Sunday, January 12, 2020
Assignment 6: PRICING a) Computation of Economic Value of an offering Mercedes Benz is launching its luxury SUV (called the CDL class) in a market dominated by Lexus GL. The CDL class uses diesel and obtains 25 miles per gallon. The Lexus model, priced at $48000, uses premium gasolene and obtains 20 miles per gallon. Both the models need to be serviced annually but the CDL being a diesel engine requires annual service that is costlier by $100. The life of a diesel engine is typically longer Ã¢â¬â hence the residual value of a 10 year old CDL is estimated to be $1600 higher than the Lexus. Assume (i) the average cost of premium gasolene to be $3. 0 per gallon (ii) the average cost of diesel to be $3. 25 per gallon (ii) the average customer drives 12000 miles per year and (iii) there is no time discount. What should be the price of the CDL such that the economic value of Benz CDL over Lexus GL (during a 10 year use horizon by a customer) is completely appropriated by Mercedes Benz? The economic value of CDL: Price of substitute=48000 Cost saving=(12000/20*3-12000/25*3. 25-100)=140 Revenue enhancing=residual value=1600+residual value of GL Use horizon=10 EV of CDL=48000+140*10+1600+residual value of GL=51000+residual value of GL The economic value of GL: Price of substitute=XCost saving=(12000/25*3. 25-12000/20*3+100)=-140 Revenue enhancing=residual value=residual value of GL Use horizon=10 EV of GL=X+(-140)*10+ residual value of GL=X-1400+residual value of GL To make (51000+residual value) equal (X-1400+residual value of GL) X should be 52400 So the price of CDL should be lower than 52400 dollars such that the EV of CDL is higher than GL. b) Breakeven Analysis Nokia has decided to manufacture a special edition cellphone called HiRide for the teen market next year that will be sold with SprintÃ¢â¬â¢s wireless service. For this phone, NokiaÃ¢â¬â¢s variable manufacturing cost is $35 per phone.Fixed manufacturing costs amount to $20 million and advertising cos ts are expected at $6 million. Nokia will sell HiRide to retailers and pay its own salesmen a commission of $8 per phone sold to the retailers. The retail price (i. e. , price paid by the end customer) of the product is $120 and retail margin typically average about 10%. (i) What is the price at which Nokia sells to retailers? Assume that the price is X, thus: X*(1+10%)=120 X=$109 (ii) What is NokiaÃ¢â¬â¢s contribution per unit sales for HiRide? Contribution per unit= P-VC=109-(35+8)=$66 (iii) What is NokiaÃ¢â¬â¢s breakeven volume?BE volume=FC/contribution per unit=? (20000000+6000000)/66=393939. 4? 393940 (iv) NokiaÃ¢â¬â¢s actual sales in Year 1 turned out to be 375000 units. Since the product did not break even, NokiaÃ¢â¬â¢s product manager decided to reduce the commission offered to its salesmen in Year 2. Provided the sales volume, price, and other fixed costs remain the same as in Year 1, how much should be the new commission so that HiRide breaks even in Year 2? Assume that it is X, thus: The new contribution per unit would be 109-(35+X), which equals 74-X BE volume =375000=FC/ new contribution per unit=26000000/(74-X) So X =4. 76$
Saturday, January 4, 2020
The term Ã¢â¬Å"American DreamÃ¢â¬ is considered as an ideal term and has many interpretations. But basically Ã¢â¬Å"American DreamÃ¢â¬ is defined as the life, liberty and the pursuit of happiness of the people living in America. Lots of people immigrate to America in search of Ã¢â¬Å"American DreamÃ¢â¬ . They come in America to fulfil their Ã¢â¬Å"American DreamÃ¢â¬ which is composed of freedom, security and most importantly, opportunities. America is considered as the land of opportunities and the large availability of the opportunities make people work harder and push their limits and fulfil their goals. Anybody can hope for bigger and can achieve their dream through the determination and hard work in America. Gaining plenty of money can be considered as a measure of success, but it is not the only factor that measures the success. The fulfilment of the dreams of an individual, the increment of the name and fame of an individual and most importantly the achievement of t he goals that is set are also the important aspects that can be used to measure success. The idea of Ã¢â¬Å"American DreamÃ¢â¬ is unique to America and the Ã¢â¬Å"American DreamÃ¢â¬ is one of the greatest factor that makes America distinct and great nation in the world. But there are various versions of Ã¢â¬Å"American DreamÃ¢â¬â¢sÃ¢â¬ which can be seen in most of the developed countries. The Canadian dream, Scandinavian dream and the British dream also exist, but these countries donÃ¢â¬â¢t have any broad ambitions and visions of the good life clearly and arenÃ¢â¬â¢t exactly the sameShow MoreRelatedThe Success Of The American Dream1092 Words Ã |Ã 5 Pages When many cultures and ethnicities come to American they come for the get the opportunity the American offer. That is the American dream. Many people want to live and work hard to make it the top of the socio-economic ladder and have a chance to live. However, for many people they say itÃ¢â¬â¢s hard to climb t hat ladder due to many circumstances that hold them back. From poverty, college debt, inequality many Americans think the dream is not attainable. Nevertheless, there is are many ways to overturnRead MoreThe Success Of The American Dream767 Words Ã |Ã 4 PagesThe American dream is based on the idea that, Ã¢â¬Å"America where no matter who you are, no matter what you look like, no matter where you come from, no matter what your last name is, no matter who you love, you can make it here if you try.Ã¢â¬ (97). While United States was built on this idea, it is becoming harder and harder for people to move up in social status because of the inequality. Obtaining success in life used to be considered equal for all regardless of background. If you worked hard enough andRead MoreSuccess As One Of The American Dream1137 Words Ã |Ã 5 PagesWittlake 28 April 2015 Success as One of The American Dream When we hear the word Ã¢â¬Å"successÃ¢â¬ , we often think of wealth and money. To some people, the embodiment of being success is earning a lot of money. In fact, the concept of success is primarily based on how much money a person earns. However, each person views the definition of success differently. One way to define success is something that has more to do with flash than it does with substance. John Wooden, an American basketball player andRead MoreThe American Dream Through Success And Social Mobility1405 Words Ã |Ã 6 PagesWhen most people think of the American Dream they often visualize the typical white fence, the two children, and an overall perfect family. When people think of the American Dream they think of the dream jobs which consist of being a doctor, lawyer, or a widely known talk show host. The people who have the voice determine what is ideal in society and what isnÃ¢â¬â¢t. They try to sell you this pitch that the American Dream is obtainable and what you put in to the system, you get out; This is also knowRead MoreAmerican Dream : Resources And Competency Are Recipes For Success Essay1587 Words Ã |Ã 7 PagesAmerican Dream: Resources and Competency are Recipes for Success American Dream as defined by Merriam-Webster online as Ã¢â¬Å"an American social ideal that stresses egalitarianism and especially material prosperity.Ã¢â¬ What is the American Dream to you? Is it having a stable and a high-paying job? How about owning a beautiful house, car, and bank account? Perhaps, your definition of the American Dream is being the founder and owner of a multi-billion dollar business empire that has businesses in everyRead MoreThe American Dream: Freedom, Hard Work Guarantees Success and Less Racism868 Words Ã |Ã 4 Pageswitness an African American get up and move to the back of a bus for a Caucasian? No, that is not the case anymore. America is a better country now. In source E it says, Ã¢â¬Å"The chair in Washington sat had a sun, and the question was asked, is it rising or setting?Ã¢â¬ This quote questions whether or not America is falling apart or getting better. The American Dream is an ideal that has changed over time and is achievable becaus e of freedom, the idea that hard work guarantees success, and less racismRead MoreThe American Dream As An Idea Of Achieving Success And Wealth Through The Process Of Creativity1050 Words Ã |Ã 5 PagesCultural Acceptance The American Dream serves as an idea of achieving success and wealth through the process of creativity, perseverance, and determination. In Ã¢â¬Å"American Dreamer,Ã¢â¬ Bharti Mukherjee explores three different cultures and explains her experience with each one. Through the difficulties within each culture, she builds on her personal identity along with her cultural identity. Because of the exploration of different places, Mukherjee discovers her cultural identity. Because of the strictRead MoreThe American Dream1424 Words Ã |Ã 6 PagesThe idea of the American Dream can be first traced back to a book called The Epic of America by author James Truslow, where he states, Ã¢â¬Å"The American Dream is that dream of a land in which life should be better, richer and fuller for everyone, with opportunity for each according to ability or achievement.Ã¢â¬ This idea of better opportunity really summarizes the goal of many early American immigrants as they traveled from faraway lands in hopes of a better future. Many would say this idea of prosperityRead MoreThe American Dream Is A Flawed Concept911 Words Ã |Ã 4 PagesThe American Dream is a flawed concept, a deceptive motivator, which promotes fantasy and unrealistic capitalist goals (ideals) of success, while disregarding the immense costs. The American Dream, conceptualized among early American frontiersmen deeply impacted societal thinking and motivation. America meant Ã¢â¬Å"moreÃ¢â¬ . More ideas, more possibilities, more space, more land, and finally, more success. This concept is timeless for Americans and aspiring American citizens. The American Dream can be brokenRead MoreThe American Dream in Death of a Salesman and The Great Gatsby1238 Words Ã |Ã 5 PagesSince Columbus made land, people have been searching for the Ã¢â¬Å"American DreamÃ¢â¬ . Many people have their own idea and ideas that have changed over a period of time, but what exactly is the Ã¢â¬Å"American DreamÃ¢â¬ defined as .Origins of the dream have been rooted in the pioneering mentality of the eighteenth and nineteenth century immigrants, most who came to America because of a promise for a new and better life. The American Dream was sought through hard work and determination. After the time of the World
Thursday, December 26, 2019
Liberation in Death: HamletÃ¢â¬â¢s Existential Struggle in Hamlet What is the meaning of life? Who am I? What is my purpose? These are open existential inquiries that both modern and ancient philosophers have yet to answer certainly. Unquestionably, the philosophy of existentialism is an interesting theory and psychological phenomenon. Existentialism is a philosophy promulgated in the 20th century that holds that every person exists first and his nature, or essence, comes about later through the manner by which he chooses to live his life. In ShakespeareÃ¢â¬â¢s play, Hamlet, the main protagonist, Hamlet, grapples with many existential questions, seeking truth and understanding as he progresses in his knowledge and ideas of morales and mortality.Ã¢â¬ ¦show more contentÃ¢â¬ ¦Although Hamlet feels that it is apropos to take action, he is dispirited by the obligation of his title. It was the princeÃ¢â¬â¢s role during the Elizabethan era to abide by the kingÃ¢â¬â¢s laws, obedie nt to their will. Despite the fact that Claudius was made king after HamletÃ¢â¬â¢s father died, Claudius is still the ruler of the land. As a result, it is HamletÃ¢â¬â¢s duty to comply with the King. Shakespeare reveals to readers that in the introduction of Hamlet as an existential character, he voices existential thoughts, but does not act on them. Progressing through the play, Hamlet continually experiences existential thoughts, as HamletÃ¢â¬â¢s logic and sanity slowly unravel scene by scene, revealing snippets of HamletÃ¢â¬â¢s emotion and feeling. As HamletÃ¢â¬â¢s thoughts actions become increasingly erratic and his inability to cope with his fatherÃ¢â¬â¢s death worsen, Hamlet dives deeper into the realm of existentialism. As he is continually provoked by others telling him to cope with his fatherÃ¢â¬â¢s death, he utters, Ã¢â¬Å"Now I am alone. O, what a rogue and peasant slave am I! (2.2. 48).Ã¢â¬ Hamlet reaches his pinnacle of despondency; he begins to lose h ope. As Hamlet delves deeper into the story of his fatherÃ¢â¬â¢s murder and the correlation of Claudius and the murder, his actions become more wild. Contemplating death and the immorality of the world, Hamlet then utters his famous speech Ã¢â¬Å"To bee or not to beÃ¢â¬ ¦ To die to sleepÃ¢â¬ ¦ That makes calamity of soShow MoreRelatedWilliam Shakespeare s Hamlet - Ophelia s Struggle And Madness1088 Words Ã |Ã 5 Pages1 Pregnant with MadnessÃ¢â¬â OpheliaÃ¢â¬â¢s Struggle and Madness in Hamlet Yi-Chi Chen Intergrams 11.2(2011): http://benz.nchu.edu.tw/~intergrams/intergrams/112/112-cyc.pdf ISSN: 1683-4186 Abstract Madness in Hamlet is one of the crucial themes for Shakespeare to depict the chaotic turbulence in the Hamlet family and the court of Denmark. Due to ClaudiusÃ¢â¬â¢s usurpation of the Old HamletÃ¢â¬â¢s crown and queen, characters such as Hamlet, Ophelia, and Gertrude suffer seriously from betrayal, resentment, and enragementRead MoreAnalysis Of William Shakespeare s The Of Hamlet 953 Words Ã |Ã 4 Pagesresults of that delay lead to a disastrous failure by Hamlet. He finds himself banished and bewildered on the cold sea shore. (THESIS) This essay will support a proposal by Harley Granville Barker in his Ã¢â¬Å"Preface To Hamlet,Ã¢â¬ that suggests this moment in Act IV, iv is where Hamlet reconstructs his own philosophy based on his contemplation of FortinbrasÃ¢â¬â¢ war. The quote contends that HamletÃ¢â¬â¢s self comparison with Fortinbras is a new experience, that Hamlet has lost all hope of success and that this combinationRead MoreTrobriand Islanders-Malinowski and Weiner10855 Words Ã |Ã 44 Pages(1976, 20). This distinction, she later observed, was an attempt to escape the connotations of two separate spheres constituted by terms like private/public or nature/culture (1986, 97). Rather than eschewing such invidious Western dichotomies her analysis ultimately reinforces them, by articulating them with anotherÃ¢â¬âeternal/historical. Such Eurocentric dichotomies typically presume that the private or domestic sphere is outside history (see Jolly and Macintyre 1989) and that womens nature is notRead MoreGp Essay Mainpoints24643 Words Ã |Ã 99 Pagescaught for plagiarising and falsifying elements of his stories Ã¢â¬ ¦ clear to public that newspapers are nowhere higher on moral grounds than bloggers Ã¢â¬ ¢ E.g. Irish undergraduate posted a poetic but phoney quote on Wikipedia hours after Maurice JarreÃ¢â¬â¢s death, Wikipedia quickly removed it for the lack attribution but journalists Ã¢â¬ ¢ E.g. Cover page of economist: President Obama at oil spill (cut a lonely figure: portrays the multitude of problems faced by America and his helplessness in coming up withRead MoreOrganisational Theory230255 Words Ã |Ã 922 Pagestheory focuses attention on the human issues in organization Ã¢â¬ËThere is nothing so practical as a good theoryÃ¢â¬â¢ How Roethlisberger developed a Ã¢â¬ËpracticalÃ¢â¬â¢ organization theory Column 1: The core contributing social sciences Column 2: The techniques for analysis Column 3: The neo-modernist perspective Column 4: Contributions to business and management Four combinations of science, scientific technique and the neo-modernist approach reach different parts of the organization Level 1: Developing the organizationRead MoreA Picatrix Miscellany52019 Words Ã |Ã 209 Pagesused in conjunction with the correct constellations, this chapter is devoted to the latter. The author gives a descriptive list of the twenty-eight mansions o f the moon, according to the Ã¢â¬Å"IndianÃ¢â¬ system, and assigns to each its correct talisman. Analysis of the passage shows that it is a compound of Ã¢â¬Å"IndianÃ¢â¬ doctrines, the tenets of Dorotheus of Sidon (both attested by Ibn abi Ã¢â¬Ël-RijÃ ¢l) and elements from a list ascribed to Hermes (attested by the IhwÃ ¢n al-SafÃ ¢Ã¢â¬â¢) (pp.14-21). At the beginning of theRead MoreDeveloping Management Skills404131 Words Ã |Ã 1617 PagesLine 58 Understanding and Appreciating Individual Differences Important Areas of Self-Awareness 61 Emotional Intelligence 62 Values 65 Ethical Decision Making and Values 72 Cognitive Style 74 Attitudes Toward Change 76 Core Self-Evaluation 79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing Managerial CharacteristicsRead MoreStephen P. Robbin s Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words Ã |Ã 1573 Pagesof systematic study. Identify the major behavioral science disciplines that contribute to OB. Demonstrate why few absolutes apply to OB. Identify the challenges and opportunities managers have in applying OB concepts. Compare the three levels of analysis in this bookÃ¢â¬â¢s OB model. MyManagementLab Access a host of interactive learning aids to help strengthen your understanding of the chapter concepts at www.mymanagementlab.com cott Nicholson sits alone in his parentsÃ¢â¬â¢ house in suburban BostonRead MoreCrossing the Chasm76808 Words Ã |Ã 308 Pagesconsulting organization. In addition to maintaining its communications disciplines, it must also provide experienced counsel and leadership in making Foreword xiii fundamental marketing decisions. Market entry, market segmentation, competitive analysis, positioning, distribution, pricingÃ¢â¬âall these are issues with which a successful marketing effort must come to grips. And so we again remade ourselves, adding to market relations a second practice-high-tech marketing consulting. Today, our practices
Wednesday, December 18, 2019
In 2007, the national bureau of the economic research stated that in 2007 the recession began and ended in 2009. The recession was so server that homes were being foreclosed because of the decline in the markets. This was related due to financial crisis in 2007. Due to widespread of failure regulations the toxic that hit corporate governance and financial firms who were taking risks on borrowing and the risks on households even Wall Street went through the financial systems of this collision course of crisis. The measures that I would suggest is next time the economy suffers another crisis like before instead of bailing out Wall Streets and big financial firms, how about bailing out families who helps keeps this economy going. Foreclosures on homes was one of the biggest concerns that the economy didnÃ¢â¬â¢t seem to bailout, instead they seemed to wish homeowners the best of lucks in surviving this crisis. If there is a period where the global growth can seem to be a factor is to prolong the stability of familyÃ¢â¬â¢s futures. The protection that I would put in place is a security blanket for families who have money invested in the stock market or in Wall Street, because they are the ones who had to start over from the beginning because they lost more than anybody in first recession. Help families know the facts they can take on lowering their payments to prevent foreclosures. Cut some of the red tapes families have to go through to get help from lenders or any programs. GiveShow MoreRelatedForeign Direct Investment ( Fdi )1445 Words Ã |Ã 6 Pagesinfluenced the scope of economic growth for countries in a rapid manner. It has also notified that with globalisation, the business sector has been able to experience considerable benefits from international domain. The concept of Foreign Direct Investment (FDI) has been gain huge prominences in the recent years for getting considerable benefits for the economy and overall development of a nation. The importa nce of FDI has been attaining huge prominences among the economic as well as business domainRead MoreThe Impact Of Foreign Direct Investments On Developing Countries1667 Words Ã |Ã 7 Pagesamount of economic well-being for developing countries. It is intriguing to observe the true effects of Federal direct investments on developing countries. While FDI has become an outcome of a more globalized world, some countries do not see the same benefits of this phenomenon as other countries. One country that has seen a heavy influx of foreign direct investment is India. This paper briefly addresses both the positive effects of FDI on India and looks at the growth of GDP in IndiaÃ¢â¬â¢s economy. It concludesRead MoreRelationship Between Financial Development And Economic Growth922 Words Ã |Ã 4 PagesIntroduction The relationship between financial development and economic growth has elicited plenty of debate over the last few years. There are numerous researchers who have undertaken substantive empirical studies on this subject and many of them have concluded that there exists a positive relationship between financial development and economic growth. For instance, King and Levine (1993) conclude that financial development is a good predictor of future growth; while, Beck et al, (2000) suggestsRead MoreThe Allocation Of Funds Is An Ongoing Debate1673 Words Ã |Ã 7 Pagesview is ultimately better for the country and its citizenry. We focused on the question: How will an increase in defense spending affect the economy and what impact it will have on other areas of life? We compared spending in various countries to determine if there is a relationship between defense spending and growth of Gross Domestic Product (GDP). Our research did confirm that there is a relationship between the two variables. The causality was either unidirectional or bidirectional. Defense spendingRead MoreCurrency Devaluation And Fuel Subsidy Removal1185 Words Ã |Ã 5 Pagessubsidy removal are policies that are phenomena to the Nigerian economic environment. This research study identifies that the implementation of the policies has further caused more challenges in the pursuit for economic development than remedy to alleviate the crisis. From the research questions of this research study, was the questionnaire developed aimed at prying into currency devaluation and fuel subsidy removal for NigeriaÃ¢â¬â¢s economic development. The use of questionnaires were employed, which wasRead MoreThe Petroleum Revenue And Economic Growth Essay1610 Words Ã |Ã 7 PagesPHD ECONOMICS ADMISSION RESEARCH PROPOSAL DEGREE: DOCTOR OF PHILOSOPHY DEPARTMENT: ECONOMICS DEPARTMENT. PROPOSED TITLE: The Petroleum Revenue and Economic Growth in Nigeria. INTRODUCTION AND BACKGROUND The Petroleum industry in Nigeria is the largest source of government revenue and it occupies a pivotal position in term of foreign exchange earnings with about 90 percent and over 80 percent contribution to the Gross domestic product. Petroleum sector is the mainstay of Nigerian economy sinceRead MoreThe Expansion Of Urban Development Essay1466 Words Ã |Ã 6 PagesÃ¢â¬Å"Transportation infrastructure has always shaped the evolution and economic position of cities. First, our major cities largely grew around seaports. Next, urban development took place along rivers that formed the backbone of the industrial revolutions in the United States. Railroads opened up landlocked interiors of nations, fostering a third wave of city growth outward from their main terminals. Then, the expansion of suburban roadway systems created a fourth wave of urban development. WeRead MoreThe Foxhole Court, By Writer Nora Sakavic Essay1193 Words Ã |Ã 5 Pagesstrategies for moving forward. Career o rientation or career development process may start from here. Leading a healthy, solvent and transparent economic life a perfect career should be selected. By analyzing political economic factors behind such as values in present market demand, how domestic and international interact with the matter, consistency with developing economy, financial advancement, market orientation one can choose oneÃ¢â¬â¢s future. Without scrutinizing these sections decisions may take for personalRead MoreNews On Foreign News And Its Impact On Society s View On The United States1475 Words Ã |Ã 6 Pagesspecific topic making the research much easier. My first question was, Ã¢â¬Å"How does news based in the United States effect societies views on other countries? How does foreign news affect their societiesÃ¢â¬â¢ view on the United States?Ã¢â¬ By trying to find simple research on this through the MU Library, I was quick to find that in order to write a successful research paper it is vital to have a more specific question to get the answers you want. I was not finding specific research that included specific informationRead MoreBaseball World Series Affect On Kc Economy1145 Words Ã |Ã 5 Pages Baseball World Series affect on KC Economy For my research assignment I chose the affects of the Royals winning the World Series on the economy in KC. The purpose of this paper is to show my step-by-step research process. I chose to research this topic because throughout my entire life I have been a huge Royals fan and watching them win the World Series was an insane experience. I was interested to see how the economy in KC was affected after the win and the parade in downtown. My first step in
Tuesday, December 10, 2019
Question: Discuss about the Accounting, Auditing and Accountability Journal. Answer: Introduction Select Harvests Company is one of the leading vertically integrated nut and health food Company in the Australia. It has core capabilities in different segments include Horticulture, forest Management, dealing out, and Sales and Marketing. These competencies enable the company to get benefit throughout the value chain. Besides this, Select Harvests Corporation is the largest almond farmer, manufacturer, processor and marketer of nut products, strength munchies and breakfast cereal to retail and industrial markets (Select Harvests, 2016). Further, it exports the almond worldwide. It also builds strong relationships with India and China that are fast growing markets together with maintain markets in Asia, Europe, and the Middle East. It supplies both branded and private label goods and services to retailers, distributors and industrial users. Company deals in different retail brands named Soland, Sunsol, Lucky, and NuVitality. Along with, company supplies some brands to wholesale and industrial markets include Renshaw and Allina Farms. The company also manage a broad range of almond operations like snacking and cooking nuts, health mixes (nuts, seeds, grains) and muesli (Select Harvests, 2016). This report discusses the financial performance of Select Harvests Company. It also analyzes distinct kinds of financial reports, which is used to understand the financial strength of the firm. These kinds of financial reports include the Balance sheet, income statement, and cash flows statements. Further, this report also evaluates recommendations to enhance the financial position of the corporation. Statement of financial position In accounting, financial statements are the record of different financial activities of the business, or any other entity. It contains all financial information related to a business and reviews the debts, equity, and resources of the company in a particular time of period (Fridson and Alvarez, 2011). Generally, a financial statement of the company includes balance sheet, shareholders equity, statement of profit and loss, and statement of cash flow which highlight the financial position of the company Balance sheet It is a financial statement of the company that contains the information of companys assets, liabilities and stockholders equity over a specific time period (Drake and Fabozzi, 2012). These three segments of the balance sheet are the obligations of the company that include account receivable, inventory, loans payable, and provisions. The current assets of the company are presented as a liquidity of the company that can be turn into cash in the operating cycle. Current assets include stocks, prepaid expenses, accounts receivables, cash and other liquid resources which are equivalent to cash or quickly convertible into cash. Furthermore, non-current are that resources of the company that are not likely to convert into cash and used for long term economic benefits (Wahlen et al, 2014). Non-current assets are also known as long-term assets that include intangible assets like brand appreciation, goodwill, patents, trademarks, and domains. Investments in other corporations, building, land, equipments, furnishings, and leaseholds improvements also included in non-current assets. These assets depreciate over the time period. On the other side, liabilities are legal binding obligations of the firm in order to pay funds to another party for ongoing activities of the business. The examples of liabilities of a firm are wages payable, taxes, accrued expenses, and accounts payable. Liabilities are classified as current liabilities and non-current liabilities (Robinson et al, 2015). The liabilities which are expected to be settled in financial year are current liabilities such as accounts owed, temporary liabilities, accumulated liabilities, and other unpaid amount. All other liabilities are known as non-current liabilities or long-term liabilities. Non-current liabilities are expected to pay within more than one account period (Zadek, et al., 2013). Long-term liabilities include bonds owed, durable loans, and debts of long-standing lease. Moreover, the segment Stockholders equity is the element of financial statement which determines the companys financial position in terms of obtained capital from investors by issuing preference shares (Jack, 2012). In balance sheet, this segment includes different elements like paid-in capital, retained earnings, and contributed capital. The above table determines that total current assets of Harvests Company are increased in financial year 2014 to 2015 from 10.8% to 52.06%. It point outs that in this financial year Harvests Company has enough capital and additional resources of cash which are convertible in cash within this accounting period. Moreover, in this financial year non-current assets of Harvests Company also increased from 7.49% to 44.33%. These increased non-current assets evaluates that the company has essential and enough assets that are beneficial to provide long-term benefits to the company in compare of previous year. The increased assets of the company determine that the company is more capable to its productivity with great efforts and can get its future goals and objectives. Moreover, total current liabilities for the company in 2014 to 2015 has increased from -55.74% to 82.10% which presents that the short-term liabilities of the company has increased and the company has not willing to pay its debts within this accounting period as compare of precedent year. The increased current liabilities also indicate that the outstanding obligations of the company increased which may affect the companys market position and performance. Simultaneously, non-current liabilities of the company are decreased in this financial year from 79.63% to 14.26% which shows that Harvests is capable to meet its long-term debts in compare of preceding financial year. Additionally, total stockholders equity of Harvests Company has risen in 2014 to 2015 from 9.96% to 63.84%. It means that the company had received enough and more amount of capital from its stockholders as compare of previous year. The increased stockholders equity also shows that the investors have willing to invest in the company. It also determines that the retained earnings of the company also increased that indicates that Harvests Company become more financial strong for reinvestment and can easily expand its business. The company may use this increased capital to pay its debts. Therefore, it can be said that the companys financial position is sound because its current assets and non-current assets are favorable for the company. Long-term liabilities and stock holders equity also presents that the company has enough amount of capital for further expansion. But, it is necessary to make effective policy for the accomplishment of current liabilities. Stockholders Equity The term shareholders equity is residual claim made by the companys owner after paid all liabilities (Feldman and Libman, 2011). In companys balance sheet this section includes different elements such as retained earnings, paid-in capital, and common stock. Here, retained earnings are a proportion of net earnings which is not paid to its shareholders and retained for reinvestment in companys core business. It is also use to pay debts of the company. Moreover, paid-in capital is the companys capital which is received from investors by issuing common share or preferred shares (Weygandt, et al., 2015). This capital may be less than total capital of the company because the company may not sell all shares to its share holders. The below table demonstrates about stockholders equity of Harvests company: From the above table it is evaluated that common stock on the company has increased from 2.82% to 70.62% in 2014 to 2015. It is favorable for the company because in this period the company received more capital from its investors which determines that the company become more financial strong and the shareholders are interested to invest in company. Investors have believed that the company may give good profit against their investment. Additionally, in 2014 to 2015 retained earnings of the company is increased from 18.95% to 64.45% which illustrates that the company get enough incomes from its assets and can a good reinvest in its core business with strong financial position. In other words, retained earnings of the company depicts that the company got good profit in this financial year and has enough capital to pay short-term debts. Statement of Profit and Loss An income statement is one of the type financial statements that represent the financial performance of corporation ended the particular accounting period. Financial performance is evaluated by a summary of business activities like revenues and expenses that incurred by the company from both the working and non-operating activities (Haller and van Staden, 2014). It also depicts the net profit or loss that incurred by company ended the particular accounting period. This statement shows revenues in the beginning and also shows net income and earnings per share (EPS) in the last. There are two main elements involved in the income statement includes the operating and non-operating (Curtis, et al., 2014). The working activities of the PL statement disclose revenues and expenses which are the direct outcome of the regular business operation. It is also stated that revenue is generated from selling the goods and services. It is vital for all organization to enlarge its business because sales are persisted from one accounting period to another. On the other side, the cost of goods sold represents the expenses that are an important element to selling the goods (Marshall, et al., 2011). There are different costs are associated with selling the goods in the stock of company named direct labor, material, and overhead cost. Moreover, total expenses represented another part of the operating activities in the income statement. It is the sum amount of the cost of goods sold and operating costs. Along with this, non-operating expenses are the non-operating activities which show the material cost and expenses related to the revenue item. It is featured by extraordinary item and irregularity of occurrence. At the same time, non-operating income is another element of companys income that defines deed which is not related to the core business activities. This income and losses gained by the corporation from the investment, foreign exchange, assets written down value, and other nonoperating revenue and expense. Furthermore, earning per share is the essential component in the income statement that depicts income in dollars which have earned by the corporation in the particular accounting period (Delgado, et al., 2012). It indicated firms per share of its common share. The following statement shows the increase and decrease of performance in Select Harvests Companys income statement: As per the above table, it is exemplified that total operating revenue has increased from -2% to -19% in the year of 2014 to 2015. Because, Select Harvests Company is proficient in selling its goods and services as compared to the past period hence, it attains high revenue from its operating activities. Furthermore, the cost of goods sold has increased from -8% to 17% in 2014 to 2015. Because, Select Harvests Company has exercised the cost reduction mechanism in food manufacturing and process of harvest and crop business (Select Harvests, 2015). Moreover, company also eradicated the depletion from food manufacturing process, and crop and harvest processes. Further, the company also prevents the excess production, waiting time, carrying a charge, excess stock, and redundant activity. Besides this, as per the table, it is illustrated that total expense of company has increased from -16% to -12% in 2014 to 2015 i.e. unfavorable. It indicates that company is unable to cut down its cost in 2015. Along with this, non-operating activities have risen from 20% in 2015 as compared to the previous years. Further, the income that earned by company from non-operating activities has declined 12% in 2014 as compared to an earlier period (Select Harvests, 2014). It shows that company declares a high dividend as compared to the previous year and also gained return from the investment. As a result, income from extraordinary item has increased in the income statement in 2015. As well as, EPS has declined from 6.20 to 1.25 in 2014 to 2015. It depicts that companys need to enhance its profitability. Statement of cash flow The statement of cash flow is an important financial statement which also known as cash flow statement. This financial statement focuses on inflow and out flow of cash of an organization (Nguyen, 2010). Therefore, it demonstrates changes in cash and equivalent to cash rather than working capital of the company. The elements included in cash flow statement are cash flow from operating activities, cash flow from financing activities, and cash flow from financing activities. The first element cash flow from operating activities constitutes the business activities that generate revenue for the business. The operating activities such as sale of the product, providing services, royalties, fines, commissions, suppliers, and lawsuits are used to carry out cash in the company. The element cash from operating activities is generally compared with companys net income. If generated cash from operating activities is higher in compare of its net income then the earnings of the company said to be high quality (Fridson and Alvarez, 2011). This element is used to measure the ability of a company to make cash from its core operating with excluding the ability of purchasing assets and capital expenditures for new equipments. It also excludes the amount paid to its stock holders as dividend, received amount by issuing shares and bonds. The second element cash flow from financing activities are that activities that may alter the borrowings or equity of the company. In a company different activities like sale of stock, issuance of bonds, repurchase of companys shares and dividends payment are included in financing activities (Zaimah, et al., 2015). This element is used to understand the companys financial position. If the cash flow of a company increases, through bonds, shares, and dividends then the financial position and assets of the company also increases. Moreover, cash flow from investing activities constitutes those payments that are made to acquire assets for the business as well as cash received from sale of these assets (Rezaee and Riley, 2011). Investing activities includes purchase of assets for long term like equipments and plant. In cash flow statement this element is used to understand the investing resources of the company. Cash flow from investing activities provides the information of companys profitability in a specified time of period. From the above table it can be analyzed that in 2015 net cash inflow from operating activities is decreased from 4.69% to 0.32% that shows that the company generated less cash inflow from its operating activities or operating activities of the company is not capable to generate enough cash for the business. Companys operating activities like distributing, manufacturing, and marketing are not providing the majority of cash flow as a profitable company. Furthermore, net cash inflow from financing activities of the firm increased from -0.78 to 15.16% in year 2015. It indicates that the company became more capable to generate enough amounts from its financial activities in compare of past financial years. The flow of money into company is more than outflow of the money in to company. It represents that the assets of the company is increasing. Additionally, cash flow from investing activities of Harvests Company is also increased from 1.14% to 2.35% in 2014 to 2015 which presents that the company is capable to obtain cash from its investing activities. The company is getting good results from its investments in the market and its assets. Besides this, the net cash flow of the company is increased from -1.44 to 1.99% in 2015 in compare of 2014. The increased net cash flow determines that Harvests Company is profitable for the investors and able to maintain its liquidity position. This statement shows the operating activities, working capital, and financing activities of the company are appropriate to expand its business with higher productivity. Conclusion According to the above interpretation, it is summarized that financial position of Select Harvests Corporation is sound because it has sufficient amount of current asset to carry on business operation cycle. Therefore, it is said that Select Harvests Company is proficient in meeting its short-term obligations on time. Further, it has an adequate non-current asset that is effective to expand the business in long run. It is also stated that Select Harvests Company enables to accomplish its noncurrent liabilities on time that increases its creditworthiness in the market. Along with this, it is concluded that companies retain earnings is increased so, it enables to declare more dividend to its investors. Besides this, it is stated that Select Harvests Company is obtained higher profit due to increase revenue and decline expenses. Furthermore, it is concluded that Select Harvests Corporation enable to create cash inflow from its operating financing, and investing activities. Consequently, its cash position or liquidity strength is good as compared to earlier year. Recommendation It is recommended that Select Harvests Corporation should maintain its operating activities which take the time to convert stock into cash. It can be a beneficial strategy that can enable the company to accomplish its short term debts. Furthermore, it is suggested that Select Harvests Corporation should reinvest it's retained earning into portfolio investment to continue to get profits. This strategy can be valuable for shareholders to get high dividend because this strategy makes able to company to contribute their profit in dividends. Moreover, Select Harvests Company should use the effective approach such as selling the inventory in cash and also declines the credit period of the collection in order to the growth of the business. Apart from this, it is stated that company revenues are high and expenses are low so, the company should keep their current marketing strategies to obtain the long term advantages. Because, current marketing strategies and production strategies are effective and efficient so, the company will be enabled to maintain their cash flow position in near future. References Curtis, A., McVay, S., and Wolfe, M. (2014) An analysis of the implications of discontinued operations for continuing income,Journal of Accounting and Public Policy,33(2), pp. 190-201. Delgado, R. A., Barcena, L. S., and Manzanedo, M. . (2012) An Empirical Analysis of the Most Influential Components of an Income Statement. InIndustrial Engineering: Innovative Networks(pp. 79-84). London.: Springer. Drake, P., and Fabozzi, F. (2012) Analysis of Financial Statements. Sydney: John Wiley Sons. Feldman, M. and Libman A. (2011) Crash Course in Accounting and Financial Statement Analysis. Sydney: John Wiley Sons. Fridson, M. and Alvarez, F. (2011) Financial Statement Analysis: A Practitioner's Guide. Sydney: John Wiley Sons. Haller, A., and van Staden, C. (2014) The value added statementan appropriate instrument for Integrated Reporting,Accounting, Auditing Accountability Journal,27(7), pp. 1190-1216. Marshall, D. H., McManus, W. W., and Viele, D. F. (2011)Accounting. UK: McGraw-Hill Irwin. Nguyen, K. (2010) Financial Statement Fraud: Motives, Methods, Cases and Detection. Australia: Universal-Publishers. Rezaee, Z. and Riley, R. (2011) Financial Statement Fraud Defined. Sydney: John Wiley Sons. Robinson, T., Henry, E., Pirie, W. and broihahn, M. (2015) International Financial Statement Analysis Workbook. Sydney: John Wiley Sons. Select Harvests (2014) Annual report. [Online]. Available at: https://www.selectharvests.com.au/doc/announcements/Select%20Harvests%20Annual%20Report%202014%20Final.pdf (Accessed: 22 September 2016). Select Harvests (2015) Annual report. [Online]. Available at: https://www.selectharvests.com.au/doc/announcements/Select%20Harvests%202015%20Annual%20Report%20ASX.pdf (Accessed: 22 September 2016). Select Harvests (2016) Company Profile. [Online]. Available at: https://www.selectharvests.com.au/company-profile (Accessed: 22 September 2016). Wahlen, J., Baginski, S. and Bradshaw, M. (2014) Financial Reporting, Financial Statement Analysis and Valuation. Melbourne: Cengage Learning. Weygandt, J. J., Kimmel, P. D., and Kieso, D. E. (2015)Financial and Managerial Accounting. USA: John Wiley and Sons. Zack, G. (2012) Financial Statement Fraud: Strategies for Detection and Investigation. Sydney: John Wiley Sons. Zadek, S., Evans, R., and Pruzan, P. (2013)Building corporate accountability: Emerging practice in social and ethical accounting and auditing. UK: Routledge. Zaimah, R., Masud, J., Haron, S. A., Sarmila, M. S., and Awang, A. H. (2015) Financial decision making among the dual-income families in Malaysia, Mediterranean Journal of Social Sciences,6(4), P. 70.
Tuesday, December 3, 2019
The Death of a Superhero Review Paper Essay on The Death of a Superhero Book, mounted as a film. Written easily and unusual. And sad. Tells the story of 14-year-old superhero named Donald Delpy, nicknamed the Miracle Man. Wonder Man is sick with leukemia and risks not live up to their fifteenth birthday. On his heels is the evil genius Dr. Glove, obsessed to enslave the world. Beautiful Rachel is ready to surrender to Wonder Man at any time, but that for some reason not in a hurry to jump into bed with her. Saving the world is much more important than love comfort. However, to die a virgin, too, do not want to. Realizing this is not without the help of one friend and therapist, Donald Delpy, more recently, indifferent to his illness, and indifferent to the treatment, he begins to fight. For peace (in a relationship with their parents), for the love (to the girl on roller skates), for his life (which remains practically nothing). This cynical fellow, talented illustrator and writer of stories about superheroes, leaving an imaginary world and re-learns to trust adults. The most heroic of all his heroic deeds the adoption of disease and attempt to look at her face. This person, symbolized in the image of Dr. Gloves, smirks and grimaces. It is not going to give up. His temporary defeat turns into a final victory. It is incredible, but a superhero dies. Having celebrated his last birthday, boy excruciatingly painful and long leaves. But leaves happy and satisfied with the way he lived his albeit short-lived, but still worthy of fifteen years. We will write a custom essay sample on The Death of a Superhero Review specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Death of a Superhero Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Death of a Superhero Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Roman Australian writer Anthony McCarthy on the last months of the life of an ordinary teenager who dreamed of becoming a superhero invulnerable. About how difficult it is almost impossible to reconcile with the deadly disease. Especially when it seems that life is just beginning.
Wednesday, November 27, 2019
Proctor Gamble Company Scope of the Report. This report is designed to address the economic, political, social and environmental opportunities and risks facing Proctor and Gamble Company in the next ten years.Advertising We will write a custom report sample on Proctor Gamble Company specifically for you for only $16.05 $11/page Learn More Executive Summary. Several decades ago, organizations have been exposed to limited regulations and existed in less competitive environments. As a result, several companies may not have observed the utmost care in the provision of goods and services to their customers. In the recent world, however, more regulations have been imposed and competition has stiffened due to increasing business competitors. As a result, there has been improvement in the quality of goods and services, as well as, adherence to environmental sustainability. Therefore, the objective of this study is to assess the economic, political, social and environmental opportunities and risks facing Proctor and Gamble Company in the next ten years. In the first section, the overview of the company and stakeholder analysis is given. In the second section, the current issues facing the company are analyzed in detail. Lastly, the issues that the company would face ten years to come are explained in detail and a conclusion given. Overview of the Company. Proctor and Gamble Company is a multinational company that ranks highly among the fortune 500 companies (McGowan 24). The company deals in the manufacture and production of several household products that are affordable. In 1837, William Proctor and James Gamble dealers in candle production and soap making respectively, met and started the company (Funding Universe 7). Several years later, the two business partners successfully started their first laboratory within the United States of America (Funding Universe 7). Roughly 58 years later, in 1930, the company acquired a British soap manufacture and went on to estab lish a new manufacturing plant in the Philippines. Currently, the company is a market leader and sells over 300 products in several countries on the globe. Ã¢â¬Å"Some of these valuable products that the company boasts of include Pampers, Ariel, Tide, Gillette, Oral-B, Max Factor, and Mr. CleanÃ¢â¬ (Funding Universe 7). Proctor Gamble conducts intensive research and marketing all over the world, reaching in excess of 160 countries, and owns 115 factories in over 80 countries (McGowan 24). As mentioned earlier, the company was founded and is headquartered in Cincinnati, Ohio, in the United States of America. In all the worldwide plants, Proctor and Gamble possesses average of 138,000 employees and still growing. Besides the companyÃ¢â¬â¢s capitalization in products, other fields such as the organization of radio and television shows have been exploited. Some of the aired shows include Down to Earth and Shirley Jones which have also played a significant role in marketing the com pany as a whole.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Proctor and GambleÃ¢â¬â¢s products are classified into five segments according to the functions of the products. Ã¢â¬Å"These five segments include fabric and home care, beauty care, baby and family care, health care, and snacks and beverages, which, allow for the easier application of various marketing techniques and strategiesÃ¢â¬ (Funding Universe 7). The profitability of the company is attained through marketing all segments especially fabric and home, and beauty care that form the largest and second largest segments in terms of revenue. However, as the world population increases and intermingle, peopleÃ¢â¬â¢s needs, tastes and preferences, and loyalty tend to change with time. As such, existing and new entrants in the industry have kept increasing the competition forcing Proctor and Gamble to take approp riate measures to maintain a competitive edge in capital market zones. For instance, implementation of the Ã¢â¬ËOrganization 2005Ã¢â¬â¢ is one key strategy that is used to increase its global market share of the company. As such, this paper aims at giving the current political, economic, social, and environmental issues affecting the organization of Proctor and Gamble. Furthermore, the paper will address the political, social, economical, and environmental issues that will most likely affect the company 10 years from now, as well as, give the associated risks and opportunities. Key Stakeholders Proctor and Gamble has several partners who own key shares in the company according to the company rules of ownership. However, there is no significant evidence of the actual percentage of ownership in the company. Current Issues Economic Issues Since the 2007-2008 global recessions, the Gross Domestic Product of several nations both in the developed and developing countries, including th e United States, have gradually decreased. For instance, the GDP in the United States experienced a reduction at an alarming rate of over 6 percent in the year 2008, and more people lost their jobs as a consequence. The GDP is the total value of all the goods and services produced by an economy in an annual basis and indicate the overall performance of the economy. Therefore, when the GDP of a country drops, fewer goods and services are produced; hence, people stay out of employment because organizations will try to reduce the workers (Isidore 1). Since the global recession, this has been the situation on the ground resulting in the weakening of consumer purchasing power. As a result, organizations will experience less profit due to reduction in the volume of sales (Isidore 1).Advertising We will write a custom report sample on Proctor Gamble Company specifically for you for only $16.05 $11/page Learn More According to Ben Bernanke, the Federal Reserve Cha irman, the situation would continue to exist until an improvement in its exporting destinations in several other parts of the world occurs. Further, he asserts that the rate at which the United States Economy recovers is dependent on the economy abroad because the country expects to rejuvenate through export revenues. Proctor and Gamble Company serve a vast market both in the United States and abroad, selling in excess of 300 products to more than 80 nations of the world (McGowan 24). As such, the economic hardships of such economies have negatively affected the operation and general profitability of the company. This is because the global economy plays a key role in ensuring that the companyÃ¢â¬â¢s products move smoothly in all the target markets (Wohi 1). Despite the slight improvement in the economies during the recent years, the cost of oil has continued to shoot up leading to a second phase of inflation. This again, impacts the ability of potential Proctor and Gamble customer s to purchase their products; hence, reduced profitability has continued to exist. Furthermore, Proctor and Gamble imports most of its raw materials from other countries and in the recent years, this has hugely impacted the performance of the company. For instance, commodity prices have drastically surged by more than 50 percent since 2002. As a result, close to half of Proctor and Gamble product costs are directly related to the cost of raw materials. In order to remain in business and make reasonable profits, the company resorted to increase the prices of several brands. However, being a market leader, Proctor and Gamble enjoys the economies of scale and can effectively moderate inflation of raw materials as compared to competitors (Shailaja, 2). The raw materials adversely affected by the inflation include coffee pries, growing paper pulp prices, fuel prices, and natural gas prices among several others that are not mentioned. As a consequence, the associated product prices such a s coffee brands, fabric, and diaper goods have experienced fluctuations in expenses, as well as, generated reasonable profits for the company (Wohi 1). Despite the economic hardships being experienced in several nations, Proctor and Gamble has set up strategies that ensure success in its operations (Shailaja, 2).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Political Issues The current economic situation in the United States and the other leading economies trigger various government reactions (Shah 5). As such, several governments including the United States Government has imposed some regulations in order to allow the smooth recovery of the economy. Apart from leading economies such as the United StatesÃ¢â¬â¢ economy, JapanÃ¢â¬â¢s economy, BritainÃ¢â¬â¢s economy, SpainÃ¢â¬â¢s economy and the economy of Singapore, other emerging economies of the world such as China have continuously been exposed to the effects of the global economy deterioration. With the United States economy being affected, China also experiences the economic strain as their exports to the United States significantly reduce. This scenario calls for political intervention by concerned governments in order to drive their economies towards the right direction. For instance, the gradual economic deterioration, inflation and unemployment put pressure on Ben Bernan ke to speed up the interest rate cuts in the United States in order to reduce the benchmark rate 0.75 percent down. This move was quickly adopted by central bankers in several other nations such as Japan and the UK region in order to allow their economies to thrive in the current economic difficulties. According to the IMF, the economy of the United States accounts for approximately 21 percent of the global economy; therefore, the deterioration of the economy put significant trickling effect to several other economies of the world. The reduction in the spending ability of American consumers has necessitated organizations to limit their importation budgets in order to avoid incurring losses. According to relevant sources the uncertainty of the United States stock prices has also negatively impacted other markets in several countries (Isidore 1). Apart from economy deterioration and inflation effects, there are other government regulations and policies that have significantly influenc ed the operation of leading organizations such as Proctor and Gamble Company. In recent occurrences, different consumer protection bodies have raised concerns over the dangerous chemical compositions of certain cosmetic goods. Additionally, researches conducted on the chemical compositions of cosmetic goods have indicated that 0.33 of these goods have carcinogens. In connection to that, the United States Food and Drug Administration imposed strict quality adherence rules that all cosmetics manufacturers must follow. These quality adherence regulations were imposed to ensure that consumers are protected against harmful products. These recent governing rules on product quality adherence impose significant delays in product launches within companies. Furthermore, the regulations lead to higher costs of finished goods due to a high cost in the product development process. As such, companies will have to ensure they meet such regulations; otherwise, they stand a risk of getting enormous fines or being banned from operation. In Europe, for example, the European Chemicals Agency was created in order to provide regulation on the quality of finished goods within the entire European markets. In order to comply with the strict rules and regulations, companies have to incur more costs. As a result, there is the creation of new barriers of entry that leads to a steady rise in fake household goods that put the general consumer population to new health risks. Proctor and Gamble, however, has set up new strategies to ensure the cases of counterfeits in its products are minimized so as to avoid revenue reduction and weakening of its brand image. Another political issue that has influenced the running of Proctor and Gamble is the change in the rules that govern the disposal of solid wastes. In order for the company to adhere to the strict rules, it changed to manufacturing some of its products such as diapers with biodegradable materials rather than PVC plastics. As a result, t he creation of recyclable diapers has been remarkably successful and enabled the company to realize substantial profits. Social Issues From the onset of the 21st century, key demographic changes took place in the American society and the world as a whole. As such, more and more women started going to work, and even some of them became the sole bread winners among their families. As years went by, families became more stable than in the earlier years; hence, the purchasing power of consumers significantly improved (Shah 5). Furthermore, mothers could take care of even larger families without straining their budgets as hard as it used to be several years back. On the other hand, companies such as Proctor and Gamble immediately identified the potential that existed in these consumers and took a positive step to market itself. The company identified women as their target group for household, beauty and other personal products; therefore, advertised directly to them. By using this techni que, Proctor and Gamble successfully entered the market and controlled a bigger market share than other competitors. Procter and Gamble went ahead to use women as decision influencers in the remaining product categories like food and beverage, and detergents. Additionally, Proctor and Gamble effectively applied the use of media such as radio and television shows as a way of promoting its brand name and products to the entire consumer population. This process involved the selection of proper media and programs in order to get sufficient conversions from the targeted consumers. Some of the aired shows that have played a significant role in marketing the company products include Down to Earth and Shirley Jones. In comparison to other competing organizations, Proctor and Gamble has consistently enjoyed the benefits of its innovations in most of the markets, both in the United States and abroad. Despite the various benefits that Proctor and Gamble has gained, there are cases where they h ave underperformed. From a general perspective, social concerns, lifestyle, and attitude play a crucial role in determining the success, failure or reputation of any organization that deliver goods and services. Over the recent years, for example, Proctor and Gamble experienced several boycotts that are linked to the exploitation of animals by the company. According to relevant sources, the company uses animals to conduct tests for products in order to ensure they are safe for use by their consumers. As established by animal rights organizations, the company and its leadership have engaged in unworthy practices that create an attitude that transfers fame and profits to the strong at the expense of the environment, people and animals. This scenario led to widespread trust issues about the companyÃ¢â¬â¢s ethical standing, and the management had to step in to save the situation. Ã¢â¬Å"During the 5th World Congress on Alternative and Animal Use in Life Sciences (2005), the company ac cepted that it engages in animal testing as the last option in order to ensure products are fit for use by consumersÃ¢â¬ (Federal Institute of Risk Assessment 3). However, the company management insisted that they are making plans to remove the use of animals in conducting their product research (Federal Institute of Risk Assessment 3). As a resolution, the company stated that it has commits itself to employing other means of conducting product research within the company. This is depicted in its collaboration with government bodies and academia to promote the acceptance of alternative means for product research and testing in the company. Environmental Issues In all countries, there are several environmental concerns that are addressed for a peaceful coexistence between man and the environment to be realized. These environmental issues are addressed through the creation of environmental laws that control the activities undertaken (Shah 5). In most scenarios, these laws significa ntly influence the operation of key organizations both positively and negatively. In the United States, for example, there are several environmental laws which have been drafted to ensure the environment is kept clean and conducive for habitation now and for future generations. For example, the passing of the Solid Waste Act (1976) was intended at eliminating the causes of environmental dereliction that worsened due to increased population growth. Several companies had to respond to this environmental law or risk being penalized. Furthermore, the damage caused by disposal of diapers was counteracted by strictly following the established environmental laws. The rise of recyclable diapers also had some implications on the manufacturers such as the strict regulations and changes in consumer preferences. Furthermore, operating companies like Proctor and Gamble had to deal with increased levels of consumer awareness concerns and resentment for buying disposable diapers. In response, Proc tor and Gamble came up with the idea of using pulp to manufacture diapers rather than using PVC plastics and claimed their diapers are recyclable (Sewell 2). Since the diapers were biodegradable they eliminated cases of health hazard arising from non-biodegradable PVC diapers; hence, resulted in a cleaner environment (Sewell 2). In more recent years, newer regulations have been created such as the need for the provision of high health standard products, energy saving options and control of exhaust gases into the atmosphere. As a result, several organizations have strived to meet these regulations and global objectives by carrying out the best associated activities. Proctor and Gamble engaged in the 2005 Clinton Global Initiatives that are intended at providing the world with the best services for better live (Stockhouse 1). As such, the company committed itself to offering clean drinking water to millions of children in developing countries such as in the sub-Saharan Africa and Asia . According to relevant sources, more than 13 million children in the United States have inadequate food supplies, but Proctor and Gamble strives in to offer the necessary support (Proctor Gamble, 22). Through the leadership of McDonald (CEO) several environmental objectives have been realized depicting his excellent leadership skills and ability to serve without bias (Shedlock 2). For instance, the company successfully lowered water usage by 7 percent, energy consumption by 6 percent and carbon dioxide emissions by 8 percent in the year 2008. According to relevant sources, these results are exceptional and can only be realized through complete sacrifice and the ultimate determination to succeed. Furthermore, Proctor and Gamble helped to supply and distribute 430 million liters of safe drinking water in several parts of the world in its initiative to reach needy children in 2008 (Stockhouse 1). As a result, the company has continued to show its commitment to reach, support and impr ove the lives of people in the global scenario (Shedlock 2). Such initiatives also uphold the ethical drive of the company and in the long run may help to strategize its marketing capabilities in new markets. Future Opportunities and Risks. In the next 10 years, Proctor and Gamble Company will continue to experience significant changes in the political, economical, social and environmental issues. These changes will force the company to respond by creating strategies in order to remain competitive within the market and retain its market leadership (Proctor Gamble, 20-52). In the following pages, the possible issues, opportunities and associated risks that may impact the company are discussed in detail. Economic Issues By assessing the current global development trend, there are significant indicators of an increased economic performance in several countries. For example, various developing countries have established global goals and strive to meet these goals in order to have a rat ing on the global scenario (Shah 5). As a result of these initiatives, there are increased chances of better performance in developing countries within the next years. In response to this effect, various multinational companies have already started establishing their roots in such countries so that they can enjoy the benefit of first investors. These potential future economies are referred to as emerging markets and have the capacity to change the rating of an organization. Proctor and Gamble, for that matter, has started laying strategies for opening and establishing its operations in emerging markets such as in countries like India and Malaysia (Proctor Gamble Company 5). As such, the companyÃ¢â¬â¢s idea is to locate itself close to the future consumers, as well as, win a bigger share of the market. These plans became clear in 2008, when the company announced its intention of establishing 19 factories in developing countries that have experienced exponential growth in their GDP over the recent years. Such strategic moves give the company a better chance of utilizing the new economic opportunities before other competing companies enter the new markets. Other opportunities associated with establishing itself in new markets include the enjoyment of free markets with less competition and still offer the best products. Considering that 80 percent of the worldÃ¢â¬â¢s population resides in the developing countries, the potential of Proctor and Gamble to remain a market leader for several years to come is undoubted. However, despite the fact that there are numerous opportunities in establishing the companyÃ¢â¬â¢s future in emerging markets, there still exist risks that should be put into consideration. First of all, competing companies such as Unilever and Colgate-Palmolive have already established factories in some of these markets; hence, Proctor and Gamble is expected to receive some form of competition during the implementation process. Furthermore, the c ompetition to offer the best products at the most affordable costs will have a significant effect on the reduction of overall profit margins. Second of all, developing countries tend to have unstable economies and the markets would vary with little uncertainty. As such, Proctor and Gamble may be in a risk of losing potential income trying to maintain its operation in such markets. Social Issues. Demographic factors such as population play a key role in creating a stable market that multinational companies can thrive in well. In most developing countries, the population growth rate is high and more children are being born (Shah 5). As such, the continued population growth increases the size of the potential market in the target developing countries. Therefore, in the coming 10 years, Proctor and Gamble will explore this excellent opportunity in the developing markets. With continued population growth, the demand for household products will increase; hence, a significant increase in t he volume of sales will be realized by the company. In addition to that, the social services that the company has been offering in the developing countries such as provision of safe drinking water and food in sub-Saharan Africa will live a lasting impact on the people (Proctor Gamble Company 5). As a result, the company will be appreciated for its ethical moves and potential consumers will always value being associated with the company. Therefore, the companyÃ¢â¬â¢s name and brand will ensure it thrives well against other competing organizations. Furthermore, developing countries have an increased awareness in the value of education and more children are being taken to school. In Africa, on the other hand, education barriers and bias against the female gender is slowly diminishing and more females are being taken to school. As such, the level of literacy in the developing countries is going to improve, and the society will appreciate several development issues. According to relev ant information, literacy tends to increase the value of an economy because more people get into employment and are able to become financially independent. Ten years from now, this will be the likely scenario in developing markets because more people will be financially worthy due to created employment opportunities. As such, Proctor and Gamble is bound to operate within profitable margins because the purchasing power of the local citizens will have improved. Despite the potential opportunities, Proctor and Gamble will still be exposed to various risks during the implementation process in the emerging markets (Monks, Minow 32). For instance, other societies have various preferences and attachments to products. This might be the scenario in Asian countries where social values and culture play a crucial role in the behavior and lifestyle of the people (Puckett, 6). As such, Proctor and Gamble may have a rough time convincing or even changing certain products to march their tastes and preferences (Puckett, 6). Furthermore, existing competitors in developing countries will trigger strong product wars because the existing organizations will have studied the market and the needs of consumers. As a result, Proctor and Gamble will need to be more innovative in order to realize substantial market capitalization. Political Issues. In developing countries, there are several political factors that determine the success or failure of an organization. As such, the factors can positively influence or hinder the progress of a company in the territories (Shah 5). Governments in the Far East, India, Malaysia and China have strict government regulations that operating companies have to follow. However, there are both opportunities and risks that are associated with these regulations. As a result of the global wave, however, most governments have removed some of the strict regulations in order to allow global operations and businesses to thrive well in their countries. With this trend spreading to various developing countries, Proctor and Gamble will have an opportunity to trade without strict restrictions that would prevent smooth operation of the company. Proctor and Gamble has already started making advances that would enable maximization of these opportunities. For example, the company has already declared its intention in setting up an oleochemichal plant in Indonesia in order to secure a stable future supply for its fatty alcohol requirements (Proctor Gamble, 20-52). According to relevant sources, Proctor and Gamble has secured $100 million for the future investment in the Indonesian soil. On the other hand, Proctor and Gamble will have to face various risks that are usually associated with developing countries. Political instability is a leading cause of instability in developing countries and may negatively impact the operation and profitability of an organization (Sullivan 43). Several developing countries experience political instability due to an unstable government, civil wars and corruption among government officials (Puckett, 6). Such occurrences may hinder businesses operations and cause damages, overheads and other management issues. As Proctor and Gamble plans to enter the markets, it should be ready to face such risks in the near future. Additionally, other countries impose unusually high tax policies that would impact the profitability of the operating companies. In most African countries, for example, government imposes heavy taxes on the working population and operating companies. As a result, both the purchasing power and the profits margin of the operating companies are negatively affected. In the long run, some companies may fail to break even in the planned duration or even shut down due to excessive operating costs. Therefore, Proctor and Gamble will be exposed to this risk of operation and should be prepared for the worst case. Environmental Issues. In the current world, environmental issues are a serious concern and in many countries, the global perspective is preferred. For instance, several projects are undertaken with regards to their sustainability and value to the environment. In line with the global sustainability requirements, several governments have established their environmental laws to cater for efficiency such as the reduction in energy consumption, water consumption and reduction in carbon dioxide emissions (Proctor Gamble, 17). As a global initiative, several countries are taking part in these movements. Therefore, the governing laws encourage people and organizations to help make the world a more habitable place now, and several decades to come (Shah 5). Through such activities, the people are informed and learn how to use and manage resources. In the long run, the people will lead healthy lives; hence, save on hospital bills, medications and other associated costs. All these occurrences will enable the population in developing countries to be more sustainable and a ble to support their families because of improved living standards. As a result, the resultant population will eventually increase their ability to spend on their own improvement. In that sense, Proctor and Gamble will explore this opportunity and operate sustainably in such countries. The best part is that Proctor and Gamble has already taken an initiative to uphold sustainability among several developing countries such as in India, Malaysia and sub-Saharan Africa (Monks, Minow 32). The company has successfully managed to deliver clean drinking water to needy children all over the world in an effort to improve their lives (Proctor Gamble Company 5). As such, it has made a strong impact that will last impact the society. In the future, unfortunately, some governments would impose strict rules that would negatively impact the operations and profitability of Proctor and Gamble in their countries (Sullivan 43). These rules may include heavy ban on certain raw materials such as wood i n order to prevent deforestation and the slow process of desertification. Since the company heavily uses pulp in the manufacture of products and packaging material, it may have to find alternatives at the expense of its profitability. Therefore, such imposed bans would result in high operation costs and subsequent reduction in the companyÃ¢â¬â¢s profit margins. Other regions such the European Union have strict environmental laws that determine the quality of products and the acceptable chemical compositions (Sullivan 43). In cosmetics products, for instance, harmful chemical products may be controlled by such laws and enormous fines would be imposed if such chemicals are reported to exist at harmful concentration levels. Proctor and Gamble will also incur further expenses in efforts to respond to strict laws. Conclusions and Recommendations. Several decades ago, many organizations operated without much regulation that would impact the operation of such organizations in a great man ner. Companies were established, operated, and several sustainability factors were never given the utmost attention. As a result, there was inadequate consumer protection laws, environmental laws, as well as, risk assessment procedures. With increasing awareness on the impacts of such establishments, the society started planning ways of protecting the environment, people and animals through setting up the governing rules. These rules and regulations change as time goes to accommodate the factors handled at one moment in time. Therefore, organization has grown and adapted to match the requirements of the society and deliver the best on its part. Proctor and Gamble, for example, has existed for more than a century and has undergone a series of changes through several generations. At the moment, Proctor and Gamble is a multinational company with products in excess of 300 and operates globally in more than 80 countries. As highlighted in the document, the company is a market leader and takes a strong lead in innovations. For instance, relevant sources have indicated that, on a yearly basis, the company introduces one to two leading brands into the market. In approximately 10 years from now, the company is devising strategies of reaching emerging markets. In connection to that, the company will be exposed to several opportunities within the political, social, economical and environmental perspectives. However, the success of the company depends on its ability to innovate and set up strategies that will carry it forward through the markets (Monks, Minow 32). On the other hand, the company will still face risks that may result from operating within the markets. As mentioned in the paper, the risks are numerous, and the company will have to create ways of negotiating past the risks (Sewell 2). As a market leader, the company must have the tactics of operating in exceptional markets and still emerge victorious in the end. Proctor and Gamble is a market leader and a pa ce setter; hence, it is inevitable to mention that it leans more on the success side than the failure side. Finally, I would like to conclude that constant improvement in organizational skills, innovation skills and marketing skills is the key to a successful organization. Federal Institute of Risk Assessment. Ã¢â¬Å"5th World Congress on Alternatives and Animal Use in the Life Sciences.Ã¢â¬ Bfr.bund.de. Bfr.bund.de, 2005. Web. Funding Universe. Ã¢â¬Å"The Proctor Gamble Company.Ã¢â¬ Fundinguniverse.com.Ã Fundinguniverse.com, 2011. Web. Isidore, Chris. Ã¢â¬Å"Europe Recession Risk grows, with or without Debt Default.Ã¢â¬ Ã Financeyahoo.com. Financeyahoo.com, 2011. Web. McGowan, Evan. Ã¢â¬Å"Corporate Profile: Procter and Gamble.Ã¢â¬ Academy of ManagementÃ Journal, 12 (8). Pp. 20-28, 2006 Print. 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