Birchfield Bread and Breakfast Essay Example | Topics and Well Written Essays - 3250 words

Birchfield Bread and Breakfast - Essay Example This essay stresses that there are some small lodging facilities in this region which have the blessings to be established in the beautiful places of Honolulu. Birchfield can acquire these to expand its business at a large scale. This has been recommended considering the projected increase in the tourist arrivals in the next years. Moreover, in such a way Birchfield would be able to remove some of its competition. At the same time, by acquiring these small lodging establishments it can compete against the large establishments in this region. This paper makes a conclusion that Birchfield Bed and Breakfast has been in operation for the last two years. However, recently it has been experiencing a slowdown in its guest arrivals. As a consequence, in the last year the company experienced a considerable amount of loss in its operation. It is high time for the company to pull off all its resources to enhance its services by offering its customers a comfortable luxury experience with all required amenities. Moreover, the establishment is required to be more focused on its marketing and promotional activities as the competition in this industry is real high. It is very much important to make people aware of the quality services, delicious food and beverages offered by Birchfield. The establishment must drive its resources to carry out a well developed marketing plan to retain its customer base and at the same time to ensure new arrivals.

Enron Scandal Case study Essay Example | Topics and Well Written Essays - 1250 words

Enron Scandal Case study - Essay Example Basically those businesses prosper that have implemented systems to enhance the faith of the shareholders via transparency, responsibility and fairness (Raghavan, 2010). Carrying out of ethical business conduct would mean accepting and practicing sound corporate governance. The role of auditors is also vital in bringing good corporate governance (Fan & Wong, 2001). The main objective of the study is to identify the facts that led Enron to financial scandal and brought up to the surface a culture of corruption as well as greed. The role of the auditors and the corporate governance in such context will also be studied in adequate detail. The study will try to focus upon the main actor involved in the Enron case, the role of the organisation, the legal context and the prevention strategies that could have been followed in order to stop such fraudulent activities from taking place. Enron Case Enron is one of the best examples of unethical business practices conducted in an organisational context. It had been the seventh biggest business house in the United States. It dealt with ‘natural gas pipeline’ and was based in Houston. It filed for bankruptcy in the year 2001. The company was charged with security related frauds. It was noted that the employees and retirement accounts lost hundreds of millions of Dollars, when the stock price of Enron dropped from its height of US$105 to few cents and subsequently the company was de-listed by NASDAQ (Healy & Papelu, 2003). The company made use of complex and dubious accounting schemes in order to minimise its tax payments, to increase its income and profits, to increase its stock price and credit rating, to conceal losses in ‘off-balance-sheet subsidiaries’ and to falsely manipulate Enron’s financial condition in public reports (Munzig, 2003). In addition to hurting the confidence of the investors and generating questions regarding the continuity of a deregulated energy market, the crumple of Enron has hurried a complete re-examination of both the accounting industry as well as many other components of the corporate governance in America (Dembinski & et. al., 2006). It was noted that the company violated accounting standards that necessitated at least three percent of the company’s assets to be possessed by independent equity investors. By violating this requirement, the company was capable to evade the merging of these ‘special purpose entities’. Due to these, the balance sheets of Enron devalued its liabilities and exaggerated its equity and earnings. The company focused on minimum disclosure in relation to special purpose entities (Munzig, 2003). Role of Auditors in Enron’s Case The most significant question surrounding the Enron’s case is that how the Enron’s problem could remain hidden for such a long time. Most of the accusations for failing to realise Enron’s problem has been consigned to the auditor of the company, Arthur Andersen and to the ‘sell-side’ forecasters whose main duty was to work for brokerage, research firms and investment banking (Munzig, 2003). Role of External Auditors The external auditor of Enron, Arthur Andersen was blamed for practicing lax standards in their audits due to conflict of interest over consulting fees that was created by

Workplace violence and bullying Research Paper Example | Topics and Well Written Essays - 2000 words

Workplace violence and bullying - Research Paper Example In simplified terms, workplace violence is in physical forms and workplace bullying is in psychological forms. Workplace bullying is also part of workplace violence. Because of possible overlapping of discussion and there is yet no internationally recognized definition for workplace violence, this paper intends to treat the two terms interchangeably. However, difference between the two is to be recognized as strategies to prevent them may have to be in varying degrees (Barron, 2013). Workplace violence and bullying has been recognized since 1990s as an organizational misbehavior or rather misbehavior in organizations. Organization misbehavior is a deliberate act on the part of the members in an organization that challenge and breach of organizational norms and expectations and/or core values of society, mores and standards of conduct which are fertile grounds for workplace bullying. It can be a workplace aggression or misbehavior or a parallel occurrence that is not subordinate or identical. Incivility which is a low-level violation of organizational conduct can turn into bullying overtime (Fritz, 2013). Bullying is characterized by frequency of the behavior, imbalance of power between the bully and victim, and hostile working conditions. Bullying has been defined as an aggressive behavior aimed at causing physical or psychological attack on others (Lipinski, Albright, & Fenclau, 2013). The book The Harassed Worker is the earliest study of workplace bullying by the psychiatrist Carol Brodsky in the 1970s by interviewing over 1,000 workers from California and Nevada who were making workers’ compensation claims but no interest was shown towards the book. It was only in 1980s that workplace bullying began to be studied by nursing professor Helen Cox who examined the abuse suffered by her nursing students at the hands of staff nurses in her institution leading to quitting the nursing

Macro Written Assignment Essay Example | Topics and Well Written Essays - 1500 words

Macro Written Assignment - Essay Example The latter on the other hand, augments the overall money supply in the economy more precipitously. Expansionary policies are conventionally utilized in the attempt of combating unemployment in an economic downturn. This is achieved by depressing the rates of interest with the intention of allowing easy credit to entice business expansion. Contractionary policies are expected to decelerate inflation so as to prevent the consequential distortions combined with the relapse of the values of assets (Weale, 2013). The United Kingdom public might expect a change in monetary policies because of the falling unemployment and economic recovery that the country is experiencing. The change anticipated to happen is the overhauling or revamping of the interest rate policy of the Bank of England. The interest rates are to be determined by unemployment, among other indicators. The introduction of the forward guidance policy kept the bank from increasing interest rates to beyond 0.5 per cent. The bank governor, Mark Carney, however, asserted that the policy needed revising because of the outstanding strong growth in employment. This adjustment involves rising rates of interest. This is to be done following the observation of such indicators as spare capacity within the economy, wages as well as productivity. The bank is to provide predictions on these range of indicators based on expectations of the market of 1.5 per cent increase by the year 2017. The Bank of England outlined its stratagems for alterations in rates of interest in the future. This could probably mean more suffering for the saving population but there would continue to be inexpensive mortgage rates. The Bank would only consider increasing the current low interest rate levels if either inflation or unemployment or both was no longer manageable. The stratagem or change in monetary policy known as the forward guidance would affect the main indicators in

Asian Americans fighting for their rights Essay

Asian Americans fighting for their rights - Essay Example This essay discusses that the crucial moment in the forming of the model minority myth is the actual productivity of Asian Americans. And it is not the matter of race, but more of the upbringing: there is no belief among Asian American kids that the math is an inborn talent – everything can be learned. They strive harder than Whites do, become better, meet higher social expectations and have to strive harder – it becomes a vicious circle (The Model Minority Is Losing Patience). The issue is not in Asian excellence, but in the racial inequality that artificially creates seemingly equal conditions under the point that the measurement sample is White. This stereotype may sufficiently harm the Asian American students themselves.The model minority is a myth artificially inspired by the post-war times. This myth encompasses the variety of reasons: actual efficiency prescribed by both upbringing and cultural influence, the seemingly long-gone prejudice of the alien nature of A sians, the cultural-social urge to seek the living embodiment of the American dream, the racial bias of the society that allows the permission of not accepting students under their race, disproportional statistics conduction. The historical lesson accepted by American Asians taught them the things that White children have long forgotten –fighting. The actual situation regarding the social state of Asian Americans remains the same: they are the alien nation that strives to preserve the rights that are inherent to each American – but not to each Asian American.

Research paper on unemployment Essay Example | Topics and Well Written Essays - 1500 words

Research paper on unemployment - Essay Example According to BLS, those who are qualified for employment are those civilians aged 16 years and above. The employed are those aged 16+ and were working for pay during the survey period or those who did at least 15 hours unpaid work in family owned enterprises. The unemployed on the other hand, refer to those who did not have a job but had been actively looking for work four weeks prior to survey and are currently available to work. The labor force comprises all those employed and unemployed and these amounted to 155 million people out of U.S population of approximately 315 million people in 2013 (BLS, nap). Those not looking for a job such as the retired or schooling are not part of the labor force since they are neither employed nor unemployed. For those who are involuntarily unemployed, they receive government benefits in the form of unemployment insurance (UI) to compensate for lost income (Bakke 734). However, the voluntarily unemployed comprising of those dismissed for gross misc onduct, those who leave work without a good cause, and those who refuse to work do not qualify for UI. The UI eligibility rules also exclude independent contractors, self-employed and agricultural laborers. The basic duration of regular state benefits in U.S is 26 weeks (737). The problem with these definitions is that they ignore those who have given up looking for work but are willing to work and also those in part-time employment and would like to engage in full-time employment as they are counted as employed. Furthermore, the BLS telephone surveys which are carried out every month do not consider those who do not have telephones especially the poor hence they may not be representative of the population. However, over time the results reflect what is happening in the economy and now the big question is; what causes unemployment? One of the major factors that cause unemployment is the

Pearl River Piano Company Essay Example for Free

Pearl River Piano Company Essay Pearl River Piano Group (PRPG) was established in 1956 by bringing together six small piano shops in Guangzhou. The group of 100 employees produced only 13 pianos that year. After many attempts, Guangzhou technicians were finally satisfied with the tone color and quality of its first manufactured piano, and in a short time it was sold in Hong Kong. It would be twenty years before the factory was able to prove its potential. As a State -owned enterprise PRPG is accountable to the Guangzhou municipal government. Investments from both Yamaha and Steinway Sons have played a key role in the expansion of their production. In addition, PRPG has bought the German piano brand Ritmuller and will be expanding in the European market. Guangzhou, located at the north of the Pearl River delta, is an important trading center as well as a busy port and the capital city of the province of Guandong . The city has an area of over 16,000 square kilometers and a population of 6.7 million. Guangzhou is also one of the most important centers of foreign commerce in South China. There are a lot of interesting legends concerning its past. One of the beautiful stories which gives the city its name Goat Town says that five gods riding on five goats brought the first grain to the city. In 1959 PRPG consisted of a shed on the side of the street to repair pianos. Later a shelter was built to process the wood. At that time the pianos were carried in a cart with men walking barefoot to the port. During the tumultuous of Mao Zedongs Cultural Revolution in the 1960s and 1970s, few Chinese dared to buy a piano, which symbolized the Wests decadent and bourgeois society. Learning the piano was frowned upon at that time. The factory didnt stop making pianos. However, they were lucky if they sold more than one hundred pianos a year. In the meantime Chinas one-child policy has created a culture where parents invest heavily in their childrens education. Parents like to spend money to improve their childrens education and culture and this has paid off for PRPG. Nearly 80%of their pianos are sold in China. Pianos have caught on in China. PRPGs domestic shipments climbed even throughout Asias financial crisis. During the1960s companies such as Yamaha took advantage of low labor costs to enter the global and domestic market. They were quietly followed my South Korea. For years the musical instrument business was dominated by U.S. and European companies. But this has been changing now for decades. In 1992 Tong Zhi Cheng took control of the company. He had worked for only one company during his adult life, the state-owned PRPG. When Tong took over pianos were fairly common in households in Europe and the U.S. for nearly two centuries, but in China they have been a luxury. In 1995 PRPG and Yamaha Pianos of Japan forged a $10 million joint venture. They set up a company called Yamaha-Pearl River. This company was set up to make certain Eterna models that are exported to Europe and the USA. Unlike Chinas typically backward state-owned companies, PRPG is savvy about brands and looks for new products to sell. Tong bought a mature German brand Ritmà ¼ller in 1999. In addition he has struck a deal with Steinway Sons to produce their Essex line of pianos. Today, PRPG consists of a factory spanning 2 million square feetthe worlds biggest piano plantcranks out 250 pianos every day. White-smocked workers steer computer-driven kilns that bake oak planks en masse. Individual piano keys are hand-checked for precision and balance. Five pairs of ears listen to each pianos tuning, speeding another instrument out the doorand into Americas living rooms. Just two years after Pearl River set up a U.S. sales arm, its high- quality, low-priced pianos have snared 10% of the market, and the company vows to capture a 25% share by 2005. It already has won the hearts and minds of some U.S. consumers.