Guillermos Furniture Store Scenario Essay Example for Free

Guillermos Furniture Store Scenario Essay Financial principles, financial markets, and business ethics construct a major infrastructure for financial decisions that all managers or supervisors must make on a constant basis. The purpose of this paper is to explain the financial concepts found in this week’s readings and how these concepts relate to the Guillermo’s Furniture Store Scenario. According to the text reading, â€Å"the principles of finance, described in this section and the two that follow, are based on logical deduction and on empirical observation† (Chapter 2, p. 20). Until the late 1990s, Guillermo’s Furniture Store retained its competitive advantage in the furniture market. The arrival of a new overseas competitor entering the furniture market, decreased furniture prices, and increased labor costs posed as a new challenge for the organization (University of Phoenix, 2009). For several years, Guillermo’s Furniture Store dominated the furniture manufacturing market with the ideal supply of timber to create a variation of types of furniture. As a result, the owner did not know how to forecast the new challenges that faced the company. As the new competition starts to enter the furniture market, these competitors have developed an advanced technology that produces a more customized product to meet consumer demand. With labor costs rising, Guillermo did not realize these changes and how this would affect his current business. Guillermo’s Furniture Store will need to consider the principle of self-interested behavior to help minimize the risks associated with the changes in the furniture business to meet customer expectations. The concept of the principle of self-interested behavior basically implies that with a level playing field in the furniture business meaning all aspects of the business equals one another, then Guillermo will need to act or perform in the best financial interest of his own company. One option for Guillermo’s Furniture Store would be to purchase a high-tech laser lather operating equipment for manufacturing the product. This would be an example of the principle of self-interested behavior as it is an important corollary of this principle (Emery, Finnerty, Stowe, 2007). This action will create a more desirable competing action for the benefit of his organization. Guillermo could also consider becoming a furniture manufacturer for a Norway company by facilitating all distributing pathways and this behavior is an example of the principle of valuable ideas. Emery, Finnerty Stowe state, â€Å"new products or services can create value, so if you have a new idea, you might then transform it into extraordinary positive value for yourself† (Chapter 2, p. 24). This type of behavior is clear if the owner decides to patent the current process for coating the furniture as it creates new ideas. Guillermo will need to consider ways to create value by developing exceptional customer service with the creation of better products and services at the lowest possible price without sacrificing the quality of the product or service. The competition is fierce overseas as a direct result of inexpensive parts and labor. The furniture store will have to create the lowest and best quality product to meet consumer demands. Guillermo will need to meet the competition with its market presence by focusing on remaining competitive with the patent process. In order to make a strategic decision on which process will be best for the furniture store, Guillermo will need to take a closer look at the financial statements to make the financial decision. Strategic analysis of financial transaction is one of the most vital facets of an organization with regard to important business decisions. This type of analysis assists any business owner or manager in deciding which type of alternative or plan would be most beneficial to the company. These decisions should also consider the impact on the market and the competition as well as the organization. Guillermo will need to discover the financial impact of either choice mentioned above to make the best decision. Reference Emery, D. R., Finnerty, J. D., Stowe, J. D. (2007). Corporate Financial Management (3rd ed). Chapter 2: The Financial Environment: Concepts and Principles. Prentice Hall, Inc: A Pearson Education Company. University of Phoenix. Guillermo’s Furniture Store Data. Retrieved from University of Phoenix, Corporate Finance-FIN571 website. University of Phoenix (2012). Guillermo’s Furniture Store Scenario. Retrieved from University of Phoenix, Corporate Finance-FIN571 website

Zoos: Pitiful Dirty Prisons Essay -- essays research papers fc

Zoos: Pitiful Dirty Prisons If you have ever stepped into a zoo, you have stepped into a prison in which the inmates are defenseless and innocent, the sentence is long, and the penalty is cruel and severe. Zoos are not made for educational purposes but for entertainment, they do not benefit animals but push them toward extinction. "Zoos range in size and quality from cage-less parks to small roadside menageries with concrete slabs and iron bars." (Zoos: Pitiful Prisons.) The larger the zoo and the greater the number and variety of the animals it contains, the more it costs to provide quality care for the animals. Although more than 112 million people visit zoos in the U.S. and Canada every year, most zoos operate at a loss and must find ways to cut costs (which sometimes means selling animals) or add gimmicks that will attract visitors. (Zoos: Pitiful Prisons.) Zoo officials often consider profits over the animals' well- being.(Zoos: Pitiful Prisons.) A former director of the Atlanta Zoo once rem arked that he was "too far removed from the animals; they're the last thing I worry about with all the other problems." (Zoos: Pitiful Prisons.) Zoos are nothing more than animal prisons maintained for human amusement, not for education. ("Zoocheck".) Most zoo enclosures are quite small, and labels provide little more information than the species name, diet, and natural range. (Zoos: Pitiful Prisons.) The animals' normal behavior is seldom discussed, much less observed, because their natural needs are seldom met. Birds' wings may be clipped so they cannot fly, aquatic animals often have little water, and the many animals who naturally live in large herds or family groups are often kept alone or, at most, in pairs. (Zoos: Pitiful Prisons.) Natural hunting and mating behaviors are virtually eliminated by regulated feeding and breeding regimens. (Zoos: Pitiful Prisons.) The animals are closely confined, lack privacy, and have little opportunity for mental stimulation or physical exercise. Animals forced to endure such confinement often display abnormal and self-destructive behavior called "Zoochosis".(Zo os: Pitiful Prisons.) Zoochosis is a mental illness; symptoms include pacing, neck twisting, and other repetitive behaviors.("Zoocheck".) &... ...oadside zoos at all costs. If no one visits these substandard operations, they will be forced to close down. Contact PETA and start your own "Zoocheck" program in your local zoo. Zoos claim that they are good for research, but the purpose of most zoos' research is to find ways to breed and maintain more animals in captivity. If zoos ceased to exist, so would the need for most of their research. The key to saving exotic animals lies in saving their habitat, not removing them from it only to be placed in an unnatural and abusive environment.("Zoocheck".) Works Cited Zoo Target of "Bloody" Protest Over African Elephants PETA News Release http://www.peta-online.org/news/basel199.htm Zoocheck PETA's Action for Activists http://www.peta-online.org/library/actionideas/zoo.htm 21, Nov. 1999 Zoos:Pitiful Prisons Campaigns http://www.peta-online.org/cmp/ccircfs3.-html 21, Nov. 1999

Drink-at-Home, Inc Essay

CASE 2: DRINK-AT-HOME, INC. Drink-At-Home, Inc. (DAH, Inc. ), develops, processes, and markets mixes to be used in nonalcoholic cocktails and mixed drinks for home consumption. Mrs. Lee, who is in charge of research and development at DAH, Inc. , this morning notified Mr. Dick Jones, the president, that exciting developments in the research and development section indicate that a new beverage, an instant pina colada, should be possible because of a new way to process and preserve coconut. Mrs. Lee is recommending a major program to develop the pina colada. She estimates that expenditure on the development may be as much as $100,000 and that as much as a year’s work may be required. In the discussion with Mr. Jones, she indicated that she thought the possibility of her outstanding people successfully developing such a drink now that she’d done all the really important work was in the neighborhood of 90 percent. She also felt that the likelihood of a competing company developing a similar product in 12 months was 80 percent. Mr. Jones is strictly a bottom line guy and is concerned about the sales volume of such a beverage. Consequently, Mr. Jones talked to Mr. Besnette, his market research manager, whose specialty is new product evaluation, and was advised that a market existed for an instant pina colada, but was some-what dependent on acceptance by both grocery stores and retail liquor stores. Mr. Besnette also indicated that the sales reports indicate that other firms are considering a line of tropical drinks. If other firms should develop a competing beverage the market would, of course, be split among them. Mr. Jones pressed Mr. Besnette to make future sales estimates for various possibilities and to indicate the present (discounted value of future profits) value. Mr. Besnette provided Table 1. Mr. Besnette’s figures did not include (1) cost of research and development, (2) cost of new production equipment, or (3) cost of introducing the pina colada. The cost of the new production equipment is expected to be $ 100,000 because of the special way the coconut needs to be handled, and the cost of introducing the new product is expected to be about $150,000 because of the point-of purchase displays that would be necessary to introduce the new product. Mrs. Lee has indicated that she does have alternative development proposals, which are: 1. A reduced research program to see someone else comes out with the product first and if not, then proceed with a crash program. The reduced program for the first eight months would cost $10,000 per month. One advantage of this is that if the effort was unsuccessful, then development costs would be held to the eight-month figure (8 months ? $ 10,000 = $80,000). The likelihood of success under this approach is the same as the more orderly development. (The likelihood of a competing company developing a product in 8 months is 60 percent.) The crash development program would take place in months 9 through 12 and would cost an additional $60,000. It would proceed only if the eight-month study guaranteed a success. 2. Use a reduced research program and maintain an awareness of industry developments to see if someone else develops a product. If someone else has developed a product at the end of six months, it would cost only an additional $30,000 to analyze their product and duplicate it. The reduced development program would cost $10,000 per month. Mr. Besnette, being the great marketer that he is, is of course reluctant to be second on the market with a new product. He says that the first product on the market will usually obtain a greater share of the market, and it will be difficult to win those customers back. Consequently, he indicates that only about 50 percent of the sales that he indicated in Table 1 could be expected if Drink-at-Home waited until competing brands were already on the market. Moreover, he suspects that there is only a 50/50 chance that the competitor will be out with a product within the next six months. There are four options: (1) orderly development of the pina colada, (2) modest development effort followed by the crash program, (3) a modest development effort for the first six months to see if a competitive product comes on the market, and (4) do nothing. TABLE 1. Sales and Profit Potentials Consumer Acceptance Substantial Moderate Low (Sales Potential) Probability Present Values 0. 10 0. 60 0. 30 (Discounted Value of Future Profits) $800,000 $600,000 $500,000 What would you recommend? Show all supporting solutions/computations. Source: http://wps. pearsoned. co. uk/ema_ge_render_qam_11/202/51952/13299854. cw/content/index. html.

Factors Influencing Teenage Girls Made - 922 Words

Projected Findings When asked if environmental factors had an influence on major decisions teenage girls made pertaining to their body 40%(ten out of twenty-five) of the teenage girls stated that environment factors have influenced their decision on their body. Thirty six percent (nine out of twenty-five) of the young ladies surveyed responded that they have people they can talk to in their home or neighborhood when making decisions. Sadly, only 20% of the young ladies recorded being aware of the correct usage of contraceptives before their first sexual experience. Seventy two percent (eighteen out of twenty five) of the young ladies stated they understood what it took to make a baby. Forty eight percent of the young ladies surveyed stated they lived in a financially stable home. What constituted a financially stable home in this research was a parent or parents who have been working a job consistently for 6 months or more. Forty four percent (eleven out of twenty five) of the young ladies agreed that promiscuous behavior led to unwanted pregnancies. The young ladies who did not agree often bought up friends and family members around them who were very promiscuous and did not get pregnant like they did. Forty percent (ten out of twenty five) stated they understood how the spread of HIV and STIs are transmitted. A common pattern the teenage girls stated is that you can tell when somebody has a sexually transmitted disease orShow MoreRelatedReality Shows : Helping Or Hurting Teenage Girls?1370 Words   |  6 PagesHurting Teenage Girls?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  While teenage pregnancy has been on the rise in America since the 1950’s, researchers have been trying to look for an ideal solution that will help solve the problem by declining teenage birth rates. Perhaps there is a potential solution after all. What could this solution possibly be? 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