...Four Seasons Response Paper Scott Pearce The Four Seasons' approach to transferring its practices to other cultural contexts is aligned with their overall business strategy. They want to be known as the best of the best in luxury hotel service. What this translates to is not too dissimilar from Starbucks: a customized customer experience. That's not to say there aren't specific expectations and standards. But its how the customer experience is delivered within those standards that tailors the Four Seasons experience depending on where you are. If a firm expects to establish a sustainable business model in foreign nations, the firm best be a cultural chameleon, where the brand doesn't uniquely identify the company or product as one particular nationality. This particular case study calls attention to the Disney model as the antithesis of Four Seasons. While Disney is successful, it is interesting to note that Euro-Disney was a failure and it wasn't until it changed to Disneyland Paris, with a decided turn towards a more French culture, that it finally turned around. Even the comparison to McDonald's is a little tenuous, as the McDonald's experience and brand is known for the clean restaurants and cheap fast food. But, the menu does chance depending on the region and what the culture demands. Eating in a McDonald's in Thailand was very different than eating in McDonald's in Australia, or even Switzerland. By making sure the Paris hotel was a Paris experience, the Four Seasons paid...
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...Chapter Four Case Study Edgar French South Florida State College Chapter Three Case Study 1. In your experience, have you found that decision-making groups tend groupthink? If so, what factors contributed to this tendency? If not what factors helped to prevent it? By and by, I have been included in a few situations in which components of mindless compliance started to happen, however one occasion specifically emerges among the others. I was taking an interest in an undertaking "Clairvia" throughout two weeks, in which participants where gathered in gatherings of 5 and tasked with creating one of a kind critical thinking and investigating procedures for specialized issues. Part of the way through the first day, I saw that a focal "leader" was starting to rise – not on account of the man was especially splendid, but rather in light of the fact that he was louder and more obstinate than the others. As we endeavored to all in all comprehend complex booking profiles, the "leader" affirmed his convictions around a potential arrangement, and quickly, whatever is left of the gathering started to rally behind him. It was as though unique, individual thought had become terminated inside of a matter of 10 minutes, as my colleagues turned out to be progressively baffled by the current workload. By and large, the fundamental persuading component behind the mindless obedience that happened that day, was Mitchell and Eckstein's “High stress from external threats/low hope of a solution...
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...reference that Cisco is not a single serve beverage (http://www.ftc.gov/opa/predawn/F93/cisco.txt). This is a situation where Caveat Emptor is appropriate. Manufacturers often mimic packaging of more popular brands and I am fairly confident that the high dose of caffeine in Four Loko was a sought after characteristic by it consumers. In this case, Four Loko became the whipping post for overzealous parents and politicians, upset because their child was irresponsible. 2. Four Loko had a socially redeeming purpose apparent by the consumer demand. From a libertarian standpoint, individuals collectively coalesce with others who share similar values and interest to form a culture in which they choose their own socially redeeming qualities. Products often become synonymous with communities, a group of people bound by a common interest; therefore, Four Loko had the potential to represent a sub-culture, just as Harley-Davidson exudes the image of roughness for its riders. The redeeming social quality standard should only be applicable in cases where harm is done to someone else. The interference by the government in this case was unwarranted. The free market system elucidated a demand for Four Loko and beverages with high caffeine content have grown exponentially over the past decade. According to Beverage Industry Magazine, “the energy drinks category increased...
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...Team M Team M Four Star Industries Case Study Case Study Anaysis Four Star Industries Case Study Case Study Anaysis Table of Contents Background Current Situation * Market * Production * Manufacturing * Order Process * Inventory Management Issues * Model Proliferation * Inventory and Demand Mismatch * Poor Order Management Analysis * Safety Stock Analysis * Warehouse Rent Analysis * MOQ v/s EOQ * Production /Assembly Line Analysis Recommendations Conclusion Background: Four Star Industries Private Ltd is the manufacturer and wholesaler of the renowned Four Star Pocketed spring mattresses which was founded by Neo Gim Sin in 1966. Its business is aggressively and exclusively focused on servicing the local market and until recently, the company has enjoyed tremendous growth and recognition – becoming a leading manufacturer of pocketed spring mattress (PMS) and winning the Grand Prix for International quality. Four Star sells directly to large dealers (LDs) and small dealers (SDs) who then sell to consumers. Current situation: Market: Mattress models grew rapidly from 13 to 230 models between 1996 and 2002, while sales has been experiencing steady decline within the same period. Decline in mattress sales can be attributed to various factors such as; increased competition, seasonality and volatility of the mattress market, supply and demand mismatch, poor production scheduling and focus on high-end mattresses. Production: ...
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...Four Season Goes to Paris Four Seasons is one of the biggest midsized luxury hotels in the world. Although it is Canadian-based, it currently operates across different continents. Despite the fact that they operate in different parts of the world, they are known for its high standards of quality and providing good experience. Wherever they operate they bring their corporate culture, traditions and standards with them. Sometimes it is difficult to come and implement your corporate culture, because people are different, cultures are different, and lastly laws and regulations are different. Four Seasons faced these problems when trying to launch their hotel in Paris. When entering hotel market in Paris, Four Season faced number of problems both legal and cultural. France had its own laws regarding working hours, hygiene issues, and French people had their own moral, culture, attitude toward work, which differed from North American one. For a building they chose the building of old “George V” hotel. They tried to keep outside façade and change inside a bit. According to French hygiene laws, trash and food had to be carried via different corridors and elevators. Because of that Four Seasons had to create additional ways just for food and trash. “Right to light” law, which stated that each employee must work at least several hours a day by the window. Four Seasons management had to arrange schedules so that, no one was working all day in the basement. ...
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...are given. It is understandable then that we should seek out more opportunities to apply our skills and make more positive impacts within our jurisdictions. It is this general attitude that led us to get involved in investigating cold cases. How We Got Started Mark had, for several years, been consulting with our Coroner’s Division as a forensic anthropologist. During this time he came to learn that there were numerous coroners’ cases in which the identity of the decedent was unknown. These cases were kept in three-ring binders on a shelf in the Sergeant’s office. Over the years, in the course of this forensic work, we would discuss these cases and the progress that was being made on them. The conversation usually ran along the lines of us asking “any luck with that 1980 homicide victim?” and the sergeant answering “well, we’ve gotten so many new cases that I haven’t been able to even look at it yet.” This went on for a few years and through two different sergeants. One day we, as a crime analysis unit, were brainstorming about how we could broaden our “client base”, as it were. We had been successful in integrating ourselves into our Investigations Bureau and had been involved in numerous major cases. And, of course, we had always been active in producing tactical and strategic analyses for our patrol personnel. But we knew that we could be doing more, particularly given the size and responsibilities of our agency. It was during...
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...Two Round Three Round Four Case Solving Product Branding Practical Marketing Idea Branding 1 Brandwitz Organizer: IBACC (IBA) TEAMS ROUND TEAMS ONE ROUND TWO 24 48 24 TEAMS ROUND TEAMS THREE GRAND 4 12 4 12 1 TEAMS TEAMS TEAMS PROCEED TO ROUND PROCEED TO ROUND PROCEED TO GRAND THREE FINALE TWO FINALE TEAM CHAMPION Socio Camp 2 Organizer: NSUSSC (NSU) Team Members Rounds 4 3 Prize Money BDT 75,000 Socio Camp 2 Organizer: NSUSSC (NSU) Round One Round Two Round Three Social Case Awareness Campaign Awareness Campaign Ad Maker 3 Organizer: NSU YES (NSU) Team Members Rounds 3 4 Prize Money BDT 1,00,000 Ad Maker 3 Organizer: NSU YES (NSU) Round One Round Two Round Three Round Four Online Submission TVC & Branding TVC & Branding TVC & Branding Masters of Ideation 4 Organizer: NSU YES (NSU) Team Members Rounds 4 4 Prize Money BDT 1,35,000 Masters of Ideation 4 Organizer: NSU YES (NSU) Round One Round Two Round Three Round Four Case Solving Case Solving Surprise Round Product Branding HSBC IBA Business Case Competition 5 Organizer: IBACC (IBA) Team Members Rounds Prize Money BDT 4 *You’ll represent BD in the international HSBC Business Case Competition 3 1,00,000 ...
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...find that you would like even more time. I recommend that you enter the exam promptly since I will make deductions for those exceeding the 9:00 o'clock end time even if you enter late. Third, know that the legal reasoning essay will come from Module 4 on immunity. The variety of scenarios in that question will force you to think about and explain the nuances between sovereign and personal immunity, between absolute and qualified immunity, about loss of immunity, etc. You will want to understand all four cases from that module well before the exam. I will expect specific citations to the cases and the principles that they enunciate. An additional case that might be useful for you to look at is Canton v. Harris. A second question will address the rulemaking process and the principles underlying it. You should "walk into" the exam (in a virtual sense) with a clear sense of a fully articulated rulemaking process, so that you can pick and choose elements as appropriate in the case you will be presented. The third question will be drawn from the text regarding the Constitutional framework. Finally, remember that "open book" exams can be as challenging as closed book because the "bar" (the expectation) is higher. I think you will find that prior preparation will make a good deal of difference. As stated before, when you open the exam, answer the questions initially in word and copy it back to the exam. That way, you will not lose work, time...
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...ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 609–618 American Accounting Association DOI: 10.2308/iace-50029 A Series of Revenue Recognition Research Cases Using the Codification R. Mark Alford, Teresa M. DiMattia, Nancy T. Hill, and Kevin T. Stevens ABSTRACT: This series of four short cases is designed to help students develop the skills to research the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification and other authoritative literature. It also is designed to help improve students’ ability to analyze and critique the complex issues that often surround the accounting for revenue recognition. The case scenarios describe transactions in which students must decide whether, when, and how much revenue to recognize. The issues analyzed involve bill-and-hold, multiple-element arrangements, gross versus net revenue reporting, and sales incentives. The cases are also designed to improve teamwork and communication skills. The sequence of cases is intended for use in an intermediate accounting class that covers revenue recognition, or in a capstone class that emphasizes critical thinking and research skills. Keywords: revenue; recognition; codification; research. INTRODUCTION evenue recognition is one of the top causes for financial statement restatements (Whitehouse 2010). In addition, revenue recognition is an area commonly questioned by the Securities and Exchange Commission (SEC) staff in their review of public filings and resultant comment...
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...FACTS: Classrooms are currently industries target place to market; perhaps, the industries have taken over the classrooms from kindergarten through element schools in which the children are addicted to those materials they have been seeing from their early ages. How does this happen? Most companies sponsor the education system, textbooks’ authors, cafeteria’s food, school sports, and education channels, which grants them huge opportunity to advertise their products as well as their companies’ names. It so easy for children to learn these companies’ names, such as McDonald, Hi-C, Coca-Cola, Disney World, Cap’n Crunch, or Pri-media from the classroom because that is what they see and view from their education materials, school cafeteria, or televisions. The industries sponsorship could be easily mistaken as ethical or see as a social responsibility fulfillment, but with careful observation, it appears clearly that corporations are seeking more after their business ambitions. Companies are more after advertising their products; thus, they do no longer consider educational usefulness, rather they manipulate the children’s mind as possibly as they could in order to promote their industries. ETHICAL ISSUES: Most industries promote the school system for sake of their products rather than the sake children because it creates easy opportunity to manipulate the children with advertisements. The association they have established with the school system gives them high opportunity...
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...which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1 per wheel a year. Set up cost for a production run of wheels is $45. The firm operates 240 days per year. Determine the following: 1. Optimal run size -2400 2. Minimum total annual cost for carrying and set-up ….$1,800 3. Cycle time for the optimal run size……12days 4. Run time…….3days 2. The maintenance department of a large hospital uses about 816 cases of liquid cleanser annually. Ordering costs are $12, carrying costs are $4 per case a year, and the new price schedule indicates that orders of less than 50 cases will cost $20 per case, 50 to 79 cases will cost $18 per case, 80 to 99 cases will cost $17 per case, and large orders (100+) will cost $16 per case. Determine the optimal order quantity and the total cost. (please note there was an error in the question) Optimal order quantity…….100. TC =$13,354 (3) Open Campus one of the UWI’s four campuses promotes a wide variety of executive- training courses for firms in the Mobay area. The Director believes that individually typed letters add a personal touch to marketing. To prepare letters for mailing, she conducts a time study of her secretaries. On the basis of the observations shown in the following table, she wishes to develop a time standard for the whole job. The campus uses a total allowance factor of 12%. The Director decides to delete all unusual observations from the...
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...and to start the cutting process, are usually requested by the CAM systems as input information. These data are usually strongly influenced by the consolidated experience of the operators, by the specific previous similar machining cases and by several other factors depending on the machining practices. In a project, financed by the Swiss national organization for the industrial research, the authors have developed an expert system (ES) in order to get this information through software processes. The paper shows the structure of this expert system. The ES has been realized through the definition of ontology of components and elements of the machining. The ES includes a very large data base of cutting parameters, and is based on the establishment of rules for the competition between the machining strategies. The ES includes learning methods which are able to identify similar operations. The learning methods are based on the measure of the distance between the actual machining conditions and those already experimented. Therefore the system is able to learn from similar cases. The system has been designed especially for an application in the field of the watch industry which requests a very large spectrum of machining operations and includes also the cases of the HSC. The new expert...
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...(For Course participants only) Reading Material & Work Book On Effective Noting & Drafting (Edited by Smt. Jayanthi Sriram, Asst.Director) GOVERNMENT OF INDIA INSTITUTE SECRETARIAT TRAINING & MANAGEMENT DEPARTMENT OF PERSONNEL & TRAINING ADMINISTRATIVE BLOCK, JNU CAMPUS (OLD) OLOF PALMS MARG, NEW DELHI-110067 TEL. 26105592 TELEFAX: 26104183 Revised - 2005 FORWARD In responsive administration it is obvious that the response has to be meaningful. Yet, it may not be effective unless the response time is optimised. This twin objective can be achieved through streamlining of the decision making process itself. In the Central Secretariat, as in other spheres of Government, contribution by all rungs of employees particularly by those at the cutting edge level, namely the Section Officers and Assistants, generally helps arriving at the right decision. Besides collection of information, such contributions are rendered through Noting & Drafting. Effective noting & drafting at every level, therefore, is a matter of prime concern. 2. To address this concern, we in ISTM have been according utmost importance to the inclusion of 'noting and drafting' as a subject in all our foundational and refresher Courses. Besides, focussed workshops on effective noting & drafting are also organised in large numbers. To help participants team effectively, the need for practical exercises cannot be overemphasised. Similarly,...
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...With these developments, it is obvious that conflicts between parties of different nationalities occur and liability to tax on income of foreigners especially among those engaging in trading venture. Whilst the laws affecting domicile and residence may be sufficiently settled, it is paramount for courts to pursue a detailed analysis to ascertain specific preliminary issues so as to avoid controversial rulings. Courts often handle numerous financial cases that involve what can be best described as foreign or international elements. In such cases, court must decide whether it has the jurisdiction under the Family Law Act 1975 to make a decision on such cases. In the event that it is determined that the court is invested with the jurisdiction to determine the case, the court has to consider whether there is a system of law in foreign country that also has the jurisdiction to handle the case. As it was addressed in the case Attorney General of New Zealand v Ortiz [1984] AC 1, these benefits and costs to either party if the case resolution is made in foreign country as compared with the apparent country should also be a subject of concern. [1] Legal systems in most countries around the world adopt community property regime, which takes effect at the inception of marriage or at the time of divorce. For instance, California and Massachusetts in the United States have adopted community property regimes that support equal division of assets upon divorce. However, this provision...
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...Adapted from Bernhardt & Kinnear (1988). Cases in marketing management, pp. 6-16. Plano, TX: Business Publications, Inc. Pay careful attention to the following points. They are often used by instructors to evaluate either a written or oral analysis. 1. Be complete. Each area of the situation analysis must be discussed, problems and opportunities identified, alternative presented and evaluated using the situation analysis and relevant financial analysis, and a decision must be made. An analysis that omits part of the situation analysis or only recognizes one alternative is not a good analysis. Second, each area must be covered in-depth and within insight. 2. Avoid rehashing case facts. Every case has a lot of factual information. A good analysis uses facts that are relevant to the situation at hand to make summary points of analysis. A poor analysis just restates or rehashes theses facts without making relevant summary comments. 3. Make reasonable assumptions. Every case is incomplete in terms of some piece of information that you would like to have. A good case analysis must make realistic assumptions to fill in the gaps of information in the case. For example, the case may not describe the purchase decision process for the product of interest. A poor analysis would either omit mentioning this or just state that no information is available. A good analysis would attempt to present this purchase decision process by classifying the product and drawing upon real life...
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