Value Chain Analysis

value chain analysis Inbound Logistics Operations Marketing Service Outbound Logistics SAP , VCM SAP , CRM – DMS Strategic Alliances Transporters, Convoy Drivers Association Dealer Network, Marketing Research Firms, Vehicle Financing Regional Warehouses, Dealer Workshops, Distributors, TASS 9 Value Chain Analysis: Tata Motors Inbound Logistics Long term contract with service provider’s – transporters and agents Personnel at regional offices for over seeing the smooth transit of goods Transparency and monitoring through deployment of IT – all transactions through SAP DTL supplies for critical high value items. Efficient storage facilities – easy storage and retrieval Operations Capital Equipment Manufacturing division – tooling development capabilities of global standard. Apprentice Trainee Course – ensuring stable source of skilled manpower. Kaizen & TPM team – continuous drive to improve efficiencies. Automated manufacturing processes. Distributed manufacturing – Assembly units at South Africa, Thailand, Bangladesh, Brazil etc Maintenance – technical competence Capacity Utilization – Mercedes Benz cars make use of Tata Motors paint shop facilities. Outbound Logistics Stockyards, all across the country Long term contracts with transporters – higher volume of business to transporters ensures competitive price. Regional Sales Office and Vehicle Dispatch Section linked through SAP. Efficient security system for prevention of any kind of pilferage Marketing and Sales Structured approach to understanding the requirements of individual customers – QFD’s conducted at regular intervals. Clear identification of product requirements, leading to development of innovative products – Tata 207 DI, Tata Ace Pan India presence and global footprint. Independent teams for addressing the requirements of institutional customers – Defense, State Transport Units Helping to augment the scarce resources – Fiat selling vehicles through Tata dealerships, in return Tata has access to Fiat’s technology and unutilized capacity. Quick assessment of the changing market dynamics and consumer preferences – Tata 407 LCV Large network of dealers – use of technology : DMS. Service Easy availability of spare parts Efficient collection of data from field and communication to the respective plants Pan India presence, as well as global presence. Large network of workshops – Dealer workshops and TASS Training facilities – for dealer end and TASS personnel Procurement E procurement initiative Global Sourcing Team – China, a key destination for sourcing essential items like tires, power steering units etc. , Steel procured from Belarus Long term relationships with a stable and loyal pool of suppliers Technology driven procurement – SAP and VCM Strategic subsidiaries & JV’s – TACO group of companies, Tata Cummins Centralized Strategic Sourcing for key components – FIP’s, Steel etc Group resources – Tata Steel and Tata International Localized supplier base at mfg. locations – low inventory levels Value Chain Analysis value chain analysis Inbound Logistics Operations Marketing Service Outbound Logistics SAP , VCM SAP , CRM – DMS Strategic Alliances Transporters, Convoy Drivers Association Dealer Network, Marketing Research Firms, Vehicle Financing Regional Warehouses, Dealer Workshops, Distributors, TASS 9 Value Chain Analysis: Tata Motors Inbound Logistics Long term contract with service provider’s – transporters and agents Personnel at regional offices for over seeing the smooth transit of goods Transparency and monitoring through deployment of IT – all transactions through SAP DTL supplies for critical high value items. Efficient storage facilities – easy storage and retrieval Operations Capital Equipment Manufacturing division – tooling development capabilities of global standard. Apprentice Trainee Course – ensuring stable source of skilled manpower. Kaizen & TPM team – continuous drive to improve efficiencies. Automated manufacturing processes. Distributed manufacturing – Assembly units at South Africa, Thailand, Bangladesh, Brazil etc Maintenance – technical competence Capacity Utilization – Mercedes Benz cars make use of Tata Motors paint shop facilities. Outbound Logistics Stockyards, all across the country Long term contracts with transporters – higher volume of business to transporters ensures competitive price. Regional Sales Office and Vehicle Dispatch Section linked through SAP. Efficient security system for prevention of any kind of pilferage Marketing and Sales Structured approach to understanding the requirements of individual customers – QFD’s conducted at regular intervals. Clear identification of product requirements, leading to development of innovative products – Tata 207 DI, Tata Ace Pan India presence and global footprint. Independent teams for addressing the requirements of institutional customers – Defense, State Transport Units Helping to augment the scarce resources – Fiat selling vehicles through Tata dealerships, in return Tata has access to Fiat’s technology and unutilized capacity. Quick assessment of the changing market dynamics and consumer preferences – Tata 407 LCV Large network of dealers – use of technology : DMS. Service Easy availability of spare parts Efficient collection of data from field and communication to the respective plants Pan India presence, as well as global presence. Large network of workshops – Dealer workshops and TASS Training facilities – for dealer end and TASS personnel Procurement E procurement initiative Global Sourcing Team – China, a key destination for sourcing essential items like tires, power steering units etc. , Steel procured from Belarus Long term relationships with a stable and loyal pool of suppliers Technology driven procurement – SAP and VCM Strategic subsidiaries & JV’s – TACO group of companies, Tata Cummins Centralized Strategic Sourcing for key components – FIP’s, Steel etc Group resources – Tata Steel and Tata International Localized supplier base at mfg. locations – low inventory levels

Benjamin Cardozo Leaders program Essay

The final spot in the University of Buffalo’s graduating class of 2011 should be offered to me because I embody the values of hard work, dedication, determination, and self-discipline that are essential in succeeding as a college student and later as a professional in my field. I have always had plans for a successful future – in younger years I had thoughts of pursuing the medical field, like my sister, but have since decided that being successful means following my own interests and dreams. I have been fascinated with how things work for as long as I can remember; automotive design holds a special attraction for me. During my junior year of high school I came to the realization that adulthood and the ‘real world’ are fast approaching, and got serious about outlining my plans for the future. Now, as a graduating senior, I am on the verge of proving to everyone else what I have always known – I am going to make something BIG out of myself. After careful and diligent examination of my personal interests and values, I have decided that my optimum career choice is to be a self employed mechanical engineer. In this profession I will be able to exploit my passion for how things work, while designing my own creations – and being self employed will allow me to reach my full potential, limited only by my dream, drive, and education. Knowing that the quality of my education is essential to achieving my lifetime aspiration will continue to provide me with a hunger for the acquisition of the knowledge and experience of my professors and future student colleagues. I plan to embellish my studies of mechanical engineering with a second concentration in business management, to culminate in an M. B. A. which I believe will help me acquire the knowledge necessary to run a profitable and successful business. It is my true dream to do for the world of mechanical engineering what Bill Gates did for computing and what Sam Walton did for discount retail – to become an industrial giant through knowledge, drive, and a passion for doing what I love. The University of Buffalo needs me on campus because of my experience in leadership, through the Benjamin Cardozo Leaders program, my strong work ethic – as evidenced by my current employment, and my passion for mechanical engineering. I pledge to use this spot to the best of my ability to simultaneously increase my academic knowledge and to uphold the positive public image that the University of Buffalo portrays. My background in athletics, as well as my high school and employment experience have all increased my people skills, and I plan to hone them even further in collaborating with fellow students and being involved in mentoring programs that import to teenagers how important goals, drive, and education are in the accomplishment of great things. I believe strongly that this college will help me accomplish great things, and it is my intent to accomplish great things while I am there.

Aerospace engineering Personal Statement Example | Topics and Well Written Essays - 500 words

Aerospace engineering - Personal Statement Example Go fight the slash of rain and face the force of wind, your cheeks will tan and the palm of your hands shall thicken. This is a motto that has constantly driven me and given me the zeal to work even harder, whether on the hundred occasions when I contacted people and hosted events at the ‘I can fly’ program both in high school and college, or whenever I face a challenge in my program at the university. My deep interest in aerospace engineering has provided me with a focus in my life and noteworthy opportunities. I am currently a bioengineering student, but intent to fulfill my long cherished dream by studying aerospace engineering. Further, I want to apply for other internships offered by other airlines, but they are limited to aerospace engineering major, and I may never get a chance if I am a bioengineering. In the past few years I have been in the university, I have had experiences that have assisted me become more familiar with aerospace, while at the same time boosting my interest. I joined the ‘I can fly’ program at the Cathy Pacific Airways, which explores several careers in aviation. Through the several lecturers, field trips, and hands-on exercises within the program, I gained valuable experiences in the aviation field. I was later elected the vice-president of the advanced ‘I can fly’ program, an opportunity that equipped me with the knowledge of a real employee within aviation. In program, I had an opportunity to help the people repair jets and planes an d hear stories from the retired veterans, which would help me in future. I have gained more than my expectations from this program and books, and I intent to further my knowledge by enrolling as a student in your esteemed university. Despite being a woman, I have a passion in aviation, believing nothing is impossible. I have some personal attributes that I believe have been a source of motivation and success in my academic and social life. I intent to use these attributes

Global prespective Essay Example | Topics and Well Written Essays - 1750 words - 1

Global prespective - Essay Example The country has been described as one of the most stable Middle Eastern economies with a relatively good security situation. Since the gulf war in which the country was involved, Qatar has been a peaceful haven for business activities in the area. The government plays a huge role in the determination of what businesses should or should not run. The government has in recent times executed heavy censorship in the liquor and food businesses to the point of being authoritarian where different liquor business have been closed and no explanation offered for the same. Other businesses have however run independently. The country has good bilateral relationships with the United States and there are many US companies operating in the area hence it will be easy to establish our operations. American workers and companies face a little discrimination in the country as the countrys leadership attempts to maintain a pious image elsewhere while projecting the west as corrupt. There are however, no i ncidences of extreme fundamentalism. Qatars economy is hugely oil-based. The country has huge oil reserves that are estimated to last at least another century. The country has attempted to diversify from petroleum although it still accounts for more than 50% of the countrys Gross Domestic Product. The country embraces the ideals of free trade with limitation to business enterprises that have a connection with the Sharia law. The country has an effective tertiary industry with easily accessible banking and insurance services. The Qatar Financial center affords financial institutions globally competitive services, capital support and no interest loans(Forbes, 2012). The country has a cheap and efficient road transport owing to the low prices of petroleum and word-class road network. Communication is as developed with good internet and telephone coverage. The country has a good number of local and international media

International Business (Embraer Corporation) Essay

International Business (Embraer Corporation) - Essay Example The internationalization strategies that the companies resort to, often involve numerous factors. In the light of this fact, it should be stated that most governments are interested in attracting the financial resources of the Multinational Corporations. Therefore, while some companies develop their product, extend markets, increase the amount of workers, the others win governmental tenders, invest, and look for partners. Another aspect of the trade globalization strategy is closely linked with the opportunity to create employments all over the world. While the governments get an opportunity to reduce unemployment rates, the MNCs enjoy lower labour costs. The aim of the research is to analyze the globalization and expansion strategy of the EMBRAER (EMBRAER - Empresa Brasileira de Aeronautica S.A.). Since it is one of the largest aeronautical and aerospace conglomerates, it should be highlighted that the Brazilian globalization experience may be regarded as a universal path to success for other corporations with headquarters located in the developing countries. Company Overview. The company was founded in 1969 as a government owned corporation. It was engaged in developing and building aircrafts, including commercial and military machines. The globalization process of the EMBRAER Corporation started in 1994 when the company was privatized. The manufacturing capacities are concentrated in Brazil, and by 2010 the company had occupied the third place among the largest commercial aircraft suppliers (jointly with the Canadian Bombardier), while the first two places righteously belong to Boeing and Airbus. The total number of employees exceeds 17 000, and the expected net income in 2012 approaches to $ 350 million. Business units of the corporation are located in Brazil, USA, China, France, Portugal, and Singapore. In general, the internationalization of the aircraft business became the key driver of the expansion processes in EMBRAER. (King, 2006) In accordance with the official data, given on the website (Embraer Profile, 2012), the growth in 2000s was mainly stipulated by the increased demand for the ERJ aircrafts family. Considering the fact that the world demanded high flight safety after September 11, 2001, the company succeeded to adapt to the changed requirements of the aircraft building industry. The expansion strategy of the EMBRAER Corporation is mainly associated with the opportunity to invest into the aircraft and air transportation industries. Therefore, as it is stated in Kronemer (2006), American Airlines operates up to 200 ERJ jets. Regardless of the fact that AMR owns these aircrafts through the American Eagle Company, the EMBRAER had an opportunity to provision up to R$583.2 million. In the light of this fact, it should be stated that the described decision could influence the secondary market for medium sized jets, and the company performed essential restructuring the financial management oriented at international markets. Jo hnson and Turner (2003) emphasize that such a restructuring was needed for covering potential expenses, and getting financial guarantees linked with the ERJ 145 jets supplies. The next step was linked with the investments into the customer support network. Executive aviation is regarded as the sphere with the highest priority. On the other hand, the commercial aviation investments were

Mexican War Essay Example | Topics and Well Written Essays - 500 words

Mexican War - Essay Example ico was becoming quite nervous about the number of Americans migrating into California, since they had no desire to go through another annexation such as Texas had been (Heidler and Heidler 48) It was also the belief of most politicians at the time, including President James K. Polk to achieve Manifest Destiny which stated that it was the wish of God to have all of the land under one government, from the Eastern coast of the Atlantic Ocean to the Western Coast of California (Heidler and Heidler 143). Between the wish to have the land of Texas under the flag of the United States, as well as the philosophy of Manifest Destiny, the United States declared and entered a war with Mexico in order to gain new land to add to the United States and achieve the dream of a coast-to-coast United States. Though Mexico and the United States had never been friends, the annexation of Texas in 1845 was a major blow to Mexico. Upon learning that Texas had, in fact, been annexed, Mexico banished the American ambassador and cut all diplomatic ties to the United States (Mintz, Moores, and Moores). Though the attempts made by Mexico to retake Texas in 1842 had been unsuccessful, they still refused to recognize the authority of Texas as a separate nation, holding out the hope that they could indeed retake the country (as it was then thought of) that had originally been part of Mexico (Mintz, Moores, and Moores). The United States offered Mexico $5 million to recognize the border of Texas as the Rio Grande River, rather than the Nueces River 130 miles northeast(Mintz, Moores, and Moores). The United States also offered up to an additional $5 million for the territory of New Mexico, and an additional proposal offering up to $25 million for the land of California (Mintz, Moores, and Moores). The Mexicans refused any and all offers due to their anger over the loss of Texas (Mintz, Moores, and Moores). Despite attempts to preserve peace, it was soon felt that war was the only

Assignment Essay Example | Topics and Well Written Essays - 500 words - 90

Assignment - Essay Example He was ingenious to develop the idea of burning pagan temple that both sides loathe. This was the common ground he found suiting his mission. Photo A shows the inside of a meticulously designed temple. There are individuals who seem to be curiously studying and enjoying the temple design. Perhaps, their curiosity is motivated by the miracle of burning the same temple later in an attempt to save the religious relationship amongst the inhabitants of Londonderry. Though the temple has an exotic design, it was later burned down. The temple design is a good indication of the development and growth people even those with differences can attain together once they put their differences apart. The youths the artist invited to help in erecting the temple did their job well, and the beautiful temple is a statement of that. In photograph B, there is now a multitude that gathered outside the burning temple that can be symbolically taken also to burn the sorrows and the ills of the past. The differences are no more. There is a vast group of individuals present to witness the burning. They seem to be relaxed, no sign of tension from either side, and it is impossible to tell them even apart. They are just watching the temple go down in flame. This can be taken to signify the burning of their historical differences, and setting another phase where individuals co-exist in harmony. Additionally, fire in by any means associated with evil but in the region of Londonderry, the fire has a local meaning where it represents the troubled times of rivalry where each side suffered significant losses of life. Just like Rev. David Latimer talked of a light set on a hill, the burning of the temple could not be hidden. Both the Protestants and the Catholics witnessed their differences, and their common enemy burn down. Th ough Rev. David Latimer initially was skeptic of the tactics David Best employed to burn a temple. He had a history of this region;

Causes and effects pf the major strikes in USA between late 18th and Essay

Causes and effects pf the major strikes in USA between late 18th and early 19th century - Essay Example The essay will review major strikes that the United States history has seen and experienced. The review will be divided into three parts: first are major strikes from year 1875 to 1890 which includes Great Railroad strike 1877, Southwest railroad strike 1886, Haymarket riot 1886, and London matchgirls strike of 1888. Second are major strikes from year 1890-1900 which will include Right to unionize after a strike 1890, Homestead strike 1892, Couer d’Alene labor strike 1892, Bituminous Coal mine strike 1894, and Pullman strike 1894.Third are major strikes from the year 1900 to 1910 including Anthacite Coal Strike 1902 and New York shirtwaist strike of 1909. After providing an insight on the history of strikes, the essay will discuss the causes and effects of strikes as a whole. Great Railroad strike 1877: The Great Railroad Strike of 1877 was considered as the first major rail strike of the country. It paralyzed for a short time the countrys commerce and forced the governors in ten states to gather together 60,000 militia members to revive rail traffic. This happened when the salaries of employees from railroads were cut as a result of the Financial Panic in 1973. The workweek was also slashed from three to two days only. Violence then broke out in several states because of the strike (Digital History). Southwest railroad strike 1886: The so-called Great Southwestern Strike of 1886 paralyzed the railway lines in five states in USA when the unskilled and semi-skilled railroaders refused to work for their employer. This was a reaction to the ways of the railway â€Å"king† Jay Gould as being ruthless monopolist and destructive speculator when he slashed labor costs, exploited the laborers and cut wages without notice and discriminated employees. Violence has taken place which caused death and injuries. The strikers did not succeed and were divested of their jobs. However, a biracial alliance among the

Gothic Genre Explored in Tim Burtons Films Essay Example for Free

Gothic Genre Explored in Tim Burtons Films Essay

Toy Business Plan Essay Example for Free

Toy Business Plan Essay 1.  Ã‚  Ã‚  Ã‚  Ã‚   executive summary This project proposal is being submitted in fair view of globalised businesses and the success it has achieved. Internet technology is enabling to the growth of SMEs apart from multinational businesses. There is greater scope for new opportunities with optimized skill and knowledge invested as the basic requisite to begin any venture. Times always change and so also generation of entrenpreneurs. There are many advancements in the present technology times, the present generation of people are much faster, quickly grasp and in possess potential abilities at a young age to start off businesses on ownership. On a single platform there is a rapid growth of business with the skills and expertise knowledge in a particular field. There are many developments, changes happening around the world and essentially among all financial independence is the most important in order to live well. With this view, after coming to an understanding, that people who possess excellent business skills and have adequate knowledge to run a business, this business plan of toy currency has been prepared with a motive to serve customers and to provide employment to other people as an income source. Toddlers are the precious customers who are going to making this business much bigger. Toddlers are most individualistic in perception, who do not permit others to involve in play time. Toy currency is being extended to children who are one year old or above who can learn and understand about currency coins, denominations and how it is counted and used. Although the idea of money is a big word for children who are one year old, pronunciation of dollar currency, learning about denominations, counting currency are some of the basics that are being promoted to children. Objective 1 Objective Time frame  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Dollar currency An excellent product.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Educational toy for children Business that can tap toy market.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Age group 1year and above Returns in a span of 6-12 months Objective 2 Objective Time frame  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To entertain and educate children.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To market innovative and useful toy products 6-12 months  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To be a leader in toy industry 3-5 yrs. cash flow   graphic 2.  Ã‚  Ã‚  Ã‚  Ã‚   Introduction 2.1.  Ã‚   Purpose The purpose of this business plan is to start a dollar currency game for toddlers as a promotion of education.   The proposed education game is non-hazardous and extremely attractive for toddlers as a tool for pre-school learning at home.   This business plan requires minimum investment and minimum number of workers whereas its idea is to reach a large pool of customers on a global level. Although the business is not too motivated towards making quick profits, with the entrepreneurs experience and energy, this business would like to expand in future years on a consistent pace marking a reputation in the market. 2.2.  Ã‚   Description of the product/service Product distribution rights are freely available in retail chain and wholesale market apart from franchise outlets. However, the distributors and franchisees are expected to have a permit license to sell toys and also must abide by the legal terms and conditions that are provided by the company.   Further wholesalers and retailers are not authorized to claim any legal rights about the toy apart from distribution and sale. The entire ownership and copyrights of toys rest with the   manufacturing company. Further apart from consumer market, the toy would also be available for preparatory model schools, kindergarten and upper kindergarten schools. This is permitted in order to bring awareness among schools that such educational toys are also being promoted in order to make teaching skills much easier. 2.3.  Ã‚   Background The motive behind this business is to start an independent unit which is both useful and that sells all through the year without any halt. Both entrepreneurs have excellent business skills, one with a degree in MBA and the other with M.A (Child psychology) Both are of the view that launching an educational toy would be a massive success as this product is presently not available in the market and with this innovative idea, entrepreneurs are also of the opinion that the business would also provide employment to those who are jobless. Appendix I : Details of proprietors. Purchase of on-going concern is also a good idea, as most of the manufacturing equipment, office systems, and manpower are readily available for takeover whereas minimum operating expenses and start-up expenses are the only major expenses.   Another opinion is also stated here that a new set up of business is also a good idea whereas extra efforts and care is required until business takes its shape for start-off and take-off. 2.4.  Ã‚   Assumptions There are absolutely no assumptions that do not materialise or work in a practical manner.   This proposed business being a mathematical and educational toy/game for kids; there are no misconeptions about the acceptance and success of currency toy/game in the toy market. 2.5.  Ã‚   Definitions Toy dollar currency : This means that U.S currency in wood or plastic form is designed only for learning or for playing for little children. This currency carries no commercial value or resale value. Wholesaler : Wholesaler is a licensed toy seller   who is authorised to distribute toy dollar currency game to retail stores, schools, educational institutions or any other place where pre-school training or learning is provided. Franchisees : Franchisees are those who enter into contract with the entrepreneurs that no other product franchise would be undertaken within the contract period and carry exclusive rights to market toy dollar currency at a global pace with the medium of Internet or through any other effective marketing tool under the disclosure of owners of business. 3.  Ã‚  Ã‚  Ã‚  Ã‚   GENERAL analysis 3.1.  Ã‚   Business Mission The mission of business is to promote healthy, innovative and knowledgeable products for growing generation. In this global arena, it is required that kids have to be in a learning environment which would shape kids in a better way in development of personalities.   Globalisation has evolved several global businesses wherein every business produces a new product, new idea, new promotion and motive is ultimately to make quick profits whereas our mission is far distant to such speedy money sources. Business   must extend a product that is useful to consumers and in return consumers take care of companies to grow and prosper which is the give-n-take policy of this   business.   In fact businesses must grow along with consumers which gives a complete satisfaction both to consumers as well to entrepreneurs. The purpose of this product is to assist kids to learn about dollar currency counting in the initial stages of learning.   Especially toddlers taste every toy and find out what it is meant for. That is the origin of child psychology. Whether it is a candy or a toy, toddler identifies only by tasting it.   Toddlers prefer exclusive premise for breakfast, lunch and dinner and so also for play time. At times, if there is a disturbance to privacy or interest, toddlers yell in order to tell how big and important the meal and play time is. In such instance, a think over plan is here to provide knowledge to toddler about dollar currency beginning from cents. This toy comes in a 30L x 15B box with a 3 steel/plastic rods fixed in it. Coins beginning from 1 cent to 100 cents are fixed to enable toddler to learn counting of cents.  Ã‚  Ã‚  Ã‚   The second rod contains coins beginning from 1 dollar to 100 dollars. The third rod contains coins beginning from 1 million to 100 million.   The rods cannot be removed and neither the coins. The toddler can only push from one end to the other by counting cents, dollars and millions.   Three colors are chosen for three rods and also for coins for easy identification of coins denomination.   There is a provision for learning addition, subtraction, multiplication and division (BODMAS) whereas it is not a must for toddlers. The market served would be entire domestic market and also depending on the marketing methods, export of sales to other countries are   expected. In the initial period of launch of product, the owners are expecting a good feedback from wholesalers and franchisees.   The pricing of toy would be reasonable costing $5.00 and after when sales pick up in a span of one year or more, there is a probability to increase the selling price by another $1.00. Primarily the owners would like to tap success in toy market by launching this product and also with the motive to satisfy customers who are looking for such educational promoting product.   Owners would like to consult parents, buyers and other distributors for feedback and also consider opinions about the product from time to time. Goal of business would be to run a self-sufficient business apart from offering employment to others, as jobs have become necessary particularly in a country like U.S where people are working 16-18 hrs per day doing two or more part/full time jobs, the owners believe that ‘live and let others also live’.   Owners are also of the fact that, money making in business is important   whereas customer satisfaction is equally important.  Ã‚   Many businesses in the past have proved this fact that ethics in business are very important in order to grow consistently and to stay in business market. Individuals who are educated and mastered the skills for doing excellent business can very well float a business independently instead of working elsewhere and as a matter of fact, there are many housewives and couples who have begun businesses in kitchen which have later grown to be multinationals which reiterates that skill, dedication and customer satisfaction are three variables that have to be looked into to enter business field. 3.2.  Ã‚   Business Structure and Management The proposed business would be a private limited company with two important entrepreneurs as the driving force behind the business plan.  Ã‚   The management considers the advice of business consultants, accountants and legal experts in order to incorporate a private limited company, establish manufacturing unit, and commence business with administrative staff viz., accountant, marketing manager, reception desk and skilled labor . While accountant would be taking care of complete financial system of company, marketing manager would be completely responsible for marketing the product and inform management on daily basis about the feedback and response from the market. Reception would be responding to enquiries for distributors, wholesalers, retailers and other educational institutions and provide complete information to management on every day basis. Workforce would be approximately less or equal to 10   individuals in order to manufacture plastic coins and rods, make carton boxes, arrange and pack and load into transport or deliver the product to the destination.  Ã‚   There should also be provision for trucks, drivers and   helping boys to load cartons from one place to another. Further company’s web site neatly designed providing a complete set of information about product, facility for online purchase, email, enquiry form should be made available in order to tap online sales for the product. 3.3.  Ã‚   Market Environment Management is confident that the product would be very well accepted in the market and would increase sales in the first month of its launch. The reason for this assessment is due to the fact that there is no other isolated currency toy in the market at present whereas other games include business as a concept for the age group of above 8yrs which are called as ‘monopoly’ . This game encourages children to count paper currency, buy hotels, resorts, which explain children that business and personal income can be earned in various forms and methods by doing buying and selling with the medium of currency. Similarly, a toddler hardly when one year old, when begins to learn alphabets and digits, a concept of currency counting helps child to gain knowledge about money and how it is counted and what are its forms.   This game faces absolutely no competition as it is the first ever toy that is being launched in market for this age group of one year and above especially when it is coming in educational promotion. This does not mean that educational toys are not available in the market. There are many for kindergarten for learning alphabets, maths, science and many other I.Q games and toys.   This particular model of toy is not available in the market and with this stance, when a discussion was held, many toy market experts were of the opinion that toy price being moderately low, there is absolutely no question as to why the product cannot tap success and above all, all group of consumers would evince interest in buying this product as it was revealed in a survey. 3.4.  Ã‚   Plant Equipment Plant and equipment required for starting this venture is no more than $50,000 which includes operating expenses. Machinery for manufacture of plastic coins, embossing of currency in various denominations, colouring, printing and steel rods manufacturing machinery and machinery for making 3015 plastic boxes.   This is the major equipment that is required in order to manufacture toy currency. 3.5.  Ã‚   Skills Assessment There is a consultant who is experienced and who is an expert in toy market especially in designing currency, who is hired by management until the commencement of business.   The guidance of expert is proving to be the most precious for the management in order to train the labor to perform and produce the desired quality of toy. One of the owners is an MBA graduate who completely acquainted with business skills to motivate labor, and maintain good HR practices with workers and employees. Apart from this capital budget, finance budget and forecast of sales is also an expertise field of this MBA graduate entrepreneur. The other owner who is M.A in psychology understands and has the ability to promote this educational toy to schools and educational institutions for bringing awareness about toy currency and its important in development of child psychology.   The importance of money can never be taken for granted and it is important for parents and society to train children as how to handle money matters and how a currency can be useful in day-to-day life. In a way, this can be described as teaching of money management for children. 3.6 Risk Analysis At present, owners do not foresee any risks in commencement of business.   The SWOT analysis reveals that a great strength and energy exists with owners with the fact that an innovative product is being launched with a motive to serve and educate customers. This concludes another fact that motives matter most in business and good businesses thrive on honest motives. Apart from this, MBA graduate is fully conversant with business laws, legal and corporate laws. M.A child psychology helps even better to launch more number of good toys in the market which is also another strength of the making this business plan a success. There are no possible weaknesses in the business with the fact that both the entrepreneurs have a mixed strength and good motives. Unless there is a massive unforeseen loss or event that hampers the production of business, there is no scope for any crop up of weaknesses. Opportunities are many in toy market. In fact toy market is never saturated unlike other industries. There is always something new and also there is no end for demand and supply. Threats in toy market are although at a moderate percentage, the proposed toy currency is free from any hazards as the children cannot dislocate coins and have to sit at one place and play as long as the interest goes on. Record the SWOT details in Appendix:II 4.  Ã‚  Ã‚  Ã‚  Ã‚   operational plan 4.1.  Ã‚   Key Business Objectives Key business objectives in â€Å"SMART† system are as follows: S – Specific : To promote toy currency as a good product in toy market. The objective of the business is to promote educational products to children under the age of 5. Certainly the motive is not behind making quick money and rather serving customers useful products   and definitely making a new pattern of design and mark in business. Therefore, there is a professional code in starting this business which is why the objectives of business are very specific. M – Measurable : The performance of business is forecasted to do extremely well with toy currency entry into the market. Initial sales volume is expected to sell approximately 10000 toys in the first 5 months of launch and thereafter there is a proposal to increase 1000 nos by every month.   As this is only an assumption whereas when the product truly available in market, the sales are expected to rise above assumptions. In a span of three years, i.e. by 2010, the business is expected to be really doing well with a proportionate share of sale of product in the toy market. A – Achievable : The targets set before Achievable targets within the limitations of business. Depending on the orders that would be received from various distributors, the production would be made. Although, the start-up appears to be at a low pace, there is a guarantee that future targets would be quite achievable depending on the sales and order volumes recorded each year. R – Results oriented : This business is quite practical and extends knowledge and comfort to customers. There would be no difficulties or any problems that can occur with the usage of product. The product is absolutely result-oriented and there is a premonition that by the end of first month of production, there may be a requirement to double the production in order to meet the demand of product. T – From the very first day business , management is active working operations, collecting feedback, finding new customers, distributors, picking up of orders and paying more attention that quality of goods is perfect. Initially at the end of every month, there would be a trial balance, balance sheet for taking note of sales and profits. Once the financial statements are indicating good sales track and profits, quarterly PL and thereafter half-yearly and yearly.   For any business to mark success, time is the essence whereas for this project,   there are absolute guarantees for success with the fact that this is an innovative product being manufactured in the interest of future generation of children. Objective 1  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Objective Time frame  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Conduct a professional standard  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Run an efficient business 1-5 yrs  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Practice business ethics 4.1.1.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Implementation Strategy In this stage of implementation, firstly the incorporation certificate is to be obtained that a private limited company is being incorporated with the name â€Å"Currency Point Pvt Ltd† The two directors would be Bill Joe and Charles who would be busy in commencement of business operations. A suitable location is to be selected for installing machinery to begin production. The premises would include both production and administrative office. Staff and workers have to attend regularly until orders are picked up. Advertisement through brochures, television, classified ads and websites would enable fast pick up of sales. Further designing of website and launching for marketing is also essential.   Preparation of monthly sales report, marketing report, Income and expenditure statement and targets for future months have to be recorded on a monthly basis.   Suitable guidance, training and advice must be provided to workers and employees in both administration and in production. It is also good to retain employees with the fact that frequent new appointments require excessive time in recruitment, training and guidance.   Appendix:IV Development Brief description rationale Cost 2008  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   First year of commencement of business. The objective is to market product and record sales as much as possible 10000 2009  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Market and sell the product and aim to record a higher sales volume. 20000 2010  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Increase business volume by exporting and also open RD centre for working on new educational toys for children. 30000 4.2   Marketing 4.2.1Market Research According to the market research conducted, toy currency is not available in the market which is designed especially for toddlers between the age group of 1 and 1 ½ years. 4.2.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Positioning in the Market There is zero competition from competitors as there are no companies which are manufacturing this product and in fact the management owns the complete credibility of the product from the groundwork till the launch of product into the market. 4.2.3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Pricing Strategy Pricing of the product is fixed at an affordable rate keeping in the view of both poor and middle class families.   Toy currency is fixed at $5.00 as MRP price in the market. 4.2.4  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Target Market The market focus would be all through the United States and Europe and thereafter marketing would be shifted to Asia, Africa and other parts of the world.   Here at this, it is important to take note that if orders being booked for Europe, company management would consider the opinion of customers whether the toy currency should be indicated as ‘Euro’ for European buyers and so also for other parts of the world. It is true that toy is being manufactured in dollar currency, wheras if other global customers prefer regional currencies, a provision is included to manufacture according to the currency required.   However, this is only a provision and not mandatory to meet as an obligation in order increase order supplies. Toy currency is aimed at entertaining toddlers whereas if it is entertaining upper age group, this business appreciates the interest.   There are no limitations or no rules for customers to buy this product. It is displayed in retail stores for $5.00 and any number of volumes can be purchased with proper billing system. 4.2.5  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Distribution Licenced distributors for toys are permitted to distribute toy currency after signing a contract with the company. Depending on the orders, each distributor generates, fixed incentive would be paid.   E.g. 500 orders per month would give an incentive of 0.25 cents x 500 = $125.00.   This rate of incentive is also applicable for franchisees.   Further franchisees are not permitted to promote any other product other than toy currency. 4.2.6  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Promotional Strategy Visiting Montessori schools,   collecting data about distributors, franchisees, advertisement are some of promotional strategies. These efforts are made in order to market toy currency in various places.   The company would like to stay focused with this product at least for a period of 3 years until business is stabilised. Further company promises excellent customers service, packing and forwarding , apart from good methods of publicity through door-to-door campaign, brochures and schools. 4.2.7  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Sales Targets The first year of selling is targeted to be at least 10,000 nos. The second year of selling is targeted to be 50,000 nos and the third year of selling is targeted to be 100000 and above. One of the reason to target an increase by 100 fold is the pricing of toy currency is at an affordable rate and it can purchased by every parent. 4.3. Financial Plan. 4.3.1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Start-up Capital Description Budget-Amt Incorporation expenses $   1,000 Premises for Rent $   4,000 Machinery $ 60,000 Installation $  Ã‚  Ã‚  Ã‚  Ã‚   500 Electricity and fixtures, fittings $  Ã‚   1,000 Raw materials $ 10,000 Miscellaneous $  Ã‚  Ã‚  Ã‚  Ã‚   500 Total $   77,000 Loan financing $ 100,000 Here there is a margin of $ 23000 as a safe mode of operation in order to meet other expenses if any occur at the time of production. 4.3.3 Assessment of Financial Viability of Proposed Business Owners are not investing any amount and financing of $100000 is sought from SBA or from other FIs and the repayment would be yearly $ 5000   which would take 20 months to refund entire loan amount. The cost of manufacturing of each toy currency box at production level would be $4.00 and with a profit of $1.00 the product would be marketed in consumer market.   This margin of profit if it is maintained, depending on the sales, the company can record huge volume of business even in the first year of business. For e.g. $ 5.00 x 10,000 = 50,000 (profit   = S.P – C.P, $ 50,000 $ 40,000 = $ 10,000)   If it is assumed that in the first 6 months on an average there is a sale of 10,000 nos the profit is $ 10,000 and this is after payment of salaries and expenses, which is reasonably good. Breakeven = Operating expenses / Gross profit margin Operating expenses Gross profit margin Breakeven 2008 $ 15,000   $   20,000 0.75 2009 $ 10,000 $ 120,000 0.83 2010 $ 12,000 $   220,000 0.054 4.3.4  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Cash Flow/Cash Position   Cash flow on monthly basis is expected to be moderately good. It can be further calculated as on an average if there is a sale of 200 nos per day 15 x $ 5.00 = $ 750 and monthly cash flow would be $ 750 x 26 (exclude Sundays) $ 19,500. If this is carried forward on for 12 months $ 19,500 x 12   = $ 234,000.   The proposed annual cash flow at the end of three years would be $ 234000 x 3 = $ 702,000. Out of the above, it is required to exclude salaries, tax payments and raw material expenses or any other expenses such as depreciation to machinery, rent and payment of electricity bills. 4.3.5  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Profit and Loss Depending on the sales, a forecast of profit is made approximately to $ 10,000 in the first year as $ 10,000   and for three years the profit would be $ 30,000. 4.3.6  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Balance Sheet The equity share capital which is invested to an extent of $ 100,000 is used in fixed assets and in commencement of business. 4.3.7 Ratio Calculations Profitability =   Earnings after Taxes / Sales I year : 12000/100,000 = 0.12 II year : 28000/200,000 = 0.14 III year: 192000/300,000 = 0.64 Return on Assets = Earnings after Assets / Total Assets APPENDIX I – CURRICULUM VITAE OF DIRECTORS Name : Bill Joe Age   Ã‚  Ã‚  : 26 yrs Education : M.B.A from Kelloggs school of business. Experience : 2 years as Business executive in Stand Still Toys Ltd., Los Angeles. Skills Category Grading of Skills Underdeveloped  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Well Developed List of relevant skill categories 1 2 3 4 5 Dynamic, energetic and potential abilities √ Excellent business and marketing skills √ Good and hardworking √ Name : Charles Age  Ã‚  Ã‚   : 26 yrs Education : M.A in Child psychology from St.Mary’s University, California Experience : 2 years as Schoolteacher in   St.Paul’s model school, Los Angeles. Skills Category Grading of Skills Underdeveloped  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Well Developed List of relevant skill categories 1 2 3 4 5 Dynamic, energetic and potential abilities √ Excellent educational skills √ Good and hardworking √ APPENDIX II – SWOT ANALYSIS STRENGTHS WEAKNESSES  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Education and experience OPPORTUNITIES THREATS  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Great scope for developing new toys. APPENDIX III – TIMELINE OF GOALS OBJECTIVES First Year Operation Development Brief description rationale Cost First year-2008 Establishing business  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Production, marketing and selling. $ 100,000 Second year-2009 Pick up of sales  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Increase in sales volume $ 200,000 Third year-2010 Stabilise business  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Domestic and export market $ 300,000 APPENDIX IV – MARKETING IMPLEMENTATION PLAN BUDGET    Marketing Plan Implementation Plan Budget for MI First year-2008 Establishing business and reach out for consumers Production and supply of product in domestic market. $ 100,000 Second year-2009 Identify new areas Increase in sales volume $ 200,000 Third year-2010 Stabilise business Domestic and export market $ 300,000 Appendix V Cash Flow Projections Cash flow statement Sources of funds 2008 2009 2010 Beginning cash 40,000 50,000 60,000 Sales / Income 100,000 200,000 300,000 Contributed capital 100,000 Available cash $140,000 $250,000 $360,000 Usage of funds Salaries 15,000 25,000 30,000 Operating expenses 15,000 10,000 12,000 Loan payments 0 5,000 5,000 5,000 Tax payments 2,000 2,000 2,000 Total cash out $27,000 $47,000 $49,000 Net cash flow $140,000 $250,000 $360,000 PROFIT AND LOSS Profit and Loss Account    2008 2009 2010 Total Sales 100,000 200,000 300,000 Cost of sales 80,000 160,000 240,000 Gross profit 20,000 40,000 60,000 Expenses Electricity, phone and internet 1,000 1,000 1,000 Travelling charges 1,000 500 500 Marketing 1,000 500 500 Raw material 5,000 10,000 20,000 Net profit $12,000 28,000 $38,000 BALANCE SHEET Balance Sheet 2008 2009 2010 Assets Cash and dues 40,000 35,000 30,000 Machinery 60,000 60,000 60,000 Total Assets Liabilities Loan 100,000 95,000 90,000 Total Assets 100,000 95,000 90,000 Total Liabilities 100,000 95,000 90,000 References The Business Plan is not Just a Plan, but Selling a Document Accessed January 11, 2008 http://www.1000ventures.com/business_guide/bp_startup_byvk.html Get the most out of your planning by setting smart objectives Accessed January 11, 2008 from http://www.smartmonkeymarketing.co.uk/news.php?a=20070612-1-SmartObjectives Three year projected income statement Accessed January 11, 2008 http://www.state.co.us/oed/sbdc/business/threeyear.pdf NxLeveLâ„ ¢Ã‚  Entrepreneur Business Plans Accessed January 11, 2008 http://www.nxlevel.org/download/123321_c_sU128881_s_i1591/e+bp+sum.doc

What Is Career Planning Commerce Essay

What Is Career Planning Commerce Essay Destiny, faith, dreams, these unstoppable ideas are held dip in the heart of men. As long as they are people who seek freedom in this life, this things shall not vanish from the earth. But most people die without realising this ideas. Would you let that chance pass you by? So i have to stand up and stop thinking like a scalar multitude (having a point of magnitude without a direction) but act like a vector (having a direction and a point of magnitude) i.e. doing a great career planning for myself. Firstly, what is career planning? The act of choosing a career path. In most cases it is done during adolescence and early adulthood. But it is often modified as changes in the self, the world or work change in the course of an individuals life. In other words career planning could be defined with different terms such as; career vocational counselling, vocational guidance and career guidance. Career planning could also be defined as the means through which we achieve our objectives and move closer to our goal. Career planning could be divided in to the vertical and horizontal direction. Horizontal career planning is based on the ways in which i will use to acquire the knowledge and skills of my dream job. In the other hand vertical career planning is based on the knowledge i have on the industry i wish to work for and how they have evolve over time.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For a start, what is my point of magnitude? My point of magnitude is the pick of my dreams, which is becoming a branch manager in an international bank. To reach this goal i have to go through some steps. Firstly, gaining my necessary skills needed for the job. So to gain these skills i have to be orientated on how to gain a strong educational background on my career. I will start from the level of achieving an advance level certificate in social science with a good grade (mathematic, Economics, Geography and philosophy). This will lead me to the next step in achieving an HND certificate in banking and finance. From this step i will try to gain work experience by doing my internship for a bank under the customer service department. In addition, I will strive on having my bachelor degree in business management. At this point, I will look forth on holding the position of a cashier in a bank that has a promising career growth like Lloyds TSB. Whi le trying to match up with this new responsibility, I while look on having a master degree in business management. I will try to impress my employer by showing my vocation for my job and putting in my knowledge in relation to my task in other to gain promotion in my career as a head teller which is the first line manager. After having my master degree in business management and obtaining the post of head teller in the bank, I will aim for a step forward. That is, being the vault custodian in the bank which is next to my point of magnitude. And finally, due to hard work, determination and devotion in my job, my chasse comes to an end when I am being promoted to the branch manager of the bank. All this steps sounds easy in writing or in word but actually, it is not what it seems to be. Yes they are obstacle that I will meet on my way to the top and not forgetting that the dream is not only mine so they will be competition on the way too. Looking in to the post of customer service. After having my HND in banking and finance at the age of 21, I will aim for an internship in the bank. This should be under the department of customer service in a bank. The point of view of an overall banking process, customer service plays a very important role in a banks income and revenue. The functions of this department mainly include dealing with returns, exchanges and complaints. Basically, our goal is not only to help the customers deal with their problems, but also offer them a service that exceeds their expectations. Several key points are listed as follows: 1. Know your product Know what service we are offering to customers completely. Make sure you can answer every question the customer asked correctly and explain every process in our service programs. 2. Body Language Most of the communication that we show to others is done through body language. Make sure to look your customers in the eye while they are speaking. It shows that we are listening to them. Also, talk with a smile is never bad. 3. Anticipate What Customers Needs It can make customer have a feeling of We care about them everywhere then improve their trust about our service. A customer service experience can change my perception of the customers: what do they want? What do they need? How can we help them? The most important is how to do an effective communication with customers. It is the so called commutation skill. Because of this is my first job, I can also learn how to get on well with each other: those who manage me, those who I manage, my colleagues, especially my customers. With these new skills I will look on to the next step, which is to further my education and career by gaining a bachelor degree in business management and trying to secure the post as a cashier in a bank which has a promising career growth like Lloyds TSB. Moving forward, what is a cashier? A cashier is a person who receives money or card payment from the customers for the goods purchased. Wherever any purchase of goods or services involved in every institute minimum of one cashier is employed. The number of cashier employed can be varied due to the range of work and the size of company. The more a smooth transaction between a customer and supplier a cashier deals the more expert he is. His responsibilities is not just limited to the collection money, they may vary depending upon the type of employment. Bank cashiers are the front line officers for the enquiries of customers entering a bank branch. So I will be responsible for the face to face interaction with the customers usually using customised computer systems to process transactions and deal with account enquiries. I am also entitled to undertake many of the day to day routine and administration tasks. As I will be a fresh officer or often be called new entrant may start my job as a clerk helping the seniors in paperwork and administration in the back room of the bank to progress the bank cashier on the front desk dealing with customers accounts and enquiries. Senior bank cashier may supervise branch assistants, helping the customers in completing loan and mortgage applications, authorising loans or working in the foreign exchange section. This session will come to me whenever I will be able to promote myself from junior to senior. In the modern competitive financial services provision banks are operating a huge range of role. Bank cashiers are expected to market and sell financial products and services to customers. Cashiers should acquire a comprehensive knowledge of products and services offered by the bank. To promote myself in the position of a bank cashier the previous experiences and knowledge needed will come from the customer care officer as I will have been serving for six months in the same banking field. To be a bank cashier the following skills and qualities I must have: à ¢Ã¢â€š ¬Ã‚ ¢ Communicative skills with a wide range of people à ¢Ã¢â€š ¬Ã‚ ¢ Play a role as a part of a team. à ¢Ã¢â€š ¬Ã‚ ¢ be honest and reliable à ¢Ã¢â€š ¬Ã‚ ¢ The ability to pay attention to accuracy and detail ins and outs à ¢Ã¢â€š ¬Ã‚ ¢ Increased level of confidence in selling and marketing products to customers à ¢Ã¢â€š ¬Ã‚ ¢ Knowledge in computer. à ¢Ã¢â€š ¬Ã‚ ¢ Be aware of confidentiality issues i.e. I must not disclose the inside information of the bank. à ¢Ã¢â€š ¬Ã‚ ¢ Provide a high quality and customer driven service. à ¢Ã¢â€š ¬Ã‚ ¢ Provide personalized, friendly and efficient cashiering service and also have temptation treating the customers fairly at the heart of their values. à ¢Ã¢â€š ¬Ã‚ ¢ Have a desire in acting as the first point of contact for customers in order to identify and address their needs and assist the bank in the achievement of its plan. à ¢Ã¢â€š ¬Ã‚ ¢ To succeed in the role, I am likely to enjoy relating to others whilst following a routine and adhering to procedures. The day to day basic duties and tasks as a bank cashier that I will be performing are: à ¢Ã¢â€š ¬Ã‚ ¢ Collect and check the working cash at the start of the day from Branch Manager and counter. à ¢Ã¢â€š ¬Ã‚ ¢ Check deposit slip with accuracy before receiving the deposits in the form of cash or checks. à ¢Ã¢â€š ¬Ã‚ ¢ Verify the customer signature on the cheques and account details and then process to the cash withdrawals. à ¢Ã¢â€š ¬Ã‚ ¢ Prepare travellers cheque, cashiers cheque and personal money order. à ¢Ã¢â€š ¬Ã‚ ¢ Explain the foreign currency regulations and fees before carrying out foreign currency exchanges. à ¢Ã¢â€š ¬Ã‚ ¢ Receive and verify the payments of loans, mortgages or any utility bills. à ¢Ã¢â€š ¬Ã‚ ¢ Record the transactions accurately, promptly and in a standardized format. Also issue transaction receipts to the customers. à ¢Ã¢â€š ¬Ã‚ ¢ Process the transactions like term deposits, retirement savings plan contributions, automated teller transactions, night deposits and mail deposits. à ¢Ã¢â€š ¬Ã‚ ¢ Respond to the enquiries of the customers about their accounts. à ¢Ã¢â€š ¬Ã‚ ¢ Attempt to resolve issues in the customers account. à ¢Ã¢â€š ¬Ã‚ ¢ Explain and promote banks products or services like travellers cheques, savings bond, money orders and cashiers cheques to existing customers. à ¢Ã¢â€š ¬Ã‚ ¢ Organize the money received in the cash box and coin dispenser as per the denominations. à ¢Ã¢â€š ¬Ã‚ ¢ Compute the financial fees, interest or service charges applicable to the customers account. à ¢Ã¢â€š ¬Ã‚ ¢ At the end of the day or shift, I will have to balance the currency, cash and cheques in the cash drawer. In order to carry out all the above mentioned duties effectively, I must possess strong arithmetic skills, customer service orientation, proficiency in computers and related software, problem solving skills, honesty and integrity and stress tolerance abilities. My academic qualification for this position: Generally, there are no formal entry qualifications. Some employers specify four GCSE (A-C)/S grades (1-3) including English and Maths. Personal qualities are often equally as important as qualifications. Previous experience and knowledge in the similar field is also necessary. As I am graduating now in BBA from a renowned university, I must qualify for this position. I also have a good result including Maths and English in my GCSE. My desired hours and work environment: As I can see many cashiers working in the bank, so my expected working hours will be 9 to 5 from Monday to Friday including Saturday on a rota system. The most of the bank cashiers usually work behind a glass fitted screen with a number of customer services at desks in the front office of the branch. Bank cashiers are provided with a corporate uniform. Cashiers may be posted to other locations temporarily, where several branches exist within a town or area. Expected Annual Salary and Benefits: As a new bank clerk my salary will start between  £8750 and  £10500 depending on the size of the bank. In the course of my experience I will be earning between  £10,500 and  £16,000 a year. As a senior cashier or specialist customer service adviser I may earn between  £13,000 and  £23,000. Many banks have profit-related bonus schemes. Other benefits can include subsidised mortgages, loans, pensions, share options and insurance cover. Opportunities: As a bank cashier I may be promoted to senior bank cashier, a specialist customer service advisor, trainee manager and then branch manager. I have also some opportunities at the head offices of banks in the treasury, training, information technology and human resources departments or in merchant or investment banking and international divisions of the larger banks. With recent advances in IT and communications technology, there are many opportunities available in regional processing and call centres. Taking the next step of my career as Head Teller, this is the first line manager directly responsible for the tellers although they perform the same tasks this person has more experience in this field and has hands on knowledge of the job so the other tellers refer to her if they have any suspicions or queries about a particular transaction. She has to authorize transactions for above a particular amount of money which is usually set by the branch manager or head of operations. She usually has the highest amount of cash in her custody and if the other tellers need cash she transfers it to them rather than the vault custodian having to go to the vault every now and again depending on how busy the branch is. She is also responsible for the well being of the other tellers when it comes to taking their breaks, the tidiness of their work stations and to ensure that they abide by the rules and regulations of the bank. THE QUALITIES OF A GOOD HEADTELLER (KSA) You must always act professionally, set international standards, remain focused and work hard, accept results within your territory, be open to coaching, respond positively to feedback, compete effectively and win so that together we can celebrate success. à ¢Ã¢â€š ¬Ã‚ ¢ Very honest with an impeccable character. à ¢Ã¢â€š ¬Ã‚ ¢ Has a friendly personality. à ¢Ã¢â€š ¬Ã‚ ¢ Is meticulous and pays attention to details. à ¢Ã¢â€š ¬Ã‚ ¢ Works under pressure. à ¢Ã¢â€š ¬Ã‚ ¢ Very conversant with numbers. à ¢Ã¢â€š ¬Ã‚ ¢ Able to change at short notice and is innovative. à ¢Ã¢â€š ¬Ã‚ ¢ Is fast and able to resolve issues quickly. à ¢Ã¢â€š ¬Ã‚ ¢ Very vigilant and takes all transactions serious. à ¢Ã¢â€š ¬Ã‚ ¢ Very patient and tolerant. à ¢Ã¢â€š ¬Ã‚ ¢ Respects all policies and procedures of the bank. à ¢Ã¢â€š ¬Ã‚ ¢ Quick in counting cash and at the same time able to detect bad notes. Vault Custodian; By the age of 24 year, I need to be a vault custodian. In the banking system, it is one of the most important positions where sensitive security issues are related in this position (Vault Custodian). I will have to do some creative works which are security involved. Like that I will be given promotion to go next post and that will be my dream job. I will have a lot of responsibilities to continue all baking activities properly and perfectly. Some of important activities I will have to perform those are (important activities related with this position) given down. http://files.turbosquid.com/Preview/Content_2009_07_15__03_14_54/Vault1.tgac4644f2f-ec04-4493-ae35-34081a2706d0Large.jpg Responsibilities of a vault custodian: Basically, I will have to use my skills, knowledge and abilities those are vital for doing things right. However, some essential activities, vault custodian, are mentioned bellow. First of all, In front of three people or individuals, I will have to close and open the vault at all the times. I will do compile all the security transaction records. Basically, I will be allowed to enter or go to vault. All the times, I will do delivery and receive securities like gold box, precious jewellery etc. To and from the vault. All securities will be deposited to bank and those calculations and monitoring will be my main job. Basically, I will have to write down the time when I opened and closed the vault. Because, it is really sensitive and safety issue for bank. When I will receive any types of precious things from customer then I will have to make sure that I did signature and description of the things which I have been given by the customer. Basically, I will need to write the details of the single or particular deposit. When anything will be pushed to the vault it is essential that make sure the account holder name and account number accurately. It is very important that release the deposit from the vault depositor (authorize) own decision. As a vault custodian I will have some important activities which are supervise the tillers and auditors. And, observing the all others activities of different other junior level activities. Basically, vault custodian just one step down the branch manager who needs to do almost same job like manager. Cash will be deposited overnight in main vault under joint custody of the dead teller and a designated bank staff. Finally I will strive forth to occupy the post of the branch manager of the bank.   Ã‚        Ã‚  The last stage of career plan is Branch Manager in a Bank .That is the dream job after passing through all the consecutive jobs successfully to reach in this position. Lets now look at the roles and responsibilities of a Branch Manager of a Bank.   Ã‚         The role of a branch manager is multifaceted. He is responsible for the overall leadership, sales force, operation and financial goals of the branch they manage. The branch manager must be familiar with the all the products and services offer by a bank and he should also be sales oriented. SALES:                Being a branch manager you are responsible for the success and failures of the goals and objectives. You should have Leadership qualities which influence the team members to motivate towards work; this will help to achieve the goals and objective. You should have an excellent communication skill to communicate with the employee, customers and society as you will be representing the bank with in the community. Other responsibilities include creating good budget sales and planning to monitor and act upon it. ADMINISTRATION:   Ã‚               Being an branch manager you will be responsible for making sure that work flows run smoothly .You are also responsible for the security and appearance of the branch facilities. You must be aware of employee or staff requirements .In any conflicts or if any problem arises which involves staff and customer a branch manager should be able to solve it effectively move ahead to achieve the goal. The other responsibilities of an branch manager include to keep an duplicate key of custody, to ensure the assets are in proper condition, to sanction the staff leave. FINANCE:             The role of a manager in a finance department is to ensure and to look after that the account Officer is maintaining proper books of accounts including basic accounting controls, for e.g. day to day cash in out, etc. She/he must ensure that all the expenses are incurred under the limit of the budget. Yes at last, finding my self in this position is in other words a dream come true. The dream I cultivated in my mind while still young has come to reality. It was not easy for me going though all those step due to the facts that; They was great competition in achieving that same post, they though time that I had to go out of my way to meet up with the customers demand and the expectations of the company, I had to match up my daily life and my work life, I had to put in great effort in my studies and I had to work as a team with colleagues that dont like me. To go through all this I had to be, flexible, enthusiastic, charismatic and very creative. Even at some point I had to employ characteristics which are not a part of my. Though through though times I had faith and it kept me going. And I will always give thanks to those that supported me in achieving my dreams like my colleagues, superiors, friends, family, and my profs. So go forth and chess your dream and never stop, Till it is accomplished. Dont forget destiny, faith, dreams, these unstoppable ideas are held dip in the heart of men. As long as they are people who seek freedom in this life, this things shall not vanish from the earth.

Executive Summary of Calyx $ Corolla Essay -- essays research papers

Executive Summary Calyx & Corolla is a young company that offers a very unique choice for customers who are interested in buying fresh flowers. Fresh flowers industry valued approximately $9 Billion in the United States in 1990 with steady market growth rate of 7.7% since 1985. However, the market potential did not reach the top yet. US fresh flowers market still has more room to grow. Per capita consumption of flowers and plants in the US was $36 per year, while the average in Europe was $60. Since a flower diminished its value everyday due to lacking of freshness, efficient distribution is the key to the flower industry. Calyx & Corolla has a distinctive way of delivering flowers to the consumers. Calyx & Corolla links its customers directly to the growers via the reliable delivery service of FedEx, whereas other companies rely on the traditional distribution channel which contains at least four layers: growers to regional distributors, regional distributors to wholesalers, wholesalers to retailers / florists, and florists to end-users. Thus, Calyx and Corolla can deliver fresher flowers to its customers bypassing those distribution processes. Calyx and Corolla also earns higher profit margin than its competitors due to its uncomplicated cost structure. For instance, Calyx and Corolla does not have to spread its profit to distributors and wholesalers. FTD was the biggest player in the fresh flowers market. FTD was a member-owned, worldwide cooperative of 25,000 florists. Florists usually used FTD to provide delivery service beyond their service area. The florists who originated the order received 20%, the florists who delivered the order 73%, and FTD 7%. The powerful network of 25,000 florists was the main advantage of FTD to penetrate the fresh flowers market. However, its price structure was not so flexible. â€Å"800-Flowers† was the largest member of FTD network and it was becoming more and more popular. 800-Flowers received 25% fee of the flower order from the delivering florist. Its revenues were about $16 Million in 1990. Another channel that we need to keep our eyes on was supermarkets. Supermarkets were becoming more popular and more powerful in the fresh flowers market. The average annual sales for supermarket floral departments were $104,950, having grown almost four times in the past ten years. However, supermarkets had two major... ...ing sufficient business customers can offset the sales of off-peak period. Business customers are more predictable with a special care. Calyx and Corolla has to build a long term relationship with them to ensure the steady sales, thus corporate account team is very important to ensure the long term growth. (iiii) Fund research for development of flowers growing techniques Differentiation point is very important especially in the business like flowers where many customers perceive that all flowers are the same. Funding research for new growing techniques, for instance, how to grow more durable flowers in cold weather can help Calyx and Corolla develop a closer relationship with its growers and also help Calyx and Corolla gain competitive advantage over others once the research is successful. Calyx and Corolla can also ensure its flowers quality to the customers and it also gives the image that Calyx and Corolla really cares about their products. Moreover Calyx and Corolla can also gain a positive image to the brand to the fact that they give something back to the community by funding research to universities. (especially in the town/state that the funded universities located)

Environmentally Friendly Cars Essay -- automotive industry, global war

When I was younger, I remember begging my mom at every toy aisle in the department store to buy at least one hot wheel car that I picked out. I had a problem; I had an undying thirst for these tiny cars in those recyclable blue cardboard and plastic packages. I used to pretend that I was a small person, small enough to fit in the cool cars I bought with just a glimmer of hope that maybe I would be able to fit inside and drive away. That never did happen though, but I had an indomitable dream. I had the patience that maybe one day, I would be able to drive my own actual car. I am nineteen now, and my fascination for cars has not changed one bit. I am finally old enough to drive, but it still feels like I am still my younger self; stuck at the store in a hot wheels aisle trying to decide what car I should get. I look at the cars today to notice that even though the essentials of a car never changes, essentially four wheels and some sort of motor to move, something is different about ca rs that are in the present compared to what they were when I was a kid. Today, the growing concern of Global Warming is taking affect into people’s mindset. Automobiles emit more than 333 million tons of carbon dioxide per year. (Ginovieto) In United States, and other countries like Europe there is a fossil fuel shortage that threaten the futures of the automotive industry. Gas prices have been fluctuating an all time high. The consumer market for cars continually grows. Many countries are industrializing at a rapid pace, such as China, and demand for cars and transportation have also increased. These problems all affect one another to add and combine to bigger problems. Pollution, overcrowding on the roads, and rising gas prices, all are prevalent in ... ... industry can focus on environmentally friendly but unreasonably fast super-cars like the hot wheels I always dreamed to be in. Works Cited "Advantages of Turbochargers." Turbo Servis -. N.p., n.d. Web. 08 Dec. 2014. Williams, Stephan. "Toyota Engineers Flowers to Offset Production Pollution." Wheels Toyota Engineers Flowers to Offset Production Pollution Comments. New York Times, 3 Nov. 2009. Web. 08 Dec. 2014. Sutcliffe, Steve. "Has Audi Spoiled Le Mans?" Autocar. Autocar, 21 June 2013. Web. 08 Dec. 2014. Roos, Dave. "Does Hybrid Car Production Waste Offset Hybrid Benefits?"HowStuffWorks. N.p., n.d. Web. 07 Dec. 2014. Ginovieto. "Global Warming Causes." : Cars and Global Warming. Global Warming Blogspot, 06 Mar. 2009. Web. 08 Dec. 2014. Zoellter, Juergen. "2014 Volkswagen XL1." Car and Driver. Car and Driver, June 2013. Web. 08 Dec. 2014.

Of Mice and Men Commentary

â€Å"Of Mice and Men† is a novel written by the 1962 Nobel Prize winner, John Steinbeck. It is an emotional tale of the extraordinary friendship between George and Lennie, who are traveling workers in the harsh depression years of the 1930s. George is a caring person whose love to Lennie is just like a father-son relationship, where Lennie, a mentally challenged man whose strength lies in body rather than brain, appears to be very dependent on George. â€Å"Of Mice and Men† teaches a universal theme about the nature of human beings that a person whose power exists over another turns corrupt.Steinbeck exploits the theme of power and control in his novel through the extensive use of sexism, racial discrimination, and the power of the strong over the weak. Sexism is the belief that one sex is superior over the other. In â€Å"Of Mice and Men†, Steinbeck undoubtedly shows that the power is centered on the majority sex, which is the males, against the minority, the f emales, where in this novel is â€Å"Curley's wife†. By simply keeping the character nameless and using the expression â€Å"Curley's wife† to identify her is a clear example of referring to her as an object without any respect rather than a person. Curley's wife† shows how women during the early 1900s were inferior under the men. She is merely the spouse of Curley as far as all the men in the ranch are concerned. â€Å"They are only forced to relate to her through Curley; if they fear him or want no trouble, the men will stay away from her. George, for example, has set goals in his mind that he is committed to, thus he will stay away from her in order not to get into any trouble. On the other hand, if they do not fear anyone, they can enjoy their time with the intention of forming a physical relationship with her.Lennie, whose childish mind cannot comprehend why he should stay away from Curley's wife, falls into the trap and gets severe consequences for doing s o. â€Å"She is simply a person living in the ranch with the purpose of only to obey Curley with no voice to complain to. All the men including Curley may go to the â€Å"cathouse† and enjoy their time; Curley's wife on the other hand, may not dare to do the same, along with Crooks. During the 1900s, racial discrimination was widely used throughout America, a land that is filled with various ethnic groups. Steinbeck portrays the cruel racist manner that is used throughout on the stable buck, Crooks.He lives a separate, isolated life under everyone in the ranch, and is incapable to protest, merely because he is black. He is terribly labeled with the epithet of a â€Å"nigger† from everyone else. Steinbeck portrays him as an unfortunate man for being born black with no power at all and may not do anything about it. He is not allowed to enter any white man's room, and to slightly raise his own degraded dignity, does the same, not allowing any white man to his room; altho ugh he only says so, it is not necessarily true as we later on see that George and candy enter.Crooks is a person where all the sorrows and miseries of another can be thrown on him because he is powerless to object. As soon as Curley's wife feels insulted from him and Candy, she threatens him verbally, using her superior social status as a white woman, â€Å"Well you keep your place then, Nigger. I could get you strung out in a tree so easy it ain't even funny†. Although most people in the ranch appear to want friendship, they all live with hidden fear of each other.The years of the great depression left everyone trying to look stronger and better than the other, or otherwise the strong will get rid of them; the killing of Candy's dog is a great symbol for that which makes it clear. Candy's dog is ought to get shot and killed, even though it has spent its lifetime with Candy, because it is now old and useless. The stronger, in this case man (Carlson), mercilessly shoots Candy 's dog, who knew nothing of his grief fate. Candy then sees his reflection upon the killing of his dog, that he will soon get too old and therefore useless, which will then have him left alone.This pushes him into desperately asking George to permit him to join with him and Lennie for the pursuit of their own dream ranch, â€Å"Tha's three hundred an' fifty bucks I'd put in, I ain't much good, but I could cook and tend the chickens and hoe the garden some†. On the contrary, Curley is a man who takes advantage of his authority and power to oppress and mock others to make himself seem stronger and even more powerful. He uses his power and gender to boss around with workers of his ranch and his wife, respectively. However, when he chose to do so towards Lennie, Lennie reacts angrily and smashes his hand.Through the intense use of sexism, racial discrimination, and the power of the strong over the weak, Steinbeck successfully exploits the theme of power and control. Whether it is mentally, physically, or money wise, power seems to be moving from one person to another depending on the situation. Perhaps it really is the roots of evil; that occurs as a result of someone realizing his power over others, and then uses it for his own personal desires, while taking advantage of others. In other words, as the Arabic proverb professes, a person's power and freedom is corrupt when it limits the power and freedom of another.

Modern Gadgets

In the software industry, â€Å"Gadget† refers to computer programs that provide services without needing an independent application to be launched for each one, but instead run in an environment that manages multiple gadgets. There are several implementations based on existing software development techniques, like JavaScript, form input, and various image formats. The origins of the word â€Å"gadget† trace back to the 19th century.According to the Oxford English Dictionary, there is anecdotal evidence for the use of â€Å"gadget† as a placeholder name for a technical item whose precise name one can't remember since the 1850s; with Robert Brown's 1886 book Spunyarn and Spindrift, A sailor boy’s log of a voyage out and home in a China tea-clipper containing the earliest known usage in print. The etymology of the word is disputed.A widely circulated story holds that the word gadget was â€Å"invented† when Gaget, Gauthier & Cie, the company behind th e repousse construction of the Statue of Liberty (1886), made a  small-scale version of the monument and named it after their firm; however this contradicts the evidence that the word was already used before in nautical circles, and the fact that it did not become popular, at least in the USA, until after World War I. Other sources cite a derivation from the French gachette which has been applied to various pieces of a firing mechanism, or the Frenchgagee, a small tool or accessory. There are a lot Using gadget like computer, hand phones, tablet, play station, laptop etc can change us socially

This briefing is in relation to the Inquiry into Skills Shortages in Rural and Regional NSW

This briefing is in relation to the Inquiry into Skills Shortages in Rural and Regional NSW. This paper will outline the problems around the methods used by training organisations including TAFE to assess skill needs in rural and regional NSW and their response. This paper will also look into what the causes of these problems are, who are the stakeholders and how are they affected and recommendations on solutions. BACKGROUND: The communities of rural and regional areas recognise that the supply of skilled tradespersons in their communities does not meet the current demand and that skill shortages are projected to increase. 2In the context of the Riverina Institute Griffith is a medium sized campus that has demonstrated significant and sustainable growth over the past five years. Over the past 6 years the campus has experienced a significant increase in facilities and a concomitant increase in full time and part time teaching staff. To address the growing demand for skilled and well trained staff in the region Griffith campus has consistently amended its course offerings and has, on many occasions, provided extra courses to meet unexpected demand particularly in the trade areas. This is a good example of how much tafe applicant numbers are increasing in rural areas however not all tafe facilities are able to have the funds to support these numbers such as the above example of Griffith campus. 1Futher research in relation to concerns of skills shortages has demonstrated there is a great need to increase the amount of trained tradespersons in the workforces. This also requires the improvement of retention rate during training to reduce occupational wastage as qualified tradespersons leave the industry. There is a fundamental need to ensure that their will be jobs available in the area of where the training took place. This is to prevent skilled trades people leaving rural areas for city life. STAKEHOLDER ANALYSIS AND CURRENT SITUATION: Individuals – Without a strong working force the economy of a rural community is bound to drop. More people will lose their jobs and families will have to move to find work. Regional Industries – Many regional industries are desperate to expand, but are being hampered by a lack of skilled labour. Councils – A current situation can be seen Wagga Wagga NSW. 3This area is seen as an agricultural powerhouse creating up to $6.5 billion per year. But the hearing has demonstrated that the region's future growth may be limited by a shortage of workers. Stakeholders in the Riverina believe that a lack of affordable housing and limited training opportunities are significant barriers to the recruitment of workers in rural areas. 3For example one of the country's largest chicken meat processors, Bartter Enterprises, already employs more than 1,000 people across the region. The company hopes to increase production from 420,000 to 750,000 birds per week. But their human resources manager John Davis says that depends on being able to source workers. The Riverina wine industry has also experienced significant growth, along with it, an increased demand for workers. 3For example, 10 years ago Casella Wines employed 14 people; today however they have a workforce of 500. Paul Foley is the human resources manager for another of the region's major wineries, De Bortoli Wines. 3He says the winery will employ an extra 80 people for four months during vintage, but recruitment of those workers is a major problem. While the skill shortage is already starting to bite, Leeton Shire Council is looking to the future. General manager of Leeton Shire Council Ray Pluis says local training opportunities are important for retaining young people in regional centers. This is the third public hearing held as part of this New South Wales parliamentary inquiry. The inquiry's chairman, Labor MLC Tony Catanzeriti, is playing down suggestions the withdrawal of state government services is partly to blame for the difficulties in attracting skilled workers to regional areas. CAUSES: Research of submissions and hearings indicates many causes to skills shortages in rural areas. 4For example Peter Louis & Co submission highlights that withdrawal and reduction of services provided by government agencies and public corporations such as medical services, banking facilities and post offices has impacted on rural communities with people forced to relocate. This is a valid argument as people will would to live in areas that have necessities such as medical centers and post offices easily available. Not only will people leave an area to get closer to these facilities but also people will not even bother moving to a rural area if it is lacking of such facilities. This also states that the campus of tafe in Illawarra confirmed that whilst TAFE provided many course not all of them were specific to the area. 4Also the tafe kept no record of students who completed and whether they stayed or left the area. This causes the problem of not allowing statistics to be examined to get an accurate understanding of the educational needs in rural areas. This also is an extremely good point and the basis of a strange argument. How can the tafe possibly know to what extent its passing students are having on the rural community if they keep no record of what the students achieve after accomplishing their education? 5Mr Bill Archer in his submission highlights two major causes of unskilled workers in rural areas. The first major cause is the distance that an apprentice in the rural areas would have to travel to receive an education. The further the distance the more it will cost the apprentice to travel so therefore becomes another incentive to not bother receiving an education. 7Transport has got to be one of the most major causes of skills shortages in rural areas the requirement for apprentices to travel such large distances to get to college is a major problem. Many rural areas have a very limited access to frequent public transport. Also transport subsidies are not available to young people if the vehicle they have access to is not in their name and even if they are entitled to it, the amount is pitifully inadequate. Public transport is a very important requirement as there are many dangers of country driving for young inexperienced drivers with early starts, late finishes and long distances. 7These present very real Occupational Health and Safety risks. 5The second major cause is that once an apprentice receives the education they need they are then able to move to the city were they can make more money doing their job. This is a major incentive for skilled workers to leave the rural areas and therefore leaving many jobs in rural areas left open with nobody with the skills to work them. This effects many stakeholders. The owner of the business who had spent the last few years training the apprentice must now start the cycle again. The community also suffers as there is one less person providing a service. That is why the government must find efficient ways of keeping skilled workers in rural areas as they are fundamental to the survival of the community. Tafe teachers however in their submission do not believe that these are the major causes of skill shortages in rural areas. 7Their members point out that there are large shortages in areas where pay and conditions are poorest, eg a lot of qualified mechanics aren't working in their trade areas, because they can earn more money driving a truck. It is therefore not just a matter of addressing skills shortages but also pay conditions and how vocations are perceived by the public. The issue of public perception of skilled trades people has not been addressed successfully by governments. RECOMMENDATION: Set forth are a number of recommendations as to the problems Councils in regional areas should encourage â€Å"stay local and contract local businesses.† The government should provide funding to provide a Rural Work Income Insurance policy to assist tradesmen in situations that they cannot work as are establishing a new business. Encourage major employers to establish 12 month contracts, particularly in rural areas. This will help to increase not only employment but also the economy of the community. Contracts will keep people in the area and as the business grows more jobs become available. Which leads to people moving to the area specifically for work. Encourage training organizations like the Charles Sturt University and Tafe's to develop seminars and spend time to educate businesses within rural areas to adopt new business practices, Governments should make sure that rural areas have all the facilities required to encourage population growth in that area. Facilities such as medical centers, post offices and schools, should be located in all rural towns. Government should place more funding into Traineeships. 1Traineeships are ideal for employers who have a specific need for one Trainee in a given area. Traineeships can be offered/conducted in a variety of ways with the main option taken by employers being an ‘On the Job† Traineeship. By providing Funding to Tafe institutions and providing employer incentives to business's that provide traineeships to unskilled workers will be a major step in reducing the current problem of unskilled workers. 6Another recommendation would be the implementation of more courses done through distance correspondence. This allows students in rural areas to do courses from home. Thus distance would no longer be a barrier in the prevention of education for skilled workers. However for the on the job training the Government should allocate funds to areas in desperate need to provide frequent transport to further encourage people to do studies.

Guinness Corporate Strategy

Income Segmentation although Guinness don't directly segment its product into different segments, Guinness beers are more expensive to the consumer because they target customers may be willing to pay more for what some pensive to be a distinctive taste – a taste which is more expensive to produce. The Japanese distribution system Distribution channels in Japan are very different from other countries; they are as inefficient as they are complex. The system is characterized by multiple layers of wholesalers who have developed close, personal relationships with other wholesalers, manufacturers, importers, and retailers.Moreover, these intimate relationships often serve as an informal barrier to foreign companies wishing to sell directly to end-users or retailers. Many exporters find retailers/end-users unwilling to disrupt their longstanding, personal relationships with Japanese suppliers even when the foreign company can offer a product of superior or equal quality at a cheaper price. Many Japanese retailers/ end-users are unwilling to make the switch to an â€Å"unreliable† foreign supplier. They fear a lack of commitment on the part of the foreign supplier will lead to problems.They also fear breakdowns in communication. This state of affairs has led many companies' new-to-market exporters to complain of the complexity and lack of transparency of the Japanese system. An encouraging sign is the recent trend towards greater efficiency within the Japanese distribution system, resulting in fewer smaller retailers and wholesalers. Faced with deregulation and changing patterns of consumption, many Japanese companies are modifying marketing and sales strategies to take advantage of these developments.Imports are already benefiting from these trends, as seen in increased sales by Japanese department stores and other mass merchandisers and by a variety of new retailing ventures that match changing Japanese lifestyles. There are also indications that some w holesalers are modernizing and consolidating operations, thus reducing more inefficient elements in the system. However, the process is slow. The characteristics of the distribution system are deeply rooted in the cultural history of Japan. How to Set Up Business in Japan/ Laws & Regulations on Setting Up Business in Japan Section 1.Incorporating Your Business . 1 Types of operation in Japan Foreign companies generally establish a business presence in Japan in one of four modes. 1. 1. 1 Representative office Representative offices are established as locations for carrying out preparatory and supplemental tasks aimed at enabling foreign companies to engage in full-scale business operations in Japan. These offices may conduct market surveys, collect information, purchase goods and implement publicity/advertising efforts, but they are not permitted to engage in sales activities.The establishment of representative offices does not require registration. A representative office cannot ord inarily open bank accounts or lease real estate in its own name, so agreements for such purposes must Instead De Selenga Day ten nana Outlet AT ten Torrent company or representative at the representative office in an individual capacity. 1. 1. 2 Branch office Foreign companies wishing to engage in business operations in Japan must establish a branch office or a subsidiary company. The simplest means for a foreign company to establish a base for business operations in Japan is to set up a branch office.The branch office can begin business operations as soon as an office location is secured, he branch office representative determined, and the necessary information registered. A Japanese branch office is a business location that provides services in Japan decided upon by an organization authorized by the foreign company, and ordinarily is not expected to engage in independent decision making. A branch office does not have its own legal corporate status, but instead is deemed to be enco mpassed within the corporate status of the foreign company.In general, therefore, the foreign company is ultimately responsible for all debts and credits generated by the activities of its Japanese branch office. A Japanese branch office, however, may open bank accounts and lease real estate in its own name. 1. 1. 3 Subsidiary company A foreign company establishing a subsidiary company in Japan must choose to establish the subsidiary company as a Joint-stock corporation (Kabuki's-Aisha (K. K. )), limited liability company (Good-Aisha (LLC)), or similar entity stipulated by Japan's Corporate Law.Both unlimited partnerships (Gomes-Aisha) and limited partnerships (Gosh-Aisha) are granted corporate status under the Corporate Law, but they are rarely chosen in practice because equity participants bear unlimited ether than limited liability. All types of subsidiary companies can be established by completing the required procedures stipulated by law and then registering the corporation. A subsidiary is a separate corporation from the foreign company, so the foreign company will bear the liability of an equity participant stipulated by law for all debts and credits generated by the activities of the subsidiary.Other methods by which a foreign company may invest in Japan using a Japanese corporation but without establishing a subsidiary are by establishing a Joint venture with a Japanese enterprise or investment company, and by equity participation in a Japanese enterprise. 1. 1. 4 Limited liability partnership (ALP) It is also possible to do business by using a Huge Seeking Jaggy Kumara. This type of entity, considered the Japanese version of a limited liability partnership (ALP), is not a corporation, but a partnership formed only by the equity participants, who have limited liability.