Dell Strategic Analysis Report Assignment

Dell Strategic Analysis Report

Order Instructions:

1- I have read the case study, and did the analysis (you will see my findings under the attached document called “Strategic Audit Format DELL”. Please use my findings to write the report.

2- Please use the attached word document called “Dell Strategic Analysis Report” to write the REPORT, when you open this document, you will see what are the exact requirements highlighted in yellow.

SAMPLE ANSWER

Introduction

Michael Dell is the founder of Dell Inc. and this was done Austin, Texas in 1984 whereby, he had an unparalleled thought concerning the organization. Dell needed to offer PC frameworks to clients specifically by conveying the most solid registering answers to address individual issues at the obliged time with no mistake to their clients overall. Dell is a company that is majorly based in the US which does the business of selling hardware and other services that is spread all over the world. The Dell Company specializes in the production of computer systems for example, various software’s, hardware, mobile devices for networking and other electronics. The Dell Company does not only sell its products to personal consumers, but also sell its product to the institutions like the government, healthcare institutions and eve to the education sectors (Theobald, 2010). Through its very many segments, it gives its customers a wide spectrum of solutions as far as their services are concerned so that it can widen its scope of distributions to global markets. Some of the solutions that it gives to its customers range from a series of configured IT and even networking and storage of the products through embracing infrastructure technology that is done through consultation and applications. For the dell company to carry out its business effectively, it must develop a well framed business strategies and plans.

Dell is an organization that conveyed change to its immediate model of offering and in the year 2007, the organization wound up making the first stride towards a worldwide retail methodology. This method involved taking off issues by including retail as a new channel and growing its administration offering to fulfill its clients and fulfilled. Dell began to offer its two models of PCs at more than 3500 stores of Wal-Mart in United States, Canada and Puerto Rico. In 2003, the administration of Dell chose to change the name of organization from Dell Computer Corporation to Dell Inc. This was finished to the point of perceiving the quickly expanding expansive product offering offered by the Organization. Keeping in mind the end goal to lessen the general cost that it used to bring about, the organization reported to offer most or every last bit of its assembling offices inside 18 months. This was until January 31, 2007, Kevin Rollins leaves because of the poor monetary execution and negative NEWS scope of the organization that prompted the arrival of Michael Dell as the CEO of the organization.

About the industry

The PC industry is mainly dominated by big players such as Microsoft, Apple, HP, IBM, Samsung, among others. In 2007, Dell was taken over by HP in terms of the market share and the condition has remained the same to date. Currently, Apple is the largest technology company due to the size of their shares and their huge sales in various places in the world. The Launch of the Windows 3.0 changes the computer market industry in favor of Microsoft such that some players were locked out of business. The launch of smartphones has destabilized the market forces in the PC industry, since such phones have almost similar capabilities like the PC.

Company Background

Dell is an organization that works comparable with Microsoft windows that changed plan of action and elements of the business. Dell is dated to be one of the biggest innovation organizations of the world regarding aggregate estimation of its impacts that are so colossal and alarming to numerous financial specialists who are intending to venture in a PC based business. The organization’s Netscape gave the first open to all online worlds Browser, which was of incredible utilization of a large number of the individuals who are keen on its operations all inclusive (Dell, 2015). Dell is an organization that drove the business sector until Microsoft entered the business sector with Internet Explorer that brought any changes into the technological world. In the year 2007, HP took the first opening as far as a piece of the overall industry from Dell. Notwithstanding, the dispatch of Window 3.0 in 1990 and Windows 3.0 changed the plan of action of the Dell business to the Microsoft’s Advantage over Apple, IBM, Atari and many different frameworks. This was so much felt yet because of the way that clients weren’t bolted into one seller’s item things were conceivable and well operational. The dispatch of the iPhone acquired Genuine made changes the cell phone industry and was the first notion of versatile that could in the long run destabilize the PC area of DELL Company. It never took so long that the organization chose to present iPad that later denoted the start of the end of the PC business, which had been a huge business foundation of the Dell organization. Dell is an organization that has contenders like Apple II that was framed in the year 1977and IBM PC that was shaped in 1981. They have all been attempting to try their hardest and coach clients in the business sector in their procedure of contending to be the best. There has been high upgrades made on the nature of generation as this is the key part that will help DELL as an organization to hold its old clients and get new ones in the business.

The organization encountered a VR “Virtual Reality” Announcement by Microsoft in 2015 in blend with the “visualization Glasses”. Different organizations, for example, Samsung Oculus and velvet are said to have experienced the same Virtual Reality declaration by Microsoft that served to hone their abilities the way it accomplished for DELL. The VR Innovation that is utilized for utilization by Dell is going to lead the world and a decent substitution to numerous different gadgets that are exceptionally required and needed in the figuring business.

Past Problems in DELL

Dell is an organization that was confronted by issues in the past and they incorporate the Poor monetary conditions all through the world and the end of web air pocket that meddled with its operations. For as far back as 10 years, a great piece of the Personal PCs (PC) deals were for tablets and PCs in the $799-$999 territory. If the organization utilizes a PC or Laptop 20% of the time, the most astounding value they need to pay is $599 and this was recorded to be too low as they thought things could be on their side. In 2002, the general interest for the PC frameworks and administrations declined on account of the world monetary shortcoming. This turned into an extraordinary test for the DELL Company to manage as it couldn’t make to deal its items to its clients and achieve its objective according to its arrangements. There was the ascent of minimal effort equipment PC makers in China and numerous individuals because of the falling economy needed to get the modest equipment’s so they redirected their regard for purchase them in China. This turned into a downside to the organization that wound up losing the greater part of its clients because of the failing economy. Regardless of purchasing the PC equipment’s in China, they also understood that they were not up to the norms that they wanted and couldn’t help make quality PCs as needed by their clients along these lines they lost numerous clients to their rival Apple who was currently best in quality generation of items. Numerous clients who were in the wake of getting a quality items occupied their business with DELL and went to Apple. Dell stood up to a test due to the rapidly changing advancement that it was not used to. It fails to handle the conformities in development in the blessed time in this way, its opponents had an unassuming time of telling in the business division. The failure of getting a handle on the changing advancement in incredible time made Dell to be directly in its operation while customer required now to buy extraordinary online and they were without further ado urged to oversee Apple who had used the usage of the new development on a helpful reason. The Increasing Unit Sales and Volume however Sales salary kept decreasing as a result of contention in the perspective of esteeming. This provoked DELL not making incredible arrangement as a result of the high expenses top it put in its stock. Customers fled away as a result of the high expenses that they stood up to in DELL. Customization of Desktop “Less extravagant Price” was another test that DELL expected to face. This is because, the association now had low arrangements that couldn’t entirety to the hungered for formal level as it expected to hold its customers appropriately encountered an adversity. New associations that created were a danger in view of the fulfillment felt by Dell. These associations were arranged in – Chinese, Korean republics and in the United States of America. There was Slowed enthusiasm for the ranges of the association in view of the nonappearance of enough supports to finish the procedure. The PC business felt some shivering issue due to reality that development had not been handled, especially in DELL and this incited directed examination that made it to fall behind. In spite of their being numerous issues previously, the organization is as of now encountering some different issues that are as an aftereffect of the quickly changing industry drifts that are felt in the PC business. In the late the DELL’s PC business slammed in the first quarter of 2013 with the new PC shipments falling 14% contrasted and the same period a year ago (Dedrick, 2008). This has been as an aftereffect of the organizations that give best PC because of innovation that is utilized in their premises. They have utilized individuals with best brains who can help in changing the world with the innovation that they have within their reach.

There is another challenge that is being confronted by DELL Company in the later. This issue is presently connected with the way that PC Users now have significantly more decision than anytime recently, which influence what they purchase and they can choose to purchase cell phones or even iPads, tablets that perform comparative parts with PC’s. Notwithstanding this, they can secure them frame other reason at a less expensive cost as they are delivered by numerous organizations like Samsung, Apple among others. Dell is encountering a huge test that is connected with Industry Convergence and Domination of Larger Players who have now commanded the business sector. A portion of the enormous player in the PC’s business who have commanded the business are similar to Apple who are currently extremely overwhelm because of the fat that they give the best of items needed by their clients because of their brilliant and practical measures that given the offer of the organization’s items. Another test that is confronted by DELL is the way that most PC creators do little item advancement all alone. This has driven the organization to depend for the most part on their suppliers for item advancement, and on Microsoft and Intel for new advances that they will use in their creation. All things considered individuals have discovered they can do as much as 80% on a tablet that they used to do on a PC and they have turned structure, acquiring PC’s to the purchasing of tablets that are not delivered by DELL. This implies that they need to make low expenses as they don’t create tablets, which are presently needed by customers in the business. Because of the issues of advances and also advancement propelling consistently, the PC business has now been made fiercer and DELL as Company is feeling this extraordinary effect; since it doesn’t grasp innovation with its moving pace. This implies that a long time from now risks are there will be a couple of PCs at home. Furthermore, DELL is very tested with this exploration discoveries. Around then individuals will be wearing PCs (embedded) for instance, in eyeglasses and this will imply that if DELL does not change its line of creation it may endure enormous misfortunes. Exploration demonstrates that Future is anticipated that individuals will like a wearable PC or gadgets like savvy, Google glasses, VR and numerous more items, which are not made by DELL Company accordingly, an enormous test for them. This is an unmistakable sign to the organization that it’s truly experiencing a genuine test that if the right measures are not imparted set up it will have high issue. Hence, the administration of the organization ought to wake up and gaze grasping new changes in the innovative world at the earliest opportunity.

Company’s Vision & Mission

Dell is an organization whose vision is to be the best in matters to do with data innovation Systems that must be utilized in the Company on a worldwide level by conveying the best client involvement in all business sectors they serve (Burns, 2011). The mission of the organization is to be much focused and try their hardest to inspire their clients who are exceptionally needing their backing.

Company’s Goals and Objectives

Dell Inc. As of late set an objective for the year 2020, known as legacy of good, which is a Corporate Social Responsibility (CSR) activity and also intended to build up a maintainable planet in the whole environment. Dell Inc. has a set goal, which is to give great quality support of its client at the least cost conceivable. Dell has done a few Improvements in client productivity that will help avow its goals that it cravings to work with (Dell, 2015).

Company’s Structure

The structure of the company is based under three strategies that it has employed for use in its premises. These strategies are inclusive of the corporate strategy, business strategy that works hand in hand with the human resource department to ensure that all functionality of the company are in the right place. The third strategy that is employed for use is the functional strategy that ensures that all the functions of the company are well done according to all the plans that were set aside and ensures that all the workers in the company are given all the desired privileges together with being encouraged to worked harder to the success of the company. The company has structured their products in a desire way that really impresses the customers by ensuring that they simplify their products and services in accordance to the desires of their customers who will be more impressed if they obtain what they want. DELL Inc. The structure is in a way that impresses their customers and this enables them to be in a better position of even attaining more customers. The structure ensures that the company has a good management from top managers up to the lowest mangers and that they carry out their duties accordingly. This ensures that the industry gives a win with industry-leading end-user computing solutions that enhance the scale of alternative computing solutions.

Company’s Range of Products

Dell center business level technique is easiest method; the organization is themed to lead the business by promoting the pattern of minimal effort and lean assembling. Dell’s online form to request and Just in Time stock framework is a reasonable evidence that dell seeks after Low Cost Strategy as its Business Level system. Dell likewise seeks after Differentiation method, its aggregate customization alternative and building your own PC is an exceptional idea which no other Computer maker takes after. The main product of this company is personal computers.

Computer Platform

The significant highlight of the practical level procedure of Dell is that the organization concentrates on utilizing its solid abilities as a part of direct deals, minimal effort assembling, store network administration capacities so as to build the classification of its items through which the organization can convey increased the value of its purchasers at lower cost. Utilize the focused abilities of organization in servers and PCs to seek after chances of income development. Dissimilar to the contenders that take over the customary model of worth chain, Dell does not keep up in-house supply of completed product inventories.

Corporate structure/culture

The Current corporate structure includes groups and group administrators who report specifically to senior directors or venture supervisors. The hierarchical structure is level and power is assigned to representatives. Administration in Dell has confidence in engaging its workers, Dell has some essential rules and winning with respectability is a piece of it, it makes Dell’s way of life aggressive. Dell’s way of life is developmentally focused; it is intended to incite advancement and innovation in representatives.

SWOT analysis

Strengths of the Dell Company may include the following market leadership, direct sales strategies, price on the basis of performance, most updated technology and many other more.

Weaknesses include over reliance on the institutional and corporate sales, non-acceptability in the retail sectors. Lack of technology in the company is a weakness that brings operations down. Production of one product of the company is a weakness as people need a range of products that they can be able to choose from.

Opportunities: markets that are unexploited enhanced usage of the internet that results in increased demand for the laptops and even technological modernization. The Partnerships that are evident with local manufacturers in researching the market insight and the Favorable situation that come as a result, in safeguarding the green field investments is a strength to Dell Company. The exchange rate is to the advantage of the company, together with low labor costs and tax rates that they are now experiencing.

Threats may include: impulsive trends in the market places, a financial crisis that is a great challenge to the whole world and the price wars. There are high sanctions that have been experienced by the company and they have resulted in high weakness in the company. There are restrictions that deny the multinational companies like Dell to be able to move their profits to certain percentage and this becomes a weakness.

Societal Environment Analysis (Pest Tool)

Political factors: various aspects of the politics have great impacts almost in all parts of the world. They may range from the government directives and even the institutional policies. In the case of the Dell Company there is one big threat of politics or the legal environment this is mainly seen as a threat because political factors involve government regulations that define terms and conditions that any business must operate within. Therefore, it is very important to consider this factor since many countries are still restrained by some of these policies which are put to defend domestic manufacturers and producers.

The economic environment may include the nature of the economy in which various companies compete. Some of these economic factors are like company directives, restrictions that are put in the budgets and even the income generation measures of the organization. The main challenge for the Dell Company as far as the economic environment is concerned is the degree of piracy.

Social factors which include the culture of the society and in some cases it may include attitude and the values, especially the change in the lifestyle of the people, change in the consumption patterns, attitude towards work and even to some great extent in the education and health. These external social factors may affect the way the company provides solution to the problems so that they can meet the demands of the customers since customers can decide to work with one vendor that serves all their interests. The major social factors are inclusive of the increased global target audience, effects of the brand name that may or may not be liked by the customers. Other factors are inclusive of the literacy rates of a region and the factor that determines how a customer finds an easier way of shopping online to save time and money.

Technological issues: the most important technology issue for the computer industries is the speed and the rate of adoption of the newly introduced technology that can greatly affect the effectiveness of the organization. There are factors that influence the technology that is supposed to be used in the industry and they are inclusive of; the ease of access to new technology, decline in technology cost and the global production factor all aimed at enhancing the functionality of the new technology.

Industry Environment Analysis (Five Forces)

The most important tool that can be selected as a way to be used to analyze the situation of the company as far as control recline is concerned is the porter’s five forces model. This is mainly because it helps the company to understand its strong points against its competitors in the market places. According to this model, competition in the industry can be as a result of five forces that are combined together for example the competition, rivalry within the organization, possible entry of new competitors in the market, possible growth of the alternative products, and bargaining powers of both the suppliers and the customers. For the rivalry against its existing competitors, there are many players like the Toshiba, HP, Gateway and many other companies that offer cost and competitive benefits. Threats of new entrance into the market: Dell Company has the obligation to do better so that they can beat their competition through producing using the most recent technology and then put their prices in a way that they will compete favorably. The bargaining power of the buyers: for many computer industries, customer bargaining power has been very soaring this is mainly because of the very little reliability of the brand in the market places and also due to the products of many producers look like. The bargaining power of the suppliers: because of the fact that there are very few vendors who are capable of supplying the major components of the computer, the bargaining power of the trader in the computer industry has also elevated.

The availability of substitute products in the market places has greatly impacted on the sale and productivity of the computer elements. They have the oligopoly kind of the market structure since most of the producers of the computer parts produce similar products.

Internal environment

Corporate management and management team

Dell is a company that is majorly based in the US which does the business of selling hardware and other services that is spread all over the world. Dell Company specializes in the production of computer systems for example various software’s, hardware mobile devices for networking and other electronics. Dell Company does not only sell its products to personal consumers, but also sell its product to the institutions like the government, healthcare institutions and even to the education sectors.

Corporate culture

Through its very many segments, Dell Company gives its customers a wide spectrum of solutions as far as their services are concerned so that it can widen its scope of distributions to global markets. Some of the solutions that it gives to its customers range from a series of configured IT and even networking and storage of the products through embracing infrastructure technology that is done through consultation and applications. For the dell company to carry out its business effectively, it must develop a well framed business strategies and plans.

TOWS Analysis outcomes TOWS analysis outcomes

Basically, TOWS has been just SWOT which is spelled from behind if we are keen to observe and SWOT is an acronym of Strengths, Weaknesses, Opportunities and Threats. The results of the SWOT analysis can be represented in a matrix which contains the Strengths and Weaknesses as the internal pieces intersecting with Opportunities and Threats as the external factors. Appendix A shows a representation of TOWS analysis outcomes. ST (strengths-Threats) considers making use of the internal strengths in order to run away from the external threats. An example is when the company faces a threat of its funds decreasing at an alarming rate; the company will be posed to a challenge of finding other methods of obtaining funds like making use of volunteer management software so as to increase efficiency and effectiveness (Burns, P. 2011)

WT (Weakness-Threats) which is a defensive position in the matrix and functions to try and avoid threats while minimizing on weaknesses and is considered most of the time when the organization in question is in a really bad position. For instance, the company may be facing the threat of losing funds and the company reacts by merging some of its programs with other organizations to save on resources and wait until its funding becomes stable.

External Factors Analysis Summary

The external factors analysis summary illustrates an automated version of organizing external factors in terms of both threats and opportunities and looking at how an organization makes response to these factors basing their arguments on the importance of each of the two factors. In this case, the sum of the weight is not supposed to go beyond the weight give to each factor, that is, 1.00 is the most important factor while 0.0 is not important. Moreover, a rate is assigned to each factor whereby 5 stands for outstanding and 0 is poor. The weighed score is calculated by finding the product of weight and rate of each factor.

Internal Factor Analysis Summary

The internal factor analysis summary consists of a spreadsheet provision that is relatively easy to use in an attempt to analyze the strengths, weaknesses, threats and opportunities in a particular organization. Once again, the rate and weight are used in the analysis. In this case, the total sum of weight must not be more than the weight of each factor as given in the summary and 1.00 weights refer to the most important factor while 0.0 factors are not important. When a rate of 5 is assigned to a factor, the factor is outstanding while that which is assigned 1 is a poor factor. Nevertheless, the weighted score is calculated by obtaining the product of weight and rate of each factors.

TOWS analysis: Strategic factors analysis summary

Strategic factor analysis illustrates a combination of some of the most essential factors of both the internal factor analysis summary and external factor analysis summary. This strategic factor analysis also outlines an overall outlook of an organization based on its strengths, weaknesses, opportunities and threats. The rate, which implies how well an organization responds to the factors, and also the weight which stands for the importance of the factor are some of the issues that are taken into account. Weight for each factor is assigned whereby 1.00 is very important while 0.0 is not an important factor. Nevertheless, all weights must total to 1.00. A rate of 5 to a factor is considered as outstanding while that of 0 is considered to be poor. The letter X is typed to each factor to imply the significant amount of time each factor will take. The weighted score is established by finding the product.

TOWS matrix and strategic alternative summary

The TOWS matrix is helpful when it comes to visualization of the analysis whereas it is very vital to understand how the elements of the matrix work together for positive results. When any particular company or organization manages to match the internal strengths to external opportunities, it gets the advantage of increasing its competency towards its customers.

SO (Strengths-Opportunities): This implies using the internal strengths to maximize on opportunities available for instance spending more time and focus on writing grant proposals if there is a lot of grant money availed.

WO (Weakness-Opportunities) which implies an improvement of the internal weaknesses by utilizing the external opportunities available. For instance, if there are lots of grant monies available and the company does not have grant proposal writers, the company may consider hiring or employing an expert or consultant, or better still send an employee for training on grant proposal writing.

ST (strengths-Threats) considers making use of the internal strengths in order to run away from the external threats. An example is when the company faces a threat of its funds decreasing at an alarming rate; the company will be posed to a challenge of finding other methods of obtaining funds like making use of volunteer management software so as to increase efficiency and effectiveness.

Recommendations

Review of the mission and vision

The company should review their IT system manufacturing in order to enhance automation of their services. The implementation of IT in their operations will see the realization of low cost production and a subsequent increase in profits realized by businesses.

Review of the goals and objectives

The company should review that goals and their objectives and make them be in tandem with the lowest possible costs as they strive to enter the untapped computer market and increase their productivity. Provision of good quality goods and services to the customers and offering cheap computers should form part of the company goals. The overall objective of all these goals should be focused at improving the market share of the computer market and to improve on their productivity.

Strategic Alternatives (Corporate, Business, Functional)

In order to ensure a brighter future with fewer uncertainties, the company must begin to diversify their portfolio and opt for vertical integration in their business operations. Focusing on one product alone is risky business since the business can be struck by unforeseen circumstances.

Corporate Strategy

In terms of corporate strategy, the company should focus on internationalization of their products in order to reach untapped market.

Business Strategy

In terms of business strategy, the company should focus on implementing proper structure of business operations to enhance their overall presence in the computer industry. Moreover, the company should develop their business competency to enhance their competitive advantage as they strive to increase their market presence and to gain a big market share.

Functional Strategy

The company should capitalize on the latest advances in technology and streamline their operations in line with Information Technology to improve on their efficiency and reduce operational costs. Another functional strategy that the company should consider is to expand their operations into new markets in order to increase their sales and their overall revenues. Since the production costs at the company are still relatively high, a cutting costs strategy needs to be implemented by implementing a costs effective value chain in the organization.

Strategy Implementation

For Dell to move forward, the company needs to come up with the strategy information across the organization that will increase overall business performance. Another form of strategy implementation is that the company should withdraw from some of the activities that can perform well at lower costs in the value chain in order to maximize their profits. This is because such activities are very expensive and would make the company avoid expensive costs related to the cost of production. The management at Dell should ensure that the critical and core competency issues are kept in house with the aim of ensuring that the company moves forward. Since the company is determined to make profits, the company should explore the alternatives of selling their products through retail outlets and devise a plant to reward sales people on direct commission. This will ensure that the sales people work hard to meet their target and the company stands to benefit through increasing their sales. Moreover, the company should focus on high revenues and market share by putting more focus on the product development and market development.

Keeping in mind the end goal to improve their game changer, the organization ought to proceed with their internationalization arranges and guarantee that their organization works in all sides of the globe. This can successfully be accomplished by securing nearby and promising PC organizations. Moreover, the organization ought to move to a bio-comparable business to help in items broadening to enhance the general danger of overreliance in one item. The organization can likewise change their assembling areas to empower them diminish expenses and make more benefits. Because of headway in innovation, Dell ought to exploit online stages to enhance their corporate distinguish by dispatching forceful showcasing in the online stages.

The organization needs to search for little however encouraging PC organizations and converge with them so as to avoid future rivalry and grow their regions. The assembling focuses likewise need to be moved into territories with shabby assembling expenses to diminish the organization operations and build their general benefit. The organization ought to likewise contract their advertising methodologies and to build their center to the individuals who need PCs. Dell has kept up their emphasis on the business with the point of turning into the business sector pioneer. The organization has enormously put resources into HR to empower advancement and imagination required in the association. Furthermore, the organization likewise has a key center that is gone for using the assets in zones with most extreme effect to the association and their clients. The organization has likewise profited the physical assets, for example, the hardware, offices, and account to backing their operations without diversions. The organization has additionally been fruitful in gaining and keeping clients through their quality items and corporate brand substance.

Strategic Evaluations and Control Standards

Dell should focus on their future strategy to enable them know exactly what they are looking for as part of their future strategy. In this regard, the company should decide on what they are looking for to measure the things that is likely critical to their business model. Dell also needs to put specific business performance measures that are established on the expected performance and actual performance. Constant evaluations must be carried out to ensure maximum control of the specific business performance with the aim of improving on the company operations. In the case where the company performance measures that fails to meet the company objectives, the management at dell should come up with specific correction strategies that are directed to areas with shortcomings. Moreover, the company should look towards further improving on its performance with their aim of becoming the market leader in the computers market. In this regard, the management at Dell should ensure that they work hard in the three forms of organizational controls such as operational control, strategic control, and management control.

References

Burns, P. (2011). Entrepreneurship and Small Business. Palgrave Macmillan.

Cooney, M. (2011, May 11). A potted history of the IT industry: 25 years of milestones. Retrieved from http://www.computerworlduk.com/slideshow/it-business/3278948/a-potted-history-of-the-it-industry-25-years-of-milestones/

Dedrick, J. (2008). Globalization of Innovation. Boston: Alfred foundation.

Dell. (2015). Dell 2020 Legacy of Good Plan. Retrieved from Dell corporation: http://www.dell.com/learn/us/en/uscorp1/2020-goals

Theobald, W. F. (2010). Internet Resources for Leisure and Tourism. Dunsmore: British library catalouge.

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Japan and Turkey Hybrid Scooter

Japan and Turkey Hybrid Scooter Order Instructions: You will write a final executive summary describing Japan and Turkey’s is best to execute your company’s strategy for the hybrid scooter.

Synthesizing the information you have gathered is an important skill upon which your company’s management team may rely for decision making.
Write a recommendation to your management team on the following:
• Of Japan and Turkey, which one has the best economic market for this product? In which country will it sell best and why?
• Out of Japan and Turkey, which country would have the best chance of attracting talent? Be sure to include which country is more likely to have an employee base with the skill sets necessary for the sales representative position, based on the research you conducted during the course on demographics, literacy rates, et cetera.
• What cultural factors will most influence recruitment strategies?
• Based on what you know of the culture of the country you’re recommending, what obstacles, if any, might you encounter as you train new hires on teamwork in this environment?
• How will you design a training environment that minimizes these obstacles?

Japan and Turkey Hybrid Scooter Sample Answer

Executive Summary

Hybrid Scooters today remain a typical transport mode in the modern world today since they save on space and uses solar energy in operating as compared to the old models that consumed fuel. As the leading company in the sales of these hybrid scooters, we aspire to make transportation cheaper and efficient in Japan. The company took an approach and carried out an analysis between two countries-Japan and Turkey with the aim of finding a favorable sound market.

Turkey’s economy as revealed in the analysis was bound to grow at an alarming rate a factor that will have an impact on the market trends. When Turkey overcomes the barriers in education, unemployment, and labor markets, the long-term economic health of the country would be improved. With this is taken into consideration, it is important that for this business to find a base in the country, both the markets would be favorable for the business (Kotha, Zheng, & George, 2011). Considering the target audiences within these countries, it is important to point out the largest client base will be on the youth and women who hold the most significant part of the population in both the countries.

Japan’s largest age group tends to be higher as compared to that of Turkey (Komine, & Kabe, 2009). Most of these persons between these age groups have gone through higher education with a big number of this population working actively. Japan will serve as our market catchment area since the company is well endowed with a huge client base that would benefit the company. Japan remains the main therefore remains one of the influential country that would attract talent. This can be witnessed by the aspects of developmental strides the country has made. With the technological growth, the company remains on the list of developing first World Company.

Japan and Turkey Hybrid Scooter and Cultural factors will most influence recruitment strategies

The cultural factors that affect the recruitment strategies mainly lie on the social behaviors, attitudes, values, and beliefs concerning a recruitment process. These social systems have an impact on how people think in regards to a recruitment process. Some undeveloped areas would not embrace the web based recruitment procedures due to either illiteracy, or due to the fact that they are used to the traditional methods of recruitment (Schmidt, et.al). These factors may hamper the success of a recruitment exercise since the organization may not find the best candidate for the job.

Cultural Barriers Encountered During Training and Japan and Turkey Hybrid Scooter

Different cultures differ in the way they express themselves in different situations. A misunderstanding is created whenever two people from different cultures try to analyze something together. When expressing a point, a person may have good intentions but somebody else from a different culture might end up having a wrong perception about it. Therefore, trainers may find it difficult to teach workers with a different understanding about different things and who react differently in different situations. Language barrier is also a very common challenge faced by trainers (Yap, & Webber, 2015). If some employees use only their mother languages to communicate, it may be extremely tricky for the trainers to meet their demands. Time may also be a problem since the trainers need time for themselves. All these differences are likely to cause disagreements in workplaces thus leading to poor performances at work.

Design of a training environment that minimizes these obstacles

In order to have a good and effective plan, that will help the employees from different cultures, it is important to handover different responsibilities to different people after which they are interchanged after a certain period of time. This will help the workers realize that they are all equal irrespective of their cultural differences. It is important for a trainer to spend time and evaluate his or her workers and try to obtain information so as to have a clear mind on what needs to be addressed (Kuvaas, Buch, & Dysvik, 2012). This will help the trainer to seek information from different departments thus making the process easier.

A good trainer should interact with other instructors from different departments, which helps them to be diverse and always have something different to offer. In larger organizations, a decision has to be made on whether the trainer wants to have one lesson for all employees or group them according to their levels. In order for the outcome to be impressive and be of great help to the workers as well as improving their understanding, training should be conducted differently since the learning abilities vary from one employee to another (Kuvaas, et.al). Some understand when given materials to read others, are good at observing and others by listening from informants (Farrell, & Hurt, 2014). The workers tend to benefit more when training is done in favor of their preferred style. The workers should be allowed to contribute and give their views and feelings about different issues since they have the highest contribution on the success of any organization.

Japan and Turkey Hybrid Scooter Conclusion

Out of this, it is significant to realize that Japan remains the most influential country that can form a base for our company in the employment sector. Since the company is also a fast-growing economy in the digital world, it is important that the services offered in this county meet the demands of the targeted audience.

Japan and Turkey Hybrid Scooter Works Cited

Kotha, R., Zheng, Y., & George, G. (2011). Entry into new niches: the effects of firm age and the expansion of technological capabilities on innovative output and impact. Strategic Management Journal, 32(9)

Farrell, L., & Hurt, A. C. (2014). Training the Millennial Generation: Implications for Organizational Climate. E Journal of Organizational Learning & Leadership, 12(1), 47-60.

Yap, Q. S., & Webber, J. K. (2015). Developing Corporate Culture In A Training Department: A Qualitative Case Study Of Internal And Outsourced Staff. Review of Business & Finance Studies, 6(1), 43-56

The Managerial Revolution in American Business

The Managerial Revolution in American Business According to Alfred Chandler, the industrial revolution did not change the fundamental nature of business.

Rather, the changes in transportation and
logistics fundamentally changed the nature of production, distribution, finance, accounting, and management requiring a Visible Hand. Discuss this idea. Your
answer should describe how the early industrial revolution changed operations and how the railroads caused further changes. Do not focus excessively on
specific changes in transportion, focus on its impacts on business and society. Include a discussion of how and why business changed (eg production, labor
force, distribution, finance, accounting, management) from the model seen in earlier eras. Please only use reference from Alfred Chandler’s book: The Visible
Hand.

Trade between Turkey and Japan

Trade between Turkey and Japan Order Instructions: For this assignment, you are to analyze the different economic opportunities in Japan and Turkey.

Imagine your company produces a hybrid scooter that is suddenly popular because it uses solar energy exclusively and can hold a charge for more than one week or 1,000 miles. This affordable transportation alternative appeals to women and men of all ages. You are responsible for hiring a sales representative for this company. Your sales representative will be introducing the product to these new markets (Japan and Turkey), but keep in mind that the product is known through television and other media. The initial tasks for this sales representative will be to set up offices in your selected country, create marketing materials appropriate to their home culture, and negotiate contracts with appropriate dealerships in their market.
Make a recommendation to your management team that demonstrates your analysis of different economic opportunities for Japan and Turkey. You may want to refer to The World Factbook for more demographics information.
Address the following in your paper:
• Compare the market for this product in Japan and Turkey.
• Compare the data on age, economy, labor, literacy, and unemployment rate for Japan and Turkey. How do these findings affect your company’s ability to attract talent there?
• Out of Japan and Turkey, which is more likely to have an employee base with the skill sets necessary for your industry?
Japan
• Bering Guides. (2003). Business travel in Japan. Lindon, UT: Axiom Press.
• Going Global. (2013). Going global career and employment resource guide for Japan. Japan Career Guide, 1–137.
• IHS Global. (2014). Country reports: Country outlook: Economic – Japan. Japan Country Monitor, 1–14.
• World Trade Press. (2010). Japan: Society and culture. Petaluma, CA: Author.
Turkey
• Business Monitor International. (2014). Turkey business forecast report, (3), 1–47.
• World Trade Press. (2010). Turkey: Society and culture. Petaluma, CA: Author.
• World Trade Press. (2010). Turkey: Women in culture, business, and travel. Petaluma, CA: Author.

Trade between Turkey and Japan Sample Answer

Introduction

Trade relations between Japan and Turkey have evolved since the 19th century. In the 1980s, sources assert that a consortium of Japanese firms constructed a bridge that connected Asia and Europe. Through this, the Japanese companies began making partnerships with the Turkish conglomerates and provided loans and investment opportunities for the Turkish. Today, the trade markets and economic relations between these two countries have immensely evolved. Some of the multinational companies have found internationalized markets in these countries (Eece, 2014). Direct investments amid Japan and Turkey the two have also considerably increased with both the country entering into negotiations for a Free Trade Partnership Agreement.

Turkey’s economy is dominated by a blend of traditional craftsmanship and modern industrial companies with the latter dominating the market. The country also has a rapid growing mainly experienced in the private sector ventures. On the other hand, Japan is experiencing a steady and first growing economy with the private sector businesses thriving well in the market. New companies are created with the existing ones experiencing growth levels. This depicts the growth levels of the economy of this country (Eece, 2014). This paper, therefore, seeks to investigate the different economic opportunities in Japan and Turkey.

Trade between Turkey and Japan and Compare the market for this product in Japan and Turkey

Although Japan and Turkey are considered as growing nations, it is significant to realize that Japans economic growth supersedes Turkey’s growth, with the GDP per capita also registering higher. Japan. With the huge population rate of Turkey, it is important to note that there would be a shift in the economy since the demographic dividend gives Turkey an advantage. Japan’s largest age group tends to be higher as compared to that of Turkey (Komine, & Kabe, 2009). Most of these persons between these age groups have gone through higher education with a big number of this population working actively.

Turkey’s economy is however bound to grow at an alarming rate a factor that will have an impact on the market trends. When Turkey overcomes the challenges in education, unemployment, and labor markets, the long-term economic health of the country would be improved. With this is taken into consideration, it is important to notice that for this business to find a base in the market, both the markets would be favorable for the business (Komine, & Kabe, 2009). Considering the target audiences within these countries, it is important to point out the largest client base will be on the youth and women who hold the most significant part of the population in both the countries.

Trade between Turkey and Japan and Compare of the Data between the two Countries

According to sources, the unemployment rates in Japan have over time decreased by up to 3.40 percent from February this year. The unemployment rate in the country also stood out at 2.72 percent as per the statements from the relevant authorities in the country (Kotha, Zheng, & George, 2011). In terms of employment, close to 71 percent of the population group aged between 15 to 64 in Japan have fully paid up jobs. 80% of men in Japan are in fully paid work, as compared to 61% of women in the country. It is also crucial to note that people in Japan work 1145 hours in a year since the employment rates are generally higher for people who have gone through higher education. It is also estimated that 81%of the individuals who undergo tertiary education have better-paying jobs as compared to those without upper secondary education.

On the other hand, as at 2012, Turkey had a population of close to 80 million people with the median age of 28.8 years. This makes the country the most populated in the world. The rate of unemployment seems high especially in the rural areas. The percentages of unemployment in the country are considerably higher than the national average (Kotha, Zheng, & George, 2011). Close to 70% of the country’s population is made up of women and the youths. Education remains the backbone of the growth of the country, with close to 75% of the country’s population working.

Considering the outcomes of the data provided in this section, it is important to realize that for the scooter business to yield the expected results, there are factors that should be considered. Business need to plan for the massive impacts that are caused by the demographics of a country since they determine how customers behave. An organization that fails to understand the demographics of a country is bound to fail in, market venture. However, those organizations that understand the demographical shifts may take over the markets to a large extent. According to the data provided, the scooters would be a cost effective transport utility for many of the populations in the two countries (Kotha, Zheng, & George, 2011). However, the sales of the scooters depend on the particular target audience. Since Japan is heavily populated with women and the youths, this business would thrive so well in the market. Ages of the target audience also determine the strength of the marketplace.

Trade between Turkey and Japan Conclusion

Japan remains the most influential country that can form a base for our company in the employment sector. Since the company is a fast-growing economy in the digital world, an increase in demand for skilled workers is, therefore, one of the fundamental aspects that our company would consider. The country has a growing trend in the digital marketing literacy, a factor that makes the workforce in Japan efficient in service. The countries growing market is also a factor that our company will consider in reaching the target market.

Trade between Turkey and Japan References

Eece, D. J. (2014). The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms. Academy Of Management Perspectives, 28(4), 328-352.

Komine, T., & Kabe, S. (2009). Long-Term Forecast of the Demographic Transition in Japan and Asia. Asian Economic Policy Review, 4(1), 19-38.

Monitors and Lighting are among the Products of Philips

Monitors and Lighting are among the Products of Philips Order Instructions: Note: To prepare for this essay please read the required articles that is attached

I need an essay in the following subject:
Your task is to prepare an annotated outline of your Final Project, briefly indicating the content you plan to include in each section of the report and the concepts and techniques you plan to apply for analysing any data and developing your argument.

The outline should not include detailed sections of the Final Project. Instead, it should be a specific and crisp overview of the contents that will comprise the final report.

You need to briefly describe what information you will include in each section of the report that will work to satisfying these requirements. The work that will be carried out in the outline should represent a higher-level view than the contents of the Final Project. As such, you must remain at this level to avoid reusing the same wording in the final document.

Also, 1) The answer must raise appropriate critical questions.

2) Do include all your references, as per the Harvard Referencing System,

3) Please don’t use Wikipedia web site.
4) I need examples from peer reviewed articles or researches.

5) Turnitin.com copy percentage must be 10% or less.

Note: To prepare for this essay please read the required articles that is attached

Appreciate each single moment you spend in writing my paper

Monitors and Lighting are among the Products of Philips Sample Answer

TQM W7 ASS

Monitors, lighting, color picture tubes for TV’s and shavers are among the products of Philips, one of the three top world’s producers. 50 million integrated circuits are turned out each day by the factory, 30 million tubes of pictures and 1.5 billion lamps of incandescent are produced by the company every year. The company has interests listed on 16 stock market in 9 states, has over 25 locations that has global network of 400 designers, has 265000 employees and has service and sales outlets in 150 countries and over 40 states with 240 production places (Robert, 2013). The company also has also invented 1000 products, has six research laboratories and employees 3000 scientists (Robert, 2013).

In 2003, Philips announced it’s signing of the agreement regarding the transfer of the Audio, Video, Multimedia and Accessories business to Funai on January 29, 2013. Since signing, the company, has been working hard to prepare the business for transfer in the second half of the year 2013. This process has now been completed (Robert, 2013).

BEST represents breakthrough leadership process in Philips. Through alignment of all business and leadership process, BEST drives the company to a World-class level by those improvements. To make things better, Philips is guided by principles to manage the enterprise, commitment and seek betterment. Speed improves programs and makes them focused, clear and correct. Delay of deliveries of programs are seen if the speed is slow. Shorter process cycle accelerates the learning speed at Philips.

At Philips, the managerial knows that without teamwork they cannot compete to get full potential. Hallmark of business at Philips are teamwork, business Excellency, hallmarks and speed. There is always a difficulty in convincing the sales and promotion managers to hold responsibility for TQM. The resistance was partly caused by concern of quality as the main responsibility of the quality department (Ad banjo, 1997).

It is agreeable that most organizations in an attempt to implement TQM would have faced considerable philosophical and practical obstacles. With managers and executive’s difficulty in interpreting and understanding TQM, they could not be expected to sell the idea to the remaining companies. This is hence the reason for failure rate as high as 75% by programs of TQM (Cao et al, 2000).

Ad banjo, (1997) the commitment for TQM implementation by the chief executives is vital. If the chief executives is from a finance or sales background and has a historical or personal skepticism management issues, it will be tricky getting to buy-in. However, while chief executives and organizations performance is scrutinized on a yearly or even quarterly basis, TQM tends to have a medium to long-term payback.

However, though lacking the power to deal adequately with the other dimensions, TQM is an approach to change management that focuses almost entirely on changes in the process. TQM’s benefits may all be regaled by structural, cultural and political constraints, but its value in process improvement is not disputed. (Cao et al, 2000).

Dale et al. (2000) some chief executives, have started to return to quality and cited six sigma as the rebirth of classic quality because they are fed up with excellence without performance, this may not be too surprising and there are likely to be wider issues involved, While there appears to be some justification for this view.

Effective EFQM has provided a holistic model termed as business excellence to hold such a purpose. New directions to the quality movement and deep and lasting changes into participating organizations has been given by the model and the associated self-assessment process (Dale et al, 2000). Due to the raised question whether or not it makes any sense to compare companies according to an arbitrary weight structure, which has never been empirically tested, research on weight structure has been limited and this is problematic regarding the use of the model (Eskildsen, Kristiansen, Juhl, 2002).

The strong mechanistic history of TQM was as a result of change in focus from quality to excellence was believed. Convince managers in departments such as sales and production to take responsibility for quality was found to be difficult by researchers. When such managers saw the word quality they thought TQM to be the sole responsibility of the quality department. It was evidently difficult to enable the whole organization to understand the philosophy and broaden the ownership of TQM from the quality department to all levels in an organization (Ad banjo, 2001).

Sun et al, (2004) TQM may have been misunderstood narrowly as a tool for quality improvement only. The principles of TQM improves the enterprise performances in terms of productivity, cost, customer satisfaction, quality, delivery, market share and profit. More explanation is needed to justify the move from the EFQM model to the European Business excellence model. However, a feeling may rise that the TQM movement is over.

Chapman, (2000) two organizations, one each from the private and public sectors, applied the EFQM excellence model to improve their performance by using a flexible and innovative approach. The aim of any business excellence model is to remain in dynamic and flexible enough to change depending on the influence and opinions of organizations using them ( Ashton, 1997).

Jeanne’s, (2000) every type of organization should be able to include any of the dozens of quality initiatives under the model and identify the relevance of the model to several practices and initiatives. Quality of goods was totally removed though it can be argued that it’s the slow growth of the use of classical quality management that caused the wide acceptance of business excellence.

There are a lot of parallels between six sigma and excellence model, both are complementary approaches. The US equivalent of the UK business excellence award ,two of the early winners of the Malcolm Baldrige National Quality Award, have been proponents of the six sigma approach, including Motorola, the organization that first came up with the idea (Morgan, 2000).

Increasing use of initiatives may be stirred by use of techniques and management tools for the desire to succeed at excellence of a business, though it is entirely based on TQM principles. For the survival in today’s market, there should be need for complement between organizations by the quality and business excellence to enable the success of the business.

Monitors and Lighting are among the Products of Philips Reference list

Adebanjo, O. A. (1997), A framework for total quality culture development, PhD, University of Liverpool. United Kingdom.

Cao, G, Clarke, (2000), A system view of organizational change and TQM, the TQM magazine, United Kingdom.

Dale, B. (1999), Excellence and total quality management: is there a difference, Food Industry Journal, Vol. 3 No.2 pp105-14. London.

Jeanne’s, C. (2000), Death by a 1000 initiatives, quality world. Bristol.

Kristiansen, K, Juhl, H.J, (1999), beyond the bottom line- measuring stakeholder value. Sage, London.

Morgan, J. (2000), Six Sigma excellence, UK excellence, United Kingdom.

Robert Biel, (2013), News line: Philips to take legal action against Funai. London.

Importance of BMS to the Improvement Project at QinetiQ

Importance of BMS to the Improvement Project at QinetiQ Order Instructions: Note: To prepare for this essay please read the required articles that is attached

I need an essay in the following subject:
How important was the deployment of a BMS to the whole improvement project at QinetiQ?

Explain its role with reference to practical examples. What can be learnt from this case study which has relevance to your own company or another organisation you know well?

Explain your answers.

Also,

1) The answer must raise appropriate critical questions.

2) Do include all your references, as per the Harvard Referencing System,

3) Please don’t use Wikipedia web site.

4) I need examples from peer reviewed articles or researches.

5) Turnitin.com copy percentage must be 10% or less.

Note: To prepare for this essay please read the required articles that is attached

Appreciate each single moment you spend in writing my paper.

Importance of BMS to the Improvement Project at QinetiQ Sample Answer

Introduction

QinetiQ’s is a transformative self-help program that focuses on the aligning its approaches to the customer’s needs that change from time to time, with the view of ensuring that there is a full understanding of an entities profit potential. The program also aims at determining businesses and supporting them to scale their operations into significant core units.

The group is now organized as a distinctive business that represents one of the programs capabilities, that gives a clear description of how to maximize future performance. QinetiQ still has its heart at the ability to build innovative solutions that supports the development of businesses to get support into growth with the aim of wining and retaining new ventures (Aleksandrovich, Pp. 1-5, 2014). This paper therefore seeks to analyze the importance of the business management system in improving the objectives of an organization.

Importance of BMS to the Whole Improvement Project at QinetiQ

The Business Management has been beneficial to the improvement of the project QinetiQ by creating creative approaches in technology with the objective of providing analytical solutions to a wide spectrum of customers that inclusively adding them at the competitive edge in the market place. Through the BMS, the project was provided with advices on the approaches of making appropriate decisions in the acquisition of the programs equipment. Through the development of the business management system, the project was in a position to make the right decisions towards the achievement of heir organizational goals.

Through the incorporation of this system, the activities that were redundant in the organization were scrapped off with a reduction in the costs taking the centre stage. The organization also realized the importance of accepting managerial responsibilities with the objective of collectively taking responsibility and celebrating successes and failures realized in the organization collectively (Aleksandrovich, Pp. 1-5, 2014). This was to solve the instances where the organizations committee would celebrate the company’s success and in the event of a failure, none would admit.

Through this, there was a need to come up with structure through the business management tool that would better communicate the organizations objectives to the business market. Through the use of the business management model, it was significant that the organization defined its goals and strategies. It is significant that for an organization to achieve its goals, it has to design and come up with strategies geared towards the attainment of these goals (Arasteh, Aliahmadi, & Omran, Pp. 869-885 2014). Strategies therefore articulate measures that need to be employed in the achievement of a goal.

With the growing competitive markets that are accompanied by higher expectations from clients, the organization at stake under the pressures of this elements took a step to demonstrate its status to meet this expectations by adopting the business management system. This system was established as a standalone program and the outcome of it was that the organization found two or more management systems that enable it to maintain it functions with each located a separate management, operational and administrative resource (Arasteh, Aliahmadi, & Omran, Pp. 869-885 2014).

With this, the organization had more than one management system that benefited it since it was in a capacity to merge all this systems into a single unit in harmony, thus working with the business planning system (Bento, et.al). This system provided several advantages to the company since it fostered better decision making approaches that helped in the management of the company’s functions. It also identified the areas where there were instances of duplication of efforts and helped in developing objectives and plans that were in consistency with the business needs of the organization.

Through this system, the organization was better placed in allocating its available resources, a factor that leads to the improvement of its work flow and operational efficiencies. It also enabled the organization to harmonize its processes and approaches for the management. Through the use of the system, there were les cases of the use of documentation, a factor that saw the provision of relevant information through a single system (Bento, Bento, & Ferreira, Pp. 25-33 2014). This resulted in satisfied employees (Clark, Jones, & Armstrong, Pp. 579-615 C 2007).

Lessons Learnt from the Study Importance of BMS to the Improvement Project at QinetiQ

One of the lessons learnt from this case study is that to successfully maintain and implement a management system, it is imperative that the employees within the organization understand the value of such systems to them. When the employees better understand these systems and the systems values and benefits to them (Clark, et, al). When the employees understand the essence of these systems, they collaboratively work together in order to achieve the successes for the organization and the event that there is a failure, they all take responsibilities to make appropriate changes.

Also to consider is the fact that when these employees understand these systems, they remain receptive, a factor that would enable changes within the work environment. The advantage of a business management system is that it enables originations to plan and coordinate its organizational functions efficiently (Clark, et.al). Any problems that an organization experiences relating to its functions in the market are identified through the systems and the solutions are found,

Importance of BMS to the Improvement Project at QinetiQ Conclusion

The Business Management has been beneficial to the improvement of the project QinetiQ by creating creative approaches in technology with the objective of providing analytical solutions to a wide spectrum of customers that inclusively adding them at the competitive edge in the market place. This organization employs the business marketing system in the achievement of its objectives and goals. Every organization in the market seeks for avenues of being successful, with quality remaining as the main strife of a company.

However, it sometimes seems complicated to achieve efficiency and quality in an organization. The answer to all this is determined by the efficient application of the business management system since it presents guidelines to a quality management standard that gives an organization the needed guidelines that are geared towards increasing a business’s efficiency. The main aim of a business management system is to increase the productivity of an organization, while reducing the necessary costs, and ensuring the quality of the functions of the organization and its products.

This organization can only achieve the best of results through the activities and resources that are managed within the organization. The approach of entailing the business management system has however lowered the organizations costs through the use of resources effectively, including personnel and time. In the vent that an organizations process is controlled, the management has the obligation of focusing on the goals that are significant to the objectives and goals of the organization in order to achieve success.

Importance of BMS to the Improvement Project at QinetiQ References

Aleksandrovich, Aa 2014, ‘Concerning Transformational Potential Of Production Management Systems Of Small And Medium Business. (English)’, Society: Politics, Economics, Law, 1, Pp. 1-5, Academic Search Premier, Ebscohost, Viewed 30 April 2015.

Arasteh, A, Aliahmadi, A, & Omran, M 2014, ‘Considering The Business System’s Complexity With A Network Approach’, International Journal Of Advanced Manufacturing Technology, 70, 5-8, Pp. 869-885, Academic Search Premier, Ebscohost, Viewed 30 April 2015

Bento, A, Bento, R, & Ferreira White, L 2014, ‘Strategic Performance Management Systems: Impact On Business Results’, Journal Of Computer Information Systems, 54, 3, Pp. 25-33, Business Source Complete, Ebscohost, Viewed 30 April 2015.

Clark, J, Jones, M, & Armstrong, C 2007, ‘The Dynamic Structure Of Management Support Systems: Theory Development, Research Focus, And Direction’, Mis Quarterly, 31, 3, Pp. 579-615, Business Source Complete, Ebscohost, Viewed 30 April 2015.

Business Management Strategy BMS

Business Management Strategy BMS Order Instructions: Note: To prepare for this essay please read the required articles that is attached

I need an essay in the following subject:
How important was the deployment of a BMS to the whole improvement project at QinetiQ?

Explain its role with reference to practical examples. What can be learnt from this case study which has relevance to your own company or another organisation you know well?

Explain your answers.

Also,

1)The answer must raise appropriate critical questions.

2)Do include all your references, as per the Harvard Referencing System,

3)Please don’t use Wikipedia web site.

4) I need examples from peer reviewed articles or researches.

5)Turnitin.com copy percentage must be 10% or less.

Note:To prepare for this essay please read the required articles that is attached

Appreciate each single moment you spend in writing my paper

Business Management Strategy BMS Sample Answer

Introduction

Business management strategy (BMS) refers to a well though and planned idea whose intention is to bring intense changes within a business. Often, this becomes crucial in ensuring that the businesses remain in sync with the dynamism of the sector. In the provided case study, having a business management strategy was crucial in improving the entire QinetiQ project. It was crucial to ensure that the organization was meeting the set objectives both long term and short term. The need to have a BMS was therefore meant to enable the business realize her objectives.

Business Management Strategy BMS and Benchmarking

A benchmarking process was seen as the most effective method of implementing the BMS. Benchmarking in this case refers to taking a look at other organizations in a similar sector and seeking to find out how differently they carry out their businesses (Estall 2012). In doing so, it would be possible to identify and make review of what is considered to be best practices in the industry.

It was of great necessity for the deployment of the BMS in the entire project. Rather than having a look at one single section, it became easier to look at the entire project and make improvements therein (Estall, 2012). Some of the issues that were considered in great depths during the process of benchmarking include the structure, design, process, implementation and control. Having looked at all these aspects the next step was to make a comparative analysis and come with a method that would see the outcomes of the QinetiQ project realized.

The benchmarking process also involved looking at the BMS for other companies and especially those in the same sector. This would help to identify the specific areas that require improvement. Making changes in the identified areas will ensure that the organization can achieve their set objectives. The results that were derived from the benchmarking paved way for a revision of the existing BMS. One way of identifying the weaknesses and inadequacies of the earlier BMS was to find out from those who worked under it. (Chang 2007) The opinions and comments given were then analyzed to identify the strengths, weaknesses and the existing gap that impeded achievement of set objectives. The benchmarking process was in itself a success. It main aim was to help punch holes or otherwise identify the reason for lack of effectiveness of existing BMS. The development of BMS was therefore beneficial to the entire project because it looked at it step by step.

Lessons Learnt on Business Management Strategy BMS

There are number of lessons that can be drawn from this case study. The first is on the importance of having a very clear Business Management Strategy (BMS). A BMS is crucial as it acts as guideline for businesses geared towards achievement of set goals (Dhunna 2010). It is not possible for businesses to successfully achieve their projected objectives until they have a clear guideline. Similarly in this case, it is evident that having a well drawn up guideline goes a long way in ensuring objectives are achieved.

It also becomes evident that having a well laid business strategy is important in identifying the various areas that could be bringing about challenges. With a strategy, it becomes easy to identify weaknesses and strengths in the existing strategy. A business strategy in this case is seen as microscope through which one can look through and see all about the business. It is after doing so that an overhaul of the strategy will be crucial. More often businesses do not realize that the strategy in place is the reason for not achieving their set objectives. They look for alternatives to deal with the problem without much success. However, when a business has formulated a proper strategy, it is easy to realize when they veer off.

Benchmarking has also been identified as crucial business practice in enhancing effectiveness of BMS (Robert 2009). It becomes very imperative for a business to be familiar with what is considered to be sound business practice in each sector. It is crucial to understand what other organizations have been doing in that area. Making a comparative analysis goes a long way in ensuring that the business is in sync with what is considered to be normal and standard practice.

The realization of QinetiQ objectives was largely enabled by the fact that there was a business strategy already in place (Chang 2007). This helped those running the project to stay focused while conveniently identifying areas of weaknesses. Of importance to also note is the need to constantly revise the BMS after a considerable time. This is owing to the fact that the business sector is largely dynamic. One BMS cannot possibly be used over an extended period of time due to the changes. The incompatibility therein could render the BMS unable to support the business.

Business Management Strategy BMS Conclusion

Business Management Strategy remains at the core of every business. It is the foundation which ensures that every business is moving towards the set down objectives. With a paper well laid down strategy, a business is bound to succeed.

Business Management Strategy BMS References

Chang, J, 2007, Business process management systems: strategy and implementations, New York, CRC Press.

Dhunna, M, 2010, Information technology in business management, California, Laxmi Publications

Estall, H, 2012, Business continuity management systems, London, The Chartered.

Robert, T, 2009, Knowledge management systems for business, London, Greenwood Publishing Group.

Statements of Assumptions in Business Environment

Statements of Assumptions in Business Environment Order Instructions: It is not a good day at Floggitt and Fleessam Chartered Surveyors.

The senior partner, Charles Protimeter is in a bad mood. His graduate assistant, Willie Floggitt BSc Est Man (University of Westminster), grandson of the founder of the firm, is off sick with an attack of dry rot and their most valued clients, HOSPESTAN INVESTMENTS (H.I), have acquired a large Edwardian block of flats from the receivers of Blenkinsop Holdings (in voluntary liquidation). Cameron House is on five floors comprising the following;

Fifth floor; 10 x 1 bed flats, 5 x 2 bed flats.

Forth floor; 10 x 1 bed flats, 5 x 2 bed flats.

Third floor; 10 x 3 bed flats.

Second floor; 10 x 3 bed flats.

First floor; 10 x 3 bed flats.

Ground floor; 10 x 1 bed flats, 5 x 2 bed flats.

Basement; 400 square metres of storage; could be converted subject to normal approvals being obtained.

All of the 2 and 3 bedroom flats are let to rent controlled tenants who have the current fair rents agreed by the rent officer 4 years ago of;
3 bedrooms £350 per week inclusive,
2 bedrooms £250 per week inclusive.

Similar flats let under AST’s are being agreed at £700 and £800 per week respectively.

All of the 1 bedroom flats are let on Assured Shorthold Tenancies at a current rent of
£2000 per calendar month inclusive. The general level of rents in the area for similar properties on AST’s is circa £ 2500 exclusive.

Mrs Cymbal the tenant of Flat 17 (3 bed) and Bert Smedley the tenant of Flat 15 (2 bed) are not happy as the landlords have applied to the Rent Assessment Committee (RAC) to have the fair rent increased by an average of 20 % as they (H.I.) have recently spent
£ 660,000 on exterior repairs and the installation of a new carpet to the common parts.

Jocasta Grimeley-Ffiennes is Chairwoman of the tenants association, a practising Barrister and a formidable opponent. She is of the opinion that the rents for all of the one bedroom flats is excessive and is referring the matter to the RAC for their determination of same. She has a 2 bedroom flat held on a 99 year lease from 24/4/1988, with a ground rent of £300 increasing by £100 every 33 years.

The prevailing market values for well-modernised flats in well-modernised blocks are as follows;
3 bedroom circa £ 1,550,000
2 bedroom circa £ 975,000
1 bedroom circa £ 675,000

You must therefore produce:-

1 A enfranchisement valuation for the flat of Jocasta Grimeley-Ffiennes
2 The valuation of the freehold interest as at the hand in date.
This will involve a fully annotated first view and second view valuation.

MAKE ANY OTHER ASSUMPTIONS THAT YOUR REQUIRE; THESE MUST BE STATED.
Performance criteria are;

The legal principles involved
Statements of assumptions
Explanatory adaptation of calculations
The layout and logical progression
Mathematical accuracy
Conclusions reached.

Statements of Assumptions in Business Environment Sample Answer

Introduction

As the business environment continue to become more competitive and dynamic, diversification by most of the business people has become inevitable for them to be successful. Hence, there has been considerable need to make investment in areas that seem to have long-term returns. Investments in real estates have proved to be one of the best long term business incentives (Schuck, 2003). In the current world a number of investors have established multibillion estates that have proved to be the most paying venture with a lot of long term benefits to the owners. The majority of the investors in real estate ventures have made use of the available space in the air by constructing flats thereby utilizing the available free air space (Rotkowski et al, 2012). Despite the high amount of initial capital needed to establish the flats, their benefits have proved to be long term, majority of them passing their benefits to the next generation. The process of leasing and giving out at freehold has a number of legal procedures that need to be settled between the parties involved during the process of establishing an agreement. The same applies when it comes to letting out rooms or flats for tenants to rent (Merriman, 2012). There are a number of legal procedures that need to be followed both by the tenants and the landlords that ease their future coordination. A number of cases and other problems always emerge between tenets and landlords or landladies when the property owners reverse to increase the amount of rent to be paid by the tenants (Meade, 2010). In this paper a statutory valuation report on the matters concerning Floggitt and Fleessam Chartered Surveyors and their client Hospestan Investments is conducted together with an enfranchisement evaluation for the flat of Jocasta Grimeley-Ffiennes as well as the valuation of the freehold interest as at the particular hand in date.

However, prior to performing the actual enfranchisement valuation for the flat of Jocasta Grimeley-Ffiennes as well as the valuation of the freehold interest as at the hand in date it is essential to consider the case at hand. Hospestan Investments (HI) has purchased a large Edwardian block of flats from the receivers of Blenkinsop Holdings in a voluntary liquidation. This particular storied building is named Cameron house, and the Hospestan Investments have resorted to rent it out to tenants at different calculated rental charges. It has five floors; the fifth floor has 10×1 bed flats and 5×2 bed flats. The fourth floor has 10×1 bed flats and 5×2 bed flats while the third floor has 10×3 bed flats. The second floor has 10×3 bed flats while the first floor has 10×3 bed flats. The ground floor has 10×1 bed flats and 5×2 bed flats. This is due to the fact that the prevailing market values are not in line with what they are paying as rental charges for this particular residential premises they are occupying.

Statements of Assumptions in Business Environment and Enfranchisement valuation for the flat of Jocasta Grimeley-Ffiennes

In order to make sure that the enfranchised valuation for the flat of Joscasta Grimeley-Ffiennes is effectively done the standard procedure of valuation will be used with the necessary assumptions being applied where necessary to enable amicable completion of the evaluation. For instance, the 2 bed room flat has a freehold lease of 99 years with 72 years presently left on the lease, a ground rent of £300 annually envisaged to be increased by £100 after 33 years and an estimated freehold value of £975,000.

i) Calculating the term

In this scenario it is considered that the freehold interest generated from the flat from leasehold tenants is an investment mainly because the money of the freeholder is usually tied up in the flat ownership and a rent is subsequently received in return. However, the yield of the freeholder is regarded as the resulting value from the division of the rent by value of the interest. For a long period of time this concept has been in application and it is equivalent to the concept to that of interest received by individuals’ accounts on investment societies since an investor’s rate of interest that is received on their money is also referred to as the yield. In most cases, the yield expected by the freeholder can be determined through enfranchised valuation through a step by step procedure that is essential for deducing the final freeholder interest or value for their investment and in this particular case the case of Joscasta Grimeley-Ffiennes’s flat. However, the years of purchase used in the calculations are obtained from the valuation tables in order to make sure that the value of the freeholder is calculated in course of the lease and at the same time there is an assumption of the yield to be 6.5%.

Annual ground rent is given as £300

Years Purchase for 33 years @ 6.5% (a reference from valuation tables) is 12.83

This means that, the term is £300 x 12.83 = £3,849

The figure provided by the calculation represents the compensation which is due to the freeholder for his or her rental income loss over the period that is remaining for the lease to expire. This means that, £3849 is taken as the current value of the right to receive £6.25 annually for the remaining 72 years for the lease to expire. This implies that it is not realistic for the multiplication of the annual ground rent by the number of years that are remaining for the lease to expire.

ii) Calculating the first reversion

Considering that this flat is within the modern segment, and then the next step will be to value the modern ground rent. The whole valuation is carried out at the date of claim and values are not projected forward in time. Therefore, the valuer look for the land’s value on which the house stands at the date of the Notice of Claim. This means that the valuer has to carry out the assessment of the value of the flat on the freehold basis. As a result, the value of the rent is then provided in terms of future income, which is, receiving the modern ground rent based on a future point which in this case is considered to be 99 years time:

Present freehold vacant possession value of the house = £975,000

Site value taken as 33% of that value £975,000 x 33% = £321,750

Modern ground rent taken as 5.5% of site value £321,750 x 5.5% = £17,696.25 pa

Years Purchase for 66 years, @ 5.5% 16.932 = £299,632

Purchase value of £1 in 33 years @5.5% = 0.2175

So the first reversion is £299,632 x 16.932 x 0.2175 = £1,103,458

iii) Calculating the second reversion

In addition to modern ground rent capitalisation over the next 72-year period remaining in the lease, there will be calculation of the value of the reversion at the end of this period and added on to the formula for the calculation of the price. This is referred to as the second reversion and its calculation is done using the standing house value (the flat value as it exists currently) and based on the fact that it’s full potential has not been developed. In most cases, this lowers the flat value compared to the first reversion. Hence, when this is applied to the above figures, calculation of the second can be done as shown below:

Standing house value £975,000

Purchase value of £1 in 72 years @ 5.5% 0.015 £110,710

The purchase price for the freehold is therefore the sum of the values of the term and the first and second reversion.

£3,849 + £1,103,458 + £110,710 = £1,218,017

The valuation of the freehold interest as at the hand in date

In this scenario, there will be calculation of the value of the freehold interest at the hand in date of the flat which is carried out in accordance with the laid down standard procedure. Edwardian block acquired by Hospestan Investments (H.I) has five floors in addition to the ground floor with the following specifications:

Ground floor; 10 x 1 bed flats, 5 x 2 bed flats
First floor; 10 x 3 bed flats.
Second floor; 10 x 3 bed flats.
Third floor; 10 x 3 bed flats.
Forth floor; 10 x 1 bed flats, 5 x 2 bed flats.
Fifth floor; 10 x 1 bed flats, 5 x 2 bed flats.

Hence, the valuation of the freehold interest as at the hand in date can be calculated on basis of the details provided for this scenario. However, the calculation shall take two main steps in order to make sure that the valuation is succinctly done:

Step 1: calculating the term

This calculation will be done based on the assumption that they are all leased under the Assured Short hold Tenancies (AST’s) terms which are £250, £700 and £800 per week for 1 bed room, 2 bed room and 3 bed room respectively. This was followed by the summation of the total number of each type of rooms in order to make sure that the calculations are done separately and eventually summed to provide the final sum. The calculations are as follows:

Total Ground rent for 1 bed room flats of £250 x 30 flats = £7500 per week (Assured Short hold Tenancies)

Total Ground rent for 2 bed room flats of £700 x 15 flats = £10,500 per week (Assured Short hold Tenancies)

Total Ground rent for 3 bed room flats of £800 x 30 flats = £24000 per week (Assured Short hold Tenancies)

The ground rent figures obtained from the above calculations are then multiplied together with the years of purchase, which is a multiplier obtained from the valuation tables or determined by the valuer and in this scenario 6 per cent is taken as the multiplier rate. However, upon obtaining the purchase figures the calculations can be done as follows:

Years Purchase for 72 years @ 6% is 12.433

So,

1 bed room flats: £7500 x 12.433 = £93,248

2 bed room flats: £10500 x 12.433 = £130,547

3 bed room flats: £24000 x 12.433 = £298,392

Step 2: Calculating the reversion

1 bed room flats: Current value of the flats = £1,550,000 x 30 flats

= £46,500,000 (the leaseholders’ current interest).

2 bed room flats: Current value of the flats = £975,000 x 12 flats

= £14,625,000 (the leaseholders’ current interest).

3 bed room flats: Current value of the flats = £675,000 x 30 flats

= £20,250,000 (the leaseholders’ current interest).

Legal principles involved

In the real estate, the law recognizes different types of property that are involved that are related to land and anything tangible to the land in question (Black, 2004). The law of contract is one of the most common laws that are applicable to real estate housing. There are a few ways that can bring about consummation of the agreement relationship between two gatherings included in the land business. For the situation where there is no reasonable date of ending the agreement, the entryways are constantly open for arrangement between the occupant and the house proprietor on the most proficient method to end the agreement.

The law of sale of products can likewise be material when the property being referred to has been sold. The issue being referred to is identified with the offer of products law since the proprietorship has been gone from the proprietor to the purchaser (Black, 2004). The perplexity at the library showcase made Holt to accept that the book he is purchasing is fit as a fiddle. The offer of merchandise law obliges that the dealer ought to pass products of good quality to the purchaser so that the purchaser can get quality for his cash (Benjamin, 2003). For this situation, Holt accepted that he was obtaining a book in great quality in agreement to the value citation. Since he has been given the book he never expected to purchase, Holt has a significant case against MacPherson. In his case, Holt can contend that the property went to him by the merchant was not comparing with the portrayal he gave for the property as per the offer of good law. Also, the offer of products law requests that the property went from the merchant to the purchaser ought to be fit for reason and this was not for this situation of Holt and MacPherson. MacPherson is subject under the offer of merchandise law which obliges that the nature of products went to the purchaser ought to relate to the specimen that was placed in the library show. In such manner, Holt should have been given a sensible chance to contrast what he needed with purchase and what he has been given as the real item to evaluate whether the products have any imperfections. This accord the purchaser an opportunity not to be tricked into purchasing merchandise that does not mirror the measure of cash paid on them (Ardem, 2005). Hence, MacPherson is at risk for passing products which are not of the right amount to the purchaser.

Statements of Assumptions in Business Environment Conclusions

Investments in real estates have proved to be one of the best long term business incentives. In the current world a number of investors have established multibillion estates that have proved to be the most paying venture with a lot of long term benefits to the owners. Majority of the investors in real estate ventures have made use of the available space in the air by constructing flats thereby utilizing the available free air space. In the case of Hopsestant Investment, the process of increasing the rental charges by the landlord to the tenants, the law requires the landlord to prepare a formal document to the Rent Assessment Committee (RAC) who has to come in. According to the law, the landlord is only allowed and given the opportunity to increase on the rental charges if the particular dwellers or occupants were on a short hold agreement.

Statements of Assumptions in Business Environment Bibliography

Anthony, A., & Pitt, M. (2001). The valuation of the site in depreciated replacement cost and contractors basis valuations. Property Management, 19(4), 298-307.

Ardern, W. B. (2010). Real estate taxes. Long-Term Living, 59(11), 44-45.

Ardern, W. B. (2005). Avoid overpaying nursing home property taxes. Nursing Homes, 54(7), 24-28.

Benjamin, C. B. (2003). Life after death? The role of post-mortem events in valuing deductions for claims against estates. Washington and Lee Law Review, 60(2), 579.

Black, D. S. (2004).Recovery of litigation fees and expenses in federal condemnation proceedings under the equal access to justice act. The Appraisal Journal, 72(2), 92-100.

Bradshaw, M. T. (2000). The articulation of sell-side analysts’ earnings forecasts, common stock valuations and investment recommendations

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DeGaris, S. A. (2010). Valuations of rural leasehold and licensed land in Victoria, Australia. The Appraisal Journal, 78(3), 232-243. Retrieved from http://search.proquest.com/docview/746489060?accountid=45049

Goldberg, D. M. (1993). Law and the appraiser: The role of sale price in the valuation of real property for real estate tax assessment. The Appraisal Journal, 61(1), 155.

Greene, M., & Schnapp, D. (2001). Oppressed shareholders’ rights can affect estate and gift tax valuation. The CPA Journal, 71(2), 64-67.

Hefferan, M. J., & Boyd, T. (2010). Property taxation and mass appraisal valuations in Australia – adapting to a new environment. Property Management, 28(3), 149-162.

Jurinski, J. J. (2006). Intra-Family Instalment Sale Related Party and Imputed Interest Rules. Real Estate Taxation, 33(4), 197-200.

Lederman, L. (2007). Statutory Speed Bumps: The Roles Third Parties Play In Tax Compliance. Stanford Law Review, 60(3), 695-743.

LoPucki, L. M. (2014). House Swaps: A Strategic Bankruptcy Solution to the Foreclosure Crisis. Michigan Law Review, 112(5), 689-736.

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Meade, J. A. (2010). Tax benefits of converting a C corporation with undervalued assets. The CPA Journal, 80(4), 42-44

Merriman, R. (2012). Closing Pandora’s Box: Proposing a statutory solution to the Supreme Court’s failure to adequately protect private property. Brigham Young University Law Review, 2012(4), 1331-1359, 1361-1368.

Rotkowski, A. M., Smith, R. G., & Ramirez, J. C. (2012). The use and misuse of transaction data in valuations prepared for property tax purposes. Journal of Property Tax Assessment & Administration, 9(2), 23-32.

Rowland, P. (1996). Comparing net with gross rents. Journal of Property Valuation & Investment, 14(3), 20-21.

Schuck, E. J. (2003). The investment risk of institutional-grade commercial real estate in Australia (Order No. 3151210). Available from ABI/INFORM Complete.

Business Profitability as a Measure of Success

Business Profitability as a Measure of Success Order Instructions: One of the measures of success in any business is profitability. All successful managers and business owners must have an understanding of how to assess the profitability of a company. This is done through the use of accounting.

By working through the accounting cycle, you will understand how money flows through a company and what other components are included in the assessment of profitability and financial stability. Using this information can also help you determine whether or not the organization can afford to stay open employing current practices. The accounting information helps you determine what types of changes might need to be made to allow the organization to become profitable
if it is currently struggling financially. This process also helps you understand the level of commitment to attention to detail that is required in a successful
business venture.
In the ratio analysis and memo, you will use course-provided information to 1) demonstrate the purpose and importance of the ratios used, and 2) communicate the results of operations to stakeholders and/or interested parties.
This assessment addresses the following course outcomes:
? Apply the accounting cycle to business transactions for communicating financial data
? Interpret financial statements for informing business decisions
? Analyze the importance of industry standards and regulations in the implementation of the accounting cycle in supporting responsible practices
Prompt
Your dog, Peyton, has severe allergies and cannot have the usual store-bought dog treats. You have been making homemade treats for him that are all-natural
and hypo-allergenic. Over the past year, you have been making and selling these treats out of your home and have been quite successful. You now have an opportunity to open your own dog treat bakery. You have decided on a corporate form of business and have named your company “Peyton Approved.”
During the first part of this final project, you were asked to follow the business transactions for a six-month period from that initial stage of analysis and
recording through the reporting process. Now, you will use this information to compose a memorandum to the bank detailing the results of operations as
communicated in the financial statements you have produced based on the business transactions for the period.
Use your completed workbooks to prepare your ratio analysis and memo, which will include an overview of the company’s accounting system, discussion of the
results of operations and what those results mean, and a discussion on what changes in operations might need to be made to make the company more
profitable. This memo will be used as part of a loan package to request additional funding for potential expansion in year two.
Specifically, the following critical elements must be addressed:
1. Ratio Analysis
a) Create a ratio analysis. Be sure to include all the required ratios.
b) Annotate each ratio. What does the ratio tell you?
c) Why is ratio information useful? What decisions will you make based on the ratio?
2. Prepare a Memo to a Bank
a) Provide an overview of the company’s accounting system. What basis of accounting is used? Why?
b) What strategies is the business user to ensure responsible accounting practices? Why have these strategies been selected?
c) Describe the overall accounting process. For example, when are entries made, how often are statements produced and reviewed, and why?
Describe the internal controls for cash that are in place.
d) Analyze the results of operations. What do these results tell a business?
e) What do the statements themselves tell about the strengths and weaknesses of the company’s financial position? What does the ratio analysis
tell someone about the strengths and weaknesses in the company’s financial position?
f) Discuss the changes in operations that might need to be made to make the company more profitable. Justify why each change may be
necessary.
g) What are the company’s financial strengths and weaknesses? What specific changes can be made to alleviate the weaknesses?
h) What opportunities can the company explore because of its strengths? How would these be beneficial?
Final Project Part II Rubric
Guidelines for Submission: The submission for Final Project Part II will include your ratio analysis and a memo to the bank. Your accounting memo should be 5–7
pages, double-spaced, with one-inch margins, 12-point Times New Roman font, and APA format.

Business Profitability as a Measure of Success Sample Answer

Introduction

Financial ratios in company analysis reflect the financial position or the state of a company’s financial status at a particular time or for a specified period of time. These ratios reveal the profitability of the firm, liquidity position, debt or gearing ratio. Ratio analysis provides a diagnostic tool that assists to identify the problem areas as well as the areas that the company can exploit and the opportunities involved. This information is critical to investors who are mostly interested in earning profits from their investments (Harrison & Hongren, 2001).

The following are the ratios of Peyton;

	Peyton Approved	2014
Current Ratio	Total Current Assets/Total current liabilities	2.74
Quick Ratio	TT C/ Assets – inventories /TT/ C Liabilities	2.68
Receivable turnover	Annual credit sales/average receivables
Inventory Turnover	Cost of goods sold/Average inventory	63.81
Asset turnover	Sales/Average total assets	2.12
Dividend yield	Div per Share / Current Share price	0.03
Dividend cover	EPS/ Dividend per Share	4.55
Net assets turnover	Net assets / total sales	0.31
Times interest earned	EBIT/Annual Interest Expense	58.05
Debt to total Asset	Debt/Assets	0.17
Book value per share	Value of shares/div paid	1.58
Interest cover	EBIT/Annual Interest Expense	58.05
Profit margin on sale	GP/sales	0.40
R.R return on assets	EAT/Total Assets	0.57
R.R com stock equity	Profit after taxes/Shareholders equity	0.86
Earnings per share	Profit after taxes-pref div)/No. of comm O/S	1.54
Payout Ratio	cash dividends/income	0.27
ROE	Return On Equity (ROE)	0.86
ROA	Return on average Assets	0.57

Liquidity ratios

These ratios stem from assets that can be quickly converted into liquid cash and they provide short term financial relief for the company in cases of emergency cash needs. Higher ratios indicate better and greater liquidity for the company. The rule of thumb in most cases require a ratio of at least 2:1 for the current ratios while for quick ratio should be 1:1. These ratios indicate that the current assets should be higher than the current liabilities in the case of the current ratio while the assets and the liabilities should be similar or the same incase of quick ratio. The current ratio for Peyton Approved is 2.74:1. These mean that the current assets are 2.74 times more than the current liabilities. The current assets are adequate to honor any commitments or obligations that may arise because of the current liabilities (Hermanson, Edwards & Invacevich, 2011).

Peyton Approved quick ratio is 2.68:1. The current assets are more than the current liabilities by 2.68 to 1. The quick ratio is very favorable and the liquidity position of Peyton approved is very stable. Instead of the standard 1:1 its 2.68:1.

Analyzing debt or Leverage ratios

The debt ratios indicate how much or to what extent a company is relying on debt to fund its business operations and also investments. A company that cannot manage its debt portfolio effectively may find itself with a lot of debts that may lead to bankruptcy in case of insolvency. However, planned use of debt can be beneficial to the company as it may provide tax incentives and benefits.

Peyton Approved debt to asset ratio is 0.17:1 that’s the ratio of debt to total assets is 17%. The long term debts of Peyton Approved are only 17% of the total assets. The ratio shows a positive picture for the company.

The interest coverage ratio for Peyton Approved is 58.05 that’s the net earnings of the company can payback the interest for the company’s debts 58.05 times. The company has enough ability to pay all the fixed interest expenses that may accrue to the company because of the debt.

Analyzing Profitability ratios

It’s not easy to quantify the amount of profit that may be considered as relatively better than the others but it can only be compared to the industry’s average. The net profit margin for Peyton Approved is 3.72 the Return On Assets and the Return On Equity are 0.57 and 0.86 respectively.

It means that for every dollar invested in the company as equity the company pays back 0.86 dollars while the amount invested in the company as assets the company pays back 0.57. The payout ratio for Peyton Approved is cash dividends divided by the net income = 9500/34830 = 0.27.

	$		$
Peyton Approved	$	TT Assets- Inventories	55192
GP	52198	Interest Expense	600
Net Profit	34830	Average Receivables	1395
EAT	34830	Current Assets	56413
Share holders Equity	40330	Current Liabilities	20625
Total Assets	60955	Average total assets	60955
Total Liabilities	20625	Receivables	1395
Inventories	1221.05	Outstanding shares	15000
Cost of Goods	77914	Payables	525
Average inventory	1221.05	Dividend per share	0.63333
Debt	10600	Earnings per share	2.322
EBIT	34830	Net assets	40330
Sales	129500	Net assets turnover	0.31143
Total Dividend Paid	9500	Net profit margin	3.71806

Analyzing Efficiency

The inventory turnover reflects how fast a company’s inventory is actually being produced and the rate of sales. A higher ratio indicates more efficiency i.e. the rate of inventory turn-over to make or generate sales. The inventory turnover for Peyton Approved is 63.81 times in six months. The assets turnover for the company is equal to total sales divided by total assets = 129500/60955 = 2.13. The sales cover the assets 2.13 times more which means the company’s performance is good.

Memo

To: The Bank Manager 26^th April 2015

From: Peyton Approved Accountant

Re: Peyton Approved Financial Status

Ratio analysis provides a diagnostic tool that assists to identify the problematic areas as well as the areas that the company can exploit and the opportunities involved. This information is critical to investors who are mostly interested in earning profits from their investments. The investors use these information to decide whether to invest in a company or not depending on its profitability, leverage or liquidity position.

The accounting system that Peyton Approved Company uses is based on athe ccrual system where the revenues are recognized when the sales have been made and not when cash has been received. For example when sales have been made on credit and the invoices have been raised then the records reflect that the sales have taken place and when cash is received then the debtors are credited with the amounts paid while the cash account is debited with the cash received. These strategies have been selected to ensure that the accounting records comply with the provisions of the company law that provide for accurate, fair and true representations of financial statements.

The general accounting process commences with the subsidiary books that are known as the journals and the day books. These are the journal proper, the sales day book, the purchases day book, the purchases and the sales return day books. These books record the first transactions before they are posted to the ledgers. The ledgers are made of the real, personal and the nominal accounts. The general entry method is to debit the accounts that have received money goods or services and to credit the accounts that have given money, goods or services.

The invoices are raised every time there is a credit transaction and the statements are sent to the debtors at the end of the month. All the cash sales are banked the following day after the receipt books have been reconciled. The receipts and the invoices are reviewed every day to control and prevent any errors or omissions that may be committed or to unearth any fraud that may have taken place.

The major internal controls that have been instituted to ensure that proper controls are followed while handling cash are 1). All cash receipted immediately it has been received on receipts that have been pre-numbered. 2). All the dates are also written clearly together with the quantities of the sales involved. 3). The receipts are then added up and the stock sold is reconciled with the balance available in the stores on daily basis. 4). Ones every year external accountants have to audit all the books of accounts including all the bank records, banking and bank statements.

Control procedures have been adopted to ensure compliance to the GAAP as well as the adoption of the major accounting concepts that deal with accounting prudence, valuation and continuity concepts.

The major results of the operations are the sales that have been made and the purchases that have to be made to restock the inventory. The Gross profit margin is very favorable which currently stands at 40% of the turnover.

The income statement shows a gross profit of $52,198 which is about 40% of the total turnover of Peyton Approved. The net profit for the company amounted to $34830 and a net profit margin of 3.72. The profitability of the company is in positive and favorable. The company’s performance is encouraging and it may attract a lot of investors.

The balance also shows that debts are minimal and manageable. More debt would enable the company to expand and also to grow. The company statements reveal that the company‘s liquidity is very stable and the profitability margins are also favorably high. The financial strength of the company stems from its strong financial base. The weaknesses of the company are mostly the low closing stocks that may cause some interruptions in business activities when apparently the stocks may run out unexpectedly.

The changes would be to increase the minimum stock levels to be about three thousand dollars in value so as to provide a comfortable lead time in cases of stock shortages or other unforeseen circumstances.

The company’s financial weaknesses are its inability to take advantage of the debt portfolio to expand and enlarge its business operations. The debt ratio for the company is very low. Peyton Approved debt to asset ratio is 0.17:1 that’s the ratio of debt to total assets is 17%. The long term debts of Peyton Approved are only 17% of the total assets. The ratio shows a positive picture for the company but the company is actually loosing the opportunity to expand using the debt portfolio that also has some tax benefits to the company.

The interest coverage ratio for Peyton Approved is 58.05 that are the net earnings of the company can payback the interest for the company’s debts 58.05 times. The company has enough ability to pay all the fixed interest expenses that may accrue to the company because of the debt (Vance, 2003).

The company can take advantage of its low debt portfolio to seek financing from the banks in order to finance its investments. Its stable profitability and leverage status are also part of its strength. The significance of a stable liquidity can only be useful if the banks can advance you loans based on the strength of its financial statements.

The company can explore its expansion strategy to expand its operations to foreign markets as well adopt aggressive marketing strategies to increase its sales and expand to foreign markets.

Business Profitability as a Measure of Success References

Hermanson, R.H., Edwards, J.D., & Invacevich, S.D. (2011) Accounting Principles: A Business Perspective. First Global Text Edition, Volume 2 Managerial Accounting, 37-73.

Harrison, W.T. & Hongren, C.T. (2001) Financial accounting (4th Ed). Englewood

Cliffs, NJ: Prentice Hall.

Vance, D. (2003) Financial analysis and decision making: tools and techniques to solve

financial problems and make effective business decisions. New York: McGraw-Hill.

Organizational Research Methods for Business

Organizational Research Methods for Business Order Instructions: For the past 2 weeks, you have focused on the features and considerations of quantitative research designs. However, quantitative designs are not appropriate for all research questions.

Perhaps you are concerned with how patients react when confronted with negative test results, or you wish to study how views on a certain health topic change over time. In each of these cases, the emphasis is more on understanding the thinking and experiences of an individual or group than on numerical measurements. For these types of questions, a qualitative or mixed methods research design is the most appropriate.

For this Discussion, you focus on the different types of qualitative research designs, when they are used, and why they are important.

To prepare:

Reflect on the comments made by Dr. Mauk in this week’s media presentation on the value of qualitative research in nursing.
Locate the journal Qualitative Health Research in the Sage Premier database in the Walden Library.
From this journal, select an article of interest to you that was published within the last 3 years.
Review the information on different qualitative research designs in Chapter 20 of your course text.
Determine what qualitative research design was used in your selected article and evaluate whether it was the best choice.
Consider ethical issues involved in the study and how the researchers addressed them.
Think about how using a quantitative design would have affected the type of data gathered.

Post on or before Day 3 an APA citation for the article that you selected and provide a brief summary of the content and the qualitative research design used. Evaluate the appropriateness of the design, and explain how ethical issues in the study were addressed. Analyze how the study would have been different if a quantitative design had been used.

Organizational Research Methods for Business Sample Answer

Introduction

Data collection is part of the research work that includes the gathering of primary data from the respondents (Sekaram and Bougle, 2009). In this case, the data required would be collected from the daily patients who visit the hospital through the use of a questionnaire as it’s convenient and easy to use in a hospital. The questions have been limited to only critical ones to avoid any discomforts to patients. The population or the sample size for the survey has been determined to be 100 (N). A group of researchers would interview the first twenty patients who leave the hospital every day for five days. The total maximum points that can be awarded is 2500 but it will depend on the performance of the total points achieved but the minimum points possible has been set at 500 that’s in case all the questionnaires return a score of E or 1 point for a population of 100 entries for five questions while the maximum represents a score of A or 5 points for 100 entries for five questions. The following is the sample of the questionnaire that would be used to determine the Patients satisfaction levels at the hospital.

The first five questions attract no score, however, points are earned from questions six to ten. The following information was retrieved from the researchers who gathered the data from the hospital;

	The Ten days data
Question	A	B	C	D	E	Totals	% ratings
6	250	80	30	34	3	397	72.00
7	450	20	6	4	1	481	95.20
8	250	80	60	18	1	409	78.00
9	300	120	15	10	0	445	87.00
10	350	40	45	10	0	445	87.00
Totals	1600	340	156	76	5	2177	87.08

On question six most of the patients responded favorably towards the waiting time spent at the hospital and majority of the answers suggested that the patients were on average very satisfied with the average waiting time hence a rating of 72% was awarded. That’s the totals of columns A, B and C divided by the total possible points of 500 (Sekaram and Bougle, 2009).

To ensure the reliability of the information, all the questions must be answered and the percentage scores would be pegged to the maximum scores possible to eliminate any bias against the lower points. For example, a total score of 250 if calculated against a total of 397 it would amount to almost 90% of the totals but if calculated against the maximum possible of 500 then it would be 50%.

The hospital’s score on patient satisfaction is 87.1% which means that about 13% of the patients are dissatisfied with the services at the hospital with about 28% being particularly unhappy with the waiting period at the hospital while another 22% would not recommend their friends at the hospital. However, 97% of the patients are very satisfied with the staff response at the hospital.

The central measures of tendencies and the excel functions have also been used to arrive the summarized table above and which includes the research findings that have been arrived at after processing the information from the primary data and tabulating the summaries.

The other methods of collecting data like observation and interviewing patients are difficult to apply in a hospital as patients have different conditions and their convenience must also be factored when choosing the research method to adopt.

The sample size has been calculated based on the Wald binomial distribution where 4√0.25/n=W where a 95% confidence level is required. Hence n=1/B^2 where B is ± 10% n is 100 (0.01 x 10,000) (Bartlett, Kotrlik & Higgins, 2001).

To conclude, the hospital is providing very good service to the community and a very high number of patients are very happy with the services being provided at the hospital hence about 87% of the patients rate the services of the hospital as being very good and would definitely make a return visit in future.

Organizational Research Methods for Business References

Sekaram, U., Bougle, R. (2009) Research Methods for Business; A Skill Building Approach, 5^th Edition. West Sussex, UK. John Wiley & sons.

Bartlett, J. E., Kotrlik, J. W. & Higgins, C. (2001). “Organizational research: Determining appropriate sample size for survey research”. Information Technology, Learning, and Performance Journal 19 (1): 43–50.