Report on Volunteer Tourism

Question: Make a STP plan for Australian Tourist Market. Answer: Official Summary This is an examination report on the advancement of a STP or Segmentation, Targeting and Positioning arrangement for the Orangutan Foundation which is really an orangutan preservation association. The different advantages of volunteer visits has been recognized and connected with the STP plan for Orangutan Foundation. Thusly preservation of indigenous habitat alongside the endeavors for creating neighborhood networks and instruct them has been recognized as among the different advantages of volunteer visits. Alongside that the choice method for the Australians inspired by the volunteer visit has been examined with the goal that the most suitable individual can be sent for the equivalent. Along these lines different capacities and pre-imperatives are distinguished in order to choose the Australians who are fit for the activity. Foundation data a. Presentation This is a report on the volunteer the travel industry venture that has been grown additional time in various nations so as to save the indigenous habitat and protect the enthusiasm of the individuals living in the retrogressive or less affordable created regions, districts and nations. In this report the instance of Orangutan establishment has been talked about where the volunteer vacationers are sent from Australia so as to help the honorable aim of safeguarding the earth by fencing the characteristic environment and alongside that supporting the training programs for the nearby occupants. b. About Orangutan Foundation The Orangutan Foundation is an orangutan protection association. The establishment is situated in Central Kalimantan, Indonesia. The Indonesian Borneo runs the volunteer visits in these zone for development of structures and fences to secure the orangutan living in the wild from outcast methodology. This association has been ensuring the characteristic living spaces of different types of orangutan in Asian nations. They additionally work for the improvement of the neighborhood networks and spread of instruction in these zones. This association doesn't just help sparing orangutan yet to perceive their environment in the neighborhood and worldwide networks with the goal that the timberlands can be saved money on which they are so reliant. In this manner endeavors are made in different ways including sparing timberland, saving atmosphere, conveying instruction alongside the sparing and acknowledgment of the Orangutan habitat(OrangutanFoundation, 2015). c. About Volunteer the travel industry Volunteer the travel industry is a rising pattern in the travel industry segment which draws in volunteers from various pieces of the general public to come ahead and work for nature. Interestingly, these volunteers are offered occasions alongside the duty that they are relied upon to convey during the movement. Thusly the volunteers who need to make some life memories of an encounter of helping other people, sparing condition alongside the satisfaction occasions take an interest in such Volunteer Tourism Programs. In Australia, there are various volunteer activities that are offered with the end goal of social inundation, looking for fellowship, offering back to the world and holding openings with the host(Leonard Onyx, 2009). d. Point of report The point of the report is to assess the different advantages that the volunteer the travel industry can respect the Orangutan establishment. Likewise the different techniques for choosing the Australians for the particular reason has been talked about. At last a STP or Segmentation, Targeting and Positioning arrangement has been talked about to make the volunteer the travel industry idea a major accomplishment in Australia by making suitable choices and accomplishment of the ideal objectives in Orangutan establishment. e. Extent of report The Scope of the report incorporates the Australian open, explicitly the individuals keen on volunteer the travel industry ventures. Likewise the extension incorporates the Orangutan establishment extends that are intended to ration common habitat and shield the enthusiasm of the nearby home who need backing of the western individuals to create. At long last the extension remembers the neighborhood individuals for the Indonesian locale which lives close to the region of activity of Orangutan establishment that are given instructive and budgetary help to lead an improved life and find out about the external world. Brief Literature audit Volunteer the travel industry is really sorted out by different Volunteer the travel industry associations with the goal that the potential volunteers can take the advantage in natural and even outward structure from the experience they will have from the offer. Accordingly various reasons influence the choice of the volunteer in tolerating the proposal for volunteer the travel industry which incorporates family holding, accomplishing social drenching and achieving an internal push of having any kind of effect. A portion of the volunteers may even acknowledge the proposal for getting kinship. This volunteer the travel industry are generally made in the creating and immature nations so the social and ecological issues can be managed which rose as a reaction to the Boxing day Tsunami that happened in year 2006 and later the September 11 assaults. Along these lines endeavors are made to bring a degree of comprehension between individuals in various nations by putting resources into diff erent philanthropic activities to help the advancement in the immature nations (Wearing Grabowski, 2011). Various projects for position of college understudies in nations like Fiji, Mexico and Vietnam has been created in the ongoing years. This is because of the explanation that these projects are intended to start and bolster the creating procedure in these nations by the youthful understudies of the western nations. The advantages that are attempted to be accomplished through these International Volunteering and Service activities incorporates instruction advancement, supporting improvement extends and expanding concordance among the western gatherings and individuals in the under creating nation. Along these lines different volunteers are chosen for carrying on with a real existence time involvement with the special seasons that are intended to help the individuals in the immature nations (Palacios, 2010). The travel industry has become a fundamental business in each nation. Through the travel industry different individuals in the nation gets business and hence an opportunity to procure a decent living. Because of this explanation, endeavors are made by the legislature of various nations to accomplish a supportable the travel industry in their separate country(Wong et al., 2014). This incorporates animating the voyagers conduct with the goal that they have an alluring and lavish travel and don't feel hesitant to go to the nation. The volunteer excursions are ascending in the United States as the volunteers needed to move and bolster the individuals in the immature nation alongside making some incredible memories of occasions. The most famous chipping in program in the United States is One Million hours for Haiti (Cohan, 2010). The Canadian government has been putting forth reliable attempts in sending almost 8,500 volunteers to the creating and immature countries since year 2004. The principle objective behind is to assist the nearby NGOs with cooperating in the improvement procedure and accomplish activities of intensity and strengthening through the Voluntary Cooperation Programs (Laywine, 2013). The job of volunteers in the Volunteer Tourism program is along these lines to go about as a change operator. A pre-trip inspiration is really accomplished in these volunteers so they can play out the obligation they are allocated alongside having a significant occasion in the immature nation. Thusly the volunteer visitor alongside the volunteer the travel industry association and host network meet up to arrangement for a vacation that could profit every one of these partners. Along these lines a cusp of chance is made accessible to the volunteer who hasto play out different errands in the various areas in the host nation which is both serving the network and getting a charge out of occasions (Wearing McGhee, 2013). CVA or Conservation Volunteer Australia took different activities in the ongoing years to send volunteer traveler in North Queensland for supporting different volunteer ventures. It was anyway watched the volunteer were really enticed towards going to such chip in ventures since they needed to meet new individuals, watch the regular habitat and take part in an exertion for sparing condition. Thusly the volunteers inspiration towards volunteer the travel industry helped in accomplishing the ideal objective of offering help by the volunteer and getting a charge out of occasions along (Pegg et al., 2014). As of late the volunteerism among the neighborhood network at the Blackwood River Valley in Western Australia has affirmed that individuals need to take part in the improvement ventures. Despite the fact that the absence of time and cash blocks their advancement, however they are internal roused to make immediate or roundabout cooperation in the improvement extends that could bring about improvement of the immature (Alonso Liu, 2013). A gathering of Gray Nomads has been in presence from most recent 50 years who work for the improvement in the rustic zones of Australia. In this way by utilizing scope of aptitudes and ability to chip in different network supporting undertakings these individuals have really accomplished the objective of serving the mankind (Leonard Onyx, 2009). Thusly different specialists and researchers are sent to different country puts so the undertakings of open government assistance can be upheld (Smith, 2009). STP plan for the Australian Tourist Market The STP or Segmentation, focusing on and situating plan through the Australian vacationer showcase focuses on the financial, ecological and social improvement of the host nation. In this manner the Volunteer the travel industry is intended to accomplish advancement of the territories where the volunteers are sent. For our situation the volunteers particularly from college and universities comprising of youthful Australians are sent to focal Kalimantan, Indonesia with the goal that the Orangutan establishment can be upheld as far as building wall and structures to defend the orangutan in the timberland. Likewise endeavors are made to instruct the individuals in this retrogressive r

Amnesty Essay

Since the time we began crusading in 1961, we’ve worked the world over to stop the maltreatment of human rights. Acquittal International †Goals and methodology AI expects to keep up each human’s essential rights as set up under the United Nations Declaration of Human Rights. As per this conviction, Amnesty attempts to: †¢Free all Prisoners of Conscience (a â€Å"POC† is an individual detained for the tranquil exercise of their convictions, which contrasts to some degree from the run of the mill utilization of the term political detainee). †¢Ensure reasonable and brief preliminaries. †¢Abolish all types of torment and abuse of detainees, including the utilization of capital punishment. End state-authorized psychological warfare, killings, and vanishings. Acquittal International attempts to battle singular offenses (e. g. one man detained for circulating prohibited writing in Saudi Arabia) just as progressively broad strategies (e. g. the as of late toppled strategy of executing adolescent wrongdoers in certain U. S. states). Acquittal works principally on the nearby level however its forty-year history of activity and its Nobel Peace Prize give it universal acknowledgment. Most AI individuals use letter-writing to communicate as the need should arise. At the point when the focal Amnesty International association finds and approves agreeable to its examples of human rights misuse, they tell every one of in excess of 7,000 neighborhood bunches just as more than one million autonomous individuals, remembering 300,000 for the United States alone. Gatherings and individuals at that point react by composing letters of dissent and worry to an administration official firmly associated with the case, by and large without referencing Amnesty straightforwardly. Pardon International follows a lack of bias arrangement called the â€Å"country rule† expressing that individuals ought not be dynamic in issues in their own country, which likewise shields them from potential abuse by their own administration. This guideline is additionally applied to scientists and campaigners working for the International Secretariat to forestall household political loyalties impacting inclusion. As of late, Amnesty has extended the extent of its work to incorporate financial, social and social rights, saying that these worries had emerged out of its conventional work on political and social equality. Its 2004 yearly report said that â€Å"it is hard to accomplish feasible advancement towards execution of any one human right in seclusion. †¦ AI will endeavor to †¦ attest a comprehensive perspective on rights assurance. It will be especially essential to do as such according to extraordinary destitution, and the human rights issues basic neediness. â€Å"[2] for instance it attests that â€Å"The right to viable political cooperation relies upon a free media, yet in addition on an informed and proficient populace. â€Å"[3]

Carson City

Carson City Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. The city was laid out in 1858 on the site of Eagle Station, a trading post established (1851) on the immigrant trail from Salt Lake City to California. A supply station for miners in the valley, it achieved importance with the discovery (1859) of the Comstock Lode and became the terminus of the railroad carrying ore. In 1861, when the Territory of Nevada was created, the city was made the capital, and in 1864 it became the state capital. Carson City and Ormsby co. were consolidated into one community in 1969. A U.S. mint, closed in 1893, is now the Nevada State Museum. Lake Tahoe and the Carson River are nearby. The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved. See more Encyclopedia ar ticles on: U.S. Political Geography

Carson City

Carson City Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. The city was laid out in 1858 on the site of Eagle Station, a trading post established (1851) on the immigrant trail from Salt Lake City to California. A supply station for miners in the valley, it achieved importance with the discovery (1859) of the Comstock Lode and became the terminus of the railroad carrying ore. In 1861, when the Territory of Nevada was created, the city was made the capital, and in 1864 it became the state capital. Carson City and Ormsby co. were consolidated into one community in 1969. A U.S. mint, closed in 1893, is now the Nevada State Museum. Lake Tahoe and the Carson River are nearby. The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved. See more Encyclopedia ar ticles on: U.S. Political Geography

French Verbs - To Take - Amener - Prendre

Christian Vs. Public Schools - 1779 Words

Christian girls loved to pray in a group and would like to add individuals to come talk and learn more about the Bible, so the girls had asked a teacher in their school to provide space in a room for religious practices. They then made posters and pamphlets to see who would like to join, but the teachers are not able to teach or hear anything because of their own perspectives and opinions about the Bible lessons. Religion in public schools are not allowed in some countries. Even though individuals have different beliefs or do not believe in religion or in God, they would have to believe in something. On the other hand, others are for religion in public schools. The law is strict about it being acceptable throughout public education, because the way the law and public schools view the similarities and differences might affect the students. Students are offended, bullied, hurt and or even fooled about their looks, personalities and their beliefs. By changing the law and letting teacher s teach the ones who want it or need it, can change the atmosphere around others. Now, nobody talks about religion or their beliefs, which needs to be change. Individuals would like to embed the law to put religion in public schools to let people know the differences and similarities. Public schools should allow religious practices because of the first amendment which involves religion being a part of students’ choices. The Supreme Court is holding back on public schools to teach the practices,Show MoreRelatedCopernicus And The First Pioneers Of Science1525 Words   |  7 Pagesachievement, such as Copernicus, Galileo, and Darwin, we see that with each genius discovery came some outcry from religious groups. Nikolaus Copernicus was one of the first pioneers of science. Until 1540 science had long been a servant of the Christian religion, but Copernicus brought about change, and with that change came persecution. 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Muslims believe, pray, and worship one God, Allah. Similar to how Christians pray by The Holy Bible, Muslims read from a sacred book called Qur’an. Muslim women are customarily seen wearing a scarf over their heads. In the 1920’s, wearing head scarfs was banned. This made it very difficult for women to join the public work force. There are severalRead MorePros and Cons of Teaching Creationism in School1197 Words   |  5 PagesFor this research paper I am going to discuss the pros and the cons about Creationism in school and why I feel that it should be left out of the public school system. Even though I am writing about both sides of the issue, I feel, for most part, that religion should be kept out of schools. I will present both sides of my topic and make a stand on why I feel that religion does not belong in public schools. Some of the pros of Creationism are that students have to think beyond the box. Creationism

The Co Cultural Theory A Wide Range Of Diversity Essay

In New Zealand there is a wide range of diversity. New Zealanders have only recently adjusted to the social acceptance of The LGBT community (Lesbian, Gay, Bisexual, and Transsexual). It is important that we evaluate the implications that the LGBT minority group are faced with. We must use Orbe’s co-cultural theory in order to understand the issues that arise from the dominant heterosexual community. The co-cultural theory was created in order to assist in understanding the various ways in which people who are marginalised traditionally in dominant structures of society, communicate every day. This co-cultural communicative theory is derived from the personal experiences from a range of traditional less privileged cultural groups, which include women, people of colour, the disabled, people from a lower social economic background and gays, lesbians, bisexuals and transgender (Orbe Groscurth, 2006). The co-cultural theory shows an understanding of the ways in which these co-cultural groups discuss their difference in culture with the wider public. These less privileged cultural groups who were traditionally labelled ‘inferior’, communicate in a variety of ways such as using the media and protesting or having their say in a political manner (Cohen Avanzino 2010). There are three approaches of communication; non-assertive, assertive and aggressive. There are also thre e preferred outcomes; assimilation, accommodation and separation (Lapinski Orbe, 2007). A non-assertiveShow MoreRelatedThe Loudest Duck By Laura A1602 Words   |  7 PagesLoudest Duck by Laura A. Liswood, we learn about what it means to be truly diverse and how to obtain this diversity. The book gives many examples of how and why it is important for companies to be diverse. Through this paper I will be outlining the main points the other made and share some of the lessons I feel are important. 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Information Technology Leads to Grow the Business

Question: Discuss about the Information Technology Leads to Grow the Business. Answer: Importance of IT in Business: It has been observed that the organizations which invest in Information Technology, their market shares, financial figures and competitiveness get increased automatically. Recently, online shopping, social networking, digital marketing, cloud computing etc. are the examples of change that come through the information technology. There are number of tools provided by IT to scale up the business of an organization. In todays world, digital marketing is one of the best tools that are used for promoting the products or services in the global market just by sitting at home only. Cloud Computing helps to organize a global organization by managing and monitoring the virtual offices across the world. Using Information Technology in QANTAS has made the life easy as no one has to stand in long queues for any type of enquiries or booking. It reduces the lot of human efforts and time to stand in queues. IT helps this business in the following ways: Communication: Communication is the most important component of IT in business as there is need to maintain interaction between a customer and a supplier. (Richard, n.d.) For e.g, employees of Qantas Airlines may interact through email which a good means of communication to share some information or details for their use. In this way, communication helps in the growth of business and keeps the people connected with each other. Inventory Management: Inventory Management is also one of the most important part of IT in which organizations take care of the stock (kumar, 2014) by keeping enough stock. Qantas Airlines also perform inventory management by enquiring about all the flights with available seats. The inventory for airlines is classified into the service classes and there might be upto 26 booking classes and each class may have different prices and different booking conditions. Inventory control is used to check the availability of seats in different booking classes. Data Management: Data Management (kumar, 2014) is done in order to maintain all the data related to business of an organization. It can be done with the help of various tools. In Qantas Airlines business, there is a need to manage lot of data related to the customers, company, airlines, and much more. Lots of customers visit the website daily and register themselves on the site, lots of customers book the flights daily. So, all the data has to be stored somewhere, data management helps in deciding everything about the data. So, a proper data management should be done. Management Information System: Management Information System (MacKechnie, 2012)is used for companies to track the data of sales, expenses and productivity. It is the information which is used to track profit over time, and to identify where improvement is required. So, in Qantas, it is important to analyze the data to know about its profit. For e.g., it is important to know that which flight is booked most of the times so that accordingly that flight may remain available all the time to earn more and more profit. Customer Relationship Management: Customer Relationship Management (MacKechnie, 2012) helps in building the strong relations between customers and the organization. It is used to capture every interaction that company does with a customer. For e.g., CRM is used to record all the calls between a customer and company so that enriching experience is possible. In Qantas Airlines, Customer support provides several different phone numbers of different countries that provide a call back service. Once a customer calls on that number, they will get a call back from the number and CRM then is used to capture every interaction that a company does with customer. Requirements of Information Technology In Airlines Business: Hardware: Hardware is required in any kind of business. For e.g., to book flights, one needs to have a hardware device like laptop or mobile phone. Software: Software is the most important requirement of an IT because everything is done software. Software is an application that has several functionalities. Software will be required to book flight, check the flight status, track the flight etc. Airlines business usually require an Enterprise Requirement Planning Software which is a business management software used by an organization to store, manage and interpret the data. Training: Training should be provided to users and the staff members about the software so that they could know how to use the software and could not face any difficulty while using it. Data Storage Requirements: A lot of information or data is required to store in an organization. Similarly, in Airlines Business, important data like customer details, flight details, tracking details, booking details etc. has to be stored. So, lot of servers and storage devices will be required in an organization. Usage of IT by Business: Information Technology is used by Business in many ways. Different people use it for different purposes as follows: Staff: Staff of an Airlines Business uses IT to see who has booked the tickets. Staff checks the inventory for availability of seats and accordingly approves the booking and sends the message to the customer whether their booking has been confirmed or not. There are various other duties that a staff has to perform. Other duty of the staff is to check the updates required, so that customer may not face any kind of difficulty. Customers: Customers make use of IT in Airlines Business to book the flights, check availability of seats and flights, track their flight, check their booking details, etc. They are the persons who play a great role in the growth of business. If they are satisfied, business is in its right path of growth. Benefits of bringing Information Technology in Business: Information Technology has made it easy the way Business used to handle everything. It has made lives easier. Some of the benefits that IT has brought to business are as follows: Storing and Protecting Information: Electronic storage system is provided by (Sheahan, 2000) Information Technology to store and protect companys sensitive or confidential information. For e.g., Information Technology has made the lives easier by storing all data into a computer system or specific storage devices instead of storing on paper. In Airlines Business, all the data related to flights, customers are stored to specific electronic storage devices. Automated Process: Information Technology provides automated processes (Sheahan, 2000) for automating some processes so that person may keep on doing other tasks simultaneously. For e.g., in Airlines business, booking process is an automated process. Work Remotely: Remote access is provided by Information technology so that work can be done from home or anywhere. For e.g., Booking of flights can be done anywhere or anytime from a laptop or a phone device. Reduced Effort: Information Technology reduces the human effort to a great extent because with the help of IT, a person does not need to stand in long queues for booking a ticket. Cost Effective: IT in Business Process increases the productivity so it becomes cost effective and provides profit to the company. Creation of more jobs: With the introduction of Information Technology in Business process, it provides offers to the computer programmers, analyst, web designers etc. a great opportunity to work for an organization so that technology may improve more and more. Risks brought by Information Technology in Business: If there are number of benefits brought by Information Technology in Business, then there are chances that it also brings up the risks in Business by Information Technology. Some of the risks brought by Information Technology into Business are as follows: Hardware Failure: There might be a case that if hardware gets some problem or it gets failed, then problem might occur. For e.g., if Airlines industry face hardware failure, then user may find difficulty in booking the flights. Software Failure: Software failure is one of the biggest risk as if software does not perform properly or has some error, then functionalities of software cannot be accessed. Confidentiality: There might be a risk to confidential data of an organization if an attacker attempts to steal the confidential or sensitive information. For e.g., if data is not in encrypted from and sent to the second party for some purpose, then third party i.e. attacker may intercept the data and steal the important information. So, data must always be stored in secure form. Malware: Most of the time PCs or other devices get malwares due to performing work at home. So, proper consideration should be given while working at home as data may be lost, hardware may get impacted and productivity may get lost. Improper Training: Sometimes, training is improper due to which user and employee do not understand how to use the technology and affects the productivity of the business. Maintenance and Monitoring of IT by Business: Business can maintain and monitor IT in several ways. Some of them are explained below: Asset Reporting: Hardware and software assets are monitored 24/7 so that it may be analyzed that what needs to be improved. Security IT Monitoring: Security of hardware is monitored daily so that engineers could reduce the issues before any attacker attempts to exploit it. Automated System IT Monitoring: In this type of monitoring, activities of system are monitored 24/7 so that problems can be identified and corrected before affecting the growth of business. Backup IT Monitoring: Data is one the important asset in an organization, so it necessary to take care of data. That is why, in this kind of monitoring, backup systems are monitored daily so that if there occurs any issues, they could get resolved. Security Patch Management: There is a security patch policy which is implemented on a network and critical patches are then applied automatically to keep the system up to date. Protection from Virus/Malware: For protecting from viruses or malwares, it is necessary to install an industry-based Antivirus or Malware software so that system may remain protected. Wireless Network Security: It is necessary to implement the security on wireless network so that they become invisible and inaccessible for the third parties. This helps in securing data sharing on wireless networks. Conclusion: This reports covers the analysis of an Australia based Airline company which makes use of Information Technology in its company. So, the report covers how information technology plays role in the growth of an airline industry. This report discusses about the various benefits brought by IT in business, who is benefited by IT in business, risks that are brought up by Information Technology into Business, how business can monitor and maintain the Information Technology. References kumar, D. (2014). Information Technology: Roles, Advantages and Disadvantages. 1st ed. [ebook] International Journal of Advanced Research in Computer Science and Software Engineering. Available at: https://www.ijarcsse.com/docs/papers/Volume_4/6_June2014/V4I6-0338.pdf [Accessed 25 May 2016]. Richard, L. (2012). Information Technology Its Uses in Business Management. [online] Smallbusiness.chron.com. Available at: https://smallbusiness.chron.com/information-technology-its-uses-business-management-51648.html [Accessed 25 May 2016]. Business 2 Community. (2015). The Importance of Information Technology In Business Today. [online] Available at: https://www.business2community.com/tech-gadgets/importance-information-technology-business-today-01393380#tY7K79VjFMrpViaQ.97 [Accessed 25 May 2016]. MacKechnie, C. (2012). Information Technology Its Role in the Modern Organization. [online] Smallbusiness.chron.com. Available at: https://smallbusiness.chron.com/information-technology-its-role-modern-organization-1800.html [Accessed 25 May 2016]. Sheahan, K. (2000) What Are the Advantages of Information Technology in Business?. [online] Smallbusiness.chron.com. Available at: https://smallbusiness.chron.com/advantages-information-technology-business-774.html [Accessed 25 May 2016]. Mizoguchi, T. (2012). Information Technology Risks in Todays Environment. 1st ed. [ebook] Deloitte Touche LLP. Available at: https://chapters.theiia.org/san-diego/Documents/Seminars/SD_IIA_ISACA_Event_041112_Deloitte_IA_Top_Ten_Risks.pdf [Accessed 25 May 2016]. Information Technology Group. (n.d.). IT Monitoring and Maintenance - Information Technology Group. [online] Available at: https://www.itgct.com/services/it-monitoring-and-maintenance/ [Accessed 25 May 2016].

Managerial Economics Essay Example

Managerial Economics Essay Managerial Economics Exam at EMBA program at Cotrugli Business School Belgrade Prepared by: Enor Cerimagic Date: January 2013 Managerial Economics Prepared by: Enor Cerimagic CONTENT SECTION A: Question 1 Provide a specific example of a poor decision that cost your company money. Identify the key decision-maker, and explain what happened. Did that person have the right incentives? Did they have sufficient knowledge? Explain how an improvement in incentives mechanisms and/or knowledge systems could prevent similar mistakes being made in future. SECTION B: Question 4 In response to the global financial crisis central banks across the world have cut interest rates. Why? What are the main arguments against rate cuts? SECTION C: Question 5 Many economic commentators believe that the dollar is weak at the moment. Why is this? What are the key drivers of foreign exchange markets? What do you think will happen to the dollar in future? /8 Managerial Economics Prepared by: Enor Cerimagic SECTION A: Question 1 Provide a specific example of a poor decision that cost your company money. Identify the key decision-maker, and explain what happened. Did that person have the right incentives? Did they have sufficient knowledge? Explain how an improvement in incentives mechanisms and/or knowledge systems could prevent similar mistakes being made in future. For almost twelve years I have been working for internatio nal pharmaceutical companies. We will write a custom essay sample on Managerial Economics specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Managerial Economics specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Managerial Economics specifically for you FOR ONLY $16.38 $13.9/page Hire Writer During this period of time with different companies’ philosophies, I have been able to realize that most of business or business related projects, which have been generated and led from regional offices or headquarters, without market specific modifications and inputs were usually, at least, more expensive. Sometimes, it can lead to project failure or project poor results. Local apples or a foreign strawberry does not matter, if result will come, if business opportunities will be recognised, if strategy will be improved and revenue/profit will grow. Although, nice apple and strawberry salad should be able to satisfy both taste and flavour or result and cost. Decision by our Regional manager (RM) has been made to engage consulting agency from Hungary to lead the project of Profiling, Segmenting and Targeting (PST) physicians and pharmacies in Adriatic Region, which includes Bosnia and Herzegovina. Main purpose of project was to determinate clients who will be segmented, related to current strategy, and targeted based on their potential and their adaption stage. Pareto principle (after Vilfredo Pareto, Italian scientists, 1848-1923), which states that 80% of our revenue/profit comes from 20% of our clients, was undisputed project goal for recognition. We have intended to cover 90% of total universe of doctors and pharmacies in country, and to profile them based on their potential and loyalty. In the project, further analysis included also our internal capacity, internal sales results (national and in territories) and market segments value and volume shares (national and in bricks). 00 90 80 70 80/20 RULE SALES 60 50 40 30 20 10 0 0 10 20 30 40 50 60 70 80 90 100 20% CLIENTS 80% RESULTS CLIENTS 3/8 Managerial Economics Prepared by: Enor Cerimagic In preparation stage we have alarmed RM that in BH IMS data (traditional market data in pharmaceutical industry) does not exist with recommendation and suggestion that local agency should be engaged for project execution, what would give us an opportunity to hire the agent based on references (advers e selection) and to monitor further actions. Also, local agencies are operating with valuable market data on daily basis. So, our intention was to decentralise project, but RM insisted on Hungarian agency for entire region. Result project realisation lasted for five months, instead of three, with additional costs for market data from different sources and additional costs of Hungarian agency for analytics and deliverables. Finally, we had to engage local agency for additional consultancies in project. Project itself was finished with costs 25% higher than in the bid, and 56% higher than the local agency’s offer for entire project. Project also included additional work of sales persons with additional, locally adopted, incentive mechanism for motivation. Conclusion RM made the decision although his knowledge about market specifics was not sufficient. Right incentive was questionable, as well. Project described that project costs are unpredictable in case of centralized project with lack of information. This case shows that project decentralisation, with right incentive program for local agency, and adequate (in this case – local) KPI (key performance indicators) would decrease costs in both terms – money and time. 4/8 Managerial Economics Prepared by: Enor Cerimagic SECTION B: Question 4 In response to the global financial crisis central banks across the world have cut interest rates. Why? What are the main arguments against rate cuts? Central Bank look after monetary policy through manages money supply. In theory central bank is using three main tools of monetary policies. First is that central bank has power to create interest rate for lending money to commercial banks, second is to define reserve requirement on bank’s deposit and third is market operations through purchasing or selling assets. With regard to mentioned activities, central bank is able to monitor credit potential of commercial banks in country, to manage financial stability and liquidity in country, to oversee operations of the banking system in country and to be the fiscal agent of government (take care of servicing foreign and domestic obligations). In a time of global crisis and threatened economy growth (decline in economic activity, investment, rising unemployment and general illiquidity), central bank with its instruments of regulation and stimulation of cash flow in country has an obligation and responsibility to influence the policy of commercial banks. The main goal of creating monetary policy of central bank in the current financial crisis is to increase the mass of money in circulation in commercial banks that will serve to increase their loan potential. By increasing the money supply, central bank indirectly intends to generate more investment to the industry as well as to the consumers, what allows faster economical growth and stabilizes liquidity in country. As mentioned, one of significant stimulative monetary policy instrument used by central bank is interest rate policy. Due to decline in economic activity and consequently reduction in investment and consumption, commercial banks are showing more prominent caution in extending credits, what leads to high quantity of money in commercial banks, and less money in circulation. Commercial banks are increasing the mass of deposits held at central bank, which could be higher than the deposit obligation (prescribed by legal regulations). On such deposited funds, commercial banks get a certain interest rate. To indirectly increase the economic growth, central bank is reducing its benchmark interest rate on funds deposited, and stimulating banks to release higher level of money in circulation through loans. Through mentioned activities commercial banks should realize higher interests through earns from the basis of the referral interest rate. In addition to the benchmark interest rate, central bank can influence determination of interbank interest rate. Central bank can lend money to commercial banks, as well. This means that central bank can indirectly affect change in interbank interest rate. Namely, the interest rate at which the central bank lends money to commercial bank is discount rate. Lower central bank discount rate indirectly affects decrease of prime rate. 5/8 Managerial Economics Prepared by: Enor Cerimagic Low discount rate increases the interest of commercial banks to borrow money from central bank, what affects the increasing level of money in circulation and, on the other side, lowers its price (cheaper money) for crediting the economy, population, etc. This means that it will generate lower nominal interest rate to consumer and investment loans. With these activities, mainly with focus on short-term interest rate, central bank is indirectly influencing money supply with intention to boost economy growth and investments, decreasing unemployment and increasing government public works. Most powerful central banks in the world firstly began to apply this type of monetary stimulus. In the second half of 2008 the Fed and the Bank of England began to decrease interest rates dramatically, and these banks ended 2012 with rates of 0. 00% (Fed) and 0. 50% (Bank Engl. ). This type of monetary stimulus was accompanied by many other central banks of the world. However, simulative monetary policy pursued by the central bank through interest rates, as a monetary instrument, if not controlled, can cause negative effects. If there is an increased amount of money in circulation, and on the other hand there is no economic progress, growth in production of goods and services, prices will begin to rise, and lead to significant inflationary disorders. If this stagnation further lead to the lack of major investment in new technology and projects, the entire economy, or the economy of country will become ineffective. Manufacture costs (inputs) start to grow, products’ prices and working costs start to increase, and that all contributes to inflation and multiply inflationary growth. Consequently, money depreciates which can lead to a general financial instability. To keep process in control and do any necessary adjustments in monetary policy or to interest rate, central banks’ committees meet plenty of time a year to review the nation’s economy through essential economic targets and the global financial trends. For instance, the FOMC (Federal Open Market Committee), the branch of Fed, meets eight times a year for reviewing process. 6/8 Managerial Economics Prepared by: Enor Cerimagic SECTION C: Question 5 Many economic commentators believe that the dollar is weak at the moment. Why is this? What are the key drivers of foreign exchange markets? What do you think will happen to the dollar in future? I will start with key drivers of foreign exchange markets. First of all, it is important to emphasize main factors which determinate the foreign exchange markets country’s economic and political situation and Forex market philosophy. Economic situation is assessed with real GDP (nominal GDP adjusted with inflation rate), labor market (unemployment rate, incomes), purchasing power and consumer price index, human potential (described through HDI – human development index / index is conglomerate of human education, expectation, incomes , foreign trade exchange (trade balance report relations between export and import / directly influence GDP level ), index of industrial production, retail sales (measure the sales of retail goods over a time period), public finance policy (fiscal policy, direct and indirect taxis), value of foreign debt and country credit potential. Political stability or instability can generally cre ate positive or negative impacts on economic situation and developments. Stabile government, with vision and responsible activities can influence in stronger investments from abroad or by domestic investors. Elections can be reason for fiscal policy changes, or influence the demands and costs of a certain currency. Marketplace philosophy is simple Foreign currency market is driven by demand and supply! However, some drivers are constantly presented like: Central Banks’ activities- explained in section B Crude oil price some currencies are oil dependant (US, Japan), and if oil price decreases, the import value will decrease what will have a positive impact on countries currency value and its strengths. Price of gold – for currencies of countries which are leaders in gold production and trade, for countries that have gold as a standard for monetary exchange. Additionaly, as current key drivers of foreign exchange markets, I would recognize: Greece situation and threats in Spain, Italy, Portugal Arabic political instability and its implications Further development of BRIC markets 7/8 Managerial Economics Prepared by: Enor Cerimagic The intentional weakening of dollar was logical direction for rescuing the U. S. economy. It was direction for healing serious impairments, like: recession, debt crisis (mostly mortgages / which reduced the amount of money in circulation), rising unemployment and increasing government expenditure on social and health care programs. That is why dollar is cheap, for almost two years. The Fed’s monetary policy has significantly increased the amount of money by reducing the interest rate, which was a sure way to weaken the dollar. Main reasons for weakening dollar were: Decline in general economic activity, especially in the most important branches of the economy real sector – manufacturing, especially car and construction industry, with the highest number of employees, Fear of worsening investor mortgage crisis which has hit most commercial banks and America, A more vulnerable population standard, High state deficit, mostly due to the growing needs of social funds, Ineffective fiscal policy tax incentives from the Bush era (rates of tax benefits were not progressive, ie, dependent on the amount of annual income) and so on. The effects of a falling dollar have affected the growth of U. S. exports due to decrease of prices of US goods on world markets, and the launch of additional production capacities, which resulted in a reduction in unemployment rate from 10% to 7. 8% (December, 2012). However, the weakening dollar has caused the falling confidence in the stability of the U. S. currency on the world market. The U. S. olitical scene is currently looking â€Å"promising†, as well, due to positive trend of monetary and fiscal changes. Support came through â€Å"fiscal package† (adopted in January 2013. ) which, certainly, helped to avoid the â€Å"fiscal cliff†, for the time being. Whether these measures will require some new monetary stimulus package to strengthen the dollar and, what is more important for world stock markets, restore confidence in the U. S. currency, it remains to be seen. There is an ABBA song â€Å"Money, money, money must be funny in the rich men’s world†, and we are speaking about US which hold almost 25% of world economy, its currency which is the most famous Money, which â€Å"believe in God†, which determinate measures for suitcases productions etc. Yes, I believe in dollar, as well! Predictions of the world’s stock exchanges and markets are that the dollar will appreciate, over the next 3, 6 and 9 months primarily in relation to the Euro, Japanese Yen and Chinese Yuan. Why? Primarily because the U. S. conomy is showing significant level of vitality. The economy growth rate in 2012 was 2. 5%. Number of employees increased, so the unemployment rate dropped from 10% at the beginning of 2012 to 7. 8% in December. Furthermore, the U. S. Congress has done and additional move to reduce the deficit. The newly adopted fiscal stimulus package (Jan. 2013 taxing Americans with annual income over $ 400,000) will reduce the defic it. According to analysts, USA will ensure the level economic growth and stability of the dollar, trough these fiscal measures, for the next few months. The Fed entered into a program of new monetary measures timeless-unlimited purchases of long-term government bonds or repurchase banks active assets. With these measures, the Fed â€Å"relaxed† conditions on financial markets and enables banks to invest with less cautions at low rates. Measures should expand investment and consumption and result should be further economic growth, reduction of unemployment, rise of confidence and strengthening of dollar. 8/8

Importance of Requiem essays

Importance of Requiem essays How important is the requiem to the play in content and mood? A requiem is a special ceremony to honour the souls of the dead. In the requiem we see Linda, Biff, Happy and Charley paying their last respect to Willy, who had died earlier on. In many ways, the play has a great significant, as it gives us the opportunity to assess the validity of what Willy said about his funeral and to an extent see the aftermath of his life. Willy believed that his funeral would be as the funeral of Dave Singleman, which was, "Hundreds of salesmen and buyers were at his funeral," which is the way Willy expects his own funeral to be, as he said, earlier in the play, "But the funeral-Ben, the funeral will be massive." In contrary to what Willy believed his funeral wasn't "massive," there were only four people who attended it, Biff, Happy, Linda and Charley, there wasn't any "strange license plates." The belief that he was respected, liked and known becomes clearly unfounded. In some ways the simple funeral can act as a justification to Willy's life, which is based on his dreams of "making it big," was simply just a phony dream and imagination. His philosophy of life of being "well liked," respected and successful, seemed to be unjustified by the absence of people who "respect" him. It also gives a sense that the dream that Willy believed in so deeply, the American dream, doesn't apply top everyone, and that most of the people are just ordinary. Willy, who believes in the greatness of the America dream, never realised that he was just ordinary, despite Biff saying, earlier on, "Will you take that phony dream, and burn it before something happens?" Willy, however remained to live in his dream world, and took Biffs love as a justification of Willy committing suicide. Biff also knew that Willy had the wrong dreams, as he says, "He had the wrong dreams. All, all wrong" Willy also never realised that what is important in life i...

Are Americans Getting Over On Our Welfare System Essay

Are Americans Getting Over On Our Welfare System - Essay Example Even Devilma admits that, if it were not for her son and the recent expiry of her cash aid, she would rather live on welfare than take an entry-level job at McDonald’s, which she considers unsuited to her level of education (economist.com). Thus poses the question, â€Å"Are Americans Getting over on Our Welfare System?† If given the opportunity to have a job which would bring in a source of income so that one would not be solely dependent on federal aid, which in turn would free funds for those who do not have employment opportunities, why not take advantage of it to better your situation? It is in no way equal or fair that some people must work for a living while others sit back and be catered for by other persons’ tax dollars. Seeing things such as this is what persuaded me to really analyze the qualifications, surveys, and federal websites to see if taxpayer’s funds are being taken advantage of (Ramsey, 2010). The research involved analyzing the amount that the low-income earners earn in the US and the amount that people get from the welfare state (Levin, 2011). From my analysis, I realized that most of the people who depend on the welfare state are more comfortable with what they get because they do not work the only receive money for doing nothing (Hewitt, 2012). This is opposed to the people who work hard and only earn a small amount of money that cannot sustain their families. From the analysis, I also found out that most of the people who do not rely on the welfare state are not happy with the initiative. The project was started with an aim of helping the needy. However, with time, the welfare has been exploited and most able people are taking advantage of it. That means that people who have the ability to work do not look for jobs because the welfare state is providing for them some income that they can use to survive. According to a research carried out by Forbes, when the war on poverty began, the poverty levels fell to 1 2.1% (Moore, 2001) However, the poverty level rose to 14.3% in 2009 and it is currently at 16.1%. That means that poverty won the war that was aimed against it. That happened because after the initiative, the poor stopped working so that they can depend on the money from the welfare state. That means that the initiative is currently not helping the poor but rather making them lazy and the poverty levels are rising. Recommendations on the welfare state It would be advisable for the law dealing with the welfare state to be changed. The law should state that only the physically disabled persons should benefit from the money. That will help the able persons to look for jobs. Working to earn a living will make them to be motivated and they will strive to ensure that they satisfy their needs. That will also make them more motivated and that will help them want to achieve more. Since not all people are able to earn white-collar jobs, the government can start up a program that will forward loans to people so that they can start up their own businesses. That means that all the people will be independent. The loans can be formulated in such a way that the financial institutions give the people a grace period of around 6 months before they start repaying the loan. The grace period will help ensure that the business that has been put up is

Sociology Essay Example | Topics and Well Written Essays - 250 words

Sociology - Essay Example The research methods should be realized as means of acting on the environment and their quality can be judged by their ability to yield reliable results. The act of making observations in life is largely dependent on personal fancy, bias, ideological preferences etc. Therefore, the scientific process of building reliability and validity in life is essential and it should be based on the features of discovery and verification. Both discovery and verification are essential components of finding reliability and validity in life. Consequently, the scientific basis of sociology clearly suggests that the discovery process and the issues of verification should be given equal significance in research methods. â€Å"If priority is given to the discovery process, the issues of verification, reliability, and validity become more than technical in nature†¦ If issues of verification are placed above the discovery process, a wedge is driven between the goals and the methods of sociology.â₠¬  (Douglas, 268) In the former case, the quality of research is determined by the public elements, whereas the latter case the goals and the methods of sociology are affected. Therefore, discovery as well as verification should be given equal relevance in finding reliability and validity in life.

Example Essay on CHANGE MANAGEMENT

Example Essay on CHANGE MANAGEMENT Q) What are the strengths and weakness of Kotters 8-stage model, Lewins Planned Change Model, and the Positivist Model? Change management is a planned process for changing a core function or organization of an enterprise. Interestingly, the process of developing taxonomy can result in the need for change. See Quality Assurance (www.twason.com/glossary.html) Change management is important in every project and this change management will help the project to be successful in any business or organization. There are three models which help change management to be successful in an organization or business and further help them to handle them carefully. The three models which explain about the change in an organization are: Lewins model. Kotters 8-stage model. Positive model. Lewins model There three steps of change management in the Lewins model. Unfreezing. Change. Refreezing Unfreezing is a starting process in an organization in which we determine the need of the change, understand and explain why the change is going on and communicate the vision in order to handle change in an organization. In this starting stage of change, the organization should explain the employees why the change is taking place. When this process starts there may be a crisis in the company and the company should balance everything and it is difficult to maintain it among the employees. The second stage is Change and this is a process in which the employee tries to look forward for new ways to do their work and try to accept the new change. This entire change cannot be done overnight and this is a long process. The third stage is Refreeze which helps to re-shape the organization and employees and also find new ways to work in the organization and it also help the organization to gain a change in every- day business life. There should be benefits to the employees who are trying to find new ways to work and the feedback should be taken from the employees regarding the change in the company. Strengths and Weaknesses of lewins model are. The main strength of the lewins model can be specified as easiest and simplest model to implement in any organization. It also helps employees to face new problems and to overcome those. When the change is taken place, the communication between every individual will increase and they work in teams in order to overcome the problems. The weaknesses of this model lead to the crisis in the company and the entire change cannot be done overnight and there may be lot of confusion in the employees and they need to find new ways to do their work. The weaknesses of this model are not in detail. Kotters 8- stage model The 8- stages of kotters model are Create urgency. Form a powerful coalition. Create a vision for change. Communicate the vision. Remove obstacles. Create short-term wins. Building on the change. Anchor the changes in corporate culture. These are 8-stages of kotters stage model. The first stage of kotters helps the organization to find out the changes to be taken place in the organization and helps to find the threats and defaults in the company and also rectify them and this stage shows the opportunities to overcome these. Finally this stage helps the organization in becoming strong. In the second stage, form a powerful coalition which helps to build teams or groups to lead the changes in the organization and also helps to encourage the teams. The third stage creates a vision of change. That is to Create a vision to help direct the change effort (MINDTOOLS, 2006). This also helps to develop the strategies for achieving the goals. The fourth stage is communicating the vision. This stage shows how to communicate the new strategies and new ways to every individual in the organization. The fifth stage is removing obstacles. This stage shows how to remove the obstacles when changes take place and helps to Change systems or structures that seriously undermine the vision. (MINDTOOLS, 2006). The sixth stage shows the Plan for visible performance improvements and creates those improvements (MINDTOOLS, 2006). There should be rewards and benefits to the employees who perform well in the organization. The seventh stage is same as the Change in lewins model. The eighth stage is same as the Refreezing in the lewins model. Strengths and weaknesses of the kotters 8-stages are Strengths: The strengths of the kotters 8-stage is model is very simplistic and easy to understand rather than lewins model. The strength of this model is, it can easily identify the problem and it also helps to clear the problem in very short period. This can be successful when all the employees are communicated well in all the stages. Weaknesses The major weakness of this model is that it may lead to wrong assumptions. Another weakness of this model is, the model itself. This model is not flexible once this model starts its process than it is difficult to change its way. This model is difficult to communicate to the employees and which may lead to frustration among the employees to find the new ways to handle the change occurring in the organization. POSITIVE MODEL Change models are not only having high success in implementing but also have the failures equally. They also have the negativism in planning their organizational change. The positive model helps to criticize the negativism in the organizational planning. This positive model also guides the organization whether it is going in a right way or not and helps the organization to develop. There are 5 stages in this positive model. (Thomas G. Cummings, Christopher G. Worley, 2009) Initiate the inquiry: In this phase the organization team finds out the issue which is going to be change in the organization. (Thomas G. Cummings, Christopher G. Worley, 2009) Inquire the best practices: In this phase the organization team gathers the information about which is the best policy to implement the change. The organization team members collect the information from every individual of the organization and choose the best one to do. (Thomas G. Cummings, Christopher G. Worley, 2009) Discover the themes: In this phase they gather information and stories from each and every employee about their experience this is done by interviews and meetings. This kind of information helps the organization to overcome all the obstacles. (Thomas G. Cummings, Christopher G. Worley, 2009) Envision a preferred future: In this phase the gathered information from the employees is taken into consideration and then the organization support these ideas into the program. (Thomas G. Cummings, Christopher G. Worley, 2009) Design and deliver to create the future: In this phase, the design and deliver for the future is processed. In this phase, slight changes can be made in order to achieve the goals of the organization. (Thomas G. Cummings, Christopher G. Worley, 2009) Strengths and weaknesses of the positive model: Strengths: The strength of this model is, it helps to find out the negativism in the organization when the change is taken place. The employee satisfaction is taken as a main theme in this model. This model is flexible and slight changes can be done during this process. Weaknesses: The weakness of this model is that it will not create urgency in the change process. There may be conflicts between the employees in decision making. There is no specialty in this model. It is same as the remaining models. Conclusion I finally conclude that all the models have their own strengths and weaknesses. The lewins model is the easiest model but it is not explained in detail and it is complicated. Positive model is same as the remaining models and it is slightly different when compared to remaining models. I strongly recommend that kotters 8-stage model is the best model among all the change models as it is explained in detail and it is flexible in changing process and the communication between the employees when compared with the other models. So I finally conclude that, though all are the best models according to my research, but I strongly say that kotters 8-stage model is the best model.

Essays --

History is important to modern American spirituality because we are the past. We are the totality of all events that have happened to us. This beginning and ending product guides our actions in the present. The understanding of American spirituality today can be implied through it’s the repetition of itself. Histories matter the most because we learn and understand our human nature to see how others dealt with conflicts and problems so we can further understand how to not only prevent but also deal with it faster in the future. In Bron Taylor’s â€Å"Dark Green Religion† and Courtney Bender’s â€Å"Religion and Spirituality: History, Discourse, Measurement†, explains of the best ways to live life through knowing one’s history. The individual and the societies that are built through the struggles of our past events are the only way we can understand who we are and how we got to be the way we are is by studying the past. History is a study of the past that can help oneself understand what made them who we are. In cases like if we had lost the American Revolution, or if the Spanish had founded ... Essays -- History is important to modern American spirituality because we are the past. We are the totality of all events that have happened to us. This beginning and ending product guides our actions in the present. The understanding of American spirituality today can be implied through it’s the repetition of itself. Histories matter the most because we learn and understand our human nature to see how others dealt with conflicts and problems so we can further understand how to not only prevent but also deal with it faster in the future. In Bron Taylor’s â€Å"Dark Green Religion† and Courtney Bender’s â€Å"Religion and Spirituality: History, Discourse, Measurement†, explains of the best ways to live life through knowing one’s history. The individual and the societies that are built through the struggles of our past events are the only way we can understand who we are and how we got to be the way we are is by studying the past. History is a study of the past that can help oneself understand what made them who we are. In cases like if we had lost the American Revolution, or if the Spanish had founded ...

Business: Revenue and Target Gross Margin

Additional facts about this case: 1. CHP is believed to be close to a long-term contract to supply parts to Medit, a giant construction company with excellent government contracts in southern France and nearby Euro countries. 2. Mission’s price for the coupling in questions (PT40) is $1. 26, FOB, Los Angeles. The target gross margin for exports is 30% FOB$1. 26 (location Los Angeles) COGS$ . 88 (Fixed) GTM $0. 38 CIF$1. 3627= $1. 36 FOB (1. 05) (1. 03)= 1. 0815 Pricing FOB $1. 33- $. 88= $. 45 $1. 54- $. 88=$. 66 Target (Gross Margin for exports 30%) 3.Mission has a reputation for high prices in the US, and running the factory below capacity limits will raise costs further. 4. International sales missed forecast for 1Q03 by 7%. 2Q03 forecast is $4. 3 million, but early customer response is not encouraging. International sales are now 20% below target. 5. Key account sales force compensation: 70% salary, 15% bonus on sales quotas, 15% bonus on profitability targets. 6. In 4Q02, Mission’s sales to CHP were $83k – 18% of CHP’s flexible couplings purchases. Questions to answer: 1. Write a short, one-paragraph summary of the facts in this case.Mission Rubber Technology Corp. is a company that creates an industrial product. The traffic has created trouble with CHP. Shipping has costs $11,000 for CHP because Mission Rubber Technology error. Damages occur often. The issues need to be addressed be Mission Rubber Technology and CHP is late on their payments. Late payment causes a lack of losing customers and cash, which can also cause a company to fail. Sales 20012002 $114k$165 Increased 165/114= 1. 44 percent growth The American market has become weak domestically and slowing down which businesses tend to lose assets.Sales and productivity decreases causing the growth of the business to also decrease. One of alternative is to globalization seeking for new business. An unsuccessful Cash flow issues can occur because lack of assets or maybe bec ame they okay with paying late. Price 2. Prior to negotiations, what price will you ask for each unit of PT40? 3. What is the highest price you think you can get for PT40 (explained)? 4. What is the lowest price you would accept for PT40 (explained)? 5. What is the highest price you believe CHP will accept (explained)? There are times when the company receives credit from the company instead of cash refunds.

Essay about Consequences of Performance Enhancing Drugs

Negative Effects to Performance Enhancing Drugs At the age of 21 Rob Garibaldi committed suicide and it is believed to be from his consumption of performance enhancing drugs. As a young boy, Rob started to play little league, trying to match his favorite sport hero, and dreaming to make it to the baseball major leagues. Prior to high school, Rob was getting pushed by his coaches he had and scouts start to follow him to have him take supplements and more things that will help him gain weight compounds in other to build muscle in the training program. When Rob was 15 years old, he was playing with a team that was scouted by the California Angels and was encouraged by people who were working with him on weightlifting, condition, taking†¦show more content†¦Performance enhancing drugs are any type of substance that is taken by athletes so they are able to perform better in the sport. Athlete’s use performance enhancing drugs because they want to become better in a sport, such as baseball and football. There are many ty pes of performance enhancing drugs that athletes use. In this paragraph I will be talking about two different kinds of drugs that are used by athletes. The first one is anabolic steroids which is a type of steroid hormone based on androgen testosterone. This drug is also known as AAS or anabolic-androgenic steroid. The anabolic steroid is used by athletes to boost their rate in protein synthesis within the cells. The building of the cellular tissue is noticeable in muscles. The anabolic steroid influences the masculine characteristics which are the growth of the body hair and vocal cords. The anabolic steroids are used as drugs because athletes use it to increase the strength and size of their muscles. It can also gain competitiveness and aggressiveness in which is a trait desirable in sports. They can prescribe anabolic steroids to induce male puberty, stimulate bone growth, promote appetite, and degrade the effects of the muscle decreasing from chronic diseases, like AIDS or cance r. This drug can be available in skin patches, injectable steroids, and oral pills. There are side effects to taking anabolic steroids which are liver pressure, high bloodShow MoreRelated Performance-Enhancing Drugs in Sports Essay1678 Words   |  7 PagesPerformance-Enhancing Drugs in Sports In all areas of sports, professional, college, and even high school, there is widespread illegal use of performance-enhancing drugs. Although there are many reasons for athletes to choose to use these drugs, the cost of such use, both to the athlete and to society can be extraordinarily high. It is important to understand why performance-enhancing drugs are used and what are the consequences of their use to the athlete and society. 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