Industry- I Have Worked In Retail Management All Of My

Industry- I have worked in retail management all of my career. I have specialized in human resources for the past 20 years. I have a true passion for all aspects of human resources and have accelerated my career in becoming an HR Guru. The most intriguing aspect of human resources that I have grown most fond of is training and development. I have gained a lot of education and experience in developing content and facilitating. Using my years of hands on experience I gained how to run a billion dollar business. Meshing my education, certifications and years of actual practice in my specialized field of human resources I decided to open my own training and development consulting firm Upward Performance. Why I became an†¦show more content†¦I want to build an empire that will ultimately give me the flexibility of being in control of my schedule and plan my work around important family matters. Another reason why I decided to become an entrepreneur is because I have seen so many people live out their dreams and find the gratification I dreamed of. While working for Sam s Club I had an inside look at small business owners manage their business. I have encountered countless entrepreneurs find ways to reinvent themselves and provide a services and or products that continuously make their business relevant. I was also intrigued by the Sam s Club concept of a business helping businesses. Early in my career I decided to learn as much as possible from the retail giant and strengthen my business acumen. I knew if I took every stretch assignment, volunteered for special assignments and purposely asserted myself in other aspects of the business I would get a comprehensive insight into running a successful business. I opened my business Upward Performance with the same concept in mind. 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The Principles Of Lean Manufacturing - 1075 Words

The primary use of lean principles was in the manufacturing domain earlier, later it spread to various processes across various industries. It was believe that the idea of lean originated in japan (Toyota), but there is evidence that the Mr. Henry Ford, the founder of Ford Motor Company has been using the principles of lean in the early 1920’s. Henry ford thought that shortening the time a product takes in a production is a key solution to reduce the overall cost of the product [4]. If a product spends large amounts of time in a process of manufacturing, the overall costs goes high, one of the reasons being more material handling. There are primarily 5 principles of lean manufacturing [9]. Those 5 principles are as follows: 1) Specifying†¦show more content†¦Most people tend to misunderstand lean by identifying the non-value added processes and working on them to eradicate them which in turn increases the amount of non-value added tasks. VALUE STREAMS: Value stream is a map of processes in the order of which they run. Creating a value stream is of key importance in understanding the value added and non-value added processes. Value streams help us identify the whole production process as a whole while giving us insight on all the sub processes that go through. Value stream processes may also depict the flow of information. VSM requires various departments to come together and prepare the map, it is not an individual job. FLOW: We continuously try to establish a flow between values added processes. A value added process must not be hindered by a process which of no value. If possible, non-value added processes must be done in parallel. PULL: lean concentrates on pull system. Pull system is making the product when it is required. This tends to minimize the wastage and also has minimal inventory. Employees stay idle when there is no order but the value is from the final product. Industries following push system can face a few problems in the form of over production and inventory wastages. Producing first and storing it in warehouse eats up the capital that is invested and is a considerable waste. PERFECTION: Perfection is achieved when the

Meco, Relations Between the Philippines and Taiwan Free Essays

It was established in 1975 and is organized as a non-profit and non-stock private corporation under Philippine law. B. About the Administration MECO promotes trade, investments, tourism, and labor, scientific and cultural cooperation with Taiwan. We will write a custom essay sample on Meco, Relations Between the Philippines and Taiwan or any similar topic only for you Order Now The MECO provides assistance to Filipinos in Taiwan and provides visas, legal and consular services. The MECO coordinates with the Philippine government agencies and the private sector to fulfill this mandate. C. The Functions of the Administration MECO has its head office in Makati City, Philippines, principal representative office in Taipei and extension offices in Taichung andKaohsiung. MECO’s Chairman and Chief Executive Officer are Chairman Tomas I. Alcantara and its Resident Representative and Managing Director in Taiwan is Ambassador Antonio I. Basilio. D. Roles and Responsibilties MECO’s main function is to serve as a liaison between the Filipinos and Taiwanese. They make sure that the relationship between Taiwan and the Philippines is in good standing at all times. MECO also solidifies the Philippine government’s commitment and advocacy to serve Filipinos living and working in foreign countries. II. MECO A. ) Location and People in Charge The people on top are Chairman Perez and Ambassador Basilio. Chairman and Chief Executive Officer are Chairman Tomas I. Alcantara and its Resident Representative and Managing Director in Taiwan is Ambassador Antonio I. Basilio. – B. ) Why was it made? – It was established to continue relations with Taiwan after China was recognized as the legal representative of the Chinese people. This made Taiwan sort of a non Country. As long as it about economic relations its ok with China C. ) What is its primary goal? Primary Goal of Meco -is to promote economic relations like trade, investments, labor and tourismIII. Vision A. ) MECO’s Vision -to become the primary mechanism for promoting beneficial relations between the Philippines and Taiwan. B. ) Long Term Goals -to maximize the potential of our economic relations, because right now were the 5th largest trading partner B. ) Short term goals -Make meco an effective org so that it can deliver and be effective to its mandate, and to be able to perform its role in government, because the DFA doesn’t entirely do this with Taiwan. C. ) Overall goal -Exactly like the Long Term goal, to be an effective institution that serves its cause. IV. Mision A. ) Legal Services Consular services like issuing to Taiwanese visitors to the Philippines, issuing and renewing passports for Filipinos in Taiwan, Marriage certificates, Police Clearance, when Filipinos in Taiwan get into trouble MECO makes sure they get legal support. B. )Other Services -Consular If you’re a Taiwanese and you want to go to the Philippines, meco supplies you with a visa with approval from the dfa, also for Filipinos like passport renewal -Tourism Talk to airlines, travel agencies to encourage them to have more flights and to organize travel packages, approach market to directly advertise Trade and Investment Meco has an officer from the dti, meco supports his/her activities, supports trade and investments with Taiwan, and participates in trade exhibitions in Taiwan and the Philippines – Assitance to Nationals Filipinos in Taiwan who run afoul of the law or has cases against his or her employer, meco provides shelter and hires a lawyer for the oppressed – Info Center Mecos main goal is to generate positive news about the Philippines in Taiwan, releases regular press releases. How to cite Meco, Relations Between the Philippines and Taiwan, Papers

Accounting and Financial Management Sustainability Framework

Question: Describe about the Accounting and Financial Management for Sustainability Framework. Answer: Part A Executive summary The main focus of the report is to describe the business activities and financial reporting of Blackmores. The company is the market leader in the health care sector and puts focuses on its sustainability framework in order to increase its values in the market (Berk and DeMarzo, 2007). The organization has deliberately applied a range of strategies and in operational activities keeping in mind the end goal to enhance its sustainability and in moving towards achieving superior transparency with respect to the environmental impact of the organization. The natural and also social effects of the organization have been talked about alongside its history, products and location (Block et al., 2011). The gap analysis will help to estimate the gaps between the facts and figures provided by the organization in the annual report with data gathered from other sources according to the rules and guidelines of GRI, which would be beneficial for the shareholders and stakeholders of the company. Introduction The organization Blackmores is a reputed organization in Australia and considered as one of the largest organization in the healthcare sector and leader in the market of healthcare sector. However, the organization started its business activities in the year 1930 by the Maurice Blackmore, was a migrant and his thinking was relatively revolutionary (Butler, 2012). He starts the organization with a dream to give the general public better medicinal services with the use of naturopath treatment and natural herbs for guaranteeing the better wellbeing of the people in the community. During the time of its operations the organization has accomplished recognitions and many awards and the company has build its reputation in the market as well as achieving the competitive edge in the market (Elliott and Elliott, 2008). The organization has shown significant financial growth consistently and recorded among top 100 organizations in ASX. The organization basically manufactures vitamins products a nd around 250 different types of products that are manufactured and sold by the organization. Apart from this, the organization also manufactures wide range of herbal products and minerals and nutritious supplements according to the requirements and demand of the customers. Other than this, the organization provides wide range of health care services, which are valuable and popular among the general public (Fifield and Power, 2011). The organization is started at the Northern Beaches, Warriewwood on of Sydney and the internal enviornment of the organization gives a standard and friendly work place for the employees that lead on an adjusted way to deal with wellbeing, environment and life work. The campus size is 27,000 Square meters and the company has more than 7s00 staff serving the company. Main body The organization puts huge efforts on the advancement of the sustainable business and minimizing the natural effect of the organization and it will help the organization to improve its environmental and social acknowledgment, as in the blink of an eye everyone knows about the environmental impact. For a several reasons like use of vehicle and increasing number of production lines enhance the toxin level in the air in this way increasing the pollution level in the air (Helbk, Lindest and McLellan, 2010). As an after effect of contamination, the existence of the green house gasses, like methane, carbon monoxide, carbon di oxide has been increased considerably that is considered as the fundamental driver of the global warming, and increases the risk for the general public. The customers prefer the product and services of the organizations, as they are eco friendly and economica. Thus the contemporary usiness associations gives great emphasis on creating viable CSR systems keeping in min d the end goal to build up them as the environmental friendly and socially responsible organization. The organization has been awarded as a well known recognized company in the field of sustainable business (Hillier, 2010). The supply of the energy is done through the grounds because it decrease the level of carbon di oxide decreased. Next to this, the organization uses solar chimney that give office of regular ventilation (Holton, 2012). The organization is attempting to decrease the environmental concentration alongside carbon impression by the start of the organization. The organization company saves at time of start thus enhance the effectiveness of the employees. Around 75% of the waste redirected from landfill. The organization has created administration framework for controlling environment issues and so as to deal with the ecological effect of the organization. The wastage of food from the industrial facility includes products is utilized for delivering green power (Moles, 2 011). The organization has embraced the Recycling Label Plant Ark in Australia. The organization has also faced many threats from the activities plans and systems to enhance the efficiency of the waste administration also recycling the consumption of energy of the organization. The organization's waste execution plan improves its abilities in managing the wastes and also to set up a novel recovery process and plan (Moretto, 2008). Presently just 28% of waste sent to the dumping field and the present rate 30% and the redirection rate is 72%. The report GRI assist in the making of sustainability report based on the operations and goal of an organization. The report comprises of the strategic analysis, authoritative profile, general disclosures, determination of the material aspects and limits, partner's engagement, the report profile, administration and morals and reliability (Spiceland, Sepe and Nelson, 2011). The examination gives the general perspective in regards to the management of the stakeholders with giving support according to the rules of the report. The system and analyzing the data in this manner that helps to make strategic management. The report likewise gives the vital articulation which exhibits the vision and strategy of the medium term, short term and the long term goals (Stittle and Wearing, 2008). The key accomplishments that are incorporated into the case help to provide suitable judgement and in this manner the acknowledgment of the standards are appropriately maintained with furnishing the executio n in respect to the objectives. The difficulties for the organization are delineated with giving the objectives to achieve high performance level and in this way the approach of strategy is by all accounts fulfilling the things that relate the approach of the organization (Wild, 2005). The sustainability report of the company in the years 2016 and 2015 portrays decrease in the risk that are explained in the environment of the corporation. The significance is given to the public safety and common health that priorities the objective of the corporation (Wolf, 2008). The sustainability for an organization rotates around the employees, community, representatives, shareholders, administration and the investments for future development of the corporation. The commitment provided for sustainability gives the perspective to the formation of demonstrated adequacy, ingredient traceability, demand in the market, increasing employee efficiency and product quality. It gives the report of increase in stock on hand available with in this manner making direct source with the key fixings (Zopounidis, 2008). It additionally gives reasonable production network administration so as to empower the backing and encourage the ecologically and the socially capable methodologies for supply chain management. The distinction that is shown in the report gives provides distinction between the partners and the shareholders of the companies. Every one of the partners is not shareholders but rather shareholders are clearly shown in the financial statements (Business analysis, 2008). The shareholders appropriately described in the sustainability report of the Blackmores however shareholders don't comprise of any part in the framework guideline of GRI. The distinctions are made in both the business which is by all accounts delineated for this situation and consequently the separation with the GAP examination is made that is by all accounts fruitful and the system is portrayed with the enhancement of the sustainability report. The evaluation gives the commitment to make sustainable and substantial outcomes that helps in the accomplishment of effective communication system and process. The accountability and transparency originates from clear and efficient communications with the team members and in this way helps in presenting the adaptations of GRI standards and principles portrays G4 form of reporting standards (Cadle et al., 2014). The rules help in going about as the initiatives of global reporting. The advantages that are accomplished by assembling GRI rules with the report gave by company Analysis is by all accounts profiting the potential shareholders, investors and other stakeholders of the company are as per the following:- The examination of the c-suite: The administration can be framed by determining the pressure from legislature with along these lines helps in perceiving stock trades, markets, speculators and general public everywhere to be straightforward. This associates the process of communication and in this way the advancement is made by the improvement of sustainability targets (Cadle, Paul and Yeates, 2010). The thought of the senior administration information should be completely checked with making the effect of the organizations dedication and in this way the dedication is settled in the term of time and cash. The administration and the dedication make a bolster base for sustainability and for change of the association. The present material issue and the need for setting the materiality framework state-of-the-art is made with concentrating on usage of appropriate techniques. The standard refinement between the G3 and G4 rules are distinguished with putting emphasis on the way toward reporting keeping in mind the end goal for the examination which is by all accounts occurring and in this manner the investigation helps in the making the center as to the present reporting. For reporting issues that is by all accounts most represents the relevant key stakeholders and in the meantime they turn into the accomplishment for the association (Cadle, Paul and Yeates, 2010). Reporting changes from the fulfillment helps to maintain the environmental, economic and societal issues and in this manner it demonstrates that the partners and the general public is kep at large position in the organization. The materiality assist in making easy to use environment with giving the sustainability report and along these lines the making of exertion gives sustainability report and framework for the improvement of the entity. The GAP investigation helps in the production of values for the company with the use of the indicators of GRI which is by all accounts adequate as indicated by the new G4 GRI standard Disclosures. Besides the identification of GAP assists in demonstrating the qualities with making appropriate rules and guidelines and giving proper usage plan to the examination (Financial statements, 2013). Conclusion The report comprises of all the essential reports and has been shown in the case study which gives the structure of benchmarks that are delineated for both the associations that is the company and GRI. Therefore, the report comprises of working environment group with creating the development of structures with showing the business structure and development of sustainable environment with the correlation made for supply chain management. However, the natural and social effects of the organization have been talked about alongside its location, history, and products. Likewise the differentiation is made for the companies in appreciation to the general principles. Part B The costs associated with the business activities The significant expense connected with the business activities of the Global Therapeutics incorporates clinical trials, business supplies, non clinical studies, promoting cost and different exercises. The offering, showcasing expenses and associated manufacturing cost with GBT440 and different items incorporates cost and time so as to grow the sales and marketing abilities (Gowthorpe, 2008). The clinical practice likewise incorporates expense of business and the supplies of clinic that incorporates enrolling the patients for the trial in clinics in a convenient way. The expense is important to enhance technologies, maintaining and future acquisitions, expanding and to protect the intellectual property portfolio. Enforcing and getting of licenses of biopharmaceutical is very costly. The organization has likewise to invest into the innovative work of the products. Other expense incorporates pay rates, hardware, rent and protection (Revsine, Collins and Johnson, 2005). Estimating the cost behavior Variable Cost Amount ($) Fixed Cost Amount ($) Clinical Studies 250000 Building 2500000 Clinical Trial 400000 Intellectual Property 3500000 marketing Cost 300000 Equipment 600000 Commercial supplies 1,000,000 Salaries 1800000 Research Development 700000 Rent 50000 Insurance 250000 2650000 8700000 The expense associated with an organization includes fixed expenses and variable expenses. Fixed expenses are the cost that commonly does not vary with the increase or decrease in the amount of items sold or manufactured. The expenses have to be paid by the company. Variable expenses are the costs that fluctuate with the level of production of products. In this manner, it relies on upon the level of production (Robinson, 2009). Cost behavior The breakeven analysis of the company help to measure and inspect margin of safety of the organization on the premise of related expenses and income gathered. It will empower the organization to investigate different price level in relation to different level of demand. Accordingly, it decides the business level that will be expected to take care of fixed expenses. The breakeven of point of the company Global Therapeutics would be ($2650000+$8700000=$11350000). The breakeven examination is a valuable instrument that helps to decide the level of production or the desired sales target. It examines the level of fixed expenses in relation to the profit earned by each unit produced and sold. The net overall revenue of an organization can be increased with the increased in the income and diminishing the expense of production (Wild, Bernstein and Subramanyam, 2001). Therefore, the production expenses can be diminished with the assistance of executing proper procedures, strategies and method s. Balance score card Financial Objective The objective of the organiztion is to invest into its business activities such as investing for the development of the product, marketing activities, assts and operational activities Outcome The company Global Therapeurtics has implemented startgies and techniques to achive its financial objectives Driver to measure The financial perfromane of the company can be measured with the help of measuring the financial ratios that help to evaluate profitabiliy, efficiency and liquidity level. Customer Objective The objective of the organization to increase the quality of care with the adoption of appropaite clinical practices. Outcome The company Global Therapeutics has put their efforts and implemneted technology to increase the quality of care and increasimng the satifaction level. Driver to measure The feedback from the customers will help to determine and evaluate the satisfaction level. Processes Objective The objective of the organization is to develop the internal control systrem as well as providing quality care to their patients. Outcome The managers and staff members ha managed apprpaiteluy the internal control system of the company. Driver to measure The coordination among team members, communication flow and tasks completion show the effciiency of the internal control system. Part c Break even analysis Protein Shakes Power-up Vitamin Juices Recharge Bars Expected Annual Sales 15,000 15,000 7,000 Selling price 7.80 9.50 5.60 Sales 117,000 142,500 39,200 Packaging cost 0.35 0.35 0.05 Ingredient cost 3.1 3.60 2.75 Total costs 5,253.1 5,253.6 352.75 Staffing and facilities costs 39,000 39,000 39,000 Marketing costs 9,333 9,333 9,333 Total cost 53,586.1 53,586.60 48,685.75 Breakeven point Power-up Vitamin Juices Revenue = Variable cost + Fixed cost Protein Shakes Sales Revenue = Variable cost + Fixed cost Revenue = $53,586.10 Recharge Bars Revenue = Variable cost + Fixed cost Revenue = $48,685.75 Profit evaluation Revenue 198,336.10 198,336.60 198,335.75 Packaging costs 0.35 0.35 0.05 Ingredient costs 3.10 3.60 2.75 Total costs 3.10 3.60 2.75 Facilities and Staffing costs 39,000.00 39,000.00 39,000.00 Marketing cost 9,333.00 9,333.00 9,333.00 Total cost 48,336.10 48,336.60 48,335.75 Net profit 150,000 150,000 150,000 Memo To: From: Date: Subject: The evaluation of annual profit and breakeven point Recharge Bars Expected Annual Sales (units) 7,000 Selling price 26 Sales 182,000 Packaging costs 0.05 Ingredient costs 1.75 Total costs 351.75 Facilities and Staffing costs 22,000 Marketing costs 8,333 Total cost 30,684.75 Net profit 151,315.25 The Blackmores ought to implement and adopt proper procedures with a specific end goal to increase its sale of products and in addition building up the business sector increasing the market value. The yearly benefit and the breakeven analysis of the organization can be improved with the increase in the price of sale and diminishing variable expenses and the fixed expenses. The increase in sales of items and decrease in the expense of the items will increase the profit and the market estimation of the organization (Financial statements, 2013). The increase in internal control systems, operation efficiency, variable cost, product quality, appropriate level of price and marketing activities that will help to increase the profits. The expansion in operation productivity, inside control frameworks, amplifying stream of money expanding nature of item, deciding suitable cost level, embracing promoting exercises will build the benefit. The directors and fund division assumes a critical part in the administration of the expenses and income of the organization. The preparation of the financial statements would help to estimate and assess the income, cost, resource, liabilities, benefit or loss of the organization amid a timeframe. The breakeven analysis will evaluate and analyze the margin of safety of the organization on the premise of related expenses and income gathered. The administration and distribution of asset accomplishes the objectives of the organization. References Berk, J. and DeMarzo, P. (2007).Corporate finance. Boston: Pearson Addison Wesley. Block, S., Hirt, G., Danielsen, B. and Block, S. (2011).Casebook for foundations of financial management. New York: McGraw-Hill/Irwin. Butler, J. (2012).The Financial Times guide to wealth management. Harlow, England: Pearson. Elliott, B. and Elliott, J. (2008).Financial accounting and reporting. Harlow: Financial Times Prentice Hall. Fifield, S. and Power, D. (2011).Managerial finance. [Bradford, UK]: Emerald. Helbk, M., Lindest, S. and McLellan, B. (2010).Corporate finance. New York: McGraw-Hill. Hillier, D. (2010).Corporate finance. London: McGraw-Hill Higher Education. Holton, R. (2012).Global finance. Abingdon, Oxon: Routledge. Moles, P. (2011).Corporate finance. Hoboken, N.J.: Wiley. Moretto, E. (2008).Managerial finance. [Bradford, England]: Emerald. Spiceland, J., Sepe, J. and Nelson, M. (2011).Intermediate accounting. New York: McGraw-Hill Irwin. Stittle, J. and Wearing, B. (2008).Financial accounting. Los Angeles: SAGE Publications. Wild, J. (2005).Financial accounting. Boston: McGraw-Hill/Irwin. Wolf, M. (2008).Fixing global finance. Baltimore, Md.: Johns Hopkins University Press. Zopounidis, C. (2008).Managerial finance. [Bradford, England]: Emerald. Business analysis. (2008). Workingham, Berkshire: Kaplan Pub. Cadle, J., Eva, M., Hindle, K., Paul, D., Rollason, C., Turner, P., Yeates, D. and Cadle, J. (2014).Business Analysis. Swindon: BCS Learning Development Limited. Cadle, J., Paul, D. and Yeates, D. (2010).Business analysis. Swindon: British Informatics Society. Financial statements. (2013). London: BPP Learning Media Ltd. Gowthorpe, C. (2008).Financial analysis. Oxford: CIMA. Revsine, L., Collins, D. and Johnson, W. (2005).Financial reporting and analysis. Upper Saddle River, NJ: Pearson/Prentice Hall. Robinson, T. (2009).International financial statement analysis. Hoboken, N.J.: John Wiley Sons. Wild, J., Bernstein, L. and Subramanyam, K. (2001).Financial statement analysis. Boston, Mass.: McGraw-Hill.