Business Problem at UIT.
As you all know, there is a serious problem of lack of profitability in the Unit Investment Trust. Before taking any action, management would like to get an idea of the ideas and suggestions that might be out there that we haven't looked at. This is your chance to possibly make a difference. (If you need more room, please feel free to write as much as you wish.)
Are you aware that there are problems in the Unit Investment Trust department? ____Yes__No
What is your perception of the problem/s in the Unit Investment Trust?
Do you think there is some way this problem could have been prevented?
One of the problems identified is the fact that UIT uses a whole different accounting system.
Is there some way besides converting to another system or other departments converting to UIT's system, to solve this problem?
5. Is there justification for this particular expense? How is…...
mlaReference
Cochrane, J.H. (1999) "New Facts in Finance." Economic Perspectives Vol. 23 http:www.questia.com/PM.qst?action=print&docID5001821987&pgNum=1&WebLogicRetrieved 7/12/2004
McFaden, S. (2004) "Buying Patterns." Boston Business Journal http:www.bizjournals.com/salespower/2004/07/12/1.html. Retrieved 7/12/04
2009
2008
ART
8.54
8.84
ACP
42.74
41.27
Iturnover
15.13
14.23
Inventory Age
24.12
25.65
Comments: Ford shows unfavorable activity ratios, which is indicative of the fact that the company is using its assets efficiently to meet financial requirements. All measures, except ART improved over time (from 2008 to 2009).
2009
2008
Debt/Equity
2.04
1.62
Debt/Assets
0.40
0.36
TIE
-2.35
2.25
Comments: Ford uses debt heavily to finance the growth of the company. Overall the company is servicing the debt well and is stable over time, even though the loss in 2009 has affected the capital structure formation.
2009
2008
Profit Margin
-0.06
0.03
ROA
-0.05
0.02
ROI
-0.25
0.09
2009
2008
EPS
-2.38
1.08
PE Ratio
-8.95
18.92
Dividend Payout
-0.10
0.15
Ford Motor does not have good short-term liquidity -- however, this is expected, since the company has mostly long-term assets and the associated current liabilities within a heavily capitalized firm like Ford Motor will not be covered by current assets completely.
Ford is Uncompetitive and eak hen Compared to Competitors
Ford Motor is within a very competitive industry that requires the company to be innovative and continually develop products that can meet market demand and changing consumer tastes.…...
mlaWorks Cited
Bureau of Labor Statistics, (2007 July). News: Consumer Price Index June 2007. Bureau of Labor Statistics: United States Department of Labor. Retrieved May 5, 2010 from http://www.bls.gov/news.release/pdf/cpi.pdf
Cooney, S. (2007 April). China's impact on the U.S. automotive industry. Congressional Research Service. Retrieved May 5, 2010 from http://www.fas.org/sgp/crs/misc/RL33317.pdf
Cooney, S. And Yacobucci, B. (2006 April). U.S. automotive industry: policy overview and recent history. Congressional Research Service. Retrieved May 5, 2010 from http://www.ncseonline.org/NLE/CRSreports/05apr/RL32883.pdf
Fine, C., Lafrance, J. And Hillebrand, D. (1996 December). U.S. automobile manufacturing industry. U.S. Department of Commerce: Office of Technology Policy. Retrieved on May 5, 2010 http://www.technology.gov/Reports/autos/auto.pdf
Initially, Charlie's decision to radically change managing styles from that of his predecessor was a mistake. Generally, leadership changes already have a disruptive effect on the management team (McFarlin, 2006); therefore, radical changes should be avoided unless there are very specific and good reasons to depart from what worked previously, at least until the new leader has established their trust and confidence (Maxwell, 2007). In this case, Charlie was already in possession of sufficient information to know that his team could not simply begin collaborating effectively under a consensus-based approach to decision-making. Charlie should have known that before any such change in management and leadership style could possibly be successful, he would have had to first establish a culture of openness that precluded privately voiced complaints by heads of departments about other departments that they would not repeat in a group meeting. That culture of honesty and of mutual respect…...
mlaReferences
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. Upper Saddle River, NJ: Prentice Hall.
Kinicki, A. And Williams, B. (2005). Management: A Practical Approach. New York:
McGraw-Hill.
pecifically, Riordan stocks the polymer material despite the fact that the material is obtained locally and poses no risk of unavailability or delivery problems. Conversely, it, does not stock the electric motors even though their availability is both crucial to Riordan's production and supply chain and also subject to predictable shortages of as much as 7%. Naturally, the solution would be to stock the electric motors instead of the polymer based on their respective availability.
hipping Costs
The failure of Riordan to stock the electric motors may also be contributing to its overhead expenses unnecessarily. Granted, wholesale demand and standard commercial practices may impose certain restrictions of the ultimate flexibility that Riordan has with respect to its production and supply cycle. However, to whatever extent possible, Riordan should seek to reduce its shipping costs by relying on shipping by sea instead of shipping by air. One way it could accomplish this…...
mlaSources Consulted
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. Upper Saddle River, NJ: Prentice Hall.
Kinicki, a. And Williams, B. (2005). Management: A Practical Approach. New York:
McGraw-Hill.
In fact, Don should have handled the situation honorably from the beginning, to gain respects from Charlie and others, and show his caring and concern for his workforce. Instead of promising his superior that he would do what it takes to ensure the project is done, he should have noted that the project could not be completed if the budget is cut, and that he would complete as much of it as possible. He also should have noted Charlie's opportunity, and attempted to gain the funds to ensure he could stay with the company. His decision to lie to his supervisor and his employee with unethical, and undermines his decision-making capabilities and trustworthiness as a manager and employee.
The only way Don can rectify the situation is to do the right thing and tell the truth to everyone involved. As another writer says, "It pays to be good" (Norris, 2006),…...
mlaReferences
Editors. (2006). Ethics story raises issues and answers. Retrieved from the Find Articles Web site: March 2007.http://findarticles.com/p/articles/mi_m3495/is_5_51/ai_n1637262312
Norris, C. (2006). Ethical and unethical practices: "It pays to be good." Retrieved from the Charles Stewart University Web site: March 2007.http://hsc.csu.edu.au/business_studies/employment_relations/2505/itpaystobegood.html12
Wilkins, D.B. (2006). Good work. Retrieved from Harvardmagazine.com Web site: March 2007.http://www.harvardmagazine.com/online/050448.html12
Business Problem-Solving: oot-Cause Analysis
The oot Cause Approach
oot cause analysis is a popular problem-solving technique that seeks to bring out, and respond to, the deeper causes of a problem as opposed to only those that are visible on the surface (Okes, 2009). It allows one to look deeper into a problem so as to determine what the underlying causes are, and fix these before the problem escalates to an even bigger one (Okes, 2009). In so doing, one deals with the problem once and for all. Once the root causes are addressed, the chances of recurrence are very slim.
The Questioning to the Void Technique
The questioning to the void technique, commonly referred to as the 5 why's technique, is one of the three approaches of root cause analysis. It basically entails asking the question 'why' five times so as to understand the exact nature of a problem (Anderson, 2009). It is believed…...
mlaReferences
Anderson, S. (2009). Root Cause Analysis: Addressing Some Limitations of the 5 Why's. Quality Digest. Retrieved 17 February 2015 from http://www.qualitydigest.com/inside/fda-compliance-news/root-cause-analysis-addressing-some-limitations-5-why 's.html#
Dew, J.R. (2002). Using Root Cause Analysis to Make the Patient Care System Safe. The University of Alabama. Retrieved 18 February 2015 from http://bama.ua.edu/~st497/UsingRootCauseAnalysis%20.htm
Okes, D. (2009). Root-Cause Analysis: The Core of Problem-Solving and Corrective Action. Milwaukee, WI: ASQ Press.
Milestone Mobile Model
Business Problem: The trend toward the use of diverse types of phone and tablet equipment presents some significant use problems for those who must rely on certain types of equipment that are tethered to their business resources -- kind of like the limitation that some online video games have in their needing to be connected to console equipment. Milestone has recognized this need and developed a free XProject Mobile video monitoring application that allows for its customers to be "close to what is important" (Milestone, 2012). Their system utilizes variations of onsite camera and site security packages to monitor locations for improper behaviors and activities as well as business efficiency. The release of the free Android-compatible Xproject Mobile seeks to sustain the video connection without losing access to key video viewing, capturing and sharing capabilities. The company sees itself as the maker of the "true open platform IP…...
mlaREFERENCES
Love, D. (2011). COMSCORE: Android has 47% of the mobile market. BusinessInsider.com. Viewable at http://articles.businessinsider.com/2011-12-30/tech/30571342_1_android-platform-smartphone-windows-phone
Milestone (2012). Milestone Corporate website. Viewable at / .http://www.milestonesys.com/productsandsolutions/xprotectaddonproducts/xprotectmobile
Milestone SpecSheet (2011). Viewable at http://www.milestonesys.com/SharePoint/XProtectMobile/Specification%20Sheet/XPMO1_SpecSheet_ENG.pdf
XProject Mobile (2012). Project Release Notes. Viewable at http://www.milestonesys.com/SharePoint/XProtectMobile/Release%20Notes/XPMO1_ReleaseNotes_ENG.pdf
Due to the potential lack of personnel with IT skills, it is probably best to implement an entire ERP solution. Again, keeping in line with the size of the business, this does not need to be a very complex one. It will, however, be helpful in dealing with some of the human resources challenges that may arise in the process of developing and expanding the company.
For this last matter, it is important to note the fact that some of the opportunities that may arise, such as the B2B segment or simply opening a website where the tickets can be sold, will also mean an increase in personnel, which will make the use of an ERP solution even more important.
Further more, developing and expanding will also mean that the supply chain will be much more complex. In the current phase, tickets are purchased or produced and sold further on to…...
.
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…...
Problem Statement In the words of Quisenberry (2018), “while increased challenges are prevalent during virtual teaming arrangements, there seems to be evidence supporting that virtual team performance can be improved when team members have higher emotional quotients.” This is particularly the case given that various studies seem to suggest that the most common difficulties virtual teams encounter have got to do with failure by team members to effectively self-manage, share knowledge, and integrate the…...
This underscores why hypotheses are so critical for a research design, because as can be seen from the above discussion, they have a direct bearing on the selection of variables, the selection of research strategies, and ultimately how the research is used. The selection of variables were based, in both studies, on those factors most controllable by either the online e-tailers themselves or in the case of organizations, measurable internally and susceptible to arbitrary standards. Notice that each set of variables, in each studies, does not look to an external evaluation of trustworthiness. The use of attitudinal variables, the collection of psychographic data both from online customers and it professionals to ascertain how they are grouping themselves, and a more precise set of hypotheses and research variables would yield a much more balanced and accurate assessment of the issues of online trust and it Professional performance as it relates…...
mlaReferences
Krishnamurthy, Sandeep. An Empirical Study of the Causal Antecedents of Customer Confidence in E-Tailers by First Monday, volume 6, number 1 (January 2001),
URL:
http://firstmonday.org/issues/issue6_1/krishnamurthy/index.html
Oz, Effy. Organizational commitment and ethical behavior: An empirical study of information system professionals. Journal of Business Ethics; Dordrecht; Nov 2001
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 and one full-time and…...
mlaWorks 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/
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…...
mlaWorks 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
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 the model,…...
mlaWorks 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 and Ethics
The business ethics checklist
Organizational Decisions-Making on Substandard Products
Unaccountable products from companies or manufacturers are often regarded dangerous, unsafe and substandard, both by the target consumers and government. Unfortunately, toy products stand among the most affected group of items within the field of production. Sub-standard products are those that do not meet the legal and safety standards and/or qualities set by the pertinent authorities. Such products may result due to failure in quality control during the production process, or failure in legal handling pursuit. According to Cockburn (2005), these are genuine items produced by legitimate manufacturers; however, they do not satisfy the quality disclaimers that the producer defines. It may not be intent of the company to cheat, but may be as a result of problems during the manufacturing process. Thecase of metal whistle herein is thereby regarded to fall under the category of sub-standard products, which could be…...
mlaReferences
Cockburn, R. (2005). The global threat of substandard products: Why industry and governments must communicate the dangers. Business and Economics.2(4), 302-
Herbert, A. (1999). Administrative behavior. New York, NY: The Macmillan Company.
McDonalds, G. (2004). Corporate social responsibility: Structured decision making. Business Administration,56(3), 124-137.
McPhees, K. (1998). International social concerns into private sector: Decision-making process.Washington, DC: The World Bank.
A thorough case study analysis can provide valuable insights for decision-making and problem-solving in business management in the following ways:
1. Identification of key issues: By analyzing a case study, managers can identify the key issues and problems faced by the company. This helps them to understand the root causes of the problems and determine the best course of action to address them.
2. Evaluation of different strategies: Case studies often present different strategies that a company has used to solve a problem or achieve a goal. By analyzing these strategies, managers can evaluate their effectiveness and determine which approach is most....
Thorough Case Study Analysis for Informed Decision-Making and Problem-Solving
Introduction
In business management, case study analysis is a powerful tool for extracting valuable insights to support decision-making and problem-solving. By examining real-world business scenarios in depth, managers can gain a comprehensive understanding of challenges, identify potential solutions, and develop effective strategies.
Value of Case Study Analysis
1. Contextual Understanding:
Case studies provide a holistic view of business situations, including the relevant market, competitive landscape, and organizational dynamics. This context informs decision makers about the factors that influence business performance and the specific challenges faced.
2. Problem Identification:
Through detailed analysis, case studies help identify the root causes....
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