Identify the business, strategic framework of the Essays - Economy

Identify the business, strategic framework of the Essays - Economy Identify the business, strategic framework of the business, the operations and explain why operations management is important for the organization. (10 Marks) Trendy Connections Pvt Ltd is a knitted apparel manufacturing business that was founded in June 1992 and has been operating in the industry for more than two decades. The business's primary goal was to produce high quality T-shirts at an affordable price, because at the time most people would wear very formal attire but by the early 2000's this trend began to decline as comfortable clothing became more desirable to the eyes of consumers. So Trendy seeing a potentially growing market started manufacturing T-shirts and comfort wear. Their most popular products are children's clothing under their Disney Collection. And due to changing market trends, Trendy has now taken up a variety of apparel such as sports clothing, which is manufactured under a new brand. (trendyconnections.lk) Strategic framework of Trendy The direction and scope of an organization over the long term, which achieves advantage in a changing environment through its configuration of resources with the aim of fulfilling stakeholder's expectations. (Johnson et al, 2007) Trendy is now currently following McKinney's Strategic horizons (business strategy level). This is mainly focused on the growth and innovation of the business as whole by adopting new ideas and processes. This strategy requires a business to categorize their goals into 3 different horizons (segments). Horizon 1: Core business This encompasses the activities that are more closely aligned with the current goals of the business. Most of the activities that contribute to the overall revenue of the business will belong to this category. For Trendy this would be the manufacturing of their brands which include the following processes: stitching, dying, printing, embroidery, cutting, sublimation etc. Supplying and delivering to the current stores and outlets is also very important, as well as advertising and promotional orders for other organizations. Horizon 2: Emerging Opportunities Emerging opportunities are all about taking what a business already has and extending it out into new areas of revenue. For Trendy this could be increasing marketing and brand awareness by effectively advertising their current sports brand, as it is highly demanded by customers. This could be done by making the product more available in more stores by having exclusive partnerships with certain stores, having promotional deals. Or by offering unique designs and features which could be devised by the design team and production team to create a unique identity (unique selling point) for the product. Horizon 3: Blue Sky The Blue sky horizon is all about taking the business into different ventures or directions. For Trendy this would be setting up their own retail business which would give them total control over how they can market their products. Or they can enter the e-commerce market by setting up their own online store or partnering with existing online businesses such as Wow.lk, Mydeals.lk etc. As online shopping is becoming increasingly common due to the fact that it is convenient and cheaper for customers rather than traveling to a regular store which is more costly (travel expense). (www.executestrategy.net, 2017) The day to day operations of Trendy (Batch Processing: no. 2017) Trendy operations consist of manufacturing a variety of apparel in batches according to the year, but the product that is produced the most often and has the highest volume is the T-shirt. The manufacturing of T-shirts is a largely labour intensive process. Employees operate specialised machines which are designed for: cutting, assembling, and stitching for the most efficient operations. The most commonly used seams for T-shirts are narrow, superimposed seams, which are usually made by placing one piece of fabric on to another and lining up the seam edges. There are various stages in the manufacturing process of t-shirts and some businesses differ from others due to the variations and quality of machinery. 1) Design department: Before the garment can go into production it must be designed by a team of designers and approved by the marketing department. First a rough sketch is made by a designer then a colorist matches the appropriate colors with the design. Then a graphic or CAD designer will use these ideas to come up with a better design consisting of different prints using computer software. 2) Marketing department: After the

Industry business model paper Essay Example | Topics and Well Written Essays - 2000 words

Industry business model paper - Essay Example Some fifty million Americans gamble each year, betting anywhere from $30 billion to $100 billion, depending upon the estimate one chooses. The vast majority of this money is wagered illegally. Many states, however, are now stampeding to legalize lotteries, approve new racetracks and set up off-track betting! By early 1974, eight states were operating lotteries, with at least four others about to open for business. New York city began legalized Off-Track Betting (OTB) in 1971, and many other places, too, may soon do so. Also, New Jersey, Maryland and Hawaii are said to be considering joining Nevada in legalizing casino gambling. Yes, gambling is indeed a huge industry that is largely growing around the world today. For this particular reason, business organizations are actually becoming more interested in investing in gambling industries at present. For them, the said approach to business may indeed be risky, but the returns from the said challenging risks are all worth it. Among the business entities that were able to identify this particular truth behind the worldwide gambling industry’s progress towards the future is that of the Mandalay Business Corporation. The Mandalay Resort Group has invested a $1billion business entity to establish the Mandalay Bay Resort and Casino in Las Vegas. This particular investment has actually made a great impact in bringing in a tropical resort theme in the middle of the wild luxurious gambling industries. This particular resort holds at least 3,700 rooms within it vicinities and several huge function rooms within the area which are all made for gaming, dining and entertainment options that are considered as the main life of the said resort operations. Hotels are mainly establishment who accommodates people who needs housing due to traveling reason and those who are searching for temporary residence. Since they establishments are known for

Business Ethics and Organizational Culture Essay

Business Ethics and Organizational Culture - Essay Example Organizational culture has an impact on the way in which an organization executes is vision and mission and affects the manner in which it deals with customers, employees and other third parties. It also determines some other critical aspects such as the level of involvement of employees in decision making process, innovation, contribution to new ideas as well as expression of opinion. The organizational culture also determines the hierarchy and the commitment that employees have towards to the organization. Organizational culture is often said to be one element that is most challenging to change or alter and hence, the way in which it gets shaped is very important (Cummings et al, 2004). Therefore, the way in which leadership of the organization paves and molds the development of culture is of critical importance. Enron and Organizational culture The Enron scandal which happened in early 2000s is one of the major scandals of corporate history where it came to light that the organiza tional leadership took advantage of certain loopholes in accounting and hence, did not show their losses and debts in their financial statements. As it was an accounting scam carried out purposely, the leadership Enron received major criticism on account of improper ethics as well as flawed organizational culture. Jeff Skilling (President) and Ken Lay, the CEO had intense focus on making huge profit and this compromised the ethics. To make this huge amount of profit, the employee reward system was changed to such a manner that compensation was totally based on the level of profit that an employee can produce and there were no caps on salaries. This resulted in an extremely competitive environment where dishonesty would be overlooked and profits were the only thing that mattered. The belief that making more money permeated through the organization in such a manner that it became a norm. According to Cruver (2003), it was clear to the employees that the leadership expected 'profit at all costs' from them. In addition, the focus was on short term bottom line which made the employees and traders even more aggressive towards making more money. Therefore, a culture was established where employees were hired and fired based on the profits that they bought to the organization. Enron Leadership and its responsibility in the Scandal As per Schein (1985), leadership is one aspect that causes the creation, reinforcement as well as change in the culture of the organization especially from an ethical perspective. The responsibility of the entire scam and the subsequent crisis lies with the leadership because the way in which the key executive players of the organizations such as Ken Lay and Jeff Skilling reshaped the culture determined this particular outcome. They adopted several strategies to make changes to the culture so that it centers around profit and money. One of the first strategies adopted by them was to shuffle their staff around and hence, giving pink slips to the employees based on performance became an accepted practice. However, as the employees were rewarded with a huge compensation for their performance, they cultivated a set of employees who were high performers, but who chose to ignore tenets of basic ethics. Hence, the entire culture of the organization underwent a transformation within a short period of time. As

This Years Underwater Madness Essay Example for Free

This Years Underwater Madness Essay The film chosen is called Shark Tale a story bout the little fish with a big dream. Actors Courtesy of DreamWorks This animated film created by Dream Works has chosen only the very best for such a film, featuring: * Will smith as the voice of Oscar in the film. * The award winning Robert De Niro with his strong role as the voice of Don Lino The don of the great white Sharks. * The Oscar winning Renà ©e Zellweger, here as the voice of Angie. * The beautiful Angelina as the voice of Lola. * Jack Black in his very comical role as the voice of Lenny. * Martin Scorsese as the voice of Sykes. The running time is 90 minutes (1hr 30mins). Certified PG (Parental Guidance) The cartoon images in Shark Tale are well presented, with the anthropomorphic fish taking on the facial characteristics of their voice actors. The Plot The film is about a fish with no money and high aspirations and all he wants to do is earn money and become famous, we see Will Smiths Oscar imagine himself on billboards and in movies because thats all he sees and when meeting a very beautiful fish Angelina Jolie named Lola his dreams become even more important because her interest in guys involves how heavy their wallet is. He carries this too far when placing a bet on a horse when he thinks a race is fixed, placing 5,000 clams (the underwater currency) he loses the bet and the person he owed money to has his hit man deal with him, before they can get to him sharks turn up, one being a vegetarian cant eat him, his brother son of the Don gets hit bye an anchor. My Personal Opinion I thought this film was very entertaining and quite comical it had a spark to it and was very good for the little children, they would adore a film like this one, especially it being released after Finding Nemo it gave it some competition though Finding Nemo did come out on top. Comedy even on the emotional parts all round good film must be watched and great for the family.

ICQ Essay -- Communication Technology Computers Essays

ICQ "Uh oh!" At the familiar, high-pitched voice, my head snaps up from the assignment I am completing half-heartedly and turns to my computer screen. My hand has already moved unconsciously towards the computer's mouse, even before my eyes even make contact with the screen. Sure enough, the sound indicated that a message awaits me, and I double-click on the flashing yellow icon in the bottom right corner of my screen. For almost an hour now, I have been engaged in this "conversation" over ICQ, an Internet-chat program, with a high school friend who currently attends another university. I am also chatting simultaneously with four other friends about separate topics. Ever since coming to college, ICQ and email have become my primary methods of keeping in contact with, leaving messages for, and having discussions with my friends. When I meet a person, the first means for establishing future contact is no longer "What is your phone number?" but rather, "What is your email address?" which is closely followed by "Do you have ICQ?" Electronic communication media are not only convenient, but they are economical and allow instantaneous contact. If I initiate an ICQ Chat with one of my friends, I can even save it as a file and replay the conversation with every detail, including the misspellings and corrections. Information technology has boomed in the last ten years or so. We seem to have landed in the middle of a completely networked world without quite knowing how we got there. Distance no longer inhibits communication, and we have become a world that is better connected. Or have we? My freshman year college roommate spent his entire freshman year ICQ-ing, IM-ing (i.e. Instant Messenger, America... ... Perhaps driving to the store, picking out groceries, and getting into an argument with the checkout person will do us more good than the half hour we save by grocery shopping through HomeRuns.com. A little over a week ago, when a virus wiped out my computer, I lost network access in my room. I dreaded the inconveniences I would face before getting my computer fixed. No more ICQ, no more instant email. For a two weeks now, I have needed to check my email in a friend's room, read a newspaper to find out the news and the weather instead of checking cnn.com, and make phone calls in order to locate people instead of ICQing them. As I evaluate these two Internet-less weeks, however, I find that I have had more intellectually stimulating conversations in this week than I have had in the previous month. Who knows? I may resist the desire to fix the connection.

Totalitarianism Soviet Stalin

To what extent was the Soviet Union a totalitarian state by 1939? The term ‘totalitarianism' emerged in the 1920s and '30s, to describe the dictatorial regimes which appeared at that time in Germany and the USSR. The Soviet Union was undoubtedly totalitarian by the late 1930s. However, Stalin's power was anything but absolute up until that time. It took the Great Terror, the cult of personality and two decades of political patronage to put him in a position where he could abandon the pretences of law and rule like a tsarist despot.According to the political scientist Carl Friedrich, a totalitarian regime is istinguished by the following characteristics: a powerful ideology, which promised the onset of a golden era; a single mass-based party, led by a charismatic dictator; a system of terror, built around a ruthless secret police force; and the centralised control of the economy, the mass media and the armed forces. Clearly, the Soviet Union shared all of these characteristics b y the late 1930s.As far as ideology was concerned, Marxism-Leninism offered a powerful and appealing vision for the nation: a society that was devoid of exploitation, and in which all men and women were qual. Of course, the reality in no way mirrored that vision, but this could be rationalised on the grounds that state control was necessary until capitalism had been vanquished elsewhere in the world. Marxism also offered a deterministic interpretation of history, in which all societies were moving towards socialism.Hence, dissidents (those who opposed the Stalinist vision) could be swept away on the grounds that they were standing in the way of history. Politically, the Soviet system had many characteristics of totalitarianism even before Stalin had consolidated his ule. Russia had become a one party state within a year of the Bolsheviks seizing power, and that party soon grew to have millions of members. With the outbreak of the civil war, the Cheka had been given the power to deal with enemies of the Revolution without the inconvenience of a trial.No one knows how many people were put to death in this way between 1918 and 1924, but it was at least 70,000 and possibly as many as a quarter ofa million. Even so, the Communist Party itself retained many democratic elements throughout the 1920s. Stalin needed the support f his colleagues to attain pre-eminence within the Politburo, and this dependence continued until the 1930s. Even as late as 1933, he was unable to persuade his colleagues to have dissident elements within the party put to death. Only two members of the Politburo (Molotov and Kaganovich) were willing to back him on this.Two others (Voroshilov and Kalinin) were reluctant to agree, while the rest (Kirov, Ordzhonikidze, Kossior, Kuibyshev and Rudzutak) were totally opposed. To obtain absolute power, Stalin needed to circumvent the traditional avenues of authority and resort directly to terror. Kirov's assassination gave him his chance. In 1936, he u nleashed a series of show trials, to discredit and eliminate his enemies within the Central Committee. In the first of these trials, in 1936, Stalin eliminated the so-called ‘Oppositionists' – those Old Bolsheviks who had tried to block his rise to power in the Os (men like Kamenev and Zinoviev).The second set ot trials, in 1937, was aimed at Stalin's own allies – those who had opposed him on issues such as collectivisation and the execution of party dissidents. Finally, in 1938, he eliminated the remaining members of Lenin's inner circle (men like Bukharin and Rykov). This was accompanied by a full-scale assault on every institution in the Soviet Union: the party, the army, the bureaucracy, the cultural organisations, the industrial enterprises, even the secret police. In all, 18 million people died during these purges.With his enemies dead, deported or terrorised into silence, Stalin now assumed the powers of a despot. As Alan Bullock has written, â€Å"Stalin felt strong enough to order the arrest of any of his colleagues without consultation or appeal to the Central Committee or anyone else – the classic definition of the tyrant's power. (Bullock: 525) However, fear was not the only factor underpinning Stalin's rule. Soviet totalitarianism was also characterised by the state's monopoly over economy, the mass media and the armed forces.As far as the economy was concerned, Stalin replaced NEP with a system of command socialism. Under this system, the state owned virtually all productive assets and ran the economy via central planning. Agricultural land was collectivised, and a series of Five Year Plans was introduced to facilitate industrialisation. Another area where the state enjoyed a monopoly was the media. There were over 10,000 newspapers in the country, and all were government owned or controlled. The regime also controlled the nation's cinemas and film production houses.

Ethical Issues of Health Care Essay - 2075 Words

Ethical issues in health care PHI 111:71 Tuesdays 5:25-7:55 Dr. Aronson November 2, 2008 Word Count: 1,993 An Ironic Reversal of Professional Perspective in Medical Ethics An Ironic Reversal of Professional Perspective in Medical Ethics The movie â€Å"The Doctor† captures the shortcomings of a mechanized health care industry. Dr. Jack McKee is a gifted, however, arrogant, and self centered surgeon who cares little about the emotional welfare of his patients; treating them with a callous attitude, and examining them as specimen. Out of the four models of physician/patient relationship, Dr. McKee exemplified the Paternalistic model, the least ideal model for physician/patient interactions. He makes decisions for the patient†¦show more content†¦It also goes against the requirement of a medical committee member to promote education regarding medical ethical matters and also to assess and provide patient care by demonstrating a respect for patient rights. However, despite Dr. McKeen’s callous attitude towards his patients, I believe he would follow the principle of beneficence, a supporting theory about the value of avoiding harm and helping others. Although he treated his patients in a lac kadaisical manner, he demonstrated his gifted surgical abilities with the ultimate goal to heal them. Even when he is diagnosed with cancer and scheduled to receive radiation therapy, he’s concerned about missing his scheduled surgeries and continues to go to work despite his sickness. In the beginning of the movie, Dr McKee was an egoist. Even though he performed the kind actions of operating on people and saving their lives, he was only acting in his own interest. He didn’t actually care about the patients. On his way walking into a scheduled operation, he stated â€Å"A surgeon’s job is to cut. Caring is all about time. I’d rather cut straight, and care less.† He believed he had a right to his own interest, which was to do his job, and care only about his interests, which is exactly how egoists think. Towards the end of the film, he turns intoShow MoreRelatedEthical Issues Of Health Care954 Words   |  4 PagesIntroduction: It is quiet common in health care profession that there is always clash between a patient’s family and health care personnel. It has been observed that few patients inevitably suffer from the consequences, that they made during the course of their care or when they are hospitalized. Many people, who need surgical procedure or diagnostic tests, are compelled to wait months, or in worst cases for few years. 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