Highlight Year, GDP and Consumption expenditure data including labels. Select Insert, and from Charts option, select line chart. On horizonatal axis, you should see, Years, plus GDP and Consumption expenditure trend lines AS you can see, GDP and Consumption lines lie practically on top of each other from 1929 through early 1960s before diverging. Write a short paragraph explaining why GDP (a measure of output) exceeded Consumption starting 1960s. What happened to the economy in early 60's that brought about divergence of output and consumption?

Regress Consumption against the GDP from the data sheet. Include the Excel ANOVA table.Although irrelevant run a "F" test as well as individual coefficient test . Write a short paragraph discussing the results. For example, how this information can be used to forecast future consumption or any other interesting conclusions you can draw Material in your textbook as well as outside reading can be very helpful

Nike was founded in 1964 by Bill Bowerman and Phil Knight in Beaverton, Oregon. It began as Blue Ribbon Sports (BRS). In 1972, BRS introduced a new brand of athletic footwear called Nike, named for the Greek winged goddess of victory.

The company employs 26,000 staff around the world with revenues in fiscal year 2005 of $13.7 billion. It has facilities in Oregon, Tennessee, North Carolina, and the Netherlands with more than 200 factory stores, a dozen Nike women stores, and more than 100 sales and administrative offices.

Its subsidiaries include Cole Haan Holdings, Inc., Bauer Nike Hockey, Hurley International LLC, Nike IHM, Inc., Converse Inc., and Execter Brands Group LLC. As of May 31, 2004, manufacturing plants included Nike brand, with 137 factories in the Americas (including the United States), 104 in EMEA, 252 in North Asia, and 238 in South Asia, providing more than 650,000 jobs to local communities.

Objective

Nike grew from a sneaker manufacturer in the early 1970s to a global company selling a large number of products throughout the world. Nike’s sneaker supply chain was historically highly centralized. The product designs, factory contracts, and delivery are managed through the headquarters in Beaverton, Oregon. By 1998, there were 27 different and highly customized order management systems that did not talk well to the home office in Beaverton, Oregon. At that time Nike decided to purchase and implement a single-instance ERP system along with supply chain and customer relationship management systems to control the nine-month manufacturing cycle better, with the goal being to cut it down to six months.

Plan

The company developed a business plan to implement the systems over a six-year period, with multiple ERP rollouts over that time. The plan called for the implementation of the demand planning system first while working through the ERP system and supply chain implementation.

Implementation

The demand planning system was implemented first for reasons that made a lot of sense. The total number of users was small in comparison to the ERP system and was thought to be relatively easy to implement; however, this turned out not to be the case. When the system went live, there were a number of problems related to the software, response time, and data. In addition, training was not adequately addressed, causing the relatively small number of end users to use the system ineffectively. The single-instance ERP system and supply chain implementation plan differed from the demand planning system and called instead for a phased rollout over a number of years.

The ERP system implementation went much more smoothly. Nike started in 2000 with the implementation of the Canadian region, a relatively small one, and ended with the Asia-Pacific and Latin America regions in 2006, with the United States and Europe, Middle East, and Africa in 2002. This included implementing a single instance of the system, with the exception of Asia-Pacific, and training more than 6,300 users.

The total cost of the project as of 2006 was at $500 million—about $100 million more than the original project budget.

Conclusion: What was Learned?

The demand planning system interfacing to legacy data from a large number of systems that already did not talk well with each other was a root cause for misinformation and resulted in inadequate supply planning.

The demand planning system was complex, and end users were not trained well enough to use the system effectively.

System testing was not well planned and “real” enough to find issues with legacy system interfaces.

The overall business plan for all the systems and reasons for taking on such a highly complex implementation were well understood throughout the company. Thus, Nike had exceptional “buy-in” for the project and was able to make adjustment in its demand planning system and continue with the implementation. The goal was to ensure business goals were achieved through the implementation, and not so much to get the systems up and running.

Nike exhibited patience in the implementation and learned from mistakes made early in the process.

Training was substantially increased for the ERP implementation. Customer service representatives received 140–180 hours of training from Nike, and users were locked out of the system until they completed the full training course.

Business process reengineering was used effectively to clarify performance-based goals for the implementation.

Case Questions

1. How could OPM3 have helped to identify the problems with implementing the demand planning system?

2. What were the three primary reasons Nike was successful with the ongoing ERP implementation?

3. Why was a phased rollout the correct decision for Nike?

Situational Reactions

Read the following three situations. Describe what you would do in EACH situation. Integrate the elements of reasoning and intellectual standards in your writing to show an understanding of the material behind your personal example

Your essay should be 500-750 words in length and include the use of at least two (2) elements of reasoning and two (2) intellectual standards for EACH of the three (3) scenarios you will be discussing.

Do not worry about your answers being right or wrong – your work will be evaluated on its connection to the material – not the behavior you would engage in if you found yourself in these situations.

Scenario A: You are a soldier in the U.S. Military and are deployed in a foreign country during a war. A raid on a suspected military target went wrong, and your squad opened fire on several innocent people. Your commander asks you and the rest of the squad to make it look like they opened fire up on you first.

How would you respond?

How might your response change (or would it change) if the rest of your squad didn’t agree with you?

Scenario B: As a new police officer, you pull someone over for speeding. You note some suspicious behavior and feel it is justified for you to search the offender’s vehicle. After searching the vehicle, you confiscate several ounces of marijuana, which is still illegal in the state you serve.

You realize that the computer system is down, so you cannot chronicle this bust until you return to the station. After learning this, your partner, who is a decorated officer with more than 15 years on the force, pulls you aside and tells you that his wife is sick and he could really use that marijuana at home for medicinal purposes to help her with her pain.

How would you respond to your partner?

Does it make a difference that he is a much more experienced officer?

Scenario C: Your child, Johnny, is a senior in high school, and has, up until this year, earned very good grades in his coursework. Because of his academic achievement, he has been awarded a full academic scholarship to a good university.

Now, Johnny has a first-year teacher who assigns work that seems inappropriately difficult, and Johnny is struggling. Though his grades in his other classes are exceptional, he will need to earn a C or better for this class if he hopes to keep his scholarship, and it all hinges on his score on the last assignment in this difficult class.

The assignment is on a topic that your professor did her graduate work on, so you know there’s no way a high schooler should be expected to do well in this assignment. Still, if Johnny doesn’t ace this assignment, he will not earn a good enough course grade to keep his scholarship.

Do you actively help him complete the assignment, or do you let him do it himself, knowing that without your help he will fail the assignment, not because he isn’t smart enough or dedicated enough, but because the assignment is inappropriately difficult?

Your completed assignment should be written primarily in first person and should be 500-750 words in length. If you use sources in your writing, be sure to identify them. If you use any direct language from a source, be sure to place those words in quotation marks.

PLEASE NO PLAGIARISM!!!!!! IN YOUR OWN WORDS PLEASE!!!!!

Historically firm financial managers predominately feel that:

a. dividends should be increased annually no matter what

b. the personal taxes of their shareholders must be their primary consideration when setting dividend policy

c. once a dividend is increased, it should not be decreased

d. dividends should be flexible and adjusted annually in response to changes in the firms earnings

e. dividend smoothing is talked about but rarely affects dividend decisions

A cell phone tower manufacturer more than doubled its EPS by changing depreciation methods. In justifying the change, management supported the change as follows: In comparison to direct competitors, the previous depreciation method was more conservative and thus had a negative impact on earnings.

Comment on the appropriateness of making accounting changes to fulfill financial reporting objectives, Consider relevant ethical issues as well as GAAP in your response.

Identify a company or organization you regularly interact with (this can be your workplace, a retail store you frequently visit, the college you attend, the religious establishment you go to, etc.). Then respond to the following questions:

• Describe the current culture within this organization.
• What types of behaviors do you see? What norms and values are exhibited?
• What cultural changes would you like to see in this organization and why?

For Each of the following situations,

i) Write the Indirect Utility Function

ii) Write the Expenditure Function

iii) Calculate the Compensating Variation

iv) Calculate the Equivalent Variation

U(X,Y) = MIN (X, 3Y). M = $40. Initially, PX = 1 and PY = 1. Then the Price of X changes to PX = 3.

i) Indirect Utility Function: __________________________

ii) Expenditure Function: ____________________________

iii) CV = ________________

iv) EV = ________________