Scott Miracle Grow Speader; Make or Buy

Scott’s Miracle-Gro has a plant in Temecula, CA that produces seed spreaders. The board is choosing if it should keep the Temecula plant open or in the event that it ought to redistribute fabricating either to territory China or seaward China. Before Miracle-Gro became Scott’s Miracle-Gro, they re-appropriated to contract makers for creation. Scotts produced their spreaders since it procured Republic Tool and Manufacturing. Scott’s Miracle-Gro fabricating offices have a plant in Temecula, CA. The Temecula plant improved profitability, efficiencies, and furthermore various advancements including another get together procedure for their hand spreader.Also, they imagined an in-form naming procedure that delivered a mark that didn't blur, scratch, or strip off. Notwithstanding what the Temecula plant had done, the board was hoping to check whether they could set aside cash by redistributing the full activity. The plant supervisor needed to keep the Temecula plant ope n and felt that if the creation was moved to China that there would be quality issues alongside high delivery expenses, and extra authoritative expenses could delete any monetary profit by re-appropriating to China. Another option in contrast to redistributing to China was building a Scotts-possessed office plant in China.This choice would help keep the exclusive procedures in the possession of Scott’s Miracle-G ro. Notwithstanding, the burdens related with moving to China expressed above (more unfortunate quality, high transportation costs), would even now be a negative. The issue is the thing that ought to Scott’s Miracle-Gro do. We did a NPV examination concentrating on the 4 Cost drivers for the Temecula plants which are crude materials, work costs, power expenses, and overhead expenses and contrasted them with what it would cost in China. The NPV for the Temecula plant is $94,826,678 (screen capture of spreadsheet in appendix).The NPV for China territory (seaward NPV would be near terrain China aside from beginning up costs, and so forth ) is $90,070,804 (screen capture of spreadsheet in addendum). We broke down the information by utilizing the numbers gave for the situation. For instance, for dissecting the Temecula plant, we utilized the data in Exhibit 4. Be that as it may, a portion of the information (number of representatives in China) we put together the data with respect to what the Temecula plant was utilizing. In view of on the NPV, it appears that end the Temecula plant and moving to China would be the best option.However, significant the potential cost investment funds (in labor and vitality costs) may be, it is likewise important to take a gander at different elements. A portion of different elements would incorporate the creation quality, authority over their own items, exclusive rights, longer lead times, conveying wellbeing stock, and their picture to partners and representatives. Additionally, the board needs to take a gande r at issues that may emerge if China’s government changes laws, issues in instances of ports shutting, and the preparation and efficiency of new representatives. Next, we will dissect the 4 cost drivers more in depth.Cost Drivers There were four primary cost drivers analyzed for this situation: Raw Materials, Labor, Electricity (Energy), and Overhead. Scott’s must assess these cost drivers to decide if re-appropriating the assembling of their spreader will improve the company’s gainfulness as well as operational proficiency. In spite of the fact that, in certain examples the choice to re-appropriate can be clear founded on the numbers alone, there are additionally other not all that quantitative dangers, for example, loss of control, loss of stock adaptability, and loss of one’s upper hand. Crude MaterialsPlastic tar is the primary segment in the assembling of the spreader can, and the costs are equivalent whether it’s bought in China or in the US. Be that as it may, the Temecula plant invested in a re-pound process which spares them an extra $100,000 every year. Be that as it may, this investment funds has little effect on the general working costs at the Temecula plant. Work Costs Labor rates are one of the fundamental main impetuses in whether an organization should make or purchase an item or administration. For s Scotts work costs related with assembling the spreader in the US is at first $6M versus 350K in China, see joined informative supplement , which is 17X all the more exorbitant to create the spreader at the Temecula plant. Regardless of whether the plant can improve their operational effectiveness in the out years and decrease work costs it would at present be hard to rival China during this multi year time frame. Power (Energy) Costs Energy costs are as yet less expensive in China, by the greater part the expense. Notwithstanding, most of vitality which China utilizes is from coal plants and not ecologically nei ghborly, an ever increasing number of organizations and US buyers are getting touchy to the issue of decreasing one’s carbon footprint.Outsourcing dependent on vitality costs is normally not the bottom driver. Nonetheless, if vitality cost among China and the US become progressively serious, for example, on account of the US utilizing gaseous petrol (I. e. fracking) to gracefully power to their plants the contention to take producing back to the US may turn out to be all the more convincing. Overhead The expense of overhead or Governance at the Temecula Plant is around $5M every year versus China $500K (barring $1M in year one for fire up costs) these are costs related with Scott’s the board to screen, track and visit China to manage activities. Affectability AnalysisDue to the vulnerability later on financial patterns, there are three unsure components assuming significant jobs in the dynamic. They are work cost in China, power cost in China and conversion standard am ong Yuan and Dollars. The NPV model is touchy to the how those three components change throughout the following decade. A cautious investigation on the affectability is fundamental so as to settle on sound business choices. 1. Work Cost According to the case we realize that work costs in china may have a major increment in the following 10 years, from 40% absolutely to 10% yearly increment to even 40% yearly increase.If the work cost will increment 40% in the following 10 years, that implies it’ll increment 3. 4% every year, so the NPV of costs will be $73,751,039. In the event that the work cost will increment 10% every year in the following 10 years, the NPV of costs will be $74,998,037. On the off chance that the work cost will increment 40% every year in the following 10 years, the NPV of costs will be $91,424,835. We can see from past investigation, NPV of Temecula is $94,826,678. So if work cost will increment in an unexpected way, we’ll get diverse NVP. In any c ase, regardless of how enormous increment it’ll be, our choice will in any case be re-appropriating to china. 2. Power Price The flow power cost in China is 0. 65USD per kilo-watt hour. It is assessed to increment by 20% throughout the following 10 years. Expecting the power cost increment at a specific rate every year, we get the yearly increment rate 1. 8% (1. 8% =(1+20%)^(1/10)- 1). This evaluated rate is likely lower than the really yearly increment as a result of expanding pressure on ecological records and fuel costs. Along these lines what amount does power cost may increment is significant and the NPV model yield is delicate to it. Nonetheless, since the power cost in China is so low when changed over into USDs, the development rate doesn’t impact the NPV that much.For model, trying different things with 5% yearly development, since 5% is essentially bigger than 1. 8%, we get NPV = 74,968,548 USDs, while 74,376,968 USDs with 1. 8% yearly development. The distin ction would be 591,580 USDs, which isn’t that noteworthy when placing it in a greater extension. Additionally, 5% is an impossible suspicion given the way that the Chinese is vigorously putting resources into foundation to create more vitality. Hence, we think NPV model isn't delicate to the power cost. 3. Swapping scale According to the case, we realize that the market desire was the yuan would increase in value by 20% in next five years.Since this datum is only a desire, which implies it is off base and questionable, with the goal that we have to break down its affectability. We accept that the yearly increment in estimation of Yuan is 3. 6%, we can get the NPV of expenses is $74,376,968. In any case, in the event that we decline the rate, say 2%, the NPV of costs goes to be $69,099,021, which implies the cost diminishes; then again, in the event that we change the rate to 6%, the NPV of costs increments to $81,500,203. So we can infer that the lower the yearly increment in estimation of Yuan, the lower the NPV of expenses. ConclusionAs we expressed to start with we feel Scotts Miracle Gro ought to re-appropriate the assembling of their to spreaders to China, this depends on the information and affectability examination the gathering led. Moreover, one of the inquiries that we needed to analyze was whether the innovation to have â€Å"in-shape labeling† was an upper hand, and should it be a viewed as a center capacity. Despite the fact that, Scotts Miracle Gro fabricates spreaders, the brand name is about the nature of seed and composts for the do-it-without anyone's help grass and nursery buyer, and not the spreader.The buyers principally buys those items which upgrade the appearance of the nursery and yard, selling spreaders which can dispense their item is subordinate, Scotts needs buyers to purchase their seed and manures each season (rehash client) where as the acquisition of a spreader is a one-time buy at regular intervals or more. In th is way, if Scotts can redistribute the creation of roughly 3 million spreaders to China at a critical cost reserve funds then the organization ought to do as such. Cost reserve funds acknowledged ought to be re-put into innovative work so Scott’s can keep up their serious edge is this home and nursery showcase.

Starting All Over Essay Example For Students

Starting from the very beginning Essay Beginning All OverThe Martian Chronicles ByRay BradburyRay Bradburys the Martian Chronicles is a cutting edge anecdote about space travel, attack and planet colonization. Examining characters in this twenty-eight-part novel is incredibly troublesome on the grounds that each section incorporates various characters, which are arranged to shape the plot. Every section characters are utilized to show the establishing of the planet Mars, its colonization, the pulverization of Earth and nearly the entire human race, lastly the modifying of the human development on Mars. The story begins in the time of 1999 and closures twenty after seven years in 2026. Beam Bradbury doesnt simply recount to his story from the perspective of the space explorers and the colonizers, yet from irate Martians who were attempting to execute the people or Martians later on who were simply having a discussion with a human about Mars, additionally individuals seeing the incredible pilgrim change occur. Commander Wil der was the chief of the fourth campaign to Mars from Earth. The three campaigns before had fizzled on the grounds that either the Martians deceived and slaughtered the earthlings or the earth individuals were thought of as intellectually sick and sent to a medical clinic on Mars. Later on in the story when there are towns on Mars, the not very many Martians are not victimized in light of the fact that the individuals on Mars were benevolent individuals who were looking for new things and seeing Martians was uncommon. Fortunately the minor human ailment, chicken pox, had slaughtered off a large portion of the Martians unintentionally. Chief Wilder and his team investigated the planet and reacted to Earth to state that the missions were fruitful, and with just a couple of entanglements. Skipper Wilder with his Crew of Jeff Spender, Hathaway, Sam Parkhill, Cheroke, Gibbs and a couple of other men help start to depict the subject of the story, by discovering Mars and seeing that it was sheltered (this was in the start of the story, yet in the last a few parts they are brought back as veterans of Mars when it is abandoned). The topic is that people are not an incredible race of colonizers, yet they are extremely simply ruinous. Every one of that was left for Earth to do was send the pilgrims to colonize Mars. Jeff Spender was a tranquil individual; the team called him, ?the Lonely One.? When Jeff arrived at Mars, he was offended on how people had executed this Martian race by a measly youngster disturbance to certain kids. He left the gathering and learned as much as possible about their language and culture. In the long run Jeff lost control with people since he recognized what they would do to what was left of the outsider culture when they colonize Mars. He said that not at all like people this race didn't inquire as to why we are here, they just appreciated and relaxed in the beams of life. The Martian culture was glorious and Jeff didn't need it to be obliterated. Consequently his objective was not to let anybody colonize Mars. Jeff returned to Wilders camp and shot Gibbs whom he extraordinarily loathed in view of his juvenile ill will towards the Martian culture. He at that point shot four additional men who were having lunch calmly. Skipper Wilder was an intense and grave figure an d furthermore an old buddy of Jeff Spender. Jeff imagined that Wilder would comprehend his thinking, yet he wasn't right. More out of control didn't care for that Jeff had slaughtered his amigos and colleagues. In the end after a long pursue through the flimsy demeanor of Mars, Wilder talked it over with Spender, however clearly they didn't concur over this issue. This outside clash was illuminated and completed when Jeff was at long last shot before he could stop the colonization of Mars by slaughtering all space explorers. Chief Wilders undertaking was effective. .ue56c3535119de5f9ec23ce24cda0ec5c , .ue56c3535119de5f9ec23ce24cda0ec5c .postImageUrl , .ue56c3535119de5f9ec23ce24cda0ec5c .focused content territory { min-stature: 80px; position: relative; } .ue56c3535119de5f9ec23ce24cda0ec5c , .ue56c3535119de5f9ec23ce24cda0ec5c:hover , .ue56c3535119de5f9ec23ce24cda0ec5c:visited , .ue56c3535119de5f9ec23ce24cda0ec5c:active { border:0!important; } .ue56c3535119de5f9ec23ce24cda0ec5c .clearfix:after { content: ; show: table; clear: both; } .ue56c3535119de5f9ec23ce24cda0ec5c { show: square; change: foundation shading 250ms; webkit-progress: foundation shading 250ms; width: 100%; darkness: 1; progress: obscurity 250ms; webkit-progress: mistiness 250ms; foundation shading: #95A5A6; } .ue56c3535119de5f9ec23ce24cda0ec5c:active , .ue56c3535119de5f9ec23ce24cda0ec5c:hover { murkiness: 1; progress: haziness 250ms; webkit-progress: mistiness 250ms; foundation shading: #2C3E50; } .ue56c3535119de5f9ec23ce24cda0ec5c .focused content zone { width: 100%; position: re lative; } .ue56c3535119de5f9ec23ce24cda0ec5c .ctaText { fringe base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: striking; edge: 0; cushioning: 0; content design: underline; } .ue56c3535119de5f9ec23ce24cda0ec5c .postTitle { shading: #FFFFFF; text dimension: 16px; textual style weight: 600; edge: 0; cushioning: 0; width: 100%; } .ue56c3535119de5f9ec23ce24cda0ec5c .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; outskirt: none; outskirt sweep: 3px; box-shadow: none; text dimension: 14px; text style weight: intense; line-tallness: 26px; moz-outskirt span: 3px; content adjust: focus; content enrichment: none; content shadow: none; width: 80px; min-tallness: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/basic arrow.png)no-rehash; position: outright; right: 0; top: 0; } .ue56c3535119de5f9ec23ce24cda0ec5c:hover .ctaButton { foundation shading: #34495E!important; } .ue56c353511 9de5f9ec23ce24cda0ec5c .focused content { show: table; stature: 80px; cushioning left: 18px; top: 0; } .ue56c3535119de5f9ec23ce24cda0ec5c-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .ue56c3535119de5f9ec23ce24cda0ec5c:after { content: ; show: square; clear: both; } READ: The Role of Theory in Social Research EssayAfter this crucial complete, Captain Wilder was sent with his team to Jupiter, Saturn and Neptune for investigating. ?I heard they had kicked you upstairs so you wouldnt meddle with pilgrim arrangement here on Mars,? shouted Mr. Hathaway in 2026 in the wake of meeting up again with Captain Wilder. Commander Wilder had not changed since that fourth endeavor to Mars; he was as yet the equivalent genuine and daring character, aside from somewhat more seasoned obviously. Skipper Wilder and his group, Mr. Hathaway and his family, two others left who didn't return to Earth and another family were the main individuals left on Mars. They were responsible for remaking humankind on Mars on the grounds that the Earth was being crushed in a twenty-year universal war. Human development was starting from the very beginning once more. This book isn't much the same as the famous sci-fi subject of planet colonization, yet it is told in another molded way, through the eyes of a wide range of individuals. The story was entirely pleasant to peruse in view of its distinction. I respect the way Ray Bradbury innovatively tied every section with various characters together. The main thing I would change is include a bigger association between the fourth endeavor characters in the start of the book to those at long last when they are modifying mankind. In any case this book is an imaginative bit of craftsmanship and I prescribe it to anybody looking for an alternate kind of sci-fi book to peruse. Book Reports

How to Write an Email Like Steve Jobs

How to Write an Email Like Steve Jobs How to Write an Email Like Steve Jobs As co-founder of Apple, Steve Jobs transformed the tech world and is often cited as an inspirational figure for aspiring entrepreneurs and business people. Now, thanks to a recent lawsuit, it’s now possible to get a peek inside one of the greatest minds of the last 100 years. Below is a complete copy of an email sent by Jobs in 2010 to James Murdoch, an executive at NewsCorp, the parent company of publishers HarperCollins. Jobs is trying to convince Murdoch that HarperCollins should make their e-books available through iTunes. At the time, Apple was preparing to launch the iPad and hoped to rival Amazon’s Kindle as an e-reader device. Take a close look at the language and style of Jobs’ email, and then we’ll break it down into its key components. The email James, Our proposal does set the upper limit for ebook retail pricing based on the hardcover price of each book. The reason we are doing this is that, with our experience selling a lot of content online, we simply don't think the ebook market can be successful with pricing higher than $12.99 or $14.99. Heck, Amazon is selling these books at $9.99, and who knows, maybe they are right and we will fail even at $12.99. But we're willing to try at the prices we've proposed. We are not willing to try at higher prices because we are pretty sure we'll all fail. As I see it, HC has the following choices: Throw in with Apple and see if we can all make a go of this to create a real mainstream ebooks market at $12.99 and $14.99. Keep going with Amazon at $9.99. You will make a bit more money in the short term, but in the medium term Amazon will tell you they will be paying you 70 percent of $9.99. They have shareholders too. Hold back your books from Amazon. Without a way for customers to buy your ebooks, they will steal them. This will be the start of piracy and once started there will be no stopping it. Trust me, I've seen this happen with my own eyes. Maybe I'm missing something, but I don't see any other alternatives. Do you? Regards, Steve What to learn from it The first thing you’ll notice about the email is how succinct and clear it is. Jobs makes his position clear and walks Murdoch through the three potential outcomes he can envisage. Notice that he’s never talking down to his recipient, he even ends the email by asking if there are alternative options he’s missed out. Instead, the tone is conversational and collaborative, rather than confrontational. It’s easy to forget when reading this that Apple are one of the biggest companies in the world, he manages to make them still sound like a scrappy underdog taking on the big guy (Amazon) and determined to offer Murdoch a fairer price. Another key element of the email is how easy it is to read. It can be easy to slip into poor grammar, abbreviations and sloppy spelling, especially when a message is part of a longer email chain, but Jobs avoids that trap. People will pay more attention to your emails if they’re well-structured and look like they’ve had thought put into them. Finally, notice the little details which help keep the tone conversational. Jobs uses James Murdoch’s first name, suggesting familiarity, and also signs off with his own. The use of “Regards” helps keep the tone polite and respectful, while words or phrases like “heck” and “make a go of this” show this is a conversation between equals. Jobs isn’t lecturing or demanding, he’s just setting out his case and asking for a response. Key things to remember in your emails Based on this example, there are clear things you can do to improve your email correspondence and demonstrate more emotional intelligence: Be personable (use first names, talk like they’re your equal) Think through the structure of your email clearly Encourage their input, don’t write like you’re dictating terms Don’t over-write: all issues can be summed up in an email as brief as this one After sending this email, HarperCollins agreed to Apple’s terms within two days. Channel some of that Steve Jobs magic and make your emails as impactful as his.

Descartes s Argument For The Separability Of The Mind And...

This essay will critically discuss and analyse how Descartes makes his argument for the separability of the mind and body in the Meditations on First Philosophy. In this text, Descartes argues for the distinction between the mind and body through reasoning that they are two very distinct and non-identical substances. Furthermore, he argues that because they are so clearly distinct from each other that the mind does not need to rely on the body to exist and that the body does not need to mind to exist, therefore, the mind and body can be separated. Firstly, he provides reasoning that they are different substances through doubting the existence of all material things around him, including his own body. Furthermore, while he can doubt the existence of his material body Descartes claims that there is no way for him to doubt the existence of his own mind. Secondly, he provides an argument that the mind and body are distinct substances due to them having other different properties; he does this by arguing that the body is divisible into parts while the mind is not. Therefore, because the mind and body do not have the same properties they are non-identical substances. Thirdly, he provides an argument that builds atop the first two, this argument is that because he can conceive so clearly that his mind and body are different they must be separable in some way. Firstly in the second meditation, Descartes provides reasoning that the mind and body are two clearly distinct substances,Show MoreRelatedDescartes Myth-Gilbert Ryle1044 Words   |  5 Pagesï » ¿Gilbert RyleÂ’s The Concept of Mind Gilbert Ryle (1900-76) was a philosopher who taught at Oxford and who made important contributions to the philosophy of mind and to ordinary language philosophy. His most important writings included Philosophical Arguments (1945), The Concept of Mind (1949), Dilemmas (1954), Plato s Progress (1966), and On Thinking (1979). The Concept of Mind (1949) is a critique of the notion that the mind is distinct from the body, and it is a rejection of the theory that

A critical assessment of TS Eliots poem, Rhapsody on a...

Rhapsody on a windy night was written directly after Preludes and echoes many of its themes. Rhapsody... charts the night-time journey of a man through the streets of a city. Held in a trance by the moonlight, he is shown various sights by the street lamps he passes, and these sights evoke images, feelings and recollections. From the sights revealed by the lamps, and the responses they induce, a portrait of the city life is painted. The poem begins by establishing the scene. A man is wandering Along the reaches of the street / held in a lunar synthesis. Although the street is reaching, as if to entrap the man, it is held in stasis by the moon. This idea of the moon having power to release the wandering man from his everyday pattern of†¦show more content†¦The cat slipping out its tongue reminds the narrator of a child whose hand ...automatic / Slipped out and pocketed a toy. This memory reinforces the idea that the people of the city act mechanically, and without thought, or purpose (I could see nothing behind that childs eye). The memory immediately following, however, suggests that there is a strong desire among the people to escape from this state of automation: indeed the narrator has seen eyes...trying to peer through lighted shutters. This image suggests yearning, as does the crab, which gripped the end of a stick, desperately trying to escape its prison-like pool. At last, the street lamp turns the wanderers attention to the moon itself, saying La lune ne garde aucune rancune: the moon harbours no ill feeling. In other words, the moon does not judge, does not play any part in the day-to-day affairs of the people, and does not feel those worries or concerns that constitute the mechanical and empty lives of the people. Indeed, the moon has lost her memory, it is permanently in the state of lunar synthesis. However, one gets the impression that a constant existence in this state has taken its toll on the moon. Her face is worn

Ethical Issues in the 2002 Steven Spielberg Movie Minority...

Ethical Issues in The 2002 Steven Spielberg Movie Minority Report Technology is progressing every day. We have come so far in the past ten years. Imagine life in 2054, and what life will be like. That is what Philip K. Dick did in 1956 when he wrote the short story Minority Report, which was later produced as a movie. In the movie Minority Report, a team of officers led by John Anderson (Tom Cruise), work together in the precime division. They collect information given by precogs to find murder suspects and victims before the crime actually happens. Precogs are three humans that were born with a brain disease. This brain disease affected others but these three are the only ones who survived. The disease caused some mutation and†¦show more content†¦Of course the precogs see this act and the crime is prevented and the man is arrested. This gave Burgess the opportunity to kill her himself. He told the mother to meet him in the same location that the crime was going to happen, he dressed the same way and killed her. W hen the images came up of the murder, the files were deleted. They were seen as a copied

Business Communication Program

Question: Discuss about the Business Communication Program. Answer: Introduction: Being the communication advisor of the organization. I have asked to design a communication program announcing a reduction in employees, when the company has just announces that they have recorded profitability. The plan needs to be devised that will minimize the amount of friction, tension down-time in the organization. Moreover the plan communication plan will include provisions for coping with difficulties after announcing the news of staff layoff. The organization employs around 1800 employees the layoff of 300 employees was the last resort measure even though the company was in profit. The reason behind layoff is because the company is incurring too much cost on automation which will reduce manual efforts and make the work process automated. Communication Objectives, Audience Analysis Communication Process The objective of the program is to ease the transmission of layoffs in the best possible way for the entire organization. By creating outplacement service developing a firm foundation for the workers that are being laid off, well be able to build a steady level of morale amongst the employees throughout. (Sollier, 2008) For the audience analysis well use the model Change Planning Worksheet which is adapted from Clampitt (2009). The model will help us in identifying the best means to relate the message of change to the prospective audience. There would be 4 main audiences that need to analysed and should be identified, i.e. the employees who are leaving the organization (laid off employees), those employees that would accept the early retirement option, employees who will stay with the organization those who are the part of the exterior audience (i.e. community public). There would be some variation in the channels messages for the external audience and for rest of the audience it would be very much similar. (Baily, 2009) For each group opinion leaders or lions need to be identified. These opinion leaders will assist in influencing the resistant members of a given audience. It is best to seek out the group who have accepted the changes (i.e. who are living the organization), as they will help the other group to understand the situation and will bring them on board. In the group of employees who are staying with the organization, the managers need to identified to assist reinforce why the changes were made, and try to support the goal of job security for future. For the audience external to the organization well run a PR campaign will seek out media. This would be the best way to reach out to the large audience. (Wagner Harter, 2010) Next step should be to analyse how the audience will be impacted. The people who are leaving the organization will have two major concerns i.e. uncertainty about their future they will be jobless. The people who will stay with the company would have a relief, but perhaps will be depressed for their lost colleagues. The external audience might be impacted by the concern over access to organization. They may see this decision as the weakness might fear the state of the organization. (Clmpitt, Philip,2009) In order to send the message right channel needs to be selected. The message is quite complex and non-routine. Hence, the communication channel that should be chosen should be richest, in order to give news to those employees who are directly impacted. The richest channel would be face-to-face communication, as this will allow for immediate feedback. For external audience, the channel chosen would be rich media, but will not be getting face to face treatment because they are in large number, the best way would be to conduct a press conference launch a PR campaign which could clearly demonstrate the concern for the departing employees. (Vroom, 2006) You are the chair of a local community service group. How would you encourage attendance, participation and commitment from members? Being the chair of a local community service group, I need to design a communication program which will encourage attendance, participation commitment from the members. Analyse the target audience Reasons for absenteeism from the meeting. Strategies to encourage the attendance participation commitment from the members Target Audience The target audience for this case will be the younger members between the age group of 24-34 years; the population for younger members constitutes approximately 80 percent of the total community group population. There are many reasons, younger members dont attend and participate in the local community service group, and some of them include: Some people of the group view the dinner/lunch meetings as intimidating or boring, as they might not know people in the event. Some of them are unaware of the events happening at their areas. (Porges Stephen, 2011) Objectives The objective of the program is not only to increase the attendance among younger members, but also to increase the participation commitments from the members. As engineers, we often succeed on repetition because it makes the planning simpler does not force us to think out of the box. However, we sometimes forget that people love new events enjoy change. (Connolly Viswesvaran, 2000) Communication Process In order to better communicate and reach out to the target audience well have to bypass many barriers that would include the cost for reaching out to the audience, there should be a quite high budget that needs to be allocated in order to complete this communication process. Also this task might be time consuming, as reaching out to the correct audience and ask them to participate will full attendance and commitment will be a biggest challenge. (Dobson, Deb, 2009) The best way to communicate and encourage the targeted audience (i.e. young people of the community) would be through face-to-face meeting, as this will allow for immediate feedback. The next way to communicate could be through print media, where in pamphlets and broachers could be printed and delivered to the residence address of the members. These pamphlets and broachers would include the information on the benefits of the program, how their participation and contribution can help the society, how they can get more information about the events happening in their society, important contact information and ways to contact the community head and how they can register themselves for the events and ensure their participation. (Mwah, 2012) Most of these events are conducted at the same location every month. For members who are working living on the outskirts of a region, may cause difficulties for them to participate. So, holding these events at different location may lead to success. Another way to encourage the young crowd and bring new attendance to the events would be to ask the younger member group to host a meeting at the location of their choice. Also, in order not to disturb the people routines, the meeting can be scheduled on weekends. (Saari Judge, 2004) Following these steps will encourage the young members of the community and will definitely lead to participation and commitment from the targeted audience. References: Bailey, Ben (2009). Personal Interview. Clampitt, Phillip (2009). Communicating for Managerial Effectiveness. Sage Publications, Inc,. Print. Dobson, Deb. Personal Interview. 2009 Vroom, V. H. (2006). Work and Motivation. New York: John Wiley. Saari, L. M., Judge, T. A. (2004) Employee attitudes and job satisfaction. Human Resource Management, 43(4), 395-407. Connolly, J. J., Viswesvaran, C. (2000). The role of affectivity in job satisfaction: A meta-analysis. Personality and Individual Differences, 29(2), 265-281. Porges, Stephen W. (2011). The Polyvagal Theory: Neurophysiological Foundations of Emotions, Attachment, Communication, and Self-regulation. New York: W. W. Norton Company. Sollier, Pierre (2008). Listening for Wellness: An Introduction to the Tomatis Method. MWah, L. (2012). Engaging employees a big challenge. Management Review, 88(9), Wagner, R., Harter, J. K. (2010). 12: The elements of great managing. New York, NY: Gallup Press..ozart Center Press.

Avoiding the Four Main Failure Mechanisms of Small Business

Avoiding the Four Main Failure Mechanisms of Small Business Free Online Research Papers My partner and I have made the decision to open our very own partnership business. We have been working for S J Home Repairs for the past fifteen years. We have studied all aspects of the business together; bring S J Home Repairs to a well established and reputable business for the owner. One day we went to the boss with a suggestion of us becoming partners in the company, because we were the ones actually running our offer down. By this time Jack and I decided we can do these ourselves. One afternoon we sat down and worked out all the financial decisions and exactly what we both needed to bring to the table to get this done. Finally it hit us that, we are going to be our own bosses and there is no more set time, we have to motivate and organize everything ourselves. One of the decisions we made is to hirer three managers and twenty additional employees. The manager for the Queens region will get 6 employees to work with him, the manager for the Bronx will get 7 employees and Brooklyn the next 7 employees. Being good managers is the first step to achieving success in your business. â€Å"Today’s managers must be self-aware, observant, and understanding.† (AllBusiness.com). It is important to give praise to your star employees, not because they are good at what their do, doesn’t mean they do not want to hear their boss say, â€Å"good job† or â€Å"well done.† Another good way is to let them know exactly what the company’s goals are and think about other strategies that will include them. However, in business there is always that risk of failure, so you will want to devise a plan that will help avoid the four main failure mechanisms of small business which are: Managerial incompetence or inexperience Neglect Weak control systems Insufficient capital In order to avoid managerial incompetence or inexperience, business owners must find different ways to develop their management skills, don’t depend only on common sense. Being competent in this phase of the business is extremely important for the foundation of the business. These skills allow you to make better decisions on, dealing with emergencies, recruiting, purchasing, book keeping, marketing, training, planning etc. To avoid failure business owners need to identify the things that is needed to be accomplished, their need to ensure that they organize their resources; they need to pay close attention to the performance and the task completion (need to be will informed). Business owners also need to look ahead and make plans for any future requirements and try dealing with any problems that may arise. Avoiding neglect, business owners need to set aside devoted time for their business in order to succeed, especially in the starting up stages of the business. They need to pay attention to every detail of the business and its workers. Show your managers and employees that you are totally involved in the running of you business and that you need to be informed on any matter that relates to the business. Having a weak control system is also damaging to a business. Business owners need to an open communication between their employees and focus on growing the company profits before offering credit possibilities to it customers. Starting a business with the right amount of capital can also lead to a successful business. First you need to ensure that you have at least one year’s capital because most new business start seeing profits after the first 6 months of business. So for the business to succeed and start profiting business owners must try to avoid the things that can lead to failures for the business. Reference: AllBusiness.com 2007. (Home page). Become a Better Manager. Retrieved. September 7, 2007, from allbusiness.com/human-resources/workforce-management/1002-1.html Sherlock, Joseph, M., Score Vancouver Chapter. How Not to Fail. Retrieved. September 7, 2007, from scorevancouver.org/business-tip4.html Ebert, Ronald J., Griffin, Ricky, W., 6th ed (2007). Business essentials. Pearson Prentice Hall Research Papers on Avoiding the Four Main Failure Mechanisms of Small BusinessThe Project Managment Office SystemIncorporating Risk and Uncertainty Factor in CapitalResearch Process Part OneNever Been Kicked Out of a Place This NiceOpen Architechture a white paperTwilight of the UAWMarketing of Lifeboy Soap A Unilever ProductDefinition of Export QuotasBionic Assembly System: A New Concept of SelfStandardized Testing

Free Essays on Jeffersonian

When it came to the federal Constitution, the Jeffersonian Republicans usually held a strict interpretation of the Constitution opposed the broad constructionism of Federalists between 1800 and 1818. The Republicans demonstrated the beliefs of their party against those of the Federalists concerning the interpretation of the federal Constitution. The Jerrfersonian Republicans wanted to provide strong state governemnts for a nation of farmers. Jefferson, in the interests of his party and the nation tried to stave off war for and against the country. Everything that Jefferson and the Jeffersonian Republican's did though, was opposed by the Federalists. Thomas Jefferson and his followers envisioned a society in stark contrast to that of the Federalists. They wanted to create a society of gentelman farmers with a small central government that held minimal control over the lives of the people and merely served to protect the individual rights of everyone under the Constitution. Jefferson stated to Presbyterian minister Samuel Miller, that the Constitution would be the only thing that the government would adhere to, and not even God could change that. (Document B) This vision did not come to pass. Jefferson was to preside over a nation that was continually growing more Federalist. Jefferson was no â€Å"War Hawk.† Jefferson did everything he could to avoid war, he went as far as toestablished the Embargo Act, possibly the most umpopular move of his political career. This forbade ships leaving American ports for any foreign destination. This act was passed in hopes to avoid confrontation with hostile vessels. As a result of the Embargo Act, there was an economic depression, particularly in the Northeast, as presented in Alexander Anderson’s political cartoon of â€Å"OGRABME, or The American Snapping-turtle.† (Document C) As a result of the embargo, a third amendment was proposed to the Hartford Convention, January 4, 1805: This pre... Free Essays on Jeffersonian Free Essays on Jeffersonian When it came to the federal Constitution, the Jeffersonian Republicans usually held a strict interpretation of the Constitution opposed the broad constructionism of Federalists between 1800 and 1818. The Republicans demonstrated the beliefs of their party against those of the Federalists concerning the interpretation of the federal Constitution. The Jerrfersonian Republicans wanted to provide strong state governemnts for a nation of farmers. Jefferson, in the interests of his party and the nation tried to stave off war for and against the country. Everything that Jefferson and the Jeffersonian Republican's did though, was opposed by the Federalists. Thomas Jefferson and his followers envisioned a society in stark contrast to that of the Federalists. They wanted to create a society of gentelman farmers with a small central government that held minimal control over the lives of the people and merely served to protect the individual rights of everyone under the Constitution. Jefferson stated to Presbyterian minister Samuel Miller, that the Constitution would be the only thing that the government would adhere to, and not even God could change that. (Document B) This vision did not come to pass. Jefferson was to preside over a nation that was continually growing more Federalist. Jefferson was no â€Å"War Hawk.† Jefferson did everything he could to avoid war, he went as far as toestablished the Embargo Act, possibly the most umpopular move of his political career. This forbade ships leaving American ports for any foreign destination. This act was passed in hopes to avoid confrontation with hostile vessels. As a result of the Embargo Act, there was an economic depression, particularly in the Northeast, as presented in Alexander Anderson’s political cartoon of â€Å"OGRABME, or The American Snapping-turtle.† (Document C) As a result of the embargo, a third amendment was proposed to the Hartford Convention, January 4, 1805: This pre...

The Romanesque churches And Gothic Cathedrals Period Essay

The Romanesque churches And Gothic Cathedrals Period - Essay Example In spite of the Gothic period coming after the Romanesque period, the two periods, however did not use similar elements in their architectural designs. The main ideology following the Romanesque churches and Gothic cathedral were the ideologies which were used in their construction. The age during the period was known as the middle ages and was synonymous with poverty. Due to the change in the way of life between these two periods, the architecture adopted also shared a number of similarities and differences. The ideology used in the construction of Romanesque architecture was based on centered on protection. An example is that during the period, monasteries served as shelters for relics and saints, hence the practices of the two groups serving as a basic purpose in the construction of different structures. On the contrary, architectural constructions adopted by the Gothic were big churches known as cathedrals. These buildings were designed with towers. The ideology behind such a des ign was to make the people believe further in a presence of an almighty being who were placed upwards towards divinity. The cathedral designed during the Gothic period was meant to symbolize the faith and dedication of the people towards their religion. Lastly, the spirituality practiced by individuals during the Gothic period was stronger as compared to individuals living during the Romanesque.The ideal majorly practiced during the middle ages period was one that was centered on classical background.

Assignment Example | Topics and Well Written Essays - 250 words - 137

Assignment Example Thus, the equation is equal. Adding the exponents is just the shortcut in doing the multiplication of equation with different exponents. 2. The equation  is not equal to . As you can see, when you substitute the variable with the quantity 2, the first equation will yield 24,576 while the second will result to 2,304, which are not the same values. Thus, it is wrong to assume that in raising a power to another power you add their exponents. Instead, the exponents will have to be multiplied. Here is what will happen to the given equation: To test if the equation is correct, substituting the variable with any quantity will yield the same results. For example, substituting the variable with number 2 will result to 24,576 to both sides. As you can see, the only way to raise the power with another power is to multiply the exponents. 3. We can simplify the equation  + 3  because they have the same base raised to the exponent 4. As a general rule with addition, you can only add like terms. In simplifying the equation using reverse distribution method, here is what will happen: The common term common to both the sides taken as general factor is . Thus, the equation is simplified. On the other hand,  + 4  can not be simplified further because the base p is not raised to the same power. You can not add unlike terms. Thus, the equation can not be simplified

The Rise In House Prices Economics Essay

The Rise In House Prices Economics Essay The occurrence of things always produces a side effect, but it is not the right plan entry cost this is externalities.Soaring prices have far exceeded the British peoples actual purchasing power. With the rise in house prices more and more people become homeless. So rising house prices to the society will lead to kind of social influence to people. The following will use economic externality theory to analyze and discuss solutions. About this easy, firstly it will introduce the externalities theory, and then it will talk about the negative externalities of house price rise, thirdly, it will discuss some government interventions to negative externalities. Externalities are common in almost every area of economic activity. They are defined as a third party arising from the production or consumption of goods and services for which no appropriate compensation is paid (What are externalities?, n.d.). In a transaction, the producer and consumer are the first and second parties, and third parties include any individual, organization, property owner, or resource that is indirectly affected by the transaction (Negative externalities, n.d.). A benefit enjoyed by a third-party as a result of an economic transaction is called a positive externality; while cost suffered by a third party as a result of an economic transaction is called a negative externality. For example, two companies merging can lead to higher share prices and bonuses for an employee, which is a positive externality. On the other hand, a merger can lead to a competitor out of business, which may result in layoffs, and is therefore a negative externality. For this reason, share p rice, employees and competitor are third parties that not directly participate in this transaction. According to BBC News (2012), in Devon, the number of people or families waited for social housing increased by more than 40% this year. The NHF said in Weighbridge alone, between 2010 and 2011, 960 families joined the housing waiting list, a rise of nearly 40% to 3,390. It also reported a 10% rise in the number households accepted as homeless in the South West in 2010/11 to more than 3,200 from the previous year (BBC.2012). This was because house prices are too high, and rents also are high. Many people cant afford to buy a house. Result in many thousands of people waiting for a social home. Soaring prices have far exceeded the British peoples actual purchasing power. So rising house prices to the society, brought people what kind of social influence? The following will use economic externality theory to analysis. As we all know, house also is goods that are general and special. Planning, investment, development, trade and use of a series of links and processes are involved in all aspects of the social economy. The fluctuations of commodity housing price have externality. Because of it is related to everyones basic benefits. Have belonged to own a house is now many young people dream is also facing the most practical problem. But with the rise in house prices, the dream to be getting more and more far, became a luxury. Because a full-time job earned an average of $26000, 260000 Yuan, and the average house price is 162 million pounds, 1.62 million Yuan. In the face of such situation, more and more young people just graduated moved back home and parents to live, to save the rent, and at the same time, hope to get parents funding to buy a house, becoming the NEET group. British housing secretary Grant and sharp, who said the current real estate market for young people can be a terrorist. Thirty years ago, if more than thirty years old children live with your parents and you are it is a joke. Nowadays it already becomes helpless the facts. Rising house prices the most direct negative externalities is to increase the financial risk, increase the produce the change of financial crises. Owing to the real estate assets properties, its price trend must conform to the law of value, end market regulation. When the high house prices deviate from long-term market orbit, permitted in the outside of the law of value, market internal regularity will be in some violent way suddenly broke out, destroy the balance of the market. Specifically is when prices rise to a certain extent will cause the destruction of the real estate market. At this time the bank a large number of real estate credit will be unable to recover and turned bad. Make social capital chain suddenly rupture, along with the domino effect of transmission, other collective economic departments must also will be affected by a significant impact, leading to a deeper level of the financial crisis. The government must take measures to deal with rising house prices bring negative externalities. In economics to solve externalities measures have three kinds of methods. First measure is a subsidy. Subsidy means the government needs to assess the benefit to society of a particular positive externality. It then sets subsidy rates on those externalities equal to the value of the externality. This increases the benefit to customers and this result is a rise in demand and output and thus fewer externalities are created ( Anderton,2008). In UK, the government tries to use the subsidy makes an income family is able to afford a house. Their major measure is reduced the housing land and construction cost make part of the housing price can be low-income consumers to accept. That is, from indirect subsidies to the purchaser. Is currently implementing the plan, the government in some state-owned wasteland reduces the building land price, at the same time the requirement on the quality of housi ng guarantee under the premise of reduce the cost of building, in order to make low-income people to 60000 pounds (1 pound $1.80) price buy need housing. On the other hand of, the government provided social housing for low-income consumers. The measures to a certain extent, improve the people cant afford to buy a house and no room to live. But the social housing is limited, cannot make everyone have a house. Second solution is a regulation. Any government effort to influence the performance of the economy or the behavior of economic agents, especially firms, this is regulation. The British government is to improve the utilization rate of the mortgage loan allows investors to mortgage-backed securities and asset-backed bonds to the bank of England exchange for the national debt. The governments efforts to boost the number of loans available by offering banks and building societies cheap funds through the funding for lending scheme, but borrowing remains sluggish, the house prices also rise. Although increased loan availability, better rates as a result of funding for lending and increased confidence play in contributing to a slightly more positive picture for the housing and mortgage markets. Nevertheless, this does not fundamentally solve the problem, just to improve the loan amount, people still cant afford to buy a house, even to bank loans also are unable to pay off the loan. So the g overnment should take extra measures to make house prices balance. Solve people because the house price high cant afford to purchase a house situation. Third solution is a permit that is a legal document giving official permission to do something (Entrepreneur, n.d.). Along with business licenses, you may need to obtain some permits, depending on your business, to show compliance with local and state laws regulating structural appearances and safety as well as the sale of products. In UK, the government does not have any measures to allow in controlling prices of housing. The permit is not suitable use for control of the house price rising. Rising house prices go against the development of a harmonious society. It brings negative externalities is cant use money to measure. British house prices of the highest growth are southwest England, house prices have risen by an average 295%; the second is in London, house prices have risen by an average 286 %( STNN. 2012 ). When the financial crisis broke out, the price of the house just to ease the growth rate. According to the nationwide building society, house prices in the UK jumped by 0.6% in October, 2012, bringing the average cost of a property to ÂÂ £164,153 (Osborne, 2012). Nationwides chief economist, Robert Gardner, said Wage growth is still not keeping up with the cost of living and unemployment is still well above normal levels. Ordinary people cannot buy a house, to give them added economic burden on their life caused the difficulty. When people even basic housing has all become sorrow thing, may widen the gap between rich and poor, cause social strata fracture, hinder the healthy development of society. In other words, the house price rising will not only cause people to live in difficulties, at the same time, to social system reasonable construction and national health development is adversely, the produced negative externalities is very serious. In conclusion, from the deep research on externality of house prices rise is clear to us. An externality is a cost or benefit that arises from production and falls on someone other than the producer, or a cost or benefit that arises from consumption and falls on someone other than the consumer. House prices rising already nearly caused serious negative externality problem. Rising house prices the most direct negative externalities is to improve the financial risk, increase the chances of a financial crisis. Lead to people living in difficult social system, reasonable construction and national health is adverse to the development, for these generated negative externality problem, the government should think of a way to improve and solve.

Class and Culture Essays -- Sociology

Introduction In various societies across the globe, culture is normally seen as an enabling or limiting factor for social, political and economic progression. Through this understanding it has been established that there is a strong relationship between class and culture. This relationship has been previously investigated by researchers such as Pierre Bourdieu who identified that class affects culture and consequently, culture affects ones life chances, income and other economic parameters (Lane 2000, p. 1). Many other researchers have often voiced their concerns over the increased gap between the rich and the poor (worldwide) and expressed their concern over the fact that the world has failed to acknowledge the role of culture in widening this gap (Fieschi 2011, p. 1). The relationship between class and culture is of a vertical nature and it has been evidenced all over the world that the culture of the highest class is the most distinguished culture (Christie 2001, p. 201). This observation is true because the culture of the highest classes is often deemed to be superior to the culture of the lowest classes. More importantly, it is essential to understand that the culture of the highest classes also stands out because the ruling class normally comes from the highest classes and so they exert their influence over other classes. From this reinforced relationship between class and culture, many philosophers have come up with a new insight purporting that culture in its true essence maintains class domination and therefore there is no strongly distinguishable difference in the way culture and economics relate, and how economic capital works (Fieschi 2011, p. 1). However, this debate is not only one-sided because in recent decad... ...ged that university education is one of the widest platform through which high culture spreads. This is true because frankly, all elements of high culture are taught in university through various arts, linguistic, business and affiliated courses. This is a new development because in previous centuries, elements of high culture (probably with the exception of classics) were not included in the education system. This fact therefore exposes the increasingly dominant nature of the high culture in the society. To further affirm this view, it is essential to identify the increased uptake of liberal arts courses in university which essentially promotes concepts of the high culture, while generally shunning elements of the low culture. This is however not evidently seen because most universities have dropped the use of the term â€Å"high culture† but still teach its elements.

Management of the Cash Position Essay

Not only do these managers often have difficulty in comprehending sophisticated forecasting techniques, but the cash flows of their companies are usually dependent upon fewer customers and a smaller number of product lines than those of their larger competitors. Thus the cash flow pattern of the small firm is typically too unstable over time and the available data describing it too limited for reliable forecasting. The small business is subject to still other constraints, apart from those applicable to all firms, which tend to restrict the use of even relatively simple cash management techniques. Small firms, for example, are normally unable to afford the division of talent available to larger companies in the form of highly educated financial managers. Many small firms, struggling hard just to remain solvent and earn a fair return, suffer further from lack of recognition that a cash management problem even exists. Once a problem is discovered the manager may lack knowledge of the methods available for a viable solution. A solution which requires more manpower or expenditures than can be covered out of normal cash flow is Dr. Grablowsky is assistant professor and rhairman of the Department of Finance at Oid Dominion University. He has published articles in the JSBM, the Journal of Financial Education, and the Journal of Behavioral Economics. Prior to his entry into education. Dr. Grablowsky was with the Department of Cost, Planning, Systems, and Analysis at the Monsanto Co., World Head, quarters, St. Louis.  typically rejected by the small business.’ This article will present the results of a survey of small-business cashmanagement practices and compare these methods with techniques commonly employed by larger corporations. Small businesses are defined in this study as firms with annual sales under $5 million.’ Data for this study were collected by means of a mail questionnaire distributed to two hundred firms selected randomly, within the various business classifications, from classified advertisements appearing in the telephone directories of the Greater Norfolk-Portsmouth SMSA and the  Hampton-Newport News SMSA. The firms were selected in five different distribution levels, with annual sales varying from under $50,000 up to $5 million. The firms in the survey operated at from one to thirteen locations and employed up to three hundred persons, although more than half had fewer than ten employees. Of the two hundred businesses selected for study, 66, or 30 percent, responded. A breakdown of the respondent firms by industry and size is given in Table 1. The Cash Budget It was hypothesized that few of the firms with sales under a million dollars would prepare cash budgets; in fact, only 30 percent of all firms in the sample did so. Several interesting relationships were noted in this regard. One was that the newer firms 1 For an example of this situation see B. J. Grablowsky, â€Å"Management of Accounts Receivable by Small Businesses,† Journal of Small Business Management, Vol. 14, No. 4, October, 1976, pp. 26-27. 5 According to E. Donaldson, J. Pfahl, and P. MuUins, Corporate Finance (New York: The Ronald Press Co., 1975), pp. 22-23, this would include, based on average sales per company, over 86 percent of all firms in the U,S. budgets, the larger ones updated their budgets more frequently than the others. One of the reasons for the more frequent update was that none of the largest firms made more than a thirtyday cash forecast while the smaller ones normally made budgets for up to a year. This last finding is in agreement with the results of other studies showing that few firms with  sales under $3 million make sales forecasts, whereas virtually all firms with sales over $10 million prepare one or more projections for various planning periods.’ As the firm grows, cash budgeting becomes more essential.† Of the firms that prepared cash budgets, an annual planning period was the most common, although some also used weekly, monthly and quarterly budgets. No company made a cash budget for more than one year. The frequency of updating the budgets was well distributed over weekly, semimonthly, monthly, quarterly, and annual intervals. Another question asked whether or not the firm’s cash balances were being handled in the most effective and efficient manner. Of the 67 firms sampled, forty-eight replied that they felt they were efficiently utilizing their cash balances, but, of these, only eleven regularly prepared cash budgets. The assumption by the 37 firms that did not prepare cash budgets that they were efficient in the use of their cash balances is certainly made in ignorance. Conversely, of the remaining 56 firms that did not preoare cash budgets twenty-three replied, and probably rightly so, that they were not using their cash balances in the most 3 See Orgler. Cash Management, pp. 4-13, for a discusFion of factors affecting the time horizon for cash budgets. A’so see: Keith Smith. Management of Working Capital (St. Paul, Minn.: West Publishing Co., 1974), pp. 35-49, for a survey of the practices of large businesses. < Soldofsky and Olive, Financial Management, p. 559. were more likely to prepa re budgets than their longer-established competitors. A possible explanation lies in the higher educational attainments of the owner-managers of the newer firms. This characteristic, together with the attitudes of the owners toward budgeting, is believed to be a major determinant of the efficiency with which financial planning is handled in the small firm. The d^ta also showed that, somewhat contrary to expectations, in the size categories which included the largest and the smallest firms (i.e., those with less than $50,000 and those with between $1  million and $5 million in sales) a smaller percentage prepared cash budgets than in the other groups. This result was expected for the smallest firms but quite unexpected for large ones. On the other hand, of the firms that prepared cash  effective manner. This realization alone should have provided impetus to the managements concerned to investigate the need and advantages for cash budgeting—yet they still failed to prepare the budgets which could have improved their cash flow performance. The managers of these firms recognized that they had a problem—the need for more efficient cash management—yet they failed to take the proper steps to solve it. These same firms tended to take fewer of their allowed trade discounts than others, suggesting that because they did not forecast cash flows they found it necessary to resort to expensive sources of financing such as foregoing discounts. Cash Collection  actions that they could take themselves. Although only about half of the respondents had even heard of lock boxes or concentration banking, more than one-third did use one or both of these methods for reducing float time. Generally, the respondents reasoned that they could not justify expending the time and money required to reduce float, because such action would not (in their opinion) materially improve the cash position or the profits of the firm. As with many other decisions confronting small businesses, this one was usually made with inadequate information or investigation. The principal reason, again, was the lack of human resources and expertise available to the small firm. Wholesalers, because of the regional or national nature of their sales, were the most frequent users of these techniques. Businesses with a local sales orientation, such as service establishments and retail stores, were much less likely to use any method to improve cash collections.

Asses the Marxist View That the Main Role of the Family Is...

Asses the Marxist view that the main role of the family is to serve the interest of capitalism. Within sociology there are many different perspectives on the family. Each different perspective sees different things as the main role of the family. Marxists view the family in a very disparaging light. They believe that the main role of the family is to serve the interest of capitalism and bourgeoisie. Marxists also believe that the family cushions the main provider. Karl Marxs view on the capitalistic mode of production highlights the exploitative nature of the economic system. He displays how the bourgeoisie take advantage of the proletariat and their labour, the proletariat are a tool used to create profit and to keep profit margins at†¦show more content†¦Marxists also believe that housewives are producing the next generation of the proletariat. This means that more people will be created to fill the jobs of the retiring proletariat. Marx claims that societies which make use of the capitalistic mode of production are exploitative, and this claim can be proven through his description of the needs of this system and the ways in which the bourgeoisie fulfil those needs. The capitalist mode of production requires exploitation because it relies on the profit created when using the proletariat as labour and the product of that labour is another market at a higher price. Because the means of production, or the technology, machinery, and methods involved in production, are so far advanced, the old mode of production of is no longer a viable option for a member of the proletariat to sustain himself. Therefore, he is bound to the bourgeoisie and is dependent upon it to give payment for his capacity to provide labour. It is clear by now that Marxist main focus is on the exploitative nature of capitalism and its use of family a tool in order to serve capitalist. Marxism puts across narrow views about what the family should be like and what it is actually like. They pose a strong argument to prove that the main question at hand is in fact true but it all appears to be bias. The main focus is economic exploitation and the idea of patriarchalShow MoreRelatedSociology5053 Words   |  21 Pagestraditional nuclear family in terms of an expressive role and an instrumental role. However, this traditional arrangement may have changed as families have changed, and many feminists use the term ‘dual burden’ to describe the woman’s role in the family today. Item 2B Government policies and laws include tax and benefit policies as well as legislation such as relating to divorce and marriage. Sociologists have different views on the impact of these policies and laws on families. For example, feminists