...U63594427 January 31, 2005 Case Study: South American Adventures Unlimited 1. To what extent does project management apply to Adventures Unlimited? Each one of their tours is an individual project, since each has a beginning, middle, and end, which have classic project phases, including a definition or selection phase, a planning phase, and an execution phase. Project management involves budgeting of resources, and their resources include their administrative staff and tour guides. In addition, project management includes project selection: the Rodriguezes need to be able to accurately anticipate the costs of each tour that they consider undertaking, so that they may make wise decisions about which tours to operate. Project management includes financial analysis, for instance calculating the net present value of each tour that they are considering offering. In addition, since their tours involve many details, the project planning methods taught in project management would be helpful for them as well. Using gantt charts to plan out the details of each tour would help them to avoid problems that they have had in the past, for instance, having missed a train connection in Blanco Puente. Project planning with Gantt charts would also help them to clearly delineate the details involved for each tour, and to be able to not only plan the logistics of each detail, but anticipate the cost of it as well. 2. What kind of training in project management should the Rodriguezes...
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...result in opportunity cost. Economists define scarcity by having seemingly unlimited human wants in a world that has limited resources. Simply put, regardless of the resources available, humans will always want more, therefore, the resources will never be enough. Opportunity costs can be explained in what one thing costs by having another. We have unlimited needs but not unlimited resources so we must constantly make choices about the things most important to us. When we do that, we are weighing the opportunity costs and where we derive the most pleasure or enjoyment. Scarcity and opportunity costs are related because of the unlimited wants with limited resources. It’s a give and take relationship. “If I take ‘A’, I have to forego ‘B’.” Our choices are defined by the resources. As income goes up (capital resource), our opportunity costs might change but scarcity never ceases. Scarcity and shortage are not the same thing. Scarcity exists because humans have unlimited wants regardless of the resources available. A shortage exists because at a given point in time, a shortage of a particular is there because the supply and demand don’t match up. The demand is greater than what the suppliers can or are willing to deliver. Economists cite opportunity costs when they talk about the benefits you could have gotten if you had used an alternative resource. Using alternative resources helps to balance out the difference in opportunity costs and enables users to...
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... |What Do These Notes Cover? | |To have a look at the mind map for this resource, please follow this link. | |If you would like to listen to these notes as an audio recording, please follow this link [2MB]. | Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version. [pic] • Scarce Resources: o Land ▪ Rent o Labour ▪ Wages o Capital ▪ Interest o Enterprise ▪ Profit o Uneven Distribution • The Science of Choice (linked to Scarce Resources) o Value o Utility o Sacrifice ▪ Opportunity Cost How do we sum up the basic economic problem? We all suffer from it and spend most of our lives trying to resolve it. Essentially, the economic problem stems from the fact that as humans, we have unlimited wants and needs. A need is something that can be seen as being essential to survival, such as food, water, shelter and warmth. A want is something that we would like to have but which is not essential to survival - a car, the latest version of the PlayStation, that new top you have...
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... Presentation Date: APR 11, 2016 SELECT ONE CASE STUDY ONLY CASE: 1.0 Web Porn at Work Al Smetana is the founding president of a medium-size, Midwestern manufacturing firm, Rayburn Unlimited. He’s proud of the way his company has grown, and done so on the basis of an organizational culture committed to honesty, integrity and the intrinsic value of each individual. But now those values are being put to the test. It began when Al Smetana learned that an employee had tapped into the company’s computer system and figured out how to read people’s e-mail and to learn what websites they visited. Determining who the culprit was wasn’t difficult. When confronted about it, the employee admitted what he had done. Al Smetana immediately terminated his employment. But as he left, the employee said angrily, “Just ask Lindley about his computer usage,” referring to Craig Lindley, associate vice president for human resources and an old friend of Al Smetana’s. Although Al Smetana did not trust the discharged employee, he was disturbed by his comment and reluctant to let it go. So he called Craig Lindley into his office and asked him about it. After a few minutes of gentle questioning, Craig started weeping. When he recovered himself, he explained that for the past year or so he had been hooked on pornography on the web and at the office sometimes spent an hour or so a day looking at it. Al Smetana asked him whether his wife knew. Craig said she did not. He was too ashamed of...
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... 5 Recommendation 6 Conclusion 8 References 9 RESON: MAKING DEVELOPMENT TEAMS ACCOUNTABLE FOR SHORT PROJECT CYCLES Company Background Reson Company was found in Denmark in 1976. The company used to build world patent and install the equipment that they are specialized in under water acoustics and high power ultrasonic. The company had manufacturing main element for underwater measurement sensor system. Their main customer is the industry of defend. Claus R. Steenstrup is managing director at that time According to Teledyne Technologies Incorporated (2015) nowadays, the company...
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... Presentation Date: OCT 29, 2014 * SELECT ONE CASE STUDY ONLY CASE: 1.0 Web Porn at Work Al Smetana is the founding president of a medium-size, Midwestern manufacturing firm, Rayburn Unlimited. He’s proud of the way his company has grown, and done so on the basis of an organizational culture committed to honesty, integrity and the intrinsic value of each individual. But now those values are being put to the test. It began when Al Smetana learned that an employee had tapped into the company’s computer system and figured out how to read people’s e-mail and to learn what websites they visited. Determining who the culprit was wasn’t difficult. When confronted about it, the employee admitted what he had done. Al Smetana immediately terminated his employment. But as he left, the employee said angrily, “Just ask Lindley about his computer usage,” referring to Craig Lindley, associate vice president for human resources and an old friend of Al Smetana’s. Although Al Smetana did not trust the discharged employee, he was disturbed by his comment and reluctant to let it go. So he called Craig Lindley into his office and asked him about it. After a few minutes of gentle questioning, Craig started weeping. When he recovered himself, he explained that for the past year or so he had been hooked on pornography on the web and at the office sometimes spent an hour or so a day looking at it. Al Smetana asked him whether his wife knew. Craig said she did not. He was too ashamed of...
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...earned media rather than paid media. This paper contents five items: 1. Evaluate the reasons Social Media Marketing has become exceedingly popular among businesses of all sizes. 2. Analyze the advantages and disadvantages of Social Media Marketing for business entrepreneurs. 3. Assess how Social Media Marketing is helping Pepsi gain more customer insight than it would have otherwise. 4. Discuss two other businesses that have used Social Media Marketing to their advantage. 5. Speculate what impact Social Media will have business over the next decade and identify what skills you need to improve to take advantage of the changes. (Nix, Gary Jul 18, 2012) Pepsi Refresh Project Online and interactive media have already changed the nature of advertising. Starting with simple banner ads, Internet advertising has become much more complex and sophisticated. Miniature television screen images, called widgets or gadgets, can carry marketing messages only a few inches high on a Web site, blog, or desktop display. And they contain embedded links to their home sites. Online advertising can take other forms as well example would be viral advertising, which creates a message that is novel or entertaining enough for consumers to forward it to others, spreading it like a virus. The great advantage is that spreading the word online, which often...
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...Gabriel Hess City University of Seattle BC303 – Statistics Greg Judge June 1, 2012 How does the rain affect the work commute for people in the Seattle metropolitan area? Table of Contents Abstract, Objectives, and Sampling Methodology…………………………………3 Sample Demographics………………………………………………………...……4 Time of Day for Commute…………………………………………………………5 Commute Distance…………………………………………………………………7 Commute Method…………………………………………………………..………8 Length of Commute………………………………………………………...………8 Conclusion…………………………………………………………….…………..10 Original Objectives Reviewed…………………………………………………….11 If Unlimited Time and Resources…………………………………………………11 Survey Sample………………………………………………………………….…13 Summary of Responses……………………………………………………..…….15 References…………………………………………………………………..…….20 Abstract, Objectives, and Sampling Methodology Does rain have a significant effect on Seattle area commuters? Seattle has always had a rumor attached to it as being the one of the nation’s rainiest cities. This is actually not the case at all. Ben Miller of Puget Sound Business Journal referred to a recent study, and said that “Mobile, Ala. was the nation's rainiest city. Seattle didn't even make the top 40” (Miller, 2007). It does however rain in small amounts on many days throughout the year, and this trend seems to affect the Seattle area commute in a derogative way. The challenge of getting to work and other appointments on time can be difficult enough when the sun is out, so rainy weather is an unwelcome...
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...The next few questions relate to "Resources". By resources, we mean the financial resources (money) needed to develop and use an innovation (or name of specific innovation). 1. How would you rate the availability of financial resources for implementing (an innovation) in (your organization)? How would you rate the availability of financial resources for implementing (an innovation) in (your organization)? HighAbove AverageAverageBelow AverageLowDon't know / Not Sure | 2. Do you think the financial resources in (your organization) related to (an innovation) are allocated in an appropriate way (i.e., fairly, wisely, in a timely manner)? Do you think the financial resources in (your organization) related to (an innovation) are allocated in an appropriate way (i.e., fairly, wisely, in a timely manner)? Extremely Appropriate - in need of no changesSomewhat Appropriate - in need of only a few minor changesAverage - not bad, but could use some changesNot Appropriate - in need of many changesExtremely Not Appropriate - in need of a complete overhaulDon't know / Not Sure | 3. Do you think the financial resources of (your organization) and the way those resources are allocated act as a barrier or an enabler to the use of (an innovation)? (A barrier makes an innovation harder to implement, an enabler makes an innovation easier to implement) Do you think the financial resources of (your organization) and the way those resources are allocated act as a barrier or an enabler to the...
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...Chapter 1—The Role and Method of Economics MULTIPLE CHOICE 1. What is economics most concerned with? a.|how to reduce inflation| b.|how to profit from trading in the stock market| c.|studying how we allocate scarce resources to satisfy unlimited wants| d.|government taxation and spending| ANS: C PTS: 1 DIF: Easy REF: p. 1 BLM: Knowledge 2. What is the central concern of economics? a.|how to regulate the supply of money| b.|how to reduce the wants of individuals, businesses, and government| c.|how to find more resources to satisfy everyone's wants| d.|how to make the best use of scarce resources to satisfy our unlimited wants| ANS: D PTS: 1 DIF: Easy REF: p. 1 BLM: Knowledge 3. Why is there scarcity? a.|because average costs may exceed average benefits| b.|because human wants are limited| c.|because theory dictates it| d.|because our unlimited wants exceed our limited resources| ANS: D PTS: 1 DIF: Easy REF: p. 1 BLM: Knowledge 4. Why does the problem of scarcity exist? a.|because resources are limited relative to wants| b.|because governments fail to intervene in the market place| c.|because resources are unlimited relative to wants| d.|because the world has many poor people| ANS: A PTS: 1 DIF: Easy REF: p. 1 BLM: Knowledge 5. What does scarcity result from? a.|government decision making| b.|positive economics| c.|wants that exceed the resources necessary to provide them| d.|inappropriate normative judgments| ...
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...and the classification of business activities. You are also aware that these activities are carried out by individuals in an organised form of a business house having different patterns of ownership and management. A single individual may own the business or a number of individuals may come together to own the business jointly. So, based on ownership, we have different forms of business organisation like a proprietary concern, a partnership firm or a company. In this lesson, you will learn about the various forms of business organisation (excluding a joint stock company), their characteristics, merits and limitations, suitability and the steps involved in their formation. Y OBJECTIVES After studying this lesson, you will be able to: • • • • • explain the concept of business organisation; state the meaning and characteristics of Sole Proprietorship, Partnership, Joint Hindu Family Business and Cooperative Societies. identify the merits and limitations of these forms of business organisation; describe the suitability of these forms of business organisation; and explain the steps in the formation of these business organisation. 5.1 BUSINESS ORGANISATION You have already learnt about the meaning of business and the various types of business activities like industry, trade, transport, banking, insurance etc. If you observe these business Business Studies 89 MODULE -2 Business Organisations activities carefully, you will realise that whatever business activity one...
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...Assignment #3 Ducks Unlimited Keystone Conference: Budget Issues Hesham A Aziz BUS 517 Project Management This document presents a discussion about the Ducks Unlimited Keystone Conference: Budget Issues. As a successful Project Manager for Ducks Unlimited (DU), there are always an unforeseen crisis which may arise unexpectedly - either trouble with getting enough money to cover for the project expenses, a time-driven crisis to meet the required target timeline because there may be insufficient fund and resources to achieve the goal for this project - at the right time and scope. All these elements are interrelated. Each must be managed effectively. All must be managed together and carefully integrated together in order to be a success. In this scenario, the new crisis emerged by having slashed almost ¾ of the original budget and reduced the initial plan budget from $1.2 million down to $280.000. In the light of this new information, the budget has created a tough road ahead to carry on this project, but as a successful manager, one has got to “make it work”. Resources – People, equipment and material required. The new plan will require the manager to move around the resources available and regroup people. Time – Task durations, dependencies, and critical path. A new lay out plan to project a new time schedule for a newly slashed budget. Money – Costs, contingencies, profit (if applicable). New budget has been reduced...
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...WHAT ELSE CAN GO WRONG? Joe Van West, President of Appliances Unlimited in Mexico, was thinking about his arrival in Mexico City and his life during the last six months as he was sitting in his office. He remembered getting the phone call late one evening while sitting in front of the TV in his house in Taipei, Taiwan, where he was Operations Manager of the local subsidiary of Appliances Unlimited, a Belgian firm. The phone call was to tell him that Mr. Brian Hodges, the President of the Mexican subsidiary of Appliances Unlimited, had a major heart attack and would retire immediately. Mr. Van West had met Mr. Hodges several times at meetings, but he did not know him very well. The caller, his friend at headquarters, Stijn Verckens, indicated that management at headquarters was looking for a speedy replacement for Hodges, and that Joe Van West should talk to the President of the International Division at Headquarters immediately. Van West had always wanted to run a subsidiary. It would be a great opportunity, and he did tell Verckens that he would think about it. Van West had gotten excellent reviews for his work as Operations Manager in Taipie. He was ready for the next step. He had hoped that there would be an opportunity in Canada or the United States, but he, an American citizen, and his wife, a native of Belgium, had decided a number of years ago that they would go wherever the opportunity presented itself. Van West talked to several people at headquarters, including...
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...University 1/7/2015 Vietnam and the 20th Century Experience 7 January 2015 Understanding History When reading through history it is important to understand the past before you can understand the present. There isn’t a way to know how we got to where we are, without knowing where we’ve been. So when dealing with participants in history it is vital that we thoroughly understand where a specific person came from and what they have done. If we were to study individuals without knowing prior context for example the French in Vietnam; if you begin reading in the middle of our textbook in chapter two you would believe the French were going to be in Vietnam for the long haul and were not going to accept defeat. But in all reality, by the end of chapter two the French had all but surrendered and were overpowered and America was forced to come into Vietnam. From there into Chapter three, its hard to find French presence in Vietnam. So without knowing prior context from chapter three on you would have almost little to no clue that the French had tried to take back Vietnam under a nationalist puppet government. This is why it is so very important to know the context of prior history. I do not believe many people in my age group even know the French were involved in Vietnam; I for one had no information about Vietnam other than it was an unpopular war America was in that left many veterans out in the cold because there was no support. After reading two chapters of the text...
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...1 Copyright declaration 2 Chapter 2 Abstract 3 Chapter 3 Acknowledgements 4 Chapter 4 Table of Contents 5 Chapter 5 Aim of the Project 6 Chapter 6 Introduction 7 Chapter 7 Overview and Research methods 8 Chapter 8 What is Brainstorming? 9 Chapter 9 Rules of Brainstorming 10 Chapter 10 Traditional Brainstorming 11 10.1 Preparation 11 10.1.1 Appoint a suitable Facilitator 11 10.1.2 Suitable Venue & atmosphere 11 10.1.3 Arrange Participants 12 10.1.4 Preparation of Materials 12 10.2 Carrying out the Traditional Brainstorm Session 12 10.2.1 Describe the Problem 12 10.2.2 Time Limit, Rules & Problem 12 10.2.3 Brainstorm 13 10.2.4 Evaluate & Categorize Ideas 13 Chapter 11 Brainstorming on the Internet 15 11.1 Preparation 15 11.2 Carrying out the Brainstorm Session on the Clouds 15 11.2.1 Broaden the problem 15 11.2.3 Present the content 15 11.2.4 Publish to Online media 16 11.2.4 Brainstorming 18 11.2.5 Feedback & evaluation 18 Chapter 12 Benefits of Brainstorming on the Internet 19 12.1 Builds Team from various cultural and races 19 12.2 Unlimited participants for Unlimited Ideas 19 12.3 May not have conflicts between participants 19 12.4 Quick and easier 19 12.5 Saves Time & Resources 20 12.6 Easy Access to Information, Resources & Popularities 20 12.7 Avoid Risks of bad brainstorming session 21 12.8 Filter out the necessary details easily 21 12.9 “Capture better ideas and create better solutions. 21 Chapter 13 Conclusions & Evaluation 22 Chapter...
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