Describe Samsung's vertical integration as it relates to the 5 stages of forward and backward vertical integration along an industry value chain

The assignment requires me to create a PESTLE analysis for a business idea that I created which is basically a coffee shop with drawing activities.

Entrepreneurship

1. When considering the company's supply chain, explain the degree to which Samsung controls its supply chain and distribution.
2. Then explain the degree to which Samsung engages in related and unrelated diversification

A manufacturer of fortune cups wants to find a new supplier for the plastic cups that are used in making the fortune cups. They have an average annual demand of 1,500 for the plastic cups. For this manufacturer, 1 year is 50 weeks. The manufacturer has two suppliers that have made offers to supply the needed plastic cups. The first supplier has a lower price but a variable lead time. The second supplier has a higher price, but a constant lead time. The retailer experiences an average weekly demand of 30 plastic cups. In both cases the annual holding cost is 7% of the value of the cups and the manufacturer wishes to have a 97.5% service level.

Complete the following table; round part (e) to two decimals; round all other values to the nearest integer.

Supplier 1   Supplier 2
Price    $0.25   $0.55
Order Cost $1.00   $1.00
Holding Cost $0.02   (e)
Lead Time        1 week   1 week
Std. Dev. Of Lead Time     0.75   0
Optimal Order Quantity     (a)    (f)
ROP       (b)    (g)
Safety Stock         (c)   0
Total Cost, including Price and Safety Stock   (d)   (h)

1) What is the value of (a)?
2) What is the value of (b)?
3) What is the value of (c)?
4) What is the value of (d)?
5) What is the value of (e)?
6) What is the value of (f)?
7) What is the value of (g)?
8) What is the value of (h)?
9) Given your analysis, which supplier should the manufacturer use?
10) Give one additional consideration that the manufacturer should think about before choosing a supplier

1. O'Shea was considering entering into contracts with several people. If O'shea entered into a contract with any of the people listed in the answer choices, which contracts would be unenforceable if the person O'shea enters into the contract with is unlicensed.  

   		Electrician
   		Plumber
   		Lawyer
   		Doctor
   		A contract with any of these professionals would be unenforceable if they were unlicensed when they entered into the contract with O'Shea

2 points   

QUESTION 4

1. Ezekiel was severely intoxicated when he entered into a contract with Jerry. Ezekiel did not understand the nature and consequences of the transaction he entered into. A court has ruled that Ezekiel can void his contract with Jerry due to his intoxication.  True or False: Ezekiel will have to make restitution to Jerry.  

   True

   False

2 points   

QUESTION 5

1. Tony and Mike have entered into a contract with one another. Tony thinks that the contract is unconscionable.  True or False: In order for Tony to convince a court that the contract is unconscionable he must prove that there is procedural unconscionability or substantive unconscionability.  

   True

   False

how HRM practices can affect key employee behaviors for a job class and make a distinction among the nineteen dimensions of HRM practices and how they relate to a firm’s reward, staffing, training and development, and performance management.

Glow Corp. manufactures and assembles light fixtures. The fixtures consist of 4 components: a mounting panel, a cosmetic ring, receptacles for the light bulbs, and a glass globe. The receptacles must be purchased, but the other components could be produced in-house. Glow must produce 8,000 fixtures in the next month. The in-house production facilities are limited, so some of the components may have to be purchased, rather than made in-house. The costs (in dollars) of manufacturing and purchasing the components are as follows:

                        Manufacture Purchase

          Mounting Panel         6          8

          Cosmetic Ring         4          7

          Glass Globe           18         23

The time in hours required to make each component in each of 3 departments is as follows:

                                Department

                             A      B      C

                                         ______________________________

          Mounting Panel     .2    .1     0

          Cosmetic Ring     .3    0     .05

          Glass Globe         0    .1    .4

                                         ______________________________

    Total Department hrs.   2000   900   3000   

Formulate a linear programming problem to determine what to make and what to buy in order to minimize total cost.  

The following table lists the components needed to assemble an end item, lead times (in weeks), and quantities on hand. Item Lead Time Amount on Hand Direct Components End 2 0 L(2), C(1), K(3) L 2 8 B(2), J(3) C 3 12 G(2), B(2) K 3 17 H(4), B(2) B 2 32 J 3 27 G 3 5 H 3 0 a. If 43 units of the end item are to be assembled, how many additional units of B are needed? (Hint: You don’t need to develop an MRP plan.) Additional units b. An order for the end item is scheduled to be shipped at the start of week 13. What is the latest week that the order can be started and still be ready to ship on time? (Hint: You don’t need to develop an MRP plan.) The latest week

Avery, Danny, LeBron, Anthony, and JaVale would like to delegate their contract duties to Michael, Ron, Scottie, Toni, and Luke. Avery, Danny, Lebron, Anthony, and JaVale will be able to delegate their contract duties unless:  

Michael owns a bar named Poor Richard's Pub, and he has decided to sell the bar to Dwight.  Michael would like to include a noncompete agreement in the contract to sell Poor Richard's Pub to Dwight. In order for the noncompete agreement to be enforceable, it must be:  

How do the information systems of iCloud change and transform organizations in terms of hierarchical structures, politics, culture, business processes or business models? Prove and support your idea.

Describe each of the five characteristics of effective control and provide an example for each.

Can Recycling be a viable economic development tool in the USA? Are there organizations (either from the private or public sector) that are successfully using recycling as a source of revenue? Are they profitable? How is the China scrap ban affecting these organizations? What other countries are there with high recycling rates and what can we learn from their practices? And finally, what do you think we could be doing differently/better in our region to improve our own recycling rate and waste management practices? As a business person, what do you plan to implement in your workplace?

1. What is the ADEA?
2. What are two defenses to a potential violation of ADEA?

Recent election cycles have brought new challenges for corporations and their boards of directors. For example, in the 2016 presidential election campaign, candidate Hillary Clinton unveiled a prescription drug plan to lower prescription prices following the Turing Pharmaceutical price gouging scandal. Yet ironically, the pharmaceutical industry was one of the most generous industry donators to her campaign, as well as those of the other candidates.In fact, the health industry overall (including health professionals, hospitals, HMOs, and pharmaceutical companies) donated over $10 million to the presidential candidates by spring of 2016.

In essence, the pharmaceutical companies and health-care professionals spent money to promote policies that went against their own financial interests. This happened in congressional elections as well. In 2010, the pharmaceutical industry’s trade group, PhRMA, donated funds to nonprofit groups that used those funds to help elect 23 representatives who subsequently voted to limit access to contraceptives.

Some of those funds came from firms like Pfizer, Bayer, and Merck —all manufacturers of contraceptives.Political spending is also an issue with individual companies. Target Corporation, a company that had positioned itself as an LGBT-friendly corporation, found itself the target of angry employees and customers when they learned about Target’s political spending. Target, a sponsor of the annual Twin Cities homosexual Pride Festival, donated money to a business group that supported an homosexual rights candidate for Minnesota governor. Angry employees and consumers conducted protests outside Target stores and threatened a boycott.

These examples show how political spending can have dramatic consequences for corporations. Politicians take positions on a range of policies and so the same politician may hold some positions that support and other positions that damage a corporation’s best interests. This problem was exacerbated when the U.S.Supreme Court’s Citizen United decision changed the political spending landscape for corporations. Before that decision, political spending was constrained to political action committees (PACs), and PAC political activity had to be disclosed to the FEC (Federal Election Commission). Now firms can make unlimited contributions directly to candidates or indirectly to 501c4 nonprofits and trade associations, who can then hide both the donors who provided the money and the way the money was spent. Firms are now freer to become politically involved but, as Target and the pharmaceutical companies found out, that freedom comes with risk.Shareholders and other stakeholders are asking firms to be transparent in their political spending. They want to judge those expenditures for themselves to avoid agency problems and other conflicts of interest.

Ira M. Millstein, founder of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, proposes a new policy for boards of directors to follow in this new landscape. He suggests that:

1.Companies should require trade associations of which they are members to report to them on their political spending,

2.Companies should require trade associations of which they are members to disclose the donors who provide the money for their political spending,and

3.Companies should then disclose the information they receive from their trade associations when they disclose their other spending to shareholders and other stakeholders.

DISCUSSIONQUESTIONS

1.How would you react to the problem of political spending?

2.As the Chief Executive Officer of a pharmaceutical company, what would you do? Would you retain your PhRMA membership? Would you attach any conditions to your membership?

3.How would you react to the Target situation? What would you do as the CEO?

4.What is your reaction to Ira Millstein’s suggestions? Should corporations demand that trade associations disclose this information before they join?

5.Should companies start disclosing the information they gather? If a trade association refuses to give up that information, should the company decline to join?

Please answer:

It costs $15 per unit per year to hold a product in inventory. The forecasted demand for this product is 10,000 units per year. The total amount of inventory is made up of two types of inventory: safety stock and in-transit. Calculations for determining the average amount of inventory for each type are given below.  

Safety Stock Cost = 2 x Average Demand during Lead Time * Holding Cost per Unit per Year

In-Transit Inventory Cost = Total Annual Demand x (Lead Time / 365) * Holding Cost per Unit per Year

Total Cost = Safety Stock Cost + In-Transit Inventory Cost + Transportation Cost

The following is data related to your transportation options.

1. Build a spreadsheet model that calculates the total cost of transportation for Air, Truck, and Rail transportation. Based on your total cost calculations, what mode of transportation would you recommend? What is the total cost of your recommendation?

2. How much would the cost per unit of the other two modes have to change in order to make you change your recommendation?