Free Essay

Mgt 450

In: Business and Management

Submitted By tfarias
Words 2158
Pages 9

Anthony Farias
Strategic Planning for Organizations
Professor: Vivian Scott
December 8, 2011


Founded in 1997, Reed Hastings observed; noticed and assessed that there was a growing demand for motion picture rentals. Netflix began with an offer for their ever-growing customer base in which competitors like Blockbuster and Hollywood Video had not brainstormed with the idea that would allow customers to select and purchase movie rentals right from the privacy of their own home. No need to wait in line in a retail store anymore for a secondary movie pick because their primary selection was ‘sold-out’; Netflix posed its strategic move against all other competitors and thus came into existence. In 2011 the conditions that all the home entertainment companies must implement to meet or exceed current standards is now more than ever needed with a lagging economy of more than three years. At the same time, consumers are striving to save money, time, and gas as all three of these conditions effect the movie rental industry. This research paper will address a brief history of Netflix, the competitive industry in which they compete, potential breakdowns, and finally an offer of speculation for how to address forecasted future breakdowns in a way that will turn them into positive possibilities.


The vision of Netflix is simplistic: “Our vision is to change the way people access and view the movies that they love.” (, Hastings Reed, 2011). With more than 15 million current members, Netflix is the world’s largest subscription service for the streaming of television and movie picks and sending movies in the mail. New entrants are always a threat to existing companies like Netflix in the industry; however, Netflix continues to innovate at a level which creates a new standard of satisfaction that competitors and new entrants mimic in order to continue existence in the market, and Netflix must continue in this posture in order to stay ahead of them. Though Netflix is an innovator of the online rental service other major competitors like Blockbuster Video offer competitive monthly pricing and additionally have brick and mortar locations strategically placed for quicker access than, say, the United States Postal Service. Other competitors like Dish Network and On Demand with Cox Communications are only frustrating for rentals if you cannot find where you last placed the remote control for your television at home or service breakdown does not allow you to access the programing. These rivalry examples will need to continue inventing actions that take care of fundamental concerns for their customers and their own survival; which among other things will result in pricing wars that consumers will benefit from. Unlike previous industry modifications of media streaming that have been predominantly high-cost; a contributing factor to the decline in pricing will be the scramble to shape the post-DVD era. Digital video discs replaced video tapes; which replaced 8 millimeter and the current revolution of internet streaming will increase portability in a way that will boost consumer engagement in a way like never before. While this produces negative profit for home entertainment production companies; others like Netflix in the rental business will have a changing of the tides and thrive off of this approaching revolution. According to the Digital Entertainment Group, the third quarter generated an estimated four billion dollars for the home entertainment divisions, down 3.2 percent from 2008; yet digital distribution contributed 420 million, which is an increase of 18 percent (Barnes, 2009). Rivalry: The competition is intense between the mainstream movie rental agencies, which include: Blockbuster, Wal-Mart, Movielink, Movie Gallery, and cable ‘on demand’ providers like Cox Communications, Comcast, and Disney. The geographic area of operations has grown from one nation to the entire globe overnight. Companies like Blockbuster may not be viewed as having a competitive advantage with their brick and mortar locations; in fact the trait speaks higher degree of operation costs that competitors don’t need to attack the firm’s market-share. Netflix should be most concerned with the barriers to entry and exit by competitors. While barriers to entry are low the barriers to profitability are very high. Competitors like Cox Communications, Dish Network and Disney have successfully begun vertical integration through use of their own distribution channels, the ‘cable box’ (Gamble & Thompson, 2011). Porters ‘Five Competitive Forces That Shape Strategy’ identifies five forces that diagnose competitive forces in the industry that are dependent upon (Porter, M, 1979): - The extent to which suppliers of movie rentals are able to shape the terms and conditions of sales of the items they supply to consumers. - The nature of collaboration between supplier-seller relations. As indicated by Gamble & Thompson in 2011, “The strongest of the five competitive forces is nearly always the rivalry among competing sellers of a product or service” In this case a service, or experience offered by Netflix and rivals like Block Buster is the strongest competitive force identified in this paper because the difference between what these rental companies can anticipate to produce as it relates with their market objective is small in differentiation. The vertical integration of cable television providers and the ease of consumer’s ability to switch because of no brand loyalty create cut throat intensity for the continuous capturing of new customer entry. Since Netflix’s key success factors are born out of technology so it is no surprise that the company’s strategic management in today’s market is to couple with other big name home entertainment companies like Apple, Microsoft, Nintendo, Sony and many others. Aside from the obvious perk of being able to reach customers through other brand name devices, Netflix is using the supply channels of these other major firms to continue the quest of selling and renting video products. The name exposure is also a mutual benefit for all firms involved because a customer may now be more inclined to buy a video gaming console once they realize that they can streamline a Netflix movie from the same devise; if not for the dual use then for the net savings. Compared against competition disadvantages for Netflix include weaknesses such as inventory control. Many Netflix movies are shipped through the United States Postal Service; as such there is a higher probability for movies to arrive late, damaged or even lost in delivery all together. Additionally, Netflix cannot get a firm grasp of how much inventory they really need to hold due to the customer privilege to hold DVD’s for as long as they choose. A second disadvantage is that Netflix may not be able to hold on to a certain percentage of their client base that only watches one movie each week. Finally, the partnership with other companies mentioned earlier creates fiduciary responsibility for proper name brand representation and ease of use. To address these possible threats Netflix needs to create a management team that strictly works with the web and flow of public relations with each partnership formed, especially the United States Postal Service. With Netflix being such a large customer themselves they will be able to share trends of strengths and weaknesses that the Postal Service might not have otherwise known existed. As mentioned previously, one of the greatest concerns for Netflix viability is to not fall to the interim strategies of price wars against competitors. Since the industry has virtually no customer loyalty because the primary focus for customers is ‘accessibility and price’. The expansion of a ‘customer reward program’ will assist in keeping their existing customer base and further gaining more market-share. Ideas like rewarding customers for turning in their DVD’s back to the firm within 5 days gives you ‘a’ credit; once 10 credits are earned the customer is rewarded with a discount in the following month’s subscription. This is the opposite of a late fee, it is a reward. By default this suggestion also addresses the previously mentioned inventory concern that Netflix has, and that its competitors do not. Recently Netflix found itself in a pickle, as the video giants latest strategic move backfired. Reed Hastings said his biggest mistake was trying to phase out Netflix's once-trailblazing DVD-by-mail rental service more quickly than millions of customers wanted. He and his management team concluded a few years ago DVDs that are destined to obsolescence, so they began concentrating on streaming video over high-speed Internet connections. Ending Netflix's practice of bundling DVD-by-mail and Internet streaming subscriptions together so people are forced to buy them separately was meant to push more households into weaning themselves from discs. Customers instead saw the move as a betrayal by a greedy company and canceled their subscriptions in droves. We became a sort of a Bank of America symbol, which is super unfortunate," Hastings said Tuesday in comments monitored on a webcast. "We berate ourselves tremendously for that lack of insight because it didn't need to be that way. But, you know, in three or five years, we aren't going to remember it. It's going to be: 'Did we succeed at streaming?' That's all people are going to care about in three or five years. So we are not losing too much sleep over it. We are charging ahead." In addition there's damage to repair along the way. Netflix entered October with 800,000 fewer U.S. subscribers than it had at the start of July, and the company has said there have been additional defections in the past two months, although the number hasn't been quantified. The result: Netflix isn't bringing in as much money as it hoped to pay for an expansion in in Latin America and Great Britain and cover rising fees to license movies and TV shows for its video-streaming library. The shortfall will saddle it with a loss next year, the first time that has happened in a decade. Hastings said he expects Netflix to enjoy robust subscriber growth next year, although he doubts the company will be able to match its performance during the first six months of this year when it added nearly 5 million subscribers. Virtually of the company's future growth is expected to come from streaming-only subscriptions. "DVD will do whatever it will do," Hastings said. "We are not going to hurt it, but we aren't putting a lot of time and energy into it." Netflix ended September with 25.3 million subscribers worldwide; including 23.8 million in the U.S. Nearly 14 million of the U.S subscriptions included a DVD-by-mail plan. To ensure it will have enough money to finance its ambitions, Netflix recently raised $400 million by issuing convertible debt to one of its major stockholders and selling 2.86 million discounted shares. That stock sale further irritated investors because Netflix spent nearly $200 million buying back 900,000 shares of its stock at an average price of $218 during the first nine months of the year. Hastings said Netflix probably could have gotten by without the extra money, but he decided to raise the extra cash to avoid a “crisis of confidence” among the company’s supplier including movie and TV studios that license their video and sell their DVDs to the company. Netflix has revolutionized the way that people rent movies by bringing the movies directly to them. The innovation is radical with its infection on the market-place because the firm cannot be understood from an understanding of prior technology. Netflix has created a new ontology that must be dealt with by competitors in order to succeed. With its first service of mailing movies directly to consumer’s homes, Netflix will continue to open new possibilities for the next three to five decades as they continually to grow and improve their market share with our ever-growing ever-changing technology advancements.

(Anonymous 19 Netflix Inc.)Netflix Inc. Retrieved 12/7/11, 8B. Retrieved December 7, 2011 from ProQuest database (2114045881).

Cox to offer retail TiVo Premiere DVRs next year, first with cable VOD & Amazon, Netflix access. (12 August). Engadget [Engadget - BLOG], Retrieved December 7, 2011, from ProQuest Central. (Document ID: 2107555801). (Barnes B 25 Media & Advertising)Barnes, B. (25). Media & Advertising. DOI: Media & Advertising (Covert J 2010 Blockbuster Buying Time.)Covert, J. (2010). Blockbuster Buying Time. New York Post, , 25. Retrieved December 5, 2011 from ProQuest database.

Friedman, L.. (2011, December). Has Netflix Completely Lost Its Way? Macworld, 28(12), 104. Retrieved December 7, 2011, from ABI/INFORM Global. (Document ID: 2518869731).
(Gamble J Thompson A 2011 Essentials of Strategic Management)Gamble, J., & Thompson, A. (2011). Essentials of Strategic Management (2nd ed.). New York, New York: McGraw-Hill.

(Porter Five Competitive Forces that Shape Strategy)Porter, M. (1979). The Five Competitive Forces that Shape Strategy. (pp. 82-83).

Similar Documents

Premium Essay

Mgt 450 - Week 5 Final Paper

...Acting Strategic Growth Plan For DTAG Student Name MGT450: Strategic Planning for Organizations Instructor: Carol Hooper-Boyd August 12, 2013 Acting Strategic Growth Plan For DTAG Strategic management is very important in the business world. It is the way leaders or organizations steer their company to success over both the short- and long-term. It encompasses a host of decisions that range from what the company will produce, to how it will compete in its industry, to how it will grow over time. At the heart of strategic management is strategic planning. In this paper, the company Dollar Thrifty Automotive Group, Inc., will be analyzed as a strategic plan is presented in regards to growing the business over the next three years. Also, a plan for the measurement of the acting strategic plan's success will be laid out as well. Overall, it will be shown that DTAG can continue to grow over the next three years with a strategic commitment to improving the fleet management process, capitalizing on the growth of the global tourism industry, reducing customer reliance on third-party booking companies, and improving employee satisfaction. Dollar Thrifty Automotive Group, Inc. (DTAG) is an organization whose primarily focus is engaging in the business of renting vehicles to business and leisure customers through company-owned and franchised facilities. The company's rental facilities are mostly located in popular airport locations across the globe. In the car rental......

Words: 4037 - Pages: 17

Premium Essay

Simply Wooo

...UNDERGRADUATE CURRICULA AND FACULTY 2007 – 2011 Proposed 2009 – 2013 2 Requirements for the BBA degree: Foundation Courses 40-41 Credits Core Courses 45 Credits Departmental Requirement 24 Credits Minor 15 Credits Total variable requirement for Graduation 124-125 Credits Foundation Courses Communication Skills ENG 101 ENG 102 ENG 105* ENG 106 ENG 202 Listening and Speaking Skills English Reading Skills Business English Advanced English Skills Introduction to English Literature 40-41 Credits 9 3 3 3 3 3 * Prerequisite ENG 101 & 102 Note: students not exempted from ENG 101 and ENG 102 will have to take ENG 101, ENG 102 and ENG 105. Note: students exempted from ENG 101 and ENG 102 will have to take ENG 105, ENG 106, ENG 202 Computer Skills CIS 101* CSC 101** Fundamentals of Computer System Introduction to Computer Science 3 3 3 * For students without basic knowledge of computer **For students with basic knowledge of computer & mandatory for students with Major in subjects offered from the SECS Numeracy MAT 100* MAT 210* Basic University Mathematics 1 Basic University Mathematics 2 6 3 3 3 *MAT 100 and MAT 210 mandatory for SLAS majors(English, Media & Communication, Anthropology) other than Sociology MAT 101* MAT 211* MAT 102* MAT 212* Intermediate University Mathematics II Probability and Statistics Introduction to Linear Algebra & Calculus Probability & Statistics for Sc. & Engr. 3 3 3 3 **MAT 101and MAT 211 mandatory......

Words: 16148 - Pages: 65

Premium Essay

Get Online Help with Ur Assignment Ashford a+Material


Words: 3197 - Pages: 13

Free Essay

Homework Lance Online Homework Help


Words: 1331 - Pages: 6

Free Essay

Homework Lance


Words: 1331 - Pages: 6

Premium Essay


...ARC-3 (Nadine) Section BUS-1 (Dima) Section BUS-2 (Dima) Section BUS-3(Dima) Section BUS-4(Rola) Section BUS-5(Rola) Section COMM 1-(Rama) Section COMM 2-(Rama) Section ENG 2-(Rola) Section ENG 3-(Rola) Section ENV 1-(Carlee) B2-03 B2-03 B2-03 D3-11 D3-11 D3-07 D3-07 D2-07 B2-10 B2-10 D2-07 D2-07 B2-03 MTH 002 Pre-Calculus Section 1(Campbell) Section 2(Campbell) B1-07 B1-08 D3-03 GED 196 Communication Skills in Arabic 1 Section A-1(Dalal Halalat) Section A-2(Sherif Sharkawi) Section A-3(Dalal Halalat) Section A-4(Dalal Halalat) Section E-1(Sherif Sharkawi) Section E-2(Sherif Sharkawi) B2-10/B2-01 D3-07/D2-04 B2-03/B2-01 B2-07/B2-01 D3-11/ D2-04 D3-07/D3-11 D2-07/ D2-04 D2-07/ D2-04 BUS 111 Marketing of Services GED 132 MGT 405 MTH 001 GED 252 Science and Technology in Society Business Ethics and Social Responsibility College Algebra Critical Thinking Section E-1(Mustafa Tajdin) B2-03 B1-11 B2-10 GED 195 SWS 320 D3-07 D3-07 D3-07 D2-07 D2-07 D2-07 Section E-3(Sherif Sharkawi) Section E-4(Sherif Sharkawi) Descriptive Geometry(SA) Operational Research B1-08 B1-08 7th December 2013 LNG 173 Professional Communication Skills Section ARC & ENG 1-(Henrick) Section BUS 1-(Henrick) Section BUS-2(Henrick) Section ARC 1(Rama) Section ENV 1(Rama) B3-07/B3-08 B3-01/B3-08 B3-08/ B2-07 B1-07 B1-08 Section E-2(Mustafa Tajdin) Section E-3(Mustafa Tajdin) Section A-1(Rawa) Section A-2(Rawa) Section A-3(Rawa) 1 LNG 172 English II Section......

Words: 2527 - Pages: 11

Premium Essay

Strategic Vision

...Vision Statement for Dynamic I.T Services MGT 450: Strategic Planning for Organizations Instructor: Carol Hooper-Boyd 13 January 2014 Vision Statement for Dynamic I.T Services Dynamic I.T services is the first corporate I.T service contractor and as such intends to establish an industry with itself seated at the top, encouraging others to enter the industry while still setting trends and being the standard which all other persons in the industry follow. Dynamic I.T services will effectively establish a corporate I.T services contracting agency offering various dedicated technical support services and establishing various offices housing call centers and deployable technicians in key north eastern cities that house the most concentrated corporate work centers. Within 10 years Dynamic I.T Services will have offices on a dynamic scale with detachment offices being offered to organizations with a higher need for readily available technicians. As new technologies emerge, Dynamic I.T Services will ensure that its technicians remain on the cutting edge by ensuring that training and education is readily available for its members ensuring that its customers still receive the best service while never hearing a technician say “I don’t know how to do that”. As Dynamic I.T Services introduces new technology and implements new business practices other organizations in the industry will follow suit, as Dynamic I.T Services intends to stay ahead of the curve and be the first to......

Words: 403 - Pages: 2

Free Essay

Engl 230

...ACC 560,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 560,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 561,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 561,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 565,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 565,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 346,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 346,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 434,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 434,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 567,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 567,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, PHI 200,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, PHI 200,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, Res 301,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, Res 301,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford BA......

Words: 4565 - Pages: 19

Free Essay

Hist 415

...,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 307,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 307,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 344,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 344,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 346,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 346,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 403,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 403,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 504,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 504,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 560,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 560,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 561,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 561,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC......

Words: 5653 - Pages: 23

Free Essay


...Degree Requirements Students must complete a minimum of 140 credits to graduate. After the third year, each student is required to devote at least five weeks to the summer internship prior to graduation. Each student is required to complete, over a two-course sequence, a senior design project in the fourth year. All industrial engineering students are required to take a comprehensive assessment examination during their senior year. Students seeking the BSIE degree must satisfy the following requirements: General Education Requirements (minimum of 44 credits) • a minimum of 18 credits in courses meeting the core general education requirements: - history and culture of the Arab world requirement: three to six credits - culture in a critical perspective requirement: three to six credits - arts and literature requirement: three to six credits - human interaction and behavior requirement: six to nine credits • natural and physical sciences requirement: CHM 101, PHY 101 and PHY 101L • mathematics requirement: MTH 103 and MTH 104 • statistics requirement: satisfied through NGN 111 • communication requirement: a minimum of 12 credits in 100-level or above writing (WRI)/English (ENG) courses, including ENG 204 and ENG 207 • ethical understanding requirement: satisfied through INE 490 • discipline-specific writing intensive course requirement: satisfied through INE 491 • oral proficiency requirement: satisfied through INE 491 • information literacy requirement: satisfied through WRI......

Words: 503 - Pages: 3

Premium Essay

Conduct a Swot Analysis

...Conduct a SWOT Analysis Belinda Pringle MGT 450 October 31, 2013 Douglas Nelson DSB Enterprises is an Independent Marketing Director (IMD) partnership affiliated with Team National. As an accredited member of the U.S. Chamber of Commerce, (2012), DSB Enterprises is confident in its affiliation with Team National. We offer membership savings by providing reduced costs of products and services in great variety in over 20 different industries while offering an industry leading compensation program for those that choose to market memberships, (, 2013). SWOT Analysis for DSB Enterprises/Team National. Strengths: Over $35.4 million annual revenue. #1 Rating with D& B. A+ rating with Better Business Bureau. 17 years successful experience in the industry. Unique opportunity to both save and earn. • Tools & supporting personnel available for training. • • Experienced workforce is dedicated to team culture. • • Leads MLM industry with hybrid binary compensation. • • Cost effective support materials. • • Cross-functional lines of communication between IMDs and support personnel. • • Strong partnership with communities as well as IMD collaboration. • • Proactive management team. • • Uniformity between divisions/teams. • • Strong communication between management, IMDs, and Business Exchanges. Weaknesses: MLMs are becoming competitive in modeling compensation plans and payout percentages after TN. U.S.......

Words: 593 - Pages: 3

Premium Essay

Acquisition Strategy

...The Acquisition Strategy Jill A. Dilts MGT 450: Strategic Planning for Organizations (BII1211B) James Demeaux April 1, 2012 The Acquisition Strategy An acquisition is a combination in which one company, the acquired, purchases and absorbs the operations of another, the acquired (Gamble & Thompson, 2011, p. 119). Acquisitions are complex and risky – it can affect shareholders, yes it is a powerful tool for accelerating growth. Companies have been successful with merger and acquisitions. I believe it is important to understand how an acquisition benefits the buying company. There are several types of acquisitions, there is Asset acquisition where a buyout strategy in which key assets of the target company are purchased, rather than its shares. A stock purchase involves the purchase of the selling of the company’s stock only. There are advantages of asset vs. disadvantages of asset purchases. An advantage – is an asset acquisition the buyer is able to specify the liabilities it is willing to assume, while leaving other liabilities behind. A disadvantage – it is necessary for the selling of the companies assets to be retitled in the name of the buyer. The first industry I’d like to talk about is the technology of cloud based business data service market. completed the acquisition of Jigsaw, it was a successful in acquiring the real-time business data. Jigsaw was the privately held leader in......

Words: 861 - Pages: 4

Free Essay

Demonstrative Communication

...Decision-Making Process Paper Tina Felder MGT/230 December 12, 2011 For this assignment I am going to discuss the steps my fiancé and I took in coming to the decision to move to Louisiana. Jerry and I had been together for one and a half years before we started really talking about relocating. Don’t get me wrong, the notion did not come out of the blue. He would make comments like, “I may live here (here being South Carolina) but my home is in Marrero” and “I sure would love to move back home (once again, home being Marrero).” I did not won’t to move from the place I had called home for ten years but I, or shall I say we, made the decision to do a lot of research before just packing up and hitting the road. The first step was to research the job markets in each of our fields of employment. I searched The Times Picayune (local newspaper) classified website,,, and In doing so, we discovered that there were plenty of openings for mechanics, managers, and office staff. I did comparisons between the job I was doing as a receptionist/classified ad representative for the local newspaper getting paid $8.25 per hour to openings I had found during my research and found that the rate of pay being offered was almost 9% more than my current salary. (, 2011) The second step was to research the schools and the school districts. We narrowed the number of schools based on graduation percentage, program offerings, and diversity......

Words: 830 - Pages: 4

Free Essay


...Recognized Courses in Accounting/Tax Research and Analysis and Accounting/Business Communications September 3, 2014 The Texas State Board of Public Accountancy requires each candidate to complete a minimum of two semester hours in accounting research and analysis or tax research and analysis from a recognized college or university. The semester hours may be obtained through a discrete course or offered through an integrated approach. If the course content is offered through integration, the college or university must advise the Board which course(s) contain the research and analysis content. Courses identified through integration must dedicate 1 semester hour, or quarter hour equivalent, to research and analysis. Courses used to meet this requirement may not be used to meet the requirement for accounting or business communications described below. Course(s) identified by a university to meet the requirements for research and analysis in accounting or taxation should primarily address the identification, organization, and integration of diverse sources of information such as authoritative literature and pronouncements, to reach a conclusion or make a decision; and should analyze accounting and taxation issues by reviewing information, using empirical data and analytical methods, recognizing data in patterned activities, forecasting, and integrating data. CPAs may be asked to conduct research and analysis when providing attest services, professional......

Words: 3741 - Pages: 15

Premium Essay


...MGT 230 September 28, 2013 Organizational structure by definition consists of activities such as task allocation, coordination and supervision, which are directed towards the achievement of organizational aims. This structure determines how the roles, power and responsibilities are assigned, controlled, and coordinated and how information flows between the different levels of management. A structure depends on the organization’s objective strategy. My employer, Rainforest Café, uses a centralized structure. Landry’s Incorporated is the owner and operator of more than 450 properties including McCormick & Schmick’s, Chart House, Bubba Gump Shrimp, Claim Jumper, Golden Nugget Hotel and Casino and Rainforest Café just to name a few. As one of America’s largest dining, entertainment, gaming and hospitality companies, Landry’s guarantees the moment a guests walks into one of the properties, the ambiance will solidify that they are in for something special. Landry’s renowned reputation is upheld by an unwavering commitment to customer service and satisfaction. When it comes to Rainforest Café centralized structure, the top layer of management has most of the decision making power and has tight control over departments and divisions. The decisions made by the higher management are typically communicated to lower organizational tiers who are then expected to accept and move forward in a way consistent with those decisions. In contrast, decentralized organizational......

Words: 1050 - Pages: 5