ESL Practice Conversation Tomorrows Meeting

Alice: Were having a meeting tomorrow. Can you make it?Kevin: When is it taking place? Alice: Were planning on 10 oclock. Is that OK?Kevin: Yes, thatll be fine. Alice: Were going to go over last quarters sales figures.Kevin: Good. I have some input Id like to make. Alice: Frank is also going to make some suggestions on improving the bottom line.Kevin: Thatll be interesting. Hes got keen insights. Alice: Yes, hes going to outline some new sales strategies.Kevin: Is Alan attending? Alice: No, hes flying to San Francisco and wont be able to make it.Kevin: Oh well, maybe Hell phone in. Key Vocabulary to make a meetingto take placesales figuresquarterbottom lineinsightstrategyto phone in

Ford Motor Company Case Analysis - 1788 Words

Ford Motor Company is one of the top automotive companies in the world. It was founded in 1903 by Henry Ford who wanted to develop some kind of transportation for the individual convenience and to make the product affordable. In 1909, Ford Motor Company manufactured its first automobile called the Model T. This was a big success among the regional especially in Detroit where it all began. As the popular for the Model T rose, Ford had to increase its production to keep up with demand. The company produced more than $15,000,000 cars before deciding to introduce another brand of automobile. In 1928, Ford unveiled the Model A which represented a higher end product then the Model T. Ford produced six types of automobile, the New Ford Pleasanton, Tudor Sedan, Roadster, Coupe and the Sport Coupe which the price ranged from $400-$600. Ford has kept to their promise to make their products affordable for all. Ford Motor Company was at the top company in its industry next to Chrysler, General Motors. Fast Forward to present day and nothing has changed, Ford is still producing cars that are affordable and meet the needs of their customers. The automotive industry has not been easy for Ford due to the fierce competition from General Motors and other companies such as Tesla, Toyota, BMW, and Mazda. Ford has always stayed in front of the curve by introducing new models such as the Ford Focus, Ford Fiesta, Ford Explorer, Ford Fusion, Ford Edge and of course the Ford Mustang. The successShow MoreRelatedFord Motor Company Written Case Analysis2381 Words   |  10 PagesTABLE OF CONTENTS 1. INTRODUCTION 2 2. Case Question 2-8 2.1 Define and discuss Fords business-level strategy. How can the companys value-chain activities be better linked to create value for the company? 2.2 How can Ford successfully position itself in terms of the five forces of competition? 2.3 In what ways can the company effectively manage customer relationships to increase strategic competitiveness? 2.4 What conditions and toolsRead MoreFord Motor Company Case Analysis1104 Words   |  5 PagesThe current situation of the Ford Motor Company, revenue of $44 billion, 6 percent above second quarter 2006. The company net income of $750 million, or 31 cents per share. Profit of $258 million, or 13 cents per share, from continuing operations excluding special items. There was a significant year-over-year improvement for all automotive operations. Ford Motor Credit pre-tax profit of $112 million. Cost reductions of $600 million; $1.1 billion through the first half of 2007. 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Consumers of Ford vehicles reported that at least one of their tires spontaneous blew out while driving at highway speeds; more often than not, these accidents resulted in the driver losing control and rolling the vehicle, causing injury or death. After numerous lawsuits, lawyers began to notice a trend. Through multiple clients, they observed the majority of incidentsRead MoreFord Motor Company Case Analysis1842 Words   |  8 PagesDepartment FROM: Sawyer Folks, Business Analyst DATE: April 27, 2015 SUBJECT: Ford Motor Company Background The Ford Motor Company has had a rather tarnished legal history. Ford got into some hot water in the 1990s and 2000s over multiple safety scandals. One of these scandals occurred in 1996 and involved faulty ignition switches that would short and cause fires. The ignition switch scandal then led to Ford being sued by State Farm for neglecting to release information about the faulty ignitionRead MoreFord Motor Company Case Analysis Essay1776 Words   |  8 PagesIntroduction The Ford Motor Company (Ford or â€Å"the company) is an American automotive producer headquartered in Dearborn, Michigan. The company was founded on June 16, 1903, by Henry Ford. The Ford Motor Company manufactures and sells commercial vehicles, luxury cars, Standard Utility Vehicles (SUVs), and automotive parts all over the world. Known for their size, geography, and business model, Ford is often referred to as one of the â€Å"Big Three,† along with General Motors and Chrysler AutomobilesRead MoreCase Analysis Report Ford Motor Company and Firestone3599 Words   |  15 PagesCase Analysis Report In August 2000, Ford Motor Company and Firestone Tire Company recalled 6.5 Million ATX and AT tires that had been installed on Ford’s Explorer model SUV. At the time, it appeared as though Ford and Firestone were doing the right thing. They had found out that the tread separated on Ford Explorers in states with intense heat, such as Florida and Texas. However, it later came to light that both Ford and Firestone had known about these problems earlier than 2000 and that FordRead MoreCase Study : Ford Motor Company1611 Words   |  7 PagesFord Motor Co. Casey T, Blackburn Business 104 Business Organization Management Dr. Earl Murray Jr. 1 November 2015 Abstract I hope that this meets the intent of this paper and that you learn something new about the management of an organization that I have the most interest in. I wanted to discuss how the lessons that we have covered during this class are used and demonstrated in a large worldwide company such as Ford Motor Co. Ford Motor Co. Ford’s Motor Company History Ford Motor CompanyRead MoreFirestone and Ford Case Analysis Essay1458 Words   |  6 PagesIssue II. Questions for Case analysis a. 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The passenger, a 13-year old boy named Richard Grimshaw, was also severely injured from burns, which caused his face and body to be permanently disfigured. After

Management strategy and practice of the nokia corporation ltd Free Essays

INTRODUCTION Nokia Corporation Ltd is one of the topmost mobile phone manufacturing companies. It manufactures a wide range of mobile phone handsets that befit and satisfy consumer demand. It is based in the South West part of Finland. We will write a custom essay sample on Management strategy and practice of the nokia corporation ltd or any similar topic only for you Order Now ORGANIZATIONAL STRUCTURE With its headquarters based in Singapore, Nokia Corporation operates in various geographical locations. The enterprise is further categorized into different business segments with each specializing in specific operations:  Nokia Treasury Asia: – This is based in the headquarters and serves the corporation’s subsidiaries of the Pacific (Asian). This region serves as the banking unit by providing a wide range of financial services. Japan/ China region: – These regions specialize in Research and Development. It is the ‘epicenter’ of new innovations/technology and new brand implementation.  Within the America’s region, Nokia Corporation has assembly, IT solutions and program design business units. In general, the company has a flat organizational structure. This is because of few levels of management (about six). The chairman, who doubles as the President is deputized by the vice Chairman (Vice President). This Manager has only four executives below him. This structure is a form of strategy for the corporation as it reduces bureaucracy and enhances both the flow of information and the decision-making process. NOKIA’S INCOME STATEMENTS The most recent quarte’s Revenue is â‚ ¬ 9,856 million The net income figure during the same period was â‚ ¬ 979 million. The company’s current stock price as at 11.03 AM, 07/19/07 is $ 29.81.The previous price was $29.73. I expect the stock price to grow in the next quarter. This is due to the high demand of the company’s stocks due to its high profitability and performance in the Stock Market. FINANCIAL STRATEGIES The Corporation operates in patents and rights. These include the GSM/WCDMA and CDMA2000. These have led to advantages like reduction of production and operating costs. The management of the company uses internal growth/financing that is expensive in terms of interest charges. Because of this, it issues ordinary shares when finances have to be raised. It also uses its retained earnings which are sufficient owing to its optimal dividend policy. In order to increase its profitability and market share, Nokia Corporation has entered into a joint venture with other telecommunication companies like Sanyo.  And in order to attract a competitive advantage over other companies in the industry, Nokia Corporation has embarked on acquisitions. An example is Intellisync plc in February 2006. Another of the firm’s strategy is that of mergers with other telecommunication companies. This has seen the company merging with Siemens AG in June 2006. This according to the management will give the company enviable synergistic advantages such as reduction of operating expenses. It would also enable the company tap more expertise as well as bar new entrants from joining the industry. The investment division carries out financial plans and analysis before undertaking any financial ventures. This is geared towards risk reduction and investments on projects that can only yield positive net benefits in present value terms. Through the Finance Department, the company also carries out sensitivity analysis to determine the effect of changing certain financial parameters on the outcomes. These include the discounting rates, economic life of projects,e.t.c. In order to reduce its financial risk Nokia corporation diversifies its investments by investing in a portfolio form. These range from treasury bills, to mutual funds and other long-term projects. MANAGEMENT STRATEGIES. One of Nokia Corporation’s   management strategies is brand/design. The Corporation is the leading in in product modification, producing a wide range of Nokia handsets. It is through this that a company can gain the loyalty and confidence of the customers. The phones also have very fascinating ring tones, games and even internet solutions. They have designed them in a way that they are user friendly. The human resource department of the company comprises of experienced and highly skilled and motivated staff. The firm employs better recruitment and selection methods in fulfilling the staffing function. The management of Nokia carries out frequent environmental surveys to determine what they can be able to explore from the environment( opportunities) and what dangers the same environment poses on it (threats). This analysis is important because through it, Nokia corporation identifies the strengths at its disposal that can enable them make use of the opportunities. They also determine their   weaknesses   and how these are likely to hinder their success. In order to avoid high labor turnover especially skilled and expertise, the company adopts betters and attractive wage packages for its employees and other perquisites. They are also actively involved in core decision making processes thus making them feel part and parcel of the organization. When it comes to conflict resolution, the management uses the collaborative style to resolve organizational conflicts. These tend to give both parties in conflict a win-win situation by giving every party equal satisfaction. Another Nokia’s management strategy is time management. In the Nokia working environment, time is the most essential asset. This resource is highly valued as idle capacity is   costly to the organization. The management, in a chart form has laid down ways in which staff and all other employees can be able to properly manage time. Every employee is required to set his/ her objectives which he/she wants to accomplish. The goals have to be prioritized   with each employee having his own individual working schedules. REFERENCES https://www.finance.com/credit-cards/compare-credit-cards/citi.action?ID=most-popular-credit-cards How to cite Management strategy and practice of the nokia corporation ltd, Essay examples

Effect of Business Ethics on Business -Free-Samples for Students

Question: Discuss about the role of Ethics in Business, Benefits of being Ethical and how they affect Business Industry. Answer: Business Ethics: An Introduction Business ethics is also known as corporate ethics i.e. class of applied ethics that focuses on ethical principles and problems that generally arises in business environment. It is very imperative for the conducts of individuals and even for the conduct of entire organization. Organization of these ethics can be done by individuals, organizational statements and by the legal system. Simply, business ethics are organizational standards, norms or a set of value that define the action and behavior of an individual in a business organization. In past few years, customers have also started showing keen interest in ethical conducts of business and thats why business organizations are paying more attention on business ethics. For achieving strong position in long term, they have to consider business ethics. In fact retailer has to consider more on business ethics as compared to other businesses. The main motive is that retailers are the nearest to customers in supply chains. Now days custome rs are getting more aware not about the products but even about the ethics conducted by the organization. They dont even hesitate to react in case of unethical business practices (Ruiz-Palomino, Mart?nez-Canas Fontrodona, 2013). This report focuses on potential ethical issues in retail sector. The report also discuss about the role of ethics in business, benefits of being ethical and how they affect business industry. Challenges in business ethics Ethical issues facing retail sector Retailers in present time are trying to motivate the employees to behave ethically but sometimes, retail industry has to face some issues related to ethical practices. The issues can be related to sustainability, green practices, or ethical behavior etc. There are some ethical issues facing by retail sector, some of the ethical issues are described below- Green issue- Now days green issue is becoming a very popular topic as many organizations preferred to go green. It simply means less use of those activities which are harmful to the environment by the businesses. It means reducing the emission of CO2 gas, reducing wastage, reducing power usage and increasing the use of environment friendly power sources. Green products are generally expensive and thats why only 28% of the customers want to pay premiums for the green products. Environment related issues are the most popular issues in top retailers of the world. All the retailers accepted the environment as a key element of ethics related to a business. This highlights the importance of environment in business ethics (Arnold Valentin, 2013). Product safety- Since safety is the basic right of all consumers and it is also provided by the product safety acts that only safe products should be available to consumers in the market. Product safety means the level of risk available in using of product. Generally every product involves an accepted level of risk. It is the responsibility of everyone in the supply chain to provide safe products to its customers. Customers faith can be destroyed in case of selling of unsafe products. So it is very much Crucial to sell safe products to the customers. Ethical sourcing- This is the most crucial factor of business ethics. Government, trade unions and consumer groups are paying more attention on working conditions for those who are producing their products. Media campaigns also started highlighting the poor working conditions in factories and farms. Ethical sourcing is now become the corporate responsibility agenda for most of the retail organizations. Retailers are also implementing corporate norms or codes to properly ensure better working conditions to the laborers (Brunk, 2012). Sustainability focus of retail sector Now days, many industries used to take the principle of sustainability as one of their major challenges. As retail is a process of selling goods or services to its consumers and thats why they have to face major issues like carbon emissions, greenhouse gas emissions etc. the retailers have to check the products before offering it to sale so that they could not harm environment (Crane Mattey, 2007). They have to stock those products which can help in getting environmental goals like zero waste, reduce greenhouse gas emission etc. The company achieves these goals by proper training to its employees which involves two pronged strategy understanding of importance and creating awareness and then implementing the process. Well-planned corporate sustainability strategies help in minimizing the environmental and social risks and increase the profit of the business (Reisch, Eberle Lorek, 2013). Major stakeholders in retail sector The success of an organization depends upon the satisfaction level of the stakeholders. Stakeholders are those who are interested in the business activities and profit of the organization. Figure 1: Major Stakeholders The major stakeholders in the retail sector of any company are as follows: Customers- Customers are generally the stakeholder of the businesses. Now days customers are interested in low priced quality products and consumers attracted towards those retailers who offer low priced quality products. Since consumers are also the kingpin of market and thus retailers address the interests of consumers as stakeholders. Investors- Investors are generally interested in the profits of the industry because it will increase their earning per share. Investors also keep trying to lower the cost of the industry because it will increase their profit. Also, profit is the primary and most vital objective of any business as without profit there would be no business and thats why investors are the main stakeholders for any business. Employees- Since employees are the most Crucial resources of the organization. Generally, employees have two main interest in the organization i.e., job security and higher wages. Now days companies also make policies and norms for durable job securities of employees as without employees there would be no work in the organization. So employees are also the effective stakeholders for any organization (Hough, Green Plumle, 2016),. Suppliers- Suppliers are interested in high sale of their products with high profits. As not only high sales required, they also show keen interest to sell it in effective profitable way. So they always want to sell their products at high prices by the retailers but sometimes that may not be possible. So, suppliers are the least prioritized stakeholder of any retailer. Factors to manage business ethics Since ethics are related to values, conducts and behaviors so ethics programs are more process oriented than management practices. Ethics programs make deliverables i.e., strategies and actions, codes, budget substances, newsletters etc. The most significant feature from an ethics program management is the process that produces these deliverables. The most excellent ethical morals and behaviors are meaningless if they are not able to create fair and just behaviors in organization. So, strategies that generate ethical values, codes should also create actions and training that convert those values into suitable behaviors (Brunk, 2010). The best way for an organization to gain reputation is to demonstrate behavior. When the staff will aware of the ethics management, the more number of ethical issues can be identified. The best way to handle ethical problems is to avoid their emergence at first place. The process involved in developing ethical conducts will help the employees to follow that from the very beginning of stages (Burcea Croitoru, 2014). Importance of managing business ethics Business ethics has the key role in the growth and success of the organization in the operating market. There is significant importance of being ethical for any organization- Since every employee wants to be engaged with his or her job role in the business that is fair and right in strategies and actions. So being fair and honest is a basic human need. An organization which is fair in moral and ethical values has automatically able to generate goodwill in the market. Such organizations are respected in the society even they are of small scale. Ethics are the common line that brings employees and top management on a common platform and so organizations driven by values will always be united by employees (Biong, Nygaard Silkoset, 2010). Decision making is not only Crucial in life but also have much importance in any organization. Decision making driven by values not only help in success of any organization but also add to its goodwill for a long term. Figure 2: Ethics benefits Ethics also play a crucial role of securing the society. Ethics helps in implementing various laws which ultimately helps in safeguarding the society (Segon Booth, 2015). No business can function itself independently; it has to depend on other organizations for smooth functioning. The inter-relationship of the organization gets strengthened by adopting business ethics. Some social problems like strikes, lockout will not arise if the organization is following the business ethics as their will be fair and just relation between the employers and employees; customers and sellers. Conclusion In summary, this report discusses the importance of business ethics in retail sector. The report also highlights the fact that organizational profitability of any organization is improved by the use of ethical codes and conducts. From the above discussion, it is analyzed that there are some ethical issues which has to face by the retail industry. Further, it is analyzed that retail industry is focusing on the sustainability practices to get competitive advantage in the market. There are some factors that manage the ethics in the business. From the discussion, it is observed that ethics is Crucial in the decision making process in the business operations References Arnold, D. G., Valentin, A., (2013), Corporate social responsibility at the base of the pyramid: Journal of Business Research, 66(10), 19041914 Biong, H., Nygaard, A., Silkoset, R., (2010), The influence of retail managements use of social power on corporate ethical values, employee commitment, and performance: Journal of Business Ethics, 97(3), 341363 Brunk, K. H., (2010), Exploring origins of ethical company/brand perceptions: A consumer perspective of corporate ethics: Journal of Business Research, 63(3), 255262 Brunk, K. H., (2012), Un/ethical company and brand perceptions conceptualising and operationalising consumer meanings: Journal of Business Ethics, 111(4), 551565 Burcea, N., Croitoru, I., (2014), BUSINESS ETHICS: Journal of Public Administration, Finance and Law, 6 Crane, A., Mattey, D., (2007), Business ethics: Managing Corporate Citizenship and Sustainability in the Age of Globalization, (2nd), New York: Oxford University Press Inc Hough, C., Green, K., Plumle, G., (2016), Impact of ethics environment and organizational trust on employee engagement: Journal of Legal, Ethical and Regulatory Issues, 18 Reisch, L., Eberle, U., Lorek, S., (2013), Sustainable food consumption: an overview of contemporary issues and policies: SSPP Journal, 9(2) Ruiz-Palomino, P., Mart?nez-Canas, R., Fontrodona, J., (2013), Ethical culture and employee outcomes: The mediating role of personorganization fit: Journal of Business Ethics, 116(1), 173188 Segon, M. Booth, C., (2015), Values Based Approach to Ethical Culture: A Case Study. Ethics, Values and Civil Society, 9, pp. 93-118