Manufacturing Free Essays

Data System Implementation Case Study Analysis Introduction: PacSci has been an effective medium size aviation/safeguard organization. It has been doing business since 19760s. (1) The organization has generally excellent notoriety in cost and quality. We will compose a custom exposition test on Assembling or then again any comparative point just for you Request Now Be that as it may, it generally has issue with OTD (on time conveyance). Ten years prior, the OTD issue was not an issue, in light of the fact that there weren’t an excessive number of rivalries. Yet, over the most recent couple of years, because of stiffer rivalries, OTD has become a major issue and been harming the company’s deals. What's more, heaps of faithful clients gradually went to its rivals. Causes: Several issues added to OTD have been recognized by the administration of the organization. The first they distinguished was the inability to perceive the lead times of the crude materials. The buying division consistently needed to arrange materials at the moment when the parts in the stock room were practically unfilled. The organization needed to pay extra to facilitate their requests, which drove the company’s working cost high. Notice between Stock room faculty and buying office was not robotized. Furthermore, the getting office didn’t advise the stock room when they got crude materials bundles. Another was no computerized procedure set up over the organization, such a large number of manual entered interchanges between offices. A few sales reps made unreasonable conveyance date to clients since they couldn’t get to more established deals request data. The building ventures took too long to even consider being moved to Manufacturing in light of absence of task the board. Finally, the assembling division despite everything depended on such a large number of difficult work steps in assembling process. (2) Implementation: The administration chose to execute Microsoft ERP over the entire organization to smooth out their Supply Chain Processes with the goal that the stock control can be overseen, and the buying office can arrange the crude materials when they see orders come in, get programmed warnings from stock rooms. The delivery and getting office presently can advise the stock room when they get crude materials and parts immediately through messages activated by ERP. Sales reps can advise the clients the transportation status and the specific conveyance date dependent on the assembling time, and can connect with clients dependent on the customer’s request exercises. And furthermore the board reduces down operational expenses by executing programmed fabricating steps to supplant tedious physical work steps, with the goal that the product offering process time and work cost can be overseen. Presently, after usage of Microsoft ERP, all of building tasks can be appropriately overseen and checked in Microsoft ERP by the board, and moved to assembling after they pass fabricating preparation stage in a convenient manner. End: After Implementing Microsoft ERP, it has helped PacSci improve its stock, decline the working expense, accomplish over 90% OTD. Since the improvement in its flexibly chain and OTD, the associations with clients have additionally improved. New items from building division can be appropriately overseen and moved to assembling agreeing the calendars in ERP. Increasingly more of those lost clients gradually come back to PacSci for business. Deals division can recognize the customers’ request practices and anticipate better market inclines, and give better client care. Furthermore, the company’s buying divisions likewise haggle with providers for better terms. References: (1) http://contributing. businessweek. com/look into/stocks/private/depiction. asp? privcapId=118423755 (2) Narrated by previous worker of PacSci, Don Yang The most effective method to refer to Manufacturing, Essay models

Tables of Regular Italian Verb Endings

Tables of Regular Italian Verb Endings While there are numerous sporadic action words in Italian (not pointing any fingers at you,â â€Å"essere† or â€Å"avere†), countless them follow an example that can be remembered and afterward applied on the spot. Beneath you’ll discover tables with action words endings for ordinary first-, second-, and third-conjugation action words. Characteristic/INDICATIVO Present/Presente Closure ARE ERE Wrath I particular o o o/isco II I I I/isci III a e e/isce I plural iamo iamo iamo II ate ete ite III ano ono ono/iscono Mangiare - to eat io mangio noi mangiamo tu mangi voi mangiate lui, lei, Lei mangia Essi, Loro mangiano Credere - to accept io philosophy noi crediamo tu credi voi credete lui, lei, Lei crede Essi, Loro credono Partire - to leave io parto noi partiamo tu parti voi partite lui, lei, Lei parte Essi, Loro partono You may see that in the third-conjugation area (- rage), there are two choices â€Å"-o† and â€Å"-isco.†Ã‚ So how would you know which one to utilize? The action words that end in â€Å"-isc† are a piece of an extraordinary gathering of third conjugation Italian action words (action words finishing off with â€ire). One genuine case of such action words is finire (to wrap up). PRESENT INDICATIVE/ finire - to wrap up io finisco noi finiamo tu finisci voi limited lui, lei, Lei finisce Essi, Loro finiscono Note that the â€Å"-isc† should be added to the stem of each of the three solitary (io, tu, lei) and the third-individual plural (loro) frames in the current subjunctive tenses, just as the second and third individual particular and the third-individual plural types of the current basic tense. Different action words that need the - isc-postfix and are conjugated like finire includeâ capireâ andâ preferire. Lamentably, it is extremely unlikely to know which third conjugation action words are isc action words past remembering them. Flawed/Imperfetto Completion ARE ERE Fury I solitary avo evo ivo II avi evi ivi III ava eva iva I plural avamo evamo ivamo II avate evate ivate III avano evano ivano Mangiare - to eat io mangiavo noi mangiavamo tu mangiavi voi mangiavate lui, lei, Lei mangiava Essi, Loro mangiavano Credere - to accept io credevo noi credevamo tu credevi voi credevate lui, lei, Lei credeva Essi, Loro credevano Partire - to leave io partivo noi partivamo tu partivi voi partivate lui, lei, Lei partiva Essi, Loro partivano Past supreme/Passato remoto Completion ARE ERE Fury I solitary ai ei/etti ii II asti esti isti III /ette I plural ammunition emmo immo II aste este iste III arono erono/ettero irono Mangiare - to eat io mangiai noi mangiammo tu mangiasti voi mangiaste lui, lei, Lei mangi loro, Loro mangiarono Credere - to accept, to think io credei/credetti noi credemmo tu credesti voi credeste lui, lei, Lei cred/credette loro, Loro crederono/credettero Partire - to leave io partii noi partimmo tu partisti voi partiste lui, lei, Lei part loro, Loro partirono Note that the past remote tense isn’t as regularly utilized in every day discussion in the middle and the north of Italy. It’s utilized, however in the event that you’re a fledgling or halfway understudy, it bodes well to adhere to the tenses you’re going to need to have an adaptable and liquid discussion, similar to the next three recorded just as il passato prossimo. Future/Futuro semplice Closure ARE ERE Anger I solitary er er ir II erai erai irai III er er ir I plural eremo eremo iremo II erete erete irete III eranno eranno iranno Mangiare - to eat io trough noi mangeremo tu mangerai voi mangerete lui, lei, Lei trough loro, essi mangeranno Credere - to accept io creder noi crederemo tu crederai voi crederete lui, lei, Lei creder loro, essi crederanno Partire - to leave io partir noi partiremo tu partirai voi partirete lui, lei, Lei partir loro, essi partiranno

Biggest Industries Ripe for Disruption

Biggest Industries Ripe for Disruption The strategies have changed â€" competition has become more fierce and competitors are bringing their A game to the table. It is time to shake things up and disrupt the industry to become the leader in it. © Shutterstock.com | LightspringIn this article, you will learn about 1) the basics on disruption, 2) how to recognize whether an industry is ripe for disruption, 3) 15 ways to disrupt an industry, and 4) what industries look like they are ripe for disruption.INTRODUCTION TO DISRUPTIONDisruption is the process of breaking down the status quo; it is about changing the rules of the game and completely deviating from the way things are normally done. Disruption allows the company applying it, to take charge of the industry through radical changes.This change can be brought in the business strategy, through technology or through the introduction of a radical new product/service, thus allowing the introducer or the change initiator to become the market leader.When you are operating in an industry that has become stagnant, you feel like there is no way forward, and you cannot capture more market even if you become more efficient at how you are doing things, then it is time to play the dis ruption card. You can crush your competitors by introducing a new product/service, for example, creating a new niche in the existing industry, allowing you to leap ahead of the competition. You can implement a new technology that allows you to cut down costs by a huge margin, expanding your profit margin and allowing you to grow quickly to reap the benefits of large-scale production.Either way, disruption can help you destroy the old and bring a refreshing change that helps you take the lead, making your competitors sweat!These slides will show you some bigger trends driving disruption in many industries.[slideshare id=46950559doc=nodslideshare-150413144357-conversion-gate01w=640h=330]HOW TO RECOGNIZE WHETHER INDUSTRY IS RIPE FOR DISRUPTION?If you are a small start-up, the best way to increase your chances of success are to enter an industry, which is ripe for disruption. Entering such an industry with a new strategy or a new offering for customers is a good way for getting noticed by them. In a stagnant industry, bringing in a change would be refreshing for the customers and they would be more than willing to accept you and do business with you.1. Examine the MarketLook closely, closer than before. You will not always find an obvious problem in an industry that points it out to be the one ready for disruption. In order to identify this, you have to look closer to identify problems that are smaller but critical. These problems are more subtle in nature and have been gone unnoticed because customers and companies both have accepted these problems as a norm.Companies are not pushed to solve these problems; they have become complacent due to past successes. Since they are already successful in their operations, they feel that there is no need to change. Such an industry would qualify as a good target for disruption.Moreover, by doing what they have always been doing, the companies reach a point where they begin to lose their connection with the customers. Assumin g that the customers are also happy with how things are, they stop listening to them. Complacent companies in this way fall victim to a critical behavioral problem â€" they begin losing touch with their customers. In reality though, the customers do desire a change and it is you who needs to make use of this opportunity.By looking closely, you can identify whether the existing companies in an industry have become complacent and have lost touch with their customers. If you recognize the unresolved issues of such an industry and resolve them, you would delight the customers, break the status quo, and leave the competitors behind. If the industry leaders have become a little too overconfident with their position and are not taking new entrants seriously, it may just be the industry for you to disrupt and enter. Since industry leaders will not be worried about you, a new entrant, they may not make an effort to ruin your start-up, giving you a perfect opportunity to plant your foundation s and strengthen your start-up. Before they know it, it will be too late for them and you would have captured a big chunk of their market.Another way to recognize whether an industry is ripe for disruption upon examination is if the companies are following an obsolete business model. Due to the rapid change in technology, a business model can become obsolete quicker than before. This opens up an opportunity for you to enter the industry with a newer, more refined business model and create a storm in the industry.Look through the Eyes of the CustomerThe best way to understand a situation from another person’ point of view is to step in their shoes â€" this is how disruption works too. Look at the industry from the viewpoint of a customer, not the company. This vision will bring a whole new perspective and help you identify opportunities for disruption.Using the existing products and/or services as a customer will let you experience the industry as a user. Use your imagination and o bservation skills to identify issues and/or opportunities for improvement and that will be your basis for disrupting the industry.2. Never Underestimate PayoffsThe thinking that big payoffs require a major investment may hold you back or make you think that a particular industry is not feasible for you to disrupt or that you strategy may not be successful in disrupting. However, that may not be the case. You may be able to earn big by making a minor adjustment in any aspect. Do not think that a small change will bring small payoffs â€" if the small change makes a big impact, your payoffs are going to be huge too.For example, let us say that you want to start a new online food delivery outlet by utilizing a new route that you have identified which will enable you to reach the customers quicker than your competitors. This change does not require a huge investment on your part but if the delivery time really matters to your customers, you can capture a huge market with your strategy an d earn significant payoffs.3. Don’t Take Assumptions for GrantedAs time passes on, there are beliefs and assumptions established in an industry that the current companies do not question. If you want to disrupt the industry, you have to question these assumptions and not accept them â€" that is from where the change will begin.Do not assume that the rules cannot be changed because if that was true, the concept of disruption would not exist. Do not just assume that the customers will not like the change you are about to introduce.4. Trim the FatAs industries get old, they accumulate a lot of fluff. This fluff comprises of elements or add-ons to products and services that the customers no longer value, but are charged for. For example, fancy office décor adds to the company’s cost of production, which is translated in the price of products/services they offer. However, the office décor may not really be of importance to the customers. By changing this aspect, you may be able to disrupt an industry, cut your costs and takeover the competition by offering customers what they actually value and thus are willing to pay for readily!5. A Real Life Example of Formula OneAlmost everyone knows what Formula One is all about, even those who may not watch it regularly. Formula One shows the above-mentioned signs of being an industry that may be ripe for disruption.Take for example the continued success of Formula One over the history. This success has made Formula One complacent, as it continues to have car manufacturers spending big bucks developing Formula One cars. A good number of F1 teams have made good money from the success of Formula One and so have the people in the management.However, when you look deeper inside, do you realize that there is a big decline in the number of people who watch Formula One live? This is because Formula One has lost touch with its customers â€" the fans of Formula One. They have been so focused on managing media deals since TV view ing has been bringing in a major chunk of revenues for Formula One, they have ignored the fact that the race stands are almost empty.Recently, Formula E has entered the car racing industry. Formula One is not paying them much attention, disregarding them as a competitor. Lastly, if you look at the business model of Formula One, it is based on getting TV deals. But can it rely on it in the coming future considering that the media will become increasingly fragmented in the future? Also, bear in mind that in future, marketing will become highly personalized and customized â€" something, which is opposite to F1’s current strategy.HOW TO DISRUPT AN INDUSTRY: 15 WAYS FOR A POWERFUL SHAKEUPAre you tired of the inertia in your industry? Is the inertia in any other industry bothering you to the point where you are ready to shake things up? Disruption is one of the wisest ways to launch your own start-up and ensure its chances of success. Here are 15 ways to disrupt an industry:#1 Make Shor tcutsBy reducing the channel between product/service production and delivery to customer, you can make it easier for customers to access the product or service. This is called making shortcuts. It allows you to make it convenient for the customers to utilize the product/service.#2 Challenge the Existing BoundariesWho is to say that the current way of service/product delivery cannot be changed? Challenge the limitations and find out a radical way to go around the roadblocks to bring a change in the industry. For example, Uber Taxi is available through a mobile application. Users simply use the app to request for a taxi, which reaches them within minutes. Before their launch, did we think it was possible?#3 Dramatically Reduce ComplexityEver found yourself wanting to place an order online but it takes you weeks to finally place that order? Is it because the website is overly complicated and you are always procrastinating to place the order because of it? How would you feel if a much l esser complicated website was launched? Of course, you would love it! So you can disrupt an industry by making the product/service less complicated.#4 Removal of an Important Element of the Product/ServiceRedesigning an existing product/service in a way that you take away a seemingly important element is a great way for catching the attention of customers. You must however, provide an alternative to the element so that the product/service’s workability does not get affected.#5 Be Brave Enough to go DigitalIf not for Kindle, could you have imagined an alternative way for reading books? If not for eBay, would you have thought of a different way to auction things off without having a yard sale? It is the era of technology. If an industry has still not gone online, you can be the one to disrupt it by taking it online!#6 Slash Down Prices or Introduce the Freemium ConceptMaking international calls once was an expensive affair â€" until Skype was launched and it became much easier and a ffordable for everyone to stay in touch with their close-ones abroad. So is there a way you can disrupt the industry by cutting down the prices significantly or even offering customers a product/service for free?#7 Learn from Other Innovative IndustriesGet inspired from other industries and learn which of their elements you can incorporate in your industry, the industry you want to disrupt. For example, you can analyze the TV industry to see how they bring innovation in their screens. You can use this analysis to redesign the screens of mobiles.#8 Develop a Closed EcosystemCreate a new closed ecosystem within the industry through a radical change, thus winning customer loyalty for your business. Consider Google; they have a very strong following and users of Google rarely rely on or use any other search engine. You can create this closed ecosystem with suppliers or vendors as well, getting good bargains and in return supplying the same product/service at significantly lower costs th an your competitor.#9 Seek Out New Target GroupsFast food was enjoyed by adults until McDonalds introduced the Happy Meal and KFC Chicky Meal. There are similar companies who have tweaked the traditional offering and targeted a new segment of customers, thus disrupting the industry.#10 Do the OppositeWhen the cell phone industry started producing smaller cellphones, Samsung with its Note Phone came up with a design with a bigger screen. iPhone’s newer versions including the iPhone 6 also has a bigger screen as compared to the iPhone 4. Doing the opposite of the trend is a great way to disrupt an industry.#11 Combining Different Types of InnovationsThere are different types of innovations including technological, service, product and business model innovation. You can combine a mix of these innovations and disrupt an industry on multiple fronts.#12 Do the ImpossibleDid you ever think it was possible to build a rotating hotel or a bridge underwater? Well both of them now exist in th is world. Remember nothing is impossible and doing something, which was thought to be impossible, will definitely disrupt an industry.#13 Look for New Business ModelsPut your thinking cap on and come up with a new business model to implement in the industry. A new business model can change the processes involved and lead to decreased cost of production and/or increased quality of output and/or ease of delivery, amongst numerous other things.#14 DowngradeIn an attempt to renovate, change and re-invent, sometimes the basics of a product/service are covered up, so much that the essence of the product/service gets lost. For example, in an attempt of creating a complete experience at salons and beauty parlors, so much stress is laid on creating the perfect environment that the quality of haircut may get compromised. Rather than enhancing the ambiance, how about you focus on giving a top quality haircut instead?#15 Sharing is the New BuyingYou can collaborate with a company in the same in dustry or a company in another industry to come up with something new that can disrupt an industry. For example, you may collaborate or share resources with a web development company to come up with a business of providing baby sitters and child minders online.THE COMPANIES THAT ARE NOT DUE FOR A SHAKEUP ANYTIME SOONThere are some companies that keep things in their industries on a roll, thus reducing the chances of having someone disrupt the industry. Here are examples of such companies:Apple: Keeps reinventing its products using technology innovation, product redesign, etc. It keeps its customers on the toes, waiting anxiously for a newer model. They look forward to new model launches and continue discussing the updates for months!Netflix: Netflix is the perfect example of a service concept, which allows the company to stay in-tune with its customers, always! It is TV on demand and it always provides what its customers request! Also, Netflix is TV on demand conveniently! It offers its customers to make use of their internet connection to watch whatever they want.Uber: Uber taxi is providing customers with convenient transportation through the use of technology. It is dependent on a modern business model and uses technology that the customers are comfortable using, that is, their cellphones!TransferWise: TransferWise is a company that has come up with a concept of providing customers with money exchange services at a greater convenience and lesser cost. It has disrupted the traditional banking services industry and has created a strong place for itself. The owner of TransferWise is determined to remain on toes and keep bringing changes in order to continue capturing the market.SO WHO ELSE IS UP FOR DISRUPTIONAirlines have been exploiting customers with low quality services and high fare rates for quite long, not to mention the flight delays and lost baggage. The problem is that airlines have become complacent with their processes and since not everyone owns a private jet, customers will have to keep tolerating mediocre services for high fares, until someone comes and disrupt this industry.Another example of an industry ripe for disruption is the cell phone carrier industry. The cell phone carriers keep enticing customers with low cost, better quality packages but these packages come with a hidden cost. If you calculate, these packages actually make you pay extra for services you never consume. This can be broken by a cell phone carrier that offers low-cost services while providing more value.The credit card processing industry is another one ripe for disruption. This is because credit card companies have the monopoly of charging fees on credit card transactions. They charge the merchants fees for processing credit card transactions, which is why at many shops you do not get either the facility or have to make a minimum purchase of a predetermined amount in order to avail the credit card payment facility.Financial service providing indus try is an industry ripe for disruption and already targeted by Fintech companies. This is because most of the customers availing the services of this industry lack the technical knowledge, thus allowing brokers, banks, financial consultants, and investment advisors to charge exorbitantly for their services.Other industries that are ripe for disruption include the wine, cyber security, education, and the Government Politics industry.CONCLUSIONThis is an era where complacency can get you in to trouble. Even if you are a leader in your industry, your leadership is not guaranteed since there are hungry competitors and new entrants eyeing the industry. Any weakness can become an opportunity for them to disrupt the industry and shake things up.Only those companies that keep innovating and re-inventing themselves, stay in-tune with the customers’ requirements and keep offering them something of value at lower costs, are in a position to remain safe from being disrupted!

Climate Change And Its Effects - 861 Words

Though the center of much debate, one undeniable fact is that climate change is occurring and affects every part of planet Earth. Some effects are actually positive, such as higher rates of photosynthesis in trees due to absorption of more abundant CO2 and warmer temperatures. However, most of the negative effects of climate change outweigh or counteract positive growth. Negative effects of climate change are affecting the land, water, plants, and animal life on planet Earth. Climate change has provided both gifts and curses for Earth’s forests. One of the most prevalent issues associated with climate change affecting forests are forest fires. Both the frequency and range of forest fires has increased in recent decades. In fact, information published by the EPA reports that, â€Å"burned area more than doubled between the 1960s/70s and the 1980s/90s.† (Backlund, p. 81) Extreme weather events, such as lightning storms, are increasing in number, causing the initiation of more fires, while higher temperatures and longer warm seasons are prolonging and promoting the wildfires. Another important effect of climate change is the temperature increases, which affect surface water. When the temperature of surface water sources such as streams, rivers, and lakes increases, fish and other organisms, which live in the water, are negatively affected. According to the EPA article, â€Å"Water Impacts of Climate Change,† fish species are negatively affected by rising water temperatures because,Show MoreRelatedThe Effects Of Climate Change On The Climate1091 Words   |  5 PagesClimate change means the fluctuation changes of the climate in a period of time, this period of time could means several decades or centenaries, the fluctuation could be regional or global. At present, what we talked most is the effect of the environment policy on the climate, in another words is the effect of human factor on the climate, especially the questions about the global warming, and climate change is one of the greatest challenges facing the world, it’s extremely urgent, people wonder thatRead MoreClimate Change And Its Effects1095 Words   |  5 Pageson it for reasons ranging from denial to discomfort, has evolved from those unpleasant debates to today’s friendly conversations. The topic is climate change, and the controversy surrounding it has been rooted in disagreement on what exactly causes it. Some say that climate change is a hoax and the changes are part of a natural cycle of the Earth’s climate system. Others are positive that it is the direct result of human activities and without immediate action, the planet will become inhospitableRead MoreClimate Change And Its Effects1533 Words   |  7 PagesClimate change is a concerning problem that is happening to our planet right now, due to human activity. We are damaging our planet through the burning of fossil fuels which are causing greenhouse gases. We use these fossi l fuels every day in cars, planes and many other activities and the effects of this is the warming of the Earth’s surface and oceans – the surface temperature has increased 0.8 °C over the last hundred years. [1] Oceans range over 70% of Earth’s surface and have many important rolesRead MoreThe Effect On Climate Change1577 Words   |  7 Pagesauthority over addressing greenhouse gas emissions, while maintaining presence in the international community. Such emissions make up a substantial portion of impact on climate change; therefore, the UNFCCC targets areas that produce the most emissions. The ways in which the UNFCCC minimally, but not adequately, regulates climate change is through two agreements. The two treaties are the Kyoto Protocol the Paris Agreement (COP 21). In 2016, the Kyoto Protocol expires which the Paris Agreement replacesRead MoreClimate Warming And Its Effects On Climate Change Essay1713 Words   |  7 Pagesdue to emittance of anthropoge nic carbon emissions. Scientists are uncertain of how much warming humanity can tolerate before experiencing the most destructive and dangerous effects of climate change, but most believe that two degrees Celsius is a good starting point to aim for. Thus, the stated goal of many international climate dialogs, such as the Paris Agreements, has been to stop the planet from warming an additional two degrees Celsius in order to mobilize the action need to get the whole worldRead MoreCause And Effect Of Climate Change Essay1220 Words   |  5 PagesCause and effects of Climate Change. General purpose: to inform. Specific purpose: After hearing my speech my audience will know what climate change is, what causes it and its effects now and in the future. Thesis Statement: Climate change is a very important issue that affects all of us. Organization pattern: Cause and effect. Introduction: I. (Attention-getter): How do you explain that 30 years ago we had a different weather than today? When you look at yourself in a dirty mirror; can you seeRead MoreCauses And Effects Of Climate Change1706 Words   |  7 PagesDiscuss the causes and effects of climate change. Present any solutions that are relevant to these issues. Probably the most anxious threat to our earth in these two decades is climate change. Climate change refers to any significant change in the measures of climate lasting for an extended period of time. In other saying, climate change includes major changes in temperature, precipitation, or wind patterns, among other effects, that occur over several decades or longer (Epa.gov, 2015). The rateRead MoreThe Effects Of Climate Change On The Earth1358 Words   |  6 PagesEurope. Climate change is classed as any alteration in global weather patterns over a period of time. However the climate change the earth is currently experiencing is far from anything ever experienced before and its 99% certain that it has been caused by human industrialisation. 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Within the next century, sea levels will rise 7 - 23 inches, Storms will become much stronger, floods/droughts will become more common, and many, many other negative environmental changes (Cook). These changes in the environment have been the topic of de bate for decades, but has become more and more common over the past few years. On one side of the debate, there are the people who believe climate change

Thomas Green, Senior Market Specialist At Dynamic Displays

Protagonist: Thomas Green, Senior Market Specialist at Dynamic Displays Main Issue: As I understand it, the main problem in this case is there has been a serious lack of communication between Thomas Green and Frank Davis. Thomas has received many poor performance reviews and it has been brought up with the Vice President of Travel Shannon McDonald. Sub-elements of the Main Issue: An additional issue that will have to be resolved is whether or not Thomas is willing to take his employee feed back or eventually find himself terminated. . I looked at this situation using in and out groups, the skills approach as well as the behavior approach. I selected this approach because many of these approaches and skills will help to develop a†¦show more content†¦Thomas got hired on in the position with over six years of account executive experience. He did not have the experience for the role that he was applying for, but was extremely persistent in order to do what he could to get the job. He started off in the in-group by doing whatever he could to meet with Shannon which eventually allowed him to receive the offer of a senior market specialist. He also began to develop good rapport with Frank and listened closely to the full description of responsibilities he was required to fulfill. Not too long after he started his role, Thomas began to slack a bit and it eventually upset Frank. Frank was mostly upset when Thomas called him out about not being able to reach certain sales forecasts for the coming year that he had proposed. It did not take long for both of them to begin banging heads with one another. Frank began to be come even more upset with Thomas after he would not tell him his location, goals or supply him with up to date information. After hearing the criticism from Frank Thomas began to continue do his own thing and became even more frustrated. Thomas spent a majority of his time complaining, instead performing his daily work activities. Thomas was more worried about the minor little details than focusing his time on the big picture. Thomas put himself in an out group when he would have been able to benefit the company in a much greater fashion by beingShow MoreRelatedThomas Green : Power, Office Politics And A Career Growth At The Corporate Headquarters Of Dynamic Displays1587 Words   |  7 PagesBusiness School Brief Case â€Å"Thomas Green: Power, Office Politics, and a Career in Crisis,† recently promoted Senior Market Specialist Thomas Green sought to achieve great career growth at the corporate headquarters of Dynamic Displays. Unfortunately, Green’s personality and work style were too dissimilar from manager Frank Davis’ expectations. As a result, Green is left with a career crisis where his ambitious career growth with Dynamic Displays may be stunted. For Thomas Green, a shift in his work styleRead MoreThomas Green Essay1336 Words   |  6 PagesThomas Green: Power, Office Politics, and a Career in Crisis Individual Case Analysis Kay Saeteurn BUSA 305-01 Dr. Catherine Pratt November 17, 2008 Thomas Green: Power, Office Politics, and a Career in Crisis Individual Case Analysis Power is the capability that A has to influence the behavior of B so that B acts in accordance with A’s wishes,[1] especially dependency power where a certain individual has something of importance, scarcity, and non substitutable, that another person seeksRead MoreCase Study Thomas Green: Power, Office Politics, and a Career in Crisis†907 Words   |  4 PagesProblem: In the case of â€Å"Thomas Green: power, office politics, and a career in Crisis†, it describes the dilemma of Thomas Green who works in a company called Dynamic Display. Thomas was recruited as an account executive, and then five months later, he was promoted as a Senior Market Specialist directly by the President Shannon McDonald. Thomas’s boss Frank Davis hadn’t expected to choose Green as the new senior market specialist, and he was very dissatisfied with Green’s work style and performanceRead MoreEssay about Thomas Green Case1081 Words   |  5 PagesDr. Premeaux Case Analysis Thomas Green: Power, Office Politics, and a Career in Crisis 1) What are the work styles and personalities of Thomas Green and Frank Davis? Thomas Green and Frank Davis use different working styles, and their personalities are also very different. When dealing with clients, Frank uses memos, proposals and also uses data to back up his proposals and give the client a better idea on what they are investing in. Thomas is more of a face to face to guy. He deliversRead MoreThomas Greene Paper1050 Words   |  5 PagesRunning head: THOMAS GREEN PAPER Thomas Green Paper Cotina Taylor Grand Canyon University-LDR 610 August 15, 2012 Thomas Green Paper A person’s success in the organization not only depends on his or her personality but it is also based on how well he or she resolves conflicts. To successfully manage interpersonal relationships in the corporate world the power and influential structures have to be understood within the organization. Developing effective work relationships can cause satisfactionRead Morethomas green Essay1050 Words   |  5 Pagesaccount executive, Thomas Green was directly promoted as the Senior  Market Specialist by the vice president of the company, Shannon McDonald, because of immense potential exhibited by him. However, Frank Davis, Green’s boss, did not intend to choose Green as the new senior market specialist. Green and Davis disagreed on work styles and market projections. Green believed that the sales goals set by Davis are based on creative accounting and he grossly overstated the existing market environment. A moodRead MoreAnalysis Of Thomas Green s A On The Company s H ierarchy And Neglected Opportunities That Could Have Emerged From Informal1276 Words   |  6 PagesQUESTION # 2 DREXEL ID # 13892116 Q.2 A. Thomas Green has portrayed a formalist structure in which he has focused too much on the company’s hierarchy and neglected opportunities that could have emerged from informal connections. He is also a biased leader, as he sought advice or shared his knowledge with other managers and his contacts from his previous job, which reinforced his biases instead of giving him a fresh or contradictory perspective. He also shows signs ofRead MoreThomas Green: Power, Office Politics, and a Career in Crisis4007 Words   |  17 PagesHBS Case Analysis Paper Thomas Green: Power, Office Politics, and a Career in Crisis A person’s success in an organization not only depends on his or her personality and ability, but also how he or she manages office politics and resolves conflicts. In order to successfully manage interpersonal relations within a corporate environment, one also needs to understand the power and influence structures in one’s organization. Failure to develop effective work relationships can cause job dissatisfactionRead MoreThomas Green Case Analysis2249 Words   |  9 Pagesï » ¿Thomas Green Case Analysis Executive Summary The primary problem in this case deals with a source of tension between two employees that have recently received promotions. There are various individual factors that may be a source of conflict that the case points to; however both parties need to look beyond their own personal perspectives in order to move towards the organizational goals. In the case of Thomas Green, he certainly has a lot of maturing to do before he is able to perform wellRead MoreThomas Green : Power, Office Politics, And A Career Essay978 Words   |  4 Pagesworkplace is as smooth as possible. In the Harvard Business School case â€Å"Thomas Green: Power, Office Politics, and a Career in Crisis,† Thomas Green, recently promoted Senior Market Specialist at Dynamic Displays faces a challenge when he and his direct manager, Marketing Director, Frank Davis, clash in their working styles. As a result of Davis’ loss of credibility and the clash of priorities between the two men, Green’s place at Dynamic along with his job security become tenuous. The first problem

Managing Profitable Customer Relationships Free Essays

Hardly Davidson has massive engines for motorbikes and has been known to have a friendly relationship with its customers. The company sponsors different motorbike events during which they are able to display modern bikes and their accessories. The brand name has a great reputation and has brought together riders and have welfare benefits for its members. We will write a custom essay sample on Managing Profitable Customer Relationships or any similar topic only for you Order Now The company has enhanced their rapport through regular communication through the internet. The riders have formed an international network attachment as well as local dealership to enhance their services. The company motivates its customers or riders by giving them pinstops which identify them with the company and so doing create pride of membership. Performance related programs on mileage for those enrolled leads to an advantage in terms of priority in accessing the best accessories for one’s bike. Harley company has been accepted in different countries and its members can rent and ride in countries such as Canada, Australia and the United States. The company has built a good reputation and has a great bond with its numerous customer needs. 1.   What are the key elements of Harley-Davidson’s efforts to build relationship with its customers? The key elements in Harley-Davidson are the involvement of customers in not being just customers but also being dealers. There is customer participation in events sponsored by the company. Membership creates a sense of belonging and enhances the attachment to the company while good communication through the internet connects the company to its customers. Presence of welfare schemes such as sponsorship to events and insurance services motivates the customers. 2.   Can you think of other companies that create such strong relationships with their customers? How do they do that? NASCAR which is the National Association for Stock Car Auto Racing has created a lasting customer relationship through a careful blend of live racing events, compelling web sites with information and entertainment, ensures ample security and organizes parties, cook outs and camps with family members. This creates a friendly environment that enriches the company-to-customer relationship. The Unilever company has created a good relationship through high standards of corporate behavior towards the employees, customers and the society. It is involved in community development activities and this extension of their services to the society attracts more customers. The company has also offered voluntary counseling and testing programs in support of the community. It has also set goals to evaluates the HIV/AIDS roadmap with strategic approaches to reaching out to its customers. A follow up plan for comprehensive care and treatment is organized so that customers are convinced that the company’s objective is to render them the service and the good gesture goes along way in maintaining a good relationship. Offering of medicines at subsidized rates has led to the growth of the company and the humanitarian activities have extended to the provision of health insurance covers. 3.   How else can Harley-Davidson build or deepen its relationships with its customers? Harley Davidson can deepen its relationship by offering medical checkups for the riders before and after an event, a welfare scheme for the member’s next of kin to participate   for future customers as well as training facilities for those aspiring to be good riders. Recommendation To enhance profitable customer relationships, it is important that there is customer involvement and participation in the activities of the company. A good rapport is enhanced through welfare schemes for members to cater for important services such as medical and insurance covers. Good communication between the two parties gives feedbacks and this helps the company in providing the best quality of service. Reference: Paul G.R. Up Close and Personal?: Customer relationship. Don Peppers, Martha Rogers. Managing Customer Relationship. Stanley A.B Customer Relationship Management    How to cite Managing Profitable Customer Relationships, Essay examples

Profile Of Senator Richard Lugar Essays - , Term Papers

Profile of Senator Richard Lugar The following report will attempt to provide a brief, yet concise policy profile of Indiana Republican Senator Richard Lugar. Beginning with a short biographical review, the profile will proceed and concentrate on Senator Lugar's major areas of public policy concern; Foreign Affairs, Agriculture, and in part, his 1996 Presidential Campaign which encompasses a myriad of issues, both foreign and domestic. It would be impossible to include every aspect of Senator Lugar's political career and personal life within the scope of this paper. Instead, emphasis will be placed on the most important and critical points of his tenure in American politics, at the federal level. However, in the conclusion of this text a rational explanation will be offered to give insight concerning Senator Lugar's motivations and tendencies to act in the way he does. Biographical Background Richard Green Lugar was born in Indianapolis, Indiana, on April 4, 1932. Attending Shortridge High School he excelled academi cally and was the class Valedictorian. After graduation, Dick Lugar (as he is commonly known) attended Denison University, in Ohio, and met his future wife Charlene Smeltzer. In 1954 Lugar received his degree from Denison and went on to be a Rhodes Scholar at Pembroke College on the campus of Oxford University, in England. Richard and Charlene were married in September, 1956, and now have four sons and six grandchildren. After completing studies at Oxford, Dick Lugar went to the American Embassy in London, England and promptly enlisted in the Navy as an intelligence briefer and was responsible for giving intelligence reports to 'high brass', including the President of the United States, Dwight D. Eisenhower. Along with Senator Lugar's political achievements, he has occupied positions in the private sector, as well as a stint in the United States Navy. As a young man Richard Lugar worked at, and managed the family businesses, a farm, and a food machinery firm started by his Grandfath er over 100 years ago, Thomas L. Green Both are located in the Indianapolis area. In 1964, Lugar obtained his first political office with the Indianapolis School Board. He then went on to win the Mayoral bid in 1968, and served two terms at the head of city government in Indianapolis. Senator Lugar's next stepping stone in politics would be a failed attempt for the office of United States Senator in 1974, losing to incumbent Birch Bayh, father of the current Indiana Governor, Evan Bayh. Suprisingly, Lugar lost the election by only 75,000 votes, quite an accomplishment considering the incumbency factor. Lugar ran for the Senate again in 1976 and captured the seat from Democratic incumbent Vance Hartke. Senator Lugar has since been reelected two times (in 1988, he won by an overwhelming 68% percent of the total vote) and is currently in the midst of a campaign for President of the United States where he faces eight other challengers for the Republican nomination. Other achievements by Lugar that are worth mentioning are: His selection to the vice-presidency of the National League of Cities in 1970. He was appointed chairman, of the Republican Senatorial Campaign Committee for the 98th Congress. Served as chairman for the Senate Committee on Foreign Relations from 1985 to 1987. He is currently the chairman of the Senate Committee on Agriculture, Nutrition, and Forestry. Senator Lugar also serves on the Senate Select Intelligence Committee, and Foreign Affairs sub-committees; Western Hemisphere and Peace Corps Affairs, International Economic Policy, East Asian and Pacific Affairs, Trade, Oceans and Environment. (101st, 486-489; 102nd,485-488; Directory,1399; Miller, 95') Foreign Affairs Senator Richard Lugar is acknowledged to be one of the pre-eminent national leaders in the realm of foreign policy. Some have even claimed that he is in reality a "shadow Secretary of State", being recognized around the globe for his involvement with international politics. Lugar's involvement and membership to key Senate Foreign Affairs sub-committees, and being the chair of the full committee for one session of Congress shows his willingness and diligence to be involved in this policy area. Note, however, Senator Lugar was forced out of the chairmanship and did not voluntarily leave. (101st Congress, 486) Lugar has four principle premises for good foreign policy. They are as follows: * "

Becket

Becket Becket Essay Have you ever heard the phrase opposites attract? Have you ever experienced it for yourself? In the case of Thomas Becket and King Henry II, this phrase was a very accurate reality. King Henry was very spontaneous and irrational in his decisions for the well being of England. He relied significantly upon Thomas Becket for knowledge and guidance in situations of both importance and irrelevancy for the welfare of his country. Becket, on the other hand, did not give the impression of reliance upon Henry at all. Since their first encounter, Henry had been mystified by Becket's outlook on life and his passiveness and assurance. Although their characters give the impression to be in no way similar, their reliance upon one another is very powerful and yet extremely surprising. Becket becomes resilient to Henry's irrationalities and eccentric attitude in situations and looks past his weaknesses to show him his strengths and possibilities of being useful in life.Altar marking the spot of Thomas Becket's martyrdo...King Henry II is a very influential and imposing man. He has an extremely short temper and has absolutely no patience when it comes to ignorance. He exemplifies this with his actions toward his wife and mother after Becket has left. He becomes irate and will not listen to anyone. From when they first met, Henry was incredibly reliant upon Becket and his knowledgeable solutions to his problems and frustrations. Henry easily becomes bored with life and all the people things around him. He is not emotionally content, and Becket helps him to find satisfaction out of his life and role and duty as King England. Becket gives Henry a sense of worth and confidence, and Henry relishes the feeling. Most of Henry's decisions are to make himself feel better and Becket tries to make him realize that he can...

Human Liver Anatomy and Function

Human Liver Anatomy and Function The liver is an important vital organ that also happens to be the largest internal organ in the body. Weighing between 3 and 3.5 pounds, the liver is located in the upper right area of the abdominal cavity and is responsible for hundreds of different functions. Some of these functions include nutrient metabolism, detoxification of harmful substances, and protecting the body from germs. The liver has a unique ability to regenerate itself. This ability makes it possible for individuals to donate part of their liver for transplantation. Liver Anatomy The liver is a reddish-brown organ that is located below the diaphragm and superior to other abdominal cavity organs such as the stomach, kidneys, gallbladder, and intestines. The most prominent feature of the liver is its larger right lobe and smaller left lobe. These two main lobes are separated by a band of connective tissue. Each liver lobe is internally composed of thousands of smaller units called lobules. Lobules are small liver segments containing arteries, veins, sinusoids, bile ducts, and liver cells. Liver tissue is composed of two main types of cells. Hepatocytes are the most numerous type of liver cells. These epithelial cells are responsible for most of the functions performed by the liver. Kupffer cells are immune cells that are also found in the liver. They are thought to be a type of macrophage that rids the body of pathogens and old red blood cells. The liver also contains numerous bile ducts, which drain bile produced by the liver into larger hepatic ducts. These ducts join to form the common hepatic duct. The cystic duct extending from the gallbladder joins the common hepatic duct to form the common bile duct. Bile from the liver and gallbladder drain into the common bile duct and are delivered to the upper portion of the small intestines (duodenum). Bile is a dark greenish or yellow fluid produced by the liver and stored in the gallbladder. It aids in the digestion of fats and helps eliminate toxic wastes. Liver Function The liver performs a number of vital functions in the body. A major function of the liver is to process substances in the blood. The liver receives blood from organs including the stomach, small intestines, spleen, pancreas, and gallbladder through the hepatic portal vein. The liver then processes, filters, and detoxifies the blood before sending it back to the heart via the inferior vena cava. The liver has a digestive system, immune system, endocrine system, and exocrine functions. A number of important liver functions are listed below. 1) Fat Digestion A key function of the liver is the digestion of fats. Bile produced by the liver breaks down fat in the small intestines so that it can be used for energy. 2) Metabolism The liver metabolizes carbohydrates, proteins, and lipids in the blood that are initially processed during digestion. Hepatocytes store glucose obtained from the break down of carbohydrates in the foods we eat. Excess glucose is removed from the blood and stored as glycogen in the liver. When glucose is needed, the liver breaks down glycogen into glucose and releases the sugar into the blood. The liver metabolizes amino acids from digested proteins. In the process, toxic ammonia is produced which the liver converts to urea. Urea is transported to the blood and is passed to the kidneys where it is excreted in urine. The liver processes fats to produce other lipids including phospholipids and cholesterol. These substances are necessary for cell membrane production, digestion, bile acid formation, and hormone production. The liver also metabolizes hemoglobin, chemicals, medications, alcohol and other drugs in the blood. 3) Nutrient Storage The liver stores nutrients obtained from the blood for use when needed. Some of these substances include glucose, iron, copper, vitamin B12, vitamin A, vitamin D, vitamin K (helps blood to clot), and vitamin B9 (aids in red blood cell synthesis). 4) Synthesis and Secretion The liver synthesizes and secretes plasma proteins that act as clotting factors and help to maintain proper blood fluid balance. The blood protein fibrinogen produced by the liver is converted to fibrin, a sticky fibrous mesh that traps platelets and other blood cells. Another clotting factor produced by the liver, prothrombin, is needed to convert fibrinogen to fibrin. The liver also produces a number of carrier proteins including albumin, which transports substances such as hormones, fatty acids, calcium, bilirubin, and various drugs. Hormones are also synthesized and secreted by the liver when needed. Liver-synthesized hormones include insulin-like growth factor 1, which aids in early growth and development. Thrombopoietin is a hormone that regulates platelet production in bone marrow. 5)Immune Defense The K​upffer cells of the liver filter the blood of pathogens such as bacteria, parasites, and fungi. They also rid the body of old blood cells, dead cells, cancer cells, and cellular refuse. Harmful substances and waste products are secreted by the liver into either the bile or the blood. Substances secreted into bile are eliminated from the body through the digestive tract. Substances secreted into the blood are filtered by the kidneys and excreted in urine.

Dr.Jekyell and Mr. Hyde Essay Example | Topics and Well Written Essays - 500 words

Dr.Jekyell and Mr. Hyde - Essay Example In such narratives, a character is divided â€Å"into two distinct, usually antithetical personalities† (Sosnoski 121). This observation becomes highly relevant in this context as Dr. Jekyll and Mr. Hyde, if they are interpreted according to basic essence of their character, entirely from the social perspective it becomes clear that they are antithetical. However, mastery of the narrative lies in the fact it has successfully been able to establish, especially with support of psychological interpretation that beneath layers of apparently furnished and sophisticated existence, there always lays a cruel and heinous self that everyone keeps suppressed. Dr. Jekyll, on one hand, while through his scientific experiments, is keen on explore his brutal and wild nature, the murky side of his existence, on the other, he is equally scared of the truth that once that wilderness in him is unleashed as Mr. Hyde, he would lose control over him. Thus, in order to control himself he asks for help from Dr. Lanyon: â€Å"Confident as I am that you will not trifle with this appeal, my heart sinks and my hand trembles at the bare thought of such possibility† (Stevenson 53). There is no denial of the fact that Dr. Jekyll has sufficient intellect to realize consequences of his deed but he always had a tremendous desire to enjoy â€Å"an honorable and distinguished future† (Stevenson 60). This very lust has acted as the main impetus to defy his consent and continue with his scientific experiments to create Hyde out of him. While he enjoyed being a respected member of the society, he also was highly enthusiastic to enjoy his primitive sel f and in both these context he has remained honest to equal extents: â€Å"Many a man would have even blazoned such irregularities as I was guilty of; but from the high views that I had set before me, I regarded and hid them with morbid sense of shame. †¦ the exacting

Biodiversity of the Pacific Islands Essay Example | Topics and Well Written Essays - 750 words

Biodiversity of the Pacific Islands - Essay Example The wildlife trade is one factor in this decline, particularly an improvement in transport facilities has made it possible to ship animals and plants and products derived from them anywhere in the world. Wildlife trade is a highly profitable business and involves a wide variety of species with millions of animals and plants traded each year to supply the demand for pets, ornamental plants, furs, skins, leather and timber, and articles manufactured from these materials. Incredibly, the wildlife trade is second, in monetary terms, only to the drug trade, and perhaps the arms trade. The annual average trade in wildlife products is estimated at around five billion US dollars.   The Impact of Deforestation   The effects of deforestation are quite evident all across the Pacific islands and indeed across all world cultures. However, perhaps the area which is most devastated is the island of Papua New Guinea. Current estimates of forest destruction are hard to come by but in the late 1980's the forest was being lost at a rate of 21,000 - 22,000 ha per year (Hurst, 1990; Mullins, 1994). Forest product production has increased from 300,000 cubic meters in 1969 to over 1.7 million cubic meters in 1989. Most of these exports are in the form of logs, so Papua New Guinea misses out on any "value added" component that would result if timber were milled locally. Foreign investors, mainly Japanese, Malaysian, Korean, and Chinese, dominate the timber industry. In the late 1980's local timber companies only had rights to one-fifth of the available logging concessions (Barry, 2000).   The Pacific forests are rich in wildlife. Placental mammals, marsupials, birds, and reptiles abound. Doubtless, there are a lot of species that have not yet come to scientific attention. There are 650 species of birds, 500 of which are confined to the forests (Hurst, 1990).

Determining factors of national advantage

Determining factors of national advantage Porter introduced a model that allows analyzing why some nations are more competitive than others are, and why some industries within nations are more competitive than others. Determining factors of national advantage has become known as Porters Diamond. Four determinants are distinguishes below:- 1. Factor Conditions Factors can be grouped into human resources like -skilled and qualified labor, labor cost, commitment etc., natural resources, knowledge resources, capital resources, and infrastructure. Porter points out that these factors are not necessarily nature-made or inherited. They may develop and change. Political initiatives, technological progress or socio-cultural changes, for instance, may shape national factor conditions. To established the retail industry in UK almost the same factor conditions work for ASDA and TESCO. Both have skilled workforce and sophisticated infrastructure, skilled human resources or a scientific base, speed of creation, speed of upgrade, and degree of specialisation in retail industry. (http://www.themanager.org/Models/diamond.htm, accessed: 22nd Feb, 2010 2. Related And Supporting Industries A set of strong related and supporting industries is important to the international competitiveness of firms. This includes supplier and related industries. If local supporting industries are competitive, firms enjoy more effective and innovative inputs. Internationally competitive home-based suppliers create advantage in downstream industries through superior inputs, co-ordination in the value chain and innovation and upgrading. The competitiveness of retail industry is benefit from the local industries, local producers and local farmers. ASDA and TESCO are both selling almost similar items like Grocery, Fresh, Wine, Clothing, Phone accessory, Electronic goods. We can see both retail company-ASDA and TESCO has a good supply chain with their local Industries, local Producers, local Farmers and foreign suppliers. 3. Firm Strategy, Structure, and Rivalry The context of characteristics of firm strategy, structure and rivalry in different countries also helps explain bases of advantage. The conditions in nation governing how companies are created, organized, and managed, as well as the nature of domestic rivalry. TESCO implement a clear cost leadership strategy, as market leaders they benefit heavily from economies of scale. The introduction of their own brand allowed the company to cut their costs and increase their profit margins. Toscos current strategy is very much one of growth. Depend on the feature aimed at the high street consumer TESCO offering different categories shop and services- In Tescos Extra stores here are over 15,000 of their own brand products. Customer can buy any product in cheaper price. Tesco Extra stores, selling not just food, like other supermarkets. Tesco Metro was introduced. This was a feature aimed at the high street consumer while offering the benefits of a large supermarket. Tesco Express in essence a petrol station with a small Tesco store onsite. This offered customer convinces products i.e. bread, milk and essential grocery items. Tesco Direct The recent interim results show how Tescos non-food products have made good progress. Tescos Direct will offer the vast range to anyone with computer access. Telecommunications Tesco launched an ISP service back in 1998, but have invested more heavily in this field since 2003. Tescos mobile is in an association with O2 and their ADSL package with NTL. Personal Finance Tesco Personal Finance displays to the extent the corporation is diversifying, now moving outside the retail sector. (http://www.tesco.com, accessed: 22nd Feb. 2010) When we look at the ASDA‘s main strategy is bit same as TESCO-is the ability to keep costs low and pass that on to customers in lower prices. All the ASDA stores have largely accommodated similar with TESCO EXTRA, have the ASDA Direct, George for clothing, Groceries and Financial services. But ASDA dont have the store like Tesco metro or Tesco Expess where Tescos current strategy is very much one of growth. UKs retail industry such Sainsburys, Marks Spencer, Morrisons, Waitrose and so on are the good example of domestic rivalry of Tesco and Asda. 4. Demand Conditions: The shaping of particular factor conditions is influence by demand condition. Porter state that home demand is determined by three major characteristics-the mix of customers needs and wants, their capacity and expansion rate, and the mechanisms that send out domestic preferences to foreign markets. He also states that if home demand provides clearer and earlier signals of demand trends to domestic suppliers than to foreign competitors ,a country can achieve national advantages in an industry or market segment, Enormous demand and high quality desires in retail industry in UK in resulted TESCO and ASDA to produce high quality products. Reference: Michael Porter,The Competitive Advantage of Nations, 1990. Prentice Hall, Exploring Corporate Strategy, 7th edition. http://www.asda.co.uk http://www.tesco.com http://www.themanager.org/models/diamond.htm

Individual assignment

This assignment is to be done individually. This means that you are required to answer the questions in the assignment on your own. The purpose of the assignment is to help you become more familiar with pricing options, using a specifically designed piece of software. The pricing of options is a very technical area, and most of us do not have the technical expertise to price options from first principals. Therefore in your working lives, if you do need to price options, then it will most likely be done for you via software.The software we will be using is called ‘Derivable', which has been specifically developed for the Hull et al (2014) textbook. You can download the software from the Model unit site under the ‘Additional Resources' section. Software Installation Installation instructions for the Derivable software are quite straight forward. Please follow these simple steps. Step 1 . Go to the BIFF 5 Model site, under ‘Additional Resources' Section, click on the D erivable software and download the file ‘Derivable. Zip'. Step 2. Double-click on the Derivable. IP file to bring up the Winzip utility program. Step 3. In the Winzip utility program, on the ‘Home' tab, there should be a button labeled ‘I-click Unzip'. Press on the ‘I-click Unzip' button. The compressed files directories and folders should then be extract. Once Winzip has completed the extraction, then close the Winzip program. Step 4. There should now be a folder in your directory named ‘Derivable'. Drill down through the Derivable folder until you come to the list of files; The only file you need to be concerned with for the Assignment is ‘JUDGE . XSL'. Step 5.Double-click on file ‘JUDGE . XSL'. This should bring up your Excel application aerogram with the JUDGE . XSL spreadsheet. If you look in the ‘readmes. Txt' file that is located in the same directory as the JUDGE . XSL file, it will tell you the versions of the Excel program th at Derivable will work with. If you are not using any of these versions of Excel then you will need to get access to one of them in order to do the assignment. Step 6. Once you have opened the ‘JUDGE . XSL' program in Excel, that final step you need to perform is to ensure that Excel has ‘Enabled Macros'.This will allow the Excel program to use the Visual Basic for Applications (ABA) code on which Derivable is eased. If you are using Excel 2010, the enable macros should appear as a ‘strip' across the top of your spreadsheet when you first enter the JUDGE . XSL program. You just need to press the enable button. If you a later version of Excel you will need to go to the macro security settings and enable the macros. Once you have enabled the macros, Derivable will be available for use. Step 7: Click on the Excel spreadsheet tab ‘Equity_FIX_landed_Futures_Options'.This is the only spreadsheet you will need to complete the assignment. Format of Assignment and sub mission requirements: The assignment consists of seven questions. You should attempt all questions. Responses to the questions should be presented according to the Q Manual. The Q Manual provides guidelines on the presentation of submitted materials. Submission of the assignment will require both an electronic submission AND a hard copy submission: The submission of an electronic copy can be done via Model (further technical details will be provided prior to the submission date. The submission of a physical hard copy will be done via a designated assignment box located in the 3rd Floor Foyer of Building H. Further details to be provided closer to the submission date. ) ASSIGNMENT QUESTIONS Please note: Most, but not all of the material needed to answer these questions will be covered in lectures. You are postgraduate students so it is expected that you will be able to seek out the material necessary to complete the questions using your own initiative. All information is available wi thin the textbook, even though it may not all be covered in lectures.IQ . Use Derivable to calculate the value of an American put option on a non- dividend-paying stock when the stock price is USED 30, the strike price is USED 32, the sis-free rate is 5%, the volatility is 30% and the time to maturity is 1. 5 years. (Choose ‘Binomial American' for the option type and 50 time steps. ) (See Chapter 9 for supporting theory and materials) a) What is the option's intrinsic value? B) What is the option's time value? C) What would a time value of zero indicate? What is the value of an option with zero time value? ) Using a trial and error approach, calculate how low the stock price would have to be for the time value of the option to be zero. (use 50 and 500 time steps) Q. Consider an option on a stock when the stock price is $41, the strike price is $40, he risk-free rate is 6%, the volatility is 35% and the time to maturity is one year. Assume that a dividend of $0. 50 is expected after six months. (See Chapter 10 for a) Use Derivable to value the option assuming it is a European call. B) Use Derivable to value the option assuming it is a European put. ) Verify that put-call parity holds. D) Explore, using Derivable, what happens to the price of the options as the time to maturity becomes very large. For this purpose, assume there are no dividends. Explain the results you get. Q. Suppose that the price of a non-dividend-paying stock is $32, its volatility is 30% ND the risk-free rate for all maturities is 5% per annum. Use Derivable to calculate the cost of setting up the following positions. In each case provide a table showing the relationship between profit and final stock price. Ignore the impact of discounting.Each table should have two columns, ‘Stock Price Range' and ‘Profit' (See Chapter 11 for supporting theory and materials) a) a bull spread using European call options with strike prices of $25 and $30 and a maturity of six months b) a b ear spread using European put options with strike prices of $25 and $30 and a ) a butterfly spread using European call options with strike prices of $25, $30 and $35 and a maturity of one year d) a butterfly spread using European put options with strike prices of $25, $30 and e) a straddle using options with a strike price of $30 and a six-month maturity f) a strangle using options with strike prices of $25 and $35 and a six-month maturity. Q. Consider a European call option on a non-dividend-paying stock where the stock price is ADD 40, the strike price is ADD 40, the risk-free rate is 4% per annum, the volatility is 30% per annum and the time to maturity is six months. See Chapter 12 for supporting theory and materials) a) Calculate , and for a two-step tree b) Value the option using a two-step tree. C) Verify that Derivable gives the same answer. D) Use Derivable to value the option with 5, 50, 100 and 500 time steps. Q.Consider an American call option when the stock price is $18 , the exercise price is $20, the time to maturity is six months, the volatility is 30% per annum and the risk- free interest rate is 10% per annum. Two equal dividends of 40 cents are expected during the life of the option, with ex-dividend dates at the end of two months and five months. Individual Assignment As stated earlier IM has been a significant tool in trading and commerce since the beginning of time. However what sets an organization apart is its ability to hangs data into information as efficiently and cost effectively as possible. Before we tackle this issue, defining data and information is important for the sake of understanding the context they will be used. Data is defined by O'Brien (2003) as raw material resources that are processed into finished information products. Information is data that has been converted into meaningful and useful context for specific end users (O'Brien, 2003).Hence, it is safe to say that data becomes information when value is added to it either through organizing, analysis and evaluation and placed in the correct context or the end user. If this statement is true then we can deduce that the better the organization is at completing the above process, then the more effective it is, and if it can streamline this process enough to provide the end use r with a service or product that they are willing to pay for, it will have increased its competitiveness (Gabon, 2008).For instance, a car manufacturer that assembles luxury cars wants to increase the effectiveness of their organizational system. They would start by looking at each component of the organization highlighting areas in which they can improve on quality, control and cost. In manufacturing they might want to introduce an Operating Support System (ASS) which is specific about the requirements at the plant to complete assembly of a car. The data inputted into the system requires that the inputted be specific about supplies, number of hours worked, number of people required to work on a particular car or day etc.The system will process and store the data for the next user, in a form that they will understand. Here the organization may look at the improvement of its networking system as access of the information is made easier and faster with the use of the intranet (O'Brien , 2003). Other elements that will add value to this process, thereby giving context to the next user is the compilation of relatable data such as energy usage, space required, reputable suppliers, financing and human resources.These might be inputted by other systems within the organization such as the Supply Chain Management Systems (SCM), with the use of the extranet (O'Brien, 2003). The data is then stored in the relevant database until it is required by the next user. A combination of the data can be transformed into information that is used in marketing of the cars manufactured, or can be used in the ordering and distribution of sources such as parts (doors, seats, trees) and land allocation or money for infrastructure development.This process of transformation can also be used as a control measure, when targets of the different organizational components are reviewed, or the quality or accuracy of the initial data may require verification and correction. Once the data has been transformed the information/ product can then be disseminated to the end user, in this example the car is sold to the customer. A Customer Relationship Management System (CRAMS) can collect data for feedback purposes or for customization of the car, depending on when the data is used.In essence a cycle is created and smooth flow of information from one component to the next increases the effectiveness and the competitiveness. These processes and systems aid in reduction in time wastage, an expensive commodity, where traditionally the organization might have had to compile the data physically, taken days to analyses it to find trends and pass it on to the different departments or components. In the process things might be delayed or incorrect, compilation could also involve travel costs in cases of the manufacturer having more than one assembly plant.The information from appliers would require making multiple phone calls for quotations or back and forts as prices are negotiated. All these are examples of costs that would be transferred to the customer. Quality of the information could be compromised depending on the control of data collection and transformation, leading to substandard parts being used resulting in a hazardous product that might not meet specifications, hence resulting in the product being described as a right-off or loss.The wrong customer information could lead to the wrong car being delivered to the wrong person, which could lead to customer dissatisfaction and inconveniences. Or storage of the information could lead to losses in customers, suppliers and credibility in the industry. As the organization implements the use of IS for information management it starts to optimize all its processes, thereby meeting Porters analysis of the value chain (Gabon, 2008) where streamlining input, processing and output leads to larger profit margins. Whilst at the same time satisfying Shih's measure of organizational effectiveness.In conclusion, if an orga nization successfully integrates the use of information systems as a means of information management, the benefits are multiple and extensive if done correctly. Obviously, if the organization introduces information systems but does not train staff on how to use it, or does not implement control measures in the input of the data the information gathered will not only be inaccurate but will lead to misinformation leading to lack of optimization, therefore reducing effectiveness and competitiveness(Gigs).Hence, the organization has to be fully committed to the implementation of the information systems as a means of improving its methods of information management, otherwise it will fall short. Interaction between the different components of the organization (through intranet), as ell as with outside entities, such as suppliers (extranet) and customers/ end users (internet) needs to be as smooth as possible. Of course, there will be instances of downtime, however how these are dealt with also improves the overall effectiveness of the organization and can translate into an increase in competitiveness.References 1) O'Brien, J. A. (2003) Introduction to Information Systems: Essentials of the E- business Enterprise. 1 lath Edition. International edition: McGraw-Hill Irwin. Boston 2) Gigs, W. (†¦ ) Demand median effectiveness versus organizational efficiency. Http://smelliness's. Churn. Com/organizatioorganizational Effectiveness Vs.. Organizational Efficiency 3) Gabon, M. (2008) Measuring company level competitiveness in Porter's Diamond model framework. HTTPS://ideas. Repel. Org/h/peak/suffer/149-1 58. HTML b) Discuss various e-business strategies that can be implemented for competitive advantage. (25) Over the years due to stiffer competition, growing global markets and a rise in more tech savvy consumers, the e- business has had to restructure the way they conduct business. With more and more people having access to the internet, it has become advantageous for e-businesses to conduct business online, hence, the growth in numbers of -businesses. E-business has been described as conducting business via the internet.It is not limited to just buying and selling but also the servicing of customers and the collaboration with suppliers (O'Brien, 2003). The demand for instant or efficient services, which are also affordable and custom-made, in some instances, has driven e-businesses to implement strategies that counter forces such as competition, customer bargaining supplier bargaining, threat of substitutes and the threat of new entrants (O'Brien, 2003). It is through the implementation of effective strategies to curb or reduce these actors that the e-business can increase its competitive advantage.This assignment will debate various e-business strategies and will highlight how their implementation leads to competitive advantage. Before we look at the strategies that can be implemented and how, it is important to clarify what a strategy is. Stra tegy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain competitive advantage (Belabored et al, 2011 Therefore e-business strategy would then be strategy as it applies to the e-business model.Another term that needs unpacking is competitive advantage as this will illuminate to what end the strategy is adopted. When the e-business implements a strategy that competitors are unable to duplicate or find too costly to imitate then it is said to have a competitive advantage (Belabored et al, 201 1). Hence, we can deduce that when online businesses adopt systems that streamline and enhance their operations and knowledge base with the result of creating a seen. ‘ice or product that is unique, in some way, gives that business an advantage.An effective way of e-business strategy implementation is through the adoption f a more strategic information management, in other words, information systems that allow the provision of a ser vice or product that industry competitors cannot provide. When it comes to implementation of the strategic information management system in e-businesses, there are several points within the value chain where the strategy can be adopted so as to improve the end product/ seen,'ice namely at Customer Relationship Management (CRM), Supply Chain Management (SCM), Enterprise Resource Management (ERM) (O'Brien, 2003).Therefore, the focus is on the strategic adoption of cost leadership, alliances, innovations and differentiation of the ND product or service (O'Brien, 2003) using information management systems. It is important to note that e-businesses are likely to use a combination of the strategies to gain competitive advantage; however, the examples below will try and place their implementation in isolation, in an attempt to illustrate how they work to increase competitive advantage.E- businesses are using strategic information systems at different organizational levels to improve the ma rgins in their value chain (O'Brien, 2003) as this enables them to deal with the ever changing markets, keeping them relevant ND competitive. For instance, Symbolizing, a locally based e-business that facilitates the purchase of groceries online and offers delivery to your doorstep, or nearest postal outlet in remote areas, has adopted an alliance strategy that enables the organization to service a niche market.The cost of delivering the groceries themselves would have been too high and would have resulted in an increase in the cost of service for the customer. However, through the strategic alliance with Compost, Symbolizing is able to offer the service to a wider range of clients as they can promise to deliver to almost nowhere countrywide as long as there is a post office. Through this alliance Zoning is able to continue doing business at a sign efficiently lower price, whilst at the same time offering a unique service to the Diaspora market that competitors are unable to duplica te.Another strategy an e-business could adopt to improve its strategic information system through innovation is by introducing a support system that plugs into the Customer Relationship Management system already in place. For example, if an e-business that offers security and tracking services for vehicles, also introduces a call centre agility, which the customer can access through the navigation system in the vehicle to ask for clearer navigation instructions or other services such as remote unlocking of the vehicle in the event that the owner has locked the keys in the car.This would give the business a competitive advantage as they have created a service that adds value to an existing one but is unique to them alone. In the same example if the navigation system or tracking system could inform the customer that it requires an update and when the customer makes a payment the system updates using hotshot access. The convenience f this ensures that the customer is locked-in, and wil l not look elsewhere for the same services.Strategic flexibility, which is capabilities used to respond to various demands and opportunities existing in a dynamic and uncertain competitive environment (Belabored et alarm 2011), improves e-business agility, which is its ability to post above average returns in an ever changing dynamic environment, due to quick responses to changes in the environment (O'Brien, 2003), as shown by an e-business that ensures that continued research, learning and training improves its service offering such as hospital in India hat specializes in the performance Of hip and knee replacements and diagnoses and recruits their patients online through a series of consultations, which are free, resulted in their opening up their client base to include people from all over the world.They have a support system that follows up on patient care which assists in referrals, as patients share their experiences with others with similar ailments. The hospital no longer wa its to patients to come to India, it has brought Indian state of the art healthcare to the global market online. Omen Inc. As illustrated by Cyprian (2003) adopted the growth strategy wrought the introduction of an online design room, which both designers and customers use to design, order and purchase customized faucets. The information system integrated the CRM and the SCM systems to produce a new product offering. They not only expanded their customer and supplier base they expanded their product lines. Individual Assignment Also, we had reviewed the different data flow that would function and Improve the proper handling between Ordain and their plants, and which would ensure the best relationship between each department. It would Improve the communication In Ordain Manufacturing and, thus. Save time and money after it is finally implemented. Security Controls Security and secure ways of doing business should always be an most level of concern in any project.Security Is primarily handled and managed by the operations group, which is the same staff that is responsible for operating in installing security intros and functions such as, Intrusion Protection Systems, Intrusion Detection Systems, firewalls, and recovery and routine backup operations. Yet, this system developers also share responsibility when it comes to security, especially when it's inside the IT and information systems. The application architecture should be run on Linux/Null-based server or Windows 7 Server Edition.Any additional software o r programs that would later be needed could be programmed in-house as a development project. Interfaces: â€Å"Interface design is the process of defining how the system will interact with external entities, e. G. Customers, suppliers, other systems† (Dennis, Wisdom, ; Roth, 2009). System interfaces require a high level of security because they are well capable of exchanging different information with other information systems. Password requirements can achieve a high level of security by themselves, and are considered secure methods to manage employee files, private and confident documents, or company tax records.Password requirements also help prevent internal security threats, like employees trying to access another employee's computer. Network: one recommendation this consultant has is incorporating a database that is accompanied and would be accessible only via a PLAN (Virtual Local Area Network). This allows a trusted employee to update, view, and modify if necessary so me basic level information that would be subject to confirmation bias supervisor or other payroll clerk.Access such as this would definitely require the use of a password and surname for security methods. Also, methods of security that would be of a most level would be the three factor authentication method, which would be: surname with password and also a fingerprint scan. Also, the third-party organizations that handle Radian's employee's benefits, like their workers compensation and health infinite, should be audited every year for the purpose of com edited this and accuracy, and this would also ensure the most correct processes within Ordain.Physical Data Flow Diagrams Implementation designs and decisions describe how an information system will work, and one has to know this before designing application logic of the information system. The physical data flow diagrams of this information would show all the details including, but not limited to, the data stores that refer to the d atabase tables and the files, the human actions or programs that perform the processes, as well as he physical transfer media for those data flows. If one maintains a proper in clear implementation, it will always provide the services that you will expect with complete and accurate results.Ordain wants to resolve the additional issues regarding the implementation and processes of the final changes, as soon as possible. There will be a meeting next week to discuss this very issue, and this author will work as hard as possible to ensure that all this companies needs will be satisfied and met, and in secure and safe manner as well. Conclusion It has been shown, by the data flow diagrams as well as the basis of this report, that whatever issues had plagued the Human Resources Department, it can be fixed References Systems Analysis and Design, 4th Edition. Individual Assignment Individual Assignment Topic: Apply your understandings of financial statements, working capital management, financial planning to identify, analyze, and propose solutions to the problems presented in â€Å"Clarkson Lumber Company† case. Requirements: * Answer all the guideline questions. Support your answer with necessary calculations, forecasts, analysis†¦ * Summarize the problems and propose solutions for â€Å"Clarkson Lumber Company† based on your answers and analysis of the guideline questions.Assessments: * This is an individual assignment. Although you are encouraged to discuss the case with your lecturer and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total score is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format: use Arial 11; 1. 15 line spacing. * Deadline: March 31st, 2013Guideline questio ns: 1. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? (15 pts) 3. How attractive is it to take the trade discounts? (10 pts) 4. Do you agree with Mr. Clarkson’s estimate of the company’s loan requirements?How much will he need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarkson’s financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you approve Mr. Clarkson’s loan request, and if so, what conditions would you put on the loan? (15 pts) Individual Assignment Also, we had reviewed the different data flow that would function and Improve the proper handling between Ordain and their plants, and which would ensure the best relationship between each department. It would Improve the communication In Ordain Manufacturing and, thus. Save time and money after it is finally implemented. Security Controls Security and secure ways of doing business should always be an most level of concern in any project.Security Is primarily handled and managed by the operations group, which is the same staff that is responsible for operating in installing security intros and functions such as, Intrusion Protection Systems, Intrusion Detection Systems, firewalls, and recovery and routine backup operations. Yet, this system developers also share responsibility when it comes to security, especially when it's inside the IT and information systems. The application architecture should be run on Linux/Null-based server or Windows 7 Server Edition.Any additional software o r programs that would later be needed could be programmed in-house as a development project. Interfaces: â€Å"Interface design is the process of defining how the system will interact with external entities, e. G. Customers, suppliers, other systems† (Dennis, Wisdom, ; Roth, 2009). System interfaces require a high level of security because they are well capable of exchanging different information with other information systems. Password requirements can achieve a high level of security by themselves, and are considered secure methods to manage employee files, private and confident documents, or company tax records.Password requirements also help prevent internal security threats, like employees trying to access another employee's computer. Network: one recommendation this consultant has is incorporating a database that is accompanied and would be accessible only via a PLAN (Virtual Local Area Network). This allows a trusted employee to update, view, and modify if necessary so me basic level information that would be subject to confirmation bias supervisor or other payroll clerk.Access such as this would definitely require the use of a password and surname for security methods. Also, methods of security that would be of a most level would be the three factor authentication method, which would be: surname with password and also a fingerprint scan. Also, the third-party organizations that handle Radian's employee's benefits, like their workers compensation and health infinite, should be audited every year for the purpose of com edited this and accuracy, and this would also ensure the most correct processes within Ordain.Physical Data Flow Diagrams Implementation designs and decisions describe how an information system will work, and one has to know this before designing application logic of the information system. The physical data flow diagrams of this information would show all the details including, but not limited to, the data stores that refer to the d atabase tables and the files, the human actions or programs that perform the processes, as well as he physical transfer media for those data flows. If one maintains a proper in clear implementation, it will always provide the services that you will expect with complete and accurate results.Ordain wants to resolve the additional issues regarding the implementation and processes of the final changes, as soon as possible. There will be a meeting next week to discuss this very issue, and this author will work as hard as possible to ensure that all this companies needs will be satisfied and met, and in secure and safe manner as well. Conclusion It has been shown, by the data flow diagrams as well as the basis of this report, that whatever issues had plagued the Human Resources Department, it can be fixed References Systems Analysis and Design, 4th Edition. Individual Assignment Individual Assignment Topic: Apply your understandings of financial statements, working capital management, financial planning to identify, analyze, and propose solutions to the problems presented in â€Å"Clarkson Lumber Company† case. Requirements: * Answer all the guideline questions. Support your answer with necessary calculations, forecasts, analysis†¦ * Summarize the problems and propose solutions for â€Å"Clarkson Lumber Company† based on your answers and analysis of the guideline questions.Assessments: * This is an individual assignment. Although you are encouraged to discuss the case with your lecturer and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total score is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format: use Arial 11; 1. 15 line spacing. * Deadline: March 31st, 2013Guideline questio ns: 1. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? (15 pts) 3. How attractive is it to take the trade discounts? (10 pts) 4. Do you agree with Mr. Clarkson’s estimate of the company’s loan requirements?How much will he need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarkson’s financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you approve Mr. Clarkson’s loan request, and if so, what conditions would you put on the loan? (15 pts) Individual Assignment Individual Assignment Topic: Apply your understandings of financial statements, working capital management, financial planning to identify, analyze, and propose solutions to the problems presented in â€Å"Clarkson Lumber Company† case. Requirements: * Answer all the guideline questions. Support your answer with necessary calculations, forecasts, analysis†¦ * Summarize the problems and propose solutions for â€Å"Clarkson Lumber Company† based on your answers and analysis of the guideline questions.Assessments: * This is an individual assignment. Although you are encouraged to discuss the case with your lecturer and fellow students, you are required to write the report on your own. Any evidence of plagiarisms will result in a disqualification. * Your total score is 100 pts (answers to the guideline questions 60 pts, summary of the problems 10 pts, and proposed solution 30 pts) * Format: use Arial 11; 1. 15 line spacing. * Deadline: March 31st, 2013Guideline questio ns: 1. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? (5 pts) 2. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? (15 pts) 3. How attractive is it to take the trade discounts? (10 pts) 4. Do you agree with Mr. Clarkson’s estimate of the company’s loan requirements?How much will he need to finance the expected expansion in sales to $5. 5 million in 1996 and to take all trade discounts? (15 pts) 5. As Mr. Clarkson’s financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you approve Mr. Clarkson’s loan request, and if so, what conditions would you put on the loan? (15 pts)