Advanced Project Procurement

With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is not longer just the responsibility of the warehouse manager and logistics director. In the past, many organizations didn’t manage their supply chains they left that up to the suppliers. Usually the supply chain planning, marketing, production and inventory management in most organizations operated as separate departments (Stevenson, 2009). Businesses have recognized the strategic importance and the need for effect and efficient supply chains in operations management (Stevenson, 2009). Assessment As Vice President of Operation my assessment of the battery shortage problem is that SDX are not fulfilling their obligation under the contract. The contract states â€Å"the supplier is expected to achieve a 100 percent service rate† (Benton, p. 456). The current supply of batteries is a 20-day supply this is 70 days short the supply when normal should be a 90 day supply. There has not been a shipment in two months this lead me to believe that SDX are not making Butler a priority shipment. The action taken is to request a meeting with the attorneys to review the contract, because at this point it is a breach in contract. The contract also states that the product prices are fixed for the term of the agreement and a sixty day notice must be given before a price change can occur. SDX did not notify the Butler Operations to alert us of this change. Therefore, this is another breach in contract the SDX company has determine on its own that the contract is null and void. This is not good business practice and creates a problem with Butler’s ability to supply the customer base effectively. Buyer Selection Purchasing involves buying the raw materials, supplies, and components for the organization. The activities associated with it include selecting and qualifying suppliers, rating supplier performance, negotiating contracts, comparing price, quality and service, sourcing. A key and perhaps the most important process of the purchasing function is the efficient selection of suppliers, because it brings significant savings for the organization. The objective of the supplier selection process is to reduce risk and maximize the total value for the buyer, and it involves considering a series of strategic variables. Conclusion In conclusion, focusing on selecting only the best suppliers possible will make a major contribution to the competitiveness of the entire organization. This main task requires careful evaluation, selection, and continuous measurement of the suppliers that provide the goods and services that help satisfy the needs of an organization’s final customers. In other words, once a supplier is selected, the focus must shift from supplier evaluation to the continuous measurement of supplier performance. An organization must have the tools to measure, manage, and develop the performance of its supply base.

Good News Final Question Essay

A young man named Saul stood by and watched as a crowd stoned Stephen.   He went on to be a major persecutor of Christians for a number of years.   One day he was on his way to Damascus, he was blinded by a light and God spoke to him.   He was converted to Christianity and changed his name to Paul.   He made up for his persecution of Christians by telling the â€Å"good news† all over the region. What is the good news?   The good news is that Jesus is the son of God.   He was sent to earth to save the people from their sins.   Those who accept him as their savior will have eternal life in Heaven.   He knew it was true, because God himself told him it was in the blinding light.   The difference it should make in the lives of people in modern society means people should live according to the words God has provided for people to live by.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Paul spent years trying to save people from their sin once he’d learned the truth.   He was taught about God and Jesus.   He taught many to accept the gift of eternal life through the acceptance of Jesus.   Then he wrote many books of the Bible to teach people how to live their lives.   He wrote basic instructions for Christians to follow to be an example for God.   God sent his son to earth for the sole purpose of saving his creation (man) from their sins. He would not choose for anyone to be lost, but he provides humans the opportunity to make the choice for themselves. The life people live on earth is short, for most only about eighty years then there are two possible places to go.   The best choice obviously is the one without eternal torture.   When a person goes to Heaven it will feel like home (familiar, comfortable) (Alcorn, 1999)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Paul learned about God through God himself.   God spoke to Paul through the light on the road.   He then blinded him and gave him specific instructions on what to do.   Paul realized he had been wrong and needed to follow the instructions, because he did this he was not only healed of the blindness, but he received the gift of eternal life. He had no reason to doubt this and neither should those he taught or those still being taught.   Paul taught of God’s love for his people and his forgiveness. He also taught people to continue sharing the good news.   An additional reason to believe the news is true is the hundreds of promises from the Bible, many of which have already been fulfilled and although people fail to keep their promises, God does not (LaHaye and Jenkins, 2003) In order to convince others the news is true, though, his people need to change the way they live in order to set an example.   Just as Saul changed his name to Paul and turned from persecuting Christians to converting people to Christianity, his followers need to live by the words of the Bible.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   How should Christians change the way they live their lives?   It usually does not have to be as great of change as the one Paul made, but it does need to show a change of heart.   God created people to have free will, the ability to make their own choices.   From the moment people are born, they have choices.   They can cry or sleep wet or eat, etc.   As they get older the choices are more difficult.   If they are lucky enough to be raised with religious parents, they are taught the news of Jesus and Heaven from an early age.   Others have to hear it along the way, and like Saul may have several years of making rather bad choices first.   However once the news has been heard and the person has accepted the gift of eternal life, a change must be made. God still expects mistakes since no one is perfect, but an attempt to live as he wants is how Christians teach others.   The first step in this change is to strive to be like Christ being righteous, loving others and overcoming the world (Wiersbe, 1996).   It is popular to wear jewelry that says WWJD, which stands for What would Jesus do?   This is a very important message if people want to live their lives according to God’s word and to teach the good news to others.   When a person stops long enough to consciously ask themselves what Jesus would do in a situation, they would be less tempted to make the wrong choice. Living the kind of life God wants people to live does not mean they have to act extremely different or carry their Bible around with them everywhere they go.   They just need to think they are taking Jesus with them, because if they have truly accepted the gift, they are taking Jesus with them.   He wants his people to be honest and caring.   He wants them to make positive choices for their lives and not get caught up in things that would take their focus off of their ultimate goal (life in Heaven).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What Paul would tell people is that the news he has to share is the greatest news anyone could hear, because it promises an eternity without pain or sadness and it is a free gift.   All anyone has to do is accept it show it off for everyone else in the world to see.   If people receive a diamond or a new car they can not wait to show it off.   How could they be embarrassed or afraid to show off the world’s greatest gift?   Paul would tell people to believe in God and if they have questions to simply turn to the instruction manual (the Bible), because it contains all the answers.   He would say it should change the way a person lives their lives simply because of the hope it offers in an uncertain world.   Paul heard the news, accepted the news and spread the news.   He would encourage everyone who hears it to do the same. References Alcorn, Randy. 1999,In Light of Eternity, Colorado Springs, Colorado: Waterbrook Press LaHaye, Tim and Jenkins, T. 2003, God Always Keeps His Promises..   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Eugene, Oregon: Harvest House Publishers Wiersbe, Warren W., 1996,Being a Child of God, , Nashville, Tennessee: Thomas Nelson   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Publishers

Important Celebration Finance Chinese Essay Example Pdf - Free Essay Example

Sample details Pages: 6 Words: 1905 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Tags: Celebration Essay Did you like this example? Chinese New Year is an important celebration that necessary been celebrated by all the Chinese in the world. That is more than 1.3 million Chinese around the world (World Popolation 2012, 2013), therefore, Chinese New Year already be treat as a important festival that necessary be celebrated and be include as a public holiday for most of the Asia country such as Malaysia, Singapore, Taiwan, China, Hong Kong, and South Korea (Chinese New Year, 2013). Stock market will be always changes according to the variation of environment such as different holiday on different country will affect the stock price differently. Don’t waste time! Our writers will create an original "Important Celebration Finance Chinese Essay Example Pdf" essay for you Create order Chinese New Year is one of the holidays that will affect the stock market in most of the Asia country such as Malaysia. The stock market exchange will become anomalies on before, during and after the Chinese New Year period, which is known as Chinese New Year effect (Chinese Lunar New Year: Year of the Snake, 2013). Chinese New Year effect that occur in banking industry, may because by the different demand and purchasing on the market in before, during, and after Chinese New Year. For example, before the Chinese New Year is coming, most of the company will award yearend bonus to their employees. Besides, preparation before Chinese New Year such as buying some traditional New Year decoration, food, drink, clothing, shoes, and accessory. That will relatively increase the demand and purchase ability in a period of time (Chinese New Year, 2013). In this research, two stocks in same industry will be selected and the data period for both stock price and market index shall starts from 1st January 2007 until 2nd February 2012. Those will using the up to date data to observe the relationship between Chinese New Year and stock returns. Literature Review January effect or turn-of-the-year effect January effect or called turn-of-the-year effect is a good example of seasonal abnormal in security markets around the world. During turn-of-the-year, certain types of securities produce positive abnormal returns. Stock prices tend to rise during the starting of the last trading day in December and ending on the fifth trading day of January. Rozeff and Kinney (1976) found a seasonal pattern in the New York Stock Exchange (NYSE) index over the period of 1904 to 1974. The average monthly return in January was about 3.5 percent, while the average return in other months was just 0.5 percent. The average return in January appeared to be seven times higher than returns for other months (Lim, Ng, Chong, 2010). Keim (1983) found that the abnormal return is related to the stock market capitalization. As such, small capitalization stocks outperform large capitalization stocks in January, as small capitalization stocks post a higher abnormal return than large capitalization stocks. Reigan um (1983) confirmed that the January effect is a small capitalization phenomenon (Su, Dutta, Xu, Ma, 2011). The Weekend Effect Doyle and Chen (2009) suggested a weekday effect that the day-of-the-week changes over time. As pointed out by Cross (1973), the weekend effect involves negative returns to stocks between Friday and Mondays close has been analyzed in the literature. Several studies have investigated the reversal of the weekend effect. Brusa, Liu, and Schulman (2000) discovered that Monday returns for U.S. stocks were positive and the largest during 1990s. Brusa, Liu, and Schulman (2003) showed that weekend and reverse weekend effects exist in a wide range of industries and that the effects are similar across months. Brusa and Liu (2004) found that the positive Monday returns are concentrated in the first and third weeks of each month, while Brusa, Lui, and Schulman (2005) showed that the reverse weekend effect is correlated with the previous Friday return. Thus, positive Monday returns for large stocks are likely to be observed after positive Friday returns. Seasonal anomalies These seasonal abnormal include holiday effect, day-of-the-week effect, and month-end effect. Most of the interests are seasonality began in 1966 when a market technician, Arthur Merrill, identified an obvious trend of stock prices on certain days of the week, at certain times of the month, and around holiday seasons. Merrillà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s (1966) work on literature aimed at both identification and explanation of these seasonal irregularities in asset returns. Several studies have studied the securities prices having abnormal returns over the weekend, that is, the day-of-the-week effect. French (1980) shows that US common stocks held over the weekend earn a small negative return (Does seasonality in the Kuala Lumpur Stock Exchange still exist). Gibbons and Hess (1981), and Keim and Stambaugh (1984) also provide empirical evidence that supports this weekly stock return. Ariel (1987) examines US. stock indices returns from 1961 to 1981 and finds stocks appear to earn positive average returns only around the beginning and during the first half of calendar months, and zero average returns during the second half. Holiday effect According to the efficient market hypothesis (EMH) by Fama (1970), stock prices follow randomly and past information cannot be used to predict the future. Therefore, there should be no abnormal returns on special occasions such as holidays. Lakonishok and Smidt (1988) significant return before US public holidays. These pre-holiday returns are two to five times higher than returns before a weekend and 23 times higher than those on normal days. These results are confirmed by several other studies, such as Pettengill (1989) and Ariel (1990). These studies all focus on developed financial markets (Dodd Gakhovich, 2011). A number of studies have also examined the post holiday effect. Lakonishok and Smidt (1988) find insignificant post-holiday returns until 1952 and significant positive returns afterwards. However, Kim and Park (1994) document negative post holiday returns for the UK, and Lee et al. (1990) for Korea and Singapore. The magnitude and statistical significance of pre hol iday returns may vary on specific holidays. Returns prior to religious holidays tend to be higher than returns of other holidays. Chan et al. (1996) show significant pre-holiday effects before cultural holidays in Asia. Specifically, Malaysia sees abnormal returns before Chinese New Year. Chinese New Year effect Gao and Kling (2005) also found a pattern of market return in both Shenzhen and Shanghai stock exchanges with the highest return in February, but it is insignificant as well. The explanation for the seasonal high return in February in China is that February is the turn-of-the-year in China, as the Chinese Lunar New Year usually begins in late January or sometime during February, rather than the calendar year. However, Zhang and Sun (2003) by examining the seasonal anomalies in China, reported that there is no January effect or a February Chinese New Year effect on the Chinese stock market. But a significant and positive March effect was found. The explanation is interesting that they consider that the March effect in China reveals the political nature of financial anomalies in the country. March is the political high season in China and in March political window-dressing is caused by political maneuvers (Chinese New Year, 2013). Methodology In order to examine the impact of C hinese New Year on the stock performance in 2012, we is required to select two stocks in the same industry and also searching for their daily stock prices from the yahoo finance. After that, download the daily market index of Malaysia such as FBM KLCI from the yahoo finance. The industry be chooses is financial industry and the two stocks be chooses is Hong Leong Bank and Public Bank. Next, the data period for both stock price and the market index are starts from 1st Jan 2007 until 2nd Feb 2012. The event window for these two stocks is -5 to +5 it is mean that is lags 5 days and leads 5 days are used for the detection of CNY effects. The event day is set as 0 and the period from 1st Jan 2007 to -6 serves for the estimation period. In terms of the calculation, we are required to estimate the daily returns for the both stocks that chooses and FBM KLCI. Second, regress the stock return against market returns in the estimation period (1st Jan 2007 until 2nd Feb 2012) in order to e stimate alpha and beta coefficient for the companyà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s stock ( Hong Leong Bank and Public Bank). Third, apply the estimated alpha and beta coefficient in the Capital Asset Pricing Model (CAPM) in purpose to compute the expected return of companyà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢s stock in the event window by using Capital Asset Pricing Model (CAPM) formula. Capital Asset Pricing Model (CAPM) formula as follow: Where: = risk free rate = Beta = return on market Then, subtracting expected return from the estimated return in order to calculate the abnormal return (AR). The formula as following: Where: R = estimated return E(R) = expected return Where: P = Price t = Period of year Analysis Table 1 Event window of Hong Leong Bank Hong Leong Bank Date R(i) R(m) AR 2012/1/16 -5 0 -0.00924 0.002544 2012/1/17 -4 0.0018365 0.006802 -0.00083 2012/1/18 -3 0 -0.0013 -3.2E-05 2012/1/19 -2 0.0091325 -0.00038 0.008799 2012/1/20 -1 0.0090498 0.003849 0.007346 2012/1/23 0 0 0 -0.00045 2012/1/24 0 0 0 -0.00045 2012/1/25 1 0.0178576 -0.00191 0.018021 2012/1/26 2 0.0262024 0.002694 0.024873 2012/1/27 3 0.0085837 -0.00194 0.00876 2012/1/30 4 -0.0172418 -0.00484 -0.01612 2012/1/31 5 -0.0122486 0.005101 -0.01436 Graph 1 The table 1and graph 1are showing the stock price flow of Hong Leong Bank in the pre-Chinese New Year until post-Chinese New Year. According to the graph, we can realize that the stock price is flowing downward before the 3 or 4 days of CNY. In the financial industry, that will be a normal situation will be form before the CNY. This condition may be cause by the large funds transfer before the CNY especially for the company. Norma lly, most of the company will award the yearend bonus to their employees before the CNY (Chinese New Year, 2013). Bonuses usually be given is 2 or 3 month or more than 3 month per person, therefore, there will be a large funds transfer between the company and bank. Besides, for the individual will many increase their funds transfer in order to make some preparation before Chinese New Year such as buying some traditional New Year decoration, food, drink, clothing, shoes, and accessory. That many because by the Chinese New Year effect however that also may be affect other effect such as holiday effect. The magnitude and statistical significance of pre holiday returns may vary on specific holidays. Returns prior to religious holidays tend to be higher than returns of other holidays. Table 2 Event window of Public Bank Public Bank Date R(i) R(m) AR 2012/1/16 -5 -0.00152 -0.00924 0.000724 2012/1/17 -4 0.00304 0.006802 0.000778 2012/1/ 18 -3 0.004542 -0.0013 0.004557 2012/1/19 -2 0.001509 -0.00038 0.001264 2012/1/20 -1 0.003012 0.003849 0.00158 2012/1/23 0 0 0 -0.00035 2012/1/24 0 0 0 -0.00035 2012/1/25 1 0.001503 -0.00191 0.001687 2012/1/26 2 0.005988 0.002694 0.00488 2012/1/27 3 0.002981 -0.00194 0.003176 2012/1/30 4 0.005935 -0.00484 0.006944 2012/1/31 5 0.001478 0.005101 -0.00031 Graph 2 The table 2 and graph 2 are showing the stock price flow of the public Bank in the pre-Chinese New Year until post-Chinese New Year. For the stock price flow of Public Bank we can realize that there are pretty similar with the Hong Leong Bank, however this similarity may because by the Chinese New Year period effect. However the stock price of Public Bank may also be affect by the announcement that announce before the CNY which is on January 11, 2012 (Gerenal Announcement, 201 2). This announcement can be categories as a general effect and that will affect the performing of the stock market. General effect means that, this effect may be usually happen in any time anyway. Conclusion According to the two tables and graph above, we can realize that both of the graphs are showing the similes flowing in before, during and after the CNY. However, that is some different between this both stock that choose specially in middle of the CNY. In the middle of the CNY, the stock price of both bank are starting going upward. The stock price of Hong Leong Bank are direct climbed to a high point and then slipped. Public Bank stock price are starting going upward and slipped a little bit, after that direct climbed to a high point and then slipped. That may be related to the announcement that Public Bank announce on January 11, 2012.

Free Toefl Essay Samples Ideas

Free Toefl Essay Samples Ideas Knowing the most frequent IELTS essay topics lets you revolve around the most crucial vocabulary. It may also be beneficial to review other TOEFL writing samples to receive a better idea about what an excellent TOEFL essay appears like. Essay Writing Guide Here's an amazing app that is believed to be the encyclopedia in teaching. Writing about a different topic is a simple means to receive a very low score. A superb prep book can be absolutely the most important study tool you use, and we've got information on all the very best TOEFL prep books you should think about. There are two major means by which you can use the most frequent IELTS essay topics to your benefit. If you're going to succeed in the IELTS test you must be using and exposing yourself to English everyday. In your case, for instance, although you could be completing many writing practice tests, if you've got no professional feedback from a TOEFL mentor, you are not going to know whether you're improving. You recently heard that the community you are living in may be receiving a new high school, which is not yet been built. The majority of the questions are on current topics, therefore staying updated with what's going on in the world is really going to help you think of ideas. A library may be a location precisely where you can research, or it may be a location of run away from buddies or households or your duties, a nd is actually a shelter exactly where you could be ready to discover peace and calm therefore acting as your sacred site. Some folks feel your community would be a fantastic place to track down the university. Ok, I Think I Understand Free Toefl Essay Samples, Now Tell Me About Free Toefl Essay Samples! Nobody needs to be made to study and we don't recommend anybody to begin their studies if they're not intrinsically motivated to make a degree with time. Your response ought to be 150-225 words. It should be around 150-225 words. Usually, an effective response is going to be 150 to 225 words. Besides taking good notes, you will need to write five or more paragraphs that synthesize the key points of the reading passage and lecture. Bear in mind that the thesis statement provides the most important idea or point of your essay. The lecture follows the identical pattern, with the key points matching up with the key points in the reading passage. Instead, you've got to think of your own subject from a massive pool of possibilities. The topic is going to be a comprehensive surprise. It's crucial that you fully grasp the fundamental essay format and are ready to write competently about this issue. On the flip side, if you've got to compose lengthy essay, then you also have to offer background information regarding the topic too. When you compose the essay all on your own, you still have to visit the library to research on your preferred topic to discuss, etc.. Nevertheless, the topics will most likely be very similar overall. The lecture might incorporate information that isn't regarding the reading. After reading the passage, then you will listen to a lecture on the exact same topic. Then you'll listen to a lecture concerning the exact topic. Free Toefl Essay Samples Can Be Fun for Everyone The most frequently encountered paper writing service that the bulk of our clients require is essay writing. Each hint students receive from the tool includes a lot of explanations which make the practice of essay writing essay for the two students and teachers. Other folks believe that it is always preferable to have a teacher. As a teacher having students that are masters in essay writing is a vital aim. The Benefits of Free Toefl Essay Samples Students lead busy lives and frequently forget about an approaching deadline. They sometimes worry about the point of view that they decide to take. Some people think that university students shoul d be asked to attend classes. Therefore, among the lowest scores students may receive is for missing the topic. The Start of Free Toefl Essay Samples There's, obviously, a limit on the variety of pages even our finest writers can produce with a pressing deadline, but generally, we figure out how to satisfy all the clients seeking urgent assistance. You may be requested to compose an essay about technology, education, media, family members, or another subject. Trained writers aren't only trained in writing, but additionally in adhering to the site's guidelines as soon as it comes to supplying services to clients. 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Analytical application Example

Essays on Analytical application Essay Factors Influencing Exchange Rate between the U.S. Dollar and Euro Factors Influencing Exchange Rate between the U.S. Dollar and Euro A look into the performance of dollar shows that it fell by 30% against euro in the year 2010. As Rahn (2003) points out, in the place of the 80 cents one had to pay for each euro in 2009, presently, one has to pay 1.24 dollars per euro. While some scholars argue that a further fall is in the pipeline, a rational assumption is that as dollar already reached its minimum, its value is likely to improve in the coming years. The various factors that are considered as influencing factors on dollar-euro exchange rate are the international real interest rate differential, relative prices in the traded and non-traded goods sectors, the real oil price, and the relative fiscal position (Dollar-euro currency exchange). A look into the various analytical works prove that the main reason behind the present fall in dollar value is the large trade deficit, which, in turn, was created by the flow of foreign investment dollars into the US economy. One can say undoubtedly that the world countries will not let the dollar go down as such a fall will adversely affect their own national interests. To illustrate, the US economy offers more return on capital than its European counterparts. As a result, foreign governments, especially the Asian giants like China, Japan and India, have purchased considerable amounts of US dollars as reserve backing for their own currencies. So, a significant fall in the dollar will have an adverse impact on these investor economies. Admittedly, the present day fall in dollar value is primarily as a result of the decline in private foreign investment and is in no way connected with foreign governments. Before its fall, dollar witnessed a sharp rise against the euro, and because of this growth, there arose a belief among private investors that dollar has become too expensive to afford. So, there was a natural shift towards euro as the only other option. As a result, dollar came down the way it went up. Now, experts point out that as far as America manages to offer a higher return on investment, it will remain as the primary destination of investment for foreign banks and private investors. As the demand for dollar will grow again, the current deficit will be overcome. However, there are certain governmental initiatives that have already tarnished the image of America as an investor-friendly nation. Some examples are the Patriot Act and the Sarbanes-Oxley Act. As a result of such provisions (as reported by The Economist ) that require extensive paperwork and offer the threat of privacy intrusion, foreign investors have lost interest in the America economy. In the opinion of Gene Epstein, in order for dollar to further collapse, there conditions should exist at the same time. First of all, there should be an existing weakness for dollar that makes investors look for other options. Secondly, there should be another more beneficial option, and thirdly, there is the need for a triggering event. It is pointed out by the scholar that the first option is already in place. This is so because dollar has already fallen by more than 30% in a period of one year. However, the problem is that there is no viable alternative at present for dollar. According to Eps tein (2011), this is so because while 61% of the foreign currency reserves are in dollars, the nearest rival euro only has 30% of the reserves. In addition, there is the debt crisis faced by the euro-zone. As a result of all these, one cannot consider euro as a viable alternative to dollar. The third point is the occurrence of a triggering event. In the case of dollar, a possible triggering event is the dumping of treasury notes on the secondary market by foreign governments. If such a measure is taken by countries like China or Japan, there will be panic in the market leading to dollar collapse. However, a look into the business tactics of these nations proves that such a step is unlikely from either of them. To illustrate, it is a known fact that China has nailed its Yuan to dollar in an effort to keep its exports to the US cheaper. Thus, if it resorts to such measures that will cause a fall in dollar, China will lose its position as the cheapest exporter. Very similar is the case of Japan too. The nation wants to promote exports to the US, and the only way in front of them is to keep dollar high. So, despite its 800 billion dollars of treasury notes, Japan will not try to dumb the dollars as far as the nation wants to depend on exports. However, one cannot turn a blind eye towards the distant possibility of other nations becoming better markets than the US. Still, as far as US is the best market in the world, the investors will not let dollar go uncontrollably down. References Dollar-euro currency exchange. Easy Forex. Retrieved from http://classic.easy-forex.com/en/Forex.dollareuro.aspx Epstein, G. (2011). Milton Friedman’s Euro Smack down. Barron’s. retrieved from http://online.barrons.com/article/SB50001424052702303544204576542853219931480.html Rahn, R. W. (2003). How far will the dollar fall? Washington Times, 30 December. The rise and fall of the dollar: Go with the flows. The Economist. Retrieved from http://www.economist.com/node/17956749

Egg Drop Experiment free essay sample

Drop The purpose of this lab, was to create a device to help an egg survive the fall from a fire truck without breaking. In this lab I used a beer holder and cotton balls and a gel pillow to help the egg survive the fall. My procedure was to put a few cotton balls in the beer holder then I put my egg in it, next I filled the rest of the holder with cotton balls. Finally I taped the beer holder to my weighted pillow and it weighed around 490g. My results concluded that my egg hit to hard and cracked on the concrete. As the projectile was falling it didn’t fall straight and landed right on the part holding the egg not the pillow as I intended. I thought my project would work if it would have fallen right. My cradle was soft and I thought it could have saved the egg. We will write a custom essay sample on Egg Drop Experiment or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page If I were to improve my project I would have used something harder as a base and tried to keep the egg more secure. I would have also tried to accelerate the time of impact to try and save the egg. After the drop I realized my egg had not survived. The egg hit the ground to hard and cracked along the top of the egg. There was contact between the egg and the surrounding objects to a point where it cracked the egg. My results were what I was expecting because I was not sure if the container would fall straight down or move like it did. I was disappointed but it was a nice attempt to save my egg. If I were to do this experiment differently I would have used something harder as a base and tried to keep the egg more secure. I would have also tried to accelerate the time of impact to try and save the egg.

Sharp Corporation Essay Example

Sharp Corporation Essay [emailprotected] CORPORATION: BEYOND JAPAN INTERNATIONAL BUSINESS MANAGEMENT . 3 . 8 TABLE OF CONTENT PROBLEM STATEMENT ANALYSIS DISCUSSION OF ALTERNATIVES RECOMMENDATION EXECUTIVE SUMMARY CITATIONS EXHIBITS 3 5 Sharp Corporation needs a major overhaul of its business model. Sharps previous model of make in Japan, sell overseas has been successful until recently. Currently, with the increased mobility in engineering talent and technology transfer, companies from new emerging markets such as South Korea and Taiwan are gaining the competitive advantage over Sharps outdated business model that no longer fit with he firms strategy or the business environment. Sharps previous president, Katsuhiko Machida, adhered to the principles of keeping manufacturing in Japan. 3 Following this principle had some advantages in the domestic market but had major disadvantages for fulfilling demand in the international market. Sharp is becoming popular in the international market with significant increases in foreign sales revenue (Exhibit 1). Due to the fact that all of its products were manufactured in Japan, Sharp were unable to keep up with the international demand for its product. With more than 54% accounting for nternational demand, implementing an effective supply medium to deliver its product is imperative for Sharps success2 (Exhibit 4). Some products lost as much as 10% of its value, in the shipment time duration it required to reach its target market. With Sharps products not flowing to the target market smoothly, competitors including South Korean and Taiwanese companies were gaining a competitive edge. Sharps inability to supply their product efficiently to the international market correlates to the negative effect on the domestic market as excessive company resources were being channelled elsewhere (Exhibit 2). The negative effect may also have been caused by the foreign exchange rate. With the majority of its inventory being sold abroad, Sharp now faced a new issue which was beyond its control. We will write a custom essay sample on Sharp Corporation specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Sharp Corporation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Sharp Corporation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The foreign exchange rate was susceptible to an array of different environments and varied consistently through time (Exhibit 3). The increase in the value of the US dollar meant operating income for Sharp was relatively lower as well. This is mostly notable in year 2009, when the Japanese Yen devalued the most against the US dollar $, which aided in the operating loss of millionl . No significant financial rovisions were taken in order to mitigate foreign exchange losses by Sharp. Sharp has been continuously investing large amounts in production facilities in Japan and then exporting key devices to be assembled in foreign countries. 4 Basing most of its operation in Japan, Sharp had the disadvantages of paying higher tax rates and costly infrastructure in comparison to its competitors who based their core businesses in key strategic locations with minimum tax implications and low infrastructure costs. 6 Also, due to excessive domestic investments, Japanese plants had turned into high alue added knowledge, while overseas plant lacked any of this traits which is detrimental for any overseas expansion strategy. Using the black-box approach Sharp has been secretive about its production and was unable to reap any benefits that might be possible through effectively engaging in value chain integration to suit their needs; while its competitors were readily exchanging and integrating industry knowledge. Sharps emphasis on combining knowledge and capabilities in ways other firms could not imitate is not feasible in the age of Globalization where satellite and internet communication is readily available to everyone. The increased mobility of crucial talent and technology transfer within the industry is something Sharp had not experienced 5 10 years ago. Sharps intellectual property is limited to the core operations of the company itself. 4 Due to this, Sharp were confined to the industry knowledge within their company and had limited access to RD from different companies within their value chain. Sharp did not have a stringent plan to remain as an industry leader in its LCD division as well. Most of the competitive advantage it gained is through using its proprietary LCD technology Four Primary Colour and by increasing the sizes of the TV. Sharps business outlook in the LCD market to gain competitive advantage by increasing the sizes of the TV, is not farfetched as the company is now beginning to realise that the customers had a threshold point on the sizes of TV they wanted. The new president of Sharp Mr. Katayama had a Globalization attitude to the companys business model. Sharp is in the verge of creating a new identity for itself. It is a major player in the industry and could not operate in an also ran basis that it used to in the past. It needed new alternatives to remain on the top and gain competitive advantages over its competitors. Starting production in an international market seemed unlikely in the previous business model which followed the make in Japan, sell overseas principles. With recent losses in the companys financial statements, and worsening economic conditions it is imperative for Sharp to overcome this limitation. Starting production in major markets and developing specialized knowledge internationally would divert the focus of heavy investment in Japanese plants/infrastructure. Access to lower-cost workers, technical expertise, lower transportation costs and productions inputs are a Just a few benefits Sharp ould be able to realize with the new business model. However, there were many risks associated with expanding production to a foreign country. Thorough investigation on the feasibility of this option needs to be scrutinized accordingly. Changing operating model from vertical integration to horizontal integration for the companys production technologies and manufacturing capabilities will give it a better standing in the competitive market. Forming alliances with local companies in major markets such as China, to establish a value chain would maximize efficiency and cash flow (Exhibit 5). Up until recently Sharp has been building plants in Japan for front-end processes with their own resources5. With its knowledge centres and infrastructure located solely in Japan, Sharp could benefit from it by bolstering cutting edge production technologies/manufacturing capabilities nationally and extending its technologies gradually to global sites. Aiming to create a value chain in the consumption area/maJor markets, encompassing each step from procuring materials through manufacturing and sales; an internal company concept known as local production for local consumption, would allow Sharp to receive a return on its roprietary technologies and technology assistance fees such as initial payments, royalties, dividends and revenues from Joint ventures. This serves to reduce risks involved in foreign exchange rates and the recovery of capital expenditurtes4. Sharp has already started this initiative with its Solar Cell product division, forming alliances with Italian power company Enel SpA3. This trend n other product divisions as well. s to follow suit for its Starting a new manufacturing plant outside Japan would be capital and labour intensive. It would also expose the company to various risks such as financial, olitical, environmental, and legal risks. Alternatively, integration through value chain approach would allow Sharp to mitigate some of the risks involved compared to starting a new plant and would not require intensive capital investment. Forming value chains would allow Sharp to access the benefits from well established businesses which are already firmly integrated in the local business environment. It would also allow Sharp to access and understand potential opportunity for future markets for its products as the current markets gets saturated. Integration with arious international value chain means Sharp would adapt an International Firm Management technique in the global business environment. Up until now, Sharp had minimum production technologies/manufacturing operations internationally and operated its production plants predominantly in a national level. Despite the potential benefits of global markets, Sharp must constantly monitor the match between the firms product and new markets to not overlook the needs of the buyers. Sometimes, the benefits of serving customers with an adapted product may outweigh the benefit of a standardized product5. The value chain will allow Sharp to perform distinctive, speedy and efficient R using open innovations and cooperation with partners to gain expertise in fields of technology that are new to Sharp8. However, while operating in foreign markets it should protect its intellectual property and industrial properties through various mediums of patent, trademarks and copyrights. Sharps previous model make in Japan, sell overseas has not been successful recently because the market has changed dramatically. Its operating model had not historically emphasized co-operations with other firms. With increased mobility in ngineering talent and technology transfer, companies from new emerging markets has made its previous business model obsolete. If Sharp wanted to remain as an industry leader it had to change its operation model to suit the Globalization environment. Integration with the international value chain to provide production technologies and manufacturing capabilities beyond national borders would allow Sharp to mitigate expensive legal risks, political risks, shipment cost, infrastructure cost (home/abroad) and foreign exchange fluctuations. It also opens an opportunity to new markets for Sharp as current markets gets saturated. While adapting to a new operating model, Sharp should always consider the risks implications such as global market trends, business partners, intellectual property rights, litigations, and technological innovations which may have significant effect on the financial statements. SHARP Corp. (2009) Opening New Frontier Annual Report, Consolidated Statement of Operations (p. 44) 2 SHARP Corp. (2009) Opening New Frontier Annual Report, Financial summary (p. 36) 3 SHARP Corp. (2009) Opening New Frontier Annual Report, New Business Model (p. 8) 4 SHARP corp. (2009) opening New Frontier Annual Report, Introducing a New Business Model (p. ) 5 John, J. W, Kenneth. L. W, (2012). International Business: The challenges of Globalization, Sixth Edition. Pearson Hall 6 Lehmberg, D. (2011). Sharp Corporation: Beyond Japan. Richard Ivey School of Business Exhibit 1: Various Equipment type sales in 2009 for Sharp Corporation Equipment type Audio Visual/ Communication 2 Health/Environmental Informatio n 4 LCDS Solar cells 6 Other Electronic Devices Exhibit 2: International Sales Vs Domestic Sales for SharpCorporation Exhibit 3: Foreign Exchange US $ vs Japanese (2007 2009) Exhibit 4: Sales by Region, Sharp Corporation Exhibit 5: Sharp Corporation (2009) Annual Report