International Business Case Study - 1558 Words

1. What is international business? An international business is the exchange of goods and services with business or individuals in different countries all over the world. 2. Explain the 5 benefits that international trade offers to businesses? The 5 benefits that international trade offers to businesses are: Access to the Market - It’s when most business depend on international trade for their economic survival. Most countries usually have a larger international market then domestic market. Sometimes larger markets don’t always convert into big sales. Other times, certain countries companies have trouble adapting their products to several different types of markets because consumers that buy the item or contribute to the service have†¦show more content†¦3. Describe the 5 P’s of international business. The 5 P’s of international business are: Product – Basically, the product of international business is what you are selling to your target audience to buy your item. A resource in a country determines what goods and services it can produce. Price – The price is what you’re going to set for a certain product or service. It can be adjusted to the price of the product or service according to where you are. Proximity - The proximity of international business is if it can be more profitable to sell products or services to consumers in neighbouring or domestic countries. Preference – The preference of international business depends on consumers. Consumers may want to buy foreign goods or services over domestic brands, because of their specialization and reputation. Promotion – According to nowadays, the time technology makes it easier to advertise products and provide services internationally. 4. Explain the 5 barriers to international business. The 5 barriers to international business are: Tariffs- They’re a form of tax on certain types of imports. They are based on a percentage-of-value basis or on some specific basses. This is very important for any government while managing trade with other nations. This is a barrier to trade between certain countries r in geographical areas. Non-tariff barriers - Non-tariff barriers areShow MoreRelatedInternational Business Case Study2274 Words   |  10 PagesInternational Business Case Study Sun Life Financial and Indian Economic Surge How is the Insurance market in India changing? Why is India an attractive market for investment? The insurance market in India has undergone significant changes over the past few years The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalized on January 19, 1956, through theRead MoreInternational Business Case Study7015 Words   |  29 PagesAssociation of Business Executives QCF International Business Case Study Fiat Automobiles S.p.A Tuesday 4 June 2013, Afternoon This is an open-book examination, and you may consult any previously prepared written material or texts during the examination. Only answers that are written during the examination in the answer book supplied by the examination centre will be marked. 6IBCS0613  © ABE 2013 J/601/2793 Notes l As in real life, anomalies may be found in this Case Study. PleaseRead MoreInternational Business Case Study934 Words   |  4 Pagescontaining vitamins and minerals which can prevent heart disease, obesity and dental problems. 2. What, if anything, can Western countries do to help improve the political climate for doing business in Vietnam? Give examples. a. By continuing and growing their exports, this can help to improve business in Vietnam. After the Vietnam war Vietnam became communist in 1975. Even though a lot has changed since then, Vietnam continues to be a communist country today. The politic framework in VietnamRead MoreUber International Business Case Study1471 Words   |  6 PagesUber is an international mobile application (‘app’) available on operating systems such as iOS and Android. It uses several technology developments such as geographical tracking and payments processed through their mobile app as opposed to cash in hand payments like traditional taxi cabs. These developments match Uber drivers with customers either individually or using ride-sharing depending on their needs. This is a report that will be based on the research and findings of the case study on Uber UKRead MoreCase Study: International Business and Globalization605 Words   |  2 PagesSubject - International Business/Globalization Case Study - Matsushita and Japans Changing Culture Question - How did traditional Japanese culture benefit Matsushita during the 1950s to 1980s? Matsushita, a giant Japanese electronics company, was founded in 1918. Its work largely lay in its supplying Japan with radio equipment and other appliances. Traditional Japanese culture benefitted Matsushita during the 1950s to 1980s by creating a close and dedicated relationship between the companyRead MoreInternational Business Case Study Essay1164 Words   |  5 PagesThe Problem Within This Situation It is this impact upon Krom Bop-A-Lee’s psyche which serves as the primary problem in this particular situation. 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My revenue model recommendations would amount to a profitRead MoreGreece International Business Case Study1200 Words   |  5 PagesGreece’s International Business Greece  achieved  independence from the Ottoman Empire in 1830.  all through  the second  half  of the  10th  century and the first  half of  the 20th century, it  step by step  delivered  neighboring islands and territories,  most  with Greek-talking  populations. In  world  struggle  II, Greece  become  first invaded  by  Italy (1940) and  in the end occupied  with the aid of  Germany (1941) combating  continued  in a long  civil  warfare  between supporters of the king and  different  anti-communistRead MoreInternational Business Programs Case Study834 Words   |  4 Pageswant to get connected with the international programs, they can do so, by learning who the faculty and staff are. There are numerous of faculty and staff members on the international programs. Some of them include Brad Bodenhausen, a director of international leadership and training center, Yi Winnie Wu, a assistant program specialist, Jinzi Fan , a program specialist in the international leadership and training center, Kelly Cabrera, a coordinator in the international leadership and training centerRead MoreInternational Business Case Study on Boeing4493 Words   |  18 PagesPolitical and Legal Strategic trade theory / strategic trade policies The political and legal aspect is especially crucial to conducting a business on an international level. Firms involved in global business must be familiar with and obey not only the laws of their home country, but also the local laws of each country in which they do business, and international laws. From a different perspective, governments may also utilize different regulations, such as exchange rates, interest rates, taxation

Effects Of Social Networking On College Grades - 1069 Words

I. Introduction – Cigarettes and alcohol are not the only items that people can be addicted to. Some people can be addicted to gambling or exercising. Others can be addicted to social networking. The pros of social networking and the entertainment value is outweighed by the cons. Social networking is fun but it can be harmful and addictive. People have always needed to communicate. Texting, face time, social networking are new convenient ways to communicate. These new forms of communication are not perfect and can have bad effects on the user. Social networking is a distraction that negatively impacts social skills, grammar, and test grades of youth. II. Social networking has negative effects such as bad grammar that will affect college grades (Ives). Students that use social networking have problems with grammar and spelling (Ives). Social networking is responsible and for bad spelling and grammar. Social networking is addictive and the people who use it receive insufficient grammar as a result. Spelling has an equally important effect. Spelling is an easy way to see the brain power of an individual. Spelling is very important in high school and college as well as your whole life. Additionally spelling affects the quality someone’s school years. Grammar will directly affect the outcome of grades in school and in college. Good grammar is a sign of professionalism. Bad spelling due to texting and social networking has been linked to low college entrance exam scores (Ives).IfShow MoreRelatedEffects of Social Networking on Undergraduate Student’s Grades1550 Words   |  7 PagesIntroduction Social networking has made its way into American culture quickly and is more prevalent now than ever before. Many people have different views on the relevance and benefits of social networking, whether they are positive or negative standpoints. 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Thanks to the ivention of social media, youngRead MoreAnnotated Bibliography1438 Words   |  6 PagesKainth Sheridan College Professor: Chrisoula Benak Date: Friday, March 15th. 2013 Jung, Brain. â€Å"The Negative Effect of Social Media on Society and Individuals | Chron.com. Small Business - Chron.com. Retrieved March 15 2013 lt;http://smallbusiness.chron.com/negative-effect-social-media-society-individuals-27617.htmlgt;. This is an article which talks about how the social networking system, although looks really great is in the same way has a negative effect in the societyRead MoreLiterature Review : A Research Essay1741 Words   |  7 PagesDevelopments and Social Networking Sites When Hartshorne, Ajjan, and Cao (2016) conducted their study, they observed that there has been a significant increase in the number of social networking websites today. 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Supply Chain Management of Grocery Gateway-myassignmenthelp.Com

Questions: 1.Is the Grocery Gateway business model sustainable? How does it compare to the approaches used by other Companies in this Industry, such as Tesco? 2.How much money is at Stake? How about when sales reach 5,000 deliveries per day? 3.What is the capacity of Grocery Gateways delivery operations? How many trucks will it need to handle 5,000 orders per day? 4.What information might be useful to collect over the next few days as part of your analysis? Answers: 1.Grocery Gateway history Grocery Gateway was founded in 1997 and Longo Brothers Fruit Market Inc. operates it. This company is the pioneer in this online shopping of grocery business and a market leader. It offers 7500 grocery items as of now in its website including dry goods health and beauty products, frozen foods and wine and beer, fresh meats produce and organic products (Grocerygateway.com, 2017). Grocery Gateways fleet of delivery vehicles has 15000 active customers and 125,000 registered customer. It takes 90 minutes delivery windows ordering in the time, from 6:30 am to 10:30 pm. Their strong point of sale is the website GroceryGateway.com. Orders can be changed at 14 hours prior to delivery. The business process The products are priced competitively and customers are expected to order at least 60$ and pay eight$ as a delivery fee. On a peak season, the company would get 1500 orders and there average value would be $135(Grocerygateway.com, 2017) The main objective of the company is aimed at providing low cost and high service based on excellent execution of service. It has secured an investment of 103 million dollars form venturing and private sector financing (Bowersox, Closs and Cooper 2012). Information system and GGI business processes Grocery Gateway was built on efficient online presence of their business such as demo of online shopping, getting started tutorials and email customer support, which attracted the customers to experience at least once of their product (Osterwalder 2012). Grocery Gateways website is fully loaded with electronic commerce functionality (Osterwalder and Pigneur 2012). The consumers are allowed to find grocery items and see picture and description of products and their prices, select cart (known as shopping basket) and check out the items for delivery (Bowersox, Closs and Cooper 2012). Website and applications are tightly integrated with the functions (Fleet 2012). The Descartess system software has taken the whole Enterprise resource Planning software to a new level of functionality (McDermott and Payvision 2015). Logistics software as a service This supply chain business is all about the flexibility and ease of use programs. The interface must be usable to all party handling the software. Descartess provide combination of high valued routing, planning, tracking and dispatching functionality (Brock 2012). The outsourced routing service is also provided to the company by the routing consulting section. The static and dynamic route programs are updated each day and taken into account the favourable geographic zones, time windows and physical constraints they gives the sufficient output. The interface is user friendly and the drivers do not have to be trained by customer response teams. Descartess visibility routing solution is with real time visibility and delivery activities, which are adjusted accordingly achieves the bottom line for the company (Johnson, Christensen and Kagermann 2012). With GPS enables mobile phones the drivers are tracked and automatically updated of planned routes. GPS pings are also sent from the phone and make them aware of their next location, speed and direction. With statistics from Descartes reports, Grocery Gateway is also able to provide feedback during regular driver meetings, including highlighting high-performing individuals. Business models sustainability The structure template of the firm that includes certain points like key resources, key activities, Partners that includes suppliers and intermediaries (Osterwalder and Pigneur 2012)., customer relationship, channels, customer segments, cost and revenue structure, value proposition are the components of business model of a logistic company. The key resources of Grocery Gateway is the products they sources from grocery market and their capital invested, website and digital platforms, Information Technology infrastructure, Warehouses and human capital as employees and supporting stuff (Bowersox, Closs and Cooper 2012). The suppliers are local vendors that are associated with the company is key bargains of the company(Johnson, Christensen and Kagermann 2012).. The key activities include the everyday activities like getting online orders and carry through the orders collecting payment from buyers (Osterwalder 2012). Most of the activity is carried through the OPS and interface of the software developed by Descartes. The customer feedback suggests that the consumers are satisfied with service of Grocery Gateway (Osterwalder and Pigneur 2012).. In addition, the recent investments and expansion have caught eyes of many new customers as well as new investors (Jonsson 2 012). The value proposition model of Grocery Gateway has two basic components (Schaltegger, Ldeke-Freund and Hansen 2012). Those are competitive pricing of their products offered and time as well as direct delivery efficiency through smooth execution of their process. This business model analysis of Grocery Gateway suggests the internal operations are more than satisfactory and can sustain through the modern application oriented era (Thach Olsen and Lease 2014). Although building route density along with companys existing business routes with cost effectiveness is the key to success for Grocery Gateway and maintaining long-term sustainability (Schneid and Spieth 2013). The smart move service from Canada postal also praised their outreach program by polybagged ousterts and promotional strategy (Christopher 2016). All the three economic factors can be overcame by the mentioned company, the consumer economy, survival economy and the emerging economy (Bates et al. 2016). The pillars of sustainability of business models are redefining and reporting purpose environmental, financial and social outcome of business, stakeholders view of the firm and nature of sustainability, reinvesting and retaining the capitals (Hgevold and Svensson 2012). Business model of Grocery gateway has four main points Broken case picking Direct delivery Low cost position Time efficient The Industry of online grocery shopping Online grocery shopping scenario in Canada is to grow to sales of $3.6 billion per year by 2019, according to estimates from Forrester Research. Poologasingham, the market, currently is estimated at less than $2 billion. Canadian shoppers who say they buy groceries online spend just 4 per cent of their food budgets online, with the rest spent on goods bought in grocery stores (Islam et al. 2013). Toronto-based Grocery Gateway has been delivering to peoples homes since 1999 rather than having online orders ready for pickup at grocery stores, but it remains a niche business(Cooper and Ellram 2015).. That could be changing as Amazon increases its market share of packaged groceries in Canada, which it introduced in 2013. Online grocery shopping is not as fully developed in Canada as in other markets such as the U.K., where as many as half (48%) of consumers are online grocery shoppers and 11% do all of their grocery shopping online. According to a November 2015 report from Mintel, only 9% of 1,728 Canadian internet users said they had shopped online for groceries in the previous six months well behind categories such as clothing or footwear (43%), electronics or appliances (39%) or books/e-books (37%) (Boyer, Tomas and Frohlich 2012). The Grocery Gateway was born when the online boom started and when others where developing their business in the rise of this industry, Longo Brother have not only some years of experience but also the capital investments needed for that. The main competitors of Grocery Gateway are AMAZON Fresh, Sky-rise, Target and Wal-Mart the retailers (Langston, Clarke and Clarke 2015). This entire retailer is not directly in competition with Grocery Gateway as Wal-Mart is not active on online grocery shopping and Amazon is not making profit in the area, sky-rise presence is in Vancouver. Target does not stock vegetables. Difference with Tesco While comparing with the business model of Tesco one can see that Tesco is focused on the high valued brand and the company therefore develops its own brands like Tesco Fines and F F Clothings (Schaltegger, Ldeke-Freund and Hansen 2012). Thus it can be seen that the company focuses on quality products and wants its customer base to be from the premium sectors. Moreover, Tesco is more focused on international level market where as Grocery Gateway is focused on the business traffic of greater Toronto and mainly Canada. Tesco has opened their franchise in foreign markets like Middle East and Saudi Arabia. This foreign market of Tesco is on their high valued brand of F S. Tescos employee number are big than Grocery Gateway. Tescos employee base reaches 20,000 in the last two years. This number is certainly higher than the Grocery Gateways employee base. Tesco is mainly customer focused and aims to enrich their shopping experience (Wrigley 2015). Grocery Gateways focus is logistics execution and providing its customer valued product on competitive pricing(Thach Olsen and Lease 2014). The value proposition of Tesco is their wide variety of products and 7/24 shopping and on the go product delivery (Boyer, Tomas and Frohlich 2012). Personal shopping experience for cardholders. Both of the presence of physical store and online stores are also a value addition to Tescos as compared to its competitors (Langston, Clarke and Clarke 2015). Whereas, Grocery Gateway can only be accessed through their website and applications on android and Apple (Lee, Lee and Larsen 2012). Tesco have a mixed business model as their retail stores and online presence is equally active whereas Grocery Gateway is strictly in online business (Cooper and Ellram 2015). 2.Approximately 125,000 registered customers of Grocery Gateway ordered about 7818 orders per day having 135$ of value according to exhibit 2 in case study. Therefore average of 7818/7 = 1116.85 orders are taken per day. Then the revenue comes to 135*1116.85 = 150,775.714 dollars a days. If the orders numbers are to be escalated to 5000 orders per day it must gain 135*5000 = $ 675,000 revenue per day. One stop gains about 135$ therefore, as per company schedule the driver makes 2.7 stops per hour comes to 2.7*135 = 364.5 $ an hour, which is planned to escalate to four stops per hour. Then per hour revenue becomes 4*135 = 540$ an hour. The cost of drivers and vehicles comes to 30$ per hour. The driver gets 6.5 hours for per day shift. This comes to 6.5*2.7 = 17.55 orders per day. For delivering 1116 (approx) orders per day the number of shift is 1116/17 = 65 shifts per day. Therefore, the total variable cost of delivery comes to 8*65*30 = 15600 $.(drivers works for 8 hours a day, 6.5 hours for delivery and 90 minutes for delivery related work) In addition, the new approach includes 4 stops an hour. That is 6.5*4 = 26 orders could be delivered on 4 SPHOA program. Therefore, the variable cost of delivering 1116 orders per day is 1116/26 = 43 shifts per day, 8*43*30 = 10,320 $ This concludes that if the number of stops is increased the variable cost becomes low. The variable cost saving for 4 SPHOA is $(15600-10320) = $5280 For delivering 5000 orders per day, the number of shifts needed 5000/26 = 192 shifts (approximately). 192 shifts in 4 SPHOA program variable cost around 8*192*30 = 46,080 $. 100 drivers carry 1116 orders (approximately, if all are available at the same time). 1116/100 = 11.16 orders are carried by per drivers per day in 43 shifts (if they makes 4 stops an hour). Therefore, 5000/11 = 454 drivers are needed (to fulfil a week orders). The variable cost per hour is $30. The number of drivers needed have escalated from 100 to 454 and the truck number needs to be escalated at the same ratio. (Given the 4 SPHOA program) 3.Grocery Gateway is relocated on 2001 in Mississauga, a facility in towns view and there they have a 6225 square metre customer fulfilment centre. Their business model is divided in two main category. One is broken case picking and the other is direct delivery. They have optimize their facility of broken case for pick per stock keeping unit (sku) profile and the ratio is 1:1.It is the profile of ecommerce orders. Moreover, to addition to the capacity they are investing 15 million dollars in 26000 square metres. This will increase their throughput, cost position and capability. The three by three axis of A, B, C movers on one axis and three temperature zones (ambient , cooler and freezer) are designed at the best and used in greater technology of integration (Langston, Clarke and Clarke 2015). Grocery Gateway delivers 1500 orders on average and does this by 100 drivers and 55 trucks. Therefore, 1500:55 is the ratio, which equals 5000:183 trucks. Then the number of drivers comes to 1500 orders are taken by 100 drivers and 5000 orders will be taken by 333 drivers (approximately). For the peak season as the exhibit suggests for all area coverage a weeks number of orders are 7818 therefore the number of trucks needed is 283 (calculated in the ratio above-mentioned 1500:55). Therefore, from the above statements and calculations it can conclude that the capacity of the grocery gateway needs to be increased in the ratio given (Thach Olsen and Lease 2014). For 4 SPHOA program the efficiency of the capacity is optimized. The said plan needs to be executed with appointing at least 333 drivers in han 4.The order processing system of Grocery Gateway is known to operate by Descartes software and the web orders are downloaded from Resources in motion system (RIMMS) (Burt 2014). Moreover, Warehouse Management System (WMS) is also utilised (Chesbrough and Rosenbloom 2015). It has dynamic route optimizers and the algorithms provide delivery schedules. He information that they must focus on are the Time per customer Time to park in different area, based on more frequent delivery area Time to unload and get to the door Time for unloading for customer Time to get payment Time to return to vehicle Speed in residential area including starting and stopping Delivery windows total time Drive time Time of the day Road type Other factors like speed of driving of the delivery boy The customized software controlled the movement of the totes and skus are prepared accordingly. For the new plan to be effective it should be kept in mind that 4 SPHOA program is totally dependent upon the routes of the delivery plan. The 30 minutes reduction in delivery windows are known to be the focus point of Dominique, the vice president of Industrial engineering and operation system of Grocery Gateway. The two major points to consider are The main point is to keep the trucks on the road for longer hours (Chesbrough and Rosenbloom 2015). This would need extending driving shifts and replenish the truck with high level of service and keeping in mind the Grocery Gateways customer satisfaction (Fergusson 2012). Upgrading the software by approaching Descartes solutions technology. This provides RIMMS route optimisation service. Route profitability is must for this logistics business with the new plan in motion. References Bates, D.J., Hauenstein, J.D., Niemerg, M.E. and Sottile, F., 2016. Software for the Gale transform of fewnomial systems and a Descartes rule for fewnomials.Numerical Algorithms,73(1), pp.281-304. Bowersox, D.J., Closs, D.J. and Cooper, M.B., 2012.Supply chain logistics management(Vol. 2). New York, NY: McGraw-Hill. Boyer, K.K., Tomas Hult, G. and Frohlich, M., 2012. An exploratory analysis of extended grocery supply chain operations and home delivery.Integrated Manufacturing Systems,14(8), pp.652-663. Brock, K., 2012. A Strategic Analysis of Canada Post's Parcel Ecommerce Growth Strategy. Burt, S.,2014.Retailer brands in British grocery retailing: A review. University of Stirling, Institute for Retail Studies. Chesbrough, H. and Rosenbloom, R.S., 2015. The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin?off companies.Industrial and corporate change,11(3), pp.529-555. Christopher, M., 2016.Logistics supply chain management. Pearson UK. Cooper, M.C. and Ellram, L.M.,2015. Characteristics of supply chain management and the implications for purchasing and logistics strategy.The international journal of logistics management,4(2), pp.13-24. Cooper, M.C., Lambert, D.M. and Pagh, J.D.,2015. Supply chain management: more than a new name for logistics.The international journal of logistics management,8(1), pp.1-14. Fergusson, O., 2012. Online Groceries Beginn to Ripen as Market Blossoms.Computer Dealer News,7(2000), pp.32-33. Fleet, G.J., 2012. EVIDENCE FOR STALLED ICT ADOPTION AND THE FACILITATOR ECOMMERCE ADOPTION MODEL IN SMEs.International Journal of the Academic Business World,6(2). Grocerygateway.com. (2017).Online Shopping Delivery in Toronto - Grocery Gateway. [online] Available at: https://www.grocerygateway.com/store/ [Accessed 30 Jul. 2017]. Hgevold, N.M. and Svensson, G., 2012. A business sustainability model: a European case study.Journal of Business Industrial Marketing,27(2), pp.142-151. Islam, D.M.Z., Meier, J.F., Aditjandra, P.T., Zunder, T.H. and Pace, G., 2013. Logistics and supply chain management.Research in Transportation Economics,41(1), pp.3-16. Johnson, M.W., Christensen, C.M. and Kagermann, H., 2012. Reinventing your business model.Harvard business review,86(12), pp.57-68. Jonsson, P., 2012. Logistics and supply chain management.New York. Langston, P., Clarke, G.P. and Clarke, D.B., 2015. Retail saturation, retail location, and retail competition: an analysis of British grocery retailing.Environment and Planning A,29(1), pp.77-104. Lee, Y., Lee, Z. and Larsen, K.R., 2012. Coping with Internet channel conflict.Communications of the ACM,46(7), pp.137-142. McDermott, K. and Payvision, B.V., 2015. Key Business Drivers and Opportunities in Cross-Border Ecommerce.Payvision BV. Osterwalder, A. and Pigneur, Y., 2012.Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley Sons. Osterwalder, A., 2012. The business model ontology: A proposition in a design science approach. Schaltegger, S., Ldeke-Freund, F. and Hansen, E.G., 2012. Business cases for sustainability: the role of business model innovation for corporate sustainability.International Journal of Innovation and Sustainable Development,6(2), pp.95-119. Schneider, S. and Spieth, P., 2013. Business model innovation: Towards an integrated future research agenda.International Journal of Innovation Management,17(01), p.1340001. Thach, L., Olsen, J. and Lease, T., 2014. Selling Wine Online: Which Winery Ecommerce Practices Promote Highest Sales?. Week, B., 2012. Knowledge management and new organization forms: A framework for business model innovation.Knowledge management and virtual organizations,2(1), pp.13-27. Wrigley, N., 2015. The lure of the USA: further reflections on the internationalisation of British grocery retailing capital.Environment and Planning A,21(3), pp.283-288.

Considered As The Process Of Closing Down †Myassignmenthelp.Com

Question: Discuss About The Considered As The Process Of Closing Down? Answer: Introducation Liquidation is considered as the process of closing down the companys activities where all the assets are sold to repay the amount of the debt. Generally, this situation is considered to be unfavorable for the business and can be regarded as adverse also. The ultimate reason due to which any company reaches to liquidation stage is that when it becomes impossible to recover all the major expeneses(Young Thyil 2014). Many reasons of liquidation are present such as high amount of debt burden, ineffective corporate governance, ineffective ethical activities, etc. Sometimes boards of directors of the business are not able to focus on the key activities due to which company has to shut down its operations. The present study carried out is based on the liquidation case of HIH insurance, OneTel company and ABC learning which all these companies have to shut down their operations due to a large number of reasons and they have been discussed in the report. Apart from this corporate governance , ethics and other form of activities of the companies have been undertaken. Concept Of Liquidation The concept of liquidation arises when an organization is not able to conduct its operations and due to this reason situation of shutting down the operations arises. Overall debt burden is considered to be one of the main reasons where company obtains a large amount of funds from the bank and in turn they are able to repay the amount back(Weil, Schipper Francis 2013). The concept of liquidation and bankruptcy differs from each other where it has been identified that any organization which is liquidated is not necessarily bankrupt. The possible reasons behind liquidation can be the high level of debt, high competition in the market, an absence of profit planning control, unethical activities carried out within the business etc. So, these events are totally unfavorable for the business. In case of Australia, many companies have gone into liquidation. Companies such as ABC learning, HIH insurance and OneTel company have gone through this stage. Further, company like HIH insurance was liquidated with the loss that lies in the range of AU$3.6 billion to AU$5.3 billion. In case of OneTel organization which was one of the fastest telecommunication enterprise where the business has suffered loss of AU$291 million in the year 2000. Such losses directly lead to the event of liquidation and other form of issues were also faced by the businesses that involves poor auditing, ineffective financial planning, weak corporate governance etc(Purves, Niblock Sloan 2016). Events That Led To The Liquidation Large numbers of valid reasons are present due to which companies such as HIH insurance, OneTel Company and ABC learning are not able to manage their operations, and they reached into liquidation stage. Further, organizations such as OneTel company and HIH insurance has ineffective corporate governance activities(Pearson 2016). The main challenge identified was the passion for chasing low yield enterprise and adequate amount of capital is not present so as to smoothly carry out overall operations. Poor financial planning was present where board of directors was not able to monitor all the crucial tasks of the business. Liquidation of HIH insurance was one of the biggest failures in the Australian market where it has been identified that internal systems of the enterprise were not proper such as poor planning, lack of monitoring etc. Further, the HIH group was wide that was comprised of FAI general insurance, HIH casualty, General insurance limited etc. Directors of the HIH insurance breached their duty and due to this reason they were not at all part of the crucial activities(Mullinova 2016). Apart from this, the corporate culture of the business was quite conservative and glaring governance deficiency was the main reason for the downfall of the business. Shareholders of the HIH insurance have to incur heavy loss and due to this reason HIH insurance collapsed. In March 2001, the estimated value of the organization identified by liquidator was between $3.6 billion and $5.3 billion. Before six months the organization has to shut down its operations at that time HIH insurance was the second biggest in surer. The main cause of liquidation was inability of the organization to pay claim of insurance policy holder along with the poor cash position of entity(Mitrione, Tanewski Birt 2014). The report published by HIH royal commission highlights the underwriting loss of $73 million against a net earned premium of $1550 million in 30th June 1999. In case of OneTel company ineffective corporate governance lead to liquidation. The two CEOs of the organization have high influence on the business practice. Conflict of interest took place and this was directly compromised with the reason non audit services of the entity. Other valid reasons were present due to which OneTel company has to shut down its operations and it involves strategic mistake, wrong pricing policy, unbridled growth etc(Magnan 2015). Further, weak corporate governance was the main challenge which involves poor management communication with the board, inappropriate audit control. In case of ABC learning where company offered childhood education services in the Australian marketing but was unable to carry out major operations. Organization was not able to manage its overall expenses such as advertising cost, staff salary and other form of expenses that reduced profitability level. In November 2008 the organization incurred loss of $1.78 billion. Top executives of the enterprise were not able to manage overall operations and poor financial planning acted as hurdle(LaChance 2013). In the year 2008, ABC learning faced cash problem and due to this reason overall expenses were not recovered by the enterprise. It is a well known fact that top executives of the enterprise holds main responsibility to prepare strategic plans for the business linked with finance etc. But in case of ABC learning it was not possible for top management to manage overall performance of the business and it directly acted as hurdle. So, finally organization has to shut down its operations in the market and the overall result was in the form of heavy losses which company has to bear(Kim Partington 2015). Explanation Of Financial Stress Through Corporate Governance And Ethics In the modern era, effective corporate governance practices and ethics are essential for long term growth and sustainability of businesses(Barth 2015). Furthermore, the practices of corporate governance assist in carrying out the smooth flow of all operations and activities. At the same time, these practices provide companies with an appropriate direction to accomplish their business objectives. The above carried out analysis of three Australian companies indicates that ethics and inappropriate corporate governance practices are the primary reason behind the financial failure(Jones 2016). For instance, in case of HIH insurance company, it has been found that The Corporation Act was breached by the directors and such kind of practices cannot be considered as ethical. The result of this was that director was not encouraged and allowed to take part in the operational activities of the insurance company. The business also got liquidated, and there were different reasons behind the same. For example, the corporate culture which was developed and implemented by HIH insurance company was quite conservative. In addition to this, the company also failed to carry out effective management of all its practices and operations(Jones Peat 2014). The strategies adopted by CEO without seeking opinions and suggestions from other members have also resulted in the financial failure of the selected business enterprise. Another unethical practice which has been carried out HIH insurance company is that the corporation presented wrong financial information in front of investors. It can be stated that such kind of practices may provide short term benefit to companies but in the long run, all financial operations are adversely affected by such practices(Chapple, Clout Tan 2014). Considering the case of ABC learning centre, it has been analysed that lack of adequate corporate governance practices was one of the primary cause behind in liquidation in the marketplace(Arqawi, Bertin Prather 2014). Effective corporate governance practices which contribute to long term growth and development of companies were entirely missing in the case of ABC learning centre. The result of this was that the organization failed to generate adequate cash flow which is essential for every business operating in the market. It becomes almost impossible for companies to manage their day to day operations in the desired manner without having a deficit of cash flow. At the same time, leading banks of Australia has provided money to ABC learning centre for carrying out the smooth flow of all its operations and activities(Edwards 2013). However, it can be critically argued that the organization failed to manage this money and in the end, it got liquidated in the marketplace. Another case of One Tel can be taken into consideration to develop insight into the impact of ethics and ineffective corporate governance practices. The decision making within the enterprise was dominated by two CEOs, and it resulted developing the higher degree of dissatisfaction among other staff members in top management. In addition to this, it has also been witnessed that the monitoring of company was not carried out efficiently by the people by an executive board of directors. It can be argued that during its initial stage, One Tel Company has witnessed a rapid growth in the marketplace. However, in the long run, the company was not able to maintain the growth rate, and after one point of time, it reached the stage of liquidation(Henderson et al. 2015). For instance, in the year 2000, $291 million was the net operating loss recorded by the company. It was the time when leading banks and investors started perceiving that very soon; One Tel will be running out of the cash. Again in the year 2001, the company suffered from a loss of A$132 million(Monem Reza 2011). The reason behind these financial failures is also considered as the excessive control of companys CEO which has adversely affected the overall business activities and performance(Bushman 2014). Apart from this, conflicts within the interest of auditors present in the company are also considered as another reason behind the failure of One Tel Company.; Liability As A Major Factor Based on the information collected by three different organizations, it has been analyzed that liability cannot be considered as the key reason behind liquidation. Furthermore, the cause of settlement can be termed as ineffective practices linked with ethics and corporate governance. Nowadays, proper and adequate financial planning is mandatory for long term growth and sustainability of a business enterprise(Carnegie OConnell 2014). In addition to this, companies are also required to ensure that adequate cash flow is generated to manage its overall flow of operations and day to day activities. Even companies such as HIH insurance, One Tel, and ABC learning failed to meet their expenses in the long run, and such kind of situations is the significant threat to any business. The burden of finances was constantly increasing and in the end resulted in the liquidation of the mentioned above three companies(Chapple, Clout Tan 2014). Considering the case of HIH which was an insurance company, the financial report reflected that the corporation was in the stage of insolvency because of significant outstanding liabilities and debts. At the same time, it has experienced a loss of $5bn which resulted in affecting all its operations and practices in a negative sense(Chan, Watson Woodliff 2014). In the case of One Tel Company, ineffective corporate governance practices, lack of quality auditing and control over internal operations are considered as the primary reasons which resulted in liquidation(Beatty Liao 2014). Conclusion From the above carried out research report, it can be concluded that it is essential for companies to carry out ethical and effective corporate governance practices in the long run. Furthermore, lack of methods mentioned above can make the entire satiation worst and can also result in the liquidation of the business. Organizations are also required to emphasize on carrying out appropriate financial planning so that smooth flow of all operations of activity can be managed easily in the long run. Companies such as HIH insurance, One Tel and ABC learning witnessed liquidation because the corporate governance practices were not satisfactory and adequate References Arqawi, BM, Bertin, WJ Prather, L 2014, 'The impact of product warranties on the capital structure of Australian firms', Australian Journal of Management, vol 39, no. 2, pp. 207-225. Barth, ME 2015, 'Financial accounting research, practice, and financial accountability. ', Abacus., vol 51, no. 4, pp. 499-510. Beatty, A Liao, S 2014, ' Financial accounting in the banking industry: A review of the empirical literature.', Journal of Accounting and Economics, vol 58, no. 2, pp. 339-383. Bushman, RM 2014, 'Thoughts on financial accounting and the banking industry. ', Journal of Accounting and Economics, vol 58, no. 2, pp. 384-395. Carnegie, GD OConnell, BT 2014, ' A longitudinal study of the interplay of corporate collapse, accounting failure and governance change in Australia: Early 1890s to early 2000s. ', Critical Perspectives on Accounting, vol 25, no. 6, pp. 446-468. Chan, MC, Watson, J Woodliff, D 2014, 'Corporate governance quality and CSR disclosures. ', Journal of Business Ethics, vol 125, no. 1, pp. 59-73. Chapple, L, Clout, VJ Tan, D 2014, 'Corporate governance and securities class actions.', Australian Journal of Management, vol 39, no. 4, pp. 525-547. Edwards, JR 2013, A History of Financial Accounting, Routledge, Abingdon-on-Thames. Henderson, S, Peirson, G, Herbohn, K Howieson, B 2015, Issues in financial accounting. , Pearson Higher Education AU., London. Jones, S 2016, 'A Cash Flow Based Model of Corporate Bankruptcy in Australia. ', Journal of Applied Management Accounting Research, vol 14, no. 1, p. 23. Jones, S Peat, M 2014, 'Predicting Corporate Bankruptcy Risk in Australia: A Latent Class Analysis. ', Journal of Applied Management Accounting Research, vol 12, no. 1, p. 13. Kim, MH Partington, G 2015, 'Dynamic forecasts of financial distress of Australian firms. ', Australian Journal of Management, vol 40, no. 1, pp. 135-160. LaChance, CM 2013, ' Third Circuit Holds Chapter 15 Relief Extends to Assets Managed by Australian Receivership', American Bankruptcy Institute Journal, vol 32, no. 10, p. 50. Magnan, A 2015, 'The financialization of agri-food in Canada and Australia: Corporate farmland and farm ownership in the grains and oilseed sector.', Journal of Rural Studies, vol 41, pp. 1-12. Mitrione, L, Tanewski, G Birt, J 2014, ' The relevance to firm valuation of research and development expenditure in the Australian health-care industry. ', Australian Journal of Management, vol 39, no. 3, pp. 425-452. Monem Reza 2011, The One.Tel Collapse: Lessons for Corporate Governance, viewed 12 September 2017, https://research-repository.griffith.edu.au/bitstream/handle/10072/42673/74746_1.pdf. Mullinova, S 2016, 'Use of the principles of IFRS (IAS) 39 Financial instruments: recognitionand assessment for bank financial accounting.', Modern European Researches, vol 1, pp. 60-64. Pearson, G 2016, 'Failure in corporate governance: financial planning and greed. ', Handbook on Corporate Governance in Financial Institutions, , p. 185. Purves, N, Niblock, S Sloan, K 2016, 'Are organizations destined to fail? ', Management Research Review, vol 39, no. 1, pp. 62-81. Weil, RL, Schipper, K Francis, J 2013, Financial accounting: an introduction to concepts, methods and uses, Cengage Learning, Boston. Young, S Thyil, V 2014, ' Corporate social responsibility and corporate governance: Role of context in international settings', Journal of Business Ethics, vol 122, no. 1, pp. 1-24.

Premodern To Post Modern Society Essays - Economic Systems, Foraging

Premodern To Post Modern Society Western liberal scholars have divided human history into three phases: the premodern, the modern and the post modern. Each phase has no definite end, rather they layer on top of each. For example, a thoroughly post modern society has elements of premodern and modern in it. There is no one exact time when the premodern ended and the modern began: each society reached them differently. Western Europe entered the modern era in the sixteen hundreds while the rest of the world was still premodern. Even now, most industrialized countries are post modern, yet most of the Third World is modern or even premodern. The premodern phase spans a huge amount of time, from prehistory until the rise of modern institutions. The premodern can further be divided into two periods, before and after settled agriculture. Before a society adopts settled agriculture, they live of the land, hunting and gathering. The political organization of such groups is roughly like a wolf pack: there is a dominate leader figure (not necessarily male) that leads a more or less egalitarian community. An excellent example of hunter-gatherers is the Kung bushmen of the Kalahari dessert. The Kung live in small family groups in an extremely hostile environment yet they have adapted. Since they do not cultivate plants for food there is no point in owning a parcel of land. Each small tribe can support itself on it's surrounding land with resources to spare. Private ownership of land is unherad of. Since the technology of the Kung is rudimentary, everyone in the tribe has the same skills at manufacturing as everyone else. If one m ember of the tribe wishes to make a loincloth, he simply makes it himself, every member of the tribe can exactly this. There is no way to differentiate status, everyone has exactly the same skills. The division of labor between man and women is slight. Both take an active role in feeding the family; the man hunts while the woman gathers. Women and men are treated equally. Serious crime like murder or robbery are unheard of among the Kung. There is no reason to steal when every product can be made easily with the resources at hand. The only thing stealing would accomplish is isolation from the rest of the tribe. Also, there was very little in the way to steal. The Kung live in tune with nature, they use only a few simple tools such as digging sticks and spears. As the Kung all live in a close knit tribe stealing from one another is like stealing from a close friend. There is no faceless anonymity of the victim for the perpetrator. The thief knows and lives with the person who he is stealing from. Even if one individual committed a minor offense among the Kung, they themselves are not directly punished. Instead, there is a ritual to banish the demon who enter the perpetrators body and willed him to misbehave. There is no forced confinement or resentment. Societies such as the Kung were very small. Each person must forage or hunt for their food. To sustain a population of even a small amount of people the surrounding wilderness must be big enough to continually regenerate itself in the following years. This did not lead to a large population density as it takes large tracts of land to support people without going barren. This is why hunter gatherer groups are so small; the land cannot support many people in its present state. The Kung continue to survive by adapting to the land, instead of adapting the land to better suit their needs. If it suited them and they had the technology, the Kung could plow fields and build irrigation system to bring water into the dessert. The cost of this is huge labor output, yet the benefit is increased food production. With increased food production comes larger and larger populations. A small population is not the only disadvantage of hunter gatherers. Science and technology suffer in a tribal system s uch as the Kung. Gathering food and caring for children occupied the entire time. There were no dedicated scholars or scientists. Only with food surpluses reaped by settled agriculture could people

Doctor Visit with Troubling Symptoms (ESL Dialogue)

Doctor Visit with Troubling Symptoms (ESL Dialogue) Some Troubling Symptoms Patient: Good afternoon. Doctor: Good afternoon. Have a seat. So, what have you come in for today?Patient: Thank you. Im feeling ill, Ive got quite a bad cough, but I dont seem to have a fever. Doctor: I see. How long have you had these symptoms?Patient: Oh, Ive had the cough for two weeks, but feeling ill just these past few days. Doctor: Are you having any other problems?Patient: Well, Ive got a headache. Ive also had a little bit of diarrhea. Doctor: Do you produce any phlegm when coughing?Patient: Sometimes, but its usually pretty dry. Doctor: Do you smoke?Patient: Yes, a few cigarettes a day. Certainly no more than a half a pack a day. Doctor: How about allergies? Do you have any allergies?Patient: Not that Im aware of. Doctor: Does your head feel stuffy?Patient: Yes, for the past few days. Doctor: OK. Now lets have a look. Could you please open your mouth and say ah? Key Vocabulary symptomsto feel illcoughfeverto have a coughheadachediarrheaphlegmto coughallergystuffyto feel stuffy More English for Medical Purposes Dialogues Troubling Symptoms - Doctor and PatientJoint Pain - Doctor and PatientA Physical Examination - Doctor and PatientPain that Comes and Goes - Doctor and PatientA Prescription - Doctor and PatientFeeling Queasy - Nurse and PatientHelping a Patient - Nurse and PatientPatient Details - Administration Staff and Patient More Dialogue Practice - Includes level and target structures / language functions for each dialogue.

Family in Europe History Coursework Example | Topics and Well Written Essays - 1500 words - 1

Family in Europe History - Coursework Example Sex was therefore often considered to be simply a means of producing the future workers of the farm. In order to make sure heirs would be born, premarital sex was not entirely frowned upon. If the girl became pregnant before marriage, it was proof that she was fertile and the marriage could be made official. The land had also become more productive and new industries were born, creating a need for greater numbers of workers and forcing society to be both more lenient toward unwed mothers and more accepting of their children. Although laws had been written to prevent servants and unlanded peoples from marrying, this did not prevent them from engaging in sex with desired partners, thereby producing illegitimate children who were often welcomed into the household as future workers and guarantors that the farm or the industry would thrive. Individuals in poorer households generally married for economic reasons and worked hard all day while practicing a general hands-off approach to human relationships. People in the upper classes often took on lovers to excite them sexually because they were not limited by the same economic constraints and their time was not wholly devoted to sustenance and support. The bourgeois morality that began in the eighteenth century grew out of the marriage and sexual practices of the nobility class. Because marriage was seen as more of an economic arrangement, it was generally considered unwise to hamper it with excessive love at the same time that an aesthetic appreciation for sex, with extramarital partners, was being developed. However, as industries began to move outside of the home and families began to live in closer proximity to each other, emotional attachments became stronger and the idea of marrying for love rather than money began to take precedence. Because the family no longer worked within a larger community of servants and siblings to maintain the family farm or the tradesman’s shop, they were