...structured mechanisms available to show how these factors affect the bottom line of the business. In this paper, the authors present a three step market assessment methodology and illustrate it with an example of a manufacturing company. The proposed methodology is applicable especially to the case of an already existing company trying to expand its operations and sales to a new country or emerging market. The first step assesses the broad market potential of a country; the second step estimates the sales potential for a specific company, and the third step calculates return on investment for the company based on the resources required. Each step of the methodology accounts for several external and internal factors. An example of a fastener manufacturer targeting the Mexican market is used to demonstrate the application of the proposed...
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...overall sales with a decline in sales of 45% over the past four years. Industry experts are predicting that the market will stabilize by the end of 2010 with industry sales increasing to $15.2 billion by 2014. Due to the drastic decline in the market, over the past four years, manufacturers have been focusing on cost cutting initiatives and efficiency improvement to achieve profitability. Cabinet manufacturers view fasteners (staples and nails) as a commodity primarily due to the lack of differentiation. Generic fasteners have slowly increased their presence, through distributors, resulting in increased focus on price. Fasteners are used during the assembly process to join the wood components until the glue dries providing the long term bond. Currently, poorly placed fasteners account for approximately 3%-5% rejection rate during production resulting in cabinet re-work or replacement costing cabinet manufacturers two to three times the cost of the fastener. Product Enginuity by Duo-Fast is an application based assembly system consisting of tools, fasteners and placement guides specific to...
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...feeling who’s dejected by the awareness of being alone. 4. Title is a transcript that distinguishing name of a book, poem, picture, piece of music or the like. 5. Synagogue is a building it is also a Jewish house of worship, often having facilities for religious instruction. II.DESCRIPTION description of a mechanism 1.what is it 2.what it's purpose 3.what is look likes *A mechanism is a device designed to transform input forces and movement into a desired set of output forces and movement. Mechanisms generally consist of moving components such as gears and gear trains, belt and chain drives, cam and followermechanisms, and linkages as well as friction devices such as brakes and clutches, and structural components such as the frame, fasteners, bearings, springs, lubricants and seals, as well as a variety of specialized machine elements such as splines, pins and keys.The main purpose of it is to produce machines that would contribute to the development of society and of individual. It also opens a slot in globalization and of especially in innovation and in stepping into another level of technology. It is like you are doing a jigsaw puzzle, or holding a very delicate thing to match it to the other. (http://en.wikipedia.org/wiki/Mechanism_%28engineering%29) II.PROCESS DESCRIPTION * A thesis or dissertation is a requirement to pass or to go into another level in hierarchy in learning or in any profession you are taking. A dissertation or thesis is a document...
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...alles@business.rutgers.edu Phone: (973) 353 5352 COURSE OBJECTIVES In recent years my colleagues and I have noticed that when we are recruiting we come across newly minted PhD students who are usually highly technically proficient in terms of being able to run regressions, do statistical testing, solve analytic models or whatever, but they often fail to demonstrate that they have thoroughly thought about their papers—in other words, when you push them about the implicit and explicit assumptions and implications of their research models, it appears that they haven’t really given these matters much thought at all.[1] Too often they fall back on saying that they are doing what they are doing because that is the way it is done in the prior literature, which is more of an excuse than a answer. (Of course, once a researcher reaches a certain age, they all feel that youngsters aren’t as good as they were in the good old days!) Therefore, in this class we shall go beyond simply studying research in managerial accounting. For many of you, this is your first introduction to accounting research and to PhD level class. Hence, in these classes we shall also learn how to solve business problems systematically and to understand what it means to have thoroughly “thought through” a paper. We begin not with academic research, but with some real world cases, because we should never forget that ours is an applied research field: accounting research is a means towards the end of understanding business...
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...CHAPTER I INTRODUCTION Many companies are using inventory systems for their success and growth. Inventory systems have a variety of functions purposes in businesses. Promoting the sales and shrinkage control are two main functions of inventory system. Promoting the sales function deals with availability of sufficient products for the customers whereas shrinkage control function deals with monitoring the occurrence of damage loss, or theft, etc. of the products. Another very important function of inventory control systems is asset valuation; that establishing the value of the products on the shelf for tax purposes at the end of the tax year. According to the Small Business Administration, all inventory systems strive to strike a balance between managing costs and the business advantages of a broad selection of goods to offer to customers. All inventory systems, regardless of technology, require some element of visual inventory management. The proposed system is a combination of an Inventory System for the King Dnarmsa Spirulina Int. The benefits of this system definitely outweigh any negative side effects the system may have. Inventory Systems also help businesses out because they help the specified site with the upkeep of their inventory and all their sales. This is beneficial to the business because doing things manually is very hustle. Inventory control requires the tracking of all parts and materials purchased, products processed, and products stored and ready for shipment...
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...SCHEDULING FRAMEWORK FOR TRACK LINKING IN RAILWAY PROJECTS First Review Report By Andrew George Cherian Under the guidance of Dr. Koshy Varghese Building Technology and Construction Management Department of Civil Engineering Indian Institute of Technology, Madras October 2015 TABLE OF CONTENTS Contents 1. INTRODUCTION 4 2. PROBLEM STATEMENT 4 3. OBJECTIVE 5 4. SCOPE OF WORK 5 5. METHODOLOGY 6 6. LITERATURE REVIEW 7 7. PILOT STUDY 8 7.1 RAIL WELDING 8 7.1.1 FLASH BUTT WELDING MACHINE 8 7.2 PRE-REQUISITES FOR LAYING THE TRACK 9 8. PROBLEM VALIDATION 12 9. ISSUE IDENTIFICATION 13 10. PROJECT TIMELINE 16 11. REFERENCE 16 TABLE OF FIGURES Fig1. Methodology Flowchart 6 Fig 2. Sequence of activities 10 Fig 3. Work Sampling Chart 10 Fig 4. Idle time distribution 11 Fig 5. Snapshot of planning assumptions 12 Fig 6. DPR for welding for a typical month 13 Fig 7. Snapshot of Internal Hire Charges 15 Fig 8. Project Timeline 16 1. INTRODUCTION Railway track construction started in India in 1859, with first operational line between Mumbai and Thane. It is the most critical transportation system of the country for passengers and goods. Spread of the railway track across any country is a key indicator of infrastructure and economy of a country. As of 2014-2015 India has a spread of more than 65000 route km of railway track (Indian Railways,2015). A typical railway construction project involves the construction of...
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...PROJECT REPORT ON “Total Quality Mgt & Employees Commitment towards Work” SUBMITTED TO MAHARSH DAYANAND UNIVERSITY IN PARTIAL FULFILMENT OF THE REQUIREMENT OF THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION (MBA) SUBMITTED TO: INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH Maharishi Dayanand University, Rohtak (SESSION 2009-2011) SUBMITTED BY: Sachin Chhabra MBA (2 year) (hons.) Roll No.2176 DECLARATION I declare that the research report entitled “A study on the employee satisfaction” is a record of independent project research work carried out by me under the supervision and guidance of NEHA MANDIRATTA (HR manager of LPS BOSSARD). This has not been previously submitted for the award of any other diploma, degree or other similar title. Place: Rohtak Date… …. … PREFACE A determination to succeed is the only way to succeed. For this, it is very important that all knowledge, which we have, should be translated into action. It is the only then that we can achieve something. Project work is the way to convert our raw talent into potential management. Classroom knowledge can only then be efficient when it is effectively wedded to the realities of the...
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...• " A STUDY OF THE IMPACT OF HUMAN RESOURCE PRACTICES IN REGIONAL RURAL BANK OF MP II (A) INTRODUCTION OF HRD According to Economic Theory, the factors of production are land, labour, capital, organization and enterprise to produce and distribute goods and services. These five factors can be further grouped into two broad categories, (i) land and capital and (ii) labour, organization and enterprise. The former category is passive in nature while the latter one is active. The inputs of this category may be largely termed as human resources working in the form of entrepreneurs, managers and workers. No amount of production of any good or service is possible in their absence. Even with the given factor - inputs (factors of production) of the first category, the magnitude of goods and services and their quality depend on the quality of such human resources. In the present day society, the need for well developed and qualified human resources is being felt very profoundly to successfully face cut-throat competition. This is because the modern commercial and industrial scenario is characterized by mega-sized organizations, global competitions, innovative and newer wide variety of goods and services and ever changing technology. In this situation, the development of human resources has assumed more significance so as to understand and use ever - changing technology and to do the job effectively and efficiently, eventually leading to...
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...Golden Acres Road, Corner Misamis St. Bago Bantay Quezon City Golden Acres Road, Corner Misamis St. Bago Bantay Quezon City Quezon City Science High School Quezon City Science High School Vinegar, Copper Wire, and Zinc Nail as an Alternative Power Source Leader: Calipay, Issabone F. Members: Callada, Peter Ivan B. Kasilag, Ian Michael 8- Pascal Febuary 2015 GROUP 7 CHAPER II REVIEW OF RELATED LITERATURE The review of literature for this study focuses on procedures on making power source. The review focuses on the number of light bulbs the vinegar can power. The chapter begins with finding some people who lack power source, followed by the findings of researchers on some information about vinegar, zinc nail and copper wire. What is Vinegar? Vinegar is a liquid consisting mainly of acetic acid (CH3COOH) and water. Vinegar is now mainly used as a cooking ingredients, but historically, asa the most easily available mild acid, it had a great variet of industrial, medical, and domestic uses, some of which are still promoted today. The history of vinegar is actually by accident, but according to legends, Babylonians used vinegar as a cleaning agent. The Babylonians later discovered that vinegars slows or stop the action of bacteria that spoils the food and so they started using it as a preservative. Vinegar is a totally natural food. There are no harmful chemicals or preservatives in fact vinegar is a preservative itself. Vinegar...
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...Supplier Selection by Damian Beil Stephen M. Ross School of Business July 2009 Abstract: Supplier selection is the process by which firms identify, evaluate, and contract with suppliers. The supplier selection process deploys a tremendous amount of a firm’s financial resources. In return, firms expect significant benefits from contracting with suppliers offering high value. This article describes the typical steps of supplier selection processes: identifying suppliers, soliciting information from suppliers, setting contract terms, negotiating with suppliers, and evaluating suppliers. It highlights why each step is important, how the steps are interrelated, and how the resulting complexity provides fertile ground for ORMS research. Today the average U.S. manufacturer spends roughly half its revenue to purchase goods and services [1]. This makes a company’s success dependent on their interactions with suppliers. The role of procurement managers (buyers) within companies has become extremely important, often involving staggering dollar values: A recent cross-industry survey of companies — in areas ranging from aerospace to semiconductors — placed companies’ average total spend per procurement employee at $115 million [2]. With so much of a company’s money on the line, and increasing reliance on outsourcing of many complex services and products, the job of a buyer is not only important but also challenging. Buyers must define and measure what “best value” means for the buying organization...
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...Supplier Selection by Damian Beil Stephen M. Ross School of Business July 2009 Abstract: Supplier selection is the process by which firms identify, evaluate, and contract with suppliers. The supplier selection process deploys a tremendous amount of a firm’s financial resources. In return, firms expect significant benefits from contracting with suppliers offering high value. This article describes the typical steps of supplier selection processes: identifying suppliers, soliciting information from suppliers, setting contract terms, negotiating with suppliers, and evaluating suppliers. It highlights why each step is important, how the steps are interrelated, and how the resulting complexity provides fertile ground for ORMS research. Today the average U.S. manufacturer spends roughly half its revenue to purchase goods and services [1]. This makes a company’s success dependent on their interactions with suppliers. The role of procurement managers (buyers) within companies has become extremely important, often involving staggering dollar values: A recent cross-industry survey of companies — in areas ranging from aerospace to semiconductors — placed companies’ average total spend per procurement employee at $115 million [2]. With so much of a company’s money on the line, and increasing reliance on outsourcing of many complex services and products, the job of a buyer is not only important but also challenging. Buyers must define and measure what “best value” means for the buying organization...
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...Chapter I INTRODUCTION Background of the Study Although pain is a universal experience, its exact nature remains a mystery. It is known that pain is highly subjective and individual and that it is one of the body’s defense mechanisms that indicate a problem. Unrelieved pain presents both physiologic and psychologic dangers to health and recovery. McCaffery 1999, defines pain as “whatever the experiencing person says it is, existing whenever he (or she) says it does.” Basic to this definition is the care provider’s willingness to believe that the client is experiencing pain and that the client is the real authority on that pain. Health care professionals recently have focused on the positive effects of humor and laughter on health and disease. Humor involves the ability to discover, express, or appreciate the comical or absurdly incongruous, to be amused by one’s own imperfections or the whimsical aspects of life, and to see the funny side of an otherwise serious situation. Humor in nursing is defined as helping the client “to perceive, appreciate, and express what is funny, amusing, or ludicrous in order to establish relationships, relieve tension, release anger, facilitate learning, or cope with a painful feeling” (McCloskey 2000). Many health care settings are now interested in providing humor as a caring skill and have recognized that “laughter is the best medicine.” “Humor rooms” are being created for clients and staff that are supplied with...
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...ALBERT MAINGI MUSYOKA D61/63378/2010 DAC: 606 ADVANCED ACCOUNTING SEMINAR A TERM PAPER PRESENTED FOR THE PARTIAL FULFILMENT OF THE MASTER OF BUSINESS ADMINISTRATION UNIVERSITY OF NAIROBI JANUARY – APRIL 2012 Contents SUMMARY OF TERMS 3 ABSTRACT 4 STATEMENT OF THE PROBLEM 5 LITERATURE REVIEW 6 a. Introduction 6 b. The Need for an Audit 7 c. Risk of fraud 8 d. The Auditor-Investor ''Expectation Gap'' 9 e. Auditing Profession and Challenges 9 f. Public opinion 10 g. Family or Personal Relationship 10 h. Integrity 11 i. Inherent limitations of an audit. 11 j. Responsibility of Auditors to Third Parties – Case Law 12 k. International, Assurance Auditing, Standards Board (IAASB) 14 CORPORATE FRAUD CASES 16 CASE STUDY: 21 CONCLUSIONS………………………………………………………………………………24 REFERENCES……………………………………………………………………………..….25 SUMMARY OF TERMS ISA: International standards of Audit KPC: Kenya Pipeline Company IAASB: International Assurance Audit Board IFAC: International Federation of Accounting USD: United States Dollar KCB: Kenya Commercial Bank BCCI: Bank of Credit International SEC: Securities and Exchange Commission ABSTRACT The way in which auditors perform their duties and the auditing profession in general raises questions and puts the auditors on the spotlight from clients who rely on their reports. Questions on whether the public trust the way auditors perform their secondary duty of detecting errors and frauds, the reliability, completeness and...
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...A STUDY ON EMPLOYEE MOTIVATION CHAPTER-1 1.1 INTRODUCTION The project work entitled a STUDY ON EMPLOYEE MOTIVATION with special reference to Hyderabad Industries Ltd; Thrissur is mainly conducted to identify the factors which will motivate the employees and the organizational functions in Hyderabad Industries Ltd, Thrissur. Management’s basic job is the effective utilization of human resources for achievements of organizational objectives. The personnel management is concerned with organizing human resources in such a way to get maximum output to the enterprise and to develop the talent of people at work to the fullest satisfaction. Motivation implies that one person, in organization context a manager, includes another, say an employee, to engage in action by ensuring that a channel to satisfy those needs and aspirations becomes available to the person. In addition to this, the strong needs in a direction that is satisfying to the latent needs in employees and harness them in a manner that would be functional for the organization. Employee motivation is one of the major issues faced by every organization. It is the major task of every manager to motivate his subordinates or to create the ‘will to work’ among the subordinates. It should also be remembered that a worker may be immensely capable of doing some work; nothing can be achieved if he is not willing to work. A manager has to make appropriate use of motivation to enthuse the employees to follow them. Hence this studies...
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...LEAD USER PROJECT HANDBOOK: A practical guide for lead user project teams INDUSTRIAL PRODUCTS AND SERVICES CONSUMER PRODUCTS AND SERVICES PROFESSIONAL PRODUCTS AND SERVICES Joan Churchill • Eric von Hippel • Mary Sonnack PREFACE When Joan Churchill, Mary Sonnack and I were doing lead user projects for our research in the 1990’s, we needed some standardized training materials for lead user project teams. We therefore wrote this handbook, and progressively revised it based upon field experience. Our final revisions were made in 1998. Then, our manuscript just sat there, as we all went on to other work. It is now 2009, and researchers and practitioners have learned a great deal more than we knew in 1998 about lead users, and how to run lead user projects. In a year or two, we expect that completely new handbooks will supersede this one. In particular, we are eagerly looking forward to one now being planned by Professors Christoph Hienerth and Marion Poetz of Copenhagen Business School. Still, while we are waiting for newer materials, we think that lead user teams, consultants, and teachers may well find something of value in what we wrote 10 years ago. Accordingly we are posting this book on the Web under a Creative Commons license that permits free downloading. It can be used in conjunction with 6 short lead user project training videos developed by Joan Churchill. These are also available on the Web for free downloading from http://mit.edu/evhippel/www/index...
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