Texting All Teams Amazon Enters the Cell Phone Market - Free Essay Example

Sample details Pages: 2 Words: 565 Downloads: 3 Date added: 2019/08/16 Category Technology Essay Level High school Tags: Cell Phone Essay Did you like this example? According to the case study from the text book, Essentials of Organizational Behavior, (Scandura 252).   Lab126 which is Amazons private lab was given the task in 2009 to develop a new smart which is known as the, Fire Phone today. The case study also stated some features that were brought up during the initial conceptual phase for creating this phone. Such as double touch screens, using the phone as A USB drive, teleconferencing capabilities or infrared cameras. Don’t waste time! Our writers will create an original "Texting All Teams: Amazon Enters the Cell Phone Market" essay for you Create order These ideas most likely came up during the, Team Decision Making Methods that the books mention. Brainstorming is one of the most common forms of team decision making (Scandura 237238). Brainstorming is a conference technique of solving specific problems, amassing information, stimulating creative thinking, developing new ideas, etc., by unrestrained and spontaneous participation in discussion (Dictionary.com, 2018). The number of ideas generated in the brainstorming process should be filtered by all the group members. After reviewing all these ideas thoroughly Amazon should have split the group into small teams, and according to their field of expertise they are responsible to explore more in-depth features. For instance, one team could have been focused on refining the idea of using the Fire Phone as a USB drive. It also can be very challenging to evaluate the teams success before placing the product on the market. Therefore, one way to see if this product would sell is to use focus groups to test the new ideas, and possible prototypes of the phone. Using focus groups would avoid and doubt or questions before placing this product on the market. Also, Amazon could have tested the new phone inside their corporation but use different employees not the ones that were involved in developing this product. Using your own employees would be an excellent source of feedback to evaluate the teams success before placing the phone on the market for consumers. As a leader of this highly technical team the best decision-making method for achieving the greatest result for the product would be the Consensus method. This method involves discussing ideas and deferring a final decision until everyone can say they have been heard and will support the final decision (Scandura 238). During this process, team members can convey with each other about other features that could be implemented as they progress forward as a team. The biggest factor in creating this product could be the different personalities of each individual member of the team. Even though, engineers are directed by theories, facts, testing a number in their technical field of expertise; their personality may trigger many conflicts inside the team as they may think that they are right and others wrong (Personailtymax.com,2016). Also, a leader or supervisor cannot be called all the time to resolve conflict, but when a serious issue comes up it must be taking care of immediately. Leadership should come in the play after discussing the problem and trying different methods to reach a solution. Sometimes though as a team or group an agreement cannot be reached and such prevents the team to progress forward. At this point a leader or supervisor needs to step up and make an executive decision and impose his/her authority to solve the conundrum. A important fact to remember when making a final decision as a leader you is to make sure you do undermine anyone on the team so to dont diminish the teams purpose.

Luxury And The Privacy At A Self Catering Lodging

Whether or not you are an independent-minded traveler, you will surely love the luxury and the privacy at a self-catering lodging. Unlike hotel accommodation choices, you will have the freedom to check-in and checkout at your convenience and preference. Plus, the opulent property will give you a relaxing setting for your rejuvenation, inspiring touring opportunities and quick access to nearby attractions. Villas definitely stand atop the list of a self-catering lodging choice. However, it always depends on what you expect from your holiday accommodation based on your needs and budget. In this article, you will find a brief comparison of both the lodging options and the value of each. Hotel holidays: There are close to endless choices of hotels, including both budget and high-end ones at each destination worldwide. That means finding one for your holiday lodging will never be a hassle. This is one of the few reasons why people choose a hotel for their holiday stay. Another plus point is that hotels offer many services without any extra cost. You can get your room cleaned, launder your clothes, and order room service. Plus, the on-site restaurants offer enticing menu choices so that each guest can enjoy some hearty meals during their stay. If your idea of a perfect vacation sounds like this, then a hotel stay might be the best option for you. But in the other hand, hotel rooms can be very limiting and expensive. For a spacious opulent suite, you will end up paying a lot.Show MoreRelatedSunset Boulevard Essay1932 Words   |  8 Pagescompartmentalization that allows the downtrodden to hope and carry on. Sunset Boulevard carefully considers the intricate honeycombs of dishonesty an d deception that constitute a human life, then dissolves the barriers and watches the emotions, lies, and self-contradictions slurry together and react in often volatile and destructive ways. 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Access the following teaching and learning resources: Resources for students †¢ A dynamic eText of the book which you can search, bookmark, annotate and highlight as you please †¢ Self-assessment questions that identify your strengths before recommending a personalised study plan that points you to the resources which can help you achieve a better grade †¢ Key concept audio summaries that you can download or listen to online †¢ Video

Business Management Motivation Free Essays

Motivation is the willingness to exert high levels of effort toward organizational goals, conditioned by the effort’s ability to satisfy some individual needs (Robbins, 168). For some business analysts, employee motivation is a good way to increase productivity in an organization. When people get motivated, they will have a reason to put more efforts on what they are doing. We will write a custom essay sample on Business Management Motivation or any similar topic only for you Order Now Motivation is a crucial management tool in lifting the organization’s work force’s ability. There are many different ways to motivate employees. Employers can motivate their workers as individuals, groups, teams, or the organization as a whole. Motivation takes forms like offering rewards, improving working conditions, or employee recognition. However, which approach should employers try? Team-based reward systems have been raised as an issue in work management areas. Many people prefer team-based reward systems to an individual approach. San Diego Business Journal, issued on Oct. 6, 1997, published an article titled â€Å"Team-Based Productivity Incentive System.† This article summarized the ideas that supported the team-based approach. The author, Bob Harrington, opposed the individual reward system. As he stated, individual reward systems create unnecessary competition and reduce cooperation between employees. It also reduces creativity because employees will only do what is necessary to get rewarded. Moreover, Harrington said team-based incentives influence individuals to work well together and cooperate with one another. No longer are employees and management measured purely against financial information. Instead, outstanding performance is based on a combination of items that measure the strategic objectives of the corporation. This paper will see if the team-based incentive systems are the best approach for business environments as Harrington discussed. Medical insurance and educational opportunities, among others are all common benefits in compensation programs for many manufacturers. Many people argued that these benefits attract and retain employees, but have little to do with work performance. Some also believe that if these benefits are spread out among workers in general, these kinds of work incentives will not guarantee good performance. Well Pay vs. Sick Pay is an example of how an incentive program reinforces wrong behavior and reduces productivity. Manufacturers with incentive systems that reward employees for achievements and growth can increase their competitiveness and profitability in today’s global market. Yes, it is true that organizations need to have incentive systems to satisfy their work force. Team-based incentive systems such as gain sharing, profit sharing, etc., become increasingly popular in work environments. People now are required to work as a team, and altogether help each other to achieve an objective. Your work is my work, and your responsibility is mine. People will become more cohesive as working in a group or a team. Team-based incentives offer several advantages. However, I do not totally agree with Harrington that individual incentive systems do not have any good influence over workers’ performance. Some people are extremely successful when they work on their own. People, who are raised in an individualistic culture, might not benefit from working in a group. So, individual incentive systems do play an important role in increasing a work force’s productivity as long as the employers know how to use this reinforcement system properly. If organizations set a standard to measure individual achievement and reward that individual on what he (she) perform, then, the individual incentive system might work as well as the team-based one. Moreover, managers need to realize that team-based incentive systems might cause Social Loafing effect in the work force – the tendency for individuals to expend less effort when working collectively than when working individually (Robbins, 260). Motivations are necessary in a working environment to increase the productivity of the work force. Reward systems must create a win-win situation for employees and employers. Team-based incentive systems might work very well and are a preferred process for many organizations in today’s work market; however, managers should adopt individual incentive systems in many cases, when employees are more skillful, efficient, and effective as working individually. The major purpose of the incentive system is to motivate and organize employees. How to cite Business Management Motivation, Essay examples

Managerial Finance Annual Report and Accounts

Question: Describe about the Managerial Finance of Annual Report and Accounts. Answer: Introduction ASOS Plc is an international fashion stop for young people, founded in the year 2000 and headquartered in London, England. ASOS is a British beauty and online store that aims to offer more than 80,000 branded and self-brand items with the assistance of web encounters and localized mobile from their respective centers situated in United States, China, United Kingdom, and Europe to near about every place in the world (ASOS, 2015). In relation to the financial year 2015, the company was in an advantageous position in the year because it reported an enhancement of around eighty percent of sales in United Kingdom that includes around twelve percent of enhancement in global sales accompanies with steady profits. ASOS has adopted various effective steps to meet the satisfaction of its customers and has framed strategies to enhance its technology developments that have further assisted in attaining the major goals of the company (ASOS, 2015). The consumer involvement of the company continues to be effectively high and developing each year. Furthermore, the motive of the company remains firm in becoming the number one fashionable spot for people especially in the twenties (Deegan, 2011). Computation of 5 Key Ratio Profitability Ratio These ratios are a class of economical metrics that are utilized to evaluate the ability of a business to generate revenues or earnings compared to its costs and other associated expenses incurred during a particular period of time. Return on assets Return on assets is an indicator of how profitable a company is associated to its total assets. It offers an idea as to how effective management is at utilizing its assets to generate earnings. It is computable by dividing the total annual earnings of a company by its total assets and depicted as a percentage. Therefore, higher return on assets ratio signifies better use of assets by a company. Return on Assets 2015 2014 2013 2012 2011 Net Income (I) 36,866 36,950 40,928 9,904 10,849 Assets (II) 4,77,897 3,79,963 3,11,751 2,06,278 1,36,168 Return on Assets (I/II) 0.08 0.10 0.13 0.05 0.08 Net Profit Margin This ratio computes the earnings or revenues made by a company as a percentage of the total sales achievable by it. Therefore, higher the distinctions between the revenues and expenses, more is the companys net profit (Christensen, 2011). Thus, net profit margin ratio is very beneficial in ascertaining the capability of a company to enhance its earnings without enhancing its costs in a similar amount. This ratio is computable by dividing the net income of a company by its total sales during a year. The following depicts the net profit margin of ASOS Plc for the past five years: Net Profit Margin 2015 2014 2013 2012 2011 Net Income (I) 36,866 36,950 40,928 9,904 10,849 Sales Revenue (II) 11,50,788 9,75,470 7,69,396 2,38,023 3,39,691 Net Profit Margin (I/II) 3.20 3.79 5.32 4.16 3.19 Liquidity Ratio This ratio measures the ability of a company to pay off debt obligations and its margin of safety (MOS) through the computation of metrics accompanying the current ratio, operating cash flow ratio, and quick ratio (Choi Meek, 2011). Thus, to sustain smooth operations of the company, it has to maintain a proportion betwixt its liquid assets and non-liquid assets. Current ratio It is the ratio between current assets and current liabilities of a company. The normal standard of a current ratio is usually two, which implies that the assets of a company must be double of its liabilities so that obligations can be easily paid off. Hence, current ratio going below one is very problematic for a company (Davies Crawford, 2012) Current ratio is computable by dividing the current assets of a company by its current liabilities. Current Ratio 2015 2014 2013 2012 2011 Current Assets (I) 3,37,098 2,60,662 2,33,132 1,47,638 83,809 Current Liabilities (II) 2,37,298 1,85,539 1,51,952 1,00,291 66,848 Current Ratio (I/II) 1.42 1.40 1.53 1.47 1.25 Efficiency ratio This ratio typically applies to banks and in general terms, it implies expenses as a percentage of revenue with a few differences. It is utilized to evaluate how well a company utilizes its liabilities and assets internally (Brigham Ehrhardt, 2011). It can compute the repayment of liabilities, turnover of receivables, basic use of machinery and inventory, etc. It assists an investor to facilitate comparison between two or more companies of similar industry. Earnings per share (EPS) The EPS of a company is the portion of its profit attributable to each outstanding share of common stock. It is computable by dividing the total earnings of a company by its number of equity shares (Fields, 0qq). The Earnings per share of ASOS Plc during the five-year period are as follows: Earnings Per Share 2015 2014 2013 2012 2011 Total Earnings attributable to owners 36,866 36,950 40,928 9,904 10,849 No of Shares 83,034 83,125 81,751 79,078 74,375 Earnings Per Share 44.40 44.45 50.06 12.52 14.59 Solvency Ratio This ratio assists in measuring the capability of a company to meet its long-term debts. Besides, the solvency ratio quantifies the company size after tax income, not accommodating non-cash depreciation costs, as contrasted to a companys net debt obligation (Brealey et. al, 2011). In other words, it assists in evaluating the capital structure of a company. Equity Ratio This ratio is a kind of financial ratio that assists in the computation of amount of assets financed by equity. It measures the proportion of net assets financed by stakeholders, as opposed to creditors. It is computable by dividing the total assets of a company by its total equity (Brigham Daves, 2012). Besides, ASOS does not possess any leverage and hence debt is absent. The following portrays the equity ratio of ASOS during the five-year period: Equity Ratio 2015 2014 2013 2012 2011 Total Equity (I) 2,37,315 1,93,031 1,59,799 1,05,987 72,120 Total Assets (II) 4,77,897 3,79,963 3,11,751 2,06,278 1,36,168 Equity Ratio (I/II) 0.50 0.51 0.51 0.51 0.53 Price Earnings Ratio (P/E ratio) In order to compute the Price Earnings ratio of ASOS Plc, it is crucial to consider the share prices of the company and its previous reported earnings. The following depicts the P/E ratio of ASOS based on several sources: Market price per share (equity) = 4,606 (approximately) EPS (Earnings per share) = 44.40 P/E ratio is computable by dividing the price per share by its earnings per share. Therefore, the P/E ratio of ASOS reports at 4606 / 44.40 = 103.74 Since the current P/E ratio of the company reports at around 18 times, it is assumable that an investor is more likely to sacrifice a price that is 103.74 times the EPS of the company. Analysis based on above calculation Profitability Ratio- It is observable that the company has attained significant growth achievements despite the fact that it has not existed for a prolonged period. Furthermore, its net profit margin ranges from 3%-5% that is a good indicator. The ROTA of ASOC has also been firm and it is noticeable that the company is striving to develop with every surpassing year. Both the net profit margin and ROTA was at maximum in 2013. Liquidity- The current ratio of ASOS reports around 1.5 every year that is not very beneficial but at the same time, not so dangerous to its liquidity. It is assumable that the companys liquidity is in a moderate zone. Efficiency- EPS of the company assists in determining its efficiency. It is observable that EPS has enhanced since the past five years that signifies successful implementation of strategies, thereby facilitating in better earnings of the company. Investment- The capital structure of the company refers to its investment and it is observable that its capital structure is free from debt. This means that the company operations are conducted through the funds obtained from issue of shares (Albrecht et. al, 2011). Besides, the solvency of ASOS Plc relies on its capital structure. However, the equity ratio of ASOS is also firm during the five years, which signifies adequate maintenance of investment in equity and assets in a same proportion that has facilitated in sustenance of equity ratio to be around 0.50. ASOS Plcs movement of share prices during 2014-2015 The below-mentioned graph portrays the movement of share price of ASOS during 2014-2015. It is observable that the company share prices vary from 4,194 GBP to 1,785 GBP in the year. Besides, the decline in share prices was noticeable in the beginning months after which the company made a huge leap and attained its maximum in the month of April 2015 that reported share price at 3000 GBP (ASOS Plc, 2016). Conclusion It is observable that the aggregate performance of the company is quite good despite the fact that it has been in operation for only sixteen years and still, it has managed to attain impressive outcomes. Furthermore, the company has played a key role in adequate satisfaction of investors through appropriate implementation of the strategies. This signifies the core strength and fundamentals of the company that has allowed it to gain a competitive advantage in the market. Thus, ASOS Plc is clearly to perform with better outcomes in the upcoming future and the investors can continue investment in the company for obtaining better returns. References Albrecht, W., Stice, E. Stice, J 2011, Financial accounting, Mason, OH: Thomson/South-Western. ASOS 2015, ASOS Annual Report and accounts 2015, viewed 17 August 2016, https://www.asosplc.com/investors/results-reports/2015.aspx ASOS Plc 2016, ASOS share price information, viewed 17 August 2016, https://www.asosplc.com/investors/shareprice-information/shareprice-chart.aspx Brealey, R., Myers, S. Allen, F 2011, Principles of corporate finance, New York: McGraw-Hill/Irwin. Brigham, E. Daves, P 2012, Intermediate Financial Management , USA: Cengage Brigham, E.F. Ehrhardt, M.C 2011, Financial Management: Theory and Practice, USA: Cengage Learning. Choi, R.D. Meek, G.K 2011, International accounting, Pearson . Christensen, J 2011, Good analytical research, European Accounting Review, vol. 20, no. 1, pp. 41-51 Davies, T. Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Fields, E 2011, The essentials of finance and accounting for nonfinancial managers, New York: American Management Association.