...Case: Acme Manufacturing Company Case & United Machine Workers Introduction to the case analysis The legal aspect of every contract in business requires critical analysis for every term in accordance to the specifics upon which both parties are involved. The reason for analyzing such terms carefully is because it can become a crucial part in determining the decision making when addressing any business problem. This is generally more important from the perspective of the company management because some situations can result in high intensity and significance for the company. Analyzing the terms of a contract will help avoid any inappropriate or insufficient conclusions when presenting a final resolution in times of a dispute. The case to be evaluated in this assignment is the result from an opposing perception of an issue in which both party’s are involved. The grievance is the result from the opposing views on a subordination matter; that of the management’s perspective and that of the employee. The case to be evaluated can very easily occur in an actual situation and I would like to write this analysis from the management’s perspective. Summary of the issue(s) The problem involves the contradicting views of a legal issue within the union contract reached between our firm, the Acme Manufacturing Company (the company) and the United Machine Workers Union (the union). The parties in question in the dispute are Mrs. Kyla Martin, a machine operator working in...
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.................................................................................... 11 2 Executive Summary In order to design a good system for heat recovery from exhaust air, optimization on cost and performance is the most important. To maximize the performance and reduce the heat cost and annual cost on the recovery system, heat exchangers are the main part for the optimization. The use of the Newton‐Raphson method is the most effective way to find the minimum cost of the recovery system. There are four constraint equations and six unknowns for the given system. MATLAB is used as the main method to solve them. The total cost of the system including initial cost, electrical heating cost, pump power cost, and the component’s cost is $13251 for a year. The initial cost is $7240, which is half of the total...
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...recognition, and measurement. The Boards will give priority to addressing issues that are likely to yield benefits to the Boards in the short term, that is, cross-cutting issues that affect a number of their standards-level agenda projects. Therefore, the first step is to identify and prioritize those cross-cutting issues. Possible examples that the staff have suggested include the meaning and role of reliability; the definition of liability; the meaning of probable; the effect of conditions, contingencies, or other uncertainties; the unit of account; and accounting for contractual rights and obligations, as explained further below. Initially, the Boards will focus on concepts applicable to business entities in the private sector. Later, the Boards will consider the applicability of those concepts to other sectors, beginning with not-for-profit entities in the private sector. The Boards agreed to put the converged framework into a single document,...
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...A Report - Microfridge: The Concept by Group 3A Background and concept of the product In 1987, Mr. Robert Bennett wanted to explore and exploit his idea to combine a refrigerator, freezer, and 500-watt microwave oven into a single unit called “Microfridge”. He is 31 years old and has a Master’s degree in engineering. He had devised electronic circuitry that shut off power to the refrigerator/freezer whenever the microwave was switched on. A hot plate and a refrigerator would draw 20 amps whereas the unit he designed would never pull more than 10 amps of current. Financials To this end, he approached a number of major electronic goods’ manufacturers and Samsung and Sanyo agreed to consider its production. Sanyo offered to provide the product at the rate of $263 per unit. According to them, the estimation of upfront tooling payment was $170,000. Following that, Bennett added $300,000 for the first year of selling and administration hoping he would earn a return of 15% of the selling price (Selling price of $309 on Sanyo’s Landed price). He also is planning to leave his job and use the proceeds of $50000 in funding. Surveys To go ahead with his idea, Bennett approached Boston’s Atlantic Research to conduct interviews with 200 Massachusetts. This gave him an idea about the demand of the product in the market and his end customers’ expectations. His research found that students were interested in the concept of micro-fridge because 90% of the students were using hazardous appliance...
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...rubbing animal products all over themselves. Q2. Process followed to introduce the new product 1) Idea generation a. High price sector b. More profitable, faster growth 2) Concept development a. Perfume section selected out of soaps with medical benefits, perfumed soaps and soaps with cosmetic appeal b. Jasmine has connotations of luxury c. New added benefit- Purity- made from pure vegetable oil 3) Business Analysis a. Feasibility report b. Pricing- Rs. 7.50 per cake 4) Product & Advertising development a. 2 different jasmine perfumes developed b. Product test- Comparison with each other and with Jaimala, 3 panels of consumers consisting of women in the age group of 18-35 years chosen. One of the perfumes was found to be superior to the other and marginally more preferable than Jaimala’s. This perfume was chosen. c. Advertising campaign- focus on purity and luxury 5) Test marketing a. Indore and Hyderabad chosen as test towns- test run 9-12 months b. Indore- assumed to be more responsive to the ‘purity’ benefit c. Objectives- i) Match Jaimala’s market share ii) To emerge with a distinct image of a luxury soap d. Initial support expenditure to promote the brand scaled down. e. Promotion: Launch conference, display contest, advertising in...
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...The moral concept of piety reserves ancient prominence among philosophical theories reminiscent of the Occidental World and Western traditions. The particular dynamic associated with this notion, revered piety as a discrete code of conduct to be upheld in the presence of family, close acquaintances, and native Aristocracies. The subject of piety comes into question during the exclusive interaction that transpires between Socrates and Euthyphro during trial procession in King Archon’s Court. The beginning stages of dialogue become initiated as Socrates addresses Euthyphro to explain his interpretation of piety, where Euthyphro responds by alleging that one component of this idea involves the impeachment of sinners, regardless of acknowledging them as your father, mother, or mere acquaintance. Socrates sought to object Euthyphro’s initial statement, by deeming his assertions as insufficient for he merely identified one facet as an example of a pious act, rather than describing its all-encompassing ideals. Euthyphro then attempts to retract his previous statement by counter arguing that piety encompasses all things that are dear to the gods. Socrates sustains opposition to Euthyphro’s response, in that what the gods consider to be sacred or beloved does not reflect similar perceptive opinion from others. Inadequacies presented throughout Euthyphro’s assertions suggest that the definition Socrates is requiring shall postulate a common basis for agreement. As Socrates grants Euthyphro...
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...aircraft. The propeller is equipped with state-of-the-art electronic control, all composite blades, and individual line-replaceable blades. Compatible with most Allison and Rolls Royce engine installations. NP2000 Maintenance Concept The NP2000 propeller system maintenance concept is based on phase inspections according to the number of flight hours. The interval of these inspections is 500, 1,000, 1,500 flight hours. Because of planning purposes, these phase inspections contain periodic maintenance tasks, which would be otherwise performed according to calendar time. Exceptions are inspections such as Pre-flight inspection, Post-flight, conditional, and turn around inspections that are performed at the (O) level. NP2000 Main Features Main features are introduced below: * Compatible with Allison and Rolls Royce engine installations. * Electronic control. * Individual line replaceable blades. * Reduced maintenance costs. * Fewer mechanical parts. * Higher reliability. * Reduced noise. * Lower vibration. * Reduced feather drag. * Tighter speed governing. NP2000 Basic Data * Diameter 13 ft 5 in * 5100 SHP rating, 5610 SHP growth * 1106 RPM Maintenance Levels A traditional three-level maintenance concept, consisting of Organizational level (O), Intermediate level (I) and Depot level (D) maintenance was adopted for the NP2000. Organizational Level Maintenance The “O” level maintenance is performed by operational units...
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...Tutorials, Posters, Panels and Industrial Contributions at ER 2007 Conceptual Modeling for Virtual Reality Olga De Troyer, Frederic Kleinermann, Bram Pellens, and Wesley Bille WISE Research Lab Vrije Universiteit Brussel Pleinlaan 2, B-1050 Brussel, Belgium {olga.detroyer,frederic.kleinermann,bram.pellens, Wesley.Bille}@vub.ac.be Abstract This paper explores the opportunities and challenges for Conceptual Modeling in the domain of Virtual Reality (VR). VR applications are becoming more feasible due to better and faster hardware, and due to new technology and faster network connections they also start to appear on the Internet. However, the development of such applications is still a specialized, time-consuming and expensive process. By introducing a Conceptual Modeling phase into the development process of VR applications, a number of the obstacles preventing a quick spread of this type of applications can be removed. However, existing Conceptual Modeling techniques are too limited for modeling a VR application in an appropriate way. The paper will show how Conceptual Modeling can be done for VR and how this may make VR more accessible to non VR-specialists. Furthermore, the paper will explain how Conceptual Modeling embedded in a semantic framework can provide the basis for semantically rich VR application, which may be essential for its success in the future and its use in the context of the Semantic Web. The paper will also point to some open research problems.. Keywords:...
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...Question: Should Harbinson recommend further investment in Seven Peaks? This case depicts a typical scenario of any venture capital firm which makes investment in an early stage company. The entrepreneur, Jack Brandon, did demonstrate proof of concept with his titanium-alloy technology for cauterizing; but didn’t even define the commercial viability. Further he introduced more complexity by adding a forceps project to the initial cauterizer project. The investing partners will obviously set high targets for the new money that’s being demanded which will in turn sour the 18 month relationship between Christian Harbinson and Jack Brandon. To begin with, it is necessary to answer the following questions – the opportunity cost of not reinvesting for new project in Seven Peaks, the market size (in units per year), price elasticity, are these premium products that could outsell the existing ones because of superior performance? In my opinion, Brandon should be looking to launch a new and improved version of his cauterizer before exploring the forceps idea. Once it’s a successful product he can consider the cross-selling synergies that would arise from marketing forceps. It has been quite clear that Brandon is not a marketing expert and that why the first product didn’t reach the desired level of success. Seven Peaks essentially need marketing specialists. Harbinson himself needs to take initiative to develop Brandon’s entrepreneurial capabilities. He ask a time period of say 3 months...
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...from the lifestyle, values, hobbies, interests of the entrepreneur (e.g. BodyShop arose from Anita Roddick’s interest in environmentally friendly cosmetic products). However, any initial rough ideas will take a considerable amount of time to develop into actual products, processes or services and will be very different when the idea has been converted into a business opportunity. For entrepreneurs, it is often easier to come up with a variety of ideas for new businesses and more difficult to actually implement those concepts. A business concept is a bridge between an idea and a business plan. It focuses one’s thinking so that the entrepreneur can identify the specifics of his/her proposed venture. Converting an idea into a business concept requires thinking about how the product or service will be sold and who will buy it, the benefits of the product or service, how it is differentiated from similar ones, and methods of delivery. A clear business concept also enables the founder to succinctly describe the precise nature of the business to suppliers, customers, lenders, and resource team members. A good business concept statement will be supported by primary and secondary research. Your task in this assignment is to think of a business idea, and, develop your idea into a business concept statement (often referred to as a feasibility analysis) where the idea is made more tangible. To do this, you need to consider issues such as: • What is the product or service...
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...Session 1 MT5006 Jim White Introductions Product Development Overview Break Project Descriptions Team Activity 30 min 45 min 10 min 20 min 60 min PhD in Electrochemistry from UT Austin (1985) IBM: Research and Development (1985 ‐ 1992) 3M (1992 – 2011) ◦ Semiconductors for Solar Energy Conversion ◦ T J Watson Research Center ◦ ◦ ◦ ◦ DFSS Master Black Belt Electronics Business Technical Director for APAC (Shanghai) 3M Taiwan Technical Director (Taiwan) Electronic Solutions Global Technical Director (Singapore) Adjunct Professor NUS Department of Engineering & Technology Management Founded JRW Consulting (www.jrwconsulting.com.sg) (2011) Enjoy distance running, diving, hiking, photography To prepare you for making business decisions, for new businesses, products and services, by providing you with the necessary knowledge and tools. The Basics Technology &Design The Business Sessions 1‐4 Sessions 5‐8 Sessions 9‐13 NPI Systems QFD Intellectual Property Stage Gate Robust Design Business Models Lean NPD Data Analysis Finance Market Assessment Prototyping Value Chain Predictive Engineering Project Management Technology Planning Portfolio Management Customer Engagement We meet every week from 6 – 9 pm. Be on time!! Each week consists of ◦ Quiz or discussion of projects or case studies ◦ Le...
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... Running Head: INVESTIGATING YOUR OWN MENTAL MODELS 1. 1. Describe the mental model thoroughly, including its origins, how long it has been established, conversations you have heard about it, etc. According to Hrepic (2011), “wider studies of mental model definitions show that no consensus exists about the definition of the term mental model and “some definitions of the concept are even contradictory.” “Canas and Antol”, believe the main reason for disagreements in the definition of the mental model is that the term has been used by researchers who work in different fields and who focused on its different aspects. However, “Van der Veer” believes that although there is no agreement about the exact definition of the concept, in general, “mental model” refers to the internal representations that people form of the environment through their interaction with it”(p. 1). In other words, mental models are believed to be assumptions, beliefs, generalizations even stereotypes of a person’s belief system that is often generated by their experiences. According to Senge (2006), “our mental models determine not only how we make sense of the world, but how we take action. Philosophers have discussed mental models for centuries, going back at least to Plato’s parable of the cave; “The...
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...Version Version 1 XBRL in Plain English www.batavia–xbrl.com XBRL in Plain English A SIMPLIFIED VIEW ON XBRL WWW.BATAVIA-XBRL.COM XBRL™ is a trademark of the American Institute of Certified Public Accountants (“AICPA’) © 2006, 2007 Batavia XBRL BV all rights reserved Postal box 258, 2800 AG, Gouda Phone +31 182 686 816 • Telefax +31 182 686 206 The contents of this publication are protected by Dutch copyright law and international treaties. Unauthorized reproduction of this publication or any portion of it is strictly prohibited. While every precaution has been taken in the preparation of this book, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this book or from the use of programs and source code that may accompany it. In no event shall the publisher and the authors be liable for any loss of profit or any other commercial damage caused or alleged to be caused directly or indirectly by this book. Version Revision Authors : : : 1 1 Jos van der Heiden Index 1 __________________________________________________________________ INTRODUCTION __________________________________________________________________ 1 ________________________________ 1 2 2 4 5 EXPECT ________________________________________________________________ _________________________________ 1.1 WHAT TO EXPECT _________________________________________________________________ XBRL________________________________...
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...Final Group Project Creative Thinking! ! ! ! ! Circle and Cross FINAL GROUP PROJECT - CIRCLE AND CROSS 1 ! About the Company! ! ! ! ! ! Kids@Ease is a blogshop started in 2011 when the owner herself gave birth to a baby girl. The medium for selling is a facebook page. Ever since then, she has been selling to a very constant group of customers, forum friends who also had children at the same time as her. The items being sold on Kids@Ease are things like baby clothes, accessories and toys for babies and toddlers. ! ! ! ! ! ! ! ! ! FINAL GROUP PROJECT - CIRCLE AND CROSS 2 Initial Problem Statement! ! “In what ways might we increase sales for a blog shop selling baby products?”! Firstly, we must question the root of the problem and apply the PCAN model in ! ! order to do so!! ! Why-Why-Why-Why-Why? ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Why are sales low? Not enough customer Why? Why? ! Not enough publicity ! ! ! ! ! ! ! ! Why? Budget constraints on advertising ! ! ! Reputation not established ! ! ! ! FINAL GROUP PROJECT - CIRCLE AND CROSS Why? Blog shop relatively new and small 3 Evaluation! Not enough customers ➙ Need to recruit new customers ➙ Need to increase publicity ! ! ! Since we have found the main root of the problem, we can apply reversed problem statement to come out with creative ideas!! ! ! Revised...
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... What I’m going to call the standard analytic approach (SA) says that: A) The way to answer WK is to analyse the concept of knowledge. B) To analyse the concept of knowledge is to come up with non-circular necessary and sufficient conditions for someone to know that something is the case. Is the standard analytic approach to WK the right approach? If not, what would be a better way of doing things? These are the questions I’m going to tackle here. I want to look at some criticisms of SA and consider the prospects for a different, non-standard analytic approach (NA) to WK. Here is one objection to SA: the concept of knowledge can’t be analysed, at least if analysis is understood in the way that (B) understands it.[i] (B) assumes a reductive conception of analysis, according to which analysing a concept is a matter of breaking it down into more basic concepts. Let’s say that a concept C1 is more basic than another concept C2 just if one can grasp C1 without grasping C2 but one can’t grasp C2 without grasping C1. Proponents of SA tend to assume that concepts like truth, belief, and justification are in this sense more basic than the concept knows and that that is why they can be used to specify non-circular necessary and sufficient conditions for knowing. If it turns out that such conditions can’t be given, and therefore that the concept of knowledge can’t be analysed, the net result of combining (A) and (B) will be to make WK unanswerable. If this question...
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