Premium Essay

Scott Electronic

In: Business and Management

Submitted By amjhulin
Words 412
Pages 2
Innovation is the Putting a new idea or approach into action. There are many issues that Scott Electronics plc would have to consider if it is to implement a strategy of innovation. The main issue that Scott would have to consider would be the financial aspect, as the initial cost of £10m is a very high cost considering company is only making profits of 8-10m per annum, the financial risk to the business is very high, as they projected sales value of the proposal is only £1.5m less £1m fixed costs per annum. If the projected sales is only a little lower than forecast then the profits may not be worth the initial investment as the company may find it hard to raise the finance for this strategy to work. Scott will need to increase the percentage of revenue that is spent on research and development, as this is currently well below the industry average at 1% compared to 10%. Equally the number of new products launched is per year is currently five per year compared to the average of 15, for Scott to implement this approach, he must increase the amount of revenue spent on R&D, as this currently puts the company at a competitive disadvantage in terms of new product development, although capacity utilisation is higher than the industry average. Increasing the amount spent on this may have an effect of the capacity utilisation. Scott electronics currently have a marketing model that focused on gaining a reputation of being competitively priced, reliable and functional products and Scott Electronics has placed little emphasis on innovation, preferring to make cheaper versions of its competitors’ products that will appeal to their target market therefore there is a need for effective market research to identify potential demand for the product. From their research, the market is the largest potential market and will continue to grow. For innovation to be a success, Scott...

Similar Documents

Premium Essay

Walmart Case Study

...000 retail units under 69 banners in 27 countries and e-commerce websites in 10 countries. (Wal-Mart.com) They employ 2.2 million associates around the world; 1.3 million in the U.S. alone. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well (www.Wal-Mart.com). When Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and striving for excellence (www.Wal-Mart.com). Wal-Mart's corporate management strategy involves selling high quality and brand name products at the lowest price. In order to keep low prices, the company reduces costs by the use of advanced electronic technology and warehousing. It also negotiates deals for merchandise directly from manufacturers, eliminating the middleman. This paper will analyze Wal-Mart's current strategy and challenges. In addition, I will discuss the threats and challenges facing Wal-Mart currently, priorities set by Wal-Mart CEO Lee Scott. I will also discuss the proposals outlined in the “Supplemental Benefits Documentation: Board of Directors Retreat FY06,”the result of the Board Benefits Strategy document leak, Wal-Mart initiatives from the standpoints of strategy and public relations, Wal-Mart’s strategic......

Words: 2677 - Pages: 11

Premium Essay

Rafferty Case

...The changing legal idea about computers is that its a trend forcing police to change the way that they investigate crimes and obtain search warrants. A computer or personal electronic device can no longer be seen as just a thing, it should be viewed as a place said Mr. Justice Thomas Heeney. Recent case laws holds that because a computer can contain such huge amounts of personal information, it should be regarded as a place. Mr. Rafferty's laptop was essentially warrant-less and so had violated his Charter of Rights against unreasonable search and seizure. This precedent stemmed from another high profile murder case in 2007 which was a Markham salesman killing his estranged wife and another woman. His cell phone was going to be examined for trace evidence of blood splatter, but the scrutiny of its contents inside needed a second warrant. The plain view principle could not be applied in this case. That simply involves common sense because none of the contents in the computers were in plain view. Two other legal skirmishes that the jury never heard about were 1- several inconsistencies in various statements made by witnesses and 2- The inconsistency in Ms. Mcclintics initial claim of Rafferty being the one to smash Tori's skull, and later she said that she wielded the murder weapon. They also missed the episode in the court room when two people tried to snap pictures of Rafferty which is extremely illegal in a court room. I do not believe in the fact that evidence should......

Words: 407 - Pages: 2

Free Essay

In Electronics, Japan Still Matters

...In Electronics, Japan Still Matters Posted by: Bruce Einhorn on March 17, 2011 In the global technology industry's pecking order, Japanese consumer electronics companies long ago surrendered their top spot to more nimble competitors like Samsung Electronics andApple. Many of the country's chipmakers also struggled as competitors in Korea and Taiwan thrived. Meanwhile, marketing executives at major multinationals turned their attention to China and India, the world's new economic powers. For many, Japan was largely an afterthought, a declining power with an aging population. The turmoil following the March 11 earthquake has provided a rude reminder that, when it comes to the global electronics industry's supply chain, Japan still matters. The country's factories produce about one-fifth of the world's semiconductors and 40 percent of electronic components. Japan's Mitsubishi Gas Chemical and Hitachi Chemical combined make almost all of the world's BT Resin, a raw material used in chip packaging, and Hitachi Chemical has 70 percent market share for a type of chemical slurry used by semiconductor producers for polishing chips. Tech executives and investors therefore should be worrying about a prolonged shutdown of production in Japan, where many factories are closed and there's no clear sign of how much damage they suffered or when they might reopen. Typically, big chipmakers likeTaiwan Semiconductor Manufacturing Co. keep between four to six weeks of supply, so uncertainty......

Words: 451 - Pages: 2

Free Essay

Syllabua

...You are the news director of a local television station. The city council has just voted to close city parks 3 days a week to save money. Meanwhile, a major celebrity has died. The park story has greater effect on your viewers, but the celebrity death will get bigger ratings? Which do you make your lead story and why? o Your news organization is owned by a massive corporation that also owns an electronics company. It has learned that the refrigerators the electronics company makes are fire hazards and have destroyed several homes. How do you cover the story and how do you acknowledge that you are owned by the same corporation? o You are the chief editor of a large metropolitan daily newspaper. One of your reporters is caught fabricating sources and making up facts. How do you handle the situation, from disciplining the reporter to explaining it to your readers? . Solve the problem using what you have learned. Solutions must be realistic. If you think cable news networks do not have enough foreign coverage, for example, it is not enough to say you will simply hire more reporters. You must say where that money will come from. Be creative, both in the identification of the problem and, especially, in the solution. . Include the following: o The role of media in delivering news to the public o The significance of immediate news media delivery on culture o The social responsibilities of news media. o Ethical and legal......

Words: 543 - Pages: 3

Free Essay

E-Learning Effectiveness

...4. Significance and Justifications for the Study The study of E-learning effectiveness is important. It is because we have to define that whether learning by using electronic media or through the Internet is effective or not. Nowadays, technology have helped human in all types of activity including education. This is what we can see in our daily life. Although technology is getting more advances, but there is not necessarily that it can help a lot in education field. Throughout this research, we have to find out the factors and how the factors affect the effectiveness of E-learning. Since technology nowadays is advances than older time, people would rely on electronic device. So, E-learning will be more practical and effective since people nowadays will have more interested on learning by using the combination of technology and education. Besides, with the Internet available, knowledge can spread widely. This can foster the process of learning and people can gain knowledge faster. E-learning may benefits to all of the users which means both of the learners and instructors. Let’s say if a company chooses to train their employee by using E-learning, this may result to material cost decrease. It is because the company doesn’t have to prepare an operating room just for the training purpose. E-learning can be flexible because the learners can study anywhere and anytime as long as there is device and also connection available. The advantages of E-learning are......

Words: 485 - Pages: 2

Free Essay

Moore Law

...Moore's law is the observation that, over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years. The law is named after Intel co-founder Gordon E. Moore, who described the trend in his 1965 paper.[1][2][3] His prediction has proven to be accurate, in part because the law is now used in the semiconductor industry to guide long-term planning and to set targets for research and development.[4] The capabilities of many digital electronic devices are strongly linked to Moore's law: processing speed, memory capacity, sensors and even the number and size of pixels in digital cameras.[5] All of these are improving at (roughly) exponential rates as well (see Other formulations and similar laws). This exponential improvement has dramatically enhanced the impact of digital electronics in nearly every segment of the world economy.[6] Moore's law describes a driving force of technological and social change in the late 20th and early 21st centuries.[7][8] The period often quoted as "18 months" is due to Intel executive David House, who predicted that period for a doubling in chip performance (being a combination of the effect of more transistors and their being faster).[9] Although this trend has continued for more than half a century, Moore's law should be considered an observation or conjecture and not a physical or natural law. Sources in 2005 expected it to continue until at least 2015 or 2020.[note 1][11] However,......

Words: 283 - Pages: 2

Free Essay

The Closing of the American Book by Andrew Solomon

...Solomon Americans do not read as much as we should which will have negative consequences when it comes to the heath, politics and education. According with Solomon, The National Endowment for the Art made a survey that indicated people who read are active in the community. For example, people who like to read will go to museums and musical performances more often, and perform volunteer and charity. This is compared to non-readers, who have little to no active engagement with the community. The author declares that electronic media can be dangerous for nonreaders because most people use television or other electronics as a means of relaxing, consequently absorbing all of the good and bad information. However, readers were able to filter the information more effectively while watching television. Solomon claims that people who read do not feel alone because they see a book as a friend, while people who do not read and spend their days with electronics devices tend to feel depressed. Reading is a mentally active experience and helps us learn. It can also help us stay guarded from future mental illnesses like Alzheimer’s. If we are not active and do not exercise our minds, we have a higher chance of developing Alzheimers. The Nazis feared the power of reading many forms of literature, taking measures to burn books because the material within was viewed as being subversive, or representative of ideologies in opposition to Nazism. Today, reading allows Americans to......

Words: 452 - Pages: 2

Premium Essay

Negative Effect of Social Media

...Additional Mental Health ISOLATION The use of messaging and social media messages have become a common occurrence in today’s society. Interaction on a human level has become less frequent in a person’s day-to-day living arrangements. Because of social media websites, interaction with others has become effortless, and people have isolated themselves behind online identities. Direct communication has been eliminated and much of society has been reduced to using abbreviations that express their emotions. Examples of important aspects of communication that are falling by the wayside today include:  Basic verbal communication  Tone of voice  Facial expression  Body language Social media is removing these very human qualities of communication by eliminating the need to get out and socialize with others in person. Sleep Disturbances Evidence also suggests that social media overuse can contribute to sleep disturbances. Studies of Chinese and American children, published in the "Journal of Sleep" and the "Journal of the American Academy of Pediatrics," found that computer use among adolescents was associated with later bed times, later waking times, less restful sleep and an overall decrease in sleep. The use of computers before bedtime has also raised concerns among sleep experts, including Phyllis Zee, a neuroscience professor at Northwestern University, that the light from screens is affecting circadian rhythms and......

Words: 598 - Pages: 3

Premium Essay

How to Introduce a New Medical Procedure

...Train and educate Lewis recommends assessing nurses’ computer skills and bringing their competencies, such as keyboard skills, up to standard before starting them on job-required electronic devices. Once nurses feel comfortable with a computer, she said, it is easier to introduce new technology. Children’s Healthcare conducted scenario-based training, leading nurses through the workflow of how they would document an assessment or administer a medication. Banner Gateway Medical Center in Gilbert, Ariz., moved into a new, all-electronic facility a couple of years ago. Nurses trained on the software. Then leadership took about 20 percent of the nurses to the new hospital and let them practice on the new system during mock drills. Some local Boy Scouts played the roles of patients to create a more realistic simulation. “It allowed them to get comfortable with the electronic tool, and it helped us identify any issues we had to fix before we opened,” said Sheri Dahlstrom, RN, MSN, chief nursing officer at Banner Gateway. Employ super users Banner Gateway trained super users who did not have a patient load during and for about two weeks after the “go live” to help nurses navigate the system. Children’s Healthcare of Atlanta also prepared nurse super users. They attended additional educational sessions, listened to their peers’ questions and were ready to assist fellow nurses when the system went live. The super users wore special T-shirts, which helped......

Words: 378 - Pages: 2

Premium Essay

Engineering Personal Statement

...Technology has without any doubt revolutionized in breath-taking paces virtually every aspect of life. However, there is a continued demand for innovation, to achieve greater efficiency spearheaded by the engineering industry. In my opinion no occupation offers as much as Engineering in any area of human development including ICT. The challenge of studying advanced mathematics and designing complex electrical and electronic components with myriad ways of application coupled with the logical and intellectual intangibles derivable over the course of my proposed study excites me I had the opportunity to shadow the head mechanic at Colliers Honda dealership during my ... and I was amazed at how much their work was entwined in electronics. Electronic systems were used to instantly diagnose faults within cars that could otherwise take hours. The hybrid cars particularly attracted my interest and I was enthused by how the introduction of an electric motor improved the performance of a car and simultaneously made it more environmentally friendly. Alhough I have flairs for Literature and Philosophy, Mathematics and the Sciences have always been my forte over my school career I have been received 2 silver awards for the UKMT mathematics challenge. I assumed the role of a mentor at my College helping AS maths students with difficulties encountered within their course. The course of studying A-Level Mathematics and Physics allowed me to amass valuable skills of critical thinking and......

Words: 544 - Pages: 3

Free Essay

International Market

...Syllabus International Marketing Marketing 774 INSTRUCTOR: Dr. Chuck Hermans E-MAIL: ChuckHermans@MissouriState.edu PHONE: 836-8373 OFFICE: GL244 =============================================================== NOTE: This Syllabus is not a contract. This document is a guide to assist you in preparing for the course lectures and other requirements. The Professor may and will likely modify assignments, lectures, dates and times at his discretion. Any such changes will be announced in class in advance. REQUIRED: 1. Cateora and Graham (2013), International Marketing, 16e, McGraw-Hill Irwin, NY.   2. Journal Articles and Cases on Blackboard (Some May Require Password: MKT474) Sign into the course Blackboard site at http://blackboard.missouristate.edu/. Please review and make corrections to your contact information. This is especially important if you have an e-mail address that is not on the MSU network. You may miss class information from the instructor if this is not correct.   STUDENT RESPONSIBILITIES: This is a graduate course. As such, you are expected to be prepared to DISCUSS the material in the on-line discussion forums. 1. Read, study, and analyze all assigned chapters & articles prior to class. 2. Always have a few questions prepared in advance of class related to the topic material. 3. Participate in class discussions. 4. Question the lecture material. 5. Turn in assignments on time. 6. Participate in......

Words: 1449 - Pages: 6

Premium Essay

Nanotechnology In Electronics

...Nanotechnology in Electronics: The application of nanotechnology can be very well extended to the field of electronics. This nanotechnology gives a promising technology when this is combined with conventional approach in electronics. The main advantage of nano electronics is increasing the capabilities of electronic devices. The screen displays on electronic devices can be effectively improved by applying the nanotechnology. This approach considerably reduces the power consumption and also reducing the weight and the thickness of the screen. Another application of nanotechnology is reducing the size of transistors which are generally applied in integrated circuits. There are lot of researches are being done in this field of nanoelectronics....

Words: 842 - Pages: 4

Premium Essay

Recording, Analysing and Using Hr Information

...within Outlook Expeditions are: * Information relating to absences which helps managers to monitor the number and type of absences each employee takes using the Bradford Factor guidelines and implements any action that is necessary. * Employment details, contract terms, pay and hours. This ensures that all employees have the minimum legal requirements in line with the National Minimum Wage Act 1998. Two methods of storing information are: Electronic files Each employee has an individual electronic file which is saved on a network drive and backed up each evening. The backup is essential as it reduces the potential for permanent loss of data files. The benefit of storing the data this way is that there is instant access to an individual’s data and it is easier to update information. This method also reduces the amount of paperwork which helps Outlook to achieve its goal of a paperless office. Electronic storage also reduces the amount of office space needed to store paper files and in the event of a fire or flood, an electronic system is easier to restore whereas paper files cannot be recovered. Paper...

Words: 988 - Pages: 4

Free Essay

Online Learning Versus Traditional Learning

...Online learning is better than a traditional classroom setting and is also convenient. I agree with this because I am doing online learning. I believe that it accommodates the busy lives people have these days. Whether its working or raising a family, its hard to get to a traditional class on time versus getting on your computer at midnight and doing your course work. Some people think that there is too much time being spent on electronics as it is due to the fact that it runs their lives. But without electronics, where would we be now? We couldn’t track space shuttles or satellites without the help of computers. Computers have come along way since the 50’s. They are more advanced than they were back then. Another good thing about online learning versus traditional classroom learning is that you can study at your own leisure and at your own pace. You can’t do that in a traditional classroom learning setting. People without hectic lives prefer the traditional classroom learning so they can get the help from the teacher on a one on one level and be able to turn in assignments to a person not through a computer. They prefer more structured settings and being able to ask for help from fellow students also on a one on one level. I’ve done both, and I prefer the online learning due to more time to do assignments at my own pace and I don’t feel rushed. I felt rushed in a classroom setting. With online learning, you don’t have to worry about carrying books from......

Words: 341 - Pages: 2

Free Essay

Ict Act-2006 Bangladesh

...INFORMATION AND COMMUNICATION TECNNOLOGY ACT, 2006 Prepared for Md. Ziaul Haque Senior Lecturer, Dept. Of Business Administration East West University Prepared by Bus-361 Sec: 6 Name | ID | 1. Md.Musrukh Ruhaim | 2010-2-10-091 | 2. MD. Tajul Islam | 2011-2-10-240 | 3. MD. Naiem Bhuiyan | 2011-2-10-110 | 4. Sunjida Haque | 2010-2-10-355 | 5. Md.Mahfuzur Rahman | 2011-1-10-049 | 6. MD. Mahmudul Hasan | 2011-1-13-060 | Date of Submission: December-03, 2014 Acknowledgement We are very pleased to accomplish the assign task given by our honorable course instructor Md. Ziaul Haque on the subject “Legal Environment of Business”. We are very much obliged to those persons who gave their valuable time in the organization overview part, opinion and advice to complete this report. At first, our profound gratification goes to, Md. Ziaul Haque the honorable course instructor of Business Communication for his supervision to complete the assignment successfully. By providing us the opportunity of preparing this assignment, he has made us able to relate the academic knowledge of Business law with practical scenario. Not only this, he has also contributed much in this term paper by giving us proper guideline. We are acknowledging to all of those web sites from which we have taken necessary helps. Our gratitude also goes to some senior students for their guidance in various stages of completing the term paper and......

Words: 12177 - Pages: 49