Case Study 10.1 Electrolux Cleans Up Essay - 615 Words

Case Study 10.1: Electrolux Cleans Up Amanda M. Green BUS5450 – Organizational Behavior Dr. McKibbin August 10, 2012 Electrolux Cleans Up The housewives of today rely on innovation to produce household products with the capabilities of simplifying their jobs at home. Companies, such as Electrolux, have teams of employees assigned to the task of creating new kitchen appliances and cleaning products geared around the needs of the world that can take their company to next level in modern technology. With the fierce competition threatening the success of Electrolux, the company revamps their strategy by appointing Hans Straberg as the new Chief Executive. The strain on the company’s finances left Mr. Straberg with no choice but to†¦show more content†¦This allowed them to discuss out loud what they felt needed to be done in order to produce exactly what the consumers wanted. It was the ultimate think tank. His reason for this was so that everyone could be on the same page. Based on the case study, prior to this every department did its own thing which leads to complications down the line. The most beneficial thing that came out of the collaboration was the ability to nip the problems from the beginning. It saves so much time and money if the problem can be stopped or prevented in general. For instance, during the case study when designers wanted the â€Å"Breeze† to be smaller, the engineer Frucco was able to tell them right from the start that the charging station wouldn’t fit in a smaller model (Ivancevich, Konopaske, amp; Mattenson, 2011). It saved time by not having to create a model and recreate it. These minor details are what set Electrolux apart from the competition. The company’s ability to function as a team allowed them to gain different perspectives and create in a shorter time period than the rest. The case study proves that when it comes to the consumers, they do not care about price as much as they do effectiveness. If the product gives the consumer exactly what they need and want, they are more than willing to pay the price. A company’s success depends solely on each department’s ability to function as one and without teamwork this task is impossible. References Ivancevich, J. M.,Show MoreRelatedMarketing Mix of Haeir18481 Words   |  74 Pagesproject â€Å"Marketing Mix Mapping For Haier In Refrigerators, Washing Mapping And Air Conditioners â€Å" is a record of work conducted by me towards completion of summer internship program in ICFAI BUSINESS SCHOOL in Bhubaneswar. No part of the research study has been presented for any other degree or diploma. Place: BHUBANESWAR DATE: Read MoreCase Study148348 Words   |  594 Pages978-0-273-73552-6 (web) All rights reserved. Permission is hereby given for the material in this publication to be reproduced for OHP transparencies and student handouts, without express permission of the Publishers, for educational purposes only. 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Acc/230 Week 6 Assignment Free Essays

Week 6 Assignment: Candela Corporation Case Rebecca Mouser ACC/230 Financial Reporting: Peeking Under the Financial Hood November 4, 2012 Instructor Nathan McDaniel Week 6 Assignment: Candela Corporation Case Assignment: Candela Corporation Case Resource: Ch. 4 of Understanding Financial Statements * Compose a 500- to 750-word paper responding to questions 1 and 2 of the Candela Corporation Case on p. 146 (Ch. We will write a custom essay sample on Acc/230 Week 6 Assignment or any similar topic only for you Order Now 4). * Format your paper according to APA standards. * Post your paper as an attachment. 1. Using the Consolidated Statements of Cash Flows, prepare a summary analysis for the years ended July 3, 2004, June 28, 2003, and June 29, 2002. Analyze the cash flows for Candela Corporation, Inc. for all three years. 2. Explain what information you gain from the statement of cash flows that cannot be found directly from the balance sheet or income statement. â€Å"Candela Corporation is a pioneer in the development and commercialization of advanced aesthetic laser systems that allow physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions† (Fraser amp; Ormiston, 2007, pp. 46-147). After reviewing the corporation’s statement of cash flows for the years 2002, 2003, and 2004, it is clear that the company has taken on many changes financially. In 2002, Candela Corporation had a weak start with several losses compared to the years 2003, and 2004. In 2002, Candela had a net loss of $2,154 (thousands) compared to a net gain in 2003 and 2004. Candela Corporation had a significantly higher amount of loss in its net cash used in operating activities of $7,071 (thousands) compared to its net loss of $2,154 (thousands), a difference of $4,917. Candela Corporation also had a net loss in its investing activities of $1,058 (thousands), and a net loss in its financing activities of $5,141 (thousands). Candela also had a loss of $68 (thousands) on its income taxes for the year. In 2002, the company took a loss in the following operating areas according to their statement of cash flows. Provision for deferred taxes $115 (thousands), tax benefit from exercised stock options $6 (thousands), effect of exchange rate changes on foreign currency denominated assets and liabilities of $305 (thousands). Account receivable $3,525 (thousands), notes receivable $54 (thousands), inventories $1,661 (thousands), and accounts payable $3,069 (thousands) and income tax payable $784 (thousands). Net losses in investing and financing areas include purchase of property, plant, and equipment of $1,058 (thousands), repurchases of treasury stock of $5,215 (thousands), and principle payments of long-term debt of $370 (thousands). In 2003, Candela Corporation had a net profit at the yearend of $6,814 (thousands) with a net cash used in operating activities of $11,655 (thousands); a significant difference from 2002. Candela Corporation still had a net loss in its investing activities of $1,227 (thousands) while they had a net profit in its financing activities of $176 (thousands). Other net losses the company incurred in its operating, investing, and financing activities sections were provision for bad debts $13 (thousands), provision for deferred taxes $682 (thousands), and tax benefit from exercised stock options of $505 (thousands). Other areas are restricted cash $57 (thousands), account receivable $2,417 (thousands), accounts payable $1,409 (thousands). Accrued warranty costs of $921 (thousands), purchase of property, plant, and equipment $1,227 (thousands), net borrowings (repayments) on line of credit $1,114 (thousands), and principle payments of long-term debt of $3,330 (thousands). Candela Corporation seems to be most successful in 2004 according to its statement of cash flows. In 2004, Candela Corporation had a net income of $8,119 (thousands) and $1,132 used in net operating activities. Even though the company still had several losses in 2004 they were still able to profit from the last two years. Other net losses the company incurred in its operating, investing, and financing activities sections were tax benefit from exercised stock options of $1,223 (thousands), restricted cash $200 (thousands), accounts receivable $7,663 (thousands) and inventories of $2,134 (thousands). Other current assets of $2,550 (thousands), other assets $236 (thousands), accounts payable $91 (thousands), income tax payable $1,312 (thousands), and purchase of property, plant, and equipment of $685 (thousands). The income statement and balance sheet provides an adequate amount of information, but the statement of cash flows provides a clearer picture of what a company is doing and how well they are doing. The income statement and balance sheet provides information about the accounts receivable and the accounts payable as well as depreciation; the statement of cash flows also provides this information. â€Å"A company’s financial statements consist of the balance sheet, income statement and cash flow statement. The balance sheet summarizes the assets, liabilities and shareholders’ equity of the company. The income statement shows the sales-related activity over a period, which is usually a quarter of a year. The cash flow statement shows the cash inflows and outflows during a period. Financial information is important in assessing a company’s profitability, detecting problem areas and making investment decisions† (Basu, 1999-2012). References Basu, C. (1999-2012). The importance of Income Statement and Cash Flows. Retrieved from eHow: http://www. ehow. com/info_8274659_importance-income-statement-cash-flows. html Fraser, L. M. , amp; Ormiston, A. (2007). Case 4. 2 CandelaCorporation. Prentice Hall. How to cite Acc/230 Week 6 Assignment, Papers

Operation Management Business and Administration

Question: Discuss about theOperation Management for Business and Administration. Answer: Introduction: Operation management involves the business and administration practices for creating a perfect level of efficiency within a company. According to Ageron, Gunasekaran Spalanzani (2012), operation management is solely concerned with the labor, converting materials and the services of products in order to enhance the final process of profit of an organisation. In this present essay, various relevant issues will be discussed that are encountered by Hawkesbury Cabinet Pty Ltd. This company manufactures kitchen cabinetry, which is produced on the preferences of the customer. The essay will also identify several operational elements, which are responsible for influencing the overall image and production of the concerned company. The operation management of an organisation usually deals with a vast range of roles and responsibilities for maintaining the concerns of supply chain management for further success of an organisation. Wong et al., (2012) have mentioned that the operation management of an organisation also includes the adequate management of adopted strategies to complete the project in proper time. Even process manager should be competent enough to take appropriate decisions during the crisis period of the organisation. Only with good strategy by the operation manager, the encountered crisis can be mitigated (Hill Hill, 2012). Discussion In this section, the present production system and the process of Hawkesbury Cabinets Pty Ltd. will be discussed in a detailed manner. Mei Chen and Fung in Sydney established this company in 2008. With the talent and skill of Mei and Fung, who are qualified cabinetmaker and interior designer and potential to produce an excellent product for their company. This company has been established in order to provide efficient services to the customers of Hawkesbury in China at the initial stage. However, with the constant demand and criteria of the customers, Hawkesbury Cabinets Pty Ltd. Changes own strategy to expand the business. The primary concern of these two founders was to provide manufactured cabinets to the customers according to their diverse preferences (Hassini, Surti Searcy, 2012). Although at the initial stage, the founders have encountered with serious problems, as there are a huge variety of cabinet demands arriving from the customers, however, they have solved this issue wi th the adaptation of effective strategies. Fung has taken the role of production and operation manager, and Mei has taken care the financial segments of Hawkesbury Cabinets Pty Ltd. in order to solve the problem in a proper manner. Mei has shown perfect potentiality as financial manger within the organisation and has taken the entire responsibility of the general manager of the concerned company. Therefore, with the proper distribution of the managerial roles and responsibilities of Hawkesbury Cabinets Pty Ltd., every task are completed within appropriate time, and it also helps to enhance the brand image of the company. The managers of Hawkesbury Cabinets Pty Ltd. solely concentrates on manufacturing the kitchen set and cabinets on the preferences and choices of the consumers for achieving the best place in the market and industry of furniture. At first, Fung consults with the customers about their choice about the cabinets of the kitchen. After that consults with Mei to improve the design, color for a perfect, unique and attractive kitchen cabinet. Both the managers have understood the fact that satisfying the customer's need and demand is the primary principle to continue the business and achieve the best position in the market with a high range of profit (Basaran, 2012). As Hawkesbury Cabinets Pty Ltd. is famous for providing the kitchen cabinets according to the preferences of customers, therefore, this company has earned reputation in a short period than the other competitor businesses in the market. This company becomes famous for providing standard quality product at less expensive prices. Th e company is capable to manufacture limited kitchen cabinets in small batches, which is ranged in between single to five kitchen cabinet (Ratnasingam, Yoon Iora, 2013). The custom-designed kitchen cabinetry of Hawkesbury Cabinets Pty Ltd. captures most the sales revenue of the company. Hawkesbury Cabinets Pty Ltd. operates with the facility of a single manufacturer, which is potential enough to manufacture both the standardised and customised kitchen cabinetry. This company involves high quality raw material in order to add adequate flexibility to the complete kitchen cabinets. All the equipment are segmented in the separate portion of the factory of this concerned company. The basic manufacturing tasks are completed in one area, and the finishing and painting part of these manufactured kitchen cabinets are done in a separated area of the factory with the proper maintenance of element of the environment (Pakdil Leonard, 2014). Various assembly areas are established in a strategic manner within the plant. The finishing system of the manufactured product of Hawkesbury Cabinets Pty Ltd is of high esteem, and it reveals the skill, artisanship and the high quality raw materials of the kitchen cabinet. The new builders' kitchen line has tremendous impact on the operations and process of Hawkesbury Cabinets Pty Ltd. as since past few months, the sale of builders' line of kitchen has been increased in a gradual manner only because of regular scheduling of the work. The custom kitchen was always concerned with the profit margin and higher sales revenue during the trade-offs. However, a huge range of standard cabinet components was left at the different stages of completion only because of the changes in the volume of the work process. Therefore, the previous manufacturing area of Hawkesbury Cabinets Pty Ltd. has been completely transformed into the partially completed kitchen cabinets, with which the factory is clogged up, and it is not at all the spacious area of manufacturing. After reviewing the entire process and operations of the new builders' kitchen line, Mei Chen has noted the factors that influence the growth of the profit and sales revenue of the company. However, the profit margin of the custom kitchen is strong, and the position of builders' kitchen line is constantly increasing. The accountant of the concerned company argues that the profit margins are not up to the mark and satisfactory at all, if it is considered to be compared with the previous profit margins of the company. This problem may arrive because of inefficient operational management of an organisation, which is not perfect to mitigate the organisational issues (Sayem, Islam Khan, 2014). A significant amount of money is tied up with the unfinished product of Hawkesbury Cabinets Pty Ltd, therefore, the completion of the product will take more time than the promised delivery period. The existing operation management of this company limiting the manufacturing capacity. Therefore, both the managers should adopt potential and adequate strategies to regain the past position of the company with perfect operation management. Conclusion The essay carefully evaluates and analyse the production system and process of the Hawkesbury Cabinets Pty Ltd. it also discussed the impact of new builders' kitchen line on the operational structure of this company. This essay adequately addresses the issues related operation management of the concerned company as it has a proper capability to achieve the targeted goal of the company. At the end of this essay, both the manager have decided to improve the structure and the functions of operation management for the future success of the company. If the operation management is not properly structured then it will undoubtedly hamper the profit margin of the company, which is evident in the case of Hawkesbury Cabinets Pty Ltd. References Ageron, B., Gunasekaran, A., Spalanzani, A. (2012). Sustainable supply management: An empirical study.International Journal of Production Economics,140(1), 168-182. Basaran, B. (2012). What makes manufacturing companies more desirous of recycling?.Management of Environmental Quality: An International Journal,24(1), 107-122. Hassini, E., Surti, C., Searcy, C. (2012). A literature review and a case study of sustainable supply chains with a focus on metrics.International Journal of Production Economics,140(1), 69-82. Hill, A., Hill, T. (2012).Operations management. Palgrave Macmillan. Pakdil, F., Leonard, K. M. (2014). Criteria for a lean organisation: development of a lean assessment tool.International Journal of Production Research,52(15), 4587-4607. Ratnasingam, J., Yoon, C. Y., Iora, F. (2013). The effects of ISO 9001 quality management system on innovation and management capacities in the malaysian furniture sector.Bulletin of the Transilvania University of Brasov, Series II. Forestry, Wood Industry, Agricultural Food Engineering,(1). Sayem, A., Islam, M. A., Khan, M. M. A. (2014). Productivity enhancement through reduction of changeover time by implementing SMED techniquein furniture industry.International Journal of Industrial and Systems Engineering,17(1), 15-33. Wong, C. W., Lai, K. H., Shang, K. C., Lu, C. S., Leung, T. K. P. (2012). Green operations and the moderating role of environmental management capability of suppliers on manufacturing firm performance.International Journal of Production Economics,140(1), 283-294.

Knock, Knock free essay sample

Ive heard thatsometimes God has to knock us on the head to get our attention, but I never expected Him to actually do it.In my case, though, He knocked on my left knee. I wasnt really sure what I wanted to do with myfuture but had generally decided to become a history teacher, more because I liked history and was good atit than for any other reason. My decision, however, abruptly changed in the middle of sophomore year. Youcould say my future fell out of the sky and landed on me. Or you could just say I fell down. I wasplaying basketball and landed on my knee with a sickening twist. After reconstructive surgery, I hadphysical therapy. Surprisingly, I enjoyed it. I liked it so much I started to think about it as acareer. Ive spent the last two years volunteering in the rehabilitation department of a localhospital, and though it began as a chance to see what physical therapy was all about, it has become apassion. We will write a custom essay sample on Knock, Knock or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ive always known I wanted to do something to help others, I just didnt know I could make a livingat the same time. What better job, in an increasingly impersonal world, could there be? One of thebest feelings Ive ever had was seeing an elderly womans expression as she laughingly kicked her feet in aswirling whirlpool. For a few moments, as I talked with her and the soothing water bubbled around herbattered foot, I helped take her mind off her pain. That moment was valuable enough for me to devote mylife, time and energy to. My goal is to earn degrees in physical therapy and Spanish. Why? To make lots ofmoney? No. To drive a fancy car and wear designer clothes? That wont happen. I just want to be happy,and do something to make others as happy. Thats a goal worth working for.

Free Essays on Muhammad Ali

, Muhammad Ali announced his refusal to be inducted into the U.S. Army to fight in the Vietnam War because it was a violation of his belief as a Black Muslim. Muhammad Ali was born on January 17, 1942 in Louisville, Kentucky. Known as Cassius Clay up until the beginning of his boxing career when he was recruited by the Islamic leader, Malcolm X. He approached by Malcolm to embrace and accept Islam. As Ali saw the purity of this magnificent religion, Ali deg deeper into Islam’s beliefs and fully converted himself and changed his name to Muhammad Ali. In 1966 Ali was at the peak of his boxing career and was called out to by the U.S. government to go fight in the Vietnam War. Now to Ali, fighting in a war was against his beliefs as a Muslim. As a Muslim, Islam taught not to kill when not needed and Ali stayed true to these teachings. By Ali fighting with the government about not going to war at the peak of his boxing career at that time and age was very risky. The government soon stripped Ali of his dignity, respect, well-earned money and heavy weight belt. The U.S. government also suspended Ali’s boxing license, which gave him the ability to fight all over the U.S. and without it, he wasn’t allowed to step into the boxing ring. Ali started his â€Å"real† boxing career by fighting in the Olympics on September 5, 1960 and won the gold medal in the Roman Olympics. This fight launched his boxing career and every manager in the boxing game was running to sign Muhammad Ali but at the same time weren’t too sure to do so due to his political beliefs and religion. Ali was always discriminated against due to his race and religion, but the teachings of Islam taught him to be patient and just ignore it. So Ali did do so and kept of fighting to follow his dreams to become the greatest. On October 29,1960, Ali s... Free Essays on Muhammad Ali Free Essays on Muhammad Ali Cassius Marcellus Clay Jr. later known as Muhammad Ali, was a black boxer, and was proud of it. Many African Americans were ashamed of their color, but Ali was different. He was the first boxer to win the Heavyweight Championship 3 different times. He had a great personality and was liked by the people. During his life, he made big decisions that changed the course of his life completely. Muhammad Ali's journey through life was a great inspiration for African American people, but Ali himself inspires admiration to everybody. Muhammad Ali was a man made to box. He had a great career before him since he made his first professional fight under President Eisenhower presidency. His Professional Career was really impressive. His had a great balance and was able to move his hands and feet in great speed and coordination. Ali was said to dance in the ring while destroying his opponents. Ali started fighting at a very short age, and his first teacher was Joe Martin (Hauser 18). Through hard work and discipline, he became a professional fighter and eventually the Heavyweight champion of the world. Although he lost the title twice, he regained it three times, putting him in the history books. His boxing career was put to an end when he started suffering from Parkinson's disease. This was the end of his boxing, but his greatness will never die. Muhammad Ali was not the kind of person that gets taken away with fame and money. He is a simple, unsophisticated person with a very loving heart, and very determined (Hauser 186). He did not care much about himself, he enjoyed making people happy. While training, he let people come and see him, charging them to see the show. Doing so, he earned about $1000 a day. After the training was over, he went home and gave away every cent to needy people, especially kids (Hauser 149). This was the kind of person Ali was. His big dream was to see peace in the country, racial peace. Also, he was not totally con... Free Essays on Muhammad Ali Muhammad Ali â€Å"I aint no quarrel with the Vietcong†¦. no Vietcong ever called me a nigger†. With these bold words, Muhammad Ali announced his refusal to be inducted into the U.S. Army to fight in the Vietnam War because it was a violation of his belief as a Black Muslim. Muhammad Ali was born on January 17, 1942 in Louisville, Kentucky. Known as Cassius Clay up until the beginning of his boxing career when he was recruited by the Islamic leader, Malcolm X. He approached by Malcolm to embrace and accept Islam. As Ali saw the purity of this magnificent religion, Ali deg deeper into Islam’s beliefs and fully converted himself and changed his name to Muhammad Ali. In 1966 Ali was at the peak of his boxing career and was called out to by the U.S. government to go fight in the Vietnam War. Now to Ali, fighting in a war was against his beliefs as a Muslim. As a Muslim, Islam taught not to kill when not needed and Ali stayed true to these teachings. By Ali fighting with the government about not going to war at the peak of his boxing career at that time and age was very risky. The government soon stripped Ali of his dignity, respect, well-earned money and heavy weight belt. The U.S. government also suspended Ali’s boxing license, which gave him the ability to fight all over the U.S. and without it, he wasn’t allowed to step into the boxing ring. Ali started his â€Å"real† boxing career by fighting in the Olympics on September 5, 1960 and won the gold medal in the Roman Olympics. This fight launched his boxing career and every manager in the boxing game was running to sign Muhammad Ali but at the same time weren’t too sure to do so due to his political beliefs and religion. Ali was always discriminated against due to his race and religion, but the teachings of Islam taught him to be patient and just ignore it. So Ali did do so and kept of fighting to follow his dreams to become the greatest. On October 29,1960, Ali s...

A brief analysis of Robert frosts poem the Gift Outright

A brief analysis of Robert frost's poem the Gift Outright The Gift Outright: Analysis of Robert Frost’s Poem Robert Frost’s poem The Gift Outright renders its readers with many interpretive options as to what analogies he is hiding behind his words. I think in Frost’s The Gift Outright, he is trying to emphasize that triumph, surrender, and sacrifice are what led to the outright gift that is America. For years, what is now America was a colony under the reign of the British; American’s identities were not solely in themselves but partially based in the British traditions that had been heavily emphasized- because of this many struggled to become one with the land. Colonials slowly fought for independence in each of the states; Frost uses this to exemplify when the Americans began to triumph over England’s rule and make the land thine own: â€Å"†¦She was ours/ In Massachusetts, in Virginia, / But we were England’s† (3-5). The author uses these lines to show that they do have small victories towards the progression of their own nation/land. But they are still England’s and are failing to be apart of the change that will shape and solidify their nation state; they posses the land, but the land does not posses them- they took over the land without taking over the responsibilities she came with. Triumph can only come if there is once a trial, and at times humanity surrenders to the trials they face. The gift of land came at a personal expense, a sacrifice; because they would not receive without first giving: â€Å"Such as we were we gave ourselves outright†Ã¢â‚¬ ¦Ã¢â‚¬  Such as she was, such as she will bec ome.† (12,16). In these lines Frost is demonstrating that the imperfect citizens gave themselves to the imperfect land to build something much greater; the dedication of the people will help America to achieve its full potential by enhancing her with art and stories. Surrendering parts of themselves to the development of America is not the only sacrifice Frost exemplifies in his poem. The decolonization of America and the personalization of her land was the cause for the passing of many lives. The sacrifice and demise of many souls was subtly mentioned by Frost: â€Å"(The deed of the gift was many deeds of war)† (13). I think Frost is trying to prove that although the gift was outright, it was merely the opposite. The land was not entirely the peoples; it was fought for- a lot of conflict and oppression was ensued to create a free nation. Frost adopts the use of brackets; this allows for war to be mentioned indirectly but insists that the wages of war that resulted in victory, not be forgotten. Frost’s poem captivates the readers, making them feel the responsibilities and duties of the land that the Americans once felt as their own. Such allowed construal as the poem progressed and the meaning behind The Outright Gift became increasingly complex, and intimate. Frost depicted the American’s identity in an uncontemporary way through the triumph, surrender, and sacrifice that had been endured.

Incorporate Expectancy Theory Article Example | Topics and Well Written Essays - 500 words

Incorporate Expectancy Theory - Article Example Other than the hygiene and food, the sailors have to sleep on single beds and do so for not more than 5 hours so. This is so that they can ensure they continue to race and relieve each other of the duty to sail and control the boat at all times due to the harsh conditions of the water they are sailing in. In order to prevent them from giving up, they have to build relationships with each other and live like married couples. This is important for support and surviving the extreme conditions in all the 10 days. The other way is to visualize the end prize as well as build the worst case scenarios on their heads so that the reality is much more tolerable and the sailors would be mentally prepared to handle it. Being disciplined enough to stick to a routine and getting enough time to rest and sleep are also important for success not forgetting being extraordinarily selfish and simply thinking about the competition and winning alone (Webster, 2011). Expectancy theory is all about putting on effort and acting in a certain way because one is expecting a reward at the end. The individual effort that is put on an activity is transformed into good or even excellent performance which will lead to a reward and hence having attained a personal goal. This is the same theory that drives the performance of the extreme sports sailors discussed in detail above (McShane, et al 2013). The sailors expect that by putting in a lot of effort towards their practice as well as adhere to the advice provided by their psychologists and other trainers, they will be able to endure while sailing and hence increase their performance level. The increased effort they put towards their sailing will lead them to complete the race within the specified timeline and will most probably be able to have fulfilled their specific goal (Kremer & Moran, 2013).