...Strategic Planning For Business Unit The Strategic Planning for Business Unit is briefly sketched as below: External Environ-ment Mission Stateme-nt Strategies formulat-ion Program formulat-ions Goals formulat-ion Feedback and Control Impleme-ntation Internal Environ-ment SWOT Analysis Strategic Planning Process For Business Unit Mission Statement: * Defining basic purpose or * Reason behind the existence of an Business Peters Druckers classic questions * What is our business * Who is the customer * What is value to the customer * What will our business be * What should our business be Goals Formulation: Every business unit set their own target goals. The targeted goals must be SMART (specific, measureable, achievable, realistic and time band). For setting the goals, a manager must consider the capabilities of the business unit and after that set the goals. SWOT Analysis: SWOT analysis is a simple framework for generating strategic alternatives from a situation analysis. It is applicable to either the corporate level or the business unit level and frequently appears in marketing plans. For setting the rational goals, every Business unit must analyze the environment, internally; Strength and weaknesses, and externally; opportunities and threats. Assessing the External Environment External scan refers to exploring the environment outside the organisation in order to identify the opportunities...
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...An Analysis of Toro Corporation’s S’No Risk Program Risk analysis from the point of view of Toro: Toro bears relatively minimal risk on this S’No risk program the year they ran it, as the most they are going to pay-out to the insurance company in 1983 is around $680K, while in-turn profiting $106K. (Bell, 2004). The year they ran the promotion, a confluence of elements came into play: the insurance company erroneously quoted them 2.1% of the retail value of the snowthrowers covered; the snowfall was significantly higher than the year before, but because of this premium cap by the insurance company, it did not lose its shorts on its liabilities. Additionally, they did not have to pay vendors the 10 percent discount they normally did in the fall. That was an increase of 8% in profit for Toro, plus the vendors and consumers were delighted. Risk analysis from the point of view of the insurance companies: American Home Assurance carried the most risk. According to the case study, they agreed to meet all claims from the program for only 2.1 percent of the retail value of the snowthrowers covered (Bell, 2004). The total number of rebates that year of the promotion was 19 percent. While Toro, hedged its losses, American Home ate 17 percent of the cost of rebates. If Toro were to continue the program it would increase the premium to 8% of the total sales, which amounted to an average of the last four years of actual payouts by Toro (Bell, 2004). American Home would try to...
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...collected they will attempt to create a DNA profile to match the assailant to one of the suspects. Although this procedure may seem perfect, when put into action, there are often several issues. One of the biggest issues is the fact that the DNA sample collected from the scene is incomplete. Often only partial samples are collected and it leaves room for doubt during the prosecution. In addition, during laboratory analysis of the DNA sample, the use of different machines and the amount of...
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...Library of Congress Relevance to School Libraries Donna Smith University of North Texas SLIS 5208 Library of Congress Relevance to School Libraries Introduction The Library of Congress (LOC) plays a momentous role in acquirement, distribution, and preservation of America’s historical and current documents like books, journals, political manuscripts (like the declaration of independence rough draft), government publications, map, films, sound recording, photographic images, and films. LOC was established in America in the first decade of the nineteenth century to act as a researching facility for inquiries made by Congress (Santella, 2006). However, after many years the facility has grown to become a leading institution that encourages reading and literacy among students and the general public. LOC is pertinent in encouraging research of critical information among students by improving information opportunities accessible to students so that they can utilize their potential present times. The twenty-first century is faced with intricate life and work setting and for this reasons, learning and innovation skills have emerged as the qualities that separate students who are prepared to face these challenges and those who are not. The role played by the LOC is evidenced by U.S integral and superb government structure that has existed for years and rated as the best in the world. LOC success can act as a model for...
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...related knowledge are either provided/strengthened. * Hotel Tour – where the employee gains knowledge by observing the procedures practiced in Hotel. * Employee training expenses (both onsite and offsite) will be fully borne by the Hotel. * Each employee will be subject to training according to needs arising from: * Competencies required during the annual Performance Appraisal. * Training stated in the Personal development plan during the counseling sessions. * Competencies required for Promotion. * Competencies required for Succession Planning. * Competencies required for the Departments objectives (Business requirements). TRAINING NEED ANALYSIS Today's work environment requires employees to be skilled in performing complex tasks in an efficient, cost-effective, and safe manner. Training (a performance...
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...To counteract some of the oppression of intersecting identities, intersectionality analysis can be utilized in the formation of governmental or private organizational assistance programs, such as, college tuition assistance programs. Intersectionality analysis can identify the oppressed identity combinations that would allow for better resource allocation in order to rectify inequalities and improve the position of women. This analytical tool can help empower women facing discrimination from multiple directions by giving them educational opportunities that may otherwise be out of reach because of economic injustices. In order to direct the resource allocation of college assistance funds, government programs or private organizations can limit...
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...What Works with Juvenile Offenders Juvenile Offenders are categorized differently than their adult counterparts for a variety of reasons. The primary reason is that as an offender who is not yet an adult, they are still considered a protected class due to their age and the concern of disrupting their rights to council and the rights of their parents to help dictate the events in their lives. Over the past few decades there have been several studies completed correlating the quantitative analysis in primary research studies with success rates of juvenile offender treatment. Because of the repeated success of certain treatments over others, these studies have lead to an agreement on what programs and intervention strategies work and which have little to no repeated success. By analyzing these treatment strategies as they have been portrayed in academic literature and through the primary research that has been completed, a summary analysis of what plans work when dealing with juvenile offenders will be devised and put forth as the best option for treatment. The first aspect to analyze when dealing with implementing a new strategy for juvenile offender reformation and treatment plans is the idea of quality of the plan versus quantity of sessions required with all individuals in correctional institutions across the United States. In the past two decades, the numbers of individuals within the correctional systems across the United States has skyrocketed. In 2004, the jump in population...
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...from another. There could be various substitutes like method stubs, mock objects, fakes and test harnesses which could be implemented for proper independent checking of software independently. Software developers and designers write unit codes which act as building blocks of any program. These test runs are directed for achieving pre determined objectives of any program. While a developer writes any unit code for software development, he takes account of various permutations and combinations and accordingly writes the source. But actual implementation is possible only when that code is tested in working environment. There could be inherent errors in the software development which are caught only during this phase of unit testing. Implementation phase of unit testing is the most crucial phase as various processes could be used during that phase. Its execution can vary from being very manual (pencil and paper) to being formalized as part of build automation. These days, however most of unit testing mechanisms run on automated processes rather than relying on manual testing procedures. This test is wonderful as it checks potential and boundaries of software. During the course of this particular analysis,...
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...Name : Soo Chia Chuan Title Of Report : Environmental Analysis Date : 14-02-2014 Student ID : CT0210916 Content Page * Introduction * Company Background * Country Background * SWOT Analysis * Three Pointers Of SWOT Analysis * PEST Analysis * Three Pointers Of Pest Analysis * Definition Of Porter’s 5 Forces * Porter’s 5 Forces Model Of Telecommunication In Malaysia – Table 3 * Porter’s 5 Forces Analysis Of Telecommunication In Malaysia – Table 3 * Elaboration Of Industry * Recommendations * Conclusion * Reference List Introduction This is an Environmental Analysis report of a company. This report consists of the Company background, Country background, SWOT Analysis, PEST Analysis, Porter’s 5 Forces, Recommendations, Conclusion and Reference List. Company background is to know how the company runs their business and more in depth of a company. Country background is about why that specific country was chosen for this report. SWOT Analysis consists of Strength, Weaknesses, Opportunity and Threat. PEST Analysis consists of Political, Economic, Social – Culture and Technological. Porter’s 5 Forces consists of Threat of new entrants, Threat of substitutes, Suppliers, Customers and Intensity of rivalry. Company Background Starhub Limited is a telecommunication company which provides a full range of services over mobile, internet, cabletv in Singapore. Starhub has been in telecommunication industry from 7th May 1998...
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...The S’No Risk Program Risk Analysis from point of view of Toro: For the particular year Toro first ran the program, they assumed little risk since they got such a good deal from the insurance company, American Home. On one hand, if there were little snowfall there would be little payout and would then increase their sales. Goodweather also quoted them 2.1% and this actually helped them save money by not paying out the 10% they normally would payout to dealers for their normal promotion (Bell, 1994). This gave Toro an increase of 7.9% in profit and for their dealers increased their total sales. Toro also benefited from this lower rate because after being quoted the 2.1%, after 2 years of marginal snowfall 1983 brought a much more severe winter that would have otherwise cost Toro hundreds of thousands of dollars more if they had been quoted a higher percentage. Risk analysis from the point of view of the insurance company: In this case, American Home assumed the most risk since they would be the ones to pay out in the event of significant snowfall for that winter. In this case, they did pay out a significant amount to Toro covering losses from the promotion. The total number of rebates for the promotion in 1983 was 19% (Bell, 1994). American Home assumed about 17% of these rebates and with it came a significant cost! In the event that American Home continued insuring Toro for the program they would need to significantly raise the insurance rate to try to gain back some of their...
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...Critical Analysis The issue of cruel and unusual punishment towards juvenile life without parole is one that needs to be addressed. The facts stated earlier in this paper have given more than enough reason to abolish life without parole sentences for juveniles. It has been argued in Graham v. Florida that because juveniles have a weak capacity to comprehend their behavior and actions, the punishment of life without parole might not be an effective deterrent from engaging in criminal conduct. Some states have already abolished juvenile mandatory life without parole as they have all found it to be cruel and unusual punishment. Many groups and advocates against life without parole for juveniles have seen this as a step in the right direction,...
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...this article, the author has explained the importance of health and safety programs in the companies. Through this article, people can be able to identify the potential job hazards in the organizations and development plan for its safety. Apart from this, he has also explained the methods of effectively responding to the accidents. With the help of this, different strategies for conducting the investigation of the company is also identified by the author. Answer 1: Author’s Main Point In this, the author is mainly focused towards the importance of health and safety programs in companies. He has also explained the accident development plan, which is useful in reducing the job hazards and strategically handle the external accidents investigations (Battles, 2011). Apart from this, the author’s main point is to generate the awareness among different countries and reveals the disadvantages of not having health and safety plan such as increases in health care cost, penalties, lost productivity and fines. Answer 2: Author’s Intended Audience In this paper, the author’s intended audience is organizations in different companies. It is because organizations cover a large number of people and health and safety program also improves the personal life of the employees. At the same time, the author has also generated awareness among people as well, so that they also improve their working habits and reduces the chances of accidents (Burke, Clarke & Cooper, 2012). The Author has also explained...
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...Decision to Pursue an MBA Degree Decision to pursue MBA Program is a first step to reach my personal goal and start a new career. After my bachelor’s degree in Computer Science I was offered a job as IT Administrator to a well-known organization and never had an opportunity to think about further education. The decision to obtain an MBA requires a substantial commitment of money and time. However, there are many compelling reasons to pursue an MBA to get ahead in the business world. Below are some of the lines of reasoning that I want to mention: MBAs are internationally recognized Travel to many areas of the world, and most people have at least heard of the graduate degree known as the MBA. This makes it much more valuable than many other business degrees. For example, even though a Master's in Commerce may be a prestigious degree in some countries; other locations may not be familiar with the program. Having an MBA, which is recognized almost universally, will increase my ability to compete for jobs in more locations. MBAs can earn higher salaries One of the major reasons, as I have chosen to pursue an MBA is that it often allows graduates to earn a greater salary. Although the average starting salary for MBA graduates is influenced by the number of years of work experience they have prior to starting their degree, even those with fewer than three years of industry experience reportedly start out earning close to $70,000. This figure rises dramatically as graduates...
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...There is a growing problem with unemployment through the nation. The Rossi stated “there is a problem with unemployment rates in the inner-city neighborhoods” (2004). I can see that being a problem throughout the nation. To help decrease the numbers of unemployed people the government has instituted programs that can assist in ensuring people have the capabilities to get into jobs. This could provide ways for people to get training and education needed to be productive. Also the government has made it beneficial for companies to move into areas that there was a need for people to gain employment. In knowing that there is an issue with unemployment the government would have to understand who would benefit from the need to implement programs or incentive to have businesses increase growth in certain areas. So we have to think about how the “high levels of poverty, the worst neighborhoods also have numerous signs of social disorder. Crime and physical blight are the most apparent, but they are accompanied by low work levels among the residents, soaring high school dropout rates, low marriage rates, and high rates of non-marital births” as stated by Haskins (2010). This can be hard at times to measure but it is achievable. In know thing problem and the target audience the government can see that just throwing money at the situation would not fix the problem. Instead they can take the time and analyze the situation and implement the correct course of actions. With the problem...
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...are both looking at Team personalities and Change management aspects within project management. The comparative study is based on research papers conducted by Crawford and Nahmias (2010) and Battilana, et al, 2010). The papers were carefully selected since they were all looking at the same concept of key abilities required to manage and execute change management projects. According to Crawford and Nahmias (2010), it was important to carry out this study to correctly address the question of who is the best person or profession suitable to manage major organisational transformations. The research was focusing on three people whom were seen as the right people to drive the organisational transformations and are as follows; Project Managers, Program Managers and Change Managers. The ideology was to assess their daily duties and come up with the best suitable competencies required to manage change. Looking at the second paper, Battilana, et al, 2010 indicated that there was increasing substantiation that transformation driver’s leadership features and behaviours determine the achievement or malfunction of organisational transformations. The study looked at three key change activities which are necessary for organisational change implementation. The three key activities are as follows; advocating the importance of transformation, encouraging other team members to support the transformations and assessing the transformation execution. SIMILARITIES AND DIFFERENCES...
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