Discuss the importance of contribution margins when setting the price for that product or service.

Please respond to the following:

  • Pick a product or service with which you are familiar. Discuss the importance of contribution margins when setting the price for that product or service.

Classmate post

Tide is not just a product; it’s a promise. It’s not just any laundry detergent; it’s one that renews clothes and the stories they tell. A company like Tide can calculate an overall contribution margin and a contribution margin per unit. While the contribution margin shows how much revenue is left over after variable expenses, the contribution margin per unit shows how much profits will increase with the sale of each unit. Profits increase with incremental production levels once a company sells enough product to meet its variable expenses. The contribution margin often helps a company decide whether it should manipulate its selling price and sales volume. Some of the ways a company can increase a contribution margin is by reducing fixed costs, increasing the sales price or increasing sales of units with the highest contribution margin. A higher contribution margin usually means that a business can spend more on advertising to increase its sales volume. Lower contribution margins might mean that a company will have to rely on less-expensive forms of promotion, such as publicity and customer referrals. Tenita

Identify and discuss at least three important variables that almost should be considered by organizations when providing employee benefits programs

To attract, motivate, and retain good workers, companies need to define what an employee wants from the employment relationship. One way to define employee needs is to consider “total rewards,” which are everything an employee perceives to be of value resulting from working for the company. Benefits are a core element of total rewards and the ever-growing package of offerings have evolved. You must now work with the company to define precisely where the various programs will be categorized.

Write a six to seven (6-7) page paper in which you:

  1. Identify and discuss at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs. Be sure the response is specific and relevant.
  2. Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory?
  3. Research and discuss at least four to five (4-5) of what may be referred as “Other Benefits” that you could recommend to the management team as necessary elements for the benefits package. HINT: Flextime and product/service discounts are good examples. 
  4. Develop an employee benefits package for any exempt or non-exempt position level (ADMIN ASSISTANT) of your choosing, making sure you support the selection of your program elements. NOTE: The preferred method for presenting your benefits package information is using a table or exhibit, but either approach is not mandatory. HINT: http://www.isacs.org/uploads/file/Monographs/Business%20Operations/Benefits%20Plan.pdf 
    http://www.usbankhr.com/hr/docs/benefits/benefits-at-a-glance-next.pdf 
  • Format your assignment according to these formatting requirements:
    1. Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
    2. Include a cover page containing the title of the assignment (with running head), the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
    3. Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length. Use the Strayer University Library at https://research.strayer.edu to locate additional sources to support your work.

Evaluate Microsoft’s recent expansions into areas such as search engines and smartphones.

Case studies are an important learning strategy in business classes as they provide an opportunity for you to critically analyze events that have taken place in real-life businesses. This develops your critical thinking and research skills as you research the competition and industry in which your business resides with an end goal of formulating a recommendation for the challenges faced by the company.

Select one of the three case studies listed below, which can be found in your textbook. Evaluate the case of your choice, and respond to each of the questions below using both theory and practical managerial thinking as well as supporting research.

Option 1: Microsoft (pp. 94–95)

  1. Evaluate Microsoft’s product and marketing evolution over the years. What has the company done well, and where did it falter?
  2. Through the application of a political, economic, social, and technological (PEST) analysis, what are the current environmental factors impacting Microsoft?
  3. Who are the top three competitors of Microsoft, and what are their advantages/disadvantages with respect to satisfying the value proposition of their customers?
  4. Evaluate Microsoft’s recent expansions into areas such as search engines and smartphones. Do you think these are good areas of growth for Microsoft with a focus on customer value, satisfaction, and loyalty?

Option 2: Tesco (pp.154–155)

  1. Evaluate Tesco brand’s product and marketing evolution over the years. What’s most important to the Tesco brand with respect to changes in how consumers shop for grocery products?
  2. Through the application of a PEST analysis, what are the current environmental factors impacting Tesco?
  3. Who are the top three competitors of Tesco, and what are their advantages/disadvantages with respect to satisfying the value proposition of their customers?
  4. How will Tesco grow without losing focus on its core customer as they look to maintain customer value, satisfaction, and loyalty?

Option 3: IKEA (pp.185–186)

  1. Evaluate IKEA’s business model concept and how it has evolved through the years. It has been stated that they have essentially changed the way people shop for furniture. What are the pros and cons of this type of strategy for IKEA?
  2. Through the application of a PEST analysis, what are the current environmental factors impacting IKEA?
  3. Who are the top three competitors of IKEA, and what are their advantages/disadvantages with respect to satisfying the value proposition of their customers?
  4. As IKEA looks to maintain markets in the United States as well as expand to areas such as Asia and India, what would you recommend to maintain customer value, satisfaction, and loyalty?

In formatting your case analysis, do not use the question-and-answer format; instead, use an essay format with subheadings. Your APA-formatted case study should be a minimum of 500 words in length (not counting the title and reference pages). You are required to use a minimum of three peer-reviewed, academic sources that are no more than 5 years old (one may be your textbook). All sources used, including the textbook, must be referenced; paraphrased material must have accompanying in-text citations.

Resources

The following resource(s) may help you with this assignment.

Describe two ways you could avoid the long-term consequences of spending more than you have on a regular basis.

Please be sure to validate your opinions and ideas with citations and references with intext citation in APA format.

Instructions:

· Complete the two financial health activities (The True Cost of a New Car and  The True Cost of Credit Card Use)  spending money you do not have.

· Share your experience with “The True Cost of a New Car” activity with your peers

– Change the size of the loan, years to pay it back, and the interest rate three (3) to four (4) times.

Start with the lowest loan amount you might need for your new care and increase by $5000 to $10000 each turn.

Start with a 3% loan (entered as .03) and increase by one (1) or two (2) percent each turn.

– In each case choose between 5 and 7 years to pay it back.

– Describe one of the monthly payments you would have to make based on your selections.

Loan amount?

Interest rate?

Years to pay it back?

Monthly payment?

Total car cost?

Discuss the potential impact a car payment of that size might have on your monthly budget.

– Describe the other monthly expenses you would have to remove or reduce to make your payments.

-Why Is or isn’t the car worth the sacrifices you might have to make given the size of the monthly payments?

– What other options do you have to avoid taking out a car loan?

· Share your experience with ” The True Cost of Credit Card Use” activity with your peers

Consider the following scenario:

You spend an extra $50 a month using a credit card for the first year after graduation to make ends meet.

– The interest rate charged by the credit card company is 18%.

– The minimum payment you are required to send each month is $20.

Now consider the real cost of that $50 dollars a month by the end of that first year provided to you in the exercise.

– How might the continued use of a credit card to fund an extra $50 of spending per month affect your long-term financial health?

-Describe two ways you could avoid the long-term consequences of spending more than you have on a regular basis.

Outline four key factors contributing to the Health Informatics and System failure or breach.

Assignment 3: Healthcare Informatics and System Breaches
Due Week 10 and worth 100 points

You are the Information Officer at a large hospital and it has been brought to your attention that there is a possibility a significant information technology failure or breach has occurred within your hospital. Using the Internet or the Strayer University library database identify another health care organization or healthcare provider that has recently had a significant information technology failure or breach. You will need to create a news brief  or memo to your staff letting them know about the failure or breach and how it has affected other organizations.

Write a news brief or memo for your staff in which you:

  1. Outline four (4) key factors contributing to the HIMS failure or breach.
  2. Analyze three (3) ways that the HIMS failure impacted both the organization’s operations and patient information protection, privacy or personal safety.
  3. Diagnose the leadership team’s reaction to the failure, and indicate whether or not you believe the leadership took sufficient measures to deal with various stakeholder groups impacted by the failure. Next, consider whether the organization had significant resources in place to prevent this occurrence and if not identify where most of the contributing failure occurred.
  4. Suggest three (3) outcomes for the facility and express whether you agree with the overall verdict or violation.
  5. Recommend at least three (3) best practices that your hospital can adopt to avoid such a HIMS failure or breach in the future. Provide support for the recommendation.
  6. Provide one (1) current government requirement requiring all healthcare organizations to ensure that health care and patient information is secure and information breaches and technology failures are minimized.
  7. Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

  • Your news brief or memo should include a heading, summary statement, background and recommendations.

The specific course learning outcomes associated with this assignment are:

  • Demonstrate an understanding of the systems development life cycle as it pertains to both the development of a custom application and the selection of proprietary systems.
  • Assess the need for and determine the methods of accomplishing the security of information systems.
  • Use technology and information resources to research issues in health information systems.
  • Write clearly and concisely about health information systems using proper writing mechanics.

Discuss some increased challenges a project manager may face when leading virtual or global project teams

cross-organizational communication. As such, objectives originate at the top of the project, and are subdivided as they are passed down, resulting in little opportunity for creative contributions. Effective leadership and managing of the project can greatly improve communication and team contributions.

Write a five to six (5-6) page paper in which you:

  1. Review and understand the types of project manager power listed and defined in the textbook and select and define any two (2) you feel would be relevant to your current project and explain why. Be specific.
  2. Identify and briefly discuss a minimum of four (4) outcomes (possible issues) resulting from managing projects and address how you might resolve the issues. Be clear with your rationale.
  3. Discuss some increased challenges a project manager may face when leading virtual or global project teams. Recommend a few strategies to deal with the challenges.
  4. Identify and explain your overall plan for communication management during the project. The plan must be comprehensive and at a minimum address (1) structure, (2) purpose, (3) method, and (4) timing.
  5. Go to http://research.strayer.edu to locate at least three (3) quality academic (peer-reviewed) resources in this assignment.

Your assignment must:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Assess organizational strategies that contribute to effective project management of human resources.
  • Use technology and information resources to research issues in managing human resource projects.
  • Write clearly and concisely about managing human resource projects using proper writing mechanics.

Explain the professional and personal skills needed to be successful in human resource management

Reaction Paper

This reaction paper should be NO MORE than a total of 1 page, single-line spaced.

  1. Personnel management and HRM are different ways of looking at the job duties of human resources. Explain the differences been HRM and personnel management.
  2. Explain the concept of Ulrich’s five main areas of HR: (a) strategic partner, (B) change agent, (c) administrative expert and functional expert, (d) human capital developer, and (e) employee advocate.
  3. Human resource management involves seven main areas: (1) staffing, (2) workplace policies, (3) benefits and compensation, (4) retention, (5) training, (6) employment laws, and (7) employee protection. Of the areas under HRM, select an area that is closely related to your current or future position. And explain the area by using your personal experiences, observation, or researched case study in an organization.
  4. Explain the professional and personal skills needed to be successful in HRM (such as, organization, strategic mindset, multitasking, and ethics).

Submit this reaction paper into the “LO 1 Activity” submission folder (or click Activities on the top >> Assignments >> LO 1 Activity). Name your file as LO1_Activity_LastNameAndFirstNameInitial. Make sure you submit to the right place! The final posttest will help you compile all activity artifacts into one coherent piece.

Explain how researchers use theories to analyze the rise of a public policy.

Please see attachment for assignment instructions.

 

Rise of a Public Policy White Paper

Assignment Overview

When a public policy is developed, it endures a cycle. The assignments in this course will examine the “cycle” of a public policy. The first assignment will analyze the rise of a public policy through a 4–5 page white paper in which you will select a peer-reviewed article and use that article to explain how researchers use theories to analyze the rise of a public policy and review that rise using theoretical concepts.

A white paper is a form of communication from an employee to a supervisor or administrator. It should be concise, informative, and able to explain complex issues in a succinct way. Writing a white paper requires high critical thinking skills and the ability to write in concise fashion, which are highly sought-after skills and can lend to more responsibilities in the field.

Assignment Instructions

In your 4–5 page white paper, address the following:

· Explain how researchers use theories to analyze the rise of a public policy.

· Evaluate the way the scholarly article uses an ethical theoretical lens to explain the rise of the public policy.

· Review the rise of a public policy using theoretical concepts.

· Defend the choice of the political lens that is used when reviewing the rise of a public policy.

· Demonstrate an academic writing style through concise, well-organized prose that follows assignment guidelines and APA style.

Example assignment: You may use the assignment example, linked in the Resources, to give you an idea of what a Proficient or higher rating on the scoring guide would look like.

Submission Requirements

· Written communication: Your writing should clearly identify where each grading criteria or part of the assignment is addressed. Your points must be logical, substantive, and relevant based on the evidence presented. The writing must be free of errors that detract from the overall message.

· APA guidelines: Resources and citations must be formatted according to current APA style and formatting. When appropriate, use APA-formatted headings.

· Resources: Your ideas must be supported with relevant recent, scholarly sources that are dated within the past five years and are properly cited and referenced in current APA style.

· Length of paper: 4–5 typed, double-spaced pages, not including the title page and references.

· Font and font size: Times New Roman, 12 point.

· Writing assistance is available through the Writing Center or Smarthinking, the free online writing tutorial and review service.

Discuss the benefits of establishing solid financial acumen in a company

Part 1: Financial Acumen

Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time. Using Campbellsville University library link or other libraries and the Internet:

1. Review at least three (3) articles on financial acuity. Summarize the articles in 400 – 600 words. Use APA formatting throughout including in-text citations and references.

2. Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen was either not supported as an organizational hallmark or, conversely, was built into the company’s culture.

Part 2: Sarbanes-Oxley (SOX)

Write a 200-word commentary on Sarbanes Oxley and the importance this act has for American businesses today. Your commentary should include the following:

A. Rationale for SOX
B. Provisions of SOX
C. Enforcement of SOX

 

2. Read and respond to 3 of your classmates’ posts. In your response to your classmates, consider comparing cash generation techniques at your company versus his or her company. Draw distinctions based on the industry and tell your colleagues why those distinctions are necessary for the management of cash flow. Below are additional suggestions on how to respond to your classmates’ discussions:

· Ask a probing question, substantiated with additional background information, evidence or research.

· Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives.

· Offer and support an alternative perspective using readings from the classroom or from your own research.

· Validate an idea with your own experience and additional research.

· Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings.

· Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.

Response student 1(rajendra tammbula) :

 

The aptitudes once obtained aides in positive activity and development of organizations or associations particularly with regards to managing organizations’ money related administration, contenders and building up the cost-adequacy of acquiring another item the market. The diverse in getting ready ventures are impelled for the delegates of budgetary authority. The agents like to share the particular endeavor plans to customers to share the spotlight that incorporates new customers with their knowledge. A portion of the guidelines incorporate devastation and misrepresentation of records, the maintenance time frame for putting away records and the sort of records which must be put away. The last being Global abilities which incorporate the understanding the worldwide and neighborhood markets and how the item or administration presented by the organization would happen in the particular markets.

There is amazingly more to cash related accomplishment than on a basic level incredible position. All choices will influence your business’ money related once-overs in at any rate two amazing ways. To turn into a money related keenness, it requires key abilities, for example, monetary aptitudes like budgetary measurements, education ideas, planning, foreseeing incomes, and detailing, business quality aptitudes, and worldwide abilities. It readies a spending limit, gauge, and settle on choices dependent on certainties, improve quality measures, devices, drive required outcomes, and increment the maintainability of a business. Finally, perhaps the most critical verbalization all in all site: don’t delay until tomorrow what should be conceivable today! With other establishment and rule we have seen horrendously habitually affiliations leave consistence until the latest couple of days and thusly suffer inimically results.

REFERENCES

1.      Amanet.org. (2019). 3 Financial Acumen Skills You Don’t Want to Ignore. [online] Available at: https://www.amanet.org/articles/3-financial-acumen-skills-you-dont-want-to-ignore/ [Accessed 21 Oct. 2019].

2nd student repsone (chandrababu karaku) :

 

Financial acuity refers to the needed skills required to make good judgment and quick decisions that concern financial issues in an organization. These skills are acquired through learning or gaining experience from an organization. The skills once acquired helps in positive operation and growth of companies or organizations especially when it comes to dealing with companies’ financial management, competitors and establishing the cost-effectiveness of bringing a new product in the market. Lack of financial acumen in an organization is shown when the organization is unable to make sound decisions to help it survive critical times leading to collapse. Different articles by different authors play an important role in helping the researcher to understand financial acuity.

These different articles presented similar understanding of financial acuity from different perspectives. An article named “3 Financial Acumen Skills You Don’t Want to Ignore”, for example, put into detail the significant and varied skills in financial acuity that people interested in running a successful organization based on profits must have. These skills include, financial skills which aim at strengthening important financial literacy metrics and concepts such as budgeting, reporting, forecasting and adhering to compliances. The second line of skills is the business skills. These skills enables people in the organization sharpen their abilities to keep the organization in order and work efficiently by managing resources and costs, focusing on quality and understanding trends in technology. The last category of skills is the global skills. They entail analyzing both local and global markets, untangling competitive intelligence, comprehending the importance of governance and developing a good corporate strategy. (AMA Staff, 2019)

Another article that explains financial acuity is “The importance of financial acumen in staff”. The article states that financial acumen must be created throughout the organization. Every employee must understand all that makes money for the organization for it to be a successful organization. It also states that untrained employees on financial acuity tend to make poor decisions. The article finally explains on ideas of how to introduce financial acuity in an organization. One important idea is that an organization should have training sessions for all department managers and after that the managers are assigned the tasks of speaking to the employees about financial acuity. Another highlighted idea is where staff members receive weekly e-newsletters on tips of improving financial acuity. (McGarvie, 2019)

The last article is “Linking Financial Acumen to Business Performance”. This article shows that attainment of financial acumen relies on a number of factors. These factors include the experience gained while in job and the continuous learning. It states that learning begins in the university and once employed, an employee also undergoes through specialized training that address specific training needs. The article conclude by stating that, for an organization to be successful, employees must have an understanding of what brings about profits in an organization. (Vorbach, 2017)

Financial acuity therefore is an important tool in any organization. All successful businesses employ financial acuity. For employees to make sound decision in their workplaces, financial acumen must come into play. To conclude with, financial acuity makes everyone in the organization understand how it makes money and what it entails in the decision making process. (Lund, 2019)

References

AMA Staff. (2019). 3 Financial Acumen Skills You Dont Want to Ignore. AMA Articles.

Lund, D. (2019). Why Financial Acumen is Important To Your Hospitality Career. INDUSTRY UPDATE.

McGarvie. (2019). The importance of financial acumen in staff. ICAEW.

Vorbach, P. (2017). Linking Financial Acumen to Business Performance. AG

Discuss whether you think cultural competency should be included as a core competency in most businesses

Part 1

Respond to the following discussion question. To earn full credit, post a response of 150 words that includes at least 1 APA citation and the associated reference:

Today’s organizations are flatter and offer fewer opportunities for advancement. How do you think careers should be developed in this type of organizational environment? Why would this offer a firm a competitive advantage.

Part 2

In your journals in this class, you will be applying what you are learning about to your personal learning and career development. Your journal post should be 150 words long. For this unit:

Consider your use of social media and your career development. How separate are these two activities? Identify ways you could utilize social media for your development and for your enhancement.

Part 3

Write a 4-5 page paper in APA format (not including the cover page and reference page) that responds to the prompts below the scenario.

Scenario.  As discussed in the Manager’s Notebook, “Competencies in a Global Workplace,” competencies can come from a variety of sources, including the job, the strategic direction of the organization, and the global nature of the business. Whatever the source, once competencies are identified, they typically become the key aspects measured in a performance appraisal system. For example, a competency for a salesperson’s job would likely include customer service. The formal performance appraisal for this job might then include a customer service dimension and include, for example, behavioral standards, such as “salesperson greets customer” and “salesperson helps resolve customer complaints,” on which salespeople are evaluated. In short, competencies become the criteria by which performance is measured.

Competencies should reflect what workers do on the job. For example, a job might include dealing with customers, putting together customer products, and expediting orders. Competencies associated with this type of job might include interpersonal skills, negotiation ability, problem solving, and organization skills. These competencies could then be illustrated and measured with observable reflections of these competencies, such as behaviors.

Competencies can reflect more than the core tasks that make up a job. As presented in the Manager’s Notebook, “Competencies in a Global Workplace,” competencies can be based on the strategic direction of an organization. For example, a manufacturing organization might commit to a strategy of customer service in order to have a competitive advantage in its industry. Engaging in customer service isn’t how the company currently operates, and it isn’t reflected in its current manufacturing jobs. However, customer service is a strategic target for the company. If it is going to reach this strategic target, customer service needs to be included as a competency and become part of how jobs are performed in the company.

Competencies can also reflect the global nature of business. The ability to recognize and deal with diverse values and cultures can be critical in today’s global environment. Global businesses routinely confront diversity in culture and language. However, increases in minority and immigrant populations are forcing local organizations to adapt to culturally and linguistically diverse groups. Cultural competency is increasingly being recognized as an important capacity. Cultural competency means that you not only have knowledge of a culture, but that you also have the skills needed to work with that particular ethnic group and the attitude to do so effectively.

Many organizations would benefit from improvements in their cultural competency. Teamwork and productivity suffer if a diverse workforce lacks cultural competency. Further, a lack of cultural competency could negatively affect service and sales to customers.

Assignment Goal.  Write a cohesive essay that responds to the prompts below.

1. Is there a distinction between diversity and cultural competency, or are they the same thing? Explain.

2. Of the three sources of competencies discussed—job, strategy, and global factors—what is their relative importance? That is, how would you weigh each of the three categories of competencies? For example, should they all be weighted the same, or should the ability to perform the current tasks take precedence over strategically important competencies or cultural competency?

3. Do you think that cultural competency should be included as a core competency in most businesses? Why or why not

4. Illiterate workers can suffer from embarrassment and fear that keeps them from admitting their problem. Instead, they may cope by asking questions, observing others, and relying on informal assistance from others. If illiterate workers can effectively cope with a work environment, do you think there is still a problem? Explain. How would you go about identifying workers who should receive literacy training?

5. Companies use various tactics to encourage managers to make employee development a top priority. What do you think of the policy of tying financial rewards to people development? What are some other ways companies can hold managers accountable for developing those they supervise?

6. As a manager, what could you do to offer career development for your workers? Do you think it would be worth it? Why or why not?