...When a merchant needs financing to buy products, suppliers often rely on the business’s reputation when deciding whether to extend it credit. This is relatively easy to do when the supplier has worked with the same buyers for years, or they have a strong standing in the industry. When the business is half the world away, however, lending can be a riskier proposition. One way to resolve this issue is the use of banker’s acceptances. These are time drafts that a business can order from the bank. The financial institution promises to pay the exporting firm a specific amount on a specific date, at which time it recoups its money by debiting the importer’s account. A banker’s acceptance, or BA, works much like a post-dated check, which is simply an order for a bank to pay a specified party at a later date. The holder may choose to sell the BA for a discounted price on a secondary market, giving investors a relatively safe, short-term investment. BAs are frequently used in international trade because of advantages for both sides. Exporters often feel safer relying on payment from a reputable bank than a business with which it has little if any history. Once the bank verifies, or “accepts”, a time draft, it becomes a primary obligation of that institution. The importer may turn to a banker’s acceptance when it has trouble obtaining other forms of financing, or when a BA is the least expensive option. The advantage of borrowing is that it receives the goods and has the...
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...series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another. In this assignment, you will create a risk management plan. You have a budget of $100,000 and a timeline of six (6) months for the plan. Please refer to Figure A-1, Risk Management Plan Template, from Appendix A of the Hillson and Simon text to create the plan. Write an eight to ten (8-10) pages paper Risk Management Plan Component paper in which you: 1. Prepare the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study. 2. Determine the project size, based on the facts presented in the case study, and provide justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson and Simon text). 3. Select the risk tools and techniques, and complete the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Provide a rationale for the selection. 4. Develop the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined. 5. Define the Probability and Impacts section of the Risk Management Plan and justify the values assigned. 6. Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned. Click Here to Buy this; http://www.coursehomework.com/pro...
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...Running head: British Airways 1 British Airways Swipe Car Debacle Christopher Michael Worthington MGT351 ~ Organizational Innovation and Change Colorado State University ~ Global Campus Dr. Demuth, Ph.D. March 6th, 2015 BRITSH AIRWAYS 2 Introduction The case study, British Airways swipe car debacle, British Airways (BA) introduced an electronic clocking in system that would record employees work start and finish times for their work day. The decision was made by management to introduced swipe card but, lack proper and adequate consultation with the affected staff members (Palmer, Dunford, & Akin, 2009). As a result, the BA staff held a twenty-four hour wildcat strike which caused BA to cancel its services to over 10,000 passengers stranded during the onset of their busy season. The lack of change management is apparent as management did not communicate thoroughly and reassure staff there would not be turn-overs and pay cuts. The changes in perspective, such as organizational development, change management, sense making, from the strikes are key issues to understand. Because all employees who operate the airline’s frontline employees were unintentionally not involved, the organizational plan to increase in efficiency by implementing the time card swipe system, resulted in a disaster, an employee walkout. BRITSH AIRWAYS 3 Changes at British Airways British Airways mission, strategies and goals of management, in regard to a swipe card introduction, was...
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...Unit 1 Business Environment Ana Maria Vid 27th Nov 2015 Unit 1 Business Environment I hereby confirm that this assignment is my own work. I have identified and acknowledged all sources in this assignment and have referenced according to the Harvard referencing system. I have read and understood the Plagiarism and Collusion section provided with the assignment brief and understood consequences of plagiarising. Name: Ana Maria Viorica Vid Registration No: Signature: AV Date: 27th November 2015 Table of content Introduction 4 LO1.1 5-6 LO1.2 7-8 LO1.3 9 LO2.1 10 LO2.2 11-12 LO2.3 12 LO3.1 13 LO3.2 13-14 LO3.3 15 LO4.1 16-17 LO4.2 17-19 LO4.3 19 Conclusion 20 Reference 21 Introduction In this assignment I will do two reports that are mainly related to British Airway and I will discuss about its mission and vision and features strategies that they will implement. Also, I will talk about stakeholders and economic system, monetary policies and fiscal environment. Additionally the report will contain British airway PESTLE and SWOT analysis. Note: This assignment is a resubmission for the following...
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...It’s not immediately obvious looking at these options which bank account Timmy should choose. At first glance, 8.4% compounded yearly seems to be the highest rate, but is it necessarily the best choice? Read on to learn about the mathematical theory to solve this problem, or skip down to see how you can quickly find the answer with your financial calculator. Effective Annual Rate (EAR): Mathematical Background The key to solving this problem is understanding the relationship between the interest rate and rate of compounding. While Timmy is quoted several different interest rates, the rate he will actually earn on his bank account in each case also depends on the number of times per year interest is compounded on each bank account. To answer this question we need to determine and compare the effective annual rate (the interest rate that Timmy actually earns) for each bank account option. Let’s start with a simple example: If you deposit $1000 in a bank account paying 10% interest annually, after one year you would have $1,100 in the bank account [$1000 x (1 + .1)1] assuming no additional deposits or withdrawals. If you deposit $1,000 in a bank account paying 10% interest compounded semiannually, this means you earn 5% every six months (two times per year) on your bank account. After one year, you would have a bank account balance of $1000 x (1 + .05)2 = $1,102.50. Notice that this is $2.50 higher than the bank account with 10% compounded once a year. The...
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...Marketing Audit Essay BA IMK XC 04/01/14 Marketing Audit Essay 2013-‐13-‐12 Gruppe 3 1 Marketing Audit Essay BA IMK XC 04/01/14 1.1 Introduction 1.1 Motivation In 2009 JYSK entered the Chinese market with an objective to open 500 stores within 5 years. However 4 years later the barriers have proven to be too strong and the company is considering giving up the entire expansion plan (Business.dk, 2013) describing the Chinese market as “the most difficult market in the world” (finans.tv2.dk, 2012). Based on this information it is interesting to examine the challenges JYSK faces and evaluate if they should consider giving up the expansion to China altogether. 1.2 Problem Statement How relevant would it be for JYSK to continue their entrance on the Chinese market? 2.1 Which macro and micro factors...
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...Abstract Business strategy is important for organizations to operate, and it significantly impacts on every department of organizations. If the strategy has changed, it will cause many problems. In the process of implementing these changes, there is support or resistance from shareholders. This report focuses on analyzing BA’s strategic changes and dealing with managing these changes. In tradition, HRM is the organizational function that deals with requirement, training, assessment and rewarding of employees, while also managing people and the workplace culture and environment. Now the new role of HRM refers to overcome the challenge form implementing changes of organizational strategies. The case also indicates that the flexible HRM plays a significant role of dealing with the disputes between employees and management. Key words: strategy management, British Airways, change management, labor dispute Implication of strategic change in British Airways 1. Introduction Generally, a company makes strategies based on the changing environment. But if the strategies changes, there are many barriers to conduct. Human resource is performed as the most valuable asset of organizations. How to manage and more efficiently utilize the asset is so significant for organization to operate and develop. Obviously, there are resistance form employees. Therefore, human resource department is responsible for coordination in the organization. Human...
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...Background of Casio Company In April 1946, Casio Company was established by Tadao Kashio. The first major product was the yubiwa pipe. It is a finger ring that would hold a cigarette, allowing the wearer to smoke the cigarette down to its nub while also leaving the wearer's hands free. Because of cigarettes were valuable after World War II, the invention was very successful. In 1949, Kashio and his younger brothers used their profits from the yubiwa pipe to develop their own calculators. During process, Tadao's brother possessed some knowledge of electronics; he set out to make a calculator using solenoids. In1954, a desk-sized calculator was finished. In the 1980s, this company becomes popular with budget electronic instruments and home musical keyboard instruments. The company also became well known for the wide of its wristwatches. It was the earliest manufacturers of quartz watches. It also began selling calculator watches during this time. The watches could display the time in many different time zones, temperature, atmospheric-pressure, and altitude. In 1995, the digital cameras innovations have been made by Casio. It is the first consumer 3 megapixel camera, the first true ultra-compact model, and the first digital camera to incorporate ceramic lens technology. Marketing Environment Marketing environment has classification for 4 types, there are political, social and culture, technologic and demographic. First, the model of BABY-G BA110CA, the price of this watch...
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...Barilla SpA Case B a Exe ecutiv Sum ry ve mmar Pasta is a st P taple food of traditiona Italian cu isine, which was tradit o al h tionally produce by hand. However, today many varieties o pasta are commerc ed y of e cially produc ced and are broadly available in su upermarket across th world. Barilla SpA, an Italian ts he w p world’s larg gest pasta m manufactur rer based company, was at one point in the 1990s the w ng a a aly % e. producin 35% of all the pasta sold in Ita and 22% in Europe The previous Director of Logistics Brando Vit was con T o tali nsidered a visionary a and had prop posed the implementa ation of a Ju ust-In-Time Distribution (JITD) model within e Barilla to help comp o pensate for any unfore r eseen varia ation in prod duct orders The new s. Director of Logistics Giorgio Maggiali too on his pre M ok edecessor’ role and f ’s found it ely ng ment the JIT model. He was fac with gre opposition TD ced eat extreme frustratin to implem from bot internal and externa stakehold th a al ders. Magg iali has to f find a way t subdue the to oppositio to the ne JITD mo on ew odel, if he wants to ov w vercome the challenge of having a e es g complex distribution system, an unbending manufac x a cturing proc cess and unprecedent ted number of SKU’s. My decision is for Bar to go fo M n rilla orward with the implem ment of the JITD mode el, which will reduce unforeseen fluctuation in product demand an reduce p w u nd production costs. Buy-in from both the dis stributors...
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...philosophy that your experience in life will take you further than a degree, the reason why I thought like this is because, I had friends and family around me that had spent years in college to get degrees and came out finding it hard to get jobs. While I was seeing other friends and family gain jobs using experience they had gathered working in their various fields of employment over the years. I have always felt I learn quicker when it’s practical rather than when it’s theoretical, but as Hill (1937) suggests “You are the master of your destiny. You can influence, direct and control your own environment. You can make your life what you want it to be”. So I believe if I dedicate myself to finishing New Beginnings, and go on to begin the BA (Hons) Business Management Course in September there is no reason why I cannot give it my all and get back what I put in. I have worked 7 years in retail which has helped me to build and perfect my customer service skills dealing with face to face customer interaction on a daily basis. When I worked for Topshop in 2008 /2013 i learnt the skill of working within a team to reach goals that would benefit us in the long run and make us look great as a team (Baker, J. 2008). Working in retail helped me build my time management skills, as I had to arrange my day according to my work schedule. Being passionate about music is what helped me constantly develop my...
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...Ronald White: BA 427, Winter 2013: Whole Foods Market case study: As stated in the case study, the Whole Food Market Company’s vision and strategy is to offer "the most flavorful naturally preserved and fresh foods available.” The company intends to market their products in "appealing store environments that make shopping at whole foods interesting and enjoyable." The company's cofounder and CEO, John McKay, believes that the availability of high quality natural and organic foods, supported by education and socially conscious activities will "gradually transform the diet of individuals in a manner that would help them live longer, healthier, more pleasurable lives." (Case study, p.1) The company believes that its dedication to supporting organic farming, with programs such as the Whole Planet Foundation micro-loan program, supporting food banks, sponsoring neighborhood events, and donations to local nonprofit groups will generate the reputation and word of mouth needed to support the further success from a marketing standpoint. The company's image is further supported by its continued listing in the Forbes Best Places to Work list and recognition in health magazines. The vision is encompassed by the company motto “Whole Foods, Whole People, Whole Planet.” These principles are of the utmost importance to the company. By supporting the whole foods industry, healthier people from healthy food, and a healthier planet through green movement in agriculture and operations, this...
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...Lucerne University of Applied Sciences and Arts School of Art & Design BA Design Management, International BACHELOR THESIS SUSTAINABLE PACKAGING Sustainable packaging A comprehensive approach towards sustainable packaging with a focus on primary packaging of food and drinks Lucerne, May 2010 CLAUDIO BECKER | BA DESIGN MANAGEMENT, INTERNATIONAL Lucerne University of Applied Sciences and Arts School of Art & Design BA Design Management, International BACHELOR THESIS SUSTAINABLE PACKAGING DESIGN MANAGEMENT ENABLES COMPANIES TO DEVELOP NEW BUSINESS DIMENSIONS THAT DRIVE A COMPREHENSIVE APPROACH TOWARDS SUSTAINABLE PACKAGING Lucerne, May 2010 Tutor EMETM Daniel Aeschbacher, Tutor and Faculty Member, Design Management, International Claudio Becker Baselstrasse 47, CH - 6003 Luzern Cell-phone: 0041 78 659 59 36 E-mail: info@claudio-becker.ch CLAUDIO BECKER | BA DESIGN MANAGEMENT, INTERNATIONAL TABLE OF CONTENTS Abstract 1. Introduction 2. Reference to design management 3. State of the Art 3.1 The context 3.2 Introduction to packaging 3.2.1 The fundamentals of packaging 3.2.2 The packaging design process 3.3 Sustainable packaging 3.3.1 What is sustainability? 3.3.2 What is sustainable packaging? 3.3.3 Materials 3.3.4 Barriers & drivers 3.4 Practise examples 3.4.1 Company overview 3.4.2 Comparison 4. Analysis / Synthesis 4.1 Insights 4.2 Sustainable packaging criteria 4.3 Recommendations 4.4 Conclusion Bibliography Books Reports...
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...Introduction ABB is a multinational corporation headquartered in Zurich, Switzerland, operating in robotics and mainly in the power and automation technology areas. It ranked 143rd in Forbes Ranking (2010). ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 145,000 employees in June 2012. At a glance Company name : ABB (Asea Brown Boveri Ltd ) Type : publicly- traded limited company Traded as : SIX: ABBN, NYSE: ABB, OMX: ABB, NSE: ABB, BSE: 500002 Industry : Electrical Equipment Founded : 1988 through merger of ASEA (1883) of Sweden and Brown, Boveri & Cie (1891) Headquarters : Zürich, Switzerland Area served : Worldwide Key people : Joe Hogan (CEO), Hubertus von Grünberg (Chairman) Products : Power technology, Industrial automation In the introductory part, here we explain some words about the ABB Company on that time. In 1997 Goran Lindahl took over from Barnevik as CEO of the technology giant and is feeling the demanding market and shareholder pressures. After joining he declared ‘I want to make ABB a company that encourages and demands innovation from all of its employees, and a company that creates the environment in which teamwork and innovation flourish,’ ABB has different priorities...
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...PAPER I. Title: Lining Our Silver Box: A Two Phase Study on the Usage, Attitude and Image of Silver Jewelry II. Background of the Study Sterling silver is a material commonly used in making hand-crafted jewelry. It is a silver-alloy made up of 92.5% silver and 7.5% other metals. Sterling silver jewelry is a popular accessory choice among thrifty shoppers who wish to look stylish and trendy. Buyers of sterling silver jewelry can replicate their favorite accessory trends, look and feel stylishly classy, while only paying a fraction of the cost of genuine silver, gold, or platinum. Silver Box started out in 2006 as a small humble company with a mission to design, execute, and distribute sterling silver jewelry creations of best value to Filipinos all over the country. From its initial launch at a Christmas bazaar, the small business has come far, branching out all around the metro. Despite its initial success and the rising demand for silver, Silver Box’s sales have declined. The company needs to have a clearer vision of what target market it is capable of achieving. In addition, Silver Box currently does not subscribe to any particular marketing strategy. For these reasons, this paper aims to conduct a thorough research on the consumers of sterling silver in order to find the appropriate market segments, brand strategies, and plans of action for Silver Box to reach a higher level of profitability. III. Objectives A. To identify the appropriate target market...
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...Who’d be the first to yield into submission? Not a moment too soon, I had no time to react when his chair slipped from beneath causing him to tumble backward. BOOM. The sound reverberated through the stilled silence, almost as if it kept his humiliation on repeat. I refused to show him a single sign of concern while stifling a chuckle, and I attempted at my best poker face. Before I knew it, I had succumbed to hysterics at his clumsiness. It didn’t take long for him to join in on the light fun, and when he offered me a smile it threw me off course. I felt a slight flutter in the depths of my stomach. It wasn’t the typical relaxed grin men gave time to time. No, it was almost sincere. A peculiar beating roused within my chest. BA-DUMP. I was overcome with anxiety and tried to reassure myself that everything was fine. BA-DUMP. My cheeks had burned with a traitorous heat, and I soon discovered that I could no longer make direct eye contact with him. I soon realized, the butterfly effect has...
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