Would you respect the cultural practice and not inform a patient about the prognosis?
PrognosisIn the Asian culture, there is often a belief that terminally ill patients should not be informed about their prognosis. Would you respect the cultural practice and not inform a patient about the prognosis? Is there a way for health care providers to balance the patients right to know with respect for the cultural practices and beliefs of the family? Is not fully disclosing information to the patient an ethical breach?Submission Instructions:Your initial post should be at least 500 words,formatted and cited in current APA style with support from at least 2 academic sources
Describe the Black/African American ethnic minority group.
In 1,250-1,350 words, compare and contrast the health status of Black/African American to the national average in America considering the following.Describe the Black/African American ethnic minority group.Describe the current health status of Black/African American group.How do race and ethnicity influence health for the Black/African American?What are the health disparities that exist for the Black/African American group? What are the nutritional challenges for the Black/African American group?Discuss the barriers to health for the Black/African American as a group resulting from culture, socioeconomics, education, and sociopolitical factors.What health promotion activities are often practiced by the Black/African American group?Describe at least one approach using the three levels of health promotion prevention (primary, secondary, and tertiary) that is likely to be the most effective in a care plan given the unique needs of the Black/African American minority group you have selected.Provide an explanation of why it might be the most effective choice.What cultural beliefs or practices must be considered when creating a care plan?What cultural theory or model would be best to support culturally competent health promotion for this population? Why?Cite at least 5 peer-reviewed or scholarly sources published within the last 5 years using APA 2007 with incitation
What impact have you observed in the populations you serve in your nursing practice?
Direct-to-Consumer Advertising Respond to the Case Study presented in Chapter 12 (p. 286) about direct-to-consumer advertising of prescription drugs.What impact have you observed in the populations you serve in your nursing practice? Comment on the ethics of this practice, in terms of autonomy, beneficence, non-maleficence, and justice.Submission Instructions:Your initial post should be at least 500 words,formatted and cited in current APA style with support from at least 2 academic sources.
Why capital investments are considered the most important decisions made by a firms management?
The Fundamentals of Capital BudgetingSection 10.11. Why capital investments are considered the most important decisions made by a firms management?2. What are the differences between capital projects that are independent, mutually exclusive, and contingent?Section 10.21. What is the NPV of a project?2. If a firm accepts a project with a $10,000 NPV, what is the effect on the value of the firm?3. What are the five steps used in NPV analysis?The five-step process used in the NPV analysis can be listed as follows:Section 10.31. What is the payback period?2. Why does the payback period provide a measure of a projects liquidity risk?3. What are the main shortcomings of the payback method?Section 10.41. What are the major shortcomings of using the ARR method as a capital budgeting method?Section 10.51. What is the IRR method?2. In capital budgeting, what is a conventional cash flow pattern?3. Why should the NPV method be the primary decision tool used in making capital investment decisions?Section 10.61. What changes have taken place in the capital budgeting techniques used by U.S. companies?Self-Study Problems10.1 Premium Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power farm. The costs and the cash flows from these systems are shown below. If the company uses a 12 percent discount rate for all projects, determine which forklift system should be purchased using the net present value (NPV) approach.Year 0Year 1Year 2Year 3Otis Forklifts?$3,123,450$979,225$1,358,886$2,111,497Craigmore Forklifts?$4,137,410$875,236$1,765,225$2,865,11010.2 Rutledge, Inc., has invested $100,000 in a project that will produce cash flows of $45,000, $37,500, and $42,950 over the next three years. Find the payback period for the project.10.3 Perryman Crafts Corp. is evaluating two independent capital projects that together will cost the company $250,000. The two projects will provide the following cash flows:YearProject AProject B1$80,750$32,4502$93,450$76,1253$40,325$153,2504$145,655$96,110Which project will be chosen if the companys payback criterion is three years? What if thecompany accepts all projects as long as the payback period is less than five years?10.4 Terrell Corp. is looking into purchasing a machine for its business that will cost $117,250 and will be depreciated on a straight-line basis over a five-year period. The sales and expenses (excluding depreciation) for the next five years are shown in the following table. The companys tax rate is 34 percent.Year 1Year 2Year 3Year 4Year 5Sales$123,450$176,875$242,455$255,440$267,125Expenses$137,410$126,488$141,289$143,112$133,556 The company will accept all projects that provide an accounting rate of return (ARR) of at least 45 percent. Should the company accept this project?The company will accept all projects that provide an accounting rate of return (ARR) of at least 45 percent. Should the company accept the project?10.5 Refer to Problem 10.1. Compute the IRR for each of the two systems. Is the investment decision different from the one determined by NPV?Critical Thinking Questions10.1 Explain why the cost of capital is referred to as the hurdle rate in capital budgeting.10.2 a. A company is building a new plant on the outskirts of Smallesville. The town has offered to donate the land, and as part of the agreement, the company will have to build an access road from the main highway to the plant. How will the project of building the road be classified in capital budgeting analysis?b. Sykes, Inc., is considering two projects: a plant expansion and a new computer system for the firms production department. Classify these projects as independent, mutually exclusive, or contingent projects and explain your reasoning.c. Your firm is currently considering the upgrading of the operating systems of all the firms computers. The firm can choose the Linux operating system that a local computer services firm has offered to install and maintain. Microsoft has also put in a bid to install the new Windows operating system for businesses. What type of project is this?10.3 In the context of capital budgeting, what is capital rationing?10.4Provide two conditions under which a set of projects might be characterized as mutually exclusive.10.5a.A firm invests in a project that would earn a return of 12 percent. If the appropriate cost of capital is also 12 percent, did the firm make the right decision. Explain. b.What is the impact on the firm if it accepts a project with a negative NPV?10.6 Identify the weaknesses of the payback period method..10.7 What are the strengths and weaknesses of the accounting rate of return (ARR) approach?10.8 Under what circumstances might the IRR and NPV approaches have conflicting results?10.9 The modified IRR (MIRR) alleviates two concerns with using the IRR method for evaluating capital investments. What are they?10.10 Elkridge Construction Company has an overall (composite) cost of capital of 12 percent. This cost of capital reflects the cost of capital for an Elkridge Construction project with average risk. However, the firm takes on projects of various risk levels. The company experience suggests that low-risk projects have a cost of capital of 10 percent and high-risk projects have a cost of capital of 15 percent. Which of the following projects should the company select to maximize shareholder wealth?Questions and ProblemsBASIC10.1 Net present value: Riggs Corp. management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the discount rate is 17.5 percent, what is the NPV on this project?LO 210.2 Net present value: Kingston, Inc. management is considering purchasing a new machine at a cost of $4,133,250. They expect this equipment to produce cash flows of $814,322, $863,275, $937,250, $1,017,112, $1,212,960, and $1,225,000 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment?LO 210.3 Net present value: Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate, should management go ahead with the project?YearCash Flow0?$3,300,0001$875,1232$966,2223$1,145,0004$1,250,3995$1,504,445LO 210.4 Net present value:Franklin Mints, a confectioner, is considering purchasing a new jellybean-making machine at a cost of $312,500. The companys management projects that the cash flows from this investment will be $121,450 for the next seven years. If the appropriate discount rate is 14 percent, what is the NPV for the project?LO10.5 Net present value: Blanda Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses a 9 percent discount rate for their production systems, in which system should the firm invest?LO 2YearSystem 1System 20-15,000-45,000115,00032,000215,00032,000315,00032,00010.6 Payback: Refer to problem 10.5. What are the payback periods for production systems 1 and 2? If the systems are mutually exclusive and the firm always chooses projects with the lowest payback period, in which system should the firm invest?LO 310.7 Payback: Quebec, Inc., is purchasing machinery at a cost of $3,768,966. The companys management expects the machinery to produce cash flows of $979,225, $1,158,886, and $1,881,497 over the next three years, respectively. What is the payback period?LO 310.8 Payback: Northern Specialties just purchased inventory-management computer software at a cost of $1,645,276. Cost savings from the investment over the next six years will be reflected in the following cash flow stream: $212,455, $292,333, $387,479, $516,345, $645,766, and $618,325. What is the payback period on this investment?LO 310.9 Payback: Nakamichi Bancorp has made an investment in banking software at a cost of $1,875,000. Management expects productivity gains and cost savings over the next several years. If the firm is expected to generate cash flows of $586,212, $713,277, $431,199, and $318,697 over the next four years, what is the investments payback period?LO 310.10 Average accounting rate of return (ARR): Capitol Corp. is expecting a project to generate after-tax income of $63,435 over each of the next three years. The average book value of its equipment over that period will be $212,500. If the firms acceptance decision on any project is based on an ARR of 37.5 percent, should this project be accepted?LO 410.11 Internal rate of return:Refer to Problem 10.4. What is the IRR that Franklin Mints management can expect on this project?LO 510.12 Internal rate of return:Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $7.8 million. The firm expects that this will lead to additional cash flows of $1.8 million for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Hathaway go ahead with this project?LO 5INTERMEDIATE10.13 Net present value: Champlain Corp. is investigating two computer systems. The Alpha 8300 costs $3,122,300 and will generate annual cost savings of $1,345,500 over the next five years. The Beta 2100 system costs $3,750,000 and will produce cost savings of $1,125,000 in the first three years and then $2 million for the next two years. If the companys discount rate for similar projects is 14 percent, what is the NPV for the two systems? Which one should be chosen based on the NPV?LO 2.10.14 Net present value:Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. This process requires new machinery that would cost $1,968,450, have a life of five years and would produce cash flows as shown in the table. What is the NPV if the firm uses a discount rate of 15.9 percent?YearCash Flow1$512,4962$(242,637)3$814,5584$887,2255$712,642LO 210.15 Net present value:Cranjet Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in the following table. The firm typically uses a discount rate of 16.4 percent.a. What are the NPVs of the two projects?b Should both projects be accepted? Or either? Or neither? Explain your reasoning.YearProduct Line ExpansionProduction Capacity Expansion0$(2,575,000)$(8,137,250)1$600,000$2,500,0002$875,000$2,500,0003$875,000$2,500,0004$875,000$3,250,0005$875,000$3,250,000LO 210.16 Net present value:Emporia Mills is evaluating two alternative heating systems. Costs and projected energy savings are given in the following table. The firm uses 11.5 percent to discount such project cash flows. Which system should be chosen?YearSystem 100System 2000$(1,750,000)$(1,735,000)1$275,223$750,0002$512,445$612,5003$648,997$550,1124$875,000$384,226LO 210.17 Payback: Creative Solutions, Inc., has just invested $4,615,300 in equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover its costs. The company anticipates cash flows of $644,386, $812,178, $943,279, $1,364,997, $2,616,300, and $2,225,375 over the next six years. Does this investment meet the firms payback criteria?LO 310.18 Discounted payback: Timeline Manufacturing Co. is evaluating two projects. It uses payback criteria of three years or less. Project A has a cost of $912,855, and project Bs cost is $1,175,000. Cash flows from both projects are given in the following table. What are their discounted payback periods, and which will be accepted with a discount rate of 8 percent?YearProject AProject B1$ 86,212$586,2122$313,562$413,2773$427,594$231,1994$285,552LO 310.19 Payback: Regent Corp. is evaluating three competing pieces of equipment. Costs and cash flow projections for all three are given in the following table. Which would be the best choice based on payback period?YearType 1Type 2Type 30$(1,311,450)$(1,415,888)$(1,612,856)1$212,566$586,212$786,2122$269,825$413,277$175,0003$455,112$331,199$175,0004$285,552$141,442$175,0005$121,396$175,0006$175,000LO 310.20 Discounted payback: Nugent Communication Corp. is investing $9,365,000 in new technologies. The company expects significant benefits in the first three years after installation (as can be seen by the cash flows), and smaller constant benefits in each of the next four years. What is the discounted payback period for the project assuming a discount rate of 10 percent?Years1234 7Cash flows$2,265,433$4,558,721$3,378,911$1,250,000LO 310.21 Modified internal rate of return (MIRR): Morningside Bakeries has recently purchased equipment at a cost of $650,000. The firm expects to generate cash flows of $275,000 in each of the next four years. The cost of capital is 14 percent. What is the MIRR for this project?LO 510.22 Modified internal rate of return (MIRR): Sycamore Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $263,400 and will generate cash flows of $85,000 over each of the next six years. If the cost of capital is 12 percent, what is the MIRR on this project?LO 510.23 Internal rate of return:Great Flights, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $161 million. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table. What is the IRR of this project?YearsCash Flow14$23,500,00057$72,000,000810$80,000,000LO 510.24 Internal rate of return: Refer to problem 10.5. Compute the IRR for both production system 1 and production system 2. Which has the higher IRR? Which production system has the highest NVP? Explain why the IRR and NPV rankings of systems 1 and 2 are different?LO 510.25 Internal rate of return: Ancala Corporation is considering investments in two new golf apparel lines for next season: golf hats and belts. Due to a funding constraint, these lines are mutually exclusive. A summary of each projects estimated cash flows over its three -year life, as well as the IRRs and NPVs of each are outlined below. The CFO of the firm has decided to manufacture the belts; however, the CEO of Ancala is questioning this decision given that the IRR is higher for manufacturing hats. Explain to the CEO why the IRRs and NPVs of the belt and hat projects disagree? Is the CFOs decision the correct .YearGolf BeltsGolf Hats0-$1,000-$50011,00050025003003500300NPV$697.97$427.87IRR54%61%LO 510.26 Internal rate of return:Compute the IRR on the following cash flow streams:a. An initial investment of $25,000 followed by a single cash flow of $37,450 in year 6.b. An initial investment of $1 million followed by a single cash flow of $1,650,000 in year 4.c. An initial investment of $2 million followed by cash flows of $1,650,000 and $1,250,000 in years 2 and 4, respectively.LO 510.27 Internal rate of return:Compute the IRR for the following project cash flows.a. An initial outlay of $3,125,000 followed by annual cash flows of $565,325 for the next eight yearsb. An initial investment of $33,750 followed by annual cash flows of $9,430 for the next five yearsc. An initial outlay of $10,000 followed by annual cash flows of $2,500 for the next seven yearsLO 5ADVANCED10.28 Draconian Measures, Inc., is evaluating two independent projects. The company uses a 13.8 percent discount rate for such projects. The cost and cash flows are shown in the following table. What are the NPVs of the two projects?YearProject 1Project 20$(8,425,375)$(11,368,000)1$3,225,997$2,112,5892$1,775,882$3,787,5523$1,375,112$3,125,6504$1,176,558$4,115,8995$1,212,645$4,556,4246$1,582,1567$1,365,882LO 210.29 Refer to Problem 10.28.a. What are the IRRs for the projects?b. Does the IRR criterion indicate a different decision than the NPV criterion?c. Explain how you would expect the management of Draconian Measures to decide.LO 510.30 Dravid, Inc., is currently evaluating three projects that are independent. The cost of funds can be either 13.6 percent or 14.8 percent depending on their financing plan. All three projects cost the same at $500,000. Expected cash flow streams are shown in the following table. Which projects would be accepted at a discount rate of 14.8 percent? What if the discount rate was 13.6 percent?YearProject 1Project 2Project 3100$245,1252$125,0000$212,3363$150,000$500,000$112,5004$375,000$500,000$74,000LO 210.31 Intrepid, Inc., is looking to invest in two or three independent projects. The costs and the cash flows are given in the following table. The appropriate cost of capital is 14.5 percent. Compute the IRRs and identify the projects that will be accepted.YearProject 1Project 2Project 30$(275,000)$(312,500)$(500,000)1$63,000$153,250$212,0002$85,000$167,500$212,0003$85,000$112,000$212,0004$100,000$212,000LO 510.32 Jekyll & Hyde Corp. is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows are given in the following table. Which project should be accepted?YearProject 1Project 20$(1,250,000)$(1,250,000)1$250,000$350,0002$350,000$350,0003$450,000$350,0004$500,000$350,0005$750,000$350,000LO 510.33 Larsen Automotive, a manufacturer of auto parts, is considering investing in two projects. The company typically compares project returns to a cost of funds of 17 percent. Compute the IRRs based on the given cash flows, and state which projects will be accepted.YearProject 1Project 20$(475,000)$(500,000)1$300,000$117,5002$110,000$181,3003$125,000$244,1124$140,000$278,955LO 510.34 Compute the IRR for each of the following projects:YearProject 1Project 2Project 30$(10,000)$(10,000)$(10,000)1$4,750$1,650$8002$3,300$3,890$1,2003$3,600$5,100$2,8754$2,100$2,750$3,4005$800$6,600LO 510.35 Primus Corp. is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45 percent. The cost of this project will be $7,125,000. It will result in additional cash flows of $1,875,000 for the next eight years. The company uses a discount rate of 12 percent.a. What is the payback period?b. What is the NPV for this project?c. What is the IRR?LO 2, LO 3, LO 510.36 Quasar Tech Co. is investing $6 million in new machinery that will produce the next-generation routers. Sales to its customers will amount to $1,750,000 for the next three years and then increase to $2.4 million for three more years. The project is expected to last six years and cost, excluding depreciation will be $898,620 annually. The machinery will be depreciated to a salvage value of 0 over 6 years using the straight-line method. The companys tax rate is 30 percent, and the cost of capital is 16 percent.a. What is the payback period?b. What is the average accounting return (ARR)?c. Calculate the project NPV.d. What is the IRR for the project?LO 2, LO 3, LO 510.37 Skywards, Inc., an airline caterer, is purchasing refrigerated trucks at a total cost of $3.25 million. After-tax net income from this investment is expected to be $750,000 for the next five years. Annual depreciation expense will be $650,000. The cost of capital is 17 percent.a. What is the discounted payback period?b. Compute the ARR.c. What is the NPV on this investment?d. Calculate the IRR.LO 2, LO 3, LO 4, LO 510.38 Trident Corp. is evaluating two independent projects. The costs and expected cash flows are given in the following table. The companys cost of capital is 10 percent.YearAB0$(312,500)$(395,000)1$121,450$153,5522$121,450$158,7113$121,450$166,2204$121,450$132,0005$121,450$122,000a. Calculate the projects NPV.b. Calculate the projects IRR.c. Which project should be chosen based on NPV? Based on IRR? Is there a conflict?d. If you are the decision maker for the firm, which project or projects will be accepted? Explain your reasoning.LO 2, LO 510.39 Tyler, Inc., is considering switching to a new production technology. The cost of equipment will be $4 million. The discount rate is 12 percent. The cash flows that the firm expects to generate are as follows.YearsCF0$(4,000,000)1-2035$845,00069$1,450,000a. Compute the payback and discounted payback period for the project.b. What is the NPV for the project? Should the firm go ahead with the project?c. What is the IRR, and what would be the decision under the IRR?LO 2, LO 3, LO 510.40. Given the following cash flows for a capital project, calculate the NPV and IRR. The required rate of return is 8 percent.Year012345Cash flow50,00015,00015,00020,00010,0005,000 NPV IRRa. $1,905 10.9%b. $1,905 26.0%c. $3,379 10.9%d. $3,379 26.0%LO 210.41. Given the following cash flows for a capital project, calculate its payback period and discounted payback period. The required rate of return is 8 percent.Year012345Cash flow50,00015,00015,00020,00010,0005,000The discounted payback period isa. 0.16 years longer than the payback period.b. 0.80 years longer than the payback period.c. 1.01 years longer than the payback peri
What were the main challenges encountered by CARE International before they created their warehouse prepositioning model?
Note: Must requireAPA format (Times New Roman, size 12 and 2 space)MS Visio diagram OR MS Word Smart ArtMinimum 3 or more References including Sharda(Below)W5: Case StudiesGraded Assignment: Case Studies (Follow all steps below)Carefully review and read both case studies found in your textbook from Pages 433 and 465-467Sharda, R., Delen, D., & Turban, E. (2015) Business intelligence and analytics: Systems for decision support (10th ed.). Boston: Pearson.Digital: ISBN-13: 978-0-13-340193-6 or Print: ISBN-13: 978-0-13-305090-5When concluding the paper, expand your analytical and critical thinking skills to develop ideas as a process or operation of steps visually represented in a flow diagram or any other type of created illustration to support your idea which can be used as a proposal to the entity or organization in the cases to correct or improve any case related issues addressed. This is required for both cases.When developing illustrations to support a process or operation of steps, Microsoft Word has a tool known as Smart Art which is ideal for the development of these types of illustrations or diagrams. To get acquainted with this tool, everyone can visit www.youtube.com using a keyword search Microsoft Word Smart Art Tutorials to find many video demonstrations in using this tool.QUESTIONS FOR THE END-OF-CHAPTER from Page# 433APPLICATION CASE1. What were the main challenges encountered by CARE International before they created their warehouse prepositioning model?2. How does the objective function relate to the organizations need to improve relief services to affected areas?3. Conduct online research and suggest at least three other applications or types of software that could handle the magnitude of variable and constraints CARE International used in their MIP model.4. Elaborate on some benefits CARE International stands to gain from implementing their pre-positioning model on a large scale in future.QUESTIONS FOR THE END-OF-CHAPTER (Page NO#465-467)APPLICATION CASE1. Describe the problem that a large company such as HP might face in offering many product lines and options.2. Why is there a possible conflict between marketing and operations?3. Summarize your understanding of the models and the algorithms.4. Perform an online search to find more details of the algorithms.5. Why would there be a need for such a system in an organization?6. What benefits did HP derive from implementation of the models?ConclusionReference info. Minimum 3 or more.
Identify the key internal factors that are important to Nike. Rank the most important five and explain why.
BUAD 6900 Summer 2022Case #3(Executive summaries should be between 1-2 pages, single-spaced, 12 pt. font.)Textbook Case #20 Nike, IncBased on the case facts in the textbook (50 points):1) Identify the key internal factors that are important to Nike. Rank the most important five and explain why. (30 points.)2) Discuss (in some detail) three areas of strength (10 points)3) Discuss (in some detail) three areas of weakness (10 points)Based on your research of the Companys most recent annual report (internet search; company webpage investor relations; and latest 10K/10Q reports www.sec.gov.edgar). (25 points)4) Using the latest 10K (Annual Report), calculate financial ratio table for the past three years (2021, 2020, 2019). You may need to access the 2020 annual report for the 2019 balance sheet data. Here are the relevant ratios: Current Ratio, Quick Ratio, Total Debt-to-Total Assets Ratio, Total Debt-to-Equity Ratio, Times-Interest-Earned Ratio, Inventory Turnover, Fixed Assets Turnover, Total Assets Turnover, Accounts Receivable Turnover, Average Collection Period, Gross Profit Margin, Operating Profit Margin, ROA, ROE. Note you may need to scroll down in the reports. You are looking for the Consolidated Statements of Income and Consolidated Balance Sheets. (15 points)5) Based this analysis, identify three major trends and why they are important. (10 points)
Discuss cultural awareness issues that need U.S. staff need to be conscious of to ensure successful transition into the country chosen.
You have been requested to create a write-up for those who are going abroad to help them with their transition.Review the presentation you completed in the previous Module 02 Lab. What training differentiators would you need to add or alter to address travel abroad? What are some other ideas that might need to be implemented to ensure that the new employees needs are being met? Review the following resources in considering some of the concerns in the country you chose:You are required to write a brief 1-2 paper in which you:Discuss cultural awareness issues that need U.S. staff need to be conscious of to ensure successful transition into the country chosen.Discuss various traditions, economics, etc., that the U.S. staff needs to be aware of in order to successfully work with the local staff.Discuss what types of training you would provide both U.S. Staff and the local staff in ensure a smooth working platform.Discuss what type of training would be needed to be considered for security-specific needs for the local staff.Notes on submission:Use at least three (3) quality resources as references in this assignment. Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.Submit your completed assignment by following the directions linked below. Please check theCourse Calendarfor specific due dates.
What needs are being met by the product purchase? What are the benefits to the consumers?
(1) Read ACME Meeting (attached)(2) Review Marketing Information on Consumer Buying Behavior (readings attached)(3) Conduct an analysis of the consumers in our main markets. Your analysis should consider both current and potential product users and should address the following questions:1. What needs are being met by the product purchase? What are the benefits to the consumers? Make sure that you differentiate between features and benefits; go beyond manifest motives and consider latent motives.2. Who is involved in the purchase process? Who are the influencers? Who are the buyers?Who are the end users?3. Where are the products sold, and what are the distribution channels?4. How often are the products purchased? Is there seasonality to sales?Deliverable: Produce a six-page preliminary consumer buying behavior report (template attached)(excluding cover page, reference list, tables, graphs, and exhibits) explaining your findings on consumer needs, wants, and preferences in these markets. Make sure that your report is specific to consumers of ACMEs potential product and not to consumers in general.Support your work with the course readings, scholarly sources, and reliable nonscholarly sources, such as Reuters, Bloomberg, Yahoo! Finance, Barrons.com, Morningstar.com, Money, Forbes, Fortune, the Financial Times, the Wall Street Journal, and the Harvard Business Review, as well as the UMUC Library databases, such as Hoovers and ABI/INFORM. All sources need to be cited using APA formatting, both within the text and in the reference list. The report should be organized using headings and subheadings to improve its readability.
Mass customization of products has become a common approach in manufacturing organizations. Explain the ways in which mass customization can be applied to service firms as well.
Hello! I have been slacking this week and totally forgot today was Wednesday. I need 2 different responses from this with at least 3 references, at least 400 words and no plagiarism.Chapter 7: Mass customization of products has become a common approach in manufacturing organizations. Explain the ways in which mass customization can be applied to service firms as well.Mass customization has become a popular wave of our current economy. With customers becoming more and more demanding with the specifics they would like for the products they buy. By definition, mass customization refers to using mass-production technology to quickly and cost-effectively assemble goods that are uniquely designed to fit the demands of individual customers (Daft, 2013, p. 271). Our textbook goes further to highlight the demands of BMW consumers in Europe, stating that 60 percent of the BMW car sells in Europe are built to order (Daft, 2013, p. 271). This mass customization aids in customer satisfaction, however, it greatly increases the difficulty of manufacturing. Mass customization can be applied to service firms almost more readily than in a manufacturing organization. The reason for this is that a service firm exists to serve the specific needs of the customer. A good example of a type of service firm that would benefit from mass customization is in the financial services and wealth management industry. As a financial advisor, it is of great benefit to yourself to serve as many clients as you can because you are almost always paid based off the amount of assets that you manage. However, the specific desires of each client might can based off their age, amount of wealth, and tolerance for a fluctuating market. Because of these very unique and specific characteristics for each client, it is behoove of the financial service industry to adopt mass customization strategies for its customers. These customizations can be explained by selecting a variety of different types of mutual fund investments and entering in markets that either preserve or grow the clients wealth based off their individual preference.Chapter 7: A top executive claimed that superior management is a craft technology because the work contains intangibles (such as handling personnel, interpreting the environment, and coping with unusual situations that have to be learned through experience). If this is true, is it appropriate to teach management in a business school? Does teaching management from a textbook assume that the managers job is analyzable and, therefore, that formal training rather than experience is most important?It is true that leadership is an art more than it is a science. Craft technologies are characterized by a fairly stable stream of activities, but that on version process is not analyzable or well understood (Daft, 2013, p. 280). There is much truth in the idea that leadership is an art, however, management is often a science. As an officer in the Army, the actual doctrine of military leadership demonstrates the art of command and the science of control (ADRP, 6-0, Mission Command, Ch. 4). This is the thought process that commanding Soldiers, or leading employees for that matter is an art form, while controlling processes and resources is a science, much the same as managing at a firm. However, in response to the question, it is still valuable and useful to teach management though it might be wise to consider the vehicle in which it is taught. Sheer head knowledge from a textbook does not build quality managers and certainly not good leadership. Practical exercises and decision-making models are great for building interpersonal skills and collaborating with team members to reach solutions. To some degree, a managers job is analyzable because management is an overview of routines, processes, and procedures that are to be followed in order to reach a general conclusion. This is why organizations follow best practices and standard operating procedures, however, it is when these processes and procedure go awry that leadership comes into play. Teaching management through a textbook has its utility, but it is not a single source for developing quality management. Much like the definition of craft technology implies; wisdom, intuition, and experience are still fundamental in decision-making for managers (Daft, 2013, p. 280).Chapter 8: Do you believe that technology will eventually enable high-level managers to do their job with little face-to-face communication?Despite our increases in technology these will never take the place of face-to-face communication. Moreso, increased technology will enable high-level managers greater ability to interface with their teams. Something to be consider with this is a span of control and how, often, high-level managers do not communicate directly with many subordinate employees but utilize a select group of higher level managers to communicate and enact their policies. However, advances in technology allow high-level managers the ability to pass their messages along to a team that is deep and wide quicker than ever before. The increase of technology will not decrease the amount of face-to-face communication that high level managers exhibit because leadership presence is a must if you are going to gain a teams commitment. The human factor of leadership will always apply to leading a team successfully and a major part of that is showing your face to your team.Chapter 9: Look through several recent issues of a business magazine (Fortune, BusinessWeek, Fast Company, etc.) and find examples of 2 companies that are using approaches to busting bureaucracy. Explain the techniques that these companies are applying.One new approach to busting through the bureaucracy and getting to the heart of business, making money, is through the gaming industry. This past month, Forbes published an article on the emerging market of app store games that cost customers only a few dollars, but yield the iconic celebrities and business minds behind the ideas hundreds of millions of dollars. One concrete example that Forbes highlights is the Kim Kardashian: Hollywood app that has been downloaded 45 million times and generated $160 million in revenue (Robehmed, Forbes, 2016, p. 69). In just one year Kim Kardashian has pocketed, $45 million over the period with 40% of her yearly paycheck coming from the game (Robehmed, Forbes, 2016, p. 69). Clearly, gaming and app store development is an emerging market that is in its growth stages of development. As our textbook points out, it is at these stages of development that innovation and profits are maximized, while bureaucracy and regulation is limited. Because of this explosive growth market and lack of bureaucratic requirements to enter, celebrity-driven mobile games have become a $200-million-a-year business (Robehmed, Forbes, 2016, p. 69). It seems that everyone, celebrities and athletes alike are pursuing the development of an app in their likeness, where app developers will pay royalties of 22% of the profits (Robehmed, Forbes, 2016, p. 73).Chapter 9: Do you believe that a no growth philosophy of management should be taught in business schools?No growth is a philosophy that should not be taught in school. Unless an organization is a governmental organization that can accomplish its mission and objectives without additional personnel then no growth might be appropriate. But for organizations in a capitalistic economy, no growth should be the furthest thing from their minds. A better approach to focus business managers is to understand the life cycles of their organization and when it is appropriate to transition from a maturity and growth cycle to new cycle of inception that can grow to maturity without any decline along the way. If a company cannot enjoy a continual steady growth and reaches a plateau of maintenance that teach business managers the techniques that are useful to maintain an organization while it looks for its next phase of growth is useful. However, no growth philosophies are counter-productive to a capitalistic society and should not be taught as an effective means of business management.How can/should a biblical worldview be applied?That is a very broad question but to be concise, trust the Lord with all your heart and lean not on your own understanding, in all your ways acknowledge Him and He shall direct your paths (Scofield, 2004). The entire Bible is replete with examples of how to approach lifes situations, whether in business or in relationships. As the author of Ecclesiastes writes there is nothing new under the sun, and such is the case with business (Scofield, 2004). We might have new advances in technology and business, such as the mobile app emerging market mentioned above, however, what has not changed is the condition of mans heart. The Bible states that the heart is deceitful above all things and this highlights to us, that the only full trust we should have is in Gods word and the reverence of His hand in our lives. On the eve of a decisive Presidential election and major social rifts throughout the United States, we must realize that our business, politics, religion, and personal lives are no longer separate matters. Technology has allowed all of these facets to merge together and this has caused a confused, hostile, and weary American people. As Christians we must set a Godly example by resting in the fact that God is in control and that nothing happens in this fallen world without going through the hands of our Heavenly Father.Daft, R (2013). Organizational Theory & Design, 12thed. Printed in Canada: Cengage Learning.Robehmed, N. (2016). Game Changes. Forbes Magazine. Volume 198.Scofield, C. (2004).The Scofield study Bible: King James Version([Red letter ed.], 2003 ed.).New York: Oxford University Press.
Describe an experience or person the author encountered that stood out to you and describe the impact on your personal philosophies and/or future career.
Upon completion of, youwill write a four-page reflection paper or generate a reflective project that summarizes the book and describes how the concepts discussed in the book are applicable to yourfuture career.For the reflective project:The reflective project provides an opportunity for youto demonstrate means of action and expression using the universal design for learningguidelines that we discussed in our disability studies in education unit. Youare encouraged to share a brief proposal of the reflective project idea with the instructor for approval and feedback. The goal of this project is to share a brief summary of both books, the themes most salient to you, and a reflective application for your future career. An example would be creating an infographic that includes images of places Simi traveled and people she metwith descriptionsherexperiences, what youve learned from them, and how they apply to you and your future.For the reflection paper:In fourdouble-spaced pages, pleasewrite a summary and reflection of the book and application to your future career.Page 1 and 2: Provide a summary of thebookand include the messages or themes from the authorthat were most salient for you.Page 3: Describe an experience or person the authorencountered that stood out to you and describe the impact on your personalphilosophies and/or future career.Page 4: Describe how the overall concepts, people, and experiences in the books apply to or connect with your future career.