Discuss strategies these business owners used to manage their working Essay

Discuss strategies these business owners used to manage their working capital - Essay Example lan Lutchman, the president and co-owner of Finagle Bagel and his wife Laura Trust, also the president and co-owner of owners of the company, use to manage their working capital. Allan reveals that they formed the company in October 1998 after both of them quit their previous jobs to venture into the food industry (WileyPlus, 2014). Trust starts by noting that as much as they ventured in a business they knew nothing about, they were sure that venturing in the food industry was a sound investment. As the two proceed, they begin to acknowledge that maintaining the right cash flow is critical for business success. Therefore, since they started the business by obtaining a loan the two business partners had to ensure that the business had enough liquid cash to meet its short-term obligations. The first working capital management that the partners used was ensuring that a large part of their revenue comes in the form of cash. Allan reveals that more than 50% of their income in the retail business is in cash form while the rest is in credit form (WileyPlus, 2014). The credit cash also come in the next 24 hours. Accordingly, having most sales in the retail in the form of cash has helped the business maintain enough cash flow, which it can use to service its short-term obligations and operating expenses easily and without any problems. In fact, Allan reveals that, since all the revenues come in immediately, they do not have to wait for 30 days to pay their bills (WileyPlus, 2014). Se condly, Trust, the co-partner in the business says that the business also tries to negotiate for a longer trade credit period. She asserts that they negotiate for a longer trade credit period with their suppliers to allow them time to get paid for the products they sell on credit. In fact, Trust reveals that they have been lucky to work with flexible vendors who allow them decent terms to get them paid back for the credit they take. Additionally, Allan states that they try to manage their

Walmart case study ( growth strategy) Example | Topics and Well Written Essays - 250 words

Walmart ( growth strategy) - Case Study Example It has started doing this by seeking investors in those nations as well as utilizing e-commerce to compete with other businesses as well. The strategy may take a while but it is on the right path according to the leaders in charge of the international markets (Banjo, 2014). Lastly, there is the ecosystem growth strategy that is aimed at linking the Walmart supercenters with their smaller stores and even offers delivery after ordering through the mobiles (DePillis, 2013). This will compete with the dollar stores and ensure to retain their customers in the lower chain while not compromising their high-ended customers. This is also still in the initial stage of development but it sounds like a growth strategy that will bring them back into the limelight and help bring up their sales once again. Banjo, Shelly. â€Å"Wal-Marts Strategy to Jump Start Growth in China.† The Wall Street Journal, August 5th, 2014. Retrieved from: http://online.wsj.com/articles/wal-marts- strategy-to-jump-start-growth-in-china-1407252531 DePillis, Lydia. â€Å"Here’s Walmart’s new strategy for being your everything.† The Washington Post, October, 17th, 2013. Retrieved from:

Professional writing Essay Example | Topics and Well Written Essays - 750 words

Professional writing - Essay Example The general idea of getting out of difficult and testing times is to keep moving forward. The basic and fundamental purpose of life is to inspire and attempt to be a better person every now and then (Thrash & Elliot, 2004). The whole nations are plunged into entropy because they are not moving into the direction of intellectual growth. The global rule of national development is simple and it states that either nations develop and grow economically or die. Thus, if any nation is not growing then, it means that it is dying. The movie with the title of â€Å"The Shawshank Redemption† is a story of a bank manager who was falsely imprisoned in the case of murder. But, on the basic level, he was aware of the fact that he was innocent. The man was in cover, he had a fragile body and he walked like a broken person. The strong current of wind could have taken him with it. The fellow prisoners were accustomed to laugh at him. The more cruel ones tried to sexually abuse him but, he manag ed to avoid it with the help of knowledge. The superintendent noticed him and found that he was an honest man and therefore, the former entity deployed the prisoner as a financial manager. The falsely imprisoned person was now responsible for recording and managing financial matters of the jail (O'Sullivan, 2001). Nevertheless, when the manager came to the jail, he requested the assistant to bring him a hammer. The information travelled to a fellow prisoner and he consequently thought that it will take a century to dig a hole that can be used as an escape route from this tiny hammer (O'Sullivan, 2001). But, the manager had a plan and they always do and he was already on it without anybody knowing it. He was digging the hole in a wall and behind the wall; he knew that the sewerage line is present that will surely lead towards his freedom. But, he needed to hide the hole that he was digging and he placed a film poster at the mouth of the hole. Thus, he concealed his plan when actually it was present right in front of everyone and just hidden by thin, fragile paper. The prisoner came to know that the superintendent was committing corruption in the financial management of the jail (O'Sullivan, 2001). However, his digging project successfully ended in more than thirty years. But, he did it and used it to get to the sewerage line and made his way out. But, this is not the end of the story because he freed himself and took the financial records of the jail with him. Then, after getting out he posted the original financial records to the authorities and the high-ups decided to close the jail and take the superintendent into custody. But, the superintendent committed suicide before that (O'Sullivan, 2001). The key message of the story is persistence, patience and belief in the justness of the cause. Firstly, the bank manager believed that he was doing the right thing. He never doubted that he was doing the wrong thing because from the inside he somehow knew that he was innocent and therefore, the freedom was his essential right. The success was written when the manager believed that he was right and at the end of the day he rose victorious. The elementary concepts of planning and execution were conveyed in the whole movie. The man did not talk much but, he achieved his goal of freedom by sticking to the plan. He not only freed himself

Fashion, Culture and Region Research Paper Example | Topics and Well Written Essays - 1500 words

Fashion, Culture and Region - Research Paper Example The paper "Fashion, Culture and Region" explores the region, fashion and culture. Many individuals including great scholars have come up with a variety of definitions concerning the meaning of fashion. According to Severini (2015), fashion is a popular trend, in particular in manner of behavior and style of dressing. The above definition with other definitions that individuals and great scholars have come up with have a common concept, feeling and looking great. If an individual is fashionable, that individual is considered as being confident. That individual is sure that the right message is being conveyed to provide a specific impression to other individuals. This implies that being fashionable surely assists an individual in getting the courage to take the first step towards achieving set goals. In light of this, does the culture of a particular region play an important role in affecting its trend in its fashion industry? If it does, what fashion design programs can be created for this type of culture? This memo report will address these two questions. Let us begin with the history of fashion. Throughout history, fashion has had a long history of errors and trials. What was known to be fashionable in the past might be similar to destroying fashion in the present times. Likewise, what is known to be fashionable in the present times might have been seen as fashion suicide by people living in the past. Therefore, the period of time and beliefs held by the individuals living in it.

Describing how the civilizations were similar and how they differed Essay

Describing how the civilizations were similar and how they differed - Essay Example The civilizations extended and some areas developed dependently and together while the Chinese civilization developed independently (Schirokauer et.al 24). Although there was some influence on the West’s cultures. In most cases, the Chines development occurred in the sections known as the dynasties. The dynasties were divided into three categories namely, early dynasty, imperial dynasties and end of ancient china. The Qin dynasty was established as a type of China civilization dynasties by Shi Huangti. The Qin dynasty can be also referred to as the China era. Shi conducted the wall destruction and established the Great Wall of China (Schirokauer et.al 48). He also made travelling easy by building roads to improve the infrastructure of China. He fairly ruled the people and distributed lands. He also expanded his empire and its boundaries (Schirokauer et.al 48). All this and among others are the development of civilization in the empire of Qin dynasty. The empire of Persian developed civilization in terms of classical civilization. The classical development of civilization in the Persian Empire. Succeed due to the cooperation of leaders in the empire. Several areas of economic activities were taxed 20 percent. Such activities are like religious institution, manufacturing and agriculture among others. The activities were the cause civilization development. Finally, civilization in the Empire of Macedon. The civilization development started in the year 1913. In this empire, the Greek community was powered and the stabilization of the area. Unlike other empires, Macedon has developed its civilization through development of the area. The mentioned empires above having their differences and similarities. In most cases, development in all the empires influenced the economic development of the area. On the other hand, each empire had a different style of developing

Research Paper on Inflation for the Country China

On Inflation for the Country China - Research Paper Example Causes of Higher Inflation in China Evidently, the higher inflation in China can be attributed to numerous factors. According to Yu (2011), the Chinese government’s increased currency control ended up in an artificial decline of foreign exchange rate of the Yuan and this adverse situation in turn amplified manufacturing and export business activities. Macroeconomic theories clearly state that decline in the real value of currency is the most severe impact of higher inflation. At the same time, the cheaper Chinese currency made imported food items and energy resources unaffordable to the country’s people. Economists strongly argue that the county’s unprecedented development rate have added to a severe demand pull inflation. In china, unbridled growth of consumerism together with rampant rise in population continues increase in consumer demand. Probably, the increasing consumer demand in turn would significantly augment business activities and ultimately the cost o f production. As a result, firms are compelled to charge higher prices for their products that would be unaffordable to lower and medium class customers. Many of the economists and corporate business magnets are of the belief that the value of the Chinese Yuan would improve in near future. This expectation has resulted in huge inflows of hot money and other long term investments to the Chinese economy. This large volume money inflows to the country cause asset bubbles in Chinese property market, especially in the industrially developed cities like Shanghai and Beijing. Consequences of Higher Chinese inflation According to Feldstein (1998), it has been identified that the inflation always hurts people’s standard of living since rising prices force them to pay more for the same goods and services. As Flynn (2011) reports, the inflation has a direct influence on gas prices in China as a result of governmental regulations that vehemently try to combat inflation. This situation ma kes the financial planning a troublesome task because the increased gas prices lead to home value loses. Inflation also badly affected the people’s retirement planning due to the increasing uncertainty regarding the future. Since the Chinese people are compelled to spend more and more on same goods and services, they would not have excess amount available to save. Similarly, if people expect further inflation, they are more likely to be extravagant as they envisage worse condition in near future. This economic condition turns to be one of the potential challenges to the Chinese economy as it may lead to further inflation. During the last three years, the difference between demand and supply and the resulted inflation went beyond Chinese government’s control; and consequently buyers trimmed down their day to day expenses in order to vie with the increasing price level. At the same time, producers cut down their output levels so as to retain minimum profit margin. In tot al, both these situations seriously affected the economy as they minimized long term economic gains. How to Manage Inflation in Chinese Economy? According to Premier Wen Jibabo, â€Å"China must continue efforts to control food and housing prices to ease soaring inflation and maintain economic development and social stability† (cited in SPK Group Co., Ltd., 2011). Wen also advises authorities to increase the outputs of farm

Samsung Research Paper Example | Topics and Well Written Essays - 1000 words

Samsung - Research Paper Example Samsung currently capitalizes on cheap technology to displace apple from the market. We witness the latest run ads of the Galaxy s II show Apple fans waiting in line in the cold while those for the perfectly content Galaxy S owners are living their lives freely. The ad further shows Gal Pals poking fun at fan boys who are waiting for a small-screened phone without 4G connectivity, while one dude gets a date by using Samsung’s Siri competitor, S-voice (Koekemoer, 2004). The current marketing strategy has made Samsung be the current king of the mobile holding majority of the market from the US throughout the whole world. The company has the technical knowhow of building the technology quickly and cheaply. They are also able to emulate the likeable competitor’s device given the top brains they possess. As a competitive edge Samsung uses product innovation as a strategy as another form of its latest marketing strategy. Its product range covered all the categories in the con sumer electronics and home appliances right from audio and video products, It products, mobile phones and home appliances (Koekemoer, 2004). Analysts felt that the wide product range of Samsung was one of main reasons for its success in the worldwide market. Samsung positioned itself on the technology platform through through advertising and sales promotion after they realized that in most of the world markets like India consumers were still not aware of them. Samsung latest marketing strategy being the use of K-pop Superstar as the face of their brand hence increased sales of the products. Body 2: Products and services that help the company be famous The products that have made Samsung become famous in the electronic industry range from mobile phones, televisions both audio and video, camera/cam recorder, home appliances and lastly we have the PC/Peripherals printers. The company keeps repositioning such products. The repositioning of these products take place in for of pricing aft er Samsung realized that they were always associated with bargains due to their extremely low prices (Koekemoer, 2004). They realized that the up market is associated with high price leaving the low prices for the low market. To Samsung higher price would bring more profit and at the same time it is the better imply of good quality. The strategy of reposition helps Samsung starting to build its noblest image. In its service provision, Samsung realizes the need for global competitiveness in the era of global competition and then argue that to remain relevant understanding of the clients is major through knowing who your customers are, what they need and the dynamism within them. In this way, the company is fully committed to understanding their customers throughout the world across all the functions of their products from development and production to the marketing and the after sales services. They also change their thinking and working procedures to serve the customers better throu gh innovative products and services such as the provision of the customer delight services, product quality and safety. Samsung provides these services through its numerous applications such video apps from Netflix, Vudu, or Hulu Plus, which are to be included on, network TVs.   However, the concept of other types of apps on our TV is still new and we may wonder why we would want applications on TVs.   Some of the applications are useful while others may be