buy custom Buy Custom OPERATIONS MANAGEMENT Essay Sample

buy custom Buy Custom OPERATIONS MANAGEMENT Essay Sample Operations Management Operations management is a transformational process of such inputs as resources, labor force, and energy into outputs. This sphere of management is essential for any organization, especially for the ones that operate at a global level. The main components of operational management involve: business planning, capacity management, scheduling, corporate strategy and strategic management. It is highly important for any organization to develop vision and mission that would comply with operation management tactics to be able to compete with other global organizations. Before the emergence of the operation management theory, organization focused more on enhancing labor force and increasing workers productivity. However, the ignorance of managing human resources and excess focus on task accomplishment did not provide significant results. Thus, the evolution of the production system has given a rise to enterprise resource planning and operations management. The final outcomes of this development included the necessity to meet clients demand and deliver high-quality goods and services. Further analysis of operations management refers to the definition and components. Specifically, the researchers define the area as the one that contributes to the companys greater flexibility and readiness to changes. Capacity management is also essential for managing external challenges, such as rigid competition in the global market place. As per business planning, the emphasis has been placed on the development of new solutions to adjusting resources flow to such elements as geographic location, time, and terms of delivery. The best practices in operations management are represented through such famous companies as American Express and Ford Company. These global producers of goods and services attain much importance to the quality of goods through the organization of supply chain management. With regards to these examples, operations management plays an important role in sustaining a competitive advantage. This is of particular concern to cultural, political, and social dimensions.

ON THE IMPORTANCE OF ENTERING CONTESTS

ON THE IMPORTANCE OF ENTERING CONTESTS Entering contests is an important component of any working writer’s outreach and promotions plan. Although it may seem that winning a contest is a long shot, that’s not necessarily true. Most contests (but not all) charge an entry fee, so the cost of entering should be weighed. Pick and choose carefully and be sure to match your entry to the focus and intent of the contest. I have entered my work in contests for years and have rarely won. Rarely is not the same as never. One of the few contests I won was a big one. My novel Memories from Cherry Harvest won the Frances Fabri Literary Prize. The award was a standard publishing contract with Counterpoint Press, a generous advance, and a dedicated marketing budget. There was no entry fee for this contest. The Fabri Prize Selection Committee is comprised of Matt McKay at New Harbinger Books, his wife Jude, and Tom Southern at Boaz Publishing. (More information about the Fabri Prize is available at the Boaz website.) Memories from Cherry Harvest appeared in print in June 2012. I spent about 20 years working on this book and I could wallpaper my living room with the rejection notices I have received for it. I have been submitting the manuscript to agents and publishers for 10 years and have been entering it in contests steadily since 2006. My eventual success at getting it into print is a lesson in perseveranc e and it demonstrates the importance of entering contests. There are many types of writing contests. Entering contests with short essays, short fiction, and poetry is an important way to build your credentials, to get your name out into the world, and to contribute to your platform as a recognized working writer. Remember that even if you don’t win, someone read your work, and you never know when that connection might evolve into a larger success for you in a different way than you expected. Also, consider the fact that reading tastes are subjective Memories from Cherry Harvest is not my first book in print. In 2007 I self-pubbed my children’s fantasy adventure The Call to Shakabaz under my own Woza Books imprint. I mention this because I want to point out that entering contests with Shakabaz was part of my marketing plan for the book. Whenever the book won an award, I used it as an occasion to send out press releases and email blasts and to bring the book back into the spotlight. Additionally, many contests have their own promotional mechanisms and that translates into free publicity for the winners. There’s an old Jewish joke that goes something like this:    There was once a good and pious man named Morty who was very poor. His life was difficult. One day he turned his eyes heavenward and pleaded with God, â€Å"I’m a good man, I obey all your laws, so why don’t you help me out here, maybe send some money my way; why don’t you let me win the lottery?† Thunder and lightening pierced the heavens and a booming voice replied, â€Å"Morty, I feel for you, but you gotta meet me halfway- buy a ticket.† Here’s my advice:   You have to work really, really hard to be a successful writer; but remember to buy a ticket.  

Two behavioural finance problem sets related to Temporal Discounting Assignment

Two behavioural finance problem sets related to Temporal Discounting and Bayesian Learning vs Reinforcement Learning in Financial Decision making - Assignment Example The exponential discounting graph has a positive slope due to its positivity index. This person should sign an agreement in period zero due to income effect and substitution effect. The high interest rate increases income a certain amount of time. Therefore, increase in consumption during the first and second period makes the income effect of the borrower to be negative in the period. Additionally, due to substitution effect, the gross interest rate is relative to consumption price during period zero compared to period 1 and 2 (Nielsen, 2005). Hence, it will be more expensive in the first and second period compared to period zero. As such, for a person, a rise in interest rate in the first or second period may rise or reduce the rate during period zero. Assuming that Mr. Spout has an expected payout of $1 when he invests in stock A, Mr. Spout will not choose the guaranteed stock A. Stock has an expected uncertainty of 1/3; therefore, Mr. Spout will take his chances and invest in stock B. He will not have preference between investing in either stock A or investing in stock B (Forbes, 2009). To state this in a different way, Mr. Spout will later select the investment that has a higher expected return. Mr. Spout, will invest in stock B in future, since he does not consider taking into account the investment risk in his decision. As a Bayesian learner, Mr. Spout decision will be influenced by uncertainty knowledge and the time is linked through the process of learning of the stocks. As a risk neutral investor, Mr. Spout will be indifferent between investing in stock A or in Stock B. Since he has an experience in stock A, Mr. Spout will invest in stock B. As a Bayesian investor, Mr. Spout experimented in the first period and observed the results. Therefore, he will invest in stock B due to its uncertainty element attached to the stock. He will not have preference between

The United States Move to IFRS Essay Example | Topics and Well Written Essays - 750 words

The United States Move to IFRS - Essay Example One positive aspect of the IFRS is it allows the management of companies to have more desertion when it comes to asset valuation, which in turn can increase company income. In fact European companies, who made the switch from the GAAP to the IFRS in 2002, reported that eighty two percent of their companies had higher income under the IFRS than under the GAAP (Briginshaw, 2008). Due to this fact most would assume that investors would be for the switch, there are some other aspects to consider, however. One aspect is that the reports of higher incomes of these European companies came from the same year. So the companies actually had the same profits and expenditures, yet the IFRS reported a higher income yield than that of the GAAP which leaves some investors wondering how accurate the IFRS reports really are. This means that a dollar profit calculated under the IFRS will hold less meaning that one calculated under the GAAP so investors will have to change there way of thinking as far as profits are concerned. Also because the IFRS reports are not quiet as current as the GAAP are they will show less association between reported earnings and stock prices. Overall this means that investors are going to have to relearn and rethink how they read the reports they are given. This knowledge will in turn, however, give them more expertise in investing in companies outside the U.S. Multinational Companies For multinational companies who have long been dealing with converging the two sets of standards, this is a long awaited change. The switch to IFRS will allow them to coordinate all of their accounting systems under one set of guidelines whether the branch is located in the U.S. or another country. This will also be of use... The United States’ Move to IFRS The United States’ Move to IFRS The world of accounting seems to be on the precipice of undergoing a dramatic change in the United States. For more than seventy years the United States accounting system has relied on a set of generally accepted accounting principles known as the GAAP. These principles set out by the Financial Accounting Standards Board (FASB), guide accountants in preparing, presenting, and reporting financial statements for various entities, including: publicly-traded and privately-held companies, non-profit organizations, and governments. They are implemented by the Securities and Exchange Commission (SEC). The globalization of business and finance has led to over twelve thousand companies in more than one hundred nations to adopt an internationally recognized set of accounting principles known as the International Financial Reporting System (IFRS) (â€Å"International Financial Reporting,† 2010). With many of the United States’ companies expan ding overseas, and foreign corporations now purchasing companies in the United States, there has been a huge push for the United States to forgo there use of the GAAP and adopt the new IFRS standards. So on August 27, 2008 the SEC set out a road map for all U.S. companies to adopt the IFRS by 2014 and some of the large companies started adopting them as early as 2009. If the SEC calls for a higher standard in the IFRS before and while adapting it, then it seems to be a win for all countries and companies involved.

Pidgins and Creoles Essay Example | Topics and Well Written Essays - 1000 words

Pidgins and Creoles - Essay Example A sentence in pidgin lacks prepositions, articles, subordinate clause and auxiliary verbs that connect the subject. Pidgin sentences are a collection of verbs, nouns and adjectives. Though the idea is communicated well, the contextual detail in the information is lost while communicating through a pidgin. Pidgins usually develop into creoles. Creoles follow grammatical rules with common rules for speakers and have a structural format for sentences. The metamorphosis from a pidgin to creoles is viewed as a natural development to the persistence of the language (Stafford). In the creole sentence, 'But how child of uncle Oom do die then', it may be noted that the tense deviates from the standard use of the verb. The phonology is poorly constructed by using the verbs incorrectly, though the message is conveyed to the listener. The word 'do' is improperly used instead of the word 'did', since the reason for death should be asked in the past tense. The poor structure of the sentence and usage of grammar may be attributed to the incapability of the speaker to use the lexis. However, the usage of then at the end of the sentence gives a clear picture to the listener that the speaker is questioning an incident. While analyzing the sentence it... Even if the speaker has used proper grammar the words in the sentence should easily interconnect itself resulting in the usage of a proper lexis (Willis p.23). In the above sentence though the message is communicated through a collection of words, it does not give a pleasing sound to the listener thus substantiating that the sentence is a creole. While evaluating the sentence, 'Yes, be one nice question, TAG. Well, I PAST be at Novar,' the correct usage of lexis gains importance. The word nice is usually used as an adjective to appreciate the quality of a behavior or material. The poor organization of words thus denotes wrong use of phonology in a pidgin. In this creole, the word nice has been used instead of the word good. The incorrect usage of tense is again found in the sentence, I be at Novar, I be with one man, PAST IMP talk story with one man, where the word 'be' is used instead of was. The repeated use of the word 'man' indicates the wrong usage of lexis, since the creole speaker is less familiar with extensive vocabulary to use common words like 'guy' to refer to a person and therefore results in the poor usage of words or phonology differentiating the sentence from standard English. It is again noted in the sentence, 'Then one man ride come with one bike, but the man who come take me, he and the-pl DEM NEG be good' that the speaker has used two verbs consecutively. The words 'ride' and 'come' is used to communicate the arrival of a person denoting improper grammar, phonology and lexis. The speaker has used the native language in the sentence with no grammatical continuity. The sentence, 'Then the man stay at street then he IMP shout call

In what sense can we say that humans are uncomfortable with their own Essay

In what sense can we say that humans are uncomfortable with their own vision of the future and what mechanics do they use to cop - Essay Example But then, people would not consider this as the most normal attitude. In fact, the denigrating term ‘paranoid’ has often been applied to describe such individuals. Gripped in paranoia or not, the truth though is that people fear the future just as they fear the dark. This is because the future certainly has a darkness of its own. Even if people plan out in order to ensure that they gain success and happiness in the days or years to come, they are still not so sure about it. Therefore, they just do not seem to get contented with what they have done in preparation for the future. They continue to strive for means that would render them more capable for every possible challenge that the future brings. In Lauren Slater’s Dr. Daedalus, this point is well explained through the works and goals of Joe Rosen, a surgeon that dares to engage in plastic surgery not just for aesthetics but for new physical attributes to enhance the capabilities of man. Slater’s article apparently dwells on the positive effect of anticipating the future. However, fear of the future also has its negative implication. Obsessed with preparing for the future, man tends to reduce opportunities to be happy in the present. This is the argument raised by Adam Gopnik in his article Bumping into Mr. Ravioli. Both articles by Slater and Gopnik may not be entirely dwelling on the issue of the fear of the future but these can give valuable insights that point out how uncomfortable people can be with their visions of the future and how they try cope with it. People’s fear of the future is not without bases. First of all, even if the future does seem dark, there are reasons why people speculate. A number of times the speculations could be accurate, especially because of the well-developed characteristic of observing the way things and events evolve according to the law of motion. The sciences have also progressed greatly through the years, allowing people to grasp the poss ibilities based on current realities. In Dr. Daedalus, Slater discusses about the goal of Joe Rosen to develop wings for man. Slater obviously appreciates what Rosen is doing for people with deformities but even she could not help but take an ambiguous position regarding the aim of creating a winged man. Slater writes that Rosen’s â€Å"ideas of altering the human form are repugnant and delicious, and that’s a potent combination to unravel.† (321) Acknowledging the fact that man is perpetually in search of means to make life more convenient, Rosen sees the future in which the desire for easy travel is realized by having wings. This is indeed a wonderful prospect but the idea can also be absurd and even unacceptable if man also considers the body as sacred according to the tenets of his religion and traditions. Here lies one of the bases for being uncomfortable about the future; even as the future is inevitable, man simply cannot face it with an attitude devoid o f concepts that are much linked to the past. In fact, people even find it difficult to face the present in a more liberating manner because of influence or ideas that have been embedded in the mind for centuries already. The state of being busy is the sum of past and current attitudes as Gopnik explains. Gopnik writes that â€Å"busyness is felt so intently here because we are both crowded and overloaded† and that â€Å"we exit the apartment into a still dense nineteenth-century grid of street

The Art of Business in the 21st Century Essay Example | Topics and Well Written Essays - 1250 words

The Art of Business in the 21st Century - Essay Example Recognizing the value of information to the 21st century business, the paper recommends the use of ERP software for business. Every enterprise strives to be profitable and dominant in its industry, but it is only those firms that continually strive to understand their areas of operation through application of industry research and innovation that eventually register significant success. Michael Porter a professor at the Harvard Business School suggests a model that can enable business to understand the key drivers or factors, which can contribute to business success and competitive advantage. Porter’s value-chain model represents a framework that can enable a business analyze specific activities, which will create value and guarantee competitive advantage. First and foremost, the business has to analyze its inbound logistics and processes that include the processes of receiving goods and raw materials, storage and inventory control as well as transportation scheduling. The bus iness must aim at bringing efficiency and effectiveness by changing and improving inbound logistic processes. It therefore calls for innovation and creativity on the part of everybody within the organization. Inbound logistics represent one side of the coin, outbound logistics, which entails all the activities necessary to get the completed product to the clients, such as warehousing, order fulfillment, transportation and distribution management, must also be looked into. Streamlining inbound and outbound processes will guarantee efficiency. Another area that the business must seek to improve on a continually basis is its operations. This includes machining, packaging, assembly, equipment maintenance, testing and any other value-creating activities that seek to transform the inputs into the finished product (Porter 3). Customers need to be aware of the existing products that the firm produces. Therefore, marketing and sales department is an indispensable part any business that wants to be profitable. Sales and marketing entails all activities related with getting buyers to buy the product including pricing, channel selection, retail management advertising, selling and promotion. The business must also look into its service delivery. Service delivery involves all activities that aim at enhancing and maintaining a product's value. This also includes customer support, repair services, management of spare parts and upgrading. In addition to service delivery, the enterprise must streamline its procurement processes. These processes include the procurement of raw materials, servicing, spare parts, buildings and machines. A successful business also takes advantage of technology. Therefore, the business must be able to budget for technology development to support the value chain activities. Technology development initiatives may include research and development, process, automation as well as design and redesign. Lastly, the general management, legal, planning managem ent, finance, accounting, quality management, public affairs, which form the firm's infrastructure must be aligned in a way so as to provide for efficient business operation. Porter also continues to argue that a business is usually affected by a number of forces that will either act positively to ensure business success or if