Posted on

WAL-MART CHAIN STORE

WAL-MART CHAIN STORE

Research and choose one international corporation to discuss (Wal-Mart). You may use the Fortune Global 500 to help you choose a corporation (http://money.cnn.com/magazines/fortune/global500/2009/). The corporation you choose may be headquartered in either the United States or a foreign country.

1. Provide a company overview, and identify the countries in which the corporation operates.

2. Identify the types of market systems and types of legal systems that exist in the countries where the corporation operates. What effect do these have on the company’s operations?

3. Discuss the possible sources of political risk for: (a) the countries in which the company has a presence and (b) the basic nature of their products and operations. If you were a political consultant for the company, how would you suggest the company approach its political risk given trends in international political systems?

4. Identify the stakeholders the company must satisfy. Why is this process more difficult for companies operating internationally?

5. Summarize the company’s code of conduct. State the reasons why it is in the company’s best interest to follow its code of conduct when operating in foreign countries.

6. Does the company have any social programs in the country/countries where it operates? If so, briefly describe one.

7. What are the indicators the company might monitor to guide their investment and actions in the future?

 

 

Wal-Mart is a retail store that operates more than four thousand outlets in the world. It is the largest retail store in the United States of America and is largest retail chain in the world as well. It also dominates the retail store market in Mexico, Canada and the United Kingdom. Its sales include general merchandise such as household needs, family apparel, electronics, shoes, jewelry and beauty aids. The store also runs a photo processing center, tire and lube express and a department of pharmacy. Wal-Mart operates in twenty eight countries and employs more than two million people globally. In other countries other than the United States, Wal-Mart uses different names. The stores are called Welmex in Mexico, Toda Dia in Brazil, Seiyu in Japan, Asda in the United Kingdom, Supercentre and Discount Store in Canada, Trust-Mart in china, Econo in Chile, Pari in Costa Rica, Dispensa Familiar in Guatemala, Dispensa Familiar in El Salvador, Pali in Nicaragua, Dispensa Familiar in Honduras, Changomas in Argentina and Best Price in India. Most recently, Wal-Mart acquired fifty one percent of Mass-mart stores in South Africa, a retail store with two hundred and eighty eight outlets operating in fourteen countries in the southern Africa region (Pereira, 2002).

In the United States where Wal-Mart has its greatest presence, the market system is a free market economy under a capitalistic setting. The consumers relate to the economy by seeking the best value at the lowest prices with free political beliefs and protected rights. Wal-Mart is succeeding by appealing and supporting the consumer needs while striving to remain efficient in its business aspects and offering the lowest prices possible (Courser, 2005). In operating in the other countries, Wal-Mart had to adjust in order to remain flexible and adapt by showing local understanding. Being a typical American store it had to change many of its ways in order to reach out to the suspicious German consumers and the British consumers who are seen as being reserved. Generally, consumer tastes and preferences vary in different countries and therefore Wal-Mart was aware of the fact that selling the same products it sold in the United States in the same way would lead to failure. In the Chinese market for instance, Wal-Mart realized the customers had preference for leafy vegetables than anywhere else where it had outlets. Due to the strict government regulation in China, Wal-Mart could only source for some products such as tobacco and alcohol locally (Towers, 2004).

When venturing into Germany, Wal-Mart acquired more than one hundred of two chain stores which were already operating in Germany. It opted to rebrand due to the low levels of customer care and service that had been dominating the German market. Changing the culture of the consumers in Germany was however not easy and some strategies which had worked well in many other countries were received suspiciously in Germany, for instance, the culture of having Wal-Mart greeters at the store entrance was perceived by the customers as being superficial. The success of Wal-Mart in the global market can majorly be attributed to the way it has been implementing its business culture by tailoring it to local tastes, politics and legal frameworks. Wal-Mart also has a culture of obtaining ideas from its staff for example the successful singles shopping nights held on every Friday nights in its outlets in Germany (Towers, 2004). Given its global presence and success, Wal-Mart can succeed in many other places in the global market provided it tailors its operations to fit the local political and legal needs.

Wal-Mart has two categories of stakeholders: market and non-market stakeholders. Among the market stakeholders that Wal-Mart has to satisfy are stockholders who are interested in the market performance and dividends paid thereof, the Wal-Mart executives who are also interested in market performance since their compensation depends on it, the employees who earn their livelihood from Wal-Mart. Good market performance means they can retain their jobs. The other market stakeholders are the community where Wal-Mart operates and the consumers who are interested both in good performance of the store to benefit from employment and low prices respectively and the non-profit organizations which benefit from funding through the Wal-Mart good Works foundation. Another group of market stakeholders are other retailers (Pereira, 2002).

According to Pereira (2002), Wal-Mart must also satisfy a number of non-market stakeholders such as labor unions. Wal-Mart has it that they can take care of their employees and provide good compensation plans and therefore should not join labor unions. However, Wal-Mart was once charged by the national board on labor relations for violating federal laws by not allowing the employees to hold elections and join the United Food and Commercial Workers International union. The other two non-market stakeholders are international retail stores and politicians. Politicians may be for or against new advancements of Wal-Mart into their districts and some depend on Wal-Mart for campaign funding.

Wal-Mart has a code of conduct on which it has established its culture based on the philosophy ‘respect for the individual, service to customers and striving for excellence’. The code of conduct has been instilled and perpetuated through its employees in all its outlets globally. Some aspects of the code are adjusted in order to attain ‘service to customers’ in new market segments (Pereira 2002). Wal-Mart also operates social programs in the countries it operates by funding non-profit organizations in those countries through the Wal-Mart good Works foundation. For example in Chile and El Salvador, the foundation has successfully funded education, children and environmental programs (Zimmerman & Hudson, 2006).

The actions and investment decisions of Wal-Mart in the future are guided by their strong desire to dominate the global retail store market while providing the locally needed goods and services at the lowest market prices possible. The store venture into new market areas based on the customer base and consumer needs it can satisfy (Sobel & Dean, 2007).

 

References

Courser, Z. (2005). Wal-Mart and the Politics of American Retai. Washington DC: Competitive Enterprise Institute.

 

Pereira, M. (2002). Wal-Mart: Staying on top of the fortune 500. The Graduate School of Political Management, George Washington University.

 

Sobel, R. S. and Dean, A. M. (2006). Has Wal-Mart buried mom and pop?: the impact of Wal-

Mart on self-employment and small establishments in the united states. Western Economic

Association International

 

Towers, D. (2004). Wal-Mart: A glocalised company. Managing Global Business. Lyon: University of Jean Moulin

 

Zimmerman, A. and Hudson, K. (2006), Managing Wal-Mart: How U.S. Store Chief Hopes to

Fix Wal-Mart. The Wall street Journal, Monday Extra.

 

Order you

Place your order here……….

Order with us now………….

Posted on

Normal distribution and Standard Scores

Normal distribution and Standard Scores
Question 1.Howell identifies four reasons why the normal distribution is one of the most important distributions you will encounter. Discuss these four reasons while paying attention to the emphasis that we are making assumptions in regard to the normality of our distributions.
Question 2.Discuss your previous experience with standard scores. You have probably encountered standard scores as a student, a parent, or as a test administrator. Additionally, discuss how you might use standard scores in your professional or academic future. What are some advantages and disadvantages in using standard scores?
…………………

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

Posted on

Organizational Metaphors Essay

Organizational Metaphors Essay
Students will develop a comparison and contrast essay of two organizational metaphors discussed in the Morgan text.- {Morgan, G. (1996). Images of organization. 2nd ed. Newbury Park, CA: Sage.}
Metaphor 1
Using one of the metaphors (and its concepts, theories and models) from the Morgan text is clearly examined. (Approximately 2 – 3 pages)
Metaphor 2
Select a contrasting metaphor from the Morgan text. Using this second metaphor (and its concepts, theories and models) and make sure it is clearly examined. (Approximately 3 – 4 pages)
Conclusion Here in part 4 draw conclusions from your analyses. Given an analysis of the from two perspectives what can you conclude about each perspective. (Approximately 2 – 3 pages)
Part 5: Reflection
Conclude your paper by discussing what you learned about doctoral level research by completing the assignment. (Approximately 2 – 3 pages)
The paper includes a discussion of the role of metaphors in organizational diagnosis. Both metaphors from the Morgan text are clearly explained.
The metaphors to be discussed are: The machine and political system

………
Having a similar paper…order now……….

Posted on

Factors that are related to the success of Entrepreneur (SMEs) in tourism industry in Phuket of Thailand as an aspect of Entrepreneurship”.

Factors that are related to the success of Entrepreneur (SMEs) in tourism industry in Phuket of Thailand as an aspect of Entrepreneurship”.

1. introduction 2. Literature review 3. Complete Ethic form for questionnaire.

 

Discussed progress with dissertation
To do
Focus on one business sector – eg tourism industry in Phuket
SME needs to be defined – i.e EU definitions of SME in different counties as well and different business sectors
Statistics – for sme’s growth or decline? By Business sector
Importance to Thailand in terms of GDP
Development of Asian equivalent of the EU
Rate of attrition
Thai tourism support? Government and other associations
Success Factors
SME : information about SME in Thailand
Tourism: important of the sector………………

 

Order your dissertation paper now……………..

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

Posted on

ANALYSIS OF THE CHOCOLATE INDUSTRY IN UNITED KINGDOM

ANALYSIS OF THE CHOCOLATE INDUSTRY IN UNITED KINGDOM

Describe how the Chocolate industry is growing………………..

Introduction

UK Chocolate industry produces with no doubt a wide variety of chocolate brands manufactured by various manufacturers namely; Mars (bars), Nestle (milky bar), Cadbury (dairy milk), master foods (galaxy), Nestle (kit Kat), Cadbury (dairy milk Fruit &Nut), Cadbury (milk mint) and many more brands. These brands are distributed worldwide to regions where their demand is high which is at different levels due to the varying tastes and preferences and the distribution mechanisms applied.

The Current Demand for Chocolate

The demand for confectionary chocolate in the Middle East and Africa is strong within the middle class consumers and the sales have grown with growths in population. The retail sales volume of chocolate consumption has grown by 2% in Iran while the dark chocolate tablets have increased by 10% in Saudi Arabia. In South Africa the Snack bars consumption have grown by 2%. Americans make use of a round £3billion of chocolate every year but Europeans consume more per capita. Most consumption depends on the seasons where more people consume in winter. Most consumed brand is the kit Kat and the Cadbury brands which have markets all over the world. The chocolate is consumed in the form of chocolate bars, powder form, as beverages and other styles (Sarah, Amy, and Scot 2006)

The past demand for chocolate

The chocolate demand in the past ten years has been growing with time where environmentalists claim it’s due to changes in weather conditions. Europe has been leading in chocolate consumption followed by America especially with the hot chocolate drinks. The demand for chocolate depends on price, income, population and population structure and tastes and preferences. As the price rises up the demand goes down, contrarily, as income rises the demand raises. The population structure that has most youth increases the demand compared to the old and as the tastes and preferences of the population goes up for the chocolate brands so does the demand for the products. There has been a higher demand for chocolate products globally for the last 30 years attributed to the changing tastes and preferences due to environmental changes.

The market structure for chocolate

Chocolate has an international market despite its main usage being in North America and Europe. The Asian market is gradually rising with the main companies; Hershey’s Chocolate and Mars Candy Companies commanding a big share of production and supply of candy chocolate. U.S has majorly Oligopoly production of chocolate. Any company can enter the market though the market is very competitive and therefore the local companies have to compete with foreign companies that do a lot of importation. By the year 2005 the total sales showed that Mars Inc led with U.S $9546 million, followed by Cadbury Schweppes PLC with U.S $8126 million, Nestle SA came third with $7973 million; Ferrero came in Fourth with$5580 million and Hershey foods Corp closed the top five with $4881 million in total sales. Kraft Foods Company had total sales of $ 2250 million while Meiji Seika Kaisha ltd had $1693 million $20million more than Lindt. Barry Callebaut AG and Ezaki Glico Co. Had total sales of $ 1427 and $ 1239 million respectively during that the same year. These are the major companies commanding the chocolate market in the world though the market is highly contestable with more than ninety players in the market. The industry is regulated by food and drug administration because it falls under the category of foods. Therefore they give guidelines on the ingredients used in the manufacture of chocolates and its products.

Conclusion

With the rising prices of cocoa, consumers of chocolate in UK are finding it hard to cope with the escalating prices. Despite escaping the worst of the depression due to its affordability, price sensitivity is affecting it immensely. The manufactures are responding by reducing their weights and increasing prices due to a rise in cocoa price. The consumers now prefer to buy smaller packs and they may later substitute to snacks like yoghurt and crisps. The chocolate consumption may be a thing of the past as time goes by in regard to the growing concerns about the future of cocoa production.

The Firm Theory

Introduction

The buyers’ bargaining power is very strong when there is an excess supply of the chocolate products. These in turn lowers the profits level of the firm. These calls for innovation by production of different brands to enhance customer loyalty and producers control of the pricing efforts. On the other side the suppliers may have a competitive force that may weaken the level of profits in a firm. Other factors that affect the pricing mechanism of the chocolate include; availability of substitutes, tastes and preferences, competitors pricing and seasons. For profit maximization, the producer must evaluate keenly these factors to avoid overpricing or under pricing.

The Pricing Mechanism for chocolate firms

The price of cocoa and chocolate is fairly inelastic in the short run. This implies the there is a small effect of price changes on consumption. A typical chocolate firm may hold income of consumers fixed and prices to fluctuate. Let’s say if they let P1 vary and hold P2 and income M fixed, a curve referred to as the price offer curve will be formed by the locus of tangencies. This result into a situation where a lower price for product 1 will lead to a higher demand for the product 2 such that the law of demand is attained (Tian 2011). In the other situation a reduction in price of product 2 will cause a reduction in demand for product 1. To maximise profits they will take the highest curve tangent and determine the price to charge the consumer at equilibrium.

Another way of pricing the chocolate products is by use of participative pricing (Kim, Natter, and Spann 2009) where the buyer is allowed to pay for what he wants. This involves analysis of behaviour of the buyer and the effects for the revenue realized. It was discovered that through the behaviour, a buyer could not pay a zero price for the products. This is caused by the interference within the buyer’s willingness

Conclusion

Pricing of products is of essential importance to any manufacturing firm as this may determine whether or not the firm may make profits. However, firms should consider all the factors affecting demand and supply to prevent overpricing of the chocolate products. Besides, innovation of different products of good quality may be a way of diversifying with the change in the world market supply of the raw materials since the cocoa production is gradually deteriorating. Hence future prices might be too much for chocolate lovers.

Causes of the recent recession

Introduction

Recession is a period of downturn of the economic activities of a country or the world at large. It leads to low consumer confidence, reduction in values of homes, rise in food and fuel prices and generally a financial crisis. The world at large experienced a period of recession in the late 2000 where most affected were the stock markets holders and home owners in the Europe and America and Asian countries. It began in the year 2007 only to end in 2009 though the effect is still being felt till now with the high fuel prices.

The Causes of the recession

Differing debates have been put fourth as to what caused the depression, some economists point out that the origin of the crisis was caused by downfall of the real estate market in 2006 due to huge U.S debts. On the other side some economists claim there was poor regulation structures by Alan Greenspan the U.S Federal Reserve Chairman in relation to financial instruments regulation.

Recession was also caused by the high interest rates which minimized the liquidity increasing the rates by 6.25% in May 2000. The Federal government slugged to increase the interest rates again when the economy boomed in 2004.

The impact on U.K economy

The U.K had to reform its taxation systems through household’s tax rebates in order to support certain sectors like the housing sector. €200 billion was proposed by EU for all the European countries to adapt in 2008. The British government also called for a rescue package for banks which saw the increase in capital markets and setting a side of a liquidity stack for banks. Besides since the pound fell down in value against the dollar value, this made imports expensive and their exports very cheap. The interest rates for foreign debts went up for the U.K economy making the cost of foreign borrowing by the local investors to rise up. Some of their chocolate products had to be sold at cheaper prices reducing the profit margins. Some chocolate firms were to be sold hence posing a threat to the employment rates e.g. Kraft Foods which took over Cadbury. This caused more of cyclical unemployment for the chocolate workers. The quality of the chocolate brands may in turn be jeopardized since the Kraft foods co. is a firm struggling with debts and hence through its greediness it may try to compromise with the quality of chocolate brands through cost minimization.

Conclusion

Inflation affects all sectors of the economy and in valuation of a firm the board of directors should factor this in its valuation before putting forward their ask price. Cadbury in its initial bid did not factor this but later on changed its bid price to £11.5billion resulting into a renegotiation with Kraft foods company. The Kraft company should not be greedy to make profits by a possible layoff of the employees as this may cause further crisis in the U.K.They should rather find a proper way of minimizing the costs to make genuine profits.

Determination of exchange rates

Introduction

Exchange rates refer to the price of one countries currency in relation to another’s currency for example U.S $/K.shs. the exchange rate may be a spot rate where there is trading of currencies for immediate delivery in the interbank market or forward rate where the delivery is done at a quoted future date. The market for currencies can not be seen but rather it’s done electronically through use of foreign brokers and dealers who link the buyers and sellers of foreign exchange.

How the market works

Demand of currency

The foreign exchange market demand for pound arises from the American demand for the pound valued financial assets. If the prices are set in pound in the U.K the Americans have to pay for the pound priced goods of which they have to exchange their dollars for Pounds, thus they will demand the pounds. Higher price for the dollar reduce the U.S demand for Pound rated products. Similarly, as the dollar value for the pound falls the American investors demand more of the pound hence U.K products will be cheap resulting into a down-sloping demand curve for pounds.

Currency supply

The supply of pounds equivalent to dollar demand is commensurate to pound denominated land demand for U.S products/assets. For the U.K residents to pay for their U.S goods they must get the dollars. As the dollar value for the pound increases reducing the cost of pound for U.S assets the higher pound demand for U.S assets results into pound demand for the dollars thereby raising the supply for pounds.

Why the Pound fell against the dollar

Following the recent recession and debt crisis the British pound succumbed to the U.S dollar. This was as a result of higher prices for domestic energy due to inflation that is still being experienced worlwide. Besides, the sterling pound has continued to fall for the last 12 months due to the increasing borrowing rates. The cost for foreign borrowing for British firms from the U.S companies went up which forced the Cadbury to revise its bid price to £11.5 billion due to its £22billion of foreign debt it poses. The Kraft Foods co. immediately announced 840pence as the share price and 10 pence as dividends. The Kraft co. May shed off over 7000 employees at the Cadbury with the interest of making profits.

Conclusion

Exchange rates determination and regulation should be carefully observed by the relevant authority to protect both foreign investors and local investors from price fluctuation. Proper mechanisms should be put in place by the British government to control the falling value of the British pound against the dollar. In most cases it’s the foreign investors who suffer most due to a fall in the exchange value of the British and Sterling pound. Besides, it calls for a collective responsibility between the foreign exchange dealers and the government for effective stability of the Pound.

THE FUTURE FOR CHOCOLATE INDUSTRY

Introduction

Chocolate products have no doubt the highest demand across the world with the continued product differentiation to suite the tastes and preferences of different consumers. The industry as discussed earlier has an oligopoly market structure which implies that any firm can enter and leave the market. It faces extreme competition and therefore local firms with little capital input may be phased out of the market if they are not innovative. With the unchecked rates of inflation some of the industry may find it difficult to control its production costs.

The Future of the industry

In future, say 30 years time the world might run short of chocolate since the cocoa farmers might abandon their crops due to low returns they get from the firm. The prices of the products might continue to escalate as the cost of the cocoa goes up. This is due to the low incentives the farmers get for their crop hence most of them might substitute for other cash crops making the available ones too little for mass production. Besides uncontrolled pests and diseases lowers the quality of the plant requiring the farmers to renew the plant which is tedious and hence possible abandonment of the plant. With the growing upsurge of population the agricultural land is becoming competitive for production of cocoa plant. The weather change is another concern which due to aridity may reduce the production of cocoa for export. We are going to have a serious decline as a result of this phenomenon thereby making cocoa to be a thing of the past.

Conclusion

Despite all the concern about the future of cocoa, there is little hope for chocolate lovers as other continents like South America, Caribbean and Asia who also produce cocoa which may sustain its production for some more time. Though it is not known how long it may last cocoa production still remains a concern among researchers find away of dealing with this possible extinct of cocoa plant to prolong production of cocoa.

References

Guoqiang Tian (2011) Microeconomic theory, Texas A &M university college station Texas

Ju-Young Kim, Martin Natter, and Martin Spann (2009), Anew participative Pricing

mechanism, Journal of Marketing, issue No. 74 Pp 56

Sarah, Scot, and Amy (2006), The market for chocolate, Trinity University

PLACE AN ORDER TODAY &GET 15% DISCOUNT (CODE GAC15)

 

Posted on

EAGLE TOURS AND TRAVEL

13
BUSINESS PLAN
…You have decided that you would like to formally start an entrepreneurial business. To ensure the success of your business, you will produce a business plan. The plan will assess, compare and contrast alternative schools of thought, cultural and political differences which impact the application of management activities within the broad notion of entrepreneurship…………….

 

EAGLE TOURS AND TRAVEL

 

 

BUSINESS PLAN

 

 

Contacts

Address: Klosterstrasse12/ Bruchstrasse 41 Lucerne 6002Switzerland

 

 

 

 

 

 

 

 

 

 

 

Table of contents

Contents

1.0 EXECUTIVE SUMMARY.. 3

2.0 Business description. 4

2.1 Objectives of the company. 4

2.2 Features to Success. 5

3.0 Market Analysis. 5

3.1 Market segmentation. 6

4.0 Proposed services. 6

5.0 Organization and management Summary. 7

5.1 Organization Structure. 7

5.2 Management team.. 7

6.0 Market strategy. 7

6.1 Pricing of services. 8

7.0 Financial management 8

7.1 Break-even analysis. 9

7.2 Projected profit and loss. 9

7.3 Projected cash flow analysis. 9

7.4 Proposed balanced sheet analysis. 10

7.5 Proposed Business Ratio. 10

8.0 References. 11

 

1.0 EXECUTIVE SUMMARY

Environmental factors favour launching of a new tours and travel agency to convene for extra superior-quality tourist service connecting different diversity across the planet. This tours and travel agency will base its business and marketing strategies towards achieving high and profitable services through incorporation of unmet demand and under-served markets. Besides the agency launch will be in a position to meet off-peak seasons of the tourists who travel for a change of climate.

Moreover, the proposed new tour and travel agency will be premeditated around to utilize the most current electronic, informational and tourist technologies to ensure minimal marketing and operating costs, maximum efficiency and in deliverance of its services. Its going to dedicate its staff and entire organization in providing quality services, convenience and adequately seeing to the wants, safety and comfort that see to its quick acceptance in the market and perpetual growth and achievement.

The five main features leading to the achievement and profitability of this new business will be: Provision of quality services to destinations that are presently unserved and poorly served hence availing a new style and strategy in tourism industry in Switzerland, use of cost effective and environmental friendly transport services for tourists’ comfort and satisfaction, Provision of navigational facilities and effective transport services to ensure greatest level of punctuality, reliability, safety and customer satisfaction, providing a friendly, enjoyable, but highly professional personal attention to tourists , providing non- electronic service to tourists who have not yet embraced the electronic world and improvement and implementation of associations and partnerships with high reputational airlines and hotels within and beyond the region to create a large link through comfortable recipient and accommodation to our tourists.

 

2.0 Business description

Eagle’s tours and travel agency will be an international organization that will provide transport, accommodation and advisory services to all the local and international tourists around the world. Our vision will be ‘our tourists our pride, a job has to be done.’ We will work on the mission statement “to provide a world class internationally recognized tours and travel services to our customers”

2.1 Objectives of the company

The proposed tour and travel agency will have the following primary objectives.

To create and manage anew regional tour and travel agency with the aim of linking the culture diversity a round the world.
To offer and absorb the underserved and unserved demand in some tourist destinations meeting peak demands in certain key seasonal times.
To implement an organizational and marketing scheme that will serve a range of 60-80% of the total tourists visiting our country.
To attain revenues in excess of US $200 million semi-annually within the first year of operation.
To drive operation and offer professional, sober, future oriented icon that will mirror stable growth rates internationally.

Eagles’ tour and travel will be a form of business that will comprise of five young promising entrepreneurs all graduates of Harvard University. These young entrepreneurs observed the high need for tour and travel services for the flooding of the tourists in their country and saw an opportunity to capitalize on the market niche available. It is for this reason Eagles’ tour and travel was born beyond the limits.

2.2 Features to Success

The five critical keys to the success of the proposed new tour and travel agency are:

Hiring qualified and highly proficient management personnel that will mix vision, financial ability, and tour guide knowledge utilizing the informational technologies on solid ground in a total commitment and familiarity to towards the overall mission and goals of the proposed tourism agency.
Intellectual, continuous and insistent marketing that points out the tourism agency as one that is outstanding with great sense of professionalism. The main focus will be on well trained personnel, dedicated towards tourism wants that are understandable and flexible to their line of duty.
Through intensive market research in the target market to identify critical areas that need to be addressed in order to serve our customer demands
Use of well built residential hotels with international standards with up to date facilities that can serve all customers from different diversity.
Use of up to date information communication technologies to lower the level of staffing in readiness to maximise the sales opportunities and expand the level of interaction of the customers with the outside world.

 

 

3.0 Market Analysis

The market has a variety of features which require a greater value of tour and travel service which are not currently available:

Tourists demand reliability, agency, expediency and systems made round comfort ability.
Leisure travellers from northern Europe region and America have the same needs.
Seasonal travellers especially during winter period and holiday travellers also require reliability, convenience and destination concerns.
The new tour and travel agency will avail all these services on the niche markets for the satisfaction of the customers.

3.1 Market segmentation

A full market analysis and segmentation will need detailed travellers needs survey through our website where the cost is included in the start-up for the agency.

Pilot analysis based on the observation, customer care, interviews, future estimations, economic survey, marketing plans and familiarity with the market indicates that we there exists the following approximate market segmentation possible fluctuations, seasonality, of course and other factors.( American marketing Association 2007)

Resident leisure travellers-15%

Business- 20%

Personal leisure Travellers-15%

Seasonal holiday travellers- 15%

American and Northern Europe travellers-5%

4.0 Proposed services

Eagle tour and travel agency will provide the following services to its customers:

Transport services for tourists to all the tourist destinations
Accommodation services to both local and international tourists
Advisory services on the available safest and attractive tourist destinations
Tour guide services to the tourists in all the tourist destinations
Booking of return tickets for the tourists and generally any other needs within the scope of the agency.
5.0 Organization and management Summary

Whitaker is assembling a composite management team with good professionalism in management, accounting and finance that fore start the business. This is only an initial team of managers but a full main management team and its board of governors will be finalized (Berry 2011).

5.1 Organization Structure

The following are the levels of organization (Ambrose, Cropanzano 2000) depicted in the

Personnel and salary plan:

The president and C.E.O who will report to the board of directors

Vice president and general manager

Managers for the specific core areas, finance and operations

Managers in human resources, marketing, hotel operations, maintenance and IT

Subordinates staff in tour guide, receptionists and ground work

5.2 Management team

A full management team will bring collectively a variety of skills and settings comprising the main gadgets needed to make and instigate the administration and finance activities of the agency.

6.0 Market strategy

The proposed tour and travel aims to reach out to new geographical boundaries by setting up agents in different countries who can easily link tourists to our arms. It will seek to be identified as one of the upcoming and promising tour and travel agency in the world with roots established everywhere across the continents. With the combination of latest IT and its main focus on comfort, safety and convenience it seeks to reach the unreachable areas in the tourism industry.

A variety of sporting activities will also be provided to improve on our service deliverance. This will include sporting for children, youth and the old to cater for the different age- groups. This will promote our image towards supporting the safety and health of our customers.

Through good public relations the agency will be able to sell its image. Besides the name, colours and the general types of hotels they will have will be a major strategy to watch out for. Our tour guides will be highly trained to handle the different age gaps to prevent underserviced to our esteemed customers.

6.1 Pricing of services

The agency will charge its fees according to the services requested for. For example if in need of accommodation, tour guides and transport services it will depend on destinations requested for. Fees will be charged on hourly basis though the peak seasons will call for different rates due to the forces of demand. Discounts will be offered to customers when the agency feels it’s necessary for the treat. Advanced booking will be allowed either online or through our agents to avoid congestion or delay of our services to our customers. This will be in line with our vision “our tourists our pride, a job has to be done” and yes a job has to be done.

7.0 Financial management

This chapter provides the main determinants of evaluating the viability of financial management of the proposed new tours and travel agency. All these will project a true assessment of the business venture to bring out the prospect it holds.

7.1 Break-even analysis

With the endless influx of tourists into Switzerland, we expect to serve over 100 000 tourists in our exclusive hotels and resource centres. Averagely each tourist might be charged US$1000 per hour. For a period of 50 hours each will fetch US $50000. This stipulates to US $5billion for the average 100000 tourists for the 50hours. For the 50 hours the initial cost of operations is estimated to be US $3.5 billion implying the breakeven point comes at the 35th hour

7.2 Projected profit and loss

From the information above on breakeven analysis it is worth noting that in a period of one year the estimated net operating income on equity investment is going to be US$1.092 trillion from the tourism sector. This are expected to vary according to the seasons and demand. The salaries of personnel cost of items and taxations are all included in the cost of operations.

Given the right business environment it is expected that Eagles’ tour and travel agency will be one of the leading tour and travel agencies in the coming years.

7.3 Projected cash flow analysis

With proper planning and management of expenses and resources the cash flows might not show any sign of threat to the organization. The initial investment expected to be injected in the business is US$1.5billion and with the initial costs not exceeding a substantial amount the agency can survive the forces of the market. The majority of the revenues will be realized from the hourly fees charged on the customers and the hotel charges. The expenditure includes the staff salaries, tax returns filed, interests rates on loans, food purchases, utilities, stationary and the fuelling costs. These are expected not to exceed the revenues in the coming future period.

7.4 Proposed balanced sheet analysis

The proposed venture will prolong a stable financial position with the hard assets available like the hotels located in the major cities of the country. Its net worth is expected to grow steadily from the current US$ 20billion to US$24billion for the next three year future period and to more than US$30billion at the end of fifth year.

7.5 Proposed Business Ratio

The main ratios include current ratio which is expected to stand at 2.5 times for the first year and is expected to grow to 3.36 times for the second year and later over 4times at the end of the 3rd year. The quick ratio is projected to be 2.21 times in the first year and 4.1 times in the second year and later to grow to 7.2times. The proposed debt to assets ratio will be 30.13% in the 1st year but later it will reduce further due to the growth in assets value. The net profit margin is expected to be 3.12% in the 1st year but it will be expected to grow to 12.5% in the next three years. The return on equity is expected to be 15.6% but this will increase further due to growth in net worth. Other ratios the firm will use include; Activity ratios, dividend payout ratios, leverage ratios, liquidity ratios and other debt ratios. (Dun , Bradstreet 2002).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.0 References

Tim Berry (2011), Sample business Plan, The Wall Street Journal, Palo Alto Software co.

Brad sugars (2011), Startup Basics, Entrepreneur magazine’s

Englewood cliffs, N.J (2006) Almanac of business and industrial financial ratios, financial

Journal, Prentice-hall

Dun & Bradstreet (2002), industry Norms and Key business ratios, one year, statistical

Periodical, Murray Hill, N.J Publishers

American marketing Association (2007) Market research, Journal of Market research,

Chicago American marketing Association.

Ambrose, M.L, & Cropanzano, R.S (2000) the effect of organizational structure on

Perceptions of procedural fairness, Journal of applied psychology

 

Place your order now…….

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

Posted on

Off Shoring

Off Shoring
There has been a lot of discussion in the news about all of the jobs that are moving overseas (Off shoring) and being lost here in the USA. Some of what is being reported is accurate and some of it is not. Your paper will be to research and discuss the issue and give me your conclusions. Your paper must contain as a minimum the following six section headings (you may include more headings if you wish): 1. Introduction 2. Evolution of Off shoring 3. Types of Jobs being Off shored 4. Advantages of Off shoring 5. Disadvantages of Off shoring 6. Conclusions………………….

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

Posted on

LEGAL ADVICE TO PARTIES IN THE CONTRACTS

LEGAL ADVICE TO PARTIES IN THE CONTRACTS

1.You are asked to consider the legal advice which all concerned might require….

2.You must refer to the Law Acts in order to solve the dispute…………

INTRODUCTION

Polly designs the children clothes and sells them. On merging with Ollie Ltd, a new brand is made by Zak as suggested by Ollie. Besides Polly outsources from Molly and Dolly as they they all run unicorporated business. The new brand that was made was sold to Anu. The dress got damaged while Anu was washing it using the washing machine. It is clear that there exists various contracts in the subject matter: The contract between Dolly, Molly and Polly; contract between Polly and Ollie; contract between Polly, Ollie Liability Ltd and Zak, and contract between Polly and Anu.

Contract to Dolly, Molly and Polly

Polly outsources from Molly and Dolly as her business expanded, the raw materials offered should be of Mechantable quality. According to the Sale of Goods Act, the goods must be fit for the purpose made for. But in these case the parties involved had a common mistake. Both parties assumed the goods were fit for the purpose in Staiman Steel Ltd. V commercial and Home Builders Ltd commercial Home builders bid for steel at an auction with presumption that it had a mixture of new and used steel, when in the case it was only used steel. The court then decided reasonably that the contract was bidding on both parties depending on the agreement and conduct of the parties involved. Therefore Dolly, Molly and Polly contract might depend on the agreement among them concerning the quality of the materials offered.

Contract between Ollie Liabilty Ltd. and Polly

There was a contract between Ollie Liability Ltd and Polly. The clothes designed by Polly are sold through Ollie’s toy shop. Ollie toy shop was at stake for bad image if found selling substandard goods. But in this case, Ollie is the person to blame for the damaged goods since he contracted Zak to make the new brand and the brand turned to be of poor quality. The parties in question should then strike an agreement on how to settle the tainted image on Ollie’s toy shop and the spoilt brand suggested by Ollie and contracted by him.

Contract between Zak and ollie , Polly Ltd

Zak was contracted to make the new brand and in this case was to exercise professionalism for the work assigned. He made a poor quality brand and therefore he was liable to the damged dress. He should be sued by Polly and Ollie Ltd for the cost of dress and the tainted image. In Sodd Corp. V. N. Tessis (Duhaime, 2010)

Tessis purchased furniture that had been mispresented in value in the statements by Sodd Corp, a trustee in bankruptcy. The court ruled in favor of Tessis due to negligence on the part of Sodd Corp in their precontractual agreement. Therefore, Zak is liable to be sued for negligence which is breach of tort.

Contract between Polly and Anu

Polly though placed a statement on the dress about payment for the cost of goods only the client Anu did not read it as it was tiny. This is a mistake on both parties as Polly had a duty to inform Anu to read the instructions and on the other hand Anu had an obligation to ask or look for any conditions attached to the dress before accepting it therefore this stipulates into a common mistake. Anu cannot sue for the cost of derss and the shawl. She can only ask for the damage for cost of goods in Upton V. Tribilcock (1875, U.S.A) it will not be prudent for anyone to enter into a contract and when called upon to react to its commitment alleges that he did not read it when the contract took place. Anu had an obligation to read the instructions.

Similarly there was misrepresentation as Anu did read the standard terms as in Marvco Color Research Ltd. V. Harris(1982)( Rau, Robert, Windhor, Windfohr, 2009)

The defendants signed aloan guarantee failing to read the document first and depending on the word of the loan debtor that they were signing only an adminstrative document that was insignificant. When the they were sued for the debt they pleaded that it wasn’t there action. The court ruled in favor of the bank since it was the carelessness of the defendants to discover the misrepresentation. Therefore Anu has no legal capacity to sue for the cost of dress and the cost of the other garments spoilt during the laundry. She can only sue for the cost of the dress bought .

Conclusion

As mentioned in the various cases above Zak must pay for the damages to Polly and Ollie and Polly to pay for the cost of the dress as in the agreement.Molly, Dolly and Polly can agree on how to settle if they are the ones who provided the raw materials while Zak and Polly having the company in joint ownership will have to bear the costs mutually since it was a common mistake.

 

 

References

Alan Scott Rau, Robert F. Windhor & Anne Burnett Windfohr, Contract Law in the United

States:An Overview, The University of Texas, Austin School of Law (2009).

Lloyd Duhaime, Duhaime’s Contract Law, Permalink, (2010).

Sale of goods(Amendment) Act 1995,U.K

 

Order with us now….

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

Posted on

Special Economic Zone

10

Special Economic Zone
The assignment details: you are required to conduct research and write a report on the following topic:
– You have to examine the phenomenon o fa Special Economic Zone (SEZ) through a country within the Asia Pacific Region ( I choose Singapore).
You must – Define the term SEZ – you have to explain how and why the location for the SEZ zone within your country ( Singapore) was selected and who is involved in its operation. – you have to critically analyse and compare the labor patterns and conditions prevailing within that SEZ compared to that of the country’s general labor terms and conditions for workers. – Explanation and comparison of labor patterns and conditions of the above must be in terms of the convergence/ divergence dichotomy.
You will be assessed on your ability to critically analyse, recognize and discuss the key Issues, you are required to use at least 15 academic reference material to support your arguments. The quality of the sources of information you use, as well as your referencing skills. will also be assessed
Important notes: – I am required to follow the Chicago 16 references style, So Please keep the page number in your in text references like this (Robert 2010. P6) and your end text references like this ( with articles’ links or DOI no except books)
McQuade, Eamonn, Ellen Sjoer, Peter Fabian, Jos? Carlos Nascimento, Sanaz Schroeder. 2007. “Will you miss me when I’m gone?: A study of the potential loss of company knowledge and expertise as employees retire” Journal of European Industrial Training 31(9): 758 ? 768. Doi: 10.1108/03090590710846701. …………..

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)

 

Place your order here………

.

Posted on

Wind Turbines business in China

Wind Turbines business in China
This report needs to cover a Contingency Plan which is broken down in two sections: 1. Harvest Strategy

2. Withdrawal Strategy In addition it also needs to cover the risk of a business opening up in China. This business will be setting up a new business in China that will be manufacturing Wind Turbines. So obviously we need a good contingency plan for this business and we need to look at the risk for setting up a business in China.

………….

Order your paper now……………..

PLACE AN ORDER TODAY & GET 15% DISCOUNT (CODE GAC15)