...Chapter 2 Global E-Business: How Businesses Use Information Systems Case 2: IT and Geo-Mapping Help a Small Business Succeed Tags: Entrepreneurship; Sales Strategy Management; Sales Tea Collection; Small business IT; geo-mapping technology; Summary: Emily Meyer and Leigh Rawdon started The Tea Collection, a children’s clothing wholesaler business in 2002. Their first product line consisted of three baby sweaters and a single shop. Today The Tea Collection has expanded to over 300 department and boutique stores and now includes women’s clothing. Information technologies played a critical role in their success from design, to production, customer targeting and marketing. L=4:57 URL: http://www.youtube.com/watch?v=3_GmukX5sfM Case IT is not just for huge, multi-national companies. Small business entrepreneurs use a variety of information technologies to do all the things much larger firms do, but on a much smaller budget. IT allows small firms to act and look like much larger firms, amplifying the power of entrepreneurs, and creating the conditions for sustained and rapid growth. The Tea Collection (teacollection.com) exemplifies how entrepreneurs can use inexpensive but powerful information technologies to create a successful business. The Tea Collection was founded by Emily Meyer and Leigh Rawdon in 2002 in San Francisco with just three pima cotton baby sweaters and a vision of bringing the fusion of worldwide cultures and modern design to fashion. Emily Meyer grew up in Texas...
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...CHAPTER 28 Wage Determination Topic Question numbers ___________________________________________________________________________________________________ 1. Real and nominal wage rates; trends 1-11 2. Purely competitive labor markets 12-46 3. Monopsony and imperfectly competitive labor markets 47-85 4. Union models and licensure 86-122 5. Minimum wage 123-130 6. Wage differentials; human capital 131-148 7. Pay and performance 149-162 Consider This 163-164 Last Word 165-167 True-False 168-184 ___________________________________________________________________________________________________ Multiple Choice Questions Real and nominal wage rates; trends Type: F Topic: 1 E: 523 MI: 279 1. Real wages in the United States in the long run: A) show no discernible relationship to output per worker. B) have increased at about the same rate as increases in output per worker. C) have increased slower than increases in output per worker. D) have increased faster than increases in output per worker. Answer: B Type: F Topic: 1 E: 523 MI: 279 2. The long-run trend of real wages: A) cannot be determined from available data on nominal wages and the price level. B) has been downward because the price level has risen faster than nominal wages. C) has been upward. D) has been downward because labor's share of the domestic income has fallen. Answer: C Type: A Topic: 1 E: 521-522...
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...The Tea Collection began in 2002 as a children's clothing wholesaling company. The masterminds behind the business, Emily Meyer and Leigh Rawdon, each bring a different quality/strength to the business. Emily the designer and Leigh the entrepreneur both understand the importance of IT in their company and continue to utilize new software to help their business grow. Nearly ten years later, the business is going strong with their leadership, ranked on the Inc Magazine list of fastest growing private companies five years in a row (Laudon, 2014). One of the technologies The Tea Collection's sales team is using is Geo-Mapping Software. The program they use allows their team to identify and target new prospects. They are able to easily find regions that are not already over saturated with similar wholesalers. The software is equipped with color coding capabilities that allow the sales team to label different types of opportunities as well as where competitors and their current stores are located. Even with all of these great technologies issues do sometimes arise. Leigh shared, "The biggest challenges with technologies is integration. So that you have multiple systems and when they don't integrate automatically then your depending on people to make those connections and that can take a lot of time" (BNET Video, 2009). It is not only important to have systems integrated but also departments. Many times there is different terminology, acronyms and processing within one...
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...Prepare a business plan It is essential to have a realistic, working business plan when you're starting up a business. A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring success within your business. * The audience for your business plan Many people think of a business plan as a document used to secure external funding. This is important because potential investors, including banks, may invest in your idea, work with you or lend you money as a result of the strength of your plan. There are many other benefits to creating and managing a realistic business plan - even if you just use it in-house. It can: * help you spot potential pitfalls before they happen * structure the financial side of your business efficiently * focus your development efforts * work as a measure of your success The following people or institutions may request to see your business plan at some stage: * banks * external investors - whether this is a friend, a venture capitalist firm or a business angel * grant providers * anyone interested in buying your business * potential partners You should also bear in mind that a business plan is a living document that will need updating and changing as your business grows. Regardless of whether you intend to use your plan internally, or as a document for external people...
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...Salvation Army is an organization created by an evangelist from England named William Booth in 1852. He preached to the poor, hungry, homeless and destitute. William had the capability to convert people such as prostitutes and gamblers from non believers to believers. In 1872 he had about 1000 volunteers, and by 1885 numbers grew to 250,000 followers under the same Christian mission. The Army’s mission statement is to help people from bad habits and achieve their goals in life. The Salvation Army is a wonderful organization that can help a struggling person physically, mentally and spiritually. I have donated clothes before to the Salvation Army and Goodwill, but unfortunately never took time to devote a full day as a volunteer. I’m looking forward to serving their religious army in the future. The Salvation Army can benefit me in a couple of ways, personally I love networking with positive and influential people, taking in consideration that in life it’s not always what a person knows but also who they know! In a business aspect this organization can help me with more communication abilities, also give me the knowledge of the organization that can be passed down to someone with interest or in need of guidance. A career can also be made with the Salvation Army, Considering that I served in the United...
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...big global company who make a wide range of products for a wide variety of sports such as; football boots, tennis apparel, golf clothing and shoes, running shoes and clothes whilst Aldersley leisure village provides the facility to do those sports so I hope for Adidas to turn and sponsor the leisure village so that it can provide essential equipment so that more young people and older people can get the sport they need and exercise so that they can stay healthy and create a more positive atmosphere. The purpose of Aldersley Leisure Village is to provide sporting facilities to the local community to help keep people fit and entertained in a safe and healthy way where you can meet new people and make a closer community. They will be providing specialist equipment to suit the sports they do at that organization, they are doing this to help build a tighter community with the help of Adidas to sponsor them. The scale of Aldersley Leisure Village isn’t big as it is only a local company who are funded by the government and only offer to the local community, also they would only have one owner, known as a sole trader or a few partners known as a partnership which is common in small scale tertiary company. The purpose of...
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...In the current competitive world, its only who is fit survives i.e. person who work will complete dedication and with immense concentration is almost certain to achieve his or her desired target. Now question arises what’s the motivation behind being workaholics? People who are in business or in service or even government employees have some or the other motivation to work. Business houses wants to work in order to achieve better sales and net profit compared to the last years, with the help of various planning and implementing the same. Person in service works to achieve sales target or the weekly or monthly reports targets in order to get better variables and incentives. Government employee work to help in the development of economy, by making various committees for infrastructure development, social development etc. In the current economic situation companies survives only if it has right entrepreneur. Entrepreneur makes the plans by his innovative thinking and plan is executed with the help of his or her employees. Employees in return get incentive along with fixed salary and entrepreneur gets better profit. One thing in common in all of them is vision, thus they become workaholic to achieve that piece of success which they ever dreamt off. More the person works, more he is near to achieve his or her target. Targets can either be net profit for businessman, sales target or monthly reports target of service man or development of economy and society for politician or government...
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...can give an recommendation to the interviewers about him before he has an interview. Linda can also tell Bill to study and research the company so he is prepared. Case #2 Question #1. The ethical issue in the this scenario is that Violet could easily take a computer for her son and only send 11 computers to the elementary school. These transactions are not kept on record so Violet would be able to do it without anyone noticing, provided the school doesn't know how many computers they should be receiving. Question #2. Instead of Violet jeopardizing her job she could go to her son and explain the situation. Let him know that getting a computer for him is very hard on her own and ask he if could pitch in to help. If her son got a job and used some of his pay to help out it would be easier for Violet to buy a computer. Also, Violet does not have to a buy a brand new computer. There are many ways for her buy a used computer and her son could use that until they can afford a better one in the future. Case #3 Question #1. The ethical issue in this scenario is that David is using his company computer to send personal e-mails which is against company policy. Even though David is not falling behind on work these kinds of e-mails are not permitted and he could get in trouble if he is caught. A lot...
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...and why it would be worth your time and resources. Find two concepts in your text that relate to the change/improvement you envision and use those within your answer. Highlight your terms/concepts with bold or highlighter. Your answer must be at least 250 words. I was born and raised in Milwaukee, Wisconsin. My family still lives there I just decided to move away from home for a couple years but will be returning next spring. Unfortunately in Milwaukee the crime rate and poverty has increased over the years. Every morning once you turn the television on the news is talking about the three murders the evening before. With the increase of crime I would like to see more organizations and people within the community coming together to help focus on those who are less fortunate. I believe this would lower crime rates and homelessness significantly. I care about Milwaukee very much, I was raised here and I hate to overhear other conversations amongst people how scary Milwaukee is, because I just don’t see it that way. In addition I am well aware of the potential Milwaukee has; events like Summerfest and Wisconsin State fair bring outsiders into the city representing Milwaukee. I would like to see more organizations like Hope’s Chest where individuals are coming together to sort out donated items to be resold at very affordable prices. If the people of Milwaukee who are struggling are able to purchase what they need at very low prices there would be no need for crime and people...
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...Sherman Computer Repair New Direction Kevin O'Brien MMPBL/550 October 29, 2011 Lois Whittaker Sherman Computer Repair New Direction When it comes to making changes to a business there are risks that need to be taken. Some of those risks will affect the stakeholders. More and more companies are going through changes to help move them in the right direction. As companies are going through these types of changes to help move the organization forward they are trying to be proactive to ensure they are staying ahead of the competitions. Companies that are not participating in change are slower to react and could leave the business setup for failure. As for the organization, Sherman Computer Repair, there is a need to plan for a new direction. When planning for the new direction there should be steps to ensure the plan is working the way it has been set out to do. When an organization is going through an organizational design change there will be some barriers. During that process there will need to be an evaluation of the organizations external environment of their strengths and their weaknesses. This evaluation will help the company get an assessment of Sherman Computer Repair current skills sets and talent level that will need to be changed to help the company move forward. Sherman Computer Repair Organizational Design The current state of Sherman Computer Repair is that the company has three locations in where their customer can bring their computer hardware in...
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...Being a leader is not limited to holding a high position in a team and being a leader does not only mean you have to be under certain organization with millions of followers rather one can still be a leader outside the perimeter of ones work area and one can even be a leader in ones own community. Success is always achieved together as a team but a team always needs a leader. Leadership is an ability and a talent that not everyone possesses and one has to be fair and righteous to be considered a good and effective leader. A true leader sets examples for his followers to follow. He does not tell his followers how to do things but tells them what to do and let them do it with the best of their ability. Leadership is an individual influencing a group to reach a certain goal. I discovered my ability to lead others when I was in my finance class. Being an accounting student, I am required to have some knowledge of finance. Before the semester started I heard from my senior friends that it’s a very hard class. Even after working hard students end up with ‘B’ grade. Still I took the class and after working hard I end up with “A” grade . I realized after studying the material first then student have a idea what to study and what not, so student end up doing bad because when they study the material for the first time they don’t give their full attention. So after the first test most of the students drop the class. One day in the class I asked one of my classmates if she interested...
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...there aren’t these types of products available there then sales would be at an all time high. Another great thing about opening Kudler elsewhere would mean expansion since many of the products sold here are exported then they would be available right then and there at no extra cost. The marketing strategy the Kudler use will help focus and prioritize to reach main objectives. The company plan to increase by implementing a preferred customer program for loyal customers. If the market is strong for one country it may be strong at the time for a different country, if you only invest in U.S. markets you are limiting yourself since the U.S. only accounts for 48% of the world stock market capitalization. Acquiring new customers through sales ads, social networking, and word of mouth. This is a good reason why acquiring or purchasing a store elsewhere would be a good approach for Kudler Foods. The selling function will support the expansion of services and reward programs offered to loyal customers and the profitability of old customers and gaining new high-margin customers. The marketing goal is to successfully implement programs that are designed to help increase revenue and decrease costs. The marketing department will support and monitor the new loyalty customer program, focus on customer information to support sales growth of existing customer’s activities to recruit high-profit new...
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...treatment program for men and women adults to help them learn how life without drugs and alcohol. The environment I currently work in is a fast paced environment where anything can happen at any given point. This field consistently makes changes to their policies and licensing requirements. These all vary from the company to the field and insurance company your dealing with at that time. I am currently in school to receive my Bachelor’s Degree in Business Administration to eventually own my own rehab in the near future. Companies I Would Like To Work For I’ve been working in this field long enough to realize that this is my passion not just my job. I have the proper training and certifications to move forward in this field and work for a higher end facility. The staff understands the need for privacy in a supportive environment. This high end facility offers a resort like experience. Each facility offers different amenities but this facilities offers much more for the individual like yoga, hiking, and aquatic therapy. Depending on the level of treatment that you are requesting or in some cases required to take this will determine the level of care and what will be required of you. The second place that I would like to work for is called Reflections Rehab. This treatment center is in San Francisco and tailors to the executive career workers that are still attending their daily life with the help of a sober coach to be by their side to help them make better decisions in life. They...
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...Step 1 Our purpose is to help the homeless in the GTA and Toronto, by providing a food service, and a welcoming and comforting home for those in need of help. * We will be providing a food service that provides a breakfast and dinner, from a complimentary chef. Breakfast will consist of a cup of coffee, milk, orange juice, eggs, toast and bacon. Dinner may vary on particular days: spaghetti with meatballs, vegetarian or meat lasagna, or rice and stew. Dinner will also come with a complementary soda or water and a bun. * We will also be providing a homing service which includes several beds (first come, first serve) that will home the people in need whom don’t have a place to stay for the night. We will be providing a bed, with a blanket, pillow. We will be able to home about 50-60 people per night. People staying for the night may also take a shower/wash-up in our complementary shower rooms, and will also be provided clothing and daily necessities such as a toothbrush, tooth paste, razor, deodorant, etc. Step 2 Workers * Volunteers, cooks, supervisor and manager * Willing to help the homeless and needy * Mannerly (respectful, initiative, helpful) * Great communication skills, and right speaking ability to help the customers * Caring and willing to help others Money * $1 million, at least to start off (buy building, furniture, cooking equipment, and supplies) * 4000 a month, from charities or funds that are willing to provide. ...
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...power within them. One can lose this power when thinking in only either/or terms. Businesses can either plan for stability at the expense of change or push hard for change while losing what is valuable in stability. These opposing forces need each other to sustain itself over time (Irvin, 2010). Polarity management helps business leaders identify interdependent forces and plan for both. This can help avoid downsides on either side. By managing polarities well, the inherent tension between them can turn into creative energy. Business leaders can then witness their organization benefit from the comfort that is instilled in stability and still embrace innovative ideas change can bring. When this tension is not balanced correctly, stagnation can develop where stability should have been. On the other hand, chaos will erupt when change was the desire. When business leaders mistake polarities as problems to solve, the tension between the two forces is converted into destructive energy (Irvin, 2010). The Polarity Map: Values – positive results from focusing on this left pole Values – positive results from focusing on this right pole 1. Business goals and deadlines are met 1. Individual goals and deadlines are met 2. Everyone gets a better grades 2. Individual gets a...
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