Fine Foods Inc. Managerial Accounting - 1713 Words

Rozet Eisavitazehkandi Case #1 Fine Foods Inc. Managerial Accounting February 11, 2016 Case 1: Fine Foods Fine Foods Inc., a company owned by Great Plains Capital, is a private equity firm rooted in the upper Midwest of the Unites States and it produces a variety of food products in a heavily competitive industry. It is recognized for its high quality and has a loyal customer based. Many of its products can be found in grocery stores or convenience shops. Fine Foods Inc. also branches out and sells frozen, refrigerated, canned, boxed, or packaged individual packets of products to fast food restaurants, for example products such as ketchup packets. To reach institutional users such as large food services they sell these similar products in bulky half gallon containers as well. Fine Foods is broken down to three Strategic Marketing Units called SMUs and each section is based on the market they service. A majority of the corporate activities are all taken care of at the same facility where the products are manufactured for all three units. A respected food scientist at Fine Foods, Kay Smith, who also happens to be the manager of Strategic Marketing Unit Two, believes that there is inaccurate product costing in her unit. She has had education on process engineering but has little accounting knowledge. She feels that the method that Fine Foods is carrying out to calculate operating profit does not reflect the true performance of her SMU, and that theShow MoreRelatedFunctional Areas2363 Words   |  10 PagesFunctional Area Interrelationships: Kudler Fine Foods Charles Burt, Megan Engelking, Lou Gamache, Rebecca Lanham, and Julie Lee University of Phoenix BUS 475 July 24, 2011 Phyllis Koch Functional Area Interrelationships This paper is based on the Kudler Fine Foods (KFF) virtual organization scenario presented in University of Phoenix Business 475 course (Apollo Group, Inc., 2009). The following topics will be covered about KFF; the main motivation for the KFF existence from analyzing theRead MoreEssay on Role of Managerial Accounting10330 Words   |  42 PagesChapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment    True / False Questions    1.  Controlling involves the coordination of daily business functions within an organization.   True  Ã‚  Ã‚  Ã‚  False    2.  Measuring the performance of managers and subunits is not an objective of managerial accounting.   True  Ã‚  Ã‚  Ã‚  False    3.  Middle-level managers would likely be considered internal users of accounting information rather than external users.   True  Ã‚  Ã‚  Ã‚  False Read MoreConagra Foods, Inc. Cag ) Research Paper2950 Words   |  12 PagesConAgra Foods, Inc (CAG) Research Paper A Project Report Presented to the Faculty of MidAmerica Nazarene University In partial fulfillment of the requirements for the degree of Masters in Business Administration By Dion J. Lewis II Professor Mary Murphy MBA 57 18 February 2014 I. Introduction For the analysis the packaged food company ConAgra Foods, Inc (CAG) was chosen. According to ConAgra 2013 Annual report, ConAgra Foods, Inc. is one of the USA’s leadingRead MoreHilton Ppt Chapter 1 Answer Key6698 Words   |  27 PagesChapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Answer Key    True / False Questions    1.  Controlling involves the coordination of daily business functions within an organization.   FALSE    AACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Bloom s: RC Difficulty: Easy Learning Objective: 01-02 Explain four fundamental managementRead MoreSyllabus6151 Words   |  25 Pagesassignment refers to Service Request SR-kf-013, Develop Requirements for Kudler Fine Foods Frequent Shopper Program. Similar to the individual assignment, please ignore the â€Å"Expected Results/Impact when completed† section of the service request and focus your answer on addressing the items listed below. A link to the Virtual Organizations can be found on the course Materials page. The Learning Team will prepare a 12-16 page paper for the complete project which will be turned in on Week 5;Read MoreCorporate Governance Benchmarking Paper6593 Words   |  27 Pagescompany serving food and beverages (MAREKTLINE, 2010). Nestle employs more than 280,000 individuals working from various countries. Nestle provides products such as beverages, nutrition, ice cream, milk products, prepared dishes, and cooking assisting tools. In addition, Nestle also provides products for animals, and pharmaceutical products (MARKETLINE, 2010). Nestlà ©Ã¢â‚¬â„¢s 2008 yearly revenue was over $100,000 million. Even though Nestle is the largest international company selling food and beverages,Read MoreTestbook Answers112756 Words   |  452 PagesScott, Financial Accounting Theory, 6th Edition Instructor’s Manual Chapter 2 Suggested Solutions to Questions and Problems 1. P.V. Ltd. Income Statement for Year 2 Accretion of discount (10% Ãâ€" 286.36) $28.64 P.V. Ltd. Balance Sheet As at Time 2 Financial Asset Cash Shareholders’ Equity $315.00 Opening balance Net income $286.36 28.64 Capital Asset Present value 0.00 $315.00 $315.00 Note that cash includes interest at 10% on opening cash balance of $150Read MoreTyson Foods5607 Words   |  23 PagesBACKGROUND During the Great Depression, Arkansas poultry farmer John Tyson supported his family by selling vegetables and poultry. In 1935, after developing a method for transporting live poultry (he installed a food-and-water trough and nailed small feed cups on a trailer), he bought 500 chickens in Arkansas and sold them in Chicago (Hoovers, 2011). 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Media Influence on the People of the Us During Ww1

Amaani Mehra AP World History Mr. Christopher Rhatigan 1st April, 2012 MEDIA BENEFITTED THE PEOPLE OF THE UNITED STATES FIRST WORLD WAR The US government used media in various ways during the First World War, to manipulate the public to support their purpose. The reason that the majority of people in the US had common views throughout the First World War was because of the media influence. When the US was under the neutrality agreement, the media helped people feel good about being neutral. However, when the time came for the US to join the war, the media suddenly changed and tried to gain public support in favor of joining the war. During the war, however, to keep the home front happy, the media had to portray the war in a†¦show more content†¦The men who didn’t sign up would feel like they were left out of the glory, as the victorious soldiers would proudly march. Even though it seems like a harsh way to make people join, the government was only thinking about the good of the public, as having a weak army would eventually fall heavy on the people. Another example of propaganda is the â€Å"Uncle Sa m† poster which was first introduced during WW1. It says â€Å"I want YOU for the U.S. Army†. This technique of propaganda made the message personal, so that when somebody looked at it, they felt that the message was personally directed towards them. The media went so far in some posters, as to portray the war as an â€Å"opportunity to explore foreign lands†, that they would otherwise, not get to see. Although some argue that some propaganda techniques were immoral and were lies to the people, this is not true. The US media never lied to the people; it only modified the truth so that the negative aspects were not shown to the people. This was all done in the best interest of the people because if the negative aspects of the war were shown, there would nobody who enlisted for the military and the US would lose the war, resulting in a negative way for the people. Also, publishing every aspect of the war for the public would lead to many split opinions and civil d isturbances. After joining the war, the United States propaganda had next to no limits. Men, Women, even children, were subjects in all propaganda techniques,Show MoreRelatedGerman Expressionism : A Trending Art Movement From 1910-1940817 Words   |  4 Pageson a few different themes: early on during Expressionism, painters rejected the old, conservative traditions and styles of art academies and instead used strong nonrealistic colors and distorted, simplified forms. This type of art was meant to surprise the viewer and evoke an emotional response. Another important theme was a strong interest in the enticing yet dehumanizing nature of the urban lifestyle. 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As defined by General Electric’s head of communications Mike Mare â€Å"Public relations involves professions working in public message shaping for the functions of communication, community relations, crisis management, customer relations, employee relations, government affairs, industry relations, investor relations, media relations, mediation, publicity, speech-writing, and

Develop Sales Plan

Question: Identify the purpose of Develop a sales plan,Train staff members on sales plan and Review sales plan? Answer: Develop a sales plan Product details Coles is one of the second largest super markets of Australia after Woolworths. The company is been looking introduce to manage the new collection of fashion rage for men in order to create niche products with its rival contemporaries. The Coles is looking to introduce the new line classy, upscale and versatile range of the chinos in the market in order to diversify its business and creates large market place for itself in Australian region. Objectives Establishing the large market share and fund appropriate niche market to satisfy the need of the consumers Provide value pricing of chinos in compare to its competitors like Zara and Gap Based upon the market growth expectations, generating healthy sales revenue in 1, 2 and 3 years Reinvesting the profits for the market share growth in the international apparel industry. Research market needs and market size Coles Plc is looking to launch a new range of clothing line called chinos for the men and women starting from the age of 18-45. Chinos are one of the most popular wearing and are currently in fashion in all over the world. Market size for the chinos in Australian market Clothing line market demand 2012 2013 Shirts 32% 30% Chinos 14% 24% Denim 31% 18% Trousers 22% 12% Active wears 18% 16% Suits 16% 11% T-shirts 24% 10% Graph1: Demand for the menswear since 2012 The market and market needs of the chinos are risings because of its comfort level and stylish. Due to globalizations the trend in fashion is changing frequently in all over the world frequently. Current market needs, customer profiles As per the above graph, it has been found that, most of the consumer are looking for comfort, quality , fashion within the value pricing which is why the Coles has found an opportunity in the means apparel market. The names of the chinos line will be obsessions and the tag line would be Men will be Men. Mens from the age of 18-45 can wear the chinos as per their comfort base. Coles will also be looking to expand its business of chinos line in UK and the EU market to target the new opportunities. Chinos growth rate Growth rate of menswear 2013 Denim 14% Chinos 12% T-shirts 9% Trousers 9% Shirts 8.34% Suits 7% Winter wear 5% Figure1: Growth rate of menswear Appropriate KPI Target market Segmentation bases Target customers segment of Fast food industry Geographic Region NSW, Northern territory , western Australia and Queens land Density Rural and Urban (14 million) Age Age 18-45 Gender Male, females and others Income High ,Low and middle income groups Occupation Employees and professionals , students Demographic Social status Working class, middle class and higher class Family size Single, nuclear, joint family Psychographic Lifestyle Moderns Occasions Regular and other Festive seasons Behavioural Benefits Price advantages and quality products under one roof. Occasions Parties , offices and normal wearing Target customer age per and income group Income group per month of consumers Market shares (%) $5000-$10,000 34.01% $10,000-$20,000 28.09% $20,000-$35000 31.03% $35000-$40,0000 19.1% $40,000-$50,000 11.08% Above 50,000 Age group Target Age group for Cloes Chinos Targeting (%) Below 16 6.02% 16-25 10.11% 25-32 41.1% 32-40 48.1% Above 40 23.3% All 38.8% Time line Activities Durations (days) Order confirmations 3 days Size break down 8 days Fabric booking 2 days Size set ready 35 days PPM 3 days Cutting 16 days Garment shade 12 days Production started (Knitting, trims and colouring) 4 days Production complete (Green labeling) 10 days Final inspections 7 days Outlet 3 month 12 days Price of the products Coles is looking for penetration pricing in order to sustain the current market trends. As the rise in the inflation population of Australia re very much concern about their spending with low price and high quality chances of booming of the sales is higher in compare to its competitors who are using price skimming or premium pricing. Place: The distribution channel for the chosen product sold by the Coles has higher chances of selling within its own stores because of the Coles has more 2.04 million customers. Its has wide network in all over the Australia as a part of grocery chain. Therefore it would be easier for the company to sell its chinos in the market. Budget Expected budget Particulars 2016 AUD $ 2017 AUD $ 2018 AUD $ Sales 655290 714,266 778550 COGS 65529 71427 77855 Gross profit 589761 642839 700695 Expenses Payroll 243000 250,290 273,712 Administrative expenses 14400 13000 9350 Marketing expenses 13761 15000 26523 Wastage 25000 25750 18440 Insurance cost 7500 7875 8269 Travel and vehicle cost 15000 16500 18150 Rent and utilities 17500 18375 19294 Miscellaneous expenses 4915 5357 5839 Payroll taxes 36450 37544 41057 Total operating cost 377526 389,690 378,768 EBDITA 21,2235 253149 321927 Taxes 80650 90811 100595 Depreciation expenses 5893 5893 5893 Interest expenses 13107 12197 11202 Net profit 112,586 148,165 164,129 Labor Amount AUD $ Total output per day 1250 Manpower 32 Working time 600 SAM 8.90 Target hour 173 (129 =60% efficiency) (86=40% efficiency) Labour productivity 39 Machine productivity 66 Line efficiency 58 Observation: Train staff members on sales plan Staff members for the chinos manufacturing Total number of staff requires for the line management is 26. The layout arrangement of the production is would e fully automated like Zara. The designer of the chinos will be designing the chinos are designed as per the current trend and creates fashionable apparels in order attract the men. Engineers and engineering technicians will be playing vital part to choose the textile which will be Crylon. The industrial and mechanical engineers will be using technology called CAD (computer assisted design software). Lastly, accounting supervisors and the mangers will be making the budget and conduct financial feasibility in order assess the projected sales and total budget. Identify support resources Human resources: Staff: most of the labour will be hired as per their expertise in the areas which helps the chinos manufacturing smoothly. The staff will be hired and the role and responsibilities will be given as per the qualifications. Staff Members Production Manager 3 Labour 22 632 Helper 15 856 Operator 19 1011 Training and development: Proper training and development given to each and every staff to manage their work and increase the efficiency for the higher productivity for the Coles. Product knowledge: The Coles will hiring the personnel form the reputed company who has expert to at least more than 15 years in the fashion industry in order to make the products more stylish and comfort. Finance: It is life bold of the any project. Coles has number of options for financings. Review sales plan Monitoring the success Sales plan Particulars 2015 2016 2017 Sales 36450 43740 50301 % Increase - 20% 15% Months 4 5 4 Sales/month 9113 8748 12575 Sales day 1302 1250 1796 From the above, it has been found that, Coles will selling the Chinos in 2015 with 36450 . this benchmark for the setting for the Coles . Less than this would create the problems for the company in future. Identify specific interest and objectives Plan Analysis Members Strategies Penetration pricings and product differentiation in terms of comfort and style Owners Tactics Strengthen the customer relationship with help of E-CRM. Promotion procedures via various activities Sales Managers Store layout Merchandising and innovative racking of the chinos Interior designer Social media Face fan page and twitter accounts along with YouTube innovative videos Sales manager Promotional strategies Expenditure (%) Social media (Face book, Twitter, and YouTube) 58.01% TV 32.02% Websites 28% Newspapers 21.03% Magazines 14.11% Offers, free discounts coupons 9.07% Graph 4: Promotional strategies (Source: Develop risk management strategies With help of Price 2 methodology, Coles will be able to manage the risk. Prince 2 methodologies will be helpful in managing risk within the company from manufacturing to selling. There is five step processes which will help in managing the risk. Major risk can be existed in the operational efficiency. Apart from that, wastage of the materials and thirdly while final is to maintain the output. Figure 2: Risk management techniques used by the Coles Develop contingency plan Contingency planning aims to prepare an organization sot respond well to an emergency and its potential humanitarian defaults or machine defaults. With the help of contingency plan, company will be able to overcome with existing operational risk. The guide start from the planning to reviewing of the project will give a company back plan if any contingency happens in future. Figure 3: Contingency plan process for the Chinos manufacturing by the Coles Contingency planning will give list off various process in each department under human resources plan in order to assess whether the people are enough capable of producing the expected production of chinos as per the consumer demand.

Product Proliferation

Product proliferation refers to a situation that arises when a specific organization markets almost similar products but introduces slight variations to increase its market share (Berman, 2010). These products are only differentiated through aspects like color, shape and product size. Product proliferation has both positive and negative effects with regard to the market.Advertising We will write a custom essay sample on Product Proliferation specifically for you for only $16.05 $11/page Learn More One of the strategies employed by companies that adopt product proliferation is a broad product line, which is perceived to translate to increased overall demand. Secondly, an extensive product line in relation to supply has been known to affect the market through increased costs. Lastly, an extended product line, especially by large scale manufacturers, mostly deters other players from joining the market. This will translate to increased prices by the incumben t firm (Barnett and Freeman, 2001). Although there is no clear-cut study that has been done to assess the three aspects given above empirically, it is crucial to mention that it has been suggested from previous studies that product proliferation strategies have no uni-dimensional explanation in relation to decision making as product proliferation has an impact on both demand (market share) and supply (price). The market outcome is determined in terms of product proliferation by competitive structural factors that influence product line decisions in a firm (Bayus, 1999). Product proliferation is used as a means to curb rivalry within an industry as competition is based on product differentiation rather than price. Product proliferation facilitates competitiveness, which is based on perceived uniqueness of the product, quality and lastly performance of the product. Some critiques argue that product proliferation has led to wastage of resources as it works well when there is a boom in the market. When a recession hits, even powerful companies experience major stability problems. This is directly linked to excessive investment costs. Most car makers churn out various models of vehicles, a practice that has led to immense competition between car makers. This has translated to increased demand for iron and aluminum which are the raw materials for the automobile manufacturing industry. To reduce cannibalization of these products, there is a need to intuitively target the changing customer needs by building a full contact through watching and questioning those creative market segment. The other aspect of minimizing cannibalization of products is by coming up with ways of out-innovating other competitors by expanding the product line.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This comes in the way manufacturers plan their innovation to incrementally change to capitalize maximally on previous developments and modern ones to absorb common parts and other components that would otherwise go to waste. The other means through which cannibalization of products by product proliferation can be reduced is by critically adopting the continuous improvement approach. Many traditional industries are known to instinctively operate within quad rum of pure quality concerning cost model, where any slight modification in design, quality or even features will translate into increased prices. Most prestigious car manufacturers have adopted this model of trade-off curve like BMW and Mercedes-Benz brands. In more than one way, product proliferation leads to wastage of economic resources Product proliferation has gained momentum with the rise of a middle-class section of the population, which is the main proponent of consumerism. This middle-class mentality is centered on getting custom-designed products that are affordable and act as a source of prestige. This is worsene d by established businesses which have a culture of demanding for private brands or labels which are mostly put in display and promotional packs. This has been made easy by the rise of globalization where products must adhere to specific requirements such as labels that are translated in different languages. Other negative aspects arise with product proliferation. For instance, due to its dynamism, it is practically impossible to manage product proliferation. In recent times, most of the large scale manufacturers have resulted in pruning their products rather than coming up with new ones. What this means to those manufacturers coming into the market is that they cannot compete as the veteran companies will determine the prices of products that are offered in a particular industry. This is made complex by the unpredictable change of the landscape of consumer demands. As new consumer demand rise so will the companies attempt to meet these demands and maintain the existing market share . Measures Associated With Product Proliferation Capacity Control Capacity control emanates from industry players producing too much output to caution against making tremendous losses, and manufacturers result from cutting on prices. Other players respond similarly and reduce their prices causing a price war. Although excessive production may result from too much output from manufacturers other factors like a shortfall in demand due to a recession may also cause excessive output in the market. Paradoxically, the effort of each industry players to outperform the other results in overcapacity which bites them all.Advertising We will write a custom essay sample on Product Proliferation specifically for you for only $16.05 $11/page Learn More Design as a Strategy Design as a strategy has been adopted as a means towards enhancing product proliferation in a market; one of the latest companies to take this strategy is Thomson Consumer Electronics (TCE). The co mpany is a manufacturer of different brands of TV sets. As noted by Aguirregabiria and Mira, (2007), design as a strategy entails aspects such as the product’s feel, look, touch, and ergonomics. For many manufacturers, the design is not merely cosmetics add-ons, but a corporate identity that separates them from other manufacturers. A company’s product design is synonymous with the quality of the product. The design has been used by various companies like house furnishing where it acts as the company label or the brand. Design goes beyond styling. It conveys quality and also improves margins. There are various enhancements that design puts on a product. One is the aesthetic quality which causes appeal of a product; the design also increases the safety of a product making it pleasing to touch and use. Thirdly, the design ensures a product is easy to operate, clean, handle and install. The most crucial aspect of the design is that it should be economical to manufacture an d also recycle (Aguirregabiria and Mira, 2007). Innovation as a Strategy Innovation serves as the basis for product proliferation as it curves a niche for a company and places it as a guru in industrial breakthrough. Some of the companies that have come up with unique innovations in recent times include companies such as Apple which came up with the icon-based personal computer; Michelin came up with its radial tire, Pilkington which also came up with the floating glass process. All these innovations have placed their companies in great heights. Innovation as a strategy is challenging to maintain and thus very risky. Most companies see innovation as not a sustainable competitive strategy. This has translated to increased product proliferation as there are no new products, but the only modification of the previous inventions. It is critical to mention that the period sustained by new design roughly translates to how fruitful one’s venture will be in the form of profit as the m arket becomes an oligopoly. This consistency of being always on the lead ensures a loyal customer base. Innovation in product proliferation takes two distinctive approaches, either by nature and trust, where innovation trickles from management downwards, or it may be characterized by innovation rising from bottom-up. The bottom-up approach originates from the workers, and their suggestions are passed through the organizational hierarchy to the management.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This approach has been hailed by Bayus and Putsis (1999) as it promotes ownership of the innovation which further translates to success as far as market penetration and future product success is concerned. This means that innovation is spontaneous throughout the organization. Service as a Strategy Lastly, in product proliferation, service as a strategy translates to how much a company will succeed than the other. Most manufacturers do not consider service as being important. Generally, it is the product that receives much attention since it’s a source of competitive advantage. Service, on the other hand, is seen as a necessity that is incurred, rather than an added value. In product proliferation, there is an immense need to have an efficient and sufficient service delivery since there are various similar products in the offing. It is estimated that companies lose 15-20% of their customers on an annual basis. Now for a market that is oversupplied, there is a need to keep a st rong customer base, and this can only be achieved through customer satisfaction. Swift and effective handling of complains and inquiries together with friendly customer approach will always keep customers coming back. Reference List Aguirregabiria, V. and Mira, P. 2007. Sequential Estimation of Dynamic Discrete Games. Econometrica, 75 (1) Pp.1–53. Web. Barnett, W., P., and Freeman, J. 2001. Too Much of a Good Thing? Product Proliferation and Organizational Failure. Organization Science. 12(5). Pp. 539-558. Web. Bayus, B., L., and Putsis, W., P. 1999. Product Proliferation: An Empirical Analysis of Product Line Determinants and Market Outcomes. Marketing Science. 18(2) Pp. 137–153. Web. Berman, B. 2010. Products, Products Everywhere: Do companies really need to sell so many varieties of similar goods? No. Wall Street Journal. Issue. Web. This essay on Product Proliferation was written and submitted by user Genevieve W. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Product Proliferation

Strange Fruit Music and Social Consciousness

Strange Fruit Music and Social Consciousness The movie under consideration is the Strange Fruit directed by Kyle Schickner which aims to show people the social problems and their arousal by means of the appearance of one song, from the day of its creation up to the day of its release in public which has managed to make an outburst of public opinion and antiracial movement.Advertising We will write a custom essay sample on Strange Fruit’ Music and Social Consciousness specifically for you for only $16.05 $11/page Learn More Watching the movie from the first up to the last scene, you understand that the song has managed to raise social opinion and the historic facts cannot be changed, but the movie is directed in such a way that each time one is worried about the outcome. The movie is psychological as well as historic and the struggle against discrimination has always been a priority for some people, but n0o one believed that a simple song can impact the society in the way it did. As for me, it wa s difficult to watch the movie as being psychological drama it made me worry about each of the characters, especially those who were subjected to lynching and discrimination. At the same time, I was impressed with the history of the song creation and how one single performance can change the attitude of the whole society to the problem. Even though the movie shows the history of the son and its creation, the main idea is deeper. The movie is devoted to the social illness and points at one of the solutions which may be taken for solving the issue which is in the air, but people are afraid of talking about it referencing to the fear and social prejudices. The main idea of the Angela Davis’ essay â€Å"‘Strange Fruit’ Music and Social Consciousness† is to show the society how one particular song may become the icon for the whole nation, how one particular idea may help people understand that it is important to resist lynching, racial discrimination and other specific biased attitude in relation to some particular classes of people. â€Å"She could not have predicted that â€Å"Strange Fruit† would impel people to discover within themselves a previously unawakened calling to political activism, but it did, and it does. She could not have foreseen the catalytic role her song would play in rejuvenating the tradition of protest and resistance in African-American and American traditions of popular music and culture† (Davis 196) is the quote which shows that the singer song this song to entertain people and could not even expect that others would feel the same as she did, the desire to act against those who believe that lynching and discrimination are the normal actions in the society;Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More it describes the meaning of the song and perfectly summarizes the main idea of the Angela Davis†™ essay â€Å"‘Strange Fruit’ Music and Social Consciousness† as it points at the problems which the quote arises and at the same time considers the relation of the singer to the song, particularly the unexpected success of the song in the context is appeared; it is obvious that the song raises the problems of discrimination and it is important to remember that the presence of such films inspire other people for creating something new, such as the movie Strange Fruit also aimed at increasing the social concern about the problems of lynching, cultural and racial discrimination and the attitude of the society to the problems. Davis, Angela. â€Å"‘Strange Fruit’ Music and Social Consciousness.† Blues Legacies and Black Feminism. Ed. Angela Davis. New York: Pantheon Books, 1998. Print.

Nike and International Labor Practices Case Study

Nike and International Labor Practices - Case Study Example Nike experienced some problems in the 1990s with respect to their labor policies primarily in Indonesia and China. Unions and NGOs accused them of paying wages that were insufficient for subsistence and using child labor. Activists continued to press Nike for action to resolve the labor disputes, but Nike refused to take responsibility. An onslaught of bad publicity resulted in falling sales, plummeting income, and reduced stock value. In 1998, after Nike revenue fell, they began to accept the responsibility for the contractors in their outsourced business model. The financial cost to Nike has been estimated at $400 million for failing to address the issue promptly. Nike is secure in its market sector for the near term. There are only a few companies that can match Nike's ability to advertise and market their product. They have the largest market share and even a merger between number 2 and 3 could not exceed them. Adidas-Reebok and New Balance combined still come in behind Nike. New entrants are not likely to take on these formidable competitors. The large market share that Nike enjoys is also a challenge for them. They can not grow through increased market share. For the near future, they are forced to enter new international markets to sustain the levels of growth they have seen in the last 3 years. Markets in China and India are their primary targets and they have made some progress there. India has contributed substantially to their revenue and they have gained the sponsorship of the Beijing Olympics. Nike has considerable brand recognition and customer loyalty. They have made use of leading sports figures to market their products with great success. Their well-known logo, the 'Swoosh', is easily one of the most recognized symbols in marketing. In concert with their strong financial position Nike is well positioned. However, they must continue to be vigilant to avert the public relations disaster of the past. Nike should be a world leader in the movement in international worker's rights movements. Their recent recovery indicates they have the confidence and the support of the market when they take action to correct the faults of the past. However, they will be subject to public scrutiny. They need to be pro-active at correcting and improving their image with the public through community charity programs. With their market position, their history of innovative marketing, and their ability to set trends they should be well positioned to overcome any damage that their reputation has suffered. CASE ANALYSIS Throughout the 1990s, Nike was repeatedly accused of violating fair labor practices through their affiliation with international contractors. Nike consistently denied any wrongdoing and contended that any violations were the fault of the contractor and not Nike. Several groups formed alliances to come to the aid of the workers primarily in Indonesia and China. These groups came from international rights groups, competitors, US activists, students, and possibly even the Indonesian government. International watchdogs accused Nike of failing to pay an adequate wage. They allied with religious groups on ethical grounds. As early as 1991 the Asian American Free Labor Association (AAFLI) and the Institut Technology Bandug (ITB) had published reports critical of corporate practices in Indonesia (Spar 153-154). They had an international responsibility to bring these issues to light and

Jeff Bezos, Amazon.com Research Paper Example | Topics and Well Written Essays - 1250 words

Jeff Bezos, Amazon.com - Research Paper Example The research paper "Jeff Bezos, Amazon.com" talks about the path of Jeff Bezos who has established the Amazon in 1994, and what great decisions brought this company to the current success. Jeff Bezos underlines in his interviews that he is a really happy person and he says that it is necessary to be an optimistic person otherwise no positive results are reached. The risk is a controversial issue for Bezos. He claims that to found an enterprise is a rather risky activity and the largest risks should be eliminated at once. To be an entrepreneur is to have an appropriate mind for it otherwise it is very difficult to solve different problems and to make different solutions. Bezos tells that he has learned the importance of self-reliance from his early childhood. His grandfather told him that it was necessary to rely on oneself and support oneself by one’s own methods and strategies. There is no one around but you to fix a current breakage or to solve a current problem. A constant search for new opportunities is a perfect perspective for solving potential challenges or business hazards. Jeff Bezos demonstrates his flexible management nature and his ability to adapt new strategies of leadership and management. When Amazon had to deal with financial challenges of the Company in 2002, it should have dealt with more than $3 billion operating losses. With respect to the experienced challenges and losses of the Company, it is possible to outline the key elements of the Amazon’s business model.... Risk is a controversial issue for Bezos. He claims that to found an enterprise is rather risky activity and the largest risks should be eliminated at once. To be an entrepreneur is to have appropriate mind for it otherwise it is very difficult to solve different problems and to make different solutions. Bezos tells that he has learnt the importance of self-reliance from his early childhood. Thus, his grandfather told him that it was necessary to rely on oneself and support oneself by one’s own methods and strategies. There is no one around but you to fix a current breakage or to solve a current problem. Moreover, it is relevant to work with an open and a creative mind. A constant search for new opportunities is a perfect perspective for solving potential challenges or business hazards. Jeff Bezos demonstrates his flexible management nature and his ability to adapt new strategies of leadership and management. When Amazon had to deal with financial challenges of the Company in 2 002, it should have dealt with more than $3 billion operating losses. Therefore, with respect to the experienced challenges and losses of the Company it is possible to outline the key elements of the Amazon’s business model. The superiority of Amazon in the online market cannot be denied, because Internet was not captured by large book sellers till 1994. Brand establishment of the Company was dependant on advertising. Moreover, a spirit of community is evident on the Web site of Amazon (Isckia 2009, p. 334). The Company publishes different reviews of the customers and provides other interested persons with reliable reactions of other readers. Tastes of their customers are reviewed and the Company is able to