Thursday, January 16, 2020

Hershey Company Essay

Abstract The Hershey Company, known until April 2005 as the Hershey Foods Corporation and commonly called Hershey’s, is the largest chocolate manufacturer in North America. Its headquarters are in Hershey, Pennsylvania, which is also home to Hershey’s Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, a subsidiary of his Lancaster Caramel Company. Hershey’s products are sold in about sixty countries worldwide. In addition, Hershey is a member of the World Cocoa Foundation. The company has been topped to 384, compared with the previous rank 404, in 2013 (CNN, 2013). This paper is going to show the company’s international environment, exams the strengths, weaknesses, opportunities and treats. After analyzing the strategic management for going abroad and competitive advantages, the author concluded that how the Hershey Company successes to offer the whole world’s happiness and what else can be down to move forward. Introduction to the Hershey Company The Hershey Company is the largest chocolate and confectionary product manufacturer in the North America Region. The Hershey Company Headquarters is located in Hershey, Pennsylvania founded by Milton Hershey. Milton S. Hershey in the late 1800s and the company has been a huge stimulation of growth for Hershey, Derry Township (THEHERSHEYCOMPANY, 2011). As the new millennium begins, The Hershey Company continues to introduce new products frequently and take advantage of growth opportunities through acquisitions. HERSHEY’S products are known and enjoyed the world over. In fact, the company market, sell and distribute our products in approximately 70 countries. The Hershey Company’s key market includes United States, Canada, Mexico, Brazil and China. As of year-end 2011, Hershey employed 13,800 people and had consolidated net sales of $6.08 billion (THEHERSHEYCOMPANY, 2011). Hershey’s slogan is bringing sweet moments of Hershey happiness to the world every day. Below are some of the Hershey Company’s popular brands: Hershey’s Chocolate Bar Almond Joy Kit Kat Hershey’s Kisses Reese’s Milk Duds Mr. Good bar Whoppers Hershey’s Mission â€Å"Our mission is to be a focused food company in North America and selected international markets and a leader in every aspect of our business. Our goal is to enhance our First position in the North American confectionery market, be the leader in U.S. chocolate-related grocery products, and to build leadership positions in selected international markets† (THEHERSHEYCOMPANY, 2011). Hershey’s Slogan is: Bringing sweet moments of Hershey happiness to the world every day. To the stakeholders, this means: delivering quality consumer-driven confectionery experiences for all occasions to customers; winning with an aligned and empowered organization while having fun to employees; building collaborative relationships for profitable growth with customers, suppliers and partners; creating sustainable value for shareholders; honoring our heritage through continued commitment to making a positive difference on communities (THEHERSHEYCOMPANY, 2011). Customers Full-time sales representatives and food brokers sell our products to our customers. Hershey’s customers are mainly wholesale distributors, chain grocery stores, and mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, department stores and natural food stores (THEHERSHEYCOMPANY, 2011). International Business Environment Analysis – SWOT Analysis 1. Strengths History and market share. The Hershey company exports to 60 different countries include Largest Distribution Network across North American  territory. According to market research firm Euromonitor International, the global confectionery market sits at $160 billion, and has grown at 5% annually the past five years. Meanwhile, the chocolate market in the United States is largely a two-horse race between Hershey (43%) and private company Mars, Inc. (31%). The next-largest competitor, Nestle, holds only a 6% U.S. market share (Markman, 2012). Various Products and Attractions. The Hershey has 120 years history of chocolate business. The Hershey Company develop various products such chocolate bars and bags, licorice and sugar candy, boxed chocolate, mints and gum, and specialized nutritional products. The Hershey Company has a number of Hershey’s Chocolate World attractions that provide consumers with the Hershey experience through interactive retail entertainment and merchandise. Key store locations include Hershey, Pennsylvania; Times Square in New York City; The Magnificent Mile, Chicago; Niagara Falls, Canada; Shanghai, China; Singapore; and Dubai, United Arab Emirates (THEHERSHEYCOMPANY, 2011). Professional Training for Employees. Hershey provides a variety of training and development opportunities that encourage their employees’ personal and professional development. Hershey University is an educational program that tailors its curriculum to Hershey’s evolving business environment, offering both classroom instruction and online courses. In addition, when specifically relevant to their jobs, employees may be entitled to tuition reimbursement for associate’s, bachelor’s and master’s degrees at accredited institutions. Also, in July 2011 we launched CocoaLinkâ„ ¢, a first-of-its kind program that uses mobile technology to deliver practical—and critical—agricultural and social training to rural cocoa farmer s (THEHERSHEYCOMPANY, 2011). Charity and social responsibility. Hershey is an exemplary organization in terms of business ethics and socialresponsibility; a significant part of Hershey Food’s profits go toward operatingthe Milton Hershey School for Orphaned Children. 2. Weaknesses Unhealthy Nutritional Content. Compare with Nestle and Mars’ chocolate bars, Hershey’s chocolate high in sugar. And Hershey’s chocolate contain more than twice as much as some of the others (ACALORIECOUNTER, 2013). Unhealthy nutritional content will affect customers’ choices of Hershey. Price inflation. Since 2008, Hershey Co. announced that it was raising its wholesale candy prices by 11%. This is the second price jump for them this year, in January they raised prices by 13% for select products in their line as well (ACALORIECOUNTER, 2013). In 2011, The Hershey Company says it is raising wholesale prices by 9.7% on most of its candy products. Due to price inflation of milk and sugar, the price of Hershey’s chocolate keeps rising which lower Hershey’s chocolates’ competitive ability among its competitors. Low international market share of chocolate confectionary industry. Hershey’s global market share in the chocolate confectionary industry in only 10 percent, lowest among its competitors 3. Opportunities Huge Consume Market. 81% of households consume chocolate candy. China and India are huge untapped markets. Malaysia, Indonesia, Vietnam, and Thailand also are untapped, So, Hershey has the opportunity to gain a foothold in those Countries (THEHERSHEYCOMPANY, 2011). Environmentally Safety Products. There is another opportunity for Hershey to develop environmentally safe products and packages, reducing industrial waste, recycling, and establishing an environmental audit process are strategies that could benefit Hershey. Non-chocolate candies Market. Another opportunity is that Hershey diversifies more into non-chocolate candies because that segment is growing most rapidly in foreign countries like U.S &U.K. Anniversary and Festivals. The Hershey’s Company should take advantage of the holidays such as Valentine’s Day and anniversary. For example, this years’ Valentine’s Day, MM let customers customized their chocolate online. Customers can add their pictures on MM chocolates. And they can pick up the color of chocolates their like to combine a gift box. This innovation attracted a lot of customers. Charity & Foundations. As we all know, charity and foundations will bring great reputations to corporations. They can help corporations build positive brand images which will increase brand’s sales. 4. Threats Emerging competitors. The main competitors of Hershey Foods are Mars and Nestle. Mars is already a threat for Hershey, because Mars has a stronger presence than Hershey in Europe, Asia, Mexico, and Japan. At the same time, there are also many new competitors are entering chocolate market such as Whole food’s chocolate. Compare with Hershey, Mars, and Nestle, Whole Food’s chocolate aim at healthy chocolates. They provide choice to the customer wants low fast and organic chocolate. 25 percent of Nestlà ©Ã¢â‚¬â„¢s revenues and profits come from coffee, and adverse economic occurrences in South America, particularly Brazil, affect the company. Nestle plans to continue to play to its strengths, international markets outside the United States, to combat Hershey. Social Changes about Healthy Foods. With the development of Society and Technology, people more and more focus their health and nutrition. We can find more and more organic chocolate manufacture appearing. Doctors and Researchers also have studies prove that chocolates are helpful to prevent heart diseases. Thus, more and more customers choose healthy chocolates such as dark chocolates and organic chocolates. Steady price increase of milk and sugar. The escalation of prices of the main ingredients such as cocoa, milk and sugar has forced companies to increase prices. Strategic Management Factors for Going Global Near the end of 2010, Hershey’s entered into a deal with Wal-Mart (known as Asda in the UK) to sell Hershey’s products in Europe. Hershey’s has never been sold in the U.K. However, Hershey’s will have to modify their products in order to do so. Hershey’s uses genetically modified ingredients in the U.S. and Asda does not sell products that include GM ingredients (Glaberson, 2010). Obviously, Hershey want to enter global market needs to adjust their ingredients at first. The ingredients use for North America doesn’t mean it fit European or Asian Market. These improvements have been based on understanding local culture. What’s more, Hershey should pay more attentions on their chocolate packages. They develop different series packages of chocolate in different countries. Hershey’s white and brown can be market as classic series. They can add more colorful packages to attract children’s attentions. For example, in China, Red is a strong color which means wealth and happiness. Hershey can make red packages chocolates in China. In a shot, Hershey want to expand internationally, they must integrate into each country’s culture. As a global brand, Hershey’s try to cover all people in different ages and status. However, from its advertisements, its’ major customers are children, teenagers and young generations. Actually, most of these groups of customers haven’t economic capability to buy chocolate themselves. Adults and parents usually pay money for them. Thus, healthy ingredients are very important factors may affect parents’ willingness to pay chocolates to their children. Especially in European and Asian, parents are very focus on children’s nutrition. Hershey’s products are mainly focus on young generations. However, if Hershey wants to expand international, Hershey needs more products are focus on household and adults. For example, Hershey can develop chocolate flavor coffee drinks, chocolate sauces, and chocolate gums. Now, the major of Hershey employees are from North United. To entering foreign market, Hershey has to hire more foreign employees and build international team. Hershey’s designers should know more about foreign culture. They can not only insistent of their American style. Even executives of Hershey’s should have some international backgrounds and experiences. Hershey can hire some executives who have international background and experiences. At the same time, Hershey can send their design team to the county they want entering. Having better understanding of local culture, Hershey can have better design and marketing methods to meet local customers’ needs. Hershey should has its’ online shop. As far as now, Hershey only have official website of 8 countries. As show on the picture below, they are the United States, Canada, Mexico, Brazil, China, India, Korea, and Japan. In today’s business world, online shopping is becoming a tendency. A large amount of households shop online daily. Hershey should build their official online store like its competitor Mar’s. Hershey can sell both regular and customized chocolates online (THEHERSHEYCOMPANY, 2011). . Competitive Advantages Analysis The chocolate market share is increasing globally. Customer loyalty is competitively lower than other industry. Websites are increasing in quality and ease for all users. HERSHEY’S offers many unique products and services to many different kinds of customers by using their official websites. What’s more, Hershey has great partnership with North America wholesalers and retailers such as Wal-Mart, Sam’s club, and Walgreen. Hershey has advantages on high domestic market shares. 43% of US domestic chocolate market share provide Hershey’s stable sales. Thus, Hershey should make its’ development base on steady their US market (CNN, 2011). Community We make donations of cash and products in countries across the globe where we have a presence. For example, last week I shopped at Walgreen, the cashier asked me if I want to donate Hershey chocolate to help US army. I choose yes, and most customers donate a Hershey chocolate bar which cost them 50cent. Hershey is willing to help community and does their social responsibility. What’s more, Hershey encourages and supports the involvement of our employees in a wide range of community-improvement activities. Workplace As a global corporation, Hershey ensures a safe workplace. Safety performance is a company priority, and Hershey’s overarching safety goal is to consistently achieve best-in-class safety performance (THEHERSHEYCOMPANY, 2011). The Hershey Company has a long history of promoting health and wellness for its employees, their families and the community. Hershey offers personal training and massage and fitness room at office locations. Hershey engages employees to get fit and stay well. Environment Hershey increase use of sustainable packaging since 2009. Now they are working on a process to define opportunities to reduce the amount of materials they use by for example, optimizing seal sizes and implementing new technologies, and to identify and test sustainable packaging alternatives (Glaberson, 2010). All of these factors help Hershey build a great reputation in North America. Hershey has already get success at North America market. Thus, it’s time for Hershey focus on expanding its’ foreign market. Conclusion Culture today is heavily focused on personnel health. In the past few decades, people have become much more aware of the various factors that negatively affect their health and work hard to avoid them. As a general rule, chocolate and other candy are viewed as an unhealthy snack. Therefore, Hershey needs to continue to expand and market healthy products in order to gain a greater market share for example, low calories, low fat chocolates bars. Moreover, Hershey can put focus on dark chocolate which is popular among ladies (Jones, 2010). Second, Hershey should pay more attentions on its’ gums and chocolate flavor coffee drinks. For example, In Asia, chocolate market is competitively mature. There are already many local brands. Thus, to better entering Asian Market, Hershey only focus on its’ chocolate products is not enough. To expand global market, Hershey has to invest in advertisement. What’s more, Hershey can keep working on their charity activities, and foundations. To help people from all over the world, Hershey can set up foundations in different countries. Price and quality are two keys determine the success of entering foreign markets. Hershey should still keep its’ affordable price with best quality. Hershey can corporate with local chocolate maker with manufacture and packaging to reduce their cost. The hierarchy of Hershey Company should be more international. Hershey needs to hire more designers, executives, and employees with international background or experiences. The commercialization of many holidays is continuing to expand and the popularity of gifts for these holidays is also increasing. Hershey can provide holiday products in outlets also their website (i.e., Hallmark, Barnes and Noble). These Traditional holidays (i.e., Christmas, Valentine’s Day, Mother’s Day, and Halloween) allows Hershey to optimize the importance of their specialty gift products. By providing specialized gift products,  Hershey can increase their sales and expand quickly in foreign market. Finally, Hershey can design different product lines. For example, Hershey can use its source entering organic chocolate market. Hershey’s organic chocolate faces to European, developed countries which their cultures are more focus organic food. The premium product line can help improve Hershey’s brand images. Also, it can meet more customers’ needs. References ACALORIECOUNTER. (2013, October 16). Candy & Chocolate Bars Compared Hershey’s, Nestle and Mars Nutrition Facts. Retrieved March 16, 2014, from http://www.acaloriecounter.com/candy-chocolate.php Glaberson, H. (2010). Hershey to launch confectionery brands in UK and Europe. Retrieved March 16, 2014, from http://www.confectionerynews.com/Manufacturers/Hershey-to-launch-confectionery-brands-in-UK-and-Europe CNN. (2013). Global 500: Hershey. Retrieved March 16, 2014, from http://money.cnn.com/magazines/fortune/global500/2012/snapshots/2190.html THEHERSHEYCOMPANY. (2011, December 31). Hershey Corporate Social responsibility progress report 2011. Retrieved March 16, 2014, from http://www.thehersheycompany.com/assets/pdfs/hersheycompany/Hershey2011CSRReport.pdf CNN. (2011, April 1). Hershey’s raises prices nearly 10%. Retrieved March 16, 2014, from http://edition.cnn.com/2011/BUSINESS/03/31/hershey.prices/index.html Jones, D. (2010, January 26). Nestle waits for market pressures to soften Hershey. REUTERS. Retrieved March 18, 2013, from http://www.reuters.com/article/2010/01/26/us-nestle-analysis-idUSTRE60P31A20100126 Markman, J. (2012, September 4). Hershey Starting to Suga r-Coat the World. Investor Place. Retrieved March 16, 2014, from http://investorplace.com/2012/09/hershey-is-sugar-coating-the-world-hsy/

Wednesday, January 8, 2020

The Strategy of MAERSK Line Free Essay Example, 1750 words

Maersk s pursuit to successfully use concept outlined in the insight to identify the demographic segmentation, in which, the strategic management team will provide the organization correct protocols to implement. Some of the designed protocols that Maersk strategies applied is the methodology for achieving identifies and managing the current shipping trends. The targeted demographic is to divide the market into segments of customers and serving them directly with specific needs (Johnson and Zawawi 2000). In doing so, the innovations for structuring the organization will provide a stronger foundation towards reaching success in the shipping industry. The benefits provide the customer base the superior product or service due to a more defined innovation of Maersk s organizational structure. Over 100,000 customers globally More than 325 offices in 125 countries 22,000 employees worldwide Maersk container shipping and related activities generated total revenue of over USD 28 billion and a total net profit of USD 205 million in 2008. More than 470 operated vessels A container fleet of more than 1.9 million container units An important element of our strategy is to keep up with technology To stay ahead of the competition and to secure flexible, reliable and yet cost-effective operations For example, we have used electronic email systems globally for more than 25 years Today, more than four out of five of our bookings are done electronically Evaluation of strategic capabilities of Maersk and how it competes in the shipping industryThe streamline strategy was announced in December 2007, in which the application of improving competencies proved beneficial (Maersk 20100.We will write a custom essay sample on The Strategy of MAERSK Line or any topic specifically for you Only $17.96 $11.86/pageorder now The following is an analysis that highlights the core strategic conclusions: Crucial to delivering on the parameters that are decisive factors for our customers Reduce complexity and make processes more simple for the customers and ourselves Positive effects of separating Maersk Line, Maersk Logistics, and other container business activities in order for each company to focus on its core competencies Ensure satisfactory financial results these changes had to be carried out with immediate effect

Tuesday, December 31, 2019

The Myths About Climate Change Essay - 790 Words

Go to this website, which is hosted by Skeptical Science. Read up and then answer the following questions. http://skepticalscience.com/argument.php 1. This link covers many of the myths about climate change. †¢ List two of the myths that you found most interesting. †¢ Outline what each myth is, and what the right answer to that question or item is. Reviewing the website above, I must say some people are extremely foolish and a vast majority of the claims they make are extremely ridiculous! Global Warming and Climate change are ever present and the effects are seen worldwide. The fact that there are so many people in denial and so many claims is just astonishing to me. I really don’t know how some of these people can look at their children and claim the scientific evidence out there regarding climate change is a bunch of bullshit, as Donald Trump would say. It really gets me angry and to know that the necessary changes that needed to happen years ago will be completely disregarded for many years due to political misconception and corruption is extremely frustrating. When reviewing the claims, I find them all interesting, some I have heard before and some were new. However the two I’d like to focus on are: 169 Greenland has only lost a tiny fraction of its ice mass Greenland s ice loss is accelerating will add metres of sea level rise in upcoming centuries. 140 We re heading into cooling There is no scientific basis for claims that the planet will begin to cool inShow MoreRelatedGo To This Website, Which Is Hosted By Skeptical Science.1046 Words   |  5 Pagesof the myths about climate change. †¢ List two of the myths that you found most interesting. †¢Outline what each myth is, and what the right answer to that question or item is. Has your view on climate change evolved since before taking this course? Why or why not? Choose one the Review Questions from this week’s reading and answer it in full. Please tell me how the course is going for you so far? Is it hard, â€Å"just right†, or easy? 1. This link covers many of the myths about climate change. †¢ ListRead MoreClimate Change is NOT a Myth, It is Reality Essay1120 Words   |  5 Pagesfeeling that climate change may be an issue as severe as a war. It may be necessary to put democracy on hold for a while. - James Lovelock (Hickman, 2010) Climate change is a long-term change in the Earth’s climate, mostly due to the increase in the average atmospheric temperature (global warming). According to National Snow Ice Data Center (2012), the most commonly used definition of climate change is a change in the statisticalRead MoreGlobal Warming And Climate Change Myths950 Words   |  4 Pagesbut cleared a lot of things up for me was reading and learning about Global Warming and climate change myths. One of the myths on the list that stood out to me was, â€Å"They changed the name from ‘Global Warming’ to ‘Climate Change’ † (Global Warming Climate Change Myths, 2016). According to the scientists, both terms actually mean two different things, and have both been used for decades, proving that myth to be false. Another big myth that seems to occupy the minds of a very large part of the world’sRead MoreGlobal Warming And The Greenhouse Gases1720 Words   |  7 PagesMany peopl e know that global warming is an issue in today’s world because news media and politicians always talk about global warming and the greenhouse gasses. It seems like an issue that is not going to go away, and it is going to stick around for some time. As early as in 2006, Al Gore, the former vice-president of the United States, said that the burning of the fossil fuels was one of the reasons that increased the amount of carbon dioxide, and he said that if carbon dioxide could melt the polarRead MoreJohn Godrejs Myth 10 : Growth Is A Viable Option For The Modern Day.1156 Words   |  5 PagesDinyar Godrej’s article â€Å"Myth 10: Growth is the Only Way† is an example of one such radical idea stemming from the unsolved issues of economy and climate. Godrej’s article uses ethos, pathos, and logos in order to appeal to his target audience and discuss larger issues such as climate change and sustainability. Godrej’s â€Å"Myth 10: Growth is the Only Way† is the tenth installment of a series of articles addressing common â€Å"myths† about economics. As the title suggests, Myth 10 evaluates a common beliefRead MoreThe Effects Of Global Warming On Earth1577 Words   |  7 Pagesknown as global warming. 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If we cannot reduce carbon dioxide emissions or begin regulating carbon dioxide emissions, we will cause irreversible changes to the earth. The government needs to start regulating carbon dioxide emission, inRead MoreEssay on Global Warming1343 Words   |  6 Pagesatmospheric effect kept the earth warmer than it would otherwise be’, (Direct.gov. n.d. A history of climate change). Since this time, reports, and study have be done with graphs to show the impact of global warming and what could happen to our planet. In 1979, the first conference was held this was called ‘International climate science’ it called on governments to ‘foresee and prevent man-made changes in climate’. 1988 the ‘IPCC’ was setup by the ‘United Nation s’ to look at reports and the findings, theyRead MoreGlobal Warming1410 Words   |  6 Pagesatmospheric effect kept the earth warmer than it would otherwise be’, (Direct.gov. n.d. A history of climate change). Since this time, reports, and study have be done with graphs to show the impact of global warming and what could happen to our planet. In 1979, the first conference was held this was called ‘International climate science’ it called on governments to ‘foresee and prevent man-made changes in climate’. 1988, the ‘IPCC’ was setup by the ‘United Nations’ to look at reports and the findings, theyRead MoreLife At The Bottom And Its Vast Environment1540 Words   |  7 Pagesstill an uncharted subject, myths of magnificent and treacherous animal sightings such as Giant Squids that is also referred to as the Kraken is one of the legendary stories of them all. With the help of oceanographers and the use of computer mode ls, laboratory and field experiments, scientist can piece the puzzle of the mysterious beast and its vast environment. Scientific advances such as the computer models of the earth have brought us to a better understanding about how life on earth operates

Monday, December 23, 2019

Accounting Analysis Report - 3149 Words

Analysis report of ARB Corporation Ltd and Super Cheap Auto Group Ltd Accounting Assignment 2010 Lecturer: Sia Dixit Personal Details: Hendrik Halim (HAHED92J) Nathanael Siregar (SINAD102J) David Ang (ANDAD92J) MAA103 Assignment Planner – Trimester 2, 2010 STUDENT GROUP NAMES: ID No. :1. Hendrik Halim - HAHED 92J 2. Nathanael Siregar - SINAD 102J3. David Ang - ANDAD 92JClass Time/Day: 12.45 – 16.45 / Tuesday Lecturer’s Name: Sia Dixit | DATE: | BRIEF DETAILS OF HOW YOU INTEND TO PROCEED TO COMPLETE REPORT: | NAME OF STUDENT(S)†¦show more content†¦Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 4 2. Body:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 5 2.1Profitability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 5 2.2 Efficiency†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 7 2.3 Financial Stability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 8 2.3A Short Term†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 8 2.3 B Long Term†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 9 Limitations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 11 3. Conclusion and Recommendation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 12 4. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦..Page 13 5. Appendices†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 14 1. Introduction Super Cheap Auto Group Ltd. is a business corporation working on selling automotive products such as car parts, car care and kits. Its business is very well established and having Australia and New Zealand as the target market. The annual report of this company has got its good performance during 2008-2009 period of time. The other business this report is analyzing about is ARB Corporation Ltd which works on the same field as Super Cheap Auto Group Ltd. They are selling the same products, working on car accessories and spare parts. This report consists of detail ratio analysis of the financial statement of two companies stated above over a two year period (2008 through 2009) by performing and interpreting financial ratios from the data given. A brief comparison of the two companies’ performance in specific key ratios will also be discussed in this report. So in the end of the report, clear and detailed factorsShow MoreRelatedAnalysis Report On Management Accounting System1459 Words   |  6 PagesA management accounting system collects accounting information and converts the information to an analysis report in order to help managers make correct decisions and let stakeholders fully understand how the company runs. In another word, the main purpose of the management accounting system is assessing the company’s performance with the help of different measurements. Thus, management accounting system reform should be closely linked to performance measurement. 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Saturday, December 14, 2019

Greek and Roman Architecture Free Essays

Running Head: Greek and Roman Architecture Greek and Roman Architecture By: Michelle Garrotters Art 101 November 2nd, 2008 Head: Greek and Roman Architecture Compare the characteristics and innovation of each Greek and Roman Architecture. The Greek and Roman architecture is very impressive for not only their time but also in our time today. The Greek architecture uses the columns in almost all of their temples. We will write a custom essay sample on Greek and Roman Architecture or any similar topic only for you Order Now The shapes of the columns were extremely important to the Greeks. They used three different types of columns. The â€Å"Doric†, â€Å"Ionic†, and the â€Å"Corinthian†. All of these columns have a center piece that would be for displaying their Greek God(s) with what ever decorations. The Temple of Olympian Zeus is an example of â€Å"Corinthian† columns. The Temple of Poseidon is an example of â€Å"Doric† columns, and Athens is an example of â€Å"Ionic† columns. The Greeks usually built with either mud, wood, plaster, and/or stone. Most of their buildings have not stood the test of time. Only temples made with marble or limestone these were built as objects of art honoring their different gods. These have been able to withstand the damage that time brings. The Roman architecture used mostly arches in their works. Which held more weight than the columns. Yes they used columns but only as decoration because of the weight. The Pantheon in Rome is a great example of this architecture. This building housed two kings and is one of the biggest surviving building in Rome. Romans used the same materials as the Greeks especially the Marble and Limestone. But they perfected the use of concrete, which is what most of their structures are made with. Most of the Romans buildings that are still preserved today are amphitheaters, bathhouses, aqueducts, and public housing. Unlike the Greeks the Romans did their buildings with lots of ornate on both inside and outside reflecting the â€Å"Pursuit of Pleasure† which is an essential part of the Roman culture. In summary, Greek architecture is more rectilinear and of â€Å"post and lintel† construction. Greek buildings usually rectilinear, consisted off pediment supported by columns on a plinth for a base. Romans mastered the arch and the dome. Concrete made it possible to have more complex forms. Columns were used in both with the Greek favoring the Doric and Ionic for the cleaner lines. While the Romans preferred to use the more ornate Corinthian style columns. How to cite Greek and Roman Architecture, Papers

Friday, December 6, 2019

International Business Management and Capital †Free Sample

Questions: 1. Foreign direct investment (FDI) occurs when a firm invests directly in new facilities to produce and/or market in a foreign country. FDI may take the form of Greenfield investments (i.e., the establishment of a new operation in a foreign country) or mergers with/acquisitions of existing firms in the foreign country. Please answer the following questions regarding FDI. Discuss the benefits and costs (inward) FDI offers/imposes on host countries. Discuss the benefits and costs (outward) FDI offers/imposes on home countries. Likewise, address some of the home-country and host-country policy options for encouraging/restricting outward and inward FDI, respectively. 2. If a firm is changing its strategy from an international to a transnational strategy, what are the most important challenges it is likely to face in implementing this change? How can the firm overcome these challenges? 3. You are working as a general manager for the headquarter organization of Toyota in Japan. The firm has recently opened operations in the emerging market of Argentina. You have been asked by the CEO to recommend someone from your department to send to the firms subsidiary there. What aspects would you need to consider in identifying the right person for the job? Moreover, how would you prepare the selected individual for this overseas assignment? Discuss. 4. In a world of zero transportation costs, no trade barriers, and nontrivial differences between nations with regards to factor conditions (i.e., resources such as land, labour, and capital), firms must expand internationally if they are to survive. Discuss. Answers: 1. Benefits and Costs of Inward FDI on Host Countries The four important benefits of FDI for host countries are effect of resource transfer, effect of added employment, balance of payment effects and impact on economic and competition. Management, capital, technology are the effect of resource transfer. The MNEs and local suppliers create direct and indirect jobs. Current account surpluses and deficits are occurred as a result of balance of payment effects (Dowling et al., 2009). The costs include loss in economic independence, importing of things by subsidiaries (foreign) and outflow of earnings. Benefits and Costs of Outward FDI on Home Countries The benefits include creating demands in exports, new jobs in the field, more foreign earnings, providing benefits to consumers at lower prices, higher value activities of resources and employees and gathering knowledge on operation on a foreign location. The costs include loss in the local jobs and loss of trade balance due to exports. Home Country and Host Country Policy Options Home country policy includes tax incentives, capital assistance and political pressure on companies. Other policy options include prohibiting companies while investing in particular countries. Host country policies include loans with low interest, subsidies, tax concessions, etc. 2. Strategies of internalisation are also known as globalisation. Strategies of globalization are different from transnational strategies. It can be related to the concept of glocalization. There are certain things that internalization or globalization strategies consider. However, if a company changes its strategies from globalization to transnational, then it will face problems both at organizational level and at global level (Dowling et al., 2009). The values of their products to the customers are also changing. It can create a change in perception of the customers towards the particular brand. Transnational strategies must have different sets of goals to the community as well as to the company. The company can also face in the management issues of the subsidiaries that are present in the different foreign locations. The challenges can be overcome by planning the transnational strategy in a particular time in a way so that they can be implemented in the right time. A proper channel of communication is being maintained so that the companies can take necessary action in the challenges faced by them in the marketplace as well as in the organizational level. In many cases, new transnational strategies must be formulated to mitigate the gaps created due to change. 3. The company is headquartered in Japan. In its Argentina operations, one employee must be chosen so that he can successfully fulfil the requirements of the Argentina branch. There are different types of assignments that companies have in their subsidiary branches. They are traditional assignments and short-term assignments. If the operations of Argentina branch fall under traditional assignments, then some considerations are there that the management of Toyota have to emphasize. The considerations are development of management, filling various positions in the skill gap, organizational development, managerial control, etc. While selecting the desired candidate for sending him in Argentina branch, some factors will be considered such as cross-cultural stability, technical ability, language, requirements of the MNE (Toyota), family requirements, etc. The candidate should be trained in a way so that he can get a detailed idea about the project or assignment he will be handling in the foreign location. The measures of effectiveness should be communicated to the candidate so that he will not face any issues in handling problems (Dinnie, 2015). 4. In the world of globalization, a country cannot produce its own required goods and services of its own. Every country is depended on products of other countries to provide the necessary goods to its people. Hence, export import of goods is a common practice in the field of business (Peterson et al., 2012). Now the concept of free trade and zero transportation cost is valid all over the world. Hence, it is very easy for the countries to trade with other countries. Compared to previous situation, the legislations of governments of the countries are flexible enough so that they can also take advantage from the host country (Wild et al., 2014). Firms can expand their operations, easily by considering some factors. International human resource management is common practice that are followed by many domestic companies in order to expand their operations in the target foreign countries. Proper selection of entry modes along with PESTEL analysis is to be conducted by the companies while penetrating into foreign markets. References Dinnie, K. (2015).Nation branding: concepts, issues, practice. Routledge. Dowling, P., Liesch, P., Gray, S. and Hill, C.W., (2009). International business. McGraw-Hill Australia Pty Ltd. Peterson, M. F., Arregle, J. L., Martin, X. (2012). Multilevel models in international business research.Journal of International Business Studies,43(5), 451-457. Wild, J., Wild, K. L., Han, J. C. (2014).International business. Pearson Education Limited.

Friday, November 29, 2019

Drinking, Driving,Parties, And Commonsensical Solutions Essays

Drinking, Driving,Parties, and Commonsensical Solutions Matchmaker.com: Sign up now for a free trial. Date Smarter! Drinking, Driving,Parties, and Commonsensical Solutions Drinking and driving is the number one killer of teenagers in America. Because of it, the teenage group is the only age group who's number of deaths are increasing instead of decreasing. Outright denying teens of alcohol doesn't work. That just makes young adults want alcohol even more. What's sad about drinking under the influence cases is that every one of them could have been easily prevented. So, if you cannot deny adolescences of alcohol, why not just educate them on simple precautions that can be taken to prevent drinking and driving. One of the best and oldest ways to stop drinking under the influence is having a designated driver. It's not a hard thing to do. Just asking someone responsible to accompany you to a party (or whatever it may be) in which you know there will be alcohol. If you don't know if there will be alcoholic beverages served, take a responsible friend anyway just to make sure. Another good way to keep yourself from being a DUI case is to clear out your car of anything distracting. When you're drunk, simple things can give you an incredible amount of entertainment. So, clean out your car from fuzzy dice, cellular phones, anything that can distract you. Studies show that just by doing this, your chance of having an accident can be decreased by over 25%. So, you're already at the party and drinking beer. What can you do? For starters, you can try eating high protein food like meat, cheese, and peanuts. Foods that are rich in protein can help absorb alcohol faster. Another thing you can do is drink slowly. Take a sip every now and then. If you drink a gulp, you don't get to savor the taste and aroma. Also, you tend to drink a lot more than what you can take. What if you're the person who's throwing the party and serving the alcohol? Well, try to be the least bit responsible and help your fellow friends out. Before you let someone into your party, ask him or her to hand in their keys. No keys, no admittance. Doing this will prevent drinkers from ever using that car that night. What if someone refuses? Just don't let them in. If that person gets into an accident after the party, you will probably be held responsible for serving the beverages. Serving food first before drinks is also a good idea. As explained before, food helps the body absorb alcohol better. Furthermore, always respect a person's choice not to drink. That person can be a designated driver. If not, he or she isn't a "sissy," they're just trying to play it cautious. So, you've made it through the night. You had only a few drinks so your senses are just barley impaired. What about everyone else who had a bit more than they should have? Well, if you haven't taken their keys already, the best thing to do is to avoid drunk drivers. Here are some visual cues that have a good probability that the person behind the wheel is drunk. Turning With Wide Radius Straddling Center or Lane Marker Appearing to be Drunk Almost Striking Object or Vehicle Weaving Driving on Other Than Designated Roadway MP Below Limit If you see anyone giving one or more of those visual cues, watch out. They have more than a 65% chance of being influenced by alcohol. So, even though you probably knew how to party hardy, now you know how to party safe.