...Assignment 1-3 Read and analyze the Private Fitness, Inc. case in Management Control Systems. Write a 2- to 3-page paper that addressing the following. Follow APA guidelines for citations and format for your paper. a. Summarizes the case and provide background information. b. Describes a solution to Rosemary Worth's control problem that emphasizes: 1. Results controls 2. Action controls 3. Personnel/cultural controls c. Makes a recommendation. d. Explains why your recommendation is the best solution. Rosemary Worth opened a small health club which offered personal fitness training and a variety of fitness classes. Rosemary had previously worked as an aerobics instructor and won many fitness competitions. The purpose of opening Private Fitness, Inc. was to increase Rosemary’s standard of living and enable her to have more free time for personal family obligations. Private Fitness, Inc. earned revenue by charging an hour rate for personal training services that varied during peak and nonpeak hours. A fee was also charged for fitness classes. Customers were offered discounts if services were prepaid. Rosemary hired five instructors to run the fitness classes and provide personal training services to clients. The instructors were paid on a commission basis. Rosemary hired Kate, a long time personal friend, as not only an instructor but also a manager of business operations. The business operations Kate was responsible for included:...
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...* Skip to Navigation * Skip to Content TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Search Bottom of Form * Home page » * Business and Management Private Fitness Llc In: Business and Management Private Fitness Llc PRIVATE FITNESS, LLC Background/Issues and Concern: • Acts of Kate with regards to the theft • Rosemary and Kate are long-time friend • Rosemary wanted to increase her standard of hiring by capitalizing on her reputation and knowledge in the growing fitness field and to have more time to spend with her two young children • Rosemary wants to protect her assets Problem Statement: How should Rosemary address her prolem with regards to the situation with Kate as well as in protecting her assets? Point of View: Rosemary Worth, the owner of the Private Fitness, LLC Objectives: 1. to strengthen the controls of the business 2. to eliminate theft and any other kind of fraud which can harm the entity 3. to operate and earn revenues effectively and efficiently Areas of Consideration: 1. The market of their business 2. The acts of Kate 3. The goal of Rosemary 4. Protection of assets 5. Rosemary’s situation Alternative Courses of Action: 1. Fire Kate and hire one of the remaining instructors as a manager Advantages: • Possible thief will...
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...Private Fitness Inc. Group 4 Objectives of Private Fitness Inc. 2 Risk assessment: 2 1、Current situation 2 2、New Risk 2 ①Risk 2 ②Risk level 3 ③Risk treatment[We will give more details later.] 3 Solution 4 1、 Management Structure(personnel and cultural control) 4 2、Progress（Action control） 5 ①Between Rosemary and the non-instructor manager: 5 ②Among the manager, instructors and clients: 5 ③A whistle-blower program 6 3、Motivation and punishment (Result control) 6 Since Private Fitness Inc. is located in an upscale community and provides specific classes to customers, each instructor is valuable and we think Rosemary should forgive Kate and still employ her as an instructor. But Kate is not qualified for the manager position because what she did is a serious ethical problem. Rosemary should hire a non-instructor manager outside, considering the risk we analyzed that a person take instructor and manager position at the same time. For the solution, our group first made a risk assessment and according to this, we will give details in the later part of the article. Objectives of Private Fitness Inc. First, we should identify the overall objective of the Private Fitness Inc., which is a small entity with only 5 employees, is to operate at a profit. Second, we need identify that the problem that Rosemary need to face with is to resolve the fraud made by Kate, which both contributes to the dishonesty and motivation of herself and the...
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...Case 3 – Private Fitness, Inc. Private Fitness, owned by Rosemary Worth is a very good example to show the consequences of lack of internal control procedures. The two major problems she is facing are: I. Protecting business revenue and assets even without her presence. a. No proper recording of revenues and operating expenditures b. No scheduling system for instructors or employees c. Payroll system doesn’t exist d. Limited funds II. To decide what to do with Kate. Following the Controls or the procedures that are briefly explained as follows can solve the first problem of protecting business revenue and assets even without her presence. 1. Maintenance of carbon copy receipt forms, three parts for: * Client – whether customer will take it or not * Instructor – for evaluation of commission * Office – accounting and book keeping aspect 2. Controlling access to cash by limiting access and using a drop safe and access should not be given to the instructors. 3. Provide computer security by including password protection, limited access, and room security. 4. Rosemary needs to personally supervise daily operation and keep account records or hire an accountant. 5. Eliminating unnecessary office supplies and unused services. The second problem of keeping Kate on staff or not? It can be answered by the following facts. * A valuable Instructor * Marketing efforts of Kate had been proving to be...
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...Strategy and Positioning: Fitbit, Inc. Fitbit, Inc. is a private start-up company specializing in consumer electronics related to the health and fitness industry. The company is headquartered in San Francisco, California and was founded in 2007. The Co-founders and managers are James Park and Eric Friedman. Fitbit, Inc. manufactures and markets products which track people’s fitness activities, routines, nutrition and sleep. The founders believe that Fitbit products will help transform people’s lives with these wearable devices that can help people monitor and be inspired to increase their daily routines. According to Fitbit.com, “Eric and James embarked on a journey to create a wearable product that would change the way we move and bring amazing experiences to fitness and health.” These wearable bracelets are Bluetooth and wireless, making them compatible with most smartphones allowing the user to better track and monitor their daily activities. This tracking capability is enhanced by downloading applications from the app stores. Eric and James stated that these bracelets help people become more serious about their health, reaching their health goals while having fun, smiling and feeling empowered (fitbit.com). These products can be purchased online or through other online retailers in the United States. Depending on individual fitness needs, the Fitbit offers many features which are highly desirable in a fitness tracker, it is more sleek, attractive and more affordable...
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...CASE-3 ATLANTIC HOME LOAN: I. Determine which category the case fits into: This case is diagnostic in nature and Albert Fiorini failed in checking the management failures. Based on the case facts, supposed to identify the lapse in control measures and propose solutions to them. II. Describe the case This case is talking about the illegal takeover of company “Atlanta Home Loan” by Albert’s partner cum manager Wilbur Washington. a. What are the facts of the case? ➢ Albert Fiorini (Al) founded a company named “Atlanta Home Loan” (AHL) in April’02. ➢ Recruited several staffs to take care of operations. ➢ After six months, in Sept’02, AL left to complete his MBA. Before leaving, started looking for someone to run his business. ➢ Impressed by Joe’s (one of AHL’s loan officers) performance, Al offered him a partnership. Joe accepted the same and reached a verbal partnership agreement. ➢ Afterwards Al found that conduct of Joe is not good for the company, parted his ways from him. He hired one manager also who lasted only for three days. Joe took away several loan files which did not got closed since August. Joe was also reluctant into returning those files to AHL. This resulted into a great loss of revenues to the AHL. ➢ In desperation, he entered into another written partnership agreement with Wilbur. In desperation, Al gave him all the management rights expect signing authority for checks. ➢ Wilbur without consulting Al used signed...
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...strong value held by many Asian cultures is the importance of one’s health, natural healing, meditation, and spirituality. These core health values within the Indian society alongside the emergence of Western influence on aesthetics, appealing body physique (slim and toned for females, muscular and built for males) serves as a perfect business opportunity for L.A. Fitness to expand into the Indian market. Opening L.A. Fitness in India to promote good health and well-being the “western” way seems fitting to the common “East meets West” motto. L.A. Fitness established in 1984 and has acquired Bally Total Fitness which currently has operations outside of North America in China and Korea. L.A. Fitness has based its strong expansion from its commitment to understanding and meeting the distinct needs of each community they serve. It offers a wide range of amenities beyond the core gym machines/free weights such as swimming pools, tennis courts, hot tubs, saunas, group classes, personal training and most importantly highly trained staff. This allows for a fun, pleasurable and effective workout for all ages and fitness level Our target market will be the young aged, middle class. The Indian middle class is projected to grow over the next two decades from 5% of the population to more than 40% and represent the fifth largest consumer market in the...
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...A Case Analysis of Bally Total Fitness’s External Environment Group 2: Meghan Cree, Sarah Medve, Rachel Hamrick, Jacob Rath, James Wallerstedt, Samuel Kube Due: 01/27/15 Word Count: 2039 Case: Bally Total Fitness By 2004, Bally Total Fitness was a major leader in the $14.1 billion health club industry. With over 400 million facilities worldwide, Bally was the “largest publicly traded health club operator in the United States in 2003” (Wells, John R., 1-7). Bally’s success was fueled by many components including membership revenue, various products and programs, and their recognizable, worldwide image; however, in 2004, Bally faced a major shock to its reputation. Fraudulent accounting practices were discovered and examined, resulting in an uproar from shareholders, complaining of financial misrepresentation. As a result, Bally Total Fitness faced a drop in their stock price, lawsuits from current shareholders, and a damaged repute. The following analysis will evaluate how the general external environment affects Bally Total Fitness, examine Bally Total Fitness’s current standing in the health club industry, options on how to rebuild its status in this industry, and solutions to implement for eliminating any skepticism among shareholders and increasing membership numbers. Macro–Environment Analysis Gym and exercise equipment manufacturers are constantly upgrading current models of exercise machines as well as developing innovative designs...
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...applications in the restoration, maintenance, and promotion of optimal physical function, wellness, fitness and overall quality of life. Physical therapists are essential participants in the health care field as they obtain leadership roles in rehabilitation, prevention, health maintenance, and programs to promote health, wellness, and fitness. (APTA) As a prospective physical therapist, I acknowledge that the methods used in rehabilitation are crucial to the patient’s recovery from injury. The traditional approach to rehabilitation in physical therapy involves increasing range of motion to promote movement, reduce pain, increase skeletal muscle function, and prevent disability (Begalle et al. 2012, Hart et al. 2010). They may “manipulate” a joint by performing passive movements at the end of the patient’s range of motion or massage a muscle. There are other techniques used like electrotherapy, ultrasound, hot packs, and ice. Physical therapists can provide care in a variety of settings which include hospitals, private practices, schools, sports and fitness facilities, and nursing homes. Their responsibilities are not solely limited to working with patients but rather, they take on the role of developing standards for physical therapists’ practice and health care policy that assures availability, accessibility, and optimal delivery. One aspect of physical therapy that, in some cases, is often unrecognized is physical therapists having a background/knowledge in sport psychology or...
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...There are a wide range of companies that have been able to utilize the international market for their benefit but none of them have been as successful as NIKE, Inc. It all started with two men, two men with a passion for track and field and the desire to innovate running shoes. Bill Bowerman, a track and field coach at Oregon University, and Phil Knight, a track and field athlete at Oregon University, teamed together to form “Blue Ribbon Sports” in 1964 which later became “Nike” in 1971. Since they began, they have expanded their products from solely running shoes into athletic shoes for a variety of sports as well as fan gear, workout gear, athletic equipment, and athletic gear for sports teams. Nike has grown from their World Headquarters in Oregon to several branches located in the Netherlands, Shanghai, and Japan. Each headquarter is focused on innovating their products to fit the consumers’ needs in their respected demographic and ultimately grow in those markets. With Nike’s success comes a high demand for their products. As a result of the high demand there are 774 factories located in 42 different countries in North and South America, Australia, Europe, and Asia. A large percentage of the factories are based in the emerging markets like Korea, Indonesia, Vietnam, Brazil, and Argentina. China claims a large percentage of the factories with over 213 compared to the United States with only 65. With the theme of inspiration and innovation, Nike has been able to significantly...
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...Assignment 2: The Value of Digital Privacy Strayer University Law, Ethics and Corporate Governance – LEG 500 1. List and describe at least three (3) technologies that allow an individual to research citizens’ private data. Google Inc. offers what may be the largest and most used tool to search for information over the internet. Their mission statement says it best: “Google’s mission is to organize the world’s information and make it universally accessible and useful.” (Google, Inc., 2013). By typing any word or set of words into the search field, Google is able to bring together information about individuals, businesses; just about any subject imaginable. Google is increasingly used by employers to gather information about job applicants. Private individuals use it to find information about family members, friends, or complete strangers. Features like Google Earth can give you a bird’s-eye view of someone’s home by simply typing in an address, and Google Maps can take you straight to their front door. The global reach of Google Online phone books and reverse directories such as White Pages provide a limited amount of information free of charge, but offer the opportunity to provide more information for a one-time or recurring fee. These directories normally display information such as current and past addresses, possibly phone numbers, age, and household members or relatives. These tools are useful for individuals who are simply looking...
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...Ethical Obligations and Decision Making in Accounting Text and Cases Steven M. Mintz, DBA, CPA Professor of Accounting California Polytechnic State University, San Luis Obispo Roselyn E. Morris, PhD, CPA Chair and Professor of Accounting Texas State University-San Marcos Boston Burr Ridge, IL Dubuque, IA Madison, Wl New York San Francisco St. Louis Bangkok Bogota Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto Table of Contents Chapter 1 Integrity: The Basis for Ethics in Accounting 1 What Is Ethics? 1 Definition 1 Application of Ethical Reasoning in Accounting DigitPrint Case 33 32 Conclusion 34 Discussion Questions 34 Endnotes 36 Chapter 2 Cases 37 2 Case 2-1: A Faulty Budget 38 Case 2-2: Better Boston Beans 39 Case 2-3: Eating Time 40 Case 2-4: Is Internal Whistle-Blowing "Right"? Case 2-5: Play Ball 43 Case 2-6: Supreme Designs, Inc. 44 Case 2- 7: The City of West Buckle 46 Case 2-8: The CPA Review Course 47 Case 2-9: The Ethics ofiPod-ing 48 Case 2-10: The Tax Return 49 Distinguishing between Ethics and Morality Religious and Philosophical Foundations of Ethics 3 Teleology 4 Deontology 6 41 Acting with Integrity Personal Integrity 8 7 The Moral Point of View 7 The Six Pillars of Character.... 8 Trustworthiness 8 Respect 10 Responsibility 10 Fairness 11 Caring 11 Citizenship 12 Chapter 3 Ethical Decision Making in Business 50 What Is Business Ethics...
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...directly from the two-day course. Some edits to the original articles have been made for the Training Guide to flow as a stand-alone reference, provide context for readers, as well stay current with the course format. All original works are preserved in the CrossFit Journal and hotlinks (noted by their blue color) are provided throughout. Copyright © CrossFit, Inc. All Rights Reserved. CrossFit is a registered trademark ‰ of CrossFit, Inc. V2.2-20150514R4.KW V2.3_ 20150525.KW Table of Contents Methodology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Medicine-Ball Cleans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Understanding CrossFit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Glute-Ham Developer Sit-Up. . . . . . . . . . . . . . . . . . . . . . . . . . . 92 Foundations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Nine Foundational Movements Summary . . . . . . . . . . . . . . . . . 95 What is Fitness? (Part 1) . . . . . . . . . . . . . . . . . . . ....
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...BUSI 520 Group Marketing Analysis Project INDEX Introduction 1. Fitbit, Inc Background 2. Market Analysis 3. Positioning, Competition and Branding 4. Services and Pricing 5. Promotions and Marketing Conclusions Introduction This project will cover research done on the Fitbit Ultra, a fitness aid device design to help ambulatory people track their wellness and fitness. The report will open with a brief background and history of Fitbit, Inc and introduce the device features. The second section will cover a Market Analysis of the Fitbit Ultra. Research done on the demographic trends and economic trends that currently impact marketability of the Fitbit Ultra will be discussed. Additionally, consumer’s tastes and preferences, along with cultural factors that influence consumer purchasing of the device will also be covered in this report. Aspects of product positioning, to include social factors, personal factors, psychological factors, and other behavior that would influence a consumer to purchase the Fitbit Ultra will help identify more specific marketing strategies. The next section is devoted to research of the competition. This will include a SWOT analysis and a synopsis of the most competitive brands vying for market share with Fitbit Ultra. Analyzing the target markets and their potential for best customer impact is explored as well. The report will explore branding and services regarding the Fitbit Ultra and the website Fitbit.com...
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...>cases NCRCC: Teeing Up a New Strategic Direction >Abstract NCR Country Club started out as a benefit for thousands of National Cash Register employees. By the late 1990s, those employees were aging rapidly and the core membership needed to be increased. NCRCC offers two golf courses. One is an award winning, championshiphosting course on the PGA tour. But it wasn’t attracting new members, especially younger families. This case is about a membership study done as part of a larger management initiative to evaluate several strategic directions the club might take to expand its membership. www.ncrcountryclub.com >The Scenario Used with permission of Pamela S. Schindler ©2001. NCR Country Club (NCRCC) started in 1954 as an employee benefit of the National Cash Register Co. but is now an open-membership club. This country club located in Kettering, Ohio (near Dayton), hosts two 18-hole golf courses. The NCR South course, a par 71 championship course of 6,824 yards of heavily wooded rolling countryside, the site of the 1996 PGA Championship, the 1986 U.S. Open, and the 1998 U.S. Mid-Amateur, is consistently ranked by Golf Digest as one of the top 100 courses in the United States. The prairie-links style of the North course, a 6,358-yard par 70 course, is considered challenging. In southwestern Ohio, the active golf season usually lasts from May through October. Within a 30-minute radius of NCRCC, the avid golfer will find eight other private golf and country...
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