...| Cost Club | Memo To: | Pat Sutton | From: | Leonna Whitfield | | | Date: | June 23, 2015 | Re: | Human Resource Issues | | | Discharges at the Anderson Cost Club Store Pat, since the Anderson Cost Club Store is located in a right-to-work state, the general manager was justified in not giving the employees a reason for being discharged. There is no evidence of any broken labor laws or violation of employee rights on behalf of the general manager. In a right-to-work state, an at-will employee can be terminated at any time and without notice; as long as the discharge is not for reasons of discrimination, intimidation, retaliation, or breach of contract. There have been no formal complaints about any unethical treatment or violations from the discharged employees. Since this particular store is located in a right-to-work state, I can assume that the discharged employees signed an at-will-employment agreement which notifies them of the company’s right to terminate their employment without notice. Reducing Employee Costs According to (Bennett-Alexander & Hartman, 2007), the definition of an employee differs depending on the statute, case law, and other analysis. For example, the Retirement Income Security Act defines “employee” as “an individual employed by an employer”, but one court determined that the nominal definition is completely circular and explains nothing (Bennett-Alexander & Hartman, 2007). Although it is slightly difficult to distinguish...
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...assessment grade. Case under Observation: This is a case study of a U.S. company called Cossco, Inc, depicted in different scenarios 1 through 4, carrying a maximum of 70 marks. Each scenario is presented in a way that encapsulates the topics in your syllabus for International Trade Finance. Students are advised to closely read each scenario and understand the issues faced by the CFO and financial analyst. Recommendations are to be given in a logical and concise manner. __________________________________________________________ Scenario 1 20 Marks Cossco, Inc is a U.S based company that has been incorporated in the United States for three years. It’s a small company with total assets worth $300 million. The company produces a single type of product, golf clubs. Cossco during the boom time, has been quite successful. However, the demand for “IRONS”, the company’s primary product in the United States, has been slowly decreasing since last year. Cossco’s shareholders have been pressuring the company to improve its performance. Cossco produces high-quality golf clubs and employs a unique production process, but the prices it charges are among the top 5 percent in the industry. In light of these circumstances, Chris Mathew, the company’s chief financial officer, is considering the following: If Cossco cannot penetrate the U.S. market further or reduce costs here, why not import some parts from overseas and/or expand the company sales to foreign countries? International Trade...
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...CHAPTER 9 RISK ANALYSIS, REAL OPTIONS, AND CAPITAL BUDGETING Answers to Concept Questions 1. Forecasting risk is the risk that a poor decision is made because of errors in projected cash flows. The danger is greatest with a new product because the cash flows are probably harder to predict. 2. With a sensitivity analysis, one variable is examined over a broad range of values. With a scenario analysis, all variables are examined for a limited range of values. 3. It is true that if average revenue is less than average cost, the firm is losing money. This much of the statement is therefore correct. At the margin, however, accepting a project with marginal revenue in excess of its marginal cost clearly acts to increase operating cash flow. 4. From the shareholder perspective, the financial break-even point is the most important. A project can exceed the accounting and cash break-even points but still be below the financial break-even point. This causes a reduction in shareholder (your) wealth. 5. The project will reach the cash break-even first, the accounting break-even next and finally the financial break-even. For a project with an initial investment and sales after, this ordering will always apply. The cash break-even is achieved first since it excludes depreciation. The accounting break-even is next since it includes depreciation. Finally, the financial break-even, which includes the time value of money, is achieved. 6. Traditional NPV analysis is often...
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...Running head: COST CLUB SCENARIO 3 Cost Club Scenario 3 University of Phoenix HRM-546 April 14, 2014 Cost Club Scenario 3 Introduction Every employee has fundamental rights in the workplace that include their right to privacy, fair compensation and free from discrimination. Even applicants have rights before they are hired as an employee. Some of those rights include discrimination that is based solely on a person’s race, gender, age, religion, national origin, or during the hiring process (FindLaw, 2014). Employee Privacy * Employees have the right to privacy with regards to their personal possessions * This includes their purses, handbags. Briefcases, lockers. * Employees have limited rights with respect to e-mail messages and internet usage while using Cost Clubs computer system * Employers do not have the right to conduct a credit checks or background checks on an employee or perspective employee without the express written permission of the employee (FindLaw, 2014). Employee Unions Under the National Labor Relations Act (NLRA), employers are forbidden from interfering in an employee’s right to organize, or to join or assist in a labor organization for collective bargaining purposes, or prohibit working together to improve terms and conditions of their place of employment. Union employer’s may not coerce their employees in exercising any of their rights such as (National Labor Relations Board, 2014): * It is illegal for an employer...
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...Scenario One: Cost Club HRM/546 May 28, 2012 DATE: May 28, 2012 SUBJECT: Cost Club Human Resources Concerns Cost Club is administratively organized into regions, and each region develops their own operational policies as long as the low cost bottom line and reasonable customer service is maintained (University of Phoenix, 2012). There are several routine human resources issues that need to be addressed in the workplace. The first issue involves potential wrongful discharges at the Anderson Cost Club store. The second issue is assisting the regional CEO in reducing employee costs; addressing the use of independent contractors and temporary employees. The third issue involves determining if Cost Club is legally responsible in three separate situations because of employee or vendor error. The fourth issue is addressing alternatives to settle disputes between employees and the company. The last issue involves addressing the Employment Law concepts that can arise in personnel actions, and assisting in the training around best practices in selection, promotion, and performance evaluations of employees. Message 1: Discharges at the Anderson Cost Club store The Anderson Cost Club store is located in a right-to-work state which secures the right of employees to decide if they want to join or financially support a union. This will have nothing to do with how or why the two employees were terminated from Cost Club. The GM at the Anderson Cost Club store terminated the...
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...Hrm 546 Scenario One: Cost Club Cost Club is administratively organized into regions, and each region develops their own operational policies as long as the low cost bottom line and reasonable customer service is maintained (University of Phoenix, 2012). There are several routine human resources issues that need to be addressed in the workplace. The first issue involves potential wrongful discharges at the Anderson Cost Club store. The second issue is assisting the regional CEO in reducing employee costs; addressing the use of independent contractors and temporary employees. The third issue involves determining if Cost Club is legally responsible in three separate situations because of employee or vendor error. The fourth issue is addressing alternatives to settle disputes between employees and the company. The last issue involves addressing the Employment Law concepts that can arise in personnel actions, and assisting in the training around best practices in selection, promotion, and performance evaluations of employees. Message 1: Discharges at the Anderson Cost Club store The Anderson Cost Club store is located in a right-to-work state which secures the right of employees to decide if they want to join or financially support a union. This will have nothing to do with how or why the two employees were terminated from Cost Club. The GM at the Anderson Cost Club store terminated the two employees because he wanted to downsize his store’s workforce. This is a very valid reason...
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...Running head: COST CLUB Scenario One: Cost Club Week Two HRM/546 Human Resource Law October 28, 2012 University of Phoenix | | Cost Club | Memorandum To: Pat, HR Manager From: Priscilla Seamster Assistant HR Manager Date: 10/29/2012 Re: Long Range & Integration Issues Issues against Discharge The issues against discharging an employee with any reason can be very harmful to any business. This opens the door for a lawsuit to any organization because, an ex-employee could file a lawsuit against the employer for alleging that they had been discharged wrongfully. The civil right law act in 1964 provides protection to the employees against wrongfully discharge. This describe that companies cannot terminate their employees basis of race, gender, skin, religion, color etc, (Employment law for business, 2007)”.) For example, if their at-will relationship exists between the employee and employer this does not mean that employer may terminate the employee, in a discriminatory manner. This mean the organization has to follow the legal principles before discharging their employee. There are so many laws that protect the individuals even though we are...
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...Executive Summary In Springfield Nor’easters case study, Larry Buckingham is the marketing director for the Nor'easters, a class A minor league baseball team in Springfield, MA. As any other profit-seeking business the objective of this sports club is to sustain a viable business by making profit, at least brake-even in the opening season. The two major sources of revenue for Nor’easters are ticket and concession sales. Larry conducts market research to gain knowledge about potential customers and their willingness to attend Nor’easters games on different ticket price levels. The results of the survey and other information collected by various sources help Larry to develop a pricing strategy for the Nor’easters’ ticket and concession sales. This paper evaluates the data yielded from the market research, presents two alternative pricing strategies and states the strengths and weaknesses for each. Finally, this paper concludes with a set of recommendations from the alternatives discussed. According to the evaluation of survey data, the information provided in the case and assumptions made, at least 50% of the Springfield population need to attend at least one game throughout the season for Nor’easters to break even. However, although not fully reflective of the whole population due to limited sample size, the survey data states that only 39% of Springfield residents are willing to attend games. Nor’easters will have to escalate this to above 50% level by conducting marketing...
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...Club IT Final Project Final Project: Club IT, Part 3 Tim Deddeh XBIS/219 John Brooks Final Project: Club IT, Part 3 After an extensive amount of research, I have developed an assessment for Ruben and Lisa on their Club IT. They are looking to see improvement capabilities with an option to someday soon expand to a second nightclub. Being at this internship for a few months I was able to see firsthand what was working and what was lacking. My assessment includes a detailed technology plan of what they will need to reach their goals. The club belongs to Lisa Tejada and Ruben Keys. Recently completing the remodel of this facility, they have become very satisfied and have been trying to be the new niche in downtown nightlife one may need in order to relax, eat, and even have a little fun on the dance floor with their friends. This facility offers a square footage of 6,000 feet which is enough room to have fun with a positive energy, a variety of music being played every night. Live band perform every Friday and Saturday and every Monday through Thursday the DJ’s come in to show off their skills. Club IT’s objective is to provide a safe and relaxing environment in which individuals can gather and interact. The target population for our clientele will be individuals’ ages 21 to 30. There will be alcoholic beverages served, so 21 will be the cutoff age for legal reasons. Club IT caters to all ages, sexes, and any type of group that wants to have a great time with food, dancing...
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...know Lisa and Reuben, the owner/managers of Club IT, and learning some of the back office operations. You’ve become familiar with the Club IT website, and you want to help Lisa and Reuben see how they can achieve their primary strategic objective - “to build a community that meets regularly at Club IT.” After reading Chapter 2, you have seen many real business cases where IT has helped organizations achieve strategic objectives. The real estate industry has seen a major transformation with electronic communications and the web, the airlines are continuing to innovate, and even your course registration process is getting easier with online options. While Club IT doesn’t have the IT resources of Kmart or Sears, it is much more agile and should be able to take advantage of it’s information base to help build a community with the support of IT. 1. Many organizations now have a members’ website, where customers can keep track of different kinds of information related to the organization. Many have “wish lists” where you can keep track of items related to that business – eBay is a good example. Visit a site that allows users to keep a “my favorites” type of list (eBay, Amazon, Dell, Old Navy are examples) and prepare a paragraph discussing the kinds of competitive information the organization can gain by providing this service. 2. Consider the different strategies for competitive advantage listed in the chapter: a. Cost leadership b. Differentiation ...
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...be paid before a new video can be rented. Every morning, the store manager prints a report that lists overdue videos. If a video is two or more days overdue, the manager calls the customer to remind him/her to return the video. If a video is returned in a damaged condition, the manager removes it from the video database and may sometimes charge the customer. a. Draw a use case model for the video system described above. Manager Manage customer Add video Rent Return Overdue Print report Delete video charge Customers (10 marks) b. Rental is one of the use cases in the video system. Write a Rental use case description using detail format (Use case name, actor(s), brief description, pre-condition, post-condition, main scenario (flow of events), and alternative flows and exceptions). (10 marks) c. Draw a system level sequence diagram for the Rental use case based on the main scenario in answer for (b). (5 marks) 2. The case study below is about the patient treatment process in a clinic. ------------------------------------------------- Whenever new patients are seen for the first time, they complete a...
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...Chapter 03 - Markets, Organizations, And The Role Of Knowledge CHAPTER 3 MARKETS, ORGANIZATIONS, AND THE ROLE OF KNOWLEDGE CHAPTER SUMMARY This chapter answers three primary questions: How do market systems work? What are the relative advantages of market systems compared to central planning in large economies? Why do we observe so much economic activity conducted within firms in market economies? In addition to covering the basic principles of exchange and supply-and-demand analysis, the chapter introduces two concepts that are critical to the subsequent development in the book: specific knowledge and contracting costs. The chapter also makes the important point that individuals have incentives to choose value-maximizing organizational arrangements. An appendix presents the basics of present value analysis and the valuation of common stock. It also discusses the concept of stock market efficiency. This appendix provides useful background material (for example, when instructors want to discuss the stock market reactions to events). CHAPTER OUTLINE GOALS OF ECONOMIC SYSTEMS PROPERTY RIGHTS AND EXCHANGE IN A MARKET ECONOMY Dimensions of Property Rights Managerial Application: Patent for Priceline.com Managerial Application: Property Rights Insecurity in Columbia Gains from Trade Managerial Application: While Animosity between the Governments of Venezuela and the U. S. Grow, So Does Trade Managerial Application: Strategic Business Planning—Ignoring Economics of Trade Academic...
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...could lead to harm" Risk is a more difficult concept to define. The term risk is used in everyday language to mean "chance of disaster". When used in the process of risk assessment it has specific definitions, the most commonly accepted being "The combination of the probability, or frequency, of occurrence of a defined hazard and the magnitude of the consequences of the occurrence". The distinction between hazard and risk can be made clearer by the use of a simple example. A large number of chemicals have hazardous properties. Acids may be corrosive or irritant to human beings for example. The same acid is only a risk to human health if humans are exposed to it. The degree of harm caused by the exposure will depend on the specific exposure scenario. If a human only comes into contact with the acid after it has been heavily diluted, the risk of harm will be minimal but the hazardous property of the chemical will remain unchanged. There has been a gradual move in environmental policy and regulation from hazard-based to risk-based approaches. This...
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...Developing a Marketing Strategy: Delivering and Capturing Value Marketing Plan: The Brita Products Company Product: • Brita Pitcher-filter water system Price: $15.16 pitcher system and $4.10 filter • Brita faucet system Price: $34.99/$39.99 Faucet System Place: Pitcher system: main health food chains introducing department stores, mass merchandise, grocery stores, club stores, drug stores. (Minimum advertised price). Faucet to be launched. Promotion: They are very focused in taste for pitcher. It has been a good decision since I think probably to try to find another proposal for purity and health for the faucet system. Diagnosis: The first question is can we launch faucet system? Or would it cannibalize the pitcher system in which we are the leader? I think we definitely should launch the faucet system it is cheaper so we can access to another segment of customers. Also the faucet could even convince people that regularly drink water directly from the tap, because it last longer, and the cost is lower compared to the pitcher. It even helps the customer get to know Brita and improve taste on water, and even evolution as a Brita customer, first the faucet system then the pitcher. Then how would we promote the faucet in order to differentiate it from the pitcher? Would the taste be also the main focus on our campaign? Or should we focus on health and bacteria? Even though public is not very aware of the bacteria issues on water. Another question is to launch...
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...(Author Speak: Search Magazine) The growing case for group collaboration for SMEs in India R. Narayan, Founder & Chief Executive Officer, Power2sme, examines how group procurement of supplies for manufacturing can jumpstart growth for the SME sector in India. Imagine a scenario where you can easily procure the best price for the raw material you need to manufacture automotive OEM parts or for construction needs or for manufacturing or raw material for precision engineering. Maybe you need Chemicals & Additives or Inks or Paints, or Polymers or Cement. Whatever your requirement, Buying Clubs that collect buyers and suppliers on the same platform can help manufactures fight several problems at the same time. This includes the acute problem of economical and quality supply of raw material for the manufacturing sector, putting in place a consistent and sustainable supply chain and freeing yourself from the constant worry of ensuring supply of raw material. You could ask, how will buying clubs help the SME sector overall to grow. First let’s take a quick look at where the SME sector is at today. Today, there are an estimated 35 million SMEs in India (Source: firm Zinnov Management Consulting). Together they employ 42 million people and contribute to a stunning 45 percent of our industrial input and 40 percent of India’s total manufactured exports . (Source: SME Chamber of India). All this adds up to a sector that contributes upto 8 percent of India’s GDP (Source: SME India.net)...
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