Case Study Report Essay

INTRODUCTION The entrepreneur in the case study was Alison Barnard. She is very interested in fashion and used the skills she learned while attending Babson’s business school to start her own retail store, which is focusing perfect-fitting pair of jeans on women. Barnard started her stores, 26 years old, which is located in Boston’s newest neighborhood, the North End, with more than 30 brands of jeans in order to accommodate many body look of her customers. When Barnard isn’t at her flagship store helping women find their perfect fit, she’s down the street at Twilight, her newest store, opened in March 2006 and specializes in both formal and casual dresses. THE PROBLEMS IN BUSINESS AND THEIR CAUSES The analysis of scalability of that business guided to the discussion of challenges and limitations. The first challenge that Alison faces is the maintenance of the store. The limitations that she faces was lack of appropriate employees, opportunity for growth and lack of timing to upgrade her managing skills. It will make her business progress to be slow and loss of customers by unable to find the right jeans. Alison has made a mistake by signing the lease prior to have the profit without analyze the outcome. In my opinion, Alison loosed her trust with the fact that she actually can earn the money to invest in her business. What she worried about was, someone else will steal her ideas if she wastes a lot of time by thinking the outcome and took the risk. The implications on growth lie within finding personnel that fit Alison’s requirements and finding a management strategy that would make the business more scalable. In my opinion, the right marketing strategy and making the store more independent are key success factors for â€Å"In.jean.ious†. POSSIBLE SOLUTION By making a good business strategy can help her to find a good financial, highly experience workers and strategic location which can help her to open her business extensively. Besides that, Alison should focus on how to make her store more or less independent from her. She needs to be focusing on her  management strategy, her financing and the opportunity for growth. In my opinion, the type of her business she has needs an everyday conservation and doing actions without thinking. RECOMMENDATION In my opinion, Alison should be more aware on her business whereby applying the ‘red hat’ in Edward de Bono’s theories. This will help her to prevent her shops item from being stolen by thief. Besides that, Alison needs to be balance in her information gathering, decision making and lifestyle from the theories of Myers Briggs. By balancing four psychological preferences, she will be able to make a good decision, gather more information before starting her business, and catch up with the latest trends for her clothing.

How successful have the Irish Government and the European Central Bank Essay

How successful have the Irish Government and the European Central Bank been in running the Irish economy over the last two years - Essay Example Ever country’s economic policy has a number of generic objectives like attaining economic growth, healthy levels of employment and inflation, increasing price stability and equilibrium on the balance of payments. To this end governments use tools of macro-economic policy, like fiscal, monetary and exchange rate policies (Palmer, n.d). The Irish economy is member of the European Union and controlled by the European Central Bank (ECB) and thus does not have perfect autonomy when it comes to making its economic policy. The ECB has a vested interest in the Euro remaining integrated across Europe and thus the interest rates implemented across all the members of the European Union have a greater agenda than that country’s economy; to keep the Euro healthy. By setting monetary policy and exchange rate, the ECB makes sure that there is price stability. However, since policies are implemented under an umbrella, sometimes decisions of the ECB for the European Union’s greater good may prove to be detrimental for a particular economy which is precisely what happened with Ireland (Palmer, n.d). The Irish crisis hit full swing in 2008 when Lehman Brothers collapsed. Their financial sector was weak and out in the open and vulnerability was high. Ireland found it particularly hard to recover from its substantial overseas debt. Fearing a contagion, the government introduced a blanket liability guarantee; however this back fired severely, destroying Ireland’s credit image and creating political tension for Ireland. (Connor et al., 2010). However, after going through a really bad time, the Irish economy finally showed positive signs in 2010, it was expected that with recovery the economy would gain full strength. The unemployment figures also rose substantially around this time, but subsequently normalized. In the second half of 2010, the Irish government took a large loan from its fellow members of the EU which was aimed at increasing growth and improving the financial system. The new policy saw strong implementation, after the first two quarters a lot of improvement was seen. The policy objectives also aimed at improving employment in economy and improving Ireland’s competitiveness in the global market. Deflation in Ireland finally started lifting off in 2011, prices began rising as factors that had been depressing them were alleviated by the new policy implementation. A jobs initiative was also put forward around the same time with the aim of creating over 20,000 jobs. The economy of Ireland finally recovered in a plan which is divided in five stages. Stage one; export led growth, this is where net exports were increased so that competitiveness would increase. Net exports had increased over 9% by 2010. Stage two; investment, increasing FDI in Ireland helped create demand for it in the world market. Stage three, employment increment, expansion in this area occurs as a joint effect by first two stages. Stage four; improved spending, increase disposable income and consequently spending of households are increased. Stage five; make demand for d omestic goods stronger, this will cause increase in tax collections and economic growth will pick up. (Hickey, 2011). As part of the fixing up of Ireland through the new policy, the government also strengthened the capital base of its domestic banks. This was thought of to have strengthened that sector and eventually Ireland’s financial institutions and markets. (Langedijk, 2011). Summing up, we look at where Ireland stands in 2012 to see whether the policy objectives and vision of the Irish government with respect to its economy have been able to be successful over the last two years. According to this report published by the Department of finance

Walmart Foreign Expansion Case Study Essay Example | Topics and Well Written Essays - 1000 words

Walmart Foreign Expansion Case Study - Essay Example The company adapted practices to fit the nature of Mexico market before transforming the market culture of American practices. However, the company has been criticized for bribery cases in the establishment of outlets in Mexico involving the executives. The company has fought these allegations through internal investigations as well as inviting other authorities not only for Mexico but also other markets which promote Walmart’s reputation. The company faced difficulties in penetrating the Japan market due to strong government protection for the local firms. The company has adopted some local practices that have promoted growth through acquired local firms. The same is observed in the China’s market that where company has adopted labor practices and considerations for customer tastes and preferences. The company has however failed in the Germany and Korea markets due to failure of adapting practices in accordance to the nature of markets in these countries. For instance, in Germany, the company disregarded labor practices and failed to hire locals to enhance management. The company also failed to improve the quality of the products and items offered. Walmart could not succeed in other countries by adopting its wholesome merchandising strategy. This is because the global markets present different factors that are not observed in the American market. Different countries have varied cultures, economic conditions and other factors that shape tastes and preferences of the locals. Firms that would succeed in these markets should satisfy the customer needs and therefore a flexible merchandising strategy is appropriate for use to promote success. Following this, Walmart would apply part of its marketing strategy that is valid for to a country and adopt other local practices to the company’s strategy. Failure to apply flexible marketing strategy, the company would experience

Money Laundering Essay Example | Topics and Well Written Essays - 1000 words

Money Laundering - Essay Example Money represents the lifeblood of a criminal or a terrorist organisation and it is for this reason that most countries and global institutions have an interest in detecting and preventing money laundering2. Researchers suggest that the estimated aggregate funds processed by money laundering activities from around the world range from US$ 590 billion to US$ 1.5 trillion3. However, approaches to regulation, implementation and enforcement of anti-money laundering legislation differ despite a consensus for global cooperation and affect the anti-money laundering efforts as nations try to balance regulation, cost of enforcement and rights4 . The major financial centres from around the world have presented a need for greatest vigilance and effort directed towards prevention and prosecution of those involved in money laundering because global flows of dirty money are either generated in affluent economies or flow through these centres. Thus, it makes sense to try to examine the nature, empha sis and implementation of the anti-money laundering regulation and efforts in London and the UK within a broader regional and global context involving other major financial centres from around the world. It is with the previously mentioned objectives of interest to all those with an interest in the topic of discussion that this dissertation attempts to examine critically the prevailing anti-money laundering regime in the UK. To try to examine the anti-money laundering approach in the United Kingdom from the perspectives of domestic concerns, rights, expenses incurred for enforcement and development of European and international law and regulation. To present an examination of the processes for money laundering, their evolution and the manner in which the United Kingdom anti-money laundering regime acts to effectively prevent and deter money laundering. To try to present suggestions for improvements in effectiveness of the anti-money laundering regime in the United Kingdom,

Australian Contract Law Essay Example | Topics and Well Written Essays - 1500 words

Australian Contract Law - Essay Example However, after informing James, Bert advertised the sale at $ 60,000 or near. Also, the advertisement was made on the notice board of the Historic Speed Boat Club. As a response, there was one more buyer; Alphonse. Bert duly informed the new buyer about the existing right of first refusal and claimed that he would be selling only at $ 60,000 or near. Alphonse inspected the boat and offered $ 60,000 as he came to know that someone has the right of first refusal if the amount is $50,000. Bert rang James and communicated this information and James agreed to buy the boat at the agreed price of $ 50,000. However, Alphonse claims that the speed boat was originally sold before the discussion. In the case AstraZenaca UK Limited v. Albemarle International Corporation and Albemarle Corporation (2011) EWHC 1574 (Comm), (as cited in Howell 2011), the English High Court made certain findings which reduced the ambiguity surrounding the right to first refusal. According to the terms of the rights of first refusal, if one party grants a right of first refusal to another party, the former still has the right to find a third party buyer, and before signing an agreement with the third party, the same terms should be offered to the right holder; and if the right holder accepts the terms, it should be given preference (ibid). In other words, in the given case, the seller has the right to accept any third party offer, but it has the obligation to disclose the full details of the offer to the first refusal right holder and give the chance to match the offer. If the right holder fails to match the new offer from the third party, the seller has the right to sell it to the third party Silverthorne (2006). Here, one can see that Bert had properly informed James about the advertisement for a higher price. Also, he had duly communicated with James about the new offer when Alphonse

Federal Contracting Activities and Contract Types Research Paper

Federal Contracting Activities and Contract Types - Research Paper Example Many governments nevertheless have continued to use these machines. The Department of Defense plans to issue a $400,000 government contract to a company that specializes in drone navigation technologies. This paper will review two companies Lockheed Martin and Boeing Company. Further, it will determine which of the two should win the contract. In 1916, an idea to build a better airplane was conceived by William Edward Boeing in a boathouse on Seattle’s Lake Union when he assembled a group of expert to bring this dream to life. Today, the Boeing Company is the largest aerospace company in the world manufacturing commercial aircraft, satellites and military aircrafts. With over 145 countries as customers, the company boasts of over fifty billion dollars annual profits (Yenne, 2005). Currently, it is the leading contractor to the US National Aeronautics and Space Administration (NASA). By the turn of the century, the company employed over 150,000 people in over 60 countries. Curr ently the company is headquartered in Chicago. Boeing Co. brings together five of the most influential corporations in aerospace history. This cooperation includes Hughes space and communication, McDonnell and Douglas, Boeing, North America aviation and North America Rockwell. McDonnell and Douglas had previously merged in 1967 while Hughes space and communication merged with Boeing Co. in 2000. Boeing’s business model is carried out by two major groups, Boeing commercial airplanes and integrated defense systems. The current chairman and CEO of the company is James McNerney. Lockheed Martin is an American security, advanced technology, defense and aerospace company founded in 1995 by the merger of Martin Marietta and Lockheed corporations. In 1996, it acquired Loral corporations. Its headquarters are in Maryland, Washington; currently, the company employees over one hundred thousand people in over five countries. Primarily, the company is involved in research, design, develop ment, manufacture, and sustainability of advanced technology systems. The journey of Lockheed Martin began in 1912 when Glen Martin founded the Glen L. Martin Company. From a rented church building, Glen built his first airplane. In the same year, Malcolm and Alan Lockheed established the Alco Hydro-Aeroplane Company. This company was later renamed the Lockheed Aircraft Company. Malcolm and Alan were competent mechanics who in their garage built seaplanes. Lockheed Martin Corporations grew from a church and a Garage. These were very humble beginnings but the founders were unrelenting and visionary men who saw a better future for their businesses. Lockheed Martin produces a number of aerospace and defense machines. Some of their several unmanned aero vehicles manufactures by Lockheed Martin include, K-max, tracer, stacker UAS, X56A, desert hawk III just to name but a few. In recent times, the Boeing Company has won a number of military contracts from several countries. In 1999, the B oeing Integrated Defense Systems was chosen to design and manufacture unmanned orbital vehicle. Boeing, Nasa and the US air Force jointly funded the project in a span of four years. The project cost was 194 million. In 2013, the Boeing Company in, St. Louis, Missouri was awarded a fifteen million firm-fixed-price contract by the US Navy. The contract was for

Reflective paper Essay Example | Topics and Well Written Essays - 1000 words

Reflective paper - Essay Example Similarly, developments in the fields of Humanist theories, Learning theories, Cognitive theories, and behavioral theories have also opened new horizons of knowledge for the psychologists in dealing with their clients. This paper reflects on the major human development theories and analyses how far they have contributed in identifying and resolving the mental, Psychological, behavioral and physical problems of clients. To begin with, one can never undermine the contributions made by the Psycho Analytic theorists in understanding human development and problems associated with the developmental stages of clients. G. Stanley Hall, who tried to make a detailed study on Darwin’s evolutionary theory attempting to correlate childhood with previous ages of mankind, made his greatest achievement in his child centered research. His seminal book The contents of children’s minds, published in 1883, tried to resolve the history and the means of progress of mankind by the findings of what children know and when they learn it. Hall also accepted Sigmund Freud’s sexuality theory and believed that the sexualized energies of boys have to be promoted, channeled and managed. He is known as ‘the father of adolescence.’ Though his work has been considered outdated his ideas are still applicable in education, scouting and team sports. (G. Stanley Hall (1844-1924)). Similarly, psychologi sts draw conclusions from Hall’s theories have which facilitated in identifying adolescent problems and in treating them. Hall’s theories are widely applied in the field of special education and they have proved to be highly beneficial in offering â€Å"individualized services for adolescents in grades 6-12 who have experienced depression, withdrawal, low self-esteem, socialization problems, learning disabilities, post traumatic stress disorder, or self-injurious behaviors† (G. Stanley Hall School). The term psycho analytic theory is originated with study of the great psychologist