...finance holds that, provided |http://www.investopedia.com/terms/t/timevalueo| | |money can earn interest, any amount of money is worth more the |fmoney.asp | | |sooner it is received. | | |Efficient market |An efficient market is a market in which all the available |Titman, S., Keown, A., & Martin, J. (2014). | | |information is fully incorporated |getting started principals of finance. | | |into securities prices, and the returns investors will earn on |Finanical Managment, principles and | | |their investments cannot be predicted. |appliations (12 ed., p. 210). New Jersey: | | | |Pentice Hall. | |Primary versus secondary |Primary market, A part of the |Titman, S., Keown, A., & Martin, J. (2014). | |market...
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...January 23, 2012 Introduction Kathy Kudler, the Founder of Kudler Fine Foods, has decided to expand her business by contracting with local growers of organic produce. Kathy has requested that I report what steps need to be taken and what operational changes will be necessary if Kudler decides to pursue this business path. The report should identify those business processes at Kudler that could be affected by this decision and explain how they would be affected. It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual stores is responsible for placing their own supply orders. It is also the responsibility of...
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...Shoreline depletion by erosion is a natural process that occurs due to a variety of reasons. Shores can be devastated due to short-term events such as storms, wave action, or tides and winds. Shorelines can also be affected by large scale events such as glacier or orogeny cycles that alter sea levels. Tectonic movements also cause coastal land to be depleted or increased. These processes are natural, and the rise and fall of coastlines is just another part of nature, but human activity has drastically depleted shorelines worldwide. Beaches are becoming smaller and smaller, and cities are spending millions of dollars a year on replacing the sand alone (Prasetya). There are many things that humans are doing to devastate the coastlines. Along the coast, activities such as land reclamation, port development, shrimp farming, and construction are leading causes in coastal depletion. Within river catchments and watersheds, activities such as river damming and diversion affect the coast. Offshore events affect beaches as well. Dredging and sand mining are just a few examples of harmful offshore processes. Each of these things, combined with natural forces, put the coasts in dire need(Coastal Managment). It jeopardizes coastal cities and environments’ health. People normally flock to coastal areas to inhabit, and developers now have to deal with the problems of erosion. A strong push has been made by the administration in the areas affected to manage the coastal problems and restore...
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...“Working Together to Make a Difference”Who We AreAbout UsAt Hancock Manufacturing, the Human Resources team is about more than just payroll and benefits. Our energetic team consists of experienced and dedicated individuals who strive to help employees reach their goals while keeping ahead of the constant changes in technology, diversity, and globalization. As a member of our team you can enjoy schedule flexibility, comprehensive benefit packages, competitive salary, and a team environment that feels like family. Come join the team at Hancock Manufacturing, where creativity and innovation abound! | | | | Contact Us * H.R. Manager: Name * H.R. Supervisor: Name * H.R. Secretary: Name Phone: 1-800-HANCOCK 1-800-426 - 2625 Email: hrm@hancockmanufacturing.com Web: www.hancockmanufacturing.com | | | Hancock Manufacturing 2014 University Dr.Suite A.Salida, CA., 90000 | | | | | | Hancock ManufacturingHUMAN RESOURCE MANAGEMENT“THE FUTURE IS YOURS” | | Hancock Manufacturing | [Brochure subtitle or company tagline] | | Changes in HRMTechnologyA primary focus of the HRM team is taking care of our people. Technology has radically changed the way we to achieve this goal. The use of online career search engines and social media greatly enhances our ability to find the most capable pool of potential employees. Online training provides an excellent opportunity to provide current employees the innovative training needed for success in the modern...
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...MANAGMENT ACCOUNTING Launchbreak LTD 1. Be able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and quality 3. Be able to prepare forecasts budgets for a business 3.1 explain the purpose and nature of the budgeting process 3.2 select appropriate budgeting methods for the organisation and its needs 3.3 prepare budgets according to the chosen budgeting method 3.4 prepare a cash budget 4. Be able to monitor performance against budgets within a business 4.1 calculate variances, identify possible causes and recommend corrective action 4.2 prepare an operating statement reconciling budgeted and actual results 4.3 report findings to management in accordance with identified responsibility centres COMPANY BACKGROUND Launchbreak LTD is a small manufacturing company that makes cakes, which are sold to supermarkets and grocery stores. You work as an accounts manager at Launchbreak LTD, reporting to the general manager. 1.1(a) Managment accounting is one kind of accounting which is designated to provide business leaders...
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...Chapter 1 Overview of the 21st century workplace - Organizations must adapt to rapidly changing society > like in 2003 there was so wireless but now its changing now most of the business rely on wireless communication - Economy is global and driven by innovation and technology > you need new original ideas (innovative) High performing companies gain extraordinary results from people working for them Interdependent, knowledge based > Depend on each other as a part of organization Study question 1 what are the challenges of working in the new economy > intellcutual capital people are the ultimate foundations of orgzanitional performances intellcutual capital is the collective brain power or shared knowledge of a workforce that can be used to create value A knowledge worker adds to Globalization . National boundaries of world business have largely dissappeared . globalizations is the worldwide interdependence of resource flows,product markets and business competition that characterisitv that characterize the new company Technology . Continuing transformation of the modern workplace throughout > the internet (having social network websites to market product) > worldwide web (exchange of stocks) > computers > information technology .Increasing demand for the knowledge workers with the skills to fully utilize technology Diversity: >workforce diversity reflects differences with respect to gender , age, race, ethnicity, religion,sexual orientation...
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...Project Managment Summary Stacy F. Vincent CPMGT/301 December 22, 2014 Dr. Jeff Atkinson Project Management Summary Project Management, the process by which all components of a project are brought together, moving toward the end result of a successful endeavor. From inception; planning, organizing, resource management and the implementing of policy and procedures, the project manager is responsible for the entire process. Strategic Portfolio Management is the necessary prioritization methodology (Rouse 2012) actively engaged in managing the resources; budgetary, human, etc. in concert with any other component involved in the complete scope of a project. This component may oversee several different projects within an organization, moving them forward based on the company’s needs. Project Managers are responsible for the scope of the entire project, including the portfolio and program management outcome; however these all must work in concert to have a successful completion to all projects. Portfolio management (managers) can oversee several different projects concurrently, ensuring the necessary resources are available within the scope of the organization’s needs. Project managers, operating under the authority of their position, utilize the information compiled and made available by portfolio management. It is important to note that not all programs have end dates, such as a project may, and those program resources will require ongoing evaluation as budgets change...
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...There is a change an inevitable feature of organizational life because of the influence of global, economic, and technological development . Moreover, organization development is directed at bringing about planned change to increase an organization's effectiveness and capability to overcome difficulty. However, some people believes that there are many obstacles that organization should face during changes. This essay intends to discuss whether organization should change or not. The reason why organization should change is regarding to growth opportunities. Employees now have chance to learn new skills , exercise their creativity in the ways that ultimately benefit to the organization through new ideas . Importantly, preparing employees to deal with the opportunities in the market that organizations needs to pursue in order to increase its competitiveness. ( Chap 3 part 1 page 36 in " Change management" in Financial times Briefings).In addition, organizations also benefit from increasing satisfaction of customers and markets. Specifically, organizations are now able to introduce the new ways of meeting customer needs, new processes of delivering customer service, and new products which might attract the markets.For example, Apple Inc, the an American multinational corporation, understand and grasp the customer's needs which is phablet (more than 5 inch smartphone screen) , so they offer two new designs for the iPhone 6 which have the screen size of 4.7 inch and 5.5 inch. As...
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...Knowledge Managment Caste Study Unilever 1. What advice would you give Cathy Bautista on improving the strategic focus of Unilvers knowledge management activities? I think that Unilever should savings the cost, achieved from a contact center deployment which can include higher agent productivity and fewer escalations can be used to fund subsequent rollouts. Maybe they can provide a simple way to recommend content through social channels more company sponsored forums and online feedback forms. It can be really helpful for the company. Unliver should concentrate on „what they don’t know” they should discover where the search process broke down and determine why the company may not have understood the true intent of the user’s initial inquiry. Thinking globally also requires planning for the use of knowledge management across multiple channels and Unilever should increase the efficiency and effectiveness of relationships with partners and vendors. 2. What changes, if any, would you make to Unilever’s communities of practice? Yes In my opinion Knowledge Management Group (KMG) has to put in place a more formal framework to help ensure the effective and efficient operation of the firm’s communities of practice. 3. How could ’learning histories’ be further developed to capture organisational memory? They can develop learning histories with surveys tend to produce a set of "answers" that are endorsed (or not endorsed) by senior management. The learning history creates a reflective...
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...Operations Management 4BIM502 Assignment No. 1 Abdurahman Haji 12159352 Adam Al-Ghariyani 10594805 Word Count: 2650 Question 1). The post-construction issues that have come to surface regarding the Northstar HyperMall within the last three months are varied yet linked. These issues are of such importance in relation to the reliability – (According to Hollins and Shinkins, 2006 ) “The most important aspect of any product or service...something performing to specification” that they became the focal point of the General Manager’s (GM) area of concern. These problematic reports have dealt a destabilising blow to the future of the newly constructed Mall by Northstar, forcing the management to ensure that measures are taken both to identify and devise a solution in order to rectify the situation, ultimately restoring efficiency and thus heightening the chances of a success. Issues with relation to Customer Service are of great value, as this is where the interaction between the customer, the staff and all other products and services encompassed within the Northstar Mall facility take place. However, validity of the feedback/suggestions and general comments/complaints must be assured in order to gain a non-bias and factual foundation on which to view options to proceed. In the world business, on multiple planes, the quality of the service provided to the potential customer is paramount, as this service is what, when placed in conjunction amongst other variable factors...
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...assets, it does not adequately describe the economic phenomena of how a company creates value for societies and the environment. The contextualization of material commercial, social, and environmental factors to an organization’s strategy, governance, performance, and potential, and future earnings best demonstrates its value creation process and commitment to sustainability. The consideration of how a broad set of interdependent and relevant financial and nonfinancial factors affect an organization’s accountability, stewardship, and performance is the basis for integrated thinking and is the key element in integrated reporting. Integrated reporting (IR) principles are global in nature applicable to all organizations across multitude of industries and sectors and are becoming a fundamental practice towards a more cohesive and efficient approach in demonstrating to internal and external stakeholders how the business creates value in the short, medium, and long-term (Tilley, 2014). An integrated report should identify and communicate how relevant and interdependent, financial and non-financial factors affect an organization’s value creation process across organizational and geographical boundaries. This connectivity fosters a more efficient allocation of capital within the organization by breaking down communication barriers to engender a more collaborative and positive culture and outside of the organization by attracting investors through a more relevant assessment of risk and...
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...IT Software Risk Management What is Risk? In order to manage risks we have to understand what a risk is. In my view the best definition is that given by Larry Krantz. According to Robert Tusler (1996) Larry basically defines a risk as “a combination of constraint and uncertainty”. Every project will face constraints, and also uncertainty. The solution on over coming any type of obstacles is to minimize the risk in the project either by eliminating constraints or by finding and reducing uncertainty. The Internet Company Software System A few years back my company, The Internet Company, decided to set up a new software that would combine all department software’s into one. The ultimate goal of this project was to make sure that information was flowing correctly between the Human Resources Department, Payroll Department, and our company home office software. Like Larry Krantz stated every project is going to face some type of risks. The first step in risk management is to identify the possible risks and to assess the consequences of the risks. This is an important step, as one must identify the project risk inputs. Risk assessment identifies existing risks, analyzes risks, and then orders them in a priority from highest to lowest. Identifying and Prioritizing Risks The main technique that was used in other to identify risk was looking at historical data from one of our subsidiaries that had just completed a similar project. This helped us get a basic idea of what kind...
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...System database to save time in searching through the organization’s database and data warehouses. External information: some decisions require input from external sources of information. Various branches of federal government, Dow Jones, Compustat data, and the internet, to mention just a few, can provide additional information for the use with a Decision Support System. Personal information: you can incorporate your own insights and experience your personal information into your Decision Support System. You can design your Decision Support System so that you enter this personal information only as needed, or you can keep the information in a personal database that is accessible by the Decision Support System.anagment Model managment The model management...
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...http://www.scribd.com/doc/39376533/The-Performance-Appraisal-System-of-Rahimafrooz Letter of Transmittal Mrs. Kamrun Ahmed Course Coordinator Management Information System Department of Business Administration Southeast University. Subject: Submission of Transmittal Dear Mrs. Kamrun Ahmed With a great respect, we are informing you that we have prepared a project report on “The Information System use in a Superstore”. For the project completion, we have selected the superstore “Agora”.We feel great pleasure for submitting this report to you, which will definitely help us to complete the MBA. During the preparation of this report, we have experienced a lot that will greatly help us in our further studies and carrier life. It has enlightened our practical knowledge about the information system use in the practical world of business, the strategies they follow to maintain the problem in the superstore although the experience we got from here will help us to contribute these techniques in our practical life. We tried our level best to develop a good report. We would like to thank you for giving us such an opportunity to do this report on this topic. Thank you Sincerely yours Name Student ID. Md. Hafizullah 2011110004011 Sayeed 20111100040 Rukhsana Akter Rumi 2011110004015 Umma...
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...assets minus liabilities. Anything below 1 indicates negative working capital. If a company neglects maintaining their working capital, they run the risk of being in debt or even going bankrupt. Some techniques organizations due to ensure they have a good amount of working capital is ensuring they are paid on time (accounts receivable). In addition, it is also important they are paying their creditors on time. Last, it is important to invest any excess cash to maximize profitability. * What is capital planning? Why is the internal rate of return important to an organization? Why is net present value important to a project? How do you select from multiple projects presented to your organization? * * Capital planning is the process of planning for the future or replacing equipment. When capital planning, it is important to take the value of money into consideration. Thus, will the product or equipment have a higher return? In addition, will the product or the project retain its value in the foreseeable future? Another reason why the internal rate of return is important, is because it tells the organization if the risk of the investment. Net present value is taken into consideration when investing because it predicts the future of the cash flow from the equipment and investment. If the NPV is positive, then the project is usually accepted. However, if the NPV is low than the risk may be higher. Organizations select certain projects based on different proposals that...
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