Strategic Plans for Business- Free-Samples- Myassignmenthelp.com

Question: Discuss about the Effective Strategic Plans. Answer: Mission statement Business success depends on many aspects before and during the business operations as well developing effective Strategic Plans that address future development plan and expansions. Selecting the right business is, therefore, the first and most important requirement any entrepreneur must overcome, as this ensures the businesses success and long-term operation and growth. Canterbury Renovations specializes in the design and manufacture of cabinets which are a basic requiring in both the commercial premises and homestead(Talbot, 2003). Cabinets are a basic requirement for any building as they are used for storage and safe keeping of items making them an item which remains in high demand on the market. Canterbury Renovations Market Overview: PEST analysis Cabinets are a basic requirement for every building thus making them an item which remains in high demand among office, commercial building, factories, and homeowners. With practically every person requiring having a cabinet to place their items under lock and key, the demand for cabinets will always remain high(Griffin, 2010, p. 127). Canterbury Renovations currently specialized in the design and production of domestic premises cabinets made from metal and wood but has the scope to expand in many industries which also demand cabinet production. Practically every home and business requires cabinets thus opening up a huge opportunity to expand. SWOT Analysis Strengths Weaknesses Continued High consumer demand Aggressive competitors Cabinet production specialization Rising cost of materials Low cost/ high quality cabinet Requires specialized labour skills Opportunities Threats Ever increasing demand for cabinets Competitors Product line expansion Retaining skilled labour Strategies Canterbury Renovations currently specializes in the manufacture of cabinets which is an industry which offers huge demand but also has the opportunity to expand and undertake other building renovation works(Usigbe, 2015). Cabinets allow for design and production to be made at a different location thus allowing the business to maintain its manufacturing unit outside the city and cut on rental costs as well as secure larger spaces. This helps the business remain competitive and deliver high-quality cabinets to its customers at low cost. Target Market and Positioning Currently, Canterbury Renovations specialized in manufacturing and renovating domestic and residential building cabinets mainly made of wood. The business also has an opportunity to expand its operation in the same area by targeting businesses and industries which also require cabinets and shelving for safe keep and storage of paper work and supplies. In addition to this, the business can also target schools which also offer a high demand for locker cabinets for its students to store their supplies safely(Treacy Wiersema, 2007). Product and Pricing Strategy Canterbury Renovations strategy is to offer high-quality products to its customers at low cost. Being a small business they must focus on delivering high quality and low prices so as to win consumer confidence. Profit margins have been compensated by locating business workshops on city suburbs which allow for rental cost reduction(Schindler Schindler, 2011). Agents visit the customers premises, take all measurement and manufacture the cabinets off site before transporting them back to the customer and installing them as required. Distribution and Promotional Strategy Being a small business and only recently having been started up Canterbury Renovations relies heavily on the social media to market and promote the brand. This allows the business target consumers from their own city and allows them to build a positive relationship with satisfied customers who further recommend the brand(Ferrell Hartline, 2012, p. 149). As the business develops a positive image the website shall be set up. Distribution f finished product and supplies are done using their own delivery van which also has the business name and logo with contact information thus allowing Canterbury Renovations to also advertise their presence while traveling and working. Conclusion Being a small business Canterbury Renovations must focus on keeping their costs low but at the same time, the business must also consider expanding their operation and addressing competitor issues. Labour needs are another major concern which needs addressing as the business must develop a close relationship with skilled labour to ensure long-term relationships and reduce employee turnover. This will help stabilize the businesses operate and allow for steady expansions and growth. Being a product required by all homesteads and businesses Canterbury Renovations has the potential to register aggressive expansion both in the domestic and international market in the future. Bibliography Ferrell, O., Hartline, M. (2012). Marketing Strategy. Mason: Cengage Learning. Griffin, D. (2010). Business with a Purpose: Starting, Building, Managing and Protecting Your New Business. Denver: Easy Brain Labs Inc. Schindler, R., Schindler, R. (2011). Pricing Strategies: A Marketing Approach. London: SAGE. Talbot, M. (2003). Make Your Mission Statement Work: Identify Your Organisation's Values and Live Them Every Day. Oxford: How To Books Ltd. Treacy, M., Wiersema, F. (2007). The Discipline of Market Leaders: Choose Your Customers, Narrow Your Focus, Dominate Your Market. Cambridge: Hachette UK. Usigbe, C. (2015). Business Strategies in Times of Crisis. Xlibris Corporation.

It Happens Once a Month Essay Example For Students

It Happens Once a Month Essay Honestly, being on my monthly period is definitely not what I look up to each month. To prove this, this is a story of an experience I recorded in my journal while at bible camp in October. It was the day before the last day of camp and at morning worship, I had these really bad pains (I thought I had to pee) and I went to the bathroom, but the pains didnt go away. So my day continued on, and after dinner, the person in charge told us the we were going to play a game in the forest. For some reason I just said to myself, hmm, looks like Ive got my period. and went straight to the game. I must of thought that it wasnt happening or it was something else. So I played the game, and my team won , so I was in a good mood. But I had to go to the bathroom again. I get to the bathroom and the spot was a little bigger. I was sitting in the stall and in the next stall I heard someone opening a pad. I had never heard that noise ever, but by the grace of God somehow I knew it was a pad. Somehow I mustered up the courage to ask this girl if I could have a pad because I had started my period, and she was just like Yeah, sure. If you need more, come find me. I said thank you, and went to put it on. It must have been a maxi pad, it was so thick. By this time, it was time for a campfire, so I uncomfortably sat through campfire masking my pain. This had to be the most embarrassing thing that has ever happened to me this month. There are times when I try not to even think about it with hopes that my body somehow forgets to flood me with reminders that I am fertile. I remember when I first got mine and there was kind of this thing where I thought it was cool. If I could go back, I’d tell myself it wasn’t cool and to put it back as long as I could. As time went on, I tried dealing with the pain and hormonal shifts in my body by not just curling in a ball on my bed, but by doing active things to ease the pain. The activities I do during the during of my period is play basketball, which helps me take out my anger and the movement of my body really relaxes me. Regarding my mood, I am usually a pretty calm person, but every month, I just get so irritated over the dumbest crap; I cant even stand being around people a lot of the time. Plus, I get the cramps from hell, which doesnt help my mood any. And man, I get the weirdest cravings, especially for anything thats sweet or sour: mint chocolate chip ice cream, lemonade, white chocolate etc. Ive never been much of a crier, and I dont tend to get emotional when Im PMSing, but . For a space of about two hours the day before I start literally anything will bother me. Also, this is more what PMS (as in Pre-Menstrual) feels like. I was expecting more of what it actually feels like to be on it. Like someone is ripping apart one of my organs from the inside or my reproductive system is a war zone and Im supposed to shove a foreign object up there? These are some of the thoughts I get when on my period. Sometimes, my period is so embarrassing at times, so I try to hide it. I was never the type to tell everyone I’m on my period.

Coaching and Mentoring in Business

Introduction Coaching and mentoring is very important in human development. Almost every sports personality, successful businesses, outstanding students, successful families have had either a coach or a mentor in their lives. The modern world has embraced fully, these two terms and is exploiting them to realize their full potential.Advertising We will write a custom essay sample on Coaching and Mentoring in Business specifically for you for only $16.05 $11/page Learn More Their popularity is credited to the uncountable success they have brought to individuals, groups and corporate clients. Coaching and mentoring usually share numerous similarities, regardless of whether they are done for reward (professionals) or for philanthropic purposes. This paper will explore coaching and mentoring, and in particular, concern itself with its benefits to business activities and management (Emelo, 2011, p. 44-49). Definitions Coaching is defined as the process through which learning and development are allowed to happen with the intention of improving performance. Coaches are required to have a thorough understanding of the knowledge, skills, techniques and styles suitable for the context under which coaching is to take place. This way he/she is capable of instilling confidence and ability to the learner. Mentoring refers to the process of providing guidance to another person in how he/she makes momentous transitions in work, thinking or knowledge (The New York Times Company, 2011, p. 1). Mentoring impart the mentee with confidence to make significant decisions that would help achieve success. Business coaching and mentoring is very important in instilling knowledge, skills, styles, and techniques as well as the ability to make significant decisions that are aimed at improving an individual’s achievement or business goals (The Coaching Mentoring Network Ltd., 2010, p. 1). Similarities and differences of coaching and mentoring Coaching an d Mentoring associate several ways since they aim at almost similar objectives such as exploring in individuals, their corporate needs, desires, skills and motivation, the aim of which is to help the them make genuine and long lasting modifications. Other similarities include, questioning techniques, progressive support of clients, observation, and listening techniques to understand the context, among others. Their main differences include the fact that in mentoring, when considered in its traditional context, implies that the mentor must be experienced in the line of mentorship, in most cases, the older and wiser take this responsibility to pass knowledge, which are of significant help to the mentee. On the other hand, coaching may be done even if the coach does not have direct experience of occupational responsibilities of the client , unless it requires focus on specific skills (The Coaching Mentoring Network Ltd., 2010, p. 1).Advertising Looking for essay on business econ omics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Coaching and Mentoring in Business Several changes that occur due to restructuring, mergers as well as acquisitions always prompt companies to outsource coaching and mentoring services. These services are nowadays provided to all professionals in companies for personal development purposes. They are aimed at promoting morale, productivity and motivation to lessen staff turnover, as it makes them feel connected and valued. This is usually done by internal mentors or coaching staff or in some cases outsourced. Coaching and mentoring is a two-way relationship, which affords the employee significant benefits of fulfilling his/her goals as the business or organization achieve their goals (The Coaching Mentoring Network Ltd., 2010, p. 1). Recent trends show that more individuals have made steps to hire their own private coaches and mentors, giving them a greater responsibility in maximizing their p otentials as well as achieve their personal objectives (ÄÅ'iutienÄâ€" Neverauskas Meiliene, 2010, 444-449). Conclusion Coaching and mentoring are very important in a business organization as they help impart a sense of belonging, moral, motivational, individual responsibility as well as the fulfillment of both personal and organizational objectives. This is important in ensuring continued focus and attainment of business goals. It also readies the staff for any eventualities like mergers and adjustments in responsibilities that may follow such changes (Madlock, 2010, p. 42-62). Reference List ÄÅ'iutienÄâ€", R. Neverauskas, B. Meiliene, E. (2010). Coaching as a Tool to Develop Employees Career. Economics and management. ISSN 1822-6515 (p. 444-449) Emelo, R. (2011). Creating a new Mindset. In T+D (pp. 44-49) Madlock, P. E. (2010). The Effects of Supervisors’ Verbal Aggression and Mentoring on Their Subordinates. In Journal of Business Communication (pp. 42-62) The Coach ing Mentoring Network Ltd. (2010). What is Coaching. Coaching Network. Retrieved from: http://new.coachingnetwork.org.uk/information-portal/what-are-coaching-and-mentoring/#BuscoachingAdvertising We will write a custom essay sample on Coaching and Mentoring in Business specifically for you for only $16.05 $11/page Learn More The New York Times Company (2011). Top 15 Characteristics of a Successful Mentor. The New York Times. Retrieved from https://www.thebalancecareers.com/human-resources-4161680 This essay on Coaching and Mentoring in Business was written and submitted by user Danica Rosario to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Role of Alexander Hamilton in Federal Governments in the United States of America

The Role of Alexander Hamilton in Federal Governments in the United States of America What is the most significant part of Hamilton’s argument in Federalist 70? Why does Hamilton argue in favour of a single executive? Are the comparisons Hamilton makes to the Roman warranted? Alexander Hamilton is considered as the founder of principles that govern Federal Governments in the United States of America and thus the true architect of the modern administrative state. Hamilton’s most significant argument in Federal 70 was the creation of a strong executive.Advertising We will write a custom essay sample on The Role of Alexander Hamilton in Federal Governments in the United States of America specifically for you for only $16.05 $11/page Learn More Hamilton in Federalist 70 believed that good governance could only be attained through an energetic and accountable executive. A critical look at Hamilton’s argument that was attached to the structure of government, administration and rule of law as well as policies is still relevant i n the contemporary United States of America. Hamilton expressed that a strong executive is a fundamental requirement for a nation’s economic prosperity, a view he held so dearly that he made political rivalry between him and people who held different views. It is imperative to note that during constitutional convention which was held in 1787, he advocated for a government in the form of an elected monarchy. This opinion was shot down by delegates in the convention. In spite of the defeat, he continued advocating for creation of a strong executive. Hamilton’s views of a strong executive were anchored on the failures of the confederation plan which aimed at over-devolution of government affairs. It was evident that a plan of devolution that gave states maximum discretion over the federal government was improper. This was because of difficulties in formulating and ratifying rules to govern the same which took years to come up with largely due to disagreements in boundarie s and commerce. In order to support the views of Alexander Hamilton, failure among states to work under the terms of the Paris Treaty that ended the Revolutionary War made leaders to agree on making a strong government that would supervise affairs of the states. This agreement was reached after states started formulating their own independent foreign policies while other states fought on whom to control the western land. By 1787, it was evident that the devolution plan was not working and the solution to this would be formulating a strong federal government that would have executive powers over the states’ governments.Advertising Looking for essay on political sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More The quest for a strong executive was echoed by Alexander Hamilton and being the first treasury secretary, he planned and wrote reports on modalities of creating strong executive government. His reports included r eport on public credit, manufacturing and creation of a national banking system. Hamilton considered three basic principles in his views regarding the newly agitated public administration structure and strategy. Firstly, Hamilton considered independence, responsibility and power as key principles that would indeed play a role if a strong executive agenda would succeed and give good results. According to Hamilton, the laws that had been ratified by the congress posed limitations on the independence of the federal government. It was his wish that for the executive to be able to implement laws, it required independence and freedom. It was also evident that Hamilton in his later works (such as in Federalist71) showed that there was need for separation of powers between the executive and the legislature. In addition, he showed that it was important to vest adequate authority to the executive such as freedom to determine how best to implement and administer laws. Hamilton was strongly con vinced that a weak government was bound to deliver poor results mainly due to bad policies. He also believed that there was much needed for a decisive organ that would drive policies on behalf of states’ governments. In addition, Hamilton held the view that it required a strong government to protect the people’s interest if they required to rule and be served at the same time. It is evident that the Federalist 70 (a book by Hamilton) was probably the first of its kind on the subject of public administration whose relevance was noted almost a century later. The book outlined what was entailed by â€Å"energy in the executive†. On the principle of power, Hamilton outlined that a strong executive required unity, and that there ought to have been a president as the leader of the government who should be in power for a definite duration of time. Also, he said that the president was supposed to be competent enough to be able understand and push policies for the good o f the nation. The third principle of responsibility was aimed at keeping the executive government accountable so that it didn’t exhibit or exercise too much power. Hamilton suggested that for the executive to be accountable, it required Congress that would supervise it.Advertising We will write a custom essay sample on The Role of Alexander Hamilton in Federal Governments in the United States of America specifically for you for only $16.05 $11/page Learn More Although Hamilton’s view on separation of powers between the legislature and executive was received well, he suggested that it could not be enough to vest all the authority to the Congress to check the executive. There was need for a stronger executive branch (Congress) that could have power to impeach even the president. There was strong need to check the executive so that it does not exercise too much power. Therefore, the proposed government would be responsible for its actions for the good of the citizen of the nation. In order to prove that his argument was the only way to push for the economic development agenda and a change from agrarian dependent economy to manufacturing, Hamilton in the capacity of treasury secretary was instrumental in the planning and creation of the First Bank of the United States of America which was government-supported. Hamilton’s view on a long term vision was that when an executive government is in place, it is possible to formulate policies that can change even the economic position of the nation. His vision of a manufacturing driven economy was that it would play a major role for America to engage in global commerce compared to an economy driven by agriculture. Hamilton’s strong support for a powerful government led by an executive leader was envisioned in the future of America in the sense that an economic transformation would only be possible when a strong executive was is in place to push the agenda forward. Hamil ton’s values for the administration of the United States of America can be summarized as a system that blends a strong executive (monarchy), a strong legislature (democratic) and an independent judicial system which has powers to overrule the will of the majority if liberty is destroyed (aristocracy). To enable this kind of system to flourish peacefully, there is need to balance them in such a way that none becomes more superior to the other or vise versa.Advertising Looking for essay on political sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More It was evident that Alexander Hamilton admired and also had passion for Rome. His envisioned America resembled what used to be the administration in Ancient Roman Republic. Rome portrayed a history whose greatness was achieved through trade and commerce. In addition, this history was established and strongly supported by military of elite. It is generally viewed that Rome’s administration was strategized to command and conquer. The empire in Rome was mandated to protect the interests of the people led by a central figure. This was the exact vision that Hamilton had for American administration. In his era, Caesar was referred to as a destroyer of republics and thus never enjoyed the admiration of many people. However, Hamilton admired him and referred to him as â€Å"the greatest villain and the founder†. As mentioned earlier, Humiliations view was to have an executive leader whose mandate was to give an informed leadership by pushing forward the policies that would mak e America great. The Roman Empire shared the same set up. Hamilton’s vision would be put into operation by employing policies and mechanism that would reduce poverty through funding and assumption or through empowering the rich and employing mechanisms of expanding trade throughout the world. The latter would be put in place while still enforcing domestic fiscal authority. This strategy would be possible if a strong executive was put in place to push for these agendas. Hamilton’s vision encompassed a strong government’s quest to empower members of the political elite that would transform the administration from within. To date, America’s administration reflects the foundation that was laid by the founder of modern administration, Alexander Hamilton. His argument regarding the Roman Republic and his admiration of the system of administration in Rome are indeed warranted. Hamilton participated in the enactment of some of his proposals in the constitution th at changed the administration of the United States. Therefore, he can be rightfully referred to as the founder of modern administration in the United States of America.

Different branches Essay Example | Topics and Well Written Essays - 750 words

Different branches - Essay Example These branches have different roles. The legislative branch has a primary role of making laws. Laws are made, discussed, and voted on by the Congress. In addition, the President’s appointments to various positions such as the Cabinet, Supreme Court, and the federal courts are approved by the Senate implying that this is a role of the legislature. The executive carries out the function of enforcing the laws that have been previously passed by the legislature (U.S. Federal Government, n.d). Here, the President has the sole duty of making laws official. The cabinet advises the President on important matters. The judiciary is mandated with the role of interpreting the laws and applying laws to cases. In addition, the judiciary determines whether a law violates the constitution. The main reason why the U.S government has three branches is to balance power through a system known as a check and balance system. This system ensures that no branch is overpowered and keeps the power in check since no individuals can allocate themselves more power than the constitution provides. A three-branch government was also appropriate with respect to controlling the government as all branches have equal responsibilities (U.S. Federal Government, n.d). The basic concept behind the separation of powers is distributing power among individuals and groups. This was to ensure that no one group or individual had absolute power over others to the point of making individual decisions meant for a country. The system of check and balances ensures that each group has some form of power over the other. Federalism can be said to be a political concept where a territory is governed by two governmental levels. This can be expounded from the U.S context of having the constitution allocating certain powers to both state governments and the central government. Similarly, the state governments have significant power on specific

An analysis of the financial crisis and collapse of Lehman Bros Essay

An analysis of the financial crisis and collapse of Lehman Bros - Essay Example An analysis of the financial crisis and collapse of Lehman Bros. Many of the investment strategies designed to improve the liquidity position of major banks and ensure asset growth had lost the majority of their value and companies such as Lehman Bros. were unable to find appropriate buyers for many derivatives that were backed by the high volume of home mortgages granted to higher-risk consumer segments prior to 2007. As aforesaid, the inter-dependency within the international banking system led to a crisis when asset values on certain derivatives plummeted, when major banking institutions could no longer successfully meet their debt obligations, and even sizeable financial bailouts both internal and from government were insufficient in sustaining banking operations. The main contributors to the financial crisis of 2007-2010 was not largely attributable to improper or lax regulatory forces, it was a product of poor banking leadership and inappropriate investment strategies within the financial institutions’ business models. This essay describes the catalysts for what drove the financial crisis, focusing specifically on the role of Lehman Bros. in facilitating the problem. Research has identified that the mechanisms creating the financial disaster included the derivatives market, investor and executive-level behaviour in the financial markets, poor auditing systems responding proactively to observable or quantitatively-supported market trends, and the growing consumer adoption of adjustable rate mortgages being offered by major banking institutions. ... The main contributors to the financial crisis of 2007-2010 was not largely attributable to improper or lax regulatory forces, it was a product of poor banking leadership and inappropriate investment strategies within the financial institutions’ business models. This essay describes the catalysts for what drove the financial crisis, focusing specifically on the role of Lehman Bros. in facilitating the problem. Research has identified that the mechanisms creating the financial disaster included the derivatives market, investor and executive-level behaviour in the financial markets, poor auditing systems responding proactively to observable or quantitatively-supported market trends, and the growing consumer adoption of adjustable rate mortgages being offered by major banking institutions. The Adjustable Rate Mortgage (ARM) Consecutive and recurring drops in the national interest rate in the United States and the United Kingdom occurring between 2001 and 2006 in an effort to stave off a perceived, impeding economic recession created a favourable environment for home ownership. When the Federal interest rate is lowered, it affects the published prime rate by which financial lenders establish an appropriate interest rate on home mortgages. In 1982, the prime rate in the United States was set at a record of 19 percent (Fedprimerate.com 2013), a period where the country was emerging from a period of intense inflation increases and previous economic recession. Home mortgages generated between 1982 and 2000, therefore, were significantly profitable for lending institutions as they were able to justify loan generation to diverse consumer

Book review of Ethics on the Job by R. Pfeiffer and R. Forsberg Essay

Book review of Ethics on the Job by R. Pfeiffer and R. Forsberg - Essay Example This paper explores the strengths and weaknesses of the book as a reference for business and management students. Based on the book review, this book is best for undergraduate business, management, marketing, and other business-related courses, because it provides a brief overview of business ethics and provides pragmatic solutions to different business cases. Main Arguments The main argument of Pfeiffer and Forsberg (2005) is that when surmounting ethical challenges, employees and the management should use critical thinking in determining all conflicting rights and values, before choosing which ones have to be upheld. The decision for the resolution must consider different oppositions and diverse alternatives. Furthermore, Pfeiffer and Forsberg (2005) wants stakeholders to collaborate together in making long-term solutions. They are teaching business and management students to not have a myopic view of ethical dilemmas. ... They recommended the use of ethical principles, rights, and values in making the right business decisions, so that managers and employees can have the tools for making ethical decisions for different levels (i.e. management or individual levels). Strengths Content The first strength of the book is that it is a book on applied ethics. It does not focus on explaining diverse theoretical and philosophical approaches to ethical decision-making, but instead, it devotes itself to different cases that tackle diverse ethical scenarios. It provides numerous cases that will expose students to different kinds of individual, team, and organization-level ethical dilemmas. This way, Pfeiffer and Forsberg (2005) are training students on how to view and analyze different ethical challenges that they may face in real life. Through different cases, students will also become updated with emerging ethical issues, such as environmental, technological, and multicultural ethical concerns. They will underst and that global, regional, and national events and conditions also impact local business ethical problems. The second strength of the book is that it offers a workable decision-making framework for students. The RESOLVEDD strategy defines stakeholders and their conflicting principles, rights, and values, which is essential in understanding the problem at hand. A complete understanding of the problem can lead to a more comprehensive analysis of the ethical dilemma and will help determine more potential alternative solutions. Win-win solutions can be better viewed, when all conditions and stakeholders are considered. Ferrell and Ferrell (2009) highlighted the