What Were You Like Growing Up - 867 Words

1. What were you like growing up? My mum once described me as â€Å"the infinitely happy child† because I was super upbeat all the time (I put that down to eating a lot of sugar!). I’d say that I was super creative and curious. We didn’t have a lot growing up so I made do with what I had, creating things even if they didn’t mean anything or make sense from drawing to painting to sewing. 2. When did you first get interested in fashion and tech? Fashion was the undercurrent to all my hobbies growing up, ranging from wanting to be a fashion designer to journalist because in it’s simplest form it’s accessible creativity. Vogue was 3 pounds which was a small fortune at the time but compared to everything else it wasn’t. By 14 years old I was so well-versed in fashion history, old and new, my friends would be able to show me a picture from a show or a magazine and I’d be able to identify which season and designer it was from. I also interned in between of school spending my summer holidays/weekends working for anyone to get my foot in the door, even interviewing at the Gucci press office at 14 - they thought I was 16 - and then a few years later I was scouted and became a model. Now, I work in fashion but it isn’t the dominant interest in my life. Tech came in the recent years. I’ve always been bookish and after digesting as many fiction/non-fiction books possible, I swiftly progressed on to business, economics and naturally that was followed by start-ups/tech. I’m alsoShow MoreRelatedEssay about Platos Cave: How Do We Make Decisions?900 Words   |  4 PagesWhile you are walking in a park and you come into a fork in the path, how do you know which one to take? How do make the decision of which one to take? Do you make the decision based on the mistakes you made or that you just want to see where it goes? Many of us wants to make the decision so quick that no time is wasted, but others want to look back and see what they have learned and make a decision based on related events. George Shaw once said that â€Å" a life spent making mistakes is not only moreRead MoreEssay The Best Way to Grow Up645 Words   |  3 PagesGrowing up Growing up is something we all have to face regardless of our age, gender, social or cultural status. Growing up is a gradual ladder toward changing (developing) from a naà ¯ve child into a mature adult. This change is shaped by the influential people and experiences we have met along the way. Growing up is not an easy process in most cases, but with proper support and positive guidance growing up can be the most rewarding experience. Through the journey of growing up we adopt a sense ofRead MoreWhat Is Your First Recollection About Your Cultural Background Essay1511 Words   |  7 PagesWhat is your first recollection about your cultural background? My first recollection about my cultural background started in junior high school because this is when people start fitting into groups or cliques and people tend to be in groups with their friends. The different types of groups included the preps, jocks, band geeks, hoods, druggies, and bookworms to name a few examples. Of course, I was not into sports so much or band, however, I fit with many different groups because I had friendsRead MoreCommentary on Childhood and Adulthood in Alice in Wonderland Essay1395 Words   |  6 PagesLewis Carrolls use of puns and riddles in Alice in Wonderland help set the theme and tone. He uses word play in the book to show a world of warped reality and massive confusion. He uses such play on words to reveal the underlying theme of ‘growing up, but with such an unusual setting and ridiculous characters, there is need for some deep analyzing to show this theme. The book contains many examples of assonance and alliteration to add humor. Carro ll also adds strange diction and extraordinaryRead MoreBorn Poor And Smart By Angela Locke1255 Words   |  6 Pagessummarizes her life of what it was like growing up with a poor, yet smart mother. However, in â€Å"When Shelter Feels like a Prison† (374-376) Charmion Browne writes about being poor, and living in homeless shelters. Somethings in life, are no more than learning experiences, and only you can change it. First off, lets discuss the essay of Angela Locke. Angela grew up in a household that was poor. Her mother worked at the E-Z Bargain Center. When not working there she spent her time picking up after her fourRead MoreEssay Growing Up601 Words   |  3 PagesWhen I Grow Up.. â€Å"Being ‘grown up’ isn’t as fun as the idea of growing up.† -AmberGrace Seguin Remember when we were young and all we could think of was growing up and getting to do ‘grownup’ things? We spent our whole childhood thinking of what we would do when we finally ‘grew up’, and here we are, almost completely grown up and we still haven’t made up our mind of what it is we will do when we grow up. We’ve painted this pretty little picture in our head of what it’ll be like when we eventuallyRead MoreCharles Charlie David Wolfe Was Born To His Parents During1557 Words   |  7 Pagesthree brothers, who were all born three years apart from each other. Though his parents had hoped for their third child to be a girl, they were slightly disappointed in the discovery that they had conceived yet another baby boy. However, that discovery did not change how they felt about their baby, or how much they cared for their child. They believed that the they were truly blessed that the baby was born healthy, and happy. After all, that is all a parent can hope for. Growing up, Charlie s parentsRead MoreI Am A New Jersey Girl952 Words   |  4 PagesCould you see getting more out of life than what you had growing up? I couldn’t see it, I thought that this is what life had to offer. The smell of the factories, construction, and the air ports is what accented the city. Newark New Jersey had so much excitement and entertainment right in front of you. You didn’t have to go anywhere and that is what made growing up there memorable. My parents decided they were going to separate when I was six years old. My life had changed dramatically. Our stabilityRead MoreIf I DidnT Grow Up In The Middle Class . Growing Up In1441 Words   |  6 PagesGrow Up in the Middle Class Growing up in the city of Brook Park, a nice little suburb located in northeast Ohio. I never really imagined how life could be differently if I grew up in a different social class. Up to this point in my life, my family has mainly been a middle class family. Money isn t thrown around in my family like its nothing, but we ve had a very good living style due to the hard work of my parents. Many times growing up my parents always told me to be grateful for what we haveRead More Where Are You Going, Where Have You Been Essay1531 Words   |  7 Pages In her short story Where Are You Going, Where Have You Been, Joyce Carol Oates presents us with a well known maxim: children cannot wait to get older. Tired of her boring and powerless childhood, Connie, the main character, searches for cheap thrills she likens to adulthood. Thus, Connie’s surreal experience (Arnold Friend’s sudden and unwanted appearance in his car) represents a suppressed fear of the inevitable and unknow n - growing up. Connie, a stereotypical fifteen year old girl, views

Confidence Interval for a Mean When We Know Sigma

In inferential statistics, one of the major goals is to estimate an  unknown  population  parameter. You start with a statistical sample, and from this, you can determine a range of values for the parameter. This range of values is called a confidence interval. Confidence Intervals Confidence intervals are all similar to one another in a few ways. First, many two-sided confidence intervals have the same form: Estimate  ± Margin of Error Second, the steps for calculating confidence intervals are very similar, regardless of the type of confidence interval you are trying to find. The specific type of confidence interval that will be examined below is a two-sided confidence interval for a population mean when you know the population standard deviation. Also, assume that you are working with a population that is normally distributed. Confidence Interval for a Mean With a Known Sigma Below is a process to find the desired confidence interval. Although all of the steps are important, the first one is particularly so: Check conditions: Begin by ensuring that the conditions for your confidence interval have been met. Assume that you know the value of the population standard deviation, denoted by the Greek letter sigma ÏÆ'. Also, assume a normal distribution.Calculate estimate: Estimate the population parameter—in this case, the population mean—by use of a statistic, which in this problem is the sample mean. This involves forming a simple random sample from the population. Sometimes, you can suppose that your sample is a simple random sample, even if it does not meet the strict definition.Critical value: Obtain the critical value z* that corresponds with your confidence level. These values are found by consulting a table of z-scores or by using the software. You can use a z-score table because you know the value of the population standard deviation, and you assume that the population is normally distributed. Common critical values are 1.645 for a 90-percent confidence level, 1.960 for a 95-percent confidence level, and 2.576 for a 99-percent confidence level.Margin of error: Calculate the margin of error z* ÏÆ' /√n, where n is the size of the simple random sample that you formed.Conclude: Finish by putting together the estimate and margin of error. This can be expressed as either Estimate  ± Margin of Error or as Estimate - Margin of Error to Estimate Margin of Error. Be sure to clearly state the level of confidence that is attached to your confidence interval. Example To see how you can construct a confidence interval, work through an example. Suppose you know that the IQ scores of all incoming college freshman are normally distributed with standard deviation of 15. You have a simple random sample of 100 freshmen, and the mean IQ score for this sample is 120. Find a 90-percent confidence interval for the mean IQ score for the entire population of incoming college freshmen. Work through the steps that were outlined above: Check conditions: The conditions have been met since you have been told that the population standard deviation is 15 and that you are dealing with a normal distribution.Calculate estimate: You have been told that you have a simple random sample of size 100. The mean IQ for this sample is 120, so this is your estimate.Critical value: The critical value for confidence level of 90 percent is given by z* 1.645.Margin of error: Use the margin of error formula and obtain an error of  z* ÏÆ' /√n (1.645)(15) /√(100) 2.467.Conclude: Conclude by putting everything together. A 90-percent confidence interval for the population’s mean IQ score is 120  ± 2.467. Alternatively, you could state this confidence interval as 117.5325 to 122.4675. Practical Considerations Confidence intervals of the above type are not very realistic. It is very rare to know the population standard deviation but not know the population mean. There are ways that this unrealistic assumption can be removed. While you have assumed a normal distribution, this assumption does not need to hold. Nice samples, which exhibit no strong skewness or have any outliers, along with a large enough sample size, allow you to invoke the central limit theorem. As a result, you are justified in using a table of z-scores, even for populations that are not normally distributed.

Hero Essay What Makes A Hero A Hero - 832 Words

What Makes a Hero a Hero? As I have recently sat down with my grandmother, Mary, I asked her questions about a hero and herself being a hero. My grandmother has such an impact on me in daily life along with being a personal hero to me. She is such an inspiration to me in so many ways that I could never think of taking for granted. I chose my grandmother as my hero because of obstacles I have faced, she was the one to show me the love and support I was in need of at the time. Mary shows the characteristics of being loving, caring, supportive, having open arms along with many others, why? She shows theses traits because it is the right thing to do at all times no matter what or how others treat you. Always, always, always treat†¦show more content†¦After realizing what I had done, I felt horrible. Knowing that half of my family and friends wanted nothing to do with me after all of the horrible things I thought that she was there with them too. Hearing that she was completely down to talk to me gave me butterflies. I thought that I had lost my greatest inspiration in my life. As conversation between us continued, I realized that I could trust her, that she was and always will be here for me. I saw how much she truly cared for and loved me. At first I was completely nervous about the interview because I was not sure if she would agree to talk or just to even meet up. I had to talk myself up to do this not only for my grades but also for a shot at better communications. As time got closer to meet up with Mary, my nerves were all over the place. Not only did I have to tell myself to keep calm but to also think positive. This was a plus for me but also my grandmother. During the interview there was times that I could tell that she was standoffish on answers because she was uncertain about her standings with me. I was the same way on asking her some of the questions just because our bond was not like it used to be, we were on different terms. I did not want to step over into personal territory and neither did she. As the questions were coming to an end, I could truly see how my grandmother felt. I saw in her eyes that she was truly sorry for standing with the rest of the family on theShow MoreRelatedWhat Makes a He ro? Essay1377 Words   |  6 PagesEveryday, society misconceives identities. In the eyes of Ralph Waldo Emerson, â€Å"A hero is no braver than any ordinary man, but he is braver five minutes longer.† Heroism, in Emerson’s perspective, is the ability to stand out for longer, and to endure hardships for greater durations. The passengers on United Flight 93, which was hijacked by terrorists as part of the September 11 attacks on the U.S demonstrated bravery like few other civilians can measure up to. Although it is not clear whetherRead MoreWhat Makes a Hero Essay example583 Words   |  3 PagesWhat Makes a Hero After spending over a week reading the story Beowulf, we can all come to the conclusion that he is a hero. Sure, he saves countries from monsters, has incredible strength and wisdom, and is fearless- the typical fictional hero. However, when I hear the word hero, I think in terms of an everyday hero. In my mind, a hero is someone who performs courageous acts even if the consequences can be fatal. A hero doesnt have to be some big muscled guy who beats up bad guys. MyRead MoreWhat Makes an Epic Hero Essay1823 Words   |  8 PagesWhat is an epic hero? Although we would like to believe that a hero would always be there to save us as needed, that is not always the case. All heroes are different, but what makes them epic? Many would answer that question by saying because they are in an epic poem or story; however, that answer isn’t true. An epic hero, of course is in an epic narrative, but it is what they accomplish in that specific text. First, an epic hero has to make a gr and journey and be in the Gods favor or shall we sayRead MoreEssay on The Journey Home: What Makes a Hero2409 Words   |  10 PagesThe Journey Home: What Makes a Hero What constitutes an epic story? Certainly, literary expectations have come to define a story as a series of events revolving around one or more characters. An epic, however, must possess one attribute that a story may or may not contain; a hero. The Odyssey is an epic and therefore, it does contain a hero and perhaps even more than one. A hero cannot simply just exist, though, he or she must be shaped into the role through a series of adventures and misadventuresRead More Defining Heroism - What Makes a True Hero? Essay857 Words   |  4 PagesThis point of view can best be explained using three key points of focus. These points are as follows: The similarity of a higher guidance in times of need, the similarity of the code of honor that they live by, and the fact that no matter who the hero is, he or she is under pressure to be a successful role model.   Ã‚  Ã‚  Ã‚  Ã‚  The similarity of higher guidance in times of need is the easiest and most direct of all the three factors. Most heroes, but not all, live their lives in allegiance to God or anotherRead MoreWhat Makes a True Hero Across the World? Essay example774 Words   |  4 Pages A â€Å"True† Hero Is a hero universal, or are they subject to individual judgment? As a generalization, heroes are subject to the whims of a society. Consequently, a hero is bent and altered in relation to the mentalities of a culture. In extreme cases, a man who kills a murderer may be a hero in one culture, while in the geographical area only a few miles away; he could be viewed as a person equally as evil. Therefore, heroes will vary from culture to culture and can best be defined by their culturalRead MoreThe Tragic Hero Of Oedipus The King1156 Words   |  5 Pages The topic I chose is the tragic hero topic. There exists a number of parameters that describe a tragic hero and thus it was my desire to get to understand these parameters. It was also my desire to be in position to give the difference between normal heroes and a tragic hero and give see the main dimensions of the two figures. I preferred to work with the book by Sophocles Oedipus, the king, in order to portray the attributes of a tragic hero. The book contains adequate information concerning theRead MoreEssay Example1319 Words   |  6 PagesSample Essay Read this example sample essay. Then answer the questions below. The qualities of a hero include selflessness, having the inspiration to be a founder and being courageous. With these qualities in mind, it is easy to see why many Emiratis see Sheikh Zayed as a hero. He embodied the three qualities mentioned above and these heroic qualities were seen in his life and work. He was born in Al Ain and had a simple education which included learning the Koran and mathematics. HisRead MoreWhy Heroes Are Important By Scott Lafollage Analysis876 Words   |  4 Pagescome about, many of the ideals of former generations seem to become irrelevant. Scott LaBarge, a professor of philosophy, elaborates on this idea and others in his essay. â€Å"Why Heroes Are Important† is LaBarge’s pursuit to persuade others of his idea of heroes in today’s society. He claims that many of our youth do not know what a proper hero is and that former generations should be educating them. LaBarge begins his persuasion by describing his personal experience and c redibility; then, he briefly describesRead MoreThe Hero Myth of the Matrix Essay1074 Words   |  5 PagesThe Hero Myth of the Matrix According to Linda Seger all myths, in all cultures are much the same. In these myths it is just the time, place and setting that changes. This is why Hollywood is so successful at making good movies, because they base it off these myths. The most popular myth is that of the hero, because for most of us this is what we want to be. With this myth we can live that experience through these characters. In the creation of a hero there are ten stages, using

Financial Statement Analysis Essay - 2546 Words

For the exclusive use of G. NEVIOUS TB0069 August 9, 2007 Graeme Rankine Financial Statement Analysis— Identify the Industry Since opportunities and constraints tend to be different across industries, companies in different industries tend to make different investment, dividend, and financing decisions. Thus, firms in different industries exhibit different financial characteristics, and, hence, report different financial ratios. For example, â€Å"old economy† businesses with large amounts of tangible assets may have higher leverage ratios. Service or trading firms may have large amounts of intangible assets such as knowledge assets or a large and loyal customer base, and, hence, have low leverage ratios because â€Å"growth options†Ã¢â‚¬ ¦show more content†¦Source: Thomson Banker One-Analytics 1 100.00 79.32 20.68 0.00 19.38 1.30 0.00 0.64 1.67 0.27 (0.09) 0.04 0.00 0.10 0.41 0.35 0.76 2 100.00 11.11 88.89 0.00 20.17 68.72 1.18 (19.23) 18.33 29.98 9.98 0.00 0.00 0.00 20.00 0.00 20.00 3 100.00 36.62 63.38 0.00 39.91 23.47 0.00 1.98 0.99 24.47 7.72 0.00 0.00 0.00 16.75 (1.85) 14.90 4 100.00 49.78 50.22 0.32 25.13 24.77 3.11 (5.09) 0.18 16.39 6.53 0.00 0.00 0.00 9.86 0.00 9.86 5 100.00 52.77 47.23 0.00 14.54 32.69 4.50 1.84 0.00 30.04 4.18 0.07 0.21 (0.21) 25.78 0.21 25.99 Common-Size Income Statement (percentage; averaged over three years) NET SALES COST OF GOODS GROSS PROFIT R D EXPENDITURES SELL GEN ADMIN EXP INC BEF DEP AMORT DEPRECIATION AMORT NON-OPERATING INC INTEREST EXPENSE INCOME BEFORE TAX PROV FOR INC TAXES MINORITY INT (INC) INVEST GAINS/LOSSES OTHER INCOME NET INC BEF EX ITEMS EX ITEMS DISC OPS NET INCOME Exhibit 2 6 100.00 43.81 56.19 14.61 16.01 25.58 0.00 2.15 0.09 27.64 8.12 0.00 0.00 0.00 19.51 0.00 19.51 7 100.00 23.20 76.80 20.01 35.77 21.03 0.00 0.37 0.87 20.52 5.96 0.00 0.00 0.00 14.57 (0.05) 14.52 8 100.00 17.03 82.97 17.18 33.02 32.77 0.00 5.94 0.00 38.71 11.57 0.00 0.00 0.00 27.14 0.00Show MoreRelatedFinancial Statements And Financial Statement Analysis Essay3026 Words   |  13 PagesLITERATURE REVIEW INTRODUCTION Financial statements are usually means of communicating information on a company’s operations. They contain information on the revenues, expenses, assets, liabilities and retained earnings of the business. 2.2 FINANCIAL STATEMENT ANALYSIS According to Drake (2010), financial statement analysis is the selection, evaluation, and interpretation of financial data, along with other pertinent information, to assist in investment and financial decision-making. Moreover, itRead MoreFinancial Statement Analysis : Financial Analysis1558 Words   |  7 Pagesyou hear the phase financial statement analysis, one wonders what is stands for. financial statement analysis is one of the most important part of any company to be successful. The reason companies rely on financial statements is for the company to come profitable even if the company is small or large. When companies use financial statement, it helps them to see if they are being profitable, by being used in different areas and reviewed by different departments. Chief Financial Officer and other executivesRead MoreFinancial Statement Analysis1293 Words   |  6 PagesFinancial Statement Analysis April Cruz, Litesha Forbes, Phillip Gibson, Jessica Hewlett, Lily James, Velda Justin, and Nzingha Reel ACC/561 September 27, 2010 Mark Tischler Financial Statement Analysis The accounting information of this paper provides a financial statement analysis for three distinct companies: Mercedes Benz, a foreign manufacturer of vehicles; Macy’s Inc, a retail department store, and American Airlines, an airline company. The analysis for each companyRead MoreThe Analysis Of Financial Statements1876 Words   |  8 PagesThe analysis of financial statements is the critical process that is aimed at assessing the present and past financial position and the results of operations that are carried out in a company. The primary objective of this analysis is to establish the best possible estimates and predictions about future results and conditions that the company can reach. It is based on two primary pieces of knowledge, where the first is the in-depth knowledge of the accounting model and the second would be the domainRead MoreFinancial Statement Analysis4339 Words   |  18 PagesChapter 2 Introduction to Financial Statement Analysis 2-1. What are the four main financial statements? What checks are there on the accuracy of these statements? The four financial statements are: the balance sheet, the income statement, the statement of cash flows, and the statement of changes in shareholders’ equity. Financial are required to be audited by a neutral third party, who checks and ensures that the financial statements are prepared according to GAAP or accounting standardsRead MoreFinancial Statement Analysis And Ratios909 Words   |  4 Pages17 covers the financial statement analysis and ratios. Financial statement analysis is the process of examining financial statements that will depict the financial position of the company allowing them to make better financial decisions. A typical financial statement consist of a balance sheet, income statement, cash flow statement and notes to account. The most common being the balance sheet and the income statement. The balance sheet, also referred to as a statement of financial positon, is usuallyRead MoreFinancial statement analysis and report932 Words   |  4 Pagesï » ¿ACFI 1001 Accounting for Decision Makers – Individual Project (15%) Financial Statement Analysis and Report Objectives Apply theory in practice Conduct analysis of financial statement – to look beyond the numbers Experience formal report writing. REQUIRED: Written report (a soft copy on blackboard via turnitin and printed copy to tutors is compulsory) 1. Obtain the most recent annual report for two companies in any of the industries on the Australian Stock Market (for exampleRead MoreAnalysis of Microsoft Financial Statements1924 Words   |  8 PagesAnalysis of Financial Statements Financial statements are frequently a key source of information for financial decisions and taking a look at Microsoft’s financial statements can help us decide certain things about the company. There are three different types of statements that will be discussed in this section. These include: the balance sheet, the income statement, and the statement of cash flows. They are discussed here in either the sense of quarterly or yearly statements and will be notedRead MoreApples Financial Statement Analysis5047 Words   |  21 PagesCOMPANY Financial Statement Analysis Project Table of Contents Part I †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Part II †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...5 Part III †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..6 Part IV †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 Part V †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......8 Part VI †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.10 Part VII †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 Appendices †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦......12 Appendices AAPL 5 Year Balance Sheet Report†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.12 5 Year Income Statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...13 5 Year Cash Flow Statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreAnalysis And Interpretation Of Financial Statements Essay5883 Words   |  24 PagesCertified Public Accountants, financial statements reflect â€Å"a combination of recorded facts, accounting conventions and personal judgements and the judgements and conventions applied affect them materially.† This implies that data exhibited in the financial statements are affected by recorded facts, accounting conventions and personal judgements. (Maheshwari, 1998) Ratio analysis is one of the powerful techniques which are widely used for interpreting financial statements. This technique serves as a

My Day In The Glass Of The Machine - 974 Words

I pressed my face into the cool glass of the machine, studying all of the colorful toys within. Suddenly, over all the chatter and clinking silverware, I heard a group of people flatly singing happy birthday. I immediately turned from the claw machine and ran for my table. I joined in as if I had been there the whole time, hoping my mom wouldn’t notice. When I was sure that she hadn’t, I resumed my plan. I put on my sweetest smile and walked over to where she sat. She was pulling half-melted candles off of her cake when I lightly tapped her shoulder. â€Å"Mama,† I whispered in her ear, â€Å"can I have money to play games?† I knew that if I told her it was for the claw machine she wouldn’t give me anything. Instead she would have explained†¦show more content†¦I wanted to tell her that Alexa wasn’t sharing, so that she would make her give me a turn. I tapped her shoulder, but didn’t get a response. I let out a soft whimper and tugged at her long curly hair. She finally turned, pausing to study my tear streaked face. Without waiting for her to ask, I told her all about my cousin and her unfairness. Unfortunately, she wanted me to figure it out on my own. That wasn’t the response I was looking for. I gave up on her and sulked away to find my dad. He was talking with a group of adults, but that didn’t stop me from walking right up and latching onto his side, dramatically crying and gasping until he was forced to leave the group and deal with me. â€Å"What is going on with you?† he asked, seeming both angry and worried at the same time. I choked out words between gasps, explaining my situation. He rolled his eyes, and started walking in the direction of the games. He reached the claw machine and scooped up Alexa before she could drop in her next quarter. â€Å"Have you been sharing the machine?† my dad asked her. â€Å"Yes I have! She’s lying!† she replied pointing an angry finger at me. â€Å"Doesn’t matter,† he said with a grin, â€Å"I want a turn now,† he placed Alexa on the floor and she lunged for the machine. He grabbed her hand before she could get a hold on the controller and guided her to a chair. She sat reluctantly, crossing her arms and mumbling under her breath. He walked to the machine and slowly maneuveredShow MoreRelatedThe Keurig Machine1378 Words   |  6 PagesThe Keurig Machine We are surrounded by many choices when we start are day, such as what we are going to wear, what we are going to eat, and where we are going to get our source of caffeine from to use to start the day. There are so many choices on where to get that caffeine from, outside coffee shops, an old fashioned coffee maker, french press, and lastly the newest invention, the Keurig machine. The Keurig machine itself was invented in 1990, with its first machine manufactured in the 2000’s.Read MoreThe Keurig Machine1684 Words   |  7 PagesThe Keurig Machine We are surrounded by many choices when we start our day, such as what we are going to wear, what we are going to eat, and where we are going to get our source of caffeine from to use to start the day. There are so many choices on where to get that caffeine from, outside coffee shops, an old coffee maker, french press, and lastly the newest invention, the Keurig machine. The Keurig machine itself was invented in 1990, with its first machine manufactured in the 2000’s. (KeurigRead MoreDescriptive Essay About My Family1576 Words   |  7 PagesSpending quality time with family is one of my favorite childhood memories; spending time outdoors, playing ping pong, or watching a meaningful movie. Do you have any special memories with your family? My most meaningful family memory came from our vacation to Colorado back in 2004; yes, 2004. Although I don’t remember all of the events that transpired, I’m able to recall most of the memorable events that took place. It was a cool, misty morning in the Colorado Rocky Mountains, and I could distinctlyRead MorePersonal Narrative : My Family Relationship1370 Words   |  6 PagesEvery second of every day, something unexpected happens to someone. A life taken, a relationship that has ended, or even a positive pregnancy test. Because these events are unexpected, we cannot control them and sometimes can’t help them. I believe everything happens for a reason, although not always a good reason. Maybe I could’ve stopped what happened on that brisk, morning of May 19th, 2016. Yet, I’m happy that it wasn’t worse than it was. â€Å"I’m done with him playing with my feelings, I’m just goingRead MoreDescriptive Essay About Las Vegas1243 Words   |  5 Pages In Las Vegas, Nevada, everything is bigger, brighter, and faster than in Columbus, Ohio. I was 13 years old when I went on my first trip out of my hometown of Columbus. Arriving in Las Vegas felt as though I was in a whole other world. The lights were bright, the weather was beautiful, and it appeared nobody ever went to sleep. The city was filled with so much life it was unlike anything I had ever seen before. There were tourists everywhere, Casino’s every 100 feet, and GoGo dancers or ChippendalesRead MoreDescription Of 2079 : The Killer From The Past1610 Words   |  7 Pages2079: The killer from the past Prologue (Present Tense) My dad was brutally murdered a day ago and no one knows who did it. I am sitting in the front row of the funeral with my suspicious mother who is 78 years old. I remorse on who would do this to my father. He was stabbed 17 times brutally and died in agony. I knew who it was all along . . . 2 weeks ago before murder The year was 2079, my team and I were working on a train model that goes the speed of light. This concept took years to masterRead MoreWho Is A Dream?1300 Words   |  6 PagesA dream is not something that you see in your sleep, a dream is something that does not let you sleep†, this quote made me more determined to achieve my goal of doing my Master’s in Industrial Engineering in a renowned university and contribute to the ever exalting progress of mankind but in a way beneficial to nature as well. I love solving puzzles, get involved in brain storming sessions, prosecute unyielding problems and in the end I want to create things that thousands of people are going toRead MoreAnalysis Of The Movie The Revenant 1424 Words   |  6 PagesThe Revenant is a very long and very intense movie. In the blockbuster, Leonardo DiCaprio plays Hugh Glass, a seemingly indestructible savage machine. Glass survives the impossible on more than one occasion. In three scenes in particula r, Glass is put through a climatic, thrilling situation. The first scene is in a misty forest where Glass finds himself alone when he stumbles upon bear cubs and soon after is nearly mauled to death by the mother bear. He escapes death when he was able to pull outRead MoreHow Technology Has Changed Our Society869 Words   |  4 Pagesmore. Technology has made such an impact on our society today that most people won t leave home without their cell phone. The Apple iPhone has become a great smartphone vendor by numbers and revenue. The iPhone, PureWrist payment device, and Google glass are the evidence of the direction technology is taking to bring simplicity to our everyday life. It would be very inconvenient and impossible to carry a calculator, alarm clock, flash light, TV, calendar, and a computer in the palm of your handsRead MoreThe Balance Between Customer Service And Resource Utilization Essay1435 Words   |  6 Pagessuccess factors in Nicola’s business of ‘nice framing’ was to have a finished picture stock which her customers can choose it anytime as it automatically leads to a good reputation for reliability and responsiveness, now how this is achieved is by one day she felt that her interests in art plus the combination of manufacturing will lead to a greater height so she decided to open her own business of nice framing, and initially her business went up like anything and thus enabling her to have an upper hand

Journal Of Strategic Engineering Management â€Myassignmenthelp.Com

Question: Discuss About The Journal Of Strategic Engineering Management? Answer: Introduction Commonwealth Serum Laboratories Limited is a company with a global specialty in biotherapeutics which concerns itself with the development and delivery of innovative biotherapies essential in saving lives through assisting people living with threatening medical conditions (CSL 2017). In this respect, it involves itself in products such as plasma, vaccines and pharmaceuticals, research and development in the medical world. The firm has facilities spread in the United Kingdom, Switzerland, Germany, Australia, and the United States. Basically, it has an employee population of over 17000 who are spread in over 30 countries where its activities are coordinated. The report focuses on its marketing aspects and the manner in which it spreads its products to the competitive marketplace. Company Products The firm deals with the healthcare sector with the provision of products aimed at saving lives which enable thousands of people in the world to live normal and healthy lives. Seqirus involves itself in the manufacture, licensing, marketing and distributing vaccines aimed at preventing and treating serious diseases (CSL 2017). In this sub-category, the firm deals with the development of plasma-derived therapies, pharmaceuticals, diagnostics products, vaccines, and antivenoms. Plasma derived products are used in treating infections, bleeding disorders, treatment of patients in critical care setting, and autoimmune diseases (CSL 2017). On the other hand, the vaccines are used in inducing immunity towards the protection of people against sets of bacterial and viral infections. Antivenoms are used in the treatment of venomous spider and snake bites. The diagnostics products are essential in determining compatibility of donor- recipient blood transfusion programs. The range of pharmaceutical products is used in treating human health conditions where the products remain in distribution under the licensing of the respective companies Sustainable Practices CSL engages in several activities in remaining sustainable in the competitive market. Sustainability in business comes in through meeting the economic, social, and environmental needs of a society and business. The firm prides in assisting the society through remaining in contact and enabling them solves their challenges amicably (CSL 2017). In this respect, the firm supports communities through donation and active participation through engagement, where it builds healthier and sustainable environments for individuals (Armstrong, Kotler, Harker, and Brennan 2015). The firm engages in solving environmental problems which result into health complications through advocacy programs and activism. On the other hand, the firm remains true to the environment by developing, manufacturing, and supplying safe and high quality products aimed at saving lives and improving the well-being of individuals with serious diseases. The firm ensures the production and safe disposal approaches that assist protect the environment and local communities in operation areas (CSL 2017). The firm creates economic opportunities to better the people and individuals in areas of operation. In this respect, the firm employs several individuals to its business, including; researchers, lab officials, management, suppliers, and marketers. All these drive the profitability of the firm. The local community in areas of production benefits from the corporate social responsibilities offered by the firm which empower the locals economically (Pavlou and Stewart 2015). Empowering people economically translates to the overall production and profitability of firms thus enhancing sustainability for the firm. Target Customers/segment The firm serves a large market in the health sector industry across the world. The target segment includes people in the hospital fraternity, dispensing chemists, diagnostic organizations, health ministries through vaccination programs, and general drug field through its distribution of pharmaceuticals (CSL 2017). The target clients remain closed to the health sector where a number of organizations and government bodies compose of its client base. Company and Product Positioning in the Market The firm with several outlets across nations positions its products strategically towards its success. The firm, having targeted its consumers places its products strategically in locations and areas in need of the medical products (CSL 2017). In so doing, the firm markets and advertises the products directly to institutions of research, medical facilities, and pharmaceutical suppliers. The type of promotion assists in reaching the desired market as opposed to a random placement of a product. At the same time, the firm participates in social responsibilities touching on the healthcare needs while using part of its products through donation and assistance thus ensuring knowledge of the products to the consumers. At the same time, the firm collaborates with other suppliers dealing in medical products thus reaching the largest batch of clients. Partnership ensures products remain in visibility as suppliers assist in marketing it to the customers experiencing the sales. Besides, it assesses its competitors and their areas of coverage and uses the information to design a special placement that puts it on the higher side (CSL 2017). After assessing the competitors, the firm uses the information to venture into areas not earlier inhabited by the said competitors. In the long run, their products remain visible to the consumers thus growing their brand name. Key decisions for product policy The products are made and designed to last and assist individuals in the society. The key features and policies put in place assist the firm remain competitive in the long run. First, the firm ensures high quality in production where the materials are sourced from ethical sources (Leonidou, Katsikeas and Morgan 2013). The strategy forms the first base for quality which is accompanied by a quality production through raw materials that adhere to the environmental standards. Packaging The packaging is done using environmentally friendly products whose components are mentioned therein. The labeling is done professionally to avoid confusion as it discloses every detailed information in bold based on the requirements in the industry. The designs are unique and easily differentiable from the rest. In this case, it becomes difficult for individuals to duplicate or counterfeit the product thus limiting unnecessary competition (Hanssens, Pauwels, Srinivasan, Vanhuele and Yildirim 2014). The design and material used remain unique and significantly of high quality. Production The production is done under proper environment whose specifications are disclosed and in line with the environmental policies under the labor laws. The workers use and adhere to the safety procedures and undergo training to ensure safety at workplace. The products are manufactured using high quality materials according to the standard procedures laid down in the industry. Supply chain Management The firm has a sustainable and cost-effective supply chain management. Since the business distributes its products to a wide range of areas, intensive distribution remains best as the products go along the routes. On the other hand, the in-direct supply chain is used where large supply management firms are used to deliver products to the clients. The products are tracked during the supply process which ensures a speedy and accountable system essential for business growth (Christopher 2016). Consideration for Consumption and Disposal The firm has a sustainability system where it caters for the environment and the well-being of the users and manufacturers. The products are made in a safe environment, with a high quality, and safety standards. The products are tested to ensure fitness for the public consumption. Such considerations reduce the side effects and complaints registered by individuals. On the other hand, the company has a set of disposal guidelines for the products it produces, and communicates the same to its suppliers (Hollensen 2015). Besides, it makes sure that the suppliers and other groups adhere to the same and file agreements to the safe and ethical disposal considerations. Sustainability Incorporated into the Key Decisions Quality is key in enhancing sustainability of any process in the manufacturing field. In all the key decisions, quality remains a core factor in ensuring things go well and acceptability in the market. The features used in the production, as well as the materials ought to be of high quality. The labeling and packaging must be clear and efficient and environmentally friendly to remain acceptable by the consumers. The design and materials used therein must be of high quality and efficient to retain profitability. Quality is paramount in attaining a significant market share and outshining competitors (Monczka, Handfield, Giunipero and Patterson 2015). In this respect, the firm maintains a sustainable business concept essential for prosperity. On the other hand, the supply chain management remains effective and cost-based to ensure sustainability. According to Bove and Thill (2014), using expensive supply chains results in losses which affect the pricing policy of the firm. Lastly, the firms consideration for consumption and disposal is essential towards sustainability. Enabling a proper standard in the manufacture and subsequent disposal programs after use ensure little conflict with the government agencies keen on the environmental considerations in the present times (Mangan and Lalwani 2016). Therefore, placing all these considerations leads to not only business sustainability but a growth in the client base. The Pricing Strategies of the Firm The firm selects its prices based on market situation after conducting a study on its competitors. Thereafter, the firm arrives at a price less than the competitors in the initial stages but then alters the same with respect with the client preference based on quality (Singh, Singh, Pandey, and Pandey 2015). On the other hand, the purchase of two or more brands or range of products attracts a discount channeled to individual suppliers and end users. Product prices are adjusted basing on the demand and supply scenarios following a subsequent discount price upon formulation. Sustainability is enhanced through pricing through the constant adjustment to reflect on the client demand and suggestions (Klassen, Lisowsky and Mescall 2017). Again, the quality standards of the products assist the prices in remaining competitive and all time profitable to the company. Product Promotion The firm promotes its products in several ways in marketing and increasing its product scope. The company uses the social media presence where it runs several accounts on the social media. The firm, through its Facebook pages, Twitter, and other social sites announces new product release, markets existing products, and carries out subsequent research and surveys on the suitability of its products (Liu, Li, Peng and Zhang 2015). The social media gives it a direct marketing to medical institutions, governments, and the general public running private medical services, thus growing its business and remaining sustainable. The firm has a website where its range of products is displayed and necessary contact and customer support offered to meet the needs of the clients (Percy and Elliott 2016). Further, it uses the direct links on the social media to redirect its clients to the main website, where subsequent business deals can be handled. On the other hand, the firm conducts product giveaway in meeting the medical needs of patients in less privileged areas. In so doing, the firm donates the plasma products in assisting patients with life-threatening illnesses. In so doing, the firm promotes its products and the overall business name, thus growing its market segment (O'guinn, Allen, Semenik, and Scheinbaum 2014). On the other hand, it uses direct mail marketing to the customers that have made subsequent purchases, thus strengthening and increasing information on the new product formation and product development (Khan 2014). Branded promotion bags are used in its promotion, where the pharmaceutical products are carefully packed to reflect the name of the firm, thus doing it good in marketing terms. After-sale customer survey is another means through which the firm promotes its products. The company maintains a close contact to its clients where they periodically seek information on the use of the products and feedback on the necessary things to be done according to client experience. Distribution Strategy Distribution refers to the effectiveness of a firm to get its products to consumers at the right time and in right proportion. The firm has a wide outlet for its products and thus selects a proper distribution channels to make sure the products reach the end user in a cost effective and safe manner. The firm sells both directly and indirectly to the consumers depending on the location and company for distribution. First, the firm uses direct distribution to the large firms conducting direct business with them. In this respect, it recognizes the location factor and the cost-effective manner in which the firm would reap benefits while remaining sustainable. On the other hand, the in-direct distribution occurs in cases where products are to be shipped overseas, considering the location and the complexities involved in direct shipping. Direct shipping of small commodities becomes difficult as it is costly and involving. In this respect, the firm selects a worldwide distribution channel that seems reliable, cost-effective, and efficient (Radulescu 2016). For instance, the product might be going to different locations, where the firm lacks outlets, thus becoming efficient to use the in-direct means of distribution. Since the firm is large and serves a diverse population across the world, the use of the distribution channel remains effective and efficient. Thirdly, the firm uses intensive distribution since it has a mass market for its products. The strategy is effective in covering the large areas and ensuring the consumers receive products on time and the desired quantity. Competitor Marketing Mix CSL Group has a number of competitors in the healthcare sector which includes Hemacore Corporation, Seracare Life Sciences, Sanofi, and Baxter International Inc. the firm manages to remain competitive through several strategies that promote its brand name and recognition (Huang and Sarigll 2014). First, the firm has been in existence over a century, which has boosted its capability to receive great recognition due to its trust levels. On the other hand, the firm has used several strategic marketing tools over time which has made it remain competitive while offering the products (Neugebauer, Figge and Hahn 2016). Besides, the capability to produce the three segments of products within the firm in different locations makes it a one-stop location preferred by many individuals. Businesses would prefer to deal with a partner who has all the required commodities thus giving the firm a competitive advantage over the rest. The firm uses the key marketing mix features to remain competitive in the healthcare sector. First, the firm prides itself in the creation of superior and safe products that appeal to the market. Creating superior goods assists in growth of brand name and trust levels thus offers the business an upper hand over its competitors (Spiegel, Linke, Stauder and Buchholz 2015). Secondly, the firm uses a strategic pricing policy which includes discounts, bundled prices, and price offers which appeal to the market. For instance, consumers in need of products from more than one of its categories enjoy a discounted price. As such, it encourages a culture of referral and return clients, who instill a positive progress to the business. In this respect, it manages to increase its business scope in the health sector. The place factor plays a huge role in marketing and enabling competition with other firms. As a firm with offices across nations, its products remain in strategic placement thus marketing and increasing consumption of the same. The firm sells its products to over 70 nations, thus maintaining a high profile name which promotes and commands a significant market share for the products. Lastly, the firm uses special promotion tools such as the social media, company website and direct engagement with the clients. Since other firms fail to properly market their products, it becomes difficult to compete with the firm that has been in existence over a century. The rivals remain limited in their promotional strategies thus unable to cover a wide range of clients. Recommendations CSL group is determined and quality oriented, thus enabling a sustainable business practice. However, there is a need to tap to other isolated markets in other continents which remain in need of the products developed by the firm. There is a need to further the marketing efforts in opening the business to the world in the wake of globalization. Expanding the distribution channels would ensure an in-depth penetration to the market segment in other locations. At the same time, quality and proper disposal policies must be done to ensure a good name for the product even in its distribution channels. Careful choice of the partners has to be done to reflect the quality set by the firm. Placing the considerations in priority would uplift the operations and sustainability of the business in the ever-increasing health care needs.; References Andrews, J.C. and Shimp, T.A., 2017. Accounting, promotion, and other aspects of integrated marketing communications. Nelson Education. Armstrong, G., Kotler, P., Harker, M. and Brennan, R., 2015.Marketing: an introduction. Pearson Education. Bove, C.L. and Thill, J.V., 2014.Business in action. Pearson Higher Ed. Christopher, M., 2016.Logistics supply chain management. Pearson UK. CSL. 2017. Our Business. Retrived from https://www.csl.com.au/businesses Hanssens, D.M., Pauwels, K.H., Srinivasan, S., Vanhuele, M. and Yildirim, G., 2014. Consumer attitude metrics for guiding marketing mix decisions.Marketing Science,33(4), pp.534-550. Hollensen, S., 2015.Marketing management: A relationship approach. Pearson Education. Huang, R. and Sarigll, E., 2014. How brand awareness relates to market outcome, brand equity, and the marketing mix. InFashion Branding and Consumer Behaviors(pp. 113-132). Springer New York. Khan, M.T., 2014. The concept of'marketing mix'and its elements (a conceptual review paper).International journal of information, business and management,6(2), p.95. Klassen, K.J., Lisowsky, P. and Mescall, D., 2017. Transfer pricing: Strategies, practices, and tax minimization.Contemporary Accounting Research,34(1), pp.455-493. Leonidou, C.N., Katsikeas, C.S. and Morgan, N.A., 2013. Greening the marketing mix: do firms do it and does it pay off?.Journal of the Academy of Marketing Science,41(2), pp.151-170. Liu, Y., Li, H., Peng, G., Lv, B. and Zhang, C., 2015. Online purchaser segmentation and promotion strategy selection: evidence from Chinese E-commerce market.Annals of Operations Research,233(1), pp.263-279. Mangan, J. and Lalwani, C., 2016.Global logistics and supply chain management. John Wiley Sons. Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015.Purchasing and supply chain management. Cengage Learning. Moriarty, S., Mitchell, N.D., Wells, W.D., Crawford, R., Brennan, L. and Spence-Stone, R., 2014.Advertising: Principles and practice. Pearson Australia. Neugebauer, F., Figge, F. and Hahn, T., 2016. Planned or emergent strategy making? Exploring the formation of corporate sustainability strategies.Business strategy and the environment,25(5), pp.323-336. O'guinn, T., Allen, C., Semenik, R. and Scheinbaum, A.C., 2014.Advertising and integrated brand promotion. Nelson Education. Pavlou, P.A. and Stewart, D.W., 2015. Interactive advertising: A new conceptual framework towards integrating elements of the marketing mix. InNew Meanings for Marketing in a New Millennium(pp. 218-222). Springer, Cham. Percy, L. and Elliott, R.H., 2016.Strategic advertising management. Oxford University Press. Radulescu, C.V., 2016. Sustainability strategies in businesses.Calitatea,17(S1), p.331. Singh, G., Singh, G., Pandey, N. and Pandey, N., 2015. ALLISCO: pricing multiple joint products.Emerald Emerging Markets Case Studies,5(4), pp.1-5. Spiegel, D.V.D., Linke, B.S., Stauder, J. and Buchholz, S., 2015. Sustainability strategies of manufacturing companies on corporate, business and operational level.International Journal of Strategic Engineering Asset Management,2(3), pp.270-286.

Benihana of Tokyo free essay sample

Benihana of Tokyo Benihana of Tokyo has been very successful for the last 40 years since 1964. From a small restaurant, it has developed into a chain of themed restaurants. The success of Benihana has been attributed to the superb total quality management (TQM) process especially in maintaining the overall exotic ambience and the high quality food provided. All these strengths contribute to providing an unforgettable dining experience to its consumers and are reflected in their ability to retain consumers which is shown in exhibit 4 such that 65. % of their customers are return customers. Benihana is able to minimize cost effectively without affecting the quality of food and service provided. From Exhibit 1, total costs of sales are kept to 35-45% of total sales. Their attempt to reduce operating costs is also reflected through a reasonable net profit margin of 0. 5-9% of sales. Benihana made use of floor space efficiently to decrease labor costs and rent. We will write a custom essay sample on Benihana of Tokyo or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The elimination of the conventional kitchen with the hibachi arrangement allows the company to keep labor costs low and at the same time, give huge amount of attentive service. This boosted its dining experience, through constant interaction with consumers. Benihana also focuses on setting up their businesses in areas with high traffic, especially in the business district areas. Rent is usually higher in these areas. By using floor space more efficiently, Benihana is able to serve more consumers during peak period and allow for more sales to cover the higher rental costs. The concept that Benihana adopts is that consumers are served at their tables with freshly prepared food by the chef. By only providing 3 menus to consumers, this reduces food costs and wastage. Benihana’s lower food costs are also reduced through the use of fresh ingredients, where storage is minimized. The main process flow of a Benihana restaurant is different from a typical restaurant. In Benihana, the orders for the soup, salad and beverages taken by the waiter while the order for the main dish is taken directly to the chef. This allows Benihana to quicken the process flow, and make it more efficient, as it eliminated the waiting time in ordering and receiving their orders. As the food is freshly prepared, the production flow is very short as there is limited movement to the food being moved from the storage area to the tables where food is being prepared. As food is being served on the spot after being cooked, this allows Benihana to maintain their quality of the food, and this satisfies consumers as shown in their feedback in Exhibit 4, where food is the main highlight of Benihana restaurants. Benihana is also able to reduce labor costs through the use of a simple management structure in each of their restaurant. In addition, chefs and waiters would clear the dishes and set the table for the next customer, unlike the use of cleaners in typical restaurants. This also reduces labor costs. Benihana success is also attributed to their TQM system where the management also emphasizes the importance of quality control in every employee’s responsibility. They emphasize quality in their inputs like the high quality food provided, and the sources of food are also selected carefully. Benihana also highlight quality in the process of serving their food to their consumers. However, the management of Benihana also faces problems despite their raving success. Their attempts to go into franchising didn’t go as planned as Rocky was unwilling to give up its control, and he felt that these franchisees were not well equipped with the experience and knowledge to run a food business, especially one that relates with Japanese culture. In addition, Bill Susha, the head of Operations for Benihana recognizes that if Benihana wants to continue to expand, it will face higher costs in terms of rental as well as shortage of well trained employees. Although Benihana has been proven that their uniqueness cannot be replicated easily by competitors, critics have been predicting that the uniqueness of Benihana is only a fad and it will not last. As Benihana is providing not only products, but also the service, they should continue to emphasize and improve on their TQM, as in this industry, employees are key input sources and by implementing TQM, there will be positive impacts on the service being delivered.