...Chapter 10 THE PRODUCTION BUSINESS PROCESS TEACHING TIPS I usually gloss over the materials on job costing, for my students have covered job costing in their Cost/Managerial course. I do emphasize the need for good ledger control over property, plant, and equipment. THE PRODUCTION BUSINESS PROCESS Production Planning and Control. A sales order or sales forecast cause the creation of production orders which specify items that should be produced. Materials are requisitioned and production is scheduled. Items are produced, inspected, transferred to finished goods inventory, then transferred to shipping to complete the process. Basic production requirements are provided by the bill of materials and master operations list. Resources available for production are communicated to the production control function through inventory status reports and factor availability reports. The production order serves as authorization for the production departments to make certain products. Materials requisitions are issued for each production order to authorize the inventory department to release materials to the production departments. Production status reports are periodically sent from the production departments to the production control function. Cost Accounting Controls. Job costing is a procedure in which costs are distributed to particular jobs or production orders. In process costing, costs are compiled in process or department accounts by periods (day, week, or month).The cost accounting department...
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...providers in over 188 countries At the heart of our business is a dedicated team of over 120 skilled and innovative individuals We sell to 51 countries in Europe Our most popular qualification is ACCA, we sell our products in 168 countries We provide a wider range of CIMA exam material than any other publisher We sell to more than 350 institutions in the UK We sell to 37 countries in the Americas We sell our CIMA materials in 108 countries We sell to 52 countries in Asia We sell to 44 countries in Africa Our FIA products are sold in 145 countries Our global distributor network includes over 80 distributors present in every continent Welcome to BPP Learning Media At BPP Learning Media, we seek to inspire, enthuse and guide people from all walks of life on every step of their educational journey. We have a passion for imparting knowledge and improving lives through education. The fact you are reading our publications catalogue tells us you share that passion. Together, we can work to improve life and career aspirations across the world. The trusted publishing partner From our beginnings over 35 years ago, BPP Learning Media has become the benchmark for quality in professional education study materials. Today, tutors and students in more than 188 countries worldwide look to us as an essential support for success in accountancy, tax, financial services, business, management, marketing and medical exams. So trusted are our materials that...
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...FROM THE SOLUTIONS CENTER Solution Guide: Migrating from Brocade Enterprise Fabric Connectivity Manager to Brocade Data Center Fabric Manager Brocade DCFM simplifies infrastructure management with the performance and scalability required in the Brocade data center fabric, which connects applications to infrastructure in the majority of the world’s data centers. FROM THE SOLUTIONS CENTER SOLUTION GUIDE CONTENTS Introduction........................................................................................................................................................................................................................................ 3 Supported Firmware ...................................................................................................................................................... 3 Upgrade Paths ............................................................................................................................................................... 4 Migration Facts .............................................................................................................................................................. 4 Migration Overview ......................................................................................................................................................................................................................... 4 Planning.......................................................
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...EXPORT MANAGEMENT ASSIGNMENT 1 EXPORT DEVELOPMENT PLAN Summited by Nguyen Thi Lien Huong MSc International Business Management Student Number: 22045933 Main body word count: 1,665 CONTENTS Introduction………………………………………………………………………1. Business and market environment…………………………………………….1.1. Definition……………………………………………………………….1.2. Understanding the environment of a target market…………………….2. Market segmentation and distribution channels……………………………..2.1. Market segmentation……………………………………………………2.2. Distribution channels………………………………………...................3. Financial issues, Export Practicalities and Technicalities……………………Conclusion………………………………………………………………………….References………………………………………………………………………….. | 344577881011 | INTRODUCTION When national economies are more open and trade is increasing both in volume and geography, exporters should recognize huge potential to develop their business. To achieve success in the international market, the initial step is to understand what is important to consider before implementing export strategy. In that context, this assignment aims to provide basic insights that exporters need to take into account. The assignment consists of three main parts focusing on three topics: * Business and market environment * Market segmentation and distribution channels * Financial issues, export practicalities and technicalities In each part, there will be definitions and explanation about the concepts. The assignment also suggests...
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...MULTIMEDIA LEARNING MATERIALS FROM THE EXPERTS PRODUCT CATALOGUE JANUARY 2012–JUNE 2012 BPP Learning Media has been producing high quality study materials for more than 30 years. We are the publisher of choice for students, tuition providers, companies and professional bodies in more than 150 countries worldwide. Using the expertise of our specialist authors and tutors, we have developed a range of innovative study aids in a variety of formats including web delivery, audio-visual products, CD-ROMs and books. Our products are designed to support a variety of different learning styles, ensuring all students make the most of their study time and successfully achieve their learning outcomes. This catalogue is your comprehensive guide to the qualifications we publish for and the learning materials we offer in support of those qualifications, together with our UK and overseas stockists directory. CONNECT WITH US bpp.com/learningmedia twitter.com/bpplm LinkedIn: BPP Learning Media Clients contents 04 ABoUt Us WhaT’s neW aT 12 BPP LeaRning MeDia 14 insTiTUTe OF LeaDeRshiP anD ManageMenT (iLM) 15 MeDiCaL seRies assOCiaTiOn OF BUsiness exeCUTives (aBe) 16 a BRanD neW 17 aPPROaCh a neW iDenTiTY 17 a neW PROPOsiTiOn 18 inFORMaTiOn FOR BOOKseLLeRs 20 WhOLesaLe ORDeRs 23 BeCOMe a sTOCKisT TUiTiOn PROviDeRs 24 TeRMs anD COnDiTiOns OF saLe RegiOnaL saLes ManageRs 24 CUsTOMeR seRviCes PRinTeD 25 PRODUCTs 26 sTUDY TexTs PRaCTiCe & RevisiOn KiTs 27 PassCaRDs 28 eLeCTROniC PRODUCTs...
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...Introduction to Commercial Bank We are known as, the benchmark private sector bank in Sri Lanka. Over the years, we have with clear vision, set standards, created an identity and forged a unique trend in banking that has brought us recognition year after year. We have maintained our cultural identity, reached to the grass roots and created a style that has set the trend. Today, our superlative range of products and services, powered by state-of-the-art technological superiority and peopled by a dynamic, highly motivated team have made us what we are, the most progressive bank in Sri Lanka. THE FUTURE The immediate outlook for the local economic environment appears to be encouraging. The Bank is well positioned to capitalise on the opportunities emerging in the market due to the positive macroeconomic enviro nment in the country. The Banking industry operates basically on public confidence. The industry is governed by a set of regulations which necessitates changes or amendments due to the sophistication of the financial products and services it offers. The following regulatory changes which will come into effect in the ensuing year will have a significant impact to the operations of the banking industry. Our Vision "To be the most technologically advanced, innovative and customer friendly financial services organisation in Sri Lanka, poised for further expansion in South Asia" Our Mission "Providing reliable, innovative, customer friendly financial services,...
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...360 Degree Feedback An evaluation method that provides each employee the opportunity to receive performance feedback from his or her supervisor and four to eight peers, reporting staff members, co-workers and customers. ABE - Adult Basic Education Adult Basic Education Accreditation Certification by a duly recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service or operational group or individual to provide the specific service(s) or operation(s) needed. Recognition given to a person or organization meeting certain standards. Achievement Performance as determined by some type of assessment or testing. Action Plan A specific method or process to achieve the results called for by one or more objectives. May be a simpler version of a project plan. Action planning and processes Deciding who is going to do what, by when and in what order for the organization to reach its strategic goals. The design and implementation of action planning depends on the nature and needs of the organization. An action plan includes a schedule with deadlines for significant actions. Action Projects A specific planned process and steps for completing one or more strategic goals and objectives, including ownership of the project. The Action Projects are the annual goals and challenges currently being addressed by San Juan College. Active listening A way of listening that...
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...1 MINING INDUSTRY - OVERVIEW AND RISKS FACTORS Definition of the Industry The mining industry encompasses a wide range of companies involved in different supply chain positions that represent exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players...
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...according to age and life cycle of the target market: 4 Gender 4 Income 4 Generation 4 Psychographic Segmentation 5 Behavioural Segmentation of Cadbury dairy Milk 5 Readiness to buy the product 5 Benefits 6 Attitude 6 Step 3: Preparing an integrated marketing plan and program 7 Product: 7 Product and Service Attributes 8 Price: 9 Promotion: 10 Place: 11 Step 4: Building customer relations 12 Step 5: Capturing value from customers 12 Benefits and disadvantages of marketing for Cadburys 13 References 14 Cadbury and its marketing process Marketing is an important process in which customers’ needs and want are identified, fulfilled and estimated in a way that is also economic and beneficial to the company. (CIM, 2001) It is essential for every company to make use of these tools in order to make there company the best it can be. It is important to give customers what they want, when they want it and at a competitive market price. Step 1: Understand the marketing place and customer needs It is of crucial nature that the market place and wants and needs of clients and prospected clients are clearly understood. Businesses should also keep in mind that the needs, wants and demands of human beings changes constantly and thus they should keep up to date with the latest trends. Cadbury is using various ways of conducting research and tapping into their cliental market. Online communication is being used in an extensive way, seeing that the world is...
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...1 MINING INDUSTRY - OVERVIEW AND RISKS FACTORS Definition of the Industry The mining industry encompasses a wide range of companies involved in different supply chain positions that represent exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players...
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...Jones: Introduction To Business: How Companies III. A Functional Approach to Business 12. Operations and Materials Management: © The McGraw-Hill Companies, 2007 Create Value for People Managing the Production and Flow of Goods and CHAPTER 12 Operations and Materials Management: Managing the Production and Flow of Goods and Services Learning Objectives After studying this chapter, you should be able to: 1. Describe the nature of the operations and materials management process and explain how it can create a competitive advantage for a company. 2. Identify the five main components of operations and materials management costs and the methods companies use to reduce them. 3. Differentiate between the three major kinds of operating systems companies use to produce goods and services. 4. Understand the way total quality management can significantly improve both quality and productivity. WHY IS THIS IMPORTANT Flour, eggs, sugar, baking powder, chocolate, and shortening don’t create much excitement when they are in the kitchen cupboard. They create a lot more excitement when someone transforms them into a cake. Whether it’s a cake, a computer, or a legal docu- ment, operations and materials management processes create value in a household or a company. A company’s operations require inputs such as raw materials or parts and the skilled people and equip- ment to transform them into useful products...
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...WeMakeConnections TTI Multi Campus Network Executive Summary: WeMakeConnections is an up-and-coming networking and infrastructure company; we offer network solutions that are customized to each client, and their specific financial and technical needs. We provide a le82vel of service you would expect from a close friend, not a company. We service all network sizes, large and small, and have worked extensively with existing network upgrades, as well as total network creation. WeMakeConnections offers personalized services to match any budget. In this day and age competition is fierce, and money is tight. That is why we only hire people who love networking; they know what works, what doesn't, and where we can cut waste. That is why WeMakeConnections is the only company that offers a complimentary follow up, one month after your network is complete. We want to make sure you love your network. Each of our eight core employee's graduated from the prestigious ITT Tech, San Diego. Each has a passion for networking, and genuine love for problem solving. From the cabling in the walls to workstations on the desks, a trained professional will be on the job. Based on the request for proposal from TTI, we have created what may be, our masterpiece work. The following pages detail our plan of action for TTI's success, and subsequent expansions. We are confident that our network provides the best return on investment for TTI's four additional campuses, and will be easily scaled to...
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...Investment Banking Valuation, Leveraged Buyouts, and Mergers & Acquisitions JOSHUA ROSENBAUM JOSHUA PEARL FOREWORD BY JOSEPH R. PERELLA Investment Banking Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation, and financial instrument analysis, as well as much more. For a list of available titles, please visit our Web site at www.WileyFinance.com. Investment Banking Valuation, Leveraged Buyouts, and Mergers & Acquisitions JOSHUA ROSENBAUM JOSHUA PEARL John Wiley & Sons, Inc. Copyright C 2009 by Joshua Rosenbaum and Joshua Pearl. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976...
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...1.1 BACKGROUND OF THE STUDY Emotional Intelligence comprises specific skills behaviors, and attitudes that can be learned, applied and modeled by individuals to improve personal satisfaction and career effectiveness (Nelson & Low, 2003). In other words, emotionally intelligent skills are developed to help lecturers cope with daily multiple tasks and provide substantial growth and psychological health. According to Goleman (1998) asserts that emotional intelligence, not IQ, forecast a workplace success and who inspires by the powerful of EQ as a leader. This study describes a research undertaken with a sample of lecturers from Faculty of Business Management in Universiti Teknologi MARA Shah Alam and Puncak Alam Campus, including male and female lecturers. Besides, a meta-analysis of 59 studies by Van Rooy and Viswesvaran (2004) found that emotional intelligence correlated moderately with job performance. According to Hargrevas (2001), both teaching and learning are not only concerned with knowledge, cognition and skills, but they are also emotional practices. Dewey highlighted that an educator ought to “have the sympathetic understanding of individuals as individuals which gives him an idea of what is actually going on in the minds of those who are learning” (Dewey [1938]” 1997, p. 39). Harkin (1998) found that, “effective behaviors are the most important determinants of student satisfaction with educator,” through “recognizing individuals, listening to students, showing...
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... e. COMMON FACTORS TO SUCCESFUL CHANGE MANAGEMENT 10 3. RESISTANCE TO CHANGE 11 a. CAUSES OF RESISTANCE 11 b. SYMPTOMS OF RESISTANCE 13 c. BENEFITS OF RESITANCE 14 4. OVERCOMING RESISTENCE TO CHANGE 15 5. APPROACHES TO MANAGING CHANGE 18 a. HARRIS’S FIVE-PHASE MODEL 18 b. LEWIN’S THREE-STEP CHANGE MODEL 19 c. KOTTER’S EIGHT-STEP PLAN 20 6. CASE STUDY 22 7. BIBLIOGRAPHY 24 1. CHANGE ‘Change is the law of nature’. Nothing is permanent except change. Today’s business environment is unprecedented, in terms of the richness of its opportunities — and the scope of its challenges. The need to be nimble, to be able to make quick and effective changes in organizations, is vital in order to remain both relevant and competitive. Change can be time of exciting opportunity for some and a time of loss, disruption or threat for others. 1. a. CONCEPT OF ORGANIZATIONAL CHANGE The term ‘Organizational change’ implies the creation of imbalances in the existing pattern of situation. When an organization operates and functions for a long time, an adjustment between its technical, human and structural set-up is established. It tends...
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