Business Plan Final Report Assignment Example | Topics and Well Written Essays - 3750 words

Business Plan Final Report - Assignment Example The report is prepared for developing and presenting a business plan for the launch of a new business. The business under consideration in this business plan is a bakery business which will be opened up in the form of physical stores in the food retail market of Canada. The report starts with a small discussion regarding what the business will be about and where it will be opened up. This is followed by an introduction that would help the reader of the business plan to understand the main goals of the business plan and act as a guiding section for the reader to keep a track of the whole business plan and its different sections. The report is written in clear and simple language with proper headings and subheadings provided in each section so that the reader of the business plan is able to understand every part of the report easily. Simple words and small well-constructed sentences have been used to make the business plan easily readable as well as easily comprehendible. The business plan includes a section for the analysis of the internal and external factors that may directly or indirectly impact the business. Apart from this, a thorough financial analysis has also been conducted to understand the financial scopes and performances of the Sweet Berry Baker Company in the next 3 years. Thus, the marketing, operational and financial requirements and constraints have been studied in detail while preparing this business plan. The business plan is prepared with the aim of attracting investments from different types of institutional and individual investors like venture capitalists, private equity firms, angel investors, banks and other financial institutions, corporate institutions, private investors etc. Also, the business plan would serve as a document for setting the initial operational standards, product and service requirements and features and the functioning requirements of the Sweet Berry

Jamie Dimon and Succession Planning at JP Morgan Essay

Jamie Dimon and Succession Planning at JP Morgan - Essay Example In the case of JPMorgan, the post of Chairman and CEO is being held by Jamie Dimon, giving rise to controversial as well as key points of discussion. Thus, the discussion will be regarding JPMorgan’s organizational structure and corporate governance, particularly whether Dimon can have both the jobs and whether that arrangement can serve the company as well as shareholders, how it can impact knowledge management and also search for the new successor. As pointed out above, when compared to most publicly held companies, JP Morgan is following the structure of keeping or appointing a single person for the two key leadership posts of Chairman and CEO, in the form of Jamie Dimon. While Lloyd C. Blankfein, chairman and CEO of Goldman Sachs Group Inc â€Å"reached an agreement with an investor last year to drop a proposal for an independent chairman after giving expanded responsibilities to its lead independent director†, Kennett Lewis of Bank of America Corp. could not hold on to the dual posts as the â€Å"investors voted to strip the chairman’s title in the aftermath of the Merrill Lynch & Co. takeover and federal bailout.† (Kopecki, 2013). When one focuses on Dimon’s, he entered JPMorgan, albeit in an indirect manner, in early 2000s when JPMorgan acquired Bank One, in which Dimon was the Chairman as well as the CEO. After acquisition and the resultant merger, Dimon became the President as well as COO of the combined company. Then, in 2005, he was appointed as the CEO of JPMorgan Chase and then a year later, he became the chairman of the board. (â€Å"Board of Directors†, n. d). From that time, he has been holding the dual posts, and although he has been performing well, certain events in the recent past led to questions being raised regarding the effectiveness of Dimon holding both the key leadership posts. The key event that raised the pitch against him was the JPMorgan’s $6 billion trading losses in London dubbed as ‘London

Porto Maghera Strike and Its Impact in Employment Relationship Essay

Porto Maghera Strike and Its Impact in Employment Relationship - Essay Example Based on this research the labor condition of the United States of America today will never be the same if not for the various battles and protests our countrymen fought for. Indeed, the labor history of America is extensive and extended episodes of human drama which are deemed important and necessary towards the emancipation of American workers. The established labor laws and rules were somehow abusive and clear violations to human rights. The power was centralized within the organization leaders and the laborers were controlled at all cost to institute fear, thus ensure compliance. However, with the continuous fights that the American laborers went through and the unceasing cause that they all stood up for, slowly the labor condition in the history of the United States changed dramatically in favor of the common people. True that these changes and improvements caused difficulties, struggles, and even lives. As America learned to unite and formed unions to battle against discriminat ion and prejudice, gain the right to representation, and utilize the collective bargaining process as the heart of their actions, the American workforce eventually found success in building a strong labor movement that brought the labor industry as to what it is today. Labor movements are products of intense yearning for equality and balanced control between the management and the employees. The unequal power that exists within a workplace and the institution that dominate an organization often lead to oppressed and exploited workers. In time, these workers will break out from these abusive power relations and institutionally prescribed rules to instigate changes in their roles as workers, thus labor unions or strike. As labor historian Jeremy Brecher said: â€Å"In periods of mass strike, workers act outside of institutionally prescribed roles. They reinvent themselves as historical actors and as part of a group making history together. When workers strike and otherwise withdraw t heir cooperation from existing institutions, they reveal that those institutions are not the fixed things they appear – that in reality they depend on the living human beings whose activity makes them up. Win or lose, mass strikes reveal the truth about social relations hidden in an alienated society.† (Brecher 1997, p. 275) In this paper, the subject of strike or labor union will be explored in terms of how it changes and improves the course of labor conditions, specifically when it comes to employee relations and roles of taken on by the management and the employees. This discussion, however, will not focus on the American labor history, but rather on the general impact that labor union brings to the society and working conditions of people. In order to successfully present the topic, the case of Porto Marghera workers will be examined through the documentary film Porto Marghera: The Last Firebrands (2004) to find out how the workers of Porto Marghera struggled for be tter working conditions and eventually improved employee relations. Porto Marghera: The Last Firebrands (2004) Porto Marghera: The Last Firebrands (2004) is a documentary film detailing the historical encounter of independent workers’ union in the industrial region of Venice, Italy during the late 60s and early 70s. This film features the real life experiences of the worker-activists at Porto Maghera petrochemical works and outlines the intricate and often on edge relations between employees and political militants and shifting class organization through crucial instances of fights. This documentary shows how radical formation of political unions and ideologies towards their liberation from abusive working environment led the workers at the plant to challenge the conventional labor power structure and capital and change the course of labor condition in their favor. In the film, the featured petrochemical workers

English Assignment Essay Example | Topics and Well Written Essays - 250 words - 2

English Assignment - Essay Example The article also talks about the law that has explicitly been adopted by the countries President Franà §ois Hollande and deemed to be stocking free speech debate. There are various individuals that have been swept by the new law amongst them French-Tunisian individual, as 34-year old man and about 100 other under investigation. The article further points out that government and other world leaders including the Pope Francis have called for tolerance in addressing issues of terrorism as they collectively stated that the Muslims too have suffered a lot in wake of the terrorist acts. The article, however, can be criticized in various ways. First it fails to give enough qualitative data or analysis to help understand the situation in French and the acts of terrorism. These should be the details that give clear understanding of the situation by a reader that gave rise to the follow-up by the new laws. Finally, there is little about the exact content of the new law. In my view, the article is not the best in addressing the plight for terrorism and concerns. The article :French Rein In Speech Backing Acts of Terror by Doreen Carvajal and Alan Cowelljan. 15, 2015(http://www.nytimes.com/2015/01/16/world/europe/french-rein-in-speech-backing-acts-of-terror.html?_r=0

The Economic Environment of Business Essay Example | Topics and Well Written Essays - 3500 words

The Economic Environment of Business - Essay Example This paper aims at indentifying the structure in which Ryanair operates while addressing how it has adopted its market strategies to gain entry into new markets. Also the regulatory issues that it has had in regards to the existing market will be discussed. Lastly, the paper will consider the directions it is taking in terms of international expansion, capital acquisition and challenges faced. In order to understanding the airline industry it is important to understand the customers first. The airlines on the other hand are customers to airline manufacturers like Boeing and Airbus (Palmer & Ponsonby 2002). The governments and the global economic structure are the other factors that highly affect the airline business. It is important to appreciate however that despite the industry having many players and obstacles, it is ever growing in terms of companies expanding while others coming up. The airline business has enhanced international trade and investment for many years thereby taking a huge stake in encouraging globalization (Gregory & Marilyn 2004). This means that many other industries in the global economy highly depend on it. The airline industry has been on a steady growth of about 7% for the past decade in respect to expansion moves but not necessarily profitability. However, business and tourism travel hugely increased over the same period owing to the increased l iberalization of the world trade (Nigel et al. 2003). The European tourism market is shifting to Eastern Europe to destinations that were not considered for tourism there before. The IATA predicts that the airline business will grow tremendously by about 5% to 8% in the coming decade having grown at a rate of 5% this past one (Miriam 2010). However, the same body predicts that the industry will generally grow at a lower pace in America and Europe. The basic reason behind this arises from the fact that these respective industries are already fully developed.

Miumiu Essay Example | Topics and Well Written Essays - 2250 words

Miumiu - Essay Example The portfolio of products of this brand includes Apparel, Jewellery, Accessories including eyewear, Bags and shoes though the main focus is on apparel. The collections portray the strong and autonomous identity it has created for itself (Jackson and Shaw, 2006, p.69). The brand aims at evoking a lavish sense of intimacy and liberty with an attention to intricacies and superior quality. The brand targets those women who would explore and experiment with their choices in fashion. Thus liberty, freedom and autonomy are the key words that drive their business. Miu Miu had the opening fashion show in Paris in 2006. In 2011, it also started retailing its products online. The concept in which the Miu Miu boutiques were designed had a liberty aspect to it in the most dramatic way possible and a combination of archetypal material and futuristic facets were incorporated in the style to highlight the unfailing courage of the modern opulence and sensuality in the style of Miu Miu (Tungate, 2012, p.192). The flagship store was also shifted to a building of historic relevance in Milan, in order to incorporate this taste and the fashion shows were conducted in Paris rather than Milan which the brand believed went better with the image of the brand. The uniqueness was maintained also by eliminating men from their target of customers. In its efforts to promote the brand in times of recession, the brand launched â€Å"The Women’s Tales† a project in which five prestigious women film directors were asked to shoot silent films which would have a focus on the Miu Miu line of clothing and accessories and the first four were screened at the Venice International Film Festival. The fifth one is on the making. The theme around which the brand revolves is ultra modernity, style and luxury (Liu, 2010, p.47). The products are designed by the specialists after thoughtful observation of the recent developments around the world, the changing society and shifting cultures. Thus t he brand has moved out of the limitations of the showrooms and boutiques in order to interact with the rest of the world full of diversity. All these have led the family business to a becoming a successful fashion brand operating in more than 70 nations. History of the parent company: the Prada Group The Brand Prada came into existence in 1913, when Mario Prada set up a store selling luxury items including bags and jewellery in Milan. The goods were handmade and exclusively designed with materials of first class quality. Immediately the brand became a status symbol for the aristocratic population of Europe. In 1919, the brand started supplying merchandise to the Italian Royal Family (Prada, 2012, p.5). In 1977, the granddaughter of the originator, Miuccia Prada, restructured the brand with Patrizio Bertelli, a Tuscan businessman, and sustained the business in a new way. Over the years, opened stores in various other places and met success. The brand still targeted the elite of the s ociety and produced apparel, shoes and other accessories. The brand Miu Miu was the brainchild of Miuccia Prada who started this new brand as a form of diversification strategy targeting the ultramodern women. Employee Creativity and Innovation in MIU MIU The distinctive feature of Miu Miu comes from the typical process of management

Managerial Accounting Case Essay Example for Free

Managerial Accounting Case Essay In the Seligram case, the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost, which is the overhead, was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden rate is obsolescent. First of all, direct labor hours per lot tested had been steadily declining, especially with the increase of dependence on vendor certification. This will result in the change of the burden rate. Besides, this system distorts the price to some extent, making the price for complex parts cheaper while price for elementary testing higher compared with price for outside services. What is more, the consequences brought from the introduction of high -technology components would decrease the direct labor hour. All of this was trending to higher burden rates and overall higher rates. Cost allocation based on current burden rate of 145% is calculated within the Exhibit1. Having noticed of the problems of the existing system, the accounting manager proposed a two-burden-pool method to allocate the burden cost. Under the two-burden-pool method, burden cost has been divided into two pools: one is the burden cost related to the administrative and technical functions and the other is test related burden. The former is calculated based on direct labor dollar, the latter one is calculated by using machine hours. This method takes other factors that cause the burden into account, which makes the cost allocation more accurate than the existing method. The result of two-burden-pool is as the follows. The consultant proposed a more detailed cost allocation method, i.e. separate burden centers from each of each test room and common technical and administrative pool so that a three-burden-pool is formed. Under this method, burden cost in test rooms would be allocated on a machine-hour basis, and technical and administrative costs would continue to be charged on a rate per direct labor dollar. This method is more accurate in allocating the burden cost by providing a cost of each product or job. Through this way, ETO could differentiate client and product and calculate the cost more accurately from direct data such as the machine hour to product a certain product, so that they need not to guess the real cost of that product by allocating cost according to estimation. Besides, due the process of automatic, direct labor dollar amount alone could not reflect the real picture of burden cost as before. So it is necessary to take other related factor into account when allocating burden cost and more detailed analysis of the allocation basis is needed. The allocation result of three-burden-pool is listed below: Since the three-burden-pool system is most accurate in allocating burden cost among those three methods, it is preferable. However, it does not mean the three-burden-pool system is perfect. Because this system provides more accurate and detailed information of the production process, it will cost more than the other two methods. In addition, the redesign of the three-burden-pool system could be expensive too due to the complexity of the system. In order to improve this system, ETO needs to pay attention of the relationship of cost and benefit. Besides, ETO could set up a system that is easy and effective to perform to save the cost of implicating three-burden-pool. Besides the consideration of proposed cost allocation methods, Seligram should also arrange the new equipment into an appropriate cost pool which indicates a more reliable estimation. Assuming that new equipment has a separate cost center, all variable cost, fixed cost and depreciation will be reported separately. The burden rate is only based on the machine hours of new equipment which are 400hr (Year1) and 2400hr (Year2-8). Additionally, we use Double-decline method for depreciation. Balance is shown in Exhibit4. The separate burden rate for Year 1 would be much higher than those in the following years due to set up costs (Exhibit 5). Burden rates combined with main testing room are calculated in Exhibit 6. All combined burden rates are much lower than the separate costing rates. We recommend choosing a separate cost center for new equipment, even though the rates are much higher. Due to the current situation that lower costs for more complex components, which is abnormal, separate method would reflect more accurate and reliable costs of new imported machines. Obviously, combined method would influence the presentation of true costs. The costs are reduced by other factors in main testing room. Higher burden rates are more reasonable that these new machines have higher cost in essence and also they are just for testing components from several specific clients. Higher burden rates are more accurate.