Hurt Love Quotes

Hurt Love Quotes At the point when a heart breaks, it shouts out in torment. You may not hear an audibleâ cry, yet the quiet is stunning. Disloyalty is a harsh pill. The harshness waits, smothering out bliss and harmony. Have you been harmed in adoration? Did you experience a terrible separation or selling out? Do you feel disliked? You are not the only one. Numerous individuals have encountered awful catastrophe. Many consume their whole time on earth nursing the injury, and never setting out to adore again. Individuals who were sold out are careful about connections. They avoid duty and friendship. Devastated sweethearts fabricate an impervious shell around themselves. They long for genuine affection yet would prefer not to face a challenge. This negative methodology leaves them forlorn. The energy discovers its vent in different manners. Some turn obsessive worker; others discover comfort in different types of fixation. By all accounts, they may seem typical, yet somewhere inside they are harming. Things being what they are, how would you repair a wrecked heart? How would you ricochet again from a messed up relationship? Is it conceivable to discover love? Actually broken hearts can be retouched. It relies upon your demeanor. In the event that you permit the hurt to influence your mind, the harm can be unsalvageable. In any case, in the event that you keep the hurt from harming your soul, you can bob back. It is significant that you pardon yourself, and acknowledge the separation as a significant achievement. Value the awesome recollections and proceed onward. Life has a lot of superb open doors available. You can use those open doors just on the off chance that you decide to proceed onward. Think back with affection, not with lament. Dont worry about the concern of regret in your heart. On the off chance that you can perceive the signs of hurt, you can recuperate rapidly. Hurt regularly shows itself in rage. In Vanna Bontas words, Anger is an injury gone frantic. She appropriately associated hurt with uncontrolled annoyance. In the event that you value the insight in her words, you can check your resentment. Statements for a Hurting Heart To help adapt to hurt, here are some harmed love cites. While a portion of the statements urge you to get the strings and start over again, others help facilitate the agony. T. E. KalemA last solace that is little, however not cold: The heart is the main broken instrument that works. Steve MaraboliA broken heart drains tears. Vanna BontaAnger is an injury gone frantic. Christina Georgina RossettiBetter by a long shot you ought to overlook and grin than that you ought to recollect and be miserable. Dennis BrownCertain tunes by hearing the beat, it discloses to you that is either an adoration tune or you may be sorrowful or the tunes give you the vibes and you simply realize that specific tunes are activist that you need to compose. Jennifer AnistonThe more noteworthy your ability to cherish, the more prominent your ability to feel the torment. Kahlil GibranThe quietness that watches the burial place doesn't uncover Gods mystery in the indefinite quality of the final resting place, and the stirring of the branches whose roots suck the bodys components don't tell the puzzles of the grave, by the anguished murmurs of my heart report to the living the dramatization which love, magnificence, and passing have performed. Amanda Howells, The Summer of Skinny DippingThe surest approach to hurt yourself is to abandon love, since it didnt work out the first run through. OshoThis torment isn't to make you dismal, recall. That is the place individuals continue missing. This agony is simply to make you progressively alert since individuals become alert just when the bolt dives deep into their heart and wounds them. Else they dont become alert. When life is simple, agreeable, helpful, what difference does it make? Who tries to perk up? At the point when a companion bites the dust, there is a chance. At the point when your lady disregards you those dim evenings, you are desolate. You have cherished that lady so much and you have marked all, and afterward out of nowhere one day she is no more. Crying in your forlornness, those are the events when, on the off chance that you use them, you can get mindful. The bolt is harming: it tends to be utilized. The torment isn't to make you hopeless, the agony is to make you increasingly mindful! What's more, when you know, wretchedness vanishes. Holly BlackThose who truly love you dont intend to hurt you and on the off chance that they do, you cannot recognize it easily yet it harms them as well. Mary Manin MorrisseyWe face a challenge when we open our hearts in light of the fact that in all actuality, on the off chance that we open our hearts, we will get injured. You cannot open your heart and not have some harmed in light of the fact that youre in a human encounter. Regardless of whether its the affection for your life and you have numerous awesome, developing, developing, amazing years together, its a human encounter and that individual will disregard. Love takes boldness. Be bold. Marian Keyes, The Other Side of the StoryWhy cant we love the opportune individuals? What is so amiss with us that we race into circumstances to which we are plainly unsuited, which will harmed us and others? For what reason would we say we are given feelings which we can't control and which move in precise logical inconsistency to what we truly need? we are strolling clashes, inside fights on legs. Britney SpearsWith love, you ought to feel free to face the challenge of getting injured, on the grounds that affection is a stunning inclination. Algernon Charles SwinburneYet leave me not; yet, on the off chance that thou shrink, be free;/Love me no more, yet love my affection for thee. JavanLove can now and then be enchantment. However, enchantment can some of the time simply be a hallucination. Michael ToddLove harms more than despise. Anais NinLove never kicks the bucket a characteristic demise. It kicks the bucket since we dont realize how to recharge its source. It passes on of visual impairment and blunders and disloyalties. It passes on of disease and wounds; it bites the dust of exhaustion, of wilting, of discoloring. Ashleigh BrilliantThe distinction among companionship and love is the amount you can sting one another. Uniek SwainThe fire of affection is currently only a chilly forlornness. William W. PurkeyYouve gotta move like theres no one watching, Love like youll never be harmed, Sing like theres no one tuning in, And live like its paradise on earth.

Strategic Change Management KPMG Company

Official Summary Strategic Change Management has become a key job of the administration. Different business associations have come to welcome the requirement for change and have planned different techniques and approaches of overseeing change. KPMG is one such association. It has brought down on the administration that the market rivalry expects one to grasp change and guarantee that it is innovative so as to be in a situation to oversee advertise competition.Advertising We will compose a custom contextual analysis test on Strategic Change Management KPMG Company explicitly for you for just $16.05 $11/page Learn More The firm has acquired all the partners into one network and each given its task to carry out during the time spent change the executives and usage techniques. The model that this firm would use in actualizing change is Kurt Lewin Model of unfreeze, change and afterward freeze. Worth based association is the way to deal with screen the execution of progress. The methodolo gies must be actualized inside proper time to yield great outcomes. Presentation Change is one of the most significant elements that an association must contemplate when drawing their key objectives and goals. Dumb (2009, p. 37) basically says that Change is consistent. This announcement is captivating yet it is the best meaning of progress from a philosophical perspective. Change and consistent are two boundaries under an ordinary word reference definition. Be that as it may, from an expository point of view, change is consistent. This researcher contends that change brings the same old thing. It just upgrades what is as of now in presence. McCarthy and Eastman (2010, p. 23) state, â€Å"The larger reason for change the executives is to quicken the speed at which individuals move effectively through the change procedure with the goal that foreseen benefits are accomplished faster.† As such, change ought not be seen as a move based on what is the standard. The main issue is t hat it brings new approachs of giving the day by day exercises. In his book, The Rise and Fall of Strategic Planning, Henry Mintzberg (1994), the previous pioneer of the Strategic Management Society, denounced himself as well as other people for their blind adherence to the key gauge practice. His debate rests with the investigation of the legitimate, logical clarification to what's to come. He shows how arranging can suffocate commitment, contract an organization’s dream, make change unfeasible, and lead to the politicization of an association. His point depends on the rule that â€Å"†¦ examination isn't blend [and therefore], key arranging isn't methodology formulation† (p. 321). As indicated by this researcher, numerous chiefs would concur that change is one of the characterizing outside variables that have enormous effect on the association. The administration is constantly confronted with different components that would request change in the organization.Adv ertising Looking for contextual analysis on business financial aspects? How about we check whether we can support you! Get your first paper with 15% OFF Learn More As a beginning stage, Griffin (2000) arranges the word the executives as: â€Å"A set of exercises (counting arranging and dynamic, sorting out, driving, and controlling) coordinated at an organization’s assets (human, budgetary, physical, and educational) with the point of accomplishing hierarchical objectives in a proficient and compelling manner† (p. 6). In the definition, a few key ideas are utilized. Chief, it is appreciated that administration applies â€Å"uniformly to open, private, charitable, and strict organizations.† Murphy (2002) was of the view that â€Å"†¦ the executives is a hierarchical wonder and not select to the universe of benefit organizations† (p. 7). KPMG is one of the main counseling firms on the planet. This American firm has developed and it as of now covers a f ew nations in North and South America, Asia, Europe and Africa. The ongoing section into Africa, which is considered as the developing markets, and a few pieces of Asia, was persuaded by the expanding requirement for counseling firms the same number of the organizations in these locales required direction in a market that has progressively gotten serious. Change is one of the significant reasons that are making firms in the corporate world look for direction. KPMG as a firm has change as one of the variables it needs to manage so as to guarantee that it stays important in this industry. It must be in a situation to show to the corporate world that it is the ace of what it educates. Vital change the board to KPMG isn't only essential to exhibit to others its ability, yet in addition to assist it with beating the market rivalry and increment its piece of the overall industry both at home and worldwide markets. The requirement for key change the board at KPMG has been fanned by the cap riciousness of the market. The market is so eccentrically and change is the specialist for this. Along these lines, the administration of KPMG has come to understand that it may not be in a situation to make due in this market on the off chance that it neglects to embrace changes that are achieved by the natural powers. Partners of KPMG who are Involved in Change Management DeAnne, Gary, Hyde, and Tipping, (2004, p. 1) note, â€Å"Any change of essentialness will make individuals issues.† KPMG is an American firm that was a perfection of a merger of various counseling firms in 1987. These organizations converged upon the acknowledgment of the way that they had a shared objective, which could best be accomplished by meeting up as a unit. Partners of this firm are the operators of change.Advertising We will compose a custom contextual investigation test on Strategic Change Management KPMG Company explicitly for you for just $16.05 $11/page Learn More Their situations in the fir m would characterize their job in the vital change the board inside this firm. In a given firm, for example, KPMG, there are constantly three classes of individuals with regards to change the executives. The main classification is the initiators of progress. These people would concoct inventive thoughts of how to move toward certain issues inside the firm that would bring about change. The subsequent gathering is the implementers of progress. They take guidance on the change techniques as characterized by the initiators. This researcher characterizes the last gathering in as â€Å"the beneficiaries of change.† This gathering has no job in the commencement or usage of progress. Notwithstanding, they feel the impact of progress, either decidedly or contrarily relying upon the overarching conditions. KPMG has all the three classes of individuals among its partners. The partners of this firm in the previously mentioned gatherings can be broke down as adherents. Initiators of Chan ge These individuals are the specialists of progress. They think of innovative thoughts that can be changed into new techniques. A portion of the initiators of progress at KPMG are the accompanying classes of office holders. The Top Management The top administration of KPMG has the greatest task to carry out in the vital change the board. Goolnik (2006, p. 10) sees that, â€Å"a clear vision ought to be set up at the most senior level(s) with the goal that staff can increase comprehension of why change is significant and necessary.† They are the most significant people in the firm in undoubtedly. They are relied upon to comprehend the overarching market powers and decide when change might be required in the association. They are in a superior situation to see a portion of the changing strategies in the outer business condition of this firm and start the equivalent inside the firm. As Wilson (1992, p. 14) notes, it isn't vital that each change that a firm executes must be uniq ue to it. A firm may get a few changes from different firms that have effectively actualized them. The top administration of this firm consequently has the job of distinguishing these new methodologies and starting their execution inside the firm. They are consequently the primary initiators of progress. The Human Resource Management has the best task to carry out in such manner. Present day Human Resource Management (HRM) is drastically not the same as the human relations development during the 1920s or from the staff the executives rehearsed decades prior (Carell, Elbert, Hatfield, 1995, p. 12). Today HRM is utilized to allude to the way of thinking, arrangements, systems, and practices identified with the administration of individuals inside an association (French, 1998). French proceeds by expressing that: It is presently commonly acknowledged that HR the executives envelops a dynamic, association wide viewpoint that is activity situated and dependent on hypothesis and research from numerous orders and is fundamentally interrelated with key arranging. Increasingly more it is perceived that HRM must be a vital piece of the key arranging of the top official group of the association (p. 5).Advertising Searching for contextual investigation on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Find out More Innovative work Unit This is the most significant unit with regards to inventiveness and creativity of the firm. They have the duty of examining the business condition and understanding the powers that are winning in the market. They at that point would figure out which of the systems would best suite the firm in overseeing market rivalry. They are relied upon to concoct inventive thoughts of how KPMG as a counseling firm can contact its clients with better administrations in the undeniably serious business condition. They would prompt the top administration as needs be on how the firm should move toward vital change the board issues. General Employees General workers of KPMG are additionally significant specialists of progress. KPMG has been quick to permit all the colleagues, regardless of the position they hold, to add to factors that influence the organization

Animal Rights Essay Topics - Writing For The Issue

Animal Rights Essay Topics - Writing For The IssueIt is great to be on the receiving end of an animal rights essay topic. You are given an opportunity to write a powerful, humorous, heartfelt, creative essay about animal rights. You will gain great pleasure and satisfaction from writing a strong essay that can make a positive difference in the lives of many.Animal rights essay topics are wonderful for students because they can learn from such an intellectual and thoughtful topic. In addition, animals have a tendency to be maligned. People often say things about them that are untrue.Some people have the tendency to think that they are not worth much because they are creatures of the earth. Others do not realize that people have inherent rights that go way beyond the rights of property. Still others are ignorant of the reasons that people create life. The truth is that people have a right to eat and that they also have a right to live and to exist.To be successful at essay topics about animal rights, you must understand what is needed to educate the masses on how to help animals. The world needs to know why it is okay to use animal products in our society and what can be done to ensure that these products are given proper consideration and that people take responsibility for their actions.There are ways to begin to change the way people see animal products. If you are just beginning to learn about the issue, then you need to understand that it is never too late to try to make a difference. You can begin with small steps and make a difference in the lives of many.Animal rights essay topics are very popular because they can help you build a reputation as someone who cares about the plight of animals. They are also effective because they force people to rethink the way they treat animals. It is important that you develop good writing skills and practice taking initiative.Animal rights essay topics have the potential to change your life. The ability to speak out and give your opinions is important. You are encouraged to voice your opinions and ask questions. If you feel that you need assistance, you should contact your local library or book store for guidance.A lot of time and effort goes into creating essay topics. You can make a difference by helping people understand the importance of animal rights. You are encouraged to participate in many classes and seminars as well as group discussions to learn more about the issues and the ways to make a difference.

Managing in Social Change Free Essay Example, 1750 words

Informing the people will involve telling them way before the change process has been started. This will aid them to come to terms with the change and to also have the chance to forward any issue they may be having (Judge Bal, 1996). Informing will have to have two phases. The first phase is informing the people that there is a change process that is imminent. This will prepare them psychologically and will also help them to accept the change process slowly. After information, the people about the change process about to happen, the second phase is to try to inform the same people about the importance of the change process. This is beneficial because it plays a number of roles in the change management processes. Informing people about the importance of the change process will be able to erase any fear that the change process is designed to harass them. Once they understand the need to transform, they are highly likely to accept the change and even help with the change process. It i s crucial that the people understand the need for change because somehow they will be part of implementing the change and this will aid them to be able to have a useful role in helping with the change process. We will write a custom essay sample on Managing in Social Change or any topic specifically for you Only $17.96 $11.86/page Informing people about the importance of change will act as a way to reduce the resistance to change and help in making sure that each of the people will contribute positively to the process of change. Once every person understands the necessity of change, the change process will be easily managed because people will have one purpose, which is to make the change process a success. Information acts as the grease that lubricates the gears of change and, therefore, the more of it the better for the change process.

Goals of Healthcare Administration Essay - 769 Words

Health care administration is a professional challenging environment with some of the most critical issues and problems in our society. Health care administration combines my knowledge and experience in business and health care. My accomplishments are a result of my ability to assess situations, generate a plan of action, and work the plan. Following is my plan of action for my career in health care: Short-term career goals  · Attain a fellowship that will provide an excellent comprehensive education/training in health care management  · Develop and enhance a philosophy, code of ethics and set of values that will inspire dedication to excellence in the health care industry  · Observe executive leadership at the highest level of the†¦show more content†¦Above the requirement of my master’s degree program to complete an administrative residency for a period of 9 to 12 months, my decision to pursue a fellowship at a hospital was based on the educational and professional opportunities the program provides. The practical experience and exposure across the organization will truly lay the groundwork for a successful career and bridge the gap between academic theory and technology and practical application. Leadership is an applied skill, but too often, it is left to chance as something to be picked up on the job. Progressing as a successfully leader requires more. The fellowship will provide opportunities to develop and strengthen my leadership skills, which will maximize my level of contribution in a permanent entry-level position and increase my marketability significantly. The rotations through the hospital entities and the integration into the daily activities of management will provide countless learning opportunities and exposure to various types of leadership and management skills and form a strong mentor relationship. It will provide an opportunity to gain a comprehensive, high-level view of the entire organization while simultaneously gaining in-depth understanding and experience in specific areas of most interest. Having theShow MoreRelatedHealth Care Administration1652 Words   |  7 PagesHealth Care Administration Health care administrators have wide-ranging influence within the world of medicine. 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Financial Analysis of Nokia Free Essays

Introduction of Nokia Nokia, one of the leading brands in mobile phones, was started by a mining engineer, Fredrik Idestam, in 1865 by making paper from wood pulp mill; a second paper mill was built on Nokianvirta river that gave birth to the present name of this company-Nokia. The company then started different business and mergers and then finally started mobiles business in 1968. Its head office is in Espoo, Finland and currently has almost 132,000 employees worldwide. We will write a custom essay sample on Financial Analysis of Nokia or any similar topic only for you Order Now Its main products (mobile phones, smartphones, mobile computers, Networks) and services (Maps Navigation, media software solutions, music, messaging) are in the field of Telecommunication, Internet computer software. Nokia is selling its products to almost 150 countries globally with annual revenue of over 42 billion euro with 2 billion operating profits and global market share of nearly 35% in 2010. (nokia.com) Nokia did many innovations and has credit to be the world’s No 1. in many of its products and services e.g. world’s first portable NMT car telephone (Nordic Mobile Telephone-NMT) built by Nokia, GSM call, Nokia Tunes, satellite call, brings Internet on mobile. It introduces First 3g Phone, digital hand portable phones supporting data, fax and the Short Message Service, integrated wireless payphone, dual mode AMPS/TDMA phone, high-speed data terminal for wireless networks, WAP handset, introduced the industry first multimedia messaging solution, first 3GPP compliant WCDMA/GSM dual mode phone, first TDMA handsets with full-color displays, mobile handset with a 4GB hard disk which can store up to 3000 tracks, Nokia N95 was the world’s first device combining GPS and wireless broadband (HSDPA/WLAN). From January 2010, high-end car and pedestrian navigation is available for free on Nokia smartphones. (Zacks research, 2011) One can imagine its success and popularity from the fact that till 2005, 2 billion mobiles were sold worldwide and Nokia alone sold its billionth phone in that year. According to Nokia Corporation, ‘Nokia’s story continues with 3G, mobile multiplayer gaming, multimedia devices and a look to the future†¦Ã¢â‚¬â„¢ (nokia.com) and â€Å"Nokia’s mission is simple; Connecting People. Our strategic intent is to build great mobile products. Our job is to enable billions of people everywhere to get more of life’s opportunities through mobile.† (nokia.com) Currently, with the invention of many smart android phones, Nokia is facing stiff competition in mobiles market as its sales figures are moving downward. But they are now making changes in their structure and operations that is depicted by their statement, â€Å"Nokia has recently outlined its new strategic direction, including changes in leadership and operational structure to accelerate the company’s speed of execution in a dynamic competitive environment.† (nokia.com) Critical Discussion of Recent Past Performance – Financial Ratio Analysis Financial analysis helps in establishing a relation between various financial statements’ elements which can then be compared with other information about the business. This also determines the future prospects of the company and the area that needs improvement. The basic purpose is to analyze the current financial position performance of the company according to which a judgement can be made regarding future performance of the business. (Dyson. J.R, 2007) Financial analysis from the point of view of an investor is mostly concerned with the profitability of the company and also the returns what the company pay to their stock holders in the form of dividends and/or right shares and increase in the stock value. (CIMA, 2000) One has to look carefully to the annual accounts of the company and the yearly growth trend in terms of revenues, profit and its market share. For the analysis purpose, consolidated accounts of Nokia i.e. Income Statement, Balance Sheet, Cash Flow Statement for the last four years from 2007 to 2010 is taken into account and theses figures obtained from the company’s website are given below: Consolidated Income Statement of Nokia for the Year Ended (EURm) 2007 2008 2009 2010 Net Sales/ Revenues51,058 50,710 40,984 42,446 Cost of Sales33,781 33,337 27,720 29,629 Gross Profit 17,277 17,373 13,264 12,817 Res Dev5,6365,9685,909 5,288 Sell Ad Exp 5,5445,6645,0784,529 Other Inc2,312 420338 507 Other Exp424 1,195 51056 Op Profit7,9854,9661,1972,070 Profit Bef Tax 8,2684,970 962 1,786 Tax1,5221,081 702 443 Net Profit 6,7463,889 260 1,343 (nokia.com) From this income statement, it is observed that Sales are having a decreasing trend from 2007 to 2009 but shows a slightly increase in 2010 and cost of sales, operating profit, earnings per share and the net profit has also the same trends. It means that profitability of Nokia was much better in 2007 that is 6.7 billion euro as compared to 260 million euro in 2009, but it again shows signs of improvement in 2010 and net profit become 1.3 billion euro. Consolidated Balance Sheet of Nokia for the Year Ended (EURm) 2007 2008 2009 2010 Assets Cash Eqv 11,992 7,8549,20212,653 A/Rec 11,356 9,5457,9957,609 Inventory 2,8762,5331,8652,523 Other C/A 3,0704,4444,5514,360 Tot C/A 29,294 24,470 23,613 27,145 Plant PE 1,7581,9851,8221,856 Goodwill1,3846,2575,1715,723 Tot Assets 37,599 39,582 35,738 39,123 Liabilities A/Pay 7,0745,2254,9506,101 Tot C/L 18,976 20,355 15,188 17,540 Oth/L 1,2852,7175,8015,352 Tot/Liab 20,261 23,072 20,989 22,892 Equity 17,338 16,510 14,749 16,231 Tot Lib Eq 37,599 39,582 35,738 39,123 (nokia.com) The balance sheet gives an idea to investor that how much business is invested by the shareholder’s equity and how much debt is owed. (Dyson. J.R, 2007) It is depicted from these balance sheets of Nokia that approximately 45% business is financed by the equity in 2007 but for the next three years this figure is reduced to around 41%. This shows that company owes more in 2010 as compared to 2007 and its financial position was much better in 2007 compared with 2010. Consolidated Cash Flow Statements of Nokia for the Year Ended (EURm) 2007 2008 2009 2010 Net Income 6,7463,889 260 1,343 Depreciation 1,2061,6171,7841,771 Cash from Op Act7,8823,1973,2474,774 Cash from Invest -710-2,905 -2,148 -2,421 Cash from Finance-3,832 -1,545 -696 -911 Net Change in Cash 3,325-1,302378 1,666 (nokia.com) The analysis of Cash flow statement gives true information about profit of a company as it relies on real cash transactions. Income statement can sometime mislead because of insufficient cash flows figures showing on the statement. Investors are mostly interested in cash flow statements before making decision to have a clear picture of the company’s cash transactions. The company’s with plenty of cash availability mostly have fewer problems for expansions or investments for growth, paying off debts or to buy back their own stocks. This cash flow statement shows that Nokia has good position as regard to the cash flow during the year 2007, but it comes to negative figure in 2008 because of losses from investments and finances, but it recovers again in 2009 and makes good progress in 2010. It overall shows that although Nokia had a hard time in 2008 but it picked up again in the subsequent years. Financial Ratios Some financial ratios are calculated as regard to profitability, asset turnover, short term and long term liquidity ratios based on the figures outlined in the Income Statement and balance sheets given above for four years from 2007 to 2010. These ratios and their explanations are given as under: Profitability Ratios: Gross Profit Margin 33.84%34.26%32.36%30.20% Op Profit Margin 16.19%9.80% 2.34% 4.21% Net Profit Margin 13.24%7.63% 0.63% 3.21% Profitability ratios compare components of income with sales and provide an idea of what makes a business’s income and is expressed as a portion of each sales unit i.e. euro in case of Nokia. These profit margin ratios are different only in terms of numerators and reflect and evaluate performance of different aspects of the company. These all profitability ratios explain the Nokia’s ability to generate the earnings and coverage of its expenses and other costs for the same period (Dyson. J.R, 2007) For Nokia, we observe that Gross profit margin (Gross Profit/ Sales) remains almost equal (30.2% to 34.2%) for the four years in observation, but the operating profit and Net profit margin shows a great fluctuations ( 2.3% to 16.1% in case of op profit and 0.6% to 13.2% for net profit). This means that Nokia has more operating expenses i.e. selling, marketing, RD and administration expenses. Secondly, if we see vertically, in year 2007, the difference between Gross profit and net profit is less (33.84%-13.24%= 20.6%) as compared to subsequent years e.g. in year 2009, the difference is 32.63%-0.63%= 31.73; this shows that in this year there is more operating expenses. But this situation improves a little in 2010 and net profit becomes again 3.21%. Return Ratios: Return on Assets17.94%9.82% 1.00% 3.90% Return on Capital 54.8% 27.2% 6.7% 7.02% Return on Equity 53.9% 27.5% 6.5% 8.67% Return ratios are also important profitability ratios. These measures the efficiency with which a business employed its assets, capital and equity for profit generation i.e. amount of profit in relation to investment of total assets. For Nokia, these ratios show that assets are employed more efficiently in the year 2007 and then it has a decreasing trend till 2009 and shows a better position for 2010 as compared to 2009. Activity Ratios: Tot Asset TO 1.4x 1.3Ãâ€"1.1Ãâ€"1.1x Fix Asst TO 29.0Ãâ€"25.5x 22.5x 23.1x Inventory TO 17.8Ãâ€"20.0x 22.0x 16.8x Activity ratios measures how well the business assets are used i.e. the benefit produced by the company’s assets or how effectively the business investment is being used. The greater the turnover, more effectively the assets are being used (Dyson. J. R, 2007) Liquidity Ratios or Credit Ratios: Current Ratio 1.5:11.2:1 1.5:11.5:1 Acid Test Ratio 1.23:1 0.86:1 1.13:1 1.15:1 These two liquidity or credit ratios measure whether a business can pay off debts or bills from its resources over the next twelve months. Acid test ratio (current assets-inventories/current liabilities) gives a clearer picture than current ratio (current assets-current liabilities) because it shows that business is capable to pay off its current liabilities without selling the inventory because sometimes it becomes difficult to sell the inventory at the time of solvency. Nokia has a good result for these ratios, and shows that the business can easily pay its debts in case there arise any problem. Long Term Solvency Debt/Equity Ratio 1.17 1.39 1.42 1.41 This debt equity ratio is greater than one, means that Nokia’s most assets are mainly financed by debt than shareholder’s equity (Dyson. J. R, 2007) This ratio shows that how much Nokia is relying on debt. From these figures, it reveals that Nokia is depending more on debt as compared to the equity and this has an increasing trend from 2007 onwards. Share Holder’s Ratio: Earning /share 1.85 1.07 0.24 0.50 The investors have a keen interest in this ratio as this shows that how much business earns in terms of share of stock because if the business earns more, then it can give more to their shareholders. Nokia’s earning per share is 1.85 in 2007 which decreases to 0.24 in 2009 but again shows a good performance in 2010 therefore E/Share increased to 0.50. Other Issues to be Considered in Pursuit of a Potential Investor A potential investor has to do a full market research about the company and the trends of its growth, market reputation, its competition, development growth within the company and within the industry along with the complete examination of the financial statements because an investor not only needs a return on the investment but also wants safety of its funds invested. For financial analysis, one has to consider the revenue generation, operating income from operations, net income, return on equity, balance sheet strength and the competitive advantage over a period of years and also its trend along with the trend of the industry. As far as Nokia Corporation (NOK) is concerned, it is the largest manufacturer of the mobile phones in the world and is the market leader in most of its innovations since 1990’s. But due to the significant increase in the use of smartphones and android phones in the past recent years, Nokia is facing some difficulties for maintaining its same market share as it was before. Global mobile phone sales totalled 269.1 million units in 1st qtr of 2009, decreased 8.8% from 1st qtr of 2008. Smartphone sales were 36.4 million units, an increase of 12.7% from the same time last year. Nokia continued to lead the mobile phone market, but its market share dropped from 39.1% to 36.2% in the 1st qtr of 2008 to 1st qtr of 2009. Smartphones sales are 13.5% of all the mobile devices sold in 2009. (Gartner, May 2009) 5 Year Stock Charts for Nokia Corporation- US (NOK) ( As on 22-04-2011) Source: Businessweek.com Industry Analysis-Year to Date (As on 22-04-2011) Nokia (NOK) Source: Businessweek.com As the consumers are using more smartphones and android phones now a days, therefore its market share are increasing and also the future expectations to use these phones, as is shown in the figures below: Smart Phone Market Share with OS (March, 2011) Source: The Nielson Company (http://tech.fortune.cnn.com) Next Desired Operating System (Consumers planning on getting a new smartphone in the next year) Source: The Nielson Company (http://tech.fortune.cnn.com) Nokia has lost its market share in profitable smartphone segment because of Apple’s iphone and Google’s android phone. In the last few years consumers are moving towards most modern Android phones from Samsung, HTC and prefer less to use the old symbian platform used by Nokia. The Gartner, one research firm expects that android will replace Symbian, and will become the world’s most widely used smartphone this year. Its global market share is expected to be 38.5% as compared to symbian 19.2%. (The Wall Street Journal, Apr 2011) According to Gartner â€Å"By the end of 2011, Android will move to become the most popular operating system (OS) worldwide and will build on its strength to account for 49 percent of the smartphone market by 2012† ( Gartner, Apr 2011) Their prediction table is given below: Worldwide Mobile Communications Device Open OS (Operating System) Sales to End Users by OS ( Thounds of Units) Source: Gartner (April, 2011) In pursuit of fierce competition from other companies like Samsung, Motorola, Apple, Google, HTC and others, some recent developments made by Nokia: Nokia has entered in a fifty-fifty joint venture with Siemens AG after receiving Chinese regulatory clearance in acquiring the wireless network infrastructure assets of Motorolla Solutions Inc. Nokia started using Windows Mobile 7 software in all of its smartphones. (Zack research, 2011) Nokia made a definitive agreement with Microsoft Corp for the development of a smartphone ecosystem. (BBC, 2011) In the first quarter 2011, net revenue was $14,214 million that is increased by 9% year over year. This increase was due to the stronger demand, average selling prices and higher volume sales in most of the regions. (Zack research, 2011) Gartner says, that after Nokia replacing symbian with Microsoft Windows phone operating system, it will not only be able to cut operating cost but also proving better products services to its customers. In 1st qtr of 2011, Nokia’s smartphone share in the global market fell down to 26% from 41% one year ago. The company is also expecting that its 2nd year will also be challenging, but because of the deal with Microsoft ‘there is less uncertainty for investors about the company’s future prospects’ (The Wall Street Journal, Apr 2011). This deal will also help Nokia in clearing the hurdles in the way of commercializing the new Windows smartphones as quickly as possible. In the 1st quarter 2011, Nokia’s quarterly revenue was up 9% year over year. The increase was attributable to higher volumes in most regions driven by stronger demand and higher average selling price (ASP). However, gross margin was 29.1% compared with 32% in the last quarter. (Zack Research, Apr 2011) Also Hudson securities said (Apr 2011) that Nokia reported strong results for its 1st quarter 2011 with revenue earning per share more than expectations. According to International human press newswire, Nokia’s global presence is still significant as 1.3 billion people using the Nokia’s phone for connecting every day. The Nokia’s deal with Microsoft seemed to be another â€Å"Blockbuster†, its sales will increase and the prices could go back to 2007. (ITHP, Feb 2011) Conclusion Nokia (NOK), a Finland based multinational company, is the biggest name in the mobile communication technology. Earlier it was involved in many businesses but from 1992 it concentrated on its communication segment and soon became the market leader in many of its innovations. Nokia’s phones are loved by every sector of the consumers, not only because of their reliability but also because that it is providing the cheapest mobiles with most basic functions and also high quality phones with all the latest functions. Its market share remains above 40% globally till last few years. In 2005, 2 billion mobiles were sold worldwide and alone Nokia sold its billionth mobile in that year. There is a fierce competition in the mobile communication market. Main competitors are Nokia, Apple, Samsung, Google and HTC. All suppliers are making innovations and trying to provide new extra functions or services in the mobiles therefore expectations of the consumers are increasing day by day and in this race many companies are providing new innovative mobiles periodically. From the financial statements of Nokia and the ration analysis, it is examined that Revenues, operating income, profit margin, return on equity, earning per share from 2007 has a decreasing trend till 2009 but all these shows positive developments again from 2010. Current ratio, Quick ratio is also in favour of Nokia. Also, in first quarter 2011, Nokia did very well and more than expectations. Although its overall market share is somewhat decreasing due to the Apple’s iphone and Google’s android phone. But as Nokia did a deal with Microsoft recently for using its windows 7 and producing an ecosystem in mobiles, and also it is doing re-organization of the company, it is expected that it will be able to gain its market share again, still 1.3 billion people are using Nokia worldwide. Therefore, one can invest in Nokia but also need to keep an eye on the growth and development it is making with the passage of time. References BBC News, â€Å"Nokia and Microsoft form partnershipâ€Å". 11 Feb 2011, online, assessed on April 20,2011, available from http://www.bbc.co.uk/news/business-12427680 Business week, April 22, 2011, ‘Information Technology Sector, Communications Equipment Industry’, online, assessed on April 22, 2011, available from http://investing.businessweek.com/businessweek/research/stocks/earnings/earnings.asp?ticker=NOK:US CIMA. (2000) Management Accounting Official Terminology. London: The Chartered Institute of Management Accountants Dyson, J.R. (2007) Accounting for Non-Accounting Students. Seventh Edition, England: FT Prentice Hall Fortune, CNNmoney.com, ‘Nielsen: Android gains, iPhone slips’ April 26, 2011, online, assessed on Apr 26, 2011, available from http://tech.fortune.cnn.com/2011/04/26/nielsen-android-gains-iphone-slips/ 6.Gartner Research, May 20, 2009, ‘Gartner Says Worldwide Mobile Phone Sales Declined 8.6 Per Cent and Smartphones Grew 12.7 Per Cent in First Quarter of 2009’, online assessed on Apr 26, 2011, available from http://www.gartner.com/it/page.jsp?id=985912 Gartner Research, April 7, 2011 ‘Gartner Says Android to Command Nearly Half of Worldwide Smartphone Operating System Market by Year-End 2012’, online, assessed on Apr 26,2011, available from http://www.gartner.com/it/page.jsp?id=1622614 8. ‘Hudson Securities Reports Strong 1Q11 Results For Nokia’ April 21, 2011, online assessed on Apr 27, 2011, available from http://origin.benzinga.com/analyst-ratings/analyst-color/11/04/1023585/hudson-securities-reports-strong-1q11-results-for-nokia ITHP, International human press newswire, ‘Invest in Nokia?, Feb 2011, online, assessed on Apr 26, 2011, available from http://www.ithp.org/articles/nokia.html Nokia website, online, assessed on April 15, 2011, available from http://www.nokia.com Reisinger. D, Cnet news, April 26, 2011, ‘ Nielsen: Android gains, iPhone slips’, online, assessed on April 26, 2011, available from http://news.cnet.com/8301-13506_3-20057445-17.html The Wall Street Journal, 21 Apr, 2011, ‘Nokia Lifts Itself Out of the Doldrums’, online, assessed on Apr 26, 2011 available from http://money.uk.msn.com/wall-street-journal.aspx?cp-documentid=157142938 Zacks Research, Business News, ‘Nokia Surprises in 1Q11’ 21-02-2011, online, assessed on April 17, 2011, available from http://www.favstocks.com/nokia-surprises-in-1q11/2148356/ How to cite Financial Analysis of Nokia, Essay examples

My Values in Life

Values are qualities that one considers to be worthwhile and as such, act as the driving force in their lives. A person’s values take precedence over other qualities and therefore dictate the manner in which an individual may act in particular instances. In my life, I have a number of values that I hold dear.Advertising We will write a custom essay sample on My Values in Life specifically for you for only $16.05 $11/page Learn More These values are as a result of my upbringing, my principles in life as well as my socialization. In this essay, I shall identify the core values that I hold and the manner in which they influence my everyday choices, actions and plans that I make. One of the educational values that are fundamental to me is achievement. This is as a result of my belief that what defines me most as a person is my determination to succeed and my desire to make a positive contribution to society through my career. Achievement is therefore one of the values that is most important to me since in today’s world, achievement and success are mostly tied together with educational success. As a result of this, I hold my educational exploits in high esteem since education is one of the avenues where one’s determination leads to quantifiable success. I greatly value close relationships with my friends and constantly seek to cement the same. This is because good friends can assist one achieve his/her goals in life and can sometimes even be closer than family. For this reason, I invest a lot of time and effort in my close friends. I make it a priority to be a part of the significant moments in my friends’ lives such as their birthdays, wedding days and even baby christening ceremonies. In addition to this, I always ensure that I inquire as to their well beings periodically. Growth and personal development for me is a very fundamental value and its importance in my life cannot be understated. It is my believe that my life is not worth much if I do not strive to constantly improve on my achievements as well as in becoming a better person. This value of personal grown and development greatly impacts on my day to day living especially when it comes to establishing new relations. It is generally my rule that if a new relation will not add any value to my life, then I should not waste my time exploring it. One of the constant realities in human life is that we will always be surrounded by needy people. As such, on a social level, I always strive to give my services to the less fortunate. In my opinion, a life well lived is one that is lived in such a way that it makes a difference to someone else’s life. This is the philosophy with which I have led my life up to this point and at all times, I try to make a difference in the lives of the people that surround me. Helping other people is therefore a value that I value not only in myself but also in other people. While modern day living h as somewhat lead to a degradation of the value of family from what it used to be in gone years, I still hold the value of family to be very important in my life. To me, one’s family members are the ones who will stand by you no matter the situation and encourage you through life’s troubles.Advertising Looking for essay on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More While I reckon that family may not always be supportive or as ideal as I envision it, in my experience my family is closely knit and always stands up for me. I therefore always have my family in mind when making my decisions and consider how my actions will affect them. In addition to this, I try seek guidance from members of the family who are more experienced than I am before making monumental decisions in my life. It has been argued that honest men and women are a dying breed. This statement holds true in our capitalistic society where profits and p ersonal gains are the primary objectives. The means by which one goes to achieve success is often overlooked and as such, the ends justify the means. Even in the midst of such an environment, I still hold honesty as one of my core values. Without a doubt, this is mostly as a result of my upbringing whereby honest was applauded and dishonesty shunned. Also, I have come to realize that when one achieves success though honesty, the level of satisfaction that comes with it is truly unrivaled by any other feeling. Owing to my upbringing, I have a huge regard for religion. As such, one of my spiritual values is engaging myself in some religious organization. While it is true that most of my religious values are as a result of my upbringing, I have over time come to embrace them as my own and therefore make it my personal duty to be actively involved in my religious organization. To me, this brings about a sense of balance and helps me be more reflective and appreciative in my life. My rel igious values impact on my decision making since I try not to make choices which are contrary to my religious beliefs. In this paper, I have identified some of the values that I hold dear to me. I have also identified how this values impact on the choices that I make as well the actions that I take. From this deep exploration of my values, I have come to the realization that my values greatly dictate how I treat the people around me as well as how I prioritize on matters. I believe that as a result of my values, I strive harder to achieve the things that I want in life and as such, I am a better person as a result of them. This essay on My Values in Life was written and submitted by user Carl J. 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. 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Josephus essays

Josephus essays Josephus Flavius (37A.D - Unknown) is recognised internationally for his recount of the amazing story of the events on Masada. Although Josephus gave a detailed profile in the, Bellum Judaicum, The Jewish War, of the battle of Masada due to, life-experiences archaeologists and historians must be aware of certain biass. Josephus was not the most courageous of people. He was brought up in an orthodox Jewish home on Jerusalem, being educated in a rabbinic school from a young age, he claims that, by the age of about fourteen he had become such an authority on the intricacies of the Jewish Law that even senior priests and laymen prominent in the administration of the city came to him for the elucidation of knotty points... (BJ, Introduction, pge 10) which may have certain biass in itself. At an age of 26 Josephus decided on going to Rome on a diplomatic mission, to free some fellow priests which had been captured by Emperor Nero due to an unspecified, trivial charge. En-route Josephus was astounded s wife Poppoea. The experiences which he has in Rome, left an everlasting scar of the power, might and glory of the Roman empire in Josephuss mind. When he returned to Jerusalem, Jerusalem As a result Josephus was appointed commander of the most northerl ...

English Longbow - Hundred Years War

English Longbow - Hundred Years' War Longbow - Origins: While bows have been used for hunting and warfare for thousands of years, few achieved the fame of the English Longbow. The weapon first rose to prominence when it was deployed by the Welsh during the Norman English invasions of Wales. Impressed by its range and accuracy, the English adopted it and began conscripting Welsh archers into military service. The longbow ranged in length from four feet to in excess of six. British sources usually require the weapon to be longer than five feet to qualify. Longbow - Construction: Traditional longbows were constructed from yew wood which was dried for one to two years, with it slowly being worked into shape over that time. In some cases, the process could take as long as four years. During the period of the longbows use, shortcuts were found, such as wetting the wood, to speed up the process. The bow stave was formed from half of a branch, with the heartwood on the inside and the sapwood to the outside. This approach was necessary as the heartwood was able to better resist compression, while the sapwood performed better in tension. The bow string was typically linen or hemp. Longbow - Accuracy: For its day the longbow possessed both long range and accuracy, though seldom both at once. Scholars estimate the longbows range at between 180 to 270 yards. It is unlikely however, that accuracy could be ensured beyond 75-80 yards. At longer ranges, the preferred tactic to unleash volleys of arrows at masses of enemy troops. During the 14th and 15th centuries, English archers were expected to shoot ten aimed shots per minute during battle. A skilled archer would be capable of around twenty shots. As the typical archer was provided with 60-72 arrows, this permitted three to six minutes of continuous fire. Longbow - Tactics: Though deadly from a distance, archers were vulnerable, particularly to cavalry, at close range as they lacked the armor and weapons of the infantry. As such, longbow equipped archers were frequently positioned behind field fortifications or physical barriers, such as swamps, which could afford protection against attack. On the battlefield, longbowmen were frequently found in an enfilade formation on the flanks of English armies. By massing their archers, the English would unleash a cloud of arrows on the enemy as they advanced which would strike down soldiers and unhorse armored knights. To make the weapon more effective, several specialized arrows were developed. These included arrows with heavy bodkin (chisel) heads which were designed to penetrate chain mail and other light armor. While less effective against plate armor, they generally were able to pierce the lighter armor on knights mount, unhorsing him and forcing him to fight on foot. To speed up their rate of fire in battle, archers would remove their arrows from their quiver and stick them in the ground at their feet. This permitted a smoother motion to reload after each arrow. Longbow - Training: Though an effective weapon, the longbow required extensive training to use effectively. To make sure that deep pool of archers always existed in England, the population, both rich and poor, were encouraged to hone their skills. This was furthered by the government through edicts such King Edward Is ban on sports on Sunday which was designed to ensure that his people practiced archery. As the draw force on the longbow was a hefty 160–180 lbf, archers in training worked their way up to the weapon. The level of training required to be an effective archer discouraged other nations from adopting the weapon. Longbow - Usage: Rising to prominence during the reign of King Edward I (r. 1272–1307), the longbow became a defining feature of English armies for the next three centuries. During this period, the weapon aided in winning victories on the Continent and in Scotland, such as Falkirk (1298). It was during the Hundred Years War (1337–1453) that the longbow became legend after it played a key role in securing the great English victories at Crà ©cy (1346), Poitiers (1356), and Agincourt (1415). It was, however, the weakness of the archers, which cost the English when they were defeated at Patay in (1429). Beginning in the 1350s, England began to suffer a shortage of yew from which to make bow staves. After expanding the harvest, the Statute of Westminster was passed in 1470, which required each ship trading in English ports to pay four bow staves for each ton of goods imported. This was later expanded to ten bow staves per ton. During the 16th century, bows began to be replaced by firearms. While their rate of fire was slower, firearms required much less training and permitted leaders to quickly raise effective armies. Though the longbow was being phased out, it remained in service through the 1640s and was used by Royalist armies during the English Civil War. Its last use in battle is believed to have been at Bridgnorth in October 1642. While England was the only nation to employ the weapon in large numbers, longbow-equipped mercenary companies were used throughout Europe and saw extensive service in Italy.

Management of queues Essay Example | Topics and Well Written Essays - 750 words

Management of queues - Essay Example Thus, this type of model is time efficient because the service rate, which is the number of customers attended within a given time interval, increases. A good example is of customers waiting in queues to get their checks cashed in front of multiple counters in a bank. No Customer Frustration Multiple queues put an end to customers’ frustration which they have to face in case of single queues. The frustration that single queues offer has an impact on the customer satisfaction and good will and thus costs the company a lot in the long run. Thus, with multiple queues this problem can be eliminated since customers are quickly attended to within least possible time. For example, when there are multiple check outs in a grocery store, a consumer feels good when he does not have to wait in long single queue with grocery on the trolley which he has to guard too. Multiple queuing model is a blessing at grocery stores. Fitzsimmons and Fitzsimmons gave the example of McDonalds which †Å"feared that customers would balk on seeing a long line† (454) and therefore implemented multiple queues. Switching of Queues Customers can always switch onto the queue which seems to be shorter and in which he feels that he will be attended much sooner. For example, when a new movie is going to be released, there are multiple queues in front of the ticketing counters. Some queues are long and some are short. A customer from long queue can come out and join a shorter one to save time and energy. This way, the queues also get managed themselves and the load on each counter is distributed among all the counters. Enjoyment One benefit that multiple queues have on single queues is that when customers make multiple queues, they are free to chat with each other and have fun while they are waiting for their turns. This makes them comfortable with the situation they are in and they pass their waiting time happily. Example is of people queued up for tickets in front of the cinema hall and chatting about the new movie. Disadvantages Cost Multiple queues with multiple services facilities sometimes adds too much to the set up cost because it may happen that the customers are being attended too efficiently and thus some servers remain idle for some time which also results in some employees being idle resulting in low morale. Multiple queues require a lot of service capacity in order to be efficient. No First-come first-served In case of multiple queues, since it is the customer’s choice which queue to join and since he can always switch onto the queue which seems shorter, the rule of first-come, first-served or first-in, first-out cannot be applied. A good example is that of traffic jam, where a driver can leave his line and enter one which seems shorter and running faster. This way, even if he came later than other drivers, he has chances of getting out of the traffic sooner. Also, when a queue is switched, the previous queue always seems to have become fast er and shorter. This is an out of logic stigma attached to multiple queues which cannot be explained. Alertness Although the customers in multiple queues can have an extra fun of chatting and gossiping with each other, yet they have to remain extra alert so that they can hear their number. They can be careless about their turn or number more than if they were in a single queue. Example is of fast food centers as McDonalds where people engage in socializing and may become forgetful of their numbers. Psychological

Personal Testimony Essay Example | Topics and Well Written Essays - 1250 words

Personal Testimony - Essay Example In China, for example, there some marked differences in the way people act based on where they come from, their level of education and even social class. For example, the lifestyle of people in cities is very different from the provinces; in the former, people are materialistic and always focused on getting blue-collar jobs and other trappings of western life. While this applies to some extent in the villages, people tend to concentrate more and agricultural production and less on modernization making a journey from the heart of Shanghai to my parent’s rural home quiet an exciting stimulation for my cultural palate. A key difference I noticed in one of the visits is that people in the countryside tend to have a more communal mentality than those in towns. The community comes first then the individual; however, the urban mindset is quite different with people giving preference to their needs before they consider those of the community. From these experiences, I learnt that people are different from place to place and it is always good to understand how they think since it makes it easier to interact with them. Consequently, I would say my lesson in culture despite by unawareness of its important has proven very useful in helping me adapt to life when I found myself in a radically different cultural environment. In the United States, everything seemed so distinctly different, and I felt as if I had traveled into a different dimension altogether. My understanding of culture was exponentially broadened by this experience as I realized that even the small things I used to take for granted were an essential aspect of culture. Food, language mannerism and much other distinction that differentiate different peoples from each other are can all contribute to the concept of culture. My objective for travelling to the US was to further my education, my parents wanted me to expand both my intellectual and social-cultural hori zons. To them, there was no better way of doing

Challenges Facing Goodyear Essay -- Business Management Consumerism Ti

Challenges Facing Goodyear Problem Statement There are several challenges facing Goodyear in the current environment. Our sales have leveled off in the past few years and we need to increase our market share in order to improve these numbers. Our debt is high and our interest payments are eating away at our profiles so we need to get more income to pay down this debt. The more immediate question is if Goodyear should launch its new line of Aquatred tires. The trend has been toward higher mileage tires and the Aquatred tire is not in line with this trend, being more of a higher end tire. Additionally, if we do determine that we are going to launch the Aquatred, do we start the advertising during the Olympics when we don’t have all the tire sizes available? We are also determining if remaining with our current distribution channel is the best approach or if we need to expand the way our tires get to market. If we decide that we are going to expand our distribution channels, we then have to determine which tires, we are going to offer in the new channels. Finally, our market share in the replacement market is lacking not sure this is true, and since consumers feel that buying tires is a necessity we have to find a way to make them excited about purchasing our product. Goodyear used to be considered the Gorilla in tire producers, but with increased competition in recent years, that is not longer the case. Issues: Consumer model and expectations Essentially, consumers fall into 4 basic segments. Â § There are Price-constrained buyers who buy the best brand they can afford. They do not show any loyalty toward any brand and tend to shop around for tires so we would have to get our tired in front of them and be the best priced. Â § There are the Value-oriented buyers that shop around a lot to get the best price, but would generally buy major brands only so we would probably be able to capture this buyer because of our brand name, but we would need competitive pricing. Â § There are the Quality buyers who were loyal to the outlet and the brand of tire. These consumers were generally upscale and are going to be our main target audience and the challenge here would be to get the tire to the outlet that the consumer is comfortable buying at and communicating the difference in our tire verses our competitors. Â § Finall... ... and concern was put forth by the company to try to make tires as safe as possible. This is a positive spin on the company as a whole, which should translate to higher sales for our other tire products. In conclusion, we have a unique opportunity to take advantage of a niche market that is as of yet untapped. We have already purchased advertising time at the Olympics for which we are going introduce our new Aquatred tire, as well as promote Goodyear’s continuing quest for safety and quality. We are going to open up new distribution channels for our lower end tires so as to increase market share in these areas, while ensuring that our independent dealers sales are respected and promoted as much as possible. This is a very exciting time for Goodyear and the Aquatred tire. A little long, but I like your plan of action. Most important attributes for consumers when purchasing a new tire: 1. Tread Life 2. Wet Traction 3. Handling 4. Snow traction 5. Dry traction US market for Passenger Tires Replacement OEM Total Industry 152.0 43 195 Goodyear 22.8 16.3 39.1 Goodyear’s percent 15% 38% 20%

Case Study: Swatch and the Global Watch Industry Essay

Introduction The Swatch Group had many early on successes due to repositioning strategies and a boost from acquisitions. On the surface, the Swatch Group was the world’s leading manufacturer of watches in the late 1990’s. They had 14 percent of the world market share and it appeared that gross sales and net profits were on the rise; however, under the covers, it was a much different story. Swatch was facing a myriad of issues that needed to be resolved in order for success to prevail. Management issues were plaguing Swatch; multiple key figures stepped down from the board in the mid 1990’s citing the CEO’s inability to listen to his staff. In addition to the management issues, Swatch was also facing fierce competition in many market spaces, including the largest consumer base space, the United States. In addition to lack of market penetration in the United States, Swatch had too many products, which equally distracted buyers and sellers. Lastly, manufacturing costs continued to soar in Switzerland, the Swatch Group’s home base. Other competitors were quickly cutting their costs by moving manufacturing overseas. The Swatch Group was at a crossroad; the strategy that had worked so well in the early 1990’s was no longer viable – the question now was what to do about it? Management Issues and Potential Resolutions Although Swatch faced many issues, internal dissension can be the quickest death of a company. Hayek needs to ensure the people chosen to replace the board member’s who stepped down are able to handle his leadership style. Equally as important as selecting a high-performing executive team, Hayek need’s to realize that traditional organizational principles of functional hierarchies will inevitably lead to rifts in management. This is a social issue that Hayek needs to address. If ex-board members continue to bad mouth Swatch it could have an impact on sales. To address this issue, Hayek needs to improve his leadership style and management model to actively involve his staff. As an employee, even an executive employee, being flat out told what you have to do all the time is often the ingredient for an unhealthy work environment, especially when trying to implement change. However, when  employees are involved in making a decision it is often easier to put into action th e decision that was made. There is sometimes a higher acceptance of the decision when it comes from the ground up and there is a higher probability that the decision will be executed efficiently. The outcome of such a change will inevitably be positive. When Hayek has more then one person getting together trying to solve a problem, he will have an increased chance at a better solution then if he were trying to solve it himself. The employees bring a lot to the meeting room with them. For instance, they may have â€Å"inside information† about why production is faltering. By creating a high-performing executive team that works as a cohesive unit versus â€Å"he has to be the big boss alone, and can never share opinions† unit, the Swatch Group should begin to see an improvement in the softer issues, such as employee satisfaction, higher executive employee retention, and a more open communication model. Competitive and Product Mix Issues and Potential Resolutions The Swatch group as a whole had an unparalleled ability to provide consumers with a wide range of products in all market segments. They could provide hi-tech watches that functioned as ski passes, fashion watches such as the Swatch, or an exquisite diamond studded precious metal watch – Swatch provided products at all extremes. However, certain product lines were more successful then others. The Swatch watch in particular was struggling to gain market share in the United States and elsewhere for several reasons including fickle consumer behavior and a product line that was daunting to consumers and resellers. The Swatch product was quickly loosing its competitive edge against other players such as Fossil, Guess, Timex and Seiko. Resellers were dropping like flies and consumers felt like Swatch had saturated the market with too many products. Worse of all, consumer perception was that Swatch was a fad. Swift decisions need to be made to reverse this before the brand becomes part of a MTV or VH1 â€Å"I love the 90’s† television show. Luckily, most of the decisions to be made regarding product mix have very little impact socially and ethically. Omega (part of the Swatch Group portfolio of brands), was facing a similar demise in the early 1990’s and successfully repositioned itself and became a major profit driver for the group. It achieved this by carefully selecting its marketing programs and drastically trimming its product line from 2,500 to 130. This strategy needs to be applied to Swatch, which focuses on the basic and middle-priced market. This is supported by the fact that the number of resellers dropped from 3,000 in the early 1990’s to 1,200 in 1998. Swatch needs to apply a SWOT analysis and determine which product lines are successful in this market space and drop the remaining products. In addition, the Swatch Group needs to look at their consumer base and determine if it would be profitable to launch a new product line that captures past consumers who have now progressed to the next stage of their lives and are desiring a more expensive and sophisticated watch. A marketing campaign needs to be chosen that helps attract new consumers in the basic and middle price market focusing on the smaller number of brands and a separate campaign should be created that focuses on keeping their existing customer base. These campaigns should be replicated to other countries to ensure the Swatch brand remains visible. Neither of these resolutions will be easy to implement; however, if done successfully Swatch will decrease their production costs because there are fewer product lines and increase their sales based on marketing campaigns to two separate groups: new customers and existing customers. Manufacturing Issues and Potential Resolutions Driven by high demand, offshore manufacturing centers are appearing throughout the world. Many of the Swatch Group’s competitors have switched their manufacturing to centers overseas and decreased their fixed costs, which resulted in an increase in profit. The Swatch Group had always remained committed to its home base, partly because their home base possessed centuries of expertise in watch making and partly because a timepiece cannot be stamped with â€Å"Swiss Made† unless at least 50% of Swiss manufactured products by value are present in the  timepiece. Although the mix of factors raising the possibility of outsourcing varies from company to company, there are a few themes that the Swatch Group needs to explore regarding the pressures to outsource. The Swatch Group needs to recognize that general concerns regarding cost and quality are the main drivers for outsourcing. In addition, outsourcing can turn a fixed cost into a variable cost, which will significantly help a company with varying volumes. Although most businesses can benefit hugely through outsourcing or manufacturing in another country, the Swatch Group needs to determine if it will be successful and profitable for them. Outsourcing a portion of their value chain is not a quick-fix response to production costs or performance lags. Additionally, the choices for outsourcing locations are many, they are not all equal, differing in several critical areas. Selecting the right option requires balancing factors such as cultural affinity, geopolitical risk, cost, and resource availability. To help narrow their focus in their analysis, initially, the Swatch Group should look to India for their outsource location. India has a large talent pool of skilled, experienced watch workers. These workers have hands-on experience supporting Titan industries. Titan is continuing to grow as a company and the pace of resource expansion is dramatically improving in keeping up with current as well as future technologies. Additionally, the Swatch Group should center their outsourcing attention to the assembly portion of the value added chain. This will ensure that 50% of the manufactured parts are still completed in Switzerland. The design, marketing, and most of manufacturing of the watches still remain where the expertise is located. The assembly of a watch is an extremely repeatable and easily controllable task, which will increase the success for outsourcing. Outsourcing assembly to India will have many positive effects for the Swatch Group. Cost reduction remains the primary objective of outsourcing; the Swatch Group will have the ability to provide a good at a lower cost and should be able to make the assembly cost more predictable and controlled. Ethically and socially, outsourcing has a caused many individuals and  increase in job insecurity. Lower labor standards in other countries are forcing many companies to outsource much of their manufacturing. This is especially unsettling for individuals who lack the skills to make themselves difficult to replace, such as in manufacturing. If the Swatch Group decides to outsource assembly, there will be no easy way to redeploy the assembly workers. They can setup a redeployment pool for those resources and try to redeploy them elsewhere in the company. However, if this is not possible, a business decision will have to be made to lay those workers off. The utmost sensitivity will be required as it is possible that generations of families have worked for the Swatch Group. The Swatch Group will need to carefully balance the outsourcing cost reduction possibilities with the social ramifications that may exist. Conclusion There are many issues facing the Swatch Group and there is no right way to solve any of the issues. Each issue comes laden with ethical and social consequences that will also impact the company. The Swatch Group will need to take steps to ensure that international integration does not cause domestic social disintegration. Regardless of how the issues are resolve, the greatest challenge is going to be finding the right balance between markets and societies. References Swatch and the Global Watch Industry

Determining The Cost Per Hour Difference Between A Minimum...

Introduction The purpose of this report is to determine the cost per hour difference between a minimum wage employee working 40 hours per week for 52 weeks located in Cornwall, Ontario and Pittsburgh Pennsylvania. The result of this report will be used for the establishment of a new distribution centre. All the elements of employee’s salary in the city of Cornwall and Pittsburgh will be covered in this report. The report will make the use of exchange rate for comparing the difference in wages in two countries now and after the completion of 5 yrs. An employee working anywhere across the globe, the employer is required to offer certain benefits to the employee for his economic and social welfare. The report will be covering all those†¦show more content†¦The currency exchange rate has to be considered when the decision is based on cost figures of from two countries with different currencies. The Consumer Price Index (CPI) used to calculate inflation rate in a country has to be used in forecasting the future minimum wages as minimum wages are in proportion with the inflation rate. Discussion and Analysis Structure of Payroll in Cornwall, Ontario 1. Minimum Wage The minimum wage rate in Ontario is $11.60 per hour for 2017 and the minimum wage rates are subject to annual indexation based on the inflation rate as per the Government of Ontario website. Since, Inflation rate is measured through Consumer price index so, by taking the CPI data of 10 years we have forecasted the CPI of 2022. As per the CPI the forecasted minimum wage of 2022 is estimated at $12.51 per hour. 2. Health care costs The employer health tax (EHT) is a payroll tax on remuneration paid to former employees and employees. The EHT rate varies from 0.98% to 1.95% of the wages depending upon the total payroll of the Ontario employer. 3. Employment Insurance The federal government directs the employer to deduct the employment insurance (EI) premium out of the employee’s insurable earnings on a condition that the employee must be in insurable employment. The employer also has to make the contribution of 1.4 times the amount deducted fromShow MoreRelatedAns1A Essay1015 Words   |  5 Pagesthat the wages of young high school graduates fell. In what sense has the true â€Å"cost† of a college education been changed by this development. Other things equal, if wages of young high school graduates decline, the potential alternative use of time spent studying in higher education†¦namely, working with only a high school education†¦has relatively less value. Therefore, the opportunity cost of student study time measured in foregone wages is lower. 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