Assignment of Acc Essay Example | Topics and Well Written Essays - 1500 words

Assignment of Acc - Essay Example 129). Among number of departments, the name of finance department is one of them. Finance department is responsible to manage and utilize the funds of the company as a whole. There are number of concepts that come under the ambit of finance and its related literature. Concepts are now moving and enhancing with perfection as well (WILLIAM G. DROMS, Jay O. Wright, 2010, pp.176). Among number of concepts, the name of fund management is one of them, which has its own recognition and importance in a broad nutshell. Managing the funds is an important provision and organizations always have to do something to do the same (NEELAN, Michael H., 2007, pp. 148). The main theme of this assignment is to pen down a sort of analysis broadly refers to cost management stance. The company name of Cycler mate and there are 4 different options from which the entire productivity of the company would be analyze accordingly. Option-1 Stop selling through cycle shops, and focus instead on building up direct mail order and internet sales Cost efficiency is one of the most integral and important part of an organization through which an entity could get the desired result (WARREN, David R., 1997, pp. 57). Organizations have to consider different options in order to get the things done accordingly. Currently, there are number of selling options are available which could be consider by a company or a management to pursue, merely to decrease down the level of cost association. In this scenario, the company is strategizing to go with internet based sales instead of focusing on the selling of the cycles through the cycle shops. Selling the cycles to the consumers with this particular action, will certainly decrease the level of cost of the company and resultantly will increase the financial belongings of the company as a whole. The budgeted figure of this scenario is mentioned below, Sales units price ? Cost Per Sale direct mail order and internet 1,100 700 1.57 cycle shop 1,400 420 3.33 The c omparative analysis of direct mail order and internet and cycle shop is mentioned below in details, year to 12/30/2012 12/30/2011 12/30/2010 12/30/2009 12/30/2008 Â   units units units units units direct sales units 1,055 1,178 967 850 743 shop sales units 1,450 1,621 1,334 1,172 1,010 Total units 2,505 2,799 2,301 2,022 1,753 Difference 395 443 367 322 267 Project Revenue through Direct Sales = 1100 * 700 = 770,000 Project revenue through Cycle Shops = 1400 * 420 = 588,000 Difference = 182,000 270 more cyle units would have been sold by the company to increase the revenue through direct selling 1100 + 270 = 1370 * 700 = 959,000 In order to break even, sales through cycle shop should be of 1833 units in total Project Revenue through Direct Sales = 1100 * 700 = 770,000 Project revenue through Cycle Shops = 1833 * 420 = 770,000 The main strength of this particular strategy is getting the figure of the units which would have been required by the companies to use accordingly, while the re is no risk associated with the same. Option-2 According to the analysis, the price which was mentioned in the year 2011 was the best price for the company as a

#1 Essay Example | Topics and Well Written Essays - 1000 words

#1 - Essay Example On the other hand labor relations is the dealings between management and the workers with respect to the employment conditions. â€Å"Most commonly, however, labor relations refer to dealings between management and a workforce that is already unionized, or has the potential to become unionized. Labor relations is thus crucial to industries like autos and airlines with heavily unionized workforces† (Labor Relations, 2009) In most of the times the interests of the organizations and that of the labors would be opposite in direction. The management always keen in maximizing their profit and for that purpose they will compromise the interests of the workers. On the other hand labor unions are always working for the wellbeing of the workers and they are not much concerned about the profit of the organization. For workers what they are getting is more important than what the organization is achieving. Both these interests contradict at times which will end up in strained labor relationships and trade union strikes. In a changing world, especially under globalization and liberalization, a well maintained labor relationship is important for an organization in order to compete in the market. Customers will trust an organization if their product or service supply doesn’t interrupt. Poor labor relationship always results in labor union strikes which will interrupt the production of goods or service. A temporary suspension of service or supply of goods in the market will force the customers to search for other options. Once the customers move away from the organization, it is difficult for the organization to bring them back. Labor problems destroy the image of the organization in the society in which it operates. The public will often take the side of the labors even if the justice is on the other side because of the false assumption that the management always trying to exploit the workers. This public

A case study of dialog telekom

A case study of dialog telekom Dialog Telekom Limited is the largest mobile operator in Sri Lanka with over 3 Million subscribers representing and it has more than 60% market share in the communication industry Dialog Telekom one of the largest lists company on the Colombo Stock Exchange and has a market capitalization of SL Rs 161 Billion.d. Dialog Telekom Limited is a subsidiary of Telekom Malaysia International and a member of the Telekom Malaysia Group. In addition to its core mobile telephony business, the company provides international services, supporting an International Gateway infrastructure providing retail and wholesale international voice and data services under the brand name of Dialog Global. The company also provides Internet services through Dialog Internet a fully-fledged Internet Service Provider (ISP). Dialog Telekom also operates Dialog SAT, a mobile satellite service. Macro Environment Analysis: PESTEL Political Investment policies in Sri Lanka were very bright even though Sri Lanka incorporated its liberalization policies in 1977 the industry and the country did not grow as much as it was foreseen at the time of liberalization. The reasons for the hindrance to growth were the political direct intervention and poor governance. Terrorist activities have remained constant as well, during the past two decades. Economical Trade policy authorities had a negative impact on the industry and unstable macroeconomic environment. The exchange rate also demised at a very slow rate. Massive reforms were planned in this sector after the inception of liberalization. The country has to implement new reforms to attract foreign direct investments (FDI). Socio-Cultural Sri Lanka has a very high percentage of educated and skilled work force, but however Sri Lankans autonomic nervous systems inherit a bureaucratic attitude from the colonial administration those consequences in inefficiencies and discrimination. Technological Sri Lankas technology dependencies on foreign countries are very high but it has a indigenous TRCSL which ushers development and local research. Relatively comparing the country was not good enough to adapt to the technological changes on a given time horizon. The time taken for the shift from analog to digital and embracing the CDMA technology clearly tells the passion for technological changes. Legal TRCSL, the regulatory authority, is responsible for many things like addressing consumer grievances, making sure that Government policies are enforced fairly, giving feedback to the policy makers, monitoring changing industry needs etc. TRCSL was often denounced for its inefficiency, information dissymmetry and prejudice. Five forces Threat of New Entrants There are half a dozen telecom operators in the country and the new entrant would always increase the competition. The new entrant will enter the market with a differentiated product which may steal the thunder of the existing players Bargaining Power of Buyers In Sri Lanka customers are not very sensitive when compared in Western countries and there are naÃÆ' ¯ve any consumer groups in the country. Because the switching costs are very low the bargaining power of the consumer is high, Dialog Telekom with its VAS is able to have loyal customers. Threat from Substitutes Strictly speaking there are naÃÆ' ¯ve any substitutes in technologies like VOIP over wireless which is very popular in Sri Lanka. Companies with CDMA licenses and companies which are already in the fixed line communication market may cause the substitution effect. Companies that provide the substitute product are SLT, LankaBell, Suntel. Here the substitute product is the fixed line home usage phones. Bargaining Power of Suppliers Dialog Telekom is dependent on many local and international suppliers for performing its various operations. Network connectivity is important for any service provider Dialog Telekom which dose not own the national backbone is dependent on local service providers. Few players have the direct access to the national back bone. Therefore suppliers in this case are very powerful and few suppliers become the indirect competitors as well. To overcome its over dependency on its suppliers Dialog Telekon has acquired MTT. Rivalry among Competing Firms The competition among the telecommunications service providers in Sri Lanka is high but Dialog Telekom has few factors that create a competitive edge over others. Dialog Telekon mainly concentrates on giving many Value Added Services to its customers were as its competitors concentrate on tariff rates and coverage. Dialog Telekom did surpass other mobile operators in the subscriber base which clearly shows that Dialog Telekom has created a competence, cannot be imitated easily, for itself. Micro Environment Analysis: SWOT Analysis: Strengths Being the first player in GSM market it has a competitive advantage. Has the widest and best coverage in Sri Lanka Strategic relationship with other telecommunication giant in the market like Telekom Malaysia Group. Numerous bilateral collaborations with other Telecom operators. Strong Brand Equity and aggressive marketing strategies. Good PR that has been built up over past many years. Does Strategic CSR. Well built and capable Research and Development. Good eye for the investors. Strong customer base. Wide product range. Skilled Human Resource. Weaknesses No high return on investment (ROI), enormous amounts of investments were made on value addition and advertising. Failed in becoming a good Internet Service Provider. Failed on price competition with other operators. Poor human resource policies for employees. With increasing customer base Quality of service also reduced. Opportunities Huge untapped market. Constant growth in the telecommunication industry. Acceptability of VAS among customers which increases the bottom line of the company. The opportunity to leverage the strategic partnership links with Vodafone UK. Benefits that are to be leveraged in the Value Chain. Technology advancements which increases the market. Threats Many players in the small market. Threats from existing players. Erotic developments in the political, social and economical conditions. Currency exchange rates and high inflation. Rapid changes in customer preferences Changes in technology. Very low switching costs. Porters value chain model Inbound logistics: Dialog Telekom manage widespread activities to Telekom business needs. Logistics service in telecom sector is mainly needed for infrastructure that is network development. Dialog Telekom has wide range of signals all over Srilanka Services provided to customers comprises of inbound logistics. Inbound logistics are several activities related with receiving, storing, and widely knowing inputs to the product, such as material handling, warehousing, inventory control, vehicle scheduling, and returns to suppliers. Supplier relationship with industry and order management, relationship with supplier and physical help in open case inspection of received material Operations: Dialog Telekom has achieved trail in research development and new technology their operations are GPRS in 2001 one of the key element of dialog telecom is  Ã‚  2.5G GSM is a major inventory major step towards 3G , offering data speeds which is higher than the usual, packet based data communication, MMS multimedia messaging and many value added applications. The following activities commence with transforming inputs into the final product from, such as machining, packing, equipment maintenance, testing, printing and facility operations. Outbound logistics:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Outbound logistics are several activities related with collecting, delivery vehicle operation, storing and physically distributing the product to buyers, such as finished goods warehousing material handling,  Ã‚  order processing and scheduling.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Hub or warehouse management, pick and pack of material, BOQ audit, inventory management, IT Solutions: WMS, periodic inventory audits and freight management Marketing and sales: Activities associated with providing a means by which buyers can purchase the product include advertising, promotion, sales-force, quoting, channel selection, channel relations, and pricing. Service:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Activities associated with providing services to enhance or maintain the value of the product such as installation, repair, training, parts supply and product adjustment.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Customer service plays key role none of the service provider in the country follows the customer service. Dialogue Telekom has dedicated staff for customer services of over 150 service professionals, the company provides 24X7 online support for all its services to its custome Strategic Intent: For earning opportunities and future growth Dialog Telekon has started converging technology related businesses including Broadband and Digital Television media, Fixed Line Telephony. The company also acquired many companies which like Dialog Broadband Networks, Dialog Television etc which are operating in a nascent market. Company also introduced many products with very economical tariff rates because the companys motto was to use technology in such a way that it produces products that gives reliable communication and great value to its customers. This clearly shows the companys adherence to its vision which in turn talks about the companys strategic intent. Competitive Strategic Groups: The first alternative for the competitive strategy would be improve on current strategy by having unique value adding services for each of its business units like CBNSAT, DBN, Dialog Telekom. Through this customer satisfaction and thereby can charge a low price compare to the competitors. The second alternative for the competitive strategy is cost leadership to overcome the threats of low reasonable premium charge provided by the competitors. The switching from Dialog to Mobitel is having less that uses VAS in urban areas due to less VAS in Mobitel. There is no difference between SMS/VOICE and VAS in cost and coverage. In the market segment attraction of the customer would decided on the rates. If Mobitel improves on its VASes it would become a serious threat. While the entire market is purely on SMS/VOICE in that tome Dialog Telekom has focused on VAS and cost with differentiation strategy. To gain competitive advantage Dialog Telekom should with other organizations as a corporative strategy. Currently Dialog Telekom has started with some banks and super markets; along this it is trying to include alliances with popular Food chains, Stock brokers, Insurance companies etc. Strategic Routes: In Sri Lanka telecommunication industry is mainly operated on two authorities; one deal with policy and other deal with public profit seeking company, where telecommunications authorities of Sri Lanka(TASL) and Sri Lanka telecom(SLT) respectively. TASL has licensed 5 cellular operators for mobile services. Dialog Telekom plc Mobitel (pvt) Ltd Tigo (pvt) Ltd Hutchison Telecommunications Lanka (pvt) Ltd Bharti Airtel Lanka (pvt) Ltd TASL has licensed 3 cellular operators for land line services. Sri Lanka telecom plc Suntel limited Lankabell (pvt) Ltd In Sri Lanka an operator with voice telephone can use the voice in the country. For the past 5 years increase the wholesale volumes margins has conversely declined. This has an impact of telecoms, aggregators, single route operators and pure play wholesalers. most of the international is coming to Dialog mobile and SLT fixed Lines . Average route statistics CLI routes Premium white CLI route. Sri Lanka land line and mobile both available. Interconnected with direct Sri Lanka providers. Good capacity available at competitive rates. ASR=45% / ACD=8 mins. Competitive advantages: For the past few years they are diversified their business. By acquiring MIT they have managed to strengthen its back bone and also acquired CBNSAT, DERANA TV, satellite TV Transmission Company. In addition to this Dialog has created many alliances to the customers. The business plan is formulated every year and is monitored the every month. Dialog has initiative the Dialog research lab for producing the latest technologies. Nokia phones with Sinhala language and Tsunami warning system for mobiles. These technology initiates can be considered as a strategy used to capture the market. Conclusion and Recommendations: Dailog telecom had remained as a giant in the Sri Lankan telecommunication by adopting differentiated strategy. It sustained its identity with the implementation of different strategic at all levels which overcome its competitors. Its Mission and Vision statement provides a clear commitment to its employees and provide an equal set of attitude at all levels in the company.   Dailog telecom adopted directional strategy which helped the company in growth, stability and retrenchment. Overall its corporate strategy placed the company as the leader in the Sri Lankan telecom market. The directional and the portfolio strategy helped the company provides competitive advantage. The wide range of portfolio provided by the company maintains loyalty among its customers. Dailog telecom builds a bridge between its customers and suppliers due to which the customers benefited and it remains as a competitive advantage to the company.  Ã‚  Ã‚  Ã‚   For earning opportunities and future growth Dialog Telekon has started converging technology related businesses including Broadband and Digital Television media, Fixed Line Telephony. The company also acquired many companies which like Dialog Broadband Networks, Dialog Television etc which are operating in a nascent market. The entry for the new entrants had been made strictly restricted by the government which made entry barriers difficult for the new entrants. Due to this the company had to increase its financial performance and maintains long term sustainability.

Macbeth :: essays research papers

Macbeth is presented as a mature man of definitely established character, successful in certain fields of activity and enjoying an enviable reputation. We must not conclude, there, that all his volitions and actions are predictable; Macbeth's character, like any other man's at a given moment, is what is being made out of potentialities plus environment, and no one, not even Macbeth himself, can know all his inordinate self-love whose actions are discovered to be-and no doubt have been for a long time-determined mainly by an inordinate desire for some temporal or mutable good.Macbeth is actuated in his conduct mainly by an inordinate desire for worldly honors; his delight lies primarily in buying golden opinions from all sorts of people. But we must not, therefore, deny him an entirely human complexity of motives. For example, his fighting in Duncan's service is magnificent and courageous, and his evident joy in it is traceable in art to the natural pleasure which accompanies the exp losive expenditure of prodigious physical energy and the euphoria which follows. He also rejoices no doubt in the success which crowns his efforts in battle - and so on. He may even conceived of the proper motive which should energize back of his great deed:The service and the loyalty I owe,In doing it, pays itself.But while he destroys the king's enemies, such motives work but dimly at best and are obscured in his consciousness by more vigorous urges. In the main, as we have said, his nature violently demands rewards: he fights valiantly in order that he may be reported in such terms a "valour's minion" and "Bellona's bridegroom"' he values success because it brings spectacular fame and new titles and royal favor heaped upon him in public. Now so long as these mutable goods are at all commensurate with his inordinate desires - and such is the case, up until he covets the kingship - Macbeth remains an honorable gentleman. He is not a criminal; he has no criminal tendencies. But once permit his self-love to demand a satisfaction which cannot be honorably attained, and he is likely to grasp any dishonorable means to that end which may be safely employed. In other words, Macbeth has much of natural good in him unimpaired; environment has conspired with his nature to make him upright in all his dealings with those about him. But moral goodness in him is undeveloped and indeed still rudimentary, for his voluntary act s are scarcely brought into harmony with ultimate end.

Ethical Interpersonal Communication Essay

Ethics refers to standards of conduct, standards that indicate how one should behave based on moral duties and virtues, which themselves are derived from principles of right and wrong. The major determinant of whether communications are ethical or unethical can be found in the notion of choice. The underlying assumption is that people have a right to make their own choices. Interpersonal communications are ethical to the extent that they facilitate a person’s freedom of choice by presenting that person with accurate information. Communications are unethical to the extent that they interfere with the individual’s freedom of choice by preventing the person from securing information relevant to the choices he or she will make. Unethical communications, therefore, are those that force a person to make choices he or she would not normally make or to decline to make choices he or she would normally make or both. The ethical communicator provides others with the kind of information that is helpful in making their own choices. You have the right to information about yourself that others possess and that influences the choices you will make. Thus, for example, you have the right to face your accusers, to know the witnesses who will be called to testify against you, to see your credit ratings, to see your medical records, and so on. At the same time that you have the right to information bearing on your own choices, you also have the obligation to reveal information that you possess that bears on the choices of your society. Thus, for example, you have an obligation to identify wrongdoing that you witness, to identify someone in a police line up, to notify the police of criminal activity, and Ethical Interpersonal Communication 3 to testify at a trial when you posses pertinent information. This information is essential for society to accomplish its purposes and to make its legitimate choices. Similarly, the information presented must be accurate; obviously, reasonable choices depend on accuracy of information. Doubtful information must be presented with qualifications, whether it concerns a crime that you witnessed or things you have heard about others. At the same time that you have these obligations to communicate information, you also have the right to remain silent; you have a right to privacy, to withhold information that has no bearing on the matter at hand. Thus, for example, a man or woman’s previous relationship history, sexual orientation, or religion us usually irrelevant to the person’s ability to function as a doctor or police officer, for example, and may thus be kept private in most job-related situations. If these issues become relevant say, the person is about to enter a new relationship then there may be an obligation to reveal previous relationships, sexual orientation, or religion, for example, to the new partner. In a court, of course, you have the right to refuse to incriminate yourself, to reveal information about yourself that could be used against you. But you do not have the right to refuse to reveal information about the criminal activities of others. In Canada, only lawyers and marriage partners are exempt from this general rule if the â€Å"criminal† was a client or spouse. In this ethic based on choice, however, there are a few qualifications that may restrict your freedom. The ethic assumes that persons are of an age and mental condition that allows free choice to be reasonably executed and that the choices they make do not prevent others from doing likewise. A child 5 or 6 years old may not be ready to make certain choices, so someone Ethical Interpersonal Communication 4 else (a parent or legal guardian) must make them. Some adults, for example people with advancing Alzheimer’s disease, need others to make certain decisions (legal or financial decisions) for them.

Evaluate the benefits of self managed learning to the individual and organisation Essay

What do you understand by the principles of Diversity? I understand that principles of Diversity are our own rules that we create not to get driven away from achieving our goals by any of the many existing aspects of our life like culture, friendships, health or household problems. Anything that’s happening in our lives is affecting us in a good or bad way. Because of this it’s important that we set our principles to stay on track and motivate ourselves. Therefore we have to respect our rules and follow them in bid to make our goals come true and be successful. In my understanding that’s what principles of Diversity mean and every one of us set them differently. How do you think the principle can affect your goals? Principles are often affecting our goals, changing the  time of achievement  or completely changing the goal itself by changing the circumstances of a life. I would like to use a government rules. Because of this country’s principles that gives us chance to study by granting people at any age with financial help we can educate ourselves. Unfortunately not all countries create as many opportunities and when I was eighteen years old I couldn’t study as it costs big amount of money that I cannot afford and I wasn’t entitle to any financial help. Therefore I have choose to leave my country of origin to pursue further education. This indicates that principles of my country aren’t suitable to help me achieve my goals, which were to finish college and go to dance school by this time, instead I just started college. That shows how my goals changed timely and some of them are unachievable due to circumstances. Nevertheless we should try the hardest to be successful and reach out for the opportunities.