California Pizza Kitchen

CALIFORNIA PIZZA KITCHEN TUI University Instructor: MGT599 Module 1 Case Study The purpose of this report is to identify and give feedback on the company’s current mission and vision statements as well as its values and goals as stated (or not) by the founders and management. The need to have a clear vision and a real mission statement is fundamental and vital for all businesses. The values that make the company what it is and the end state or goals that it wishes to achieve are equally important. In looking at these factors I will identify the following where possible: What is California Pizza Kitchen’s vision statement and is it relevant? What is CPK’s mission statement and is it effective? What are the values and short and long term goals and what is the company doing to clarify and refine them on a continuous basis? Hildy Gottleib of the Community-Driven Institute has an excellent way of differentiating and explaining what vision and mission statements are. She says the simplest way of doing it is using three little letters and they are â€Å"ARY. Used in this way, Vision and Mission look quite different and are much easier to understand. (Gottleib) She goes on to say that written in this way it is easy to understand that when someone is a visionary they are able to see what it is they want to do and as a missionary they are able to execute their vision. She used the analogy of Jesus. He was the visionary and his disciples were the missionaries. (Gottleib) A good majority of organizations have websites like CPK’s. On these websites most companies will give their mission statement if you will. This statement is important for many reasons. It is stated so that potential clients and or investors can learn what the company is about when it comes to business. This is what helps draw people to the business. When people have a clear understanding as to what a company does or wishes to do in regards to customer service, it causes them to take stock of the company and determine if the company is a right for their consumer needs. My research of the company shows that the company has no mission statement as of publication of this report. The closest mission statement (if one were to call it that) that I could potentially identify was â€Å"CPK’s strong brand awareness has been developed primarily through full service restaurants and through the expansion of our high quality fast-casual, CPK/ASAP concept†. (Smith) I believe another way of saying this is that it is California Pizza Kitchen’s mission to be a â€Å"leader in authentic California-style cuisine† (all the while) being widely known for diverse and innovative menu items. This is no clear mission statement as given by the company but rather this person’s interpretation. If you read their website you will not find much of anything except their personal story. Although this is nice, it tells neither the customer nor the potential investor anything as to what the company is striving towards in clear language. It does nothing to spark or draw interest to the company. California Pizza Kitchen has no clear or discernable mission statement and their vision statement is just as absent. On their company website is stated the founders intent but not their vision â€Å"Having always wanted to get into the restaurant business; they traded in their legal pads to serve hearth-baked pizzas. (California Pizza kithen) Their unspoken business vision was to create pizzas that were an interpretation or a culmination of food with an international flair on a global level. Their pizzas include such creations as a Jamaican Jerk, Thai, and shrimp pizza. This flair has served the company well. Although the company has gone through a rough patch while under the ownership of PepsiCo which nearly ran the business aground due to what some may say was an overly aggressive business model , the company is now back on track with the original founders put back in control of the company. This has allowed CPK to right itself and grow at a more realistic pace. The founders have been allowed to lead the company as they intended at the start and the brand name is flourishing. It is because of this vision that the company is again succeeding. So, it is fair to say that the company has a vision but that vision is shallow and has no clear long term ambition other than serving specialty pizza. I have made numerous inquiries both by email and phone calls to the main office and other places within the company to clearly state their values and goals. I finally received a reply from a Mr. Locksley who is a member of their marketing and relations department. My request to him was simple; tell me what you understand the company’s values and goals to be. He simply regurgitated in an email his company’s web page statement. This is not good. Either he is unable to clearly communicate the company’s values statement as well as their goals or, there are none. It is my findings that the company has no values or goals statements. The company is simply operating on a loose configuration of statements given on a webpage or in an employee handbook. The company touts respect, opportunity, communication, and kindness (R. O. C. K) for all just like all other companies but, there is nothing that I could locate in my search for the employees to get behind other than that. (California Pizza kithen) The company has not given its employees a set of values that all can get on the same page with or real sustenance and purpose. There is an employee handbook but it is more like a generic/vanilla document that covers employee benefits, requirements for uniform standards, and other HR issues. No wonder the employees have no clue. You can’t enforce company standards or values if you don’t ensure that all have access to them in order to read and comply. This is totally unsatisfactory. Goals, the company has no clear or identifiable set of goals in its current state. While under PepsiCo the company had a goal to grow at a stated pace over so many years, while under the current leadership they are focused solely on repairing the damage to the brand name caused by PepsiCo. This could be a goal of sorts but it does or says nothing to the effect of what the company’s future overall end state is. The company must look at its current situation and develop a set of goals that will enable it to better move forward and grow. Although the company will either continue to survive or eventually wither and fail, a good set of goals will enable everyone to work smarter and more effectively toward success. This aspect is of great importance to company shareholders in that it affects their profits. If the company can’t define a clear goal for the company in regards to profits then the stakeholders in the company suffer and will eventually sell out. Stakeholders want to make money as in any organization and if they don’t, they will revolt on management until it responds. Some things that I would recommend to the company in general are: 1. work aggressively to develop a short and long term vision for your company. 2. After you have your vision identified, develop a team of individuals to recognize your mission and then implement it by sending company leadership out to the employees to articulate it. Once everyone knows what it is the company wants it can begin to implement that vision by working to achieve it. . Take a consensus from across the entire work force in what it deems is or is appropriate values that you want the company to follow. This can be done by online employee surveys or management at each store location polling workers on site. You can gather results either way and decide on those values that are important to all workers at every level and exemplify the very best traits and characteristics of your busine ss. This will allow workers to feel good about where they work and give customers a more positive attitude about the business they are frequenting. . Develop a goal for your business. You can have a goal for employees in regards to customer service and one for the future growth and development of CPK franchises. Both will reap huge rewards for you business. I recommend that you place your vision, mission, values, and goals in high visibility locations throughout the organization. This allows everyone to read and understand what it is they are working towards. Place them in the company board room so that the CEO and board of directors can see it every time they meet. Use them as a gauge to see if the senior leaders are using them to make decisions which support your various statements. If their not then either replace them or hold them accountable for their failures by withholding bonuses or other perks. In conclusion, the company has no set vision, mission, or values statements. There are no clear and defined goals for the organization. The company must do the following in order to begin the process of changing: 1. Develop a vision statement in order to allow everyone to understand what it is the company wants or intends to do. 2. Develop a mission statement that supports that vision. Then, with the vision, begin to work aggressively to realize that vision. 3. Access your company as a whole and determine those values that will support your vision and mission from those that are within your employee base. Tweak and revise constantly in order to ensure that your company reflects the very best and important aspects of your employee base and that they genuinely feel like a part of the team effort. Your employees are your business and the most important part at that. Without them you are out of business. Hold management (CEO, Board of Directors) accountable in ensuring that they make decisions based off of various established statements. 4. Lastly, strongly impart to everyone what the overall goal(s) are for the organization and give them the tools and support to achieve it/them. The company must ensure that it effectively incorporates and uses the first three legs of the support (vision, mission, values) to realize the final result or goal. A goal is nothing without the latter three. With these recommendations you will find that the organization will function and flow far more efficiently than before. It will take determination and real effort on the part of California Pizza Kitchen to achieve the recommendations as laid out in this Summary. I thank you for your attention to this assessment summary. Works Cited California Pizza kithen. California Pizza Kitchen. November 2010. 30 November 2010 . Gottleib, Hildy. 3 Statements That Can Change the World: Mission/Vision/Values. 2007. Creating the Future. 28 November 2010 . Smith, Richard M. Rolling In Dough. 25th June 2007. Harmon Newsweek LLC. 30 November 2010 . California Pizza Kitchen CALIFORNIA PIZZA KITCHEN TUI University Instructor: MGT599 Module 1 Case Study The purpose of this report is to identify and give feedback on the company’s current mission and vision statements as well as its values and goals as stated (or not) by the founders and management. The need to have a clear vision and a real mission statement is fundamental and vital for all businesses. The values that make the company what it is and the end state or goals that it wishes to achieve are equally important. In looking at these factors I will identify the following where possible: What is California Pizza Kitchen’s vision statement and is it relevant? What is CPK’s mission statement and is it effective? What are the values and short and long term goals and what is the company doing to clarify and refine them on a continuous basis? Hildy Gottleib of the Community-Driven Institute has an excellent way of differentiating and explaining what vision and mission statements are. She says the simplest way of doing it is using three little letters and they are â€Å"ARY. Used in this way, Vision and Mission look quite different and are much easier to understand. (Gottleib) She goes on to say that written in this way it is easy to understand that when someone is a visionary they are able to see what it is they want to do and as a missionary they are able to execute their vision. She used the analogy of Jesus. He was the visionary and his disciples were the missionaries. (Gottleib) A good majority of organizations have websites like CPK’s. On these websites most companies will give their mission statement if you will. This statement is important for many reasons. It is stated so that potential clients and or investors can learn what the company is about when it comes to business. This is what helps draw people to the business. When people have a clear understanding as to what a company does or wishes to do in regards to customer service, it causes them to take stock of the company and determine if the company is a right for their consumer needs. My research of the company shows that the company has no mission statement as of publication of this report. The closest mission statement (if one were to call it that) that I could potentially identify was â€Å"CPK’s strong brand awareness has been developed primarily through full service restaurants and through the expansion of our high quality fast-casual, CPK/ASAP concept†. (Smith) I believe another way of saying this is that it is California Pizza Kitchen’s mission to be a â€Å"leader in authentic California-style cuisine† (all the while) being widely known for diverse and innovative menu items. This is no clear mission statement as given by the company but rather this person’s interpretation. If you read their website you will not find much of anything except their personal story. Although this is nice, it tells neither the customer nor the potential investor anything as to what the company is striving towards in clear language. It does nothing to spark or draw interest to the company. California Pizza Kitchen has no clear or discernable mission statement and their vision statement is just as absent. On their company website is stated the founders intent but not their vision â€Å"Having always wanted to get into the restaurant business; they traded in their legal pads to serve hearth-baked pizzas. (California Pizza kithen) Their unspoken business vision was to create pizzas that were an interpretation or a culmination of food with an international flair on a global level. Their pizzas include such creations as a Jamaican Jerk, Thai, and shrimp pizza. This flair has served the company well. Although the company has gone through a rough patch while under the ownership of PepsiCo which nearly ran the business aground due to what some may say was an overly aggressive business model , the company is now back on track with the original founders put back in control of the company. This has allowed CPK to right itself and grow at a more realistic pace. The founders have been allowed to lead the company as they intended at the start and the brand name is flourishing. It is because of this vision that the company is again succeeding. So, it is fair to say that the company has a vision but that vision is shallow and has no clear long term ambition other than serving specialty pizza. I have made numerous inquiries both by email and phone calls to the main office and other places within the company to clearly state their values and goals. I finally received a reply from a Mr. Locksley who is a member of their marketing and relations department. My request to him was simple; tell me what you understand the company’s values and goals to be. He simply regurgitated in an email his company’s web page statement. This is not good. Either he is unable to clearly communicate the company’s values statement as well as their goals or, there are none. It is my findings that the company has no values or goals statements. The company is simply operating on a loose configuration of statements given on a webpage or in an employee handbook. The company touts respect, opportunity, communication, and kindness (R. O. C. K) for all just like all other companies but, there is nothing that I could locate in my search for the employees to get behind other than that. (California Pizza kithen) The company has not given its employees a set of values that all can get on the same page with or real sustenance and purpose. There is an employee handbook but it is more like a generic/vanilla document that covers employee benefits, requirements for uniform standards, and other HR issues. No wonder the employees have no clue. You can’t enforce company standards or values if you don’t ensure that all have access to them in order to read and comply. This is totally unsatisfactory. Goals, the company has no clear or identifiable set of goals in its current state. While under PepsiCo the company had a goal to grow at a stated pace over so many years, while under the current leadership they are focused solely on repairing the damage to the brand name caused by PepsiCo. This could be a goal of sorts but it does or says nothing to the effect of what the company’s future overall end state is. The company must look at its current situation and develop a set of goals that will enable it to better move forward and grow. Although the company will either continue to survive or eventually wither and fail, a good set of goals will enable everyone to work smarter and more effectively toward success. This aspect is of great importance to company shareholders in that it affects their profits. If the company can’t define a clear goal for the company in regards to profits then the stakeholders in the company suffer and will eventually sell out. Stakeholders want to make money as in any organization and if they don’t, they will revolt on management until it responds. Some things that I would recommend to the company in general are: 1. work aggressively to develop a short and long term vision for your company. 2. After you have your vision identified, develop a team of individuals to recognize your mission and then implement it by sending company leadership out to the employees to articulate it. Once everyone knows what it is the company wants it can begin to implement that vision by working to achieve it. . Take a consensus from across the entire work force in what it deems is or is appropriate values that you want the company to follow. This can be done by online employee surveys or management at each store location polling workers on site. You can gather results either way and decide on those values that are important to all workers at every level and exemplify the very best traits and characteristics of your busine ss. This will allow workers to feel good about where they work and give customers a more positive attitude about the business they are frequenting. . Develop a goal for your business. You can have a goal for employees in regards to customer service and one for the future growth and development of CPK franchises. Both will reap huge rewards for you business. I recommend that you place your vision, mission, values, and goals in high visibility locations throughout the organization. This allows everyone to read and understand what it is they are working towards. Place them in the company board room so that the CEO and board of directors can see it every time they meet. Use them as a gauge to see if the senior leaders are using them to make decisions which support your various statements. If their not then either replace them or hold them accountable for their failures by withholding bonuses or other perks. In conclusion, the company has no set vision, mission, or values statements. There are no clear and defined goals for the organization. The company must do the following in order to begin the process of changing: 1. Develop a vision statement in order to allow everyone to understand what it is the company wants or intends to do. 2. Develop a mission statement that supports that vision. Then, with the vision, begin to work aggressively to realize that vision. 3. Access your company as a whole and determine those values that will support your vision and mission from those that are within your employee base. Tweak and revise constantly in order to ensure that your company reflects the very best and important aspects of your employee base and that they genuinely feel like a part of the team effort. Your employees are your business and the most important part at that. Without them you are out of business. Hold management (CEO, Board of Directors) accountable in ensuring that they make decisions based off of various established statements. 4. Lastly, strongly impart to everyone what the overall goal(s) are for the organization and give them the tools and support to achieve it/them. The company must ensure that it effectively incorporates and uses the first three legs of the support (vision, mission, values) to realize the final result or goal. A goal is nothing without the latter three. With these recommendations you will find that the organization will function and flow far more efficiently than before. It will take determination and real effort on the part of California Pizza Kitchen to achieve the recommendations as laid out in this Summary. I thank you for your attention to this assessment summary. Works Cited California Pizza kithen. California Pizza Kitchen. November 2010. 30 November 2010 . Gottleib, Hildy. 3 Statements That Can Change the World: Mission/Vision/Values. 2007. Creating the Future. 28 November 2010 . Smith, Richard M. Rolling In Dough. 25th June 2007. Harmon Newsweek LLC. 30 November 2010 .

Cowgirl Chocolates

Cowgirl Chocolates Case Study 1. What are some of the critical strengths and weaknesses of Cowgirl Chocolates that determine the success of this small business? Can the weaknesses be overcome by the strengths of the business? Some of the critical strengths of Cowgirl Chocolates that determine the success of this small business include product differentiation, quality, flexible return policy, and personalization. Cowgirl Chocolates is very modern creation since it meets the needs of a specific market of spicy and chocolate fans by combining both cayenne, a spice, and chocolate, a sweetener.The business also is known for using premium ingredients in all of the chocolates it offers. The business not only offers a flexible return policy, which gives customers a full refund guarantee if they end up disliking the spicy truffles but also facilitates trial purchases for customers interested in the spicy chocolates. The company also uses personal notes in the Web site orders in order to build customer satisfaction. Some of the critical weaknesses of Cowgirl Chocolates include having a high production cost, not having a tailored mission statement for this specific business, and lacking focus.Cowgirl Chocolates has to pay a lot of money for the packaging, ingredients, and travel expenses to make the hot caramel dessert sauce. The business also is unfocused because of weak distribution, there is no product definition or market research, and the target market is thus dispersed due to not having a properly defined consumer base. Yes, the weaknesses can be overcome by the strengths of the business if the business spends time focusing on the weaknesses listed in order to build a more successful small business. 2. Using the total product view, describe the â€Å"hot and spicy chocolate truffle† offered by Cowgirl Chocolates?Based on this product view do you think this product will be readily accepted by consumers? Why or why not? The â€Å"hot and spicy chocolate truffl e† offered by Cowgirl Chocolates were offered in several flavors such as plain chocolate, mint, orange, lime tequila, and espresso. The plain chocolate, mint, and orange truffles were wrapped in gold wrappers, the lime tequila truffles were wrapped in green wrappers, and the espresso truffles were wrapped in red wrappers in order for the customer to recognize that this truffle was extra spicy and hot.Personally, I believe the packaging of the truffles is not fully understandable because red does denote something hot, while the other flavors wrappers don’t fully translate to being hot and spicy. The truffles were also available in gift boxes, drawstring muslin bags, a collectible tin, and also in a plastic bag if the customer chose to purchase the truffles on the Cowgirl Chocolates website. Personally, I do not believe that consumers will readily accept this product because the general market of consumers will more than likely purchase sweet, milky chocolates over hot an d spicy chocolates.The purchase of Cowgirl Chocolates fully depends on whether the consumer likes the taste rather than attractive packaging and different experience. 3. What market do you think the â€Å"hot and spicy truffles† is competing in—the hot and spicy food market, the chocolate candy market, the gift niche market, or other? Personally, I believe the â€Å"hot and spicy truffles† are competing in the chocolate candy market because when one thinks of the name â€Å"Cowgirl Chocolates† the word â€Å"chocolate† comes to mind rather than hot and spicy. The hot and spicy food market is strongly associated with spices, sauces, Mexican foods, and Spanish influenced foods.Cowgirl Chocolates thus seems more likely to be successful in the chocolate candy market rather than the hot and spicy food market due to the unique packaging of the truffles, the brand name given to the product, and the premium ingredients and price. 4. What is your assessment of Marilyn’s promotional efforts? In order for Marilyn to increase the sale of her chocolates, should she use a push or pull communication strategy? Personally, I believe that Marilyn has been very effective with her promotional efforts in order to create customer demand. Through the use of her award-winning recognition for packaging at various art shows, dvertising in her local newspaper, the Soviet Awards recognition of her unique and tasty products, and presence and involvement with Seattle Chocolates have thus far helped bring some awareness for her product. In order for Marilyn to increase the sale of her chocolates, she should use a pull communication strategy because the more publicity she is able to gain for product and creative packaging, the greater awareness she will thus be able to gain for her business. 5. As you examine Exhibit 2, you will note that Cowgirl Chocolates offers several gift packages (1/4 pound, 1/2 pound, 1 lb. gift bucket, gift basket, nothing fa ncy) that range in suggested retail prices from $8. 95 to $59. 95. Given these price and packaging alternatives what type of product (convenience, shopping, or specialty) is Cowgirl Chocolates? Based on this classification would the buyer decision more likely to be a routine, limited or complex decision? Explain your reasoning. Given these price and packaging alternatives I believe Cowgirl Chocolates are specialty products because they are more expensive and thus for the most part exclusively distributed in either specialty stores or gift stores.By classifying Cowgirl Chocolates as specialty products, buyer decision would more likely be a limited decision because it requires putting though in the shopping process and therefore the decision whether to purchase or not purchase the product the product takes place in a store environment where the display of the products is thus very important to whether or not the customer will thus end up purchasing the product. 6. The suggested retail price and wholesale prices of Cowgirl Chocolates products are displayed in Exhibit 2 along with the product and packaging costs.Based on this information, discuss the relative merits of using a cost-based, demand-based, or competition based pricing method. The relative merits of using a cost-based, demand-based, or competition based pricing method include recognizing the that the retail prices are pretty much double the wholesale price. Thus, the combined packaging costs and the imported chocolate make these high-quality products very costly even before markups on the products are made at both the wholesale and retail level. Similarly, hen one compares the price of for example, the half pound tin, that seems very expensive when compared to a 24 pack of Lindor Chocolate Truffles which costs $12. 00 a bag. 7. Construct a table consisting of the generic marketing mix strategies. Based on what you know about Cowgirl Chocolates, what marketing mix plan would you recommend to Marilyn and why? Based on what I know about Cowgirl Chocolates, I would recommend gift purchases to Marilyn because gift purchases are strongly influenced by both situational and temporary conditions, which thus allow for numerous opportunities to purchase Cowgirl Chocolates.Furthermore, these chocolates are very appropriate to give to a male consumer because research shows that men like hot and spicy foods more so than women. Cowgirl Chocolates would also be a good small gift to someone hosting a party or a dinner since a lot of consumers look around for a small gift in order to say thank you to the hostess.? 8. For a small business like Cowgirl Chocolates, what benefits and/or potential problems does a website offer? For a small business like Cowgirl Chocolates, a website offers both benefits and potential problems.The benefits include providing Marilyn the opportunity to build an online customer database and a database with customers who are thus repeat customers. Another benefit includes t he business Cowgirl Chocolates to gain online awareness by being features on the appropriate online portals like chocolate candies and unique gift products. The potential problems include the possibility of sales increasing online and Marilyn thus must figure out a way to manage the increasing demand which might include having to pay additional costs in both packaging and shipping and additional labor costs in order to prepare the packages.

A Background on Emotional Intelligence and IQ

A Background on Emotional Intelligence and IQ For many years lots of emphasis has been put on certain aspects of intelligence such as spatial skills, math skills, logical reasoning, verbal skills understanding analogies etc. Researchers were complicated by the fact that while IQ was able to predict academic performance to a significant degree and, in some way, personal and professional success, there was still something missing in the equation. Some of those people that they had fabulous IQ test results they did in life in a poor wayand someone is able to say that they were wasting their potential by thinking, communicating and behaving in a way that hindered their chances to succeed in their life later. Emotional intelligence (EI) in the other hand is the capacity, skill, ability or in the case of the trait emotional inteligence model it is a self-perceived ability which helps in order to control, access and identify the emotions of himself/herself, of others and of different groups. Many different structured models have been proposed to the scientific community but there is a great disagreement on how this term should be used. Despite these disagreements, which most of the times end to be technical, the trait emotional inteligence and ability emotional inteligence models, but not the mixed models, enjoy support in the literature and have successful applications in a variety of domains. The first roots of emotional intelligence we can say that it is Darwin’s work on the importance of second adaptation and the expression of the emotion for survival. Around the 20th century, although most of the traditional definitions of inteligence emphasized problem-solving and memory and generaly cognitive aspects, many influential researches in the intelligence field had shown how important are the non-cognitive aspects in the field of intelligence. In 1920 for example, E.L. Thorndike in order to describe the skill of understanding and managing other people he used the term social intelligence. In the same mann er, David Wechsler in 1940, described on intelligent behavior the influence that non-intellective factors have, and furthermore he argued that we should adequately describe these factors in order the models of intelligence to be complete. In the same manner Howard Gardner in 1983in his book Frames of Mind: The Theory of Multiple Intelligences he was the first that introduced the idea of multiple intelligences which included both intrapersonal intelligence which isthe capacity to appreciate one’s feelings, motivations and fears and to understand oneself and interpersonal intelligence which is the capacity to perceive the motivations, desires and intentions of other people. On the other hand Gardner’s opinion was that IQ scores only are not able to explain one’s cognitive ability. Thus, although the names given to the concept had a wide variety, there was a common belief that traditional definitions of intelligence and IQ scores only were lacking in ability to ful ly explain the cognitive performance outcomes of a person. The first one who used the term â€Å"emotional intelligence† is usually attributed to the doctoral thesis of Wayne Payne, A Study of Emotion: Developing Emotional Intelligence which was made in 1985. However, prior to this, the term â€Å"emotional intelligence† had appeared in Greenspan in1989 and in Leuner in 1966 also put forward an EI model, followed by Mayer and Goleman, and Salovey.The distinction between ability emotional intelligence and trait emotional intelligence was introduced in the start of the 21st century.

Five Point Plan for Crime Reduction Term Paper Example | Topics and Well Written Essays - 2000 words

Five Point Plan for Crime Reduction - Term Paper Example Five Point Plan for Crime Reduction There is need to focus beyond individual intervention, enforcement and suppression. Most of these gangs are youth gangs. In order to respond well to the youth, strength-based approaches should be incorporated. There is a need to increase focus from criminal behaviors. This is just an indication or results of involvement in gangs. The problem of gang involvement should be clearly defined and its causes clearly understood. These causes should then be addressed as matters of priority.Therefore, there is need to reach to the roots of gang formation and involvement. There should be a shift from over-emphasizing reactive solutions like enforcement and suppression which only deals with those who have gotten the attention of the judicial system. Traditional methods of curbing crimes like enforcement and suppression are not sufficient in controlling the existing and emerging criminal activities. Further more, these approaches are harsh and create rebellion. They do not prevent crimes but deal with its aftermaths. Therefore there should be a shift from these traditional to strategic policies. Reduction of crimes should be a shared vision and responsibility. Necessary resources, knowledge and skills should be incorporated in order to see the success of this Five Point crime reduction plan. There should be adequate and continuous support for local communities. The public should be informed and engaged. Their support and co-operation is also very necessary because they are the main victims of such criminal activities.

Comparison of emerging technology Thesis Example | Topics and Well Written Essays - 750 words

Comparison of emerging technology - Thesis Example In client-side data storage, there are a lot of risks involved. First of all, client side data storage is triggered by web application and this data storage is user specific. This implies that most caching mechanisms are not treated as client side storage. In client side data storage, the storage space is limited by the browser and most of the time it impacts generic data rather than user specific data. In cloud computing, data is stored on multiple virtual servers generally hosted by different third parties. It is not stored on dedicated servers. In cloud computing, hosting companies operate with large data center and people who want to host their data buy storage capacity from these companies. There are no storage capacity constraints in this. Mainframes have many different types of data stored in them. These can be in the form of flat files, relational databases, non relational databases and specialized file systems. These are just a chosen few examples of the different ways in which data are stored on mainframes. Each of these data types require different methods for data access as a result of which highly specialized skills are needed for developing methods. In personal computers, data access from memory has gradually evolved over the years. Initially semi-conductor memory was used. This memory is on an integrated circuit or chip. It is referred to as random access memory or RAM and allows data to be accessed randomly. Dynamic random access memory or DRAM is a very common type of random access memory for most personal computers. Static random access memory or SRAM does not have to be refreshed. Data access revolves around the client-server model on client/server computer architecture. Data access varies according to different organizations. Users accessing banking services from their computer use web browser client to send request to web server at a bank. In this the program forwards the request to a database client program which in turn sends a

International HRM PowerPoint Presentation Example | Topics and Well Written Essays - 1500 words

International HRM - PowerPoint Presentation Example Other studies suggest that there are certain aspects to business organisations like technology, structure and other common practices that transcend culture and form a commonality between how businesses operate across cultures (Kerr et al, 1973 & Hickson et al, 1979 cited in Mullins, 1999). In Hofstede’s words, â€Å"effective multinationals have created practices that bridge the national value differences† (1997). This suggests that uniformity in organisational structure may in fact help the organisation create its own culture regardless of national culture differences. These common practices are what help international managers operate effectively beyond their own cultures. Identifying Cultural Differences and Prejudices: â€Å"One’s own culture provides the ‘lens’ through which we view the world; the ‘logic’ by which we order it; and the ‘grammar’ by which it makes sense† (Avruch and Black, 1991) Hofstede (1994, 199 7), argues that ethnocentrism, the behaviour where one considers their own culture to be superior over others, has no place in a world that is getting smaller due to globalisation. The same applies to management, as Evans et al (1989) suggest that managerial styles designed in one culture may not easily translate to another because of the differences in traditions and values of the management and workforce. Globalisation has increased pressure upon firms to invest across cultures to maintain their competitive advantage and to be open for new opportunities. This calls for international managers to be prepared for the challenges they may face as they venture into unknown cultures. Understanding people requires understanding their background, as their background has provided them with their culture and would help one predict their present and future behaviour (Hofstede, 1991 cited in Tulder & Zwart, 2006; Scullion and Linehan, 2005). This calls for an understanding of historical origin s of culture in terms of religious beliefs, values and norms (Hofstede and Bond, 1988). In most cases cultural traits can be identified through culture-specific literature, for example, the Holy Bible, which has historic significance in the evolution of both American and British cultures. Both cultures, argues Cleary (1991), are derived from belief in Biblical texts, which suggest an absolute truth outside of oneself, and as a consequence, one evaluates issues in terms of absolutes and fixed goals. So both Brits and Americans, or westerners in the general sense, according to Trompenaars (1993), tend to be goal oriented and tend to rely on legal contracts during business negotiations. Also, as multicultural nations, both offer a weak culture (Robbins, 2003), which is flexible to change. People in both cultures also tend to be more short-term oriented in their association with organisations. Evans et al (1989) suggest that in the west in general, â€Å"workers ‘sell’ the ir time to the company for wages and do not owe any allegiance to the company in their own time† (pg130). The Five Cultural Dimensions: Hofstede’s five dimensions of cultural values can be now applied to both cultures to better understand the challenges of cross-cultural management, and to derive suggestions for the International

Children who are raised by single parents can be just as progressive Essay

Children who are raised by single parents can be just as progressive with emotional, social and behavioral skills as those who are raised by both parents - Essay Example Single parenthood is on the rise across the globe resulting in mixed reactions pertaining to the stability of children raised by single parents. The high prevalence is attributable to a multitude of factors; for example, the rampant spread of feminist ideologies, technological advancement and high divorce rate (Ellwood & Jencks 1). Feminist ideologies advocate for women empowerment achieved through financial liberation, and disputing socially constructed gender based stereotypes that confine women to specific social roles. The modern, liberated woman defies traditional social expectations whereby, marriage becomes less of a priority as the focus shifts to career development. In addition, these women are free to express their sexuality openly; for example, pre-marital sex and having children out of wedlock is now common and met with minimal disapproval by the society (Ellwood & Jencks 4). In some cases, these women explore alternative methods of having children on their own such as ad option or procuring the services of fertility specialists trained to perform artificial inseminations. Technological advancements targeting reproductive health have made the latter possible. Finally, the high divorce rate also contributes to the rise in single parenthood. Initially, courts required proof of infidelity, neglect or abuse to dissolve a marriage. This is not the case in contemporary society whereby, legislative directives approve no-fault divorces (divorces based on irreconcilable differences) (Ellwood & Jencks 5). In â€Å"Resilience and Vulnerability†, authors Hetherington & Elmore (182-212) discuss the role of resilience in influencing positive development of children raised by single parents. Resilience refers to an individual’s ability to cope and adapt to changes in their physical and social environment. Hetherington and Elmore infer that parenting styles adopted by parents function to build or destroy a

Legislation, Health and Safety and Regulations Essay

Legislation, Health and Safety and Regulations - Essay Example In every organization, it is important that Health and Risk mitigation procedures follow a recursive procedure as shown in the figure below as this will ensure that necessary actions are taken to prevent and control the occurrence of accidents in the workplace. Figure 1: Health and safety in the workplace Source: http://www.snh.org.uk/uplandpathmanagement/img/imagex11.gif Telecom data centre has had the same H&S procedures for the last 10 years. As the new H&S manager, I intend come up with new procedures that will be beneficial to both the company and the workforce. This report will be passed on to the managing director for consideration. It will consider proposed alteration in two areas; Risk assessment and health and safety policies, which will be both beneficial to the company and the work force. First aid, accidents and ill health risk assessment, in addition to, health and safety policies, are two of the main areas that need to be reviewed, which will be both beneficial to the company and the work force. Policies never been renewed for the last ten years and therefore they have become obsolete. Their renewal will help shed some light to the board of directors on personal protective equipment, staff training and consultation, in terms of health and safety policies for both employees and the company. ... Therefore, the employers should make sure that their products are safe as well as provides information on safety precautions to be adhered to while using the products. However, the employees should take precautions for their safety. Telecom data centre has not renewed its first aid, accidents and ill health risk assessment, and health and safety policies for the last ten years and therefore, as the new manager of the company, I would recommend some of new procedures and indicate why and how the new procedures are more beneficial to the company and the workforce. Risk assessment The UK Health and Safety legislation clearly sets out duties of employers and other members of public as well as employees to themselves and each other. In other words, an employee is required to take precautions in order to reduce or avoid risks in the workplace. All employees should take look at the risks and take sensible measures on them. Risk assessment should therefore, be straightforward in workplace. T he Telecom data centre risk assessment policies are complicated and only deals with serious hazards. Both the employers and employees in the company have a tendency of not recording their significant findings on any risk assessments. Telecom data centre should therefore, assess all the risk in their work place and provide training to their employees. This is because, recently, the company has neglected this issue and no training programs are available for employees to learn about risks as well as prevent themselves. The UK law requires that employers should carry out a risk assessment in order to set up any emergency procedures as well as provide clear training and information to

Liquid Gated Biosensor Research Paper Example | Topics and Well Written Essays - 5000 words

Liquid Gated Biosensor - Research Paper Example 6 18 Conductometric biosensor 19 Surface acoustic wave-based sensors 20 Bibliography 20 Farhan A.(2008 ).Nanobiosensors .American Society of Civil Engineers.Methods Mol Biol. Pp.115-26. 24 Further reading 24 Palchetti I, Laschi S, Mascini M. (2010). Electrochemical biosensor technology: application to pesticide detection. Universita degli Studi di Firenze. Italy. 25 Background/introduction Nanotechnology advances are opening development for the biosensors on micron size features that are suitable on detection of molecules in biological sciences. Based on the size micro is added onto the biosensor to indicate the scale. Development of biological sensors for water industry is experiencing growth on the two decades past (Lim et al 2005). The progress on the developments in nanotechnology provides the nano-materials (Vaseashta 2005). Nanoscale materials show extraordinary electrical and optical as well as mechanical properties in comparison to their counterpart. Sensors using these mater ials interact with the cells such as bacteria, protozoa and virus as well as proteins, antibodies. They also interact with chemical species to produce a signal. These signals are converted to property with a measurable response such as current or light intensity etc. which may be amplified or processed and even stored for the analysis (Erickson et al. 2008). Objectives The main objective of the study include; -To use reduced graphene oxide to detect cytochrome c. - To describe why reduced graphene oxide is used as a detection platform for cytochrome c (protein) using the liquid gated method Literature review The main applications for the biosensors are focused on the water safety for detecting waterborne pathogenic organisms. Diseases from pathogens that are water borne give a great challenge in developing and developed countries. According WHO (2005), World Health Organization estimated deaths in year 2005 of about 1.6 million on consequences diseases that are water borne. These ri sks have not been completely in elimination with best practices of water treatment in this industry. The predominant techniques identified waterborne disease causing pathogens and rely on culture based practices that are selective and also time consuming. A study conducted by Farhan (2008) reveals that, Biosensors meet most requirements hence leading to highly sensitive and specific as well as a rapid platform in detecting the waterborne pathogens. Studies have reported on biological molecules techniques and also transduction techniques on various pathogens (Farhan 2008) .At present very few assays meeting the requirements for assay time and also detection limit. The high percentage applications of biosensors in food industry are on development of the portable detection platform (Arora et al 2006). In Consideration of the diverse and complex environmental samples and wide range on environmental applications and also economical benefits that are low. Presently more need is of portabl e biosensors that have rapid detection in waterborne pathoge

International Students Essay Example for Free

International Students Essay Attention getter- â€Å"Did you have a lion in your backyard when you were growing up?† â€Å"Did you have to hunt for your food?† Reveal Topic- These were the questions asked by my classmates when I first moved to the United States. Often times, international students are asked bizarre questions about their culture. Frequently, international students are asked what their names mean and although most may know, some don’t have the slightest idea. My name, Taiwo, means first of the twins to be born and the first to taste the world. From the audience survey I received back, only 2 out of 16 people that took the survey knew the meaning of their name. Most questions asked of international students can be humorous but some are very offensive. Credibility Statement- I moved to the United States when I was 12 years old, and my biggest problem was readjusting to the weather, which by the way I’m still not adjusted to. In Nigeria, my home country, there are only two seasons which are the wet and the dry season. Although I am not an international student, I can relate because I had to go through so many changes and at one point it was unbearable. Each year, Johnson County Community College is home to international students from more than one hundred countries with their own cultures, skills, and struggles. Preview of main points- Today, I am going to inform you about international students struggle with challenges like cultural and social adjustment. Connective- First, I would like to explain I. International student’s struggles with cultural adjustments. A. According to Gregory Trivonovitch, there are four transitional stages: a honeymoon, hostility, integration/acceptance, and finally, the home stage. 1. The honeymoon stage is described as the stage full of joy and excitement because most international students that are just arriving are captivated with everything new. They  a excited to start studying at a United States university. The second stage is hostility that â€Å"is characterized by frustration, anger, anxiety, judgementalism, fear, and sometimes depression† (Claremont). The third stage  is integration and acceptance, meaning when international students start to feel comfortable and relaxed in their new environment. At this stage they can join different clubs like the international club. The international club at Johnson County Community college â€Å"brings together students from America and around the globe for educational and social activities† (Johnson County Newspaper). The last stage is the home stage. This final stage is the â€Å"feel at home† stage that allows the students to absorb both their culture and the American culture. 2. Students go through these stages because they feel that they have lost but at the same time gained their identity. B. The anxiety and stress of being separated from their families, relatives, and their friends in their native countries can be overwhelming for them. 1. Leaving a culture and surroundings that one is very familiar with while transitioning to a new one can be difficult. 2. For instance, my friend john, an international student, said he asked one of his friend to â€Å"hook up†, meaning he wanted to hang out, but his friend taught he meant to â€Å"hook up† â€Å"hook up† as in sexually. John also mention how difficult it was for him to adjust to this new lifestyle and is still learning how to. Connective- Now that I have informed you about international students struggle with cultural adjustment and along with it explaining the four stages of cultural shock, II. I am going to explain international students’ struggles with social adjustment. A. International students usually stay in the United States for a short period of time or depending on how long they study for. They face sets of challenges such as interacting with others and making new friends. B. â€Å"International students may also experience a loss of social status and self-respect because their social standing in their home country may not be recognized in the U.S.† (Eunyoung). 1. Even though their suffering might be too much there are ways to manage. As mentioned earlier, the Johnson County Community College International club is a great way to network. a. The club â€Å"is an organization that works to increase international understanding and friendship† (JCCC brochure). b. This club as many goals in mind like â€Å"support for new students, social activities that increase awareness about American culture, fundraising activities to support scholarships for international students† and more (JCCC brochure). 2. Fear of belonging and coping with it. Conclusion- In closing we have learned the struggle international students face with challenges like cultural and social adjustment challenges. International students badly need to be given full initial and ongoing explanations of what is expected of them, how the system works, and where to get help. Being in a country you’re not familiar helps you learn. If you go to a foreign country you are not familiar with, these tips will be very useful in adjusting without any complications. Bibliography Stages of Cultural Adjustment. CGU Writing Center. Claremont Graduate University, n.d. Web. http://www.cgu.edu/pages/945.asp. Hurtado, David. Students Clubs Aim to Increase Involvement. The Campus Ledger 21 Sept. 2012: 6. Print. Johnson County Community College International Club. Johnson County: n.p., 2012. Print. Eunyoung, Kim. An Alternative Theoretical Model: Examining Psychosocial Identity Development of International Students in the United States. Rep. Project Innovation (Alabama), n.d. Web.

Strategic Quality and System Management in Damro

Strategic Quality and System Management in Damro Abstract: This report critically evaluating the strategic objectives, policies and practices standards of quality and consistency of products and services of Damro a SirlankanFurniture Company. The company has existing audit practices and makes recommendations for future action. Research Methods included: a brief overview of the industry, analysis of internal organization documents, interviews, focus groups with key stakeholders, short standard quality system and provide literature on comparative analysis similar organizations. Various theories as a model and Pareto value chain Analysis was used to clarify the process and quality inspection. And finally, clear objectives consistent with overall strategic business goals, senior management responsibility for quality management systems and evidence consistency between strategic objectives and focus as a company exploring the quality of the current context to identify and it was based on recommendations and action plan audit quality. Introduction Operational management is part of the companys global strategy. Operation The management ensures that the product should be made in accordance with customer requirement, based on market demand. It would probably be the marketing department communicates their needs to the operating divisions, which Demand. Effectiveness is available and the effectiveness of the two important success of the operation. Right from manufacturing high-speed Right to output delivery. TASK1 DEFINE operation management According to Stevenson (2002) Operations Management is to manage this part of the organization responsible for the production of goods and / or services. Operations Management is part of an organization responsible for business planning and coordinating the use of organizational resources to convert inputs into outputs. Operations are a function of the three main business organizations, the other two marketing and finance. Operating function is present in both product and service oriented focus on organizations. Operations involve the design decisions and operational decisions decisions. Design decisions related to capacity planning, product design, design process, layout of plant, machinery and selected locations. Operating decisions relating to quality assurance, scheduling, inventory management and project management. The concept of operation management Operations Management focuses on the production processes and management distribution of products and services. Included in operating activities often product creation, development, production and distribution. It covers all operations within the organization. Related activities include managing purchasing, inventory control, quality control, warehousing, logistics and assessment. The nature of how the management operations in organization depends largely on the nature of the goods or services organization, such as retail, manufacturing, wholesale, etc. In operations management and efficiency are emphasized Process efficiency. Efficiency is achieved when processes at the lowest possible cost. The efficiency of the legal process creates the most value for the company. In addition, the operations Depends not only on decisions made by the management. If the management decisions, comes the concept of ethics Managers who fail Systems to provide leadership and facilitate the incorporation of ethical share responsibility with those who knowingly receive corporate mistakes. Executives who ignore ethics run the risk of personal responsibility and enterprise. Damro Introduction: Damrois a Sirlankan, company that own their own manufacturing facility. Mainly The product portfolio includes furniture, bedding, furniture, other plastic chairs and furniture for home and office. It is the best placefor wooden furniture. The company has developed its activities in India and other Parties from the Asian region. Damro among the most important furniture in the world producers offering a wide range of modern furniture and traditional. Since Damro in 1987, she had early success and extended to more than 80 showrooms across the world who now have 40 showrooms Island field. Damro success is past its ability to produce high quality furniture at affordable prices with exceptional customer service. Damro is so able to sell directly to you, then cut in the middle man. . Total number of people were working 1500.Damro recognized by manufacturing and marketing company in the best Sir Lanka, Damro Company to carry out other competitors, such as cost of product itself too smaller suppliers of other products, but now all of a kind where the supplier Damro One of the good society Why operation management is needed Effective use of all resources, such raw materials consisting primarily of plastic, plastic timber for furniture. Prudent use of cars Machine must be used for more than 10 years. effective services Rental cars are produced and require special. Cost Repairs breakdown of machinery costs extra money for the company. Indeed, growth Total cost for the company, which reduces the public interest. Meanwhile, combine to create employment and daemon. Operation management of Damro and its importance to achieve goal Manufacture of furniture according to customer needs. Production Programs should be made to maintain efficiency. Operation The management ensures that the best raw materials and suppliers of outsourcing best Selected on the basis of selection. So the final product to ensure quality each time, the operational highlight of which could further improve the production. For example, with appropriate coordination between marketing and operations- It is important. Most times, the operation could happen with new splitting products to the hospital three elements to existing elements products. Actually increases the operational management Avenue investment in production. Damro operations management Source www.cbpa.ewe.com Could achieve economies scale . Could significantly reduce costs through mass production based on the claim. Damro plastic chair has a higher demand. The company economies of scale achieved through the product range. What did May efficient operation department? In fact, economies of scale carry out are: * Cost reduction * Increased revenue * Reduced investment * You can improve innovation Input Processing Process Layout Materials Management Information System Customers If the company makes good quality product, which directly influence weaker corporate policies and the market, so each The Company must be high quality product. Impact on their businessmanagement system, even if the team management and their policies are good All drugs also affect this system. Customers also another important part of society, and quality management system important for the organization to continuously improve the effectiveness efficiency and performance. (Department of Trade and Industry, 2006). Processing Resources Process * Treatment of materials * Information processing Customers Product Release: Furniture designed for market requirements, various designs Furniture Color The important role of CEO to manage the operation accept the design, planning, control, performance improvement, and operation strategy. To include indirect interaction with other managers, which have an impact on operations? For example, marketing, finance, accounting, and engineering personnel. Making a decision is an important role of operational manager- The decision related to 1. Production process of goods and services 2. Quality of the goods or services 3. Amount of goods or services (operations capacity) 4. Material stocks (inventories) are required for goods or services 5. Human Resource Management TASK2 Total Quality Management Progress we are being used in many organizations is labeled Total Quality Management (TQM). It is this approach to ensure that the organization functions with a commitment tocontinual improvement of quality and meeting consumer needs. With any change there will always count The slow road bumps can help your company grow employee morale, production, profit and general positive environment do business. The intense pressure on the market pressure Wall supports business and to compete globally for new ideas explored. The objective of the TQM program to increase efficiency organization. During the era of decline and restructuring, many The U.S. companies to determine who should learn to manage effectively. Management is currently running on older systems as well as workers who use more sick days and abuse of company production process. TOTAL QUALITY MANAGEMENT Source www.erawsoft.com Objectives include: It is directly implied gross profit of the production cost. Effective Source plastic goods especially effective, quality furniture may environmentally friendly substances, such as wood used for furniture. But that only wood from trees replanted. The materials supplied as part of the management and operation. Selection of suppliers based on quality, consistency of supply, and ethically it is very important to achieving business objectives, already established. From the supply side quality chain and to work as a result of achieving company objectives. Creating a culture of innovation, better management of human resources to achieve results innovation in the enterprise. Employees should be encouraged to propose new ideas whenever possible. Therefore, developing innovative products that could be achieved as a result business objectives. But time and only if, simultaneously, to plan work schedules also important. This will ensure less waste, reduce inventory furniture, better accuracy and the resources used at the right time. While the company could use more income than is appropriate traditional method. Coordination between departments is essential for success objectives. Most of the marketing department to identify exactly what customer needs? Therefore, the furniture should be drawn up dealing with the marketing department. Otherwise, offer toys department has developed, which rejected the marketing department. While regular communication between other departments such as marketing, sales are important, He reviews the best outcome to change. Cross training is also important when it comes to achieving corporate objectives, Employees can work in marketing operations for two months understand customer needs when it comes to furniture types needs of various sectors such as hotels, hospitals and other offices Efficiency is important for successful application organization. The operational objectives are always based on organizational goals. Qualified Persons Employees of important furniture design company. Creativity is important for people to come out with innovative Products successful sales and marketing people to be important for better terms company. New machines are machines used to find us Innovative products Machines it is important that the production company focused. System at present Good marketing information system to show that new products meet or furniture They should reach out to different markets. Customer information is competitive necessary to change or modify products and attract new customers The companys total capacity to increase production or profit, including plant and raw materials in our laboratory. The Business Process coordinated series of activities and the activities people and equipment to assist with the organizational structure objectives. Resources used in polycarbonate plastic DAMRO also use PVC (polyvinyl Chloride), and other resources used plant and machinery, human resources and so forth. Damro is very careful in choosing materials, because The integrity, quality and safety an integral part of the furniture its commitment to customers. The human resources of more than 1,500 people work in both countries. Strictly by employees and effective skills necessary for the proper functioning of business. Thus, employees are required for work performance process. Quality control system: Quality control as part of quality management undertaken to determine the quality requirements. Quality control instruments: 1. Flowcharts-curve analysis of regular production of furniture, significant turnover. Indeed, the correlation was selling new products could grow by him. Meanwhile, it gives mention that at the time, increase sales? Is this because Examination of the season? So many different issues could be addressed by using flowcharts. At the same time, the diagrams can be used to understand the production and effectiveness, Defective product as well. A good analysis of debit cards could result in reduced defect rates and increase production. 2. Run chart 3. Scatter Diagram- could use a diagram to understand that in the period furniture to move quickly and the best turnover. Indeed, Could understand the rationale. quality system audit / practice management and quality control Quality control and quality assurance The quality control system of quality activities to access products or services from a customer perspective. Quality control system in general inspection and testing using rapid technical. A quality assurance management system designed to monitor activities all measures to prevent quality problems and to ensure that products are secure reaches the client. Benefits of Quality Management System To encourage active and effective leadership Give and empower staff Staff clearly understand their responsibility ensure consistency Focus on problem Quality audit Quality should be applied to any organization. quality operation The construction quality and brand marketing, merchandising ethical, Customer service ethic is important for the overall quality Company. Periodic, independent and documented assessment and verification activities, records, processes, and other elements of quality system determine compliance with the requirements of quality standard, such as ISO 9000. If they can successfully implement its publication and may lead to revocation of certificate of qualification. Also called the line evaluation or audit of the quality system Internal Audit: for all operations internal discussion here. functions of marketing, sales, operational efficiency and effectiveness measured. One of the most important objectives of internal audit performance effectiveness of the organization. Quality management system to direct and quality control organization. It is essential for organization to implement effective quality management. How to check value Nonconformities identify and correct, with some products defect.eg Furniture is a mix of different colors associated with the original version. So, before they should be sent to the retail agent to take out of stock. These products must be distributed non-compliant Market Place. Damro would compromise the image. Identify opportunities to improve and enhance procedures bizarre .- The company would increase Damro furniture standards. Even when costs rose to open more sales after a certain time. So this must be regarded as long term investment . Value added include * Improved consistency and less variation * Reduction in errors, rework, cycle time and leg ISO 9000 Damro products is the International Standards Organisation (ISO) 9000 systems, production standards were Damro Client Team low pay Average working less value for money Client / personal dissatisfaction No team in service deadline Low quality May durable goods Materials Damro review existing standards, and the opportunity to integrate different needs in product quality and safety procedure with Global Manufacturing, and lunch products in Asia and all other countries around the world. Total Quality Management (TQM) Total Quality Management is a systematic approach to planning and proven management activities. The objective of TQM is to ensure that each activity contribute to achieving corporate objectives, and it is effectively. The basic philosophy of TQM to do the right things right In the first place. The importance of quality management system in DAMRO Total quality must be considered in any business. Security Guard As CEO must make. Therefore, each organization must disclose employee buy-in quality that actually enhances the overall business society. To pass by todays competitive market your company must provide products and services according to customer requirements and minimum cost. To do this, the company must understand its role in the market Instead, arrange to play this role. And ensure that Dedicated commitment to serve the customer first. To errors, all staff members to give priority to quality manufactured. Not detect and correct errors A good way, because this approach is costly and not necessary to ensure that quality. SMC Damro designed based on International Organization Standardization (ISO) 9000. A quality system consultant Damro SMC and also seek validation by reference to practices and learn from others with great quality control systems. Task3 Strategic quality change in organization Definition of the objectives set by top management that guide how you can meet or move toward the goal of the grand vision and mission. Most of the strategic objectives and maximize return for business. Objectives of the organization must both be included organizations current situation and where the organization wants to go to the objective is what you want to achieve. The strategy for direction objectives. Quality change in organization Source www.hbft.com The manager must properly plan for staff training. It may be know the style and task procedures. If they are good ant training output certainly be false. Staff training and good Communication should have top to bottom. Monitoring and evaluation is also correct Must be between the team down at the bottom. Otherwise, they are not get quality production. The value chain model: Porter value chain model that helps to analyze specific commercial activities through which companies can create value, and competitiveness advantage. THE basic of porter value chain model Source www.themanager.org Integrated logistics: This is the first step in the Porter model, including the value chain acquisition, storage, transportation, testing and information systems product, service or product. Start: Procurement refers to the handling of raw materials or semi- from different suppliers in different countries and get ready to prepare or storage. Damro team perfectly well equipped for the reception furniture goods. Storage: Damro have their own houses well-equipped for storing materials and semi-finished products. Purchases of goods may be received and stored for a long time without deteriorating quality and freshness. Transportation: Damro Many modern vehicles to transport goods to and from deposit, So fast and reliable transport company. Give delivery within two days of delivery. Test: Another feature is that the company should have, as people Srilanka is more conscious of quality in order to verify the quality is very essential.Damro a team of quality control checks of the goods properly and take action where necessary. Information System: This is the system of internal communication among staff relating to land acquisition, receipt, storage, analysis and reporting standard goods. Damro is fast and reliable. Operations: She steps in the value chain where the model inputs converted to other retirement package. The process includes the following Maintenance and equipment: Machine is a very important factor in any organization that accelerates work. At this stage of processing raw materials into finished products car. Damro is well equipped with modern machinery in place for the production mechanical engineers to solve the problem if the machine. So Faster service can be done without compromising on production activities. SWOT OF DAMRO : Strength S1-market leader in Sri Lanka S2 best qualified technical staff S3-market penetration in India Weaknesses: 1-term needs time to introduce new products 2-team is not continuous culture Opportunity 1-marker spot in other countries like Europe 2 people are most concerned about lifestyle furnitures user-friendly changes 3-best economic development in Sri Lanka, after post-war 4-ability to receive orders online Threat: T1-competition Limit use of plastic- T2 T3-tax policies and rising costs for raw plastic materials Strategy Forms There are certainly have some threat but damro can overcome those by using the SWOT S1, S2, which used to build a competitive advantage Opportunities may O2, can be compete and overcome T1by force S1, S2 and O2 can be achieved . Successful operational objective to achieve organizational goals 1. To be the market leader in the furniture industry and keep up to 60% market share in the furniture industry in 2011. 2. Increase of 10% gross margin by reducing waste production efficiency and plant growth in 2011 3. To produce environmentally friendly furniture market in Europe and America, interest $ 2 million in sales in the product line 4. Increase the profitability of the portfolio and an increase of 15% 2011 5 May-penetrate the Indian market with local products Furniture quality in mind. Maybe create a factory in India to reduce logistics costs and cost of the tax on exports. 6. to 10% market share in the region from India by 2012 7. To be most business value through corporate social responsibility quality furniture for the people of Sri Lanka. Damro objectives Every business decision has a direct impact on the organization objectives. Purpose of the organization is important because Objectives are ongoing end purpose that can be achieved in the long term to ensure to achievement of the goals . The objectives: Increase productivity to reduce waste by 13% by 2012 Increased profitability by 15%, adding new brands in 2012. Reduce staff turnover by 2% to 0.5% in two years To achieve these objectives, the company must meet basic culture of total quality requirements. This is coming very much to focus on: It should reach sustainability in the furniture line Plastics are used in organic Quality of product marketing, The development of products based on market needs TASK4 The implications of proposed changes in the organization Any change in the organization to be affected by internal and external forces. Internal forces are primarily in response to changing process; it can change suddenly for motivating employees. Just in time. JIT learning is also known as production or stockless production. It produces the necessary units in necessary quantities time. For example, the company has around SriLankna dealers sell Damro furniture products for customers. The extranet can establish the Damro Stocks could be the size tolerances required to produce. Otherwise waste production increased more money. If any organization the inventory can be reduced. This eliminates waste and improve productivity. Should increase revenue through stock level, improving product quality, production times and delivery time and so forth. Benefits 1 Reduce operating costs 2 More performance and flow 3 Improve the quality 4 Fast delivery 5 Create a culture of innovation JIT create a uniform load on each point of continuous daily work production and inventory to meet demand during the end of time. Be reduced or use the site as possible, through better planning, product redesign, and process redesign. Flexible workforce, employees participate in production process. This will improve employees skills and give more responsibility and accountability. Implementation For successful implementation Damro involves the following steps: * Reduce all unnecessary stock. * Help employees make decisions. Employee regular feedback to improve products furniture * Maintain good relations with suppliers. Relationships with suppliers are important. Since when implementing JIT and only if they play a crucial role providers. Because if the providers not the necessary raw materials such as plastics, textiles, Damro will not be able to participate only on the concept of time and just in case. So keep good relations with suppliers and be informed on the progress of the operation is important for success. In fact, improves short and long term profits. Meanwhile, he also encouraged employee. TASK 5 Recommendations for damro to do better * Damro needs to improve product design and supervision quality product. Internal and external audit is necessary to maintain quality. * Quality Audits to ensure that everyone working under SMC. * Ensure that proper application of ICP * Provide adequate training to employees * Take corrective measures and monitoring procedures Conclusions Corporate objectives should shareholders be happy to lead to infection to be successful in the market. Business objectives could be achieved by increasing revenue (more sales) and production efficiency. Therefore, the operating division to provide greater accountability for their work to achieve corporate objectives. Damro strategy should be how the company increase profitability by 20% over last year. But that is not healthy for Damro financial development, because it could achieve long-term development without environmental focus .Thus, ethics and ethical development of innovative products is important. Social responsibility is an important goal of the company activity, which cannot be met without creating the best environment for employees, offering ethical products for customers and society.

Essays --

The executive branch enforces and carries out laws made by the legislative branch as long as they are approved by the head of state. You can find the executive branch in the constitution by looking up article 2. The executive branch consists of the president, the department of defense and many security agencies. To be the president, you must be a native born citizen, which means that you were born in the United States or someone who was born somewhere else but both of their parents are U.S citizens. You also must be at least 35 years old and have lived in the United States for 14 years. The president is elected when the people in each state vote republican, democrat or independent. Once they tally the votes up for each state, if it has more votes than the other party, then that state will usually turn to the winning party. Each state has electoral votes. Electoral votes are the votes casted by the representatives for each state in the Electoral College. These votes are determined by the population of a state. The Electoral College consists of 538 members, each states number of electoral votes it has are equal to the number of senators and representatives it has. The higher the state’s population, the more electoral votes it has. You add the 435 representatives, the 100 senators and the 3 electors from the district of Colombia. The number of votes adds up to 538 votes. That’s why the presidential candidates always try to win the big states like Texas, Florida and New York because by the winning the big states they can win the electoral vote and most likely win the election. You can win the popular vote (which is the vote of the people) and not the electoral vote and still win the election but it rarely ever happens. There is a pres... ...ch. The national government has many powers. Their powers include regulating interstate and foreign trade setting standard weights and measures, creating and maintaining armed forces, making copyright and patent laws, establishing postal offices, establishing foreign policies, creating federal courts, coin money, declaring war and finally admitting new states. The State Government also has many powers. Their powers include creating corporation law, regulating trade within state, maintaining schools, establishing local governments, making laws about marriage and divorce, conducting elections and finally providing public safety. The national government and the state government share some powers but not many. These powers include providing for public welfare, administering criminal justice, chartering banks, raising taxes, and borrowing money.

John Milton :: essays research papers

John Milton was born in London, England (1608), to Sarah Jeffrey and his father, who was also named John. His mother was the daughter of a merchant sailor. His father was a law writer and also composed music. He inherited a love for art and music from his father. By the time he was twelve he entered Christ’s college, Cambridge, where he wrote much religious poetry in Latin, Italian, and English. Milton was picked on often in the University, and he was expelled after starting a fist fight with his tutor. After that he spent six years at his father’s home, spending his days writing. During those six years he wrote: L'ALLEGRO, IL PENSEROSO (1632), COMUS (1634), and LYCIDAS (1637). In 1635, John Milton and his family moved to Horton, Buckinghamshire, where he continued his studies in Greek, Latin, and Italian. He traveled to France and Italy in the late 1630s, meeting the theologian Hugo Grotius in Paris, France, and the astronomer Galileo in Florence, Italy. Milton returned to London in 1639, where he set up a school for his nephews. He did not write much, for he was silenced by the civil war for twenty long years. Milton was concerned for the puritan cause, so during the civil war, he wrote a series of pamphlets against episcopacy (1642), on divorce (1643), in defense of the liberty of the press (1644), and in support of the regicides (1649). After the death of King Charles, Milton published THE TENURE OF KINGS AND MAGISTRATES (1649) sustaining the view that the citizens had the right to overthrow and punish tyrants. In 1951, he was faced with several unpleasant occurrences. He lost his eyesight for one, but even after that was put on trial for his controversial writings and political opinions. After the Restoration of Charles II in 1660, Milton was arrested as a noted defender of the Commonwealth, but was soon released. Milton paid a massive fine for his opposition. Besides the publicly setting fire to his works EIKONKLASTES (1649) and the first DEFENSIO (1651) in Paris and Toulouse, Milton escaped from further penalty following Restoration, but he lost much of his money and became a reasonably poor man, although Paradise lost sold over 1,800 copies.

Pauls Case by Willa Cather - Socrates’ Perspective of the Courageous

Paul's Case by Willa Cather - Socrates’ Perspective of the Courageous Paul In "Paul's Case" by Willa Cather, Paul becomes aware of the fact that his life is not exactly what could be called "liveable." His physical home leaves something to be desired, his teachers clearly dislike him, and his father is not the "model" father. Paul feels that these things are unjust and detrimental to his life. Due to the unjust things in his life, he decides to rid himself of them by running away. Later on when he decides to kill himself, he showcases his possession of the cardinal virtues. Paul's decision to kill himself is just, and therefore moderate, wise, and courageous. Paul is just in killing himself because he possesses moderation. Socrates says moderation is agreement between the classes of society (432b). For an individual, moderation is agreement between the parts of the soul. Paul has moderation due to the fact that he does kill himself. The parts of the soul were apparently in agreement. Evidence that his soul was in agreement is that he would not have killed himself if it were divided. The parts of his soul had to come to the same conclusion. For Paul that conclusion was suicide; the reasoning part decided that the only way to escape his dreadful life at home was to kill himself, the spirited part actually caused Paul to jump in front of the train, and the appetitive part caused Paul to want to jump in front of the train. To explain what all of this means, Gary Colwell presents this argument, "Harmony in the soul, that is, in the individual, results from reason controlling and guiding the individual's life, with the passions and appe tites serving in subordinate positions below" (400). Ac... ...introduced to his previous unjust life. To preserve Paul's "inner harmony" (443e), he has to kill himself. Suicide was the only thing left o make Paul happy. Gregory Vlastos, in his review of Terence Irwin's article, "Plato's Moral Theory," argues that "when we have been brought to see what our soul would be like if it were Platonically just (intellect, emotion, and appetite rationally harmonized in friendly, nonrepressive, order) . . . we shall have gained a new vision of happiness, which only that kind of soul . . . could realize" (127). Paul is happy because he escapes the pressures of life. Paul's decision to kill himself takes into account all of the cardinal virtues and is therefore just. Works Cited: Cather, Willa. "Paul's Case." Perrine's Literature: Structure, Sound, and Sense. Ed. Thomas R. Arp and Greg Johnson. New York: Heinle and Heinle, 2002.

Rat Pow

RAT POW Problem Statement: I this POW we were assigned to find the population of the exponential growth of a rat population, residing on a perfect, utopian island after a year. Organisms will flourish prosperity on the Island and no deaths would occur. The journey began when merely 2 full-grown rats, the one original male and female, arrived on the island. Their offspring would be determined by the following: Every day from January 1st, the original mother would give birth to a liter of 6 infant rats. Within this 6, half would consist of female offspring, leaving the other half to become male.She would continue to produce offspring every 40 days (the 1st Generation of Offspring). The 1st Generation would then produce their 2nd generation of offspring 120 days after their birth. Finally, the 2nd Generation would produce the 3rd Generation of their offspring after 40 days. Process: I organized my final data in a table format, but it was not a result of my first attempts to solve the pr oblem by any means. First, I made a sort of chart solely calculating which days were the markers for the original Mother's babies (the 1st Generation).I counted 40 continuous days, starting from January 1st, and when I got to the 40th day after January first (which was February 9th) I started over counting from 1-40 once again. I continued on with this method to conclude that 9 cycles of descendants would occur during 365 life span, reproducing every 40 days. In addition, I also had the dates of each of the days that Generation 1 would be produced, which I found out was no use to my problem or solution. From there, I thought I could simply count the days that the 1st, 2nd, and 3rd generations were born, but then I came to a realization with just how many rats there would actually be.I came to the assumption that such a tactic would take a tremendous amount of time to complete and that a different, and more efficient maneuver should be perused. So I got together with a friend to see if we could come up with a competent strategy. We decided we would conduct the family tree strategy, so we first taped many regular printer paper sheets together to have enough space for the tree. We started with a Male and Female plot, and attempted to branch of from there to depict each generation accurately.We quickly learned that our procedure, and the rate we were going, would probably take days to complete and that is was completely insufficient time-wise. We tried to find ways around it, and eventually decided to call it a day. At home, I explain the situation to one of my parents and they have me the idea for a table. It would consist of time intervals by day (day 1, 40, 80, 120, 160, 200, 240, 280, 320, and 360), the breeders during that time/day, and the number of rats during that day included in either the 1st Generation, 2nd Generation, of 3rd Generation.On day 1, there were 2 Breeders (the original Mother and Father), six 1st Generation babies, and no 2nd or 3rd Generat ions yet. On day 40, there were still only 2 breeders (the Mother and Father because the babies had just been born), 6 1st Generation baby rats, 6 2nd Generation baby Rats, and no 3rd generation baby rats. As you can observe in the table below, I continued on with the pattern until I got to day 360 and every column in the table with completed. I counted up the total number of rats in every column, and it totaled up to 1,808 rats which I knew was correct because I had official verification.

Lord Liverpool Government’s Reactionary Policies in the Years

In early 19th century Britain, law enforcement e. G. The police, was unheard of, this was a problem for Lord Liverpool government due to the fact that there was no physical means of controlling activity on a public level. When rebellions began to take place and started occurring more frequently Liverpool decided that something needed to be done. As a response, particularly to Spa fields, Liverpool Imposed the ‘Suspension of Habeas Corpus' in 1817.This suspension along with the Sedulous meetings act worked as a short-term deterrent to protesters and due to Its severity of enmeshment, meant that it was particularly effective at stopping any form of revolt. The physical protesting was bad enough for Lord Liverpool, however it was only small part of why he imposed reactionary measure; a large part of it was down to fear and paranoia. In 1789 Lord Liverpool had been in France and witnessed firsthand the storming of the Pastille.The fall of the Pastille signified the fall of order, p ower and structure of the hierarchy in France; this was exactly what Liverpool was most afraid of happening in England, and that people would turn against the overspent the country and each other. In 1819 60,000 people met at ‘Petrol' to listen to Henry Hunt talk about reforms, It was a peaceful protest that went wrong. Cavalry had been sent by magistrates who feared there would be a revolution due to the sheer amount of people, magistrates lost their nerve and sent In the cavalry causing major panic – 11 people were killed and over 400 Injured.As a response the Six Acts was introduced giving magistrates powers to invade people's privacy if they ever suspected any conspiracy or plot to create a mass gathering, it provided more representative actions to stop people in their tracks. Lord Liverpool paranoia meant that he was transfixed on keeping control on power, an idea that could be considered as the root of his reactionary policies. In response to the Coat Street consp iracy and the Derbyshire risings spies were used infiltrate radical groups.Spies enabled the government to stay one step ahead of the protesters. Staying In power was vital for Liverpool, he was very aristocratic and most of his reactionary policies benefited those of higher classes; as they provided the cost political support for Lord Liverpool. By using spies there was the allusion that the government were out to protect the monarchy and the aristocracy, further building support for Lord Liverpool.It also gave Liverpool means of keeping tabs on want was going on In ten puddle demeanor, tans links Dacca no law enforcement so spies were used instead. Tanat tanner was During the first half of this ministry the cabinet consisted of eighteenth century politicians who were unwilling or unable to see the need to alter a constitution which invited them, yet still wanted to have total control over the people of England; this was virtually impossible when the rate of expansion, industry and rebellion was so fast.It wasn't until the second half of this period, with the influence of younger men from different backgrounds and of differing outlooks, that major reform took place. Liverpool followed reactionary policies with the sole intention of them to be short- term fixes in society, made as a response to rebellions that were simply unheard of in Britain at this time. The main driving force behind these policies being made wasLiverpool paranoia of a revolution occurring fuelling his need to keep and maintain control over the people of Britain. Liverpool also had to contend with the fact that he had never planned to come across such anger and desire for change that he had to think quickly to put measures in place that would make a difference, whether they be harsh or not. They were simple a means of gaining control and power back over the people so some reformations could be made without the imminent threat of revolution, as was thought by Lord Liverpool.

Econ 101

Economics: intro †¢Economic questions arise bc we want more than we can get. †¢Inability to satisfy want: scarcity †¢Incentives: rewards that encourage action or penalties that discourage action. †¢Economics studies the allocation of scarce recourses among people †¢Alfred marshell (1842-1924) shaped macro economics †¢Joan robinson: â€Å" the main reason to study econ is to avoid being fooled by it Two main parts: A) Microeconomics: studying the choice of individual decision makers. And how they interact in markets B) macroeconomics: how the overall economy performs. 2 big questions 1.What, how and for whom do goods and services get produced? 2. When do choices made in self interest align with the social interest? Answer 1) †¢what: goods and services are objects that people value and are produced to satisfy human wants †¢how: factors of production. A) Land: natural recourses. B) labour: work time & effort. â€Å"quality of labour† (huma n capital). C) capital: tools, equipment, machines, computers, buildings.. D) entrepreneurship: human resource hat organizes the above. †¢For whom: who gets good: services depends on the incomes people earn. oLand=rent oLabour=wages oCapital=interest oEntrepreneurship=profitAnswer 2) †¢We make choices in self interest oChoices you think are best for you †¢Choices that are best for society are said to be in the â€Å"social interest† oUses resources efficiently oDistributes goods â€Å"fairly† When does self-interest align with social interest? (important) †¢Environmental issues †¢Bad corporate responsibility The â€Å"Economic† way of thinking Choice under scarcity => trade offs Opportunity cost: the highest valued alternative that you give up to get something. Choices at the â€Å"margin† †¢We look at the tradeoffs â€Å"at the margin† Marginal benefit (MB): benefit from an incremental increase in an activity.Marginal cost (MC): opportunity cost from an incremental increase in an activity. People respond to incentives MB>MC=> do more of an activity MB does less of an activity Lesson 2 Recap: †¢Economics oMicro oMacro †¢2 big question owhat, how, for whom oself interest vs social interest †¢opportunity cost otrade-offs †¢thinking at the â€Å"margin† Lesson 2 Water vs. diamonds Water: essential but almost costless Diamonds: not essential but very costly What is value? What gives things value? Labour theory of value: the value of a commodity is proportional to the amount of labour that goes into it. Abandoned: ex. Cement lifejacketEconomists think about value differently: 1. the value of something is what you’re willing to give up to get it. 2. Economists think about marginal value instead of total value. Water is plentiful= marginal value low Diamonds are scarce= marginal value high Positive and normative statements Positive: statements of facts about observable data Normative: statements about what ought to be. Value judgments Ex. 20% of teens smoke†¦ Positive: †¢Are you more likely to smoke if your parents do? †¢Does living location affect likelihood of smoking? †¢Are smoking rates different across education levels? †¢Self reported reasons for smoking Do prices affect smoking rates? Normative: †¢Kids shouldn’t smoke Cause and effect: Just because two things happen together doesn’t mean that one causes the other. Ex: ice cream sales & deaths by drowning †¢Both related to temperature Economists try to unscramble cause and effect by building models. Model: a purposeful simplification of the real world. Ex: paper airplane Simplification. Learn about: aerodynamics, wind structure†¦ Cant learn about: thrust, fuel capacity, engines†¦ Maps are models: Subway map †¢Lines †¢Stops Doesn’t show curves or turns Road map †¢Street names †¢Turns/curves Satellite photo à ¢â‚¬ ¢Adds detailGraphs: Reveal relationships between variables 3 main types: 1. Time series 2. Cross sectional 3. Scatter plots Lesson 3 Recap: water/diamonds†¦ Value: what you’re willing to give up to get something †¢Positive vs normative †¢Cause & effect oModels †¢Graphs in economics The Economic problem †¢Production possibilities frontier (ppf) Model: focus on tradeoffs between 2 goods. (holding other goods constant) PPF shows boundary between what we can produce and what is unattainable Building a PPF: First good: â€Å"numbers† Ex. X + 3=7 Second good: â€Å"words† Our PPF for X’s & words EX. In textbook PFF’s show marginal cost. opportunity cost of producing one more unit† Preferences& marginal benefit †¢your â€Å"likes† and dislikes marginal benefit: what your willing to give up to get an additional unit of something what does MB look like? Principle: the more you have of a good, the less you†™re willing to pay for an additional unit. Allocative efficiency: $ up the left side of graph, pizza across the bottom. MC is a positive incline, MB is a negative decline at pt Awe have allocative efficiency. We cant produce more of any one godd without giving up some other good that we value more highly lesson 4 recap: †¢allocative efficiency (MB=MC)Economic growth isn’t free 2 key factors †¢Technological change oresearch and development †¢Capital accumulation oDevote resources to production of capital Both require resources that could be used for current consumption †¢Economic growth doesn’t eliminate scarcity †¢Opportunity cost of growth is reduced current consumption Consuming outside your PPF. †¢Gains from trade Imagine if you produced everything you consume†¦(â€Å"Autarky†) Producing one (or a few) goods and trading with others is called â€Å"specialization† Gains from specialization come from exploiting  "comparative advantage† Absolute Advantage: More productive at somethingComparative Advantage: Producing at a lower opportunity cost Ex: textbook smoothie bar example†¦ On lined paper Liz: absolute advantage in smoothies. And comparative advantage in smoothies Joe: no absolute advantage but comparative advantage in salads Where does Comparative advantage come from? †¢Over time people or countries can develop comparative advantage through repeated production. â€Å"learning by doing† (dynamic Comparative advantage) Economic Coordination? †¢Who organizes all this? Centrally planned economy: USSR, china†¦ Decentralized market system: most countries Decentralized markets rely on 4 institutions†¦ON MIDTERM . Firms: hire and organize factors of production 2. Markets: any arrangement that connects buyers and sellers 3. Property Rights: social arrangements that govern ownership and use 4. Money: any commodity or token that is generally accepted as a mea ns of payment Markets coordinate economic activity through price adjustments. Lesson 5 Demand and supply In a market system, economic coordination happens through price adjustment Competitive markets: many buyers and many sellers †¢Prices determine the rate at which goods can be exchanged Money Price: number of dollars Relative price: $price of one good relative to anotherEx: coffee:$2, gum$1 (Money), one coffee costs 2 gums Demand: different than â€Å"want† †¢To demand something you must: a. Want it b. Be able to afford it c. Plan to buy it Law of demand: holding everything else equal, the higher the price of the good the lower the quantity demanded 2 effects cause this: a. Income effect: when price increases, your money doesn’t buy as much b. Substitution effect: when a price increases people substitute to purchasing other goods Ways of representing demand: a. Demand schedule b. Demand curve: When the price of this good changes we move along the demand cur veChanges in Demand: when things other than the price of the good change, the demand curve shifts. Things that shift demand: †¢Nature †¢Quality †¢Tastes/preferences †¢Income †¢Price of other goods oComplements: consume these goods together (Ex. Shoes, always need both) oSubstitutes: consume one or the other †¢Expected future prices †¢Population Supply: a firm supplies a good if it†¦ a. Has the resources and technology to produce it b. Can profit from producing it c. Plans to produce and sell it Law of supply: holding everything else equal, the higher the price of a good, the more is supplied The supply curve:IN binder Example Changes in Supply: †¢Input prices †¢Prices of related goods produced †¢Expected future prices †¢Number of suppliers †¢Technology †¢nature Lesson 6 Market Equilibrium Equilibrium: a state where opposing forces balance each other †¢consists of a market price and quantity Changes in equilib rium (pg 74) 1. French fry demand 2. Market for cocaine 3. Market for kitchen sinks 4. Market for barrels of crude oil 5. Market for fresh orange juice Midterm exam review †¢20 multiple choice †¢2 short answers †¢Multiple choice worth 2points †¢Short answers worth 10 †¢Exam worth 60 †¢Chapters 1-3 Ch 1 †¢What is microeconomics Scarcity and tradeoffs †¢What is value †¢2 big questions owhat how and for whom oself interest vs. social interest †¢positive vs normative statements †¢graphs in econ Ch 2 †¢ppf and opportunity cost †¢marginal benefit and marginal cost †¢allocative efficiency †¢growth †¢specialization and trade †¢absolute and comparative advantage †¢economic coordination Ch3 †¢demand curve (law of demand) †¢movement along vs shifts of the demand curve †¢factors that shift the demand curve †¢supply curve (law of supply) †¢movement along vs shifts of the supply curv e †¢factors that shift the supply curve †¢equilibrium pg 74, 75 changes in equilibrium Lesson 7 October 11, 2011 Modeling demand 1. Demand schedule (table) 2. Demand curve (picture) 3. Demand equation Ex: in notebook In general: P=a-bQ. (a and b are some numbers) A: vertical intercept B: absolute value of slope Modeling supply* 1. G 2. G 3. Modeling equilibrium †¢At equilibrium price (P) quantity demanded equals quantity supplied Equilibrium quantity Q Ex: finding equilibrium Demand: p=800-2Q Supply: P=200+Q †¢Make the right hand side of each equation equal 800-2Q=200+Q 600=3Q 200=Q Elasticity (Ch 4) Law of demand: when price increases quantity demanded falls This gives us direction Elasticity measures how much demand changes Ex: Good X †¢Price increases by 1$ †¢Demand drops by 100 unts Good Y †¢Price increases 200$ †¢Demand drops by 1000 units Cant compare the 2! In order to compare goods we need a measure of responsiveness Price of elasticit y demand= % change in quantity demanded over % change in price Ex: ticket price 21$- 9tickets/hr 19$-11 tickets/hr Find elasticity of demand 1. % change in quantity =change in Q =2/(over) 10 (from 9 to 11) over Average Q Fuck it. In notebook What does elasticity number mean? In notebook Lesson 8Elasticity of demand = % change in quantity demanded/ over % change in price If elasticity is 1 elastic Tuesday October 18, 2011 What affects elasticity? 1. Closeness of substitutes 2. Proportion of income spent on a good 3. Time since price change Other Elasticities 1. Cross elasticity = %change in demand for x % change of price of good Y if X & Y are: Substitutes: positive Complements: negative 2. Income elasticity = %change in demand %change in income bigger than 1: income elastic. As income increases demand increases a lot Between 0 &1: income inelastic. Income increases, demand increases by a littleNegative: inferior good. Income increases, demand decreases Elasticity of Supply = % Chang e in quantity supplied % Change in price What affects supply elasticity? 1. Resources substitutions possibilities 2. Time frame for supply decisions Efficiency and Equity (Ch5) Markets are one way of allocating goods Do they do a good job? A. Efficiency (do the goods go to those that value them the most? ) B. Fairness Ex. X pins†¦ how should we allocate them? 1. Contest: 5 highest grades Ex sports, performance bonuses Pros: †¢May encourage effort Cons: †¢Goods may not go to those people that value them the most 2.First come, first serve: first 5 people to show up get them Ex: walk in clinics Pro: †¢People who value the good highly will line up early Con: †¢May get allocated to those with a low opportunity cost of their time 3. Command System: I decide who gets them Ex: how tasks get allocated inside a firm Pro: †¢May work well when tasks/people are familiar and authority well defined Con: †¢ I can’t tell who values the good the most 4. Lotte ry: draw names from a hat. Ex. Dorm rooms Pros: †¢Fair†¦everyone gets an equal shot Cons: †¢No reason to expect that high value people will get the good 5. Majority rule voteEx, voting politicians Pro: everyone gets an equal say Con: special interest group 6. Personal characteristics If you have a brown belt Ex. Relationships Pros: may work if characteristic highly related to value people have for the good Cons: discrimination 7. Force: everybody fights Ex organized crime/war Cons: strongest might not value the highest Pros: Force can work well in the background oCourts can forcibly reallocate goods 8. Market Mechanism oWhoever is willing to pay the price gets the good Pros: people who have high values are willing to pay more and are more likely to get itCons: people might not have enough money Tuesday October 18, 2011 Midterm #2 November 3 (Ch 4,5,6) †¢Demand and supply †¢Elasticity (ch 4) †¢Efficiency and equity (ch 5) Obstacles to efficiency †¢P rice and quantity regulations (gov’t actions) †¢Taxes and subsidies (gov’t actions) Externalities: your actions impose costs or benefits on others Ex. Smoking. A person might take into account only their own personal benefits and costs but ignore social costs. (second and smoke) OR. Pollution. Firm doesn’t account for external social cost that its production creates. Public Goods A.Consumption by one person doesn’t â€Å"use up† the good. B. Anyone can consume the good without paying Ex: lighthouse: people want to use these goods without paying. â€Å"freeriding†. These are usually under provided Monopoly: a single firm sets the market price †¢Price is higher, quantity is lower Fairness 1. Utilitarianism, (Jeremy bentham, John Stuart mill) †¢Ã¢â‚¬Å"The Greatest Happiness for the greatest number† †¢people are roughly the same †¢the marginal value of money is lower when you have more of it †¢Redistribute wea lth to achieve equality (tax rich, subsidize poor) Problems: A) taxing income: less income generation (work)B) taxing capital: less capital produced (slower growth) C) costs in administering taxes (more fair but size of the â€Å"pie shrinks) 2. Rawls: theory of Justice †¢Fairness of society judged by the well being of the person who is poorest †¢(Equal shares of a small pie) may be worse than (unequal shares of a larger pie) 3. Fairness in Rules, not outcomes †¢Emphasis on equality of opportunity Robert Nozick A. Strong private property rights B. Private property should only be transferred through voluntary exchange Problems: A. No room for redistribution after the fact B. No taxes or government since these aren’t voluntaryGovernment Actions in Markets (Ch 6) Price ceiling: gov’t regulations that makes it illegal to charge a price higher than some specified level †¢Set above equilibrium price= no effect †¢Set below equilibrium price= Example in notebook Black market †¢Illegal market in which price is higher than price ceiling †¢Graph in notebook †¢ Thursday October 27, 2011 20 m/c few short answer midterm review: †¢Note on demand on supply equations (end of ch 3) †¢Elasticity (Ch 4) know how to calculate and know what it is †¢Efficiency and equity (Ch 5) *consmer and producer surplus †¢Government actions in markets (Ch 6) Price ceilings oPrice flooring oTaxes Price Floors: Mandatory minimum price Ex. Minimum wage Graph in notebook †¢Unemployment increases search costs †¢More power to firms in hiring decisions †¢Black markets oEx. Illegal labour markets where people are paid below the min wage oIn notebook Taxes: When the government taxes a good the price paid by consumers and the price received by producers are now different Ex. Gov’t puts a $5 (per unit) tax on producers In notebook Tuesday November 1, 2011 Midterm Thursday Material: 1. Note on demand and supply equations. (end of Ch 3) 2. Elasticity (Ch4) †¢Price elasticity Elasticity and total revenue (figure 4. 5 in text) †¢Cross elasticity and income elasticity †¢Supply elasticity 3. Efficiency and equity (Ch 5) †¢Alternative allocation methods †¢Consumer and producer surplus †¢Efficiency of equilibrium †¢Ã¢â‚¬Å"fairness† 4. Government Actions (Ch 6) †¢Price ceilings †¢Price floors †¢Taxes Tuesday November 14, 2011 Global Markets Many of the goods and services you consume aren’t produced in Canada Ex. Iphones (all over), clothes (china), tech support (india) †¢Part of the globalization process oImports: goods we buy from other countries oExports: goods we sell to other countriesGlobal Imports: Exports in 2008 =$35 trillion Canada: †¢exports: $535 billion. Agriculture, forestry, energy, mining, machinery, automotive, aircraft †¢Imports: $503 billion In binder example Tariffs: a tax imposed by the importing coun try on goods that come from another country Arguments for protection 1. Infant industry Argument †¢We need to protect domestic industries when they start so that they can mature enough to compete on world markets. †¢Develop comparative advantage †¢Everyone can argue this 2. Barriers to trade to protect jobs. †¢Trade costs jobs †¢There isn’t a â€Å"fixed number of jobs† †¢Trade also creates jobs