by EssayRoyal, Dec. 10, 2019, 6:03 p.m.
How has Unilever targeted the black population in Brazil? How does the company’s strategy in Brazil differ from its strategy in other countries? What does your response tell you about Unilever’s overall global marketing strategy?
Hill and Hult (2016) explained that Brazil has the largest black population outside of Nigeria, and a company called Unilever has utilized this fact in their targeted marketing strategies. Unilever targeted this particular population by offering a range of skincare products and cosmetics that were tailored specifically for them (Hill, & Hult, 2016). They also even marketed a product that included both black and white populations by utilizing women with different shades of skin color and stated that this product was for tan and black skin, which included the women ...
by EssayRoyal, Dec. 10, 2019, 6 p.m.
As a small business owner facing saturated domestic markets, how would you approach foreign markets? Develop a strategic plan outlining how you would research markets, get your product to potential customers, handle the financing side of the business, and grow your sales. Include information on what resources are available to help with this process.
As a small business owner facing saturated domestic markets, I would approach foreign markets only after I have concluded my research in the market of interest. Likely, it would be in a foreign market that is politically stable, has a free market system, and that has not experienced a surge in inflation or private sector debt. Most importantly, I would also research the market that I would see the most opportunity for current potential and for future growth and would analyze when would be the most opportune time to enter ...
by EssayRoyal, Dec. 10, 2019, 5:58 p.m.
Why do you think IKEA’s expansion into Europe went so well? Why did the company subsequently stumble in North America? What lessons did IKEA learn from this experience? How is the company now applying these lessons?
The IKEA Europe expansion went so well as we know that is where the company was founded. In 1943 entrepreneur Ingvar Kamprad took his ideas he learned from his homeland of Sweden to produce a store that churned out pens, wallets, and watches. According to Business Today, "In Europe and in the US, where most customers use personal vehicles, IKEA stores are usually located in the suburbs" (Chu, 2013). The commonality of their customers and how they use transportation is one reason why the expansion went fairly smooth. Americans demanding ...
by EssayRoyal, Dec. 10, 2019, 5:51 p.m.
Explain how Volkswagen’s failure to fully protect itself against foreign exchange fluctuations had a negative effect on the company. What can Volkswagen and other companies learn from this experience?
Global companies must interact with the foreign exchange market, which is the market for converting currencies from one country to another. Due to the fluctuation, there are different things companies can do to be able to insure or also known as a hedge against the risk of these fluctuations. One of those ways to reduce risk is to forward and the exchange rate which means to govern foreign exchange rates for future transactions. This insurance is for the possibility that when there is fluctuation in the future market when a ...
by EssayRoyal, Dec. 10, 2019, 5:46 p.m.
Discuss China’s efforts to encourage investment in its underdeveloped areas. What effect will investment have on these areas? How can firms prepare for the unique challenges of operating in these areas?
First, let us start with understanding the foreign direct investment, FDI. This occurs when firms or companies around the world decide to invest in a program or marketing for different products in another foreign country (Hill, & Hult, 2016). China has been moving past other countries and has worked its way to be a leader in FDI. By focusing on the underdeveloped areas, China can increase business in these areas and bring better economic growth to those areas. Dumont (2018) explained that in order to attract more investors, China has ...
by EssayRoyal, Dec. 10, 2019, 5:36 p.m.
An obvious and controversial extension of new trade theory is the implication that governments should consider strategic trade policies. Strategic trade policies would suggest that governments should nurture and protect firms and industries where first mover advantages and economies of scale are likely to be important, as doing so can increase the chance that a firm will build economies of scale and eventually end up a winner in the global competitive race.
The strategic trade policies are deliberate moves by a country in an attempt to protect local firms and companies by shifting profits from foreign to domestic firms. The government can, therefore, use trade policy tools in raising its economic welfare at the expense of other countries. These strategic policies can include export subsidies, import tariffs and quotas, and direct financing to firms that are faced by stiff global competition.
It is interesting to note that in the absence of government intervention, firms that entered a particular industry first is likely ...
by EssayRoyal, Dec. 10, 2019, 5:33 p.m.
Reflect on the changes in China. Can the country continue to be a manufacturing floor for the rest of the world as more Chinese move up in their income categories? What are the implications of the country’s incredible growth?
China has continued to move upward and has become the largest manufacturer producer in the world. The country has also moved upward in becoming one of the largest trading nations in the world. Yes, China will continue to be the manufacturing floor for the rest of the world. The country has been able to make positive changes because they’re adapting to changes that are happening around them and ultimately in the world. Changes are inevitable and must happen to grow and continued success. China has been labeled as a communist ...
by EssayRoyal, Dec. 10, 2019, 5:30 p.m.
Think about the forces that have resulted in increased global integration and the growing importance of global management: The Changing World Output and World Trade Picture Country Focus: India’s Software Sector The Changing Foreign Direct Investment Picture The Changing Nature of the Multinational Enterprise Management Focus: China’s Hisense – An Emerging Multinational The Changing World Order The Global Economy of the Twenty-First Century Identify your top two forces that have resulted in increased global management. Describe why you chose these specific two factors and support your position. Provide an example within your company or an industry of interest where these factors have resulted in strategic decisions and tactical plans for global integration and global management.
In the modern world, there has been an increased need for global management and integration due to technological and economic changes worldwide. Liang (2017) defines global integration as the process where corporations use particular strategies to operate similar to other corporations worldwide such as product standardization. Companies need to control and direct international operations to have a competitive advantage. There are various forces that have led to increased global integration as well as the need for global management. This paper examines two forces; the changing foreign direct investment picture and ...
by EssayRoyal, Dec. 10, 2019, 5:28 p.m.
Define working capital management. Discuss the effects of globalization and technology on working capital management.
Working capital management refers to the strategies used by companies to evaluate the financial strength and efficiency of a company (Mathuva, 2015). Ideally, working capital management is concerned with managing the connection between the short term liabilities and the short term assets of the company. This is done to ensure the operations of the company continue swiftly and the debt obligations are met on time. Hence, working capital management will always ensure any funds invested by the company as current capital revolve continuously and are easily converted to cash. In ...
by EssayRoyal, Dec. 10, 2019, 5:26 p.m.
Distinguish between dividends and share repurchases. Does the use of dividends and share repurchases vary across countries? Identify three industries with high dividend payouts.
Dividends refer to the payments made to shareholders by companies from earned profits after a particular financial period (Sharif et al., 2015). Usually, when the corporation earns profits, the profits are reinvested in the business and the remaining surplus profit is shared with the stakeholders in the form of dividends. Share purchase, on the other hand, is the investment units that are bought from companies for the ownership of the corporation. When one purchases a share from a company, he or she becomes a shareholder or stakeholder of the company. ...
by EssayRoyal, Dec. 10, 2019, 5:17 p.m.
Define the efficient market hypothesis (EMH). Discuss the real world evidence for the EMH, including differences across countries. Identify investment behaviors and trading biases that suggest investors ignore the evidence supporting the EMH.
The efficient market hypothesis is a financial, economic theory that states that the available information is reflected in the prices of the assets present. The market prices change with time; therefore, it is hard to reign in the market; this is because new information emerges frequently. The theory was illustrated by Bergen (2004), he stated that the full stock trades at fair prices and values were, therefore, enabling investors not to purchase undervalued commodities and also sell them at inflated prices. The hypothesis further indicates that it is impossible to ...
by EssayRoyal, Dec. 10, 2019, 5:13 p.m.
Discuss the relationship between risk and return. What is the historical evidence across asset classes for the relationship between risk and return? How have historical returns differed across countries?
Risks and returns of investment are linked. Typically, the higher the potential return on investment, the higher the potential risk. Thus, a trade-off between risks and returns is essential in making investment decisions at an individual and institutional level. Ilmanen (2012) noted that investors who put their money on high return investments become aware that they can get an equivalent risk because there is no guarantee that accepting a higher risk yield more returns. Therefore, investors may decide investment diversification in order to reduce portfolio risk without sacrificing potential returns. ...
by EssayRoyal, Dec. 10, 2019, 5:07 p.m.
Discuss the WACC. How do investors in debt and equity determine the component return inputs used in the WACC? How is the WACC used in applying the NPV?
The cost of capital denotes the essential rate of return that firms should meet to offset the cost of raising funds in the marketplace. Funds are supplied by investors to a firm only if the firm compensates them for undertaking the risk; the required rate of return. Frank (2016) asserts that the required rate of capital is affected by the following factors; the insecurity of earnings, debt to equity ratio of the companies, the financial security of the firm and market interest rates. Consequently, a firm's WACC is the combined ...
by EssayRoyal, Dec. 10, 2019, 5:06 p.m.
The London Interbank Offered Rate or (LIBOR) has been a rate that has been quoted and used for interest rates for decades. Over the past few years this rate has come under some scrutiny. Look up news related items on the LIBOR scandal. Why was LIBOR an important rate? What was it used for in the past ? Where is it now?
The LIBOR or London Interbank Offered Rate denotes a computed average interest rate at which banks borrow from others within the global financial market. This rate dates back to 1986 by the British Bankers Association. Initially, the LIBOR was used as the default standard interest rate for transactions that involve currency and interest rates for financial firms locally and globally. Continued usage has triggered its change of name to ICE LIBOR. Also, it is now based on five currencies: US dollar, Japanese yen, British Pound, and the Swiss franc, in ...
by EssayRoyal, Dec. 10, 2019, 5:01 p.m.
Distinguish between nominal and real interest rates. Why are nominal interest rates often higher in third world countries? Also, define the effective interest rate. Provide three examples.
An interest rate is an amount charged by a lender to a borrower for the use of assets like vehicles, cash, and consumer goods. Typically, the interest rate is expressed as a percentage of the principal and is noted on an annual percentage rate (APR). The formulas for calculating interest rates are simple and compounding methods whose use depends on a variety of factors like who is lending. The available types of interest rates are several, and major economic factors distinguish all. This paper distinguishes the nominal and real types ...
by EssayRoyal, Dec. 8, 2019, 8:07 p.m.
Discuss the agency problem within the firm. Be sure to identify at least three examples of how managers act in their own best interest and not in the stockholders’ best interest. Also, provide at least two solutions to the problem.
An agency relationship occurs when a principal hires another person known as an agent to act on their behalf. However, circumstances arise when the agents do not act for the best interest of the principal leading to an agency problem. A popularly known agency problem is the Enron Company scandal that arose from the top executives selling the stocks at a higher amount than the actual value due to the manipulation of accounting reports (Dibra, 2016). Enron’s agency problem led to the loss of huge stockholders funds.
The company managers ...
by EssayRoyal, Dec. 8, 2019, 8:01 p.m.
Reflection Paper for Capstone Course Leadership Learned, Practiced, and Forward: • Leadership Learned: What literature and courses impacted your management and leadership growth and development? What value did you derive from working in teams? • Leadership Practiced: Share the peak events within your MBA program where the theoretical and the practical intersected. Provide examples. How did group work impact your ability to connect business theories to practices? Leadership Forward: You will not stop learning once your graduate. What is your strategy for continued leadership and management development? How did group and teamwork assist your leadership development
In my entire MBA academic journey, I learned many aspects as far as my career is concerned. I was also privileged to learn different course which was differently taught by different professors. One of the courses that were interesting to me was Leadership and Leadership management. From the first day of studying this unit, I really enjoyed and liked the concept that we were taught since they were practically helping me in my work life. Through the guidance of the taught literature, I’m able to know the various type of ...
by EssayRoyal, Dec. 8, 2019, 7:46 p.m.
Read the Nokia case study. Integrating leadership theories support your discussion and focus on how the strategies of communication, decision-making, and leadership were employed by Nokia leadership to get the message out about Nokia’s values? What did Nokia’s café process convey about its senior leaders understanding of the communication process and the importance of hearing what people say? As a consultant, what suggestions do you have for Nokia leadership to improve communication?
Nokia Company has integrated several theories in strategic communication such as the priming theory, face negotiation, cultural studies, and agenda-setting theory. The priming theory illustrates the ability of a company to control the interpretation of the information released through feeding the customers with prior information; this has helped Nokia Company to control the interpretation of various messages. Face negotiation entails gathering information directly from the customers using interviews to help in generating necessary improvements. Cultural theory helps in understanding different cultures across the market hence facilitating the better gathering ...
by EssayRoyal, Dec. 8, 2019, 7:41 p.m.
What are the fundamental purposes of business and the responsibilities of strategic leaders? Milton Friedman, a noted free-market economist, suggested in 1970 that the sole purpose of business is to generate profit for shareholders. A fundamental basis for successful strategy, whether at the economy level or the company level, is understanding the purpose of an organization. Confusion over the means and ends relationships within a strategic thinking context can lead to devastation at all levels of the organization. In this discussion you are asked to reflect upon various points of view that relate to the purpose of business and the role of the strategic leader, and to defend your point of view with readings from the MBA program literature and course concepts.
Leadership in the business context is a challenging position, particularly when the business is a large organization. Controlling every activity happening in such industries requires vast knowledge and skills in leadership. One of the challenges leaders face is the availability of non-committed employees; this challenge leads to a slow realization of the goals. According to Amabile and Khaire (2008) leaders should be equipped with creativity, innovation, problem-solving techniques, good morals and ability to identify various needs in the business setup.
In the business context, leadership is characterized by intensive decision ...
by EssayRoyal, Dec. 8, 2019, 7:31 p.m.
As an organizational development consultant you are asked to recommend what you believe to be the key elements of an effective system of leadership and governance appropriate for an international organization. Your recommendations should address leadership theory, skills, professional and personal development. Discuss what you would include and why calling upon relevant literature from your MBA studies.
International organizations play a crucial role in economic development and sustenance of international trade. The behavior of the employees and stakeholders in the organization determines the impact they have in terms of profitability and continuance (Bolman & Deal, 2017). Excellent leadership and governance is a basic necessity for any business to succeed in the international arena. However, the leadership should be supported by various structures and must be in line with the business objectives. An effective leadership and governance system should incorporate the development of professional skills and personal growth....
by EssayRoyal, Dec. 8, 2019, 7:26 p.m.
Google has decided to return to the China market. Read “Why Google Quit China and Why It’s Heading Back” retrieved from http://www.theatlantic.com/technology/archive/2016/01/why-google- quit-china-and-why-its-heading-back/424482/ • Look at Google’s initial decision to enter the Chinese market. Was it the right decision? Why? • How did Google’s mission compel it to create Google.cn? • What other reasons, i.e. financial, could there have been for entering China and, likewise, for leaving? • With Google’s reentry, how do Google’s actions coincide with their dropping of the motto, “Don’t be Evil”? • Select a company that demonstrates the ability to balance innovation with ethical decision making. In a couple of sentences describe why you selected this company and share the link.
The Chinese economy can be described as one of the biggest economies in the world. It is for this factor that it becomes a conducive environment for any business or company. The move and decision of Google to enter the Chinese market is the right move (Waddell, 2019). Google was right considering that people have the right to information. Conversely, the corporation is already a player in the Chinese economy. Prior to entering China, Google had managed to establish itself as a technology brand becoming trusted by many users across ...
by EssayRoyal, Dec. 8, 2019, 7:08 p.m.
Interestingly, contemporary ideas about human resource management and developing human capital have their roots in early 20th century research findings and theories. Attracting, developing, and retaining talent may well be the most critical function of today's business leadership. Shifts in trends, and other external forces (market demand, legislation, demographic and psychographic changes, globalization, technological leaps), can affect the delicate balance of the organization and the knowledge that the organization’s internal stakeholders require, bringing some factors outside the control of the organization. How far, in your estimation, have we come in the past one hundred years in our ability to create and develop organizations that maximize human and organizational potential, in order to help the organization adapt and innovate? Considerations: Why do people work? Why do you work? How do managers and leaders within organizations restrict or optimize human resource energy as it relates to diversity, inclusion, and equity? How do the organization’s culture, the organization’s mission and strategic vision impact how human capital is valued? Consider other factors that impact many organizations such as globalization of the world’s economy, and the growth of technology.
Over the past one hundred years, numerous development had taken place including leadership, the concept of optimization – workforce and technology. The nature of engaging leadership has been demonstrated in the current course of development and the ability to support a developmental culture. Managers capable of considering the unpredictable cultural, or ethnic backgrounds of their workforce may improve partnership (Cascio, 2015). Understanding the high value of diversity, managers should consider contemplating what discerns employees (Cascio, 2015).
The key to realizing a successful organization requires maintaining a culture based on a ...
by EssayRoyal, Dec. 8, 2019, 7:02 p.m.
Read the Western National Insurance Case • First, identify all stakeholders described (are there any not implicitly identified?) in the case study. • Discuss the actions taken by Henderson to support and engage Western National Insurance stakeholders. • Evaluate these actions using leadership theories to support your assessment. Discuss how successful leaders excel at understanding themselves and others, at motivating stakeholders to excel, and at facilitating them to learn and perform their work more effectively, with the overall effect of enhancing organizational capacity.
The Western National Insurance case study involves a long list of stakeholders. These include the sales team, agents, product development team, senior management, customer care team, policyholders, and the operation team.
Henderson opted to take several key actions. Firstly, he gathered all the information and sought the help of all managers in deciding the best way forward. Secondly, he spoke with the workers as a strategy of boosting their morale whilst lowering employee anxiety. In addition, he trained the agents as a way of motivating them to conduct advertising activities ...
by EssayRoyal, Dec. 8, 2019, 6:57 p.m.
What characteristics make an organization a team-based organization? What leadership styles are used within that organization? How does the team-based setting affect leadership power and influence within the organization? What do leaders do within this organization to successfully foster teamwork? What literature from your MBA program informs your opinions?
Team-based organizations denote the non-traditional and innovative workplaces that rely on the teams to attain their objectives. To become a team-based organization, an establishment must have several key traits. These include mutual trust, shared responsibility for performance, shared accountability towards self-management, shared leadership, as well as employee empowerment in goal-setting, planning, and organization. Managers and supervisors in team-based organizations apply different leadership styles in the dispensation of their interpersonal, commercial, and strategic duties. The most used leadership styles in team-based organizations include visionary, dictatorial, partner, enabler, collaboration, and parental leadership ...
by EssayRoyal, Dec. 8, 2019, 6:50 p.m.
Cost of Equity. A foreign subsidiary does not have an independent cost of capital. However, in order to estimate the discount rate for a comparable host-country firm, the analyst should try to calculate a hypothetical cost of capital. As part of this process, the analyst can estimate the subsidiary’s proxy cost of equity by using the traditional equation: Define each variable in this equation and explain how the variable might be different for a proxy host country form compared to the parent MNE.
Calculating the discount rate of a venture empowers the analysts to make sound decisions. It is an undertaking that ensures that a commercial venture does not make the mistake of ignoring the risks that their operations could face in the future (Kallianiotis, 2013). Moreover, the calculation of the discount rate empowers project teams to assess the viability of a project based on a valid premise. When calculating the discount rate, the analyst assessing the project run by a subsidiary should use the currency used at the local level in the ...
by EssayRoyal, Dec. 8, 2019, 6:45 p.m.
Evolving into Nationalism. As a firm evolves from purely domestic into a true multinational enterprise, it must consider 1) its competitive advantages, 2) its production location, 3) the type of control it wants to have over any foreign operations, and 4) how much monetary capital to invest abroad. Explain how each of these considerations is important to the success of foreign operations.
Competitive advantage is a vital aspect of creating and guaranteeing business profits and sustainability beyond the foreseeable future. Companies create and maintain a competitive advantage over their rivals at the domestic market to earn a large market share and revenue streams. Firms transfer these competitive advantages to foreign environments as a strategy for winning a customer base capable of generating enough revenue. Besides, competitive advantages can help a firm to overcome the market imperfections in the foreign environment by creating favorable conditions for earning a risk-adjusted rate of return that ...
by EssayRoyal, Dec. 8, 2019, 6:40 p.m.
Value-Added Tax. Answer the following questions: a. What is a value-added tax (VAT)? And how many countries have adopted VAT? b. Although the value-added tax has been proposed numerous times, the United States has never adopted one. Why do you think the United States is opposed to the value-added tax when it is so widely used outside the United States?
Approximately 150 nations worldwide use the Value Added Tax to boost their tax revenues (Beram, 2016). Products undergo a manufacturing-distribution-sales process before they reach the consumers. Governments impose a levy on the gross margin specifically at every point in the product development process above, which is commonly known as the VAT. Governments assess and collect the VAT at every point. Every manufacturer adds the VAT to the final price until the end product reaches the consumer. However, the United States does not use the VAT. In recent times, economists have ...
by EssayRoyal, Dec. 8, 2019, 6:35 p.m.
Argentina. In January 2002, the government of Argentina broke away from its currency board system that had tied the peso to the U.S. dollar and devalued the peso from APs 1.0000/$ to APs 1.4000/$. This caused some Argentine firms with dollar-denominated debt to go bankrupt. Should a U.S. or European parent in good financial health “rescue” its Argentine subsidiary that would otherwise go bankrupt because of the inept nature of Argentine political and economic management in the four or five years prior to January 2002? Assume the parent has not entered into a formal agreement to guarantee the debt of its Argentine subsidiary.
A close analysis of the Argentina currency crisis shows that the economy suffered from a combination of external and internal shocks. The economy was unable to adapt to changes happening in the international market. The crisis shows that exchange rate arrangements can never serve as substitutes for effective and logical macroeconomic policy. The devaluation was inevitable as soon as domestic and foreign investors started figuring out that the fiscal policies of the country were ineffective and unsound. Companies operating in the domestic market were inevitably heading towards bankruptcy. Multinational corporations ...
by EssayRoyal, Dec. 8, 2019, 6:17 p.m.
Managing Operating Exposure. The key to managing operating exposure at the strategic level is for management to recognize a disequilibrium in parity conditions when it occurs and to be pre-positioned to react most appropriately. How can this task be accomplished in a multinational company?
Parity refers to the exchange rate between the two nations that make the purchasing power of the currencies equal. Countries set their exchange rates at a certain level to maintain economic changes. Adjustments in parity conditions occur naturally when exchange rates are allowed to fluctuate in the marketplace (Moosa & Bhatti, 2016). Managers are supposed to understand concepts of parity conditions and note when disequilibrium occurs to prepare for the changes.
Interest rate parity is determined by the expected future spot rate and relative interest rates (Jones, 2019). The information ...
by EssayRoyal, Dec. 8, 2019, 6:09 p.m.
Forward Rate as an Unbiased Predictor of the Future Spot Rate. Some forecasters believe that foreign exchange markets for the major floating by “unbiased predictor” in terms of how the forward rate performs in estimating future spot exchange rates. Do you think that the foreign exchange market is an unbiased indicator? Give examples to support you answer.
The foreign exchange market is a market where buying and selling of currencies take place. According to Ferreira, Moore, and Mukherjee (2016), traders forecast the future prices of currencies and make a sell or buy entry in order to make a profit. Typically, a rising currency is bought while a falling one is sold. On the other hand, selling a rising pair of currency or buying a falling pair leads to massive losses. There are numerous tools used to analyze the foreign exchange market and make a relatively accurate prediction ...
by EssayRoyal, Dec. 8, 2019, 5:55 p.m.
Direct versus Portfolio Investments. Clearly identify the differences between a direct foreign investment and portfolio foreign investment? Give an example of each. Which type of investment is a multinational industrial company more likely to make and support your position?
Countries require both external and internal sources of capital for their economic growth. Thus, foreign portfolio investment (FPI) and foreign direct investment (FDI) are methods of investing in an economy. However, the two approaches differ in the following ways. FDI involves establishing a business in a foreign country such as buying a manufacturing company through acquisitions or mergers (Humanicki, Kelm, and Olszewski, 2013). On the other hand, FPI involves investing in financial assets such as bonds and stock. Another difference is that investors of FDI are interested in the management ...
by EssayRoyal, Dec. 7, 2019, 7:38 p.m.
Emerging Markets Corporate Governance Failures. It has been claimed that failures in corporate governance have hampered the growth and profitability of some prominent firms located in emerging markets. Identify the main drivers of this phenomenon and proven examples to support your position.
Emerging markets are significant to the global economy due to the high growth of technology, innovations, and economics. Thus, emerging markets offer attractive opportunities and risks for potential investors. Studies have indicated that corporate governance of an organization has a significant impact on its performance in an emerging market (Boubaker & Nguyen, 2014). This paper aims at identifying the main drivers if corporate failures that hamper the profitability and growth of organizations in emerging markets.
Haque and Arun (2016) noted that the majority of emerging market companies fail due to ...
by EssayRoyal, Dec. 7, 2019, 7:37 p.m.
After World War II, the United States was the world’s dominant economic power. We’re still the largest economy, but the rest of the world has caught up significantly. In some areas, we’ve lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.
The economic rise of the Far East countries in the 21st century in the global economic market has been one of the greatest concerns for many Superpower countries like America. The biggest trending controversy has been whether America will be able to retain its superpower title in the coming decades. The high rate of economic growth in the Far East countries like Japan and China has been so alarming. Apparently, China's economic strategies have tremendously hastened the growth of its economy and influence all over the world. Equally, these countries ...
by EssayRoyal, Dec. 7, 2019, 7:31 p.m.
Why are ROE and EPS such important measures of performance to investors?
Investment companies and business organizations use various tools and methodologies in evaluating their performances and profitability ratio. Return on Equity and the Earning per share are some of the common methods that companies use in determining the profitability ratio and financial position of the company (Anwaar, 2016). Return on equity evaluates the returns or profits that shareholders would get from an investment while EPS evaluates the actual earnings that would be earned from every share of common stock. Many companies use both ROE and EPS in the annual or quarterly ...
by EssayRoyal, Dec. 7, 2019, 7:27 p.m.
Why is it desirable to construct capital budgeting rules so that higher-risk projects become less acceptable than lower-risk projects?
Capital budgeting is the technique used by firms to decide the type of investment to consider. The investments are always long term, and therefore specific rules in budgeting are considered. The rules considered should address the cash flow of the project, and the time value. According to Arthur and Steven (2003), the capital budgeting rules consider the payback period of the investment, profitability index, the net present value and the internal rate of return.
The payback period of an investment illustrates the period at which the investment recovers the initial ...
by EssayRoyal, Dec. 7, 2019, 7:20 p.m.
Think about the cash flows associated with putting in the bank for five years, assuming you draw out the interest each year and then close the account. Now think about a set of hypothetical cash flows associated with putting the same money in a business, operating for five years, and then selling out. Write an explanation of why the IRR on the business project is like the bank’s interest rate. How are the investments different?
The Internal Rate of Return (IRR) is a measurement used in estimating the profit in a certain project or investment. It is the rate at which the discount realizes the net of the present value (NPV) of investment. The internal rate of return is the same as net present value, and therefore the formula to calculate the two is the same. Some business contexts refer to the internal rate of return as an effective interest rate. The IRR is used to make decisions on whether to proceed with the project ...
by EssayRoyal, Dec. 7, 2019, 7:17 p.m.
Preferred stock is said to be a hybrid of common stock and bonds. Explain fully. Describe the cash flows associated with preferred and their valuation.
Preferred stock does not have a maturity date, implying the firm is not responsible for paying dividends. Moreover, the dividends involved as not tax-deductible (Levi & Segal, 2015). However, preferred stocks and bonds are similar to the perspective that their dividends have a fixed amount. Unlike common stocks that are not paid regularly, preferred stocks are paid regularly and are associated with a fixed value. The value of a common stock is dependent on the growth rate of their dividends (Brigham, Ehrhardt, Nason, & Gessaroli, 2016). Preferred stocks are referred ...
by EssayRoyal, Dec. 7, 2019, 7:14 p.m.
Discuss mortgage loans in terms of the time value of money and loan amortization. What important points should every homeowner know about how mortgages work? (Hint: Think about taxes and getting the mortgage paid off.)
Accountants use discounting and compound to calculate the time value of money. Discounting entails computing the present value of money that could be received in the future while compounding entails computing the future value of the investment presently made. Based on the time value of money, Pinkowish (2011) claims that mortgages are annuities because all repayments are designed to secure the principal and interest accrued throughout the preceding month. Hence, the present value of the mortgage entails all payments necessary to settle the full agreement.
Mortgages with longer repayment schedules ...
by EssayRoyal, Dec. 7, 2019, 7:09 p.m.
Why is planning for a new business harder than planning for an established operation? In which do you have to make more assumptions? Why? What implicit assumption provides a shortcut in one situation?
A business plan plays a significant role in the success of business organizations. According to Lasher (2017), a business plan is a written document that details the strategies of business owners on how they aim to run the business. Planning helps organizations to put a keen eye on specific organizational areas to enhance smooth operations. A detailed business plan usually gives guidance to an organization in purpose, vision and values, mission, product or service, strategies used and the target market. Although Planning is necessary to start a new business or ...
by EssayRoyal, Dec. 7, 2019, 7:02 p.m.
Is the corporate tax schedule progressive? Why or why not?
The question of whether the corporate tax schedule is progressive has always been debatable. According to Frecknall-Hughes (2014), a corporate tax is a tax imposed on a company’s net income while a progressive tax is the one in which average tax rates increases with an increase in the taxable income Therefore, progressive tax is based on the ability of the taxpayers to pay whereby the rich pay higher than the poor. Considering that the burden of corporate tax mainly falls on the rich who are the owners, there is an ...
by EssayRoyal, Dec. 7, 2019, 7 p.m.
Are your employees engaged or do you need a high performance work system? Companies with disengaged workforces suffer from problems that do not seem to get better, including excessive employee turnover, lower productivity and profits. When employees are engaged, however, the results can be much different. One Gallup study reported that firms with top engagement scores had 18% higher productivity and 16% profitability. According to a study by the Corporate Executive Board, engaged employees outperform average employees by 20% and are 87% less likely to leave their organizations than highly disengaged employees. Because there simply is not enough margin for error when it comes to performance in today’s highly competitive environment, in a small business, engagement can have an even bigger impact. 1. As a small business owner, how do you know if your employees are engaged or not? 2. How does engagement/disengagement affect achieving the strategic goals of the company? 3. What ethical concerns occur when employees are disengaged? 4. How can you increase the engagement of employees other than by asking them to work harder than they already are? 5. Make recommendations to engage your workforce taking into consideration diversity, age, race and gender. 6. How can you measure the impact on the business?
A small business owner can recognize if the employees are engaged by observing how they talk about their job. According to Kompaso and Sridevi (2010), engaged employees let others know how they value the business either online or offline. Additionally, I would like to know if employees are engaged by looking at their personal and professional development through their willingness to learn new things.
Employee engagement affects the strategic plans of a company through use employees’ motivation and excitement to learn. As a result, there is better performance and subsequent ...
by EssayRoyal, Dec. 7, 2019, 6:55 p.m.
Choose an article relating to a current business ethics issue being faced by a business or industry and attach it in your discussion. 1. Identify and analyze the issue. 2. Describe if management handled the situation appropriately, and if not, what could have been done differently? 3. What policies and best practices apply to the ethics issue? 4. What is the strength of the company’s ethical culture? 5. How effective are the policies that are in place to manage the risk to the company? 6. How would this issue have been addressed if it occurred in a European country?
In 2017, KPMG was forced to clear out the entire management of her South Africa branch because the firm was implicated in corruption scandals associated with the Gupta family (Burton, 2018). South Africa’s investigative bodies reported that the firm had handled several businesses for the controversial family without upholding KPMG’s standards. KPMG served as Gupta’s auditors for 15 years (Sweney, 2017). As such, KPMG was accused of allegedly failing to report the tax evasion, money laundering, and corrupt dealings of the Gupta family (Zalk, 2018).
After the initial allegations, the ...
by EssayRoyal, Dec. 7, 2019, 6:30 p.m.
One thing that stands out about the companies ranked on Fortune’s 100 Best Companies to Work For (http://fortune.com/best-companies/) is their great benefits packages. Detail the benefits package details of best-ranked Google (go to www.google.com and key in “google benefits”). Aside from the usual benefits categories (health and wellness, retirement and savings, time away, etc.), review the “beyond the basics benefits” and “way beyond the basics benefits.” 1. Why are benefits strategically important to employers and what are some key strategy considerations? 2. Work life balance-a benefit that is a priority for every employee. How is this achieved and how can companies support this concept? 3. Discuss how multi-generations in the workplace affect benefit offerings. 4. How will benefits differ in a global company?
Employment benefits are the non-monetary compensations provided to staff in addition to their salaries. The concept of employee benefits has been a significant consideration in ranking companies in the Fortune 100 best companies to work for. For instance, successful companies such as Google, Edward Jones, and Genentech were ranked as the best companies to work for by the Fortune 100 due to their great employee benefits (fortune.com, 2018). This paper focuses on Google, and it examines the company’s employee benefits.
Importance of benefits to employers
Employment benefits act as a ...
by EssayRoyal, Dec. 7, 2019, 6:04 p.m.
Identify a company which has an incentive plan in place. You can use your own company, as well. How does the company culture affect the compensation philosophy? Discuss the strategy behind the compensation model and outline the plan design. Include the reasons to implement an incentive plan and the different types as it relates to individuals, groups and enterprise-wide. Why are these plans important and what makes them successful. Discuss with your peers.
The rapid changes in the global market have resulted in increased competition between organizations. Thus, companies need appropriate managerial strategies that increase market share and profitability of the business. Shields et al. (2015) noted that the performance of a company is greatly influenced by the employees’ behaviors. Implementation of strategies such as an incentive plan is vital in increasing employees’ motivation. An incentive plan refers to an organizational formal scheme used to encourage employees to attain a specific goal (Noviantoro, 2018). This paper intends to examine an incentive plan of ...
by EssayRoyal, Dec. 7, 2019, 5:39 p.m.
Managing the performance of employees is vital-yet delicate-responsibility. Creating a work environment in which people can perform to the best of their abilities to meet the company’s goals is primary. The ultimate success or failure of a performance management system depends on the connection to the company’s business goals, and the attitudes and skills of those responsible for administration. One of the most difficult tasks of a manager is assessing why someone is not performing well. Read the scenario below and consider the following questions: Carl Spackler works in research and development for a chemical company that makes non-nutritive food additives. His most recent assignment has been the development of a non-nutritive aerosol cooking spray. Carl has specific goals tying back to the strategic goals of the company and he has achieved them. Carl’s manager, Ray Moran, continues to put off completing Carl’s performance evaluation for almost 6 months. When it was time to have the in person conversation, Ray tells Carl he is busy and to read it himself. The evaluation is 3 sentences and does not provide any feedback. 1. Describe the potential causes of this scenario. 2. What could the manager have done differently? 3. How does this affect the overall success of the company? 4. Describe the issues with retaining a good employee like Carl? 5. What strategies can HR put in place to avoid these issues in the future?
This paper examines the case of Carl an employee and his manager Ray. The study aims to understand how managers' attitudes influence employees’ performance.
The potential cause of the scenario
The reasons that led to the scenario is because Ray ignores evaluating employees. Miner (2015) notes that managers who create time for employees to understand their needs and inspires them to work harder. Ray does not take his time to listen and communicate with Carl who is an employee. Ray postponed evaluation for six months then he tells Carl that ...
by EssayRoyal, Dec. 7, 2019, 5:36 p.m.
Consider Jim Collins’ bus analogy in Good to Great. In one sense, recruiting is “getting the right people on the bus” and career management is “getting them in the right seats.” Many employers do not follow the textbook’s perfect model of managing their employees’ careers. Being passive about one’s career doesn’t usually produce good results. http://smartblogs.com/leadership/2010/09/27/jim-collins-do-you-have-the-right-people-on-the-bus/ 1. Discuss the elements of a recruitment strategy. 2. How can a company be most successful in attracting talent? 3. How can a company ensure they are putting the right person in the right job? 4. What methods can a company use to meet the career goals of their existing workforce? 5. Discuss the advantages and disadvantages of internal recruiting? 6. Explain why a diverse recruitment strategy is important today.
Employees determine the success of a business. Businesses have acknowledged that having the right skills for specific job descriptions plays a significant role in employee performance. Jim Collis metaphorically compares the recruitment process to a bus. Recruiting is getting the right people on the bus while career management is getting them on the right seats (Collins, 2018). This paper discusses the recruitment process.
A recruitment strategy should determine the reason for hiring new stuff especially externally. For instance, it could be due to increased production or filling a skills gap. ...
by EssayRoyal, Dec. 7, 2019, 5:16 p.m.
Globalization has become pervasive in almost every company. It influences the types of jobs that are available and requires companies to adjust to different geographies, cultures and legal environment. Discuss how a company can address these challenges and the role HR will play in its success to create a dominant workplace. What steps must HR take to ensure the company is going to achieve a competitive advantage through its employees?
In the last two decades, the rate of globalization has been increasing. The business, however, experiences a new set of conditions when penetrating global markets. Cultural differences are one of the factors that affect the operation of international businesses. The business should understand the customs, traditions, taboos, as well as the tastes and preferences in the new market. The consumption, as well as the spending habits, are equally important when formulating strategies to penetrate a new market. Moreover, marketing strategies need to be tailored to meet the specific needs of ...
by EssayRoyal, Dec. 7, 2019, 5:13 p.m.
What is the relationship between national culture and innovation? Do countries have the same opportunities to generate innovations? Answer from one of the following perspectives: A) Consider the story of Robert Noyce and Silicon Valley in the American Experience episode. He is considered the originator of the Silicon Valley ethos and therefore much of the modern American entrepreneurial and innovation culture, and this may not have occurred if not for the “miraculous” happenstance that Noyce had access to transistor technology when he did, and where he was in school. What is the likelihood that this would happen to other countries’ “Robert Noyces”? And would these “Noyces” be able to eventually create his/her own country’s Silicon Valley? For example, would this happen in China, given what Kao posits, and what Abrami and her co-authors argue? How about India? Russia? Malaysia? Discuss using more than just personal opinion. Pick one country and state your position using credible research citations. B) Discuss reverse engineering, as discussed by Winter and Govindarajan, in relation to disruptive innovation theory. Explain, using at least three citations, why western corporations should pursue the strategy of reverse engineering for developing markets to avoid being disrupted.
According to Winter and Govindarajan (2015), reverse engineering occurs when goods and services are produced or manufactured in emerging economies and, then, exported to markets in the advanced economies. The products are manufactured in developing economies such as India and subsequently sold in the developed economies such as Europe and the United States of America. It is important to understand that the products exported to the developed markets are subject to significant tweaks, a strategy designed to add a global look (Eilam, 2008). Companies that operate in the West are ...
by EssayRoyal, Dec. 7, 2019, 5:04 p.m.
Read the following scenario and follow the instructions (choose two of the options that best fit what you think the focal individual, Abrams, should do). Write your rationale for the decisions you’ve made and the consequences for the people involved and the likelihood that they will meet the deadline because of your decisions. Consider the scenario in terms of the Abilene paradox, as well as any decision biases you may have relied upon to make your decisions. Moss is a researcher in the laboratory of Dr. Abrams, a well-known researcher in the field of economics. Moss is trying to develop a model to predict performance of stocks in the technology sector, but she is having difficulty analyzing and selecting trends to include in the model. She enlists the help of Reynolds, another experiences researcher working on a similar topic. With Reynolds’s help, Moss eventually analyzes and identifies some key trends working them into a testable model. She also discusses some of her other research ideas with Reynolds. Two weeks later, Moss comes across a grant proposal developed by Reynolds and Abrams. She sees that it includes ideas very similar to those she discussed with Reynolds. She takes the matter to Abrams, who declines to get involved, saying that the two researchers should work it out on their own. Reynolds admits to Abrams that he used slightly modified versions of Moss’s ideas, an admission that she had purposefully omitted the intellectual contributions of Moss, a form of plagiarism. Abrams is upset with this, but Reynolds is a key person on the proposal team and the grant application deadline is soon. The grant is for a substantial amount and to be eligible for it the proposal must be submitted prior to the deadline, and receiving the grant is considered prestigious in the field. What should Abrams do? Choose two of the following: Fire Reynolds from the lab on the grounds of academic misconduct Leave Reynolds as first author on the proposal since he wrote up the ideas Remove Reynolds from the proposal team, and offer Moss the position if she allows her ideas to be used Ask Moss to join the grant team, placing her as third author on the proposal if she allows her ideas to be used Acknowledge Moss in the grant proposal because the ideas were hers originally Apologize to Moss and indicate that the proposal must go out as is to meet the deadline Remove Moss’s ideas from the proposal and try to rework it before the deadline The scenario has been adapted from the research of Michael Mumford and colleagues. Mumford, M.D., Waples, E.P., Antes, A.L., Brown, R.P., Connelly, S., Murphy, S.T., and Devenport, L.D. (2010). Creativity and ethics: The relationship of creativity and ethical problem-solving. Creativity Research Journal, 22(1): 74-89.
A deeper analysis of the case scenario clearly shows that Abrams has got a huge decision to make to steady the ship. In particular, Abrams must consider options A and C. On the one hand, Abrams should embrace option A. In this case, Abrams ought to fire Reynolds. The Abilene paradox occurs whenever individuals ignore groupthink thereby opting to consciously act against their wishes or knowledge (Smiley, 1982). Reynolds consciously made a decision to commit plagiarism when he took Moss’s ideas and documented them to make the grant proposal. Reynolds ...
by EssayRoyal, Dec. 6, 2019, 8:51 p.m.
Consider and analyze the role of leadership of creative and innovative efforts from your own experience. This can include your own role as leader, or your experience of working as part of a team under the leadership of someone you found particularly (in)effective. Include the week’s assigned material and from previous weeks in your answer. In other words, base your answer in the theories and concepts of the course and do not just relate a personal experience.
Creativity and innovation are important aspects of modern business. Creativity and innovativeness denote the ability to create and invent something appropriate and viable that can be used by entrepreneurs to start new businesses. In addition, creativity and innovativeness empower companies to sustain the best business and reach their goals. In the contemporary business world, leaders have a duty to enhance creativity and innovativeness to give their organizations a competitive advantage over their rivals (Lencioni, 2002). Last summer, I worked as a volunteer for a local NGO that was giving aid ...
by EssayRoyal, Dec. 6, 2019, 8:49 p.m.
Think of an entrepreneurial firm that has been successfully launched in the last 10 years. What opportunity did the founder(s) recognize as valuable? Using the tools in the textbook (business model canvas, customer empathy maps, patterns, etc.), analyze and describe the approach to market, the value proposition, and various revenue streams that are the basis of the firm’s success. Provide citations to back up your explanation (in other words, provide evidence that what you posit is objectively supported).
Snapchat denotes a camera company that has undergone massive growth in recent years (Gallagher, 2018). Snapchat is a company founded by Evan Spiegel, Reggie Brown and Bobby Murphy in the year 2011. Reggie had an idea of how good it would be if a person could send photos to another, which would disappear after a while. In 2011, Snapchat was born after the three came up with an application and named it Pictaboo (Edwards, 2017). The name was changed to Snapchat later on in 2011. By mid-2012, the application had ...
by EssayRoyal, Dec. 6, 2019, 8:47 p.m.
Consider one segment in your work that can be considered your customer. Using the design and prompts on page 131 of the textbook, create a customer empathy map, and summarize it using the appropriate categories.
eLearners denotes a college-based social networking site that provides a platform for university students to connect and interact with one another. The interactions and connections empower students to discover the activities that interest them most on or around their institutions. Every college or university has an eLearners network that is exclusively available to its students. The developers need an empathy map, a tool that highlights the needs and pains of the target customers (Shafer, 2006).
Element 1: See
The customer colleges may see that the information provided on the eLearners ...
by EssayRoyal, Dec. 6, 2019, 8:43 p.m.
Consider your organization or one with which you are recently familiar and analyze it in terms of the theory of the firm in use there. Furthermore, analyze it in terms of its current business model activities and the decision processes that drive it. It is important to use the terminology and concepts of the readings in your answer to help create a common language in the discussion. This can be a complex area of discussion and using the same terms and concepts accurately will enable a healthy, efficient discussion.
Throughout history, commercial entities have pursued two distinctive goals. On one
hand, commercial entities strive to maximize their profits by investing in areas that promise
steady and huge rewards. On the other hand, these entities strive to maximize shareholder
wealth. To achieve these goals, companies must make strategic decisions. The theory of firms
explains the decision-making processes of firms by suggesting that these entities always
prioritize profit-making over other business aspects (Fandel, Backes-Gellner, Schlüter, &
Coca-Cola is a market leader in the global beverage industry. The company sells...
by EssayRoyal, Dec. 6, 2019, 7:05 p.m.
a). Watch the following clip of Tim Robbins in the film The Hudsucker Proxy: “You know, for kids!”: https://www.youtube.com/watch?v=7G5F8ObYgjI b) The film is loosely set in the 1950s. Based on that (that it takes place in the 1950s), and then only using the information that is available in the clip (his idea is basically a two-dimensional circle on a napkin, that it is “you know, for kids!”, and that it is his “ticket upstairs” to promotion) brainstorm a list of 5-10 possible inventions he has in mind. Then choose the one invention from your list that you think is the correct one. Post your list of 5-10 ideas and then the one you chose as the “ticket upstairs”. Have fun with this! Don’t “cheat” and look up the answer. Challenge yourself to see if you can come up with the answer. I’ll post a follow-up clip on Friday that will reveal the answer – his idea – and also show the stereotypical reactions new ideas receive in the corporate world.
The Hudsucker Proxy is a New York film that entailed the success journey of a young boy known as Norville Barness. After the death of the company’s boss died, the greedy management who were left wanted to buy 86% of shares that he had recommended for sale to the public by recruiting the uneducated person, Norville Barness (Ebert, 1994). However, instead of the company’s share price falling, it raised due to the inventions created by the new boss. This paper discusses the possible inventions Norville had in mind when shows ...
by EssayRoyal, Dec. 6, 2019, 7:01 p.m.
A key skill to develop for creative and innovative thinking is the ability to effectively integrate different, even opposing, point-of-view into a unified, coherent understanding. Compare and contrast the overall messages of the different authors, and reconcile them into your own initial perspective, and then integrate the different “main ideas” of the individual readings into a single narrative that helps you describe innovative and entrepreneurial thinking in business today and in the future. You may decide to focus your discussion on a few or all of the readings, but you should at least briefly touch on all of them.
The modern corporate world is full of dynamism. Companies are facing intense competition from local and foreign rivals due to technological advancements and globalization. Nonetheless, the key challenge in the modern business world entails changing market conditions. As a result, entrepreneurship requires individuals with passion, commitment, determination, as well as the ability to innovate. Some companies are quick to realize the fact above and, subsequently, adapt to the changing landscape to guarantee their future. These are companies that quickly integrate creative and innovative thinking into their decision-making processes. However, there ...
by EssayRoyal, Dec. 6, 2019, 6:49 p.m.
Regression and Correlation are the most used and most abused tools in research. People are quick to jump to conclusions that if a relationship exists between two variables, then one must cause the other. There are many reasons why two variables can be related without causality. For example, there is a strong inverse relationship between the sale of ice cream and the number of reported cases of the flu -- does ice cream cure the flu? Of course not, but more ice cream is consumed in the summer, when the flu is minimized, thus there is a seasonal relationship, not a causal one. There is also a relationship between the seat belt lights turning on in an airplane and the existence of turbulence in flight, but the lights do not cause the turbulence. Give a plausible explanation for the following correlations: • There is a strong relationship between the amount of money people spend and the amount people save (in other words, people who spend more tend to save more). Does this mean that you can improve your life savings by spending more money? Explain how this correlation is true. • There is a strong relationship between the number of cops on our streets and the number of reported crimes. Does this mean that cops commit crimes or that criminals are more bold when cops are on the streets? Explain how this correlation is true.
In as much as there could be an inverse correlation in the fact that the people who spend more save more, the people who are thought to spend more have actually had a net worth that allows them to spend more. Therefore, their savings and investments turn out to be more than what they are spending, this is because they spent their early financial years in savings. An expenditure fund or emergency fund gives you a buffer to take care of unexpected expenses, so you won’t spend more than what ...
by EssayRoyal, Dec. 6, 2019, 6:45 p.m.
Infomercials often peddle products under the guise of "studies show...". While some of the products are surprisingly good (e.g., FoodSaver, Foreman Grill, Ronco Rotisserie), many of the products are not. Why should you be initially suspicious of any products advertised on these shows, despite the "existence" of data? What factors would help to convince you that the claims might be true?
Consumers should initially be suspicious about some products being advertised in infomercials at first to allow them a chance to search for the actual details of such products. There is a need for consumers to be assured of the quality and safety associated with a given product being advertised before buying and using it. It happens that most of the products that are advertised in infomercials are new in the market hence the consumers might lack prior experience with such products; hence the need to be suspicious at first.
by EssayRoyal, Dec. 6, 2019, 6:37 p.m.
Many alleged studies are misleading in that the conclusions are often based on undisclosed premises. Parenting books state that an advantage to breastfeeding is that it makes women healthier; what is not stated is that women who breastfeed tend to follow stricter diets, and it is the diets that actually makes them healthier. If you looked at the statistics for the number of tires replaced in a given year, would you be surprised to find out that Toyota Camry tops the list for wearing out tires? It shouldn't since it is the most popular car in America. And in 2000, Sen. Daschle (D-South Dakota) pushed his gun control agenda against Pres. Bush when he stated "Do you realize that the majority of vendors at gun shows don't do background checks on their customers;" while true, what he failed to mention is that the majority of vendors at gun shows don't sell guns (they sell food, t-shirts, souvenirs, etc.), but not guns. Nonetheless, this quasi-truth aroused the voters. Name another conclusion that, while true, is based on misconception. There are multitudes of them in regards to health and politics, so keep your eyes open. If you cannot find one, then make one up (use your creativity and silliness if you wish).
A significant number of studies have conclusions that are baseless in that they cannot be verified and contain a lot of bias. Such conclusions do not take into account all aspects that surround a given claim; hence they might be misleading in the long run. Members of the society have been made to understand that a sick person will always get healed once they go for medical check-ups in hospitals and adhere to the prescribed medications. It is a fact that doctors are qualified medical professionals intended to help improve ...
by EssayRoyal, Dec. 6, 2019, 6:23 p.m.
If a random sample of 10 people found that 9 were pro-life (i.e., 90%), while another random sample of 1000 people from the same population found that 550 were pro-life (i.e., 55%), which would you find to be more significant? Why?
Between a sample size of 10 people with 9 with pro-life (i.e 90%) and another random sample of 1000 people from the same population but with 50 people with pro-life (i.e., 55%), the later is more significant (Jin, 2016). This is because; the difference between a sample statistic and a hypothetical value is statistically significant if a hypothesis test indicates that it is very unlikely that it occurred by chance. To assess statistical significance, examine the p-value of the test. If the p-value is less than a specified significance level ...
by EssayRoyal, Dec. 6, 2019, 6:08 p.m.
Why is it important that a sample be random and representative when conducting hypothesis testing?
To conceptualize the sampling, one can start from the definition that it is the operation of collecting a representative sample for the analysis. It can also be defined as a process in which the collection will be of a representative portion of a heterogeneous batch, that is, that represents the totality of the material of interest for the analysis to be performed.
Sampling may also be characterized as an art, as it often requires the sampler to have creative skills in certain situations to obtain representative sampling. It is a ...
by EssayRoyal, Dec. 6, 2019, 5:48 p.m.
An auto manufacturer advertises that “90% of the cars we’ve ever made are still on the road.” Assuming this is literally true, how can it be explained? What facts / statistics would you need to know to expose this misleading claim?
Statistical data can be used to evaluate a business's services, products, and the end outcome. Often, I believe some business utility false statistical information to sell their products and services to the market. I would highly question this company's statistical research and reporting methods to evaluate the authenticity of their results. Questions that I would ask and believe should be considered includes:
How did they conclude 90% of car durability?
How long have they been opened?
How many cars have they sold since they opened?
Did the survey every customer ...
by EssayRoyal, Dec. 6, 2019, 5:45 p.m.
"The larger the sample, the more reliable the results." Do you agree or disagree with this statement? Explain.
Larger samples can provide for a greater chance of finding a significant difference. The larger sample size will maximize the chance of being able to uncover a specific mean difference. Since a larger sample offers the opportunity to reflect a population, for example, this can increase the chance of significance. “The size of our sample dictates the amount of information we have and therefore, in part, determines our precision or level of confidence that we have in our sample estimates. An estimate always has an associated level of uncertainty, which ...
by EssayRoyal, Dec. 6, 2019, 5:42 p.m.
TRUSTING STATISTICS: Do you always trust the statistics you see in print? How about the ones you hear on the news or on your favorite talk show? What makes the statistics credible? For this question, I want you to tell me what personal criteria you would (or should) use to determine if you should believe reported statistics. Be specific, giving examples as needed.
Fake statistics are always in circulation. The statistics range from newspapers articles, television shows, and company surveys. Although some statistics are true, it is critical to set statistics standards as well as approach them with skepticism to avoid false information. This paper answers the question of which criteria to use to determine whether to believe statistics by giving examples.
The first criteria to use to determine whether to believe statistics is by ensuring that the statistical survey was not paid by party promoting the survey. For instance, if an auto ...
by EssayRoyal, Nov. 13, 2019, 5:55 p.m.
CHOOSING THE BEST MEASURE: Suppose you applied to be a waiter or waitress at a local restaurant and asked the manager what a typical dinner shift was like. How might the manager describe the typical size of a party at a table? The mode would be useful, since there are a few repeated values. You might have an occasional table for 20, but, for the most part, parties consist of one to five people. What if you asked for the typical size of a check, so you could estimate your tips? The mode makes no sense, since you would not likely have many repeats, and the mean is easily distorted by that table for 20, but the median tells you that half the time you can expect to earn a certain amount of money in tips. Now suppose you were a real estate agent and you were asked by a client about the "typical" home in a subdivision. Being the astute agent you are, you have gathered the following information on each house in the subdivision: Price, square footage, number of bedrooms, number of bathrooms, and age. What statistic (mean, median, or mode) would you use to describe each aspect of the typical home and why? Try to imagine the type of answers you would be giving your client based on your selections for a subdivision that has 100 homes with a wide variety of sizes and prices.
Statistics is majorly used in the distinction and description of specific items and people. According to Bian (2012), statistics is a mathematical branch that deals with data collection, analysis, organization, interpretation, and presentation. Thus, the subject is popularly used in the hospitality and real estate industries to answer and explain questions to the customers. This paper answers the question of what statistic averages I would use to describe the aspects of a typical home in the real estate industry and why.
As a real estate agent, I would use mean ...
by EssayRoyal, Nov. 12, 2019, 4:37 p.m.
Discuss the five key forces to consider when analyzing an industry. How do these forces impact the balanced scorecard?
Analysis of an industry or market oftenly entails an exploration of the weaknesses, profitability the attractiveness and the intensity of competition in the industry. The Porter's Five Forces Model is oftenly used for the analysis of the above-mentioned factors. The Balanced Scorecard, on the other hand, takes into consideration the learning measures, the customer and learning measures in addition to the financial measures. The balanced scorecard is a performance measurement tool used to pinpoint and improve the various aspects of internal business functions. This paper focuses on Porter's five key ...
by EssayRoyal, Nov. 10, 2019, 1:09 p.m.
“Strategy, plans, and budgets are unrelated to one another.” Do you agree? Explain. Explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.
Business plans, strategies, and budgets are essential elements of organizational success. The three elements are used concurrently and effectively to serve the purpose of the organization. Therefore, the statement that strategies, plans, and budgets are unrelated is disagreeable. This paper intends to explain the reason for disagreeing with the statement. The paper further explains how the manager’s choice of the type of responsibility center affects the behavior of employees.
Lee (2016) noted that a strategy is a plan of action taken by the managers of a company in order to ...
by EssayRoyal, Nov. 9, 2019, 12:02 p.m.
“Companies should focus on financial measures of quality because these are the only measures of quality that can be linked to bottom-line performance.” Do you agree? Explain. How are financial measures and quality related? What other factors should be considered?
Performance measurement is a crucial aspect of any company. For a very long time, companies have used financial measures such as profits and liquidation to assess their success. However, the tradition cost accounting measures provide limited information that can support company quality. Successful measurement of performance in an organization should therefore entail steady measurement of improvements by the customers as well as the results delivered to the shareholders and the stakeholders (Darwish & Potocnik, 2016). In addition to measuring, other measures of performance include defining and understanding the metrics, the ...
by EssayRoyal, Nov. 8, 2019, 11:51 a.m.
“A customer-profitability profile highlights those customers a company should drop to improve profitability.” Do you agree? Explain. Are all customers important? What other options does the organization have instead of “dropping” the customer?
Organizations rank their customers based on their revenue contribution, the frequency of purchases and other factors like creditworthiness. According to Cokins (2015), a customer-profitability profile is a rank used as a management tool to improve customer satisfaction as the operating income. Therefore, it is disagreeable that customer-profitability profile highlights those customers a company should drop to improve profitability. On the contrary, the profile enables the companies to monitor the frequent and loyal customers to make them happy in various ways. For instance, some companies have free usage of luxury hotel ...
by EssayRoyal, Nov. 7, 2019, 3:15 p.m.
The controller of a retail company has just had a $50,000 request to implement an ABC system quickly turned down. A senior VP, in rejecting the request, noted, “Given a choice, I will always prefer a $50,000 investment in improving things a customer sees or experiences, such as our shelves or store layout. How does a customer benefit by our spending $50,000 on a supposedly better accounting system?”. How would you respond to the VP? What value does ABC provide to customers, if any? What are “selling” point that should be noted about the benefits of ABC?
Cost allocation is an important function in any firm. It determines the amount the firm is going to spend in order to deliver the products to the customer. Resources are always scarce. In the case study, the VP suggests that the $50,000 could be used to improve customer experience, the benefits may be instant. However, in the long term, some costs activities may not be clearly identified hence the loss of resources. The use of Activity Based Costing (ABC) system is inevitable as it provides accuracy and efficiency in the ...
by EssayRoyal, Nov. 6, 2019, 1:36 p.m.
Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank might use process costing to determine the cost of checking account deposits? How are these approaches similar? What importance to these results make to managers?
Job costing refers to an accounting system used to assign the costs of manufacturing to a single commodity or batches of commodities. This system is used only when the commodities produced are suitably different from one another. Due to the substantial variance in produced items, job costing method will generate each item with its own job cost record. This record will contain the direct labor and direct materials essentially utilized in addition to the manufacturing overhead allocated to an individual job. On the other hand, process costing is utilized when ...
by EssayRoyal, Oct. 11, 2019, 6:38 p.m.
As a new controller, reply to this comment by a manager. “As I see it, our accountants may be needed to keep records for shareholders and Uncle Sam, but I don’t want them sticking their noses in my day-to-day operations. I do the best I know how. No bean counter knows enough about my responsibilities to be of any use to me.” Why are accountants valuable to the organization? What responsibilities do managers have in understanding financial information?
Given the knowledge and experience possessed by plant managers, managers may underestimate the importance of accountants in business. However, this does not give managers the ability to despite and undermine the role that accountants play in improving and facilitating business operations. Accountants play a significant role that are reflected in the overall performance of a firm. This paper aims to explain the value of accountants to a firm apart from the usual “bean counting” roles assumed by the general public. The paper will also discuss the manager’s ...