...Technology has been rapidly increasing and it seems as if Hawaii's hotels are still outdated. Tony Standford acknowledges that such technology is essential in our economy: "It's absolutely crucial to our economy. We are competing with world-class destinations in Asia who won't hesitate to spend money on technology that will improve the visitors' experience." (qtd. In Staradvertiser). Standford came up with the idea to provide a managed information technology service to local hotels after a meet with a Waikiki hotel manager. The hotel manager explained that their PBX (Telephone and network system) had reached the end of its life cycle and would cost a substantial amount of money to renew and still remain out of date. With this opportunity in mind, Standford created a new modern IT company. His objective is to upgrade hotel systems by providing state-of-the art technology products such as wireless internet, Netflix, and tablets in every room to replace the telephones. This system has the ability to store all contents and apps in the cloud, allowing software updates to the system to be remotely handled through the cloud. The use of this technological advancement in hotels will greatly reduce expenses by eliminating the cost of maintaining hotel servers. When relating this article to the theory of supply and demand, results lead to a simultaneous occurrence of events. Technological advancements will produce a positive supply shock as well as a Positive demand shock. If Hotels...
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...the introduction of the Big Box Format, many small business owners have been forced to close their doors, consequently leaving them in limbo with regards to how they are supposed to support their families. The Big Box Format of conducting business has stiffened competition in business as a whole. These Big Box Organizations have the ability to use their vast amount of resources to exploit market opportunities and neutralize threats, as well as take advantage of the economies of scale and scope. Subsequently, this report touches upon the large scope effects of the Big Box Format; as well as addresses certain strategies that small businesses could apply and if they are realistic. Big Box Firms are organizations that undermine local business as well as entrepreneurialism and innovation. They are composed of Firms that occupy a minimum of 50,000 square feet of land containing a wide variety products available for sale (Investopedia, 2013), therefore many consumers consider Big Box Firms as one stop shop. Subsequently, the Big Box Firms apply predatory marketing strategies, in which they highlight their ability to offer cost savings as well as convenience. FINDINGS Modern Concept, Classic View Although the Big Box format of conducting business can be considered somewhat of a modern business concept, the Big Box format contains certain elements that relate back to classic business theories. The way that these Big Box firms conduct business, contain certain characteristics...
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...need for capital as it grew was to actually finance their growth. For instance, in 2004, Box received their first investment of $80,000. Levie and Smith were able to grow their user base to 1000 paying users in just a few short months. However, as the user base grew rapidly in a short period of time there were still only two employees, Levie and Smith. They had bootstrapped the company, which meant they had to do everything from coding of the platform to marketing, support and sales. Levie and Smith could not possibly support 1000 users by themselves therefore they needed an infusion of capital to appropriately scale the business and platform to accommodate the ever growing amount of users. Box would have actually experienced decreasing returns to scale if Levie and Smith continued without taking all the cash earned and investments obtained to finance growth. Box could not sustain the growth it was experiencing, scale the product and properly service the diverse set of customers (consumer and SMBs) as well as follow through on enterprise business customer acquisition strategies with cash from operations only. Enterprise sales is a capital intensive launch process. Sales cycles can be greater than a year. Box will have to spend a lot of upfront capital to acquire enterprise customers like Coca-Cola. However, the upside reward is when Box closes an enterprise customer like Coca-Cola. When Box secures an enormous 22,000 seat, multi-million dollar and multi-year licenses deal. Annual...
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...|SAP BW 7.0 | | |September 2010 | | |EnglishEnglish | | | |B91: CRM Service Analysis | | | | | | | | | | | | | | | | | | | | | | | | ...
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...were handled. The companies being discussed in this paper are Red Box and eHarmony. Understanding a Successful Launch Introduction These two companies discussed in this paper are Red Box movie DVD rental, and eHarmony online dating service. It will be it is important to understand these challenges in today global economy these two strong successful companies endured. Understanding these challenges can teach what is examined in launching new products along with the impact of technology on these products, along with the legal and ethical implication of launch of these products and services. Challenges in New Product Launches When Red box first evolved it was owned and placed in McDonalds fast food restaurants as a subsidiary of McDonalds and soon was sold to Coinstar who quickly moved Red box to grocery stores, drugstores and others including Walmart, Walgreens and 7-Elevens increasing Red box location to over 28000 kiosks in the United States (Augustine, C 2011). In the late 1990’s after 35 years of work as a psychologist and marrage counselor Neil Clark Warren developed an compatibility matching system to match peoples as couples (Business wire2013) Challenges: example number 1. The challenge for Red Box on it onset was the compition of other video supply retailer such as Blockbusters, Netflix who had the corner on DVD rentals. These companies had licenses to film studios that Red Box did not so obtaining newer movies to...
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...ions; please call and I'll be happy to help you Name Address r City State Zip Code Business Phone n Home Phone Cell Phone Description of your business c o s (One Paragraph) e [Type a quote from the document o or the summa ary of an inte eresting point. You can t position t the text box a anywhere in the document t t. Use the Dra awing Tools t tab to change the e formattin ng of the pull quote text bo ox.] Description of services c e , (Separated by commas) Example: Pizza, Restaurant, Take Out, Salads, Italian, Entrees, Pasta, a m p s e [Type a quote from the u e document o or the summa ary of an interesting point. You can t anywhere in the document t. Use the Dra awing Tools tab to change e position the text box a the forma atting of the p pull quote tex xt box.] 1 What is your "Motto· or ·Slogan"? Do you want people to: ☐ Learn more about your business or organization? ☐ Hire you to perform a service? ☐ Buy products from you? ☐ Other Who is your target Audience or community? Examples: Age Group, Gender, interest, Areas Served [Type a quote from the document or the summary of an interesting point. You can position the text box anywhere in the document. Use the Drawing Tools tab to change the formatting of the pull quote text box.] [Type a quote from the document or the summary of an...
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...Applying the Potter Box to Merck’s Actions Regarding the Painkiller Vioxx Rod Carveth, Marywood University Claire Ferraris, Western Oregon University Nick Backus, Western Oregon University Abstract In this paper we demonstrate how to focus an empirical application in reaching an ethical decision by working with the Potter Box, a model created by Ralph Potter as an analytical tool assessing the ethics of corporate decision-making, The facts emerging in news accounts regarding lawsuits against the pharmaceutical company Merck and its painkiller Vioxx are analyzed for ethical consideration. Utilizing the Potter Box model, the case against Merck can be interpreted and studied in light of ethical considerations. The results demonstrate not only how a decision is argued, but what is missing in the overall consideration for the decision. Introduction The mythos of freedom and responsibility in the United States is premised on the ethical actions of members of the society, particularly those in positions of power. And ethics in communication takes a place of preeminence since the words spoken by authorities are often all a public relies upon to pass judgment. How is the citizen or the communication analyst to evaluate the ethics of the utterances of others? And how does the communicator determine the ethical appropriateness of a planned message? This paper is an introduction to an accessible method of ethical decision-making in communication. The Potter Box allows both student and scholar...
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...Table of Contents Executive Summary 1 The Product 2 Business Concept Statement The Product/Service The Customers The Product Value The Business Model Marketing Aspect * Market Entry and Growth Strategy Target Market Market Size Marketing Strategy Competitor Profile Competitive Advantage Production Aspect * Technology/Innovation Scope Suppliers Management Team Manpower Financial Aspect * Initial Investment Annual Sales Annual Expenses Annual Income Return on Investment Executive Summary The Food Box is a retailer of home cooked meals which addresses the needs of undergraduate UPLB students living in dormitories or apartments for low-cost meals that can be acquired anytime despite time constraints. The product is a food box, patterned from Chinese paper boxes, wherein the food and drink are contained in one vessel with specific divisions. This would enable the students to consume their meals while they are walking or in transit. Meals will be prepared only when an order is placed to ensure the quality and freshness of the product. Aside from this, the Company chooses not to add preservatives to the meals to provide a healthier option. Market Size Competitive Advantage The financial team projects its start-up costs to sum up to a total of 87 071.75 pesos. Majority of these funds will be used to build the first facility, pay deposits...
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...CONTROL AND AIS (Version 1 – Brief, just for the exam) Overview of Control Concepts * Internal Control - plan of organization and the methods a business uses to safeguard assets, provide accurate and reliable information, promote and improve operational efficiency and encourage adherence to prescribed management procedures. * Management Control - broader than internal control 1. Integral part of management responsibilities. 2. Is designed to reduce errors and irregularities and achieve goals 3. Is personnel oriented and seeks to help employees attain company goals by following policies. * Administrative Controls - help ensure operational efficiency and adherence to managerial policies. * Accounting controls - safeguard assets and ensure the reliability of accounting records. * Internal control structure - policies and procedures established to provide reasonable assurance that the organization's specific objectives will be achieved. 1. Control environment 2. Accounting system 3. Control procedures * Internal control classifications 1. Preventive, detective, corrective 2. Feedback, feedforward 3. General, application 4. Input, processing and output COSO - Committee of Sponsoring Organizations * Internal control - process implemented by management, the BOD, and those under their direction to provide reasonable assurance that control objectives are achieved with regard to: ...
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...ESSEC School of Business Writing a Business Plan T‐Box Business plan Submitted By: Zoltan Pepper Anna Kronism Robbin Banks Eva Porate Executive Summary The report presents a business plan for a new start up call T-Box. We have identified a growing need among working professionals in Paris to eat quick, healthy tasty meal at their workplace without making the place messy. We propose to provide neatly packed meals (Indian, Japanese, Lebanese etc) in Tiffin boxes: A box that has multiple compartments packed together. The first outlet will be opened in the La Defense area of Paris. We will outsource the food preparation process, procure tiffin boxes and handle all the logistics involved ourselves. All the four partners will put in € 25,000 each and we will require additional loan of € 100,000. We expect to become profitable right after the first year and reach a net income level of € 300,000 in five years. Table of Contents Executive Summary ....................................................................................................................................... 2 Company Overview ....................................................................................................................................... 4 Market Analysis ............................................................................................................................................. 5 Some numbers about La Defense… ...
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...Small Business Examination Brooke Stamm LDR/531 December 5, 2012 Ricardo Camacho-Zapata The Box Zone is a small business owned and operated by one owner at two locations. Though the company remains profitable after five years, organizational restructuring and training would be highly beneficial. The company is working off of the proper structure, but lacks leadership and proper business management. They have cornered a wholesale market for the public that others have not, and have the potential to be very successful. However, if the practices that are in place remain, the business will surely fail. Organizational structure The Box Zone has a flat organizational structure. Flat organizations are typically only successful in small businesses that do not require several layers of management. The company is comprised of three managers, the owner and one store manager for each location. Having only two stores allows the owner to effectively and quickly communicate with each store manager, while similarly any questions or concerns from the store managers are easily resolved by having only one direct report who makes the business decisions. Effects on success A flat organizational structure leads to more effective communication, decreased costs, increased job satisfaction, and better customer service. The Box Zone managers are in constant daily contact with each other and the owner. The managers are expected to run the stores independently but also create a team atmosphere...
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...net/scoit/dataintegrity/dataintegritymm/Lists/Asset%20Add/AllItems.aspx 2. Click on Request Status 4- Accounting 3. 4. Select an asset business unit 5. Write down the Purchase Order 6. Open people soft 7. Go to main menu-purchasing-purchase orders- review PO info-Purchase Orders 8. Business Unit is PUR01 and the PO ID. Click Search 9. Open new tab in Peoplesoft 10. Main Menu-Asset Management-Send/Receive Information-Preview AP/PO Information. Enter Purchase Order Number. Click Search 11. Click on Pre-Am Physical Tab 12. Input Description, Serial ID, Manufacturer and Model and save it. Get this info from the Data Integrity website. Save 13. Then go to Main Menu-Asset Management-Send/Receive Information- Retrieve info from AP/PO. 14. Change Process Option to either Process Purchase Order or Process Voucher 15. Input for Purchase Order PUR01 for PO Unit and the PO Number 16. Input for a Voucher AP001 for AP Unit and the Voucher ID. 17. Push run and then select process monitor and wait for the Run status and Distribution Status to say Success and Posted 18. Then Click Details-Message Log- and write down the interface ID. 19. Then go to Main Menu-Asset Management-Send/Receive Information-Approve Financial Information-Review. 20. Input the Interface ID and the Business Unit 21. Input the UNIT, Category, Department, Check the Auto Approve Status and enter in the correct TRANS DATE and ACCTG DATE. Save. VERY...
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...The company background and its business nature The Vision of Pizza box is “To be the best Pizza Delivery Company in Hong Kong by providing 100% SATISFACTION to all stakeholders”. Pizza Box is a company concentrating on pizza retailing, especially focus on pizza delivery. The Company was established in 1985 and wa a franchisee of the renowned pizza company Domino’s Pizza in Hong Kong and Macau. By February 2003, the franchisee was expired and the Company was by then no longer operated with Domino’s Pizza. On the first of March in the same year the Company then developed its own pasta and pizza and relaunched as Pizza Box. Pizza Box follows the principle of food quality control of Domino’s Pizza and offers a wider variety of food at a lower price. By now Pizza Box has opened 14 stores located in Hog Kong Island, Kowloon and the New Territories, for example, Pokfulam, Honghom, Tai Po, Shatin and Yuen Long etc. External environment Porter’s Five Forces Model Porter‘s Five Forces Model is a framework to analyze the competitive pressures of industry and business strategy. If consist of 5 aspects 1. Buyer power 2. Supplier power 3. Threat of substitute 4. Threat of new entrants 5. Rivalry among existing competitors Bargaining power of buyer The bargaining power of the buyer is low, because buyer do not has a large , concentrated buying power . Although there are a lot of customers in the market , but most of them are unlikely to buy a large amount products...
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...Small and Medium Enterprises Business Guide SMALL AND MEDIUM ENTERPRISES (SME) BUSINESS GUIDE SUPPORTED BY MARCH 2008 1 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Foreword The Uganda Investment Authority (UIA) is proud to introduce this first Small and Medium Enterprises Business Guide. Small and Medium Enterprises (SME) are the backbone of the Ugandan economy. They contribute to job creation and poverty reduction. SMEs need to be supported to grow from small enterprises to medium and large businesses. This guide provides information and contacts on business licensing, access to finance, entrepreneurship skills training, business development services, and taxation/incentives. I wish to especially thank the Icelandic International Development Agency (ICEIDA) which has funded not only this guide but also entrepreneurship skills training and business development support for SMEs. Uganda Investment Authority has partnered with Makerere University Business School, Management Training and Advisory Centre and Uganda Women Entrepreneurs Association Limited to deliver these services. To my fellow entrepreneurs, I encourage you to use this Small and Medium Enterprises Business Guide to increase the profitability of your business. Patrick Bitature Chairman Uganda Investment Authority 2 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Table of Content I. INTRODUCTION ............
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...Goldilocks traces its roots to the collaboration and complementary talents of the women, whose collective love for good food fueled what has been transformed into the global enterprise today. In 1966, two sisters Milagros and Clarita, and their sister-in-law, Doris, decided to open a small bakeshop along to the Pasong Tamo Street, Makati. The sisters have already been dabbling in the business for some time ---Milagros, by supplying chiffon slices to a number of Manila’s canteens, and Clarita, by baking and decorating cakes during special occasions in Bicol --- when they decided to take their hobby one step further. A third sister, Maria Flor, suggested that they name the enterprise “Goldilocks“, after the character in a fairy tale, aiming to make it easier for children and their mothers to remember its name; and because it suggested luck and prosperity. Over the years, Goldilocks did prosper, but not due to mere luck. The sisters’ dedication, hard work and business sensibilities led to a second branch just two years after the pioneering outlet began operating. From ten employees and two display stands, Goldilocks has become a global brand, expanding to over a total of 250 stores in the Philippines and overseas; and hiring thousands of local employees. The opening day total sales of P574 back in 1966 has multiplied thousand of times over, reaching a system-wide sales of P5.9 billion by the end of 2007. THE MARKET For the most Filipinos, the Goldilocks fairytale has two...
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