...Plan Part I: Lear Corporation Lear Corporation is a huge company within the industry it is operating. Lear Corporation started its existence almost a century ago, in the year 1917 as American Metal Products, and it continued its development throughout the time by making several acquisitions and going public in 1994. Lear Corporation strives to respond to the changing needs of the automotive industry and successfully manages to be “a global leader in automotive seating and electrical systems” (Lear Corporation, 2015). Lear Corporation has a simple vision that has four major bullet points, and this vision statement clearly represents how the company sees itself and how it positions itself within the industry. * A supplies of choice * An employer of choice * The investment of choice * A company that supports the communities where we do business (Lear Corp., 2015) The vision statement of Lear Corporation implies that the company strives to be the first in the market. In addition to that, Lear states that it has core values that the company constantly fulfills no matter what: (1) customer focus, (2) operational excellence, (3) teamwork, (4) integrity, (5) diversity, (6) and community service. Those core values exist in every division of the company, in every transaction and in every move, Lear makes throughout their operations (Lear Corporation, 2015). Currently the company is working with four major categories of products: connectivity, seating, craftsmanship...
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...Products Tiffany Major - Cooper Marketing Management / MKT 500 Dr. Shirley McLaughlin October 30, 2011 Choices My business Choices will be a Not for Profit, based upon educating women and children in abusive relationships. It would include helping them find resources to remove them from their environment, getting into support groups, other therapeutic techniques and starting educational classes if needed. Choices would need to determine which marketing objectives were needed if it wanted to start. It would also need to determine where it would be in the next year or longer, how Choices would get there, and how it will in point of fact know if it met its goals or not. I believe marketing objectives are very important for Choices, since the company is a not for profit company funding is a major key component that plays a big part in Choices functions. Without the proper funding Major Choice will not exist. Marketing will be important because Choices would be life changing for women and children and would need to take certain steps to make the women and children happy and healthy. Laura Lake in Eight Steps to Marketing Your Nonprofit Organization states “Marketing is an unfamiliar concept for many nonprofit organizations. It's important that these organizations understand that marketing is more than just the old sense of making a sale or obtaining a donation. Marketing is a way to satisfying the consumer and donor needs.” (Lake, 2011) Marketing for Choices should include...
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... A minimum of 8 units (48 credit points) must be taken at Monash University, Caulfield campus. A minimum of 12 units (72 credit points) must be taken at Monash University. Common Core Units Students MUST complete all 6 compulsory common core units: AFF1000 BTF1010 ECF1100 ETX1100 MGF1010 MKF1120 Principles of accounting and finance Commercial law Microeconomics Business statistics Introduction to management Marketing theory and practice Accounting Major Units Students MUST complete all 6 compulsory major units: AFF1000 Principles of accounting and finance (also completed in the common core) AFF1121 Introduction to financial accounting (Prerequisite: AFF1000) AFF2391 Cost information for decision making (Prerequisite: AFF1121) AFF2491 Company reporting (Prerequisite: AFF1000 & AFF1121) AFF3431 Performance measurement and control (Prerequisite: AFF2391) AFF3491 Advanced financial accounting theory and practice (Prerequisite: AFF2491) Students MUST complete an additional 4 major units from the following list: AFF2631*^...
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...rhetorical choices. Rhetorical choices play an important role in writing. They’re the “key ingredients” in a paper in order to capture readers’ attention and achieve writers’ purposes. When I was in Human Resource Organization Behaviors 101 class, professor Thomas Shirley assigned an ethics case for each group. I joined a group of five people and we got together for several group meetings. Finally, I was assigned to compose the “Ethical Analysis” section. Toward to the paper deadline, we produced the paper called “Starbucks: Friend or Foe.” The purpose of the assignment was to argue that whether the company’s decision was ethical when Starbucks fired employees for supporting unions and applied the four-component model of ethical decision making to this case. Discourse community is an essential factor when composing a paper. According to “Students Writing Handbook”, discourse community is a unique communication tool which people use to communicate with their readers within their fields (30). Since the paper was written for a required upper division major core course, the discourse community is all business majors. The genre was a general business paper with three sections: case summary, ethical analysis, and recommendations. We are college students are trained to become more professional in our careers. As a result, my group paper’s intended audiences were only Professor Thomas Shirley and classmates. My purpose of the paper was to convince my readers that Starbucks company was unethical...
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...beautiful five star hotel that is located in Bangkok. This hotel was established by a local group of investors and was operated by a Thai general manger at the beginning. This Regency Hotel was one of the country’s most prestigious hotels. The employee count for the hotel was around 700 and the moral of the employees was very high. They hotel offered very good employee benefits, above average salaries, plus job security. They also included a great yearend bonus that was not based on the hotels overall performance. After some time the hotel was sold to a very large American hotel chain, after finding out the general manager decided it was time to take an early retirement because of the change of the ownership. For the most part the American company kept all of the Regency’s employees and only did minor transfers of positions. The new general manger was named John Becker, he was an American manager with 10 years of experience in the industry. The decision to choose Becker was easy due to his success in integrating pervious hotels in the past. Becker strongly believed in empowerment, which is a certain degree of autonomy and responsibility for the decision-making regarding the hotels tasks. Becker expects his employees to really go the extra mile. Becker expected the employees to be guest-oriented at all times to drive up the customer service. Becker had a lot of success in his previous positions from empowerment, and found that it increased the motivation, performance, and job satisfaction...
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... True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False 4. A controller is normally involved with preparing financial statements. True False 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False Multiple Choice Questions 6. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies, managerial accountants make significant business decisions and resolve operating problems. E. The role of managerial accountants has changed considerably over the past decade. 7. The day-to-day work of management teams will typically comprise all of the following activities except: A. decision making. B. planning. C. cost minimizing. D. directing operational activities. E. controlling. 8. Which of the following functions is best described as choosing among available alternatives? A. Decision making. B. Planning. C. Directing...
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...such business transactions can cause legal barriers to entry market. Possible ethical dilemmas that are present within the relations between the companies will also be discussed. Furthermore, the drawbacks consumers have to face when two companies merge will be addressed as well. Introduction An investigation into a pharmaceutical company’s supposed intentions to curtail generic competition regarding an antidepressant drug, which is the company’s best brand name seller, has brought about a few questions as to why the company would do this to consumers. Prescription medication is expensive enough without pharmaceutical companies hindering the market entry of its generic counterparts. Generic medication gives consumers a choice to spend more or to spend less for their health care, and in the long-run gives them a choice for a more cost-effective livelihood. Without the options of choosing a cheaper form of medication, consumers are being taken advantage of. This leaves no room for choice and thwarts fair market competition. With a 22% increase of profits in comparison to the previous year, it is quite obvious that this brand- name manufacturer and generic companies have disobeyed federal antitrust laws. Therefore the Federal Trade Commission is performing an investigation to ascertain if brand name companies and generic drug makers have acquiesced the stymie of generic competition, which leads us to our first question. Why would the drug maker...
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...ACCOUNTANTS Jackson States offers many majors. If the career selection were child education or music, there is an opportunity to fulfill the career path at many colleges. Math and numbers have always been an interest, came as second nature. Today presented is the knowledge accounting explores, the professions to which it leads, and salary. In order to choose a major there has to be a connection. The accounting major prepares individuals for analysis, planning, control, and decision-making. In addition to accounting courses, students develop oral and written presentation skills, listening skills, leadership, and career preparedness. Courses required include economic and managerial perspectives on the relationships among business activity, economic outcomes, and evaluation of business performance. In-depth study in financial reporting, managerial accounting, taxation, and auditing will also be courses that are required gain knowledge in to become an accountant. Once obtaining a degree, there are many professions to choose from as an accountant. Standard accountant (General Ledger accountant), Auditor, Inventory accountant, Financial analyst, Budgeting accountant, Tax accountant, are all professions of accountants. The first one, standard accountant, verifies transactions and do the reports needed by those inside and outside the company. Auditors’ takes already prepared statements and ensure that they are legally reported. Inventory accountants are responsible for...
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...Bloom's: RC Difficulty: Easy Learning Objective: 01-02 Explain four fundamental management processes that help organizations attain their goals. 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. FALSE AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Research Bloom's: RC Difficulty: Easy Learning Objective: 01-03 List and describe five objectives of managerial accounting activity. 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. TRUE AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Reporting Bloom's: RC Difficulty: Easy Learning Objective: 01-04 Explain the major differences between managerial and financial accounting. 4. A controller is normally involved with preparing financial statements. TRUE AACSB: Analytic AICPA BB: Resource Management AICPA FN: Reporting Bloom's: RC Difficulty: Medium Learning Objective: 01-06 Describe the roles of an organization's chief financial officer (CFO) or controller Learning Objective: and internal auditor. Learning Objective: treasurer 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. FALSE AACSB: Analytic AICPA BB: Industry AICPA FN: Reporting Bloom's: RC Difficulty: Easy Learning Objective: 01-07 Briefly describe some of the...
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...considered internal users of accounting information rather than external users. True False | 4. | A controller is normally involved with preparing financial statements. True False | 5. | The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False | 6. | Which of the following statements about managerial accountants is false? A. | Managerial accountants more and more are considered "business partners." | B. | Managerial accountants often are part of cross-functional teams. | C. | An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. | D. | In a number of companies, managerial accountants make significant business decisions and resolve operating problems. | E. | The role of managerial accountants has changed considerably over the past decade. | | 7. | The day-to-day work of management teams will typically comprise all of the following activities except: A. | decision making. | B. | planning. | C. | cost minimizing. | D. | directing operational activities. | E. | controlling. | | 8. | Which of the following functions is best described as choosing among available alternatives? A. | Decision making. | B. | Planning. | C. | Directing operational activities. | D. | Controlling. | E. | Budgeting. | | 9. | Which of the following managerial functions...
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...those alternatives, and finally to choose the most convenient options. To be specific, company needs to make decision about the following: * Choice of Target Market * Product Line and Positioning Choice * Marketing Channel Choice * Advertizing and Promotion * Pricing and Profitability COMPANY FACTS One of North America's leading refreshment beverage companies, DPS, markets more than 50 brands of carbonated soft drinks, juices, teas, mixers, waters and other premium beverages. The company's strategy, brands and people have made it a strong, sustainable and profitable business throughout the years. The company today known as DPS has evolved from a combination of discovery, invention and collaboration. This rich history includes the very birth of the soft drink in 1783, when Jean Jacob Schweppes perfected the process for carbonating water and created the world's first carbonated mineral water. In 2000, Cadbury Schweppes acquired Snapple Beverage Group, which included the namesake brand as well as RC Cola, Diet Rite and Stewart's, among others. During the 2007 year management made decision to launch new product, and in late may they lunched ready to drink (RTD) sport drinks. After that, they were thinking about aggressive strategy and had to make decision about branding new product, energy beverage. Energy beverage market was growing market, but also there were a few strong companies with the products that were already...
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...Supply Additions for the Next Three Years, Displays Current Census Counts and Provides New Supply Additions for the Previous Two Years (Lodging Econometrics, 2013). 1. b. The one trend that I think is an up and coming major player with hotel competition is the introduction of Airbnb. The innovative way of travel that the company provides is going to give traditional hotel vacations a run for its money. People do not care as much as they used to about hotel brand when they plan their travel. What they care about is a hotel's location, value, and review (Singh, 2013). 2. a. Similarities among the three websites are that all offer a multiple property sites globally. Two of the three offer luxury property sites only while the other site has property sites that meet the needs of the average family traveler. 2. b. The target market for two of the three is more of the upscale luxury traveler and not the family traveler; more so the investor of luxury rather than the common vacationer. 2. c. One of the sites is strictly a lodging trust company that offers a variety of hotel and resort properties. It is partnered with several different properties to offer a global opportunity. The other two sites offer hotel and properties that are owned by their parent company and offer properties globally as well but only through their brand. 2. d. The Felcor Lodging Trust would be the paper clip REIT....
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...Multiple Choice Question 56 Supply chain management involves managing: • the flow of internal information only. • the flow of materials and information from suppliers and buyers to the final customer. • the flow of raw materials to inventory only. • managing the stock room supply only. Multiple Choice Question 14 A company with a low customer contact that is capital intensive is called: • a farm • manufacturing • quasi-manufacturing • service • industrial era operations management Multiple Choice Question 50 When was the first mathematical model for inventory management developed? • 1770 • 1865 • 1900 • 1913 • 1930 Multiple Choice Question 68 Operations management personnel perform a variety of functions, including all of the following except ___________________. • analyzing production problems • analyzing potential mergers • developing forecasts • developing employee schedules • monitoring inventory Multiple Choice Question 7 At the GAP, which function plans and coordinates all the resources needed to design, produce, and deliver the merchandise to its various retail locations? • engineering • human resources • marketing • operations management • purchasing Strayer University Midterm Exam Study Guide BUS 515 Midterm Exam Multiple Choice Question 24 When does productivity increase? • inputs increase while outputs remain the same • inputs decrease while outputs remain the same • outputs decrease while inputs remain the same •...
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...Solectron Supply Chain Management Best Practice Background Solectron was founded in 1977 as the as the “Solar Energy Company”, and originally produced solar energy products. Today it is a worldwide provider of electronics manufacturing services to original equipment manufacturers (OEM’s). The company provides customized, integrated manufacturing services that span all three stages of the product life cycle, including pre-manufacturing, manufacturing, and post-manufacturing (see Table 1). These servies are now integrated to the point where Solectron is now responsible for all supply chain processes associated with sourcing parts, building, and distribution of electronics and systems for almost every major OEM customer in the industry. A list of primary OEM customers is shown in Table 2, which spans the telecommunication, networking, computer systems, peripherals, semiconductors, consumer electronics, industrial equipment, medical electronics, avionics, and automotive electronics industries. These industries are in different stages of maturity, with network manufacturers fairly new, and computer systems fairly mature. The diversity of major customers in this list is testimony to their success. In 1991, Solectron won the Malcolm Baldrige National Quality Award, reflecting the high level of performance achieved within this company. The company has also been honored with more than 100 recognition awards, 25 of which were received this year (see Table 3). The financial...
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...Name The marketplace, regardless of the products being traded is changing on a daily basis. Organizations are thus forced to accommodate the changing business environments so as to remain relevant or take advantage of a new trend in the market. One of the major steps that organizations are considering is merging with other organization in the same trade. Mergers are especially common when the merger presents a gain to the shareholder of the two companies (Sanghoee, 2005). The following paper will critically analyze the proposed merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange. It will show the advantages of the merger and the potential benefits to the shareholders, the government, and other stack holders. It will also show the likely disadvantages of the merger. The paper will show how various departments in the merging organizations will be affected. Finally, the paper will show instances where mergers are appropriate. The proposed merger between Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) look certain to go through. When the merger happens, it will provide the United Arab Emirates with a phenomenal chance to have one of the strongest securities exchange company with the world. Coming on the heels of the Dubai financial crisis of 2009-2010, which saw the Dubai World ask for a ‘standstill’ in its debt payment program. The announcement made bonds and equity markets come down crashing as market observers made the investors...
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