sample
Haven't found the Essay You Want?
GET YOUR CUSTOM ESSAY SAMPLE
For Only $12.90/page

Profit Essay Topics & Paper Examples

Competition Between Airbus and Boeing

1. Outsource approximately 70% of manufacturing. Could it find suppliers who could consistently make the high quality parts needed by Boeing? Actually to outsource 70% of the manufacturing process is a very huge % and will result in facing many problems because of less control over the process attached to this high% of outsourcing. This will also considered as a high risk (Threat)the company will have to bear in terms of quality and lead time, because the more the outsource the company base its strategy the less the control the company will practice over its products. Looking to the reasons that might be behind the outsourcing decision are as follow:  Lacking the required capacity to meet forecasted demand (…

Principles of Motion Economy

“PRINCIPLES OF MOTION ECONOMY” These 22 rules are principles of motion economy are profitably applied to many kinds of work. Although not all are applicable to every operation, they do form a basis or a code for improving the efficiency and reducing fatigue in manual work. USE OF THE HUMAN BODY 1.The two hands should begin as well as complete their motions at the same time. 2.The two hands should not be idle at the same time, except during rest periods. 3.Motions of the arms should be made in opposite and symmetrical directions, and should be made simultaneously. 4.Hand and body motions should be confined to the lowest classification with which it is possible to perform the work satisfactorily. 5.Momentum…

Balance Scorecard of Ford Motors

1. Standards to Evaluate goals: I have a lot of critical success factors to evaluate the Ford Motors goals and ensure that it gets accomplished. Some of standards are financial and others are non-financial and some of them are quantitative and others qualitative in nature. I have judged the performance goals with at least these three standards; 2.1 Profitability and Growth: Profitability is vital to success for Ford Motors. A profitable business pays interest to lenders, tax to authority and dividend to shareholders and bonuses to employees in time. It helps in satisfying all the stakeholders of FM. A profitable FM creates more opportunity for growth and a growing FM will generate further profit to satisfy the stakeholders. So, this…

Profit Center

The TallTree2 Hotel Casino is a 640-room resort complex featuring a full range of Nevada-style gaming with slot machines and table games. Besides the hotel and casino, it also operates four restaurants, two entertainment showrooms and three gift shops. Because of the economic environment at the time, TallTree2 wanted to improve its bottom line by launching a range of Special Events like golf tournaments, boxing matches, New Year Parties and a series of pit, keno and slot tournaments. Those special events were specifically designed to compensate for the slow periods and generate additional gaming revenues. Terrence Wei, the new property president, feels that his department managers appear to be in conflict with each other. The managers of each department have…

Albatross Anchor

Introduction Albatross Anchor is a small, family owned business located in Smalltown, USA that started in 1976. There staff grew from 4 employees to 130 in no time. All of their operations were ran in the same building with the Admin in the front and manufacturing in the back. The plant is antiquated, worn, dirty technology deprived and no longer meets all the USA standard requirements. Question One Carefully review the assignment scenario/case study. From the limited information in the scenario/case study, along with your answers to the unit three written assignment, identify at least three direct and specific long-term and three direct and specific short term operations changes that Albatross Anchor must make to gain a clear and sustainable…

Profit Interests

Over the years the law governing partnership and the payments to be allocated to the partners either for the services offered or for the property was being treated like a transaction. This aspect of partnership laws includes but not limited to payments received as interests of profit made in the partnership as payments for services rendered and this could either be viewed either as a capital or profit interests. This has for many years caused rows which are taken to the corridors of justice, courtesy of the existing substantial uncertainty and in the same vein the conflicting precedents of tax laws cases on decisions on whether profit interest should be taxed and at what rate. Albeit, in 2005 May, the…

Recommendations to Management

Problem: Increase marketing of Chiropractic Services. My aim is to bring strategies that will increase the profitability of your practice, while at the same time improving patient satisfaction and results. In the process of achieving these aims, I also seek to improve the public’s image of chiropractic care. First Recommendation: To increase profits and public awareness. Rational: Increasing profit is the main goal in any business. To help you increase profits I wish to provide advice in the following areas, as suitable: • debt reduction • retirement planning • overhead reduction • investment strategies • bankruptcy guidance • collection assistance I feel that by using sound business advice in these areas you will improve your profits marginally. Together we will…

Three Step Matrix in Strategic Marketing

Strategic marketing comes into place to standardize the marketing practice, ultimately satisfying the customer needs through increasing company’s competitive advantages. The base of any corporate to develop the winning strategically needs close monitoring in the internal and external environment. There are many instances where some company failure due to not been able to monitor the market situation adequately but in other instance we also can see the growth of company due to innovation, diversification and became the market leader. So for well understood of the marketing behaviour we have to see their strategy. So to be the market leader or winning in the market place needs right decision at right time using right technology, which ultimately creates the Sustainable Competitive…

Financial Analysis of Primark

Background At present, the Primark Ltd has 162 stores located in the UK, Spain and Ireland. They are subsidiary of Penney Brand Company which is based in England and recently announced it has hired its 25,000th person among its stores (Nagdeman, 2009). According to a recently research, the Primark company rose its selling space by 65% in the past 12 months, which is clearly showing how successfully these stores are being and ever-expanding. With regards to products and services it is very obvious to see demand has increased quickly in recent years trading. This may because the Primark Ltd is dealing in a fashionable market but with affordable clothing for everyone in the mainstream market at the moment (Yun, 2008)….

Assignment Product Life Cycle

Each product will have a life cycle. Using examples, illustrate each stage in the Product Life Cycle outlining the possible challenges and strategies which may be employed to sustain the sales and profitability of the product. What is a Product? A product is anything that can be offered to a market for attention, acquisition, use, or consumption and that might satisfy the customer wants or needs. A product is more than just a tangible goods, it is a service (haircuts, home repairs etc) or idea. However, in marketing product is not just looked at as something that is tangible, but it allow for communicating with the targeted audience on matters such as packaging, branding, highlighting the product tangible benefits, the…

Herman Miller Inc

1. Herman Miller, Inc employs a broad differentiation strategy. The essence of a broad differentiation strategy is to offer a unique product or service attributes that a wide range of buyers find appealing and worth paying for, and Herman Miller (HMI) does just that through innovative products and processes. Unlike most firms, especially those in mature industries and most of its office furniture rivals, Herman Miller pursued a path distinctively marked by reinvention and renewal. The company obtained a competitive advantage by studying buyers’ needs and behaviors carefully in order to learn what buyers think has value and what they are willing to pay for. Even in downturns, it invested in millions of dollars in research and development. This not…

One Nation under Wal-Mart

82% of American households purchase at least one item from Wal-Mart every year. Wal-Mart controls about 30% of the market in household staples. Sells 15% of all magazines and 15%-20% of all CDs, videos and DVDs. It is expected to control over 35% of U.S. food sales. When comparing other companies that sell consumer products, Wal-Mart represents a big chunk of their total business: 20% for Dial, 24% for Del Monte, and 23% for Revlon. Wal-Mart is responsible for 10% of all goods imported to the United States from China. Wal-Mart offers the lowest prices in all of their products, because of the cost efficiency it has achieved. Wal-Mart’s buying power and cost-saving efficiencies force local rivals out of business,…

Mexican Wire Works Case Study

Abstract Mexican Wire Works is a producer of wire windings used in making electrical transformers. This company has the good fortune of booking more orders then they can fill. The company has ordered new equipment to help in the long term, but they still have a short term issue. In addition, the company is refinancing long term debt and needs profits to be as high as possible to counteract the effects of this refinance. The problem is to select the orders that will make the company the most profitable for the month, while keeping customers happy by filling their minimum requirements. Introduction Mexicana, a subsidiary of Westover Wire Works, a Texas firm, is a medium-sized producer of wire windings used…

Case Analysis- Colgate Max Fresh: Global Brand Rollout

Q1. Did China and Mexico each do a good job of adapting the launch to meet local consumer needs? What is the likely profit impact of each plan? Which of the proposed adaptations were “must haves” versus “nice to haves”? China Though freshness accounted for 28% of consumer reason for a toothpaste purchase was a new concept Responses of the customer were above the norms for new toothpaste products in terms of buying behavior, perceived quality, value for money, and uniqueness Sales in first year of 3882 tons, COGS as 50 % of sales and marketing expenses of 78% Sales in second year of 4370 tons, COGS as 41 % of sales and marketing expenses of 42% Given this trend…

Canco Ltd Case

Summary The Canadian fradistat industry consists of four companies: Acme Ltd., Beaver Ltd., Canco Ltd., and Deeco Ltd. Though the industry is growing, it needs highly skilled workers where the products cannot be replicated with the current technology but the company focuses on local markets. Canco Ltd. was established in 1976 in Atlantic Canada and is the second largest company with a market share of 29% but the profits in 2007 were only third highest with the products of average quality. The company’s flagship plant in New Brunswick, for the past three years, has been operating below its capacity, as total industry sales in the eastern region have grown slowly and the company lost some of its share of the…

Individual Learning Project

The organization selected for analysis and evaluation is American Lake Credit Union. This organization is composed of two main branches, both located in Tacoma, Washington. In contrast to banks, Credit Unions are smaller organizations and are directed by members who are selected via a vote to serve in an all-volunteer board of directors for the organization (Scott, and Johnston, p.2, 2011). Specifically, this credit union was founded in 1948 and has grown since then. (C. Fitzer, personal communication April 7, 2014). For instance, although the organization is small in size through a partnership with a credit union network, it is able to provide general financial services at diverse locations throughout the country (CO-OP Financial Services, 2013). In addition, the active…

Ben & Jerry’s Homemade

With four offers on the table, Ben & Jerry’s had quite the decision to make. When it came down to it, they chose the most attractive offer which turned out to be with Unilever. As time passed, this was shown to ultimately be a very wise choice as the financial results would later show impressive results. These impressive results could be seen by looking at how the operating margins tripled and were able to maintain a 700M operating profit in succeeding years after the merger (starting in 2002), operations expanded into 13 new countries, and that their sales reached a notable $417.9 million. Put this together with the fact that Unilever let Ben & Jerry’s continue to operate as an…

Au Bon Pain Case Study

Business Strategy: Au Bon Pain (ABP) is an upscale French Bakery chain restaurant that competes with other fast food restaurants. They would like to go from a “Cycle of Failure” to differentiating themselves from their competitors by improving their customer experience. Alignment: Au Bon Pain wanted to differentiate themselves from other fast food chains by increasing the customer experience so that there would be more repeat customers and a consistent income stream. This meant improving relationships with customers which would increase if they had positive experiences and name recognition by staff. ABP had to decrease turnover of staff and increase autonomy at local stores to create the experience that they wanted for their customers. They did this by creating the…

Internal and External Factors

In this paper, I will be discussing the internal as well as the external factors such as Globalization, technology, innovation, diversity and ethics affect the four functions of management in the restaurant plan. I will be using examples from each factor as well as using peer reviews from my team discussion. The globalization in the restaurant industry is crucial this measures the healthy financial side of the company by growing and interacting with different cultures. People travel on vacation all the time we go to different countries and we enjoy the different cuisine. Investors are always among this people and are looking for growth opportunity for their business concept. One very good example that we have is “GE which became…

Case Study on RELE-Rouen: Language Immersion in Normandy

Executive Summary Maxime is the co-founder of RELE-Rouen, a franchise language school under RELE at Rouen, France. The business took a downturn during the economic crisis from 2009 to 2011 and it has been losing money for three consecutive years. The franchise contract with RELE is due for renewal in two month. At this time, Maxime is presented with three options: 1. Renew franchise contract with RELE 2. Switch to OILT programs 3. Sell the building to EFEL This report first explored the constrains that Maxime faces in this decision making process. And then the three options are analyzed and compared in details by using a set of criteria, including financial return, franchise models comparison, and other business strategy related…

Evaluate The Influence Different Stakeholders

1. Customer: The first stakeholder I am going to evaluate is the customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. These Customers are stakeholders in a company for financial reasons, customers do not want to have to spend an excessive amount of money to purchase products for monthly bases, and so if the products are cheaper in Asda, than they are in another store such as Tesco then customers will buy the cheaper one which then attracts more stakeholders which are costumers. In the UK Customers demand cheaper products so local and national stores such as Asda will try to have the cheapest products for customers to buy which then encourages…

Milan Sanitation Department

1) What are the strengths and weakness of the system that Mr. Sponza developed for the control repair facility? Strengths a) By changing eight department they called shops as a “Profit Center” change the work attitudes of the workers. Since they’re now profit oriented, their productivity increase thus increase profits. b) By having this concept every each departments form a spirit of competitiveness, they compete each other even comparing to private sector. Having profit motives in every individual mind increase productivity thus increase profits. Weakness a) The concept doesn’t work in Engine Department due to cost to rebuilt engine was as much as the cost to buy new engine. b) Clocking actual time to do jobs will create uneasy to…

Hazel’s business case

In what ways are Hazel’s customers most likely to judge the quality of her lawn care service? Answer: They will give some feedback regarding the cleaning after done cutting their grass, the duration of how long the lawn care service will be done, length of the grass should not be too long or too short, and the health condition of grass. Hazel is the operations manager of her business. Among her responsibilities are forecasting, inventory management, scheduling, quality assurance, and maintenance. What kinds of things would likely require forecasts? Answer: weather, seasons, and maintenance. What inventory items does Hazel probably have? Name one inventory decision she has to make periodically. Answer: parts of mowing machines, gas, and fertilizer. She has…

Chang Koh Metal Ptd Ltd

Comment on the fixed salary system that Andrew adopted from his former employer. Why was this system not effective for motivating the plant workers? Do you think that scrapping the fixed salary system and replacing it with the piece rate system was a good idea? What are some of the strengths and weaknesses of the piece rate system? Why was Andrew unsuccessful in his efforts to improve product quality? Do you think that a system of demerit points and wage deductions of the quality control workers would have been effective? Will more supervisors in the quality control department and shipping products to Singapore for final inspection solve the problem? What do you think would be an effective way to improve…

Color scope Case Management Accounting

Printing sector, which is due to the new technologies coming to the market, that made a change the competitive position of the company. The impact of the external environment ? Problem Identified: ? Lowering of the barriers to entry due to the cheaper technologies implemented in the market ? Advanced technology grinding down the quality-based competitive advantage. ? High competition from large national chains and small stand-alones ? Price pressures and loss of high margins, i. e. rent Management Accounting The Original Allocation: ?The company faced inaccuracy issues in identifying customer profitability, using of the Activity Based Costing (ABC) ?Calculating “rent” of Assembly Sq. ft. : We took the total amount of rent and divided it by the total amount…

The well paid receptionist

The case highly paid receptionist is about an owner who recently discovers that the receptionist he has employed is one of the most highly paid person in his organization. She was one of his first employees, during the time he started on a minimal budget. At that particular time the owner did not have much to pay her the salary that she desired, so in order to overcome that he developed her share into the profits of the firm. Harvey the owner after seven years now have realized the fact that she being just a mere receptionist is actually earning more than anyone in the firm, even the top executives, and that she only earns less than what he as…

The resource based view of the firm (RBV)

The resource based view of the firm (RBV) deals with the concept that by understanding the internal resource base and core competences, the management of a business will be able to employ this specific knowledge to create and sustain a competitive advantage. The RBV promotes the idea of firm heterogeneity and the notion that the conscious and tacit development of idiosyncratic bundles of resources and competences will provide competitive advantage. This is in contrast to the traditional analysis and strategy formulation that considered, in a neo-classical light, each firm to be a representative entity whose strategy was guided by the selection of a profitable industry followed by the pursuit of a generic strategy. It has been shown that intra-industry differences…

Aims and Objectives of The Body Shop

For this task I am required to identify my chosen organisations objectives and aims. My chosen organisation is The Body Shop, its objectives and aims are diverse compared to other businesses that are on the markets for expansion and profitability. In this task I am going to consider the most common objectives and aims, in doing so, I will compare its objectives and aims to other businesses. Business objectives are the stated, measurable targets of how to achieve business aims. For instance, we want to achieve sales of £10 million in European markets in 2005. Objective/s have to be S.M.A.R.T., Specific, Measurable, Achievable, Realistic, Time specific. Business aims is where the business wants to go in the future, its goals….

Strategic Management/Strategy Formulation

What aspects of strategy formulation do you think requires the most time? Why? “Strategy formulation includes developing a vision and mission, identifying an organization’s external opportunities and threats, determining internal strengths and weaknesses, establishing long-term objectives, generating alternative strategies, and choosing particular strategies to pursue. Strategy formulation issues include deciding what new businesses to enter, what businesses to abandon, how to allocate resources, whether to expand operations or diversify, whether to enter international markets, whether to merge or form a joint venture, and how to avoid a hostile takeover. Strategy implementation often is called the action stage of strategic management. Implementing strategy means mobilizing employees and managers to put formulated strategies into action. Often considered to be the most difficult…

Kardell Paper Company Decision

The Board of directors of Kardell Paper Company should accept the installation of the new processing technology witch protects the environment by refining the company’s waste water .Implementing this new technology will increase the company’s long- term profitability and reputation by providing enough power and ability to compete and operate efficiently in the future market. This ethical solution is offered, after analyzing Kardell’s board of directors’ decision to refuse the new technology due to its high turn over costs. The impacts of this decision on the company’s primary stakeholders is studied carefully by using the 5-question ethical approach. The assessment has been made by comparing the profitability, legality, fairness and rightness of the company’s decision and its impacts on major…