Monday, August 24, 2020
Bdo Benchmarking Assignment Essay
At the point when considered all in all terms Turnbull portrayed it as: ââ¬Å"All impacts influencing the establishment forms, including those for designating the controllers and additionally controllers associated with arranging the creation and offer of good and servicesâ⬠¦.. it incorporates a wide range of firms whether they are fused under common law. â⬠(Turnbull, 2002:181) Factoring in every single other definition, in its least difficult terms it tends to be characterized as the ââ¬Å"exercise of control over corporate entitiesâ⬠(Clarke, 2004). It isn't equivalent to the administration and the running of the organization, it is worried about how the Board of Directors, who are the administering body of an organization, regulate the executives, since it is they who are answerable for considering the administration of an organization responsible and guaranteeing the organization is being ran in a manner which is good towards the investors and different partners. It is the Directorsââ¬â¢ duty to create system and strategies for the ompany and to decide the heading the administration should take the business in and the Directors have by and large obligation regarding the presentation of the organization (Tricker, 2012). While the expression ââ¬Ëcorporate governanceââ¬â¢ wasnââ¬â¢t authored until the 1960ââ¬â¢s and not normally utilized until the 1980ââ¬â¢s, it has truly been in a steady procedure of development since the sixteenth century and joint endeavor exchanging. One of the significant improvements in wo rld economies which carried the requirement for corporate administration to the fore was the presentation of restricted risk organizations in the nineteenth century. What this implied was when organizations were fused they turned into a different legitimate substance, separate from their investors and with comparable lawful rights to purchase, sell and move offers and resources, to utilize individuals and to sue and be sued for the sake of the organization. This implied the obligation for any organization obligations lay with the investors and not the administration or the organization. Add to this the way that as a result of the presentation of the securities exchange, offers could be effortlessly purchased and sold, which means the investors could be tremendous in numbers and have an enormous geological spread. Because of the way that all corporate entitites need to administered, the ramifications of this were the administration (official control) and the investors (proprietors) were frequently isolated (Tricker, 2012). Circumstances, for example, these, are the place corporate administration is considered to be most vital on the grounds that there is a root supposition, that individuals from the board who don't possess the organization are probably going to be progressively wild with somebody elseââ¬â¢s cash, I. e. the companyââ¬â¢s, than they would be with their own cash (Having Their Cake, 2013). This is known as the office quandary, which will be developed later. Choosing a Board of Directors who have the enthusiasm of the investors at the cutting edge of their psyche, permits individuals to in a roundabout way supervise the activities embraced by the administration, so as to guarantee that as operators of the investors, the administration is acting in accordance with the eventual benefits of the organization (Lashgari, 2004). 1. 2. Determination of a Case Company However, as Turnbull called attention to in ââ¬ËCorporate Governance: Its degree, concerns and theoriesââ¬â¢ (2002), having a limitation of just traded on an open market partnerships in investigations of corporate administration, restricts the legitimacy of any onclusions drawn about the most productive courses of action for corporate establishments with respect to great administration rehearses and the impact they have on a companyââ¬â¢s execution. As Jensen said in 1993: ââ¬Å"Privately held substances could give the most type of big business. â⬠(Jensen, 1993, refe red to in Turnbull, 2002). It was considering this that I picked BDO LLP UK (BDO), which is a consolidated organization in the UK, which is possessed and ran by its individuals/accomplices. It is an organization which offers budgetary bookkeeping, review, duty and business consultancy administrations (BDO LLP UK site, 2013). . 3. About the UK Financial Accounting and Audit Sector With the regularly expanding center around corporate administration for organizations over the World, not simply in the UK, review firms, for example, BDO, KPMG and Deloitte are turning out to be increasingly significant on the grounds that it is there employment to guarantee that organizations are sticking to guidelines spread out in the UK Corporate Governance Code (2010, reexamined in 2012). It ought to normally follow that review organizations will have incredibly great corporate administration rehearses set up, nonetheless, this isn't really the situation. Since 2000 there have been various prominent embarrassments inside the International Corporate Financial Accounting industry, for instance, Enron were seen as expanding incomes and concealing obligations and there was additionally the Bernard Madoff ââ¬Å"Ponzi Schemeâ⬠, where the genuine outrage was that the ransacking of a great many pounds worth of peopleââ¬â¢s cash, got away from the consideration of reviewers and controllers. ). Because of such outrages, numerous national controllers actualized new corporate administration prerequisites to improve guidelines (Mitchell Van der Zahn, 2009). In the UK new guidelines with respects explicitly to review organizations were additionally presented, directed legitimately at a specific gathering of organizations. As of January 2010, 95% of the evaluating work in the UK was being completed by 8 firms, BDO being one of them. It was regarded that such organizations had based upon their notoriety to pick up strength in the UK advertise and the Financial Reporting Council (FRC) felt it was in the Publicââ¬â¢s enthusiasm for these organizations to be straightforward and so as to keep up open trust be models of best corporate administration practice. This prompted the presentation of the Audit Firm Governance Code (2010) by the Institute of Chartered Accountants in England and Wales (ICAEW), which drew from parts of the 2010 UK Code and built up standards, for example, the arrangement of autonomous non-officials inside the administration structure of their organization. While such guidelines didn't make a difference outside of the focused on organizations, it was the desire for the ICAEW that it would give a benchmark of good administration for different organizations to follow (ICAEW site, 2013). With such a striking proclamation being made about the significance of corporate administration in this field of work, it appeared to me to be an undeniable decision to pick one of the 8 organizations on the ICAEWââ¬â¢s list for my contextual analysis. 1. 4. About BDO LLP UK As nitty gritty prior BDO LLP UK is a fused association organization in the UK, which is possessed and ran by its individuals/accomplices and it gives money rela ted bookkeeping, review, assessment and business consultancy administrations. It is the sixth biggest bookkeeping firm in the UK and is an individual from the BDO International Network, which itself is the fifth biggest bookkeeping association in the World. While trying to break into the best 4 major firms in the UK, BDO LLP UK finished a merger with PKF, an adversary firm, in April 2013 (Keynote, 2013). Subsequent to inquiring about BDO LLP UK, it turned out to be certain that corporate administration was of the highest significance to the organization. In addition to the fact that it had explicit regions on its site devoted to corporate administration and corporate social duty yet it likewise had various pertinent distributions in regards to corporate administration. One article for instance, ââ¬ËMaking Internal Audit Relevantââ¬â¢, examined the high caliber of corporate administration in the UK found by contemplates completed by the FRC, it proceeded to state this was supported by the UK Corporate Governance Code and that it was crucial in keeping up the engaging quality of the UK advertise, to energize new venture (BDO LLP UK site, 2013). My exploration likewise found that BDO had done a joint report with the Quoted Companies Alliance, which considered the presentation of a compulsory corporate administration code for little and mid-capital review organizations in the UK. Similarly as a state of certainty, this was a suggestion that 92% of such organizations concurred with. One of the significant signs that BDO think corporate administration is essential to the accomplishment of an organization is that they produce a yearly straightforwardness report, which has a reference section of an announcement of consistence with the Audit Firm Governance Code (2010). They have additionally put it all on the line to make an outline report in 2012 for organizations which they review, specifying any progressions to corporate administration guidelines and concentrating on authority and viability, announcing, hazard, review, compensation and financial specialist relations (Corporate Governance for TMT Businesses, 2012). It is by all accounts a fascinating plan to take a gander at an organization who puts such a great amount of accentuation on great corporate administration, for itself as well as the organizations it works for, to check whether they do go along totally with the codes and on the off chance that they are in actuality ââ¬Å"exemplarsâ⬠of good practice. . Speculations of Corporate Governance There are different hypotheses and methods of reasoning with respect to corporate administration, the entirety of which, as a group, have established a framework for the improvement of various corporate administration frameworks around the globe (Lashgari, 2004). This paper will take a gander at some of these speculations and how they identify with BDO, so as to increase a superior comprehension of the administration gauges at BDO. 2. 1. Office Theory In the 1930ââ¬â¢s, Berle and Means distributed ââ¬ËThe Modern Corporation and Private Propertyââ¬â¢, it gave the primary discussion about the organization quandary and set a reason for office hypothesis. They recommended that where proprietorship is isolated from the board or is broadly scattered, it gets hard for proprietors to have a viable beware of the self-sufficiency of corporate administrators. The office predicament was additionally refined in the 1970ââ¬â¢s, when hypotheses were brought to the fore recommending specialists (chiefs) are probably going to act naturally intrigued and will serve their own enthusiasm before those of the guideline (proprietors). Such speculations likewise recommended that so as to counter t
Saturday, August 22, 2020
Case Audit free essay sample
Arthur Andersen didn't depend on capable and adequate review proof in inspecting the valuation affirmation identified with FOFââ¬â¢s characteristic assets resources. As indicated by Paragraphs . 21 of AU Section 326, to be able, proof must be both legitimate and important. Evidential issue got from autonomous sources outside an element gives more noteworthy affirmation of unwavering quality to the motivations behind a free review. Be that as it may, numerous parts of the National Resources Fund Account (NRFA) review were finished by utilizing the records of KRC rather than the honest evaluation. The number they utilized may contain blunders or even extortion. Since FOF had no methods for esteeming the advantages proposed for speculation by NRFA and didn't have the business mastery to do as such, the numbers acquired were not substantial and dependable. Besides, Andersen staff members even dealt with both the KRC and NRFA reviews contemporaneously, which prompted the absence of autonomy. At the point when they found that KRCââ¬â¢s benefits on deals to FOF were 68. We will compose a custom paper test on Case Audit or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page 2% which were the most noteworthy, as contrasted and normal benefits on all deals of about 36%, Anderson didn't do any further research to assemble more proof. Their powerless expert judgment prompted the deficient proof. 2. Extra proof to fortify the Summary of 1968 Salesâ⬠would have been the consideration of valuation and revaluations of properties exchanged. As was later found, King exchanged a ââ¬Å"special inventoryâ⬠of properties to FOF at an overall revenue of somewhere in the range of 98. 7% to 57%. Interior updates inside the organization would have been useful in distinguishing these circumstances when gathering the ââ¬Å"Summary of 1968 Sales. â⬠Arthur Andersen had this data accessible to them yet decided not to unveil it to their other customer, FOF. A bit of proof that could have reinforced the of the Summary of 1968 deals the other way would have been the allotting of overhead and different charges not legitimately identified with the deals. While IOS may have had the most noteworthy net revenue, their deals could have required generously increasingly overhead distribution, which would have diminished the benefit as a level of deals. Without understanding the designation technique or sum being allotted, it is difficult to decide completely that benefit was such a high figure. 3. In view of Paragraphs . 09-. 0 of AU Section 329, the main role of considerable diagnostic methodology is to give confirmation on certain review destinations. Be that as it may, contingent upon the target, explanatory techniques probably won't be sufficient, and trial of subtleties would give a progressively wanted degree of affirmation. The evaluator ought to comprehend the destinations of the review, and make an arrangement that best suits his/her goa ls by making a mix of logical methods and trial of subtleties. On the off chance that I was on the review group for FOF, I would utilize the ââ¬Å"Consolidated Sales to Industryâ⬠data since it is material to effectively finishing the review. For FOF, one of my review goals is give confirmation that the costs FOF was getting from merchants were at sensible rates. Utilizing the ââ¬Å"Consolidated Sales to Industryâ⬠data, I would have the option to see that the benefits are not adjusted and hence, would need to research further. Now, I could design trial of subtleties to additionally explore the idea of these benefits. An evaluator has the commitment to show proficient wariness and be careful for false exercises. The uplifted level of benefits could be viewed as a warning. These practices fall under the due steadiness required by a reviewer in assessing their customer when directing a review. 4. For the most part, CPA firms have a duty under the Code of Professional Conduct to keep the data secret. Yet, for this situation, we don't trust Arthur Andersen had an obligation of customer classification to KRC that would forbid the firm from uncovering to FOF any important information it might have had identified with KRCââ¬â¢s costs. Rather, as we would see it, Arthur Andersen had the commitment to unveil. Arthur Andersen examined Fund of Funds, just as King Resources who offered the advantages for Fund of Funds. Ruler Resources created normal asset properties and consented to be the sole seller of such properties to FOF at costs no higher than those charged to KRCs modern customers. A similar key review work force were engaged with the two reviews and knew, or ought to have known, that the understanding was not being met yet neglected to advise FOF. Arthur Andersen ought to have uncovered this reality to FOF on the grounds that 1) they knew about the cheats, 2) they was aware of the details of the understanding that were being disregarded, and 3) the language of their commitment letter created a legally binding commitment to uncover such data.
Tuesday, July 21, 2020
How to Wish Your Coworker a Happy Retirement
How to Wish Your Coworker a Happy Retirement Retirement is an important moment in anyones life.After decades of working hard and building a career, they can now take a deep breath and admire what has been achieved.Its also a season of deep reflection and ample time for the retiree, allowing him/her to do the things they love doing and have always wanted to.However, retirement is also a very uncertain period for most people, as a study by GoBankingRates showed that more than half of Americans have no more than $10000 saved for retirement. Whats more? 1 in 3 Americans have no savings at all. Source: Money.comHow scary is that?This makes it such a sensitive chapter of anyones life and knowing the right things to say when wishing a coworker happy retirement can further motivate them.Most often, a retirement is received with mixed feelings and it can be hard to find the right choice of words to use when wishing your colleague a happy retirement.You can wish your colleague a happy retirement in some ways such as throwing a retirement party for them, buying them gifts or sending them a retirement card.The most common way most you can use to wish your coworker a happy retirement is by giving them a retirement card.HOW TO WRITE A RETIREMENT CARDA retirement card is very easy to write but choosing the right words can be a bit dicey. Source: CrossCardsMost often one can get confused about what to write in the card because there are numerous things you want to write all at once.There is a tendency to start writing a card with a specific intention but the end result reads different from what you intended to pass across.Say for example, your colleague is retiring and he was the best coworker you had, you may intend to write about his awesome qualities and how you enjoyed working with him.But you could get confused while writing and then end up talking about how he has a great dress sense and a good sense of humor.To avoid such confusion it is important to separate the different possible contents of a retirement card into categories.Once you pick a category, your message to the person will revolve around it. For the purpose of this article, below are some of the categories you can pick from.MemoriesImpact/InfluenceQualities/CharacteristicsRetirement FreedomFuture PlansRETIREMENT CARD CATEGORIES1. MemoriesUnder this c ategory, your message will focus on the fun memories you share with a coworker.Talk about your favorite memory of them and to add humor to it, make mention of an inside joke that two of you share.Talking about your favorite memories of the person in the retirement card takes him down memory lane and makes him think of how the time he spent in the organization was worth it.It also endears them to you and warms up their heart knowing that you treasure them well enough to store a memory of them in your heart.This is a sign to them that you wont forget them in a hurry and their years of laboring wont be easily forgotten. It gives them an assurance that they are irreplaceable.For people that are scared of retirement because of the uncertainty of the future that lies ahead, sharing the fun memories they created will help to ease the tension they feel.The beautiful thing about writing a retirement note that revolves around favorite memories is that whenever the person picks up the note, be it after a few days, months or years, their heart gets warm and they will definitely smile.When writing a note on memories, make sure it is a memory that is pleasant to the receiver of the note.Dont write about embarrassing moments or awkward moments that left the person feeling bad.The aim of writing a note is to make your colleague feel loved and valued, you dont want to ruin that by bringing memories that leave a bitter taste in their mouth.If the memory is so funny, ensure that the receiver of the note also thinks it is funny.If there are people that were a part of the memory that are already dead or fell out with the receiver of the note, try not to talk about such memories so that you dont end up sending the wrong signal and trigger a wrong emotion in the receiver.You can only write about such memories if your coworker considers it to be extremely funny or is indifferent about the negative part of it.Below are samples of what you can write on, when focusing on the memories yo u created with your fellow employee, during the time you spent working with him/her.âHey, do you remember when we got so bored at work and needed some humor and we took out the lavatory sign on the door of the bosss office and that old lady went in? Ill definitely miss having my partner in crime around.ââRemember when you pulled a prank on me and said the boss needed to see me urgently and I ran into his office without knocking. The clueless look he had on his face when he saw me was the funniest thing Iâve ever seen in my entire life. Thank you for giving me a lot to laugh about, Ill miss those moments.â âI know you wont forget the day we had a last minute preparation for a presentation and we goofed. You introduced yourself as me and I introduced myself as you. So glad everyone in the room laughed along.â âI wont forget our first fishing trip together. You caught the biggest fish, twenty years down the line; I still havent beaten your record.â âRemember the fir st time we went camping with our families together in the woods and we pulled a prank on the children. I havent laughed as much as I did on that day.â âI remember when you taught me how to enter my data into the companys database easily. That singular lesson improved my efficiency at work thank you for that day and many more.âBasically, the whole idea is to bring back memories. You dont necessarily have to tell the entire story; just a short summary of the event will make the memories flood right back.2. Impact/InfluenceThis category focuses on the ways your coworker influenced you.Talk about the impact they made on your life and in the organization.Focus on the positive marks they made in your life.When wishing someone a happy retirement it isnât the right time to remind them of how they hurt you or did wrong things to you.No one is without fault and it is most likely that in the course of time you spent working together, your colleague must have stepped on your toes once o r twice.Look beyond their shortcomings and identify the positive influence or impact they made in your life.The impact or influence could be a word of encouragement that was given when you were at a very low point, it could be support (financial or emotional) that they gave you when you desperately needed it.It could also be the helping hand they lent you when you needed help or can also be the inspiration you derived from observing their work ethics and approach to work.Maybe having them around brought out the best in you or pushed you to identify hidden potentials that you never knew you had.Think of all the times they were there for you and the influence they had on you. Pick out your favorite from any of those moments and write about it in the retirement note.Let them know that despite the fact that the time has come for them to go, the legacy they left behind wont be easily forgotten.For example, Mr. John is your coworker thatâs retiring. When you were newly employed, Mr. Joh n went out of his way to show you how things are done.In the office and coached you, making sure you had no difficulty settling in and as a result of the help he gave you, you became very productive at work and constantly got commended by your boss.In the retirement note you are sending to Mr. John, remind him of all that and you could say something like:You were an excellent coach and my go-to person in the office, I promise to keep on your legacy by investing the same time and energy you invested in me in the new staff that come to the office just like you did.If he was always excited and got his work done in a very cheerful way, you could write something like this on the noteI used to think work was so boring until I saw how happy and enthusiastic you were about getting your job done, observing you happy and boisterous disposition to work made me discover the fun in the work.Thank you for showing me that i can work and have fun at the same time.Below are further examples of what to write in a retirement note when talking about the impact and the influence of a coworker in your life.âThanks for always listening to me and giving me constructive advice and criticism. Your constructive criticism pushed me to learn more and to be the better person that I am now. Ill definitely miss having you around. You have been my source of inspiration since I got into this company, you are one colleague I aspire to be like, your life is full of so much inspiration and Im glad to have been inspired by you. Happy retirement my muse. You are an irreplaceable part of the staff; I wonder how we will get work done here efficiently now that you are leaving us. Get ready to receive loads of calls from Terry and me to ask you how to do this and that. We will definitely miss you.You are such an important part of this company and its weird to imagine the company without you. Every corner of this company has a touch of your amazing influence. We miss you already.âYou are such an inc redible person, Im pretty sure heaven no longer makes your kind, the vacuum your retirement is leaving in this office is one that no one can easily fill. I miss you so much already.The brain box of our team is finally leaving us and we are feeling all kinds of emotions right now. Every Eureka moment we had was as a result of your genius ideas. We wish you wont go but we feel it is time you give that smart brain of yours a little rest. Enjoy your retirement team-mate, we love you.You taught me not to ever bow my head in defeat no matter the circumstances. May your strength and courage pave the way for you as you enter a new phase of life.I was able to grow in this competitive work environment because of your encouragement and guidance. Thank you for being a strong shoulder to lean on. May the days ahead be bright and beautiful for you. Lots of love.When writing about the impact of the person on your life be it directly or indirectly, make sure you do not over exaggerate.Stay as simpl e and as truthful as possible. No matter how simple the impact may look it is better to keep it simple but truthful than colorful and untrue.3. Qualities/CharacteristicsIf you choose to talk about the character and qualities of the person, itâs advisable that you dwell on the qualities that were relevant and useful in the workplace.Dont talk about the character or qualities that are of no relevance in the workplace since you are giving him the retirement card as a colleague and not as a friend.For example, if he is good at playing soccer and you work in the health sector, dont start talking about how he is so good on the soccer field and how he inspires you to be a player, no thats off point.Instead, talk about how he is good with patients and how he makes them feel relaxed or any other work-related quality he has that makes him an asset in the workplace.Most often than not, people are remembered for their character and qualities. Even if the person wasnt so close to you, you can still see the qualities he has from afar.You dont need to be cordial with a person before you can write about their attribute and qualities in the workplace.Talk about the beautiful trait they have and how it has positively influenced their career, their colleagues and the organization or company.Qualities or characteristics you can talk about here can be their dedication to work, punctuality, diligence, honesty, jovial nature, and great customer relation skill etc.While mentioning the qualities, you can also talk about how the qualities improved the work environment or influenced you positively.Below are some example notes you could write if you are focusing on the qualities of your retiring colleague.You have a heart of gold you see the good in others even when they are unaware of it and you bring out the best of everyone around you. I wish you the best in life.Your excellent problem-solving skill made us wiggle out of many problematic situations at work. Thank you for making sure that I never got into trouble Ill miss having you around.Thank you for brightening our days at work with your melodious laughter and your warm jokes. You were our therapy for anxiety. May the days ahead be very bright and melodious like your contagious laughter.Thanks for filling the office with your positive energy and being optimistic even when the rest of us were pessimistic. Your energy was what kept us going when we were at our wits end. We love you and will miss your positive vibes. Our early bird is finally migrating. I didnt know it was possible to be consistent at one thing for more than thirty years without failing. For the past thirty years; there was never a day you came in late. Wow. I learnt how to be punctual because of your punctuality. Happy retirement Mr. Punctual.Your special charm was all we needed when we were faced with a grumpy and hard to please client, your customer care skill is second to none in the entire universe. We already miss you, happy retirement.â The aim of writing about the qualities or characteristics of your coworker is to make him realize that you appreciate his character and that he was an asset to the organization.Whenever he sees your card, he will definitely have a smile on his face because he is convinced that he didnât spend those years working for nothing.Knowing that he is remembered for good will make him feel he spent his years well.4. Retirement FreedomYou can choose to do something a little bit different from the regular talk about memories and qualities and write about the freedom that comes with retirement.As stated earlier, some people feel tense when the time for retirement comes because they cant seem to think of how they will cope with a new phase after years of doing the same thing every day.For some, it may appear weird that they now have to stay at home on Monday when everyone else is hurrying off to work or perhaps they have no meaningful pension plan or retirement savings as studies have shown 15% of Americans have no financial plan for retirement. Source: StatistaYou can help them ease that tension by talking about the fun of being retired.While writing a note in this category ensures that you sound funny, dont be too serious.Your aim is to get your colleague to look at retirement from the bright side and not to dampen his mood by talking of how he is so going to die of boredom at home or how he will have a hard time adjusting to the new life.Thats insensitive and inappropriate, you wouldnt want someone to write that in a card and give you when you are retiring.Rather talk about the exciting life that awaits him and how he can make every single day count by having fun.Make him realize that he has paid his dues and it is now time to sit back and enjoy the dividends of his years of labor.Below are examples of what you can write in the card you will present to your coworker.Congratulations on your promotion to the level of retirement, you now have unlimited access to all the fun you deserve. Based on your promotion to the level o f a retiree, your new responsibilities are the maximum investment in relaxation and happiness returns. Happy retirement buddy.âCongratulations on becoming your own boss, you now get to decide when you want to leave the house and how many hours your lunch break should be. Enjoy your freedom. Hurray, you have been upgraded from salary level to pension level, a level where you automatically reap the fruit of your years of labor. Enjoy your new level. Happy retirement.I wish I were you right now, no more long boring stressful hours at work and jumping out of bed when the alarm rings. Enjoy your freedom. âYou can now put the same level of effort you put into work, into enjoying yourself, your new annual goal is to have so much fun until it feels illegal. Congratulations on a well-deserved retirementâThe examples above are just samples to guide you; you can talk about other stressful things that they will no longer have to face and how retirement is a luxury you long for one day.Mak e them feel so good about finally going to rest after years of hard-work.5. Future PlansThis is almost similar to the previous category of retirement freedom that we talked about but it is a bit different.In the former category, all you get to talk about is how lucky he is to be finally free from the stress of work and how he now has the freedom to do whatever he wants to do.But this category focuses on helping the person keep his dreams and visions alive.There are a lot of people that have dreams about what their life after retirement will be but when the reality of retirement dawns on them, they tend to lose focus and become a bit confused.Most often when someone is unsure of his next move, he becomes a little bit tensed.If you notice your coworker doesnt look excited about retirement like he was initially, then it could be a sign that he doesnt know what to do or how to go about the plans he has made.If you have a colleague in this type of situation, you can help by giving him a card that talks about the dreams and visions he had and encourage him to pursue them.For example, based on a GoBankingRates survey that found women are less likely to have sufficient retirement savings, your female coworker who has always talked about how she wants to start a book club for women when she retires from work, could be scared due to lack of savings. Source: MoneyHence, you can write a note that encourages her and says:Happy retirement girl the time has come to finally actualize your dream of having a book club, count me in as your first member, I look forward to the first meeting.âNot only did you wish her a happy retirement, but you also reminded her of what she has in mind to do with the new spare time she has and you also show her support by saying you are signing up as the first member of her book club.Below are staples of notes you can write in the retirement card for your colleague depending on the plans they have for the future.For a coworker that loves nature and adventure and has looked forward to going on a vacation, you can write a note that says:The era of adventure has finally arrived, you can now travel around the world and explore different continents and have the fun of your life. Happy retirement. Or you can write a note that saysAdventure time is finally here. Get ready for a rollercoaster of enjoyment as you take in the beautiful nature of the continents of the earth. Happy retirement explorer.ââYou can now go skydiving, zip lining, and kayaking where ever you want too, the great thing is you can be away for as long as you want without running back to work. Happy retirement free bird.For a colleague that wants to start a business after retirement you can write:âYou have been promoted from the level of an employee to a boss. I have no doubt that you will succeed at whatever business you choose to do.ââNew boss alert, you are now your own boss. Happy retirement.âIf your kind of work is time-consuming and barely gave you enough time for family and if your coworker is a family oriented and has dreamt of spending more time with his family, you can write:âYou can now spend all the days of the week with your family without having to worry about being fired. You now get paid to have fun with your family. Happy retirement.ââFamily vacation can now be planned at will and at wha tever period of the year, you no longer have to wait for approval to spend quality time with your family.âItâs time to settle all the arrears of the family time you have been wishing for all these years. Have fun until it begins to feel like a crime. Happy retirement.âYou can also talk about the plans that the two of you made and how he now has the privilege of going through with the plans without any barrier.While writing the note ensure that it sounds Interesting and it triggers excitement, dont make it plain and boring.The future may be uncertain but if it is properly planned it can be exciting and colorful, that is what you should make him realize in the note.No matter what category you choose to write, ensure that the tone of the write up is a happy one.Wish him the best, dont dampen his mood by sounding sad or make it look like he is going to a place where you wont be able to reach him again.Make him realize that the fact that he is leaving the workplace doesnt mean that you are erasing him from your life.If you have just a formal relationship with the colleague, you can keep the note formal but still happy.While writing the note dont make the mistake of making it look as if you are happy to see them leave, make sure you dont pass across a good riddance to bad nonsense message, itâs better not to write a note at all than to write one that will make the person feel like a burden or not wanted.CONCLUSIONYou may still see your colleague after He or she retires especially if they reside in the same area or city with you, but if theyâre relocating out of the environment, there is every possibility that your paths may never cross again.Whatever may be the case, make sure you leave a good final impression.Let them leave with a good last memory of you and the best way you can ensure that is by wishing them a happy retirement in a good retirement card filled with a heart-warming note.
Friday, May 22, 2020
Fast Food Outlets Is Fast Growing And Competition Is...
Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words à |à 119 Pagesââ¬Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfactionâ⬠By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï ¶ Chap-1 Introduction 1.1 Global Retailing Industry..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.2 The Far East Experience..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problemâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words à |à 73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words à |à 24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 ââ¬Å"Hong Kong styleâ⬠Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words à |à 36 PagesCHAPTER ââ¬â 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words à |à 19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words à |à 28 Pagesappointmentââ¬âa pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso McdonaldÃâà ´S9665 W ords à |à 39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Archesââ¬âthe corporate emblem that adorned every restaurantââ¬â symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonaldââ¬â¢s served over 20 million customers every day.1 Although such a number testified to the restaurant chainââ¬â¢s success, it also suggested a troubling question for management. With McDonaldââ¬â¢s alreadyRead MoreFood Truck Business Essay7399 Words à |à 30 Pagesâ⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦12 Competition â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦13 SWOT Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦. â⬠¦. 15 Marketing Plan â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦17 Product â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦. 18 Promotion â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦. 21 Financial Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words à |à 44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 Ã⢠Volatile coffee markets 35 Ã⢠Market/lifestyle fluctuations 35 Ã⢠Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words à |à 42 Pagescustomerââ¬â¢s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by
Fast Food Outlets Is Fast Growing And Competition Is...
Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words à |à 119 Pagesââ¬Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfactionâ⬠By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï ¶ Chap-1 Introduction 1.1 Global Retailing Industry..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.2 The Far East Experience..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problemâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words à |à 73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words à |à 24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 ââ¬Å"Hong Kong styleâ⬠Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words à |à 36 PagesCHAPTER ââ¬â 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words à |à 19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words à |à 28 Pagesappointmentââ¬âa pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso McdonaldÃâà ´S9665 W ords à |à 39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Archesââ¬âthe corporate emblem that adorned every restaurantââ¬â symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonaldââ¬â¢s served over 20 million customers every day.1 Although such a number testified to the restaurant chainââ¬â¢s success, it also suggested a troubling question for management. With McDonaldââ¬â¢s alreadyRead MoreFood Truck Business Essay7399 Words à |à 30 Pagesâ⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦12 Competition â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦13 SWOT Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦. â⬠¦. 15 Marketing Plan â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦17 Product â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦. 18 Promotion â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦. 21 Financial Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words à |à 44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 Ã⢠Volatile coffee markets 35 Ã⢠Market/lifestyle fluctuations 35 Ã⢠Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words à |à 42 Pagescustomerââ¬â¢s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by
Fast Food Outlets Is Fast Growing And Competition Is...
Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words à |à 119 Pagesââ¬Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfactionâ⬠By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï ¶ Chap-1 Introduction 1.1 Global Retailing Industry..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.2 The Far East Experience..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problemâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words à |à 73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words à |à 24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 ââ¬Å"Hong Kong styleâ⬠Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words à |à 36 PagesCHAPTER ââ¬â 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words à |à 19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words à |à 28 Pagesappointmentââ¬âa pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso McdonaldÃâà ´S9665 W ords à |à 39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Archesââ¬âthe corporate emblem that adorned every restaurantââ¬â symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonaldââ¬â¢s served over 20 million customers every day.1 Although such a number testified to the restaurant chainââ¬â¢s success, it also suggested a troubling question for management. With McDonaldââ¬â¢s alreadyRead MoreFood Truck Business Essay7399 Words à |à 30 Pagesâ⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦12 Competition â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦13 SWOT Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦. â⬠¦. 15 Marketing Plan â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦17 Product â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦. 18 Promotion â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦. 21 Financial Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words à |à 44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 Ã⢠Volatile coffee markets 35 Ã⢠Market/lifestyle fluctuations 35 Ã⢠Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words à |à 42 Pagescustomerââ¬â¢s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by
Fast Food Outlets Is Fast Growing And Competition Is...
Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words à |à 119 Pagesââ¬Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfactionâ⬠By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï ¶ Chap-1 Introduction 1.1 Global Retailing Industry..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.2 The Far East Experience..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problemâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words à |à 73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words à |à 24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 ââ¬Å"Hong Kong styleâ⬠Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words à |à 36 PagesCHAPTER ââ¬â 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words à |à 19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words à |à 28 Pagesappointmentââ¬âa pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso McdonaldÃâà ´S9665 W ords à |à 39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Archesââ¬âthe corporate emblem that adorned every restaurantââ¬â symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonaldââ¬â¢s served over 20 million customers every day.1 Although such a number testified to the restaurant chainââ¬â¢s success, it also suggested a troubling question for management. With McDonaldââ¬â¢s alreadyRead MoreFood Truck Business Essay7399 Words à |à 30 Pagesâ⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦12 Competition â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦13 SWOT Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦. â⬠¦. 15 Marketing Plan â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦17 Product â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦. 18 Promotion â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦. 21 Financial Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words à |à 44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 Ã⢠Volatile coffee markets 35 Ã⢠Market/lifestyle fluctuations 35 Ã⢠Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words à |à 42 Pagescustomerââ¬â¢s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by
Fast Food Outlets Is Fast Growing And Competition Is...
Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words à |à 119 Pagesââ¬Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfactionâ⬠By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï ¶ Chap-1 Introduction 1.1 Global Retailing Industry..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.2 The Far East Experience..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problemâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words à |à 73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words à |à 24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 ââ¬Å"Hong Kong styleâ⬠Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words à |à 36 PagesCHAPTER ââ¬â 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words à |à 19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words à |à 28 Pagesappointmentââ¬âa pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso McdonaldÃâà ´S9665 W ords à |à 39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Archesââ¬âthe corporate emblem that adorned every restaurantââ¬â symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonaldââ¬â¢s served over 20 million customers every day.1 Although such a number testified to the restaurant chainââ¬â¢s success, it also suggested a troubling question for management. With McDonaldââ¬â¢s alreadyRead MoreFood Truck Business Essay7399 Words à |à 30 Pagesâ⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦12 Competition â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦13 SWOT Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦ â⬠¦Ã¢â¬ ¦. â⬠¦. 15 Marketing Plan â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦17 Product â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦. 18 Promotion â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦. 21 Financial Analysis â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦.. â⬠¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words à |à 44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 Ã⢠Volatile coffee markets 35 Ã⢠Market/lifestyle fluctuations 35 Ã⢠Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words à |à 42 Pagescustomerââ¬â¢s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by
Wednesday, May 6, 2020
Analyzing Satire and Parody in Blazing Saddles Essay
Analyzing Satire and Parody in Blazing Saddles No one is born a racist bigot. In other words, racial bigotry or racial prejudice is not genetically or biologically determined... Therefore, if most people spoke out about racism, it would be the first step towards a revolutionary change. -Dr. Charles Quist-Adade Mel Brooksââ¬â¢ Blazing Saddles, sheds light to the cultural problems of the Western era through satire with elements of parody within. John Vogel describes Blazing Saddles as ââ¬Å"The Ultimate Western Spoof.â⬠The problem of racism is the main focus of this film. If one takes a closer look at the work of Mel Brooks, there is a noticeable trend of his films pointing fingers at racists. In order to better understand why he takes thisâ⬠¦show more contentâ⬠¦Ã¢â¬Å"Some of the features that are to become key elements of the genre are to be found in early silent Westerns from the late 1890s and early 1900sâ⬠(Westerns). Since this time, many of the famous films have become household names. For some peopl e, the reason they have been introduced to this film genre is because of their grandparents or parents. For others, they may have a genuine interest to understand this culture that has transformed itself to fit with a new era of time. Although these films have been able to generate great amounts of revenue, they are full of underlying elements that show the cultural issues of that time period. Moreover, some of these elements may not be noticeable to everyone at first, but that is where the satire and parody come into play. Satire is a technique employed by writers to expose and criticize foolishness and corruption of an individual or a society by using humor, irony, exaggeration or ridicule. It intends to improve humanity by criticizing its follies1 and foibles2. A writer may point satire 1. folâ⬠¢ly noun \ÃËfà ¤-lÃâ\: the lack of good sense or judgment (Merriam) 2. foiâ⬠¢ble noun \ÃËfoÃâ¡i-bÃâ¢l\: a minor fault in someones character or behavior (Merriam) toward a person, a country or even the entire world. (Literary) Merriam-Webster Dictionary defines parody as ââ¬Å"a piece of writing, music, etc., that imitates the style of someone or something else in an amusing way.â⬠The Schirmer Encyclopedia of
Beyond the printed page Free Essays
Technology is rapidly changing the nature of the global media. For example, Daniel Czitrom, in his book entitled ââ¬ËMedia and the American Mind: From Morse to McLuhanââ¬â¢, states that one of three major traditions or persuasions in American thought with regard to the impact of modern mass media, views changes in communications technology as the driving force in the historical changes in such media impacts on society. This is the school of thought of the ââ¬Å"radical mediaâ⬠theorists Harold Innis and Marshall McLuhan, who are said to have highlighted the thesis in different ways in their works (Czitrom 1982, p. We will write a custom essay sample on Beyond the printed page or any similar topic only for you Order Now xii). Not only is the change with regard to the changes in the impacts of mass media on society, it is also in with regard to ownership of mass media, as both technology and economics are credited with driving a convergence of the different forms of media, and implicitly, a convergence on ownership of the different forms of media (Compaine and Gornery 2000, p. xvi). The online books have major advantages compared with print versions. It benefits greatly from the evolution of technology, with the new emerging technologies endowing online books with the ability to dynamically update, hyperlink, provide efficient searching, real-time interactivity and multimedia. All these instruments help the online books deliver materials to readers more efficiently and more diversely, than its print version. Moreover, the online books attract more non-local readers and many younger readers, while the print version mainly focuses on the local or national market. 2. What devices and technologies exist or will soon exist for reading digital books? There are no several devices being manufactured that will soon make the move from printed to digital books. In fact, the move to replace printed books with electronic versions has the stamp of approval of earnest researchers, experts and scientists such that readers are now able to access thousands of books in one portable, mobile and accessible case. For instance, the Sony Reader is a new electronic book device that makes use of the display technology called the electronic ink. It was developed by the E-link in Massachusetts where the display gives a most natural reading experience for the reader, using no backlight. It uses a form of electronic ink including displays on credit cards that do not break when bent. The food labels are able to change prices throughout the day too. How this is done is by plastic films with transparent microscopic liquid-filled spheres, the size of a hairââ¬â¢s diameters where there floats even smaller black and white particles. The black particles are negatively charged while the white particles are positively charged. These now forms ink patterns of black and white depending on how the electric charge is applied to the film. The Sony Reader need not be turned off and just like a printed book, it can just be set aside and the current page remains on the screen without draining any battery power. Studies have even proven that users report increased readability and a minimal eyestrain compared to other electronic book technology. (Scientists develop E-link to Replace Books and Newspapers). 3. How are publishers adapting to digital books? Apart from the interest from readers, on the business side the idea of moving pictures in a newspaper attracts more attention and brings greater business opportunity. More and more advertisers are interested in using online video advertisements and are shifting some of their advertisements from television to the web. New kinds of video ads are becoming popular pre-rolls and post-rolls, video ads that run before or after the news video clip. Meanwhile, web news forecasts give the opportunity for TV-style commercials. In each three-minute News Journal Newscast two fifteen second ad fragments and one thirty second fragment are inserted. This idea was only proposed two months ago, and already more than eighty-five percent of the airtime slices have been sold. (Oxfeld, 2004). Currently, publishers are looking into the digital rights. These issues are inevitable due to the large number of people involved in it. It is also complicated by the fact that these people come from different places. Laws which govern them are different. Yet publishers are quite discouraged. More so, there are not much available treaties or conventions from which rules and guidelines regarding digital rights can be seen. One of main problems with regard to digital rights is the problem on unauthorized copying and transmission of printed books and digital information. This is a problem about rights to intellectual property. Tran (2001) says there are many interlinked communities in the web. As such, sharing different materials can be very convenient. According to him, file types frequently used are MP3s, MPEGs, JPEGs, and PDFs. There is a proliferation of many copies of these kinds of files which are transmitted from two different points. He further elaborates that the problem lies in putting a stop or even delaying the process of the undisturbed exchange rate of copyrighted digital materials. There are a lot of factors that cannot be easily prevented such as the increasing sophistication of technology and the speed of transmission (Tran). The problem is not as easy as it seems but publishers are still keen on the fact that there are still people who would want to have books instead of electronic devices as reading materials. WORKS CITED Compaine, Benjamin M. and Douglas Gomery (2000), ââ¬ËWho Owns the Media? : Competition and Concentration in the Mass Media Industryââ¬â¢, Lawrence Erlbaum Associates,Mahwah, NJ, p xvi Czitrom, Daniel J. ââ¬ËMedia and the American Mind: From Morse to McLuhanââ¬â¢, University of North Carolina Press, Chapel Hill, NC, p. xii (1982), Guard and Nurture your Intellectual Property Rights. Retrieved May 20, 2007 at: http://archives. obs-us. com/obs/german/books/paperl/chap091. htm Oxfeld, Jesse ââ¬ËWatching the Newspaper, 2004. Retrieved May 20, 2007 at: http://www. editorandpublisher. com/eandp/columns/newspaper_2point0_display. jsp? vnu_content_id=1000739225 Scientists develop E-link to Replace Books and Newspapers. http://www. aip. org/dbis/HFES/stories/17027. html Tran, N. 2001. ââ¬Å"Digital Right Managementâ⬠, www. cas. master. ca. Retrieved May 20, 2007 at http://www. cas. mcmaster. ca/~wmfarmer/SE-4C03-01/papers/Tran-DRM-aux. html How to cite Beyond the printed page, Papers
Sunday, April 26, 2020
Organizational Effectiveness
Organizational effectiveness Advertising We will write a custom essay sample on Organizational Effectiveness specifically for you for only $16.05 $11/page Learn More People subsystem From the above diagram, it is apparent that the people subsystem may be effective when the incentives are properly matched with the responsibilities assigned to an individual in an organization. As a result, there will be optimal performance within acceptable organization behavior that will make an employee responsive to team work and learning initiatives (Andreadis 2009). Generally, the people subsystem may be declared effective when there is a balance in each of the above elements in a learning organization environment. Factors affecting organizational effectiveness Organizations function best when the intra and inter communication systems are perfect. Therefore, successful organizations manage information continuously. The practice of information management involves the science of processing information to facilitate informed decision making among managers. However, the channels of this information should be protected to ensure protection of the organizationââ¬â¢s private information that may lead to the unwanted third party interference. In information system implementation planning strategy, culture defines all aspects of a business, both internal and external relationships. In encoding and decoding information, it is critical to balance the wanted and unwanted grapevine. Thus, in reviewing performance based on feedback received, it is important to handle the voluntary information with care to boost trust and confidentiality which form the pinnacle of organizational behavior.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, it is critical to balance the feedback with the goals of such an organization as a remedy towards inclusiveness and act ive participation which translates into desirable performance. Generally, a risk is regarded as a negative factor in the introduction of new technology in an organization because of its associated downside exposure to unrealized benefits, technical; performance shortfalls, time slippage, cost overruns, and withdrawal of the staff who may feel sidelined. It is imperative to have a good strategy to manage the risks associated with the adoption of new concepts such as technological efficiency. Estimation and evaluation of risk is an assumption that it is possible to draw logical conclusions regarding the chance of a risk occurring, as well as the possible effect of that risk. Risks can also be categorized as a short-term or a long term risk. Determination of short term risks assists in mitigating long term effects which may result from neglected short-term risks. Through training of the evaluation and performance reviewers, it is possible to boost morale and maintain desirable confiden ce levels within stakeholders and staff in any organization. The process should be inclusive of structured evaluation and progress reporting tools to make the organization effective (Andreadis 2009). Ethics can be applied in any organization. Basically, ethics denote sets of laws or moral systems that provide a basis for discerning whether an action is correct or erroneous. Therefore, members of an organization can come up with ethical principles that guide them when carrying out their duties. There should be laid down structures formulated in to keep staff in healthy and stable mind in their duty of serving the interests of an organization through regulatory ethical communication models. These models define expected behavior, procedural patterns, and response to every deviation. Organizational behavior should be aligned within four models.Advertising We will write a custom essay sample on Organizational Effectiveness specifically for you for only $16.05 $11/page Learn More These models are the motivation to acquire, bond, comprehend, and defend. Therefore, a proactive behavior control system should function within a structured reward system (Andreadis 2009). When the system functions within accepted parameters, employees will eventually develop a self consciousness to deliver quality services and defend the organization as part of a family unit. Reflectively, setting an objective and then designing a method to achieve is a common practice in every organization. All the organizations follow the norm but few are able to achieve or exceed the set objectives. The difference of result is due to the approach taken by the organization. The organizations which are able to implement and manage their resources in effective and efficient manner stand out from the rest. The phenomenon is termed as strategic planning and systems management through focusing. Through focusing, the organization is able to shift risks and costs arising from losse s from substandard goods supplied in scenarios where management makes representations on areas concerning the quality of the product. This reduces administrative costs while increasing chances of the companyââ¬â¢s profitability as the operations become streamlined (Von-Bertalanffy 2002). The main positive influencers of good organization behavior include motivation, empowerment, and training. Reflectively, these factors should be internalized in an organization to foster proactive attitude among the staff. Among the motivation enhancing practices include incentives, promotions, rewards, and recognition. The effectives of these components depend on vertical, horizontal, and work alignments. Therefore, the feedback system management system may influence positive or negative perception among employees. This will eventually determine the effectiveness of such an organization (Bass 1990). The aspect of planning is important to demystify poor performance as part of employee redundancy. Reflectively, proper use of competency review system is directly proportional to employee performance since the magnitude of success depends on social interaction skills.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, organizational effectiveness should be the cornerstone for modeling acceptable behavior between the management and staff (Sinclair 2010). However, the policies adopted should be aligned to the basic building blocks of performance and scope of the organization. These policies should incorporate employee-employer relationship model, performance review, and organizational social culture. Organizational development has been defined as a process of fostering developing within the organizational set ups through the adoption of a cycle of well planned intervention approaches aimed at enhancing the general efficiency of an organization at the same time bettering the positions of a majority of its members. Unlike the traditional business promotion systems where bettering the financial well-being of an organization was important, organizational development has other new processes and emphasizes on the use of greater understandings and fostering good relationships as a critical way to achieve growth in organizations. Thus, organizational development pays more attention to relationships between organizations and their surrounding environments solely for the betterment of organizations. Human process based intervention strategies are presented as basically aimed at making an improvement to the general state of relationships between individuals and within and among groups in an organizational set up. To attain this, a sensitive form of training is carried out to ensure that both manager and employee teams remain accommodative to the basic needs of their counterparts. An emotion testing program is introduced to test the emotional position of employees towards each other after which a counseling session is held to ensure that employees care much about the social needs of their counterparts (Lipshitz, Friedman and Popper 2007). The main driving point in these particular approaches is the argument that the good state of relations, information transfer, and collaborat ion are essential in fostering good environments for the flourishing of an organization. Different sets of surveys should be frequently carried out in organizations in order to pinpoint the major areas warranting changes. This is necessary for the general betterment of operations in such organizations. Simply put, human based intervention strategies in organizational development are aimed at creating a working environment filled with harmonious working relationships as a major competitive advantage in the ever changing business environment. On the other hand, techno-structural intervention strategies are listed as entailing the incorporation of social-technical systems in various sections of an organization ranging from the business operational processes to the organizational structures among other areas (Olmstead 2002). Common strategies in this main category include the enlargement and enrichment of staff jobs within an organization as well as the creation of alternative work sche dules. Techno structural strategies are generally aimed at transforming the general working conditions an environment of workers in order to attain maximum outputs from their work. Job enlargement involves the creation of additional tasks to particular job categories whereas job enrichment entails the spicing up of particular jobs in order to make them more attractive to those who perform them. Irrespective of the size of an organization, productive and counterproductive behaviors influence productivity of that organization. Besides, they form the basic building units of organizational psychology. Thus, comprehensive understanding of these opposite behavior orientation is vital towards maximizing productive behavior while minimizing counterproductive one. Therefore, it is factual that productive behavior is directly and positively proportional to productivity level exhibited in an organization. Generally, it promotes and encourages goal achievement within an organization. The counte rproductive behavior limits productivity within an organization. In most cases, this unwanted behavior adopts the form of drug abuse, sexual harassment, alcoholism, employee absenteeism among other vices that are oppositely skewed towards company goals. Generally, this unwelcomed behavior is often associated with ineffective performance (Andreadis 2009). In order to understand the impacts of productive and counterproductive behaviors on performance and productivity, it is necessary to establish the scope and characteristic of each behavior module. As indicated in the above definition, productive behavior is desired in an organization since it promotes optimal productivity and is in line with the goals and set targets of the organization. It takes the form of professionalism, organization, respect, optimal performance, and discipline. Therefore, productive behavior stresses to the employee the need for an active cooperation between them and the roles assigned in the planning and exec ution of the set targets for the assigned roles. Specifically, productive behavior identifies a range of problem situations facing the organization in their social environment, and generates multiple alternative solutions to those problems and lays a series of procedures that are necessary to achieve desired results (Britt Jex, 2008). This will be achieved through discussions and structured activities that involve hypothetical and real interpersonal problem situations designed to help teach the employees problem solving skills. In this scenario, the junior employees and those in advanced stages will require the same set of procedures to help them solve the problems. Besides, productive behavior puts emphasis on advanced maladaptive behaviors because they provide perfect scenario for understanding the situation and offer comprehensive solutions. In an organization environment, productive behavior will give the employees an opportunity to benefit from the feedback and experiences fro m their peers and learn anticipated obstacles in implementing the acquired skills that promote productivity (Spector 2008). To increases productive behavior, it is vital to create healthy work environment and personal growth perspectives that apply to all situations since problems that each individual faces at an interpersonal level ultimately affect the group. In carrying out an in-depth enquiry to each employeeââ¬â¢s personal life, organizational psychologists should endeavor to determine which behavioral therapy best suits the individual. Thus, through properly designed training procedures, talent promotion, and motivation, productive behavior internalization will present that individual with the best alternative ways of solving problems he or she faces in role execution (Sinclair 2006). For an organization to succeed in calculating relevant organs, departments, and channels for addressing and promoting productive behavior, there must be an all round objective working relation ship with the employees. Since all the working class adults in most organizations use up half and plus of their waking hours in work place, employers are given a very unique opportunity to establish and monitor a desirable culture to improve and maintain a healthy workforce. These may be in the form of psychological, experience, value and beliefs, attitudes, and group common interests (Brit and Jex 2008). Unless they take a positive attitude to embrace change and create an environment that motivated change, quantifiable change may just be a dream. Conclusion Specifically, a good working environment should be flexible, relevant, and comfortable within set measurement standards that support intrinsic and extrinsic relationship environment has on performance of employees. However, these measures should be specific to a work environment, skills of employees, and goals of an organization. Besides, it is important to consider the size of an organization and nature of its duties. Organizat ional behavior is influenced by several factors such as motivation, promotion, and structured feedback system within any industry. However, policies aimed at balancing performance and behavior should be aligned to the goals of an organization to make it effective. Reference List Andreadis, N 2009, ââ¬Å"Learning and organizational effectiveness: A systems perspective,â⬠Performance Improvement, vol. 48 no. 1, pp. 5-11. Bass, B. M 1990, Bass Sogdillââ¬â¢s Handbook of Leadership: Theory, Research and Managerial Applications, The Free Press: New York. Britt, W., Jex, M 2008, Organizational Psychology: A Scientist-Practitioner Approach, Wiley: New York. Lipshitz, R., Friedman, V.J., Popper, M 2007, Demystifying organizational learning, Thousand Oaks, California. Olmstead, J.A 2002, Creating the functionally competent organization: An open systems approach, Quorum Books, Westport Sinclair, M 2010, Fear and Self-Loathing in the City: A Guide to Keeping Sane in the Square Mile, Karnac Books, London. Spector, P 2008, Industrial and organizational psychology: Research and practice, John Wiley Sons, Inc: New York. Von-Bertalanffy, L 2002, Building the learning organization, Palo Alto, CA: Davies-Black. 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