), 288.
Exxon. (2007). Yahoo! Finance: Market Guide. [Online]. Available: http://finance.yahoo.com/q/sec?s=XOM .
Business Case Analysis
The Celtel Corporation has operated under strictly plain rules of doing 'clean business'; however, the choice of operating in African states was bound to pose a problem in their business dealings sooner or later when the widespread corruption in the region would catch up in a way that the co-founders, Terry hodes and Mo Ibrahim, would not be able to weave around and overcome. Initiating a mobile network license in the region of New Guinea was the pinnacle, thus, that posed the most financially devastating crux for the company (Karim et al., 2009).
While on prior occasions, hodes and Ibrahim had managed to find ways where bribery could be clearly avoided, the New Guinea government clearly would not let the company expand their offices in the region without it. Sir Alan udge, who had taken over as CEO from Ibrahim, was new to the intensity of the…
References
Karim, A., Putimahtama, T. And Mullins, J. (2009). Terry Rhodes (A). London Business School.
Other data has reported that if a person begins to administer CP alone, then the best chance the collapsed patient has for survival is if EMS arrives with a defibrillator before 8-12 minutes (American Heart Association, 2006).
EFEENCES:
Cagle AJ, Diehr P, Meischke H, ea T, Olsen J, odrigues D, Yakovlevitch M, Amidon T, Eisenberg M. Psychological and social impacts of automated external defibrillators (AEDs) in the home. esuscitation. 2008; 76(2):226-32.
Cummins, O; Eisenberg MS; Hallstrom AP; Litwin PE. Survival of out-of-hospital cardiac arrest with early initiation of cardiopulmonary resuscitation. American Journal of Emergency Medicine. 1985; 3(2): 114 -- 9.
Gallagher, EJ; Lombardi G; Gennis P (December 1995). Effectiveness of bystander cardiopulmonary resuscitation and survival following out-of-hospital cardiac arrest. JAMA. 1995; 274(24): 1922-8.
Higashida T, Furlan AJ, oberts H, Tomsick T, Connors B, Barr J, Dillon W, Warach S, Broderick J, Tilley B, Sacks D.Trial design and reporting standards for…
REFERENCES:
Cagle AJ, Diehr P, Meischke H, Rea T, Olsen J, Rodrigues D, Yakovlevitch M, Amidon T, Eisenberg M. Psychological and social impacts of automated external defibrillators (AEDs) in the home. Resuscitation. 2008; 76(2):226-32.
Cummins, RO; Eisenberg MS; Hallstrom AP; Litwin PE. Survival of out-of-hospital cardiac arrest with early initiation of cardiopulmonary resuscitation. American Journal of Emergency Medicine. 1985; 3(2): 114 -- 9.
Gallagher, EJ; Lombardi G; Gennis P (December 1995). Effectiveness of bystander cardiopulmonary resuscitation and survival following out-of-hospital cardiac arrest. JAMA. 1995; 274(24): 1922-8.
Higashida RT, Furlan AJ, Roberts H, Tomsick T, Connors B, Barr J, Dillon W, Warach S, Broderick J, Tilley B, Sacks D.Trial design and reporting standards for intra-arterial cerebral thrombolysis for acute ischemic stroke. Stroke. 2003;34(8):e109-37.
Business Case for Investment
Business and technology investment
Kudler Fine Foods is one of the food stores which have always worked towards satisfaction of its customers in every level. With the coming technology it has not been left out and has considered technology investment strategy that will see its customer feel a sense of satisfaction. The paper will analyze the business case for investment of Frequent Shopper Program in Kudler Fine Food.
Scope
Describing what is to be included within the project and vise-versa is an essential way of ensuring that every contributor has to come to an agreement with the coming task. Having three locations and new e-commerce segment to consider, Kudler Fine Foods will have to understand the way it will interact and the effect the coming project will have, (David, C. J, 2006). Investing in Frequent Shopper Program starts with scanning the membership card for the customers…
References
Competitive Intelligence Program. (2008), "E-commerce" Knowledgepoint.com. Retrieved October 30, 2013 from http://www.britannica.com/eb/article - 9126084
David, C.J., Fuller, R.M., Tremblay, M.C., & Berndt, D.J. (2006). Communication Challenges in Requirements Elicitation And The Use Of The Repertory Grid Technique. The Journal of Computer Information Systems. Retrieved October 30, 2013. ProQuest: ProQuest Computing database.
Gomez-Meija, L.R., & Balkin, D.B. (2002). Management. New York: McGraw- Hill. Random House. Retrieved October 30, 2013 from http://dictionary.reference.com/browse / commerce
Keyes, J. (2002). Software Testing. Software Engineering Handbook. Retrieved October 30, 2013. CRCnetBASE: ITKnowledgeBASE database. dio:10.1201/9781420031416.ch16
This approach has allowed Zipcar to place its vehicles strategically to maximize their availability to the very consumers who are most likely to utilize its services in every city in which it operates.
Initially, Hertz actually considered making an offer to purchase the entire Zipcar enterprise. Instead, it opted to develop its own version of the same service since there are no proprietary rights associated with merely adapting existing consumer transactions to the smart phone medium. To increase consumer awareness of its Hertz on Demand program, the company is currently preparing an aggressive advertising campaign in major cities such as New York that incorporate online and print newspapers ads, billboards, and even New York City subway platforms. In principle, the Hertz approach is to emphasize the affordability of per-hour rentals instead of traditional rentals by the day and the convenience of making reservations and changes via their cell phones and…
Reference
Clothier, M. "In the Race for the Carless, Can Hertz Outrun Zipcar?" Bloomberg
Businessweek, (April 2-8, 2012).
The rational decision-making model has a logical flow from goal setting to the implementation of the change strategy. That alsh and Mangel used this model is evident even in the implementation part of the change. They dismissed their commission reps outright, rather than undertake half measures. This was consistent with their vision for their organization going forward. It is that consistency of vision, strategy and implementation that defines the rational decision-making model.
alsh and Mangel changed because they were forced to. Shifts in their environment were beginning to threaten the ongoing viability of their company. As such, they were compelled to make dramatics changes to the structure and culture of the organization. They took a very rational approach to the issue, and demonstrated consideration for the ethical implications of their actions. They understood that there were going to be some strong negative impacts on co-workers with whom they have developed…
Works Cited:
Entrepreneur Magazine. (1998). Leading organization change in the 21st century. Entrepreneur Magazine. Retrieved December 11, 2009 from http://www.entrepreneur.com/tradejournals/article/20950471.html
Shapiro, D. & Kirkman, B. (1999). Employees' reaction to the change to work teams: The influence of anticipatory injustice. Journal of Organizational Change Management. Vol. 12, 1, 51-67.
Reh, J. (2009). Managing change: Managing people's fear. About.com. Retrieved December 11, 2009 from http://management.about.com/cs/people/a/MngChng092302.htm
Business Case
Defining the Problem
The position with SK Telecom in South Korea "seemed like a dream job" for Linda Myers, who would become one of the first American female executives in the South Korea (p. 124). Yet Myers, and her organization, underestimated the importance of understanding the nuances of Korean culture. Myers had worked abroad as an expatriate before and assumed that all countries outside the United States would pose similar challenges. She was wrong to make this assumption. "Although she'd been in new cultural situations before, this one seemed more difficult to navigate," (p. 124). If Myers had been more willing to consider what Korean business culture would be like, she might have avoided some of the problems that occurred. "Her experience prepping clients to work for Western multinationals in China and other countries did not easily translate to her situation in Korea," showing the importance of treating…
References
Aycan, Z., Kanungo, R.N., et al. (2000). Impact of culture on human resource management practices. Applied Psychology 49(1): 192-221.
Green, S. (2011). The would-be pioneer. Harvard Business Review. 89(4), 124-126.
"Hofstede's Cultural Dimensions" (n.d.). Retrieved online: http://www.mindtools.com/pages/article/newLDR_66.htm
Business Case tudy -- UA Motors
Why didn't the paid absence plan work?
The paid absence plan did not work primarily because it lent itself to abuse. Instead of providing incentive to give appropriate notice of absences, it allowed employees to exploit the mechanism as a means of increasing their pay. The main reason that was possible is that the paid absence mechanism would have required a corresponding increase in the organization's regulation and control of the other rules pertaining to absenteeism. For example, instead of imposing a mandatory requirement that any "discretionary" absences must be "use-or-lose" absences, the existing policy allowed them to be accrued and retained after the fiscal year. When combined with the fact that the organization already liberally allowed "unexcused" absences, that removed any possible incentive to "waste" any additional paid absences and created a very natural incentive to do precisely that: to accrue unused paid…
Sources Consulted:
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. Upper Saddle River, NJ: Prentice Hall.
Robbins, S.P. And Judge, T.A. (2009). Organizational Behavior. Upper Saddle River,
NJ: Prentice Hall.
For instance, the price would naturally have to rise in order to cover the cost of the contracted production, but Shelly's company would not be getting more money per pie despite any increases in the original prices of the pies. Any net profits acquired through a price increase would be forfeited to the third party contractor. The overall net profit of each pie would also go down. This means that the company would be working harder for less money, which is not a viable decision for working towards an expanded future.
The strongest option available to Shelly would be to temporarily increase prices and maintain current production levels. According to the rules of economics, "The law of supply and demand predicts that the price level will move toward the point that equalizes quantities supplied and demanded," (Net NBA 1). Thus, the levels of supply and demand must reach an equilibrium…
References
Henderson, Hubert D. Supply and Demand. Kessinger Publishing. 2004.
Hirt, Geoffry & Ferrell, Linda. Business: A Changing World. 5th ed. McGraw Hill. 2005.
NetMBA. "Supply and Demand." Internet Center for Management and Business Administration. 2007. Retrieved 28 Oct 2009 at http://www.netmba.com/econ/micro/supply-demand/
Alternative 2
Although there's some room for deception and fraud, the risk for AC is minimal, especially since it recruits mostly from colleges. Therefore, AC should not invest in new resources to resolve its problems. Instead, existing recruiters such as Carl Robins should make every effort to identify application, transcript, drug screening, training material and training schedule issues and resolves these with the help of human resources.
Alternative 3
AC cannot afford to hire new staff, not can it afford to do nothing about its current employment issues. Alternative 3 recommends a process audit to identify employees that are not currently following their job procedures along with corrective actions to make the process run more smoothly in the future. Although AC cannot afford to automate training room booking at this time, it can streamline its booking procedures through one individual to prevent conflicts.
A d.
Proposed Solution.
Alternative 1, the…
Bibliography
Drug-free workplace policy. (2004, January) SDSU Foundation Human Resources. Retrieved February 20, 2005 from Web site: http://www.foundation.sdsu.edu/hrpage/pol_form/polform_notice_drug.html
Tips on how to avoid hiring a crook. Retrieved February 20, 2005 from Web site: http://ww1.prweb.com/releases/2002/1/prweb31392.php
As we may hope to avoid future suits concerning gender and racial-related hiring practices and policies, I believe it would be a good idea to institute a program of training future managers. This would also solve some of the cultural diversity problems which have been noted in this division. Many other corporations have such a policy concerning educational advancement and I feel it would be to our advantage to institute such a policy company-wide.
Thank you for hearing me out on this crucial problem which I feel needs attention.
LETTER to ALL EMPLOYEEES in HOSPITAL SUPPLY DIVISION
As a new officer in your administration, I would like to commend you on the hard work and dedication to Oak Brook Medical Systems which I have observed in each one of you.
With this letter I am proposing an offer to any employee of Oak Brook Medical Systems - Hospital Supply Division…
Business Case Quality
Quality, value, and cost are elements or aspects that are inherently connected and firmly combined (Homer et al., 2004). Quality improvement programs have yet to disseminate as fast as possible all the way through medical facilities and hospitals (Swensen et al., 2013). Possibly, this is owing to the reason that there is a vague comprehension regarding the financial benefit to the healthcare organizations themselves, away from the benefit to the consumers and society. The purpose of this paper is to present a business case of quality improvement in the healthcare industry. In particular, the objective of the case will be to make the argument that optimal quality and improved patient outcomes have an efficacious impact for well-being (Swensen et al., 2013).
The program presented for quality improvement encompasses provider-covered or insured employee plans. As stated by Swensen et al. (2013), improvements in ambulatory and primary care results…
References
Bailit, M., Dyer, M. B. (2004). Beyond bankable dollars: Establishing a business case for improving health care. The Commonwealth Fund.
Henriksen, K., Battles, J. B., Keyes, M. A., Grady, M. L., Hagg, H. W., Workman-Germann, J., ... & Doebbeling, B. N. (2008). Implementation of systems redesign: approaches to spread and sustain adoption.
Homer, C., Iles, D., Dougherty, D. et al. (2004). Exploring the business case for improving the quality of health care for children. Health Affairs, 23:15.
Institute of Medicine. (2008). Creating a Business Case for Quality Improvement Research: Expert Views, Workshop Summary. Washington, DC: The National Academies Press; 13Y17.
Issue 11: Is Employer Monitoring of Employee Social Media Justified?
Summary of Sides
The rise of social media and the near ubiquity of its use has led to an increasing trend of employers screening potential hires and monitoring existing employees through their social media activity on sites like Facebook and Twitter. The ethicality of such monitoring has been questioned by ethical scholars Brian Elzweig and Donna K. Pepples argue that employers have a responsibility to their organizations to ensure that employees are not negligent in their actions that directly affect the company or that might negatively reflect upon the company. More to the point, these authors argue that there is no real expectation of privacy on social networking sites and that employers could not be violating any such expectation, as "a general expectation cannot be relied upon just by using the privacy settings" (p. 195). Employers are upholding their duty…
Analysis
Annabelle Lever makes a very strong argument for her case, and is ultimately convincing in her assertion that the degree of manipulation necessary to create a patentable gene warrants their continued patentable nature without ethical fears entering the picture. While it is important to respect life and the building blocks of life and to ensure that these building blocks do not suddenly fall under ridiculous legal restrictions or controls, it is also important to encourage progress in the new and still emerging area of gene creation and manipulation. Continuing to allow patents for genes and recognizing the ethical good that these patents can produce is important as brave new worlds of medical and technological capabilities are continuously invented, and limiting these patents out of a misguided fear that they will lead to control over life or the reduction of medical efficacy would be a great disservice to humanity.
The…
Business Case Quality for Athens Medical Center
A cost reduction, and high quality healthcare delivery are paramount to the values of a healthcare organization. Typically, a cost reduction is driven by operational quality, and clinical improvement leading to removal of harm, variation and waste. The objective of this paper is to present a business case to achieve quality improvement for Athens Medical Center to deliver optimal quality improve patients outcomes. Moreover, the business case develops the implementation plan to enhance the quality of healthcare delivery for our Medical Center. The implementation plan will focus on health education for diabetes patients. After 6 months of the plan implementation, the paper previews that 50% of diabetes patients who receive the health education will record a lower HA1C by 1 point. At least, 25% of the patients will be able to lower their HA1C by 2 points. (Homer et al., 2004, Swensen et…
References
Bailit, M., Dyer, M. B. (2004). Beyond bankable dollars: Establishing a business case for improving health care. The Commonwealth Fund.
Finkler, S. A., Jones, C. B., & Kovner, C. T. (2013). Financial management for nurses and executives (4th ed.). St. Louis, MO: Elsevier.
Goudreau, K. A. & Smolenski, M. C. (2014). Health policy and advanced nursing practice. New York, NY: Springer.
Henriksen, K., Battles, J. B., Keyes, M. A., Grady, M. L., Hagg, H. W., Workman-Germann, J., ... & Doebbeling, B. N. (2008). Implementation of systems redesign: approaches to spread and sustain adoption.
Business Case Analysis
Apple's Winning Strategies
FedEx
Apple's Winning Strategies:
How has Apple developed extreme loyalty among customers that has resulted in an almost cult like following?
Apple operates in the high growth and highly dynamic information and technology industry. Founded by Steve Jobs, Steve Wozniak, and onald Wayne on April 1, 1976, the company's primary aim was of developing and selling personal computers. Mac line of computers, the iPod media player, the iPhone smartphone and the iPad tablet are the products of the company that are the most well-known. It has been declared as the most valued brand in the world and is very cash rich.
According to Interbrand, the brand consultancy agency, Apple's brand was number one among all the brands in the world in October 2014 as Apple was announced to have a brand value of 118.9 billion dollars (Crum).
The company enjoys enormous popularity among the…
References
"Apple CEO Steve Jobs Holds Court On Earnings Day." CNET. N.p., 2008. Web. 13 Mar. 2016.
"FedEx - FedEx - Mission & Goals." Investors.FedEx.com. N.p., 2016. Web. 13 Mar. 2016.
"Forbes Welcome." Forbes.com. N.p., 2011. Web. 13 Mar. 2016.
Crum, Rex. "What'S Apple'S Brand Worth? More Than $100 Billion." MarketWatch. N.p., 2014. Web. 13 Mar. 2016.
Finance:
The business case is a living document that drives program activity in light of the changes in the business' external environment and lessons from the program scope. These factors are used in preparing the business case to ensure that the program is and will continue to be viable, desirable, and achievable. Therefore, the main goal of the business case is to direct program activity towards the ultimate realization of the vision and to provide mechanisms from periodic evaluation of several aspects of the program. These evaluations provide information on whether the program should progress to the next stage, be suspended until further review is carried out, or be terminated. This implies that the development of the business case is an important practice in promoting the success and effectiveness of the business. It's a process that should not be taken lightly but accorded the necessary consideration and attention it deserves.…
References:
Aldershot, GB 2006, 'The business case', in Benefit realization management: a practical guide for achieving benefits through change, Gower, Burlington, England, pp.201-210.
FAB Project Management, 2013, Borlein Region Health Service Upgrade: A Proposal to the State Government, Borlein Health 2020.
Forbes, IFW 2013, Case Study, The Borlein Local Health District: A Case Study for Strategic
Planning.
It is merely a separate agreement between the assignor and assignee in which the assignor gives its rights under the contract to the assignee for good and valuable consideration. Since an assignment is not a modification to the original agreement, it does not need to be in writing and signed by the parties to the original agreement. However, if the terms of the original agreement are altered by the assignment, such as if Kethan's terms of employment changed (different salary, different working hours, different responsibilities) then the assignment could arguably be a modification of the original agreement. However, in this case nothing about Kethan's work environment changes.
Further, the court determined that due to Kentucky public policy and case precedent, noncompetition agreements are assignable because Kentucky public policy favors enforcement of noncompetition agreeements as long as they are reasonable. This policy is designed to protect businesses from unscrupulous employees who…
Ethical Dilemmas in Business
Case One:
This is a situation where a disgruntled worker from the company's main competitor mailed top-secret information or innovative product samples to me. Some of the major concerns that arise include whether to forward the information to the firm's research department or to mail the information back to the competitor informing them what is happening. The other ethical dilemmas that arise include whether to ignore or throw the secrets away and whether to notify the Federal Bureau of Investigations (FBI). hile this situation is more of an ethical situation, it's also a legal concern because of the legal aspects that arise when choosing the most suitable course of action and the legal implications.
From a legal perspective, this situation is covered by Uniform Trade Secrets Act, which contains various provisions on misappropriation and gathering information through improper means. According to the Act, misappropriation is obtaining…
Works Cited:
Ackerman, Frank, and Kevin Gallagher. "Getting the Prices Wrong: The Limits of Market-Based Environmental Policy." Tufts University. Global Development and Environment Institute, Tufts University, Oct. 2000. Web. 30 Sept. 2011. .
Millien, Raymond. "Gathering Information on Your Competitors: Competitive Intelligence or Trade Secret Theft?" Washington D.C. Intellectual Property Attorney. DC-Based IP Attorney Raymond Millien, Mar. 2010. Web. 30 Sept. 2011. .
Whipple, Bryan. "Legal Advice: Business Law." LawGuru Answers. WebsiteBroker, Inc., 7 Apr.
2008. Web. 30 Sept. 2011. .
Estimates of cost savings from the reduction in film costs as well as through reduced work hours needed for the creation of images and the reading of images by physicians will lead to an average annual cost savings of between five hundred- and seven hundred and fifty-thousand dollars a year, leading to an overall cost benefit of one hundred- to three hundred and fifty-thousand dollars a year compared to traditional film production techniques (Hoffman 2008; ath 2010). A ten percent reduction in costs could be achieved through increasing the competitiveness of a the bidding process amongst companies that produce the technologies necessary for a successful PACS, as well as through reducing the time and personnel involved in training programs. This latter is not especially advisable, however, as indirect costs will likely be created though reductions in the efficacy of the adoption and a reduced improvement in treatment efficiencies and speeds…
References
Cannavo, M. (2005). "The new PACS puzzle: Cost and technological change." Imagining economics (July). Accessed 20 October 2010. http://www.imagingeconomics.com/issues/articles/2005-07_04.asp
D'Asseler, Y.; Koole, M.; Van Laere, K.; Vandenberghe, S.; Bouwens, L.; Van de Walle, R.; Van de Wiele, C.; Lemahieu, I. & Cierckx, R. (2000). "PACS and multimodality in medical imaging." Technology and health care 8(1), pp. 35-52.
Jackson, P. & Langlois, S. (2005). "Introduction of picture archiving and communication system at The Townsville Hospital." Australasian radiology 49(4), pp. 278-82.
Kalyanpur, A.; Singh, J. & Bedi, R. (2010). "Practical issues in picture archiving and communication system and networking." The Indian journal of radiology & imaging 20(1), pp. 2-5.
save five percent of the company's sales and one is using last year's sales as a yardstick, that would be a saving of about $5.485 million. However, there are indeed some questions that have to be answered. First, it has to be deciphered what the sales would be for the year during which the improvements are being done, not to mention the years after that. If the sales projections over the next three to five years are not all that great or the sector or wider economy is sputtering, it would be hard to justify the project. If sales are consistent, there would indeed be a business case for the project as the project would pay for itself in six months. However, it has to be defined and figured out how much productivity and movement would be lost while the improvements are being made. Indeed, one third of the supply…
References
Burroughs, K. (2016). Change Management; What Exactly is Buy-In?. Batimes.com. Retrieved 7 February 2016, from http://www.batimes.com/articles/change-management-what-exactly-is-buy-in.html
Enslow, B. (2016). Global Supply Chain Excellence: New Best Practices to Master. Supplychainbrain.com. Retrieved 7 February 2016, from http://www.supplychainbrain.com/content/sponsored-channels/amber-road-global-trade-mgmt/single-article-page/article/global-supply-chain-excellence-new-best-practices-to-master/
O'Byrne, R. (2016). 7 ways everyone can cut supply chain costs -- " Strategy -- " CSCMP's Supply Chain Quarterly. Supplychainquarterly.com. Retrieved 7 February 2016, from http://www.supplychainquarterly.com/topics/Strategy/scq201102seven/
The treatment of the undocumented workers has legal and economic implications, but is only an issue in the political arena.
Companies that hire illegal immigrants are being socially responsible. The argument that illegals suppress wages is not based on sound evidence - the jobs illegals do would otherwise be unfilled. If anything, hiring illegals is socially responsible because it gives those people an opportunity to better themselves, something they otherwise would not have had. The notion is especially absurd given that 99% of Americans received this same opportunity at some point in their own family's history. Furthermore, mankind has an obligation to look out for our fellow man. This duty transcends any sense of duty to a state or that state's rule of law.
The only small issue with regards to illegal immigrants is that with regard to legal immigrants, those who play by the rules, sometimes to their detriment.…
Works Cited
Carroll, Archie B. (1991). The pyramid of corporate social responsibility. Business Horizons. Retrieved October 24, 2008 at http://findarticles.com/p/articles/mi_m1038/is_n4_v34/ai_11000639
Business Dispute
The nature of disputes in business is varied and in some instances they come because of the wrong performance of people. Let us take the case of Mr. Coughlin who retired from Wal-Mart in January finally gave his resignation from the board of directors on March 25th. According to Wal-Mart there was a pattern of expenses account abuses by him, as also the use of incorrect invoices for getting reimbursement of expenses. This action has been accompanied by the sacking of a few other employees also. The investigation into the matter is being carried by the U.S. attorney for the Western District of Arkansas. The matter is also being investigated by Wall Street Journal and they feel that Mr. Coughlin often forced his subordinates to create false bills so that he could get payments for his personal expenses from Wall-Mart. He is now 55 years old and this…
References
Bandler, James; Zimmerman, Ann. (8 April, 2005) "A Wal-Mart Legend's Trail of Deceit." Wall Street Journal. Retrieved from http://www.mindfully.org/Industry/2005/Wal-Mart-Coughlin8apr05.htm Accessed on 23 May, 2005
Franke, Diane. "5 tips for better business cases." (Sept. 20, 2004) Retrieved from http://www.fcw.com/fcw/articles/2004/0920/pol-5tipsbiz-09-20-04.asp Wal-Mart 2002 Accessed on 23 May, 2005
Fishman, Charles. (December, 2003) "The Wal-Mart You Don't Know." Retrieved from http://www.fastcompany.com/magazine/77/walmart.html Accessed on 23 May, 2005
"Wal-Mart Loses Unpaid Overtime Case." (20 December, 2002) Retrieved from http://www.cbsnews.com/stories/2002/12/20/national/main533818.shtml Accessed on 23 May, 2005
Business intelligence degrees are not entirely available in Canadian colleges as ‘Business Intelligence’. For example, a private university like University of British Columbia has the Business and Computer Science Bachelor’s degree. It combines a typical business degree with background and experience in computer science. “The Business and Computer Science combined major will give you the technical background and understanding to apply IT solutions in a business context and use them to develop opportunities for growth” (UBC, 2018). Each semester, students take a combination of commerce and computer science-related courses. The official degree name is Bachelor of Commerce and takes on average, 4 years to complete.
This kind of BI program is located mainly in the computer science department with year 1 courses consisting of computation, programs, and programing, models of computation, and integral calculus. Although commerce essentials are part of the program as well, like managerial accounting, course offering consisting…
Mounted on the side of the pole are 2 solar panels made by F3 Solar that are capable of generating up to 80 W. Of power.
-No lamp changes -- sealed for life.
-Fully controllable with excellent colour rendition
-Multi combination outputs.
-emote electronics.
-LED Life expectancy -- 25 years +
Prices vary by distributor
Green Column (http://www.wirefreedirect.com / green_column.asp)
The wind and solar powered solution delivers free, renewable energy which is stored in a battery ready to be consumed when darkness falls. Green Columns are already in use all over the UK on footpaths, playgrounds and car parks. (Note: Product's current battery lasts up to 10 days in mild weather, but only 4-5 days in inclement weather conditions.)
Prices vary by distributor
The following questions will be submitted to potential vendors for the solar and wind powered street LED light systems needed for the initiative envisioned herein.
1. What…
References
Alsos, G.A., Isaksen, E.P. & Ljunggren, E. (2006). New venture financing and subsequent business growth in men- and women-led businesses. Entrepreneurship: Theory and Practice, 30(5), 667-670.
Hildrum, J.M., Finsrud, H.D. & Klethagen, P. (2009). The next generation of national R&D
programmes in Norway: Consequences for action research and regional development.
International Journal of Action Research, 5(3), 255-257.
Had the Saints not engaged in corporate social responsibility, they likely would have abdicated a significant proportion of their market base.
Another example of corporate social responsibility is the recent campaign by Coca Cola to save polar bears, which are an endangered species. The polar bear effectively represents the mascot for the Coke brand, and so Coke has a (manufactured) affiliation with the species. By financially assisting the global effort to save polar bears, Coca Cola acts as corporate philanthropists while at the same time garnering positive publicity for their efforts. In this regard, good ethics are again equated with productive business (Burton, Goldsby, 2010).
Alternately, companies that disregard corporate social responsibility experience substantial corporate loss. For example, the Miami Marlins baseball team convinced the city of Miami to publicly fund their stadium, under the premise that they would spend ample amounts of money to field a competitive baseball team.…
References
Burton, K., Goldsby, M.G. (2010). The moral floor: A philosophical examination of the connection between ethics and business. Journal of Business Ethics, 91(1), 145-154.
Carroll, a.B., Shabana, K.M. (2010). The business case for corporate social responsibility: A review of concepts, research, and practice. International Journal of Management Reviews, 2(1), 85-105.
Business Startup
Business Plan
Company Overview
The new business will be a service business that operates as a small scale bed and breakfast. The hotel will consist of one large single family house that is rented by the room in a major metropolitan area that operates in a few independent niches. The first is that the house will rent a room to visitors on the emerging online platforms such as www.airbnb.com. This service allows homeowners to rent out their extra space to anyone that is interested online. Therefore users can actually stay with an individual or a family as opposed to staying at a hotel for a significantly reduced rate. There are many advantages to this model for both the customers and the room providers.
Another niche that will be targeted is that the house will represent a carbon neutral house that practices fully sustainable practices. The house will generate…
Works Cited
Benjamin, J., & Westin, J. (2014, August 9). Airbnb's threat to affordable housing . Retrieved from Daily News: http://www.nydailynews.com/opinion/airbnb-threat-affordable-housing-article-1.1897375
Mortgage Calculator. (N.d. ). Mortgage Calculator. Retrieved from Mortgage Calculator: http://www.mortgagecalculator.org/
Roberts, S. (2011, October 31). U.N. Says 7 Billion Now Share the World. Retrieved from The New York Times: http://www.nytimes.com/2011/11/01/world/united-nations-reports-7-billion-humans-but-others-dont-count-on-it.html?_r=0
The Economist. (2013, March 9). The rise of the sharing economy. Retrieved from The Economist: http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy
Introduction
As the GM Case Study indicates, competition between the local brand and the foreign brand can give the local brand an edge especially when the foreign brand has more cost attached to it. GM, for example, was obliged to cut the costs of its cars in China because the national brands were gaining market share “by offering cheaper sport utility vehicles” (Bloomberg, 2015). In Kuwait, there is a lot of potential for local businesses to grow and edge out foreign competitors. In various fields, Kuwait is showing potential and innovation. It is behind only Saudi Arabia and Turkey in the number of scientific and technological patents produced (USPTO, 2015). Kuwait has emerged as a leader in Gulf Cooperation Council (GCC) countries in terms of innovation (“Kuwait sees fastest growth of GCC countries obtaining patents,” 2016). And as the Kuwait Times (2018) reports, “Kuwait has witnessed an extraordinary rise in…
Business Venture
The author of this report is asked to answer to several questions and specifications surrounding a business venture and how exactly it would and should be pulled off in an effective and well-performing manner. The form and function and "how" the business would be established is the first thing while the next is the funding sources that would be undertaken to get things going. The form or forms of intellectual property that would have to be enforced and protected as next and then the overall way in which the business will be created or acquired. How the sources and need for capital would change after five years of operation is the last thing to be discussed. While getting a business up and running requires a mass infusion of cash and/or borrowed money to get going, the business will eventually be lucrative.
Questions Answered
As for how to establish…
References
IRS. (2014, February 28). Forms and Pubs. Internal Revenue Service. Retrieved February 28, 2014, from http://www.irs.gov
Nolo. (2014, March 1). Intellectual Property. Nolo.com. Retrieved March 1, 2014, from https://www.nolo.com/products/intellectual-property
Peterson, A. (2013, November 6). Netflix has won: Blockbuster is closing its last retail stores. Washington Post. Retrieved February 28, 2014, from http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/06/netflix-has-won-blockbuster-is-closing-their-last-retail-stores/
Market Entry Strategy
FedEx
FedEx's market entry strategy is what is described as a 'frontal-assault strategy.' FedEx's strategy is aggressive, high cost and Americanized.
The first thing noted is that their strategy in China is exactly the same as in any location. As the executive vice president of FedEx is quoted as saying "we've got a pretty good formula for attacking any market...whether its China or Japan or Germany, it really doesn't make any difference."
Market entry strategies will normally take into account the environment of the market to be entered and develop a strategy that best suits that market. Considering the high cost of entry into the Chinese market adopting an American approach without considering whether it is the best approach could be concerning.
At the same time having the same approach in all locations is easier and more cost-effective for FedEx with it being known that "standardization can…
Bibliography
Ball, D.A., McCulloch, W.H., International Business: The Challenge of Global Competition. Boston: McGraw Hill, 1999.
Bradmore, D., Joy, S., & Kimberley, C. Marketing Visions. New York: Prentice Hall, 1989.
John in his situation are differentiation, cost leadership, and response. In marketing and economics, differentiation is distinguishing a service/product from others. John has issues with service that makes his customers deter to his competitors. By making John's service more attractive to his customers, differentiation takes place. John wishes to outsource some of the business' customer service to a company in India. This costs less than it would if he hired American employees and would allow him to gain additional support in the area of customer service.
Michael Porter developed the concept of cost leadership that has become a main business strategy. Cost leadership describes a means of establishing competitive advantage. By operating at the lowest cost within the industry, John adopts the cost leadership strategy. Taking his business to a foreign country that employs workers at a lower rate enables John to take his resources and divert it to other…
References
Artun, O. & Levin, D. (2015). My library My History Books on Google Play Predictive Marketing: Easy Ways Every Marketer Can Use Customer Analytics and Big Data (1st ed.). John Wiley & Sons.
Bowman, D. & Gatignon, H. (2010). Market response and marketing mix models (1st ed.). Boston: Now.
Schermerhorn, J. (2010). Management (11th ed.). Hoboken: John Wiley & Sons.
SPINGFIELD NO'EASTES
HBS Case Study: The Springfield Nor'easters
HBS Case Study: The Springfield Nor'easters
The Facts
Minor league baseball teams can be a potentially lucrative source of revenue in the right market. As going to major league games becomes increasingly expensive, more and more people, particularly parents who want their children to have the experience of going to a live baseball game, are increasingly turning to minor league games as a way of filling the gap (Cespedes, Lovelock, & Winig, 2008, p. 3). Springfield is a large city in Massachusetts and because of the Boston ed Sox, Massachusetts has a very strong baseball culture but the city was still a significant drive from Boston. It had many college students as well, another potential fan base. This case study revolves around the creation of a minor league team known as the Springfield Nor'easters. The team has been created as a way…
Reference
Cespedes, F. V., Lovelock, V. & Winig, L. (2009). The Springfield Nor'easters: Maximizing revenues in the minor leagues. Harvard Business School Case Study.
International Management
Why was Orkut so successful in Brazil? What caused the problems later?
The path to the internet opened up in Brazil in 1988. Commercial internet operations in Brazil, however, began in 1995 after the department of communications and the department of science and technology helped create private access provider through a decree. The access to the internet for the private citizens opened up with the privatization of telecommunications. The trend of internet use spread rapidly across the country and within a few years, Brazil had the third largest internet users among the Americas after the U.S. and Canada. The social media application that was made possible by the internet gained tremendous popularity in Brazil as they became more passionate about the internet and the social media applications.
As Orkut was launched in Brazil, it became very popular. Already internet-based blogs and photographs were a hit with the Brazilians…
References
Deresky, H. (1994). International management. New York, N.Y.: HarperCollins College Publishers.
Primedic? Why has this venture attracted so much interest from Endeavor and IGNIA?
When Decanini founded Primedic in 2002, about half of the population of Mexico was uninsured. Decanini's vision for Primedic was to improve access to healthcare insurance for the population of Mexico, a lofty goal. The initial plan was to offer Primedic services to employees of corporations and therefore Primedic would be working directly with enterprises. However, the IGNIA investment helped Decanini and his colleagues achieve the more ambitious goal of offering insurance to the vast numbers of individuals who did not have the types of stable jobs with companies that provide insurance coverage to their employees. The basic Primedic model was to get the lowest rung of the Mexican socio-economic ladder into preventative care so that health outcomes could be improved. Therefore, Primedic is a company with a grand vision, making it attractive on the level of…
Business eport on Dental Prima
The Firm's Specific Advantages for its Internal Environmental Assessment
Accessing Foreign Markets and their Buyers
Key Global Environmental Issues
Political, Economic, Social and Technological Environments
Key Challenges and Opportunities in Foreign Markets
Market Entry Modes
Structure and Control Mechanisms
Logistics & International Business Operations
Future Implications
Prima Dental is based in Gloucester in the United Kingdom and has a legacy of more than 150 years. It is among the oldest of dental companies in the UK (Primadental.com, 2016). The company produces a wide range of high-tech tools that are used for dental treatments the company has business all over the world. The company has been achieving double-digit sales growth in the last few years and considers itself a global leader in precision dental products. The core competencies of the company include its extensive research work that helps it to come up with new and innovative…
References
Amante Garcia, B. and Martinez Martinez, M. (2014). Internationalization: Changes and challenges chasing internationalization targeting. J. Technol. Sci. Educ., 4(1).
Bateman, I., Lovett, A. and Brainard, J. (2003). Applied environmental economics. Cambridge, UK: Cambridge University Press.
Cadle, J., Eva, M., Hindle, K., Paul, D., Rollason, C., Turner, P., Yeates, D. and Cadle, J. (2014).Business Analysis. Swindon: BCS Learning & Development Limited.
Chanakira, M. (2012). Factors Affecting the Choice of Market Entry Modes in the African Telephony Industry. International Journal of Applied Behavioral Economics, 1(2), pp.1-15.
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…
Works Cited:
Falk, T. (2012). Detroit turns shipping containers into condos. Smart Planet. Retrieved December 4, 2012 from http://www.smartplanet.com/blog/bulletin/detroit-turns-shipping-containers-into-condos/5900
Food Marketing Institute. (2012). Supermarket facts. Food Marketing Institute. Retrieved December 4, 2012 from http://www.fmi.org/research-resources/supermarket-facts
Greene, B. (2012) the Farmery. Kickstarter.com Retrieved December 4, 2012 from http://www.kickstarter.com/projects/farmery/the-farmery
Imlay, T. (2006). Challenges in today's U.S. supermarket industry. Microsoft. Retrieved December 4, 2012 from http://msdn.microsoft.com/en-us/library/aa479076.aspx
Business cluster refers to the geographical concentration of closely related businesses, suppliers, and firms belonging in a given field. The primary objective of forming these clusters is to boost the productivity with which firms compete at both national and international levels. Clusters are also crucial in the strategic management processes. This article discusses the benefits of such clusters, the management at domestic and international scales, and the negative aspects of clustering (DeWitt, Giunipero & Melton, 2006).
Concentrated clusters promote the management of supply chains by developing strong relationships between the customer and supplier. Employing the concept of concentrated clusters enhances the benefits a company derives from its interaction by linking various companies and other business entities within the same industry. Operating in concentrated cluster enables firms to understand the precise needs of customers and vice versa. With this situation in place, businesses are able to establish permanent clientele who in…
References
Fischer, M. (2007). Determination of Critical Success Factors for the Development of Biotechnology Clusters. New York, NY: GRIN Verlag
Porter, M.E. (2000). Location, Clusters, and Company Strategy; Oxford Handbook of Economic
Geography. Oxford: Oxford University Press
DeWitt, T., Giunipero, L.C., & Melton, H.L., (2006). Clusters and supply chain management:
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
F
F1
F2
F3
G1
G1(a)
G1(b)
G1(c)
Business Identification
Keys to Success
Company Summary
Industry History
Legal Form of Ownership
Location and Facilities
Management Structure
Products and Service
Market Analysis
Target Market
Industry Analysis
Competitive Analysis
Market Strategy
Ps of Marketing
Price List
Selling Strategy
Sales Forecast
Implementation Strategy
Overall Strategy
Implementation
Control Plan
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial Assumptions
Breakeven Point
Financial Position
Capital/Investment Needs
Conclusion
eferences
Executive Summary
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…
References
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
Supplier power
Suppliers tend to have a moderate power on the steel industry. This situation is mostly determined by the switching costs of firms in the industry. Another factor of influence on this situation is represented by the importance of volume to suppliers.
Entry barriers
It is difficult for companies to enter the steel industry. This is because of the great investments that are required in order to produce steel products or to purchase them. The limited success to distribution is another factor that increases the difficulty of addressing this industry.
3. Market analysis
This industry is characterized by an increasing demand for steel. The business sectors that report such significant demand increase of steel are represented by: the construction, the infrastructure, and automobile sectors. Producers of steel and organizations in the field tend to focus on developing user friendly steel products. This can be achieved by developing light weighted…
Reference list:
1. Porter's Five Forces (2010). QuickMBA. Retrieved February 10, 2012 from http://www.quickmba.com/strategy/porter.shtml .
2. Steel Industry Analysis (2010). EconomyWatch. Retrieved February 10, 2012 from http://www.economywatch.com/world-industries/steel-industry/analysis.html .
Business Mentoring
Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business.
What advice can be offered to beginners to avoid theft and fraud in business?
Mentor
Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid…
References
Epstein, L., (2013), "Protecting Your Business from Theft and Fraud," Retrieved from:
http://www.dummies.com/how-to/content/protecting-your-business-from-theft-and-fraud.html
Matthews, C., (2002), "Preventing Small-Business Fraud," Retrieved from:
http://www.inc.com/articles/2002/09/24630.html
Additionally, businesses must anticipate seasonal shifts in demand when allocating and anticipating costs. A toy company cannot assume that the revenue it enjoys after a Christmas marketing a 'hot toy' will be sustained all year 'round.
In terms of taking a long-term view, a business should treat its employees in an ethical fashion. If employees are treated in a respectful manner, they are likely to perform better and show more loyalty to the organization. Additionally, if a company is found to be exploiting its employees, as was the case of Nike and the 'sweatshop'-type conditions of its offshore operations, this negative publicity can deter individuals from buying from the company. Employee costs in the long and short-term, in terms of compensating employees for overtime and giving them reasonable benefits, must also be included in the business plan. Also, the possibility of stock options, should the company incorporate, is another issue…
References
Business plan for starting out, 2010, Score Retrieved September 4, 2010 at www.score.org/.../Business%20Plan%20for%20Startup%20Business.doc
The value of a business plan. (2010). Striding Out. Retrieved September 4, 2010 at http://www.stridingout.co.uk/business-planning/the-value-of-a-business-plan.html
The office and administrative expenses would remain constant even to that point, as would the insurance expense.
Exhibit B: Cash Flow Statement, Year Two
At this point, the business is earning a healthy return and Mr. Ahn is receiving will be able to bring in a reasonable salary. The nature of the business may well change at this point. At the maximum revenue of $144,000 per year the pretax profit would be $63,600. As a result, it is likely that a clinic will be formed with other practitioners in order to minimize expenses and increase profitability.
e did not include taxes in our cash flow examples because the company is going to be set up as a sole proprietorship. This means that the income from the company will be rolled into the income for Mr. Ahn, as well as his liabilities. Mr. Ahn's personal expenses are therefore not included in…
Works Cited
No author (2007). Traditional Chinese Medicine. Alternative Medicine Foundation. Retrieved December 18, 2008 at http://www.amfoundation.org/tcm.htm
No author (2005). Regulation of TCM in the United States. Medscape Today. Retrieved December 18, 2008 at http://www.medscape.com/viewarticle/511877_7
No author (2008). HIV / AIDS, the U.S.-China Partnership for Public Health at Work, and Traditional Chinese Medicine in the U.S. Fact Sheet. U.S. Department of Health and Human Services. Retrieved December 18, 2008 at http://www.hhs.gov/news/facts/chinahiv.html
Census information from U.S. Census Bureau. Retrieved December 18, 2008 at http://factfinder.census.gov/home/saff/main.html?_lang=en
Business Plan -- ocky Mountain Sports Fishing, LLC
Business Description
Definition of the Market
Services Offered
Organization/Management
Marketing Strategy
Financial Management
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
REFERENCES
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
Business
The company's objective is to develop capabilities in the Reseach and Development aeas as well as ensuing poducts that can be sold and distibuted in the Euopean and Ameican makets. It should be noted, howeve, that such a move must be taken with caution and cae; appoaching the Euopean business maketplace may not wok in the same manne as othe business envionments. As one expet ecently wote "appoaching the Euopean makets without ecognizing the impotance of national languages and cultues in daily life is a cucial mistake" (Robet, 2010, pg. 31). It would be wise fo the company to emembe Robet's wods due to the unique natue of the Euopean makets and Gemany in paticula; since that is the county this pape ecommends the company conducts its business.
It is impotant to note that choosing a county to base the company's opeations is a delicate and time-consuming matte that…
references of political actors, German Politics, Vol. 18, Issue 3, pp. 281-300
Dickman, M.; (2003) Implementing German HRM abroad: Desired, feasible, successful? International Journal of Human Resource Management, Vol. 14, Issue 2, pp. 265 -- 283
Dunning, J.H. & Lundan, S.M.; (2008) Multinational Enterprises and the Global Economy, London: Edward Elgar Publishing
Federal Republic of Germany (2003) Background Notes on Countries of the World 2003, pp. 1 -15
Grewal, R.; Chandrashekaran, M.; Dwyer, F.R.; (2008) Navigating local environments with global strategies: A contingency model of multinational subsidiary performance, Marketing Science, Vol. 27, Issue 5, pp. 886 -- 902
Business Proposal
Finding a Solution to Our Camera Failure Problems at Images Studio
Images Studio is a full service photography studio offering multiple photography services. For more than 15 years, Images Studio has been capturing life's memorable moments. Our creativity, knowledge and caring, professional service provide our clients with images of the highest quality. Our clientele choose Images Studio because they can be assured we deliver on our promises of exceptional quality and service.
hile we specialize in elegant wedding photography, we also photograph family portraits, children, senior portraits, special events, executive portraiture, sports, glamour shots, high-definition (HD) video services, commercial and aerial photography. Images Studio offers both in-studio and on-location services.
Since expanding our mix of photographic services in 2007, our revenues have grown steadily with the demand for our additional services. e have accommodated this additional demand by adding personnel and equipment. By hiring two additional full-time photographers…
Works Cited
Affordable 2/3" HD cameras hit the studio. (n.d.). Retrieved October 22, 2011 from: http://www.hdcameraguide.com/guide/hi-def_spotlight/23q-hd-cameras
Current, T. (2009, Sept.27). The new H4D-60 from Hasselblad. Retrieved October 22, 2011 from: http://currentphotographer.com/the-new-h4d-60-from-hasselblad/
Financing photography equipment. (2008). WB Financial. Retrieved October 22, 2011 from: http://www.equipmentleasingspecialists.com/photography-equipment-financing.php
Stephen. (2010, July 11). Hasselblad H4D review. Retrieved October 22, 2011 from: http://bayimages.net/blog/reviews/hasselblad-h4d/
Business
How forces in and outside of business firms are changing the management task, altering business operations, and modifying stakeholder expectations?
Business, particularly those heavily emphasizing technology, are constantly changing. In many instances these changes are occurring due to a combination of internal and external factors. These factors often modify stakeholder expectation because the fundamental business itself has shifted. A very dynamic force that is changing the management task is that of globalization. Globalization is particularly contentious because it has no geographic limits. Competition can now come from anywhere at anytime. As such, management must be cognizant of the changing dynamics prevailing in their respective industries. The auto industry, for example, has directly felt the impact on globalization and stakeholder expectations. The auto industry prior to foreign competition was characterized by large fixed asset costs, hefty legacy and pension obligations, and slow innovation. However, through globalization the Japanese's were able…
So doing the right thing and being an ethical company would be the best choice for Sports Products, Inc. To make. Making the right choice will in the end will help the company to be more successful.
D. Does the firm appear to have an effective corporate governance structure?
No, it does not appear that Sports Products, Inc. has an effective governance structure. If the stakeholders are the owners of the corporation and have the power to elect a board of directors to run the company, then the company should be running in the shareholders' best interests. During the 20 years that this company has never paid out a dividend to its shareholders. This raises a large red flag that points to the mismanagement that is going on.
The profits of the company are increasing while the stock prices continue to fall. This leads one to question whether the stakeholders…
Business Ethics
Every company has corporate governance initiatives in place. Consider that corporate governance simply refers to how the company is run and controlled. The current usage of the buzzword derives from the issues that a few companies had where executives or managers were not subject to appropriate levels of governance. Thus, the guidelines issued recently by the OECD, the ASX, the Combined Code and in Sarbanes-Oxley serve to institutionalize stronger corporate governance policies in order to strengthen public confidence in capital markets. Most companies would already be following these guidelines.
For example, the first category covered by the Combined Code is about the Board of Governors. Boards of Governors have always been responsible for corporate governance -- for our company not to have any governance policy would imply that it does not have a Board. hat is recommended is that the Board has specific features and structures. One recommendation…
Works Cited:
ASX: Corporate governance. (2011). Retrieved November 30, 2011 from http://www.asx.com.au/governance/corporate-governance.htm
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 30, 2011 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
No author. (2011). Management compliance guide. Sox Toolkit. Retrieved November 30, 2011 from http://www.soxtoolkit.com/sox-govern.htm
OECD principles of corporate governance. (2004). Retrieved November 30, 2011 from http://www.oecd.org/document/49/0,3746,en_2649_34813_31530865_1_1_1_1,00.html
This can hurt the returns of the portfolio over the long-term.
Although legally not all information must be disclosed, should companies be obligated to disclose the true nature of investor risk? Or are investors responsible for determining such risk?
Yes, under the Securities and Exchange Act of 1934 all firms must provide material changes in their financial condition to regulators. However, investors also need to understand that investing in common stocks entails more risks in comparison with CDs or U.S. Treasuries.
Did Enron's overstating of profits amount to a manipulation of investors? as the manipulation intentional? Should investors assume a high level of risk unless told otherwise?
Yes, the reason why is because the stock was valued for much more than it was really worth. This harmed investors who believed what management was telling them the about future profit margins. The fraud was intentional. This is because executives knowingly lied…
Works Cited
"Evidence of a Corporations Debts." Free Dictionary. Last modified 2012. http://legal-dictionary.thefreedictionary.com/Securities+Exchange+Act+of+1934
Beachamp, Tom. Ethical Theory and Business. New York: Prentice Hall, 2008.
Chicago Format. http://owl.english.purdue.edu/owl/resource/717/03/
Tom Beachamp, Ethical Theory and Business (New York: Prentice Hall, 2008), 404
Business Lawsuits
Summarize the actions that lead to the lawsuit.
The actions that lead to the lawsuit are from an Ace Hardware franchisee alleging that they were defrauded by the company. What happened is oy and Pattie Ewers are suing based on the fact that the company deceived them into buying a well-known hardware store in Northern Virginia (named Fisher Hardware). The basic idea is that the Ewers' would make an initial purchase. While Ace, set up the franchise and helped the facility to build upon the customer base that was established over 60 years. ("Ace Hardware Lawsuit," 2012)
However, after the Ewers' received a $1.8 million SBA loan is when they were facing numerous difficulties with a supply chain that was filled with bugs. To make matters worse sales were much lower than the financial figures that oy Ewers examined before purchasing the store. The combination of these factors…
References
Ace Hardware Lawsuit. (2012). WHLA. Retrieved from: http://www.wjla.com/articles/2012/08/ace-hardware-lawsuit-fischer-s-hardware-owners-claim-ace-ruined-business-78662.html#ixzz2EzL0SOQP
Barkoff, R. (2008). Fundamentals of Franchising. Chicago, IL: American Bar Association.
Barney, J. (2012). Purchasing, Supply Chain Management and Competitive Advantage. Journal of Supply Chain Management, 48 (2), 3 -- 6.
Cross, F. (2011). The Legal Environment of Business. Mason, OH: South Western.
Business Manager 0668
Transactions Process
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Affiliate Programs
Website advertisement
Search Engine Optimization and webpage rankings
Global business diversity
Business climate
Language
Culture
Infrastructure
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
Transactions Process:
The transactions of products produced under the label of Sunny Day salon are mainly related…
References:
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
Alford reports that "for some, the earth moves when they discover that people in authority routinely lie and that those who work for them routinely cover up. Once one knows this, or rather once one feels this knowledge in one's bones, one lives in a new world. Some people remain aliens in the new world forever. Maybe they like it that way. Maybe they don't have a choice." (Alford, 52).
ith respect to the case study at hand here, this was an experience which afflicted me with heavily mixed feelings at Allied. The vacuum of integrity in the industry was counterintuitive to my understanding of business practices that were sensible in the long-term and that abided traditional moral conditions in their execution. As a major consequence of this paradox, I found myself often in a position where balance was crucial. The major divide between my commitment to my principles and…
Works Cited:
Adams. G. And Balfour, D. (1998). Unmasking Administrative Evil. Thousand Oaks, CA: Sage.
Alford, C. (2001). Whistleblowers. Ithaca, NY: Cornell University Press.
Bennis, W. & Biederman, P.W. (1997). Organizing genius: The secrets of creative collaboration. Massachusetts: Addison-Wesley.
Berman, E. et al., eds.(1998).The Ethics Edge. Washington, DC: International City/County Management Association.
Many people have become critics of the ethical standards of many industries, yet many such industries (pharmaceuticals, agribusiness, casinos, tobacco companies) remain highly successful.
Since the definition of ethics is always in the eye of the beholder, it is essential that the business frame the issue of ethics in a proprietary manner. Each firm will choose a slightly different version of ethics to which it will adhere, but that choice must reflect the ethical standards of potential investors and potential customers so as to continue to attract both groups. A business with a clearly thought-out, well-defined code of ethics is more likely to have those ethics permeate throughout the organization. If nothing else, the ethical principles will be consistent throughout the organization, such that management and other stakeholders know what to expect from their employees. That, at least, will provide insurance against the likelihood of an Enron-type situation where nobody…
Works Cited:
Concord Business Development. (2001). Importance. Concord Business Development. Retrieved December 14, 2009 from http://www.concordbusiness.com/services/business_plans/importance.html
Cox, H. (2007). The importance of a business plan. EZine. Retrieved December 14, 2009 from http://ezinearticles.com/?The-Importance-of-a-Business-Plan&id=834882
No author. (2007). Competitive Advantage. QuickMBA. Retrieved December 14, 2009 from http://www.quickmba.com/strategy/competitive-advantage/
Business & Society
In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications.
There are several factors that determine how the business relates to the society. One of these factors is the ever-changing expectations of the society and the ethics Lawrence, Weber, & Post, 2005, pp. 27.
This is what has caused many organizations to adopt corporate social responsibility. Corporate social responsibility, more commonly known as CS or corporate citizenship, is where the business attempts to understand the community and environment in which it is operating and how its activities are affecting the community and environment and thus it devices strategies to eliminate any negative effects and encourage activities which increase the positive effects. In…
References
Lawrence, A.T., Weber, J., & Post, J.E. (2005). Business and society: stakeholders, ethics, public policy. New York, NY: McGraw-Hill/Irwin.
Stuhl, O. (2011). Review: Everything but the Coffee: Learning about America from Starbucks. Gastronomica: The Journal of Food and Culture, 11(3), 109-110.
Both are equally important. For the first, we will have company specialists describing the software development tools we used, as well as the mechanisms that are included in the development of a new module or product within the suite.
On the other hand, presenting and implementing the organizational culture of the company is equally important. Besides promoting this in day-to-day operational activities, we will also have, from time to time, people from the company upper management visiting Bucharest and presenting the mechanisms and values that the company uses.
Potential competition
The labor market for software developers in Romania is one where the competition is quite challenging, especially since it comes both from internal and external forces. Internally, we are dealing with small to medium software developing companies, generally operating for larger companies abroad or working with a bigger international client. These are generally companies that have 30-50 employees and who…
The company is also interested in developing its product line in order to increase its number of customers.
Pricing Strategy
In the construction industry, the price of the products used in this activity is very important. This is because contractors require large supplies of such products. Therefore, they are trying to find the smallest price for the highest quality. The company provides cost effective products. This means that these products of high quality can be purchased at smaller prices in comparison with the prices of competitors.
Promotional Strategy
The company's promotional strategy refers to advertising on construction magazines, local newspapers, and direct mailing to companies in the construction business. In the case of products directed towards homeowners, the company intends to develop TV and radio ads. Several bonuses can be provided to customers that purchase several products from the company in order to increase demand for such products.
Distribution Strategy…
In certain situations the landed cost can also include customs duties, and other taxes that apply to the shipment in case.
Shipping and insurance -- 7.5% of the product's cost.
Packaging -- 5% of the product's cost.
Profits -- 20% of the product's cost.
Organic bread landed cost - $15+7.5%+5%+20% = $19.2
Organic fruits landed cost - $17 +7.5%+5%+20% = $21.76
Organic vegetables landed cost - $16 +7.5%+5%+20% = $20.48
Organic desserts landed cost - $32 +7.5%+5%+20% = $40.96
Organic cheese landed cost - $45 +7.5%+5%+20% = $57.6
Organic wine landed cost - $46 +7.5%+5%+20% = $58.88
The landed cost is established in accordance with the profits requirements of the company. The company must also identify the profits that distributors in Germany are interested in. This is intended to help Naturally Green develop a pricing strategy that can satisfy the company, its distributors, and its customers. It is important to…
Reference list:
1. Industry Statistics and Projected Growth (2012). Organic Trade Association. Retrieved November 21, 2012 from http://www.ota.com/organic/mt/business.html .
2. Germany (2012). CIA, the World Factbook. Retrieved November 22, 2012 from https://www.cia.gov/library/publications/the-world-factbook/geos/gm.html .
3. Landed Cost (2012). Business Dictionary. Retrieved November 22, 2012 from http://www.businessdictionary.com/definition/landed-cost.html .