Growing For Broke - 2441 Words

Stephen Kim MGMT 430 Growing for Broke Case Write Up A. Executive Summary: Paragon Tools is having a difficult time deciding if the company should acquire MonitoRobotics or completely remove the service area from the company. The company was facing foreign competition. So they decided to launch a number of different initiatives that were designed to spur revenue growth, which gave aggressive pricing and sales to increase with more share in the core market. Those tactics drove out most of the new foreign markets. The decision of acquiring MonitoRobotics was in between half from favoring and half declining. The reason was the amount of funds it will take to overhaul the culture and capabilities. Potential seems promising with huge†¦show more content†¦5. Time to Market – How long will it take to market new services? 6. Competitor Response – Will competitors prove an aggressive response that could danger Paragon’s future success? 7. Community Response – How will the community accept acquiring MonitoRobotics? F. Alternatives: Two major proposed solutions were described in the case. First option is to acquire monitoRobotics and offer instant service with the existing and new products. The second option is to eliminate the service industry from the company as a whole. Nikolas argues that this would hurt the company’s reputation in brand image Paragon Tool’s has created. He recommends acquiring MonitoRobotics as soon as possible due to close competitions acquiring about the same company. A third solution can also be just leaving everything the same and running the company as it is currently. 1. Acquiring MonitoRobotics Pros: Acquiring MonitoRobotics will offer instant services which will generate a positive cash flow in the long term Customers can now enjoy both high quality products with quality after services Will stay ahead of competition Cons: Could damage the brand image if service department fails Decrease margins and profits in short term due to cost Competition might create alternative Decreased margins to possibly a negative figure 2. Eliminating the Service part of company Pros: Focus on productShow MoreRelatedGrowing for Broke753 Words   |  4 Pagesshort term investments for long term goals. The profit margins had slipped and his colleagues became skeptical.Inspite of the year on year drop in earnings, Nicholas wanted to acquire MonitoRobotics to give Paragon a powerful presence in the fast growing business. Paragons service division accounted for less than 10% of the revenue. So to outrace BellowsSamson,Pragon had to acquire Monito Robotics which was a breakthrough opportunity.William Liitlefield,CFO,being the pessimist he is, argued thatRead MoreExamples Of Innocence In Catcher In The Rye1143 Words   |  5 Pages In a coming of age story, losing innocence is a sign of growing up and change. This is seen through characters that have effected Holden in a way, just like how Allie’s death showed him the harsh reality of life, and symbols like the record he bought for Phoebe shattering into pieces representing innocence breaking when growing up. In the Catcher in the Rye, Salinger shows how innocence plays a main role in Holden’s life as he is growing up and is significant through important people who have impactedRead MoreThe Secrets of a Teenage Life900 Words   |  4 Pageshis character Holden Caulfield by both physical actions and expressed emotions in the book The Catcher in the Rye. The overall main message of the book is to express the troubles that are involved with growing up in the adolescence years, to Holden Caulfied, the main character of the book, growing up involves dealing with the phoniness of others and just not caring about much that is expected of life. Many negative effects come out of the adolescence years in the eyes of J.D Salingers, Holden CaulfieldRead MoreSymbolism In The Catcher In The Rye By J. D. Salinger791 Words   |  4 Pageswho was himself. Holden then goes on to recall how his brother died of Leukemia on July 18, 1946, and how when his brother died he didn’t handle it very well. When Allie died Holden slept in the garage and broke the windows when punching them. â€Å"I slept in the garage the night heh died, and i broke all the goddam windows with my fist, just for the hell of it,† (page 39). The main point of the glove is to represent Holden trying to keep kids and himself from transitioning from childhood to adulthoodRead MoreThe Great Depression By Russell Baker930 Words   |  4 Pageslives was through poverty because it tore relationships apart and damaged the spirit of society while unexpectedly bringing families together in unity. The Great Depression broke people and their relationships apart. It strapped Americans of their money, way of life, and societal pattern. In Russell Baker’s memoir, Growing up, he talks about this and the experience his mother, Lucy Elizabeth, endured when giving up her youngest daughter Audrey. After the death of his father, George Baker, his motherRead More Parental Rights Essay629 Words   |  3 Pages why, when and where. nbsp;nbsp;nbsp;nbsp;nbsp;Secondly I feel that by setting the law that parents serve the time for their child’s actions goes against a valuable lesson that is taught to a youngster from when they were young. When I was growing up, I remember to this day that you are suppose to take responsibility for your actions. The parental responsibility law, goes against this valuable teaching. This law does not teach the adolescent that as becoming a adult they have to accept certainRead MoreThe Security Threat Of Prisons And Police Officers1224 Words   |  5 Pagespeople. The Ku Klux Klan is not a prison gang, although it can be related to the Aryan Brotherhood, therefore their strongest and weakest prisons are not recorded but out of prison the east side is where they are the strongest. This terrorist group is growing because of the racial tension there has been lately. The Folk Nation gang started back in 1960 by the group leader, Jeff Fort. It started off as a youth group then developed to a criminal organization. The group was controlled by â€Å"The mainRead MoreThe Great Chicago Fire983 Words   |  4 PagesOn Sunday, October 18, 1871 the largest fire Chicago has ever seen broke out. Hundreds died and thousands of homes were annihilated. Devistation towered over the city, ashes floated gracefully through the air as bodies, houses and cherished items burned. People ran in fear, holding their young, crying for the gone, searching for saftey. Searching for life. Searching for hope. The past few weeks had been hot, dry, and rainless. A drought. Rain had not fallen for three months. Though, despiteRead MoreA Successful Career in Public Relations Essay1101 Words   |  5 PagesOn October 14, 2012, Felix Baumgartner flew up 24 miles above the Earth’s crust and jumped. He broke many world records that day (Mission History). Baumgartner broke the record for the highest exit altitude (24.21 miles) and also broke the sound barrier. He achieved the record for maximum vertical speed at 843.6 mph and longest freefall at 119,431 feet (Mission History). This stunt was thought up by a public relations specialist for the energy drink company Red Bull to get the attention of potentialRead MoreJackie Robinson Hero Essay813 Words   |  4 Pagesexamples of things he has done is that he has broke the color barrier, he fought for integration for major leagues, he was a very influential player. He never gave up. He kept on trying. Jackie Robinson was born in Cair o, Georgia in 1919 to a family of sharecroppers. His mother raised Jackie and his 4 other brothers. They encountered a lot of prejudice while living there. Jackie Robinson is a hero because he has long history filled with great things. He broke the color barrier, and he showed perseverance

Essay on Feudalism and Capitalism - 3836 Words

Feudalism and Capitalism Economic processes are those involving the production and distribution of goods and services. However, they do not alone determine this production and distribution. There is an interrelationship of economic, cultural, environmental, and political processes that all help to shape each other. Nothing that we do can be defined as a single process, for it is the interaction itself that helps to produce the final results that we observe. To understand this more fully the following basic definitions may be of use: Cultural Processes are those that involve the creation and transfer of knowledge-the production of meaning. Political processes are those by which we establish and enforce rules, and they†¦show more content†¦Films are important and useful tools for the analytical process that needs to take place when searching for the answers to the questions. Films are understood to be, among other things, the product of a particular economic theory or set of theories (which can be contradictory), to teach particular theories (including economic theories), and to provide an objective for analysis using economic theory. (Professor Gabriel) It is with this in mind that the films of Matewan and Norma Rae are of importance to us when analyzing the concepts of feudalism and capitalism, because they are films that contain in them examples from these two types of economic systems. While the concept of unions is prevalent in both films, the reasons for their existence and the results of their existence appear to be quite different, but important all the same. Thus, the films can also be used to help increase our understanding of the importance and the role of unions in society. John Sayles, the writer and director of Matewan, produces for the audience a true depiction of the West Virginian coal-mining community of 1920. At a surface-level viewing and examination of the film, many might be tempted to view the environment that is created as capitalist. After all, the workers do get paid for their services. However, upon a much deeper, more in-depth inspection one could argue that there is much evidence toShow MoreRelatedThe Fall Of Feudalism And The Rise Of Capitalism1304 Words   |  6 PagesThe fall of feudalism in the 12th century eventually led to the rise of capitalism. To get there, the first thing needed was a change in thinking. This began with the scientific revolution, and led to the Enlightenment in the 18th century. The Enlightenment, also known as the Age of Reason, was highlighted by individualism, reason, and skepticism. Skepticism caused people to denounce divine right of kings, thus moving from monarchies to democracies. This desire fo r knowledge coupled with the scientificRead MoreKey Differences Between Feudalism And Capitalism996 Words   |  4 Pagesdifferences between feudalism and capitalism. Explain how Heilbroner discusses the rise and establishment of capitalism? In this short essay, I will explain few key differences between feudalism and capitalism based on Heilbroners book. They are as follows: the property rights (Land), the system of wage and labor (Workers), and the existence of competition. Additionally, I will discuss the rise of capitalism based on Heilbroner point of view. Both feudalism and capitalism are defined by manyRead MoreTo What Extent Is American Capitalism Representative Of European Medieval Feudalism?2015 Words   |  9 PagesExtent is American Capitalism Representative of European Medieval Feudalism? American capitalism is the foundation by which economic growth has propelled the U.S. economy to be a powerhouse. A system based on free enterprise and the â€Å" sweat of our brows†, it establishes the notion that it is a progressive step in equality and is detached from past economic systems. If one were to look closer, however, it becomes apparent that capitalism is not much of a far cry from feudalism in medieval europeRead MoreFeudalism and How It Affected Old England792 Words   |  3 Pages Feudalism was a very important aspect in developing the political organization in medieval England. It was one of dominant governments used by the nobles. Feudalism was when one of the king’s noblemen would give land to a man known as a fief and give the fief people to work the land for him. These people are known as serfs. The fief would then protect the serfs from being attacked as long, as long as the serfs worked the land to provide an income for the fief. If the fief accepted the noblesRead MoreCapitalism And Capitalism883 Words   |  4 Pagesthe stones that when put together, help to form Capitalism. Capitalism in essence, is a system of economic value in which private ownership is the source of production (Such as factories, and farming). Goods are produced and in return, income and profit are gained. The generally accepted characteristics of what Capitalism is, such as private property rights, specialization of jobs, profits, division of labour, did not originate around Capitalism. In actuality, these were just the stepping stonesRead MoreThe Communist Manifesto By Marx943 Words   |  4 Pagespeople’s ancestors were lazy and capitalism starts with violence of one class against another. Marx mentioned, â€Å"The history of all existing societies is the history of hitherto class struggles†, struggles between oppressors and oppressed. In history, Ancient slavery and society evaluated over time to feudalism than to capitalism where minority and majority groups existed. The minority group in ancient slavery and society was the kings and the majority was the slaves. Feudalism, the minority was the lordsRead MoreKarl Marx And The Productive Power1182 Words   |  5 Pagessocial rebellion. In the following chapters I will explain how the mode of production for feudalists, capitalism, and socialism will possibly lead to communism. I will elaborate on the social conflict, exploitation faced by the oppressed, and why Marx believed that the mode of production from these classes, except communism will inevitably self-destruct. Feudalism The very definition of the term feudalism as it relates to the 19th century is that of a dominant social system in medieval Europe, in whichRead MoreMain Reasons for the Fall of Feudalism1067 Words   |  5 PagesFeudalism developed as a result of the frequent invasions made by the vikings during the Middle Ages around the 900s to early 1500s. Feudalism served its purpose by creating a system where the king would appoint lords that would appoint knights to appoint serfs that would be expected to work the land and fields in exchange for food, protection, and accommodations. It provided stability because lords were able to govern smaller groups of people through a system called manorialism. Feudalism allowedRead MoreWays in Which the French Revolution had a Lasting Impact on France853 Words   |  4 PagesFrench Revolution. This in itself shows that the revolution had a major impact on France. It played a significant role in changing France through, for example, the new definition of nationalism, the abolition of the monarchy and the abolition of feudalism. Whether these changes succeeded in modernising France or resulted in something that was not any better than pre-revolutionary times is what will be discussed in more detail using the above three examples. Nationalism did exist, to a certain extentRead More The Formation of Capitalism in European History Essay1354 Words   |  6 PagesThe Formation of Capitalism in European History Pure capitalism is characterized by private ownership of resources and by reliance on markets, in which buyers and sellers come together and determine what quantities of goods and resources are sold and at what price. Here no central authority oversees production and consumption. Rather, economic decisions are coordinated by the actions of large numbers of consumers and producers, each operating in his or her own self-interest. Because property

Collaboration and Management Across Borders †MyAssignmenthelp.com

Question: Discuss about the Collaboration and Management Across Borders. Answer: Introduction Project management is an important aspect in the industrial sectors. Every company situated globally follows the project management requirements for meeting the goal of their intended project. Hydraulink Australia is a manufacturing based company which is focused on the supply and manufacture of hydraulic related items. They have decided to expand their official architecture for serving the needs of the local people utilizing their business services. This report includes a discussion of the organizational aspects. This report also includes a stakeholder analysis and an implantation schedule along with a meeting organization plan. Organizations name: Hydraulink Australia Industry sector: Manufacturing industry Employee numbers: 200 List the job roles: 1. Assembler/Fabricator- responsible for assembling the end products by manual or automated tools. 2. Solder/welding expert- for welding purposes 3. Production manager- responsible for overseeing the production of the site 4. Machinist- responsible for maintaining and setting up of mechanical or automated machines 5. Quality control inspector- responsible for monitoring the quality of the materials and the end-products which will meet the demands of the stakeholder Services and products: Hydraulic based machine parts Which locations would be suitable to open new premises for this organization 1. Local areas of Australia where the company is experiencing sales 2. NSW region List what products will be selected to start this new sites 1. Construction based machines for building the site 2. Stakeholder permits (Taking permits from the government of the area) 3. Resources will be required (labor and financial resources) What staff will be needed in the new location and whom will this new staff be reporting to The new location of the office will be comprised of local employees. These employees will report to the managers who will in turn report to the general manager responsible for the office. The staffs will include accounting staffs, sales staffs, HR staffs and mechanical staffs. Each of these staffs will be reporting to their respective team lead and managers. In addition, the office will also be comprised of quality managers and production managers. What resources, infrastructure will be required for the new site For the new site, financial resources are the first consideration for finishing the site. The next resource if human resources in the form of labor. The next is the installation of machineries. Lastly, the interior designing resources like doors or windows are to be used. What resources you already have available to use for the new sites According to the present infrastructure of the company, only financial resources are present for considering the construction needs. Are there any specific requirements that will ensure that clients can access the organization The offices will be situated in local areas and will be comprised of local employees related to that area. This will ensure effective communication among the clients and the employees. Are there any legislative requirements which the organization must follow: 1. National Construction Code of Australia 2. Australian Procurement and Construction Council Are there any issues or risks or additional requirements which may impact on the project schedule and planning The site needs to plan the resources required for effective performance of the project. In case the resources are not gathered in time, it will lead to delay in the project development. Project plan and requirements This section of the report discusses about the various stakeholders of the project. Goal / task Steps Specialist Priority Timeline 1. Analyze the resources required for the project In this goal, the objectives include the planning of the project. This will help in getting a general idea of the requirements (Kerzner and Kerzner 2017). The next step involved is to generate budgeting for the resources such that the cost of the project will be estimated before the commencement of the process. Project manager Very high 1-2 months 2. Resource acquisition This goal of the company will help in analyzing and gathering the needed resources. This will be done by considering the needs of the stakeholders. This goal will also involve gathering of government permissions for constructional activities. Manager responsible High 3-6 months 3. Development of the site The Company will issue the commencement of the site. This will help in addressing the requirements of the project. Once an infrastructure is made, the business activities will be emphasized such that it can be able to meet the needs of business. Site manager Medium 5-8 months 4. Staff hiring This task will need hiring of additional staff of the company. As the expansion of the company is considered, the need for added staffs is adopted. This will mainly be done by appointing local people who are qualified for the job (Schwalbe 2015). Job postings and listings will help in addressing this task effectively. Recruitment department High 7-12 months Project timeline 1st-2nd month 3rd-4th month 5th-6th month 7th-8th month 9th-10th month 11th-12th month Planning of the project Budgeting and cost estimation Resource gathering Government permissions Development of the site Hiring staffs Resource requirements Resource Name Standard Rate Overtime rate Cost Accrue At Base Calendar Project Manager $50.00/hr $0.00/hr $0.00 Prorated Standard Resource manager $45.00/hr $0.00/hr $0.00 Prorated Standard Financial manager $40.00/hr $0.00/hr $0.00 Prorated Standard Supervisor $40.00/hr $0.00/hr $0.00 Prorated Standard Quality analyzer $35.00/hr $0.00/hr $0.00 Prorated Standard Quality manager $35.00/hr $0.00/hr $0.00 Prorated Standard Costs analysis Task Name Cost Development of additional office spaces of Hydraulinks Australia $19,000.00 Project initiation phase $4,000.00 Developing the business case $1,600.00 Appointing project team members $2,400.00 Planning phase $8,000.00 Creating project plan $3,800.00 Creating resource plan $4,200.00 Execution phase $4,000.00 Objectives and scope certification $2000.00 Implementation of quality management system $1500.00 Identifying customer group $500.00 Closure phase $3,000.00 Documentation $3000.00 Risk assessment Risks Risk identification Risk categorization Risk analysis Risk management Mitigation plan Inappropriate monitoring of stakeholder needs Gathering information from sources Project based risk Analysis of the consequences Reduction The stakeholder need is to be considered by following the critical success factor of the project. Wrong analysis of budget Collecting information from sources Financial risk Analyzing consequences Reduction Analysis of the budget is required such that proper allocation of the required resources can be done Improper management Adoption of risk management tools Management risk Analysis of consequences Reduction As the deadline of the project is fixed, the need for management is required. The changes in the schedule assigned for the project can pose various problems in the system. This is a major risk to the system which can lead to delay in the system (Fleming and Koppelman 2016). Changes in the date can also lead to difference in cost of the material which in turn will lead to changes in the budget aspects of the system. These are to be noted for considering the project schedule. Implementation schedule Tasks Requirements Mechanisms required Schedule 1. Verifying the scope and objectives and reviewing changes a) The first requirements is to verify the objectives associated b) This will be monitored for meeting the project requirements a) Measuring the changes b) Recording changes and implementing it 1st month 2. Quality management implementation for reviewing progress a) The requirement is to hire a quality management professional a) Monitoring of the requirements will be done by measuring standards 3rd month 3. Conducting analysis for checking variances a) The need for analyzing the progress of the project is required so that a plan can be made regarding the end of the project a) Reporting can be done by online list building which will store all the reporting instructions 11th month It was reviewed in the team meeting that the project schedule can be made by considering a more diversified timeline. However, for this project, the timeline was made by considering the prospect of the business. The business processes will continue in the partially finished building so that business is on track. Conclusion Thus, it can be concluded that the utilization of project management techniques can help in solving the requirements of business. This will also help in addressing the requirements of the project considered in Hydraulinks Austria. The company will also be able to address them in their business prospects such that an effective scheduling is maintained. This report has thus included a description of the company which explains the required aspects and the details of the company. This report has also included a stakeholder consideration and scheduling aspects for considering the various included aspects of the project like the cost, resources, risks and timeline. Lastly, an implementation plan is also addressed in this report with a review of the schedule. References Binder, J., 2016.Global project management: communication, collaboration and management across borders. Routledge. Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute. Harrison, F. and Lock, D., 2017.Advanced project management: a structured approach. Routledge. Heagney, J., 2016.Fundamentals of project management. AMACOM Div American Mgmt Assn. Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Kerzner, H., 2018.Project management best practices: Achieving global excellence. John Wiley Sons. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), pp.202-217. Schwalbe, K., 2015.Information technology project management. Cengage Learning. Turner, R., 2016.Gower handbook of project management. Routledge. Walker, A., 2015.Project management in construction. John Wiley Sons.