Monday, March 23, 2020
Who Wants To Make Themselves A Millionaire Essays -
Who Wants To Make Themselves A Millionaire Why are we working to make other people rich? Is it because we are trained to in school? Or is it because big business makes an offer we can't refuse? I think that at an early age we are taught to be a good employee rather than live life in a business state of mind. At an early age we are taught to be employees. We are taught to work together to help us socialize with others in our work. We are taught to follow directions to help us be better employees, receive successful jobs, and succeed in the jobs we do get. I know that following directions and socializing with others are important in developing as a person, but we also need to be taught a better business state of mind. By this, I mean we should learn how to develop ideas to become our own boss. We are taught at early ages to make good grades. Why is this? I believe it is because we are taught that good grades insure better jobs, which is to an extent true. Bill Gates, Lawrence Ellison, and Paul Allen, the top three on Forbes' richest people list, had ideas, developed them, and became successful. In Rich Dad, Poor Dad, the author states that wealthy people stay wealthy by teaching kids a business state of mind; whereas, middle class people tend to teach their kids to be an employee (Kiyosaki 58). There are middle class people who become rich, but I think it's because they got out of the employee state of mind. An example is Tom Reynolds; he has a five-year-old business and fewer than 50 employees, but is approaching six million dollars in sales. I think he was goal-driven to become rich and this ambition got him from middle class to millionaire status (Silverstein T8) When I used to work at Best Buy I would think of people like Tom Reynolds who progressed out of the middle-class. While I was getting paid six dollars and fifty cents an hour, like most regular employees, Richard Schultz, the founder of Best Buy, was making hundreds of millions of dollars a year. This wasn't making a lot of sense to me. Why did everyone else work while he got to relax and become rich? It's because he had an idea and developed it. Some people are born workers. I know we need workers to make a society, but work wasn't and isn't for me. My friend and I had an idea of advertising on the Internet. With a few learn-how-to books and some time, we had created our own business. I think that like Tom Reynolds we were goal driven to become successful. I think that without dreams and ambitions one cannot succeed. Without dreams and ambitions what does one have to look forward to? I may not be making millions of dollars, but I have all the time I need, and I still make money. Most people are happy with their life as an employee, and that is wonderful. Without them, we wouldn't have fast food and other needed services. There are also a lot of people unhappy with their salary, but they work it out. If they had been taught a better business state of mind, I think they could have found ways to be happier with their lives. When I interviewed a friend of mine who is an employee that wants to find a better job, I asked him six questions. What kind of job would you rather have, if not current employer, and why don't you have it; what types of tasks do you do daily; in ten years would you still want to be where you are today; compare and contrast the labor you do for your boss and the hours worked each week; as a child do you think you were taught to be an employee or a business person; and do you think that people being unhappy with their jobs is a problem in America? He tells me that he would rather be in business for himself making his money work for him or wor k as a laser technician. He did go to
Friday, March 6, 2020
Differences of the New England and Chesapeake Regions essays
Differences of the New England and Chesapeake Regions essays What was life like for the American colonist at the end of the seventeenth century? Well, if someone were to ask the residents of Chesapeake and New England they would almost certainly get an analysis of two very distinct societies. Due to geographical, climatic, economic, and moral differences, New England and Chesapeake developed into completely dissimilar regions. The effects of climate and geography had an extremely opposite reaction in reference to New England and Chesapeake. A harsh climate in Chesapeake allowed diseases such as malaria, dysentery, and typhoid run ramped. Half the people born in early Virginia and Maryland did not live to see their twentieth birthdays. In addition families were both few and fragile in this fierce environment. But while Chesapeake was dealing with a harsh climate, New England was reaping the benefits of cleaner water and cooler temperatures that prevented the spread of killer diseases. In contrast to the fate of the Chesapeake residents, new Englanders added ten years to their life by moving there. One settler even claimed, a sip of new Englands air is better than a whole draft of old Englands ale. The healthy environment of New England contributed to a more family centered life compared to the Chesapeakes. Along with different climates came different economic practices. Although unhealthy for the Chesapeake residents, tobacco cultivation proved to be perfectly suited for the region. Almost 40 million pounds of tobacco a year was exported out of Chesapeake by 1700. This increase in tobacco meant more labor in the form of indentured servants. Both Virginia and Maryland engaged in a headright system. Under this method whoever paid for the passage of the worker, were rewarded with fifty acres of land. By 1700 Chesapeake planters brought some 100,000 servants to the region. Eventually these free white slaves grew restless...
Tuesday, February 18, 2020
Professional Practice Essay Example | Topics and Well Written Essays - 2000 words
Professional Practice - Essay Example On one bright day, on the New Year eve, the main server crashed. Though we were able to restart the server and line it up for service, the database could not be started. After much trying we decided to restore the backed up data from the earlier date. As luck would have it, the restored data also failed. If we had tried to restore this data it would have been two days work which the client might have had to do, instead if we were to restore the earlier one, we need to restore or reenter almost one week's data which is quite a volume. Taking all this into consideration we tried our best to bring back online the original data without loss of any information. It took almost two days for us to bring back the data and restart the database. This professional issue meant we are possibly missing our New Year celebrations. But for the client, it was down the day before the New Year and it was brought on line the day after the New Year. Literally, there was no down time for them. They were hap py. Professional issues many times are application of mind and common sense coupled with appropriate technical knowledge. May be I should say, 20% technical knowledge and 80% common sense. I have found along with this, there is also another major factor which plays an important role in sorting out professional issues and that is the attitude. The learning attitude and an open mind, both for criticisms, for new ideas and for sharing new thoughts, would all help in solving very many complex issues. Professional issues are welcome since they would bring in challenges that make our work more interesting, in the bargain, educating us and leave us with a sense of achievement at the end. Whereas Ethical issues are not... The researcher of this essay states that running and heading a private business is a challenging job. One, you are responsible for your staff and also for yourself and your family. Two, the customers need to be answered and the commitments made need to be honored including the time lines. As a matter of fact, the staff in your company will expect you to compensate them for the same kind of work. The responsibilities at the office are more profound and finding time to make contributions to forums of interest seems to be a difficult proposition. The researchr of this essay lists down some of the professional issues that he faced during the course of his work with various companies. As Head IT Technician, the researcher was expected to plan for ongoing and regular backups of database in a particular client site. This was done twice every week at an interval of three days every time. The idea was, in case there is any data related issue, the client would be able to roll back to a state t hat was maximum three days prior to the date of the problem. The researcher also planned it in such a way that there will be at least one more backup which will also be maintained. The researcher concluds that this course made a very important point and that is: we may not be able to satisfy every one at every point in time. Professionals need to up hold the highest professional tradition and ethic. The course made the researcher to appreciate these facts of the codes of conduct as well as the ethics and the morals behind these codes.
Monday, February 3, 2020
Managing Financial Resources and Decisions Essay - 7
Managing Financial Resources and Decisions - Essay Example From the above table it is observed that the Casey will be achieving negative cash balance at the end of every month which indicates that the barber shop will be running its business at loss if the above expenses and income are experienced by it for the next 6 months. From the profit and loss account and cash flow budget mentioned in Task 1 it is evident that Caseyââ¬â¢s barber shop will be running at huge loss if he does not modify the business structure. The owner should bring in appropriate changes in business so as to earn profit. The owner should increase the working hours from 6 hours a day to 8 hours a day so that the barber shop attends 24 customers a day instead of 18 customers a day. It will bring in revenue without increase in any further cost. Adults are to be charged à £ 25 for the first two months and then à £ 30 for the next 4 months. The children should be charged à £ 15. The table below reflects the changes that are made in order to have postive ending cash balance at the end of every month. The charge of the services should be increased in order to bring in profit at the end of every month in the business. Adults are to be charged à £ 25 for the first two months and then à £ 30 for the next 4 months. The children should be charged à £ 15. The main aim of this section is to compare the financial statements of two listed companies published in their annual reports and examine the financial performance of the companies by comparing the performance of the financial ratios. The two companies that are chosen are ASDA Limited and Tesco Plc. Both the companies are dominating the supermarkets in United Kingdom. The data required for the ratio analysis are collected from the annual reports of both the companies. A comparison is drawn between the two with respect of their performance: liquidity, solvency and profitability. The presentation and the formats of the two companyââ¬â¢s
Sunday, January 26, 2020
Case study of the Image Cafe
Case study of the Image Cafe Image Cafà © was founded by Clarence Wooten in 1998. Prior to that he was also a founded of Envision Designs while he was an undergraduate in 1991 and Metamorphosis Studios in 1994 with co-founder Andre Forde. However, the three company did not really last long. In 1998, Metamorphosis Studios had sold to Medisolv, Inc and Image Cafà © was acquired by Network Solution after sever months of market launch (Clarence Wooten, Jr., 2005). About Clarence Wooten, Jr. Clarence Wooten had a big dream since childhood. His dream is to get rich someday. His childhood hobby was playing with computer games. He was so obsessed with computer that his parents banned him at the age of 14 (Kathryn F, Spinelli, 2004: 33-40). At the age of 18, he attended college to study architecture in Catonsville Community College. During that time he believes that by taking up architecture courses can satisfy his creative instincts. In the early 1990s, many professional architects went back to school to upgrade themselves due to the recession. At that point of time, he manages to learn from the senior architects. After the first two failure of his business, he realised that he did not really understand anything about finance after he read the stories from Fred Smith, Reginald Lewis and Bill Gates. This had inspired him to upgrade himself with a business administration and finance. In 1998, he was graduated with B.S. in Business Administration from Johns Hopkins University (Kathryn F, Spinelli, 2004: 33-40). Clarence Wooten, Jr. Venture Spirit Clarence Wooten started Envision Design which was his first business while he enrolled for Catonsville Community College. The type of service he was offering was using form and cardboard to model out a proposed building. The company did not perform well during that time and eventually closed down (Kathryn F, Spinelli, 2004: 33-40). In 1994, Clarence Wooten started his second company Metamorphosis Studios with his co-founded Andre Forde by focusing on special effects and multimedia presentations. Their first customer is Bingwa, an educational software company. However, Bingwa require Metamorphosis Studios to relocate to Princeton, New Jersey and worked for Bingwa. After a thought Clarence Wooten and Andre Forde turned down the offer as they know they are heading for something big (Kathryn F, Spinelli, 2004: 33-40). Metamorphosis Studios was not a successful project too, in 1998 Metamorphosis Studios was acquired by MediSolv, Inc (Clarence Wooten, Jr., 2005). In early 1998, Clarence Wooten started his third company Image Cafà ©. Back in 1995, internet service began to grow. Many companies had started to create their own companies website in order to promote their products and services over the World Wide Web. However, during that time, many companies do not have their own expertise to create a website. Clarence Wooten knew that this is an opportunity and started Image Cafà © to help companies by design their website to promote their products and services over the web (Kathryn F, Spinelli, 2004: 33-40). At the start of Image Cafà ©, Clarence Wooten went around to search for capital in order to start his business. What Clarence Wooten wants was $300,000 capital based on $3 million valuation. In total he received $110,000 from 10 different investors. Image Cafà © website was ready to launch after four month of preparation. However, at that point of time, Clarence Wooten had utilised the cash during the launch. He went back to the existing investors to ask for additional $150,000 in form of bridge loan. This time, Clarence Wooten expects to raise $3million at $10 million valuation (Kathryn F, Spinelli, 2004: 33-40). In June 1999, Image Cafà © once again runs out of cash. He approaches three major investors who are keen on investing, two venture capital firms and Network Solution. This time he asked for $1 million from each investor on a $10 million valuation. Out of three, one investor felt that $10 million valuation is too high. Clarence Wooten remembered Mid-Atlantic Venture Association was interested to invest in Image Cafà ©. After negotiation, Mid-Atlantic Venture Association will not invest till Clarence Wooten perform the required due diligence. However, Mid-Atlantic Venture understands that Clarence Wooten needs immediate cash so they refer him to two new investors who willing to give him the loan at $300,000 bridge loan on $6 million valuation. At this point of time, Clarence Wooten need to make a final decision to look for more investor or continues to fight as all a long Clarence Wooten wanted a $10 million valuation (Kathryn F, Spinelli, 2004: 33-40). A Business Plan to Manage Clarence Wooten Business The author felt that Clarence Wooten cannot sustain his business is because his venture spirit lacks of a proper business plan. Every business he does he only based on his feeling, he thinks he believes or the investor might all these are base on what he feels. Before starting a business, he should draft a business plan outline. By doing that, he will have a better view on what he is doing. Business plan outline consist of an Executive Summary on the entire business plan. Second, Company Description is about his products and services, ownership, partnerships etc. Third, Industry Analysis base on industry trends, size, growth rate and sales projection. Fourth, Market Analysis on buyer behaviour, competitor analysis, market segmentation and target market selection. Fifth, Marketing Plan focuses on how Clarence Wooten should market his services. Sixth, Management Team and Company Structure consist of the founder and key personnel. Seventh, Operations Plan is about how the company will r un and how do Clarence Wooten produce his work. Eighth, Product (or Service) Design and Development Plan on development status and tasks, challenges and risks, and Intellectual Property. Finally, Financial Projections is a very important factor for entrepreneur. Clarence Wooten should layout how much money his firm needs before the start of his business and how he is going to raise the money and how he is going to use the money. He should not source for investor when he feels that money is not enough (Bruce R. Barringer R. Duane Ireland, 2010: 144-154). Conclusion Clarence Wooten is daring, creative and smart guy. To start a business, the founder or founders should have a proper business plan. From the business plan the founder or founders will be able to have a better view on what are their strength and weakness is there any opportunity or threat to start or with the business. Fire fighting is not advisable, the founder and founders should prevent fire from burning. Essay Title: Case Study Roxanne Quimby Introduction Roxanne Quimby was graduated from San Francisco Art Institute in oil painted. She has two sisters, one working with AMEX and one working with Charles Schwab, her father worked for Merrill Lynch. During her collage time, Roxanne Quimbys father disowned her due to her father found out that she was living with her boyfriend (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). In 1975, Roxanne Quimby married her boyfriend and moved to Guiford, Maina. They bought a land and build a two room house without electricity, water nor phone. Two years after married, Roxanne Quimby gives birth to a twin. However their married did not last long, when their twins were four, their married broke apart (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). In the 1984, Roxanne Quimby came to know Burt Shavitz. Burt Shavitz was a beekeeper with 30 hives. During that time, Burt Shavitz was earning $3000 a year by selling honey off the back of his truck during hunting season (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). After Roxanne Quimby and Burt Shavitz met, the bond was immediate. Burt Bees is born. History of Burts Bees Burts Bees was founder by Roxanne Quimby and Burt Shavitz in 1984 by starting to sell candle made from beeswax (Burts Bees, 2010). They earned their first $200 during a school craft fair, sales went up to $20,000 at the end of first year (Heather Riccio Hilary Rowland, 2010). In 1989, Burts Bees expanded their production and hired 40 employees to start set up a shop (Burts Bees, 2010). In 1991, Burts Bees increased their products variety. Besides selling candle they have invented soaps, perfumes and their best selling item is lip balm (Burts Bees, 2010). From 1993 to 1994, due to the increase of order they started to look high and low for a new location to expand their product line (Burts Bees, 2010). After a search they have relocated Burts Bees from Maine to North Carolina and dismissed 44 employees back in Maine (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). Why the move? At that moment, Roxanne Quimbly sat down at her new location surrounded by all the unpacked boxes and keep asking herself, why did she move Burts Bees out from Maine? Should she sell Burts Bees away, as she might not need the business when her child grow up or stay in North Carolina to expand her business (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). The reason for the move is due to high transport cost, high payroll taxes and lack of expertise in Maine. In Maine, Roxanne Quimbly hardly can hire a manager to help manage their business, this was due to the location of their business. In order to cope with the demand, Roxanne Quimbly has no time to focus on the management issues too. One fine day, Roxanne Quimbly just felt that Burts Bees have to move away from it current location. She was looking at the map and notice North Carolina. By looking at the map she felt that North Carolina seemed central compare to other location. Without any objection from Burt Shavitz, they did a three days tour in North Carolina and shifted in 1994 (Franklin W. Olin, Jeffery A. Timmons Rebecca Voorheis, 1997: 119-125). Question to ask before the move? Is the industry a realistic place for their new business? Second, can their company do a better job than other as to avoid or diminish the factors that suppress the industry profitability? Third, do they have any unique position in the industry that able to avoid or diminish the forces that suppress the industry profitability? Lastly, do they have any superior business model that can put in place (Bruce R. Barringer R. Duane Ireland, 2010: 182-183)? If the above answer is yes, then the business will be success. However, if any of the answer is no, this indicates that the company should reconsidering the new venture (Bruce R. Barringer R. Duane Ireland, 2010: 182-183). Conclusion Before the move to North Carolina, Roxanne Quimbly and Burt Shavitz should sit down to go through a business plan by using SWOT model. Using SWOT model to compare what are the strength and weakness to have business between Maine and North Carolina. Is there really an opportunity in North Carolina (eg. Low taxes and expertise) and types of threat they might face (eg. Competitive markets, security). Roxanne Quimbly should not start asking herself why she moves Burts Bees when she had moved. Essay Title: Case Study Globant Introduction Globant is an information technology (IT) outsourcer in Argentina, over the three years Globant sales have exceeded $12 million. Today Globant is one of the largest independent IT outsourcer companies in Argentina (Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006). About Globant Globant was founded in year 2003 by four engineers. They left their job and started Globant when they noticed that there was an increase growth of IT outsourcing in India (Globant, 2010). They started their own business base on simple strategy: Recruit the best local talent and deliver high-quality solution by ensuring superb customer service (Cited: Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006: 234-244). During hiring, human resource focuses on three distinct areas they are: People care, Career and talent development and Staffing and recruiting. People care focus on personnel benefits and work environment. Career and talent development focus on employees growth in the organisation by offering training or courses. Staffing and recruiting focus on attract and hiring in new talent (Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006: 234-244). . After seven years of hard work, Globant had become a global payer in the IT industry with a team of 1500 professionals. Globant had also received many awards and recognitions from different institutions. They are: MIT, Endeavor, Global Services, La Nacià ³n, Sadosky, International Association of Outsourcing Professionals, The Black Book of Outsourcing and Mercurio (Globant, 2010). Why Outsource? Over the past decade many organisation are trying to focus on their core business. In order to do so, most of the multinational companies are outsourcing part of their functions out to third party companies. Example: Recruitment, Marketing, Call centre, Logistics, IT etc. In early 1990s, some of the multinational companies start to outsource their IT function. Base on a research done by Forrester Research, by 2005 in United Stated IT outsourcing market have grown to $84 billion (see Globant Exhibit 1) (Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006: 234-244). There are many reasons why organisations choose to outsource their functions. However, the most three critical areas are: (1) Cost and time saving, (2) Lack of expertise in the organisation, (3) To focus on company core business (Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006: 234-244). Competition in 2006 During 2006, when IT industry reached a matured stated, Globant is facing a fierce competition not only from the local market, they are also facing challenge from giants companies like IBM, EDS, direct competitors and other country in term of cost (see Globant Exhibit 3) (Shingo Murakami, Roger Premo, Ina Trantcheva Eril Yeager, 2006: 234-244). Example: Tata Consulting Services (TCS) in Mumbai, India with 90,000 employees. Infosys in Pine, India with 80,000 employees and more than 3 billion in revenues. Luxoft from Russia and Accenture which based in Chicago. Michael Porters Five Forces Model With the competition come from all direction, Globant management can consider to apply using Michael Porters Five Forces Model to over come the threat (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). They are: Threat of Substitutes, Threat of New Entrants, Rivalry Among Existing Firms, Bargaining Power of Suppliers and Bargaining Power of Buyers (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). Threat of Substitutes: Compare competitor products and services and theirs. How can they be different whereby others cannot have any substitution (Bruce R. Barringer R. Duane Ireland, 2010: 174-180)? Threat of New Entrants: Economies of scale willing to accept cost disadvantage. Product differentiation to achieve product differentiation from others. Capital requirements require new company to invest large amount of money. Cost advantages independent of size, Access to distribution channels and Government and legal barriers require license by the authority before enter (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). Rivalry Among Existing Firms: focus on Number and balance of competitors, Degree of difference between products, Growth rate of an industry (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). Bargaining Power of Suppliers: focus on Supplier concentration, Switching costs, Attractiveness of substitutes and Threat of forward integration (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). Bargaining Power of Buyers; focus on Buyer group concentration, Buyers costs Degree of standardization of suppliers products and Threat of backward integration (Bruce R. Barringer R. Duane Ireland, 2010: 174-180). Conclusion In today environment, organisation not only facing competition from the local market it is also facing competition from all over the world. As what we see from the case study, Globant are facing direct competition from India IT firms and local Multinational companies. If Globant wants their customers to continue to use their service besides focusing on their products, they might need to focus on their after sales service. Essay Title: Case Study Quick Lube Franchise Corporation (QLFC) Introduction This research is base on a case study of Quick Lube Franchise Corporation (QLFC). Quick Lube Franchise Corporation was a franchisee of Super Lube. Super Lube was founded by Mr Jeff Martin in March 1979 (Stephen Spinelli William By-grave, 1991). Their core business at that time is focusing on quick lube concept, servicing the lube, motor oil etc. Super lube is also the number one franchiser of quick lubrication and oil change servicing centre in United States (Stephen Spinelli William By-grave, 1991). In 1980s, Super lube is having some financial issues. In order to pull out from the financial issues, Super Lube sold 80 per cent of it share to Huston, the major oil company during that time (Stephen Spinelli William By-grave, 1991). Mr Frank Herget was one of the four founders of Super Lube. However, during that time Mr Jeff Martin, chairman and CEO of Super Lube, is committed to franchising his servicing centre. Due to their differences, Mr Frank Herget set up his own company name Quick Lube Franchise Corporation (Stephen Spinelli William By-grave, 1991). Relationship between Quick Lube Franchise Corporation and Huston In 1982, Mr Frank Herget started off with two service centres. Over the ten years of hard work Quick Lube Franchise Corporation grow from two service centre to forty-seven service centres (see QLFC Exhibit 1). During that time Mr Frank Herget CEO of Quick Lube Franchise Corporation was facing debt for further financing new service centres as the cost of land and construction have rise from $350,000 to $750,000 per service centres comparing to ten years ago (Stephen Spinelli William By-grave, 1991). At that point of time, Mr Frank Herget knew that rapid growth is impossible till Quick Lube Franchise Corporation stuck a deal of $6.5 million from Huston Oil of subordinated debt. From there, Quick Lube Franchise Corporation was committed to purchase Huston products (Stephen Spinelli William By-grave, 1991). QLFC Exhibit 1 Source: Citied from Case Quick Lube Franchise Corporation (QLFC) Current Issues facing by Quick Lube Franchise Corporation When Huston had acquired 80 percent of Super Lube due to their financial problems, most of the franchisees start to felt discontent. As the franchisor is now focusing on motor oil sales instead of their service centre profit (Stephen Spinelli William By-grave, 1991). Mr Frank Herget did some research about the past relationship between Quick Lube Franchise Corporation and Super Lube. After a thorough analysis Mr Frank Herget request for a meeting with the new franchisor, Huston to present his finding and concerns (Stephen Spinelli William By-grave, 1991). Mr Frank Herget main concern is that Huston is only interested in promoting the core products (lubricant oil) via franchisee chain and not in the area of promoting the service centers profitability. Mr Frank Herget also felt that there is a conflict of interest, as Huston is selling their product to Quick Lube Franchise Corporation as a franchisor and obligated to promote service centre profitability (Stephen Spinelli William By-grave, 1991). According to the license agreement it stated that, The franchisee is contractually bound to a system of operation and to pay the franchisor a royalty in the form of a percentage of top-line sales (Citied: Stephen Spinelli William By-grave, 1991). Since Quick Lube Franchise Corporation is paying a loyalty fees to the franchisor how can they also benefit from the core product sales profit. These have goes against the franchise ethics of conflicts of interest between franchisors and their franchisees (Bruce R. Barringer R. Duane Ireland, 2010: 535-536). Recommendation to resolve the issues Base on the research Quick Lube Franchise Corporation did not violate nor beach the contract called license agreement, as Mr Frank Herget was still providing service as a service centers operator. After Huston acquires 80 percent of Super Lube, Huston should offer a new license agreement to Super Lube existing franchisees. Huston should offer a solution pertaining to Quick Lube Franchise Corporation oil deal and, franchisor and franchisee agreement to avoid conflict of interest. Conclusion It is important to practices franchise ethics in order for the franchisees to trust the franchisor. Franchisor must not have the mentality to get rich by just franchises. Overselling or over promise might end up losing franchisees (Bruce R. Barringer R. Duane Ireland. 2010: 535-536). Franchisor must be firm on what types of service they expect from the franchisees. Taking the above case study as example, Quick Lube Franchise Corporation do not understand should they be promoting core product from the franchsior or promoting service centers profitability. If the franchsior, it unclear this will lead to conflict of interest. Essay Title: Case Study Indulgence Spa Products Introduction Robert Dawson and Ulissa Moser was parent of Jimella and Angela. In 1959, Robert Dawson invests $10 in Fuller Products sales kit and started selling personal care products in Brooklyn, New York (Sandra Sowell-Scott, 2005: 614-625). In 1963, Robert Dawson fell in love with Ulissa Moser and they got married. Few years later they started their very own business by opening a Fuller products distributorship (Sandra Sowell-Scott, 2005: 614-625). In 1978, Robert Dawson and Ulissa Moser expanded their business which includes Dawson Beauty School and beauty supply chain in Midwest. In year 1988, their business get better and they opened their first 37,000 square foot headquarter office and manufacturing facility in Chicago. At the same time Jimella came abroad as a Marketing Director (Sandra Sowell-Scott, 2005: 614-625). Jimella was their younger daughter, she was very hard working. At the age of 11 she started to help her parents by selling products door-to-door (Sandra Sowell-Scott, 2005: 614-625). In 2000, Jimella launched a new line of luxury product named Indulgence. She was selling along with Dawson product in the start (Sandra Sowell-Scott, 2005: 614-625). In 2003, Jimella changed the way of selling their products. She took the ideas by using salaried sales representative, she changed the selling method by using multilevel marketing sales model also can be known as direct selling (Sandra Sowell-Scott, 2005: 614-625). Starting of Indulgence Since young, Robert Dawson and Ulissa Moser have thought their children to dream big and never try to take the easy way for their success. Jimella has an entrepreneurial spirit just like her father. The reason why Jimella wanted to pull Indulgence out from Dawson product line was because she knew that if she continued to stay with Dawson, she would never be able to make any important decisions as her parents were still in control. Any major decision would still need to go through her parents. (Sandra Sowell-Scott, 2005: 614-625). At that time, Ulissa Moser also felt that the product line was going two different directions. Ulissa Moser wanted Jimella to succeed in what she does, however she also wanted Dawson products to continue to be a successful grow family business (Sandra Sowell-Scott, 2005: 614-625). Ulissa Moser had a conversation with Jimella by telling her that running a business is not as easy as what she think. She needs a lot of time commitment compare to working for her parents. Jimella confidently replied her mother that she was ready for the coming challenges. With the support from her parents, she started her business (Sandra Sowell-Scott, 2005: 614-625). Although Jimella was starting her own business, her parents had arranged her to work for Dawson and handle special projects. In return, Dawson would lend Indulgence Spa Products $250,000 and allowing her to use Dawson to manufacture her products (Sandra Sowell-Scott, 2005: 614-625). Road to Success Jimella is a smart lady. From the case study, the author found that she is equiped with some personal characteristics of an entrepreneurship besides getting support and understanding from her parents. She had identified some of the critical issues if she continues to work under her parents. From there, she identified the opportunity and started off with her own business from her prior experience from Dawson. Jimella is also alert in term of running her own business. Instead of having salaried sales representative, she changed to direct selling. From there, the sales representative did not really depend on their basic salary but were going for commission. The more they sell, the more money they are getting back. This can be known as cognitive factors, an opportunity that others might miss (Bruce R. Barringer R. Duane Ireland, 2010: 77-81). Social Networking is another important factor as a successful entrepreneur. When Jimella was a Chief Marketing Officer (CMO) in Dawson she had made a bold move by firing lazy or unproductive employees. From there she had developed a nurturing family work place, where employees were able to feel long term employment in Dawson (Bruce R. Barringer R. Duane Ireland, 2010: 77-81). Creativity is also one of the factors that Jimella have. As a CMO in Dawson, she had initiated several operation changes example: direct selling. She also brought in new direction plan for Indulgence Spa Products by using five creative processes. They are: Preparation, Incubation, Insight, Evaluation and Elaboration (Bruce R. Barringer R. Duane Ireland, 2010: 77-81). Conclusion Jimella is a very hands on person. Since young she had started to learn the hard way of selling. As an entrepreneur, besides having family support, she also understand an entrepreneur must also have a clear mind on which direction they are going. Having prior experience, cognitive factor, social network and creativity is important (Bruce R. Barringer R. Duane Ireland, 2010: 77-81).
Saturday, January 18, 2020
Assess the Argument That Modern Childhood Is a ââ¬ËMarch of Progressââ¬Ë
The march of progress, traditionally depicting a compressed presentation of 25 million years of human evolution, can be applied to sociologists view on childhood- is it ââ¬Ëevolvingââ¬â¢ for the better? The ââ¬ËMarch of progressââ¬â¢ view argues that, over the past few centuries, childhood in western societies has been improving steadily, and is even better than ever today. We can then go onto say that the ââ¬Ëmarch of progressââ¬â¢ evidently paints a bad picture of the past; as Lloyd De Mause puts it- ââ¬Å"The history of childhood is a nightmare from which we have only begun to awaken. The further back in history one goes, the lower the level of childcare, and the more likely children are to be killed, abandoned, beaten, terrorised and sexually abused. â⬠Writers like Aries and Shorter look on from this dark past, and hold to the belief that children are more valued, better cared for, protected & educated, enjoy better health and have a lot more rights than previous generations. On the other hand, certain sociologists would disagree with this; for example, Sue Palmers. Her view uplifts the concept of ââ¬Å"The Five Finger Exerciseâ⬠; the belief that ââ¬Ëlanguage, love, education, play & disciplineââ¬â¢ are what children crucially need for healthy development. In her opinion, children in the UK today are going through, what she calls, ââ¬Ëtoxic childhoodââ¬â¢- in the past 25 years, childrenââ¬â¢s physical, emotional and academic development have been effected and damaged by rapid technological and cultural changes. These ââ¬Ëchangesââ¬â¢ include emphasis on testing in education, computer games, junk food, intensive marketing on children, even the long hours parents work. All of these factors (which werenââ¬â¢t as dominant in society, in the past) have negative effects i. e. an increase in child obesity. Neil Postman has a similar negative opinion on childhood- he stated that childhood is ââ¬Ëdisappearing at a dazzling speedââ¬â¢. In contrast to Palmers opinion that children are being affected by rapid technological and cultural changes, Postman believes the disappearance of childhood is down to young people being given the same rights as adults. Similarities in the way children and adults dress, the decrease of traditional unsupervised games, ven rare cases of children committing ââ¬Ëadults crimesââ¬â¢, such as murder. Also, as education intensifies, young people will be able to enter the adult world at an earlier age, rapidly increasing the disappearance of childhood. Though Iona Opie argues that this is not true that childhood is not disappearing; she believes there is still evidence that childhood culture exists, based on a lifetime of research into childrenââ¬â¢s games, rhymes and songs (led by herself and her husband, Peter Opie). Contradictory to Postmanââ¬â¢s findings, Opie came to the conclusion that children can, and do, create their own independent culture which is separate from that of adults. Child liberations argue against both Palmers and Postman- they argue that western ideas of childhood are being globalised (far from disappearing). International humanitarian and welfare agencies have imposed western norms on the world, of what childhood should be- a separate life stage, based in the nuclear family and school, where children are innocent, dependant & vulnerable and have no economic role. Therefore, childhood is far from disappearing, but western notions are simply being globalised. For example, anti child labour campaigns, or concerns about ââ¬Ëstreet childrenââ¬â¢ in less economically developed countries, reflect western ideas of what childhood is ââ¬Ëoughtââ¬â¢ to be like. Though this kind of activity could be the norm for children in that specific culture; possibly important preparation for adult life in their society. So in this view, childhood isnââ¬â¢t ââ¬Ëdisappearingââ¬â¢, but it is spreading across the world.
Friday, January 10, 2020
In This Essay the Myth of Equality Between Men and Women Will Be Discussed and Progress Made by Women so Far, for the Fight of Equality Will Be Examined.
Year 10 ENGLISH Assessment 1:3 ââ¬â Using Language to Persuade Unit 1 Outcome 3: Analyse the use of language in texts that present a point of view on a current issue. TASK: Produce writing that analyses the use of language in persuasive texts. You will have two class periods to complete this assessment task. The prior two periods will be to prepare. Test conditions will apply throughout the writing of the assessment.. You must analyse 2 written texts, which will be provided at the beginning of your first preparation lesson.You may use a dictionary (bring your own). You may also bring in one sheet of notes to the assessment writing classes. On the reverse of this sheet there is a copy of the Assessment Criteria for this task. You should produce a minimum of one page per text to be analysed. Each text should have a minimum of one page analytical essay. Your opinion on the issue in the persuasive text, SHOULD NOT be included as a part of your analytic essay.English Assessment ââ¬â 1:3 Using Language to Persuade Nature of task: Produce writing that analyses the use of language in two persuasive texts. Studentââ¬â¢s Name: _______________________________________________________________________ |à |5 |4 |3 |2 |1 | |Criterion 1: Knowledge Analysis and omparison of ways in which language is|à |à |à |à |à | |used to position readers. (10 marks) | | | | | | |1. Analysis of language |Sophisticated |Detailed |Analysis |Some |Little | |2.Expression of the ways in which language of selected persuasive texts is|Insightful |Careful |Some |Limited |Little | |used to position readers in a particular way | | | | | | |Criterion 2: Expressive and coherent writing, with appropriate use of |à |à |à |à |à | |metalanguage (10 marks) | | | | | | |1.Expressive and coherent |High |Expressive |General |Clear |Simple | |2. Appropriate metalanguage |High |Relevant |Mostly |Some |Limited | Marks_____/20 Teacher comments/areas for improvement_________ _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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