Driving change Assignment Example | Topics and Well Written Essays - 250 words

Driving change - Assignment Example Merchandise factors entails stocking the merchandise that appeals to retail shoppers and locating it in strategic areas for customer access. Effective merchandising has the potential of matching demand and supply, thus reducing unnecessary inventory, while ensuring that customers get the products they want when they need them (Krafft & Mantrala, 2010). Pricing is an important driver for change because it determines the revenue of a retail store, while influencing customers’ perceptions of quality. Wal-Mart has been on the forefront in implementing low-cost leadership strategy in its management and operations, with the goal of managing price for competitive advantage (Krafft & Mantrala, 2010). Supply chain management is another key driver for change in the retail industry because it has the potential of increasing customer value. Management of the supply chain system reduces inventory costs, while generating value for the retail customers, thus improving competitiveness of a st ore. Wal-Mart has been on the forefront in streamlining its supply chain thus enabling it to respond to customer demands in a timely manner. Finally, technology is another driver for change, where Wal-Mart has been on the forefront in implementing technologies such as radio frequency identification and CRM. The impact of these factors includes increased competition, shrinking market share and profit margins, and increased consolidation of retail stores (Krafft & Mantrala, 2010). To address these challenges, Wal-Mart has been selective in its growth strategies. However, there need for Wal-Mart to focus on retail innovation, creating centers for excellence and customer value and implementing cost control and management strategies. Wal-Mart may also focus on emerging markets such as China and India where consumers are prices

International Business Law Case Study Example | Topics and Well Written Essays - 2750 words

International Business Law - Case Study Example A very common problem used to be that the buyer of goods is not the shipper of the goods and is therefore not privy to the contract with the carrier. (Sellman 2003, page 87). This becomes relevant when the goods or cargo are damaged or lost by the carrier. Even though there may be a bill of lading, such document transfers only ownership of the goods; it does not transfer the contract nor does it allow the buyer to step into the shoes of the seller. It is a fundamental precept of law that only the parties to a contract can file an action for breach of that contract. Hence, the buyer cannot sue the carrier to recompense his loss nor can the carrier in any way be made liable to the buyer for damages arising from the contract. Privity of contract essentially means that a contract cannot confer rights or impose obligations to anyone except the parties under it. In the case of Grant v. ... (Leng 1992, page 133). These serious problems were solved by the passage of the Bill of Lading Act of 1855, which specifically allowed the transfer of the rights of suit to the consignee. But while the passage of the Act at least eliminated some of the problems of the previous legal regime particularly with regard to the impunity of the carrier of the goods, it was still deficient in many respects. A significant problem was with respect to undivided bulk cargoes, wherein the bill of lading endorsement still does not have the effect of transferring rights to sue. It still passes only during physical delivery. Moreover, the Bill of Lading Act does not apply to waybills. Waybills are used in situations wherein the goods are not the subject of a sale contract and the shipper retains the right to nominate the identity of the receiver. Hence, the consignee of waybills does not have a cause of action against the carrier, and may not proceed against him in cases of breach. Lastly, the Act does not apply, evidently enough, where the document is not a bill of lading, nor does it cover a situation wherein the property passed before endorsement. All these concerns were solved by the passage of the Carriage of Goods by Sea Act of 1992, or the COGSA. As stated by Robert Bradgate and Fidelma White (Bradgate & White 1993, p. 188) "the primary motive for reform was the recognition that, as recent cases showed, English law no longer dealt adequately with the problems created by modern trade and carriage practices, especially where goods were lost or damaged in transit and that those problems were better dealt with by other jurisdictions, including those of the United States and some other European

Being a Leader Essay Example | Topics and Well Written Essays - 2000 words

Being a Leader - Essay Example Crumb defines effective leadership to refer to the type of leadership which caters for the needs of each and every individual worker or employee serving the organization in all capacities from the lowest rank to the highest rank (Crumb, 2005). This type of leadership he says is that which listens to the voice of every member of the organization and ensures that all their grievances are taken into consideration and addressed effectively to their satisfaction. The effective leader himself must be he who is able to listen keenly to the points raised by various members of the organization in order to ensure that their objectives are achieved in accordance with the goals of the organization. Like any other organizations around the world, the leadership of the Mobitech Company is aiming at achieving the best she can in satisfying the needs of her prospective customers in the ever changing world with regard to the technological demands of the world. The Mobitech Company is among the many co mpanies around the world which deals with the provision of mobile phone services to her wide range of customers around the globe. I am the chief executive officer of the company and aims at driving the company far to help in achieving her numerous goals and objectives. This paper will look at the various ways through which the company management tries to achieve her objectives in an era of massive technological demands. Creating the Environment As we all know, the whole world is currently geared towards the use of technology in a myriad of areas of application. Technology as we have realized helps in numerous ways with regard to offering the solution for a wide range of issues. Technological applications have improved the lives of many people around the globe and eased the way certain activities are done and carried out (Dar, 2010). In the present times, technology has come into play in almost every sector of the economy and thus is one of the many products that are in very high dem and among all people around the globe. Almost everyone in the world today owns or finds it necessary to possess a phone or just communicate to the other person through the phone. The use of mobile phones in communication has enabled many people to be able to communicate with various persons across the world irrespective of their present location on the earth’s surface. People can communicate with each other across the divide by simply pressing the phone buttons to connect to their fellows in different parts of the world. Indeed, this mode of communication has been made realistic in such a way that people may seem to be far away from each other as regards the distance between them yet to close with regard to the ease with which they can reach and communicate with each other. Besides, information is what makes a society moving and registering success in her numerous areas of work. The exchange of information and ideas between various groups of people is the sole determining fac tor for the economic development of a society, state or country and is therefore a necessity in everyday life. We are very aware of this as Mobitech Company and aims at bridging the gap between different people located anywhere on the earth’s surface so that the exchange of information between them is made more effective and efficient to ensure that their goals and objectives are achieved. Having fully and clearly

Consumption and Saving Propensity Levels of Different Groups Essay

Consumption and Saving Propensity Levels of Different Groups - Essay Example This paper explicates on the theme of the saving and consumption inclinations of people with the goal of arriving at the rationale propagating two different theories, that explain such people behavior. With the aim of maximizing profits, it is imperative for businesses to understand the dynamics characterizing consumer trends. This has the effect of better positioning the respective products and services in the competitive market. The consumer decision making process entails understanding the factors affecting their purchasing decisions and the process as a whole. A prime factor affecting the spending power of consumers is the rate and extent of saving. This fashions a principal interest for economists as the dynamics associated with savings and consumption has a correlation with overall performance of the economy; both at a national and global level. Thus, the saving and consumption inclinations of people all through the course of their lifetime form an area of fundamental study. An economy will, presumably, undergo steady growth once the people decide to spend there cash; this ascertains the circulation of currency. This aids in ensuring the vigor of the economy is maintained. This is one of the rationales backing the measures instituted to instigate expenditure by citizens of a particular nation. However, in order to proficiently perform this feat, it is obligatory to understand the logic of the factor impede consumer spending. It is within this context that numerous theories were proposed to explain this fact. ... The two age groups have a large propensity to consume in relation to other age groups. The rationale in use is that the young population is borrowing against future income while the old population is using their savings. On the other hand, the middle aged population is epitomized by a greater propensity to save and consequently a lower consumption propensity. This might crop from the fact that, they are distinguished by relative higher income levels. A vast number of theories source their existence from a conceptual setup. They are formed to demonstrate the manner in which, variables of interest should behave in the real world. At times, however, facts in the real world may vary from results sourced from the conceptual framework. According to Sheldon Dazinger et al. (1982), the lifecycle hypothesis epitomizes such theories and hypothesis. Initially, the article cites the points with which it conforms. The authors concur that consumers do not hinge their consumption and savings decisi on solely on the basis of the income levels. There are some additional factors that presume a significant role in this decision making process. These additional factors are best exemplified by future expected circumstances and past experiences, which fashion the core feature in the decision. Past experiences are lessons that consumers take heed of, while future expectations are on the basis of their respective age and consequent income levels. Dazinger et al. set out to investigate if it could be proven that the young engage in saving while the old enage in dissaving activities. The studies factored in the saving tendencies of retirees and those individuals in advanced ages

Management Change at Cal-Tek Essay Example | Topics and Well Written Essays - 1750 words

Management Change at Cal-Tek - Essay Example It can be mentioned that if the organisations fail to realise and adapt to the forces of change then it can lead to lower efficiency, profitability, productivity and personal ineffectiveness. In the epoch of globalisation, it becomes significant for the organisations to manage the dynamic and the inevitable changes that take place in the organisation. There is tremendous competition among the firms and as a result it becomes essential for the organisations to be flexible so that they are capable of implementing the changes when it is required for the survival of that particular firm (PHCC, 2008). Task 1: External and Internal Forces Driving Change at Cal-Tek External Forces Driving the Change It is a well known fact that change needs to be accepted as a significant part of the organisational life. There are two main forces that drive the change in the organisation. They are the internal factors and the external factors. It is the external factors that motivate the demand for change i n the organisation. ... A company needs to analyse if it is the leader in the particular marketplace. There are many factors such as changing tastes and preferences of the customers, mergers and acquisitions and globalisation that pose competitive threats to the organisations and thus challenge the niche of every organisation. Technology can also be considered as one of the significant factors motivating the change. The reason behind this is that it has the ability to change the way the work is done and the relationship, significant to the organisation such as the employees, customers, investors and suppliers. In most of the times, the changes are brought about in the society and culture by means of shift in the expectations, values, people’s needs and values. The attitude demonstrated by the individual towards the quality, work, role of government and national identity tend to be affected by the political and social events. The other external drivers of change are government policies, laws and regul ations. Organisations are supposed to operate within the boundaries of governmental influence (Russell & Russell, 2006). Internal Forces Driving The Change The internal forces driving the change in the organisation tend to be internal to the organisation. The internal factors take place within the enterprise so as to push the organisation, its leadership, its investors and stakeholders to move in a different direction from what has been followed in the past. Leadership is one of the significant internal forces of change in the organisation. By means of inspiring others, offering new ideas, the leaders tend to instil new direction in the organisation. It is the

Developing a Teaching Plan Assignment Example | Topics and Well Written Essays - 750 words

Developing a Teaching Plan - Assignment Example [3] The obvious outcome expected are the following: Information is supplied {b} Doubts are clarified {c} Questions are answered {d} Need is highlighted {e} Motivate the reader {f} Action is advocated {g} Decision is aided {h} Prompt action is encouraged. {c} If the student is not immunized then the Booklet must be provided and the student should be told to read and come back to the college office again when a more detailed information could be gathered. [5] The methods of instruction to be used can be varied and it becomes subject to the budget allocation for such an ongoing program. The following can be considered: {a} Print material in booklet form in text and graphics, the size that fits into a purse or pocket. {b} An audio-visual, in the form of a VCD. {c} Fliers & Mind Joggers & Posters & Banners in the college campus. {d} Inserts in the college prospectus. {e} Class room sessions. Disease Invasive meningococcal disease occurs in three common clinical forms: meningitis (49% of cases), blood infection (33%) and pneumonia (9%); other forms account for the remainder (9%) of the cases. Onset can be abrupt and course of disease rapid. Epidemiology # Annually, 1,400-2,800 cases of invasive meningococcal disease occur in the US. 20% of cases occurs among adolescents and young adults ages 14-24. 16% of cases occurs among infants under 1 year of age. ... [5] The methods of instruction to be used can be varied and it becomes subject to the budget allocation for such an ongoing program. The following can be considered: {a} Print material in booklet form in text and graphics, the size that fits into a purse or pocket. {b} An audio-visual, in the form of a VCD. {c} Fliers & Mind Joggers & Posters & Banners in the college campus. {d} Inserts in the college prospectus. {e} Class room sessions. [6] The content will have to be very carefully designed and it has to be sensitive to the student group it continually addresses. True and correct information Teaching Plan 3 should be passed on about Meningococcal Diseases and Meningococcal Vaccines. The following brief format is excellent { to develop it please go to its website3}: Overview This document seeks to familiarize vaccination providers, partners, and the public with the epidemiology and clinical features of meningococcal disease Disease Invasive meningococcal disease occurs in three common clinical forms: meningitis (49% of cases), blood infection (33%) and pneumonia (9%); other forms account for the remainder (9%) of the cases. Onset can be abrupt and course of disease rapid. Epidemiology # Annually, 1,400-2,800 cases of invasive meningococcal disease occur in the US. 20% of cases occurs among adolescents and young adults ages 14-24. 16% of cases occurs among infants under 1 year of age. # College freshmen living in dormitories are at higher risk than general population of similar age. Causative Bacteria Meningococci are carried only by humans in the nasopharynx-their only reservoir. Overall 5%-10% of the population carries the bacteria. Adolescents and young adults have the highest carriage rates. The Vaccines Here detailed information has to be provided

Repoliticalization of Accounting Standard Setting Assignment

Repoliticalization of Accounting Standard Setting - Assignment Example Some researchers have claimed that the drive behind financial systems is accounting policy-makers and the forces in the market. The affair has been much on the adoption or rejection of fair value principle. EU rejected IAS 39’s proposal of fair value principle. In addition, it put conditions on the extent to which the asset factor can be realized. It led to the amendment of the IAS 39 and IRFS 7. The EU and G20 have on more than one occasion discussed financial institutions and regulations on monetary policies. They have given guidance on securities valuation (BENGTSSON, Elias, 2011). Moreover, they proposed being a supervisory body or that the IASB should be constantly supervised in its activities. Opinion Political influence on financial in my view is not a bad agenda but their negative influence. The institution is no longer at ease to perform its functions with the profession required. On the other hand, the EU declined the adoption of IFRS 9 after the financial crisis, leaving the world amazed about the political forces behind financial institutions. IAS 39 was established under political pressure and went further to affect its operation when mistrust arose between the EU and US financial institutions. The political drive wheel should be to facilitate the growth of financial institutions and not curtail their operations.