Tuesday, February 18, 2020

I am a new manager for a failing division in a company Assignment

I am a new manager for a failing division in a company - Assignment Example To optimize the utility of the human capital asset business organizations must have effective communication among its employees. An important goal of all business entities is to maximize shareholder’s wealth. Introduction Sometimes organizations have business divisions that struggle. These divisions fail because of operational problems that are inhibiting the division from becoming efficient. Some of the problems the organization faces are outdated product lines, loss of market share, adversarial interdepartmental communication, and fierce competition for corporate funding. This paper discusses the main problems the organization is facing. Organizational structures are discussed in order to select the optimum organizational structure for the company. Suggestions are provided to help the transitional process between the old and new organizational structure. 1. The consumer marketplace has become extremely competitive due to the globalization movement. Corporations must use inno vation to achieve success since it is imperative to differentiate your product to stand out from the competition. Outdated product lines are a problem that can devastate a company. For instance during the past two decades the American car industry was not able to compete with Japanese manufacturers because the car models the Big Three were offering were outdated based on the consumer needs. The higher fuel prices increased the demand for fuel efficient vehicles. Outdated product lines are not attractive items. The sales of the corporation will decrease as a consequence of outdated product lines. Adversarial communication is an undesirable organizational problem. The employees of a company must display good communication skills when dealing with internal and external stakeholders. Three important stakeholder groups are employees, investors, and lenders (Tutor2u, 2011). Tensions associated with communication can hurt employee morale and reduce productivity. The resources of an organiz ation should be shared among the different profit centers. Fierce competition for funding is a problem because it can increase the interest costs to obtain capital. Under those conditions many small businesses are denied access to credit. Battle over the resources of a firm can lead to conflict. 2. There are different types of organizational structures that companies can use to run a business. Five types of organizational structures are matrix, functional, product, customer, and geographic (Patricia, 2002). Matrix organizations utilize teamwork and group projects a lot. Functional organizations are the most often utilized business structure. The customer structure is used by small firms that have a short list of customers where each customer generates the company a lot of money. The company has to change its organizational structure and fix its internal problems. I think that due to the lack of innovation demonstrated by the firm the best option is to choose a matrix organizational structure. 3. The old company must perform a complete overhaul. All the old divisions are going to be dissolved. The old divisional managers will become project managers. A new breed of managers will be recruited to lead new team formations. An emphasis will be place on R&D projects to create new ideas for new products and services. The old communication hurdles and employee conflicts will not impact the firm as much since the matrix structure will give the firm new life. 4. The external

Monday, February 3, 2020

Make a report of the study case Essay Example | Topics and Well Written Essays - 2500 words

Make a report of the study case - Essay Example To evaluate and analyse this aspect of the company’s position, certain financial ratios have also been used in the report. The greatest internal risk faced by the company is the declining of profit over the last financial year, if this trends continue to take place, the company will be generating no more funds for investment and even there would be left nothing in the company to be transferred to the shareholders in the form of dividends or earnings per share. The company also confronts with the risk of losing all its business because of the costs incurred during the production and distribution of goods, and also the other operating expenses incurred during the year. According to Wells and Nieuwenhuis (2001), the automotive industry in UK has been highly saturated and the companies need to face great competition from other companies in the same industry. Hence, there is a high risk of increasing competition. Wells and Nieuwenhuis (2001) further specify that the competition is not the only risk a company has to confront with, there are certain other factors that increase the risk of doing business in UK automotive industry. These factors are globalisation, consolidation, and continuous innovations in the technology. Bordenave and Lung (1996) says that the most important risk a company faces in the automotive industry in UK is due to the increasing outsourcing activities on the part of the manufacturers. Therefore, a geographical risk arises in such a situation where supplier and manufacturer are from geographically distant and different places. Analysing the profitability of Buzzard Ltd lies in assessing the company’s profit with respect to various other items from income statement and balance sheet. This can be done with the help of the following ratios: The Gross Profit ratio analyses the company’s profit margin before accounting for various operating costs (Mcmenamin Jim,

Sunday, January 26, 2020

Indias Manufacturing Sector Policy Framework

Indias Manufacturing Sector Policy Framework CHAPTER 1: INTRODUCTION On August 15, 2014, Prime Minister NarendraModi, in his maiden Independence Day speech, reached out to companies around the world to ‘Come, Make in India’. He further said ‘Sell in any country of the world but manufacture here. We have got skill, talent, discipline, and determination to do something’. The key features under ‘Make in India’ Cut red Tapism Spurforeign INVESTMENT Better skill up gradation Zero-defect products with Zero- (negative) effect on environment Innovation Enhance skill development Protect intellectual property Built best in class infrastructure According to MrNarendraModi, we Indians should take FDI as ‘ First Develop India’ and the global investors should consider it as ‘Foreign Direct Investment’ Making India a manufacturing hub The Government has identified 25 key sectors in which the country has the potential of becoming world leader some of them these include: .chemicals, automobiles, pharmaceuticals, textiles, ports, leather hospitality mining, bio-technology etc etc, . The new government has taken up certain initiatives to brace the manufacturing sector in particular, some of which are- Applying for Industrial License and Industrial Entrepreneur Memorandum has been made online e-Biz website De-Licensing has been done on number of Defence items Industrial license validity has been extended to three years The Government has now decided to amend a number of labour laws in order to provide flexibility in working hours and increase intake of apprentices for job training To simplify the regulatory environment an Advisory has been sent to all departmentswhich includes- filing of all returns in a unified form online No inspection will take place without the approval of the Head of the Department CHAPTER 2: POLICIES TAKEN UP BY THE GOVERNMENT ‘Make in India’ has focused on the development of 25 sectors out of which some are as follows:- AUTOMOBILES: 100% FDI is allowed through automatic route subject to all the applicable laws and regulations. Imports are exempted from licensing and approvals. Offering rebate on RD expenditure in order to encourage RD. INFORMATION TECHNOLOGY: To make business easier new measures are helping reduce complexity, accelerate speed and transperancy Validity of Industrial license has been extended up to three years Maintenance of the registers by the business has to be replaced with a single electronic register LEATHER: Major emphasis has been given to skill development through Indian Leather Development Program Training has been imparted to 51,216 youth in the last 100 days Further planning has been done to train 1,44,000 youth per annum For augmentation of training infrastructure, funds have been released for establishment of 4 new branches of Footwear Design and Development Institute in Hyderabad, Patna, Punjab and Gujarat. CONSTRUCTION: Live Project taken up by the Government: DELHI-MUMBAI INDUSTRIAL CORRIDOR (DMIC) The objective of this project is to increase the share in the GDP of the manufacturing sector of our country and to create smart. The plan is to develop cities and residential townships along the Dedicated Railway Freight Corridor (DFC). The aim of the program is to create a world-class infrastructure, good convenient public transport, power management and an efficient water management system.. Around Twenty four manufacturing cities are engaged in the project. In the first phase of the plan, seven cities have been developed each in the states of Uttar Pradesh, Madhya Pradesh and Gujarat, Haryana, Rajasthan, and two in Maharashtra. These cities will provide vast opportunities for the investors internationally and domestically. The initial phase will be completed by 2019.New DMIC Cities will help meet pressure of urbanization and will take India towards economic growth in the next 20 -30 years. The project aims at double employment potential, triple industrial output and exports in the next seven to nine years. KEY SUSTAINABLE DEVELOPMENT CONCEPTS UNDER THE PROJECT- Recycling and reuse of solid waste and water. Use of renewable leading to energy sufficiency Conservation of sensitive natural environment . Transformation of existing villages into smart cities CHAPTER 3: SCHEME ANALYSIS AND RECOMMENDATION HURDLES ARISING IN THE WAY OF THE SCHEME The term ‘extremely progressive’ for the Make In India campaign would not only help in making india a manufacturing hub but also make economic growth more inclusive. But for the campaign to succeed, hurdles like environmental clearances, infrastructure bottlenecks and unfriendly tax regimes are important to be removed in order to create a clear leveled field for the manufacturing in the country. other than these certain other points like: Energy shortages Skilled resources Trained workers Skilled professionals Land problems Ambiguous tax laws Excessively complicated labor laws Have kept a large scale of private investors away from investing. The lack of cooperation between the state and the federal governments is another reason as to why investors have lost faith. A lot of suppliers as well as auto manufacturers face problems in completing paperwork’s and in the obtaining of business permits required for acquisition of business property. Complicated processes like acquiring of a plant or construction permits has caused various hindrances and therefore making it more inconvenient for the businessmen The very complicated irregular network of the domestic tax system that varies from state to state has taken away the ease of operating business in India and are therefore impending investments in India. CORRECTIVE MEASURES TO MAKE THE SCHEME SUCCESSFUL For a long time india was more dependent on the service sector which made it neglect the manufacturing sector to a great extent. The Make In India scheme is a welcoming move in this context. It will help india gain momentum to become the manufacturing powerhouse.This scheme will enhance the employment opportunities.it will provide various employements to the large pool of the young workers who join in the labour force every year. their employment will generate income which will then increase the purchasing power and the demands on the other hand for the manufactured goods The campaign will ensure stronger bilateral ties among the continents and the countries as it highlights global vision. It will mutually benefit the countries in global exchange of the expertise and talents. But in order to achieve this certain changes have to be made and are necessary. They are as under In order to boost the manufacturing sector of the country through this scheme the supply base of component and the material needs to be improved, acceleration in demand .challenges like provision of skilled manpower , removal of regulatory and procedural formalities , infrastructe development also have to be over powered. A fair and a more sorted out tax system is the immediate need for the successful implementation of the campaign. It is important to create a business friendly environment where it is important to gain the trust and the confidence of the investors It is important to bring labour reforms through skilling, which will bring more efficiency in the manufacturing process as a whole. The right execution of the project is of great importance at the state level itself. states will have to reform the laws even at the lower levels and facilitate implementation of policies and plans taken up by the centre. CHAPTER 4: CONCLUSION Make in India campaign is a Lions step towards making the country a destination for global manufacturing.‘ Modi Governments push for manufacturing sector in India is a laudable idea especially during the time when a number of big companies are finding an alternative to China due to its increasing cost Manufacturing offers a better way to employ millions of workers , providing a stable source of foreign currency, and create a smooth and a reliable path for development. Manufacturing will enhance countrys macro-economicstability besides creating jobs.. Better infrastructure and easier regulations, especially around labour, will help propel manufacturing, The timing is perfect for India. Labour costs are rising in China; Japanese firms are shifting production from China because of military tensions; and the rupee has fallen, making Indian workers more competitive. According to what we have researched, we think that it will be a great success as projects like these are needed today and any such step can surely bring success and development in our economy. The Make in India policy will act as a first reference point on aspects of regulatory and policy issues for the foreign investors and assist them in obtaining regulatory clearances. Now sooner the Competitiveness of manufacturing will now be removed but India will become one of the most competitive manufacturing countries in the world. Mr. Modi is working hard towards this project and is dedicated enough to take it through. He has built a certain kind of trust and confidence in people’s mind which can further encourage him to make this project a success. Modi has sought to inject a new optimism among the businesses and assured them that the investors will be treated with a lot of trust. India is becoming accustomed to Modi’s symbolic gestures. He has established himself as a tough politician who expects ministers and bureaucrats to turn up for work on time, and actually take decisions, and keep files moving, so that these policies turns out into action. Clearly a man on a mission to make India work, he also wants to make the world realise it’s happening. Sitting at his desk in Gujarat, Mr Modi said that when he first took charge of the state’s economy, â€Å"I thought: the sky is the limit.† A similar ambition today would serve India well.

Saturday, January 18, 2020

African Slavery

The following essay will describe the historical case study of African Slavery and also the basic human rights that were exploited from the African people between the 17th and 19th centuries. For five centuries Europeans went to Africa, took people by force then sold them to other European people in their countries. The Africans were captured in warfare or raids and loaded onto ships that traveled mostly over the Atlantic Ocean. They were forced to work as slaves to break the land and to labour on sugar, tobacco, coffee and cotton plantations. The slaves were kept chained together in the ship’s hold. They were put in very fine spaces and unable to move about. Disease was common aboard the ship in the unhealthy conditions where people were unable to go to the toilet. When slaves died they remained chained up until the crew took them away. Many Africans committed suicide instead of facing the brutal life as a slave. Most Africans captured this way were taken to the Americas. Africans that knew each other or spoke the same language were split up and all given European names. It was sheer luck whether the slave would be bought by a kind or a cruel master. They were either placed in the harsh work of a field slave or as a household slave doing the easier tasks. The younger the slave was the more money he or she would cost. They worked from dawn till dark and some would die from exhaustion. The women would sometimes have abortions or kill their babies to prevent their child from suffering the life of a slave. In the southern states, plantation owners explained to their slaves that they were free. Many chose to stay with their masters and work as paid labourers. Back then freedom did not mean equality or fair treatment so blacks kept fighting for human rights but struggled. Europeans quickly made laws that restricted and controlled the lives of black people and made necessary another century of struggle for civil rights. Slavery ended in 1838 by the British who had made it illegal. Human rights back then compared to nowadays is changed dramatically for the better and we need to appreciate that.

Friday, January 10, 2020

American Industrial Worker

Andrea October 19, 2010 A. P US HISTORY During 1865-1900 technological changes as well as labor unions had great impact on the average American industrial worker either it be positive or negatively in the sense that workers were abused and underpaid to the point where their needed to be change. Technology was advancing steadily and new inventions were being introduced to industry at a rapid pace. With that, a new breed of machines used for manufacturing would be operated by the American worker thus creating tension with workers and employers due to them not seeing eye to eye.Technological innovation created more jobs but because most machines were labor saving devices, fewer workers could produce more in less time thus having workers being paid based on time rather than the time spent on the job. This affected the American industrial worker in the sense that they could no longer decide when to begin and end the workday, when to rest and what tools and techniques to use further depriv ing the worker’s of their independence.Since machines and the assembly line were of great use they reduced the need for skilled workers causing employers to cut wage costs by hiring more women and children. Due to employers lowering wages this just caused workers to work even harder and longer just to maintain the same income further showing the abuse they endured. Labor unions were a result of the loss of independence, desire for better wages; hours and working conditions the American industrial worker were deprived of.This caused workers to unite under the same cause and fight for what they believed their deserved. Groups such as the Knights of Labor believed they could eliminate conflict between workers and employers by establishing a cooperative society in which laborers worked for themselves, not for those who possessed capital but though a great goal for workers technological and economic changes made it impossible for each worker to be his or her own employer.Most labo r unions were a failure and didn’t really achieve much for workers and strikes stirred up due to these movements which only ended badly and without gains for workers. Technological innovations as well as labor unions though interconnected greatly impacted the life of the American industrial worker. Lowered wages due to the idea of efficiency machines provided further burden on workers causing labor unions to promise better wages and working conditions though not a success the idea of wanting to help workers impacted them positively and negatively.

Thursday, January 2, 2020

Examples of Mythology Tales That Shape the Past and the...

The shock slowly wore off as the horror set in. Despite their sacrifices, despite their reverence, they had not succeeded. The supreme beings in the sky had attempted to annihilate the people that worshipped them. Regardless of their religion, regardless of their beliefs, regardless of their devotion, societies credit natural disasters to the anger of a God or gods. Life through the ages has been deeply influenced by Greek mythology, Roman mythology, and even religion today. Few survivors return to the town, their population decimated at war. Never again would they anger Ares. The poor girl, cursed forever simply for offending Aphrodite. The stories appear in nearly every decade. Mythological beings are often blamed for the downfalls of mortals. A human king locks away his daughter in fear of a potential son. However, when he frees her, he finds her holding an infant boy, supposedly a godling. The daughter is expelled from the kingdom in which she grows up, sent to die on a small raf t in the ocean. The horrible king is shocked when the young girl survives. As it always does, the prophecy he fears comes true, â€Å"She led him to one of the stone figures. A bearded old man wearing a crown. ‘Who is that?’ ‘Your grandfather, Acrisius†¦Ã¢â‚¬  (Evslin 132). A young woman declares herself to be more beautiful than Aphrodite. Enraged, the goddess curses the queen, forcing her to fall in love with her husband’s prize bull. The queen blames the entire ordeal on the goddess of love, â€Å"He had noShow MoreRelatedThe Importance of Greek Mythology1650 Words   |  7 Pagesimportance of Greek mythology Today, the ancient Greek myths still fascinate readers throughout the world. There are thousands of books written about the importance of Greek mythology in the formation of modern-time societies. There are hundreds of movies created about the adventures of Greek heroes. 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Fairy tales in general have certain focuses such as the role of women in societyRead More Shakespeare’s Use of Ovids Metamorphoses and Virgils Aeneid as Basis for The Tempest3769 Words   |  16 Pagesor mythology in order to write his own works. Romeo and Juliet, for example, can be compared to the tragedy of Pyramus and Thisby. Plays such as Richard III and Julius Caesar are artistic accounts of historic events. The Tempest, however, is commonly perceived as an original story. Many critics feel that this was the only story of his that was entirely created by Shakespeare. This is not the case. In fact, there are several sources from which he very much drew inspiration for this tale. Shakespeare

Wednesday, December 25, 2019

Nature Vs. Society A Timeless Discrepancy - 1626 Words

Nature vs. Society: a Timeless Discrepancy Research has proven that different environments can impact our bodies in different ways. What one sees, hears, and experiences can significantly alter their mood. In an unpleasant environment, one will feel stressed, sad and tired. A positive environment, such as nature, can completely reverse those emotions. Regardless of one s background, culture or age, humans find nature to be pleasing. It has been proven that exposure to nature makes one feel better both physically and emotionally. It helps us cope with pain, and can make a person s mood turn from stressed, sad, and anxious to balanced and calm. The experience one has when in nature can be demonstrated by an experiment performed with an fMRI to examine brain activity. When participants in the experiment viewed scenes of society and urban areas, parts of the brain associated with fear and anxiety were activated. However, when one viewed scenes of nature and wilderness, parts of the brain associated with empathy and love lit up. This study mirrors Hawthorne s view of society and nature in his deft and timeless novel, The Scarlet Letter. Nathaniel Hawthorne, master of the symbolic tale, illustrates nature as a romantic, emotional, and liberating force which castigates the sinful and corrupt Puritan way of living. He creates his characters to further exemplify the discrepancy between the immoral Puritan society and the sanctity of nature, portraying that one can find joy andShow MoreRelatedEmma and Clueless Notes2482 Words   |  10 PagesEmma/Clueless speech Draft thesis: The ideas of appearance vs reality, development of maturity and love are ideas explored through techniques, Appearance vs reality -blindness to truth Emma | Clueless | * Manipulating reality to suit perception of it * Resulting self-deception, confusion, misunderstanding * Dramatic irony empowering us to see through human flaws and social failings of Emma. This often has unexpected results:-Mr Elton’s proposal â€Å"she could have been so deceived...sheRead MoreAgency Theory Essay 329591 Words   |  119 Pageshave neither bodies to be punished, nor souls to be condemned, they therefore do as they like (from Micklethwait Wooldridge, 2003, p. 33). This negativity would seem to be based largely on principle. Adam Smith, however, in An Inquiry into the Nature and Causes of the Wealth of Nations (1776; from Hutchins translation, 1952), provided a rather practical discussion of an inherent problem attendant to joint stock companies—the consequences of owners appointing others as the stewards of their wealthRead MoreLibrary Management204752 Words   |  820 Pagestechnological climate. The virtual library concept, accompanied b y changing demographics, ethical issues, social responsibilities, and other forces, requires reexamination of how effectively and efficiently resources of a human, material, and technological nature are used. With all of these new features, the basic theme of the book remains unchanged. The book focuses upon the complex and interrelated functions common to all organizations and is intended specifically for managers and future managers of servicesRead MoreDeveloping Management Skills404131 Words   |  1617 Pages269 United Chemical Company 269 Byron vs. Thomas 271 Active Listening Exercise 272 SKILL APPLICATION 274 Activities for Communicating Supportively Suggested Assignments 274 Application Plan and Evaluation 274 274 SCORING KEYS AND COMPARISON DATA 276 Communicating Supportively 276 Scoring Key 276 Comparison Data 276 Communication Styles 276 Comparison Data 276 SKILL PRACTICE Diagnosing Problems and Fostering Understanding: United Chemical Company and Byron vs. Thomas 278 Observer’s Feedback FormRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pageseffective response can be delivered by portfolio managers and investors. The equity research of firms that create the potential for bias should be discounted or, in egregious cases, even ignored. Myth 2: A well-researched and well-done valuation is timeless The value obtained from any valuation model is affected by firm-specific as well as market-wide information. As a consequence, the value will change as new information is revealed. Given the constant flow of information into financial markets, a