Examples of Students Essays

Principles of Management SWOT Analysis Essay Example

Principles of Management SWOT Analysis Essay

The strengths of Wal-Mart are many – Principles of Management SWOT Analysis Essay introduction. First, it is its sales volume. 200 million people visit 10,800 stores weekly worldwide. Its business model of increasing sales by lowering prices works very well for them. Wal-Mart deals directly with producers from local farmers to major product manufactures. This strategy allows them to secure the lowest prices possible for their customers. Wal-Mart’s supply chain is second to none. They are constantly exploring more efficient ways to transport products to customers in order to lower prices. Wal-Mart defiantly has one of the worlds most advanced global supply networks. Variety is key to Wal-Mart. If there is profit in selling a product, Wal-Mart does it. With four hundred and sixty six billion in sales for 2012, Wal-Mart is the world’s leading retailer and generates a huge cash flow. This allows them to expand internationally as well as geographically. The grocery section has grown to account for 51% of sales.

Wal-Mart is now the biggest grocer in the country. The pharmacy has grown as well. With four dollar prescriptions, they have changed the prescription drug industry. Wal-Mart is the largest private employer in the world with 2.2 million associates worldwide. Wal-Mart tends to promote from within. Not only does this strategy help retain knowledgeable associates and managers who know Wal-Mart from top to bottom. Even with such strong growth, Wal-Mart still delivers to stock holders. First quarter dividends for 2013 were one dollar and nine cents per share, returning more than 200 million dollars to shareholders. Wal-Mart is a key component in most mutual funds. Wal-Mart’s size allows it to buy in volumes that no one else can. In general, the higher the volume the lower the price per Unit. By sticking to Sam Walton’s original business model of lower prices to create higher sales volume, Wal-Mart is a world leader in sustainability and the biggest retailer in the world. W – Weaknesses:

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The weaknesses of Wal-Mart include negative press coverage, which is always a weakness in retail. With a company the size of Wal-Mart, small miscues are big news. Wal-Mart needs their customers to have a positive opinion of them so they will keep coming back. With overhead the size of Wal-Mart, customers must visit regularly. Wal-Mart operates on a low profit margin. When economic conditions are poor, sales go down and affect Wal-Mart quickly. Wal-Mart buys 40% of the products it sells from foreign sources. Government instability can disrupt, or even dissolve supply to stores. Wal-Mart cannot control how well governments maintain road and ports. Poor infrastructure maintenance slows delivery and can result in lower sales. Instability can also have negative effects on currency exchange rates. These weaknesses may not have slowed Wal-Mart’s growth to date, but they will not be going away.…… O – Opportunities

Wal-Mart has many opportunities in the current economy and is in a great position within its industry being very committed to finding opportunities to market new products and finding new ways to market old products in new ways. Wal-Mart online is constantly updated to take advantage of the growing internet market. Wal-Mart has recognized the global growth opportunity and is aggressively expanding globally in twenty eight different countries. Wal-Mart sees opportunity in its employees. Wal-Mart is a leader in internal promotion. This ensures that Wal-Mart managers are stable and knowledgeable of Wal-Mart as a whole. It is not effective in poor economies. The weather is also a constant threat. Inclement weather can close manufacturing plants, roads and stores. Heavy snows in one part of the country can close transportation routes. Destructive storms such as a hurricane can close and even destroy plants and stores. Weather related expenses and sale loss are unpredictable and always a threat. Wal-Mart is the biggest retailer in the world, making it chief target for all competition. Large, existing companies need to cut into Wal-Mart’s customer base in order to grow. Wal-Mart’s customers are also being courted by new companies, especially in the internet market place. Social pressure and negative comments is also emerging as an internet threat, and Wal-Mart will have to combat it. With volume the key to success, Wal-Mart must keep a constant visual on the threats to its customer base.

Examples of Students Essays

HR SWOT analysis Essay Example

HR SWOT analysis Essay

Introduction

I have chosen to conduct the SWOT analysis of the Human Resources function of my current employer, Jones Lang LaSalle – HR SWOT analysis Essay introduction. According to the JLL website, “Jones Lang LaSalle is a financial and professional services firm specializing in commercial real estate services and investment management.”(1) With more than 48,000 employees working in over 1,000 locations in 70 countries worldwide, JLL services clients in the local, regional and global markets.(1) JLL manages over a 2.6 billion square feet and serves more than 500,000 client employees (2) Jones Lang LaSalle is headquartered in Chicago, Illinois with corporate offices located in New York, New York and London, England. The Human Resources function of Jones Lang LaSalle is quite robust. Before the global expansion of JLL client services, JLL had human resources functions that represented the different silos of management that was decentralized by region and operating silo.

Back in the early 2000’s, with a strategic focus in mind, JLL formed what is referred to as “Corporate Solutions”. (3) In doing this, Jones Lang LaSalle would create consistencies with the way they conduct real estate, facilities and financial management services for clients no matter which global region JLL was providing client services. The human resources function also gained efficiencies by forming only one human resources function for these shared services in each JLL global market. This is a great advantage in that these human resources are sharing their experiences in each of these regions to create a diverse, well-fortified human resource management function. With that being said, it is important to understand that there are some documented strengths in this human resources management model, but the model is not perfect. Based on my observations, there are some kinks in the armor. I have put together a SWOT analysis to help paint a picture of the strengths and weaknesses of this human resources management model. Strengths

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Creation of global human resource best practices through JLL Corporate Solutions – As previously mentioned, back in the early 2000’s, Jones Lang LaSalle took all real estate, facilities management and financial and investment services and consolidated them into a single silo called Corporate Solutions. (3) Along with these services, the human resource function for Corporate Solutions was also consolidated into a single entity that is comprised of the human resource function from the different regions around the globe that Jones Lang LaSalle operates. These areas include the Americas, Africa and the Middle East, Europe, Asia Pacific and Australia. Human resources in the Corporate Solutions silo now has the ability to take the different information, data and trends from the human resource function from each of these regions and put that information to good use by creating and sharing best practices to put to use in each of the fore mentioned regions. Employee development and career path identification – From my observations in dealing with my director and vice president, Jones Lang LaSalle is a company that prides themselves on employee development and advancement.

This observation is fortified by the Corporate Solutions human resources requirement of completing a 9-blocker for each employee that has been employed by JLL for at least two years. Referred to by some as a “9-box”, this is a talent management exercise to assess an employee’s future potential and career goals within an organization. By completing this exercise, the human resource department as well as company management can identify “keepers”, understand leadership bench strength, understand who should be invested in for development, offer job-related training, and make keep/release decisions on. (4) This provides the human resources at JLL Corporate Solutions an understanding about the career goals and aspirations of the employees as well as understanding which employees should be retained and which employees may be expendable. Meeting business objectives and goals by way of performance appraisals – The JLL human resources department requires that each employee, no matter what level, participate in what we refer to as IPMP’s (Individual Performance Management Program). At the beginning of each year, management is required to sit down with each of their direct reports and complete their IPMP’s for the upcoming year. In these plans, specific and measurable objectives are laid out for each employee by category.

Each category is weighted differently based on importance. Each category is scored on a 1 to 5 scale, 1 being the worst and 5 being the best. Performance appraisals are conducted at the end of the year, with a mid-year review. Depending on your overall score, compensation can be affected by way of raises and bonuses. If scored less than 3, a performance improve plan is worked out between you and your supervisor and the employee has 6 months to correct. If not corrected within that time frame, the supervisor has the right to either terminate the employee or extend the plan based on circumstance. Weaknesses

Mid-level to upper-level employee turnover – I have observed in my 3 years of being employed by JLL, that there is very high turnover at the Director/VP level. I have noticed this not only on my account, but in other accounts as well. In my time on account, I have had three different directors and three vice presidents. All of these personnel changes have come by way of the employee voluntarily leaving for other job opportunities. The changing of the guard can lead to continuity of work issues. Not all managers and executives have the same management styles and ways to go about reaching business goals and objectives. This can lead to employee learning curves and ultimately changing the way you have to complete their work. Not only does the employee suffer, the client can potentially suffer due to the time it can take to learn how to and complete an objective. JLL human resources would be wise to find a way to empower, motivate and compensate mid to upper level management in an effort to retain them longer. Low level employee accessibility to Human Resources – Accessibility to the human resource department at Jones Lang LaSalle proves to be quite a challenge.

I have never met a human resources representative in the three years I have been employed by them. I was interviewed and hired by my former vice president and director. If an employee has a human resource related question, they are referred to an HRM portal on the JLL website where forms and documents can be printed and submitted. There is no clear route of escalation if there are other human resource related issues other than bringing it to the supervisor. Human resource news is relayed to the employees by way of update emails and newsletters. This is a clear disconnect between the employees and human resource department.

Opportunities

Recruiting high value talent from global markets – As previously stated, JLL operates in over 70 countries. (1) In having such a large global footprint, the opportunity to draw from a very large, very diverse pool of potential hires with various expertise, knowledge and background is extremely great. Under the current Corporate Solutions administration, several of the administrators were born and educated outside of the United States, which is where JLL is headquartered (5). The opportunity to hire talent for all employment levels at Jones Lang LaSalle can lead to building an employee base with varying talents and backgrounds can lead to excellent ideas, strategies and ultimately best practices that can be shared throughout all of the Corporate Solutions operations.

Mid to upper level employee retention – According to the JLL newsletters over the past couple of years, the employee turnover at the mid to upper level is quite high. Human resources at the Corporate Solutions level, in my opinion, needs to develop a plan to keep these managers and vice presidents in place for longer than six months to year. A survey conducted by Harris International and Career Building indicated that 35% of folks that completed the survey feel that retention of top management is essential in workplace productivity and employee retention. Perhaps offering stock options or a different bonus/compensation structure would be in order in an attempt to keep this level engaged and wanting to stay. Threats

Industry competition – As I’ve indicated before, I have experienced high turnover in the middle to upper level management in the past three years, which has an effect of lower level workers such as myself. Each of the directors or vice presidents that have left have gone to one of several competitors of Jones Lang LaSalle. The closest competitors to JLL are CBRE, Collier International, Cushman & Wakefield, and Newark, Grubb, Knight and Frank, all of which operate in the same or similar markets as JLL. (7) It would be incumbent on the human resources department to perhaps survey middle and upper management with a separate survey to take their temperature to gain an understanding of their satisfaction and perhaps change benefits and compensation structure or other categories such as company culture that would improve their satisfaction and entice them to stick around.

Conclusion

It is evident to me that Jones Lang LaSalle is a powerhouse in the real estate, financial and facilities management support services industry. They have access to international recruitment markets and take advantage of it by hiring the best and the brightest. But, it is also evident that JLL may

need to address mid to upper level management retention as the turnover tends to be very high. As I’ve stated in the “Threats” section, the human resources department may want to consider different avenues to understand the wants and needs of this employee level. If retention can be improved, groundwork can be laid for maintaining an international strategic focus with sound experience at this level.

1.http://www.us.jll.com/united-states/en-us/about

2.http://www.joneslanglasalle.com/Philadelphia/en-us/Pages/Facility-Management.aspx 3.http://hbr.org/web/special-collections/insight/customers/silo-busting-how-to-execute-on-the-promise-of-customer-focus 4.http://cgconsultinggroup.net/blog/how-to-use-a-9-box-talent-management-model-to-assess-your-future-potential/ 5.http://www.us.jll.com/united-states/en-us/about/global-management 6.http://blog.nectir.com/employee-retention-the-key-to-productivity-and-growth/ 7.http://financials.morningstar.com/competitors/industry-peer.action?t=JLL

Examples of Students Essays

Tung Lok restaurant SWOT Analysis Essay Example

Tung Lok restaurant SWOT Analysis Essay

Strengths

Tung Lok being the leading innovative restaurant, innovation is their key to success – Tung Lok restaurant SWOT Analysis Essay introduction. In order to cater to different market segment, each of their outlets is distinctive in its own way at the same time maintaining its name for quality. To ensure quality of food produce, all their chiefs are personally selected by their managing director. They have a very experience management team in which every senior management has an average of a decade of experience in F&B industry. They have leaded the company to winning many awards thru the years and the company continues to grow at a steady speed locally and regionally. In the year 2008, the company recorded a high revenue of $69,871,000. Tung Lok also ensure that maintain a deep pocket for emergencies, like SARS.

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Weaknesses

Tung Lok emphasizes alot on ambience so as to provide customers with different dinning experience. Therefore, they spend a significant amount on the interior design causing the start up cost of each establishment of a new out to be very high. Although they have very strong branding in Singapore, they are still weak in their presence outside Singapore. Technology can be use to streamline operation, however due to the high cost required to implement the use of new technology, there’s very little use of technology in their daily operations other than the basic technology such as cash registers. Tung Lok use to target the high market segment and also due to the high cost, their product are price highly. However, now that they have diversified their market to target the mid market segment, they should review on their pricing strategy.

Examples of Students Essays

Feedback assignment Essay Example

Feedback assignment Essay

Feedback assignment Essay introduction.

Before I share my views, first I would like to make clear the definition of culture, which is a word that is of certain importance in this activity.  According to http://www.tamu.edu/classes/cosc/choudhury/culture.html, the definition of culture is that it “is a way of life of a group of people — the behaviors, beliefs, values, and symbols that they accept, generally without thinking about them, and that are passed along by communication and imitation from one generation to the next.”  With the working definition in view and the statements given by Massimo Montanari and Hippocrates, I can make a more definite stand now on my reflection of your opinion.

1.  You have clearly stated that you do not believe food has always been intrinsically involved with all the cultures of the world and even presented your reasons.  But I do not agree with you on your point about food not being involved with the cultures of the world because wherever there is a group of people involved, there will be a culture present.  It may or may not pass on up to this day, but it is still a culture.  Culture is involved with the way they acquire their food, their habit on how to hunt for them, the way they prepare their food for eating, which kind of foods they considered as edible and suitable for their tastes, and which ones they would consider as revolting and would not touch them no matter how hungry they may be.  The artificial part does not come only after the discovery of cooking food over fire.  The moment they have attached a notion or a description for certain kind of foods they have gotten in touch with, that is the time the artificial part comes in.

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2.  I agree with your view when you pointed out that food has now become part of the ‘artificial order of things’.  Yes, the food that we deemed as ‘food’ were taken from nature, but due to man’s manipulation, the raw material from nature is now artificial, and has largely become part of our culture.  It can be seen in the way it has been prepared, take for example America, the values that America has were integrated into the kind of food that it produces.  In the food preparation you can see values such as efficiency, practicality, and diversity.  That clearly explained the involvement that food has with culture.

3.  I agree with you in saying that food has always been involved with cultures.  It is a necessity for human survival, so in all cultures food is largely involved.  It can be seen during festivals, celebrations, occasions, or simply partaking of it in everyday life.  But with different cultures, the choices of food they are most often in contact with were limited, so there is what we called as special dishes that a culture certainly will have, along with the distinctions of food preparation from different places, and the values and description that different cultures have put upon them.

Examples of Students Essays

Hewlett-Packard Company: SWOT Analysis Essay Example

Hewlett-Packard Company: SWOT Analysis Essay

Hewlett Packard Inc – Hewlett-Packard Company: SWOT Analysis Essay introduction. is a technology company that provides gadgets and services to the market in more than 170 countries in the world. HP is one of the most prominent companies in the world in terms of customers’ loyalty and quality of products that are being offered. The company has a wide range of technology products such as storage devices, printers, enterprise servers, and computing devices. Through the constant development of HP products in the market, the company was able to gain large revenue in the market (Hewlett-Packard, 2009).

Internal Analysis: Strengths and Weaknesses HP was able to dominate the market with its products that have easily attracted the potential buyers and gained the brand awareness through proper advertisements and publicity. The company has been known for innovating products that capture the attention of the people (Waller, 2003). Just recently, HP launched a new product which would portray the colored and exact images of a certain thing in an electronic paper. Apparently, HP has contributed much to the constant and fast evolution of technology (The Economist, 2009).

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The company established a good position in the marketplace which makes it hard for the competitors to penetrate the industry of technology. As a matter of fact, the company is included in the most respected companies in the world along with other companies that venture in other industries (The Wall Street Journal, 2009). This achievement is a manifestation that the company was able to gain the company’s goal and objectives, not only in producing quality products but also in executing their marketing plan.

However, the continuous release of gadgets from HP still needs immediate actions from the researchers in order to produce more projects in a year. Before, the company was focusing on small projects which lengthened the process of developing new products. However, the company plans to restructure the research laboratories and focus on bigger products to be able to produce more than what the company expects.

External Analysis: Opportunities and Threats. Nowadays, technology has given marketers new opportunities to reach the market and gain larger profit in a very short time. Aside from marketing online, the society has now gone through a lot of changes making everyone acquainted to the internet. This means that the company may also be able to enlarge its target market giving the other clusters an opportunity to use their products and services. The company may develop high cost products but may also manufacture gadgets that can be affordable for other clusters in the society.

The price war in the industry of technology can open another door for improvement for a huge company like HP. This technique could gain more customers and profit at the same time. Since the economic situation of the world is one of the factors why the demand for gadgets has decreased, HP can solve the problem by adjusting to this kind of challenge. The post modern society has been the strength of HP in dominating the market. However, the existence of competitors that produce gadgets in the market can be a threat for company’s survival.

Even though HP has been considered as the market leader in developing gadgets, other companies are still striving hard to reach the revenue of the company. The constant innovation of gadgets in the market gives birth to another need for the customers. In other words, the intense brand rivalry could create a negative impact to HP regardless of the company’s position in the market. Moreover, the inconsistent demand of the society for new gadgets may affect the expansion of the company’s business.

Since companies like HP has the ability to create demands in the market, other companies may also generate new concepts to persuade the customers to try other brand aside from HP. Today, the economic situations of the countries where HP operates could also give negative effects to the company. The suppliers are starting to see the significant decrease in the demand of new gadgets (Waters, 2008). This conflict can be viewed as a conflict or threat for a big company; however, in the case of HP this can be an opportunity to expand the business more.

Examples of Students Essays

SWOT, PEST, Porte's Five Forces Analysis Essay Example

SWOT, PEST, Porte’s Five Forces Analysis Essay

SWOT ANALYSIS When we talk about of strategic decision making in an organization, we must take consider many factors that must be studied within the company – SWOT, PEST, Porte’s Five Forces Analysis Essay introduction. For that, there are several useful tools such as SWOT analysis, which is meant (strengths, Weaknesses, opportunities, and Threats), this method is the simplest and effective way to analyze the present and see how will be the future of the company.

The main purpose of this analysis is to support the organization to locate the strategic aspects, both favorable and unfavorable, for this, locate the strengths, reduce the weaknesses, take advantage of the opportunities and minimizing or eliminating the threats that may present. This analysis is based on two very clear terms: the internal and external analysis of the organization. Internal Analysis: At this point we consider several aspects such as (people, leadership, strategy, alliances / resources and processes). •Strengths: They become the strong points that the company has.

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Are the resources, capabilities, skills or positions achieved that result corporate advantages and improvements that can serve as opportunities from competition or the external environment. •Weakness: Come be the weak points the company has. Are limitations that affect the proper development strategies are threats that must be controlled and overcome. It must take into consideration the analysis of resources, activities and risks. External Analysis: At this point we consider several aspects such as (the market, the sector and competition).

•Opportunities: These are all aspects that are considered corporate benefits, are all those improvements that can support growth and profitability. •Threats: Come be all those external forces that could endanger the implementation of strategies or survival of the company. If these threats are identified early can be converted into opportunities for business. PEST ANALYSIS PEST analysis is one of the most used and helpful when identify the organization’s strategic position as well as to identify the growth or decline of a market, and in this way to know the position, potential and direction a business.

With it analyzes factors or market environment such as: Political, Economic, Socio-cultural and Technological. •Political Factor: As indicated by their name, are the factors that can identify the activity of the company. Like for example: government policies, fiscal policies of the country, changes in trade agreements, among others. •Economic Factors: At this point we are going to analyze the government’s economic policy, business cycles, interest rates, macroeconomic factors in each country, the exchange rate or the inflation rate in each country.

All these factors are analyzed to define and identify the goals and financial objectives of the business. •Socio-Cultural Factors: Here, we will analyze those social factors that may affect the company. Potential factors that can be developed at this point are: Possible change in fashion or consumer interest, changes in the level or income capacity in society and consumers, population level variation, educational, cultural patterns , among others. •Technological Factor: At this point we analyze the technological factors that may affect positively or negatively to the company.

This allows the company to offer better quality products, be constantly updated and promote product innovation and advanced technology. The factors to be taken into consideration in this regard are: Public expenditure on research, government concern and industry to improve technology, degree of obsolescence, maturity of conventional technologies, among others. PEST analysis helps the corporation to identify external environmental factors, and measures the potential of a market situation from the point of view of growth or decline, and in this way develop strategies to make the business more attractive on the market.

PORTER’S FIVE FORCES MODEL This model is another tool used by corporations for strategic planning. It was created by economist and professor Michael Porter in 1979. For Porter there are five forces that determine the profitability of a market for an industry. Should ideally the company to evaluate its objectives and resources taken into consideration these five forces are governed especially by industrial competition. These five forces are: 1. Power business buyers or customers: At this point, treated many aspects of the market or industry, consumers or buyers and products.

We note that there are a variety of companies offering the same product at low cost, as well as many buyers or consumers for that product. Thus there may be the possibility of negotiation between the industry. For the low cost and competitiveness the customer can easily vary by a substitute product. 2. Negotiation power of suppliers or vendors: This negotiation power they may have the suppliers or vendors would become a threat to the industry, their organization, strong resources and can impose their price and size of orders.

This could get worse if the materials or supplies that they produce are vital to the industry or have no substitutes or not there are many or high cost. 3. Three. Threat of entrance of new competitors: The threat begins when the input channels to market are easy or not there are many barriers to entry. Furthermore, there are no new participants arriving with new funds, skills and abilities to adapt and take control of market share. 4. Threat of substitute products: We are a market or sector is not attractive when there are many substitutes. This could result, which are low-profit markets, buyers can easily find substitutes for the same cost.

5. Rivalry between the competitors: The less competitive the market is present or sector, it will usually be more profitable and vice versa. Furthermore to a company will be more difficult to compete in a market where competitors are well positioned and they are many, the very high costs and compete with each other for the prices, aggressive advertising and new products and promotion. This model of the five forces of Porter evaluates the value and future projection of business that operates in a given sector or industry, adopting strategic reflections to determine the profitability of an environment, market, industry or sector specific.

MISSION AND VISION STATEMENTS This is another method used to assist in the implementation of a strategic plan within an organization. These strategic plans almost always mean changes in the organizational structure. This can be organized through the mission and vision statement of the company. The mission and vision statement will help the company communicate the objectives of the plan to employees and the public, as well as, help employees to feel a commitment and motivation to the process is to be carried out. •Mission Statement: This statement defines the company as it is, what it does and who it serves.

This statement fulfills an leading role in regard to the direction, goals, values and purpose of the organization. For many managers, it fulfills an very important role in the effort to motivate, sense of belonging and commitment to the company. •Vision Statement: As the mission statement, the vision statement helps to describe the purpose and values of the organization and how you want to be seen in a future for employees, customers, suppliers, owners, shareholders, and others. These two statements help managers to lead the strategic plans for success toward fulfilling the objectives, which are an essential part of the mission and vision.

When you implement in good shape these strategic plans and these statements the employees will be involved in organizational change, will be motivated, committed and consequently have a higher level of productivity. Reference Analisis pest. (2013, Enero). Retrieved from http://www. buenastareas. com/ensayos/Analisis-Pest/7145045. html Chapman, A. (2013, April). Analisis dafo y analisis pest. Retrieved from Declaracion de la mision y vision de la organizacion. (2012, Marzo). Retrieved from http://igestion20. com/declaracion-de-la-mision-y-vision-de-la-organizacion/ Declaracion de la mision y vision de la organizacion.

(2012, Marzo). Retrieved from http://igestion20. com/declaracion-de-la-mision-y-vision-de-la-organizacion/ Direcciones estrategicas. (2012, Junio). Retrieved from http://www. buenastareas. com/ensayos/Direccion-Estrategica/4433430. html Porter’s five forces model. (2013, April). Retrieved from http://www. businessballs. com/portersfiveforcesofcompetition. htm Toca, A. (2009, April). ?que es el dafo y cual es su valia como herramienta analitica?. Retrieved from http://www. elblogsalmon. com/conceptos-de-economia/que-es-el-dafo-y-cual-es-su-valia-como-herramienta-analitica

Examples of Students Essays

Assignment: Male and Probability Essay Example

Assignment: Male and Probability Essay

Institute of Information TechnologyDepartment of Mathematics| Course Title:| Business Maths & Stats (MTH469)| Class: MBT-3- A, B, C| Resource Person:| Muhammad Hamid Mahmood| Submission: will be informed in class| Assignment # 2 Q1 | What is the preferred way for people to order fast food? – Assignment: Male and Probability Essay introduction|| Course Title:| Business Maths & Stats (MTH469)| Class: MBT-3- A, B, C| Resource Person:| Muhammad Hamid Mahmood| Submission: will be informed in class| Assignment # 2 Q1 | What is the preferred way for people to order fast food? A survey was conducted in 2009, but the sample sizes were not reported. Suppose the results, based on a sample of 100 males and 100 females, were as follows:If a respondent is selected at random, what is the probability that he or she a. prefers to order at the drive-through? . is a male and prefers to order at the drive-through? c. is a male or prefers to order at the drive-through? d. Explain the difference in the results in (b) and (c). e. Given that a respondent is a male, what is the probability that he prefers to order at the drive-through? f. Given that a respondent is a female, what is the probability that she prefers to order at the drive-through? g. Is dining preference independent of gender? Explain. | | | Q2| A sample of 500 respondents in a large metropolitan area was selected to study consumer behavior.

Among the questions asked was “Do you enjoy shopping for clothing? ” Of 240 males, 136 answered yes. Of 260 females, 224 answered yes. Construct a contingency table to evaluate the probabilities. What is the probability that a respondent chosen at random a. enjoys shopping for clothing? b. is a female and enjoys shopping for clothing? c. is a female or enjoys shopping for clothing? d. is a male or a female? | | | Q3| Each year, ratings are compiled concerning the performance of new cars during the first 90 days of use.

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Suppose that the cars have been categorized according to whether a car needs warranty-related repair (yes or no) and the country in which the company manufacturing a car is based (United States or not United States). Based on the data collected, the probability that the new car needs a warranty repair is 0. 04, the probability that the car was manufactured by a U. S. -based company is 0. 60, and the probability that the new car needs a warranty repair and was manufactured by a U. S. -based company is 0. 025. Construct a contingency table to evaluate the probabilities of a warranty-related repair.

What is the probability that a new car selected at random a. needs a warranty repair? b. needs a warranty repair and was manufactured by a U. S. – based company? c. needs a warranty repair or was manufactured by a U. S. – based company? d. needs a warranty repair or was not manufactured by a U. S. -based company? | | | Q4| A sample of 500 respondents in a large metropolitan area was selected to study consumer behavior, with the following results: a. Suppose that the respondent chosen is a female. What is the probability that she does not enjoy shopping for clothing? b. Suppose that the respondent chosen enjoys shopping for clothing.

What is the probability that the individual is a male? c. Are enjoying shopping for clothing and the gender of the individual independent? Explain. | | | Q5| Arthur Andersen Enterprise Group/National Small Business United,Washington, conducted a national survey of small-business owners to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the smallbusiness owners, was the economy. A close second was finding qualified workers (37%). Suppose 15% of the small-business owners selected both the economy and finding qualified workers as challenges for growth.

A small-business owner is randomly selected. a. What is the probability that the owner believes the economy is a challenge for growth if the owner believes that finding qualified workers is a challenge for growth? b. What is the probability that the owner believes that finding qualified workers is a challenge for growth if the owner believes that the economy is a challenge for growth? c. Given that the owner does not select the economy as a challenge for growth, what is the probability that the owner believes that finding qualified workers is a challenge for growth? d.

What is the probability that the owner believes neither that the economy is a challenge for growth nor that finding qualified workers is a challenge for growth? | | | Q6| A study by Peter D. Hart Research Associates for the Nasdaq Stock Market revealed that 43% of all American adults are stockholders. In addition, the study determined that 75% of all American adult stockholders have some college education. Suppose 37% of all American adults have some college education. An American adult is randomly selected. a. What is the probability that the adult does not own stock? b.

What is the probability that the adult owns stock and has some college education? c. What is the probability that the adult owns stock or has some college education? d. What is the probability that the adult has neither some college education nor owns stock? e. What is the probability that the adult does not own stock or has no college education? f. f. What is the probability that the adult has some college education and owns no stock? | | | Q7| A study by Becker Associates, a San Diego travel consultant, found that 30% of the traveling public said that their flight selections are influenced by perceptions of airline safety.

Thirty-nine percent of the traveling public wants to know the age of the aircraft. Suppose 87% of the traveling public who say that their flight selections are influenced by perceptions of airline safety wants to know the age of the aircraft. a. What is the probability of randomly selecting a member of the traveling public and finding out that she says that flight selection is influenced by perceptions of airline safety and she does not want to know the age of the aircraft? b.

What is the probability of randomly selecting a member of the traveling public and finding out that she says that flight selection is neither influenced by perceptions of airline safety nor does she want to know the age of the aircraft? c. What is the probability of randomly selecting a member of the traveling public and finding out that he says that flight selection is not influenced by perceptions of airline safety and he wants to know the age of the aircraft? | | | Q8| A standard deck of cards is being used to play a game.

There are four suits (hearts, diamonds, clubs, and spades), each having 13 faces (ace, 2, 3, 4, 5, 6, 7, 8, 9, 10, jack, queen, and king), making a total of 52 cards. This complete deck is thoroughly mixed, and you will receive the first 2 cards from the deck, without replacement (the first card is not returned to the deck after it is selected). a. What is the probability that both cards are queens? b. What is the probability that the first card is a 10 and the second card is a 5 or 6? c. If you were sampling with replacement (the first card is returned to the deck after it is selected), what would be the answer in (a)? . In the game of blackjack, the face cards (jack, queen, king) count as 10 points, and the ace counts as either 1 or 11 points. All other cards are counted at their face value. Blackjack is achieved if 2 cards total 21 points. What is the probability of getting blackjack in this problem? | | | Q9| A box of nine gloves contains two left-handed gloves and seven right-handed gloves. a. If two gloves are randomly selected from the box, without replacement (the first glove is not returned to the box after it is selected), what is the probability that both gloves selected will be right-handed? . If two gloves are randomly selected from the box, without replacement (the first glove is not returned to the box after it is selected), what is the probability that there will be one right-handed glove and one left-handed glove selected? c. If three gloves are selected, with replacement (the gloves are returned to the box after they are selected), what is the probability that all three will be left-handed? d. If you were sampling with replacement (the first glove is returned to the box after it is selected), what would be the answers to (a) and (b)? | | |

Examples of Students Essays

Swot Analysis Essay Example

Swot Analysis Essay – Part 6

In looking at the multiple business plans that were offered, I went with Jolly’s Java and Bakery for my SWOT analysis – Swot Analysis Essay introduction. In reviewing this particular business plan I found it to be similar to what my husband and I ultimately want to ourselves, open a doggie bakery in our area. I wanted to review a business plan that offered a plan to build and grow off of a weaker market in its hometown and this companies introduction stated just that.

In my opinion the less amount of bakeries in the area, the more successful this company is going to be by jumping onto the market and need to have such a business in its area. It is my goal to introduce the strengths, opportunities, weaknesses and threats that Jolly’s Java and Bakery have per my SWOT analysis of their business plan. The people who intend to go on the business venture are well enamored for the job as Mr. Patterson is has experiences in the areas of sales, marketing and management within the food industry. His associate Mr.

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Fields brings his expertise of finance and administration as well as his CFO experiences in the beverage field. The products that these businessmen are planning to sell seem to fit their marketing area as they intend on selling a large selection of imported coffees and fresh bakery and pastry goods in an upscale community. They have done their research as far their marketing area and who they will be marketing to. They have taken into consideration the tourist traffic in their area as well and produced a percentage for their revenues of up to 35% just from tourist customers.

In order for them to have such a business, they have taken into consideration the need to hire full time a couple of full time bakers and several baristas at part time in order to have the JJB’s fully operational at all times that they plan to be open for business. The financial plan is to raise $110,000 for its own capital and borrow $100,000 which Mr. Patterson and Mr. Fields guarantee they can can pay back within ten year by obtaining a SBA ten-year loan (Bplans website p-1).

They have also worked up their hopeful revenue for their first, second and third years of operations and have the goal of breaking even by their fourth month of business. The opportunities that lay ahead for this company are tremendous when looking at the wide scope that they have presented in their business plan. The owners have taken into consideration where they will be opening and who they will be serving. The need for a bakery and coffee shop in the particular area that they have chosen is there as there will be hardly any competition for them from the start.

They plan on offering lots of coffee choices as well as baked goods during most hours of the day to accommodate mostly anyone interested in coffee and pastries throughout the day. Their products can grow over time with what they intend to sell on their menu, but they may also need to hire more workers once they begin to research the need to expand their menu. If the company were to grow they could branch out and reach more customers once they have extended their franchise, if that is something that they intend on doing. There is no word in their business plan to grow into a global company.

The Jolly’s Java and Bakery have a well thought out business model and I do not see a weakness when it comes down to this venture for them. It seems that Mr. Patterson and Mr. Fields have both researched the area in which they intend on opening JJB’s and the need for such an exclusive coffee shop and bakery in this area is much needed. I can see where their business plan will flourish considering the locals, tourists, and general area that they have settled on as they will more than likely have a good amount of traffic flowing through the doors of their establishment.

Both of these businessmen are well equipped with the knowledge and financial background to own and operate a small business such as Jolly’s Java and Bakery. This company can with stand being in business for longer than six months and I feel that there are not really any weakness per say in their business plan. As I am sure that there will be some competitors out there for Jolly’s Java and Bakery, there was no mention of direct competition in their local area, in fact, there was only mention of how this area was prime for this type of business.

As the owners intend on having a large selection and wide variety of coffee and pastries, I am assuming that this is for the growing need to have a variety for their customers. The Jolly’s Java and Bakery owners have produced a strong business plan prior to opening their business. It seems to me that they have plenty of background experience and can work well as partners in this venture. They both have a expertise in sales, management, and finance which makes them well rounded for this type of business venture.

They have considered what they can put into the company from their savings and what they will need to borrow in order to make their dream of Jolly’s Java and Bakery come true. They have also done their research and can back it up in their business plan when it comes down to the area and market in which they intend to sale to and in. This is a good example of how a business plan should be modeled and how to go about starting a successful business.

Examples of Students Essays

SWOT Analysis of Sainsbury’s Plc. Essay Example

SWOT Analysis of Sainsbury’s Plc. Essay

Sainsbury’s is the third largest store chain inUKand 80th placed in FTSE 100 companies with market capitalisation of ? – SWOT Analysis of Sainsbury’s Plc. Essay introduction ?? 5,457. 35 million. The essay employs SWOT analysis to assess the strengths, opportunities, weaknesses and threats in relation to its strategy and operations in the UK and international markets with reference to its retail business. The strengths and opportunities of the company should be used to neutralise the weaknesses and to develop a competitive strategy against the threats that are identified as facing the organisation.

Introduction Sainsbury’s is aUKbased company whose core operation is retail business in food and non-food products and services. The company’s portfolio of investments include property management, energy services, financial services such as banking and clothing. Sainsbury’s also runs six food colleges where they train their staff. The successful operations of the company has enabled it to be in the FTSE 100 list at position 80, making 21 million transactions weekly, on both traditional and online platforms.

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It has the seventh-largest “TU” clothing brand among other over 5000 own or improved brands of products of food and non-food items and a range of over 30000 products sold in its stores countrywide and internationally. The organisation generated ? 22943 million in the 2010/11 financial year and employs over 150000 staff in its 934 stores spread acrossUK(Sainsbury’s Annual Report, 2011). The essay will look at the strategies that the company uses in its operations and how its business environment favours or impedes it from succeeding in its objectives and goals.

SWOT analysis is a tool that is used to understand the position of an organisation in relation to its operating environment. According to Griffin(2011), SWOT analysis is particularly useful in strategy formulation, which essentially entails how the company allocates its resources in all its operations to achieve its objectives. SWOT analysis assesses strengths and opportunities that an organisation has and how it strategizes itself to overcome its weaknesses and threats in its operating environment.

Thus, the strengths and weaknesses of an organisation are internally focussed while threats and opportunities are external forces to an organisation. Regoff and Bezos (2007) noted that SWOT analysis is useful in understanding the competitive position of an organisation in the market. While the tool offers no magic wand to an organisation in succeeding in the market, it offers an opportunity to organise and understand itself in terms of strategy and resource allocation. Strengths Diversified Investments

These are identified resources or abilities of organisation that it has and are known to be successful (Brennan, 2009). Sainsbury’s has diversified individual business units that are not correlated. This enables it to minimise risks in case any one of the business units runs a loss or event that may threatens its anticipated performance (Carel, 2008). However, Jones (2008) argues that diversification in itself is not enough in minimising of risks but the choice of quality investments that are guided by insightful and informed market analysis.

IT infrastructure. The organisation recognises the importance of reaching a wider market through the affordable and wide platform of internet. Through the online checkout system, the organisation in its grocery business increased sales by 20% or 130,000 weekly orders in the financial year 2010/11. It runs a promotional strategy, Click and Collect in over 160 stores where customers buy online. The convenience store enabled the company to earn revenues exceeding ?1 billion, making it to be recognised as Convenience Retailer of the Year by Retail Award Industry. Large capital investment and wide outlet network

In 2010/11 financial year, Sainsbury’s increased its supermarket space by 15. 9% after opening 21 new stores, additional 24 extensions and a further 47 stores, which translates to 1. 5 million square feet. This enables the organisation to reach its customers fast in many areas, hence increasing market share. The company also operates store outlets inChina. Quality human resource The store chain understands the importance of human resource management and invests heavily in quality training of its staff. It has a staff training college that admits 10000 of its colleagues annually.

As a result, the organisation was gold accredited by Investors in People due to its role in improving quality of human resources. Quality staff provide superior services to customers hence increasing customer satisfaction. Opportunities Wide market The company opened stores in China, which is a fast growing economy and has huge population. Beijing, where it opened its store outlets has huge working population to provide market for the company’s wide range of products. This is in addition to the store outlets it operates in the country. With increasing supermarket space, the company reaches potential customers.

Performing economy in UK and China Food prices that have huge impact on inflation are fairly stable, ranging from 4 to 6%, a sign which indicates performance of the economy and affordability of the food commodities (Wood, 2012). ChinaandUKare second and sixth largest economies that translate to high purchasing power of customers in the respective countries. Threats Competition Competition from major companies in the business such as Tesco on price might compromise profitability and market share of the company. Carrefour, Wal-mart and Tesco have similar business operation in China (Wachman, 2010).

Prone online platform Cyber-attacks that led to significant losses in its online strategy are also potential threats to the company that has invested a lot in the infrastructure as a means of reaching a wide client base (Information Age, 2004). Computer malfunctioning also pose potential threat to the company, as was the case in 2010, which affects operational efficiency in in its store outlets (Sawer, 2010). Weaknesses Sainsbury’s being one of the oldest supermarkets, having started operations ahead of competitors like Tesco and ASDA didn’t fully exploit the opportunity to grow and maintain lead in market share.

It took long before making changes to new and promising strategies. The company had issues with inventory management and supply chain management that affected its products in 2004. The company however changed the management after suffering loss in the same year. The overcautious and slack Sainsbury’s has not done enough in investing internationally, particularly China, perhaps because it does not understand fully the trends and operating environment compared to its home competitors. According to Thompson (2012), the few retail stores it has compared to Tesco’s over 100 inChinamight “disappoint investors”.

Conclusion Although Sainsbury’s lost its top slot in 2004 after it made its first loss in 135 years, the store chain quickly rose to profitability in subsequent years due to changes it made in management and widening of its investments. The company was least affected in the 2009 financial crisis due to its diversification and ability to reach a wide client base. However, the company faces competition both at home and international markets, where competition based on prices is likely to affect its revenues.

Examples of Students Essays

The HRPM Essay Example

The HRPM Essay

In this report I will briefly summarise the human resources professional map talking about the 2 core professional areas, specialist professional areas, the bands and also the behaviours – The HRPM Essay introduction. I will then go on to talk about the activities and knowledge specified within one professional area identifying those which are most essential to my own HR role. Finally, I will outline how an HR practitioner should ensure the services they provide are timely and effective in relation to my own HR role. The HRPM

The HRPM sets out the knowledge, activities, skills and behaviours required to be effective and successful in an HR role. It is made up of 10 professional areas including 2 core areas which are Strategy, Insights & solutions and Leading HR. Regardless of your HR role you need to be competent in these two areas. It has four bands in which HR professionals of different roles/knowledge fall into. Band one is for those in a supportive/admin role. Band two is those in an advisory role and/or managing a small team. Band three is for those at a consultancy level leading a professional area.

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Those in band four will be in a managerial/leadership role of an organisation’s HR. There are 8 behaviours in the HRPM which describe how any HR professional will need to carry out their activities. These include curious, decisive thinker, skilled influencer, driven to deliver, collaborative, personally credible, courage to challenge and role model. * Comment on the activities and knowledge specified within any 1 professional area, at band 1, identifying those you consider most essential to your own HR role In terms of my HR role, the acitivies Activity 2

With reference to your own (or other identified) HR role, outline how an HR practitioner should ensure the services they provide are timely and effective. You should include: * Understanding customer needs (including examples of 3 different customers and 1 need for each, and explain how you would prioritise conflicting needs) * Effective communication (include examples of 3 different communication methods and the advantages and disadvantages of each) * Effective service delivery (include: delivering service on time, delivering service on budget, dealing with difficult customers, handling and resolving complaints)

Conclusion In summary, this report has covered the following points: * I have summarised the HRPM and * I have commented on the activities and knowledge Bibliography Harvard system unless told otherwise:- (AUTHOR LAST NAME, first name (DATE), Full Title, where published, name of publisher. All sources cited including Internet. References should be traceable – somebody reading your report may want to follow up one of your references; they must be able to find it from what you’ve written.