Edmunds Corrugated Parts Services - 1246 Words

Edmunds Corrugated Parts Services Charles Reynolds Dr. Charles Woods Modern Management-500 August 10, 2012 Edmunds Corrugated Parts Services Analyze the Issues Faced by Edmunds and Describe what lead the Company to this Situation Edmunds issues were the quarterly earnings. They simply was not as they had been in the past. In the past years Edmunds Corrugated Parts Service Company had seen earnings past the $10 million mark. And now the company is beginning to see clear signs that revenues were becoming stagnated. Mr. Edmunds felt the company did very well up until now. He had employed around one hundred employees that was loyal and worked hard to get the job done. A majority of the workers were neighbors to Mr.†¦show more content†¦Edmunds feel a little more comfortable that new hires are from the neighborhood, the company would have to come up with a strategy that will allow that to happen (Daft, R., 2010). Describe what Strategies Edmunds Could use in the Future to Reduce Potential Crises Before they Happen One strategy Edmunds can use in the future to reduce potential crises before they happen is to develop a mission statement and let the statement reflect the mission of the company from this point on. According to Certo, S., 2006, a mission statement is a written document developed by management, normally based on input by managers as well as nonmanagers, that describes and explains what the mission of an organization actually is. It is very important for an organization to have a mission because it helps management increase the chance of a successful company (Certo, S., 2006). Another strategy Edmunds could use is to perform a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis on a regular basis. According to Certo, S., 2006 a SWOT analysis is a strategic development tool that matches internal organizational strengths and weaknesses with external opportunities and thre ats. SWOT analysis is founded on the notion that if managers thoroughly review such strengths, weaknesses, opportunities, and threats, a beneficial strategy for ensuring organizationalShow MoreRelatedManaging Information Technology (7th Edition)239873 Words   |  960 PagesDirector: Jayne Conte Cover Designer: Bruce Kenselaar Photo Researcher: Karen Sanatar Manager, Rights and Permissions: Hessa Albader Cover Art: Fotolia Media Editor: Denise Vaughn Media Project Manager: Lisa Rinaldi Full-Service Project Management: Integra Software Services Pvt. Ltd. Printer/Binder: Edwards Brothers Cover Printer: Leghigh-Phoenex Color Text Font: 10/12, Times Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on

The Financial System in Nigeria - 6376 Words

The Financial System in Nigeria: An Overview of Banking Sector Reforms The Financial System in Nigeria: An Overview of Banking Sector Reforms E. J. Ofanson (Ph.D)1 O. M. Aigbokhaevbolo (Ph.D)2 G. O. Enabulu3 Abstract The paper overviews the banking sector reforms within the framework of the Nigerian Financial System. A theoretical approach was adopted although empirical evidence was presented in some cases. It was clear that developments in the banking sub-sector of the Nigerian financial system have contributed to some extent in promoting economic growth and development in the country. However, the operations of some of these institutions were characterized by inefficiency and ineffectiveness. It was also found that the challenges facing†¦show more content†¦It is against this background, that besides the introduction other parts of the paper are structured as follows. Next to the introduction, the paper takes a look at the structure and development of the Nigerian financial system before explaining the role of the financial system in the Nigerian economy. Next to this is the section that addresses the history of banking reforms in Nigeria and the nature of the reforms. The last part co ncludes the paper after a critical look at development implications of banking sector reforms. The Structure and Development of the Nigerian Financial System A financial system is a conglomerate of institutions, markets, instruments and operators that interact to provide such financial services as resource mobilization and allocation, financial intermediation and facilitation of foreign exchange transactions. The Nigerian financial system can be categorized into 2 AAU JMS Vol. 1, No. 1, December 2010. The Financial System in Nigeria: An Overview of Banking Sector Reforms formal (money and capital market institutions) and informal (local money lenders, the thrifts and savings associations and so on) groups. In general the Nigerian financial system comprises the regulatory/supervisory authorities, banks and non-bank financial institutions. By the end of 2006, the system comprised Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC), the Securities and Exchange Commission (SEC), theShow MoreRelatedThe History And Downfalls Of Nigeria Essay1499 Words   |  6 PagesUpsets and Downfalls Nigeria has been a democracy since 1999 when the military handed over government power to elected officials. Since then, the countries electoral system has experienced many upsets and downfalls. This transition has been anything but smooth with large amounts of corruption within the country s political and socio-economic system. Due to the ineffectiveness of governance, it has been extremely difficult for Nigeria to effectively democratize. In order to improve Nigeria’s corruptRead MorePublic Health Information About Nigeria Essay1388 Words   |  6 PagesIntroduction Nigeria as a country is located in Africa and it is the most populous country with about 170 million people. It is a nation comprising of more than 250 ethnic groups, 380 languages with different range of cultural, religious beliefs and practices according to WHO report of 2000. The country is divided into six geo-political zones, 36 States with the state further subdivided into a total of 774 Local Government Areas and a Federal Capital Territory. Public health information about Nigeria NigeriaRead MoreA Report On Mergers And Acquisitions1013 Words   |  5 PagesMergers and Acquisitions have always been considered as a †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. and ever since the first merger in Nigeria in 1980, Merger and Acquisitions have occurred in most sectors of Nigerias economy. In 2004, the Central Bank of Nigeria in fulfillment of its mandate to Promote and maintain of monetary stability and a sound and efficient financial system in Nigeria rolled out a 13 point rolled out a 13-point reform agenda aimed at consolidating the banking sector and preventing the occurrence of systemicRead MoreThe Evolution Of Micro Finance1651 Words   |  7 PagesFINANCE IN NIGERIA 3.0. Introduction: In this section the need for Microfinance is discussed; the emergence and development of microfinance in Nigeria is also reviewed. Finally the chapter discuss the ownership and beneficiaries of microfinance in Nigeria. 3.1. The Need for Microfinance: The unwillingness or inability of the formal financial institutions to provide financial services to the urban and rural poor, coupled with the un-sustainability of government sponsored development financial schemesRead MoreDoc, Pdf1169 Words   |  5 PagesIndirect  Rule Indirect rule emerged in Nigeria around 1900 when the British government established the Niger Committee, a council that investigated the state of future Nigerian territories. The Committee proposed that chiefs and their respective native institutions should be used in the administration of Nigeria. Such a proposal was prompted by several different groups within Britain who believed that indirect rule would be a more effective colonial system than the Crown Colony administration. TheseRead MoreEssay on Poverty in Nigeria901 Words   |  4 PagesNigeria, with its prodigous oil and natural gas reserves, has the potential to be one of the most affluent places on the planet, were it not for the rampant corruption that defines it. Instead, it is the 20th poorest country in the world1. Much like the guanxi of China, Nigeria practices prebendalism—the use of high-level positions to gain personal wealth. In other words, people exchange money for political favors, which of course c reates a greedy and corrupt society. The extent of this fraudulencyRead MoreImpact of Industrial Development on Nigeria Stock Market1457 Words   |  6 PagesImpact of Industrial development on Nigeria stock market. The potentials of capital market in Nigeria as a catalyst to economic and industrial development cannot be over emphasized. The capital market as an internal part of a country’s financial system operates at the long end of the system to mobilize resources for long term development and growth. Basically, the capital market accelerates growth by providing ,relatively long term capital - debt and equity finance – for government and corporateRead MoreIntellectual Capital And Corporate Performance In Nigeria1690 Words   |  7 PagesINTELLECTUAL CAPITAL AND CORPORATE PERFORMANCE IN NIGERIA BANKS Dr.Egungwu, Ikenna Banking Finance Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ikennaegungwu@yahoo.com Egungwu, Ngozi Ursula Accountancy Department, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria E-mail: ngoziegungwu@yahoo.com Abstract This study is on the interaction between corporate performance variables and Intellectual capitalRead MoreWhat Are The Impact Of Human Capital Accounting On ShareholdersValue Of Oil And Gas Companies?1405 Words   |  6 PagesHUMAN CAPITAL ACCOUNTING AND SHAREHOLDERS’ VALUE OF LISTED OIL AND GAS COMPANIES IN NIGERIA Abstract This study evaluated the effect of human capital accounting on shareholders’ value in oil and gas companies in Nigeria. This is with a view to providing information on how costs incurred on personnel could be identified, measured and disclosed on the statement of financial position of companies as an asset which is the key factor to the successful operation in oil and gas industry. The study madeRead MoreEssay On Corporate Governance1029 Words   |  5 PagesThis was adhered to by a comparable code by the Central Bank of Nigeria in 2000 (CBN, 2006) to deal with corporate governance practices in Nigerian financial institutions. Nevertheless, lessons from the corporate collapses and also losses in the last couple of years with respect relative to banks like Intercontinental Bank Plc, Bank PHB Plc, Societe General Bank, Afri-Bank Plc as well as Oceanic Bank Plc have actually highlighted the function, corporate governance techniques could play in keeping

Marketing Research Case Study Essay Sample free essay sample

The market for women’s hair shampoos has become extremely specialised and segmented. In recent old ages a big figure of particular purpose shampoos have appeared on the market. each promising to supply assorted hair attention benefits to the possible user. The Syd Company is diversified maker of consumer packaged goods. At this clip the house has no women’s shampoo in its merchandise line. The company’s selling research forces met late with a little research house. FC Associates. and discussed the possibility of survey of immature female grownups populating in Bombay. The Syd company had established—through a series of late completed interviews with a little group of adult females consumers—that â€Å"body† ( seemingly implying hair thickness or comprehensiveness ) in a hair shampoo was often mentioned as a coveted feature. Armed with this instead unelaborated information refering the desirableness of â€Å"body† in a shampoo. the firm’s research lab forces had set to work on developing some archetypal compounds that appeared potentially capable of presenting this characteristic to a greater extent than trade names presently in the market. During the initial conversation between Syd and FC Associates. the undermentioned managerial jobs came to the visible radiation: 1. Assuming that research lab forces could bring forth a women’s shampoo with superior â€Å"body† . is the market for this merchandise big plenty to warrant its commercialisation? 2. What benefits in add-on to â€Å"body† should be incorporated into the new shampoo? 3. What are the characteristics—product use. hair type. demographics—of people who are peculiarly attracted to a shampoo with â€Å"body† ? ( Knowledge of these features would be desirable in specifying the mark section for the new product. ) 4. How would the construct of â€Å"body† in shampoo be communicated ; what does the consumer mean by â€Å"body’ in shampoo? ( Knowledge of the intensions of â€Å"body† would be valuable in design of promotional messages and point of purchase materials. ) Since Syd had no entry in the shampoo market. the company had small to travel on in the manner of secondary beginnings of information. While assorted market statistics could be obtained for the bing trade names. the house was chiefly interested in features appropriate for a comparatively new construct in the market place—a shampoo that emphasized â€Å"body† . PROBLEM STRUCTURING Although formal statistical determination analysis was non applied in this instance. it became evident that the house faced three primary classs of action: 1. Continue the proficient development of a new shampoo that delivers the consumer benefit: â€Å"body† . 2. End proficient development related to this characteristic and exchange attempts to some other shampoo benefit. 3. Discontinue all the attempts in women’s shampoo merchandises. Continuance of proficient development on â€Å"body† . in bend. is based on two considerations: 1. that new merchandise can be developed successfully from a proficient point of view 2. And that the new merchandise can be sold in sufficient measures to warrant future development spendings. start-up disbursal. on-going production and selling costs. plus gaining an appropriate return on invested financess. Informal analysis indicated a high chance of proficient success during the resulting 12 months with comparatively modest extra spendings in proficient resources. The major job appeared to be one of market potential—more specifically. whether a mark section of sufficient size was available to justify proficient development and eventual commercialisation. Cost AND VALUE OF MARKETING RESEARCH Current uncertainnesss about the possible demand for the new merchandise suggested the desirableness of carry oning selling research beyond the preliminary consumer group interviews that had been late conducted by the house. Crude estimations of the cost versus value of extra information ( including such facets as the costs of go oning proficient development and start-up. the chance of proficient and selling ‘success† . and likelihood that study consequences would right place the appropriate province of nature ) clearly indicated the advisability of farther selling research. The job was non whether marketing research could be justified—the quickest and crudest estimations demonstrated its possible value—but instead. what sort of research should be done that seemed more likely to reply management’s inquiries. Indeed the chief intent of marketing personnel’s visit to FC Associates was to discourse an exploratory survey that could be helpful in pl aning the chief survey that would finally be conducted on national footing. chance based sample. What should be the chief survey screen? How could management’s inquiries be translated into a research design? What extra inquiries should be raised? Agreement was reached that FC would make the exploratory survey. RESEARCH DESIGN Given the explorative character of the research. inquiry of equal sample size and representative cape were non of primary importance. What was germane to the pilot research was the demand for FC to interpret management’s inquiry into operational footings and. in the procedure. to develop extra inquiries of relevancy to the design of the chief piece of the research that would be undertaken after the pilot consequences were analyzed. The chief focal point of the explorative research was to be on shampoobenefits. In the class of carry oning preliminary consumer group interviews the client’s selling research forces had assembled a list of about 30 benefits that either had been advertised or were thought by at least some consumers to be relevant in the pick of a hair shampoo. Not surprisingly. many of the benefit description were excess ; hence. the first measure was to pare down the list to a smaller set. The tabular array 1 shows the 16 benefits that emerged from the culling procedure. The preliminary research seemed to bespeak that the first 10 benefits were likely the most of import of the 16. Table: 1 THE LIST OF HAIR SHAMPOO BENEFITS USED IN QUESTIONNAIRE 1. Hair stay clean a long clip2. Hair stays free of dandruff or flaking3. Hair that looks feels natural4. Hair that has a organic structure5. Manageable hair that goes where you want it6. Hair with shininess or lustre7. Hair with no split ends8. Hair with adequate protein9. Hair that doesn’t acquire oily fast10. Hair that’s non excessively dry11. Hair with comprehensiveness12. Hair that’s non frizzy13. Hair that holds a set14. Hair with a texture15. Hair that’s easy to comb when it dries16. Hair that looks free and insouciant Indeed the preliminary research suggested that the first six benefits likely constituted the â€Å"CORE SET†Ã¢â‚¬â€ i. e. . those benefits of truly primary importance to consumer pick. A 2nd affair of importance concerned the nature of respondents to be interviewed. The study’s patron suggested a purposive sample of immature female adults—aged 18 through 30— with an approximative 60-40 split between married and individual. Merely the consumers who shampooed their hair at least twice a month. on the norm. were to be interviewed. In brief. the sample was to be aimed at a specific age group of comparatively active users of shampoo. KEY RESEARCH QUESTIONS Given the accent placed on merchandise benefit penchants. peculiarly the benefit of â€Å"body† . a figure of accessory research inquiries were developed from the preliminary 1s indicated by the client: 1. How do consumers of hair shampoo perceive assorted benefits as normally ( or seldom ) available in shampoos presently on the market? 2. Given the freedom to do up her ain †ideal† shampoo. what â€Å"bundles† of benefits do consumers desire? Specifically. how frequently is â€Å"body† included in their ideal benefit packages? 3. Assuming that a consumer desired and could acquire a shampoo that delivered â€Å"body. † what other benefits are besides desired in the same trade name? 4. What is conjured up by the phrase â€Å"shampoo body† and its assorted connotations—that is. what words are elicited on a free association footing? 5. How do penchants for â€Å"body† in the shampoo relate to a. Frequency of hair shampooing ( i. e. . heavy vs. light users of shampoos ) ? B. Percept of its handiness in current shampoos? c. Preference to other benefits in add-on to â€Å"body’ ? d. Hair physiology and have oning manner? e. Demographics ( i. e. . age. matrimonial position. instruction etc. ) ? These inquiries set the phase for FC Associates to develop the questionnaire. Administration The questionnaire was first pre-tested. Following this. the questionnaire was administered on a personal. in-the-home footing by the interviewers. The respondents were drawn from the metropolis on a purposive footing. Interview clip averaged approximately half an hr ; all informations were collected over a span of one hebdomad. Assume that you are the R A ; D director for the SYD Company: a. How would you knock the survey in footings of its utility to you? b. If you had the chance to plan the pilot undertaking from your point of view. what inquiries would you like to include in the questionnaire?

Othello And Iago Essays - Othello, Fiction, Film,

Othello And Iago One of the most interesting and exotic characters in the tragic play " Othello", by William Shakespeare, is "honest" Iago. At first Iago seems to be motiveless. However, the motivation behind his actions lie more in Iago's quest for personal gain, as opposed to just being evil for evil's sake. Iago's greediness can be validated by examining his manipulation of Roderigo, Cassio, and most importantly, Othello. Iago's main interest is the destruction of Othello. The reason being that Othello has chosen another man, Cassio, as his second-in-command, preferring him to Iago. This resentment, accompanied by Iago's accusations of adultery and his blatant racism, cause Iago to despise the kindly moor. Because Iago is much too smart to immediately kill Othello, he proceeds with the arduous process of dismantling him emotionally. Iago also knows he must distance himself from any part of this, so he cleverly gets someone to do his dirty work. The first to fall victim to Iago's manipulation is half-witted Roderigo. Iago knows Roderigo is consumed by lust for Desdemona, and would do what it takes to make her his own. Iago tells Roderigo that the only way to win Desdemona's love is to make money to procure gifts for her. "Put money in thy purse..."(act I scene 3 line 339). However Iago is just taking those gifts intended for Desdemona and keeping them for himself, and making a profit. Roderigo eventually starts to question Iago's honesty. When faced with the accusations, Iago simply offers that the killing of Cassio will aid in his cause and Roderigo falls for it. In doing this, Iago keeps Roderigo in the dark and continues to profit from him monetarily. Roderigo is also used as a device in both Cassio and Othello's downfall. Iago's actions demonstrate his monetary and power based motivations, invalidating the claim that Iago is evil for evil's sake. Cassio like Roderigo follows Iago blindly, thinking the whole time that Iago is trying to aid him, when in fact Iago, motivated by his lust for power, is attempting to remove Cassio of his position as lieutenant. With Roderigo's help Iago causes Cassio to forfeit his position as Othello's second-in-command. Cassio is also used to bring out the monster inside of Othello. In Iago's exploitation of Cassio, it is clear to see that, although evil in his deeds, Iago is strictly motivated by his hunger for power. As mentioned earlier, Iago's main intention lies in the degradation of Othello. Iago feels that he was best suited to hold the position of lieutenant, as opposed to Michael Cassio. From this Iago manufactures accusations of adultery, claiming that Othello has slept with his wife, Emilia. "...Twixt my sheets/ he's done my office."(Act I scene 3 line 380) These accusations are merely excuses to validate his own pleasant acts and greed, and should be seen as nothing more. Again it's plain to see that, in Iago's deception of Othello he is motivated by his jealousy and subsequent bitterness. In conclusion, it's evident that Iago is evil for greed's sake, as opposed to evil for evil's sake. His craving can be seen in his clever manipulation of Roderigo, Cassio, and Othello. He uses Roderigo for his own financial benefit, as well as support his master plan; the destruction of Othello. Cassio was unfortunate enough to be chosen ahead of Iago as Othello's second-in-command, and was reduced to a deteriorated state by Iago because of it. Lastly, driven by his bitterness towards Othello for choosing Cassio over him, Iago takes it upon himself to ensure Othello's demise. Iago is an extremely complex character, and far from ordinary. His complexity and uniqueness makes him one of Shakespeare's greatest villains.