...US Defense budget cuts made by the collaboration of both, Democratic and Republican parties, arose some intense debates all over the media, government officials, and citizens. But most importantly this topic bothers the majority of the military representatives who suffer from unfair treatment and disregard of the priceless work and service to the United States of America. The root of the problem seems to begin in 2011 when President Barak Obama signed Budget Control Act, and Congress passed it. It allowed the bypassing traditional way of funding the Defence Department and led to a considerable diminishing of US Army capabilities. At the same time, major counter countries develop stronger armies, such as Russia, China, and obvious thread of...
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...I. Market/Situation Analysis a. Janmar Coating, Inc. produces and markets a full line of architectural paint and sundries (brushes, rollers, paint removers, and thinners) under the Janmar brand name. b. Market Condition - In 2004 Industry sources estimated that the market for architectural coating had matured and had projected long term sales growth not to surpass 2 percent per year. c. Competitors - Janmar competitors account for 60 percent of sales in architectural coating, which included subdivisions of Sherwin-Williams, Benjamin Moore, Glidden unit of Imperial Chemicals, PPG Industries, Valspar Corporation, Grow Group, and Pratt & Lambert. Architectural coating also faces competition from alternative material like aluminum, vinyl siding, and wood panels. With the increase cost of research and development (R&D) and slow sales growth companies within the paint industry are making mergers and acquisitions to support increasing cost. d. Government - Facing pressure to reduce emission of volatile organic compounds (VOC’s), paint manufactures have to limit the consumption of solvents. The Environmental Projection Agency (EPA) adopted a three-step plan for the reduction of VOCs in architectural coating. Phase one is to reduce 25 percent of VOC’s from base year of 1990, phase two 35 percent in 2000, and finally in phase three, 45 percent by 2003. II. Key Problem a. Key Issue - Janmar’s Executive Board is having a difficult time deciding how and where to implement a...
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...management top heavy. Lafley described this as been too invested in their employees. When a company acquires another company, one is also acquiring the other companies’ management team. Proctor and Gamble over the past century has acquired Folgers Coffee, Norwich Eaton Pharmaceutical, Richard- Vicks, Noxell, Shulton Old Spice, Max Factor and Iams Company. In 2005, Proctor and Gamble also acquired Gillette. No wonder the present management team had to eliminate 9600 management jobs. One of the ramifications of cutting 9,600 jobs is that a competitor may think that Proctor and Gamble is in trouble. Proctor and Gamble was correct in its decision to eliminate 9,600 which cut its payroll. When a company is trying to get fiscally healthy, and looking at ways to cut overhead cost: the first area to look at is the payroll budget. What new markets are recommended to Lafley to pursue? Currently, Proctor and...
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...(“Minimum Wage”). The big question is, should minimum wage be raised? Over the years there have been many protests in Wisconsin because of people thinking that they deserve a higher pay rate. I strongly disagree with this controversial topic of raising minimum wage because it will cause more job layoffs and cut benefits, small businesses can’t afford it, and it will reduce the worker's motivation to get a higher education. $0.25 an hour was the first federal minimum wage in the 1930’s (“Why We Should Not Raise the Minimum Wage”). Although the minimum wage has raised to $7.25 per hour since then, many people still believe it is still not high enough....
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...line (sales growing at 12% per year) positioned to meet the needs of working mothers and professionals; Heart Healthy soups positioned to address concerns of over-50 consumers - Dry soups category is expanding; 2 dry mix packs can be sold in the space of one can, increasing sales potential by 180% - 4 ‘P’s; Promotion: Increase advertising investment in Fast & Simple soup meals and Heart Healthy soup line so as to reinforce awareness and induce trial - 4 ‘P’s; Promotion: Promotional couponing and sampling of hot new flavours, e.g. dry mix Gazpacho (for warmer months) and Teriyaki Beef Fast & Simple meal (for Asian soups category) - Increase advertising and promotion spending of $18 million Pros - $18 million increase will stop slide in sales and market share Cons - $18 million increase will reduce next year’s profits; pressure from CEO, board, stockholders - Spending more on these small lines might not produce the projected sales; breakeven sales? - Competition: Tipha’s products had lower gross profit than the core products - “On-trend” initiatives may not become large category for Brannigan’s because consumers may choose not to change their eating habits (i.e. to eat healthier) Option 2: Acquire product lines to complement the core in growing sectors What - Roarin’ Cajun Foods; ten-bean dry mix soup; Whole Foods; $18 million sales; Estimated EBITDA: $2.8MM - Red Dragon Foods; Southeast Asia and Chinese soups; Safeway, Ralph’s chains; $36 million sales;...
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...VI-Scope and Nature of Services,” and ET Section 102, “Integrity and Objectivity.” SUGGESTED SOLUTION What alternatives are available to Brent in regards to the audit of payables? [1] What are the pros and cons of each alternative? (a) Skip audit steps as Megan suggested, (b) “Eat time” as Scott suggested, (c) Do the job quickly, but do it right and record as many hours as it takes, regardless whether you come in under budget or not, (d) Go talk to John and express your concerns over the matter, (e) Go to John’s “mentor” or supervisor—the engagement manager or partner—to discuss the matter and seek advice. a) Pro: Skipping audit steps will allow Brent to complete the work in less time, thus allowing him to come in under budget and to spend some time with his wife. Con: Skipping audit steps can lead to inaccurate audit decisions. Material misstatements could go unnoticed by the firm, leading to an inaccurate audit opinion. This alternative also raises a serious ethical issue with serious possible consequences for the auditors involved. b) Pro: “Eating time” will mean a lot of extra “off-line” work for Brent, but he will come in under budget and he may be recognized as someone who can get the job done. Con: “Eating time” will create inaccurate and progressively tighter budgets in the future, as the case suggests happened last year....
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...1. This paper will discuss the A-10, the ongoing pursuit to retire it, and pros and cons of keeping it around longer. After going into detail of the pros and cons of prolonging the A-10’s tenure, additional information will be given, further supporting the notion that it is in the Air Force’s best interest to postpone the A-10’s retirement. Some of the pros that will be discussed include reputation, weaponry, and design of the A-10. The cons that will be examined include the integration of the F-35, budgeting, and the aging technology within the A-10. The additional points further supporting the viewpoint of the author will include information relating to budgeting, advancement in A-10 technology packages, and the unequal weaponry of...
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...Situational Analysis A. Industry * The US paint industry is divided into 3 broad segments: * Architectural coatings * Original equipment manufacturing (OEM) coatings * Special-purpose coatings * Architectural coatings account for 43% of total industry dollar sales * OEM coatings represent 35 % of total industry dollar sales * Special-purpose coatings account for 22% of total industry dollar sales * US paint industry is a maturing industry * Industry sales in 2004 were estimated to be slightly over $16 billion. * No new competitors are entering the market, competition decreased by 40% from 1980 to 2004 * The number of paint companies is declining at 2-3% per year * Estimated US sales of architectural paint coverings and sundries are $ 12 billion in 2004 * The 7 biggest companies (Sherwin-Williams, Benjamin Moore, the Glidden unit of Imperial Chemicals, PPG Industries, Valspar Corporation, Grow Group, and Pratt & Lambert) account for 60 % of sales * Architectural coatings are a mature market with long term sales growth projected in the range of 1 -2% per year * Demand depends on: * House redecorating, maintenance, and repair as well as sales of existing homes and home, commercial, and industrial construction * Competition from alternative materials: aluminum and vinyl siding, wall covering, and wood paneling * Development of higher-quality products that reduce the amount of paint necessary...
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...Assignment 6 #3. Give recent examples of forward integration, backward integration, and horizontal integration. A business strategy that involves a form of vertical integration (upstream supplier and downstream buyers) whereby activities are expanded to contain control of the direct distribution of its products. The advantages of forward integration consist of excluding competing suppliers, greater capacity to reach end customers and better admittance to information about end customers. (Example) Forward integration is when a farmer offers his crops at the local market rather than to a distribution center. (Example 2) Dell reaches its customer directly through the internet this cuts out traditional computer stores. Backward integration is vertical integration that combines a core business with its suppliers. The advantages of backward integration may include assurance of the pricing, quality and availability of supplies, and efficiencies gained from coordinating production of supplies with their consumption. A form of vertical integration that involves the purchase of suppliers in order to reduce dependency. (Example) A bakery business bought a wheat farm in order to reduce the risk associated with the dependency on flour. (Example 2) Many grocery stores now have their own brand products to compete the name brand products (less expensive). When a company expands its business into different products that are similar to current lines. Horizontal integration is the widening...
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...Case 3.1 1. The alternatives available to Brent are working at the normal pace, trying to rush the work with the normal sample size, or cut the sample size. If Brent chose to work at the normal pace he would get the best and most accurate result. Being accurate and sure of the results is what Brent’s employer expects out of him. Brent’s next option is “eating time” i.e., working off the clock, and then turning in that he worked the 35 hours to come in at budget. The pro to this option is that Brent does all the work required of him to do a thorough job. The con of doing this is that Brent is working off the clock and giving his time away to the company without compensation. This brings up an ethical problem for both Brent and the company. Brent has a duty to the company to perform services; in return the company has a duty to compensate Brent for the duties performed. Brent’s last option is to cut corners on the work and finish on budget. The pro to this is that Brent comes in on or under budget which has a chance to reflect positively on Brent. Conversely, by cutting corners Brent’s quality of work would surely suffer and the audit team could miss a material misstatement. This could have a major negative impact on Brent’s career if it is found of that his team did not catch an act of fraud or a material misstatement. 2. There are many consequences that could arise from “eating time”. For Brent he would first miss out on pay that he is rightfully entitled to. Furthermore...
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...needs to look at all the pros and cons of both changing the applications and the pros and cons of not changing the applications. First we can look at the pros of changing the IT applications to include a customer loyalty program. A good thing that may come out of changing the IT applications would be that the national chain would hope to keep the customers that the regional chain already has. This would help them to make more money and hopefully make the merger a success. This could also attract new customers that are looking to save money when shopping for their regular groceries. By promoting the customer loyalty program and telling potential customers that if they sign up for the program that they will be saving “x” amount on certain marked products, this will more than likely start to bring in more customers to the national chain because most people are always looking for a way to save money. This will also make the national chain more money because they will have more customers coming in and out of their doors, but they will still be making money off the products that they are selling, but they may not be making as much. A con to changing the IT applications to have a customer loyalty program is that it will cost the national chain a lot of money up front. This might mean that they have to cut funds from some other part of their budget and could throw off their daily order of operations. This could also mean that they need to make personnel cuts and they would probably start...
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...a Business The Partnership There are several pros and cons of the partnership as a form of ownership. These are discussed in the succeeding paragraphs. The pros will be discussed first. The first pro of partnership is the ability to combine resources. When partners join forces towards a common goal, they are able to compliment the weaknesses of one and enhance the strength of others. These resources can come in many forms. Very often, the individual or party with the knowledge or product might not have the capital funding to start the business. They can enter into a partnership with someone who can provide the needed finical resources. The second pro of partnership is the idea of shared risk. When partners start a business, the risk of failure and financial liability is divided and shared amongst owners. The amount or extent of liability of each owner varies with different partnerships. These guidelines are usually outlined by a predefined arrangement. The third pro of a general partnership is that they are easier to form than corporations. According to legalzoom.com, “Another benefit of general partnerships is their simplicity and flexibility. General partnerships are usually less expensive to form and require less paperwork and formalities than corporations, limited partnerships or limited liability partnerships.” The cons will now be discussed. The first con of partnership is the lack of complete “creative freedom...
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...Kane Gibson BTEC level 3 Extended Diploma in Public Services (Uniforms) Unit 1 Government, Policies and the Public Service 14 January 2016 The impact of UK Government Policies on the Public Services Human rights Each UK citizen has certain rights, these include the rights to: Life, Prohibition of torture, Prohibition of slavery and forced labour, Liberty and security, A fair trial, No punishment without law, Respect for private and family life, Freedom of thought, conscience and religion, Freedom of expression, Freedom of assembly and association, Marry, Prohibition of discrimination, Protection of property, Education, Free elections, and Abolition of the death penalty. Environmental Air quality plan for reducing nitrogen dioxide (NO2) in Greater London urban area listing (UK0001) The Air quality plan is setting out what the government will be doing about improving the air quality in London as well as reduce nitrogen dioxide emissions. Another is “River Thames: application for registration of a launch” The government are setting out a registration for a powered boat to be in the river thames. The boats that are not included are Kayaks, canoes, and other non powered boats. The reason for this is to attempt reduction in emissions and other toxic wastes. All boats kept, rented, or let for hire must be registered with the Environment Agency (Inland Waterways) Order 2010 annually to calculate the amount of emissions entering the water. Affecting the military...
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...Trump’s budget reportedly includes a massive one hundred and ninety-three billion dollars cut to the Supplemental Nutrition Assistance Program, also known as food stamps. Over the next ten years slashing its budget by more than twenty-five percent. The food stamp cuts are part of a broader of two hundred and seventy-three billion dollars cut that’s labeled welfare reform. President Trump wants to take SNAP away from families that were poor and are not able to work. SNAP was created to provide people with the help they need to feed themselves and their families, but it was not intended to be a permanent lifestyle. We want to provide the nutrition people need, but we also want to help them transition from government programs, back to work and into lives of independence President Trumps says. He also says, I know people they work three jobs and they live next to somebody who doesn't work at all. The person who's not working at all and has no intention of working at all is making more money and doing better than the person that's working his or her butt off everyday, So we're going to go into welfare reform. How would you feel if you were disabled and you could not go back to work or what about if you couldn’t find a job? You will need that SNAP program to provide food for you and your...
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...Erin Tancos Professor Maureen Mellon-Thompson Omis 34 15 March 2012 My Role as COO 1. Running day-to-day operations of the critical departments of Whole Foods such as production, marketing and sales, and distribution. 2. Establish procedures and processes to ensure smooth operations 3. Provide timely operational information and assistance to the CEO Fiscal Year 2011 Financial Position Sales Revenue Total Expenses Net Income Stock High/Low Earnings Per Share $10,107,787 $9,765,175 $342,612 $73.33/$34.04 $1.96 *All in thousands, except Earnings Per Share. Biggest Challenges in FY 2012 • Improve Distribution Effectiveness • Situation • Whole Foods’ products often travel a greater distance to go from producers and distribution centers to the store, verse their competitors. • Analysis • This map shows where stores are located (houses), in addition to where fresh produce (apple), fish (fish), and meat/dairy (cow) producers are. It can be seen that currently there are many stores a far distance from any producers. In some cases, the nearest producer is multiple states away. It can also be seen that there are large concentrations of producers, but no stores near. • Recommendation • Supply Chain Management System (SRM) • Managing flows of information among stage in a supply chain to maximize total supply chain effectiveness and profitability o Supply Chain Strategy o Supply Chain Partners • Research alternative producers that are closer to stores...
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