Employees Motivation of Giant Hypermarket Kota Padawan - Free Essay Example

Sample details Pages: 4 Words: 1106 Downloads: 6 Date added: 2017/06/26 Category Management Essay Type Research paper Did you like this example? Executive Summary This report is to analyse the organisation rewards and employees motivation of Giant Hypermarket Kota Padawan. Giant Hypermarket is a major supermarket and retailer chain in Malaysia. It is a subsidiary of Dairy Farm International Holdings (DFI) and is headquarter in Shah Alam Selangor. In this paper the main focus is on the Hypermarket rewards and employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ motivation, it is to find out if the employees are satisfy or dissatisfy with the rewards given and to know if the employees feel motivated to work at Giant Hypermarket Kota Padawan from the data collected. The author uses primary data to collect her information regarding the employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ rewards and motivation. She interviewed the management team, the workers, observe and distribute questionnaire to the Giant Hypermarketà ¢Ã¢â€š ¬Ã¢â€ž ¢s employees. ( i ) Table of Content 1.0 Introduction The purpose of this report is to analyse the motivation and rewards of Giant Hypermarket Kota Padawanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Employee. Giant Hypermarket, which is owned by Giant Capital Holdings (GCH), is one of the largest hypermarkets in Malaysia. It was founded in 1944 by the Teng family in Kuala Lumpur. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s headquarter is based at Shah Alam, Selagor, meanwhile Sabah-Sarawak-Brunei Regional headquarter is located in Kolombong Outlet, Kota Kinabalu. The key people to the success of Giant Hypermarket are the Teng Family themselves, and CEO Datoà ¢Ã¢â€š ¬Ã¢â€ž ¢ John Coyle. Giant Hypermarket Kota Padawan currently has around 130 employees. Some of employee benefits that Giantà ¢Ã¢â€š ¬Ã¢â€ž ¢s employee receives from working in Giant are employee insurance, where they can claim straight from their management if there is any accident happens and a 10% discount when purchasing within group for example, purchasing from Giant Hypermarket itself, Guardian Pharmacy and Cold Storage. Giant Hypermarket Kota Padawan start ità ¢Ã¢â€š ¬Ã¢â€ž ¢s operating on 25 October 2011. Giant Hypermarket natural of business is the retail industry. Retail business industry is the sale of goods to end users. The items sales in Giant range from household products, grocery, bakery, electrical appliance and clothing. Its main competitors are Boulevard Hypermarket, Unaco, HL Supermarket and Everise Supermarket. Giantà ¢Ã¢â€š ¬Ã¢â€ž ¢s mission was always been to offer a wide variety of products at the lowest possible price. Their slogan which says à ¢Ã¢â€š ¬Ã…“Everyday Low Prices, big Variety and Great Valueà ¢Ã¢â€š ¬Ã‚  communicates the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s mission to the public. Usually the stock were sent to the Miri branch before it being distribute to the other 3 outlets in Sibu, Kota Padawan and Tabuan Jaya. (Gross profit) 2.0 Research Methods There are many types of methodology can be used in this research, there are primary data, for example survey, interview, and there is also the secondary data, where the data are collected from a book, journal or the internet. The author decided to use 4 methods to conduct her research. The method she used are: Primary data: Sampling- This research sample target is those who works in Giant Hypermarket Kota Padawan. The author chose sampling as her method to conduct the research because sampling can save time and cost. Interview- The author went to the company to interview the management department to get the information she needed. She chose interview because they are useful to obtain detailed information about personal feelings, perceptions and opinions, and the interviewer may allow more detailed questions to be asked. Questionnaire- In this Survey, distribution of questionnaire is the most suitable method to use to gather the information that she needed for her assignment. This is because when data has been quantified, it can be used to compare and contrast other research and may be used to measure change. The questionna ire consists of 3 sections. The first section is the employee profile, second section is about the motivation and the last section is about the rewards. (Please refer to appendix for questionnaire) Secondary data:Internet- Giant Hypermarket Kota Padawan could not give the author the annual report of the company because they had to ask for the headquarters to approve it. It is highly confidential information. So the author went to the internet to search for the financial report on Giant. The contact person the author met for the interview is the Human Resources Department Manager Miss Ivy Bong. She is a friendly person and helpful because the moment when the author send in her letter to ask for the permission to conduct the research Miss Ivy immediately allow her to conduct the research. She helped the author to photocopy the questionnaires for the author and distribute the questionnaire to her employees. She tried her very best to answer the questions asked by author. However when the author asked if she can access for the company financial report, she politely told the author that she could not give the financial to the author because she had to ask through the headquarter manager and it may consume more time. However she did tell the author to check through the Dairy Farm International Holdings Companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial report because Giant is one of the company subsidiaries. 3.0 Results SECTION A: EMPLOYEE PROFILE FREQUENCY PERCENTAGE (%) Gender Male 7 35 Female 13 65 TOTAL 20 100 Age (years old) 18-29 13 65 30-39 6 30 40-49 1 5 50-59 0 0 TOTAL 20 100 Marital status Single 15 75 Married 5 25 TOTAL 20 100 Level of education Below secondary school 0 0 Secondary school 15 75 Certificates/Foundation 0 0 Diploma 3 15 Bachelor Degree 2 10 Master Degree 0 0 TOTAL 20 100 Work position Managerial 2 10 Clerical 1 5 Supervisory 5 25 Sales Assistant 10 50 Cashier 0 0 Others: Security 2 10 TOTAL 20 100 Length of service in the company Less than 1 year 4 20 1-5 years 16 80 5-10 years 0 0 More than 10 years 0 0 TOTAL 20 100 SECTION B: MOTIVATION FREQUENCY PERCENTAGE (%) Current job Least satisfied 0 0 Less satisfied 5 25 Satisfied 10 50 Very satisfied 5 25 Most satisfied 0 0 TOTAL 20 100 Achievement Least satisfied 0 0 Less satisfied 2 10 Satisfied 15 75 Very satisfied 3 15 Most satisfied 0 0 TOTAL 20 100 Nature of work Least satisfied 0 0 Less satisfied 5 25 Satisfied 13 65 Very satisfied 2 10 Most satisfied TOTAL 20 100 Personal growth Least satisfied 0 0 Less satisfied 8 40 Satisfied 10 50 Very satisfied 2 10 Most satisfied 0 0 TOTAL 20 100 Pay Least satisfied 0 0 Less satisfied 12 60 Satisfied 5 25 Very satisfied 3 15 Most satisfied 0 0 TOTAL 20 100 Fringe benefits Least satisfied 0 0 Less satisfied 2 10 Satisfied 12 60 Very satisfied 4 20 Most satisfied 2 10 TOTAL 20 100 Interpersonal relation with colleagues Least satisfied 0 0 Less satisfied 0 0 Satisfied 13 65 Very satisfied 7 35 Most satisfied 0 0 TOTAL 20 100 Interpersonal relation with supervisors Least satisfied 1 5 Less satisfied 1 5 Satisfied 18 90 Very satisfied 0 0 Most satisfied 0 0 TOTAL 20 100 Working condition Least satisfied 1 5 Less satisfied 2 10 Satisfied 15 75 Very satisfied 2 10 Most satisfied 0 0 TOTAL 20 100 SECTION C: REWARDS FREQUENCY PERCENTAGE (%) Salary raises Not important 0 0 Important 14 70 Most important 6 30 TOTAL 20 100 Bonuses Not important 0 0 Important 15 75 Most important 5 25 TOTAL 20 100 Medical benefits Not important 0 0 Important 13 65 Most important 7 35 TOTAL 20 100 Paid vacation Not important 0 0 Important 2 10 Most important 18 90 TOTAL 20 100 Promotion Not important 4 20 Important 11 55 Most important 5 25 TOTAL 20 100 Extra leave/ day off Not important 12 60 Important 4 20 Most important 4 20 TOTAL 20 100 Recognition Not important 7 35 Important 8 40 Most important 5 25 TOTAL 20 100 Public praise of appreciation Not important 5 25 Important 13 65 Most important 2 10 TOTAL 20 100 Career growth and self- development Not important 1 5 Important 18 90 Most important 1 5 TOTAL 20 100 Awards certificates Not important 0 0 Important 14 70 Most important 6 30 TOTAL 20 100 Training Not important 4 20 Important 14 60 Most important 2 10 TOTAL 20 100 Meal subsidy Not important 15 75 Important 5 25 Most important 0 0 TOTAL 20 100 Don’t waste time! 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Study of Profitability of a Logistics Company - 3652 Words

STUDY OF PROFITABILITY OF A LOGISTICS COMPANY USING ECONOMETRICS TOOLS Executive summary This study examines the impact of three factors, namely Sales, Fixed assets and Interest paid on the profitability of a logistics company. Econometric tool of multiple linear regression model was used for analyzing the impact of above factors on profitability of a major logistics company GATI Limited. Based on the financial data of last 10 years 2000-2009 the regression analysis has revealed that profitability of GATI ltd. is significantly affected positively by increase in fixed assets and adversely affected by increase in interest paid. The impact of increase in sales volume on profitability is positive but miniscule. In addition seasonality†¦show more content†¦Moreover, projects such as the Golden Quadrilateral program, National Maritime program, and introduction of freight corridors in rails shall strengthen the growth. The current economic scenario, which is largely impacted by the global slowdown however is expected to recover soon with the fall in logistics costs due to the huge developments in infrastructure. With the rise in disposable incomes, changing consumer preferences, fast emerging retail segments, infrastructure investment, the Indian logistics sector and the 3PL markets are expected to witness explosive growth in the successive years. Constraints and Challenges The biggest challenge faced by the organised logistics companies in India today, is competition from the unorganized operators. This is coupled with increasing environmental pressures, government regulations and subsidies for infrastructure development. Adding to all these, is the lack of â€Å"Industry status† to the logistics sector. Business Risks and Mitigation The Year 2008-2009 for India was quite different from the expectations of industry stalwarts and economy speculators. Increase in input materials costs, wages, interest and transportation forced companies to cut costs. Logistic service providers therefore are required to be cost effective and more efficient to compete in market place. High logistics and warehousing costs in India shows that there areShow MoreRelated1 Introduction 1.1 Background and Significance In the present day, logistics cost is considered to1400 Words   |  6 Pages1 Introduction 1.1 Background and Significance In the present day, logistics cost is considered to be an important factor showing potential and competency level in both organizational and national stage. Several of entrepreneurs face a high production cost problem which is a result from higher prices of oil and raw materials. In the meantime, exporters also encountered with the problem of Thai Baht currency appreciating trend. Therefore, entrepreneurs have to adapt and adjust themselves to surviveRead MoreStrategic and Financial Logistics Essay1376 Words   |  6 PagesCHAPTER 3 Strategic and Financial Logistics  © Portions Argee Logistics and Pearson Education, Inc. publishing as Prentice Hall Learning Objectives †¢ To appreciate how logistics can influence an organization’s strategic financial outcomes †¢ To review basic financial terminology  © Pearson Education, Inc. publishing as Prentice Hall 3-2 Learning Objectives †¢ To understand how the Strategic Profit Model can demonstrate the financial impact of logistics activities †¢ To become aware ofRead MoreCritical Analysis Of A Neural Network759 Words   |  4 Pagesthat we could create a user-defined function on Python that replicates the method. The interpretation of the method is provided below. The outputs of the different algorithms in the context of our study: Decision Tree: features importance (Gini impurity factor) – 200 random seeds averaged. Logistic regression: normalized feature importance (beta coefficients) – 200 random seeds averaged. Neural network: Garson’s feature importance. Garson’s algorithm identifies the relative importance of explanatoryRead MoreExplanation Of A Neural Network735 Words   |  3 Pagesable to create a user-defined function on Python that replicates the method. The interpretation of the method is provided below. The outputs of the different algorithms in the context of our study are the following: Decision Tree: features importance (Gini impurity factor) – 200 random seeds averaged. Logistic regression: normalized features importance (beta coefficients) – 200 random seeds averaged. Neural network: Garson’s feature importance. Garson’s algorithm identifies the relative importanceRead MoreNorton Lilly Case Study1351 Words   |  5 PagesNorton Lilly Case Study Qs Introduction One of the major features of globalization has been the mergence and increased importance of third party logistics providers and support industries for shipping and transport operations. As businesses become more global in their scope and supply chains grow ever wider in scope and more globally integrated, the complexities and considerations of achieving efficient and cost-effective transport and support services grows more difficult, and most manufacturingRead MoreInventory And Transportation : Supply Chain Total Cost Essay1275 Words   |  6 Pagesinventory and transportation as two key contributors of supply chain total cost. They require keen attention for supply chain efficiency to be realized. Inventory costs include; Capital cost that forms the largest factor of inventory carrying cost. Companies must balance money held inform of inventory and money required for daily operations. Inventory is treated as an asset in the balance sheet hence attracts taxation from most governme nts. To cover against loss and damages, insurance premiums are paidRead MorePlaza of Zaragoza1385 Words   |  6 PagesPlaza, the Logistics Park of Zaragoza Author’s Name H. Wayne Huizenga School of Business and Entrepreneurship LOG 5010 - International Transport amp; Logistics Term The Logistics Plaza of Zaragoza is the largest logistic park in Europe. It is a ten-year project that started in 2000, which is now at the middle of its completion. There are not many articles on logistic parks up till now because it is a very recent development. Generally, logistic activities would grow around strategicRead MoreMAJOR FUNCTION SUB-FUNCTION SERVICES PLAN Warehousing and Storage Distribution Reserve1000 Words   |  4 PagesModel The role that 3PL companies would perform for UB company in the future would likely move away from traditional tasks such as warehousing and transportation, to provide complete business solutions such as â€Å"managing suppliers and inventory with on-time replenishments, distribution of finished goods with localization by postponement, together with customer support and even managing returns† ( Fong ,2005).To provide such value-added services to UB Company, 3PL companies must improve their technologicalRead MoreOcean Spray Cranberries, Inc.947 Words   |  4 PagesIntroduction According to a case study cited by Staudt and Stranz (2009), Ocean Spray Cranberries, Inc is an agricultural cooperative owned by more than 750 cranberry growers in the United States and Canada. The company produces canned and bottled juice, juice drinks and food products at distribution centers in Bordentown, New Jersey; Kenosha, Wisconsin; Sulphur Springs, Texas; and Henderson, Nevada. August is usually a challenging month for Ocean Spray Cranberries, Inc., when the Lakeville,Read MoreCommercial Analysis Forecasting Management Project Accounting Management1511 Words   |  7 PagesAn innovative and highly competent finance professional (CPA, BBus) offering over 7 years of cross-industry experience spanning mining, engineering construction, through to logistics/transport, materials handling and motoring services. Recognised as a true business-partner to management, providing the knowledge and expertise needed to aid all levels of decision making. A specialist in modelling and qu antifying business activity for periodic reporting, budgeting and forecasting, and other decision-making

The Louisiana Purchase Treaty - 1363 Words

The Louisiana Purchase impacted the United States significantly. On April 30th of 1803, the Louisiana Purchase Treaty was signed by Robert Livingston, James Monroe, and Barbe Marbois in Paris, France. This was the territory that France sold to the United States.1 Both the agriculture and the economy got substantially boosted due to this territory. The Louisiana Purchase had an impact on the United States agriculturally, economically, and to advance imperialistic goals. Spain originally claimed this territory but it was also claimed by France who owned it from 1699 to 1762 until they gave it to Spain. Spain, who defeated France in the Seven Years War, took control of the territory west of the Mississippi river. Then, in 1800 France took†¦show more content†¦Farmers invented a way of curing this tobacco, that took over 18 months to finish. This finished product was called perique. From sections of Louisiana came hogs, cattle, sheep, cotton, corn, rice, vegetables, and even s ome fruits. There were also some people who earned their living by raising cattle and other livestock. Cattle provided beef and leather and sheep provided mutton and wool as well as fur trade from game.5 With a rise in crops also came a rise in the economy. More crops meant more items to sell and trade. Americas economy ranks number one in the world.6 But it wasn’t just crops that impacted the economy. It was elements and minerals too. Elements and minerals such as coal, copper, lead, phosphates, uranium, gold, iron, mercury, nickel, silver, tungsten, zinc, petroleum, natural gas, and timber for building. The United States has the largest coal reserve in the world. This accounts for 27 percent of the world’s total.7 Capital goods are approximately 28 percent of Americas earnings. Consumer goods are 12 percent, vehicles nine point four, food eight point six, fuel seven point six, aircraft six, and miscellaneous is four. The United States are organized into six major divisions: Transportation, lumbering, agriculture, general trade and commerce, organized labor, and the modem economy. From the early 1800’s to the early 1900’s, the United States experienced gr eat improvement on its transportation such as canal construction, improvements toShow MoreRelatedEssay on The Louisiana Purchase Treaty 1660 Words   |  7 PagesIn 1803, the Louisiana territory impacted the United States of America with the acquisition of land all across North America. â€Å"Immediately after the ratification of the present Treaty by the President of the United States†¦the commissary of the French Republic shall remit all military posts of New Orleans and other parts of the ceded territory to†¦the President to take possession† (United States Web). The Louisiana territory was purchased from the French for fifteen million dollars. This was afterRead MoreThe Louisiana Purchase, The Oregon Treaty, And The California Gold Rush948 Words   |  4 Pagesimportant events that helped to achieve the goal of Manifest Destiny. For example, the Louisiana Purchase, the Oregon Treaty, and the California Gold Rush all helped achieve this goal. All of these events had either increased the amount of land in the United States, or increased the population of people living in Western United States. One event that occurred during the time of Manifest Destiny was the Louisiana Purchase. In the early 1800s, President Thomas Jefferson wanted to get control over the MississippiRead MoreHow Did The Louisiana Purchase And The Adams Onis Treaty Affect The Boundaries Of The U.s.1729 Words   |  7 Pages1. How did the Louisiana Purchase and the Adams-Onis Treaty affect the boundaries of the U.S.? The Louisiana Purchase affected the boundaries of the U.S. because when Jefferson bought the land, the boundaries were not clear. Spain claimed the border was about one hundred miles west of the Mississippi River, while Jefferson was under the impression that it was around eight hundred miles further west, which was defined by the crest of the Rocky Mountains. This lead to four different government-fundedRead MoreLouisiana Purchase1368 Words   |  6 PagesChristian Ruiz Mr. Kelley Period1 14 February 2013 Louisiana Purchase On April 30,1803 the Louisiana territory, which was a third of the land for the new nation we call America, was purchased from France for fifteen million dollars. This helped fund Napoleon’s war against Great Britain. Thomas Jefferson made this decision because Jefferson did not want any other nation ruling in that territory, because Jefferson did not want to feel threatened with natives from the new land and France tryingRead MoreThe Treaty Of The United States918 Words   |  4 PagesOn April 30th, 1803, the United States doubled its land area when the Louisiana Purchase Treaty was signed making the 828,000 square miles of the Louisiana territory a part of the New World. After the exchange of $15 million to France in exchange for Louisiana, France’s influence in the United States was demolished. When the proposition of purchasing the Louisiana territory arose, Thomas Jefferson had many diverse opinions whether the addition would have a positive or negative effect on the futureRead MoreThe Louisiana Purchase1215 Words   |  5 Pagessignificantly with the Louisiana Purchase. The Louisiana Purchase added 828,000 square miles which doubled the land area of the United States (history.com 1). The importance of the Louisiana Purchase can be best appreciated by understanding why this purchase was considered significant to the United States, why France agreed to sell such a sizable amount of land, and how the Louisiana Purchase changed the United States forever. The United States was interested in the purchase of Louisiana for a number ofRead MoreThe Louisiana Purchase Essay examples818 Words   |  4 PagesThe Formative Years of the New Nation, 1820-1860 The Louisiana Purchase The Louisiana Purchase was the largest land transaction for the United States, and the most important event of President Jeffersons presidency. Jefferson arranged to purchase the land for $11,250,000 from Napoleon in 1803. This land area lay between the Mississippi River and the Rocky Mountains, stretching from the Gulf of Mexico to the Canadian border. The purchase of this land greatly increased the economic resources ofRead MoreThe Louisiana Purchase and its Consequences Essay994 Words   |  4 PagesThe Louisiana Purchase could be known as one of the greatest real estate deals of all time. On April 30, 1803, America expanded from seventeen states to a country almost doubled that size for the price of fifteen million dollars. That equates to about three cents per acre. About 828,000 square miles of western territory that became six states and parts of nine additional present day states. (History.com Staff 2009) The Louisiana Purchase was a result of many factors that took place. A couple ofRead MoreThe Second President Of The United States942 Words   |  4 PagesIndependence and made the Louisiana Purchase possible to Americans. From the fear of losing free Trade and having European Neighbors, Jefferson wanted to purchase the territory of Louisiana. Specifically, Jefferson was afraid that foreign countries would occupy the city of New Orleans, which controls the Mississippi River that serves as a major trade route for American merchants. Although the territory was somewhat expensive for America, it had a lot of advantages. Firstly, the purchase treaty eliminated anyRead MoreDid Thomas Jefferson Abandon His Ethics for the Lousiana Purchase1020 Words   |  5 Pagesorder to purchase the Louisiana Territory from the French (P. 2)? This is the major question that has led to much debate within the early history of America (P. 1). Some historians argue that Thomas Jefferson did, in fact, throw away his commitment to states’ rights and constructionism by the large purchase of Louisiana for the U.S. (P.1). On the other hand, some believe that President Jefferson supported his political beliefs, the fortification of the republican government, with the Louisiana Purchase

Case Analysis Netflix Free Essays

1.0 Problem Statement: This case analysis deals with â€Å"Loss of Revenues and declining growth of Netflix in the face of stiff competition.† 2. We will write a custom essay sample on Case Analysis: Netflix or any similar topic only for you Order Now 0Scenario: Founded in the year 1997 by Reed Hastings, the company started the DVD online service in 1999 and expanded rapidly to be the world’s largest Online DVD movie rental service in the year 2005, having 3.59 million subscribers as at the third quarter of 2005. The company has the exclusive advantage of proprietary software ‘Cinematch’ to provide subscribers with personalized movie recommendations. The company has 37 regional shipping locations to efficiently manage the logistics of the DVDs. Netflix has eight different subscriptions plans ranging from $9.99 to $ 47.99 for the customers to choose from with no time limit for the return of the DVDs, of course subject to a maximum number of DVDs the subscriber can hold at any point of time. The Company faces the problem of decline in profits due to lower subscription prices. To combat the competition from the nearest rival Blockbusters Neflix had to lower the subscription in its premium segment. The decline in revenues had made the company to put on hold its expansion plans to UK and Canada. 3.0 Analysis: The analysis of the case of Netflix presents three distinct problem areas relating to the structure and design of the organization which the company needs to concentrate on. They are: 3.1 Revision in subscription Rates: The company was rather forced to lower its subscription rates to cope up with the competition from the rivals. The reduction being in the most sought segment of $ 21.99 plan, has severely affected the revenue realization of the company. As a result the cost of revenues rose to 59.71 percent for the first nine months period of the year 2005 as compared to 54.61 percent for the year 2004. This has caused a decline in the gross profit. There is no significant change in the operating expenses to total revenues. The percentage of operating expenses remains at 41.5 percent for 2004 and 40.2 percent for the first three quarters of 2005. 3.2 Number of Subscribers: Though there is an increase in the number of subscribers the rate at which the subscriber list is expanding does not relate itself with the reduction in the subscription rates. This is evident from the fact that the subscriber acquisition cost has increased from $ 36.09 for the year 2004 to $ 36.92 for the broken period of 2005. In order to break even it is essential for the company to concentrate on increasing the number of subscriber base to result in enhanced rental revenues. Addition to the subscribers is at 75.5 percent for the year 2004, whereas it stood at 37.6 percent for the first nine months of 2005. Even considering the estimated increase to 4 million subscribers at the end of 2005 the percentage addition would still remain at 53.25 percent which is not working to the advantage of the company in terms of revenues. This may be due to the presence of competitors as well as other modes available to the subscribers for obtaining movie DVDs. 3.3 Diversification: Netflix has so far been only on the online rental of movie DVDs. The competition in this particular segment of the business is increasing with more players like Blockbusters and Green cine entering the business. Moreover the Video on Demand (VOD) and brick and mortar rental outlets like Gallery also pose a competition to Netflix’s business. Although it is estimated that the company would be able to get a subscriber network of 7 million by the end of the year 2007, unless the company takes steps to enhance its revenue from other sources still it may find it difficult to take advantage of the increased subscriber base. 4.0 Conclusion: The following are some of the issues that need to be attended to by the company Netflix to augment its revenue and the resultant profitability: Rate of increase the number of subscribers is not commensurate to increase the earnings The subscription rates are kept low to meet the competition which has caused an erosion in the earnings The company is facing competition from companies who offer other modes of providing the entertainment options. 5.0 Recommendations: Some of the suggestions for improvement in the earnings and ensure the growth are: Increase the number of subscribers by undertaking vigourous advertisement campaigns Reduce the number of options for subscribers from the present 8 options to 4, by rationalizing the subscription rates and adopting modified subscription structures which will increase the earnings for the company Have a look in to the other modes of offering DVDs by opening brick and mortar stores using the existing goodwill of the company. Additionally providing VOD services and rental of game DVDs may also be looked into. How to cite Case Analysis: Netflix, Essay examples

CEO Leadership Styles and Implementation System †MyAssignmenthelp

Question: Discuss about the CEO Leadership Styles and Implementation System. Answer: Introduction In todays world of changing organizations diversification of managerial trends have taken a different turn. An organization is a system with its own perspective and logic with its own weight of tradition and inertia. The deck is fully loaded with adopted and proven means of strategies and modules that are known to accomplish its own purpose of achieving goals against all odds and risks that can be fundamental in reaching out as well as unraveling out new directions (Benn, Dunphy and Griffiths 2014). Every organization has its own managerial tools to excavate new ways and means of achieving its goals. The workforce is one of the key elements of an organization that is instrumental in helping it achieve its objective. This report deals with the managers and the tools that they adopt while dealing with the various risks and challenges that that come along with the changing trends in an organization. This report further deals and advocated regarding the impact of the values, ethics and diversity on the work culture of an organization. It further investigates the role, behavior and the performance of the managers within an organization. To help in better understanding a case study regarding an organization has been cited for easier understanding and analysis. The purpose of this report is to learn, understand and analyze the effective role of a manager as well as the challenges and the risks that they have to address to in these changing trends in an organization as well as the impact of values, ethics and diversity on an organization. This report further helps understand the role, behavior and the performance of a manager. Key factors for the changing trends With the progress in the generations and trends, the workplace also has also evolved in its own terms. The workplaces in the earlier times were not as competitive and agile as it is now. The change in the organization involves the changed structure, content and the progress or process (Cameron and Green 2015). The reason to embrace such a change is due to the fact that workplaces are now more perceptively complicated, more team based and collaborative, more dependable in the social skill sets, technologically dependent, time bound and high mobility with less dependency in the demographics (Sjostrand 2016). The current scenario depicts the workplace to be more lean and agile, more focused in the customer value perspectives, better tuned competitive dynamics and strategies, lesser hierarchy and authority decision making, continues evolution the re organization and achieving competitive advantages. Every manager in their respective organization faces certain challenges that should be attained in time to reduce or manage the risk that might arise from it. These challenges are primarily the risks that the organization faces, which its managers in turn manage. The challenges and risk that are faced have been discussed below. Earlier organizations did not face any crucial moral challenge that the current organizations face now a days. With the higher competition and augmented global economy every individual is now in a struggle to meet up with the economic and social security that can only be attained with better earnings estimate. To meet the temptations of achieving better standard of living, individuals strife to do anything and by any means necessary, even at the cost of cutting the moral integrity. Within a time, employees start to adopt unfair or immoral means to achieve their targets with a perspective that immorality is an important part of business without with a successful business cannot be sustained. This would eventually lead to the erosion of the trust between the employees and the employer, the business partners, management and the shareholders of the organization. The failure to comply with the fact that lack of trust can eventually ruin a business is one of the major pitfalls of an organi zation (Jensen 2014). Financial or Resource Management Finance and revenue is one of the primary foundations of any organization or business. A healthy return in the revenue is mostly anticipated by every organization. The major failure for an organization is the mismanagement of the flow of cash within an organization (Brigham and Houston 2012). In case the capital expenditure or receivable collectables is the primary cause of unnecessary draining of cash, the sustenance of the business would not last for long, since revenue management is the utmost important part of business that mostly survives in the well revenue management of an organization. The mismanagement of revenue and the lack of focus on the cash flow could be fatal for any midsized or small term business organization (Brigham and Ehrhardt 2013). With the progress in generation and the global marketing system, setting up a business has become even easier with trouble-free purchasing of online domain and website for the setting up of a business on the go. However, the continuation of business is more challenging and complicated, than it was earlier. Previously hiring of business experts was expensive that has now become even easier and more available as well as cost effective (Cheng, Man and Yi 2013). Findings of different organizations engaged in competition for the same kind of product is crucial to understand the challenges in the global market regarding the successful establishment of the new organization as a flourishing one. Within the same line of business, increased selection and competition is a challenge in the market regarding the gathering of potential customers and the retention of the existing customers (Kirzner 2015). Identification of the appropriate customer and the business channel is crucial in the determination of the business and organizational prospects in the market. Identification of the customers needs and wants is helpful in the customer loyalty and retention (Set-Pamies 2012). In terms of running a successful business, one of the major challenges is to find the right staff for the organization. Recruiting the right employee and their retention and injecting them with the business prospects and ideologies is one of the crucial management strategies to ensure the operations of the organization to be productive (Farr and Tippins 2017). The case study adopted is regarding Beech Nut Nutrition Corporation that supplies 100% pure apple juice for babies and infants (Boyd 2012). As per the case, Beech Nut Nutrition was alleged to supply adulterated apple juice to its customers mostly that are meant for the infants and babies. Two years after the joining of the CEO, he found evidence regarding the fact that apple juice concentrate that was supplied by the vendors for the purpose of making the Beech Nut apple juice contained nothing but sugar, water and chemicals as the primary ingredients. The inventories could have been eliminated by the management which was supposedly useless as well as the existing products could have been removed from the stores. Instead, the product continued to be distributed with the hope of turning the business around with the paying of the promised amount to its parent company, Nestle. A large number of employees in the organization suspected about the authenticity of the products even before the arrival of the CEO, but he chose to ignore the fact due to the 25% advantage that was provided by the suppliers enforced the employees to continue with the production of the adulterated product. Unable to bear with the unethical business, one of the employees protested of about the concern and in return he was branded as a non team player. He was reviewed with nave and impractical comments by the supervisor who was in charge. In this manner, the protest was suppressed and by no means was the consequence of the actions justified, putting the company and its management at the risk of illegal accountability. Later on, an FDA investigation was executed that taught Beech Nut a lesson in a hard way. The company was held guilty of selling adulterated juice to its consumers, risking their lives as well as the trust and compliance of millions of customers who relied on Beech Nut Nutrition in terms of their childrens nutritional supply. Finally, after the trial and judgment, the company was made to pay a compensation of $ 25 million that included the fines, legal expenditures and the misplaced sales. After the legal proceedings of Beech Nuts, the company struggled hard for a long period to regain back its consumer trust and market share. As a result, the managers have become more cautious about the organizational ethics and incorporation of rules and regulations to identify and prevent the breach of laws. Impositions of fines and probation for organizations have also been implemented to prevent further wrong doings and malpractices. Critical analysis of the case study With the help of this case study, justification can be made about the business rationale, the proper utilization of research methodology and organizational theories. As per the theories, if Beech Nut incorporated the methods of identifying and focusing on the business rationale that included the integrity, financial management, ethics, competitive advantages, the customer loyalty and staff selection then perhaps the company would not have to undergo such consequence. In case, Beech Nut chose to focus on the better cash flow and the quality of the products then perhaps it could have been successful in generating more consumers and retaining its existing customers as well as successfully turning the business around that having to sell of the company. The staffs that were recruited in the company were loyal but they were unethical who participated and encouraged the continued fraudulent malpractice of producing adulterated juice. The unethical behavior of the CEO of Beech Nut who was only motivated to meet up with the target and overlooking about the reputation of the organization that it was going to lose in the run (Ng and Sears 2012). Although one of the employees had the conscience to protest against the wrong, his voice was suppressed, that usually has a negative impact on the work culture since this encourages other employees to adopt unfair means. This in turn corrupts the entire work culture rendering it venerable to legal intervention (Theodosiou, Kehagias and Katsikea 2012). The supervisor chose to ignore and suppress the fact that one of the employees protested about the crisis of the adulterated production. The supervisor could have taken effective measures to encourage and rectify the crisis instead of suppressing them, resulting in the huge financial and reputation loss ((Theodosiou, Kehagias and Katsikea 2012).). Proper research about the flow of cash and improvised strategy in the financial module regarding the sales and marketing of pure apple juice could have initially affect the revenue generation creating a little over load in the financial structure of the company but eventually the setbacks could have been averted and impart a new direction in the business cycle. Since Beech Nut was an old reputated company with a loyal set of dependable consumers, it would have been able to unload the pressure in a lesser span of time (Higgins 2012). The mismanagement of not regulating the quality was one of the fatal mistakes that was committed with the purpose of generating easy and fast revenue that was eventually caught red handed and intervened. The managers could have replaced the disloyal vendors with honest ones instead of continuing business with the disloyal ones and jeopardizing the consumer health and its reputation as well. The scope of achieving competitive advantages were higher since Beech Nut had a loyal set of customers who relied on their products. Only a few notable management strategies would have been a game changer for the company (Wagner and Hollenbeck 2014). After suffering legal setbacks, the company had a tough time to regain back the trust of its loyal customers and the market values and the organization decided to formulate its major strategies in terms of focusing in the quality of the product. The influence that the organization had on behalf of political and social interface is due to introduction of penalties and compensation for adulteration and producing inferior quality goods by the legislature and legal practitioners as well as the recognition, acceptance or rejection by the consumers upon whom the survival or the decline of an organization completely depends. Key decisions taken by the management The key decisions that were taken by the management to effective handle the crisis, was paying of a compensation for the charge as well as calling back the products that were considered as adulterated from the market. Newer strategies have been formulated that meet the ethical principles to gain back the trust and the confidence of the consumers that was predominantly the biggest strength of any organization. The implementation of new policies that met the parameters of the health regulations by the government. This was done to focus on the quality of the products to regain its competitive advantages over the other products as well as avoid further legal setbacks As the outcome, the company gradually regained its customers trust and established its lost reputation as one of the major baby food producers. The recalling of the adulterated juice was one of the methods that was beneficial is explaining the customers about the companys concern related to the consumer health. The improvised policies related to the organizational management in terms of ethical practices were influential in creating a diverse and work environment. Conclusion With the help of this report, it can be justified that an organization faces several challenges and risks in the changing trends of the newly emerging economic market. The challenges come on basis of managing the integrity, financial flow, creating identity of newly emerged organizations, selection and retention of new customers as well as recruiting of staff. With the help of the case study that has been provide the fundamental of business rationale and the ethics in the workplace has been explained as well as its validity has been justified. The case of Beech Nut Apple Juice has been cited to explain and understand the key factors of business rationale and ethics in the workplace as well as the circumstances that resulted in its downfall. The political factors that influence the legitimacy of the management strategies include the legal provisions that have been incorporated in order to prevent unethical use of business strategies. The social factors involves the customer appraisal and rejection in terms of the authenticity of the product, since customers are the main factors that influence the success and the failure of an organization in the global market. References Benn, S., Dunphy, D. and Griffiths, A., 2014.Organizational change for corporate sustainability. Routledge. Boyd, C., 2012. The Nestl infant formula controversy and a strange web of subsequent business scandals.Journal of business ethics,106(3), pp.283-293. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Brigham, E.F. and Houston, J.F., 2012.Fundamentals of financial management. Cengage Learning. Cameron, E. and Green, M., 2015.Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers. Cheng, P., Man, P. and Yi, C.H., 2013. The impact of product market competition on earnings quality.Accounting Finance,53(1), pp.137-162. Farr, J.L. and Tippins, N.T. eds., 2017.Handbook of employee selection. Taylor Francis. Higgins, R.C., 2012.Analysis for financial management. McGraw-Hill/Irwin. Jensen, M.C., 2014. Integrity: Without it nothing works. Kirzner, I.M., 2015.Competition and entrepreneurship. University of Chicago press. Ng, E.S. and Sears, G.J., 2012. CEO leadership styles and the implementation of organizational diversity practices: Moderating effects of social values and age.Journal of Business Ethics,105(1), pp.41-52. Set-Pamies, D., 2012. Customer loyalty to service providers: examining the role of service quality, customer satisfaction and trust.Total Quality Management Business Excellence,23(11-12), pp.1257-1271. Sjostrand, S.E., 2016.Institutional change: theory and empirical findings. Routledge. Theodosiou, M., Kehagias, J. and Katsikea, E., 2012. Strategic orientations, marketing capabilities and firm performance: An empirical investigation in the context of frontline managers in service organizations.Industrial Marketing Management,41(7), pp.1058-1070. Wagner III, J.A. and Hollenbeck, J.R., 2014.Organizational behavior: Securing competitive advantage. Routledge. www.beechnut.com (2017).beech-nut baby foodreal food with simple ingredients. [online] Beechnut. Available at: https://www.beechnut.com/ [Accessed 18 Oct. 2017]. Young, J.H., 2014.Pure food: securing the Federal Food and Drugs Act of 1906. Princeton University Press.

Manufacturing and Services Sectors Security - MyAssignmenthelp.com

Question: Discuss about the Manufacturing and Services Sectors Security. Answer: Introduction Cloud computing is one of the most used technologies at present days. Using the services with the explanations of predefined service is discussed in the report. However, an organization needs to reap completed advantages from cloud servers, as well as organizational changes. Moreover, the study deals with different types of cloud architecture and selection of architecture suitable for the organizations. Implementing of hybrid cloud approach is discussed in the report along with the steps for migrating to Amazon AWS service. The Cloud computing really has several rages with respect to Infrastructure as a service or Platform as a service (Rittinghouse Ransome, 2016). The actual architectures have the types of cloud coalesced into the basic two types such as dedicated server slices as well as fully abstracted computing resources. Hence, understanding about the process would help to make the proper selection for cloud deployment in SoftArc Engineering. In this aspect, the earliest as well as largest cloud services that include Amazon as well as Rackspace; that are based on the dedicated server slices. In addition, the basic idea nned to give a server that has RAM or CPU, disk as well as network connection like collocated leased dedicated servers (Lian et al. 2014). It has been dominated by web hosting from 10 years ago. These types of clouds are sold as instances of menu of fixed-size since trying to pack the servers optimally. In addition, usually it does not including the solid performance provide guarantees as well as persistence that have no guarantees for having limited control of provider over the servers. In addition, the providers include ENKI and Terremark and iLand using the VMWare as technological basis. The architecture of hardware includes diskless servers along with centralized SAN or NAS. On the other hand, the providers need to sell the instance sizes, which are fully customizable and persistent instances. It offers guarantees of performance and controlling three bins of the resources in SoftArc Engineering. Reasons for using the architecture It is important to have proper reasons for using abstracted resource model I SoftArc Engineering. In order to provide overview of the advantages of cloud, it is difficult to have innovations, which is relentlessly pushing the particular boundaries of underlying technology as well as architecture (Gangwar, Date Ramaswamy, 2015). The virtual machines are generally created with the size needed for diskless servers with storage centralized on SAN. On the other hand, there is fixed and variable size examples are relied on it. The process depends on the architecture and has higher value for having premium hardware as well as software licenses. Moreover, the service is guaranteed with instances and stating the information kept for centralized SAN (Hashem et al. 2015). The scales instances and resizing of the existing ones can be included in the cases and allows the instances to move new hardware in the case of failure. There are several advantages along with limitation of adopted cloud architecture in SoftArc Engineering that can be explained as followed. Cost: It is easier to get approval for operational expenditure than the capital expenditure that is related to the following points. There is no hardware and computing resources that is lingering on the specific balance sheet. In addition, no depreciation and need for the lengthy justification is required for the process. No monthly review of using the system and no requirements to the refractor of computing resources after completion of the project. In addition, cost of the cappuccino in a day and accessing own dedicated server is one of the major procedures involved with it (Oliveira, Thomas Espadanal, 2014). Choice is an advantage that shows that there are no boundaries, and limited by the OPEX budget. Hence, it is important to select effective and suitable software service for the organization. The software service models are as followed. Software as a service (SaaS) Infrastructure as a service (IaaS) Platform as a service (PaaS) Business Process as a service (BPaaS) In addition, Flexibility and elasticity for connecting more customers connecting to the web sites compared to the regular months is advantage for using the service. Speed is one of the key differentiators for SoftArc Engineering that is associated to relate to the market, like differentiators can correlate to the speed of making execution for providing the examples. The virtual resources can adapt easily to the objective of business requirements and rapid expansion of the bandwidth speed as required in SoftArc Engineering. Risks in cloud hybrid strategy Hybrid IT infrastructure is becoming as the biggest trends of present decade and the strategy can include deployments of the hybrid cloud. As per the RightScale 2015 and the State of the Cloud Report, there are 82 percent of the surveyed organizations were running with hybrid cloud strategy as well as Data Center Knowledge stated for adoption of the technologies expected to triple by 2018 (Chou, 2015). The advantages of embracing the hybrid cloud are quite clear. The companies capable to enhance the IT flexibility as well as select solutions fit for specific requirements. Maximizing cost efficiency along with the asset use need to be achieved according to FierceCIO contributor in SoftArc Engineering. Loss of control: The job of CIO in SoftArc Engineering is managing risk within the organization. There are many views that has total control over the each part of technology strategy of SoftArc Engineering is essential. On the other hand, cloud-based tools are used to the software along with the application changes that occurs on side of the provider. The meaning of IT executive is involved in the process (Son et al. 2014). Hence, according to the contributor there is one of the most vital risks of hybrid cloud computing. It is included in the perceived loss of controlling on the part of the CIO as well as members of the executive board. The applications are changed all the time, and the applications are outside the control of the organization is unprepared when sudden software update. Cloud security: The cloud as well as its apparent inherent to the risks as far as the security is concerned. In addition, the market for cloud security tools needs to keep going up by day. It is expected that organization can reach a total value of $8.71 billion by 2019. There are several security challenges for the organizations need to deploy hybrid cloud strategies, according to SoftArc Engineering (Hashizume et al. 2013). It includes risk management and security management as well as poorly constructed of the service-level agreements. Compliance: It is one of the issues that are aforementioned for making security challenge. The Businesses of SoftArc Engineering needs to ensure that all parts of cloud strategy are compliant with regulations of the industry. Recommendations for Security steps and controls It is important to provide recommendation for securing the control for the organization. Adopting the effective and suitable method and following the protocols would be helpful for the organization. Having specific versions of Windows XP that have a built-in remote administration package is called as Remote Desktop Connection. Hence, a free cross-platform alternative offers same type of functionality (Modi et al. 2013). In addition, maximization as well as increased of the market share and achieve the objective have various challenges for dynamic nature of organization. Adoption goes up to the companies that look into implementing the hybrid strategies within IT departments that has number of issues (Fernando, Loke, Rahayu, 2013). These are arising to deal with new technologies, which has hybrid cloud brings It is important to identify the requirements required for remote server administration, resource management as well as SLA management. Internet connection: An Internet connection with TCP/IP or on the Local Area Network that can be remotely administered required for remote server administration (Garrison, Wakefield Kim, 2015). Moreover, for the non-malicious administration and user need to install server software on the host system in SoftArc Engineering in order to be viewed by the users. Connecting: Connecting with the host computer in a window that showing the Desktop of the host appearing needs to have proper control. The client may control the host as the major requirements for the process. Cloud environment: The SaaS provider uses the shared infrastructure as well as several types of the organization involve with the process. A possibility of loss of the existing customers as well as potential for new customers is required for the process. Steps to moving AWS cloud service In order to migrate to SQL database of SoftArc Engineering to Amazon RDS utilizing SQL Azure Migration Wizard, it is important to follow some steps. Step 1: Downloading the SQLAzureMW Tool: It is required to extract the SQLAzureMW.exe file for the service. Using SQL Server Management Studio to connect local SQL server as well as Amazon Web Service RDS instance would be helpful to complete the process. Step 2: Beginning with the Migration: It is required to double click on the SQLAzureMW.exe file (Ga Steenkamp, 2014). The page appearing on the screen as well as requirements to select the Database as an option under analysis is second step. Step 3: Sourcing the Database Tasks: Entering the Source of details of SQL Server Database connection as well as click on the Connect button is the next step. Step 4: Creating Scripts: Creating the scripts for selected SQL server objects are required for the process. Step 5: Destination Database Process: It is required to create a script of the database. Entering into the RDS SQL Server connection credentials as well as connection is the next step. Step 6: Selection of the Target Database: Selecting the target database that likes to migrate. Creating of database earlier and after that creation of new Database option is involved with the process. Step 7: The Grand Finale: Verification of SQL Server Management Studio as well as checking of all migrated date is the final step. Conclusion From the above discussion it can be concluded that the theoretical basis for cloud is found as bins of the resources that comprise compute, storage as well as networking and flexibility in order to allocate amount from each of the bins for creating custom computing environment. The providers implementing the type of cloud "abstract" for resources are generated from underlying hardware. It provides the user according to their needs. It is more technically challenging for the users in SoftArc Engineering that offers better performance as well as flexibility that would be helpful for the organization. References Chou, D. C. (2015). Cloud computing: A value creation model.Computer Standards Interfaces,38, 72-77. Fernando, N., Loke, S. W., Rahayu, W. (2013). Mobile cloud computing: A survey.Future generation computer systems,29(1), 84-106. Gai, K., Steenkamp, A. (2014). A feasibility study of Platform-as-a-Service using cloud computing for a global service organization.Journal of Information System Applied Research,7, 28-42. Gangwar, H., Date, H., Ramaswamy, R. (2015). Understanding determinants of cloud computing adoption using an integrated TAM-TOE model.Journal of Enterprise Information Management,28(1), 107-130. Garrison, G., Wakefield, R. L., Kim, S. (2015). The effects of IT capabilities and delivery model on cloud computing success and firm performance for cloud supported processes and operations.International Journal of Information Management,35(4), 377-393. Hashem, I. A. T., Yaqoob, I., Anuar, N. B., Mokhtar, S., Gani, A., Khan, S. U. (2015). The rise of big data on cloud computing: Review and open research issues.Information Systems,47, 98-115. Hashizume, K., Rosado, D. G., Fernndez-Medina, E., Fernandez, E. B. (2013). An analysis of security issues for cloud computing.Journal of Internet Services and Applications,4(1), 5. Lian, J. W., Yen, D. C., Wang, Y. T. (2014). An exploratory study to understand the critical factors affecting the decision to adopt cloud computing in Taiwan hospital.International Journal of Information Management,34(1), 28-36. Modi, C., Patel, D., Borisaniya, B., Patel, A., Rajarajan, M. (2013). A survey on security issues and solutions at different layers of Cloud computing.The Journal of Supercomputing,63(2), 561-592. Oliveira, T., Thomas, M., Espadanal, M. (2014). Assessing the determinants of cloud computing adoption: An analysis of the manufacturing and services sectors.Information Management,51(5), 497-510. Rittinghouse, J. W., Ransome, J. F. (2016).Cloud computing: implementation, management, and security. CRC press. Son, I., Lee, D., Lee, J. N., Chang, Y. B. (2014). Market perception on cloud computing initiatives in organizations: An extended resource-based view.Information Management,51(6), 653-669.

Customer Concentration Risk Equity Capital â€Myassignmenthelp.Com

Question: Discuss About The Customer Concentration Risk Equity Capital? Answer: Introducation The International Accounting Standards Board is an independent body with a private undertaking that is in charge of development and approval of International Financial Reporting Standards. In the year of 2001 the International Accounting Standards Committee was replaced by the International Accounting Standards Board.The International Accounting Standards Board is the primary body implementingand issuing standards that are generally accepted worldwide and as mentioned in the question is almost accepted globally with a geographical diversity. The International Accounting Standards Board (IASB) had amended a lot of accounting principles so that the preparation of financial statements become proper and they are able to reflect a true and fair view of the financial or liquidity position of the company. With continued effortson the part of International Accounting Standards Board, it started making its own accounting standards named International Financial Reporting Standards (IFRS). The standards of the IFRS are set by a group of experts that constitute of the IASB with enough practical experience to maintain an easy to understand and transparent process while setting the standards. In the due process, the basic points which are taken care of are London office broadcast of the public board meeting, live; publishing the agenda papers mentioning the future actions that might be implemented by the board; outcomes of the board meeting are jotted down and circulated (Giner et al. 2016). While setting the standard the Board is required to maintain certain methods. In every interval of five years a detailed study is made and after consulting about the priorities the project plan is designed. Each project begins with a research to know the issue and its probable situation and decipher the requirement of the standard. Sometimes public comments are also encouraged. As required the Board amends the standard or brings out something new after a full scope research and discussion. Proposals for amendments and new insertions of standards are made public for consultation (Ames 2013). The Board members and the technical staff of IFRS Foundation consult with as many as stakeholders all around the globe to get further evidence. Issuance of standard is not the job actually, but its implementation that matters the most for the Board otherwise the job may be futile. Thus it is very clear from the above descriptions that setting up financial reporting standards is not at all an easy task but the International Accounting Standards Board is in charge of regular monitoring and reviewing the quality of standards implemented. It is also evident from the above study that it is very natural that due to such care taken countries worldwide will be very interested in implementing the financial reporting standards (Christensen et al. 2015). The reason behind the adoption of financial reporting standards is that it results in better decision making by the management of the firm, it provides a clear and better understanding of the financial position of the firm and especially is of use to countries, which make a lot of international investments. Unfortunately the United States is still reluctant to fully adopt IFRS in its financial reporting practices. The main reason is the lack of initiative on the part of the IFRS management team to implement an one in all universal accounting standard that has a strong hold on finance and is worthy enough to match the highly competitive environment of the United States (Barth et al. 2014). Another reason for the reluctance of United States is that any kind of mistake in the recording or any other part of the financial statements will directly pass onto the auditors. Thus it is very useful to implement such a set financial reporting rules that is absolutely free of errors. The IFRS fails to convince the United States that it is worthy enough to maintain this role. The United States gives the reason for reluctance as safeguarding the interests of its investors or stakeholders (Tokar 2016). Whatever may be the issue the IFRS Committee must be more careful in order to develop the standards in such a way so that it has a strong convincing image and can approach the United States for the incorporation of the standards. In the books of Colour Ltd. Journal Entries Dr. Cr. Date Particulars Amount Amount 30/6/2017 Salaries Wages A/c. Dr. $32,000 To, Accrued Salaries Wages A/c. $32,000 Heating Lighting Expenses A/c. Dr. $16,000 To, Accrued Heating Lighting Expenses A/c. $16,000 Insurance A/c. Dr. $20,000 To, Prepaid Insurance A/c. $20,000 Closing Inventory A/c. Dr. 440000 Cost of Goods Sold A/c. Dr. 1460000 To, Opening Inventory A/c. 460000 To, Purchases A/c. 1440000 Interest Expenses A/c. Dr. 30000 To, Interest Payable A/c. 30000 Depreciation Expense A/c. Dr. 85000 To, Accum. Dep.- Plant Machinery A/c. 36000 To, Accum. Dep. - Computers A/c. 20000 To, Accum Dep. - Buildings A/c. 29000 Investment A/c. Dr. 8000 To, Unrealized Gain on Investment A/c. 8000 Income Tax Expenses A/c. Dr. 160000 Deferred Tax Assets A/c. Dr. 19700 To, Current Tax Liability A/c. 179700 Dividend Declared A/c. Dr. 21950 To, Dividend Payable A/c. 21950 In the books of Colour Ltd. Statement of Comprehensive Income for the year ended 30th June, 2017 Particulars Amount Sales Proceeds $2,866,000 Less: Cost of Goods Sold ($1,460,000) GROSS PROFIT $1,406,000 Operating Expenses: Salaries and wages ($352,000) Heating and lighting expenses ($116,000) Audit fees and charges ($40,000) Insurance ($20,000) Depreciation Expense ($85,000) NET OPERATING PROFIT $793,000 Other Non-Operating Expense: Damage due to flooding ($134,000) NET PROFIT before INTEREST TAX $659,000 Interest Expense ($60,000) NET PROFIT before TAX $599,000 Income Tax Expenses ($160,000) NET PROFIT after TAX $439,000 Add: Unrealized Gain on Investment $8,000 NET COMPREHENSIVE INCOME $447,000 In the books of Colour Ltd. Statement of Changes in Equity for the year ended 30th June, 2017 Particulars Share Capital Retained Earnings Accum. Other Comprehensive Income General Reserve TOTAL Balance as on 1st July,2016: $1,000,000 $124,000 $160,000 $1,284,000 Interim Dividend ($32,000) ($32,000) Net Profit after tax $439,000 $439,000 Unrealized Gain on Investment $8,000 $8,000 Final Dividend Declared ($21,950) ($21,950) In the books of Colour Ltd. Balance Sheet as on 30th June,2017 Particulars Amount Current Assets: Cash at bank $304,000 Inventories $440,000 Accounts Receivable $342,000 Provision for Doubtful Debts ($40,000) Short term Investment - due 30th September, 2017 $664,000 Prepaid insurance $60,000 Deferred Tax Assets $19,700 TOTAL CURRENT ASSETS $1,789,700 Non-Current Assets: Investments $168,000 Plant Machinery $360,000 Accumulated Depreciation Plant Machinery ($216,000) Computers $400,000 Accumulated Depreciation - Computers ($140,000) Buildings $580,000 Accumulated Depreciation Buildings ($145,000) TOTAL NON-CURRENT ASSETS $1,007,000 TOTAL ASSETS $2,796,700 Current Liabilities: Accounts Payable $240,000 Accrued Salaries Wages $32,000 Accrued Heating Lightning Expenses $16,000 Interest Payable $30,000 Current Tax Liability $179,700 Dividend Payable $21,950 TOTAL CURRENT LIABILITIES $519,650 Non-Current Liabilities: Bank Loan secured over buildings, due 1st May, 2019 $600,000 TOTAL NON-CURRENT LIABILITIES $600,000 TOTAL LIABILITIES $1,119,650 NET ASSETS $1,677,050 Equity Capital: Share Capital $1,000,000 General Reserve $160,000 Retained Earnings $509,050 Accum. Other Comprehensive Income $8,000 TOTAL EQUITY CAPITAL $1,677,050 The fifteen notes to financial statements are as following: The net comprehensive income of the company is of the value of $447,000. This means that this is the sum of net income and other unrealized gains or losses that have been previously omitted due to some issues. The net operating profit is of the value $793,000, this means that this amount is excluding the costs and tax benefits of debt financing. The total current asset of the firm is $1789700 and the total current liability of the firm is $519650. Therefore the working capital of the firm is $1270050. The net asset of the firm is $1677050 which is alright and indicates that the firm is presently in a good position. The net liabilities of the firm is $ 1119650 which is not very close to the asset amount that again indicates a healthy condition of the firm. The income tax expense is of the value of $160000 that indicates that the firm is a regular payer of tax and does not generally evade it. The total equity capital is of the value of $1677050 that indicates the part to be distributed among the investors or stakeholders. The retained earnings is of the value $509050 and indicates to the revenue amount not to be paid out as dividends. The deferred tax assets is of the value $19700 that means this asset has been used in the balance sheet in order to reduce the taxable income. The general reserve is of the value $16000, this means the firm has enough funds for back up. The final dividend declared is $21950 that is this dividend is declared at the annual general meeting after the recommendation by the Board of Directors. The share capital is of the amount $1000000 this indicates that the company has enough shares invested in the market. The investment of the firm is $168000 deciphering the same that the firm has enough liability in investment. The net profit after tax is $439000 that is the revenue remaining after all the operating expenses and interests and other deductible components are subtracted. The money owned by the firm to its creditors that is accounts payable is high enough to be $240000. References Ames, D., 2013. IFRS adoption and accounting quality: The case of South Africa. Journal of Applied Economics and Business Research, 3(3), pp.154-165. Baos-Caballero, S., Garca-Teruel, P.J. and Martnez-Solano, P., 2014. Working capital management, corporate performance, and financial constraints. Journal of Business Research, 67(3), pp.332-338. Barth, M.E., Landsman, W.R., Young, D. and Zhuang, Z., 2014. Relevance of differences between net income based on IFRS and domestic standards for European firms. Journal of Business Finance Accounting, 41(3-4), pp.297-327. Christensen, H.B., Lee, E., Walker, M. and Zeng, C., 2015. Incentives or standards: What determines accounting quality changes around IFRS adoption?. European Accounting Review, 24(1), pp.31-61. Dhaliwal, D., Judd, J.S., Serfling, M. and Shaikh, S., 2016. Customer concentration risk and the cost of equity capital. Journal of Accounting and Economics, 61(1), pp.23-48. Giner, B., Hellman, N., Jorissen, A., Quagli, A. and Taleb, A., 2016. On the Review of Structure and Effectiveness of the IFRS Foundation: the EAAs Financial Reporting Standards Committees View. Accounting in Europe, 13(2), pp.285-294. odan, S. and Aljinovi? Bara?, Ã… ½., 2017. The Role and Current Status of IFRS in the Completion of National Accounting RulesEvidence from Croatia. Accounting in Europe, pp.1-9. Tokar, M.B., 2016. IFRSten years later: a standard-setters view. Accounting and Business Research, 46(5), pp.572-576.