Americans Have the Right to Keep and Bear Arms Essay -- Constitutional

Americans Have the Right to Keep and Bear Arms   Ã‚  Ã‚  Ã‚  Ã‚  Our rights as Americans started to take shape when the Constitution of the United States was drawn up by the delegates at the Constitutional Convention in Philadelphia. Three years later, a very important part of American history called the Bill of Rights was added. The Bill of Rights is looked upon and interpreted every day. It gives the citizens of the United States many of the rights and freedoms that we value today, and some of those are in jeopardy. One right that is at stake is our right to bear arms, which is addressed in the Second Amendment. The Second Amendment is a highly debatable topic, and many legal scholars and the Supreme Court have yet to resolve the issues and controversy dealing with the Amendment. Until a decision can be made, the law will remain as it is currently interpreted. The citizens of the United States of America have the right to keep and bear arms.   Ã‚  Ã‚  Ã‚  Ã‚  The controversy about the Second Amendment is derived from how it is worded (Jordan). The debate about the wording can be broken into two different arguments. To understand the arguments it is important to know how the Amendment is worded. The Second Amendment states, â€Å"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed (qtd. in Anastaplo 61).† The first argument is that some people view the Second Amendment as two separate rights. The right of the people to keep and bear arms can be interpreted with the idea that each individual has the right to keep and bear arms; whereas, it could be a collective right giving just the members of the Militia the right to have guns (Gold). It is believed that the original meaning of the right to bear arms and the militia in the same Amendment was because in the early times of America the citizens needed weapons to guarantee th eir freedom and prevent the government from forming a dictatorship (Edel xi). The second debate is that the Amendment is one statement, therefore meaning that the militia has the right to bear arms. The problem of understanding the meaning of the Second Amendment has been brought before many courts all across America and has been ruled upon in different ways at different times. However, the Supreme Court has never declared it illegal to own guns.   Ã‚  Ã‚  Ã‚  Ã‚  Over the years, t... ...iminals would be able to get guns illegally if they wanted them (Smith 25). It comes down to the age old saying of â€Å"guns do not kill people, people kill people.† The ability to keep and bear arms is also a right given to the American people by the Bill of Rights and was reinstated when one of the framers, Thomas Jefferson, said, â€Å"No free man shall ever be debarred the use of arms.† Works Cited Anastaplo, George. The Amendments to the Constitution: A Commentary. Baltimore: John Hopkins UP, 1995. Chidsey, Donald Barr. The Birth of the Constitution: An Informed History. New York: Crown, 1964. Edel, Wilbur. Gun Control: Threat to Liberty or Defense Against Anarchy?. London: Praeger, 1995. Gold, Bruce. â€Å"The 2nd Amendment: A Historical Understanding.† Keep and Bear Arms.com. 5 April 2004 Hickok, Eugene W., ed. The Bill of Rights: Original Meaning and Current Understanding. Charlottesville: UP of Virginia, 1991. Jordan, Stan. â€Å"The Common Sense 2nd Amendment.† Keep and Bear Arms.com. 2001. 5 April 2004 Klein, Chuck. â€Å"What the Second Amendment Says.† The Cincinnati Enquirer 28 March 2001: B7. 5 April 2004 Smith, Guy. Gun Facts Version 2.0. 2000. 1 April 2004

Customer Relationship Management Systems Education Essay

Sing that the companys concern schemes turn out to be more clients based with the alteration and personalize inspection and repair, the ( IT ) information engineering are make usage of non merely to supply services and merchandises within and concern, but besides to provide end-users of the organisations points for ingestion and services. Specially, the use of IT adjoins as a new facet to relationship selling, recognized as Customer Relationship Management ( CRM ) and at its inside, is about obtaining client, supplying services, cognizing them good, and looks frontward to their demands ( L.Ryals and A. Payne.2001 ) . Conventional selling concentrated on the four Ps ( monetary value, topographic point, merchandise and publicity ) for intensifying market portion from side to side addition in the measure of minutess among the purchasers and Sellerss. Although client relationship direction converge on utilizing schemes, tolls and engineering for encouragement the relationship among the m arketer and client focussing on increasing gross revenues net incomes, processs, client satisfaction and profitableness. However, to reply the nucleus inquiry I will cover up the undermentioned stairss:The Main CRM SystemsDefinition of CRM ( Customer Relationship Management )Advantage and Disadvantages of CRM with illustrationAnd DecisionThe Main CRM Systems:Finnegan, ( 2007 ) defined CRM system as â€Å" A CRM system is an information system that is used to be after, agenda and command the presales and post-sales activities in an organisations † . CRM comprise all portion of covering with bing and possible clients: Gross saless, selling and service or proficient support etc. sometimes its call ‘back office and front office systems ‘ because they are the border with the client. CRM systems are collected of analytical and operational parts. Operational CRM The bellow diagram ( figure-1 ) are shown based on the three basic parts of the CRM which contains SFA ( gross revenues force mechanization ) Gross saless CRM entail appraisal about telephone gross revenues, web gross revenues, reta il shop canvass, and field gross revenues ; CSS ( client service and support ) Service CRM entail client conventional applications related to name Centre informations, web self-service informations, and radio informations ; And EMA ( endeavor selling mechanization ) selling CRM involves run informations, content informations and informations analysis. Definition of Customer Relationship Management ( CRM ) :Harmonizing to nucleus demand and as an indispensable constituent of CRM we should do clear about what dose digital house mean is. Keneth C. Laudon and Jane P. Laudon ( 2007 ) defined digital house as â€Å" A digital house is one where about all of the organisations important concern relationships with clients, providers and employees are digitally enables † . However it is an interior concern process are achieved in the class of digital webs across the whole organisation or linking legion organisations. There are many definitions of CRM have been explicated and illuminate by different writers in different position. Pancucci ( 2002 ) observes that ‘there are a figure of definitions of CRM, even taking the ordinance into the domain of societal scientific discipline where the psychological science, behavior forms of group of people, and socio-economic position are seen as critical use of purchasing finding ‘ . Some are shown bellow:Gronroos, ( 1999 ) defined â€Å" CRM is a direct branch of the selling Concept: he explained as ; CRM is a committedness to at the same time hike client satisfaction and stockholders value by supplying consistent, seamless, high-quality experiences for valued client † .Christopher, Payne and Ballantyne, ( 1991 ) defined CRM as â€Å" it is the integrating of client service quality and selling, which has as its concern the double focal point of acquiring and maintaining client † .Strauss and Frost, ( 2001 ) defined CRM as â€Å" it is a holistic procedure of identifying, pulling, distinguishing and retaining client † .Grtner Group, ( 1999 ) â€Å" CRM is a subject – a doctrine even – that requires concern to recognize and foster their relationship with clients. With CRM, an single client ‘s demands and penchants are available to anyone in the concern working at the client interface, irrespective of channel. Each client is treated as an person in a relationship that feels like one-to-one † . However, thought behind the CRM is set up single association with clients, pleasuring different clients in a different manner based on the information acquired on their front-runners, first picks, and disbursement designs ; activates a concern executes to place, develop, get, and retain progressively profitable and loyal clients by presenting the exact merchandise or service, to the exact clients at the right clip, through the precise channel, and the right cost in the shop planning and supply concatenation functions through concern process mechanization, engineering solution and information ownerships to do the most every client contact. Advantages of Customer Relationship Management ( CRM ) :Customer relationship direction helps the concern houses which have determined to implement CRM scheme can ease with Numberss of following advantages: Construct up client keeping and trueness:Customer trueness can be defined harmonizing to Mcllroy and Barnet ( 2000 ) as â€Å" client ‘s committedness to make concern with a peculiar administration, buying their goods and services repeatedly, and urging the services and merchandises to friends and associated † . Therefore, the nucleus benefits of the client keeping and trueness are construct up long term relationship and steer finally to hike net incomes and gross revenues, doing mind of belonging, in the sentiment of Uncles ( 1994 ) harmonizing to consumer trueness programmes apprehensiveness is willing to introduce on behalf of clients, a feeling that the seller is acquire ready to listen, is caring and concerned and consideration methods. The consequence we can acknowledge as a keeping and trueness is an of import facet for client relationship direction ; harmonizing to Byrom ( 2001 ) there are more than 150 trueness strategies and about 40 million trueness cards in t he UK. For illustration Tesco trueness Club-card, introduce 1995 was to offer as â€Å" benefits to regular shoppers whilst assisting the company discover more about its client demands † ( Tesco, 2004 ) . The accomplishment of Tesco Club-card had been successful and celebrated in the food market universe as Smith, ( 2004 ) harmonizing to Club-card accomplishment evaluation â€Å" a 3rd of UK places use the plan † . Improved Customer acquisition Ratess:Customer acquisition is an parlance used to explicate the tactics and systems to pull off client point of view and enquiry typically allocate to the organisations to recite the effectivity of effect to pick of promotional activities through out the client lifecycle. However, client geting rate helps to the organisations with follow up client relationship direction ( CRM ) chance for cross-selling, repetition buying, up-selling and bring forthing advanced gross growing. For illustration Tesco Personal Finance ( TPF ) reached acquisition rates December 2008 for hard currency consideration of around 950m lb and get 6m Tesco Finance Customer histories with successfully followed by client relationship direction. ( Andrew Higginson, 2008 ) Improve Cross Selling and up-selling:Cross selling refers to selling things that are correlated or can be included with the points being sold. And up merchandising is the techniques of offering clients a merchandise in addendum to the merchandise are soon buying. For illustration if they sell digital Mobile, it makes sense to suggest linked merchandises to their client: more long life battery, screen, charger etc. or if they are up sell to their client they can offer about anything in addendum to the points clients are antecedently paying attending. However, it is encourage to client to come once more in the shop with purchasing purpose to clip, and enhance to doing long term relationship as a portion of client relationship direction activity. Hike the contract or Name centre effectivity:Taylor and Bain ( 1999 ) has been defined call Centre as â€Å" it is a dedicated operation with employees focused wholly on client service maps, employees are utilizing telephone and computing machine at the same time, and where call procedure controlled and processed by an automatic distribution system † . There has been consistent recent enlargement in call Centre inspection and repair world-wide, with the call Centre of the modern-day expected to progress into the client entree Centre of the hereafter, and supplying a new economical footing for assorted organisations. The activity and effectivity of a call Centre are deriving client orientation, service precedence, growing of turnover, and contribute wholly on the client service map. For illustration UK largest Mobile networking company o2 has given responsibly to keep client service activity through assorted call Centres such as: Active Business Communication call Centre, Active Digital call Centre, Aerial call Centre and so on ( www.o2.co.uk [ accessed-16/01/10 ] ) . And they are determined to give first-class clients feedback on-behalf of o2 Mobile web to keep good client relation. However, client relationship direction has being bearing a great advantage for encouragement the contract or name centre effectivity with the enterpriser and standard client service. Deliver a individual, knowing position of the client:A watercourse advantages for a company conveying out by following client relationship direction system are placing and aim the greatest clients and coevals of distinction of excellence directed for the gross revenues force, create direction of gross revenues and marketing campaigns more effective by puting precise ends, established features relationships with the clients with the vision to do the most house ‘s net incomes and advancement client satisfaction, Understanding the desires of employees and continue a sound co-relationship with them. Disadvantages of Customer Relationship Management System ( CRM ) :Not merely CRM system has advantages so far it can be such a restriction as follows:High Software Cost:For the most portion state of affairs insist package support for client relationship direction affair but the cost of such package is normally elevated. For illustration Wendy Close, research manager at Stamford, Conn.-based Garthner Inc. , allocated the cost for most favorite ‘SIEBAEL ‘ CRM package at $ 16000 to $ 25000 per user, a sum that includes package, preparation, services and hardware. However, this cost might non be low-cost where fewer figure of seats and non holding often economic systems of graduated table convey the monetary value down to $ 12000 for each user. ( www.searchcrm.techtarget.com ) [ Accessed-16/01/10 ] Managing Datas:It is non easy to get by with Immigration and Naturalization Services and outs of informations warehousing and informations disfiguration engineerings. It entails a batch of historical informations to scrutiny analysis and analyze the tapping of information energetic out of it. For illustration the article says on respect Tesco Data Swapping with Oil of Olay and raises a large inquiry â€Å" This is traveling to be large, and non merely in fast traveling consumer goods † . Alan Mitchell ( 2002 ) Not Easy to Process:The appraisal of CRM procedure and its operation is non an easy mission. It requires multidimensional public presentation, and multifactor client behavior which are hard to qualify. Even if they are described in some state of affairs largely score card or in metric format, which is frequently hard to rehearse and understand them. A study found that conducted by research and consultative house Gartner ( Zimmer, 2006 ) â€Å" more than half of the organisations who have implemented the CRM have troubles after execution † . Harmonizing Crowbars, C. & A ; Stone, M. ( 2004 ) Aberdeen Group CRM Spending and Satisfaction study ( February, 2003 ) identified that on a user ranged among of â€Å" somehow satisfied † and â€Å" satisfied † scope from one ( non satisfied ) and to five ( wholly satisfied ) which are depends on Area/ location. Approachs of past purchasing behavior of consumer might n't be same in the hereafter excessively! :Majority of CRM move towards with cod informations on the past buying behavior of client and set abouting it as the likely behavior in farther excessively. This could be an immoral guess in a figure of positions. Customer constrains maintain on switching and varies upon the criticalness of the intent and the degree of letdown with the bing options. For illustration, an article study says Tesco broadband dissatisfaction rate due to hapless client service and experience 2009 churn rates of around 20 % per annum. However the 20 % are used to regular client of Tesco. ( www.phone-shop.tesco.com/latest-news ) [ Accessed-17/01/10 ] Decision:However in the terminal of the study it is explicable that, In malice of that, the client relationship direction has become a maximal precedence for legion of companies. Bohling et Al. ( 2006 ) remarks on diary of CRM execution as ; â€Å" in many competitory markets, concern invest well in CRM execution recently though, companies have become progressively displeased with client relationship direction apply, as the bulk of them are falling short of the outlooks that precede them and are hence considered failures † . Conversely, though it has being first prioritized for many companies but non all companies are being success based on comparison to advantage and disadvantages of client relationship direction in digital houses. Kumar and Shah ( 2008 ) argued that â€Å" CRM offers house strategic benefits, such as greater client satisfaction, and trueness † . Anders ( 1996 ) remarks as â€Å" it is a higher response cross-selling attempts and better word-of-mouth promotion † . However, though some disadvantages and statement has been placed but it is should be remind that CRM assists a company dressed ore on the client as an assets side by side consumers are non forced to by necessity in the same organisation. Many companies waste a batch of money obtain new clients and waste it by neglecting to get to cognize and grok their client, retain and maintain in grip with them. Therefore, Company should setup CRM system based on allow to clients to manage their relationship with multiple providers instead than the other manner embracing. Bibliography:L. Ryals, and A. Payne, ( 2001 ) ‘Customer relationship direction in fiscal services: towards information enabled relationship selling, diary of strategic selling, vol.9, pp. 4-27.Anderson, Eugene W. ( 1996 ) â€Å" client satisfaction and monetary value tolerance, † selling letters, vol.7. ( July ) , pp.265-74Kumar, V. ( 2008 ) , ‘managing client for net income ‘ . Upper Saddle River, NJ: Wharton School Publishing. -and Denish Shah ( 2004 ) , â€Å" edifice and prolonging profitable client trueness for the twenty-first Century, † Journal of Retailing, 80 ( 4 ) , pp.317-30T.Bohling, D.Bowman, S.Lvalle, V.Mittal, G. Ramani et Al. ( 2006 ) , CRM execution: Effective issues and penetrations, Journal of Service Research 9 ( 2 ) , pp.184-194.Performance of Customer Relationship Management with Diagram hypertext transfer protocol: //www.kssi.ae.wroc.pl/~mowoc/Dydaktyka/MIS/Lect5.pdf [ Accessed- 09/01/10 ] Strauss, J. & A ; Frost, R. ( 2001 ) , E -marketing. Upper Saddle River, NJ: Prentice Hall.Gronroose, C. ( 1999 ) . Relationship selling: Challenges for the organisation. Journal of Business Research, vol.46, pp.327-355.Gartner Group, ( 1999 ) , specifying CRM: available at: C. Pries & A ; M. Stone ( 2004 ) ‘Managing CRM execution with consultants- CRM or alter direction? , diary of alteration direction, vol.4, No.4, ( December ) , pp.352-370Christopher, M. Payne, A. and Ballantyne, D. ( 1991 ) ‘Relationship Marketing- delivery quality, Customer Service, and selling together, Butterworth-Heinemann Ltd. , Oxford.Keneth C. Laudon and Jane P. Laudon ( 2007 ) pull offing the digital house, 9th edi. Upper saddle river, NJ: Prentice Hall.Finnegan, D & A ; Willcocks, L ( 2007 ) Implementing CRM: from engineering to knowledge, jhon willy and boies LTD. Wet Sussex, England.Mcllroy, A. , Barnett, S. ( 2000 ) , â€Å" edifice client relationships: do dismiss card plants? † pull offing the service quality, Vol. 10 n o. 6. Pp.347-55Uncles, M. ( 1994 ) â€Å" Do you or your client need a trueness strategy? â€Å" , diary of Targeting, measuring and analysis for selling, vol. 2 no.4, pp.335-50Byrom, J. ( 2001 ) â€Å" the function of trueness card informations within local selling enterprises † , international diary of Retiling & A ; Distribution Management, vol. 29 No. 7.pp.333-42Tesco, ( 2004 ) , â€Å" Corporate information † , p. 1-3 available at: www.tescocorporate.com [ accessed-17/01/2010 ]Smith, J. ( 2004 ) , â€Å" Every small aid † , The Ecologist, vol. 34 No.7, pp.1-9Higginson, A ( 2008 ) , â€Å" can Tosco truly offer the same value as my bank † , p.1-4 available at: www.tescoplc.com/annualreport09/storage/pdf/retailing_services.pdf [ accessed- 17/01/10 ]O2 Centre of first-class partner- hypertext transfer protocol: //www.o2.co.uk/sme/whyo2/o2partners/excellence-centre [ accessed-16/01/10 ]Taylor, P. and Bain, P. ( 1999 ) , â€Å" An assembly line in the caput ‘ : work and employee dealingss in the call Centre † , â€Å" Industrial Relations Journal, vol. 30 No. 2, pp. 101-17Cost of Siebel CRM package: hypertext transfer protocol: //searchcrm.techtarget.com/tip/Siebel-CRM-software-costs [ accessed- 16/01/10 ]Alan Mitchell ( 2002 ) , ‘Can company affords to portion CRM strategies? † p.1-1 available at www.marketlocation.com [ accessed-14/01/10 ]Zimmer, J. ( 2006 ) , â€Å" Be ready to take the heat † , Destination CRM, Viewpoint available at: www.destinationcrm.com [ accessed-14/01/10 ]Tesco Telecom, overseas telegram & A ; warless: ( November, 2009 ) , available at: hypertext transfer protocol: //phone-shop.tesco.com/latest-news/Tesco % 20Telecoms % 20CW % 20release % 20FINAL.pdf [ accessed: 17/01/10 ]Crowbars, C. & A ; Stone, M. ( 2004 ) , â€Å" Pull offing CRM execution with consultants- CRM or alter direction † job with CRM execution, â€Å" diary of alteration direction † vol. 4. No .4, pp.350-370.

Act460 Week 3 Essays

Act460 Week 3 Essays Act460 Week 3 Essay Act460 Week 3 Essay Original Data: selling price: 40. 00 Variable Expenses: Invoice Cost: 18. 00 Sales Commission: 7. 00 Total Variable Expenses: 25. 00 Fixed Expenses: Rent: 80,000. 00 Advertising: 150,000. 00 salaries: 70,000. 00 Total Fixed Expenses: 300,000. 00 1. Calculate the annual break-even point in dollar sales and in unit sales for Store 36. Unit Contribution Margin = selling price per unit variable Expenses Unit Contribution Margin = 40. 00 25. 00 Unit Contribution Margin = 15. 0 per shirt Break even point = (target profit + fixed expenses) / unit contribution margin Break even point = (0. 00 + 300,000. 0) / 15. 00 Break even point = 20,000 units Break even point in sales = 20,000 x 40 = 800,000 up to 30,000 shirts sold each year. Clearly indicate the break-even point on the graph. 3. If 19,000 shirts are sold in a year, what would be Store 36s net operating income or loss? Sales (19,000 shirts x 40 per Variable Expenses (19,000 shirts x 25 per shirt) (475,000) Cont ribution Margin 285,000 Fixed expenses (300,000) Net operating Loss (15,000) 4. The company is considering paying the store manager of Store 36 an incentive commission of $3 per shirt (in addition to salespersons commissions). If this change s made, what will be the new break-even point in dollar sales and in unit sales? $3. 00 added commission increases the new variable price to $28 New Data: Manager Commission: 3. 00 Total Variable Expenses: 28. 00 Contribution Margin = 40. 00 28. 00 = 12. 00 0 new contribution margin Break even point = (0. 00 + 300,000) / 12. 0 = 25,000 0 breakeven point in units Break even point in sales = 25,000 x 40. 00 = 1,000,000 0 break even point in sales paying the store manager a $3. 00 commission on each shirt sold in excess of the break-even point. If this change is made, what will be the stores net operating ncome or loss if 23,500 shirts are sold in a year? Sales: 23,500 Original Break Even Point: 20,000 overage: 3,500 Profit to the store = overage in units x contribution margin 3,500 x 12. 00 = 42,000 Oprofit to the store 6. Re fer to the original data. The company is considering eliminating sales commissions entirely in its stores and increasing fixed salaries by $107,000 annually. a. If this change is made, what will be the new break-even point in dollar sales and in unit sales in Store 36? Selling Price: 40. 00 Total Variable Expenses: 18. 00 Additional salaries: 107,000. 00 Total Fixed Expenses: 407,000. 00 Contribution Margin = 40- 18 = 22. 00 0 new contribution margin Break even point = (0+407,000) / 22 = 18,500 0 new break even point in units Break even point in sales = 18,500 x break even point in sales. . Would you recommend that change be made? Explain. It is hard to recommend the proposed change from commission to salary based on the information provided. Additional information would be necessary to make an educated recommendation. What have the previous quarters shown in regards to sales? Although the change from commission to salary would increase the contribution margin and drop the break even point there are many fact ors that hould be considered before implementing this change. If sales teams are changed from variable pay to fixed pay, it may reduce their incentive to sell more shirts to clients. If the shirts essentially sell themselves and dont needed a motivated sales person then the switch may be beneficial. Ultimately it is most companys goals to reduce their break even point, but without further information it is undetermined as to whether this change would be beneficial for Shirts Unlimited. Garrison, R. H. , E. W. Noreen, and P. C. Brewer. Managerial Accounting. Fourteenth. New York: McGraw-Hill/lrwin, 2011 Print.

Free Essays on Masterton Carpet

Problem Statement: Given recent developments within the floor covering industry, Masterton Carpet Mills, Inc., which is a privately held manufacturer of medium to high priced carpet, is considering the possibility to establishing their own distribution centers or wholesale operations focusing on residential business in an effort to maximize profits. Option #1: Do Nothing (i.e. don’t change anything) Currently, Masterton Carpet Mills, Inc. is lagging behind in sales growth, but is continuing to remain profitable. They are a small manufacturer in a large, highly competitive industry. The first option they have is to do nothing and continue to use their current wholesale distribution method currently being utilized. According the information that was given in this case, the following criteria have been evaluated to achieve the total estimated wholesale distribution cost of approximately $15.4M; wholesaler margins, cost of servicing wholesalers, and the accounts receiving carrying costs. Through a 20% wholesale markup, there is currently $10.8M spent at the wholesale level. The margin of $10.8M paid out to wholesalers could be retained by Masterton Carpet Mills, Inc. to fund the change in the distribution channel using internal capital. This would satisfy conditions set forth by Robert Meadows, President of Masterton Carpet Mills, Inc. and company policy to finance programs fr om internal funds. The cost of servicing the current wholesalers is approximately $3.2M, which is 6% of sales ($54M * 6% = $3.240M) Given that it typically takes 90 days from Masterton Carpet Mills, Inc. to collect its retail account receivable and that accounts receivable carrying costs are 10% of sales, the total cost is $1,350,000. If Masterton Carpet Mills, Inc. continues the use of wholesalers, approximately $15.4M will continue to be spent in that segment of the distribution channel. Option #2: Establish its own distribution centers or wholes... Free Essays on Masterton Carpet Free Essays on Masterton Carpet Problem Statement: Given recent developments within the floor covering industry, Masterton Carpet Mills, Inc., which is a privately held manufacturer of medium to high priced carpet, is considering the possibility to establishing their own distribution centers or wholesale operations focusing on residential business in an effort to maximize profits. Option #1: Do Nothing (i.e. don’t change anything) Currently, Masterton Carpet Mills, Inc. is lagging behind in sales growth, but is continuing to remain profitable. They are a small manufacturer in a large, highly competitive industry. The first option they have is to do nothing and continue to use their current wholesale distribution method currently being utilized. According the information that was given in this case, the following criteria have been evaluated to achieve the total estimated wholesale distribution cost of approximately $15.4M; wholesaler margins, cost of servicing wholesalers, and the accounts receiving carrying costs. Through a 20% wholesale markup, there is currently $10.8M spent at the wholesale level. The margin of $10.8M paid out to wholesalers could be retained by Masterton Carpet Mills, Inc. to fund the change in the distribution channel using internal capital. This would satisfy conditions set forth by Robert Meadows, President of Masterton Carpet Mills, Inc. and company policy to finance programs fr om internal funds. The cost of servicing the current wholesalers is approximately $3.2M, which is 6% of sales ($54M * 6% = $3.240M) Given that it typically takes 90 days from Masterton Carpet Mills, Inc. to collect its retail account receivable and that accounts receivable carrying costs are 10% of sales, the total cost is $1,350,000. If Masterton Carpet Mills, Inc. continues the use of wholesalers, approximately $15.4M will continue to be spent in that segment of the distribution channel. Option #2: Establish its own distribution centers or wholes...

Organizational Culture Analysis Manager at Walmart

Organizational Culture Analysis Manager at Walmart Modern globalization has affected organizational culture greatly. Nowadays, people from different countries have an opportunity to work abroad. Of course, some specific difficulties may appear. It is essential to consider the organizational structure and culture before applying to the company position as there are several factors which may affect human behavior. Speaking about organizational culture it may be defined as follows.Advertising We will write a custom essay sample on Organizational Culture Analysis: Manager at Walmart specifically for you for only $16.05 $11/page Learn More Organizational culture is â€Å"the set of shared, taken-for-granted implicit assumptions that a group holds and that determines how it perceives, thinks about, and reacts to its various environments† (Kinicki, Kreitner, 2006). Employees’ behavior depends on the organizational culture. Working as a manager in Walmart, I noticed the importance of the issue. Observ able Artifacts Each organizational culture consists of the following layers, observable artifacts, espoused values, and enacted values. Observable artifacts are the visible aspects of the corporate culture which may be considered by everyone who wants to get to know more about the company (Kinicki, Kreitner, 2006). As for Walmart, people are able to check the corporate vales of the company at its website which states that Walmart cares for the services offered to the customers, respects each individual, and strives for excellence. Moreover, observable artifacts of the organizational culture are the stories of success of separate people and of the particular stores. Decorations, dress and even advertising are the observable artifacts of the company. Looking at the staff it is possible to understand that the company image is rather high, and the observable artifacts are on the level. Espoused Values Espoused values are the values which â€Å"are expressed on behalf of the organizati on or attributed to an organization by its senior managers in public statements† (Khandelwal, Mohendra, 2010) but they are distinct from the really practiced ones. One of the main purposes of such values is to create a specific image of the company, still, without the intention to realize the mentioned facilities in practice. There are may be a lot of reasons why companies refer to such strategies. Speaking about Walmart, I managed to notice the following espoused values which were not realized but which were substituted with the specific practices. Thus, declaring about the company customer obsession Walmart practiced communication skills as the substitution. The place of innovation and creativity was substituted with mere innovation which is a common practice in all organization. Declaring the desire to openness and learning, the top managers of the store stressed on hardworking. Enacted Values Enacted values, contrary to espoused vales, are the norms which are practiced in the corporation in reality. Thus, it does not matter how the company wants to look like and which norms it proclaims, the enacted values are specifically the issues the company peruses (Phillips, Gully, 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Speaking about Walmart, the staff is to follow particular rules and norms of behavior, for example, the discipline is followed there greatly. The company has specific corporate traditions, such as celebration of the employee’s birthdays and particular attention to the customers who have chosen the store. Therefore, it should be concluded that each company has three layers of values which may be expressed in various forms and with peculiar power. Thus, some companies may have more enacted values (such as Walmart) and others may refer more to the espoused ones. Reference List Khandelwal, K. A., Mohendra, N. (2010). Espo used organizational values, vision, and corporate social responsibility: Does it Matter to organizational members? Vikalpa, 35(3), 19-37. Kinicki, A., Kreitner, R. (2006). Organizational Behavior: Key Concepts, Skills Best Practices, 4/e. New York: McGraw-Hill/Irwin. Phillips, J. M., Gully, S. M. (2011). Organizational Behavior: Tools for Success. Stamford: Cengage Learning.

Unemployment and Crime in the Society Research Proposal

Unemployment and Crime in the Society - Research Proposal Example Unemployed persons who engage in criminal activities represent an individual matter that should not be associated with unemployment per se. Unemployed people are ready and willing to take work anytime if it is offered to them. They are ready to work and earn a decent living, but the challenge is the scarcity of job opportunities to absorb all the employment. The aim of this study is to examine the relationship between crime and unemployment in the society. The investigation will involve the convicts of various crimes in society in a selected region in U.K. between the 1990 and 2013. The investigation will be conducted using questionnaires, observations, and interviews, and will target about two hundred respondents and gather details regarding the cause of conviction, respondents’ occupation prior to prior to conviction and the duration of imprisonment. The outcome of the investigation will be used to establish the extent to which unemployment has contributed to the crimes in t he society and the effect of law in deterring crimes in the society. Even though many people associate unemployment with criminal activities, the current increase in crime rate in the society is as a result of a failure of the security structures to deal with offenders and redress justice for the victims of crimes. Crimes are unlawful conducts stipulated by the state in the constitution of the country. The law specifies what is unlawful and the consequences of engaging in the unlawful conducts. There are many arguments that associated increase in the rate of unemployment with increasing rate of crimes in the society. Some researchers have linked poverty and unemployment of the youth to increasing criminal activities, and they argue that if the government does come up with strategies to curb the increasing poverty due to unemployment the society will be chaotic and uncontrollable.

Financial Management Principles Essay Example | Topics and Well Written Essays - 500 words - 2

Financial Management Principles - Essay Example It should be noted that a lender cannot simply lend his excess fund to potential borrower without making sure that the latter will not default on his payment. In this situation, an intermediary should exist in order to gather information about both parties and mitigate risk (Mishkin 2004). Financial institutions are able to minimize the risk of information asymmetry by building their reputation in the industry. Thus, individuals are not cautious in putting their money in a bank’s savings account which are then lend to parties who are in need of funds. Financial institutions like banks, as stated above, carry out the important function of making financial resources available to parties who need them. By building expertise in information search and reputation in undertaking their financial functions, financial institutions serve as a great help for individuals and business organizations which require help in financing. On the other hand, individuals and companies who want to invest their money can trust in the efficiency of financial institutions in ensuring return to their investments. As the illustration above shows, as financial institutions carry out their role in the financial system, they take on the risk which should be handled by the borrower and lender. Thus, financial institutions also take measures in minimizing the risk that they take by ensuring that their borrowers will not default on their payment obligations. This scrutiny is even more highlighted when a company which borrows from the financial institution conducted its Initial Public Offering. As the company becomes public, it exposes itself from the critical eye of its current and potential creditors. A company can cope with this increased financial intermediation scrutiny by adhering to the standards set by accounting institutions. It should also instill tighter measures in ensuring the truthfulness of its financial reports and accounts.