Choose a real-world example of someone you would describe as a great leader. Examples would include; Steve Jobs, Colin Powell, Mahatma Gandhi, Elon Musk, Margaret Thatcher, etc. Prepare a 500-word essay describing their leadership successes as they relate to the "sources and types of power" discussed in chapter 8. Be sure to address their source of leader power (person vs position), type of leader power, and the overall impact of such power upon their leadership efforts.
-Power of the Position Based on what leaders can offer to others Reward power is the capacity to offer something of value as a means of influencing others: “If you do what I ask, you will be rewarded.” Control over pay, promotions, and parking places are examples of reward power. Coercive power is the capacity to punish as a means of influencing others: “If you don’t do what I ask, you will be punished.” Coercive power is leadership by fear and intimidation. Legitimate power is the capacity to influence others by virtue of formal authority or the rights of office: “Because I am the leader, you should do as I ask.” Examples are the boss who assigns jobs, the coach who decides plays, the captain who gives orders, and the teacher who assigns homework. Information power comes from having access to data and news of importance to others: “I have important information, so you should do as I ask.” Keepers of standards, rules, and regulations have information power.
-Power of the Person Based on how leaders are viewed by others Expert power is the capacity to influence others because of expertise, specialized knowledge, or skill. A mechanic, actor, or lawyer may be influential because she is recognized as the best in her profession. Ability in an art, science, a profession, or a trade are examples of expert power. Referent power is the capacity to influence others because of their desire to identify with the leader. Unselfish motives and virtuous character raise trust and respect. Being admired as a role model brings referent power. Rational power is the capacity to influence others because of well-developed reasoning and problem-solving ability. Intelligence increases rational power. Charisma power is the ability to motivate and inspire others by force of personal traits, including optimism, sense of adventure, and commitment to a cause. Charisma power transforms people to achieve superior performance.
In: Operations Management
You are a financial manager for Zoom Corp., which manufactures
bicycles. In the most recent fiscal year,
Zoom manufactured and sold 20,000 bicycles. Wheels, seats, and
brake calipers are three components of
the bicycles currently manufactured by Zoom. Three different
vendors have proposed to provide those
components to Zoom, and quoted prices (including shipping) for
their delivery. Your task is to determine
which, if any, of these proposals should be accepted.
Prepare a make vs. buy incremental analysis for each possible
course of action in an Excel worksheet. Your
grade will be based on the correctness of your answers, as well as
the use of Excel. That is, where possible,
you should use formulas to get your answers, rather than keyed-in
values. See your instructor for help with
Excel basics if you need it.
In a Word document, prepare a memo stating which of the
proposals you suggest accepting, as well as the
basis for your conclusions. Also identify any nonfinancial factors
you should consider before accepting any
of the outsourcing proposals.
Below is cost data for Zoom's production of wheels, seats, and
calipers. Outside suppliers have offered to
provide wheels for $6.90, seats for $9.39, and calipers for $2.14
per piece. Both wheels and seats are branded
with the Zoom logo, and that logo will need to be added at the Zoom
factory at a cost of $0.50 each for any
of these components that are outsourced. For all three components,
75% of the fixed costs are avoidable, and
will be eliminated if the component's production is outsourced. In
addition, seats and calipers are both
produced out of the same small factory space. If both seats and
calipers were outsourced, Zoom could lease
the space out and increase net income by $6,000 per year, while
eliminating all fixed costs for the two
components.
| Wheels | Seats | Calipers | |
| Cost category | |||
| Direct materials | $138,000 | $54,500 | $87,500 |
| Direct labor | 97,000 | 71,500 | 44,500 |
| Variable overhead | 21,000 | 14,000 | 16,000 |
| Fixed overhead | 60,400 | 36,600 | 31,400 |
| Total cost | $316,400 | $176,600 | $179,400 |
| Units produced | 40,000 | 20,000 | 80,000 |
| Cost per unit | $7.91 | $8.83 | $2.24 |
Hints: Prepare incremental analyses for each component
separately. Make wheels vs. buy wheels, etc. Since
there are additional implications to outsourcing both seats and
calipers, do a make vs. buy analysis assuming
both are outsourced. A correct solution, then, will likely have at
least four incremental analyses.
In: Accounting
Leighton Beridon owns "Jeemp Farms", located near Weimar, TX. The farm produces pecan trees and sod. He has so many orders from the Houston metropolitan area that he is able to sell all his inventory each year, but he is not netting as much as he has in past years. His daughter, Liesl Beridon, came home from college over Thanksgiving and mentioned ABC costing, which she learned about in her cost accounting class. Mr. Beridon does not really know what ABC costing is and is skeptical as to whether it would be right for his business. He has hired your company to educate him about ABC and whether or not he should use an ABC system. Over the next few weeks, you will work towards helping Mr. Beridon decide what is the best route for his company to take. Shortly after you get started, Mr. Beridon sends you an email stating that he feels he needs to discontinue the sod portion of his business and focus on his tree sector, as he can charge more per tree than he can charge for a foot of sod. He sends you an email stating, "I can charge so much more for a tree than a foot of grass. Therefore, I am planning on discontinuing the sod portion of the business immediately as I make so much more on the trees! I am going to plant all my sod acres with trees". Write a 700- to 1,050-word paper plan for your boss explaining how you will analyze Jeemp Farms. Include the following: Prepare an argument convincing him to hold off on his decision and see the results of your analysis first. As you have not had time to do any analysis yet, you need to convince Mr. Beridon to wait on whether to discontinue his sod business. Project potential benefits Mr. Beridon could gain from using an ABC system. Explain how ABC creates these benefits. Your team is planning on conducting an analysis of whether ABC would be beneficial to Mr. Beridon. Create a process for conducting this analysis. Include the following:
How could you apply the data in the company's general ledger?
In: Accounting
Case study:
In order to direct decision-making, a relatively young cosmetics company, which sells a range of organic and eco-friendly beauty products, decides to investigate the impact of their marketing strategy. As the company is only five years old, there has been significant investment in advertising and marketing their brand. In order to assess the impact that their marketing initiatives have had, they have implemented a four-month survey-research project in order to determine how their customers heard about their brand. Each customer was asked to complete a five-minute survey upon making an online order. The results were analysed, and it was determined that the customers heard about the company through the following means:
These results were compared to the amount of money spent on their three means of advertising: Google AdWords, magazine print advertisements, and radio advertising. Furthermore, the researchers compared their marketing approach to that of other cosmetics and holistic-living companies.
As the money spent on print advertising accounts for nearly 40% of their marketing spend, and radio advertising for 15%, the return on investment is very low, and thus a new strategy is needed. After interpreting all the data, the researchers suggest that the company should vastly reduce spending on print and radio advertising, and increase their investment in online advertising, including Google AdWords and Facebook advertising. Furthermore, with a shift in focus towards digital marketing, the company might need to re-structure their marketing department, and consider employing a digital marketing manager.
Answer Template:
Having read the case study, write a paragraph of 500 words in which you address the following:
In: Operations Management
Assignment Tasks This assignment consists of three parts as follows :
Part 1:
Write a report of 300 words that covers the following:
Fixed Cost
Variable Cost
Profit
Part 2 :
Solve the following questions by completing the required calculations:
A factory has fixed cost of RO 10,000 and produces 500 units of a product at a variable cost of RO 75 per unit. Calculate Total Cost of the factory
Calculate variable cost per unit for a factory that has a fixed cost of RO 13,200 and produces 25 units of a product at total cost of RO 32,000
A company is producing 20 products with variable cost 47 per item. The selling price 102 O.R per item. Calculate the following assuming fixed cost is 1050
o Total Cost
o Revenue
o Profit
Part 3
Assume that you will start a new business and establish a new organization, write a report of 500 words that covers the following point about your future organization:
Draw Organizational structure for the organization
Identify 4 potential stakeholders for the organization and discuss their role in the organization development
Do a PESTLE Analysis for your organization at the current time
Rules & Regulations:
Total words count for the whole assignment should be between 800- 1000 words
All resources should be cited using CU Harvard style.
The final assignment must have a Title page, Table of Contents, References/ bibliography using CU Harvard Style and page numbers.
Introduction and conclusion are not required.
Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of the faculty.
Softcopy in word format is to be submitted through Turnitin link.
Viva might be conducted after the assignment submission as per the dates informed earlier.
Refer to the marking rubric for marking criteria for report and presentation.
Guidelines:
Assignment must be computer typed.
Font - Times New Roman
Font – Style - Regular
Font - Size - 12
Heading should be with Font Size 14, Bold, Capital and Underline.
Each student has to do the assignment individually
You can refer books in eLibrary or use internet resource. But you should not cut and paste material from internet nor provide photocopied material from books. The assignment answers should be in your own words after understanding the matter from the above resources.
In: Economics
Treena is a personable student in Mr. Jordan's math class. Mr. Jordan can see that Treena is popular with her peers. He regularly sees her conversing animatedly with her friends in the cafeteria and before and after school. She does well in class also. Her homework is always on time and is usually well done. Her scores on tests generally range from 85 to 100%. She regularly volunteers to work problems on the board or to answer questions in class. In short, Treena is a good student who does everything that is expected of her. One day Mr. Jordan asks for volunteers to complete a problem at the board. Treena's hand shoots up and Mr. Jordan calls on her, "Treena, have a go at it". Treena approaches the board and examines the problem. She looks puzzled but begins to work it. She makes an error that will severely impact the final answer. Several other students begin to snicker. "That's enough", warns Mr. Jordan, Let Treena finish in peace". Treena's heart begins to beat faster. Her skin becomes flushed. She begins to perspire. The other children in the class begin to fidget. Some begin snickering again. After several seconds of standing at the board, but doing nothing, Treena runs out of the room in tears. "I can't do this, Mr. Jordan, I just can't", she says through her tears as she leaves. Mr. Jordan follows Treena and manages to calm her down. He reassures her that all students make mistakes and that there is no shame in it. He then asks that she return to class, which she does. After this, Treena no longer participates in Mr. Jordan's class. Once in Ms. Crauser's class, she begins to answer a question and freezes. The information seems to vanish from her head as she begins to talk. After that she no longer participates in any of her classes. When asked to do so, she simply looks down at her desk, refusing to say a word. After reading the case, please answer the following questions: What are the issues in this case? Please be specific. Analyze this case from a classical conditioning perspective. Please be specific. Analyze this case from an operant conditioning perspective. Please be specific. Develop a plan to help Treena, using principles of both classical and operant conditioning and social cognitive theory. Please be specific.
In: Psychology
In: Operations Management
Baxter Equipment Company - Income Statement for Years Ending December 31st
Note: All figures add 3 zeros ($000)
| 2019 | 2018 | |
| Net Sales | $3,000 | $2,850 |
| Costs & Expenses | ||
| Labor and Materials | $2,544 | $2,413 |
| Depreciation | $100 | $90 |
| Selling | $22 | $20 |
| G & A | $40 | $35 |
| Leases | $28 | $28 |
| Total Costs | $2,734 | $2,586 |
| Operating Profit | $266 | $264 |
| Interest Expense | $66 | $47 |
| Federal & State Taxes | $80 | $87 |
| Net Income | $120 | $130 |
| Preferred Dividends | $8 | $8 |
| Earnings | $112 | $122 |
Baxter Equipment Company - Balance Sheet for Years Ending December 31st
Note: All figures add 3 zeros ($000)
| 2019 | 2018 | |
| Assets | ||
| Cash | $50 | $55 |
| Marketable Securities | $0 | $25 |
| Accounts Receivable | $350 | $315 |
| Inventories | $300 | $215 |
| Total Current Assets | $700 | $610 |
| Plant & Equipment (at cost) | $1,800 | $1,470 |
| Less Ac. Depreciation | $500 | $400 |
| Net Plant & Equipment | $1,300 | $1,070 |
| Total Assets | $2,000 | $1,680 |
| Liabilities & Stockholder Equity | ||
| Accounts Payable | $60 | $30 |
| Notes Payable | $100 | $60 |
| Accruals | $140 | $130 |
| Total Current Liabilities | $300 | $220 |
| Long-Term Debt (loans) Total | $800 | $580 |
| Total Liabilities | $1,100 | $800 |
| Preferred Stock [20,000 shares, ($1 par)] | $20 | $20 |
| Common Stock [50,000 shares, ($1 par)] | $50 | $50 |
| Paid in Capital in excess of Par | $80 | $80 |
| Retained Earnings | $750 | $730 |
| Total Stockholders Equity | $900 | $880 |
| Total Liabilities & Stockholder's Equity | $2,000 | $1,680 |
a. What was the company's depreciation expense for
2019?
b. What were the company's current ratios for both 2018 and 2019?
c. Was the current ratio for year 2019 better or worse compared to 2018 (a one word answer please)
d. What was the company's inventory turnover for 2019?
e. What was the average collection period (2019) for their accounts receivable?
f. What was their marginal tax rate?
g. How many shares of common stock did they sell in 2019?
h. What was their EPS?
i. How much did they pay in common stock dividends?
j. What was their "TIE" (times interest earned) for 2019?
In: Finance
13.1 Radical Rewrite: Rescuing a Slapdash Résumé (Obj. 4)
The following poorly organized and written résumé needs help to remedy its misspellings, typos, and inconsistent headings.
Your Task. By using the information in the resume, revise Isabella’s resume into a correctly formatted one-page chronological resume.
RESUME OF ISABELLA R. JIMENEZ
1340 East Phillips Ave., Apt. D Littleton, CO 80126
Phone 455-5182 • E-Mail: [email protected]
OBJECTIVE
I am dying to land a first job in the “real world” with a big profitable company that will help me get ahead in the accounting field.
EDUCATION
I graduated from East High School, Denver, CO in 2009.
AA degree from Arapahoe Community College, Littleton, Colorado during fall 2013.
Now, I am pursuing a BA in Accounting at CSU-Pueblo, majoring in Accounting; my minor is Finance. My expected degree date is June 2015.
ACHIEVEMENTS
· Named Line Manger of the Month at Target, 08/2009 and 09/2010
· Obtained a Certificate in Entry Level Accounting, June 2012
· Chair of Accounting Society, Spring and fall 2013
· Dean’s Honour List, Fall 2014
· Financial advisor training completed through Primerica (May 2014)
· Webmaster for M.E.Ch.A, Spring 2015
SKILLS
Word processing, Internet browsers (Explorer and Google), Power Point, Excel, Type 40 wpm, databases, spreadsheets; great composure in stressful situations; 3 years as leader and supervisor and 4 years in customer service.
EMPLOYMENT
Mr. K’s Floral Design of Denver. I taught flower design from August, 2008 to September, 2009. I supervised 5 florists, made floral arrangements for big events like weddings, send them to customers, and restocked flowers.
Target, Littleton, CO. As line manager, from September 2008-March 2012, I supervised 22 cashiers and front-end associates. I helped to write schedules, disciplinary action notices, and performance appraisals. I also kept track of change drawer and money exchanges; occasionally was manager on duty for entire store.
Primerica Financial Services, Pueblo, CO. Worked part-time (January 2014-present) as Financial Consultant to assist clients in refinancing a mortgage or consolidating a current mortgage loan and also to advice clients in assessing their need for life insurance.
In: Operations Management
The purpose of this assignment is to assess personal value in light of professional goals.
In the same way that an organization performs with greater intention and cohesiveness when its employees and stakeholders are all working with a communal sense of purpose toward a shared goal, you will be able to better and more successfully shape your future when you have a clear idea of who you are, the value you offer, and what you ultimately want to achieve. Your personal vision provides the framework for your goals by reflecting your aspirations for the individual you hope to become. And more concretely, your personal mission defines the areas in the industry where you intend to compete and the customers you intend to serve.
Together, your vision and mission statements offer a foundational identity, defining who you intend to serve and in what capacity (your mission), and how those elements will help you shape your intended future (your vision).
Based on what you have read in the study materials, develop your own personal vision and mission statements from the perspective of yourself as a business professional, supported by a goal plan that will enable you to achieve your vision in the next 5 to 10 years.
Include the following in your 1,000-1,250-word response:
In: Operations Management