Monday, April 13, 2020
Frederick Douglas To Thomas Jefferson Essays - Popular Sovereignty
Frederick Douglas To Thomas Jefferson September 26, 1999 Dear Mr. Jefferson: Throughout much of my life I was a slave to the white man. I was, however, luckier than most. I was able to become a freeman, and have since dedicated my life to the abolition of slavery and oppression in this country. This oppression lives on because of the hypocritical nature in which this countrys founding fathers, including you, outlined their independence. Many times throughout your most patriotic document, The Declaration of Independence, you contradict yourself and the ideas that are presented. It appears that the ideals you present are only for those with a white skin such as yours. All other people, for example the American Negro, are not even considered people in your white wigged world. We are only property to be bought and sold accordingly, with no regard for our families, friends, or personal beliefs. These are aspects of life that you and I both fought for, but are reserved only for you. To begin with, in your Declaration of Independence you state, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed. Although this statement is bold and gives many of your people a sense of patriotism, I see no patriotism in it. Where is my life and liberty and how do you expect me to pursue happiness when I am treated with the same respect that you give your cattle? Additionally, if the government receives its power from the people why am I not heard? The Negroes are the most governed people in this nation, yet they have no say in how they are governed. This seems to contradict the entire basis of your great democratic system. I must assume then that we are not considered to be men in your eyes. I find this hard to believe as well. If you do not consider us to be men then why does your government count us as three-fifths of a person for their census figures? Even more importantly, if we are not men, how can you have a child with one us? You did in fact have an illegitimate child with one of your slaves, didnt you? Are we only men when it is convenient for you? This appears to be the case. If you would open your mind a little you would see that Negroes can become much more. Look at what some of your freed slaves have become. They are, as I stated in a recent speech, merchants and secretaries, having among us lawyers, doctors, ministers, poets, authors, editors, orators, and teachers. As can be seen, we have the mental capability to become anything that your people have become. We are, however, so oppressed that it is difficult for us to show this intelligence, because we are given no means to become educate d. In your Declaration of Independence, closely following the rights that you consider to be unalienable you state, That whenever any Form of Government becomes destructive to these ends, it is the Right of the People to alter or to abolish it, and to institute new Government. This statement gave me cause to close a recent speech by saying, for the love of God, tear away, and fling from you the hideous monster, and let the weight of twenty million crush and destroy it forever. Through this statement and the rest of speech I was illustrating that the government you created is strong in many respects, but needs to be restructured to include Negroes as people not the property you see them as. We need not abolish our current government; we must only alter it, as you state the people must do if the government does not honor the God given rights of a people. In order for this Union to be the nation you and I envision it to be, we cannot oppress those that can be of great aid to our nation. We must reevaluate our political system and fix those hypocrisies that exist within
Wednesday, March 11, 2020
Analysis of Where have all the parents gone Essays
Analysis of Where have all the parents gone Essays Analysis of Where have all the parents gone Paper Analysis of Where have all the parents gone Paper A A A A A A A A A In the film, Child of Divorce, a immature miss s parents got divorced ; this affected her physically and mentally. This is an illustration in the society today, as each kid sees their parents contending and controversy, which lead to disassociating, it will impact them as they grow older because a kid has to take between two parents to populate with. Presents, there is a higher per centum of divorce of a kid s parents and others merely stayed individual. What aspects should of a kid s life should be a Parent control? All facets should be control until a kid reaches an independent phase of doing the right determinations in his or her life. In add-on, what happened to the loving parents? All parents are excessively busy to hold clip for their kids or have a household dinner every dark. Furthermore, what are parents occupation descriptions? One would be being a function theoretical account to their childs so as they grow each child would be abl e to follow their parents footfalls to be successful. Another would be to developing them as grown, mature and independent individual. In the article, Where Have All the Parents Gone? by Barbara Dafoe Whitehead, she talked about the societal issue towards kids being our hereafter and she expressed her sentiments about parents should be responsible for raising their kids because most parents are excessively busy working to be involve in their ain kid s life, which will do them to do incorrect determinations. Besides, as the coevals grows, small by small the society changed because parents became viciously liquidators to their ain kids and kids rebelled. As a consequence, I agree with Whitehead s article because parents are responsible for their ain kids s actions for them to be independent, spending clip with their kids will construct up a relationship, and learning them their values will do them appreciate what parents do for them. First, kids should be independent by their parents steering them through their life. [ aÃâ Ã ¦ ] virtually every kid in America grows up in a household with one or more parents. Parents house kids. Parents feed kids. Parents clothe kids. Parents raising and protect kids. Parents instruct kids in everything from utilizing a fork to driving ( Whitehead 224 ) . This demonstrates that parents are steering their kids from being an immature kid to a mature grown up by doing experience them the love that parents give them. As the kids grows older, they will finally recognize what their parents taught them will be utile and helpful. They could be independent without trusting on their parents. Furthermore, it is of import that learning their kids from right and incorrect, assisting them with their determinations from right and incorrect will take to holding a trust within themselves, so that they could travel on with their ain lives with what they learned from their parents. Second, if the parents pass more clip with their childs, it will construct up a stronger household relationship. [ aÃâ Ã ¦ ] a 2nd income became indispensable. [ aÃâ Ã ¦ ] fighting to pay the measures, cubic decimeter parents seems to be short-changing their kids in another manner. They were nt passing adequate clip with their childs [ aÃâ Ã ¦ ] ( Whitehead 226 ) . This demonstrates that parents should be able to equilibrate their clip for work and household because even though they need to do salary to pay for their measures. There should non be a ground why they can non hold clip to pass clip with their kids. Each parents decided to hold kids for a ground, which is to construct a household on their ain and to be proud parents when their childs win on going a physician, nurse and so forth. In add-on, being a parent is non a easy occupation ; nevertheless they should believe it exhaustively holding childs because what is the usage of holding childs when a parent wholly he or she does is work and non hold clip to pass with their childs. For illustration, the parents should be able to learn their childs how to cook, how to bake, assist them with their prep and so forth. Therefore, in the hereafter, when their ain childs have kids, they will copy what their parents did to them to their kids, which is ever working and non hold clip for their kids. Third, parents should be learning their values to their kids, so their kids will appreciate what parents do for them. [ aÃâ Ã ¦ ] most of import, they were nt learning good values ( Whitehead 226 ) . This demonstrates that parents does non hold clip to even learn their kids their values, so how can their kids learn from them when they are suppose to be their function theoretical accounts. For illustration, each parent has different civilization or history background, they should learn their kids the values of their religion/culture and history of they originated from. In add-on, many immature adult females gets pregnant at a immature age, which shows that parents should watch over their kids more frequently and protect them for their ain safety plus educate them how instruction is of import to complete for their hereafter. Besides, it is of import to demo the significance of the parent s values because when the parents die, their kids will be able to transport this values and ba se on balls it to their future kids, so it will be pass through coevals by coevals. In decision, Parents should be able to demo their values to their kids so they would be more apprehended from their kids. There should non be alibis or grounds why parents do non hold clip for their kids. Even though, parents are fighting, they should be able to demo their kids how they can confront their jobs without perpetrating offense. Besides, parents should be able to show their love for their kids, so they can experience the love of their parents. Last, educating their kids will do them successful, learning them their values will do them appreciate their parents and have a hereafter. Work Cited Whitehead, Barbara Dafoe. Where Have All The Parents Gone? 75 Readings: An Anthology. 11th erectile dysfunction. Ed. Santi V. Buscemi, Charlotte Smith. Boston: McGraw Hill, 2010.222-229.Print.
Monday, February 24, 2020
Nasser Speak Assignment Example | Topics and Well Written Essays - 500 words
Nasser Speak - Assignment Example Their populations are constantly rising hence there is need to exploit their own natural resources to increase the level of production. By doing so, they can produce more units in the economy; sales more to the foreign nations and in return provide them with foreign earnings. These earnings can be invested back and provide the much needed growth. As long as they are self-independent, they will minimize the decision made to them by the foreign countries and can concentrate on their own development. Individuals however should not just own land for their selfish interest like the capitalist. But they should do so as a way of promoting the society and improving status. This formed the basis of states to provide services like irrigation so that they can maximize their output in the best interest of the society. Countries should make decisions that are centered towards industrial development to ease the pressure on the agricultural sector has been the case in Egypt. This made easy by the development of modern scientific technology. Output will increase and full exploitation of the available resources done with ease. The citizens should not fear of any unemployment due to technology but should rejoice since major sectors will be opened and give them more opportunities. But even if we have to produce, we should do so in a manner that balances between the consumer needs and the nationââ¬â¢s goals. Agriculture impacts the livelihood of citizens directly as opposed to the industrial nature of countries more so in African countries. From the excess produce, the country and citizens can invest in agricultural industries. Thus we should compliment both agricultural sector and industrial for greater growth in the economy. Our production as a result of the mass resources within our nations should provide equality in all fronts. It
Saturday, February 8, 2020
Healthcare Communication Research Paper Example | Topics and Well Written Essays - 1000 words
Healthcare Communication - Research Paper Example The strategies to enhance healthcare communication take their basis from the basic elements that outline effective communication, encouragement that the provider incorporates and the cultural differences that have a good or bad say within the communication domains. All of these points would be discussed at length within this paper. Effective communication is always in line with the requirements of communication. This would mean that there are no hiccups experienced at any level and that there would not be difficulties in deciphering the different levels of communication which are coming through across the channels. The effective communication domains therefore look at the wholesome basis more than the individual links and this is the reason why effective communication is hailed by people from varied strata of life. Effective communication will always be able to take care of the healthcare communication tenets because it addresses problems on a one to one level and does not skip any important areas. This is the need of the hour and more so when it is concerned with saving oneââ¬â¢s life. When one understands that how the basic elements of effective communication are bracketed differently than the rules which are outlined by the healthcare communication realms, what transpires is how much following is possible within the latter because effective communication can always be taken up as a role model within the related mix of things (Guo 2009). The need is to understand where the missing link is present and what best mechanism can be employed to make sure that anomalies are at their minimal, and if possible, nil. The difference of the basic elements of effective communication from the most basic ones of healthcare communication, once compared, should always be close to being labeled as negligible because this would in turn be a good omen for the healthcare providers and indeed the patients. Many differences would mean immense
Wednesday, January 29, 2020
Policy and Strategy in Global Competition Essay Example for Free
Policy and Strategy in Global Competition Essay Discussion Question 6.1: What are some drawbacks and risks to a broad generic business strategy? To a focused strategy? The two generic business strategies are differentiation and cost-leadership strategies, and they are fundamentally different from one another, both with their own drawbacks and risks (Rothaermel, 2013). These strategies are referred to as ââ¬Å"genericâ⬠because they may be used by any type of organization (Rothaermel, 2013). The drawbacks and risks of a differentiation generic strategy is its viability ââ¬Å"is severely undermined when the focus of competition shifts to price rather than value-creating featuresâ⬠(Rothaermel, 2013, p. 155). This tends to occur when there is a level of acceptable quality which has emerged as a standard (Rothaermel, 2013). Organizations pursuing this strategy also need to ensure that they are not adding features which add cost but no ââ¬Å"perceived value in the minds of consumersâ⬠(Rothaermel, 2013, p. 155). The drawbacks and risks of a cost-leadership strategy are that new entrants may erode the low-cost leaderââ¬â¢s margins because of the ââ¬Å"loss in market share while it attempts to learn new capabilitiesâ⬠(Rothaermel, 2013, p. 154). Also, the converse of the differentiation strategy issue applies, in that organizations need to ensure that the ââ¬Å"focus of competition shifts from price to non-price attributesâ⬠(Rothaermel, 2013, p. 154). The organization needs to also be careful not to allow the value of the product or service to fall below the low-cost at which the product or service is offered (Rothaermel, 2013). A focused strategy applies the same concepts as the generic strategies above, but the focused strategy utilizes a more narrow competitive scope than the generic strategies (Rothaermel, 2013). The competitive scope refers to the market segment at which the product or service being offered is aimed (Rothaermel, 2013). An example would be the broad market of wristwatches to the more focused market of luxury watchesà (Rothaermel, 2013). Discussion Question 6.4: Create examples of value chains for three firms: one using cost leadership, another using differentiation, and a third using an integration business-level strategy. A value chain is the process in which ââ¬Å"a firm engages when transforming inputs into outputsâ⬠(Rothaermel, 2013, p. 95). It is made up of primary activities, which add value directly, and support activities, which add value indirectly (Rothaermel, 2013). Primary activities include production phases, sales, marketing, and customer service (Rothaermel, 2013). Support activities include research and development, ââ¬Å"information systems, operations management, human resources, finance, accounting, and general managementâ⬠(Rothaermel, 2013, p. 96). Cost leadership firm: As discussed above, a cost-leadership strategy involves maintaining the lowest price of a particular service or product (Rothaermel, 2013). A prime example of a cost-leadership firm would be Walmart (Rothaermel, 2013 ). Walmartââ¬â¢s value chain would begin with its supply chain, which is made up of suppliers with whom Walmart has negotiated the lowest price possible, at a volume sufficient enough to fill its shelves (Rothaermel, 2013). The next link in the value chain would be Walmartââ¬â¢s distribution and operations. Walmart has been able to reduce packaging and mileage, allowing for significant cost savings (Porter Kramer, 2011). Walmartââ¬â¢s sheer size creates significant savings through economies of scale (Rothaermel, 2013). Lastly would be marketing, sales, and service, in Walmartââ¬â¢s value chain. Walmart focuses on ââ¬Å"Saving people money so they can live betterâ⬠, and continues to take innovative steps to do so (Walmart, 2015). The company has even created a mobile app called the ââ¬Å"Savings Catcherâ⬠which allows customers to scan their Walmart receipt to capture savings that they would have missed otherwise (Walmart, 2015). This is a marketing effort which impacts sales and services in a major way. Differentiation: Apple is an ideal example of an organization utilizing a differentiation strategy (Rothaermel, 2013). Apple seems to be able to ââ¬Å"create customer needs (even if customers are initially unaware of the need)â⬠(Rothaermel, 2013, p. 155). Appleââ¬â¢s value chain will differ from Walmart, and other cost-leadership strategy firms, in that it will have a greater focus on the development of their products and in its marketing and customer service. It will focus on product development in an effort to ensure their products continue to set the bar in their respectiveà categories (Rothaermel, 2013). Apple will also focus on marketing and customer service to ensure that new and current customers are aware of the productsââ¬â¢ areas of superiority (Rothaermel, 2013). Integration Business-Level: Hewlett Packard (ââ¬Å"HPâ⬠) is an example of an organization that is using the integration business-level strategy, which is a combination of the differentiation and cost-leadership strategies (Rothaermel, 2013). HP utilizes this strategy because Apple holds the differentiation position while Dell holds the cost-leader position in the mobile devices market (Rothaermel, 2013). For this reason, HP must seek to implement both the cost-saving strategies in supply chain management, like Walmart, and the differentiation strategies in product design, like Apple (Rothaermel, 2013). There are differences, however, in the value chain between HP and the two companies above. HP has sought to cut costs by trimming its workforce, thereby helping in its cost-leadership strategy (Rothaermel, 2013). In regard to its design efforts, HP has improved ââ¬Å"the differential appeal of its product and service offeringsâ⬠(Rothaermel, 2013, p. 162). Chapter 7 Discussion Question 7.1: What strategy might the firm use to unseat Windows in this market? Although the small firm has developed a new product, it is a product which will be introduced into an industry which is most likely in the growth or maturity stage of the industry life cycle (Rothaermel, 2013). As such, the small firmââ¬â¢s best strategy would be to employ a cost-leadership strategy (Rothaermel, 2013). This is the best option because both the differentiation and cost-leadership strategy are viable options during the growth stage, but firms that adopt the cost-leadership strategy which dominate during the maturity stage (Rothaermel, 2013). The small firmââ¬â¢s new product is likely considered a process innovation, as it seeks to accomplish the same tasks in a more efficient manner (Rothaermel, 2013). Discussion Question 7.2: How does the industry life cycle affect business strategy? Detail your answer based on each stage: introduction, growth, maturity, and decline. During the introduction stage of the industry life cycle, the companies which tend to be, and stay successful, are innovative and tend to be fewà (Rothaermel, 2013). As such, the strategy used during this stage is likely the differentiation strategy, since firms are seeking to establish the uniqueness of their productsââ¬â¢ features (Rothaermel, 2013). The growth stage tends to allow organizations to be a little freer to decide which strategy would work best for them (Rothaermel, 2013). It is during this stage that a dominant design, or standard, is established, which means that firms may choose to differentiate their product, or choose to attempt to offer the same type of product at a lesser cost (Rothaermel, 2013). The maturity stage begins to see less design changes and more process innovations within the industry (Rothaermel, 2013). For this reason, it is cost-leaders that tend to succeed during this stage (Rothaermel, 2013). The decline stage differs from those above, as it introduces four strategic options for firms to pursue: (1) exit, (2) harvest, (3) maintain, and (4) consolidate (Rothaermel, 2013). The exit strategy is precisely as it says: it involves the firm choosing to leave the market to pursue other endeavors (Rothaermel, 2013). The harvest strategy means that the firm will still sell the product or service, but will reduce the level of investment in its maintenance and development (Rothaermel, 2013). The maintain strategy is also exactly what it sounds like: the firm continues offering the product or service at the same level as it has been, despite the declining demand (Rothaermel, 2013). The consolidate strategy involves the purchasing of rivals in an effort to shrink the industry, which provides firms employing this strategy to reach near-monopolistic status (Rothaermel, 2013). Discussion Question 7.4: Why are standards important in many industries? As standards get adapted and become dominant, how does this process influence the competitive nature of the industry? Standards are important in many industries because the firm whose product becomes the standard ââ¬Å"tends to capture a larger market share and can persist for a long timeâ⬠(Rothaermel, 2013, p. 175). Once the standard is adopted, the market tends to focus more on process innovation than on product innovation (Rothaermel, 2013). This means that firms are focusing their RD efforts ââ¬Å"on process innovation in order to improve efficiencyâ⬠(Rothaermel, 2013, p. 177). Since the standard tends to be set during the growth stage,à either the differentiation or cost-leadership strategy is used, for the reasons discussed above (Rothaermel, 2013). Chapter 8 Discussion Question 8.1: When Walmart decided to incorporate grocery stores into some locations and created ââ¬Å"super-centers,â⬠was this a business-level strategy of differentiation or a corporate-level strategy of diversification? Why? Explain your answer. Walmartââ¬â¢s incorporation of grocery stores into some locations represents a corporate-level strategy of diversification, as opposed to a business-level strategy of differentiation. While business-level strategy typically involves individual markets, corporate-level strategy encompasses decisions which impact multiple markets and industries simultaneously (Rothaermel, 2013). Diversification occurs when a firm seeks to increase ââ¬Å"the variety of products or markets in which to competeâ⬠(Rothaermel, 2013, p. 216). By incorporating grocery stores into some of its locations, Walmart made a corporate-level strategy decision to diversify the products offered in its stores, and the markets within which it chose to operate (Rothaermel, 2013). Chapter 9 Discussion Question 9.1: List some specific advantages of this acquisition for Live Nation. Do you see any downside to the merger?à Some advantages to the acquisition of Ticketmaster by Live Nation include: a reduction in competitive intensity, lower costs, increased differentiation, and access to new markets and distribution channels (Rothaermel, 2013). While these are some possible advantages for Live Nation, mergers and acquisitions do not result in a competitive advantage the majority of the time (Rothaermel, 2013). Shareholder value is usually destroyed after a merger and acquisition, and it is only the shareholders of the acquired company that tend to benefit (Rothaermel, 2013). Chapter 10 Discussion Question 10.1: How might your relationship change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations?à Globalization is the process of increasing ââ¬Å"integration and exchange between different countries and peoples worldwideâ⬠(Rothaermel, 2013, p. 271). Globalization 2.0 refers to growing business globally from 1945 to 2000 (Rothaermel, 2013). It involved large foreign direct investment, with theà state-side corporate headquarters directing strategic goals and resource allocation (Rothaermel, 2013). Globalization 3.0 covers the time period from 2000 to the present (Rothaermel, 2013). Tremendous strides in technology allow for less need of foreign direct investment, and this stage has allowed the MNE to reorganize as a ââ¬Å"global enterprise with centers of expertiseâ⬠(Rothaermel, 2013, p. 273). As a small firm supplying a product or service to an MNE, the degree of change which would arise in our relationship, as the firm moved from Globalization 2.0 to Globalization 3.0 operations, would depend heavily on the location and type of services or product provided. The MNE would likely become more dependent on technology for telecommuting and would seek to operate twenty-four hours a day, year round (Rothaermel, 2013). As such, if our service or product was related to the technologies being implemented by the MNE, then the firm would become a larger player in the MNEââ¬â¢s operations. However, if the MNE was able to tap into its own knowledge-base to provide the services or product our small firm provides, then we would no longer be needed by the global giant. References Rothaermel, F. T. (2013). Strategic Management. New York: McGraw-Hill/Irwin. Walmart. Our story. Retrieved on January 25, 2015, from http://corporate.walmart.com/our-story/
Tuesday, January 21, 2020
Essay --
The Roman orator once stated, ââ¬Å"Outside of my home is where my life is madeâ⬠or in the Roman language he said, ââ¬Å"Ex mei domus est ubi mei vita factavestâ⬠. He understood that most of our lives take place other than inside our homes. Also, it is important for people to enjoy the natural environment for several reasons. First of all, around the world lumberjacks are cutting down trees to make room for houses, office buildings, movie theatres, malls, and much more. The company who has told these lumberjacks to do this hideous deed does not know that by carrying out this action, the company and its employees are taking away millions of animal habitats. It varies from the Bobcat to the Grey Squirrel and animals like humans need shelter, food, and water to survive but without it, they die. People being able spend time in the outdoors will see what mankind is doing to these innocent little animals and might consider not to demand things that might hurt someone else. They will soon appreciate the natural environment and what Mother Nature has to give to the world. Another reason is that the p...
Monday, January 13, 2020
M1a3 livoria sandwiches, inc. Essay
This report examines strategic alternatives that would help owners of Livoria Sandwiches Inc. gain competitive advantage in a growing market, achieve its profitability target and maintain its strong reputation of having a high quality and unique product in the industry. This report provides an analysis of the companyââ¬â¢s current situation, identify strategic issues and analyze strategic alternatives. These also provide recommendations as to courses of actions the brothers should adopt to reach their goal, and proposed implementation plan. CURRENT SITUATION Stakeholders Preferences: * Go franchising (Paul) * Enhance vegetarian menu (Sam) * Preserve quality and control (Sam) * Realize $1.1M net income by 2015 (both Paul and Sam) *Avoid using line of credit (both Paul and Sam) Constraints: * Cash * One supplier of all store requirements/ingredients * Bank requires $20,000 minimum cash balance at any given time * Number of hours work * Working space Environmental Scan : SWOT Analysis Exhibit 1 Current Financial Assessment ââ¬â Lowest profit of .29% compared to industry wide due to $500,000 contingent liability booked in 2012. Removing this extraordinary item would result to 24% operating income which is higher than Dawkins industry benchmark ââ¬â 52.93% highest Contribution margin than industry average ââ¬â High growth % versus set by the industry ââ¬â Available line of credit -Impressive performance among competitors whether franchising or non-franchising -Debt free Key Success Factors: * High-quality traditional custom-made sandwiches developed through generations *Loyal client base and recognition * Effective obsolescence plan * Zero Debt Key Risks: Losing market share and competitive advantage Limited experience how to compete and to grow the business Just one supplier to sustain store operation/production MAJOR ISSUES 1. Increase profitability 2. Growing market STRATEGIC ALTERNATIVES 1. Expanding without franchising 2. Open Franchise Agreement ANALYSIS OF STRATEGIC ALTERNATIVES I. EXPANDING WITHOUT FRANCHISING PROS CONS Develop product lines by introducing vegetable sandwiches (Appendix 4) shows an increase in cash inflow from 155% in 2013 to 319% in 2015 May cannibalized existing/old product lines which the company is being known for Attracts customers with other preferences and may compete broadly in the industry by branching out in new locations Requires additional training cost, space, business strategy and building customers recognition, hire professional help which may cause additional fund or used available line of credit Established and maintained more suppliers that would provide more options and huge discounts in large orders May affect existing quality standard of the custom-made sandwiches Discover more hidden opportunities from existing operations, by adding value to the product, and improve training the staff Financial Assessment if expansion without franchising: a.Total CM% increase from 2012 52.93% to 60.50% in 2015 (Appendix 3) b. Total profit show a positive increase from 18% in 2013 to 31% in 2015, far reaching the brothersââ¬â¢ preference of $1.1 M in 2015, Appendix 3 showed $1.4 M net profit c.Return on investment assuming initial cash balance net of the minimal requirement ($20,000) was use to introduce new line of menus showed a remarkable result of 21% ROI in 2013 to 249% return in 2015, Appendix 3 d.Cash budget projections with new line of products showed increase cash inflows from $556K (2013),$869K (2014) and tremendous increase of $2.3 M by the end of 2015 ââ¬â Appendix 2 e. Appendix 4 showing Statement of Cash Flow present a positive economic growth, from $423K cash inflow generated in 2013 155% increase in cash to $1.9M in 2015. Calculating IRR for the next 3 years showed 478% return. II. OPEN FOR FRANCHISE AGREEMENT PROS CONS 1. opportunity to grow faster than would be the case of training employees create internal marketing strategy, sales and distribution 1. significant disadvantage is loss of control, though substantial restrictions may apply because of franchise agreement, franchise is still considered a 3 rd party who would seek to maximize return of investment at your expense 2. use of franchising fee/capital will expedite growth/network of the company than finding one for the business 2. part of your profit is use to utilized to promote your franchise/s 3. franchising motivates franchisee to excel and go beyond to succeed due to incentive scheme and growth is dependent upon the success of your business 3. substantial product knowledge and expertise has to be shared concerning your business although restrictions may apply but control over it is difficult to enforce and monitor 4. will increase purchasing power as franchising network grows and that eventually reduced cost to operate, gain profitability from small units 4. skills required to monitor, manage and support franchise/s are far different than handling your own employees 5. may thrive from downturn like recession compared to non-franchise business 5. standard sets in doing franchise may alter your consumer taste. RECOMMENDATION Both alternatives if done in a well thought out plan may manage companyââ¬â¢s growth strategically. Since it can be done drastically and uncontrolled way major casualties of which could be customer dissatisfaction and will adversely affect cash flow. IMPLEMENTATION PLAN So it is necessary therefore to manage the growth process so we can obtain benefits in a medium and long term. The following may be executed: 1.Plan your expansion, not just by reacting to the circumstances but creating a solid plan, Ansoff Matrix (Exh 2) can be a helpful tool in creating this roadmap. 2.Donââ¬â¢t over expand, which is one of the biggest danger in growth phase. A 3 to 5 year projections plan capacity is doable and allow additional 10% capacity over and above that for challenging times. 3.Get professional financial advice because expansion entails monetary implications, with expert help we can reduce the risk and address issues right away. 4.Shop around, look for the target-location where marketing the product may established the same acceptance by the customers. 5.Develop a project management for the expansion in a formal way to uncover other possibilities 6. Keep customers informed about expansion plan and what to expect, when disruption may take up and how will the company will deal with it. 7.Announce the completion of the expansion. Inform target customers about the increase capacity, new menu and additional services to be offered. A good marketing device will help the company introduce this expansion in a high note.
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