...In this memo, I will discuss my experience in playing the Hotel Game. In the Hotel Game, the price depends on the supply and demand. I wanted to sell all of my rooms, because having unsold rooms would mean lost revenue opportunity. The supply in the market was always 10,000 rooms. I needed to make sure that I did not price higher than my competitors since the lower priced rooms would be filled up first. My costs may not rises, but if the demand for my hotel rooms rise because of the season, I would raise my prices to get the best bang for my buck, or the highest returns. Rooms are guaranteed to be sold if priced at the market clearing price, the price that is found from setting demand equal to market quantity. Pricing lower would mean losing money, since you would miss out on full profit potential. However, pricing lower does mean that your rooms are sold first. For low seasons, I priced one cent lower than the market clearing price because I prefer to be conservative. If you bid above the market clearing price, you risk not selling your rooms. If everyone prices at the market clearing price or below, you would not sell your rooms. If others price above the market clearing price, you may be successful. In my first turn, I did not have a clear strategy. I predicted that others would price above the costs for each hotel room, which was $74.99. I was also mistaken; I had thought the first round was for the low season. If I had known that it was a low season, I would...
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...Introduction Great managers have some characters in common which can be learnt by upcoming and young managers through simulation, that is, the imitation of the leadership styles of great managers to achieve results. Some criteria is required which is predictable from the simple aggregation of individual characteristics of the agents (Gilbert, 1996). If novices can painstakingly learn from and imitate characters of experts, they will surely develop their skills. Managing a team with more than two people is not an easy task because of the fact that sub-teams will emerge from the bigger team and this existence of smaller teams in a team have its challenges and opportunities if well managed. Nobody is an island on his or her own and projects are easier to execute where there is more than one collaborators, especially with mutual understanding and team spirit. Synergy is the factor that helps teams to do what individual members will not do. The whole team performance is more than the sum of the perormances of individual members of the team. This is due to the geling of the team members and the dynamism therein. Great leaders have exhibited different kinds of leadership styles. All these leadership styles are beneficial depending on how they are used. Great leaders are visionary people who are able to achieve results using people. They exhibits authority in themselves and exhume confidence in their team members. Circustances make men, just as much as men make circumstances (Marx...
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...DONALD TRUMP-AMERICAN BUSINESS MAGNATE Over the years, Donald Trump, Chairman and President of the Trump Organization has become a master of situating himself in the limelight with out-spoken interviews, his books, his television show, and especially his king-size lifestyle. Nonetheless behind it all this lies a very sharp businessman. Someone who is a tough negotiator, someone who knows how to build a brand and simply someone who does all this while building successful working relations with others. This starts my essay on why I admire Donald Trump. “I like thinking big. If you’re going to be thinking about anything, you might as well think big.” Donald Trump. Entrepreneur Donald Trump, through set-backs, controversies and successes, is someone who comes to my mind as a person one can admire and emulate. Donald John Trump was born in Queens, New York on June 14, 1946; the fourth of five children of Mary and Frederick Trump. Frederick (1905-1999) was himself a real-estate developer. Donald’s parent hoped a military school education would greatly benefit him, as it did Dwight Eisenhower, Ted Turner, and Douglas MacArthur to name a few and prepare him to enter the family business. Being an active and energetic child, his parents sent him to the New York Military Academy (est. 1889), located in the Cornwall-on-Hudson, at age 13. They hoped the academy’s discipline program would have an influence on him. By attending the military academy, which was a private boarding...
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...Trend Article Analysis University of Phoenix – MGT373 Jennifer Choy August 21, 2011 In this day and age there are millions of trends that are present in almost every industry. In order for an organization to be successful it is essential that they follow some of these trends so that their company appeals to people. This proves to be true for the event planning and convention industries. Two articles that pinpoint a couple different trends are “Nifty gadgets taking special events to a new level” and “ The article “Nifty gadgets taking special events to a new level” is a great example of trends within the planning and convention industries. In the years 2001-2004 these industries saw a huge decline in business. The reason for this was the failing economy. Companies and organizations could no longer fit events and gatherings into the budget. In 2005 event planning companies such as Dolce parties finally started to see an incline in corporate parties and events. However, these parties and events were at a much smaller scale. It was only the important people that were being invited to these gatherings because the budgets were still not back to where they were. Since the comeback of events was at a slow pace, event planners and convention industries decided to introduce some new gadgets to attract clientele. According to Stableford ( 2005)“Beyond the typical post-event surveys and evaluation of how many sales leads actually translate into qualified...
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...Republican Debate Essay The Republican Party has debates to allow the people to choose who they want to run for their party. The debate was held at the Quicken Loans Arena in Cleveland, Ohio on Thursday, August 6th at 9:00 pm. The candidates involved in the debate were Trump, Bush, Walker, Huckabee, Carson, Cruz, Rubio, Paul, Christie, and Kasich. The stage was set up putting the two major candidates (Trump and Bush) in the center to help ensue more involved debates between the two parties. Although I did not want him to particularly win the debate, I believe that Donald Trump related best to the people in the audience. Although Jeb Bush was at the head of the polls towards the beginning of the run for candidacy, Donald Trump’s sense of raw anger in our country helped him relate to the American people much easier. The first question given to all the candidates was whether or not they would back up the nominee was not them, Trump was the only candidate to say that he would not. Early in the debate Trump was asked about his crude comment on women. He stated that he didn't have time for “total political correctness”, and that the statements were only about Rosie O’Donnell. He did apologize and explained that he had always said nice things about her but he threatened to be less cordial with his responses if she were going to continue replying in such a rude manner. Although I may not agree with most of Trump’s views on immigration and basic...
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...Internet Writing Assignment C There are several polls that are currently being displayed. These include social issues, current election standings, and other items including things like the economy and educational issues. One poll that I found on these sites is how favorable is Donald Trump. I learned that Republicans favor him the most and Democrats dislike him the most and independent voters are somewhere in the middle. He is about 50/50 with the voters currently and slightly more unfavorable at the last poll. When he first started he was about 90% unfavorable so he has came a long way since then. After looking at both of these sites, I found that the pollingreport.com website is what I would use for a reference. Depending on what I am searching for I may turn to Gallup polls if it is regarding a social issue or something other than politics. Polling Report I found was more useful for information regarding presidential elections. For this reason I found Polling Report to be more useful especially to people in a college level political science class and to the American public. It is important to have all this poll data online because you can see how others think and you can have a reference available at all points in time. It helps us understand where we currently stand and think as a whole as a country. Polls give us a lot of information including how the people think a president is doing. Also, they are real important around election time because it shows where each candidate...
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...SUNYIT Human Resource Management MGT 318 Professor N. Laino Leadership Jeff Albright April 30, 2014 In the waning seconds of Game 6 during the 1998 NBA Finals, Michael Jordan found himself with the ball after stealing it from Karl Malone. Down by one, and with just 5.2 seconds left on the clock, Jordan rose up for a jumper that would end up being the winning points of the game. This win would earn Michael Jordan his sixth NBA championship. With every successful championship win, there is a leader who helped lead the franchise. Just as experienced leadership translates to success on the playing field, experienced leadership is essential in the business world. Leadership is defined as “the use of power and influence to direct the activities of followers toward goal achievement. That direction can affect followers’ interpretation of events, the organization of their work activities, their commitment to key goals, their relationship with other followers, and their access to cooperation and support from other work units” (McGraw 418). Often times, people who are leaders are people of power; it’s how these leaders use their power to get followers to achieve goals. Someone who is powerful is often known for their ability to influence the behavior of others. In the workforce, most leaders are managers. There are three organizational forms of power that managers can use to influence employees: legitimate power, reward power, and coercive power. Legitimate power...
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...Mac Miller vs. Donald Trump Facts: In August 2011, shortly after the music video to the song reached 20 million views on YouTube, Donald Trump tweeted about Mac Millers song “Donald Trump” claiming that he would be the next Eminem and there were big things ahead of him. Mac Miller went on to send Donald Trump a plaque for the songs accomplishments after it began to do good. The song was part of his 2011 mix tape entitled Best Day Ever. The issue is still at hand with Trump recently posting a new status against Mac Miller, instead of Mac arguing with Trump he has chosen to kill the issue with kindness even posting that he does not want negative energy but rather to be friends. Mac in an interview revels that the reason behind Trumps tantrum could be due to the fact that he stated Trump was a douche in an interview with complex magazine. Issue: Mac Miller went on to get over 75 million hits with the song alone which Donald Trump noticed. Donald Trump then claimed that he needed to get paid due to the fact that Mac Miller used his name illegally and took to tweeter to further threaten Mac Miller. Some statements made by Trump include “Little @MacMiller, you illegally used my name for your song “Donald Trump” which now has over 75 million hits.”, “Little @MacMiller, I’m now going to teach you a big boy lesson about lawsuits and finance. You ungrateful dog!”, and “Little Mac Miller’s next album may bomb. He can’t use my name again for sales.” Judgment: unresolved Reasons...
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...▼How to Get Rich ◄ 2 ► ▼How to Get Rich Contents Title Page Dedication Introduction Five Billion Reasons Why You Should Read This Book PART I The Donald J. Trump School of Business and Management PART II Your Personal Apprenticeship (Career Advice from The Donald) PART III Money, Money, Money, Money PART IV The Secrets of Negotiation PART V The Trump Lifestyle ◄ 3 ► ▼How to Get Rich PART VI Inside The Apprentice Acknowledgments Appendix Behind the Scenes at the Trump Organization About the Author Also by Donald J. Trump Copyright ◄ 4 ► ▼How to Get Rich To my parents, Mary and Fred Trump ◄ 5 ► ▼How to Get Rich The Mother of All Advice Trust in God and be true to yourself. —Mary Trump, my mother When I look back, that was great advice, concise and wise at once. I didn’t really get it at first, but because it sounded good, I stuck to it. Later I realized how comprehensive this is—how to keep your bases covered while thinking about the big picture. It’s good advice no matter what your business or lifestyle. —DJT ◄ 6 ► ▼How to Get Rich TRUMP How to Get Rich ◄ 7 ► ▼How to Get Rich Introduction Five Billion Reasons Why You Should Read This Book A lot has happened to us all since 1987. That’s the year The Art of the Deal was published and became the bestselling business book of the decade, with over three million copies in print. (Business Rule #1: If you don’t tell people about your success, they probably won’t know...
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...Passover vacation is definitely the most sought after vacation throughout my entire year. Although we are stuck eating matza the entire time it is an activity filled and extremely fun vacation. Every year my family goes to Sunny Isles Beach, Florida. We stay at the Trump Palace at 18101 Collins ave. First of all Passover vacation is about 16 days which is almost a week more than winter vacation. Another really significant reason I like the vacation is due to all the time I get to spend with my entire family. My brother Matan, his wife Nina and their daughter Juliette get their own apartment in the building next door. My sister maya, her husband Danny, their 2 daughters Adele and Joelle, my parents, my brother and I are the rest of the family. We stay in a relatively large apartment so it is not a big deal to fit the entire family. This year however is my sisters first year there with 2 children so things may be a bit more hectic. My seder is basically the same as everyone else's aside from two things. Moroccans sometimes have Ashkenaz traditions due to their close proximity and diffusion with Europe. The first thing is my father dipping his finger in the wine glass for all of the 10 plagues. The next and to me, most significant is “Be Bi Lo”, a song my father sings as he circles the seder platter over each person in my family's head. During the holiday days of the vacation my days are usually spent on the beach or by the pool with friends and family. My friends from nearby buildings...
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...Donald John Trump is a candidate for the Republican nomination for President of the United States in the 2016 election. He is an American businessman and television personality. Trump is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts. Trump was born on June 14, 1946 in the Queens borough of New York City. He is the fourth of five children. Trump attended The Kew-Forest School. He then attended the New York Military Academy where he finished eighth grade and high school. Trump then studied at Fordham University for two years and then entered the Wharton School of Business at the University of Pennsylvania. While studying there Trump worked for his father's firm, Elizabeth Trump & Son. Upon graduating from Wharton in 1968 with a bachelor's degree in economics, he joined the company, and in 1971 was given control, renaming the company "The Trump Organization". He then went on to build hotels, golf courses, and other properties. He is a major figure in the American business scene. The NBC reality show The Apprentice kicked off his fame, and his three marriages were extensively reported in tabloids. Trump ran for President of the United States once before: In 2000, he conducted an exploratory campaign and won two Reform Party primaries. In June 2015, Trump announced his candidacy for president in the 2016 election, and his campaign for the Republican nomination has drawn widespread media coverage partly due to his controversial...
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...Bryony Crocker Duckworth Gov 2305 12 March 2016 Who Will They Choose? It’s 2016 and about that time we declare a new president of the United States. This year’s presidential candidates are quite unique and controversial; currently we have two democrats in the running, and only three republicans remaining after many drops out, still, there are 5 candidates going strong, fighting for the chance to be the next leader of our country. The Democratic Party candidates are Hillary Clinton, former US secretary of state, and Bernie Sanders, US senator, the Republican Party candidates, I will be talking about are Ted Cruz, US senator, and businessman Donald Trump. Starting with the Democratic side, almost all of us know Hillary Clinton as the former first lady of the United States, when she was married to Bill Clinton, but now it’s her chance to be the real first lady by possibly being elected the first female president. Hillary Rodham was born and raised Park Ridge, Chicago her father, Hugh, a hardcore republican, and her mother Dorothy had provided Hillary with a stable middle-class life. Hillary’s mother did not have the best childhood growing up, and this had sparked a flame in Hillary to fight for women’s rights and children’s needs everywhere. Hillary became heavily involved with social justice activism at Wellesley College, and was elected to be the first student speaker at her graduation. (Hillary’s Story) Hillary graduated from Yale Law School, but instead of joining a big...
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...The “Hate Crimes with Donald Trump’s Anti- Muslim Rhetoric. Repented attack on Muslims in the United States is higher since Donald Trump nomination for presidency and his anti-Muslim agenda. The Muslims in the United States face increasing crimes against members, and surveillance of mosques place of religious prayer areas. “Right Wing Media Attack Loretta Lynch for Condoning Anti-Muslim found on (website http; //media-matters, org, research/2015/12/04, right, wing, media, attacks. Loretta, Lynch, code20). This story is about Loretta Lynch is the United States Attorney General. This story was peer reviewed by Suen Brennan, and Brendan Karet their research study on December 4, 2015 at 7:19pm. Eastern time zone. Media Matters for the United States (American) the research department features a depth analysis of the media report and illustrating skew or any coverage inadequate issues. Loretta Lynch finally statement “Action of Predication on Violent Talk” “That against Muslim “Are Not Americans “Will be Prosecute”. Weejes editor of Bimonthly Publication United Academic Journal. The Natural Hazard Center has been serving the National, and International clearing place since 1976. This story is about how “The Natural Hazard Center” is still under attack is another recent story of the effects of Donald’s Trump Anti-Muslim Rhetoric. The Natural Hazard Center has been serving the National, and International clearing place since 1976. The primarily information is provided from...
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...A lot of people think Donald Trump isn’t a good president and a lot of people think he is. I think he is a great president. A couple of reasons why I think he’s a great president are, he enacted historic tax and regulatory reform that has unleashed economic growth. He enforced President Barack Obama’s red line against Syria’s use of chemical weapons. And those are just some examples of what trump has done to make our country better. Very many people have their opinions on trump, people think he is a racist towards mexicans when really he’s just pointing out, all of the things they’ve done wrong. Like coming across the border without permission. People from Mexico are constantly trying to come over. So many people just assume “oh, yeah...
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...Donald Trump, the man to win the elections against the women Hillary Clinton. Many people were shocked and surprised with the results of what happened in the elections. Controversy struck on the media and mostly anywhere with a ton of riots in the streets. President Trump is now the current 45th president of the United States. His first was on January 11, 2017. Donald j, Trump our current President has said many things, some have not been well implied but he has talked about focusing and working in making America a better place for everyone who deserves freedom and help. I have talked about President Trump and who he is and what his accomplishment was, now I will talk about Former-President Obama's farewell speech and Trump's speech; I will...
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