Business Essay Example for Free (#4)

Business Essay A. 1. As I began my journey as a new business owner of a computer company I needed to define my company’s goals, decide which direction I wanted to take the company to and create a mission statement that will best represent my company. Since the company was new I needed to come up with something catchy and promising that would invite potential clients to find out more about the products we offer. Since there were more participants in this game and from my professional experience I learned that staying on the same path and making advancements is more beneficial than trying to change directions every time. In this case I remained focused on the same two groups for the remaining 3 rounds. Instead of changing and adding more products every quarters like most of the other participants I kept my two models (one for each group) and made necessary corrections and modifications based on the market needs. I verified the requirements of each group, the priorities and the price range each client is willing to pay. Since there are no specific techniques used in this part of the business analysis I used my own judgment in making sure that I create the best product with the items that are most important to the potential client group. As stated above I initially created two products (one for each group) and after the first round they both passed 70% but in the scientific group it was not chosen as one of the best. In the second round I was given an option of reviewing products of my competitors and the only difference was the larger monitor and an upgraded keyboard. I added those options to my products and in the next round both products did very well. I had to make sure that in the nest round I keep up with the new upgrades and add them to my products to make sure that I keep up with the new technology. Even after making the upgrades the prices did not change a lot and the two groups still chose my product as one of their choices and my products were receiving 100% in both categories. Out of all the categories my market performance would produce larger results if I was not afraid in estimating more clients and produce more computers in both categories. Every quarter I ended up loosing clients and sales due to shortage in inventory. My market performance, marketing effectiveness and human resource management remained slightly low even though I was very close to my competitors. As far as my salary package I paid my employees the most but I only contributed 2% of their salary versus 5% that everyone else was contributing. I believe that salary is more important than the retirement contribution. I upgraded health benefits but kept the contribution the same. 2.I would not change the targeted markets I have selected because my decision was a success. I wanted to make sure that my company will have balance between high paying clients and not as much demand and those where the profits are not as high but the demand is much higher. My analogy was right on target because with the Mercedes I was making higher profit but the number of machines was not as high as the market for general public where the profit was significantly lower. After being chosen by both markets as a preferred factory I had to make sure that I am keeping up with current technology and by adding extra features the price difference is not too high so that I would loose my lower profit clients. With that business idea I was able to survive my competition and climb up to the top. 3.When it comes to the sales locations I selected I believe that I have done enough research to make a good decision. Since I have chosen Mercedes for scientific computers and general public I wanted to make sure that I cover United States since Mercedes mainly operated in the US and their main headwaters are in Germany. Therefore I chose NY as one of the first offices along with France in Europe. My next choice was Tokyo since they have the most advanced technology and I can use that as my selling point to generate more business. My last choice was South America even though the expenses were not as high but it is less demanding since the poverty is significantly high. As expected, choosing my locations in this order was a success. 4.Marketing research could definitely be improved since I was not as successful as I was hoping to be. Most of my business was coming from direct sales and not as much from other advertising. I did not want to invest large amounts of money on the popular magazines since the fee was very high and I was concentrating on more common papers such as Science Magazines and business papers. Maybe I should have been more adventurous and invest in more popular magazines but I was afraid that I would suffer financially. Also I was not able to come up with a very catchy advertising line to attract potential clients and was scoring somewhat low on the advertising review. B.One of the most important decisions I made was to invest in international markets. Since Mercedes is from Germany and its factories are in the US I felt as investing in a European market would be a good idea simply because I come from Europe and I know that Mercedes is in demand as well as there are a lot of companies in need of a highly developed machine that can make their discoveries and creations a lot easier. I was a little hesitant about opening offices in Tokyo since their technology is very advanced and cost is very high. But because of that I decided to stand with competition face to face and use this to my advantage. By creating same quality machines for a little lesser cost I was able to survive and beat most of my competition. South America had smaller expenses but the demand was not very high considering the high number of less fortunate individuals. If investing in the international markets required large funds I would concentrate on the US market and possibly South America. Unless I discovered high turnaround and my investment would not affect my company’s future I would consider this option. Throughout my entire game I was very cautious and I was afraid of heavy investment simply because my funds were very limited and I did not want to jeopardize my company over greed and quick wealth. After reviewing my financial reports I was able to determine if additional investment is possible and how my this would effect the company overall. Heavy investment would depend on how the financial statements looked, careful review of the international markets and position of the company in the global market. If the company would not be as successful at the end of the 4th quarter as I wanted it to be I would most likely find another route to expand my borders. Business. (2017, Feb 03).

SWOT Analysis Coursework Example | Topics and Well Written Essays - 250 words

SWOT Analysis - Coursework Example Walmart also has a very competitive pricing pattern (Kummer). By promoting locally produced food items, they are saving on the side of transportation and middle men and are able to place smaller orders (Kummer). Weakness The prices are not really low but the company is only creating a perception that they are low with the slogan, â€Å"always low prices† (Zenith). It has been pointed out that 80% to 85% of Wal-Mart’s items are more expensive† (Zenith). There has been allegation that the quality of goods sold at Walmart is poor and the service is also not up to the expectations of the customers (Zenith). Another bad reputation of the company has been that â€Å"Wal-mart’s buying practices injure its vendors† (Zenith). Walmart’s poor services to its workers had come under criticism many a times (Zenith). The conventional â€Å"business model and organizational rigidity† of Wal-Mart has been another weakness of this company (Zenith). Oppor tunities It has been an advantage of Walmart that, â€Å"instead of establishing stores near major urban centers where the population concentrates, Wal-Mart expands from its Arkansas base by constructing new stores that are strategically located near distribution centers and in smaller towns† (Rao, Qingyuan yue and Ingram, 7).

Legal Rights Afforded to the Accused Research Paper

Legal Rights Afforded to the Accused - Research Paper Example Miranda rights apply to custodial interrogations and since John is held in police custody he qualifies for these rights (Roberson, Wallace and Stuckey, 2007). Ideally, John is an illegal immigrant and as such is expected to face the due process of the law and similar protection provided in the constitution like other United States (US) citizens. He should therefore be accorded help if unable to communicate in native language by being given a translator. If the police officers fail to advise John of the fundamental rights provided in the constitution, any statements made by John may therefore be suppressed if challenged in a court of law meaning that such incriminating statements may not be used against John during his trial. Some procedural steps that must be taken include booking John for the crimes he has been arrested for. His personal belonging are then taken, photographs and fingerprints taken in order to confirm his identity and establish if there are other warrants of arrests issued before (Kempinen, 2006). John should then be arraigned in court before a judge and at this point the judge will decide if there was a need for the arrest. During the arraignment, a judge also decides the amount of bail or if the suspect would be released on recognizance. Nevertheless, considering that John is not a citizen, the immigration department should put him on hold meaning that even if a bail is allowed, he would not be freed without posting an immigration bond. The immigration will then wait from his case to complete and then commence deportation proceedings against John. Preliminary hearing is mainly used to assess adequacy of evidence against a suspect in order to make a decision whether to go to a full trial. On the other hand, a grand jury is where a group of citizens listen to evidence presented to determine if a full trial should commence. Both preliminary and grand jury allows evidence which gives the prosecutor enough evidence to charge the

Financial Accounting Reports Essay Example | Topics and Well Written Essays - 2000 words

Financial Accounting Reports - Essay Example The Financial Accounting Standards Board says financial reporting to be financial statements as well as other ways to communicate financial information related to the enterprise to the outside users. Financial reporting, compared to the financial accounting, is quite broader concept that encompasses the financial statements, the notes that are given below those statements and the disclosures. Financial statements are useful in providing important information to make decisions about the credit decisions and investments and also to assess the cash flow prospects. Information about the resources of the enterprise, its claim to these resources obtained and the changes that these resources undergo is also provided by the financial statements. Information provided by financial reporting is used by management and others who make economic decisions. Financial reporting primarily focuses on information about the earnings and the components it has. (International Financial Reporting Standards, 2013) Investors: these people make investments in the entity. They are interested about the security of their investments and potential profits in the entity. People interested in making investment in an entity make use of the financial statements, especially the income statement, with the help of which they can estimate the future incomes and performance of the entity they are interested to invest in. The solvency of the company and the financial strength will reveal whether their investments will be secured or not. Investors like unit trusts and pension funds are the most sophisticated and the largest group of investors. Lenders: they need the information about the entity’s financial strength and performance to know whether the entity will be able to pay them in future. This depends on how are the solvency conditions of the entity. They are shown by the balance sheet/statement of financial position. The entities may

IT Essay Example | Topics and Well Written Essays - 1250 words

IT - Essay Example The reliability and validity of data and information therefore, become critical ingredients for correct evaluation of the processes or situations if they are to serve as important facilitators to organizational success. Data quality and data integration are different aspect of same coin which are intrinsically linked to the relative accuracy of outcome. Quality and validity of data is extremely important as it assures the reliability within the data, judicious manipulation of which can lead to desired outcome. Data integration, on the other hand is just efficient collation of the same, irrespective of the fact that data is reliable or not. Thus, in the broader framework of effective information management, assurance of data becomes a critical aspect of effective information system. With assured data that is reliable and valid, information retrieved would provide wide ranging knowledge about the existing and emerging paradigms of the business world which may have considerable impact o n the organizational performance outcomes. Data, information and knowledge are the three main facets of the informed choices which are effectively linked to the organizational goals and objectives. ... In short, collation or integration of data provides specific information regarding issues and areas of importance to organizational processes. Interestingly, knowledge becomes the most important part of organizational functioning. It can be described as the thoughts, opinion, observation or ideas which are applied in one’s daily life. They are manipulated to suit one’s needs and requirements in myriad ways. In organizational context, it provides the working population with expertise to exploit the given information for optimal performance outcome. Thus, diversity in the area of knowledge becomes the most important aspect of it and whether one wants it or not, it has become personal choice for one to imbibe, cultivate, facilitate, use, misuse and so on. The precepts and concepts of knowledge, have therefore, become significant tools for not only expanding the scope of utilization of the existing resources but they have become important to understand the changing dynamics of business environment. The main reason that data quality and data integration are important is primarily because they help in storing and manipulating strategic business information that are designed to improve the overall business prospects. In technological term, information system is developed by creating database of various spheres of the business including administration, management, productions, accounts and other areas which are intrinsically linked to produce the desired outcome of efficiency, quality and profits. The access to information facilitates efficient and knowledge based decisions by the managerial leadership and team. At the same time, it serves as a great tool for the management to exploit the available

Compare and contrast Romanesque architecture and Gothic Essay

Compare and contrast Romanesque architecture and Gothic architecture.What traits did each illustrate and how did one transition - Essay Example Gothic architecture on the other hand relates to the kind of building design that tries to transcend beyond the human imagination. Romanesque architecture was a style of architecture that was simplistic in nature, while the Gothic architecture was more complex when compared to the Romanesque style of arcitecture. Thus, Romanesque architecture was primitive, while the Gothic architecture was more modern relative to the Romanesque architecture. Though the degree varied, Romanesque and Gothic architecture were both based on the conviction that the union with the celestial is achieved through insight. Romanesque architecture is a style that shows more interest in the things of the past than Gothic architecture. Romanesque architecture and Gothic architecture were two styles of building design that there was a prevalence of imagination over formal rules and reason. In terms of flamboyance, Gothic architecture is more flamboyant than the Romanesque architecture and it is due to this that G othic architecture is considered as one of the most exceptional artistic era in Europe’s history (Bishop). One style that is common to the Romanesque and Gothic architecture is the construction of westworks, which were archetypes of Gothic and Romanesque cathedral porticoes.

The Darkness Out There Essay Example for Free

The Darkness Out There Essay In this essay I am going to compare the differences and similarities between, the opening chapter of a nineteenth century novel called Great Expectations written by Charles Dickens, and a modern short story called The Darkness Out There written by Penelope Lively.  Great Expectations is a child-hood memory, told by an adult. The story is about a young orphan called Pip, who lived with his sister, and his brother in law who is the towns blacksmith. Pip does a good deed one night for a convict who has escaped prison. This is not mentioned after a while in the story. Pip then finds out that he has a benefactor who has left him a large sum of money to live with in the capital city, London. Pip wished to be a gentlemen when he was young, the benefactor helped make this wish come true. Whilst living in London Pip begins to forget his roots and look down upon people who are of lower status to him. Later on in the novel Pip discovers that his secret benefactor is the convict he helped when he was a youth. The Darkness Out There is about a young girl called Sandra who has high hopes for her future; in the story Sandra joins a club, which helps the elderly in her community. She and another boy meet an old woman called Mrs. Rutter who lives in a small cottage near a place called; Packers End. In the story Sandra finds out many things about Mrs. Rutter, which is in contrast to her outward appearance. In the story Sandra and her friend discovers many secrets about her life as a young woman during the war. Sandra later teaches herself a lesson; not to judge people by their appearance or how they treat you. The setting in the opening paragraphs of Great Expectations is in a graveyard; bleak place overgrown with nettles was the churchyard it is a dark and isolated flat wilderness. The setting reflects how Pip is feeling; he is very cold and in a highly emotional state. And that the small bundle of shivers growing afraid of it all and beginning to cry, was Pip. The story The Darkness Out There opens with a sunny pleasant setting; she walked through flowers, the girl, ox-eye daises and vetch and cow parsley, keeping to the track at the sedge of the field, this is in contrast to the title, which involves darkness. Packers End, is where most of is told, is also in contrast to the bright sunny opening setting; The dark reach of spinney came right to the gate there so that she would have to walk by the edge Sandra is afraid of Packers End; You didnt go by yourself through Packers End if you could help it, not after tea-time, anyway. Many rumours were told about Packers End. When Sandra was young she believed that Witches and wolves and tigers. Sometimes theyd go there for a dare. As a child she grew afraid of Packers End. As she got older the rumours changed to ghosts of German pilots who were left there to die! She wouldnt go there for a thousand pounds. Pip is a young orphan who is living with his sister and brother-in-law; both his parents have died they died was Pip was a very young child. We know this because Pip does not know what his parents look like so he constantly visits their graves. His sister does not speak about their parents, maybe because she thinks he is too young. Pip is in search of his identity. Pip was small for his age; though I was at that time under-sized, for my years, and not strong. When Pip is in the graveyard he feels like as if he is spiritually with his entire family; which is maybe why he is at the graveyard a lot, but knowing they have passed away. Pip has a very vast or vivid imagination; we know this when he tries to picture his parents by looking at the way the names are carved out on the gravestones. To show that he gave a lot of respect to his elders, he spoke to the convict using the word sir. Pip was a brave character, because he keeps his word with the convict and also swears an oath. In the opening paragraphs Pip was very vulnerable the small bundle of shivers growing afraid of it all and beginning to cry, was Pip. The convicts character is very aggressive; his opening line is a command. Hold your noise! Cried a terrible voice, as a man started up from among the graves at the side of the church porch. He was also in hiding before he made his appearance; he could have been watching him all along! The convict also threatens him, keep still, you little devil, or Ill cut your throat! He continues to talk aggressively. The convict has continuously threatened Pip but has never harmed him. Then later on he learns that Pip has no parents. Pip is very little compared to the convict. Near the end the convicts finds out that Pips brother-in-law is the village blacksmith, so he orders Pip to get him some food (wittles) and a file he intimidated him to do so by tilting him after each command and then at the end he threatened him by saying; Or Ill have your heart and liver out. The convict reinforces his threats by involving another man which he says is worse than him, he says that he is finding it difficult from keeping the man away from Pip. Near the end of the novel we find out the Pips benefactor is the convict himself.