...Synopsis Inner-City Paint Corporation started in Chicago in a run-down warehouse by Stanley Walsh. They supply the paint to the immediate inner area. The main product of the corporation is the flat white wall paint; and they create colors only by demand. The company distributes mainly to the small/medium size decorating companies within the city. The company has shown gradual good market group within years. Inner-City Paint has grown from earning $60,000 yearly to now having sales of over $1,800,000 and from beginning with 2 employees to 38 within a 5-year time span. II. Problems At Inner-City Paint problems are seen all throughout the company. The layout of the warehouse is mostly devoted to the manufacturing and storage of paint supplies. Less than 850 square feet is assigned as office space to generate new and current business. The inventory records are not kept and the manger keeps a mental count of what the stock levels are. When items are being shipped they are written out on a lined yellow pad and not documented on a computer or secondary back up. Every record in the warehouse is processed manually. Mr. Walsh the President has many responsibilities that should be expunged to other employees such as, open all mail, approve payments, inspect customer billing, sales and public relations work. He is also the only sales man because he feels that other employees can not be trusted. Having all these responsibilities he has been unable to detach himself from any detail...
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...Strategic Management Στέφανος Αλβανός ------------------------------------------------- ------------------------------------------------- Inner-City Paint Corporation (Revised) ------------------------------------------------- by Donald F. Kuratko and Norman J. Gierlasinski Δευτέρα 19 Μαρτίου 2013 Παρουσίαση της επιχειρηματικής μονάδας Inner-City Paint Corporation Υπάρχουσα κατάσταση με μια ματιά Η εταιρεία “Inner-City Paint Corporation” εδρεύει σε μια παλιά μικρή αποθήκη στη νότια πλευρά του Σικάγου από την ημέρα της ίδρυσης της, την οποία υπενοικιάζει (leasing) για τις ανάγκες λειτουργίας της. Ιδρύθηκε πριν από πέντε χρόνια από τον Stanley Walsh και αποτελεί μια μικρή (οικογενειακή) επιχείρηση που δραστηριοποιείται στον κλάδο παρασκευής χρωμάτων οικοδομής, κατασκευάζοντας χρώματα τοίχου (μπογιές) οι οποίες πωλούνται σε πλαστικά δοχεία χωρητικότητας 5 και 55 γαλονιών, αντίστοιχα. Το κυρίαρχο προϊόν της είναι ένα χρώμα τοίχου που πωλείται σε δοχεία χωρητικότητας 5 γαλονιών, το οποίο διατίθεται στην περιοχή του Σικάγου, κυρίως σε καταστήματα διακόσμησης μικρού και μεσαίου μεγέθους. Ο κύριος S.Walsh είναι ο πρόεδρος της εταιρείας και ταυτόχρονα κύριος μέτοχος και ο μόνος που ασχολείται με τις πωλήσεις της (σε όλο τους το εύρος), για αυτό και δαπανά το μεγαλύτερο μέρος του χρόνου του σε αυτή την ιδιότητα. Ο μισθός του είναι 132.000 δολάρια ετησίως. Πέραν του κυρίου Walsh, στην εταιρεία απασχολούνται η μητέρα του, Mary Walsh, ως διευθύντρια με ετήσιες απολαβές...
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...Summary: Inner-City Paint Corporation is a small company that had steady growth. However, the slow down of the housing market in addition to an overall slow down in the economy caused financial difficulties for the company. Although the company has a few strengths and has a reputation for fast delivery, Mr. Walsh is overlooking a lot of opportunities that could solve his financial problems. He is also very reluctant to change his policies, procedures, management and financial structure which are also negatively affecting his business in terms of growth and development. Statement of the problem: What are the strategic steps that Mr. Walsh can make to improve the financial situation and reputation of Inner-City Paint Corporation? Strategic Factors affecting Inner-City Paint Corporation: • Environment: Mr. Walsh manages the company the same way he did when he started the company. He doesn’t delegate or empower employees. He also doesn’t have a policy around recruiting and hiring the right employees for the job that is affecting the growth of the company because he can’t trust hiring new salesmen he is losing an opportunity to penetrate the market and getting a bigger share, the same issue exists with hiring unskilled laborers that is affecting his productivity level and the opportunity to serve larger clients and getting larger orders. • Product: Mr. Walsh didn’t anticipate possible change in the external environment; he also didn’t have a strategic plan for company...
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...Summary Buy Them Out! Chuck Wants Poorer Jamaicans Removed From Lands With Rich Potential Published:Wednesday | September 2, 2015 by Daraine Luton The Simpson Miller Government is being urged to consider leading a process of renewal in Jamaica's inner cities by purchasing, on a large scale, property owned by poor people and selling them to developers to build housing solutions for middle-class and affluent people. Delroy Chuck, the member of parliament for North East St Andrew said the State should lead the way in removing the less affluent persons, thus paving the way for development. "It might not be a bad idea for the Government to declare certain depressed areas, especially in Kingston and St Andrew, to be development areas. Take a five acre, buy out the people and let private developers bid in order to put in some housing developments," Chuck said. When Luther Buchanan government member asked what would happen to the people who once occupied the lands in the depressed areas? "You buy them out and they go elsewhere," Chuck said. He continued: "What is happening now is that the private developer is able to buy either one or two acres, and they are putting up apartments and town houses and this ad hoc development is creating havoc in many communities, especially in North East St Andrew." Robinson said Vineyard Town and Woodford Park, for example, had seen their housing stock deteriorate because many residents cannot afford to maintain them. "They feel that the State must...
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...Poverty in African Americans in Inner Cities Branson Ping Indiana University-Purdue University Columbus There are many health disparities in society today. There are disparities between different genders, sexual orientation, location of living, disabilities, and most importantly, socioeconomic status (Healthy People 2020). Of these, this paper will focus on the African-American inner city lower socioeconomic status. Although this population is seen as minuscule when looking at the nation as a whole, the United States government does a less than stellar job at evening the playing field for these individuals. According to the Center for Disease Control, in 2013 the people who identified themselves as African-American mixed race was 15.2% of the United States population and...
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...Case 24 Inner-City Paint Corporation (Revised) I. Synopsis Inner-City Paint Corporation started in Chicago in a run-down warehouse by Stanley Walsh. They supply the paint to the immediate inner area. The main product of the corporation is the flat white wall paint; and they create colors only by demand. The company distributes mainly to the small/medium size decorating companies within the city. The company has shown gradual good market group within years. Inner-City Paint has grown from earning $60,000 yearly to now having sales of over $1,800,000 and from beginning with 2 employees to 38 within a 5-year time span. II. Problems At Inner-City Paint problems are seen all throughout the company. The layout of the warehouse is mostly devoted to the manufacturing and storage of paint supplies. Less than 850 square feet is assigned as office space to generate new and current business. The inventory records are not kept and the manger keeps a mental count of what the stock levels are. When items are being shipped they are written out on a lined yellow pad and not documented on a computer or secondary back up. Every record in the warehouse is processed manually. Mr. Walsh the President has many responsibilities that should be expunged to other employees such as, open all mail, approve payments, inspect customer billing, sales and public relations work. He is also the only sales man because he feels that other employees can not be trusted. Having all these responsibilities he has...
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...problem. The author tries to straddle both sides by giving views on each, but in my opinion, Jamaica’s economic growth does not lie in one or the other. It is not as simple as saying the government should focus on one and not the other. Focusing on education will create the middle ground that will fertilise the seed of economic growth. The article points to the hopelessness and despair the poorer citizens in the Jamaican society feel. This hopelessness sometimes lead to behavior that might seem degenerate and wrong to other parties in the society, but are normal and accepted in the Inner-City. The problem becomes bigger when these behaviors extend to the public environs of the society and to make matters worse actually witnessing these “immoral” behavior have become increasingly frequent. Along with feelings of hopelessness, the article also alludes to anger and frustration among Inner-City youths. This stems from their perception that the government has not provided any infrastructure or systems in place to enable their independence. The economy is the reason they behave the way they do, because it doesn’t provide any other options. But how will economic development change the behavior of a youth whose reality is twisted? If the government opens a factory in the middle of March Pen Road, will all youths and adults in the area seek jobs there? Will the crime in the area decrease? If that is reciprocated islandwide, will the crime in Jamaica decrease? I am of the opinion...
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...On September 12, 2002 twenty at risk young boys from the dangerous streets of inner-city Baltimore left their homes in order to pursue better opportunities and to attend the 7th and 8th grade at The Baraka School. This school is an experimental boarding school located in Kenya, East Africa. At the Baraka school, the boys were faced with a strict academic and disciplinary program. However, it wasn’t just all work and no play, the boys were given the opportunity to be normal teenagers without succumbing to the pressures of the streets. This documentary puts a face to a human statistic, 61 percent of Baltimore's African-American boys fail to graduate from high school and 50 percent of them go on to jail. The streets of inner-city Baltimore are ruled by drug dealers, families broken by addiction and prison and a public school system surrendered to chaos....
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...African-American, Hispanic, Asian, and new immigrants entering the workforce and achieving management positions and wealth. Working with clients and government in establishing emerging market opportunities, my firm uses a tool called a “leakage analysis” to measure local demand for products and services. Our studies often find that for certain products and services, some emerging markets often have higher sales potential than suburban markets. If the demand is there, why are these markets still relatively underdeveloped for branded retailers and service providers? The answer is really quite simple: Other opportunities seemed better. Expansion was booming and except for the fast feeders, most branded chains took the easier path and avoided the inner cities. Companies also avoided these markets because of the perceptions, the fear of crime (which has dropped dramatically as the economy has improved), possibly some underlying bigotry, and a reality that potential franchisees for these opportunities were not as easily available as in the suburbs. The...
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...residents below the poverty line is roughly 3 million more than those residing within inner city neighborhoods. During the 2000s, many low-income families began relocating to suburban neighborhoods, in hopes to remain gainfully employed in the area. As a result of the housing boom, several poor people obtained positions with construction companies in the suburbs and moved from inner cities, to the suburbs. Others were moving to suburban areas to obtain positions (even low-wage) in customer service, retail, and restaurant businesses (Luhby, 2013, para. 6). Once the Great Recession occurred, the suburban poverty dilemma increased, causing construction companies and other businesses to close. Many in poverty were left without jobs and several middle-class families were forced into poverty as well. Some critics believe the suburbs are not suited for the increasing rise of suburban residents in poverty. Most of the $82 billion funding from the government, used to aid those in poverty, is given to cities (Luhby, 2013, para. 7). Therefore, there is a growing concern as to what may happen next. The increase in suburban poverty can raise many concerns and is of great significance to our economy, if we wish to continue growing. Having poor populations on the rise, at such shocking rates, will only be detrimental to our economy and society as a whole. Although many suburban residents gave up their city homes and relocated for employment, they...
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...Last summer, Kloss launched her own two-week summer coding camp for teenage girls aged 13 to 18 in New York, Los Angeles and her hometown of St. Louis. She named it Coding with Klossy. Kloss helped pick the candidates, as well as select the teachers, and design the curriculum. The graduates to the camp have gone on to win hackathons and land places at Ivy League universities. In June, the program extended to 12 more cities in the U.S. With plans to go even...
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...The Philadelphia's inner-city teens have no respect, no manners, no guidelines, no direction whatsoever. And it’s not only the negative African-American ones. As some people say, they’re not the only ones to blame. In this book, I focus more on them because of our history, thoughts of other negative people from other races on brown-skinned people, and also the bad behavior of those negative brown-skinned teenagers and adults who, as human beings, have closed the doors of opportunities and the progress of such a race. Those Philadelphia's inner-city teens don’t know how to follow any rules or instructions, and have no moral standards. Therefore, they have no manners, no respect. They take everything for granted, and have a very nasty and negative attitude—they’re so ghetto....
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...C. CAPITAL GAINS AND LOSSES 1. The concept of ordinary assets. Ordinary assets are: 1) Stock in trade of the taxpayer or other properties of a kind which would properly be included in the inventory of the taxpayer 2) Property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. 3) Property used in the trade or business and subject to depreciation 4) Real property used in trade or business 2. The concept of capital assets. Capital Assets include all property held by the taxpayer whether or not connected in trade or business but not including those enumerated above as ordinary assets. 3. The importance of knowing whether an asset is capital or ordinary. It is important to determine the correct classification of an asset on account of the preferential tax treatment given to gains or losses from sales or exchanges of capital assets which does not apply to the gains or losses from sales or exchanges of ordinary assets. 4. Capital gain * It is the gain derived from the sales or exchange of capital assets. 5. Capital loss * It is the loss incurred from the sale or exchange of capital assets. 6. Net Capital Gain * It is the excess of the gains from sales or exchanges of capital assets over the losses from such sales or exchanges. 7. Net Capital Loss * It is the excess of the losses from sales or exchanges of capital assets over the gains from such sales or exchanges. 8...
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...The Mongolian empire was the largest empire in history. In the thirteenth century, Chinggis Khan melded the multiple Mongol tribes together, forming a powerful alliance. There are many factors that led to the expansion of the Mongolian territory. This paper will discuss the socio-economic and military organization of the Mongols and the factors that caused their acquisition of more land. Chinggis Khan experiences caused him to break up the existing Mongol tribes’ organization. Males that were old enough to fight were forced to join the new military. Instead of choosing political and high military officers based on family relations or their status in their tribes, Chinggis Khan appointed men “because of their talents or their loyalty to him”...
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...Robert L. Worden and Andrea Matles Savada from the Federal Research Division of the Library of Congress, lists techniques used to capture land (Doc 14). All of these methods of fighting in addition to mustering led to the the Mongol’s ability to conquer the colossus amount of land. The Mongol Empire had a very overpowering military, and as a result the Mongols grew in population and landmass. Since the Mongols were nomads for a long time, trade became a crucial necessity to survive, so when it became the Mongol Empire, trade was the main way people obtained resources. Trade was a main cause of the wealth of the Mongol Empire. As specified by historian Charles J. Halperin from the Indiana University, the Mongols “achieved what all Inner Asian steppe empires had dreamed of, control of the continental caravan routes from China to Persia” (Doc 6). The Mongols controlled the caravan trade which gave them easy access to resources for the people, and Mongolian merchants could sell their goods to benefit the wealth of themselves and the empire. Traders in the Mongol Empire were valued for bringing wealth to the society. According to a document from the website The Mongols in World History, Asia for Educators, “In Persia the Mongols granted higher tax breaks and benefits to traders in an effort to promote commerce” (Doc 13). Unlike other dynasties in China, traders and merchants were rewarded instead of demeaned for their work. Although they did not have to work very hard, the work...
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