Union revitalisation in Europe and North America Essay

Union revitalisation in Europe and North America - Essay Example Due to increased integration in EU and development of favorable legal infrastructure coupled with favorable governments allowed trade unions to grow and gain the influence within the region. In US, too, due to local as well as international factors, trade unions are gaining momentum again.Gradually as the shift occurred towards more service oriented industries supported by technological improvements, unions lost their traditional advantage because organizations were less reliant on the human force as the main source of producing goods and services. Unions are often considered as the source of low employee turnover which effectively helps organizations to concentrate on core issues rather than emphasizing on non-productive activities. Besides that, collective bargaining powers of unions provide them necessary influence and power to impact the performance of different productivity variables within organizations.There has been counter argument to this also which suggests that the produc tivity and presence of unions are negatively related with each other and as such unions do not contribute towards the productivity of the organizations. This argument developed so strong that unions started to loose their traditional position as collective bargaining agents and as such the movements, generally, lost its significance and influence within the organizations and as agents of productivity and industrial relations.... Before analyzing the question of revitalization of the union activities within EU and North America, it is critical that a critical look at the relationship between the unions and economy and how both interact and influence each other. One of the most critical tasks performed by Unions is the compression of wage differentials in the economy. The collective bargaining power of the unions gives them an advantage to negotiate the wages with the employers, and empirically it has been evaluated that wages of those employees who is part of the unions enjoy higher wage rates than those who is not part of the union activities. It is within this context that it has been argued that unions tend to reduce the shareholder value because higher wages result into lower profits. As such union activities are therefore viewed within the perspective of agents which have negative influence over the wealth which shareholders may drive from organizations in an absence of union. This argument is further consolidated by the fact that unions often wield their power in a way which can halt the production activities due to their conflict with the management of the organizations on any issue. Such behavior and attitude tend to result in lost productivity due to stoppage of production activities. Unions also often tend to monopolize the power structures within the organizations and as such give unions power to regulate and modify the labor market therefore changing the basics of competition within economy. This monopolization of power gives unions power to influence the wage rates therefore effectively can increase the total costs for the firm which may result into lost competitiveness. As such the role of unions within the

Spring Festival Essay Example for Free

Spring Festival Essay Spring Festival is the most joyful festival in China, and it is also the day of a family member reuniting. Do you want to know that Chinese how to celebrate this festival? Putting the spring festival scrolls up, hanging the lanterns, having the reunion meals, having dumplings, sitting up late and waiting for the ring of the New Year are all the Spring Festival’s custom. All the activities contain the nice blessings and willing. For instance, eating fishes during the festival express that they hope they are abundant every year, and giving oranges and apples express lucky and safety. Before the New Year comes, the people completely clean the indoors and outdoors of their homes as well as their clothes, bedclothes and all their utensils. Then people begin decorating their clean rooms featuring an atmosphere of rejoicing and festivity. All the door panels will be pasted with Spring Festival couplets, highlighting Chinese calligraphy with black characters on red paper. The content varies from house owners wishes for a bright future to good luck for the New Year. Also, pictures of the god of doors and wealth will be posted on front doors to ward off evil spirits and welcome peace and abundance. Burning fireworks was once the most typical custom on the Spring Festival. People thought the spluttering sound could help drive away evil spirits. However, such an activity was completely or partially forbidden in big cities once the government took security, noise and pollution factors into consideration. As a replacement, some buy tapes with firecracker sounds to listen to, some break little balloons to get the sound too, while others buy firecracker handicrafts to hang in the living room. The Chinese character fu (meaning blessing or happiness) is a must. The character put on paper can be pasted normally or upside down, for in Chinese the reversed fu is homophonic with fu comes, both being pronounced as fudaole. Whats more, two big red lanterns can be raised on both sides of the front door. Red paper-cuttings can be seen on window glass and brightly colored New Year paintings with auspicious meanings may be put on the wall. People attach great importance to Spring Festival Eve. At that time, all family members eat dinner together. The meal is more luxurious than usual. Dishes such as chicken, fish and bean curd cannot be excluded, for in Chinese, their pronunciations, respectively ji, yu and doufu, mean auspiciousness, abundance and richness. After the dinner, the whole family will sit together, chatting and watching TV. In recent years, the Spring Festival party broadcast on China Central Television Station (CCTV) is essential entertainment for the Chinese both at home and abroad. According to custom, each family will stay up to see the New Year in. Waking up on New Year, everybody dresses up. First they extend greetings to their parents. Then each child will get money as a New Year gift, wrapped up in red paper. People in northern China will eat jiaozi, or dumplings, for breakfast, as they think jiaozi in sound means bidding farewell to the old and ushering in the new. Also, the shape of the dumpling is like gold ingot from ancient China. So people eat them and wish for money and treasure.

Walmart Business Analysis

Walmart Business Analysis Contents (Jump to) Walmart’s Current Strategy Organizational structure, culture, and control systems SWOT Analysis for Walmart Porter’s Five Analysis of Walmart Key Strategic Issues at Walmart Personal SWOT Analysis Financial Analysis of Walmart Recommendations Walmart store Inc. is not only the retail giant, but also is the largest grocery chain in the world. Walmart store Inc. was founded in 1962. Samuel Walton and his brother J.L. Walton open their first Walmart Discount City in Rogers, Arkansas (Walmart History, 2010). For Walmart store Inc., their common mission is: Save people money so they can live better (Walmart corporate, 2010). Compared with their main competitors such as Target and K mart, Walmarts 2009 sales were almost 50% more. Because of its giant size and buying power, Walmart can buy its products at very low prices, exchanging high purchase volumes for low cost then passing the savings onto its customers (Wikinvest Walmart, 2010). Walmart has 8,900 stores around the world in three different business segments of retail stores that including: Walmart stores, Sams Club and Walmart international. All of them offer different kinds of merchandises including electronic appliances, groceries, furniture, apparel and health beauty stuffs etc. For their business segment, they have over 54% of the companys stores are located in the United States, and the others international stores are mainly located in central and south America and China. The company mainly focuses on offering the lowest prices to attract its consumers. Walmart totally earned $408 billion revenue in 2010, increase 1% compare to 2009 (Wikinvest Walmart, 2010). In 2009, Walmart earned $255.7 billion in the domestic segment of the companys revenue. For Walmart stores segment are further categories into three different formats including: Supercenters, Discount stores and Neighborhood Stores. For the Sams club, it is the second largest membership-only retailer club ( Costco is the first largest membership-only retailer) in United States belong to Walmart Inc., their main customers mostly are offices, convenience stores, motels, restaurants and schools etc. (Wikinvest Walmart, 2010). For now, Walmart has total 3,121 international stores all over the world including in Mexico, Japan, Canada, China and countries in central and South America. However, recently Walmart begins to slow down their growth rate in the United State and turn their main focus onto its international stores to develop growth. For international stores locations altogether earned total $98.6 billion revenue in 2009, compared to the sales of 2008, is increased 9.1% (Wikinvest Walmart, 2010). Strategic History of the Industry The whole retail industry in the United States has over $4 trillion annual revenue. The main retail companies are including Walmart, Home Depot, Kroger, Costco, and Target. Some of the large companies dominate some retail sectors such as mass merchandisers and grocery stores, other sectors like auto dealers and convenience stores are fragmented. However, retail industry still has many small and specialty retailers are single-store operations (Hoover, 2011). The economy deeply affects the retail demand. In other words, retail demand depends on the economy. Many different kinds of economic factors such as job growth, recession, personal income, consumer confidence and interest rates can strongly affect consumer spending behavior. When during recessionary periods, the bad economy can affect the retail sales growth rate slow drastically or even sales revenue decline. While the retail spending grows rapidly when in the period of strong economy growth, for example consumers will spend more on grocery when they have more income. However, the rising interest rates will affect consumer purchase behavior and consumer ability to finance large amount of purchase such as purchasing cars (Hoover, 2011). Strategic History of Walmart Store Inc. In the early stage of strategic history for Walmart, they always unchanged their vision always low price for their customers. Until 1990s, Walmart announced that they planned to go global. They wanted to look for international markets for the reasons as following: First of all, Walmart has facing very strong competition in United States such as Target and K mart. These two firms had aggressive expanding their business and had started sharing Walmarts market share. Secondly, the market in the United States is already saturated; it was becoming difficult for the company to continue its growth rate. Thirdly, the US population is accounted for only 4% of the worlds population and if they want to expand their global market, China had the potential massive growth due to their huge population of over 1.3 billion people. The last reason is, globalization opened up new markets in China and created opportunities for discount stores such as Walmart (Walmarts Cost Leadership Strategy, 2004). On the other hand, Walmart is using the strategy that cooperates with local suppliers to purchase their products, even though the organizational culture is standardized with the home country. This strategy is not only use to the products purchasing, but also adapted to the local cultures and stores decoration and designed are also changed to meet local taste all around the world (Walmarts Cost Leadership Strategy, 2004). Organizational mission statement As we know, the mission statement for Walmart is every day low price. In order to insist their mission, Walmart implemented three approaches in the market. First, it increased the local purchasing in order to reduce the purchasing costs and also suit consumers needs in different places. Secondly, it maintained a good relationship with their suppliers, satisfied them by paying within 3-7 days during its initial years. Thirdly, it established distribution centers (DC) and computerized its management system to improve efficiency and reduce costs (ICFAI, 2005). Business Level Strategy For these several years, Walmart has been trying hard on expand its stores outside the United States. It through two different to expand their international business market: new store construction and acquisition. Acquisition strategy of supermarket chains had been a part of Walmarts entry and  store expansion strategy in Canada, Mexico, Brazil, Japan, China and Great Britain (The Walmart Puzzle, 2008). Over all, the Walmart strategies were including: multiple store segments, lower daily prices, lots of name-brand merchandise, reduce operating costs, emphasized customers satisfied service, wide selection products, disciplined expansion into new geographic markets, and using acquisition to enter foreign market (Walmart Store Inc., 2010). However, no matter Walmart are in which foreign country, their company vision always low prices is never changed. The companys low distribution costs and cost-efficient supply chain management are the big reasons why Walmart is so success and at the same time reduce the products prices. Walmart has get into distribution efficiency compare with their competitors because of its rural store locations. Current strategy for the major operations/functions of the company Current strategies for Walmart are including low costs, high volume, increase customer satisfaction and expansion strategy. Walmart creates name recognition and customer satisfaction, and combined the retailer with the reputation of offering the best prices. They also expand their new business segments to different sectors such as pharmacies, automotive repair, and grocery sales to increase their sales revenue. Expansion strategy: The company realized that building a new store will allow for increase market share value. After their success in the rural areas, Walmart moved to urban areas and then moved to surrounding areas. The expansion strategy made Walmart the number one retail store in the United States. As Walmart continue its expansion domestically, the firm decided to go international. Furthermore, Walmart realized that acquiring an existing retail firm is necessary for expand domestic and international markets. Therefore, Walmart by acquire retail store which enable to expand locally and internationally. Always low prices make customers live better strategy is believed the strongest strategy used by Walmart. The firm developed the idea of dealing directly with the manufacturer and with the power control by Walmart will enable it to get the best deal from the manufacturers and suppliers. Organizational structure, culture, and control systems Saving people money to help them live better was the mission for Walmart. Hence, Walmart negotiates different suppliers and understanding their cost structure in order to reduce the price. Walmart has to be certain that the manufacturers were doing their best to cut down costs. Also, Walmart believed in establishing a long-term relationship with their suppliers. Walmart had 129 distribution centers located at different locations all over the US. Over 80,000 items were stocked in these centers. Walmarts own warehouses directly supplied 85 percent of the inventory, as compared to 50-65 % for competitors. Shipping costs for Walmart is about 3 % which is lower than its competitors, 5%. The distribution centers ensured a steady and consistent flow of products to support the supply function (Walmarts Cost Leadership Strategy, 2004). Walmarts logistics infrastructure was its fast and successful transportation system. The distribution centers were serviced by more than 3,500 company owned trucks. To make its distribution process more efficient, Walmart also uses a logistics technique called cross-docking. In this system, the finished goods were directly picked up from the manufacturing plant from suppliers, and then directly supplied to the customers. The system reduced the handling and storage of finished goods, eliminating the role of the distribution centers and stores (Walmarts Cost Leadership Strategy, 2004). SWOT Analysis for Walmart Store Inc. (S)trengths Reputation Brand Name: Walmart is a powerful brand and pioneer in the retail industry with the wide spread network of stores. It has a reputation for low price, convenience and a wide range of products all in one store for customers. Walmart has captured about 10% of the retail market in the U.S. and continues to expand. Walmart stores continue to open all over the country making Walmart a household name. Walmart has also been widely acknowledged for its social responsibility actions. The company has donated to a variety of charitable organizations and has been accredited for bringing jobs and wealth to less developed communities. Offer Low Prices: Walmart uses its enormous size and buying power to pressure its suppliers into extremely low prices, offering orders of high volumes of merchandise in exchange for low prices. The good thing about Walmart is that its shifts the low cost advantage to customers and available the products at lower prices. It has loyal customer base because it meets the expectation of customer by always delivering the goods at lower prices at compare to its competitors. Expand Global Market: Walmart has aggressively expands its international market over the past few years and has experienced global expansion. For example its purchase of the United Kingdom based retailer ASDA. Technology: Technology is strength to Walmart with its inventory control system that was recognized as the most sophisticated in retailing. The technology linked all the stores to the headquarters and the companys distribution centers. It also enables the warehouse of which the goods are ordered, and direct the flow of goods to the store and proper shelves. Supply chain and logistics management: Supply chain and logistics management are one of the strengths of Walmart. This allows Walmart to utilize the Just- in-time inventory concept and avoid the pilling up inventory to save the extra cost for maintaining inventories in the warehouses. Human Resource: Walmart always keen to provide training to their employees to improve the customer service level. The firm hire locally, provides training programs for its employees. Walmart also gets its employees involve and encourage them to make use of words like: we, us, and ours. It also provides stock ownership and profit sharing with great contribution from the H. R of the firm. Walmart was named one of the best 100 firms to work for. Cross-docking inventory system: Using the cross-dock technique, Walmart was able to effectively leverage their logistical volume into a core strategic competency. Walmart operates an extensive satellite network of distribution centers serviced by company owned trucks. Its satellite network sends point of sale (POS) data directly to 4,000 vendors. Each register is directly connected to a satellite system sending sales information to Walmarts headquarters and distribution centers. (W)eaknesses Employee turnover: Walmart has high employee turnover which costs more money and time for company to train the new employee. Bad publicity: Walmart is currently facing a gender discrimination lawsuit. Their female employees accuses that they were discriminated against in matters regarding pay and promotions. And also, Their female managers were accounted for the minority group in the company. Lock of flexibility: Walmart sell very wide range kinds of products for example like clothes, food, pharmacy or stationary which lack of flexibility compare with other more focused competitors. Other competitors may have the ability to make changes and improve on a certain product lines when the needs of their customers change. Walmart, however, may have too much merchandise and not be able to focus in on sectors that need to be improved. Some products have poor quality: Although Walmart provides low price of products, however, customers sometimes complain about the poor quality of few products. Facing difficulty in International market: It is hard for Walmart to expand their business out of US to totally different countries all around the world. Moreover, Walmart has to facing different culture and customer behavior in different countries, for example Walmart facing difficulty to expand the market in China. (O)pportunities Customers: Because Walmart provides low price to their customers, so they are able to attract more customers. Furthermore, customers basically are able to purchasing everything in one store that satisfied their needs. Walmart 24 hours stores also satisfied their customers. Diversified store types: Walmarts different store types and new locations provide more opportunities to exploit new market. Stores diversified from local, small-based sites to large super centers. International Expansion: No doubt that continued expand the international market is a huge opportunity for Walmart. Walmarts oversea stores have experienced significant growth. There are actually tremendous opportunities for future growth in developing countries and Asian markets than in the United States such as China and India. Creating strategic alliances and licensing agreements with other global retailers are ways to move into different countries. (T)hreats Competition: Walmart faces different strong competitions locally and internationally. Walmart main competitors are including Kmart, Target, Carrefour and Costco wholesale. In 2010, the Net Profit Margin for Walmart is 3.59%, Target 4.22%, Costco wholesale 1.69%, Carrefour 0.38%, respectively (Hoovers, 2010). Target is Walmarts direct competitor in the US, offering a range of general merchandise in a similar store format (Wikinvest, 2010). Economy Recession: The revenue for Walmart is affected by economy recession. Good economy is an opportunity for great business, because customers will have more money to spend. If the economy is great, there will be more jobs and people will shop more. However, if the economy is bad, there will be fewer jobs and people will shop less. Also, with the high price of gasoline and its effect on the economy, Walmart will certainly be affected the most. Strategy imitation: Walmart strengthens its competitive advantage on low-cost products. Other competitors may imitate their low-cost strategy to take over their market shares. Low Brand Loyalty: In the retail industry, customers would like to choose the product with the lowest price. In other words, customers do not care about the brand or which retail stores, if Costco has the exactly same chips that sell cheaper than in the Walmart, then customers will choose to buy the chips in the Costco not Walmart. TOWS MATRIX STRENGTHS WEAKNESSES Reputation Brand Name Bad publicity Offer Low Prices Lock of flexibility Expand Global Market Some products have poor quality Technology Facing difficulty in International market Supply chain and logistics management Employee turnover Human Resource Cross-docking inventory system OPPORTUNITIES OPPORTUNITIES-STRENGTHS OPPORTUNITIES-WEAKNESSES Customers Build on its already efficient distribution system to further expand in the U.S and globally. Walmart should be awareness and strict to control of the quality of the product in order to keep their customers basis. Diversified Store Types Expand diversified store types to International market in order to increase profit in International market. Set higher employment standards through enhanced training to keep their employees have best performance. International Expansion Duplicated the successful delivery logistic management and the distribution centers into International market. Continue to build on cost efficient pricing and production due to expansion. Go into new markets and buy out their local retailers to gain market share. THREATS THREATS-STRENGTHS THREATS-WEAKNESSES Competition Buy raw materials or products from local suppliers to hold a better political status within the local community further to compete with their competitors. Human resource department should set a benefits long-term promotion program or standard and training program for their employees in order to decrease the employee turnover. Economy Recession Create their own brand of products and increase the quality of products in order to establish customers loyalty. Establish joint venture partnerships or long-term relationship with local retail companies to get the advantages in the International segment. Strategy imitation Develop strong RD and technology to enhance the competitive advantage and avoid imitation from other competitors. Low Brand Loyalty Five Forces Analysis for Walmart Store Inc. Threat of entrances Low The threat of new entrance in the grocery and discount retailer industry is very low. New entrants have to face with the strong low-price competition among exist giant retail companies like Walmart, Costco and Target. New entrants need to invest large amount of capitals to establish their brand recognition, service, and variety of product offerings that Walmart, Target, and others competitors continue to improve on each day. In addition, existing companies can drop prices lower in order to force a new competitor out of the market. Therefore, the threat of entrances is low. Power of buyer-High Customers have many choosing opportunities and consider about products very details. They want the product now and they want it with the best service, best quality and reasonable price. Customers also enjoy increasing choice of products and choose one product that has the best quality and better price. For example, if customers find out Target sells an exactly product that has better quality and price than Walmart, and then they will choose to buy it in Target instead of Walmart. Power of Suppliers   Low The bargaining power of suppliers is very low. Walmart is very famous on giving pressure to their suppliers to cut their price lower and lower in order to offer the lowest price to their customers. On the other hand, become the supplier of Walmart is a very fierce competition. In 2004, about 10,000 new suppliers applied to become Walmart vendors. However, only about 200, or 2%, were ultimately accepted by Walmart (Gwendolyn Bounds, The Wall Street Journal). Therefore, the bargaining power of suppliers is low. Rivalry High The competition in the US grocery and discount retailer industry is very high. The main competitors for Walmart in the local market are Kmart and Target. These companies also have to face competition from wholesalers such as BJs, Costco and even the international market such as Carrefour. Walmart has adopted a cost leadership generic strategy. In the past, most companies have not been able to match Walmarts strategy everyday low prices. However, Walmarts barrier to entry (economies of scale) and strength (supply-chain management) can be easily imitated with sufficient resources. Therefore, retailers are in a fierce competition that see who can offer their customers the lowest price. Threat of substitute Low The threat of substitutes in this industry is low because only few companies have ability to offer such a variety of products available instantly and also low prices. One possible substitute is online shopping; however, customers usually do the online shopping for clothes or other stuffs but not for food or grocery shopping. Therefore, the threat of substitute is low. Key Strategic Issues Issue #1: Open too many new stores close to existing stores lead to new stores taking over the market shares from existing stores. Status Quo Wal- Mart depends on opens many new stores and expands into new market to increase the long-term sales and income growth. However, because of Walmarts large size of expansion, new stores are effects the sales on existing stores. For example, Walmart builds a store relatively close to an already existing store, the new store might take away customers from the old store thus decrease the sales in existing stores (Walmart, 2010). Evolutionary Change (Incremental Improvement) In order to solve this problem, Walmart expands their business segment into international market instead of domestic market. For example, Walmart opened 5 times number of stores in the international market in 2010 compared to domestic stores; most of stores are in Mexico, China, and Central America (Walmart, 2010). Revolutionary Change (Huge/Drastic Change) Walmart is also aggressively to open business segments in India if the country opens up the sector to foreign direct investment. India has retail market more than 1 billion; no doubt India is a huge opportunity for Walmart. However, retailers that carry multiple brands (like Walmart) are restricted to wholesale outlets in India. After Indias policy change, Walmart is allowed to expand superstores and generate revenue in India (Walmart, 2010). Specific tactics to implement the strategy Walmart needs to establish long-term relationship or joint venture with local retail company to get into the market in India. Although in 2006, Walmart announced that it had tied up with Bharti Enterprises Ltd. (Bharti) to get into the Indian retail sector. Bharti was a diversified company, and one of the biggest mobile telephone service providers in India (Walmart and the Indian Retail Sector, 2007). However, because of the government policy, the small retailers groups and the Left parties against allowing the company into India are all the barriers that Walmart has to face it. Issue #2: International competitors Status Quo In order to expand and improve the sales revenue for the economy recession especially in the domestic market, Walmart has been aggressively expand its business segment into international market. However, the local big retailers or small retailers groups are against Walmart to get into their market to take over the market shares because of its low price strategy (Walmart, 2010). Evolutionary Change (Incremental Improvement) Improve its supply chain, logistic and technology segment to lower its delivery and operation costs in order to compete with local big retailers such as Britains Tesco, Frances Carrefour, and Germanys Metro (Walmart, 2010). On the other hand, retail business segment is hard to create products differentiation, because commodity products are all the same for customers. The only way that gains the market shares for retail stores is not only low price but also quality of products. Therefore, Walmart should awareness of its quality of products to attract more customers even in the international market. Revolutionary Change (Huge/Drastic Change) Walmart should acquire and purchase the local retail companies in order to get into the international market. On the other hand, establish long-term relationship with local suppliers to have the win-win situation for their cooperation. Specific tactics to implement the strategy In the beginning of year 1, 2 and 3, Walmart should first focus on improving its supply chain, logistic and technology improvement in order to compete with local big retailers on its lower operation, delivery costs and high quality of products. For the long-term tactics, Walmart should deeply penetrate into the local market, understand different cultures and customers behaviors and then cooperate with local suppliers to establish long-term partnership. Personal assessment SWOT Analysis of myself in relation to the organization (What can I offer to the organization?). (S)trengths: International expansion (China): Walmart is extremely aggressively penetrated into the market in China. Also, no doubt that China has 1.3 billion populations which accounted for the most majority population in the world, creates a huge business opportunity for Walmart. Therefore, Walmart needs a manager who can speak fluently Mandarin and English, and really understand about Chinese culture and Chinese customers behavior. Hence, I can offer Walmart my knowledge to develop more opportunity in Chinas market in order to maximize the profits. (W)eaknesses: Lack of working experience: Even though I can speak fluently Mandarin and understand the Chinese culture and customers behavior; however, I still lack of working experiences. I do have some part time working experience such as working in starbucks, but do not have full time working experiences. (O)pportunities: Because of my professional knowledge (bachelor and master degree are both business management) are expertise on this field which can offer Walmart a professional employees or manager. Moreover, my family also has business in China, Hangchow, which makes me has understanding and interested about China. I can provide Walmart establish partnership with local suppliers and establish long-term relationship with them to compete with local retails competitors. (T)hreats: Many applicants around the world: There is still having many talented applicants around the world apply to get into this company. Some of the applicants have high education degree and business knowledge and also have ability to speak many different kinds of languages. Therefore, I am in extremely fierce competition. Not every business segment in Walmart is my expertise: I have weakened and lower advantages compared to local American because of the speaking and cultural differences. Furthermore, the company does business in many different retail formats, including supercenters, food and drugs, general merchandise stores, cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants. However, not every business segment in Walmart is in my field of expertise. Financial Analysis 2010 Annual Sales (Figure2-1) (Source: Hoovers, 2011, http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) As you can see in Figure 2-1, this is 2010 annual sales for 4 main retail stores in the United States. They are including Walmart, Target, Costco Wholesale and Carrefour. Walmart has almost $400 billion sales in 2010. Compared to other competitors, annual sales for Walmart was much higher than other companies. Carrefour annual sale in 2010 was around $100 billion. Annual sales for Target and Costco were just around $50 billion in 2010. 2010 Net Profit Margin (Figure2-2) (Source: Hoovers, 2011, http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) In Figure 2-2, net profit margin in 2010 for Walmart was 2.98%. Target was higher than Walmart which had 3.69% net profit margin in 2010. Other two competitors, Costco and Carrefour were both under 1.84% in net profit margin in 2010. Figure 2-3 (Source: Hoovers, 2011, http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) The Return on Asset ratio is useful in measuring how efficiently a company uses its assets to generate profit. By definition, ROA is calculated by dividing the Net Income by the total asset of a company. Refer to Figure 2-3, ROA for Walmart from 2006 to 2010 are much higher than its competitors. Walmarts ROA were around 9% to 10% each year, compared to its competitors which were all much lower than Walmart. This basically means that Walmart utilizes its assets well enough to generate profit in comparison with their competitors. However, ROA in 2007 for Target is higher than Walmart, Target 9.29%, Walmart 9.05%. Targets major competitive advantage over Walmart lies in its customer base: the average household income for Target customers is about $50,000 a year, whereas the average yearly income for a Walmart customer is only $35,000 Figure 2-4 (Source: Hoovers, 2011, http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) The return on Stockholders Equity (ROE) ratio measures the percentage of profit earned on stockholders investment in the company. In other words, return on equity  measures a corporations profitability  by revealing how much  profit a company generates  with the money shareholders have invested.  Ãƒâ€šÃ‚   In Figure 2-4, ROE for Walmart were around 20% from year 2006 to 2010, compared to other competitors which are higher than others. Figure 2-5 (Source: Hoovers, 2011, http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) Net profit Margin is an indication of how effective a company at cost control

BMW Essay -- essays research papers

BMW and Audi, two German automobile manufacturers, have a reputation for making some of the best cars in the industry. Not only are both companies superior in their production, but their financial statements also indicate stability and efficiency. Looking at financial ratios, we will compare both companies on a basis of management efficiency and debt status. As a bank analyst, we will make a recommendation as to which company would be better to approve a loan for. A recommendation will also be made regarding management effectiveness and which company would make a better investment. BMW has captured the attention of automobile drivers from all around the world with their â€Å"Ultimate Driving Machine.† The BMW Company was originally established in Germany and has extended nationally reaching over 12 countries. With Germany and the United States being the top two target countries, BMW has established their products as a combination of luxury, safety, and comfort with product lines to suit all styles of living. Revenues have been increasing each year since before 1996 with profits coming from product line of automobiles and motorcycles. In 2001, BMW came out with a new product group, the Mini. The Mini also contributed to the revenue increase in 2001. BMW has current developments in their sports cars, the Z8. BMW has created a trustworthy name for the automobiles they produce and has all the potential to continue their success in the future. Audi, one of Germany’s first automobile producers, has been designing and building cars since August Horch, its founder, completed his first car in 1901. Over the years following, a series of innovations and mergers have led Audi to the position it is in today. Audi’s subsidiaries include companies to facilitate international operations, part manufacturers, a vehicle customization company, a technology research company, and Lamborghini Corp, a successful sports car manufacturer. Audi’s current developments include its holding the EU Seal of Environmental Protection, and a number of technological advancements, including new car designs and a â€Å"seeing car† technology that has been nominated for the German Future award for Technology and Innovation.   Ã‚  Ã‚  Ã‚  Ã‚  BMW  Ã‚  Ã‚  Ã‚  Ã‚  Audi Profitability Ratios  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Return on Equity  ... ...reflects this. This again shows BMW’s less efficient cost management than Audi. Through Dupont analysis, we have been able to see the specific strengths and weaknesses of BMW and Audi’s management. BMW’s lower profit margin and asset turnover indicate less efficient cost management and asset management. Their debt multiplier indicates that they’re taking advantage of debt, but the benefit of this isn’t realized because of their problems with cost and asset management. Due to Audi’s more efficient use of their assets, and better cost efficiency, it can be said that their management has performed better than BMW’s over the past year. BMW and Audi both build cars that have a reputation for security, reliability and quality. These traits transcend into their financial statements, making both of them a good investment due to their debt status, and management effectiveness. Our recommendation as a bank loan analyst would be for BMW due to its superior liquidity and low risk. When evaluating management performance for equity investment, Audi is clearly a better investment. This is primarily due to its superior asset management, debt allocation, and inventory management.

Research Topics in Optometry

Postgraduate research topics Department of Optometry and Vision Science Postgraduate research topics The following is a list of research topics offered at the doctorate (PhD), masters and honours level.  » Honours  » Masters  » PhD Honours Research Topics| Affiliation – Faculty and Dept| Supervisor/s details| Comparison of animal models of age related nuclear cataract| Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Mapping antioxidant transporter expression in the front of the eye| Optometry and Vision Science| Dr Julie Lim j. [email  protected] ac. nz| Electron microscopy of protein trafficking in the lens| Optometry and Vision Science| Dr Angus Grey ac. [email  protected] ac. nz| Modelling of lens function  | Optometry and Vision Science| Dr Ehsan Vaghefi e. [email  protected] ac. nz| Exploring neural plasticity in the human visual cortex| Optometry and Vision Science| Dr. Ben Thompson b. [email  protected] ac. nz| Development of aids for colour deficient optometrists| Optometry and Vision Science| Dr. Misha Vorobyev m. [email  protected] ac. nz| Botox: as a tool for eye therapy? | Optometry and Vision Science| Dr Monica Acosta:m. [email  protected] ac. nz| Top Masters Research Topics| Affiliation – Faculty and Dept| Supervisor/s details| Developing functiuonal assays to study membrane protein function in the core of the lens| Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Chromatic and achromatic vision in reef fish| Optometry and Vision Science| Dr. Misha Vorobyev m. [email  protected] ac. nz| Colour preference in the honeybee| Optometry and Vision Science| Dr. Misha Vorobyev m. [email  protected] ac. nz| Clinical tests for colour vision defects| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. z| Defocus and visual function| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Visual characteristics of NZ population groups| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Assessment of refractive error in low vision| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Clinical research topics in optometry| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| How does a cell die? Analysis of photoreceptor cells| FoS (Optometry and Vision Science| Dr Monica Acosta:m. [email  protected] ac. nz| Top PhD Research Topics| Affiliation – Faculty and Dept| Supervisor/s details| Functional characterization of glucose transporters in the lens| Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Visualization of cell signaling pathways in the ocular lens| Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Functional characterization of the cystine/glutamate exchanger in the lens: a potential therapy to delay age related nuclear cataract? | Optometry and Vision Science| Dr. Julie Lim j. [email  protected] c. nz| Functional mapping of purinergic signalling pathways in the lens|   Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Studying membrane protein function in the core of the lens| Optometry and Vision Science| Professor Paul Donaldson p. [email  protected] ac. nz| Antioxidant strategies to prevent age related nuclear cataract| Optometry and Vision Science| Dr Julie Lim j. [email  protected] ac. nz| Investigation of physiological mechanisms that regulate normal eye growth| Optometry & Vision Science| Dr John Phillips j. [email  protected] ac. nz| Investigation of methods for Inhibition of myopia progression in children. | Optometry & Vision Science| Dr John Phillips j. [email  protected] ac. nz| Harnessing neural plasticity for visual rehabilitation| Optometry & Vision Science| Dr. Ben Thompson b. [email  protected] ac. nz| Measuring the human visual cortex response to visual loss with fMRI| Optometry and Vision Science| Dr. Ben Thompson b. [email  protected] ac. nz| The relationship between native New Zealand flowers and vision of native pollinators  |   |   | Colour deficeincy and colour judgement|   | Dr Misha Vorobyev m. [email  protected] ac. z| Visual characteristics of NZ population groups| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Defocus and visual function| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Clinical tests for colour vision defects. | FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [ema il  protected] ac. nz| Assessment of refractive error in low vision| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Research topics in clinical optometry| FoS (Optometry and Vision Science)| Assoc Prof Rob Jacobs r. [email  protected] ac. nz| Vesicular transport in eye disesases| FoS (Optometry and Vision Science)| Dr. Monica Acostam. [email  protected] ac. nz| Neurochemistry of an animal model of retinal degeneration| FoS (Optometry and Vision Science)| Dr. Monica Acostam. [email  protected] ac. nz | Modelling oxygen / CO2 circulation of the retinal cells| FoS (Optometry and Vision Science)| Dr. Ehsan Vaghefi  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  e. [email  protected] ac. nz| Modelling the electrical stimulation of the retina, using hexagonal electrodes| FoS (Optometry and Vision Science)| Dr. Ehsan Vaghefi e. [email  protected] ac. nz| Creating a full 3D anatomically correct model of the ocular lens| FoS (Optometry and Vision Science)| Professor Paul Donaldsonp. [email  protected] ac. nzDr. Ehsan Vaghefie. [email  protected] ac. nz| Top * FOR * ABOUT * Our department * Our research * Research groups * Publications * Postgraduate research topics * Our courses * Our staff * Careers and opportunities * News and events Apply now! 2012 Handbook Postgraduate Research University of Auckland Clinics SharePrintEmail Copyright  © The University of Auckland A to Z Directory  |  Site map  |  Accessibility  |  Copyright  |  Privacy  |  Disclaimer  |  Feedback on this page | |

Training and Development Essay Example

Training and Development Essay Example Training and Development Essay Training and Development Essay PART– A 1. Explain the difference between training and development. 2. How are training needs of an organization assessed? 3. What are the broad responsibilities of a trainer in a training programme? 4. What are the responsibilities of the management of an organization with respect to implementation of training programmes? 5. Write a brief note on recent trends in training. PART– B 1. Why is it necessary to evaluate training processes and activities? 2. Discuss the effectiveness of role playing as a training method. 3. What would be the training scheme for skilled, semi-skilled and unskilled workers? 4. What problems can an organization face if its training objectives have not been properly evaluated? 5. Write short notes on: a. Mentoring b. Counselling c. E-Learning PART – C 1. What factors does a training and development budget depend upon? 2. What are MDPs? Why they are required? 3. How should the personnel of an organization be trained in the event of market changes? 4. Discuss case study as a training method. 5. Write a note on Corporate University Model. CASE STUDY-1 IS RAJAT IN NEEDS OF REMEDIAL TRAINING? Rajat Sharma has been employed for six months in the accounts section of a large manufacturing company in Faridabad. You have been his supervisor for the past three months. Recently you have been asked by the management to find out the contributions of each employee in the Accounts Section and monitor carefully whether they are meeting the standards set by you. A few days back you have completed your formal investigation and with the exception of Rajat, all seem to be meeting the targets set by you. Along with numerous errors, Rajat’s work is characterized by low performance – often he does 20 percent less than the other clerks in the department. As you look into Rajat’s performance review sheets again, you begin to wonder whether some sort of remedial training is needed for people like him. Questions 1. As Rajat’s supervisor can you find out whether the poor performance is due to poor training or to some other cause? 2. If you find Rajat has been inadequately trained, how do you go about introducing a remedial training programme? . If he has been with the company six months, what kind of remedial programme would be best? 4. Should you supervise him more closely? Can you do this without making it obvious to him and his co-workers? 5. Should you discuss the situation with Rajat? CASE STUDY-2 One Monday morning Sanjay Nagpal, a recent recruit from a reputed management institute in Manipal walked into the sales office at Chennai as a new sales trainee. R aghavan, the Zonal Sales Manager for a large computer hardware firm was there to greet him. Raghavan’s job consisted of overseeing the work of sales officer, field executives and trainee salesmen numbering over 50 of three areas namely Chennai, Bangalore, and Trivendrum. The sales growth of computers, parts and other office equipment in his area was highly satisfactory, especially in recent years – thanks to the developmental initiatives taken by respective State Governments in spreading computer education in offices, schools, colleges, banks and other institutions. Raghavan had collected several sales reports, catalogues and pamphlets describing in detail the types of office equipment sold by the company. After a pleasant chat about their backgrounds, Raghavan gave Sanjay the collected material and showed him to his assigned desk. Thereafter Raghavan excused himself and did not return. Sanjay spent the whole day scanning the material and at 5. 00 pm he picked up his things and went home. 1. What do you think about Raghavan’s training programme? 2. What type of sale training programme would you suggest? 3. What method of training would have been best under the circumstances? Would you consider OJT, simulation or experiential methods?

How Social Media Listening Can Improve Your Content Marketing

How Social Media Listening Can Improve Your Content Marketing When producing content, your number one goal should be to add value for your community. That value might be sharing tactics to accomplish their goals, or lessons on how to make the best use of your product. Or it could be introducing them to tools that will make their lives easier, or even to the best restaurants in their city. No matter what your topic (aka value) is, your content is driven by your community. Listening to your community is an obvious first step to unlocking the power of your content marketing, but it’s one that goes tremendously overlooked. Here’s how you can lay the foundation of a strong and sustainable content strategy by  using social media listening  to hear what your community is saying. When producing content, your number one goal should be to add value to your community.Identify Relevant Topics  to Write About Gather invaluable insights by paying attention to what your community is saying to you, to your competitors, and to each other - problems they’re trying to solve, tools they’re using, and what it is about your brand/offering they like or dislike. Monitor specific key terms relevant to your brand with a media monitoring tool (like Mention) to pinpoint your community’s interests as they relate to the problem you’re solving or value you’re adding. Beyond monitoring your brand name, deciding on other keywords to track is as simple as choosing terms related to the problem you solve and mission of your product. For example, we know that our content can be valuable  to anyone looking to learn more about social media listening, social media strategy, community management, Twitter strategy, and content marketing, so we track all of those terms, among others. We recently noticed a trend in conversations around brand advocates  in our community management feed, so we wrote a post on how to convert five types of customers into brand ambassadors  using media monitoring, which performed significantly well. We chose brand ambassadors rather than advocates because from monitoring these conversations, we learned that both are important to a community ecosystem and often (but not always) theyre one in the same. Brand ambassadors also seemed to appeal to a larger marketing-focused audience. If you need more help deciding which terms to track, check out this  guide to keyword research. Identify Headlines with Viral Potential Swayy.co and Scoop.it are effective tools for discovering what stories your network or community is sharing on social media. You can monitor the content that’s most popular among your community as a whole, or based on a specific topic you track. Forums with upvoting capability such as GrowthHackers.com, Inbound.org, and Hacker News are also great places for discovering headlines that resonate with audiences, by tracking which trend. Additionally, Buzzsumo will show you the most popular posts (measured by social shares) on any specific topic. Use the headlines and topics you identify as inspiration for yours, but put your own spin on it by using your own unique case studies,  for example. Or, take a look at the comments and social shares from these articles and see which section resonates with the audience the most, then produce content that elaborates on that particular segment. You can also monitor the key terms used in these headlines to identify what other related topics your audience may be interested in. For example, weve recently seen a lot of content around the role of emotions and psychology in marketing. This happens to be a topic were interested in, so we will create an alert around it, research the topic further, and brainstorm topics that are unique to our offering. By taking this approach, weve seen our content perform well on these forums. Growthhackers is now the fourth  biggest driver  of traffic to our blog. Discover Where Your Audience Hangs Out Media monitoring and social media listening tools provide you with a vehicle for distributing your content directly to where your community is already sharing information. After all, in order to be heard over the noise that is the Internet, sometimes you have to hand deliver your content to where your community is finding information.