Tuesday, May 12, 2020
Business Operations And Development Human Resource...
BUSINESS OPERATIONS AND DEVELOPMENT HUMAN RESOURCE MANAGEMENT July 11 2015 MANAGE HUMAN RESOURCE AS A MANAGER IN A BUSINESS OPERATION. Unit standard 19022 LEVEL - 6 Version - 3 Credits - 12 Submitted by - Ramanpreet Singh Student ID - ND 15402 Outcome 1: Establish human resource requirements for a business operation a) Taking into account the sudden drop in students from one of NZAB main markets India, provide an outline for the most favorable or desirable organizational structure for NZAB new current situation. The new organizational structure should be outlined in terms of the functions and activities of the business operation. b) Use a diagram to support your explanation of the outline. ïÆ'Ë Managing Director: In NZAB managing director is the person who is responsible for all the strategies of the board of NZAB. Responsibilities of managing director are :- â⬠¢ Direct and control the work and resources of NZAB. â⬠¢ To provide strategic advice and guidance to the chairman or executive director. ïÆ'Ë Executive Director: The role of executive director in NZAB is that the person who is executive director he/she is specified person for decision making for all the marketing operations working under executive director. ïÆ'Ë Academic Director: Academic director is the specified programmer leader of NZAB. Who is recruiting staff for the appropriate department. He/she is the person who is lookingShow MoreRelatedBusiness Operation And Development : Human Resource Management Essay4152 Words à |à 17 Pages Unit Standard 19022 Business Operation and Development ââ¬â Human Resource Management Jitender Singh Level 6, Credit ââ¬â 12. Ã¢â¬Æ' Outcome 1: Establish human resource requirements for a business operation. a) Taking into account the sudden drop in students from one of the NZAB main markets in India provide an outline for the most favorable or desirable organization structure for NZAB new current situation. The new organization structure should be outline in term of the functions and the activityRead MoreBusiness Operation And Development : Human Resource Management Essay4290 Words à |à 18 Pages Student: Tushar Dobariya Student ID (15693) Sub: Business operation and development Human resource management (19022) Question 1:- Answer (A) â⬠¢ The IT program leader should be qualified and well educated as well as well experienced in IT industry. He/ she know basic things of work related to IT such as ZAVA, LINUX, and MICROSOFT. â⬠¢ The program leader of plans and English dialect studies office will take care of English. Follow the instructors and verify that as opposed toRead MoreHuman Resources Management Principles For A Profitable Professional Service Organizations865 Words à |à 4 Pagesuse management principles to maximize profitability. The importance of management principles include; ââ¬Å"improves understanding, direction for training of manager, role of management and guide to research in managementâ⬠(MSG Management Study Guide., 2015). In this paper we will discuss the difference between; human resources management principles compared to operations management principles and project management principles compared to operations management principles. Each of these management principlesRead MoreHuman Resorce Management vs. Operations Management vs.Preoject Management737 Words à |à 3 PagesOrlandus Leonard Human Resources Management vs. Operational Management Kaplan University MT 435 Operations Management Human Resources Management and Operational Management are two very distinct managements that are strangely co-dependent of each other in my view. Operations Management is responsible for designing, operating and improving productive systems or in laymanââ¬â¢s terms, systems for getting work done. Operations Managers are found in all walks of life. In anything you basically doRead MoreEssay on MBA detail course outline1314 Words à |à 6 Pages(Evening): 1.5 years (Quarters, 3, 4, 7, 8 14) General Management 1st Quarter Effective : Spring Quarter 2011 Human Resource Management Finance Accounting Banking Finance â⬠¢ Organizational Communication â⬠¢ Organizational Communication â⬠¢ Organizational Communication â⬠¢ Organizational Communication â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Principles of Management â⬠¢ Research Methods â⬠¢ Research Methods â⬠¢ ResearchRead MoreInformation Technology ( It ) Is A Universal And Versatile Tool1646 Words à |à 7 Pageswould lose my way. In addition, I can order pizza or anything else in the internet. In business, we cannot without it. We used for information-based system, intranet, and paperless system at work. We need a financial management system to deal with the financial things, and Decision Support System can help and support the decision and strategy. Along with IT developingï ¼Å'it is more and more important in business. It can strengthen enterprise competitiveness and promote enterprise reform. In the pastRead MoreResource Management At Apple Inc.1146 Words à |à 5 PagesResource Management Resource management is another interesting and important topic in the business of various organizations engaged in the manufacturing and sale of goods and service. Several organizations in the technology industry have managed to make investments in this industry, and thus it is important to monitor the use of various resources to avoid wastage. Resource management is currently considered as a strategy that is focused on reducing the cost of production and thus reducing the costRead MoreA Business Life Cycle Of Assessing, Planning, And Acting The Data From The Assessment Phase1383 Words à |à 6 PagesThrough a business life cycle of assessing, planning, and acting the data from the assessment phase is key to the success of other two phases. As the business cycles between planning and acting the results of activity need to be analyzed and incorporated into the adjustment of plans. During the assessment phase business leaders place an emphasis on measured business performance analysis to inform the planning phase (or the highest level of planning, strategy development). The empirical data derivedRead MoreTEN OPERATION MANAGEMENT DECISIONS1005 Words à |à 5 Pagesï » ¿Definitions of Operations management Operations managementà refers to the administration of business practices to create the highest level of efficiency possible within an organization.à Operations managementà is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations managementà is an area ofà managementà concerned with overseeing, designing, and controlling the process ofà productionà and redesigningà business operationsà inRead MoreWhat Role Do Hrm Practices Play in a Business Decision to Expand Internationally?1327 Words à |à 6 PagesPractices Play In A Business Decision To Expand Internationally? Ilein Arteaga 2608214 Florida International University HRM CONTRIBUTIONS TO INTERNATIONAL EXPANSION OF BUSINESS Human Resource practices play a great role in the international expansion of businesses. With globalization being the current trend in businesses all over the world, success of international business units depends heavily on the effective performance of the Human Resource department (Edwards
Wednesday, May 6, 2020
The Influence of the Renaissance on English Literature Free Essays
string(91) " but it was written in Latin \(1516\) and only later \(1555\) was translated into English\." Introduction: It is difficult to date or define the Renaissance. Etymologically the term, which was first used in England only as late as the nineteenth century, meansââ¬â¢ ââ¬Å"re-birthâ⬠. Broadly speaking, the Renaissance implies that re-awakening of learning which came to Europe in the fourteenth and fifteenth centuries. We will write a custom essay sample on The Influence of the Renaissance on English Literature or any similar topic only for you Order Now The Renaissance was not only an English but a European phenomenon; and basically considered, it signalised a thorough substitution of the medieval habits of thought by new attitudes. The dawn of the Renaissance came first to Italy and a little later to France. To England it came much later, roughly about the beginning of the sixteenth century. As we have said at the outset, it is difficult to date the Renaissance; however, it may be mentioned that in Italy the impact of Greek learning was first felt when after the Turkish conquest of Constantinople the Greek scholars fled and took refuge in Italy carrying with them a vast treasure of ancient Greek literature in manuscript. The study of this literature fired the soul and imagination of the Italy of that time and created a new kind of intellectual and aesthetic culture quite different from that of the Middle Ages. The light of the Renaissance came very slowly to the isolated island of England, so that when it did come in all its brilliance in the sixteenth century, the Renaissance in Italy had already become a spent force. It is difficult to define the Renaissance, but its broad implications in England do not defy discussion. Michelet exaggeratedly calls the Renaissance ââ¬Å"discovery by mankind of himself and of the world. This is, indeed, too sweeping. More correctly we can say that the following are the implications of the Renaissance in England : (a) First, the Renaissance meant the death of mediaeval scholasticism which had for long been keeping human thought in bondage. The schoolmen got themselves entangled in useless controversies and tried to apply the principles of Aristotelean . philosophy t o the doctrines of Christianity, thus giving birth to a vast literature characterised by polemics, casuistry, and sophistry which did not advance man in any way. b) Secondly, it signalised a revolt against spiritual authority-the authority of the Pope. The Reformation, though not part of the revival of learning, was yet a companion movement in England. This defiance of spiritual authority went hand in hand with that of intellectual authority. Renaissance intellectuals distinguished themselves by their flagrant anti-authoritarianism. (c) Thirdly, the Renaissance implied a greater perception of beauty and polish in the Greek and Latin scholars. This beauty and this polish were sought by Renaissance men of letters to be incorporated in their native literature. Further, it meant the birth of a kind of imitative tendency implied in the term ââ¬Å"classicism. â⬠(d) Lastly, the Renaissance marked a change from the theocentric to the homocentric conception of the universe. Human life, pursuits, and even body came to be glorified. ââ¬Å"Human lifeâ⬠, as G. H. Mair observes, ââ¬Å"which the mediaeval Church had taught them [the people] to regard but as a threshold and stepping-stone to eternity, acquired suddenly a new momentousness and value. . The ââ¬Å"otherworldlinessâ⬠gave place to ââ¬Å"this-worldlinessâ⬠. Human values came to be recognised as permanent values, and they were sought to be enriched and illumined by the heritage of antiquity. This bred a new kind of paganism and marked the rise of humanism as also, by implication, materialism. Let us now consider the impact of the Renaissance on the va rious departments of English literature. Non-creative Literature: Naturally enough, the first impact of the Renaissance in England was registered by the universities, being the repositories of all learning. Some English scholars, becoming aware of the revival of learning in Italy, went to that country to benefit by it and to examine personally the manuscripts brought there by the fleeing Greek scholars of Constantinople. Prominent among these scholars were William Grocyn (14467-1519), Thomas Linacre (1460-1524), and John Colet (14677-1519). After returning from Italy they organised the teaching of Greek in Oxford. They were such learned and reputed scholars of Greek that Erasmus came all the way from Holland to learn Greek from them. Apart from scholars, the impact of the Renaissance is also; in a measure, to be seen on the work of the educationists of the age. Sir Thomas Elyot (14907-1546) wrote the Governour (1531) which is a treatise on moral philosophy modelled on Italian works and full of the spirit of Roman antiquity. Other educationists were Sir John Cheke (1514-57), Sir Thomas Wilson (1525-81), and Sir Roger Ascham (1515-68). Out of all the educationists the last named is the most important, on account of his Scholemaster published two years after his death. Therein he puts forward his views on the teaching of the classics. His own style is too obviously based upon the ancient Roman writers. ââ¬Å"By turnsâ⬠, remarks Legouis, ââ¬Å"he imitates Ciceroââ¬â¢s periods and Senecaââ¬â¢s nervous concisenessâ⬠. In addition to these well-known educationists must be mentioned the sizable number of now obscure onesââ¬ââ⬠those many unacknowledged, unknown guides who, in school and University, were teaching men to admire and imitate the masterpieces of antiquityâ⬠(Legouis). Prose: The most important prose writers who exhibit well the influence of the Renaissance on English prose are Erasmus, Sir Thomas More, Lyly, and Sidney. The first named was a Dutchman who, as we have already said, came to Oxford to learn Greek. His chief work was The Praise of Folly which is the English translation of his most important work-written in England. It is, according to Tucker Brook, ââ¬Å"the best expression in literature of the attack that the Oxford reformers were making upon the medieval system. â⬠Erasmus wrote this work in 1510 at the house of his friend Sir Thomas More who was executed at the bidding of Henry VIII for his refusal to give up his allegiance to the ââ¬Ë Pope. Moreââ¬â¢s famous prose romance Utopia was, in the words of Legouis, ââ¬Å"true prologue to the Renaissance. â⬠It was the first book written by an Englishman which achieved European fame; but it was written in Latin (1516) and only later (1555) was translated into English. You read "The Influence of the Renaissance on English Literature" in category "Papers" Curiously enough, the next work by an English man again to acquire Euro pean fame-Baconââ¬â¢s Novum Organwn-was also written originally in Latin. The word ââ¬Å"Utopiaâ⬠is from Greek ââ¬Å"ou toposâ⬠meaning ââ¬Å"no placeâ⬠. Moreââ¬â¢s Utopia is an imaginary island which is the habitat of an ideal republic. By the picture of the ideal state is implied a kind of social criticism of contemporary England. Moreââ¬â¢s indebtedness to Platoââ¬â¢s Republic is quite obvious. However, More seems also to be indebted to the then recent discoveries of the explorers and navigators-like Columbus and Vasco da Gama who were mostly of Spanish and Portuguese nationalities. In Utopia, More discredits mediaevalism in all its implications and exalts the ancient Greek culture. Legouis observes about this work : ââ¬Å"The Utopians are in revolt against the spirit of chivalry : they hate warfare and despise soldiers. Communism is the law of the land; all are workers for only a limited number of hours. Life should be pleasant for all; asceticism is condemned. More relies on the goodness of human nature, and intones a hymn to the glory of the senses which reveal natureââ¬â¢s wonders. In Utopia all religions are authorized, and tolerance is the law. Scholasticism is scoffed at, and Greek philosophy preferred to that of Rome. From one end to the other of the book More reverses medieval beliefs. â⬠Moreââ¬â¢s Utopia created a new genre in which can be classed such works as Baconââ¬â¢s The New Atlantis (1626), Samuel Butlerââ¬â¢s Erewhon (1872), W. H. Mallockââ¬â¢s The New Republic (1877), Richard Jefferiesââ¬â¢ After London (1885), W. H. Hudsonââ¬â¢s The Crystal Age (1887), William Morrisâ⬠News from Nowhere, and H. G. Wellââ¬â¢s A Modern Utopia (1905). Passing on to the prose writers of the Elizabethan age-the age of the flowering of the Renaissance-we find them markedly influenced both in their style and thought-content by the revival of the antique classical learning. Sidney in Arcadia, Lyly in Euphues, and Hooker in The Laws of Ecclesiastical Polity write an English which is away from the language of common speech, and is either too heavily ladenââ¬âas in the case of Sidney and Lyly-with bits of classical finery, or modelled on Latin syntax, as in the case of Hooker. Cicero ? eemed to these writers a verv obvious and respectable model. Bacon, however, in his sententiousness and cogency comes near Tacitus and turns away from the prolixity, diffuseness, and ornamentation associated with Ciceronian prose. Further, in his own career and his Essays, Bacon stands as a representative of the materialistic, Machiavellian facet of the Renaissance, particularly of Renaissance Italy. He combines in himself the dispassionate pursuit of truth and the keen desire for material advance. Poetry: Sir Thomas Wyatt (1503-42) and the Earl of Surrey (15177-47) were pioneers of the new poetry in England. After Chaucer the spirit of English poetry had slumbered for upward of a century. The change in pronunciation in the fifteenth century had created a lot of confusion in prosody which in the practice of such important poets as Lydgate and Skelton had been reduced to a mockery. ââ¬Å"The revivalâ⬠, as Legoius says, ââ¬Å"was an uphill task; verse had to be drawn from the languor to which it had sunk in Stephen Hawes, and from the disorder in which a Skelton had plunged it; all had to e done anewâ⬠. It was Wyatt and Surrey who came forward to do it. As Mair puts it, it is with ââ¬Å"these two courtiers that the modern English poetry begins. â⬠Though they wrote much earlier, it was only in 1557, a year before Elizabethââ¬â¢s coronation, that their work was published in Tottelââ¬â¢s Miscellany which is, according to G. H. Mair, ââ¬Å"one of the landmarks of En glish literature. â⬠Of the two, Wyatt had travelled extensively in Italy and France and had come under the spell of Italian Renaissance. It must be remembered that the work of Wyatt and Surrey does not reflect the impact of the Rome of antiquity alone,. but also that of modern Italy. So far as versification is concerned, Wyatt and Surrey imported into England various new Italian metrical patterns. Moreover, they gave English poetry a new sense of grace, dignity, delicacy, and harmony which was found by them lacking iil the works of Chaucer and the Chaucerians alike. Further, they Were highly influenced by the love poetry of Petrarch and they did their best to imitate it. Petrarchââ¬â¢s love poetry is of the courtly kind, in which the pining lover is shown as a ââ¬Å"servantâ⬠of his mistress with his heart tempest-tossed by her neglect and his mood varying according to her absence or presence. There is much of idealism, if not downright artificiality, in this kind of love poetry. It goes to the credit of Wyatt to have introduced the sonnet into English literature, and of Surrey to have first written blank verse. Both the sonnet and blank verse were later to be practised by a vast number of the best English poets. According to David Daiches. Wyattââ¬â¢s sonnets represent one of the most interesting movements toward metrical discipline to be found in English literary history. â⬠Though in his sonnets he did not employ regular iambic pentameters yet he created a sense of discipline among the poets of his times who had forgotten the lesson and example of Chaucer and, like Skelton, were writing ââ¬Å"raggedâ⬠and ââ¬Å"jaggedâ⬠lines which jarred so unpleasantly upon the ear. As Tillyard puts it, Wyatt ââ¬Å"let the Renaissance into English verseâ⬠by importing Italian and French patterns of sentiment as well as versification. He wrote in all thirty-two sonnets out of which seventeen are adaptations of Petrarch. Most of them (twenty-eight) have the rhyme-scheme of Petarchââ¬â¢s sonnets; that is, each has the octave a bbaabba and twenty-six out of these twenty-eight have the c d d c e e sestet. Only in the last three he comes near what is called the Shakespearean formula, that is, three quatrains and a couplet. In the thirtieth sonnet he exactly produced it; this sonnet rhymes a b a b, a b a b, a b a b, c c. Surrey wrote about fifteen or sixteen sonnets out of which ten use the Shakespearean formula which was. to enjoy the greatest popularity among the sonneteers of the sixteenth century. Surreyââ¬â¢s work is characterised by . exquisite grace and tenderness which we find missing from that of Wyatt. Moreover, he is a better craftsman and gives greater harmony to his poetry. Surrey employed blank verse in his translation of the fourth book of The Aeneid, the work which was first translated into English verse by Gavin Douglas a generation earlier, but in heroic couplets. Drama: The revival of ancient classical learning scored its first clear impact on English drama in the middle of the sixteenth century. Previous to this impact there had been a pretty vigorous native tradition of drama, particularly comedy. This tradition had its origin in the liturgical drama and had progressed through the miracle and the mystery, and later the morality, to the interlude. John Heywood had written quite a few vigorous interludes, but they were altogether different in tone, spirit, and purpose from the Greek and Roman drama of antiquity. The first English regular tragedy Gorboduc (written by Sackville and Norton, and first acted in 1562) and comedy Ralph Roister Doister (written about 1550 by Nicholas Udall) were very much imitations of classical tragedy and comedy. It is interesting to note that English dramatists came not under the spell of the ancient Greek dramatists ââ¬Å"(Aeschylus, Sophocles, and Euripides, the tragedy writers, and Aristophanes, the comedy writer) but the Roman dramatists (Seneca, the tragedy writer, and Plautus and. Terence! the comedv writers). It was indeed unfortunate, as Greek drama is vastly superior to Roman drama. Gpfboduc is a sââ¬â¢avish imitation of Senecan tragedy and has all its features without much of its life. Like Senecan tragedy it has revenge as the tragic ââ¬âotive, has most of its important incidents (mostly murders) narrated on the -stage by messengers, has much of rhetoric and verbose declamation, has a ghost among its dramatis personae, and so forth. ââ¬Ë. ââ¬Å". is indeed a good instance of the ââ¬Å"blood and thunderâ⬠kindââ¬â¢ of tragedy. Ralph Roister Doister is modelled upon Plautus and Terence. It is based on the stupid endeavours of the hero for winning the love of a married woman. There is the cunning, merry slave-Matthew Merrygreek-a descendant of the Plautine slave who serves as the motive power which keeps the play going. Later on, the ââ¬Å"University Witsâ⬠struck a note of independence in their dramatic work. They refused to copy Roman drama as slavishly as the writers of Gorboduc and Roister Doister. Even so, their plays are not free from the impact of the Renaissance; rather they show it as amply, though not in the same way. In their imagination they were all fired by the new literature which showed them new dimensions of human capability. They were humanists through and through. All of themââ¬âLyly, Greene, Peele, Nashe, Lodge, Marlowe, and Kyd-show in their dramatic work not, of course, a slavish tendency to ape the ancients but a chemical action of Renaissance learning on the native genius fired by the enthusiasm of discovery and aspiration so typical of the Elizabethan age. In this respect Marlowe stands in the fore-front of the University Wits. Rightly has he been called ââ¬Å"the true child of the Renaissanceâ⬠. How to cite The Influence of the Renaissance on English Literature, Papers
Saturday, May 2, 2020
The clinical management of bipolar disorder - Myassignmenthelp.Com
Question: Discuss about The clinical management of bipolar disorder. Answer: Upon the assessment of the complications affecting John Thompson post BPAD treatment with Sodium Valproate, it was acknowledged that by addressing the most critical problem, Johns recovery would be increasingly shortened. The main problem for John is the worsening mood he developed and increased symptoms over the last 3 weeks. Johns behavior has become erratic over the previous two weeks. Johns condition has worsened to a level that he disappeared and exhausted family bank account by investing a hoax property deal overseas. There is a link between the post-BPAD Sodium Valproate treatment and the johns recovery time, which further contributes to additional commodities including quality of life, mood, and depression (Connolly Thase, 2011). The focus of this clinical questions, therefore, is to determine what is known about the effect of post-Sodium Valproate treatment on BPAD recovery time for the BPAD treatment and ongoing case management. Thus, using the PICO (T) approach for the de velopment of a focused, answerable question with appropriate keywords, the following question was effectively formulated. References Connolly, K. R., Thase, M. E. (2011). The clinical management of bipolar disorder: a review of evidence-based guidelines.The primary care companion for CNS disorders,13(4).
Tuesday, March 24, 2020
America Saying Essays - California Culture, Counterculture, Fashion
America Saying I hear this America screaming, "Our time so greatness is at hand!" Relieving us of knowledge, repressing the boldest new ideas Belligerance the song of their band I hear this America screaming, "Close the door to the mind!" mocking new ideas opppressing alternate religion dogmatizing those of its kind I hear this america screaming, "We'll fight for our country!" building another weapon tossing aside the hippies' please dropping bombs headed for the next century I hear this america screaming, "Come join us! Be free!"...but i'll build my own house i'll light my own fire i'll do anything...that i feel...is me
Friday, March 6, 2020
Essay Darrow Aluminum
Essay Darrow Aluminum Essay Darrow Aluminum Size-Up and Key Factors Macroeconomic and Industry Conditions The bond yield curve supports the belief that the US economy is expected to grow in the near term (yields are increasing over time). The aluminum industry is mature in North America, although growth is not expected to decline. The aluminum industry does not appear to have significant barriers to entry. Aluminum products appear to be commoditized, ie there is no easy way of differentiating based on product attributes and hence companies in this industry likely have to compete on price. Export markets, specifically emerging markets, represent a source of growing demand for aluminum products. This is an attractive opportunity for firms in the industry, representing both a potential source of revenue growth as well as diversification and risk mitigation. However, this is not entirely risk-free, as it would expose firms to more complicated operational challenges as well as currency risk. There are also considerations surrounding ease of entry and domestic competition within emerging markets ââ¬â Darrow LPC has no significant presence in emerging markets and may not be able to price competitively with domestic producers of similar products on account of its exclusively (higher-cost ââ¬â unionized workforce etc.) North American operations. Borrowing costs for firms are rising. The prime rate is on the rise, lending options for smaller companies are limited ââ¬â large banks have no interest in financing small-scale deals - and the required rate of return from venture capital is fairly high at ~25% and would entail the imposition of covenants. Aluminum demand is still largely driven by demand within the United States and other Western countries, but growth is expected in developing economies. Continued demand for Aluminum LPC products in the United States, expected to be at around 2%, combined with even greater emerging market demand, indicate that demand for LPC products will continue to grow in the near-term. Aluminum foil packaging products, the LPC Divisionââ¬â¢s primary product in terms of revenues at present, is considered a major source of growth and profit potential. Secondary aluminum markets are on the rise due to lower cost, convenience and growing customer acceptance. This could represent a significant threat to operating margins should the growth of secondary markets place downward pressure on the price for aluminum products. The price of aluminum is volatile, fluctuating between $1100 and $1325 per tonne in just a two-year span. Further, the price of aluminum is expected to rise to $1600 by 1996. This could raise input costs significantly, hurting margins and creating the potential of increased competition from substitute products manufactured from a different material should the price of aluminum make other substitutes more attractive or less costly. Internal Considerations Darrow LPC is largely reliant on supplying foil to the tobacco industry, which accounts for 67% of their sales. Moreover its contract with Feldman, its largest customer, does not specify a minimum volume to be supplied. This is a significant risk as the tobacco industry would generally be considered an industry in decline in the United States at this time. Darrowââ¬â¢s aluminum and steel cable wrap products, although accounting for a much smaller percentage of revenue than foil packaging at this time, are experiencing rapid growth. Insulation wrap demand would be subject to cyclicality due to its association with residential construction. This isnââ¬â¢t a concern in the short-term given anticipated economic growth in the US and abroad, but could face sharp decline should that not prove to be the case. Darrow LPC has a young and capable management team and experienced executives in Dillon and Bennet. Darrow LPC has a unionized workforce. Although labour relations are generally considered good, this suggests a higher cost structure than could be achieved by
Wednesday, February 19, 2020
Strabucks Case Essay Example | Topics and Well Written Essays - 2500 words
Strabucks Case - Essay Example Simply, there are no unimportant customers. However, before drawing any recommendations, a careful analysis of the situation should be made. Especially I would like to focus on the three key points in the whole story. First, final costs of settling the issue with the dissatisfied customer, who went on anti-Starbucks ad campaign, are much greater than the initial costs of satisfying the client, who returned his defective cappuccino maker. Second, during the investigation of the case by Starbucks the customer was disturbed so many times, that his dissatisfaction had grown greatly, almost turning into aggression. He had to tell his story to every manager he talked to, and had to face several weak attempts of compromising before his demands were satisfied. Third, problems with Starbucks coffee makers did truly happen. It can be concluded from a wave of phone calls on the phone line established by the furious customer. "Upon the first advertisement's appearance, Dorosin received a "ton of calls." He said he had received thousands of calls, from customers, competitors and employees who felt Starbucks misrepresented themselves to the public." (Barr et al 1998) Therefore, Starbucks did perform badly. In fact the customer was so upset, that this issue has overgrown the simple financial compensation. What he though Starbucks should do is to apologize. The point is in moral compensation, not just financial. This fact is supported by $20,000 spent by client on the case: "He set up a toll-free line with six telephones installed in his small scuba shop and hired extra employees to answer the calls. In one year he received about 6,000 responses. His total estimated outlay: $20,000." (Kalis and Leaf 1999) The media attention to the situation made the position of Starbucks even more complicated. Now let us turn to Starbucks profile and background. The company has been developing rapidly since 1988, offering various coffee drinks and beverages, operating through its own stores. The company's competitive advantage was based on three whales: highly differentiated offers, suitable position of its stores, and a great attention paid to customers. "Customer service was a key ingredient to Starbucks' success. One of the five guiding principles of the company was 'Develop enthusiastically satisfied customers all of the time.'" (Barr et al 1998) It was the reason people preferred the large corporation offering rather expensive beverages to tiny comfortable cafes. In the light of this strategy a weak decision of replacing Dorosin's and his friend's machines with two new ones at a cost of $270 instead of top-of-the-line cappuccino maker priced $2500 and apology looked very bad. From the external viewpoint it looks like, not only the company has failed to deliver its services to customer on the proper level of quality, but also tried to pinch pennies on the compensation. After all, what is one top-of-the-line machine to Starbucks in compare to its brand image Nothing. If given a decent amount of attention from the Starbucks' management the issue would have been resolved without unnecessary noise in the media. The hysteria raised by press was even more uncomfortable, because Starbucks experienced another problem: the company was accused in the elimination of local coffee businesses throughout the country, which could not match to the corporation. "'I like supporting a local business,' says Conrick, a
Tuesday, February 4, 2020
Accountants and Management Accountants Essay Example | Topics and Well Written Essays - 2000 words
Accountants and Management Accountants - Essay Example There is a cost incurred whenever an item is sold. This cost is however, hard to estimate when parts of the inventories were purchased at different prices (Roychowdhury 2004). This calls for adoption of an inventory accounting method so as to assign each item an expense so as to avoid losses. The costing method adopted always does not affect inventory physical flow but affects the value of the inventory. Accounting methods adopted are FIFO, LIFO, and Weighted Average Cost (WAC) among others (Drury 2012). à FIFO (First in First Out) is based on the assumption that the inventories that are bought first are sold first and those bought later are sold later (Roychowdhury 2004). FIFO is commonly used by entities that deal in goods with sh lifespan. These goods need to be sold before their expiry dates so as to avoid losses that may result. FIFO method is common in small business entities. As the Roychowdhury (2004) reports, use of FIFO is advantageous because of its usefulness in cases w here small numbers of transactions are involved and where price of materials is falling. Customers are likely to buy more products at low prices and hence exhausting the stock. It also helps in sorting out the difficulties associated with bulky goods with unit prices and consequently avoiding loses while maximizing profits. The business may be able to avoid quality deterioration of the stored goods as the goods are sold in the order of their arrival. This makes perishable goods and other goods with short shelf life to be sold before the expiry date. In addition FIFO facilitates the implication of current market price in the value of the closing stock of materials. This makes FIFO be sensitive to the market changes. It is very useful where the prices are falling. This is because the product demand is likely to rise and hence attracting more customers. With FIFO, materials are utilized in the order of their purchase hence making it to be a logical process. This is the most economical procedure of utilization of materials as the cost of their handling is greatly reduced. On the other hand, FIFO is disadvantageous as it is not useful in the situations that involve many inventories bought during same period but at different prices. This is because their flow rate is not the same hence some may expire still in stock. FIFO method cannot be used to achieve the objective of matching current costs with the current revenues. In the events of inflation, FIFO leads to exaggerated profit. Also if the materialââ¬â¢s prices rapidly rise, the production cost may be understated hence causing enormous losses. When consignments are received frequently at varying prices, there is increased possibility of errors if the store ledger clerk does not carefully ascertain the prices to be charged on goods. It can also lead to a confusion in the of charging prices of goods produced at the fluctuating cost of materials as they need different pricing which may interfere with the demand. This is per the Roychowdhury (2004). LIFO (Last-In-First-Out Method) is based on the assumption that the last inventories bought are sold first while those bought first are sold last (Roychowdhury 2004). The materials are valued as per the latest purchase prices. The earliest price of materials is used to value the closing stocks. LIFO is very useful in cases of rising prices as the material is issued at current market price. The application of the LIFO is advantageous as Roychowdhury (2004) points out. It is very beneficial in cases where matching of cost and revenue is required as the goods can be sold at any time but long enough to be appropriately
Subscribe to:
Posts (Atom)