Introspection and questioning value proposition leads to additional inquiries about the reason for a quality department. It is significant to learn the purpose as to guarantee consumer satisfaction, to guarantee outgoing quality or assist manufacturing. On the other hand, such purposes of the quality department do not help a business. The reason for a quality department is to guarantee profit margins by dropping inefficiencies, operations mistakes and product defects. Additionally, the purpose also must comprise proactively improving capability and capacity of operations using new techniques, tools or skills (Gupta, 2008).
The majority of quality departments are forced to be hesitant by operations people. They are told to do things such as add examination, react to a consumer complaints or similar such requirements. Quality departments are thought to be an unnecessary expense and a burden because they add no clear value; they are thought to be just an expense of doing…… [Read More]
Goodwill Industries has a very good reputation around the U.S. And parts of the world as an organization that not only provides inexpensive clothing and other important personal and household items, but a big part of Goodwill's program involves providing jobs for people, which helps communities. In its Mission Statement Goodwill points out that it served 4.2 million people in 2011 through training and employment programs. This paper reflects why Goodwill is considered a very good company in terms of its emphasis on social responsibility.
Goodwill Industries International
"Corporate social responsibility" (CSR) is a phrase that has come to be quite popular in the world of business, because more and more businesses understand the importance of giving back to the communities in which they are located. The Goodwill mission statement goes back to 1902 when the nonprofit was founded, so a reader can quickly see that CSR was…… [Read More]
• Service (public and private)
• Software and IT
Compare the chosen industry with construction / building / maintenance with respect to how you would conduct project reviews to integrate procurement, risk management, and contractual obligations. How would the reviews differ in the two industries if the project were carried out completely in-house instead of involving a third party for some or all of the work?
I choose service (public and private) and compare it with construction / building / maintenance with respect to how I would conduct project reviews to integrate procurement, risk management, and contractual obligations. Similarities are that in both cases, the work has to go through a series of stages and these are planned with tasks delegated, decided upon, and monitored. Each stage is planned before implementation.
Both areas need planning too and implementing research in order to assess predictions that are relevant…… [Read More]
Sustainabiltiy in the Finance Industry
The objective of this study is to answer the question of what the Global Knights Top 100 list is and to examine sustainability initiatives in the banking industry, the insurance industry, the real estate industry and the financial services industry. Corporate social responsibility (CS) is found in this study to be of primary importance for industry sustainability.
Global Knight Top 100 List
The Global 100 process is reported to start each year on the 1st of October at the time the starting universe for the index is reported to have been established. It is reported that the companies in the starting universe "are put through four screens, and the companies that emerge constitute the Global 100 Shortlist." (Corporate Knights, 2015, p. 1) It is reported that the companies in the Shortlist receive scores on the "priority KPIs for their particular GICS Industry" and that the…… [Read More]
Different industries face different obstacles in regard to project management. A construction project will tackle tangible and physical spaces while an IT project will reside more in an intangible and uncertain space. Because of these differences project management is difficult to compare across different industries. Therefore benchmarking must be constructed in each industry individually so that project managers can compare their projects to metrics that are relevant to their particular industry. For example, metrics from the telecommunications industry might not be relevant to the construction of a hospital. This analysis will provide an overview of benchmarking projects to various industries and the construction of industry standards that can be useful to help guide projects.
Project management can benefit greatly from the construction of best practices. These best practices can be incorporated into a process known as benchmarking. Hasbro Children's Hospital in the early 1990s benchmarking "best-in-practice"…… [Read More]
Airline tickets, food and beverage and related items are going up faster than planners can adjust. Hotels, destination management companies, transportation providers and suppliers in general are all affected by oil price increases. Industry leaders say that fares may increase by another 20%. Every penny of increase in oil price exacts an extra $1 billion a year from consumers. Smith Travel Research, however, reported a leveling off of increased hotel rates because of reduced leisure demand and weakening of corporate travel (Dos).
High fuel costs indirectly affect food and beverage costs (Dosh, 2008). Transportation expenses also go up for shipping food items. Farmers who divert land for planting crops intended for ethanol production are likewise raising their prices. Planners try to address the prince increase in food by paring down menus, pre-determining the number of servers per meal and choosing a complete meeting package or CMP, or getting a discount…… [Read More]
Futura Industries implemented the Balanced Scorecard approach and its apparent effects
At some companies, the Balanced Scorecard approach is solely used to improve the company's financial 'bottom line' and to set benchmarks for financial performance. However, the innovative organization Futura Industries has taken a different approach. The company sent benchmarks for success in three specific quadrants: "customer service, financial, and internal operations," resulting in "50% increase in revenue without adding personnel from 1996 to 1999" (Gumbus & Johnson 2003). Before it embarked upon using the BS, the aluminum manufacturing company was well-known for its use of financial and customer metrics. It already "had internal processes focused on quality," but felt that the way it used its employees was lacking and that it did not fully capitalize upon its human assets (Gumbus & Johnson 2003). Even its website reflects this stress upon quality improvement: the surfer is greeted with the message:…… [Read More]
The Case of the Unidentified Industries - 2006
Match companies from 14 different industries to corresponding financial data. Be very thorough how and why you obtain your answers. Make sure to clearly write up your assumptions and back them up with specific references, your personal knowledge of these industries, and any other relevant information. When possible, compare industries using more than one financial ratio.
In The Case of the Unidentified Industries, our group used a number of means to discern the identities of the fourteen listed unknown entities. We found that it was important to keep in mind the year that the case was written because business conditions have changed and companies are at a different place in their development. Publicly available financial filings were helpful in some instances as well as our combined general knowledge of industries and the process of elimination.
In this section we will…… [Read More]
Adding to the confusion is the need for creating a more stable set of quality management, audit and compliance systems and processes that can scale with the company over time. This latter point is why the use of Six Sigma, lean manufacturing, the adoption of an EP system and the development of entirely new workflows for NC/CA and CAPA are taking place. The need for compliance and also the alleviation of potential tariffs when entering new global markets is a concern. Shaw Industries is investing heavily in quality management as a means to continually reduce operating expenses over time, in addition to significantly increasing yield optimization of their assets and production processes. The company also has the objective of reducing costs more through quality management contributing to lean manufacturing than the savings of having to close a plant. Strategically Shaw Industries has chosen to pursue investments in making their quality…… [Read More]
This presence has changed much of the personal behavior of individual spectators. A most relevant example in this case is given by the Cosby Show. In the series, Bill Cosby played a father of five and his real life expertise and education in child psychology offered screen information on how to deal with young and older children. This inspired several viewers to change their approach to children and learnt valuable parenting lessons. As a result then, series and films represented one more step in the process of cultural globalization.
Another important mention that has to be made refers to the stories at the basis of the American films. In this line of thoughts, many works are based on real life events outside the United States, which introduce the world watching the American films to the foreign stories of the movie characters (Marling, 2006). Examples of this category include Schindler's List,…… [Read More]
Considerations supporting increased governmental regulation are based on the possibilities of the industry growing beyond the reach of many if left to be controlled by the market forces. egulating the industry cushions the consumer against the increase in rates which might impact the economy in terms of reduction in businesses due to the high costs of travel and as well as the reduction in the tourism sector which generates revenue and as well attract more investors.
egulation would ensure that reasonable rates are set for the consumer. When regulated certain standards are set by the government which protects the consumer as well as the ecosystem so that the activities of the airline company do not endanger the lives of the citizens in terms of pollution among other environmental hazards that they might cause.
There are however several arguments in support for deregulating industry, it is argued that by being deregulated…… [Read More]
Valmont's return on assets is 11.6, compared with 5.6; the return on equity is 21.7 compared with 4.2 and the return on capital is 15.5 compared with 6.6. Valmont also has strong efficiency ratios. Asset turnover is 1.5, compared with an industry average of 0.9; inventory turnover is 5.1 compared with 4.0 and receivables turnover is also strong at 6.1 compared with 6.4. Overall, Valmont Industries has strong ratios compared with other firms in its industry, and there is indication that key ratios are improving over time.
Valmont is considered by the market to have a relatively high volatility. The beta on Valmont' stock is 1.67. An analysis of the five-year chart (MSN Moneycentral, 2010) shows that the source of this volatility was a strong run up on Valmont stock in the 2006 and 2007 years, followed by a strong collapse. The stock, however, has outperformed the major indices at…… [Read More]
This would give Duncan almost the entire current scissor lift market, meaning that they would need to invest heavily in marketing in order to grow that market beyond its current level. That said, such as investment would in all likelihood be considerably less than $1.5 million and offer lower risk than a greenfield European expansion.
If Duncan focuses on Europe, they will either cede control to Bar Maisse or they will stretch their organizational capabilities. AU.S. expansion can be run from Lachine. The return on investment in Europe is not as good as it will likely be in the United States because of the heavy infrastructure development. Moreover, there will be higher marketing costs associated with the different countries, languages and distributors in Europe. Also, a greenfield expansion may provoke a negative response from the spurned Bar Maisse, who operate in the wheel alignment business and thus have an ear…… [Read More]
It is necessary to asses due to the perceived resistance to change, including the already stated dissatisfaction of the Merton Industries staff members, and the negative effects this could generate. In this order of ideas, alternatives 3 and 4 would generate the least changes and would be best accepted by the personnel. Alternatives 1 and 2 on the other hand would generate the most changes and would be negatively perceived, welcomed and implemented by the staff members.
Payoff table: A payoff table is a highly useful decision tool and is benefit is that it can be constructed in a flexible manner so that it incorporates the features most relevant to a given instance. In our situation, since the benefits and limitations of each available alternative have been revealed throughout the previous section, the payoff matrix will incorporate financial information, better else said, the financial investment and the financial gain from…… [Read More]
Harvey Industries: A Case Study
Harvey Industries is a major name brand within a very niche industry. The company makes a variety of industrial products, mainly pressurized water systems used for washing and cleaning purposes. The company builds products to be used in a wide variety of contexts, including airplanes, cars, building maintenance, engines, swimming pools and more. One of its most lucrative avenues has been assembling equipment for coin-operated car washes. Still recent trends have negatively impacted Harvey Industries financial position. Despite sales of $1,238,674 last year, the company still managed to loose $17,174. This is a terrible financial condition for the company to be in. Examining the operations management subsequently shows clear issues which can be adjusted to ensure a more financial stability.
There are a number of reasons for the current financial distress of the company. First, the inventory control system is based on a reactive strategy,…… [Read More]
As companies gobble each other up in our increasingly interconnected economic world, Enager Industries demonstrates some of the accounting and management complexities of companies that have moved far beyond their original brief. The company as it is currently arranged is divided into three essentially autonomous divisions. This paper examines some of the complexities involved in analyzing such a company from both an internal as well as an external perspective.
The three different divisions of the company are so different that they might be seen as essentially different entities, connected only by a business philosophy. The fact that the divisions are so different in their focus and thus the rules governing standard operating procedures should mean that there are different criteria for success for each of the divisions. However, the management have in general proven to be less than sufficiently flexible in determining different criteria for the different divisions.…… [Read More]
NATIONAL PESTO INDUSTIES. Outputs complicated understand. At Organization level, products services provided customers. (It provided owners, .) The primary a company measures performance financially: Sales, Profit, eturn Sales (OS), eturn Assets; market share.
National Presto Industries
National Presto Industries is a notable American organization, with a vast history and notable results. The organization was founded in 1905 in Eau Claire, Wisconsin as the manufacturer of pressure canners. Gradually, the company expanded its business operations and its product array and is now a distinguished player in the industry of kitchen appliances.
National Presto Industries was a rather small firm, emphasizing on quality and tradition. While it still preserves its values, the current company is striving towards operating in a more efficient and profitable manner. This change is due to the increasing pressure from the competition, but also changes in the behavior and demands of customers. In this sense, it came to…… [Read More]
Following that, improvements must be made. The company will need to brainstorm ways to ensure that the problems that have been identified are addressed.
Once methods for improving the process have been identified, the next step is to control the process. The measures that were developed earlier in the process are used during this step to monitor the impacts of the improvements that have been made. If the improvements prove successful, then the next step is to standardize them. Hartmann has four different facilities and each should operate the same way, using the same measures and controls, in order to achieve company-wide standardization. The improvements are then integrated into the polymer production process across the entire organization.
Further to the integration process will be to adopt these new methodologies even during the process of developing new polymer creation techniques. As technologies evolve, the solutions that have been developed should be…… [Read More]
These separate divisions were basically autonomous from one another, with the ability to work independently and separately from one another. This is why the stretch target system, which was more fluid, seemed to actually work better than the more rigid implemented MPS system.
HCC Manager's Expectations
HCC decided to make the change to MPS target style for a number of reasons. It came with an incentive for both employee and managers within the separate departments; "This philosophy was based on the belief that aggressive targets would motivate the managers to perform at their highest possible levels," (TEXTBOOK GIVEN 1). Corporate managers believed that the MPS target setting philosophy would be equally effective in all four divisions, but it was clear that the actual division heads themselves were a little concerned with the rigidity of the new system. No one knew better than the division manager exactly how different each division…… [Read More]
Who are the key members of the buying center at Columbia industries, and who will most likely have the most influence on the purchase decision?
Jacques Debre, Stewart West, and Sandra Ogrosky are the key members of the buying center at Columbia Industries. Mr. West will likely have the most influence on the decision because he met directly with the salesman and he has the most in-depth knowledge of the various products that were demonstrated.
Describe the important "needs" Columbia Industries has as they undertake the process to purchase seven new lift trucks.
Columbia Industries needs to find a reliable lift truck because of the high maintenance costs and downtime they are experiencing with their current lift trucks. The union needs to be satisfied that the trucks are safe and the workers are concerned with maneuverability of the new lift trucks due to the narrow aisles in the…… [Read More]
Nike, for example, operates in approximately 150 countries around the world. Also, there is room for brand and line extension. This leverages core brands and competencies to move into similar business. In recent years, Nike has built its Hurley and Cole Haan lines in recent years using their manufacturing and distribution competencies, and Reebok has expanded its core brand into ice hockey.
There are many threats to the industry, however. First, the slowing in the U.S. market has resulted in an increase in competition as growth prospects slow for the key firms. The industry is also subject to economic slowdown, especially the top firms, who generally operate with a premium pricing strategy. As most firms in the industry operate with a model featuring global procurement, they are at risk to increases in transportation costs, which cut into their margins.
Another risk is intellectual property rights violations. Two of the key…… [Read More]
My industry of choice is the auto industry, and I will analyze it using the PESTEL framework. The political environment is critical to the auto industry for a couple of reasons. In most countries, the auto industry is significant, and therefore becomes politicized. The bailouts of GM and Chrysler are just two examples -- albeit extreme ones -- of the intense government involvement in the shape and size of the automotive industry. Another good example is NAFTA, which has resulted in production shifts to Canada and Mexico, but also the opening of the Mexican market. The current climate holds that the governments of the U.S. And Canada are divesting some of their control over GM and Chrysler, but will remain heavily involved in the industry, with the objective of supporting the Big Three, as well as major foreign automakers. The political environment also shapes demand conditions. For example,…… [Read More]
Describe the industry and explain the general pattern of change of the particular market model.
Since the 1990s, the electric utility industry has been going through tremendous amounts of deregulation. This is because the monopolistic model made them ineffective in delivering different services. When this happened, consumers began to experience dramatic increases in the costs for their utility bills. In general, this was considered to be a naturalistic monopoly, as the government regulatory agencies could protect the interests of consumers. However, after it became clear that this approach was ineffective, is when there was a transformation in these strategies. This occurred with many governments around the world opening the marketplace to foreign competitors or selling their assets to private individuals / entities. (Griffin, 2005, pp. 39 -- 110)
Moreover, the increasing demand from consumers meant that this model was simply unsustainable. Evidence of the can be seen with…… [Read More]
Industry and egulatory Strategy
The generic drug industry provides the public with pharmaceutical alternatives to branded big name prescription drugs. "In 2010 alone, the use of FDA-approved generics saved $158 billion, an average of $3 billion every week."(Generic Pharmaceutical Association. 2011. P.1). With the continuing increase in health care expenditures and health insurance premiums for business and consumers; in 2011 premiums increased by nine percent (Abelson, eed. September 27, 2011. P.1), and "with so many people relying on prescriptions, the cost implications loom large for the American public, health insurers, and government payers" (Kaiser.edu.org. N.D.P.1). Generic drugs must play a more prominent role in the U.S. health care profile, as such as CEO of the Generic Pharmaceutical Association (GPA), the organizations legislative push is toward patent reform which would call for generic drug competition within seven years of the name brand drug introduction. In so doing pharmaceutical prices would fall…… [Read More]
The best-known companies who are selling CM systems today on the SaaS platform include Salesforce.com, today a $1B company, ightNow Technologies and SugarCM both of which are growing at an average of 7% to 10% a year in revenue and new subscribers (Tsai, 2010).
How Trends Today Will eshape the Market Tomorrow
All of these trends of analytics, process-based application development, and SaaS platform development will accelerate the adoption and use of CM systems over time. In addition, the use of SaaS-based platforms is going to open up the use of customer information stored on social networks. In the next five years, social networks and CM applications will be tightly integrated together, providing more insights than ever before into customer needs, wants and preferences. The exponential growth of social networks and the wealth of customer data contained in them is also a dominant trend in the development of future generation…… [Read More]
I think that proper networking and research on who is making quality products, and finding a vendor with a good track record of customer satisfaction would be crucial in getting a positive consumer reaction.
Networking is invaluable when you do not miss opportunities that are available just from people talking about your product. Some of the smaller stores are involved in fairs and events where products can be introduced to the public without the burden of larger brand name competition.
Additionally, my variety of personal strengths will help me succeed when I launch my new business. I am not intimidated by the possibility that my business might fail. I know that I will work very hard to make my business successful, and if the business is not successful, I will know that I would have done everything possible to make the business succeed.
I am not afraid or intimidated…… [Read More]
The company that we are examining is Satander Group. This is a firm that is a subsidiary of Sovereign ank. To determine the strengths and opportunities facing the company we will look at the Ansoff Matrix. This is when a corporation is focusing on a number of different factors to include: market penetration, market development, product development and diversification. These elements are important, because they are identifying how quickly the firm is growing in various segments of the industry. elow is the table for the Ansoff Matrix of the firm.
Ansoff Matrix Satander
Market Penetration -- 80 million customer around the world
Product Development - Corporate usiness Center Solutions
Market Development -- 140 thousand branches / 35 thousand ATMs.
Diversification -- The purchase of RS.
(Ansoff Matrix 2011)
Market penetration is when you are looking at the company's ability to be able to maintain…… [Read More]
industry companies historically competed maintain a significant share marketplace. These include: Coca-Cola Pepsi-Cola, Apple Microsoft, GM Ford Motor Company, - pair competitors. rite a (3-4) page paper: 1.
Apple and Microsoft are currently two of the most successful corporations on earth and in spite of the fact that they tend to direct their attention toward similar products it is intriguing to observe that they use different strategies in order to achieve goals that are basically the same. One might be inclined to consider that the two companies are extremely different because one sells hardware while the other sells software. However, when considering that they are concerned about putting across the same message considering innovation and that both company are currently actively involved in playing an important role in helping people become mobile, it appears that they are actually very similar.
One of the biggest differences between Apple and Microsoft in…… [Read More]
Retail Grocery: Industry Strategic Employment and Compensation Analysis
An Analysis of Ukrop's Super Markets
Although Piggly iggly was the first self-service store opened in 1916, the first supermarket to open was King Kullen Grocery Company in New York in 1930 (Food Marketing Institute 2004). Today, though, there are over 69,461 supermarkets competing nationally for a share of the American consumer food dollar. In Central Virginia, Ukrop's Super Markets have achieved a degree of success by focusing on providing busy consumers with a wide range of prepared foods, in-store cafes, full-service pharmacies and a prohibition on alcohol sales. This paper will provide an overview of Ukrop's Super Markets and the sector within the North American Industry Classification System in which they compete. An analysis of the number of establishments within the sector, the average payroll and average number of employees will be followed by an assessment of the types of benefits…… [Read More]
The regulations are necessary to the extent they reduce externality likely to about from the merger. There is also concern that the government may incur a higher cost in paying for unemployment benefits which necessitates it regulations in mergers.
Provision of market activity
Other than the above two likely reasons for government involvement, the government may have non-economic reasons. Such activities include the national security which is a public good which is related to welfare. The government intervene in market activities so that they can provide welfare commodities and products that otherwise cannot be provided for under the market mechanism. The provision of public goods such as defense and security is only possible through government interventions. Government regulations and interventions ensure that society does not miss production of welfare commodities that the market cannot produce.
Cultural Identity Promotion
This includes aspects such as sustaining productive capacity, producing for the future…… [Read More]
Analyze the industry environment of Four Seasons Hotel
Industry lifecycle: The state of the Four Seasons Hotels
The lifecycle of an industry takes the form of four distinct stages: the introduction of the product or service, growth, maturity, and decline (Product life cycle, 2012, Tutor2U). The Four Seasons is one of the most venerable hotels in the marketplace today. It made significant gains in the 1990s when egent International hotel sold its hotels to the chain, giving the Four Seasons "an instantly expanded position in Pacific Asia, and also created the basis for expansion of the Four Seasons brand in Europe and Asia" (Go 1996). Even before this international acquisition, the Four Seasons was an international brand, and was particularly famous for its New York incarnation, where its food was considered to rival that of four and five star free-standing restaurants, which is highly unusual for a hotel.
Despite…… [Read More]
industry, the drivers of competition are largely revealed by competitive forces. Hence the ability to detect and address a wide range of competitive threats is largely founded on the fact that competition is not in any way limited to existing rivals. After a comprehensive study of various corporations' competitive strategies, the author of "The Five Competitive Forces that Shape Strategy" attempts to demonstrate how a company can enhance its profitability while at the same time ensuring that it significantly decreases its vulnerability to attack by way of understanding its industry's structure using the five forces.
The Article's Key Concepts
From the onset, Porter states that understanding competition and formulating strategies to deal with it remains every strategist's main objective. However, it should be noted that in most cases, strategists define competition in chronically narrow terms by limiting their scope to industry rivals only. With that in mind, Porter's insistence on…… [Read More]
Although the general public is not likely to know what semiotics is the concepts that have been used by the cultural study known as semiotics have been used by advertising and marketing professionals for a number of years. Through the use of semiotics such professionals have successfully used the information and techniques suggested through semiotics to manipulate the consumer culture so that certain products are now considered to represent style, success, and power in modern society. Semiotics, which is simply, the study of signs and their impact on life, is not a recognized science but incorporates many of the same techniques in defining its studies and recommendations. egardless of its acceptance as a legitimate educational discipline, semiotics has successfully transformed modern culture through its use by advertisers and marketers. It has allowed manufacturers such as Burberry and Gucci to become not only leading clothing manufacturers but also cultural icons. Cultural…… [Read More]
Nation, Industrialization and Ideology
For the U.S., the idea of nationhood developed simultaneously with the rise of Industrialization. Industrialization enabled the concept of nationhood to be made possible. This concept in America was intertwined with the ideology of “Manifest Destiny” that was first promulgated by John L. O’Sullivan in 1845. Sullivan called it America’s “manifest design of Providence in regard to the occupation of this continent”[footnoteRef:2] and used this “manifest design” as justification for America to expand its borders as far as possible and assert its nationhood status even in the face of Native Americans who had claim to certain territories. Once America had reached the West Coast, it began to look overseas and used its doctrine of Manifest Destiny to spread its influence into Asia with the Spanish-American War. Industrialization gave the U.S. the means to ramp up its military, and the ideology of expansion being God’s will for…… [Read More]
industry in America are a varied lot, ranging from self-righteous and mean-spirited individualists to community-minded altruists. The tensions among these capitalist types is as evident today as it was in the days when Ayn Rand first penned The Fountainhead. Since Rand was a Russian immigrant, it is not particularly surprising that her experiences with socialist and communist societies colored her perspective of capitalism, to a degree reminiscent of a defensive reaction formation. The protagonists in the film Atlas Shrugged engage in a capital strike that is intended to bring the economy to a standstill in order to emphasize the rightness and importance of laissez-faire capitalism. The decline of the transcontinental railway stands in for the future of America if it practices communism and upholds the values of moral relativism. The fundamental tenant of these industrialists was that they were entitled to function according to a natural order that encouraged individuals…… [Read More]
Southwest Airlines with Porters Five Forces Analysis
Southwest Airlines is a major competitor in the U.S. air industry. The founders; ollin King and Herb Kelleher, developed the idea of a low cost carrier and the airline airlines gained the first mover advantage when the inaugural flight took place in 1971. The airline has been very successful and following the acquisition of AirTran in 2011, the company is now the largest domestic carrier and the world's largest low cost carrier (Southwest Airlines, 2014). The firm has 45,000 employees and flies to 96 different destinations with its fleet of 680 Boeing aircraft (Southwest Airlines, 2014). Competing in the airline industry the company has a number of challenges which can be examined through Porters Five Forces Model.
Threat of New Entrants
The airline industry has a number of barriers to entry and exit which may constrain the potential for new competition.…… [Read More]
nature of a firm's business and its environment are big factors in determining what the firm's financial statements look like."
Industries vary wildly in terms of how they account for profits, losses, depreciation of assets, and other critical components that affect the appearance of their financial statements. Some industries are more apt to operate on credit on a regular basis than others; some industries make the bulk of their profits on a seasonal basis (such as retailers which make most of their money at Christmas) or have profits which vary markedly from year to year. For example, a pharmaceutical company may experience a notable drop in revenue when one of its most popular drugs loses its patent; it may gain sharp windfall that lasts for a fixed period of time while it can exclusively profit from a new drug. Some industries are extremely risky to invest in because of innate…… [Read More]
In assessing which of these models of a market would be most beneficial to the interest of a business, the most obvious choice is a pure monopoly. Although this model does not necessarily provide the best option for operations in terms of many aspects regarding society as a whole, in terms of business sense, it is the most beneficial and profitable model for a firm to operate in. As a business owner, if the product or service provided by a firm does not face competition from any other firm, the costs of providing the product can be lowered, supply can be determined at the full discretion of the firm, and pricing can also be fully left up to the firm.
Additionally, in some industries, a pure monopoly serves the purpose of providing stability and uniform standards. The Microsoft case is one in which this is a strong argument, as…… [Read More]
industrialization Civil War influenced U.S. society
Industrialization after the Civil War paved the way for modernizing the United States and giving it the status that it enjoyed for the majority of the 21st century -- that of a global superpower. It did so through the development of a robust economy built on manufacturing, which gave it both political and social clout throughout the world.
Three Major Aspects of Industrialization during 1865-1920
The continued development and completion of the railroad.
The emergence of the factory system and manufacturing industries (particularly steel).
Five Specific Groups Affected by Industrialization
These workers were brought on to assist with the completion of the railroad.
Their perceived debauchery led to the Exclusion Act of 1882 (Harvard, 2014).
These peoples migrated from the South to the North due to the manufacturing industries.
They were frequently used as strike breakers in labor disputes.
C.…… [Read More]
Industry and Firm Analysis
Bennett, J. (2016). Fiat Chrysler to Build Parts Distribution Center in Virginia. Wall Street Journal. etrieved 25 May 2016 from: http://www.wsj.com/articles/fiat-chrysler-to-build-parts-distribution-center-in-virginia-1463662804
Fiat Chrysler Automobiles NV is investing $12.2 million to build a new distribution center in Virginia amid growing demand for parts used by its dealerships to both repair and customize its vehicles.
The 400,000-square-foot Mopar distribution center, located in Winchester, will employ about 70 people and ship more than 9.2 million parts and other items annually. This will be the 22nd center Fiat Chrysler has in operation in North America. It will primarily supply more than 200 dealers in the mid-Atlantic region after it opens sometime in the fourth quarter.
Mopar is the hidden gem of the Fiat Chrysler operation. Currently, the unit distributes more than 500,000 different parts and accessories to more than 150 markets around the world. That number is only expected to…… [Read More]
Adult Day Care Industry
ABC Adult Day Care will be a mid-sized company, which will provide adult day care services to the residents of Boston. This mid-sized adult care facility will serve adults aged fifty years and above. It will provide community-based day health services for the elderly and disabled. Services offered include living assistance, nursing, therapy, meals, and social activities. Their services will be secure and safe, presenting the elderly with an excellent place where their caring services will be met. ABC Adult Day Care will be a privately held organization headed by its founder, Ben Stevenson. Mr. Stevenson has extensive experience in strategic business planning. His advanced knowledge and interest in business are the driving force behind his business. A few employees who have extensive experience in adult care fields will support the daily operations of the facility. With the rising rate of inflation, many American families struggle…… [Read More]
The firm's balance sheet, however, is very healthy, with great liquidity and no long-term debt.
The fourth largest company in the industry by market cap is Builders FirstSource. This company has a stock price of $5.31. It has no P/E, since it is losing money. The company is focused on products for residential construction in the southern and eastern states, so the housing recovery needs to be in those regions for this company to benefit. The consistent losing of money, however, makes this company a risky investment, as does the high level of long-term debt. The beta is 2.3, which is highly volatile.
The fifth-largest company by market cap is Orchard Supply Hardware Stores, which is a California-based competitor to Home Depot and Lowe's. Its stock is priced at $10.11. The company lost $8.08 per share last year and is on a downward trend in revenue, gross income, operating income…… [Read More]
Toy Industry in Hong Kong
Hong Kong Toy Industry
The world toy industry in the world is growing tremendously and hence the need by many nations to invest in the sector. Among the nations, Hong Kong has been at the lime light, especially for being the leading economy in the industry. In conjunction with the Chinese mainland, the total accountability amount to 75% of the toys manufactured. The success of the operations have been credited to the ever developing market, constant customers, well-organized logistics, knowledge and a broad networking program for the marketing the end products. Famous brands developed for the industry include Playmates, May Cheong, Silverlit, Toy2R and Hot Toys.
Contextually, Silverlit is a family-oriented company but managed through the OEM, ODM and OBM bodies. It is situated in Dongguan but having no manufacturing operations in Hong Kong. Nevertheless, it has a large populous of employees and several branches…… [Read More]
One industry that has seen a shift in the market model is the smartphone industry. During the mid-2000s, this industry was an oligopoly, populated basically by two firms that emerged from the old PDA market. Palm and RIM (Blackberry) operated as a duopoly, catering primarily to business customers with early smartphones. Apple joined the industry with the iPhone, and was quickly followed by a number of other players. The organization of the industry is somewhat unique, as some firms are vertically integrated providers with operating systems and hardware integrated (Blackberry, Apple) and other firms have a number of hardware manufacturers working in conjunction with operating systems makers. Thus in operating systems there remains almost an oligopoly with two or three major firms and a couple of other minor ones, whereas on the hardware side the industry is fully in a state of monopolistic competition.
Short Run and Long…… [Read More]
Bookselling Industry in Japan
Individual Integrative Case Study: The Japanese Bookselling Industry
This paper focuses on the Japanese Bookselling industry. Under this, it analyzes two successful firms, Bookoff and Amazon. These firms overcome the implications of Saihan Systems using unique ways, making them to achieve a competitive advantage over other firms.
There is a reduction in the number of firms in the bookseller retailing industry in Japan. This is because of many reasons. First, the Saihan System, which makes it mandatory for publishers to fix prices of books before selling them to the retailers. The effect of this rule is that large retailers no longer push other firms out of the industry due to price.
Despite the imposition of Saihan System on the bookselling industry in Japan, both Bookoff and amazon have overcome its implications. The two are doing so through use of unique methods making them have competitive advantage…… [Read More]
Office Supply Equipment Industry
An office supply is sentimental to the existence and functionality of offices in the world. No office can operate without the services of an office supply industry. In most cases, the aspects of managing an office come with a serene use of the office equipment. The significance of these companies is replicated in the successes that are found within many offices in the world. Such significances are found in the effectiveness and efficiency of work done in many offices. Many office equipments are related to the services that are done in the offices. Moreover, the modern world office is transforming its mechanisms of operation. The products and services from the office supply equipment industries handle these changes and transformations.
SWOT analysis of Office Supplies and Equipment industry
At the present, Office Supply Equipment Industry has strong programming system in its five national programming networks,…… [Read More]
Source: Kelly, Herring (2012).
Fig 3: France Construction Growth ate (%)
Source: Kelly and Herring (2012)
Economic theory points out the factors leading to the decline in the construction output in France. Economic theory argues that the changes in demand for construction activities may be due to several economic factors such as changes in Gross National Product, and changes in interest rates. (Finkel, 1997). Akintola and Martin (1994) argue that the level of a national economy is a primary factor that could affect the construction demand in a given economy. Typically, "there is a relationship between construction demand and the growth in GNP, as a measure of the economic well being of a nation." (Akintola, and Martin 1994 P. 9). During the period of economic prosperity, there is a general increase in demand for consumer goods which triggers up the demand for construction activities.…… [Read More]
One industry that has shifted in the past few years in terms of its structure is the smartphone operating system market. A few years ago, most of the early smartphones were based around proprietary operating systems. Palm and Blackberry dominated the market. Apple joined the industry with the introduction of the iPhone, but more recently other firms have entered the market as well, including Google (Android), indows, Symbian and other systems. The market has moved from a stable oligopoly of four firms basically between two firms into a market that is much closer to monopolistic competition. However, there is the risk that as operating systems shake out, the market could return to an oligopoly of just three operating systems (est & Mace, 2007).
In the short-run, firms in this industry will seek to gain market share through differentiation. The products are slightly differentiated from each other -- they…… [Read More]
New Companies Entering the Market
The beverage industry is witnessing rapid evolution with constant flow of new market entrants. These entrants attempt to avail product or marketing tactics that set them apart from the existing firms.
Firstly, the beverage market is able to support a certain number of successful companies. With the crowding of the market, there is reduction of room for new entrants thereby giving the customers as many options as they want. Consequently, customers might either reject these new entrants failing to notice them the most obvious result is that competition becomes so fierce that new entrants find it challenging to compete financially with the existing firms. In addition, the market share of the existing companies is reduced leading to sustainability challenges. In this regard, it is recommended that existing beverage companies adopt creative marketing techniques to retain and capture more market share.
Secondly, these new…… [Read More]
building industry. The building industry is a cyclical business based on residential and business construction. The industry has faced several years of constrained demand, despite low interest rates. Two firms within the industry are Eagle Materials (EXP) and Apogee Enterprises (APOG). These two firms will be compared with one another in terms of their finances and their recent news in this paper. First, Eagle will be studied including its key financial ratios and recent news, and then the same treatment will be given to Apogee. The conclusion of the paper will discuss the future of the industry and which of the two firms would make a better investment for someone looking to put money in the building industry today.
The Building Industry
The building industry is a cyclical business based on construction. Both construction firms and their suppliers are part of this industry. The two companies being studied are industry…… [Read More]
intra-industry international trade within the standard international trade classification SITC6, which represents manufactured foods classified chiefly by material. The scope of this paper is limited to processed foods, and includes analytical frameworks from the gravity model, and classic approaches to product differentiation, product commoditization, pricing, and market structure.
eferences to market structures in the literature typically oversimplify the dynamics influencing the development of market types -- perfect competition, monopolistic competition, oligopoly, and monopoly -- and this tendency is exacerbated when the focus is on intra-industry trade. Further, the distinctions become considerably more obfuscated when companies that are in the same trade do business in both domestic and international markets. A global manufacturing strategy is the goal of most multinational companies, and rationalizing manufacturing strategies is an objective for nations, as well (Lee, 1984). For instance, assume that a country has the industrial infrastructure to produce canned beverages, but there are…… [Read More]
Intra-Industry International Trade: Benefits and Costs
Trade is brought about by specialization. People specialize in those goods and services that they can produce effectively, and since they cannot survive on only these, exchange their surplus production for other items that they need, but do not produce. There are mainly two types of trade in this regard; international and domestic. The domestic form of trade refers to the exchange of trade items (services and goods) within a country's borders. International trade, on the other hand, can be defined as "the exchange of goods and services among residents of different countries" (Chacholiades, 2006). International trade can take either of two forms; intra-industry or inter-industry forms of trade. Inter-industry trade is trade between industries, whereas intra-industry trade takes place within industries. Intra-industry trade, therefore, refers to the importation and exportation of same-industry items of trade (Gandolfo, 1998).
International trade has been on…… [Read More]
Automative Industry and Computers
How computers (over the years) have affected and changed automotive industry and auto sales.
How computers (over the years) have affected and changed automotive industry and auto sales.
History of Automotive Industry
Time Line of Developing Technologies
Emergence of Flexible Manufacturing Systems (FMS)
The ole of Computers in Sale and Marketing
How computers (over the years) have affected and changed automotive industry and auto sales.
Current essay is a discussion of the role and impact of computer on manufacturing and sales of autos. To better understand how and why the automotive industry is where it is today, a brief historical background of the automotive industry is offered. The development of the automobile can be tracked back to 1769 when Nicolas Joseph Cugnot of France built the first vehicle, (Olsen 2002). Cugnot is recognized by the British Automobile Club and the Automobile Club de…… [Read More]
Hotel industry is currently in the middle of its economic cycle. The industry tends to be strongly affected by macroeconomic conditions. hen the U.S. slipped into recession in 2008-2009, the hotel industry slumped as well. As Turner (2010) notes, "trading volume fell sharply…lodging operating metrics of RevPAR and ADR deteriorated accordingly." hile the economy recovery somewhat over the past couple of years, there are signs now that growth is slowing again. In particular, RevPAR declined in September (De Lollis, 2012). After an optimistic start to the year, the slow pace of economic recovery appears to be weighing on the industry. That said, because the economy is at a key juncture where it could begin to improve rapidly or it could slip back into recession, the hotel industry finds itself in roughly the same position.
Choosing the right type of hotel is important to its success. If the brand is going…… [Read More]
Competitive Environment and Government Policies Facing the Global Automobile Industry
New Entry Activity
The automobile market is always a hotbed for mergers and acquisitions. In the early part of last century, General Motors was at the head of those gaining market share through mergers and acquisitions when they absorbed such companies as Cadillac, Pontiac and Chevrolet. Ford followed suit, but made many of its agreements with companies later in the century with companies like Mercury, Mazda, Volvo, Land over, Jaguar and Aston Martin. However, the global financial crisis forced these large automakers to divest some of their holdings and to stop partnerships with other auto companies. Ford cut Jaguar and Land over, and cut ties with Volvos car division. Because these companies were available and there has been more money to invest lately in places like India and China, other companies were able to quickly add some of…… [Read More]
Assessing Competitive Dynamics on the Future of Starbucks
The United States is one of the most profitable markets for coffee globally, generating $29B in sales in 2012, yet it is also one of the most volatile from an economic and supply chain perspective as well. The many challenges Starbucks faced in 2009 and the decision to lower prices was one driven by the mercurial nature of the U.S. coffee market consumption patterns specifically (Starbucks Investor elations, 2013). The purpose of this analysis is to analyze the current trends in the coffee industry and predict future trends based on economic and market analysis. The second objective of this analysis is to evaluate future trends in terms of their implications on the future of the U.S. coffee industry. The third objective is to complete an analysis of how these trends will evolve into threats or opportunities for Starbucks.
Analysis…… [Read More]
External Analysis Motorcycle Industry
External Analysis of the Motorcycle Industry
Harley Davidson, the heavy-bike manufacturer holds the purpose of fulfilling dreams of personal freedom (Purpose: Harley Davidson, 2013). The company functions in segments of Motorcycles & elated Products and the Financial Services. It is however globally known for heavy bikes that have engine displacement of 651+cc (Harley-Davidson Inc. 2013). The company enjoys a unique position in the market yet it is exposed to many new market challenges in recent future. The demand for heavy bikes has increased among those that are not necessarily filthy rich and other companies are also entering the industry. Here is the PEST analysis of Harley Davidson to study what challenges it is facing in external environment.
The PEST analysis offers a detailed picture of how the macro environment factors affect the performance of Harley Davidson. The PEST stands for Political, Economic,…… [Read More]
SERVQUAL Method: Airline Industry Use
The objective of this study is to examine use of the SERVQUAL method in the airline industry. This work will examine five articles on use of SERVQUAL.
The work of ozorgi (2007) entitled "Measuring Service Quality in the Airline Using SERVQUAL Model (Case of IAA)" reports that competition in the airline industry is constantly growing and that airline companies should pay close "attention to their competitors." (p.1) ozorgi notes that it is important as well for airlines to "understand their customers." (2007, p.1) The work of Nyeck, Morales, Ladhari, and Pons (2002) entitled "10 Years of Service Quality Measurement: Reviewing the Use of the SERVQUAL Instrument" reports that research on service marketing has traditionally focused primarily on the "analysis of service quality." (p.101) Additionally stated is that there are researchers in this discipline that "emphasize the explanation of the perceived quality by using the SERVQUAL…… [Read More]
What do you think the pharmaceutical Industry will look like in 10 years? Why?
What do you think the pharmaceutical industry will look like in ten years? Why?
Despite the sharp upturn in profits over the past twenty years for the pharmaceutical industry, there is grave concern amongst industry insiders that this cannot continue indefinitely. "Increasing price and cost pressure, regulatory changes and expiring patents are leading to shrinking margins in the pharmaceutical industry. Almost three in four companies believe their industry is in a strategic crisis" (Berger 2013). This is despite the fact that "the top 10 pharmaceutical companies were able to increase sales by about 13% between 2009 and 2010" (Berger 2013). Concerns abound that the failure to create a new 'hot' drug will create substantial downward price pressure. "&D costs have risen by more than 80% worldwide over the past 10 years. On the other…… [Read More]
Intra-Industry International Trade
Standard trade theory and its deviations
The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that free trade would be beneficial to all nations. Smith stated that much like merchants, nations should specialize in the particular goods and services which they could produce most efficiently and trade with other nations who could produce alternate goods and services equally efficiently. Thus free trade resulted in advantages for both trading parties. Smith's theory was later fleshed out by David icardo in his Principles of Economics. iccardo stated that free trade could optimize efficiency for every country on a global level by reducing the inefficiencies generated by the excess resources involved in producing the goods and services the nation was not suited to produce (Sen 2010: 2).
This common wisdom remained relatively consistent…… [Read More]