Essay Questions Assignment Available Here

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Essay Questions

Essay Questions

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Assignment 4 Objectives:
1. Describe the vision of an organization as it relates to the strategic process
2. Describe the importance of the concerns of the employees as related to strategy
3. Describe the importance of the public image of an organization as related to strategy
4. Describe the importance of the customers to the organization as related to strategy
5. Analyze the external forces that affect organizations
6. Analyze the internal forces that affect organizations
7. Describe the interrelationships among the functional areas of business
8. Describe SWOT Matrix, SPACE Matrix and other strategy tools

Assignment Description: 4 Essay Questions.

Each essay question should be written using APA formatting, must have at least 1external source and a minimum length of 350 words for each essay. See the grading rubric for additional details.

Essay 1:
After watching the videos on iRobot and the video on how to perform a SWOT analysis in week 4 describe and assess iRobot’s strengths, weaknesses, opportunities, threats and the internal and external forces on the company.
• Alanis (2012). How to Complete a SWOT Analysis.
Video Retrieved from: http://www.youtube.com/watch?v=0D2fT6obqdg
• IRobot Video
http://www.youtube.com/watch?feature=player_embedded&v=9Ud70koXT_M

Essay 2:
Analyze iRobot’s overall strategies you see them following and the interactions between the different functional departments (R&D, Marketing, Manufacturing, Service, finance..etc.) within iRobot. External references are encouraged such as iRobot’s annual reports, where the company strategy is described

(http://investor.irobot.com/phoenix.zhtml?c=193096&p=irol-reportsannual).
You are to analyze the company strategy and not just copy their strategy.

Essay 3:
Analyze the Patagonia case in Week 2 in addition to other sources on how their suppliers, public image and government regulations have shaped their strategy, mission and vision.
(Check the upload file for the Patagonia case)

Essay 4:
Analyze how The Disney Company’s strategy is shaped with regards to the importance of employees, customers and public image. Reference The Disney Company case in our Week 1 materials.
• In order to complete this part, you have to follow the Cohesion Case (The Walt Disney Company – 2001) in Strategic Management a competitive Approach 14th Ed. By Fred R. David

SAMPLE ANSWER

Essay1

Each company has factors that either motivate its performance or hamper it. The factors that motivate its performance are known as strengths while those that hamper it, are known as weaknesses. It is a common feature for a company to have both divides of the factors, however, for it to thrive; it should have more strength as opposed to weaknesses. An evaluation conducted to analyze a company’s strengths and weaknesses is commonly referred to as a SWOT Analysis (Alanis, 2012). This evaluation incorporates strengths, weaknesses, opportunities and threats. This write up will analyze iRobot’s SWOT Analysis.

iRobot has a number of strengths that have made it remain a competitive brand in the region (iRobot SWOT Analysis, 2014). Notably, a strong brand equity, and market share leadership have ensured that it tops the scales. Additionally, innovativeness, cost advantage, strong management team, and reputation management have ensured that it remains unwavering in the stiff competition in the robotics industry. iRobot is a strong brand whose uniqueness is unmatched by any other. Its superior brand has earned it the credit of manufacturing equipment even for the United States navy, an enigma of military personnel (iRobot SWOT Analysis, 2014).

That notwithstanding, the company has a few weaknesses that threatens its expansive market. A number of legal proceedings have been filed against the company, stifling its growth and profitability. Rare system malfunctions have led to injuries during the use of the apparatuses, leading to apportionment of liability to the company. Additionally, the ever-growing industry has threatened its market share through the entry of new players to the market.

On the other hand, the growing opportunities arising promise to steer the company to some great heights. The on-line business boom has diversified its market, with major sales abroad. Product and service expansions have also ensured that the company remains a lead player in the industry.

iRobot is equally faced by a number of threats. Economic meltdown in major market segments has reduced sales leading to low profitability, sometimes-even losses. Price wars with rival companies have also occasioned losses to the company by leading to enormous price cuts by iRobot, in order to boost sales. Overly, iRobot is an enigma in the robotics industry. The financial statistics, market share leadership and on-line presence all tell of this story.

References

Alanis, 2012. Video. Available at: http://www.youtube.com/watch?v=0D2fT60bqdq

iRobot. SWOT Analysis. (2014). Video available at: http://www.youtube.com/watch?feature=player_embedded&v=9Ud70koXT_

Essay 2

Company strategy refers to the mechanisms through which a corporation seeks to achieve its long-term goals and objectives (Dess, et al., 2005). Outlining the company’s objectives is what is generally referred to as strategic management. The process of strategic management involves setting forth specific goals and objectives, and designing mechanisms of implementing them. Thus, in analyzing iRobot’s strategy, this discourse will first outline the company’s goals and evaluate its methods of implementing them. Further, an analysis of the interactions between the different departments within the organization will be done in assessing their overall impact on the company’s performance.

The company’s overall objectives include market expansion, continued growth, brand strengthening, and developing a community of third-party developers around its platforms. The company has set forth an elaborate scheme on how it intends to achieve the set targets and remain a competitive brand in the region. iRobot is a lead manufacturer of robots used in cleaning, defense, and mobility. The company’s market presence is impressive, as evidenced from the annual returns. In the quarter ended 21st October, the company net earnings exceeded the projected earnings, an indication that it was performing above optimum (iRobot Annual Report, 2014).

iRobot’s strategy is broad and most flexible. The strategy is market-oriented, by seeking to tap into the expansive American market and beyond. From the start, it captures the company’s aspirations of market penetration by incorporating a customer-oriented approach. At iRobot, customer satisfaction comes first in designing their products. Through this, the company has remained a competitive brand through retaining its old customers while attracting more. As a result, its earnings have increased tremendously, often, exceeding expectations (iRobot Annual Report, 2014).

The company’s impressive performance could be attributed to its excellent internal organization (Dess, et al., 2005). The managerial system at iRobot adopts an elaborate departmental system that is intricately linked to enhance performance and effectiveness. Information relay between the different markets ensures that production is optimized and market specific. For instance, the marketing department oversees the sale of manufactured products. From the sale reports, it assesses the impacts of the products on the market. Sale statistics are made to project sales and advise the production department on what aspects to improve or what products to manufacture in larger quantities. Overly, the company’s strategy has enabled it to make the great strides it has made thus far.

References

iRobot Annual Report. (2014). Available at: http://investor.irobot.com/phoenix.zhtml?c=193096&p=irol-reportsannual

Dess, G., Lumpkin, T. & Marilyn L., (2005). Strategic Management. 2005 New York: McGraw Hill Irwin,

Essay 3

Whether a company will be able to meet its long-term goals and objectives largely depend on its strategic management design. The design is usually the road map to the company’s success. In instances where all the systems work well, a company’s strategic management system enables it to attain its profitability goals. Within any given organization, there are intricate factors that shape its strategic management design. This discourse will analyze how suppliers, public image, and government regulations have shaped Patagonia Incorporated’s strategy, mission and vision.

The mission of a company describes the scope of its formation (Fred, 2011). A mission statement is the aspirations, and objectives of the company’s formation. Patagonia is a clothing company that makes outdoor wear, and sporting gear, including surfing, climbing, and skiing outfits. In the production process, the company has to source resource materials for the manufacturing process. The availability of resource materials determines whether the company will be able to manufacture its goods effectively. Therefore, in designing outfits of a particular quality or to a certain market, the company has to gauge whether it can source the required materials (Patagonia, 2014).

Government policies and regulations have an impact on the general performance of a company. The policies may be as to quality, pricing, or environmental protection. In the event that the production process involves use of chemicals or leads to over accumulation of wastes, the government may issue stringent licensing or waste disposal mechanisms. Such strict policies may hamper the production process or reduce profitability due to strict compliance with the law. The state of California, where the company is situated, has strict rules on pollution. In resonance with the company’s mission of producing the best products while conserving the environment, this factor will play a crucial role in shaping the company’s strategies (Patagonia Website).

A company’s continued presence in the market is greatly depended on its public image. Public image is the outward appearance of the company in respect of certain the perception of its external environment (Fred, 2011). The parameters of public image include environmental conservation and corporate social responsibility. In order to safeguard its public image, a company has to act in a socially responsive manner, and tailor its operations to impress the public while maintaining its profitability margins. Patagonia gives out 1% of its profits to environmental conservation. This act helps boost its image in the public as a socially responsive company.

Companies are established within society and to serve communities, in as much as they seek profits. As a result, they must tailor their operations to suit the demands of the society they exist in. To this end, suppliers, public image and government regulations influence greatly a company’s strategy, mission and vision.

References

Fred, R., D. (2011). Strategic Management Concepts. London: Prentice Hall.

Patagonia. (2014). Available at: www.google.com/m?=patagonia or www.patagonia.org

Essay 4

Walt Disney is undoubtedly a favorite company to movie fans. As one of the oldest entertainment companies, it has withstood the wave of change that has seen similar companies collapse. To remain competitive for such a long period, the company must have definitely adopted an excellent approach to management. This write up will analyze the company strategic management design. In analyzing the design, the discourse will draw from The Cohesion Case (Fred, 2001), the importance of employees, customers and public image in strategic management.

According to Scott Soneshein (2006), the importance of employees in the strategic management of a corporation is cannot be overlooked. Companies generally develop blueprints of performance within any specific time, usually prorated to periods of a financial year. Blue prints remain on paper, while the execution task rests solely on the employees of the company. The employees are responsible for performing the tasks relevant to meeting the company’s objectives and goals. Scattered through several departments in a company, the employees are the breath of the company, without whom the company is just a shell. Walt Disney recognizes this aspect by holding the employees dear. The employees are well motivated through impressive remuneration and bonuses. Through this, they work to foster the company’s aspirations and long-term goals.

Customers are an equally important asset to the company. The customers are the market for the company’s products. A company earns its revenue from the payment of its products once sold. Accordingly, a company that desires to maximize on its profits must seek ways of enticing customers and retaining them. A sure way of going about this is ensuring that a company’s products are of the desirable quality and priced strategically (Soneshein, 2006). Disney movies are certainly some of the best the entertainment industry savors. The movies have also been made socially responsive through age restriction and content classification, to make them non-offending to audiences. In this way, the customers are satisfied and encouraged to form a continuous patronage with the company.

At the end of it all, a company ought to keep a good public image in order to appeal to its loyal customers and attract new ones. A good image is curved out of social responsiveness and corporate responsibility. A report released by Social Business 23 July 2014, listed Walt Disney as one of the top five socially responsive companies in the world. As a result, the public feels appreciated by the company and continues its patronage with the company. Certainly, the afore-discussed elements constitute a company’s valuable strategy assets. They are what builds a company or breaks it.

 

References

Soneshein, S. (2006). Explaining Employee Engagement with Strategic Change Implementation: A Meaning-Making Approach. Jones Graduate School of Management, Rice University: Texas.

Fred, R., D. (2011). Strategic Management Concepts. London: Prentice Hall

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Finance Essay Assignment Help Available

Finance
Finance

Finance Essay

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SOP – Assignment – Part 2
You have managed to acquire the last two years accounts for your fierce rival LMM Ltd. Your CEO has heard that you are studying Finance at Napier University and has asked for a report on how the opposition has been performing in that time span. Total words should not exceed 2,000, excluding any calculations.
LMM Ltd
Income Statements for the year ended 31 July
2014
2013
£000
£000
Continuing operations
Revenue
22,600
19,800
Cost of sales
(10,735)
(10,890)
Gross profit
11,865
8,910
Distribution costs
(5,424)
(3,960)
Administrative expenses
(4,068)
(2,574)
Profit from operations
2,373
2,376
Finance costs
(770)
(280)
Profit before tax
1,603
2,096
Tax
(294)
(133)
Profit for the period from continuing
operations attributable to equity holders
1,309
1,963
LMM Ltd
£000
£000
Statements of financial position as at 31 July
2014
2013
£000
£000
ASSETS
Non-current assets
Property, plant and equipment
22,916
16,200
Current assets
Inventories
1,932
1,525
Trade and other receivables
1,808
1,386
Cash and cash equivalents
582
0
4,322
2,911
Total assets
27,238
19,111
EQUITY AND LIABILITIES
Equity
Share capital
8,000
8,000
Retained earnings
6,334
5,025
Total equity
14,334
13,025
Non-current liabilities
Bank loans
11,000
4,000
11,000
4,000
Current liabilities
Trade payables
1,610
1,307
Tax liabilities
294
133
Bank overdraft
0
646
1,904
2,086
Total liabilities
12,904
6,086
Total equity and liabilities
27,238
19,111
REQUIRED:
a) Write a report (no more than 2 sides of A4) with your view on how LMM has performed in the two year period. You should show supporting calculations of at least SIX ratios (for each year) to back up your findings. (60%)
b) It has been rumoured that LMM is planning an expansion of their production facilities which will cost £5.5million. Discuss how this might be financed and any problems associated with the methods you have chosen. (40%)
Academic literature should be referred to in your answers.
Donald MacAskill Sept 2014

SAMPLE ANSWER

Finance

  1. Write a report (no more than 2 sides of A4) with your view on how LMM has performed in the two year period. You should show supporting calculations of at least SIX ratios (for each year) to back up your findings. (60%)

In 2013, the Working Capital Ratio which is ascertained by Current Assets / Current Liabilities, in was 1.4.  This increased to 2.3 in 2014.  The working capital ratio is an important ratio in determining the health of the company under scrutiny (Paradi, Rouatt & Zhi, 2011, 102).  It helps one determine the liquidity of a company.  The liquidity represents the ability of a company to rapidly turn assets into cash in order to meet its short-term obligations as they fall due.  Between 2013 and 2014, the company increased the component of liquid cash it held from 0 in 2013 to 582,000.  This arrangement is beneficial to the company as it places it in a stronger position with regards to competitors, in being able to pay off its debts quicker (Paradi, Rouatt & Zhi, 2011, 100).

The Quick ratio also called the acid test ratio is an important ratio.  When inventories are removed from the current assets figure, the true position of the company is cleared (Lazaridis & Tryfonidis, 2006, 28).  It should not be lost that inventory is held by the organization for trading or facilitating the operations of the company.   It is thus very important to determine how the cash and other items that can be easily and rapidly converted into a ready cash value.  In 2013 the ratio is 0.7 and improves significantly in 2014 to 1.3.  Two issues emerge in the analysis of this ratio.  In 2013, when the ratio stood at 0.7 the company could have been said to have a ratio lower that the ideal position by all companies.  All companies will seek to have at least a ratio of 1:1.  The position of 0.7 could not be so dire if the inventory is rapidly turned-over.  A high inventory turn-over makes available ready cash to the company within a short period of time (Paradi, & Zhu, 2013, 62).  In 2014 the ratio improved very significantly to 1.3.  This position places the company at a pedestal when it comes to taking advantage of emerging opportunities in the industry.  Taking the argument that the inventory has a high turn-over, it makes the company highly liquid (Lazaridis & Tryfonidis, 2006, 30).  This highly liquid position may however make the company a prime target for a takeover by a company that is looking to improve its liquidity position (Paradi, & Zhu, 2013, 62).

Quick Ratio = (Current assets – Inventory) / Current liability

The debt-to-equity ratio determines the level a company’s financial leverage (Paradi, Rouatt & Zhi, 2011, 102).  This is what is arrived at when the total liabilities and divided by the shareholders equity.  This is an important indicator of what proportion of a company’s assets is financed by equity and which part is by debt.  When a company has a huge debt, it reduces the margins which it operates under and which allow it to respond to market stimuli by adjusting fixed charges and manipulating the earnings available for dividends (Uyar, 2009).  This latitude is important as it could allow a company facing challenging stimuli adjust accordingly to ensure sustainability.  The risk of using this data to orchestrate a financial crisis is not remote.  In 2013 the ratio was 0.5 improving significantly to 0.9 in 2014.  In both years, the company reports very robust ratios.  The improvement from 0.5 to 0.9 further shows the strong position the company holds.  The improvement is on the basis of the loan that grew from 4,000,000 to 11,000,000

Debt-to-equity ratio = Total Liabilities / Shareholders Equity

The return on equity ratio is important as it allows ordinary shareholders determine individually how profitable their capital is in the business venture they have invested in (Uyar, 2009).  The profitability of a company is important as it has a direct effect of its shareholders.  When the return on equity is calculated, it reveals the estimated profitability of the company.  This return on equity reveals the amount of profit generated by the company with the money invested by the shareholders.  In 2013, the return on equity was 15.07%.  This fell to 9.13% in 2014.  The decline in return could be attributed to the additional costs that were incurred by the company in 2014.  Distribution costs and administrative costs grew significantly.  Despite the increased operational costs that the company incurred, it was able to smooth this by making additional income from its operations.  However, the finance costs increase with such that the profitability of the year could not cover it (Scott, & Jacka, 2011).  As a result the profits fell by almost 600,000.  This had the overall effect of reducing the shareholders return of equity.

Return on Equity = Net Income / Shareholder’s Equity

The net profit margin is an indication of how efficient the company is in controlling the cost surrounding its operations.  When the net profit margin is high, it exhibits a company that is efficiently converting its revenues into actual profits (Reiner, Turley & Willekens, 2008).   It shows that the company is able to turn its sales into income.  For 2013 the profit margin was 5.8% improving to 9.9% in 2014.  The increase in profit margin could be as a result of two factors.  To begin with, the company increased it’s from 19,800,000 to 22,600,000.  This growth is sales ensured the company had a strategy that was able to convert revenue into actual profits.  The second factor could be a reduction in the operational expenses (Scott, & Jacka, 2011).  The company was able to employ the same resources but milk greater profits from the same investment.

Profit margin = Net income / Net sales

Another set of ratios that examine how a company is performing are the solvency ratios.  This ratios are important as they determination point the long-term risk (Reiner, Turley & Willekens, 2008).  Shareholders and long-term creditors find these ratios important in assisting them make investment decision regarding the company.  Given that in business, there are only two ways to finance the acquisition on an asset; debt (using borrowed funds) and equity (using funds raised by shareholders or funds retained from the company’s internal operations – retained earnings).  The ratio determined for a company shows the percentage that each asset it financed by (Eljelly, 2004, 51).  Ideally, the level of debt that a company takes on is a subjective issue.  For a company that is has a high debt could be viewed as one that is able to leverage greatly.  In the same face, for a company that relies on heavy investment in fixed plants and equipments, the level of debt financing will similarly be bigger with aspects such as insurance and advertising agencies being some of the components that will see this figure grow.  Given that total debt of a company is made up of both long and short term debt.  For creditors, emphasis and special interest will be on the long-term debt, specifically seeking to determine how the company used this facility (Eljelly, 2004, 51).   In 2013, the 46.7% while in 2014, it was 90.0%.  By taking on additional debt, the ratio grew from 46.7 to 90.0.

Debt to total assets ratio = total debt / total assets

  1. b) It has been rumoured that LMM is planning an expansion of their production facilities which will cost £5.5million. Discuss how this might be financed and any problems associated with the methods you have chosen. (40%)

Currently, LMM has on its books a debt of 11 million.  In 2013 the debt ratio stood at 32 cents.  When it raised its loan from 4,000,000 to 11,000,000 the debt ratio rose to 47 cents to the dollar.  By adding an additional 5,500,000 to finance the expansion LMM will further raise its debt ratio to 68 cents to the dollar.  This sudden growth of the debt ratio would be alarming to someone looking at the figures without knowledge of the industry LMM operates in.  Before changing its debt strategy and adopting one that intentionally set out to manage debt over the long term as opposed to the short term, was based on a number of reasons.  LMM could have been looking at managing its debt better in the long term resulting in lower costs.  Though the short term would experience a growth in the overall debt, this is only an accounting growth (Paradi, & Zhu, 2013, 62).

Overall LMM will have gained by lowering its debt cost in the long term.   By getting the additional loan to expand its operations, the anticipated additional capacity will mean higher economies.  The expanded economies of scale will allow LMM to manage the additional debt with only raises the debt ratio marginally despite raising the debt level by almost 50 percent.  This could thus be interpreted to mean the LMM operations are very efficient.  This is an important factor when considering taking on additional debt to finance growth (Abdul & Mohamed, 2007, 280).  Overall LMM is in a strong position in its industry.  For the shareholders, the additional debt would mean better returns to them since the taxation system is kinder to debt financing for companies as opposed to refinancing or shareholders having exclusive rights to purchasing additional shares in the company.

LMM’s debt to equity ratio for 2013 was 47 cents to the dollar.  When LMM almost tripled its loan from 4,000,000 to 11,000,000 the debt to equity ratio rose almost doubled to 90 cents to the dollar.  By saddling LMM with the additional debt of 5,500,000 to finance its expansion then the ratio will raise to 1 dollar to the dollar.  This means that debt and equity equally finance the operation of LMM (Abdul & Mohamed, 2007, 280).  For the industry LMM operates in, the ratios point to a very efficient operation.  Despite the upward movement of the debt to equity ratio to the current 1.0 LMM is still below the industry ratio.  From its operations, LMM is able to generate profits that cover the repayment of the loans interest and principle.  As stated earlier, additional debt is beneficial to LMM shareholders.  Given the tax plans, LMM gains by getting debt to finance its expansion as opposed to floating shares to current shareholders exclusively (Htay, Arif, Soualhi, Zaharin, & Shaugee, 2013).

There are a few options that LMM could choose from when seeking to finance its 5,500,000 expansion in operations.    There are number of loan option and designs that LMM could adopt in order to strengthen its position in the industry.  A bank loan; depending on how it is designed, how it is paid out and repaid and the terms of the loan will determine the value it adds to the company.

Line-of-credit loans: This finds great favor with small businesses because all they need to do is walk into their bank, have a good talk with the credit or bank manager and if they have operated their accounts well, have a line-of-credit (over draft facility) extended (Narware, 2004,123).  This arrangement is best suited for securing a business’s operating costs for working capital, meeting inventory needs or business cycle needs.  Since the business only pays interest on the advanced money only, the knowledge that a pool exists which the company can access should the need arise, allows the company more room for maneuver in its operations. A line-of-credit would not be ideal for financing LMM’s expansion (Narware, 2004,123).

Installment loans: This design of loan will allow LMM to repay equal installments over the loan period (Chowdhury & Amin, Md, 2007, 77).  The equal monthly installments are designed to meet both the interest and principle equitably.  The repayment will determined on loan uptake and clearly captured in the loan contracts.  It also allow for early repayment of loans.  In some cases, it actually rewards early repayment of loans.

Balloon loans: By their nature, the interest is paid over the lifetime of the loan in equal regular installments with the principle paid as a lump sum on maturity of the loan.  The balloon loans are ideal for businesses that get payments on specific periodic dates (Cascarino, 2007, ).  LMM would find this arrangement most suitable given the nature of its business is such that incomes are period.

Secured and unsecured loans: LMM has the choice of either a secured or unsecured loan to finance the planned expansion.  For the unsecured loan, LMM will not be required to pledge any collateral in lieu of defaulting the loan (Abdul & Mohamed, 2007, 288).  This is the option available to those considered by lenders as being low risk. The definition of low risk is relative and will vary from person to person and situation to another (Raheman, & Mohamed, 2007, 280).  However the perception of low risk has the advantage of having to pay very low interest on loans.  On the other hand, for the secured loan, LMM will have to provide some form of collateral to secure the loan.  For the expansion that LMM plans, the collateral will the equipment to be purchased.  This is based on the fact that the collateral is related to the purpose of the loan (Chowdhury & Amin, Md, 2007, 77).  By LMM using the loan to purchase receivable, the bank will consider this as having being used to finance growth.  This classification will allow LMM access the great pool of resources the financier avails to its customers.  Most banks will lend up to 75 percent of the amount due (Padachi, 2006, 51).  This particular loan will thus not be ideal for LMM.  Not being able to access the whole amount will undermine the planned expansion.

Bankers are looking for interest income from a loan, along with a high likelihood that the loan will be repaid (Padachi, 2006, 55). They don’t want to control the business other than making sure it meets loan covenant standards, and they take collateral in lieu of repayment only as a last resort.

References

Paradi, J. C., Rouatt, S. & Zhi, H., 2011.  ‘Two-stage evaluation of bank branch efficiency using data envelopment analysis, Omega, Vol. 39, No. 1, pp 99-109

Paradi, J. C. & Zhu, H., 2013.  A survey on bank branch efficiency and performance research with data envelopment analysis, Omega, Vol. 41, No. 1, pp 61-79.

Abdul R & Mohamed N., 2007. Working capital management and profitability – case of Pakistani firms. International Review of Business Research Papers, Vol.3 (2), pp. 275 – 296.

Chowdhury, A & Amin, Md. M., 2007. Working capital management practiced in pharmaceutical companies listed in Dhaka stock exchange. BRAC University Journal,   Vol. IV, No. 2, 2007, pp. 75-86

Eljelly, A., 2004. Liquidity-profitability tradeoff: an empirical investigation in an emerging market, International Journal of Commerce and Management, Vol.14, No. 2, pp. 48- 61.

Lazaridis I & Tryfonidis, D., 2006. Relationship between working capital management and profitability of listed companies in the Athens stock exchange, Journal of Financial Management and Analysis, Vol.19, No. 1, pp 26 – 35.

Narware P. C., 2004. Working capital and profitability- an empirical analysis. The Management Accountant, Vol. 39, No. 6, pp 120-127.

Padachi, K., 2006. Trends in working capital management and its impact on firms’ performance: an analysis of Mauritian small manufacturing firms. International Review of Business Research Papers, Vol. 2, No. 2, pp. 45 – 58.

Raheman, Abdul & Mohamed Nasr., 2007. Working capital management and profitability- case of Pakistani firms. International Review of Business Research Paper, Vol. 3, No.1 ,pp.279-300.

Uyar, A., 2009. The relationship of cash conversion cycle with firm size and profitability: an empirical investigation in Turkey. International Research Journal of Finance and Economics, ISSN 1450-2887 Issue 24, EuroJournals Publishing, Inc.

Cascarino, R., 2007. ‘Intenal Auditing: An Integrated Approach,’ 2nd Ed, Lansdowne, South Africa.

Htay, S. N., Arif, M., Soualhi, Y., Zaharin, H. R & Shaugee, I., 2013.  ‘Accounting, Auditing and Governance for Takaful Operations,’ John Wiley & Sons, Hoboken, NJ.

Reiner, Q., Turley, S & Willekens, M., 2008.  ‘Auditing, Trust and Governance: Regulation in Europe,’ Routledge.

Scott, P. R & Jacka, J., 2011.  ‘Auditing Social Media: A Governance and Risk Guide,’ John Wiley & Sons, Inc, Hoboken, NJ.

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Business Mid-term Exam Available

Business Mid-term Exam
Business Mid-term Exam

Business Mid-term Exam

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Mid-term Exam
Answer each question below and reference course materials to explain your answers. No independent research is expected or necessary. This exam requires 4-5 double spaced typed pages plus a cover page with your name, the date and BLE 215 and Section. Required font: Times New Roman 12 with one inch margins. Staple your pages together. You should avoid excess spacing. Folders or covers are not required. Bolding of course materials used is very helpful and recommended. Number each question using Roman Numerals and a) b), etc. for any sub-parts. There is no need to restate the questions.
When you refer to course materials, simply include the author’s name, if applicable, in parenthesis. A reference page is not required. When using Trevino, also give a page no. after her name. For example, (Trevino, p. 25). Use an assortment of text, articles, cases, films and ethics concepts to explain your answers. There are many course materials on BB that you can use in addition to the text, class notes and anything presented in class such as films. Also, you should reference your CSR team project. The questions are not cumulative, i.e. answer each one independently of the other. You may repeat class materials in each answer but also strive for some variety. You have many course resources available for use to help you answer the questions.

Question 1 (25 points)
Joseph Johnson argues in his article, Natural Law and the Fiduciary Duties of Business Managers that “simply put, stakeholder theory sounds good in social theory but will not work in practice.”
Explain his reasoning in terms of fiduciary duty, profits and stakeholders.
Do you agree or disagree?
Would Milton Friedman agree or disagree and why or why not? Would Edward Freeman agree or disagree and why or why not?
Does stakeholder theory and corporate social responsibility conflict with the fiduciary duties of management and the board of directors to maximize shareholder wealth?

Question 2 (25 points)
Steve Kelman provides a critique of the cost-benefit analysis and whether it leads to a “flawed ethical result.”

  • Do you agree or disagree with his analysis?
  • Is cost-benefit analysis sustainable?
  • What other ethics concepts may yield more sustainable results?
  • Which is most appropriate for business?

Question 3 (25 Points)
In regard to the Ford Pinto Case, apply the Hosmer Model of Moral Analysis and
assess the economic outcomes, legal requirements and ethical duties. Express the moral problem so that everyone involved will believe that their particular interests have been recognized and included.

Question 4 (25 points)
You have been hired by Multi-LimbTech, International, Inc.,(MLTI) a cutting edge designer and seller of artificial limbs. You are excited about this job since it not only pays well but the company also provides a valuable service to humanity that results in amazing scientific advances that enhance peoples’ lives. However, after several months, you discover that one of the top selling leg prosthesis has a design defect. You are told not to be concerned since the product is not regulated by the government. Another inquiry is met with no response. You learn that the company has donated $100,000 to a local medical board that endorses this product. In one country where this product is distributed, gifts are very common to secure business transactions. Use course materials as you answer the following questions:

  • Can you identify conflicts and pressures?
  • What kinds of questions should you ask?
  • What are the various stakeholder interests?
  • Is what is legal here also ethical?
  • How can this company “do good and make a profit” (synergies of ethics and earnings)?
  • Do ethical norms vary across cultures?

Note: This case is fictional and intended for classroom instruction only.

SAMPLE ANSWER

Business Mid-term Exam

Question 1

I disagree with Johnson’s argument. Stakeholder theory argues that the principle aim of a business/organization is to create optimum value for stakeholders. In order for a business/organization to be sustainable and successful, executives should uphold the interests of consumers, employees, suppliers, shareholders and communities aligned with and moving towards the same direction. In relation this, innovations to make these interests aligned is more significant than the simple approach of trading off stakeholders’ interests against each other[1]. Therefore, by focusing on the management of stakeholders, executives will manage to create optimum value for shareholders and other financiers[2]. For instance, an IT business may conduct a campaign against cybercrimes such hacking the business’ systems. When such a campaign succeeds by reducing the levels of cyber crimes, such a business shall have satisfied the interest of stakeholders such as policemen who are in charge of handling criminal issues.

In relation to the aspect of profits, upholding the interest of consumers by offering services or goods that meet their expectations can lead to the generation more customers. As a result, the business can generate more revenues, which in turn can increase its profit margins.

Fiduciary duty refers to a legal obligation to act solely in a given party’s interest. Since the stakeholder theory aims at satisfying the interests of stakeholders, this theory is in line with the fiduciary duty, which advocates for acting according to the interest of other parties. Thus, both the social corporate responsibility and stakeholder theory do not contravene the management and board of directors’ fiduciary duties to optimize shareholder’s wealth.

Milton Friedman would agree with this concept. Friedman advocated for free market. The aspect of free market implies that all players within the industry are at liberty to act according to their interests. As such, according to Friedman’s view upholding the interests of other parties or stakeholders denies a business the opportunity to act according to its interest, which is against the concept of free market that advocates for lack of interference in business activities[3]. In this scenario, stakeholders act as a hindrance to the business in terms of meeting its interests.

Edward Freeman would disagree with Johnson’s argument. Freeman was the founder of the stakeholder theory and believed that this theory could operate in social theory. Freeman believed that this concept could offer optimum value for stakeholders as it was aimed at upholding their interest.

Question 2

I agree with Steve Kelman’s assessment. Cost-benefits analysis argues that individuals should only adopt those measures whose benefits exceed their expenses/harms. In relation to this, the cost-benefit theory tends to monetize everything including human life, thereby leading to the incommensurability problem. Taking into consideration aspects of commensurability and comparability, Kelman’s critique/analysis can be considered appropriate. Kelman challenges the cost-benefit evaluation’s action of assigning or giving monetary values to commodities that are not marketable/non-marketed goods. This argument is right as issues such human life cannot be granted monetary values. The technique that is employed in surfacing the values that are assigned to nonmarketable commodities may not grasp the value that goods hold for individuals in an adequate manner.

According to Kelman, cost-benefit operates by creating equivalencies that exist between the items in questions, and the result is determined by mathematics/arithmetic. As such, the outcome obtained from such an operation may be surprising in case such outcomes are close calls or some of them are long division. Such an occurrence only serves to create confusion. The primary component of cost-benefit evaluation can be considered a consequentialist evaluation. In relation to this, cost-benefit analysis leads to a situation in which a judgment is assessment based on the benefits and costs that are associated with its consequences[4]. At the primary level, such an evaluation can include diverse goods that take into consideration human costs such as duties, rights and environmental costs. In this way, the cost-benefit analysis happens to be incompatible with the ethical frameworks as it can lead to flawed outcomes.

Cost-benefit analysis can be considered sustainable. This concept can inform opportunity cost in offers a systematic procedure for monetizing, calculating and comparing economic benefits and costs that are associated with certain processes, regulations and actions. Some other concepts that can be used as complements to cost-benefit analysis are opportunity cost, cost of intangible assets and cost of externalities. For businesses, opportunity cost happens to be the best concept.

Question 3

The Ford Pinto’s case, which involved the explosion of Ford Pinto as a result of a defective fuel system, can be addressed using the Hosmer Model/Framework for of moral assessment. In order for a party achieve an effective completion of a moral issue, such a party should ensure determine the economic consequences, legal requirements and ethical duties that are associated with a given action[5]. Taking into consideration the aspect of economic consequences, the action of Ford’s management resulted into economic gains to the company. The firm’s management acted in accordance to the principle of cost-benefit analysis in that it focused on an action whose economic gains exceeded its costs. By moving ahead to manufacture Ford Pinto vehicles, the company generated more revenues. On the other hand, the company could have not realized these economic gains in it had heeded to the engineers’ advice. Heeding to such advice meant that the company was to spend more on improving the Ford Pinto’s gas tank[6]. Such an undertaking could have led to more costs than benefits, thereby disobeying the principle of cost-benefit analysis. Ford’s management failed to adhere to the legal requirement that all vehicles that were manufactured by then (1972) to meet the 20mph test, so that by 1973 all vehicles could meet 30mph[7]. Despite the Ford Pinto failing to meet this requirement, the company’s management went ahead to manufacture these vehicles, thereby contravening he law. Ethical duty is an obligation that is owed by a party to another party within the same society. In relation to this, the Ford Company owned members of the public a duty to ensure their safety when using the company’s vehicles. The company should have ensured that their vehicles are fitted with proper gas tanks that cannot expose individuals to risks such as fire or explosions. Despite the organization’s management being notified by the firm’s engineers about the default associated with Ford Pinto, the management went ahead to the production of those cars for next six years[8]. In this manner, the company’s management failed to act in accordance to their ethical obligation.

Question 4

In this case, there are several pressures and conflicts. The first conflict involves me and the Multi-Limb Tech. In case I decide to make the public aware of the defects associated with the company’s top selling product, I risk losing my job. Besides, my action can lead to the company losing its revenues. The second conflict involves the company and the local medicinal board that endorses its products. Multi-Limb Tech is pressured to cooperate with the board or risk being defamed[9]. As such, the company has to engage in corruptive measure such as issuing bribes, which are disguised as donation to the company. The third conflict involves Multi-Limb Tech and the public. It is the ethical duty of the company to protect its patients/clients. The last conflict is between the local medicinal board and public. It is the ethical duty of this board to ensure that manufacturers deliver safe products to the public.

I would ask myself the following questions: Have I identified the issue correctly? How would I have defined the problem if I were on the other side of the fence? What is my intention in making my decision? How does my intention compare with the possible results? Whom could my judgment injure?[10]

The legal issue in this case is not ethical. The endorsement of Multi-Limb Tech’s product by the local medicinal board has a superficial appearance of being legal. However, this action is illegal as the board is aware of the default in Multi-Limb Tech’s product.

The company can act rightly and continue to make earning by informing the public about the benefits and harms of its product. In this manner, the company shall have created awareness about this product’s default[11]. Being that this product attracts many buyers, consumers that will purchase it will have acted according to their interests. Therefore, the company will not be blamed for any harm associated with its product.

[1] Carroll, Archie. “Ethical Challenges for Business in the New Millennium: Corporate Social Responsibility and Models Management Morality.” Business Ethics Quarterly 10, no.1 (2000): 34-42.

[2] Freeman, Edward. “The Politics of Stakeholder Theory: Some Future Directions.” Business Ethics Quarterly 4, no.4 (1994): 410-421.

[3] Carroll, Archie & Shabana, Kareem. “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice.” International Journal of Management Review, (2010): 105

[4] Donaldson, Thomas, & Dunfee, Thomas. “When Ethics Travel: The Promise and Peril of Global Business Ethics.” California Management Review 41, no.4 (1999): 45-63

[5] Donaldson, Thomas. “Values in Tension: Ethics Away from Home.” Harvard Business Review, 4-12

[6] Danley, John. “Polishing Up the Pinto: Legal Liability, Moral Blame, and Risk.” Business Ethics Quarterly 15, no.2 (2005): 205-236.

[7] Becker, Paul & Bruce, Alan. “The Pinto Legacy: The Community as an Indirect Victim of Corporate Deviance.” Justice professional 12, no.3 (2000): 305

[8] Jones, Kristen & Geller, David. “Beyond the Business Case: An Ethical Perspective of Diversity Training.”Human Resource Management 52, no.1 (2013):55-74

[9] Porter, Michael & Kramer, Mark. “How to Reinvent Capitalism-and Unleash a Wave of Innovation and Grow.” Harvard Business Review, (2009): 63-79

[10] City of San Diego Office of Ethics and Integrity. “ Nash’s 12 Questions.”

[11]Porter, Michael & Kramer, Mark. “How to Reinvent Capitalism-and Unleash a Wave of Innovation and Grow.” Harvard Business Review, (2009): 63-79

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Graduate Certificate Program Essay Paper

Graduate Certificate Program
Graduate Certificate Program

Question (1) Discuss your professional goals in future as in studying in Graduate Certificate Program in Organizational and Executive Coaching

Here, the reason why studying the Graduate Certificate Program in Organizational and Executive Coaching is that the owner (me) want to open a
Chinese dim sum restaurant in New York City and that’s why need to learn/study the program for future management and organizational purpose in the stage of opening the dim sum restaurant.
Here is the link provide about the program information:
https://www.scps.nyu.edu/content/scps/academics/departments/leadership/academic-offerings/graduate/gc-in-organizational-and-executive-coaching.html

Be sure that the content is fit with the field that i intended to study.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

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leadership values, styles and challenges Essay

leadership values, styles and challenges
leadership values, styles and challenges

leadership values, styles and challenges

We are expected to answer the following questions:
What do you believe about leadership, followership, leaders and followers? where do these beliefs originate? (Reflection)
Some thoughts to consider: I grew up in a village that adopts a tribal system. My father is the Chief, I learned a lot of my leadership skills from him. We
need to relate this to the leadership values, styles, and challenges nowadays.

Use at least three (3) quality references Note: Wikipedia and other related websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Research Essay on Pather Panchali Movie

Research Essay on Pather Panchali
Research Essay on Pather Panchali

Research Essay on Pather Panchali

Research Essay on Pather Panchali by director Satyajit Ray based on the book Pather Panchali by Bibhutibhushan Bandhopadhyay

Individual Research Essay on Pather Panchali (mainly movie with reference to the book)
To be submitted at the start of lesson week 13

A 1000-2000 word paper (about 5?10 A4 pages) which should be word- processed 12 point Times New Roman or Arial).

An essay is not valued for the length of its text but by its analysis and critical arguments, and also new knowledge from reflexive thinking that only the student writer can bring to the writing.

The essay improves if you can say what you want to say, in the least number of words. You can help yourself in this regard by practising pre´cis writing.

The essay should be a critical paper that takes a strong position on a socio- economic or socio-cultural or socio-political issue and presents arguments that support the proposition.

The essay must refer only to film/s (one or more) that have been shown in class.

The essay is an academic paper and should be written in a suitable style. No chit-chatty language, good grammar and syntax, tight editing, coherent.

Photos should not be included unless necessary for illustrating a socio-cultural point

we have copyright issues, and the use of photos may cause students to be distracted by the form of the film. If images are used in the text, they should be in black and white. The photos may be used only in the hardcopy essay and not the soft-copy submitted to e-Learn Dropbox for Turnitin is unable to read photos.

The text should be printed on A4 sheets stapled at the left-hand corner. No need for colour printing, or folders, the academic style should be suitably sober and formal.

The hardcopy should be submitted for examination at the start of lesson 13, and a soft-copy must be submitted to e-Learn Dropbox for Turnitin (scrutiny for academic integrity

see SMU’s Code of Academic Integrity) by 11.59pm at the end of that day.

An example of a Film Research essay follows. Please note the in-text citation, and the citation used in the bibliography and filmography (please refer to the Chicago Manual of Style guide in e-Learn), and the design of the text with the first paragraph not indented, but following paragraphs indented.

Research Outline I submitted:
ARTS007 – Society and Culture in Film-G1
Research Essay Outline
Working Title: “A Series of Unfortunate Events”: Pipe Dreams and Abandonment in a Poverty Stricken Life.
Thesis Statement:
The selfish and opportunistic character of Harihar Roy (father) resulted in his alienation from the reality of his familial poverty and led to a bitter sequence of events that culminated in the death of his daughter Durga.

Abstract:
Despite the good intentions of Harihar for his family, he was too absorbed in his own selfish desire to continue in his family footsteps and be a poet/scholar even though it earned no money. This essay investigates the feature film; Pather Panchali, and suggests that Harihar’s blindness to the reality of the poverty and starvation that his family was in and building up of pipe dreams led to the complete breakdown of the family and the loss of their one and only unmarried daughter. Harihar’s abandonment of family and departure in search of an income changed the course of the family life forever. Harihar should have opened his eyes and ears to his family and listened to his wife whose concerns of fixing the house, buying medicine for Durga, and finding a suitable suitor for Durga could have saved her life and a future for their family.
Point 1 – Opportunistic and Selfish Character
Evidence:
a) He was telling his wife, Sarbajaya, that he must continue to be a scholar and poet
b) He wanted to continue his family legacy
c) He took a job with a wealthy farmer despite no steady wages from his for many months
d) He wanted to continue also performing rituals as his father had done
Point 1 – Unwilling to Listen and See Reality
Evidence:
a) His wife had on many occasions questioned and confronted him about many legitimate concerns
b) He dismissed all these outright and kept repeating “Do not worry”
c) He blamed situation on God saying, “Whatever God does is for the best”
d) He paid no attention to how Durga was behaving with stealing food from neighbors orchard (because she was so hungry) and how Apu only could eat rice all the time.
e) He did not see that Durga was of marriageable age and to find her an appropriate suitor to take care of her, especially considering this was in 1955 Bengali village where women get married early.
Point 3 – Abandonment of family and no communication for many months
Evidence:
a) He left one day abruptly saying he was going to seek employment in the city but did not provide Sarbajaya with enough money or food to sustain herself or the family.
b) He did not respond for many months at a streth and did not inquire about the family’s condition despite knowing the house was falling apart and the poverty was unbearable.
Bibliography:
Bandopadhyay, Bibhutibhushan. 1929. Pather Panchali. Bengal: Ranjan Prakashalay.
Parsipur, Shahrnush. 1989. Women Without Men. Tehran: Iran
Filmography:
Pather Panchali. 1995. Dir.: Satyajit Ray.
http://www.youtube.com/watch?v=m_1n3Tt1RtE&list=PL0vj7O8wvGCoS11FvReUUOhYUjLrIcfaq
Comment from Professor for the Research Outline:
Here are some comments on your research outline. Don’t panic if I seem to think that you’ve not got your proposition spot-on. I can see if you tried your best and gave your research outline the thinking that it requires, which means I do know when you’ve not given your best (for whatever reasons), and you must allow that I will be objective.

So why this assignment to blight your evening? The whole idea of this research outline: 1) it starts you thinking about research and writing to prepare you for your essay assignment 2) it allows you to have a PhD level supervisor, think on your ideas and respond to them, and guide you into considering other directions or seeking more depth 3) it is one way to give you grades for a mid-term component, which is a requirement. I think this assignment is more beneficial to your growth of thinking than an MCQ. Do realize it gives me a lot of work, and don’t think I gave the assignment out of sadism, neither am I a masochist, just an instructor is doing what she thinks is the needful.

Note well: You do not have to research according to the lines I suggest. You make your own choices. Feel free to write on a different topic if this is what you want, or write on different movies, or continue with the investigation you started with your research outline. I will grade your essays on that assignment’s own terms. The research outline and the research essay are 2 discretely different assignments. In the next few days in class, you can consult me on your essays, but I can only respond to questions and ideas and not suggest my own, because I have to be objective. Again, remember, you are not bound to follow my suggestions. The essay is yours alone.
Late: The research project does not move beyond a description of what you see as the portrayal of the selfishness of the father character (Hatihari) in Satyatjit Ray’s "Pather Panchali". Scholarship must move beyond the descriptive to the analytical and then to higher order thinking. So if Hatihari ‘s selfishness is the point being made, we can begin to ask why was the man so intent on writing plays when it was clear that he needed to go out to earn money to feed his family and repair the house. We learn that the man is a Brahmin, a member of the highest, priestly caste. A person brought up on literature, since all Hindu teachings are by way of stories including the Mahabharata and the Ramayana. The movie’s motif of the train, the evidence of the creep of the marketplace into the village points to the changing times. It is not enough to depend on traditions of the caste system for one to hold a place in society. In the modern consumerist society, it is the person who has wealth that is situated high in the social hierarchy. This is the analysis. Higher order thinking come when we extrapolate further to a proposition that the movie comments on a stagnant Indian economy because its people will not do the needful to survive in today’s world of transnational markets. Thus like Harihar’s family, the majority in India are abjectly poor. I do not understand the bibliography. It should list articles and texts that have been referred to/and will be referred to in the essay.

Did you read Bandopadhyay, Bibhutibhushan. 1929 book Pather Panchali? or Parsipur, Shahrnush’s "Women Without Men?" Why read the latter book for a discussion of Pather Panchali? And is Bandopadhyay’s book available? The title should be something pithy that makes the point being made in the essay, for example: "Progressive India is but a pipe dream: Satyajit Ray’s Pather Panchali. The thesis statement is along the lines: Satyatjit Ray’s Pather Panchali is a neo-realist film which tells the story of a Brahmin, Harhar Ray (not Roy) who clings to his traditional role as a man of letters. In the 1920s, the time in which the movie is set, the marketplace has crept into Ray’s rural village in Bengal. Money, earned in the marketplace, and not pipe dreams is needed to survive. Harihar’s blithe fatalism and his lack of response to the changing times reduces his family to an abject poverty that ends in tragedy. This essay argues that Satyatjit Ray’s film "Pather Panchali" is a depiction of modern Indian society where little is done to improve the economy and raise the majority of its people out of abject poverty.

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Romantic love involves a kind of illusion

Romantic love involves a kind of illusion
Romantic love involves a kind of illusion

Schopenhauer and Atkinson both hold that romantic love involves a kind of illusion. Explain each theorist’s account of this illusion and its role in romantic love(Schopenhauer and Rapaport).

Write in your own words using your own ideas. Refer to philosophers by their surnames, not first names. Base your paper on readings in the textbook. Secondary sources are not recommended or required. If you use them, must provide APA format. The title of the textbook is Philosophical Perspectives on Sex and Love Edited by Robert M.Stewart. The 2 reading passages in this textbook recommended for the essay is Arthur Schopenhauer’s The Metaphysics of the Love of the Sexes and Elizabeth Rapaport’s On the Future of Love: Rousseau and the Radical Feminists.

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Best and Worst Training Experiences Essay

Best and Worst Training Experiences
Best and Worst Training Experiences

Best and Worst Training Experiences Essay

Order Instructions:

Best and Worst Training Experiences Essay

This assignment is worth 20% of your final grade. It gives you an opportunity to apply concepts and theories from the textbook to your real-life experience in training programs. You must complete this assignment individually, without contacting other students. The assignment addresses Course Objectives 1, 4, and 5.

Most of us have had to participate in some type of training on our jobs, such as new employee orientation, lunch-and-learn workshops, Employee Assistance Program training, technical skill training, employee benefits update meetings, or management development workshops. Some of us have experienced on-the-job training. Others have participated in professional development workshops or skills-based continuing education classes. Think about the best and worst training experiences you have had.

YOUR ASSIGNMENT

Write an 8-10 page essay (not including cover and reference pages) analyzing both your best and worst training experiences as an employee. Be specific in discussing what made the experiences good or bad. Chapters 4-8 in the textbook cover the design of training, transfer of training, evaluation of training, and training methods; you might want to review the chapter summaries in the Course Content area of our classroom to refresh your understanding of important theories and concepts that might apply to your training experiences. There is also a list of key terms at the end of each chapter in the textbook and a glossary on pp. 485-496.

Your essay should include brief descriptions of the training experiences:
• The objective(s) of the training
• The target audience
• The training site (see Chapter 5)
• Training methods used (see Chapters 7 and 8)
• What, if any, kind of evaluation was conducted (see Chapter 6)

The major focus of your paper is your analysis, which is worth 65% of the grade for this assignment. Your analysis should include:
• An assessment of the specific factors that contributed to the success or ineffectiveness of the training; for example, consider these questions:
o Did the training achieve its objective(s)?
o Was the training site conducive to learning?
o Were the methods chosen appropriate for the topic and the audience?
o Did you have opportunities to practice and receive feedback?
• A discussion of the learning theory or theories that you believe guided the training (see Chapter 4)
• An assessment of the competencies, knowledge, and/or skills demonstrated by the trainer(s). In 2013 the American Society for Training and Development (ASTD) introduced a new ASTD Competency Model for training and development professionals. Click on the link below to access an interactive version of the competency model (for example, click on Training Delivery to see the definition of this competency and behavioral indicators):
http://www.astd.org/Certification/Competency-Model
• A discussion of whether or not you transferred what you learned to your job, whether or not you had any lapses, and what contributed to your successful or unsuccessful transfer or to your lapses (see Chapter 4)
• Your specific recommendations for improving the training, based on what you now know about effective training programs

The information above should be included in your paper but you are free to organize your essay in whatever way makes sense to you. You may use the first person (“I attended a program” or “the trainer told us”) in discussing your experiences. Support your analysis with citations from the textbook, additional readings from this class or other HR courses, and your own research. You can also apply what you have learned from the supplemental information about Bloom’s taxonomy and Kirkpatrick’s levels of evaluation posted in Course Content and from using the T&D tools. Make sure you define all key terms and cite the source(s) of your definition. Since this is not primarily a research paper, no specific number of references is required. However, you must cite the textbook.

Use APA format for all citations, quotations, and references. References should be listed on a separate page as required by APA style. Please put your name and your Turnitin score on a cover page. Your paper should be double spaced with one inch margins and a font size of at least 11 points; do not include any spaces between paragraphs or sections.

Submit your report to Turnitin.com for an originality report. Instructions for using Turnitin can be found in the Course Content area. Because many factors can affect the originality score, there is no specific required score. However, you should try to get your score as low as possible and if it is not in the “green,” you should make revisions. Read your originality report carefully and if you are not satisfied with your Turnitin score, you can revise and resubmit your paper as many times as you like; however, you must use the same document name each time you submit it. It can take 4-24 hours to get an originality report, so plan your time accordingly. Papers submitted without a Turnitin score will be returned unread and the standard late penalty will apply until the paper is resubmitted with the score.

Submit your assignment electronically via the Assignment folder.

Name your file this way: YourLastNameFirstInitial_BestWorst
(Example: DrakeClarkD_BestWorst)

Due date: Sunday, July 13, 11:59 p.m. Eastern time.

Please see the next page for the grading criteria for this assignment.

Criteria for Grading Best and Worst Training Experiences Essay
A B C F Points Earned
Knowledge and Application of Relevant Concepts and Theories
(65 pts) Student demonstrated exceptional knowledge of relevant theories and concepts; student did an exceptional job of applying theories and concepts to workplace training experiences; all statements and opinions were supported by appropriate citations from the textbook and from other sources.

65 – 59 points Student demonstrated satisfactory knowledge of relevant theories and concepts; student did a satisfactory job of applying theories and concepts to workplace training experiences; most statements and opinions were supported by appropriate citations primarily from the textbook.

58 – 52 points Student demonstrated less than satisfactory knowledge of relevant theories and concepts; student did a less than satisfactory job of applying theories and concepts to workplace training experiences; some statements and opinions were not supported by appropriate citations.

51 – 46 points Student demonstrated unsatisfactory knowledge of relevant theories and concepts; student did an inadequate job of applying theories and concepts to workplace training experiences; many statements and opinions were not supported by appropriate citations.

45 – 0 points
Comments
Presentation of Ideas and Mechanics
(30 pts) Student presented ideas in a clear, compelling manner; essay contained few distracting writing, grammar, and/or spelling problems; the page length requirement was met.

30 – 27 points Student presented ideas in an organized manner; essay contained several distracting writing, grammar, and/or spelling problems; the page length requirement may have been slightly exceeded.

26 – 24 points Student presented ideas in a somewhat organized manner; essay contained a number of distracting grammar and/or spelling problems; the page length requirement may not have been met.

23 – 21 points Student presented ideas in a poorly organized manner; essay contained many distracting writing, grammar, and/or spelling problems; the page length requirement was not met.

20 – 0 points
Comments
APA formatting
(5 pts) All citations, quotations, and references were formatted correctly or contained only one or two minor errors.

5.0 – 4.5 Most citations, quotations, and references were formatted correctly or contained a few minor errors.

4.4 – 4.0 points Some citations, quotations, and references were not formatted correctly or contained major errors.

3.9 – 3.5 points Many citations, quotations, and references were not formatted correctly or contained many errors.

3.4 – 0 points
Comments
Total Points Earned
(100 points max)

Overall Comments

SAMPLE ANSWER

Best and Worst Training Experiences

Introduction

Organizations often train their employees with the aim of equipping them with skills in new areas or areas in which they are not properly conversant. As such, the training experience can either be effective or ineffective based on several factors that can be caused by the trainer or the training environment (Ameeq-ul-Amee, 2013). As an employee, I happened to have attended two trainings that made me realize that not all trainings can be effective to employees. In my first training, we were to be oriented on the methods of interacting with the local community member to whom we were to distribute sanitary pads and sleeping nets. My second training was focused on the development of knowledge on ISO (International Organization for Standardization) practices, which were to apply in our daily activities in a dairy company where I was employed as a part-time worker. In relation to this, the training on the ISO practices happened to be my best training, while those on how to interact with the local community members was my worst. These outcomes were attributed to several factors that are analyzed below.

Description of the Two Trainings

The principle objective of the first training was to equip employees with adequate knowledge on how to interact with the local community members during the distribution of sleeping nets and sanitary pads. This training was funded by a local NGO that dealt with the welfare of the local communities. The training was conducted at a park next to a busy highway as this place was considered convenient to all the trainees in terms of accessibility. Its target audience was the local community members. However, this training did not involve an evaluation to ascertain whether the employees had benefited from it or not.   On the other side, the training on ISO practices was targeted at equipping workers with adequate skills and knowledge on the best manufacturing practices so that they could apply this knowledge in enhancing productivity in the dairy company. This training was carried out in one of the company’s conference rooms and its target audience was the employees. Besides, this training also involved an evaluation to ascertain whether the workers had gained knowledge from it or not.

Analysis of Factors that Led to the Success and Failure of the Two Trainings

Factors that Contributed to the Success of the Training on ISO Practices

This training was conducted to nine workers from the company’s production department and six employees from the quality assurance department. At the end of the training, all these workers were noted to have sufficient skills in the areas on which they were trained. As such, this training managed to accomplish its core objective. Several factors led to the success of this training program.

One of the principle factors that contributed significantly to the effectiveness of this training was proper selection and preparation of the training site by the company’s management. The firm’s management chose one of its best conference rooms as the training site. Selection of a suitable training site is vital in ensuring that trainees are not distracted during the process of training. This site had the necessary requirements for a suitable training site. It was accessible and comfortable, private, quite, free from interruptions and spacious (Noe, 2013). In relation to comfort and accessibility, the conference room was well lit, ventilated, and furnished with comfortable seats. On the other side, the aspects of quietness and privacy ensured that trainees were not disrupted during the training process. Consequently, the adequate space offered by the training site ensured that trainees had good visibility for each other. Besides, this aspect ensured that visual displays such as charts and video were used in delivering knowledge in an efficient manner (Jayakumar, 2014). In addition, the traditional classroom seating arrangement that the management selected for trainees facilitated the process of knowledge delivery. A good comprehension of the appropriate form of trainee-trainer and trainer interaction is vital in the selection of a suitable seating arrangement. Traditional classroom seating arrangement is often suitable in situations in which the process of training involves the acquisition of knowledge (Noe, 2013). As such, this form of seating arrangement was relevant to the training as the training was based on delivering the knowledge on ISO practices to trainees. In addition, the conventional classroom arrangement is usually relevant to trainings that involve lecturing and audio-visual presentation as was in the case of this training.

Training methods that trainers employ during the training process play a significant role in the determination of the effectiveness of the knowledge delivery process. Some of the factors that should be taken into consideration during the selection of training methods are the intended learning results, the needed learning environment, aspect of transferring learning, effectiveness and cost (Noe, 2013). In relation to this, lecturing, audio-visual, case studies and self-directed learning were selected for this training as they were efficient in the attainment of the core objective of the training. Trainees were required to seat and take notes on the issues that were lectured on by the trainer. To complement the learning process, trainees were allowed to ask questions on areas that were not clear. The use of the audio-visual technique was significant in the provision of visual examples to trainees. This undertaking ensured that all employees in the training comprehended what was being taught. Moreover, the training involved practical application or demonstration of the knowledge gained from the workshop. Trainees were required to demonstrate their actions in relation to various situations of production that required the application of ISO practices. Furthermore, written tests and assignments were given at the end of every training session to help in the identification of the trainees’ understanding of the topic that was under study. The trainer also employed several case studies in the teaching process so that trainees could manage to contextualize the theoretical knowledge in the real world scenario. Consequently, the trainers also used self-directed learning in the training process. Self-directed learning refers to the approach that is based on the placement total responsibility for the learning process on employees or trainers (Noe, 2013). This undertaking also involves placing responsibility on employees in terms of when the process of learning will be conducted and with whom.  In this training method, the content of training is often predetermined. However, learners are always allowed to study the contents of training in their pace and way. Besides, it is recommended that when trainers use this method, they should be available to respond to questions asked by trainees and facilitate the process of learning. In relation to this, employees in the training were provided with the topics that the training was to cover and were required to conduct a prior study on them before they could be taught in class. The incorporation of these four techniques ensured that the trainer delivered knowledge to us in an efficient manner.

I was impressed by the approach that the trainer employed at the end of every training session. The trainer ensured that evaluations were conducted at the end of each training session to help in determining whether employees comprehended what they were taught. Monitoring and evaluation is a vital concept in the assessment of the learners’ or trainees’ knowledge and skills after undergoing training on a given area. Some of the methods that were used to assess the knowledge of trainees were brainstorming and experimentations (Latif, 2013). Trainees were taken to a secluded room and asked questions on various areas of training. Moreover, learners were required to display a practical demonstration of the knowledge that they gained from the training. This step was embraced to help in the assessment of cognitive outcomes. Cognitive outcomes are used in determining the level at which learners are familiar with the techniques, procedures, principles and information they have been taught (Noe, 2013). Besides, it was used in the assessment of the skill and behavior-based outcomes. Skill-based outcomes help in assessing the behaviors that learners have acquired from the training as it takes into consideration learner’s application of the knowledge gained from training (Noe, 2013).  These stages were followed by assessment of learners’ skills and knowledge on the interviewed area and provision of feedbacks. The process of feedback delivery was conducted in a friendly manner that created a relaxed atmosphere between the trainers and trainees. As such, each one of us managed to strengthen areas of weaknesses on the trained topic.

Factors that Led to the Ineffectiveness of the Training on Distribution of Nets and Sanitary Pads

The training on how to interact with local community members during the distribution of sleeping nets and sanitary pads was ineffective in relation to achieving its goal. The principle objective of this training was to equipping learners with adequate interaction skills, which could help them in the process of distributing sleeping nets and sanitary pads to local community members. Accomplishment of the training objectives is vital way of determining the effectiveness of a training program (Latif, 2013). As such, this training was ineffective since many learners could not demonstrate the skills that they were taught in classroom in the field. This training ended up being ineffective due to two factors.

First, the selection of the training site was not done in a proper manner. The training was conducted inside a tent in park that was located next to a busy highway. As such, this training site was uncomfortable and did not provide for quietness and privacy, which are essential for a suitable training site. The location of the training site next to the highway exposed learners to interruptions from the honking or sounds of the passing vehicles. I remember several instances when learners were being interrupted by hooting of the vehicles during the learning process. Besides, the training room was not well ventilated and learners could complain of excessive heat in some occasions. Second, the training methods that were used in the teaching process were not effective in equipping learners with the desired skills and knowledge. In this training, the trainer focused mostly on the presentation methods such as lectures and audio-visual. This approach was not effective as these methods did not focus on the practical aspect of learning (Latif, 2013). The interaction process required training that was based on hands-on-methods such as on-the-job training. Using presentation methods led to a situation in which learners could not apply the knowledge gained from the classroom in the field. This inefficiency was evident in the fieldwork in that many employees experienced problems relating to members of the local community. In some instances, some of the workers received harsh treatment from local community members who perceived our mission as an insult. This issue was caused by the learners’ inability to express themselves and the mission of our program correctly. Lastly, there was not evaluation conducted to ascertain the learners’ understanding of what was taught in the training. Therefore, the trainer could not manage to identify whether learners had comprehended what they were taught.

Learning Theory that Guided the Training

Learning happens to be among the significant activities in which people often engage as it exists at the core of the educational process. Effective training requires that trainers comprehend the various theories that help in guiding the learning process (Noe, 2013). In the two trainings, behavioral theories such as operant conditioning and classical conditioning played vital role in guiding the process of learning. Operant conditioning aids in the illustration of the information acquisition rate and establishment of behaviors or actions that are conducive for a classroom environment. On the other side, classical conditioning played a significant role in explaining why learners react emotionally to various stimuli (Noe, 2013). For instance, in the training that focused on how to interact with local community members, learners were seen to react angrily to the condition of the classroom that was hot.

Assessment of the Knowledge, Skills and Competencies of both Trainers

In the two trainings, trainers had different levels of skills, knowledge and competencies. The trainer that focused on ISO practices had more skills and knowledge than the one that taught on interaction methods. This trainer selected the training methods were relevant in the delivery of knowledge on ISO practices to students. Moreover, this trainer accompanied the training process with evaluations, which help in the revelation of areas in which learners lacked experience. The trainer had adequate knowledge on the area of study and this helped in the selection of appropriate training methods. As such, this trainer can be considered competent. On the contrary, the second trainer did not select the appropriate training methods that could help in delivering the desired knowledge to employees. In addition, this trainer lacked as system of monitoring the performance and understanding levels of learners. I, therefore, consider this trainer incompetent.

The Transfer of the Knowledge Gained from Both Trainings

Application of the knowledge gained from training can be categorized into near or far. Near transfer refers to the application of the knowledge gained from training in the real work set-up. Thus, the training on ISO practices involved near transfer of knowledge (Noe, 2013). Moreover, trainings that focus on near transfer can involve the following of standardized processes and procedures as was in the case of ISO practices’ training.   On the contrary, far transfer involves the teaching of broad principle and key behaviors as in the case of the training on interaction methods, which focused on teaching learners how to behave as they interacted with local community members. My transfer of the knowledge gained from the training on ISO practices was successful. This success was attributed to the effective methods of training and evaluations that the trainer employed in the training process. Furthermore, the proper selection of the training site also facilitated my understanding of the topic under study. In contrast, I did not manage to transfer the knowledge that I gained from the training on interaction methods in the field effectively. This failure was lined to poor selection of training site and training methods. Besides, the ineffectiveness of this training resulted from the lack of assessment.

Recommendations

Trainers should ensure that they have adequate skills and knowledge on the topic they want to teach as this can help select appropriate training methods (Noe, 2013). Besides, they should ensure that the training sites selected offer comfort, privacy, and quietness as this helps in ensuring that learners are not interrupted during training

References

Ameeq-ul-Amee, H. (2013). Impact of Training on Employee’s Development and Performance  in Hotel Industry of Lahore, Pakistan. Journal of Business Studies Quarterly, 4(4), 68-82.

Jayakumar, S; Sam, D; Sulthan, A. (2014). Modelling: Employee Perception on Training and Development. SCMS Journal of Indian Management, 11(2), 57-70.

Latif, K. (2013). Association of Training Satisfaction with Employee Development Aspect of job Satisfaction. Journal of Managerial Sciences, 7(1), 59-178.

Noe, R. (2013). Employee Training and Development. New York: McGraw-Hill Education

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Criterion when selecting a business Paper

Criterion when selecting a business
Criterion when selecting a business

Entrepreneurship: criterion when selecting a business

Order Instructions:

INDIVIDUAL ASSIGNMENT This assignment calls for critical thinking and analysis of the entrepreneurial process in entrepreneurship. ASSIGNMENT OBJECTIVES: The assignment is intended to foster the following objectives: ? ? ? Improving your critical thinking and application skills. Identifying innovation and organisational management opportunities and applying them strategically as needed to grow and sustain for profit / not for profit ventures. Combining knowledge from other courses with the new material presented in the course to develop sophisticated analyses and solutions to pursuing innovative solutions in today’s fast-paced, global, and highly competitive environment.

ASSIGNMENT QUESTION “One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.” – Jeff P. Bezos What does Jeff Bezos mean and what is the impact for would-be entrepreneurs? In this regard analyse the workings of Amazon.com. How is it a global company? What makes it competitive and if so is it sustainable? On this matter how can Yemen create success stories like Apple, Samsung, Google and others like them in Yemen? Apply the William D. Bygrave model of the entrepreneurial process to comprehensively recommend a workable approach for Yemen today. You are required to discuss and evaluate the challenges posed and substantiate your answer with local and global examples where appropriate. [80 marks]

SAMPLE ANSWER

Entrepreneurship

Criterion when selecting a business

Purpose of the Paper

This paper delineates on the criteria that entrepreneurial gurus recommend to be used while selecting a business venture. With special focus on Jeff Bezos sentiments about entrepreneurial passion, this paper develops a concise but analytical synthesis of the workings of Amzon.com, focusing on its competitiveness, its global performance, and relates this success with other international entities like Apple, Samsung, and Google among others. The stories of these successful multinationals are then intricately applied to the case of Malaysia, where the author focuses on the strategies that the said country can use to register a similar stellar performance.

Discussion

Advising entrepreneur Jeff Bezos, the founder and CEO of Amazon Inc., notes that it is better to pick something one is passionate about instead of chasing the hot thing. He had to decide to leave his good job at Wall Street and start his own company. His guiding philosophy was to start now and avoid regret later. When one does the thing that they are passionate about, they are likely to build better products and to succeed. Since its inception in 1995, Amazon has grown into the world’s largest retailer with sales totaling over $60 billion in 2012 (Spector, 2008). Amazon has sites across several countries in the world, over 20 fulfillment centers around the globe with more than nine million square feet of warehouse space making it a global company.

Amazon.com employs a number of strategies in creating a competitive advantage over their rivals. One such strategy is customer tracking where they are able to customize customer’s experience and recommending certain products for existing clients. Amazon is able to offer personalized customer service based on an analysis of their past purchases and other services such as lists of guides and reviews written by users who have bought the product before. The company also adopts the direct Amazon-to-buyer approach to sales. It offers a wide array of products from books, beauty products, entertainment devices, and several others. Their multi-leveled e-commerce strategy is another competitive advantage they enjoy over rivals. The company lets a great deal of potential sellers to use their platform. Through innovation and technology use, Amazon allows associates to build websites based on their platform. This allows the growth of their rich database of applications and products (Spector, 2008). These strategies are very sustainable through the use of technological advancement in IT that is inexhaustible and unlimited. As more advanced technologies and innovation continue to be developed companies that are innovative and swift in adopting the same are able to take advantage of this sustainable competitive advantage.

In order to realize entrepreneurial growth, Malaysia can create conducive environmental factors and programs to nurture personal characteristics in order to increase the tendency toward opening small businesses. The role of the government should be focused on facilitating the interaction between the individual and environmental factors as well as the organizational variables. In innovation, the environmental factors such as role models, creativity, and opportunities interplay with the personal characteristics such as risk taking, education, and creativity. Innovation leads to the triggering stage, which also involves the personal characteristics, environmental factors, and the sociological networks. At this stage, Malaysia needs to consider policies that are business related, incubator services, and resources availability. Government policy is also very crucial during the implementation and growth stage (Bygrave & Zacharakis, 2009). In this perspective, the entrepreneurial process is approached as a start-up through opportunity exploitation. Israel is known for its heavy investment in research and development and risk taking culture that promotes innovation and creativity. The growth of companies such as the Onavo in Tel Aviv offers a good example for Malaysia.

Moreover, entrepreneurship should be taken as an integral part not only of the political system but also of the education system and the national culture if Malaysia is to achieve goals in creating global brands. The primary focus should be in fostering an entrepreneur culture to reinforce the efforts of the education system in promoting innovation and creativity. The education system is a key factor in creating the necessary prerequisite for potential fast growth companies and technology based business. This will help the country to forsake the well-trodden paths and open up new territory in the global platform; turning dreams into reality.

Entrepreneur culture requires that people are motivated to pursue their personal dreams through positive personal characteristics such as risk taking and creativity. An entrepreneur culture promotes competition and collaborations. Through competition and more efficient allocation of resources is what drives emergency of new and vibrant entrepreneurship. Emerging entrepreneurs in this approach have the capacity and the motivation to destroy the existing market equilibrium through innovation, technology, competition, and creative destruction.

Notably, successful start-ups require a lead entrepreneur who is supported by a management team. Businesses cannot thrive in the absence of the people, the idea, and the resources. The people in this case represent the founder as well as the management team. This group is there to provide the necessary leadership and motivation in embracing and working towards the vision of the company. The idea is a developed and refined concept that is focused on exploiting market opportunities. In addition, start-ups require resources in setting up and making the business grow. Effective management and leadership reinforced with the necessary resource and innovative ideas would drive new entrepreneurs to demand a voice in the global markets.

The entrepreneurial process in Malaysia as a developing country is likely to face the challenges of financing and risk management. Entrepreneurs are likely to face hardships in convincing prospective venture capitalists concerning their projects. Lack of information concerning the importance of buying an insurance coverage for businesses is likely to affect the success of entrepreneurship in this country.

A framework for entrepreneurship conditions would involve promoting an entrepreneurial culture and venture spirit, reduction of administrative burdens, easy access to advisory services, competitive entrepreneur taxation, and smooth financing market, and commercialization of research (Bygrave & Zacharakis, 2009). A country that has been successful in promoting entrepreneurship through such strategies is Denmark ranking fifth globally in terms of entrepreneur activity with over 20, 000 new companies per annum.

In lieu of the facts and arguments presented herein, it suffices to conclude that the role of personal characteristics in the entrepreneurial process coupled with government support is evident from the Bygrave model and several case studies such as the Amazon.com. When individuals are encouraged to follow what they love doing through active programs and process that promote entrepreneurship, they are likely to venture more into business and be successful. This should involve creating an education system that fosters such elements as innovation, creativity, entrepreneurship, as well as developing good policies and business environment. The cases of some of the most renowned multinationals such as Google, Apple among others present a benchmark on which Malaysia as a country could utilize to gain a competitive advantage, and become a force to reckon with in the global market. Lastly, Amazon.com also provides useful insights that could be borrowed to facilitate the improvement of Malaysia. Overall, entrepreneurial ventures must involve strategic analysis and approaches, as made rife in the above analysis.

References

Bygrave, W. D., & Zacharakis, A. (2009). The Entrepreneurial Process. Portable MBA In Entrepreneurship (9780470481318), 1.

Spector, R. (2008). Amazon.com : Get Big Fast. Pymble, NSW: HarperCollins e-books.

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