...Task 5 – Reflections On The Presentation Planning Process Working together as a team develops your personality and confidence. The lesson of time management is learnt as well as the reliance of other people. The work was shared amongst the members of the group making it easier to concentrate and get proper information and data on each topic that had to be covered. Being able to work as a team made the members of the group exchange information and they were able to correct each other and give advice. The group met after class and discussed the topics and then decided who was going to do each aspect of the task. E mails and telephone numbers were exchanged as well as a deadline date set upon which each member of the group would submit their part. The information was then e mailed to one of the members for compilation. Each member of the group presented on their topic during the presentation process. It was very convenient for the members to share their opinions and information through e mail because of where persons in the group lived and where they worked. E mail seemed to be the easiest and fastest means to exchange information. All members of the group worked at the same company but in different positions and different branches thus making our research for information easy, which worked out particularly well. Members of the group were excited and satisfied with the outcome of the assignment. It was discovered while working together...
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...THE BOOTS AND CO LTD PART 2 CLOSING STOCK VALUATION Product 1: THETA 5 Month Receipts Cost Issue FIFO LIFO Jan 300 4.5 1,350 1,350 Feb 200 4.5 150 1,575 1,575 Mar 400 4.5 3,375 3,375 Apr 4.5 250 2,250 2,250 May 400 4.5 100 3,600 3,600 Jun 300 5 5,100 5,100 Jul 150 4,425 4,350 Aug 400 5 6,425 6,350 Sep 300 5 7,925 7,850 Oct 400 6,125 5,850 Nov 400 6 8,525 8,250 Dec 6 250 7,400 6,750 Total 2,700 1,300 Closing stock (FIFO) = £7,400 Closing stock (LIFO) = £6,750 The closing stock value according to AVCO is done below for THETA 5. Average cost of receipt (£) 4.91 Stock Left 1,400 Closing stock valuation (£) 6,870 Product 2: AXIS 34 Month Receipts Cost Issue FIFO LIFO Jan 200 6 1,200 1,200 Feb 400 6 200 2,400 2,400 Mar 300 6 4,200 4,200 Apr 300 6 150 5,100 5,100 May 500 6 8,100 8,100 Jun 500 6 350 9,000 9,000 Jul 6 150 8,100 8,100 Aug 400 7 10,900 10,900 Sep 300 7 300 11,200 10,900 Oct 300 7 200 12,100 11,600 Nov 200 7 300 11,700 10,900 Dec 350 7 14,150 13,350 Total 3,750 1,650 Closing stock value (FIFO) = £14,150 Closing stock value (LIFO) = £13,350 The closing inventory stock according to AVCO is done below for AXIS 34. Average cost of receipt (£) 6.41 Inventory Left 2,100 Closing stock valuation (£) 13,468 As the price of the purchase...
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...- David and Price state that “students today adopted an increasingly consumerist goal for their education” (61)” in a sense that they “perceive themselves primarily as costumers, purchasing a product: a degree” (61) - This raises the question of why students have a consumerist view on education and whether students value the learning process of obtaining a college degree - The study indicates that most students“seek the path of least resistance to obtaining a academic degree.” - This suggest that students may not value the learning process or the end product of knowledge to be of any importance and instead, they are only interested in obtaining a degree though the easiest method by selecting professors based on their easiness rating. - Personally, i find this surprising - what is the purpose of higher education if it presented no challenges? - more importantly, what is the significance of an academic degree if student's take the easier route? - An academic degree is of special value that indicates a student's innate ability - If all students obtain a degree by choosing the easiest path, this will devaluate the significance of an academic degree - And thus, an academic degree will have no meaning - Perhaps student's may need reassess their value on education and realize the importance of the learning process Although obtaining a degree is the primary goal of many students, the learning process is also of equal importance Brinkworth first year experience ...
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...RUNNING HEAD: US Constitution and Slavery Cardinal Stritch University Instructor: Judge David Bastianelli American Government and Politics – ASB 118 DLU 08 0893 May 22, 2012 US Constitution and Slavery The U.S. Constitution established America's national government and fundamental laws, and guaranteed certain basic rights for its citizens. It was signed on September 17, 1787, by delegates to the Constitutional Convention in Philadelphia, by George Washington. Under America's first governing document, the Articles of Confederation, the national government was weak and states operated like independent countries. At the 1787 convention, delegates devised a plan for a stronger federal government with three branches--executive, legislative and judicial along with a system of checks and balances to ensure no single branch would have too much power. The Bill of Rights is 10 amendments guaranteeing basic individual protections such as freedom of speech and religion which became part of the Constitution in 1791. America's first constitution, the Articles of Confederation, was approved in 1781, a time when the nation was a confederation of states that each operated like independent countries. The debate of the constitution focused on contentious issues like the question of state representation in the national legislature and slavery. Slavery The American Civil War approximately 4 million enslaved African Americans lived in the southern region of the United States...
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...Inventory management and Wallmart Upon doing some research and looking into the company Walmart I found some interesting statistics about this company and the volume of buisness they do in a day. The retail store Wal-Mart operates 8,400 stores worldwide, has more than 2 million employees and handles over 200 million customer transactions each year. It’s revenue in 2010 was around $400 billion and is more than the GDP of many entire countries. Rollin Ford, the CIO of Wal-mart admits that the sheer scale of the data is a challenge, and is quotes as saying “we keep a healthy Paranoia.” Wallmart uses an inventory management system called Retail Link. This system enables suppliers to see the exact number of their productse on every shelf of every store at the precise moment. The system also shows the rate of sales by the hour, by the day, or over the past year and more. This helps the suppliers manage their stocks better. This h as helped walmart to change the buisness model of retailing. In some cases it leaves stock management in the hands of its suppliers and doesn’t take ownership of it until the moment its sold. By doing this they are able to lesson inventory risk and reduce cost. This is a highly efectively managed inventory system. This has been an important part of the Wal-mart culture. In order for wallmart to sucessfully manage the buisness and provide the service they do they have to have a reliable inventory system in order to continue to operate...
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...different leaders that we able to make significant changes in diversity within their companies. These changes proved to be the key to success. First we will discuss Louis Gerstner and the changes that he made during his time at IBM, next we will discuss Richard Parsons and the changes that he made during his time with Time Warner, and lastly we will discuss Steve Reinemund and the changes that he made while he was with PespiCo. Now lets discuss at the leadership of Louis Gerstner. Louis Gerstner graduated with a Bachelors Degree from Dartmouth College and then Harvard Business School with a Masters Degree. Later he worked as an executive for RJR Nabisco, McKinsey & Company, and American Express. Gerstner was known for his progressive management practices for civil rights and equal employment before IBM hired him. He was hired as CEO of IBM in 1993. When Gerstner arrived at IBM, he brought three of his personal experiences to assist his efforts in the turnaround of IBM, Davidson (2003). He brought an understanding that companies can not successfully compete in...
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...Musgrave Retail Partners Ireland 2010 Human Resource Management A competitive advantage Jennifer O’ Hagan Table of Contents How can good HRM practice become a source of competitive advantage for organisations in the retail sector? 3 Introduction: 3 Definitions: 3 Main functions of a HRM system: 4 Key functions of a HRM system: 6 Learning and development and performance management: 6 Induction: 6 Staff appraisals/review systems: 7 Hertzberg Two factor theory 8 Motivational factors 8 Hygeine factors 8 HRM eveloution 9 Why is HRM such an important tool in organisations today? 10 References 11 How can good HRM practice become a source of competitive advantage for organisations in the retail sector? Introduction: The purpose of this study is to discuss how good HRM (human resource management) practice can become a source of competitive advantage for organisations in the retail sector. To help me examine this, I will explain what defines HRM and the main functions of a HRM system. I will also examine why it is such an important tool for many organisations today. Definitions: Human Resourse Management has been defined as ‘a strategic approach to managing employment relations between employee and employers, which emphasises that leveraging peoples capabilities is critical to achieving competitive advantage, acheived through a distinctive set of integrated employment practices.’ ‘Strategy denotes an activity that organisations perform...
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...The VW Scandal, A REVIEW OF THE BUISNESS Contents The VW Scandal, A REVIEW OF THE BUISNESS 1 WHY IS THE VW SCANDAL IMPORTANT TO BUISNESS PRACTITIONERS? 2 What is the relevance of this issue to business operations at present and in the future? 3 How might this impact business? 3 Conclusion on effectiveness of the VW group’s handling of the scandal 4 What other discussions in the press, professional circles and in your own practice relevant to the topic/issue selected 5 References 6 Bibliography 7 WHY IS THE VW SCANDAL IMPORTANT TO BUSINESS PRACTITIONERS? The VW Scandal brings to light the issues with organizational structure, moral and ethical issues within large international companies, A BBC News report outlined business structure: “It's still unclear who knew what and when, although VW must have had a chain of management command that approved fitting cheating devices to its engines, so further departures are likely.” (Russell Hotten October 2015). This issue highlights the importance of business structure as with lack of it in a large company can cause people to take irrational possibly immoral decisions. These decisions have the potential to cause major fallout for the company, Reasons for preforming immoral business activities can vary and (Cowan, R. & Rizzo, M.J. 1995). Have looked into when immoral acts can actually be justified if the outcome is for the greater good for ethnical reasons. In the case of VW, they wanted to become the largest car producer...
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...Functional Areas of Business Management 521 04/04/2014 Functional Areas of Buisness If you have no particular destination in mind, then any road will do. However, if you have someplace in particular you want to go, you’ve got to plan the best way to get there. Because organizations exist to achieve some particular purpose, someone must define that purpose and the means for its achievement. Managers are that someone. As managers engage in planning, they set goals, establish strategies for achieving those goals, and develop plans to integrate and coordinate activities.(Robbins, Coulter, Stephen P., Mary. Management. 11th Edition. Page 9) Planning, Organizing, Leading and controlling are the main functions of what a manager should follow according Henri Fayol. I will be elaborating on these functions throughout the context and elaborating on the importance of having that particular purpose and the means for achievement while in a managers role. According to the functions approach, managers perform certain activities or functions as they efficiently and effectively coordinate the work of other. Henri Fayol, a French business man, first purposed in the 20th century that all managers perform 5 functions. (REFERENCE) 1. Planning 2.Organizing 3.Commanding 4. Coordinating 5. Controlling Today’s functions have been reduced There are many reasons as to why I have decided to take on business management, and on main reason is to get the chance to work with a wide range...
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...1.The creation of a strategy through the recognition of threats and risks facing a company, with an eye to ensure that personnel and assets are protected and able to function in the event of a disaster. Business continuity planning (BCP) involves defining potential risks, determining how those risks will affect operations, implementing safeguards and procedures designed to mitigate those risks, testing those procedures to ensure that they work, and periodically reviewing the process to make sure that it is up to date. 2.When a business continuity plan is correctly used it can help reduce operational risks. Operational risk is the risk of loss experienced from internal processes as a result of external events. These internal processes could have failed completely or simply been inadequate. This does include calculating the legal risk as well but does not take into account business risk that is based in strategy or reputation. Some examples of operational risk are losses arising because of internal or external frauds, natural disaster, failed transaction processing or inability to meet the commitment of service, and the disruption of business or system failures. 3.There are many different approaches to BCP and DRP. Some companies address these processes separately, whereas others focus on a continuous process that interweaves the plans. The National Institute of Standards and Technology 4.The degree of spread of Ebola in the months ahead is uncertain. In the unlikely...
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...The owner or accountant of the business must keep either a PC document or written copy of all the money going in and out of the business. This must be exactly if one number is wrong or forgotten it means that the whole record is wrong. If a business fails to do this, it can forget to pay bills or even worse they can get problems with HM Revenue and Customs. They can get problems because the tax payments can be wrong. This can lead to fines or a court case. Control The ability to control the business’s accounts is a direct result of the previous purpose. If accurate records of transactions are maintained and closely monitored, then the business can control the balance between money flowing in and out of the business. Management of the buisness A owner or...
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...AMAZON.COM’S E-BUISNESS MODEL CYNTHIA SMITH INSTRUCTORS: BRUCE CHAPMAN &; MIKE O’KEEFE COURSE TITLE: BUS 508: THE BUISNESS ENTERPRISE JULY 27, 2010 Discuss the pros and cons of Amazon’s growth and diversification of business and specialization, and make recommendations about what Amazon could have done differently. Founded in 1994 Amazon.com has become the world’s largest e-retailer with nearly three-times more sales than its closest competitor. Initially beginning as an on-line bookstore, in no time at all the company soon diversified into sales of DVDs, CDs, MP3 down loads, computers software, video games, electronics, apparel, furniture, food and toys. Amazon’s dedication to innovation can certainly be a testament to the company’s continued growth and diversification. Along with the Kindle reading device other innovations that have kept the company highly competitive include: a booming internet hosting business, an Apple I Phone App for comparison shopping, video streaming for Amazon Prime members and a Google Android App store. Last March Amazon.com launched Cloud Drive which allows users to store music and other multimedia files that are easily accessible from their desktop or smart phone (Amazon.com website2011). Another significant advantage is the infrastructure which Amazon built in terms of its facilities along with its internet platform. The customer experience on the web-site is a simple and pleasant one, shipments are very fast which...
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...and the environmental opportunities and threats facing that firm. SWOT analysis is a widely used techniques through which mangers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firms internal resources ( strengths and weakness) and its external situation ( opportunities and threats) a good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy. XEROX CORPORATION XEROX CORPORATION is a supplier of photocopier’s, printers, and other document systems. It also offers document management services and customized solutions. The company provides one of the document industry’s broadest portfolio of offerings. Digital systems include: colour as well as black- and - white printing and publishing systems, digital presses and book factories. Multifunctional devices, laser and solid ink network printers, copiers and fax machines. Xerox also offers associated software, support and supplies such as toner, paper and ink. The company primarily operates in the U.S. It is headquartered in Stamford. Connecticut and employs about 54,000 people. XEROX CORPORATION STRENGHT’S, WEAKNESSES, OPPURTUNITIES AND THREATS (SWOT) LOCATION OF FACTOR INTERNAL STRENGHTS: ( favourable factor) 1. STRONG BRAND IMAGE 2. STRONG R & D CAPABILITY...
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...Ethical Issues in Management Discipline is very important when it comes to the workplace. In order for a company to run properly, they must establish guidelines that all employees are required to follow. The company should also incorporate reprimands for when employee fails to act out a certain guideline. If a manager allow certain employees to break rules this causes tension in the workplace because this makes other employees feel inferior. It also allows the employees who are breaking the rules feel like they can do whatever they want. This paper will address the moral and ethical issues faced by managers, how the relationship between social issues and ethically responsible management practices relate to discipline, a workplace example of an ethical dilemma related to discipline, what legal aspects did management faced during this dilemma, and what legalities governed or should have governed the decision. Managers utilize moral expressions in their lingo for a lot of different reasons. In some situations the manager uses moral for opposing reasons. Managers use moral to talk to make issues clear and easy to understand. They also use it to incorporate norms that are relevant to society. Managers are faced by moral and ethical issues every day. In order for managers to enforce these two issues properly they must come up with ways to fairly handle or address the situation. There are several ways that morals and ethics are related to discipline. A manager...
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...in this assighnment i will talking about different types of market structers including monoply,oligoply,monopolistic and perfect compotition and how they have a direct relationship with pricing and output decisions the other subjects i will talk about and demonstrate examples are culture and its meaning and how it effects market desicions ,internatinal trade and the importence of it to buisneses i will talk about political ,economical social technecoligcal also known as pest for short i will talk about the europeon union and the impact it does on uk and its buisnesses. market structures are: the number of agents in the market, both sellers and buyers; their relative negotiation strength, in terms of ability to set prices; the degree of concentration among them; the degree of differentiation and uniqueness of products; and the ease, or not, of entering and exiting the market. the common market structers are Monopoly: are Companies which are goverment owned or when a single company or group owns all or most of all the market for a given product or service.entry for other players are not allowed or have very high barriers. example in the us for microsoft is a monoply becuase it owns all or most of the software market and has a high barrier to gain entry into the market. Oligopoly:the Uk and other countries the people buy their food from different franchises for example mcdonalds,kfc,pizza hut and nandos etc. in this structure the buyers are many, sellers are few, and competition...
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