...Macarena Seisdedos W208043946 6162-86312-BMGT-1327 Undercover Boss: 1800-I-GOT-JUNK In this assignment once again, we had to analyze a video from the television show Undercover Boss. In which a person who has a high management position at a major Canadian business, decides to become undercover as an entry-level employee to discover the faults in his company. In this episode the founder and CEO Brian Scudamore of one of the largest junk removal companies goes undercover. It is a franchised residential and commercial junk removal company operating in the United States, Canada, and Australia. Brian wants to know if he had lost touch with the empire he created and found out what can he do to make things better to grow more quickly. He mentioned that his company is all about the growth. In North America alone there are 177 franchises and nowadays there is a lot of competition. The first day undercover Brian decided to explore his new business: 1888-WOW-1 Day! It’s a painting company that assures one day completion and high quality work. Brian expected to revolutionize the paint business like 1800-I-GOT-JUNK did for garbage. During this experience he met Darryl, the general manager. They went to a property and Darryl put Brian to prepare the walls before the painting began. There Brian had the opportunity to talk to the manager and realized he is a very optimistic man with good work ethics and attention to detail. Moreover, Darryl mentioned seeing opportunity...
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...UNITED STATES FEDERAL RESERVE SYSTEM ECO/372 AVOIDING INFLATION • Various monetary policies used to Avert inflation • Contractionary Monetary Policy: • The Fed will sells bonds and therefore decrease the money supply. Thereby raising the fed funds rate to decelerate inflation • Higher interest rates during signs of inflation to contain money growth • Monitor unemployment rates: • high unemployment, inflation will be low *(Colander, 2012) MONETARY POLICY TO CONTROL MONEY SUPPLY • By controlling the reserve rate, the Fed can influence the amount of money in an economy • Expansionary policy • Goal is to decease reserve rate so that the money supply increases. If there is more money in the economy then an increase in investments and output will result. • Contractionary policy • To decrease the money supply, the Federal Reserve System will higher the required reserve rate. Thus, discouraging added spending and investments. *(Colander, 2012) STIMULUS AND MONEY SUPPLY • Money Supply • The money supply is determined by the monetary base and to some extent by the amount of credit banks are willing to extend. • Monetary Base • Vault cash, deposits in the Fed, currency in circulation • Stimulus Program • Fiscal and monetary policy implemented by the government to motivate growth in a slowing economy STIMULUS AND MONEY SUPPLY • A stimulus program injects money into the economy by decreasing taxes, lowering interest rates, and increasing government...
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...Characteristics of a Good Boss as Opposed to a Bad Boss Stacy Giroux COM/155 February 13, 2014 Anne Cox The Characteristics of a Good Boss as Opposed to a Bad Boss In the property preservation field, having the characteristics of a good boss as opposed to a bad boss is very important to the success of the business. Property preservation is a tough field to be in for several reasons. First, the competition is high because, in this economy, there is a high demand for vendors to clean up the foreclosed properties for the banks. Second, there is a fine line between quality and quantity. This is because there are so many foreclosures that the need to get them done quickly is great, but the need to pay attention to detail is of equal value as these properties need to be in tip top condition and ready to hit the market within five days from the day a preservation company receives the first work order. Quality and quantity do not stop there. Once the house is on the market then the property preservation company is to maintain the yard weekly and the interior monthly. The maintenance list can grow very quickly, again making the line between quality and quantity a very fine line. Third, property preservation companies rely on their crews to do a majority of the work. If the crews are trained and their quality of work is up to standard, then everyone makes money, if not it can break a business. In the property preservation field, a good boss handles employee challenges...
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...Business Structure Determines Business Performance The purpose of this competitive analysis is to elaborate the theme “different business structure will generate distinct business performance” by comparing the two well-known luxury product companies Louis Vuitton Moet Hennessy and Hugo Boss from variety of aspects. LVMH is a luxury product company which is created in 1971 by the merge of Louis Vuitton fashion house and Moet Hennesy. The headquarter is located in Paris, France. Currently, the sharp rise in sales placed LVMH on the leading position in the luxury product industry among their main competitors such as Christian Dior, Prada, Gucci and Fendi. The major business LVMH is involved in is divided into five divisions: Fashion and Leather Goods, Wines and Spirits, Selective Retailing, Perfumes and Cosmetics Watches & Jewelry based on the share of total profit over the first three quarters in 2012 in descending order. Hugo Boss is a leading German-based luxury product company in luxury industry created in 1924, which is headquartered in Metzingen. The rapid rise on sales in 2011 ensured Hugo Boss staying ahead of the market and their main competitors. The company runs their business through five main brands: Boss Black, Boss Green, Boss Selection, Boss Orange and Hugo Red. Hugo Boss emphasizes exclusively on retailing menswear business formal and casual, luxurious accessories, sportswear relative to their five brands. The two companies embrace the similar nature of...
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...Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resources: SkillSoft (2012). CompTIA Network+ 2012: Network Security Part 3. Complete the Security Solutions Model module in Skillport. Attach a copy (screen shot) of the final test page to your assignment below. Scenario: Your boss wants to know how to detect an intrusion into or an attack on the ecommerce network. Your boss also wants to know what hardware or software should be procured for intrusion detection. Write a 2- to 3-page business report describing the hardware and/or software you believe should be considered for implementation. Include your reasoning for why the described hardware and/or software should be procured and implemented. Address the following questions raised by your boss: Does a properly installed and maintained firewall provide adequate defense against intrusion? What is an IPS and do we need one in an ecommerce network? Do we need a group of network personnel to monitor the ecommerce network for intrusions 24/7? Will any of this hardware or software facilitate a real-time response to an intrusion? Format your business report consistent with APA guidelines. NTC 411 Week 5 Individual Security Solutions Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/ntc-411-week-5-individual-security-solutions/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) ...
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...The Characteristics of a Good Boss vs. a Bad Boss According to a U.S. survey, 49% of employees want to fire their boss if they could (GALLUP Management Journal). In every state, there’s a hierarchy of management that keeps the operation running smoothly. A Florida State University did a study in 2007 and according to this study, 40% of workers think they work for an unsuccessful boss (management-issues.com). A large part of having a positive experience at work could depend on whether you have a good, successful boss (journalreview.com). Working as a boss is not easy, and a good boss is even more difficult because there are so many qualities that a boss must have to run a successful business. Leadership and management skills, personality, and a good work ethic are characteristics that a person must have to be a successful boss. A good boss will make their employee’s feel calm, appreciated, and inspired, whereas a bad boss will make you feel uneasy and resentful. A good boss must have leadership skills. A good leader must have the strength to work toward their vision, as well as to direct their actions, and the team’s actions toward the goal. A leader has a clear, vivid picture of where the team and they need to go, as well as a firm hold on what success looks like and how it needs to be achieved. Leaders are able to train others and be honest when an employee is not performing at their best. Leaders lead employees in a way that their talents and skills are utilized...
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...Part A (1286 words) Ethical Dilemma of chosen company Business ethics are about the moral principles that guide the way a business behaves. (Cohen, 2008)They are also the same set of principles that determine an individual’s actions in which that also apply to business. In order to act in an ethical way involves differentiating between “right” and “wrong” and then making the “correct” choice. (Gruble, 2011) The author will be talking about the dilemma he have encounter while working for his last company (ABC Company) which was in the wholesale and retail of foodstuffs business. The author will be talking about the ethical dilemma which he encounters and also supporting it with theory and examples for this essay. The author has been working in ABC Company for about 10 years and has held numerous positions throughout the organization. Throughout the years in the company, the author notice that the company he is working may not be operating in an ethical manner. Firstly, in ABC Company, being a company dealing in the wholesale and retail business, it is usually very busy with plenty of deliveries every day. There was one day when the company was short of driver and also being the only person left with a driving license, the boss told the author to drive the class 4 lorry. However, the author only have a class 3 driving license, despite this, the boss just say nevermind, and told the author to drive due to the urgent delivery. Under the situational ethics (McHugh, 2006), what...
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...A good boss, handsome salary or career growth? The term ‘boss’ has, of late, evoked more negative than positive images among the denizens of the corporate world. The statement “employees leave bosses and not organizations” has become ad nauseum now. The term “a good boss” is in danger of becoming an oxymoron. So, how do we define a good boss? What is more important for corporate professionals? A good boss, a handsome salary or career growth ? This is indeed a difficult question to answer. An ideal situation would be to have all three. But then it will be too much to ask, isn’t it ? The world that we are living in is full of imperfections. The key challenge for all of us is to achieve success despite all these constraints . No one can claim to be perfect in this world. The extent of perfection can only be relative – there can never be any absolute definition of perfection. Every leader has his inadequacies and shortcomings. Sometimes, the battle in the mind of a leader is to seek an ideal balance between adopting a employee-friendly approach and a business-friendly approach. He faces the challenge of straddling between both worlds. The sad part is that though these two aspects have become mutually exclusive – in reality, it need not be so. Being accommodative to employees need not signal the end of business performance. If it was so, we would not have had so many modern concepts in the field of human resources today. Flexi timing, a sustained effort to promote work-life...
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...of communication is sharing-providing data, information and insights in an exchange that benefits both us and the people with whom we are communicating. In addition good communication is “effective communication”, when the messages given by the sender is properly understood by the receiver and the receiver will then act in the way the sender expects them to do.“Good communication” in an organization will tell us to succeed in business today. Specially, we need the ability to communicate with people both inside and outside our organization. Whether we are competing to get the job we want or to win the customers our company needs, our success or failure depends to a large degree on our ability to communicate. Good communication improves employee attitudes and performances. For example, when executives succeed to make an effective communication to their employees, they can properly share their decisions, provide information or help their employees completely understand their tasks, subsequently do the right things and achieve the best results at the boss request. Employers want staffs do a work according to their requirement, employers have to make decisions and transfer this information to the staffs. If this process of transferring information is good, the staffs will understand what do employers require and meet the requirement of work. In addition, employers understand their staffs and apply the manner of communication to gain their purpose. In this situation, both employers...
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...Good Boss vs. Bad Boss There are many traits that a boss needs; like communication, respect and mentoring. These traits and others will decide whether you are a good boss or bad. It will depends on how one looks at it, are you an employee or a boss. Bosses will come and go, however the good ones will always stand out from the bad ones. At the same time, ironically, it’s easy to spot both extremes, good and bad. Everyone has a difference of opinion on what makes a good boss. I have worked for several bosses and the good ones outweigh the bad. When treated with respect and understanding an employee feels good about the job they are doing, and the boss. Communication and respect are important keys to any relationship, and the relationship between a boss and an employee is no exception. Because employees are the backbone of any business, a bad employee can negatively impact a business. Good bosses teach, train, and listen to their employees when they make suggestions, as they come from personal experience with customers or with a work situation that they have found that needs attention. Communication is key in a manager and employee relationship, understanding each other is key, questions need to be asked if needed to make sure everyone is on the same page. An employee’s perspective differs from the perspective of a boss, therefore meaningful discussion between both parties can bring positive changes and this will promote on a dialog of both...
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...qualities of a good supervisor (boss)? Use specific details and examples to explain why these qualities are important. A supervisor or boss is a person who knows well how to keep his subordinates happy and in harmony in order to perform the job. So, from my point of view, I believe that a good supervisor must develop the skills such as a good leader, has to be expert in his work field, and have an understandable personality. As follow, It will be explained some of the reasons. To begin with, a supervisor must be a good leader who could bind his assistants in a chain in order to get a decent cooperative environment. Therefore, a great cooperation of both supervisor and workers will lead in running the business smoothly and successfully. Moreover, a boss or a supervisor has to have a good sense of humor which will help his subordinates to feel happy, friendly. For instance, if the boss will be rude and so strict, then the workers won't be able to feel free to work and to discuss all their problems with the boss, and also they may be disrespectful with him/her because of his/her dictatorship. Another important quality of a good supervisor is been an expert in his field. This skill is vital because he/she has to guide other people who are working under him. He should be intelligent and expert enough, in order to make a permanent influence on his assistants. In addition, he has to often make decisions and face several predicaments in the business; and should be wily and clever...
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...Supply Chain Optimization Hugo Boss (A) Table of Contents Introduction & Defining the Problem…………………………………………………………………………… 3 Alternative 1……………………………….....……………………………………………………………………3 Alternative 2…………………………….…………………………………………………………………………3 Alternative 3……………………….………………………………………………………………………… .....4 Sugested Execution Plan………..........…………………………………………………………………................4 Introduction & Defining the Problem Hugo boss, known for it high-end fashion apparel and accessories worldwide, has recognized that in order to keep up with its tough competitors such as Giorgio Armani, Prada and Tommy Hilfiger its needs to put in place an active and efficient supply chain. However, the brand does not want to bargain on its brand’s responsiveness to customer orders by minimizing costs. Hugo Boss, because of the product range offers the matter discussed in the case with distinctive customer requirements, and some of which should be Never out of Stock (NOS). When purchasing fashion clothing, customers do not usually spend time in the purchase decision. Although, Hugo Boss sustains approximately 97% product availability of Never out of Stock throughout the year, it desires to accomplish a 100% as the target market may shift to alternate products or all together change to a competitor in case a product is not in stock. The problem that Hugo Boss now faces is which products have to be put in the optimization stage, bearing in mind the pros and cons for all the products...
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...the steps of the communication model on in Ch. 2 of Business Communication. See Figure 2.1. * Identify one personal or business communication scenario. * Describe each step of that communication using your personal or business scenario. Use detailed paragraphs in the boxes provided. Steps of communication model | Personal or business scenario | 1. Sender has an idea. | Megan, a bartender at a restaurant, was hired to work from 4-9 p.m. Wednesday through Saturday, with an occasional fill in. The schedules are permanent week to week, with an occasional change. Recently, the other bartenders have been calling off or not showing up, leaving her to work until 2 a.m. almost every night. This upsets her, as she is also a full-time teacher. Megan takes a couple days to think of a clear, concise way to explain the situation to her boss. | 2. Sender encodes the idea in a message. | Megan thinks that having a meeting with the other bartenders and her boss for scheduling purposes might solve the inconsistencies. | 3. Sender produces the message in a medium. | Megan chooses to talk to her boss via face-to-face communication on a Monday evening, rather than through an email or phone call, to hopefully better explain how the situation upsets her and her idea to resolve the issues. | 4. Sender transmits message through a channel. | Megan goes into her boss's office and is immediately warmly greeted by her boss. She explains that she is also a full-time teacher...
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...atmosphere less desirable and often a waste of time. Washington, DC venues offer an upscale beauty club environment with the opportunity to enjoy another person's company in sophistication. The people of Washington DC have proved this trend to be highly marketable trend, for example K Street in Washington DC is a strip of lounges on a whole street. Baltimore, however, has not had the opportunity to experience such a venue. The resurgence of "cocktail culture" over the past few years has customers looking for good value, not just good price. They are demanding higher quality ingredients and seeking out interesting, exotic and expertly prepared flavors. These Nightclubs/Lounges should feature unique offerings as a way to attract guests, promote business and differentiate from the other "wine and dine" establishments. 1.2 The Company An upscale lounge and sports bar called “ELITE Lounge” located in Baltimore’s Inner Harbor. ELITE will serve drinks and appetizers and it will provide quality entertainment for men and women aged 21-50 years old. ELITE Lounge will provide upscale quality service, and prices will be comparable. Our revenue will be the result of alcohol sales, food sales, and occasional admission fees. Alcoholic beverages will generate a large portion of daily revenue. Sticking with the unique theme, menu items will be exciting yet relatively affordable and easy to prepare. All menu items will be moderately priced with multiple plate size options. Admission fees...
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...7 Characteristics of a Great Boss The weekend is over and here we are, hello Monday and your boss has already started the morning off on a bad note. You feel like telling your boss “I quit” because her appreciation for anything or anyone does not exist. When was the last time you heard the boss say “great job, thank you for reporting in today, have a great evening; see you tomorrow”? These few simple words make a world of a difference. To hear the words “thank you” can modify your outlook of quitting or wanting to stay. Making that judgment varies on the person you work for. A noble boss is one who provides training and leadership to their personnel; however, some bosses are less efficient in their supervisory methods and procedures. To define boss - one who guides or oversees employees and exercises authority and control. Their responsibilities may include insuring the work is completed; policies and protocols are followed, and offer the crucial training to achieve these duties (Wikipedia, 2015). They have the ability to employ new workers and fire those that do not measure up. How responsibilities are conducted can be the distinction between a virtuous boss and an immoral boss. The personality of whether a boss is measured bad or good is contingent on the perception of the employee. A respectable boss directs his employees by assigning work based on an individual’s strengths. They take time to acquire what skills the employees have and in what way they can best be used...
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