Questions
Red Carpet LLC is a national hospitality and entertainment company with headquarters in Philadelphia, PA with...

Red Carpet LLC is a national hospitality and entertainment company with headquarters in Philadelphia, PA with national operations in the US. Historically, the company has had 3 divisions: hotels, food service, and cruise lines. However, it recently completed the acquisition of Sparkstar theaters, a movie theater company, that it is slated to become its 4th division. Red Carpet now owns 200 hotels in 48 states, 4 brands of restaurants with 1776 locations, 4 Buoy Bay branded cruise ships, and 300 Sparkstar theaters.

Its matrix organizational structure consists of a central HR, accounting, business development, sales, marketing, and research and development departments located at the headquarters in Philadelphia that serve each division. Each division is located in a different part of the US and lead by a VP that reports to the President and CEO. The company is privately owned by a consortium of investors and investor groups.

Red Carpet has 16,000 employees, 1000 of which work at its corporate headquarters. The organizational culture of the headquarters is informal and organic and there are few policies and processes that guide employee behavior. The company, as a whole, does not value HR so employees struggle with many employee relations and employment law concerns. The company outsources all of its training to one of the investor group companies, however this training is commonly not customized to the needs of Red Carpet.

As a whole, Red Carpet struggles with its business to business partners and suppliers because of its reputation for being nonnegotiable. Red Carpet would rather disrupt the quality and availability of its only products and services rather than partner for the supply chain resources that it needs. Likewise, Red Carpet does not hold many of the General Managers in its hotels, restaurants, and its cruise ships accountable for performance, opting instead for a weaker political strategy of blaming and gotcha games.

Being aware of these challenges, Red Carpet acquired Sparkstar for their strong industry reputation and financial performance in the hopes that merging the structure and culture of Sparkstar into Red Carpet would change the organization for the better. Historically, Red Carpet has been a highly successful company, however in recent years, its mismanagement has created noticeable effectives in product and service quality and its bottom line.

Divisions

Hotels: Red Carpet branded hotels are mid-price semi-luxury hotels known for high quality. Each customer is given a red velvet cupcake upon checking in. Red Carpet relies on its General Managers to micromanage the hotel. Despite its corporate parent owning a restaurant division, no Red Carpet hotels have restaurants. The Red Carpet division headquarters are in Sedona AZ. Many of the hotels are in need of refurbishment.

Food Service: Chicken Heaven is a fast-food chain with a long tradition of quality, large customer base, and 1000 locations. It is a solid overall performer for Red Carpet with high employee satisfaction. Burger Blast is another fast-food chain recently launched to cater to upscale customers who seek customized, gourmet-style burgers. It has 200 locations, however General Managers are struggling with budget and supplies causing a poor customer experience and high employee turnover. Food Park is a buffet-style restaurant with 500 locations that has been recently struggling because of high competition and poor marketing. Delicacy is a high-end restaurant with an urban theme. It has 76 locations, is the oldest of Red Carpet's food service operations, and provides a unique dining experience for customers. However, General Managers have a high turnover at Delicacy because of the grueling schedule. The food service division is located in Burke, ID.

Cruise Ships: Buoy Bay cruise ships offer low-cost, short-term cruises from Port Canaveral, FL only to the US Virgin Islands. Buoy Bay offers customers average quality staterooms and food from Chicken Heaven, Burger Blast, and Food Park. However, it does not offer a non-buffet formal dining option such as Delicacy. Although they are known for their over-the-top entertainment, employee turnover is very high relying primary on seasonal employees who are poorly trained. Buoy Bay has had much controversy. Just 5 years ago, the Buoy Bay cruise ship, Garland of the Sails, hit a reef, partially sank, and had to be salvaged in a 1.5 billion dollar operation. This resulted in a Federal investigation that is still pending. The Buoy Bay division is located in Lapsowanne, OR.

Movie Theaters: Sparkstar theaters were recently purchased from the Vegamega group for 2.3 billion dollars. Sparkstar is the highest rated movie theater chain the US. It has high customer and employee satisfaction, an efficient organizational structure, and solid financial results. Sparkstar's culture is one of high HR involvement including a strong training and development department, Sparkstar Institute. Sparkstar has a customer rewards program that provides a free movie rental of the film that the customer saw in the theater which has been very popular and has increased its strong customer base. Sparkstar has its divisional headquarters in Pasadena, CA.

The Issues

With the purchase of Sparkstar theaters, Red Carpet is hoping to redefine its operations in the next 5 years. It sees opportunities to integrate its divisions, products, and services to better serve its customers and employees. Here is a summary of some of the issues that Red Carpet must address in its strategic plan:

Internal politics and communication
Improved HR and training
Employee relations issues
Federal investigations
Product and service quality
Marketing support
Performance issues
Redefining the organizational structure
Improving its organizational culture
Integrating products and services
Resource and supply chain issues

Your Role

Leroy Banks, the Director of Change management at Red Carpet is seeking an Organization Development Consultant to address Red Carpet's need for change. You've just received a consulting contract from him to help prepare a plan to assist Red Carpet. You're excited about the opportunity and are motivated to work on this project. You know that your insight will assist Red Carpet with managing organizational change.

Leroy Banks is the Director of Change Management for Red Carpet, a national hospitality and entertainment company. He has contracted you to be an OD Consultant because Red Carpet has recently acquired a movie theater company and needs to create a new division. Leroy realized that this acquisition has provided an opportunity to restructure some other parts of the Red Carpet as well so it can streamline its operations. Leroy has asked you to begin by assessing Red Carpet’s organizational environment.

Review the Red Carpet scenario for this course and with your classmates; discuss the following questions that will help you become familiar with Red Carpet:

Identify and describe 3 examples of external forces affecting Red Carpet.
Identify and describe 3 examples of internal forces affecting Red Carpet
What challenges have these forces created at Red Carpet?

In: Operations Management

Better Mousetraps has developed a new trap. It can go into production for an initial investment...

Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.3 million. The equipment will be depreciated straight - line over 6 years to a value of zero, but, in fact, it can be sold after 6 years for $549,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year’s forecast sales. The firm estimates production costs equal to $1.60 per trap and believes that the traps can be sold for $6 each. Sales forecasts are given in the following table. The project will come to an end in 6 years, when the trap becomes technologically obsolete. The firm’s tax bracket is 35%, and the required rate of return on the project is 10%.

Year: 0 1 2 3 4 5 6 Thereafter
Sales (millions of traps) 0 0.6 0.8 1.0 1.0 0.5 0.3 0

Suppose the firm can cut its requirements for working capital in half by using better inventory control systems. By how much will this increase project NPV? (Enter your answer in millions rounded to 4 decimal places.)

In: Finance

Better Mousetraps has developed a new trap. It can go into production for an initial investment...

Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.3 million. The equipment will be depreciated straight - line over 6 years to a value of zero, but, in fact, it can be sold after 6 years for $549,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year’s forecast sales. The firm estimates production costs equal to $1.60 per trap and believes that the traps can be sold for $6 each. Sales forecasts are given in the following table. The project will come to an end in 6 years, when the trap becomes technologically obsolete. The firm’s tax bracket is 35%, and the required rate of return on the project is 10%.

Year 0 1 2 3 4 5 6 thereafter
Sales (Millions of traps) 0 0.6 0.8 1.0 1.0 0.5 0.3 0

Suppose the firm can cut its requirements for working capital in half by using better inventory control systems. By how much will this increase project NPV? (Enter your answer in millions rounded to 4 decimal places.)

Change in NPV?

In: Finance

Scraper tare (empty) 72000 kg Average load carried 31 m3 Density of material, in bank 1650...

Scraper tare (empty)

72000 kg

Average load carried

31 m3

Density of material, in bank

1650 kg/ m3

Load factor I

0.7

Distribution of load to driving wheels (% of gross weight)

57 %

Uphill grade on haul road, loaded

4 %

Traction coefficient, haul road

0.53

Rolling Resistance Factor, loaded

0.38 kN/t

Average speed, haul

15 km/hr

Haul distance

1020 m

Average speed, return empty

44 km/hr

Return distance (by different route)

1130 m

Efficiency factor (operator and scraper together)

42 min/hr

Fixed time is made up of:

Spot time

0.8 min

Load time

2.9 min

Dump time

1.4 min

a) Calculate the gross vehicle weight (GVW) (kg)

(Answer in kg)

b) Calculate maximum tractive force (kN) on road at driving wheels when loaded

(Answer in kN)

c) Calculate the effective grade % on the haul road.

d) Calculate total resistance (kg) while hauling.

e) Calculate the total cycle time (minutes).

f) Calculate production rate, in Bank m3/hr.

In: Civil Engineering

A patient is admitted to the ICU with severe necrotizing pancreatitis. A few hours after admission,...

A patient is admitted to the ICU with severe necrotizing pancreatitis. A few hours after admission, he developed increasing oxygen requirements and was intubated for hypoxemic respiratory failure. Initially, his oxygen saturation improved to the mid-90% range on an FiO2 of 0.5 (50%), but in the past 2 hours, the nurse has had to increase the FiO2 back to 0.7 (70%) and his SaO2 is still in the lower 90% range. The patient remains on a PEEP of 5 cmH2O. The respiratory therapist drew an ABG which shows pH 7.35, PCO2 38, PO2 60, HCO3 - 22 on an FiO2 of 0.8 (80%). The patient's repeat chest x-ray is shown a "ground glass appearance". An echocardiogram performed earlier in the day revealed normal left ventricular function.

How do you explain his worsening oxygenation status?

What can you do to improve his oxygenation?

What other changes should you consider making in the ventilator settings?

If his oxygen saturation fails to improve despite being on high levels of support (i.e., FiO2 of 1.0 and 20 cm H2O of PEEP), what other options do you have for improving his oxygenation?

In: Nursing

2. Geniue Antique Egyptian Artifacts, Inc. produces three varieties of antique artifacts for sale to tourists:...

2. Geniue Antique Egyptian Artifacts, Inc. produces three varieties of antique artifacts for sale to tourists: statuettes, lamps, and urns. All of the artifacts include special clay. A statuette requires 13 ounces of clay, a lamp uses 18 ounces, and each urn takes 17 ounces. Existing capacity of clay is 28,000 ounces per month. A special material is also used to produce the three artifacts, with each statuette needing 0.8 ounces, each lamp 0.7 ounces, and a typical urn requiring 1.0 ounces. The company has inventory of 1,200 ounces of special material per month. The owner of the company wishes to maintain a balanced marketing program, and has ordered that production of statuettes to be limited to 275. The overall per unit profit for artifacts is the following: $199 per statuette, $99 per lamp, and $145 per urn. The owner wants to know how much of each type of antique to fabricate monthly in order to optimize profit.

a. What are the objective function, decision variables, and constraints for this optimization problem?

b. Develop an Excel spreadsheet and use Excel-Solver to find an optimal solution for this problem.

c. Describe the optimal solution in words.

In: Accounting

The following are the P/E ratios, growth rates, beta and payout ratios of some firms in...

The following are the P/E ratios, growth rates, beta and payout ratios of some firms in the same industry
Company P/E Ratio Growth rate Beta Payout
BOE 17.3 3.50% 1.1 28%
GD 15.5 11.50% 1.25 40%
GMH 16.5 13.00% 0.85 41%
GRU 11.4 10.50% 0.8 37%
LK 10.2 9.50% 0.85 37%
LG 12.4 14.00% 0.85 11%
LR 13.3 16.50% 0.75 23%
MM 11 8.00% 0.85 22%
MD 22.6 13.00% 1.15 37%
NR 9.5 9.00% 1.05 47%
RY 12.1 9.50% 0.75 28%
RW 13.9 11.50% 1 38%
TH 8.7 5.50% 0.95 15%
UI 10.4 4.50% 0.7 50%
A. Estimate the average and median P/E ratios. What, if anything, would these averages tell you?
B. An analyst concludes that firm TH is undervalued, because its P/E ratio is lower than the industry average. Under what conditions is this statement true? Would you agree with it here?
C. Now use a regression methodology to estimate the P/E ratio of company TH.

In: Accounting

Use the following information to answer questions 26 to 29. In October 1998, 30% of employed...

Use the following information to answer questions 26 to 29. In October 1998, 30% of employed adults were satisfied with their chances for promotion. A human resource manager wants to determine if this percentage has changed significantly since then. She randomly selects 280 employed adults and find that 112 of them are completely satisfied with their chances for promotion. Is there sufficient evidence to conclude that the percentage of employed adults satisfied with their chances for promotion is significantly different from the percentage in 1998, at the α = 0.1 level of significance?

The null and alternative hypothesis are: A. H0: p = 0.3 versus H1: p ≠ 0.3 B. H0: p = 0.4 versus H1: p ≠ 0.4 C. H0: p = 0.3 versus H1: p < 0.3 D. H0: p = 0.3 versus H1: p > 0.3 5 puntos PREGUNTA

27 The t statistic is equal to: A. z = 1.65 B. z = -1.65 C. t = 3.65 D. t = -3.65

PREGUNTA 28 The critical value is equal to: A. t = ± 3.65 B. z = ± 1.65 C. z = 3.65 D. z = -1.65

PREGUNTA 29 The conclusion is to Reject the Null Hypothesis Verdadero o Falso

In: Statistics and Probability

4-2 Short Paper: Major Contributions of Minority Groups Assignment Task: Submit to complete this assignment Trace...

4-2 Short Paper: Major Contributions of Minority Groups Assignment Task: Submit to complete this assignment Trace some of the major contributions of an ethnic or "minority" group to U.S. culture, for example, to music, the arts, dance, or theater. There are many other possibilities! Develop your composition based on an area of interest to you in the arts.

In: Nursing

A Theater has n numbered seats, and n tickets are distributed among n persons. Compute the...

A Theater has n numbered seats, and n tickets are distributed among n persons. Compute the probability that

(a) exactly two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random.

(b) at least two persons will be seated at seats corresponding to their ticket numbers if all the seats are occupied at random.

In: Math