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As other have pointed out, ports need to be prepared to handle the carrier industry special characteristics, in terms of "frequency, punctuality, reliability and geographical coverage" (Slack, 1996).
Further more, ports need to be able to keep down the landslide costs, in close connection with some of the things I have previously mentioned when referring to dry bulk cargo and transportation. The competition, brought about by the growing demand and growing numbers of competitors, is more and more significant and ports need to be able to offer the best services at the lowest prices. This means operability, flexibility and productivity at low landslide costs.
The container shipping industry, due to the cost challenge and necessity that every carrier is facing, is currently facing a concentration phase, where many of the international carrier choose vertical integration solutions in order to cut down on costs and gain a cost advantage. This means…
1. All data from ISL Publication SSMR Market Analysis No. 6. Executive Summary. On the Internet at http://www.isl.org/products_services/publications/samples/cargo.shtml . enor at http://www.isl.org/products_services/publications/pdf/COMM_6-04_short.pdf
2. Notteboom, Theo. Container Shipping and Ports: An Overview. Institute of Transport and Maritime Management Antwerp (ITMMA), University of Antwerp. Review of Network Economics Vol.3, Issue 2 - June 2004.
3. South Carolina State Ports Authority. On the Internet at http://www.port-of-charleston.com/online_tools/glossary.asp?first_letter=B
4. The Dry Cargo Industry. International Association of Dry Cargo Shipowners (INTERCARGO). On the Internet at http://www.intercargo.org/index.htm
It is also established practice to assume that the date on the bill of lading is the actual date on which the goods were successfully loaded onto the shipping vessel in the absence of any other evidence, and this would at first seem to suggest that the bill of lading must be taken at face value (GAFTA 100). BigNut's agents encountered evidence that loading of the peanuts onto the Al Sudan did not take place until April 1, however, meaning that the bill of lading itself could be a fraudulent document.
There is also substantial incentive for SudanNut to have fraudulently applied the date of March 31, 2011 to the bill of lading: the contract of sale explicitly stated that the peanuts were to be transported during the month of March, and both law and case precedent insist that this be interpreted as a literal interpretation of the calendar month…
Shipping News by Annie Proulx tells the story of Quoyle, a man who begins the book naive, buffeted by life, and passive, but by the end has earned his place in a small town in Newfoundland. Quoyle, unsure of himself and troubled by his looks, allows the ups and downs of life to toss him without resistance. Eventually he marries, but his wife, Petal, is unfaithful. In the ultimate act of her selfishness she sells their two daughters, unny and Sunshine, to a pervert, but they are returned to Quoyle after Petal's death in a fiery car accident. Aided by his Aunt Agnis, he takes his family to live in the Quoyle homestead near Killick-Claw, Newfoundland, Canada, to start anew.
In Killick-Claw he works for the town newspaper, gaining self-confidence and writing skills, learning the foreign ways of the fishermen and their wives. He meets Wavey, a widow, and slowly…
Campbell, Joseph. The Hero With A Thousand Faces. Princeton, N.J.: Princeton University Press. 1972.
Proulx, Annie. The Shipping News. New York: Charles Scribner's Sons. 1993.
In her novel The Shipping News, E. Annie Proulx brings to life a Newfoundland fishing town and a small group of its inhabitants - a more-or-less failed journalist and the three women in his life - his two daughters and his aunt. The four of them have decided to retake their ancestral home, and the action of the plot derives from this attempt - both literal and psychological - to reclaim history. The story that results is certainly not a happy one, even the ending seems to be happy.
ith this novel, Proulx seems to be providing us with a reworking of that axiom we have all heard: You cannot go home again. Home may be the place that that have to take you in when you have to go there, but you will have forgotten how to speak the language, and the food will no longer satisfy…
Proulx, E. Annie. New York: Scribner, 1994.
In the shipping business, this can be speed, customs expediting, or specialized handling, or price. The firm should analyze its internal competencies to identify which ones are strongest before seeking opportunities in the marketplace. Most firms will not be the best at all of these, so the firm should be realistic about its competencies when conducting a self-assessment. Often, core competencies are well-supported so that they can be sustained over the long-run.
There are two main mechanisms for supporting internal competencies. The first is organizational culture. hen the culture is oriented towards specific types of achievement, then the culture can become a powerful form of internal control mechanism. If a firm has decided to pursue a specific niche, the organizational culture should therefore be built around the execution of that strategy. This will drive success and innovation towards that strategy above all others and provide internal control.
The other main…
Business Link. (no date). How to identify new business opportunities. Business Link. Retrieved March 4, 2011 from http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1081822436&type=RESOURCES
Newly independent countries joined in the shipping industry as a way of demonstrating their economic independence, leading to an increase in the number of open registers as owners in the traditional maritime countries could now register in countries with less demanding tax laws and lower costs for workers. Shipbuilding, which had long been dominated by Europe and North America, moved instead to East Asia. Other changes also took place in the industry:
Shipowners, still seeking to cut costs, looked to the developing countries for seagoing personnel, and multinational crews became more and more common. Some owners left the operation of their ships to specialist ship management companies. Manning agencies supplied an increasing proportion of the world's seafarers. Some, or indeed all, of these companies may come under different jurisdictions (Shipping: The shoreline of time and technology 1997, p. 85).
Ship management was not immediately affected by these changes, but…
Agrawal, M.K. & Pak, M.H., 2001, Getting Smart about Supply Chain Management. The McKinsey Quarterly, p. 22.
Bradshaw, R., 2002, August, Keeping the Supply Chain Fluid, Chain Store Age 78(8)(August 2002), 178.
Brooks, M.R., 1996, Competition in liner shipping: Are national policies appropriate?, Halifax, Canada: Dalhousie University, unpublished paper.
Choi, C.J. & Grammenos, C.T., 1999, the Greek shipping industry: Regulatory change and evolving organizational forms, International Studies of Management & Organization, Volume 29, Issue 1, 34.
Oriental Manufacturing Ltd. is suing International Shipping Ltd. For damages to a return shipment that had outer container breakage and soiled with an oily substance that had permeated the interior of the cardboard boxes. The inner sealed aluminum bags were also covered with the oily substance. Oriental did not attempt to open the bags to determine damage to the computer chips they contained.
Under Article 77 of CISG, Oriental would have been required to undertake reasonable measures to minimize loss to satisfy the duty to mitigate (Risnik, 2009). Under Article 77 Oriental would not be able to recover loss that could have been avoided if reasonable steps could have been taken. The principle of good faith suggests no compensation for avoidable loss. Where Oriental made no attempt to open the aluminum bags, there is no evidence of damage to the computer chips.
Under the Carriage of Goods by…
Guide to Article 77. (n.d.). Retrieved from PACE: http://www.cisg.law.pace.edu/cisg/text/peclcomp77.html
Risnik, P. (2009, Nov 10). Article 77 CISG: Reasonableness of the Measures Undertaken to Mitigate the Loss. Retrieved from PACE: http://cisgw3.law.pace.edu/cisg/biblio/risnik.html
Shipping Law. (n.d.). Retrieved from The Free Dictionary: http://legal-dictionary.thefreedictionary.com/Shipping+Law
Winship, P. (2002, Mar 26). CISG Case Presentation. Retrieved from PACE: http://cisgw3.law.pace.edu/cases/020326u1.html
It is not necessary for marketers to give goods away for free, but things like free shipping and free returns both serve two important purposes in online retailing. The first is that they lower a critical cost barrier between online retailers and offline ones. Consumers may or may not incur costs associated with going to be store to buy something (depending if they walk or not) but these costs are basically ignored by the consumer. The gas used to drive to the store is never factored into the purchase decision. It is not like that with e-commerce. Consumers see added charges for things like delivery and they realize that the goods are not cost-competitive. A price-sensitive consumer will quickly realize that the shipping charge is essentially the charge for the convenience of buying from home. For the online retailer, this added cost makes them go from being cost-competitive with…
How containerization has made shipping more cost effective
Containerization is defined as the process where goods are shipped in containers instead of being singularly onto a ship. This implies that a ship is used to carry several thousand containers each with a wide range of commodities rather than a single line of product. This has made the process of shipping goods efficient resulting in enhanced cost-effective process. Containers are inclusive of ships. They must be unloaded from ships on to trains, trucks, and barges without the need to repackage. This implies that the costs of shipping are cut because ships will not go directly to destination of ports. Instead, they are likely to moor at hubs and unload the cargo. Then, the goods can be dispersed to various different destinations (Lun, Lai & Cheng, 2010).
When using containers, they only need to be loaded and offloaded once. First,…
Lun, Y.H.V., Lai, K., & Cheng, T.C.E. (2010). Shipping and logistics management. New York: Springer.
Muller, G., & Mahoney, J.H. (2009). Intermodal freight transportation. Westport: Eno Foundation for Transportation.
Organization for Economic Cooperation and Development (2010). Globalization, transport and the environment. Paris: OECD
This will present a substantial cost savings to the company and increase efficiency in bringing products to market.
Because of the efficiency and the large expected availability of cargo space on the flights to Indianapolis, there are no expected bottlenecks or delays in this distribution chain. egular and rapid responses to inventory demands and retail sales will be available, and short-notice shipping as well as standard long-term contracts with regular space booked will be available to the company whenever the need arises, it is expected. Given that simple ground transportation will be all that is needed to move the cargo from the airport to retail stores, there are no expected bottlenecks or delays here, either; barring major highway problems in Indianapolis (which will not be a regular occurrence), there is no reason that any interruptions in distribution to retailers should occur at any point in the described chain.
Indianapolis Airport Authority. (2012). New cargo flight gives Indiana exports non-stop bridge to Europe. Accessed 23 April 2012. http://www.indianapolisairport.com/admin/uploads/643/1.13.12%20Intl%20Cargo%20Flt.pdf
US Custom Service. (2001). Importing Into the United States: A Guide for Commercial Importers. New York: Books for Business.
The muddy estuary (rotta) of the Maas River became a settlement in the 10th century CE. A few hundred years later, a dam was built in the rotta, giving the fledgling seaport its name: Rotterdam. By the 14th century the Rotterdam Schie, or shipping canal, had been fully dredged, giving birth to what would one day become the world’s most important shipping port (“A History of the Port of Rotterdam,” 2015).
Rotterdam immediately gained traction as a pivotal shipping destination because of its strategic location linking England with not just the Netherlands but also the rest of Europe. Trade routes boomed during the Age of Exploration and Imperialism, boosting the significance of Rotterdam especially as the Dutch East India Company dominated global trade.
During the Industrial Age, Rotterdam suffered a major setback as the rotte, its naturally muddy estuary, proved too shallow for high tech industrial barges. The city…
“A History of the Port of Rotterdam,” (2015). Twente. Retrieved online: https://www.marineinsight.com/ports/the-port-of-rotterdam-the-biggest-port-of-europe/
Hurenkamp, J. (2017). Port of Rotterdam. Chemical Parks in Europe. Retrieved online: https://chemicalparks.eu/parks/port-of-rotterdam
JOC (2017). Port of Rotterdam. Retrieved online: https://www.joc.com/port-news/european-ports/port-rotterdam
Karan, C. (2016). The port of Rotterdam. Marine Insight. Retrieved online:
Strategic Management Analysis of Maersk Shipping Company
Maersk Shipping Company is a largest global shipping company operating more than 600 ships, recording more than 23,000 bookings daily and 2.2million containers. Maersk can boast of 14.5% of market shares globally because their vessels arrive at ports every 15 minutes. Established in 1904, Maersk operates in more than 130 countries with over 110,000 employees. The company market capitalization was $27.6 billion at the end of 2015 fiscal year. Maersk facilitates the transportation of 14% of global seaborne containers coupled with Damco and APM Terminals, the company offers infrastructure with global demand for energy and global trade. The company offers different services that include Reefer Cargo, Verified Gross Mass, Special cargo, Dry Cargo, and Routenet. However, Maersk derives 40% of their revenues from container business. Despite the superior market advantages that the company has enjoyed in the last few decades, the global economic…
Sea Shipping Services in Europe
The study aims to identify the impact, benefits, and drawback of implementing a short sea shipping policy within Greece. Within the paper, arguments have been made for supporting the adoption of the policy, and there have been clear facts presented. The paper also attempts to make comparisons between the different modes of transport available with an aim to show how cost effective and environmentally friendly short sea shipping is to a country. The results presented are backed by previous research that has shown the impact of marine transportation and made comparisons with road or rail transportation.
Short Sea Shipping is defined as the movement of passengers and cargo by sea, between ports that have a shared coastline without crossing an ocean. Short seas shipping has been at the forefront of the European Union's transport policy mainly because it offers the potential to reduce road congestion…
One of the most crucial factors towards the success of a shipping company is effective operations management. Shipping companies establish organizational structures and cultures that seek to promote effective operations management. Some of the major divisions in ship management include commercial, operation, administration, finance, and technical departments. Operations department is mandated with the task or responsibility of handling all issues relating to shipping management and ensuring that the shipping company undertakes activities that focus on achievement of respective business objectives. However, this department works in collaboration with the other departments to ensure that all functions and activities are coordinated and streamlined. Through the coordinated activities, the operations department has several responsibilities and authority that enable it to act as a link between the ship and the office. This paper discusses the authorities and responsibilities of the operation department as a link between the ship and the office.
Overview of Operation…
Business Plan for Argos Shipping Company
The proposal attempts to inaugurate a new shipping business to meet the demand for an overwhelming increase in the shipping services. Moreover, an increase in the level of international business has led to a rapid increase in demand for shipping services that offer reliability, convenience, speed, and promise. Moreover, the shipping industry is rapidly changing and growing because of the rapid rate of international trade, however, it is still pertinent to realize that shipping industry involves a lot of money because the business is competitive and capital intensive. More importantly, starting the shipping business requires having in-depth knowledge of container, import, and export, and logistics industries. Despite our intention to start the shipping business, we still need a business plan to realize our goal.
A business plan is one of the strategies that can assist a start-up company in succeeding in the shipping business,…
Generally, companies that ship products to other companies and/or individuals have contracts with at least one shipping company (Bannock, 1997; Ziegler & Aguilar, 2003). Other companies have many shipping options and allow the person to whom the item is being shipped to choose which shipper that person wants. Does it make sense for a company to nominate a particular shipping company for all of its shipping needs?
There are advantages and disadvantages of doing that, and any company must consider those advantages and disadvantages carefully before deciding on which company will be used for routine shipping. The company must also decide if there are to be exceptions to the rule when it comes to shipping special orders or something out of the ordinary. If the company is using a shipping company that is not appropriate for all of its needs, then the company may want to reconsider which…
Bannock, G., et al. (1997). Dictionary of Economics. NY: Penguin Books.
Bardi, E., Coyle, J. & Novack, R. (2006). Management of Transportation. Thomson South-Western.
Benett, S. (1986). A History of Control Engineering 1800-1930. Institution of Engineering and Technology.
Birch, D. (1979). The job generation process. Unpublished Report, Massachusetts Institute of Technology, prepared for the Economic Development Administration of the U.S. Department of Commerce, Washington D.C.
Personally I will never use FedEx again. It has easily been the worst experience with shipping companies I have ever had."(Measured Up)
Suggestions for improvement
While these 2 customers are extremely unhappy, and will probably never use FedEx again a lot of the problem could have been eliminated if the customer service personnel were more accommodating. It is my recommendation that FedEx have all their customer support staff attend customer service workshops. The fundamental purpose of a business is to get and keep customers. The goal is to satisfy customer/client needs at a profit. A company can only benefit from a strong customer service culture. Some of the benefits FedEx would attain from having their service staff attend a workshop would include: More satisfied customers, more repeat business, customers becoming advocates for the business and also a reduction of employee turnover.(the Customer Focus) There are several reasons a package may…
About FedEx.(2012) Histories of FedEx operating Companies. Retrieved from website: http://about.van.FedEx.com/FedEx-opco-history
Better Business Bureau (2012) Better Business Review. Fed Ex. Retrieved from website: http://www.bbb.org/memphis/business-reviews/mailing-services/FedEx-corporation-in-memphis-tn-3310
Encylopedia of Ecommerce (2012) Fed Ex Corporation-Early History. Retrieved from website: http://ecommerce.hostip.info/pages/443/FedEx-Corp-EARLY-HISTORY.html
Measured Up.(2012)Fed ex Reviews and Complaints.Retrieved from Website: http://FedEx-reviews.measuredup.com/539
This comes as a dramatic turnaround from Chang's statements to the Economist only six months ago, in which he indicated that the company was preparing to scrap part of its large fleet in addition to halting orders for new ships (2009, pp. 57). The reason for this turnaround, according to Shen, is the rather rapid return to profitability that the company has seen in its Asia-European shipping routes, and an expected similar return to profits in the Asia-American routs in the coming quarters (2010). As trade once again increases, the new ships will lead to a more modern and more environmentally sound and economically efficient fleet for the Evergreen Group.
The Future of Shipping
The internal analyses of the Evergreen Group are not the only reasons for the company -- and the shipping industry as a whole -- to take heart about future prospects. Current plans underway in the United…
Dean, J. (2003). "Evergreen Group Plans to Expand Its Shipping Fleet." Wall Street Journal 242(49), pp. A2
Drobetz, W.; Schilling, D. & Tegtmeiler, L. (2010). "Common risk factors in the returns of shipping stocks." Maritime policy & management 37(2), pp. 93-120.
Economist, the. (2009). "Sea of troubles." Economist 392(8642), pp. 55-7.
Shen, B. (2010). "Evergreen Group of Taiwan builds new ships." China economic news service. Accessed 17 March 2010. http://news.cens.com/cens/html/en/news/news_inner_31624.html
Any company that is a leader in an industry knows that what they sell had better be both quality and innovative in order to compete within their designated industry. iordan Manufacturing is no different. iordan has long been a company that offers both quality and innovative products in the plastic molding and parts industry. It also has a strong internal structure that works harmoniously with the objectives of the company. Despite iordan's position as a leader in their industry, the company does face some internal challenges, which work against their company objectives. This paper will look at these areas that require improvement, including finance and accounting, training budget, shipping and receiving, human resources, and the new pyramid bottle cap design for The Taylor Group. The paper will utilize the Issue, ule, Analysis and Conclusion (IAC) method in each distinct area.
Finance and Accounting
Issue: One of the chief…
Association for Automatic Identification and Mobility: Technologies: RFID / What is RFID?.
Retrieved on 19 April 2011:
The accomplishments of Fred Olsen
The shipping business constitutes one of the most lucrative undertakings in the different regions of the globe. It has been associated with some of the most influential names in the history of this world. Norway, like other great nations of the world has been privileged to enjoy the possession a massive number of renowned shipping industries with one of them being the Olsen Group (Lorange, 2005). Whenever Olsen Group of Companies is mention, the name of its chairperson Fred Olsen has to crop up. The entrepreneur, whose family has engaged in the shipping business for at least five generations, has had a number of accomplishments, not only in relation to the organization, but also in other establishments in the industries and other aspects of life.
Fred Olsen, born Thomas Fredrik Olsen is a renowned business mogul, synonymous with shipping companies in…
Cooke, A. (2012). Cruise ships of the Solent past and present. Ramsey: Ferry.
Fred. Olsen & Co. (1965). Fred. Olsen Lines, Oslo, Norway: The Company
Hephaestus Books, (2011), Articles on Shipping Companies, Including: Fred. Olsen & Co., List of Ship Companies, Carnival Cruise Lines, Pacific Forum Line, Mitsui O.S.K. Lines, Glovis, Neptune Orient Lines, Norwegian Cruise Line, K Line, Hanjin, Hephaestus Books
Hephaestus Books, (2011), Articles on Fred. Olsen, Including: Fred. Olsen & Co., Seawise Giant, First Olsen Tankers, Petter Olsen, Fred. Olsen Cruise Lines, Fred, Olsen Energy, Bonheur, Ganger Rolf ASA, Fred. Olsen Express, Fredrik Olsen, Norwegian Air, Hephaestus Books, 2011
At the time, the industry sought to examine both oil pollution in general and ocean dumping as well as land-based sources of ocean pollution. According to ang, "More significant was the rapid technological development in the design of large-sized oil tankers which required constant rule changes. By 1973 it was evident that the 1954 convention provisions were inadequate or outdated, and by then the likelihood of the 1954 convention coming into force was rather doubtful" (334).
The new protocol ultimately entered into force in January 1978. The 1973 version of MARPOL was comprised of 20 articles concerning general obligations under the convention (e.g., prohibition of violation of requirements, rules for ship inspection, enforcement, reporting on incidents involving harmful substances, and most importantly, five technical annexes or regulations on 1) oil pollution; 2) control of noxious liquid substances in bulk; 3) harmful substances carried by sea in package forms or in…
Advice on Impact of Reduction in Sulfur Content of Marine Fuels Marketed in the EU." (2002, January 1). European Commission Study C.1/01/2002.
Brewer, Stuart. (2005, March 15). "Marpol Annex VI sets sulphur test." DNV Germany. [Online]. Available: http://www.dnv.de/Publikationen/classification_news/class_news_1_2005/MarpolAnnexVIsetssulphurtest.asp.
Chasek, Pamela S. Earth Negotiations: Analyzing Thirty Years of Environmental Diplomacy. New York: United Nations University Press, 2001.
Consultation Paper regarding the European Commission's proposal for a Directive amending Directive 1999/32/EC as regards the sulphur content of marine fuels. (2003, July). European Parliament.
announcement merger companies Vela Bahri. *Size companies *easons merger * process merger ( time ) * happened stock prices shareholders reaction *After completed merger results merger? status change? *oles top manager merger.
Vela Bahri Merger
Information from the announcement of the merger
The announcement of this important merger was made on June 27, 2012 by Saudi Aramco and the National Shipping Company of Saudi Arabia. The announcement revealed the fact that the two companies signed a non-binding memorandum of understanding, in order to pursue the merger of the fleet and operations of Bahri and Vela International Marine Limited, which is a wholly owned subsidiary of Saudi Aramco.
The objective of the merger is represented by developing a larger and more diversified national shipping company. By joining their forces, the two companies expect to become a force in the shipping activity. Their intention is to successfully address the shipping activity by…
1. Vela Bahri Merger Creates One of the World's Largest Shipping Firms (2012). Hellenic Shipping News. Retrieved April 4, 2013 from http://www.hellenicshippingnews.com/News.aspx?ElementId=28f180f6-7b3c-4e67-b05e-bd3b3bede16f .
2. Bahri, Vela Sign Merger Agreements (2012). Mubasher Info. Retrieved April 4, 2013 from http://english.mubasher.info/portal/TDWL/getDetailsStory.html?goToHomePageParam=true&storyId=2188139 .
The seller is deemed to have delivered the goods at that point, and the buyer is therefore obligated to pay for those goods.
4. The buyer cannot reasonably deny that the seller delivered the promised shipping documents. Neither can the buyer claim that the seller should bear the risk of damaged goods. As with CIF contracts, the seller in an FO contract must bear the risk of any loss or damage to the goods until such time as the goods have passed the ship's rail at the port of shipment. The goods are at the buyer's risk from the moment they have passed the ship's rail at the port of shipment.
3. Does it matter whether or not the seller advised the buyer that a war might break out between the two states as soon as the seller became aware of this fact?
It depends on when the seller knew…
CARR, I., & STONE, P.A. (2010). International trade law. London, Routledge-Cavendish. Carriage of Goods by Sea Act (1992)
INTERNATIONAL CHAMBER of COMMERCE. (2010). Incoterms 2010: ICC rules for the use of domestic and international trade terms: entry into force 1 January 2011. Paris, ICC
Sale of Goods Act (1979)
Carriage of Goods by Sea Act (1992)
The NATUNA SEA sinking incident occurred on October 3, 2000 on the rock-strewn outcrop of Batu Berhanti in Indonesia when it was headed to Jinzhou, China. The grounding of the NATUNA SEA took place approximately 6NM from the tanker’s manager’s office (Ferguson, 2002). This incident had devastating effects because of the oil spill into the sea, which was nearly 3 years after the EVOIKOS oil spill. Since the occurrence of this incident, the shipping industries in Singapore and Indonesia have embarked on several initiatives to prevent future accidents and their subsequent oil spills. These industries have also been keen in ensuring oil pollution from such incidents are avoided or mitigated. However, there is need for more initiatives to be undertaken by the shipping industry in order to prevent and deal with such incidents in an effective manner.
Brief Description of the Ship
NATUNA SEA was a Panamanian tanker that was…
Differentiation and Positioning
Strengths and Weaknesses of Venture
Market Opportunities and Threats
Essentials of financial Plan
Pro forma income statement
Pro forma Balance Sheet
Assessment of isk
Machinery & Equipment
General Operating Hours
Flow of order for goods and services
The paper is a business plan for a new business which is aimed to create a new product in the U.S. market. The paper discusses the various aspects of the business plan. It includes the market analysis, operational plan, marketing plan, financial plan and the risks associated with the business.
I would like to introduce the readers to the…
Barnard, Chester The function of the executive, Harvard University Press, Cambridge Mass, 1938,-page 235.
Bent Flyvbjerg, Mette K. Skamris Holm, and Soren L. Buhl (2002),"Underestimating Costs in Public Works Projects: Error or Lie?" Journal of the American Planning Association, vol. 68, no. 3, 279-295.
Eric S. Siegel, Brian R. Ford, Jay M. Bornstein (1993), 'The Ernst & Young Business Plan Guide' (New York: John Wiley and Sons)
Hamel, G. & Prahalad, C.K. "The Core Competence of the Corporation," Harvard Business Review, May -- June 1990.
e. By salving the ship and cargo) (IMO, 1989). This was to acknowledge the need to treat environmental degradation as a global problem and to encourage sustainable practices on the part of all contractual parties involved international shipping.
Damage to the environment is defined as "substantial physical damage to human health or to marine life" and under the Convention the awarded "compensation consists of the salvor's expenses, plus up to 30% of these expenses if, thanks to the efforts of the salvor, environmental damage has been minimized or prevented (SCOPIC, 2007). The salvor's expenses and financial distress are defined as "out-of-pocket expenses reasonably incurred by the salvor in the salvage operation and a fair rate for equipment and personnel actually and reasonably used" (SCOPIC, 2007). The tribunal or arbitrator between the two parties alleging a breach of contract "may even reward 100% of the agreed upon sum, in light of…
"Chapter 5: Fundamental breach, deviation, quasi-deviation, and rupture of the contract."
July 8, 2009.
"International Convention on Salvage, 1989." International Maritime organization (IMO).
History of FedEx:
The attempts at using airplanes for commercial transportation of goods started when the air planes started flying. One of the first air freight carriages took place in 1910 when a department store sent a bolt of silk by air from Dayton to Columbus, Ohio. This transport was studied by the local newspapers and they said that it had beaten the railroad transport that was the normal mode of carriage between the two cities. The volume of goods sent by air continued increasing regularly and in 1927, the total volume lifted by air became a total of 45,900 pounds and this grew in 1929 to a total of 257,000 pounds. The quantity lifted by air became more than a million pounds in 1931 a year. (A History of Commercial Air Freight)
The possibilities of lifting goods by air had been noted, yet the possibilities of the…
"A History of Commercial Air Freight." Retrieved from http://www.centennialofflight.gov/essay/Commercial_Aviation/AirFreight/Tran10.htm Accessed on 24 May, 2005
"Air Express & Parcel Shipments Case Study: How we reduced a Client's Express Shipment Costs." Retrieved from http://www.buslog.com/air-express-parcel-shipments/case-study1.html Accessed on 24 May, 2005
Egan, David. "Comparison Shopping for Shipping." Retrieved from http://www.craftsreport.com/june99/businessbasics.html Accessed on 24 May, 2005
"Federal Express." (3 December, 1999) Retrieved from http://parkercenter.johnson.cornell.edu/docs/other_research/1999_fall/fdx.pdf Accessed on 24 May, 2005
Oceans have, since long in history, been known as a means of transportation. However, in contrast to a couple of decades ago, ships today transport goods more than they do people. The emergence of intercontinental air travel made air transport relatively cheaper and perhaps more preferable to sea travel over long distances. As a result, sea travel today is largely limited to recreational cruises and shorter trips such as ferry services.
As globalization increased, markets became more open to trade; as a result, demand levels escalated, and so and did shipping volumes. The international trade growth rate was consistently reported to be twice that of aggregate economic activity between 1950 and 2000 (Clark, 2002). Between 2000 and 2001, for instance, world trade grew at an average annual rate of 5.4%, while economic activity, measured by global GDP, only grew at annual average of 3%. This trend has seen global…
Clark, R.P. (2002). Global Awareness: Thinking Systematically around the World. Lanham, Maryland: Rowman and Littlefield Publishers.
Hofstra University. (2014). The Geography of Transport Systems. Hofstra University Library. Retrieved 1 April 2014 from http://people.hofstra.edu/geotrans/eng/ch3en/conc3en/benefits_containerization.html
Right now, long wait times are being reported despite the fact that the crew has the capacity to load and unload twenty trucks a day when they are only dealing with fifteen. The fact that they could handle sixteen trucks a day with one fewer person illustrates at least on part of the inefficiency right away -- if the team has one more person than they need and they are still not capable of reducing wait times, than trucks' times are not being efficiently coordinated.
If, as can be assumed, there is generally more loading occurring in the early part of the day, then perhaps an extra crew person could be hired for the first four hours of the day, with only three remaining for the last four hours. This would have no effect on the overall cost of employment for the loading crew. With the capacity to load twenty-four…
Coal is one of the major cargos that are shipped every year in hundreds of millions of tons though it is no longer used as a major ship fuel. Currently, coal is mostly shipped for power consumption and for industrial purposes such as steel production. However, shipping coal is associated with several safety concerns for the dry bulk industry (Ott, 2012). These safety concerns are attributable to the fact that coal can self-heat, ooze corrosive substances, generate explosive gases, and liquefy. A ship (Ship M/V EVRIDIKI) managed by this operations department has been scheduled to load coal 42’ at port of Gladstone (Australia) on 20th November 2016 under a voyage charterparty. The destination of this shipment is the port of Constanta in Romania. The distance is 9510 nautical miles (8392 to Suez) and the discharging will be carried out with the ships’ gears. Some of the important issues to consider…
These customers are the largest potential customers and the ones most willing to work with our company. There will not be a channel specifically geared to the individual homeowner, because of the difficulties in installing the barrier in an existing building, and the fact that the barrier needs to be installed by a professional in order to be under warranty. We have explored some options for distributing to the single customer market, but none have proven to be viable. At present, therefore, the only significant distribution channel will be direct distribution to contractors who have formed a business relationship with our sales representatives.
We control the channel -- but for access to the customers we have a team of sales representatives. These will preferably be people who are already involved in the industry and have good contacts. It is important to realize that by distributing through one channel to one…
ICT and Price Chopper
Despite being more than a decade-and-a-half old, this 1994 case study detailing the use of Information and Communication Technology (ICT) by the New England grocery store chain Price Chopper could, with a few minor updates, be written about the company and indeed the grocery industry as a whole. Price Chopper was an early innovator in the adoption of certain of the technologies discussed, but they are all now ubiquitous -- or at least becoming so -- in all companies and regions of the grocery industry. The use of these technologies in many different areas of each store's operations as well as within the larger Price Chopper system provided many advantages of efficiency and increased productivity that have now become the normative mode of operation in the grocery industry as a whole. A critical review of this case study demonstrates the early position Price Chopper took in…
Ballantine, W. (2010). Store's self-checkout machines sometimes keep Staten Islanders' change. SI Live. Accessed 20 January 2011. http://www.silive.com/northshore/index.ssf/2010/07/stores_self-checkout_machines.html
CRC. (2006). Critical success factors in ICT implementation. Accessed 20 January 2011. http://www.construction-innovation.info/index.php?id=807
Gujarathi, D. & Patil, R. (2009). Role of ICT and E-Governance for Rural Development. International Referred Research Journal 1(9):79-88.
Mangan, J., Lalwani, C. & Butcher, T. (2008). Global Logistics and Supply Chain Management. New York: Wiley.
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain.
Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate data from each step of the operation, the engineers could have been more involved in the process and made improvements along the way before it became a large-scale crisis.
Through web-based business applications, engineers can now examine a defective printer cartridge and then use a thin client to put a hold on the entire batch if necessary, regardless of its physical location (anywhere in the world)
In conclusion, it is apparent that e-business is making its mark on the business…
Alexander, Michael. (2001). Factory Floors Go Online -- Pioneering manufacturers close the final gap in their supply chains. InternetWeek; Manhasset; Mar 12, 2001.
2002) Automotive Design & Production. Cincinnati, 114(8), 70-72.
Steele, a.L. (2001). Cost drivers and other management issues in the JIT supply chain environment. Production and Inventory Management Journal. Alexandria, 42(2), 61-68
Drickhammer, D. (2001, May 21). Peak performance. Industry Week. Cleveland, 250(8) 36-40.
It must the compare it with the returns the company is earning without going for the proposal. The new vessels required for the project will increase the transportation time. Great lakes Carriers must consider the increasing international oil prices and its potential implications on the company's costs.
Supply Chain Considerations
There are a few supply chain issues that are important to be taken into consideration. It is important that Great Lakes Carriers consider the fact that the new proposal will increase the transportation time in many cases as compared to other alternatives such as rail and road. The company will have to see that how many clients will agree to trade off lower transportation time and costs with increased benefits of FID. This is important because in many cases, businesses want their goods to be transported in minimum possible time and increased transportation time will make them reschedule their stocking…
Visich, J., Li, S. & Khumawala, B. (2007). Enhancing product recovery value in closed-loop supply chains with RFID. Journal of Managerial Issues. 19(3), 436-445.
Just as important as being able to have an adaptable supply chain is the ability to notify planners and managers when a shipment or delivery is not moving as expected (Stadtler and Kilger, 2005). Smooth flow of shipments is not a fact of life, and since many mistakes are likely to occur over the lifetime of the system, the ability to be notified in a timely manner of these mistakes and problems is key in planning and implementing a supply chain solution (Crainic, icciardi, and Storchi, 2009). Transportation planners should not plan a system with idea that perfection can be attained. Human beings will make mistakes. It is the ability to recognize when these mistakes occur, preferably as soon as practical, that sets a productive, efficient supply chain apart from one that is neither productive, nor efficient.
Effective organizational planning is not just about planning the actual shipping infrastructure, it's…
Crainic, Teodor Gabriel; Ricciardi, Nicoletta; and Giovanni Storchi. (2009).
"Models for Evaluating and Planning City Logistics Systems." Transportation Science. Vol. 43, No. 4, November 2009. Pp. 432-454.
Krajewska, Marta Anna and Kopfer, Herbert. (2009). "Transportation planning in freight
forwarding companies: Tabu search algorithm for the integrated operational transportation planning problem." European Journal of Operational Research,
Monopolies and Trusts:
Appropriate Areas for Government Intervention?
Capitalism is the economic system that has dominated the United States virtually since the day of its independence. A social and economic system based on the recognition of individual rights; capitalism demands that owners' rights to control, enjoy, and dispose of their own property must be respected. In a capitalist system, the purpose of government is to protect individual economic rights, and to make sure that no one individual, or group may employ physical or coercive force upon any other group or individual. The success of capitalism is well evident. The surpluses that this system produces have enabled individuals to experiment; to create new products, and market new ideas. These private surpluses are traded in a free market in direct competition with other buyers and sellers. Such competition is best represented by the efforts of two or more parties acting independently to…
Vicarious liability imposes liability on one person for an illegal or tortious act committed by another, such as the negligent conduct of the dockyard worker under BUG's employ. Tort Liability Basics: Strict, Vicarious, and Joint Liability," 1999)
hat defenses may be available to BUG?
BUG could argue that neither the dockyard worker not BUG security measures were not negligent, that security was adequate, and the incident was much like a car accident, making it the fault of the driver or robber, not BUG's inability to protect the employee of the vendor company. However, even if a car accident occurs "while the employee was driving from his office to a client's site," on a professional matter, the employer will likely be liable for the accident, thus BUG's legal fate does not look salutory. (Tort Liability Basics: Strict, Vicarious, and Joint Liability," 1999)
Tort Liability Basics: Strict, Vicarious,…
Tort Liability Basics: Strict, Vicarious, and Joint Liability." (Nov 1999) Findlaw. Retrieved 16 Sept 2006 at http://www.inc.com/articles/1999/11/15396.html
These are most likely to be experienced in Middle East and Africa in almost the same magnitudes/levels of severity.
Public disorder and domestic extremism are most likely to affect companies operating in Middle East as compared to the ones operating in Africa
How the threats presented affect operations such as shipping, personnel security, and business continuity.
The threats presented above are most likely to presented affect operations such as shipping, personnel security, and business continuity in various ways. Terrorism for instance is most likely to disrupt supply chain/logistics of the company. It can also threaten the personnel thereby directly interfering with the business continuity of the given business. The level of terrorism could be too high to bear and this might force the company to close shop or relocated to other less risky environments. Crime such as piracy has a more direct influence on the business continuity and operation costs…
Burns, L (2011). Toward a Contemporary Definition of Terrorism.Available online at http://forumonpublicpolicy.com/vol2011no3/archive/burns.pdf
Gunaratna, R (2006). Terrorism in Southeast Asia: Threat and Response. Center for Eurasian Policy Occasional Research Paper Series II (Islamism in Southeast Asia), No. 1.Available online at http://counterterrorismblog.org/site-resources/images/Gunaratna-Terrorism%20in%20Southeast%20Asia-Threat%20and%20Response.pdf
Hubbard, Douglas (2009). The Failure of Risk Management: Why it's Broken and How to Fix it. John Wiley & Sons. p. 46.
Price Waterhouse Coopers (2008). A practical guide to risk assessment*. How principles-based risk assessment enables organizations to take the right risks.Available online at http://www.pwc.com/en_US/us/issues/enterprise-risk management/assets/risk_assessment_guide.pdf'
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…
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 .
Managing a Start Firm
Despite the recession and weak growth in the housing market, the U.S. is still one of the strongest regions for trade. The reason why is because, some of the largest developed and developing economies are conducting business with the U.S. In some form. A good example of this can be seen by looking at the below table (which is illustrating the largest import and export partners of the United States).
Largest Trading Partners of the Unites States
("United States," 2012)
The figures are showing how the U.S. is one of the largest countries for conducting any kind of commerce. In the case of the startup firm that we are managing, this is an opportunity to be able to expand market share. To achieve this objective requires creating a business plan that will examine the products to be imported /…
ABF Freight Systems. (2012). ABFS. Retrieved from: http://www.abfs.com/rteguide/mexico/
China. (2012). CIA World Fact Book. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
Consumer Research. (2011). Mango.org. Retrieved from: http://www.mango.org/media/52400/consumer_research_executive_summary.pdf
Forwarder Express. (2012). Forward Express. Retrieved from: http://www.forwarderexpress.com/Price_List.html
Supply Chain Ann
Supply Chain Management Annotated Bibliography
Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle iver, NJ: Prentice Hall
The text by Chopra & Meindl (2010) is an excellent starting point for this discussion, primarily because it serves as a rather exhaustive introductory reading on the subject. Providing academic explanation of the basic premise of supply chain management and an extensive investigation of the strategies used for maintaining and evaluating this business dimension, the Chopra & Meindl text is a highly useful primary and frequently employed reference source on the subject.
Lee, H.L. (2002). Unleashing the power of intelligence. International Commerce eview: EC Journal, 2(1), 61-73.
The above source is well-supplemented by the article from Lee (2002), which adds a discussion about technological and practical advancement to the subject. Here, Lee identifies shifts both in capability and orientation, particularly vis-a-vis the…
Schoenfeldt, T.I. (2008). A practical application of supply chain management principles. Milwaukee, WI: Quality Press.
Slone, R., Mentzer, J., & Dittmann, J. (2007). Are You the Weakest Link in Your Company's Supply Chain? Harvard Business Review, 116-127.
For over 30 years, Al Merik Surfboard Company has been referred by many as a world leader in the production of surfboards .the Company has been producing more world champions' board than anyone in history. Products from Al Merik Surfboard Company are known all over the world and they have been quite marketable abroad. Despite the presence in the world, AL Merik Surfboard Company has never ventured into exporting its surfboards to Japan. The paper is a proposal on the basic idea to the Vice president of Al Merik Surfboard Company on how their surfboards can be marketed internationally.
Before embarking on the introduction of a product that is fairly new to market, it is mandatory to carry out market research on the particular new market. There are therefore various important factors that have to be considered when looking at Japan as a potential market for surfboards abroad.…
Discover logistics.(2008). Logistics in Japan. Retrieved October 11,2013 from http://www.dhl-discoverlogistics.com/cms/en/course/trends/asia/japan.jsp
Weinberg, C. (2013). Japan's 'demographics of doom' trump market-stimulating tricks. Retrieved October 11, 2013 from http://www.theglobeandmail.com/report-on-business/economy/economy-lab/japans-demographics-of-doom-trump-market-stimulating-tricks/article12092365/
Tanaka, H,.(2013). Revitalizing Japan's politics and economy the key to Japanese foreign policy and regional stability. Retrieved October 11, 2013 from http://www.eastasiaforum.org/2013/04/05/revitalizing-japans-politics-and-economy-the-key-to-japanese-foreign-policy-and-regional-stability/
Rizzo, P.(2010).U.S.A surfboard makers thrive in choppy waters. Retrieved October 11,2013 from http://www.nbcnews.com/id/38472495/ns/business-us_business/t/us-surfboard-makers-thrive-choppy-waters/#.Ulhk7MuLrFw
Workflow modeling widely types businesses, including health care organizations, visually summarize steps complex processes systems. When constructing a workflow model, important ensure model accurately reflects actual steps a process.
Workflow diagrams: Improving the workflow diagram
"Workflow modeling is basically the process of simplifying reality" (Malhotra, Jordan, & Patel 2005: 1). While the creation of a workflow diagram can never perfectly mirror reality, through this simplicity it is hoped that the tasks delineated can be eased. With a bare-bones presentation, "workflow, role players, devices, protocols and communications" are better understood and problems which can occur in the chain of causal links between these actors are identified and streamlined via a diagram.
Workflow modeling is based upon a systems approach to rectifying organizational problems, versus a patch approach where only the obviously wrong component of the system is addressed while the rest are left intact. While the patch approach might seem to…
Malhotra, S., Jordan, D, & Patel, V. (2005).Workflow modeling in critical care: Piecing your own puzzle. AMIA National Symposium Proceedings. Retrieved from:
Assumption Use in the Financial Plan
Additional Assumption in Sensitivity Analysis
FIRST TWELVE MONTH CASHFLOW RESULT
HOW MUCH SHOULD NORMAN PAY FOR THE EXCLUSIVE RIGHT?
FORECASTED CASHFLOW FOR THE NEXT FIVE-Year
CASH FLOW WITH A LOAN AT 8% PER ANNUM
THE SALES PRICE AND kg SALES GRADUALLY INCREASE AT 5%
THE SALES PRICE PER kg INCREASE AT 10% UT THE UNIT SALES REMAIN AT 5%.
Investment Value Using At Discounted Rate 5%
est Financial Plan and Option
Assumption Use In The Financial Plan
Additional Assumption in Sensitivity Analysis
It is further assumed that price will increase gradually at the rate of 8% per annum and sales will increase at 7% per annum.
For the purpose of analysis, both the sales price and Kg sales will gradually increase at 5%.
Another scenario will be that the sales price per Kg increase at 10% but the unit sales…
Saltelli, A., Ratto, M., Andres, T., Campolongo, F., Cariboni, J., Gatelli, D. Saisana, M., and Tarantola, S., 2008, Global Sensitivity Analysis.The Primer, John Wiley & Sons.
Sensitivity analysis. (2014). Retrieved Janaury30, 2014, from http://en.wikipedia.org/wiki/Sensitivity_analysis
€ Exchange Rate $
Startup e-Business Cost
The web site that I had in mind would be dedicated to providing products and services that can help consumers more their homes more energy efficient. Therefore the site will be focused on a regional market in the ashington area.
Accounting, consulting, and legal
Of these three expenses, the consulting expense will be the largest because the site will require some expertise to design. The estimate would be $5,000 to have some help design everything. I would estimate $1,000 for accounting and legal just to have someone look over the information and set up an accounting system.
Advertising, marketing, and public relations
This will also be a significant expense and the marketing team should be involved with the design from the very beginning - $5,000
Much of the business plan will be created by the company's executives but will also have the assistance…
Google. (2014, February 27). Google Inc. Retrieved from Google Finance: http://www.google.com/finance?fstype=ii&q=NASDAQ:GOOG
owner's equity 93,798.00
There are a number of different modes of transportation, and each mode has different safety considerations. This paper will look at road, rail, sea and air freight in particular. Obviously, there will be some safety issues that can affect any mode of transport -- human error or mechanical breakdown can happen to anything, anytime. But within each mode there will be unique risks, and it is important to understand what those risks are, in order that they be addressed effectively.
ail transport is generally considered to be one of the safer modes, but rail accidents are surprisingly common. The particular issues relating to rail tend to be issues with track maintenance, and trains taking corners too fast, both resulting in derailment. The Federal ailroad Administration provides oversight on railroad safety issues, in order to minimize the number of accidents that occur on the rails. However, derailments still occur,…
FRA (2015). Safety fact sheet. Federal Railroad Administration. Retrieved June 25, 2015 from https://www.fra.dot.gov/Page/P0680
Kristiansen, S. (2013) Maritime transportation: Safety management and risk analysis. Elsevier: Burlington, MA
The things most frequently linked with product liability are negligence, strict liability, breach of warranty, and various consumer protection claims. A warranty is breached when the guarantee is broken or when goods are not as anticipated, at the time the sale takes place, whether or not the defect is obvious. The seller is responsible to make things right by giving a refund or replacement.
It is possible for a seller to disclaim warranties. This is usually done by a statement made by the seller that states that no other warranty is expressed or implied. The UCC covers the scope to which sellers may disclaim definite kinds of warranties such as the warranty of merchantability or fitness for a particular purpose, or even disclaim all warranties in the case of starting that the goods are sold as is. Seller can specifically disclaim warranties of merchantability and fitness for a particular function.…
Sale of Goods. (2010). Retrieved November 9, 2010, from Trans Legal Web site:
Uniform Commercial Code. (2005). Retrieved November 9, 2010, from Cornell University Law
School Web site: http://www.law.cornell.edu/ucc/ucc.table.html
VMI is a highly orchestrated process that can drastically reduce the inventory carrying costs of a manufacturer, and is one that 3PL providers rely on public warehouses to attain.
The cost benefits of reverse logistics also contribute to the cost efficiencies of public warehouses (Berglund, Laarhoven, Sharman, Wandel, 1999). everse logistics is a supply chain process that seeks to capture packaging, recyclable components, and potentially toxic materials in products so they can be safely disposed of (Dowlatshahi, 2010). This is extremely expensive for manufacturers to do on their own, and given the compliance regulations globally surrounding electronic goods in particular, 3PL providers and public warehouse are seeing much interest in this specific service (Dowlatshahi, 2010).
Cost eduction and Service Bundling: The New Strategy of Public Warehouses
Historically public warehouses have relied on their variable cost business model, located in regions of the world that are distribution hubs, in addition to…
Magnus Berglund, Peter van Laarhoven, Graham Sharman, & Sten Wandel. (1999). Third-party logistics: Is there a future? International Journal of Logistics Management, 10(1), 59-70.
Dowlatshahi, S.. (2010). The role of transportation in the design and implementation of reverse logistics systems. International Journal of Production Research, 48(14), 4199.
Jayaram, J., & Tan, K.. (2010). Supply chain integration with third-party logistics providers. International Journal of Production Economics, 125(2), 262.
Jenkins, Michael. (1992). Gaining a Financial Foothold Through Public Warehousing. The Journal of Business Strategy, 13(3), 53.
These tasks allowed me to use the financial analysis skills I gained during the course of my education. I was able to uncover errors that were being made and alert my superiors so that the problem could be rectified.
The experience was valuable for a couple of reasons. For one, it provided me with a framework for the functional application of financial analysis. I learned much by poring through both the financial and managerial accounting figures. I focused on determining efficiencies, and was successful in making improvements in small ways.
I gained considerable experience in front line business as well. This acts as a complement to my academic background, because it puts that background into perspective. At Ming Feng, I gained a real appreciation for the way business works in the real world. It was a step into the old Hong Kong for me, away from the glass towers, but…
The challenges for the project managers relative to protecting the digital rights of the book are tough to counter, outside of creating a special ink that cannot be accurately photographed digitally or scanned. To attempt this strategy of creating ink that is not easily duplicable would have significantly increased the production costs, squeezing margins on the book as it moved through distribution channels. The risks of electronic duplication at this point can only be met with litigation against those distributors who violated the embargo, thereby making it possible for those fans wanting to gain notoriety by posting pages before the book was available to get the attention they want, even if it means ruining to books' value. In summary, the project managers did assess and respond to the risks they could foresee, and outside of significantly increasing the production cost, they did mitigate the larger risks of the books being…
Chapin (2007). Vancouver 2010 Olympic Winter Games. Information Technology Overview. March, 2007. Ward Chapin.
Sutton (2007). Vancouver Olympics 2010's CIO starts training. Neil Sutton. Computerworld Canada. June 14th, 2007. Downloaded July 20th, 2007 from location: http://www.itworldcanada.com/a/ComputerWorld/10cd14aa-3fae-4c01-a7e2-5242397f9a1e.html
a) When making capital budgeting decisions, Caledonia should focus on cash flows rather than accounting profits. The argument in favor of cash flows is simple -- cash flows are what drive company value, more so than economic profit. Profit can be distorted by a number of considerations that do not impact on cash flows. For example, depreciation expense is not a cash flow, but a means of accounting for the fact that the up front purchase is not on the income statement. By using cash flows, it is easier to account for the time value of money because the cash flows are represented in the time period in which they occur -- that is not always the case with accounting for economic profit.
b) Depreciation is not included in the calculation of cash flows, because it is not a cash flow. The item that depreciation represents is the…
Foundations of Finance for Ashford University, 7th Edition. Pearson Learning Solutions pp. 333-335
Some of the biggest incentives for manufactures are the outrageously low tax bases in southern states. "When taxes are paid, southern levies are lower than most Northern states. GM's Hamtramck, MIG, plant, for instance, has one of the highest property tax mileages in the United States at 88 mills." (Corbett, 2002) Taxes are some much lower than in say Michigan or New Jersey and southern state officials are very open to negotiations to land the new factories and the plethora of jobs. In other words, land values are low and government incentives are extraordinary so the automobiles industry would be crazy to not migrate south for those reasons alone. "Furthermore, utilities costs are lower. After the products have been assembled, the South's location is superior to the Midwest or the East Coast for delivery." (Corbett, 2002) but there are other incentives.
Not only is the land for the new facilities…
Corbett, Brian (2002). Southern hospitality. Ward's Auto World, August.
discovery of a cure for AIDS is a very significant breakthrough in the world of medicine. U.S. Triple Z Corporation is proud to be a part of this discovery. In keeping with the strategic goals of the company, a decision has been made to offer this medication to every country and to all its citizens in the world. Basically, all who need of this drug to help manage and control their sickness will be provided it. It is important to recognize however, that in the interest of offering this benefit uniformly to all citizens of the world, some critical decisions will have to be made. The first and most significant one is the segmentation of the population to which this drug can be provided. This is based on each nation's GDP and the ability of the population to afford this drug. It is advantageous if the company markets this product…
For example, customers and brokers have self-service capabilities for mortgage applications and brokers get assistance with application evaluation and pricing.
Last, but not least, the redesign of processes requires restructuring the organization. This is more than substituting technology for people; it's about evolving into an adaptive learning organization by building the organization around the restructured information and value chain.
This involves an interwoven organization consisting of the front office to take care of customers, the back room to handle internal processes and a group to take care of partnerships. Sharing information among the groups is essential for the organization to function properly. As part of the restructuring the company will also need new management skills such as the ability to understand the impact of new technologies, strategies and channels on customer behavior.
Technology experts can no longer be isolated in a separate it group; they must be distributed throughout the…
Karmarkar, Uday. (2004, August 9). Boot Camp for Service Operations. Harvard Business School. Retrieved June 19, 2005, at http://hbswk.hbs.edu/item.jhtml?id=4308&t=operations
History Naval Warfare
What was naval power in the age of sail and how did different sea going states exercise it from the period 1650-1850?
"There is a deep landlubber bias in historical and social research," writes Charles King. "History and social life, we seem to think, happen on the ground. What happens on the water…is just the scene-setter for the real action when the actors get where they are going. ut oceans, seas, and rivers have a history of their own, not merely as highways or boundaries but as central players in distinct stories of human interaction and exchange." Current essay is an exploration of the naval power and sea command during the period of the age of sail (1650-1850). The author has mentioned the war history and war strategies of major navies and sailors during this era. The author has also discussed how different sea going states exercise…
BibliographyAmes, Glenn Joseph. "Colbert, Mercantilism, and the French Quest for Asian Trade." DeKalb, IL: Northern Illinois University Press, (1996).Black, Jeremy. "Britain as a Military Power, 1688-1815." London: UCL Press, (1999).Boxer, C.R. "The Portuguese Seaborne Empire, 1415-1825." London: Hutchinson, (1969). Brewer, John. "Sinews of Power: War, Money and the English State, 1688-1783." Cambridge: Harvard University Press, (1988).Charles King, "The Black Sea: A History" Oxford: Oxford University Press (2004), 3.Diamond, Jared. "Guns, Germs, and Steel: The Fates of Human Societies." New York W.W. Norton & Co., (1997).Kennedy, Paul M. "The Rise and Fall of British Naval Mastery." Malabar, FL.: Robert E. Krieger, (1982).Pearson, M.N. Merchants and Rulers in Gujarat: The Response to the Portuguese in the Sixteenth Century. Berkeley: University of California Press, 1976.Timothy Brook, The Confusions of Pleasure: Commerce and Culture in Ming China (Berkeley and Los Angeles: University of California Press, 1998), 12.Warren I. Cohen East Asia at the Center: Four Thousand Years of Engagement with the World (New York: Columbia University Press, 2000), 88.]
The author discussed the sea power in the age of sail i.e., 1650-1800 and how different countries adopt this power. For this purpose the author analyzed main sea powers during this period i.e., Purtogues, Dutch, French and English in the Atlantic Ocean and Chinese navy. The author concluded that sea power was the main source of authority for any country. The courtiers with powerful fleet ships and navy were dominant in the world.
Mostly the countries having command on sea used this dominance to expand trade. There are also evidences of unfair means to occupy other countries as well to maintain this occupation. The author also discussed how the British Royal Navy used impressments system to forcefully include the seaman in the Royal Navy.
The capacity of good design is evident in its use to solve substantive socio-economic poblems thoughout the wold. My expeience and taining at Pason's was ich and compehensive, and left me with a lasting fascination fo design -- and with many skills needed fo a poductive, meaningful caee in fashion management.
4) Study Poposal Summay
Fashion in Tukey is a fast moving secto that has been hampeed by only summe and winte seasonal lines. Tends once launched twice each yea but with the addition of sping and autumn, the secto is expeiencing fou launches pe yea. These fast changes ae a wateshed of the etail migation to online and mobile channels.
As a case in point, conside that the Japanese clothing stoe Uniglo has established a vitual dessing oom -- a Magic Mio, as it is known; the Magic Mio uses a 60-inch colo-changing monito that lets shoppes ty diffeent…
references -- and over the long-term as the e-tail website learns their shopping habits. And the retailers and wholesalers benefit from receiving data about customer preference, in the form of metrics that show color swatch selections and such.
5) if you had a question to ask of the person interviewing you, what would it be?
If you had to choose just one, what single attribute is critical for success by a student of fashion management in this program?
How can a student in the program make the best use of many networking opportunities offered with university partners and fashion professionals?
Consider shipment productivity. Think of one way that you could improve shipment productivity and explain.
On-time shipments are an important indicator of how well various systems are functioning in relation to one another. Paying attention to on time shipment rates and patterns can also reveal any bottlenecks that are either novel or chronic. The various dimensions related to the on-time metric include the trends for shipments that are made on time, late, or early.
While the overarching goal is ensure that shipments are made on time and are not late, customer preferences and allowances can determine how much margin is permitted and desirable. For instance, a customer might indicate that early shipments are fine with them (i.e., the customer has plenty of room to store shipments in the warehouses or has generous display spaces that can absorb early shipments).
In addition to these fundamental measures of shipment logistics…
Martichenko, R. & Van Grabe, K. (2010, August 10). Building a lean fulfillment stream covers missing links in the supply chain. Cambridge, MA: Lean Enterprise Institute.
Feasibility of Bookstore Business
Dear Sir or Madam,
You had asked me to study and pore over the feasibility of taking your book store project into a self-sustaining career that would allow you to dedicate your full efforts to. To that end, I have prepared a data sheet and this brief memo to explain what challenges you face, what you have going for you and the overall feasibility of moving forward with this business endeavor.
As people in the accounting sphere know, fixed costs are the costs that are present in revenue/cost of revenue situation no matter what the sales figures and prices are. In general, the higher the overhead, the more money that has to be made just to break even. In the case of the bookstore business, there is $11,000 in overhead that must be absorbed by the revenue that comes from producing sales…
Southland Distribution and Electronic Shipment Tracking
Introduction to Supply Chain and Tracking Concerns at Southland Distribution
The cost reductions relative to wireless communication networks and increased efficiency in logistics and tracking within a shipping company are potentially enormous. Not only does tracking shipments make sense from a customer service standpoint, but the company actually saves money when shipments are tracked and sent to the proper destinations. Even within the current logistics system of a company, tracking shipments makes sense in order to solve delivery problems and issues. Many shipping companies use tracking programs and systems to help them stand out above other companies and services in a world where the economic recession has decreased the demand for shipping worldwide.
Southland Distribution is a company that does business through shipment of goods. The services it provides include multi-modal forms of transport as well as time-sensitive delivery of goods. Within a system…
Heaver, T.D. (2002). "The Evolving Roles of Shipping Lines in International Logistics."
International Journal of Maritime Economics, Vol.4, No. 3. pp. 210-230.
Holmstrom, Jan; Kajosaari, Risto; Framling, Kary and Erik Langius. (2009). "Roadmap to tracking-based business and intelligent products." Computers in Industry, Vol. 60, No. 3. pp. 229-233.
Karkkainen, Mikko; Ala-Risku, Timo and Kary Framling, (2004) "Efficient tracking for short-term multi-company networks," International Journal of Physical Distribution & Logistics Management. Vol. 34, No. 7. pp.545-564.
This makes the modernization of ports to better handle the growing number of containers a priority for many private as well as public concerns, and ports themselves can no longer remain competitive if they cannot make these modernizations (Peters 2001).
This brings up a final point about the need for port modernization. The availability of fast domestic ground transportation, both on rail and truck transport systems, has made port competitiveness increasingly important in modernization efforts. Container shipping ensures that no matter where a shipment enters a country, it can move on to other destinations reliably, and this has served to make non-modernized ports obsolete through their lack of necessity. When a somewhat farther port can offer a faster, cheaper, and more reliable way of moving cargo from a ship to ground transportation or vice versa, companies will choose this option. The move to containers is excellent news for ports that…
Furukawa, H. (2005). "Douala Port Container Terminal Modernization Project." Mitsubishi UFJ Research and Consulting Co., Ltd. Accessed 19 September 2010. http://www.jica.go.jp/english/operations/evaluation/oda_loan/post/2006/pdf/project50_full.pdf
Hillestad, R.; Van Roo, B. & Yoho, K. (2009). "Fast forward: Key Issues in Modernizing the U.S. Freight-Transportation System for Future Economic Growth." RAND Corporation. Accessed 19 September 2010. http://www.rand.org/pubs/monographs/2009/RAND_MG883.pdf
IDB. (2008). "Port of Montevideo Modernization Program." Inter-American development bank. Accessed 19 September 2010.
Levinson, M. (2006). The box: how the shipping container made the world smaller and the world. Princeton, NJ: Princeton University Press.