Traning in business Essay Example | Topics and Well Written Essays - 1000 words

Traning in business - Essay Example Most of the youths who joins an organization as a fresher, may not have much ideas about the organizational environments. Whatever they learned from the institutions might be the theoretical part and the practical part begins when they start their career in an organization. Training is the only option for the employers to make the fresh candidate suitable for their organization. The do’s and don’ts of the organization, organizational behavior, culture, objectives etc can be provided to the employees only through training. No knowledge can be perfect if the learner fail to update it. New knowledge is bursting from all the corners virtually in every second and without updating; the knowledge of an employee might not be enough to meet the current challenges. It is difficult for an employee to go to institutions for acquiring further knowledge because of his professional commitments. So it is necessary for the employers to train their employees properly to prepare them capable of meeting the ever changing challenges in the business world. The following diagram represents the flowchart of training in an organization. Training helps an employee to understand the business environment of the organization he is working for. Business environments can be different in different organizations. For example, business environments of Pepsi and Coke might be entirely different even thought they operate in the same soft drink manufacturing industry. In order to make the employee custom made, training is essential for each and every organization. Changes and challenges faced by different organizations might be entirely different. For example, as mentioned in the above example, the challenges faced by Pepsi might not be the same for Coke because of the different geographical locations they were operating. Even in same countries they may face different challenges. For example, Coke is accused of exploiting underwater resources more than the

DQ1 Questions Assignment Example | Topics and Well Written Essays - 250 words

DQ1 Questions - Assignment Example A bachelor’s degree is the minimum requirement needed to work in the advertising industry. A master’s degree opens up many opportunities for professionals in this field. The average salary of a marketing advertising executive is $67,014 (Salary). The global economic crisis of 2008-2009 affected the economy a lot. In the marketing field the impact was devastating. Massive layoffs left thousands of workers in the marketing field out of a job. The downsizing initiatives put a lot of pressure and added workload on the marketing departments of many organizations. Another variable that was affected by the recession was overall marketing spending. Cost cutting initiatives lowered the money available to spend on advertising. Customers affect the products and services provided by companies. The customer taste and preferences are two variables used by marketers in the design process of new products (Kotler). Marketing should become the responsibility of entire work staff. Word of mouth advertising and placing advertising material on employee’s cars are two ways to increase employee involvement in marketing activities. â€Å"Word-of-mouth advertising is important for every business, as each happy customer can steer dozens of ne w ones your way† (Entrepreneur). The customer’s needs and wants can impact advertisers because that input can be use to create products that companies

The Impacts of Fast Food Essay Example for Free

The Impacts of Fast Food Essay The Impacts of Fast Food Fast food can be a cheap, quick meal, but most people do not realize what they are actually getting into. While some may say that the fast food industry has helped the world because it allows people with low incomes or not a lot of time on their hands to be able to get a fast meal, there are plenty of side effects to go along with it. The fast food industry has been developing quickly and has successfully roped in the human race. These restaurants are widely accepted because of their inexpensive food that is extremely addicting. Most people fail to see the other part of the story. In today’s society, fast food seems to be at the top of everyone’s meal list, but at the bottom of his or her concerns. Fast food impacts the economic, agricultural, and health fields. Some people believe that the fast food industry has no bad affects. Even though there are some positive points of it, people should start to also take notice of the negative points. The fast food industry provides jobs for lots of people throughout the world. There are more than 3. 5 million Americans who have been employed with a job in the fast food business (Peterson). This job appeals to lots of people because the employees do not have to be skilled to flip a burger or work a cash register. However, having a job at a fast food restaurant is not always a good thing. With low salaries, the economy cannot improve (Peterson). When there are so many people who have low salaries, nobody is going to be able to afford anything. Susan Peterson, a Ph. D in text theory from the University of Texas, says, â€Å"People work to make money, but what if they are not making enough to get by without help from the government? Susan has a very valid point. If people are not making enough money in their fast food job, how are they going to buy material needs for them or their family? It is great that they have a job and are working to earn some money, but that is not going to solve everything. Robby Kukler, a partner at Atlanta-based 5th-group-restaurants, says, â€Å"We live in a very cost-sensitive industry† (Bowman). Human dependency has played a large role in fast food. When there are so many people who consume fast food regularly, by logic, the industry is going to grow. A survey taken in the beginning of 2013 states that there are about 184, 200 fast food restaurants in America (Burks). Fast food restaurants are meant to be convenient, but when there are so many, too many people eat it too often. In the past forty years, the whole fast food industry has grown from a $6 billion revenue to a $170 billion revenue (Fast Food). Even though that seems like a large amount of time for a small growth, it is not. That is more than $4 billion per year. In 1968, there were only one thousand McDonalds in the United States. Now, there are more than thirty thousand (Cohen). With the rapid growth rate of fast food restaurants, it is just going to get easier and easier for humans to depend on fast food. While fast food affects the economy very heavily, it also impacts thousands of farms all around the country and even the world. Most people do not even know what they are eating when they are consuming fast food. In many places, there are vast amounts of corn and soybeans that become animal feed or ingredients in processed foods (Boyd). As a matter of fact, about 20 percent of the world’s petroleum production goes into the production and transportation of our food (Boyd). Because of this, the food we eat does not come from around the state anymore, but from all around the country or even the world. What people now call â€Å"fresh foods† can come from anywhere. It can be shipped as close as right around the corner, but as far as 1,500 miles away (Garrison). Why would a person want to eat something in which he or she does not know the ingredients or process involved in making it? A typical hamburger contains meat from dozens or even hundreds of different cattle from all around the world (Schlosser). The meat in hamburgers and even chicken nuggets used to come from a few or ever just one cattle (Schlosser). Therefore, if only one cattle is infected with a disease or sickness, there is a good chance that the person who consumes this meat will encounter some of the disease (Schlosser). People should really start to watch what is in the food that they are eating. Most people do not know that in a typical fast food strawberry milkshake, there is a substance used to clean oil rigs (Cohen). This is just one example of people not knowing what is in their food or drink before they consume it. Farms used to be very diverse, growing corn, oats, wheat, hay, fruits, and vegetables (Boyd). To feed a population as large as this one, farming is needed. In America, McDonald’s is the largest purchaser of beef, pork, and also potatoes (Cohen). McDonald’s is also the second largest purchaser of chicken in the United States (Cohen). Without agriculture, the human race would go nowhere in their everyday lives. It is only because of agricultural surpluses that we, as humans, were able to develop science, literature, and all of the other things we like so much (Cohen). We also do not have to fight for survival because farming and agriculture makes it so easy to put dinner on the table and feed people so easily (Cohen). Without agriculture we would not have such an advanced world today.

The bullwhip effect

The bullwhip effect Erratic shifts up and down the supply chain is known as the bullwhip effect, and is one of the major difficulties in properly setting inventory levels in various parts of the supply chain (Turban, Leidner, McLean, Wetherbe, 2008). Economists call it a bullwhip because even small increases in demand can cause a big snap in the need for parts and materials further down the supply chain. It has the domino effect, because of the spontaneous demand along the supply chain. This may be an insignificant problem for any one customer, but for the supplier it is huge and costly. Some of the things that contribute to this are price fluctuation, poor demand forecast, order batching, and rationing within the supply chain (Turban, Leidner, McLean, Wetherbe, p.360). Actual demand for a product is influenced by several factors such as competition, prices, weather conditions, technological developments, and consumers general confidence. These would be considered external and unmanageable factors. There are other uncertainties involved as well that can have an effect on the supply chain such as problems in delivery time due to production machine failures. Techniques to lessen or curtail the bullwhip effect would be to understand and recognize who or what is suggesting the variations in demand. Is it the retailer, manufacturer, the customer, or the distributor? The key element to eliminating this setback is being aware of where the demand changes are beginning. Techniques that can be used or put into place to reduce the bullwhip effect is sharing information along the supply chain, Vendor Managed Inventory (VMI), and managing e-business. The most obvious way to reduce the bullwhip effect is to improve communication and forecasting along the supply chain (ehow.com). Master Data Management (MDM) is can be looked at to integrate all data in an organization at the highest level, both internally and externally. One of the most notable examples of information sharing is between large manufacturers and retailers (Turban, Leidner, McLean, Wetherbe, p.307). Inventory if properly managed, it can increase profits and efficiency. The implementation of a Vendor-Managed Inventory (VMI) initiative would be a key factor in improving and controlling the bullwhip effect. VMI indicates that the vendor, usually a distributor, maintains the inventories for manufacturer or buyer and in turn will reduce warehouse costs for suppliers. VMI alleviates uncertainty o f demand and replenishment decisions can be made according to operating needs, and also has heightened awareness of trends in demand. E-commerce brings about new opportunities to improve the performance of the supply chain. The primary advantages of internet utilization are speed, decreased costs, the potential to shorten the supply chain, and flexibility. Electronic marketplaces provide for more efficient resource allocation, better information flow and dissemination on products and services in the supply chain. Electronic data interchange (EDI) can be implemented to help supply chain mangers in reducing misleading signals sent from sales and marketing (distribution). Enterprise resource planning (ERP) is one of the most successful tools for managing supply chains. ERP is software that integrates the planning, management, and use of all sources in the entire enterprise (Turban, Leidner, McLean, Wetherbe, p.2008). The major objective is to integrate all departments and functional information flow across a company onto a single computer system that can serve all of the enterprises needs. A plan created from an SCM system that allows companies to quickly assess the impact of their actions on the entire supply chain, including customer demand, can only be done with the integration of ERP software. ERP and SCM can help alleviate the bullwhip effect across the supply chain by having a shared understanding of what needs to get done, managing the variations in the organization, communication among all thats involved especially top management, and having single control of replenishment or VMI can overcome inflated demand forecasts. Long lead times should also be reduced where it is reasonably beneficial. References: Understanding the BullWhip Effect in Supply Chains. Retrieved March 18, 2010, from http://sloanreview.mit.edu/improvisations/2010/01/27/understanding-the-bullwhip-effect-in-supply-chains/. Turban, E., Leidner, D., McLean, E., Wetherbe, J. (2008). Information technology for management: Transforming organizations in the digital economy. (6th ed.) Hoboken, NJ: John Wiley Sons. http://www.ehow.com/how_5154541_reduce-bullwhip-effect.html

Goodrich-Rabobank Interest Rate Swap Essay -- Economics Economy Essays

Goodrich-Rabobank Interest Rate Swap 1. How large should the discount (X) be to make this an attractive deal for Rabobank? 2. How large must the annual fee (F) be to make this an attractive deal for Morgan Guaranty? 3. How small must the combination of F and X be to make this an attractive deal for B.F. Goodrich? 4. Is this an attractive deal for the savings banks? 5. Is this a deal where everyone wins? If not, who loses? Introduction: Players: Morgan Bank, Rabobank, and B.F. Goodrich, Salomon Brothers, Thrift Institutions and Saving Banks Goodrich: In early 1983, Goodrich needed $50 million to fund its ongoing financial needs. However, Goodrich was reluctant to borrow (short term debt) from its committed bank lines because of the following reasons: 1. It would lose substantial about of its remaining short term capital availability under its bank lines. 2. It would compromise its future flexibility by borrowing in the short term. Instead, it wanted to borrow for an 8 year range (or longer) at a fixed rate. However, since the general level of interest rates were pretty high, and Goodrich?s credit ratings had dropped from BBB to BBB-. Goodrich believed that it would have to pay 13% interest for a 30 year corporate debenture. Salomon Brothers had advised Goodrich that they could borrow in the US public debt market with a floating rate debt issue tied to the LIBOR, and then swap payments with Euro market bank that had raised funds in the fixed-rate Eurobond market. Note: The reason that Salomon were confident that this could be done is described as follows: 1. There was a recent deregulation of deposit markets had allowed deposit institutions to offer n... ...% - (x1+11.2%) = 1.3%-x1. 7. From (2), and (5) Rabobank saves the following amount in semiannual interest payments: LIBOR ? 1/8% - (LIBOR ?x2) = x2 ? 1/8%. 8. For this deal to occur, Rabobank, Morgan, and Goodrich must profit hence the following also must be true: a. (x1-x2)>= F where 37.5> F> 8 (footnote #2 on page 362). b. 130 ? x1> 0 i.e. 130> x1 c. X2 ? 12.5> 0 i.e. x2> 12.5 Assuming that x2 = 20 basis, and x1 = 100 basis. We can conclude the following: Goodrich pays a fixed interest of 11.2% + 1% = 12.2% a savings of 20 basis points (after transaction costs). Rabobank saves a total of 2% - 1.8% = 20 basis points. And Morgan collects 2% - 1.25% = 75 basis points in fee, in addition to the $125,000 one time fee. Note: The total savings that this deal provides as a result of the swap is: 5 + 20 + 75 = 100 basis points.

The Development of Janes Character from Passionate Child to Independen

The Development of Jane's Character from Passionate Child to Independent Woman Jane's character changes immensely throughout the course of the novel. In Victorian England, there were distinctive boundaries of social classes and I intend to study Jane's social elevation, from a destitute orphan to that of a beloved wife. When Jane was a child her parents died and she was sent to Mr Reed, her late mother's brother. "my own uncle - my mother's brother in his last moments he had required a promise of Mrs Reed that she would rear and maintain me as one of her own" Her uncle died and she was left with Mrs Reed and her three cousins who all despised her. They only looked after her because of the promise to Mr Reed. It was typical in Victorian England for an orphan to stay with relatives because if they didn't they would be sent to the workhouse. They would either be loved or despised - like in Jane's case. Jane was a spirited child who was not afraid to stand up to Mrs Reed or John Reed. She was isolated and explains how unloved and ill treated she was at Gateshead "if anyone asks me how I liked you, and how you treated me, I will tell them the very thought of you makes me sick" Jane is a brave, little girl and tells things as they are. She accepts how badly she was treated and lets Mrs Reed know this just before leaving to go to school at Lowood. When Mr Brocklehurst visited her at Gateshead, she was forceful and told him directly "Psalms are not interesting." This action was not typical of others in Victorian England, as they would not have answered so bluntly. Jane Eyre leaves Gateshead and attends Lowood School, she forms alliances with Helen Burns and Miss Temple, and she becomes a much .. ...character it helps to focus and underline the thoughts and feelings of the writer without feeling embarrassed, instead it allows the writer to get their opinions into society through another means other than themselves. However, I do not believe that the whole novel is feminist because a Victorian woman's aspiration was to marry and in the end this is what Jane ends up doing. The period when Jane is at school is when she learns to control herself and become more "Victorian", but again in contrast to this, it has been suggested that Miss Temple and Jane were more than just friends up until the point when Miss Temple got married. It seems to me that sections of the novel do point to being 'feminist', trying to get men and women on equal terms, whereas some sections are more typical in the way that they represent Jane and a more usual 'Victorian' manner.

Great Wall Of China Report Essay example -- essays research papers fc

The Great Wall of China   Ã‚  Ã‚  Ã‚  Ã‚  The Great Wall of China is truly one of the greatest architectural achievements in recorded history. The longest structure ever built, it is about 6,700 kilometers (4,163 miles) long and made entirely by hand. This wall is said to be visible from the moon. It crosses Northern China, from the East coast to Central China (Karls, 1). This massive wall is not only one of the ancient wonders of the world, but it also has been the inspiration of many writers and artists. With a history of more than 2,000 years, some of the sections of the Great Wall are now in ruins or even entirely disappeared. However, it is still one of the most appealing attractions all around the world, because of its architectural greatness and historical significance.   Ã‚  Ã‚  Ã‚  Ã‚  The Great Wall's construction began in 221 BC under the emperor Meng Tien, of the Chin Dynasty (Twitchett, 2). Continual invasions and wars from the barbarians to the North drove the emperor to order its construction to protect the newly unified China. It started at Lintao and extended to Liaotung, reaching a distance of more than 10,000 Li. After crossing the Yellow River, it wound northward, touching the Yang Mountains (Twitchett, 2). Although the wall is considered to be well under 10,000 Li (one Li is approximately a third of a mile) it was truly an amazing accomplishment (Twitchett, 2). Meng Tien employed some 300,000 men in the creation of the original section of the wall. The building of such a massive wall would definitely be a huge task. A wall that stretches through the wilderness is not easily accessed by supply lines, unlike a highway that creates its own supply line (Delahoye, 3). There was also a massive loss of lives during the construction of the wall, due to widespread disease and injury (Delahoye, 3). In fact it is an Ancient Chinese myth, that each stone in the wall stands for a life lost in the wall's construction (Delahoye, 3). It is recorded that Meng Tien's section of the wall took only ten years to build, but it is believed that it actually took a substantially greater amount of time (Delahoye, 3). After Meng Tien's original construction the wall was far from completed. Other walls were added to and encompassed within The Great Wall. The last major work on the wall was completed during the Ming Dynasty around 1500 (D... ...s last name and the number represents the source number on my bibliography. THE GREAT WALL OF CHINA By: Jeff Beland Due Date: April 26, 2004 Class: History 162 Section 1 Professor: T. Teng Assignment: Formal Paper Bibliography 1.  Ã‚  Ã‚  Ã‚  Ã‚  Karls, Robert. 10,000-li Great Wall. New York, Crabtree Publishing Company, 1958. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Twitchett, Denis and Loewe, Michael. The Cambridge History of China: Volume 1. Cambridge University Press: Cambridge, England, 1986; 61- 63. 3.  Ã‚  Ã‚  Ã‚  Ã‚  Delahoye, H.. Drege, J.P. Wilson, Dick. Zewen, Lou. The Great Wall. New York: Warwick Press, 1987. 4.  Ã‚  Ã‚  Ã‚  Ã‚  Ledoux, Trish. Ancient Civilizations: San Francisco, Mixx publishers, 1984. 5.  Ã‚  Ã‚  Ã‚  Ã‚  Forbes, Geraldine. Asian Studies. New York, Mifflin Company, 1993. 6.  Ã‚  Ã‚  Ã‚  Ã‚  Muyaka, Ho Chin, Huang River: New York, Penguin Publishers, 1994. 7.  Ã‚  Ã‚  Ã‚  Ã‚   Kalman, Bobbie. China the Land. New York: Crabtree Publishing Company, 1989. 8.  Ã‚  Ã‚  Ã‚  Ã‚  http://www.travelchinaguide.com/china_great_wall/   Ã‚  Ã‚  Ã‚  Ã‚