Monday, August 24, 2020

Strategy Myths Essay Example | Topics and Well Written Essays - 750 words

Methodology Myths - Essay Example e the interest of an item relies upon numerous factors and capacity that decide its capacity to fulfill the client needs (Stonehouse and Houston, 2012). For example, the item plan, item benefits, item quality and circulation systems will influence the capacity to accomplish achievement in the market. The achievement relies upon item an incentive to clients and not the value (Graham, 2005). 3. The third articulation expresses that ‘I am a decent cook so I should begin a restaurant’. This is a legend in light of the fact that wandering in to any market requires cautious filtering of the earth to distinguish the interest for the administrations, the assets accessible and serious quality of the specialist. For this situation, the executives of the café will require arranging, asset distribution, and controlling the workers (Graham, 2005). 4. ‘The client is consistently right’. This announcement is genuine on the grounds that clients whine for various reasons (Graham, 2005). The association must value the client objections and utilize such data in improving the nature of the item and administrations. Clients gripe for authentic reasons, for example, flawed items, poor item quality, poor after deal administrations of poor client connections the executives in the association (Graham, 2005). 5. ‘I’ll simply open my store, and individuals will stream in off the walkways and purchase from me’. This is a technique legend since buyer purchasing request is dictated by a few factors, for example, social variables, individual elements and mental elements. Likewise, the spot of dissemination must make client accommodation and fit in with client character and mentalities (Graham, 2005). 6. ‘It’s a cool thought. Everybody will cherish this’. This is a technique fantasy since reference bunches like close relatives, family members, and economic wellbeing in the general public impacts the shopper buying design. Buyers try to satisfy their mental needs, love and having a place needs and confidence (Stonehouse and

Saturday, August 22, 2020

French Terms Related to Movies and Film Festivals

French Terms Related to Movies and Film Festivals Regardless of whether you love going to film celebrations, watching motion pictures, or simply understanding audits, youll need to gain proficiency with some French jargon identified with movies.le film - film, moviele cinã ©ma - film theaterle Festival de Cannes - Cannes Film Festivalla Croisette - minimal cross, promenade which is the focal point of action during the festivalla sã ©lection officielle - official celebration selectionUn certain respect - Cannes classification for especially creative filmsla Palme dOr - brilliant palm, most noteworthy honor given at Cannes Kinds la comã ©die - comedyle documentaire - documentaryle drame - dramale film daction - activity moviele film daventures - adventurele film dã ©pouvante - horrorla sci-fi - science fictionle western - western Acteurs - Cast un acteur - actorune actrice - actressla conveyance - cast listle/la figurant/figurante - extralinterprã ¨te (m or f) - entertainer/actressle head rã'le - male lead, driving actorle chief rã'le fã ©minin - female lead, driving actressle second rã'le - supporting actorle second rã'le fã ©minin - supporting actressla outline - stroll on part/rolela vedette - star Équipe - Â Crew le/la bruiteur/bruiteuse - audio effects engineerle camã ©raman, cadreur - camera operatorle/la cinã ©aste - chief, movie makerle/la coiffeur/coiffeuse - hair stylistle/la dã ©corateur/dã ©coratrice - designerle directeur de la photo(graphie) - cinematographer, chief of photographyle/la maquilleur/maquilleuse - make-up artistle metteur en scã ¨ne - directorle/la monteur/monteuse - editorle preneur de child - sound architect, sound recorderle/la producteur/productrice - producerle producteur exã ©cutif - official producerla productrice exã ©cutivele/la rã ©alisateur/rã ©alisatrice - directorle rã ©gisseur - line maker, collaborator directorle scã ©nariste - screenwriter Scã ¨nes et Plans - Â Scenes and Shots larrã ªt sur picture - freeze framele framework - framedans le champ - in shoten dã ©cor, studio - on seten extã ©rieur - on locationle fondu - disintegrate, fadehors champ - off-camerale panoramique - panningun plan rapprochã ©/serrã © - close uple raccord - coherence Verbes - Verbs bruiter - to add sound effectscadrer - to outline a shotcouper - to cutdiriger - to directinterprã ©ter - to perform, actmonter - to editproduire - to produceprojeter - to extend, showtourner (un movie, une scã ¨ne) - to movie, shoot (a film, scene) Incidental laffiche - appearing, playing, on screenla bande sonore - soundtrackle bruitage - sound effectsle dã ©coupage - story boarddoublã © - dubbedlã ©clairage (m) - lightingle gã ©nã ©rique - credits, subject musicla grue - cranele mã ©trage - lengthle montage - editingle scã ©nario - screenplaysous-titrã © - subtitledle truquage - uncommon effectsVF - form franã §aise (named into French)VO - adaptation originale (in the first language with French captions)

Saturday, July 25, 2020

Bargaining Power Of Suppliers

Bargaining Power Of Suppliers UNDERSTANDING SUPPLIERS © Entrepreneurial Insights based on the concept of Porters 5 ForcesAn important force within the Five Forces model is the bargaining power of suppliers. All industries need raw materials as inputs to their process. This includes labor for some, and parts and components for others. This is an essential function that requires strong buyer and seller relationships. If there are fewer suppliers or if they have certain strengths and knowledge, then they may wield significant power over the industry.In this article, we will look at 1) understanding suppliers, 2) bargaining power of suppliers, 3) effect on target market, 4) example    the diamond industry, and 5) example the fast food industry.UNDERSTANDING SUPPLIERSTypes of Suppliers © Entrepreneurial InsightsDepending on the industry, there are different types of suppliers. Some of these may be:Manufacturers: Manufacturers are producers of either the entire product or components that feed into the end product manufacturing process. If the parts supplied are generic and have easily available alternates, the manufacturer will have less power. Conversely, if the manufacturer has important expertise or no competing producers, they will have significant say in the value chain.Distributors Wholesalers: These types of suppliers purchase products in large quantities from different companies, store these goods and eventually sell to retailers. These products may be made available at higher prices than if bought directly from the manufacturers, but this allows purchases to be made in smaller quantities than a manufacturer will be willing to supply.Independent Suppliers/Craftspeople: These people manufacture unique items in small quantities and provide them exclusively t hrough representatives or trade shows.Importer: These suppliers will purchase from international sources and sell to local retailers. They essentially act like domestic wholesalers/distributors for these products.Managing SuppliersGiven the importance of suppliers to the entire value chain, it is in the interest of companies to create and maintain good supplier relations. Some strategies that can be employed to this end include:The first step is to evaluate the cost and the value of the entire supply chain. With proper understanding, a supplier’s importance to the process can be evaluatedAnother important step is to build two way relationships with the suppliers. This can enable both parties to work together to achieve lower production costs that benefit everyone.Companies need to accept accountability for their end of the process. This means putting in orders on time and not requiring unnecessary changes later on.There need to be service level agreements and performance evaluatio n metrics predefined to keep an objective measure of performance. This will allow clear expectations to be set and followed up on.In addition to penalties, incentives also need to be established to encourage value creation through optimized production and delivery times.Critical information regarding the process needs to be shared with the supplier to ensure that there are no delays or unnecessary costs incurred. Open communication channels with the required levels of security and confidentiality will help strengthen the relationship with suppliers.There need to be plans in place for exceptional circumstances and emergencies. If processes are in place then the risk associated with them can be minimized.Contingency plans should be put together to avoid disruption to the value chain. Natural disasters or other disruptive events can be managed smoothly if all parties know the plan of action.Honesty should be rewarded in cases where an exceptional situation occurs and a warning is issue d in time and up front. No penalties should be put on the supplier in these situations.Meaningful meetings that focus on the critical issues for value chain improvement as well as relationship development can strengthen the buyer seller link.  BARGAINING POWER OF SUPPLIERSWhen suppliers have bargaining power, they can apply pressure on a company by charging higher prices, adjusting the quality of the product or controlling availability and delivery timelines. Within the five forces framework, there is an understanding that when suppliers have this bargaining power, they can affect the competitive environment and directly influence profitability for the company.Factors that Increase Supplier PowerSuppliers may have more power:If they are in concentrated numbers compared to buyers.If there are high switching costs associated with a move to another supplier.If they are able to integrate forward or begin producing the product themselves.If they have specific expertise or technology need ed to manufacture goods.If their product is highly differentiated.If there are many buyers and none make up significant portions of sales.If there are no substitutes available.If there are strong end users who can exert power over the organization in favor of a supplier (This can be the case in labor situations).In all of these cases, the bargaining power of suppliers is high to demand premium prices and set their own timelines.POWERFUL SUPPLIERS AND THE TARGET MARKETWhen a company’s suppliers have significant power over the value chain, it can directly impact how the company serves its own customers. Depending on what power the supplier chooses to exert, a company may have to reflect this through product prices, product quality and quantity available. Too much disruption in any of these areas may even mean that a company is no longer able to stay in business. A company may need to end operations or shift to another industry to avoid being dictated by the whims of a supplier.Prici ng The first issue a company usually has to face from a strong supplier is increased costs. A supplier who knows that they cannot be removed may insist on raising prices for their raw material too soon, or ahead of agreed upon timelines. If the buyer has to choice but to pay these prices, the resultant increase in total production cost will either need to be absorbed by the company itself or passed on to the consumer. If the profit margin does not allow the company to absorb this pressure, it will mean higher prices in the market. The target market may not be receptive to this change and sales may suffer. A loss of customers to a competing product or substitute may be another undesirable outcome.Supply/Product AvailabilityIf a supplier is unwilling or unable to meet quantity targets, then the company may have to deal with demand that outweighs supply. This can happen either in regular scenarios if the company decides to try and increase sales or at peak sale times such as holidays o r special occasions where people tend to buy more of some types of products.Quality IssuesThere may be cases where the supplier decides to compromise on the quality of the product in order to bring down costs. This will directly impact the company’s product offering and may create a negative impact on the end consumer if the quality issues are significant enough to impact user experience. There may be an increase in complaints, returns and exchanges, and in worse cases, an entire switchover to another product.Dictating Industry DynamicsIf a single large supplier chooses to supply to only certain companies, it may end up with the power to push companies out of the industry. In these cases, a company will be helpless and unable to save itself. If the product is a fully manufactured by a supplier, they may also choose to deign selling it directly to the customer often at a lower price.Mitigating Supplier PowerIf supplier power becomes too strong in the market, companies will try to f ind ways to reduce this power. If the demand for the product is high enough, there may be ways to develop alternate ways to produce or sell a product that reduces the supplier power. Product re-design, or product line diversification may be some of the ways that companies can try to dislodge powerful suppliers.EXAMPLE THE DIAMOND INDUSTRY © Flickr | Kim AlanizThe diamond industry worldwide has historically been controlled by De Beers, a world famous and cartel like company. In addition the industry is global in nature making a regional analysis irrelevant. The supply chain moves from one country to the next. Over the years, this power has moved from De Beers to a more widespread competitive marketplace with a few major competitors and some second tier ones. The modern diamond industry started in 1867 when diamonds were discovered in South Africa. Prior to this, limited quantities were extracted from India and Brazil.There are 3 types of diamond segments are industrial diamonds which have use in manufacturing processes, jewelry diamonds that are rough diamonds polished to be used in ornaments, and investment diamonds that are high quality gemstones with special characteristics. The diamond supply chain is vast including processes such exploration, mining, sorting, cutting and polishing, jewelry manufacturing, and even retailing.DeBeers And The Global Diamond Industry[slideshare id=23172625doc=debeersmagicfinale-130618211342-phpapp02]Issues in the IndustryThere are several issues that are pertinent to the diamond industry. These include:The industry has shifted from a pure monopoly to more of an oligopoly or consolidated one.Awareness within the diamond producing countries to be more involved in the process and to take ownership of this resource.There is a decrease in the supply if diamonds but an increase in worldwide demandAn awareness about and movements against conflict or blood diamonds which has made it necessary for suppliers to employ better practices.The synthetic diamond market is growing because technology has allowed the manufacture of these almost at par with the value of natural ones. This has shifted profitability and customer perceptions of valueFive Forces AnalysisKeeping these industry dynamics in mind, the five forces analysis is discussed below:Bargaining Power of SuppliersThe re is increasingly larger number of competitors in the market which has meant a larger supply of diamonds in the market. In the past, De Beers solved oversupply problems by collecting and storing them to be sold when deemed appropriate by them. This meant enormous power of the supplier over the industry. With the change in market structure and pressure by anti-cartel laws, this power has diminished somewhat. De Beers now focuses more on repositioning itself as the supplier of choice and not the only supplier. The company has handled bans on stockpiling by reducing mining and leaving diamonds inside mines. There is also more of a focus on stronger vertical integration, by moving to value-added retailing and partnerships with premium fashion brands such as Louis Vuitton.Other ForcesThreat of New Entrants: Before the breakup of the De Beers monopoly, it was virtually impossible for new entrants to jump into the industry. With forced change in business practices, stronger implementation of laws and discovery of diamonds in areas outside of the De Beers scope of control, competition has now increased in the market. There is now room for about 3 more major players and several smaller niche operators who often consolidate and manage to compete in smaller segments.Bargaining Power of Buyers: Historically, consumers had no control over the diamond industry, its pricing and supply. With an economic downturn in the industry, there was reduction in demand which lead to an oversupply problem and reduced prices. To address this, major companies reduced mining operations and turned the industry back to its higher demand lower supply model. Once again, the buyer’s power is non-existent in this industry.Threat of Substitutes: The biggest threat to the diamond industry are from high quality high tech synthetic diamonds. These directly impact the basis of the value of the diamond, i.e. the customer perception of its rarity and value. The price of diamonds are not a true indica tor of their value or supply. But it is all in the perceptions of the consumers. With synthetic diamonds, consumers will begin to challenge the diamond as a rare natural item and in some places they may overtake the sale of natural diamonds. In addition, these are sustainable and not the result of invasive mining activities. They are also easy to identify as not originating from a conflicted area. All these aspect make the threat of substitutes a real oneCompetitive Rivalry: In a change from previous industry structures, the broken cartel now means that there is some competitive pressure from the industry. There are still limited players, but overall, the increased presence of different companies means a more competitive market.EXAMPLE THE FAST FOOD INDUSTRY © Flickr | JoeySuppliers play a key role in the value chain of the fast food industry. Chain restaurants rely on suppliers for food items, packaging, napkins, as well as items like plates and spoons. The same suppliers may be serving competing chains in an industry. This means that the power of these suppliers needs to be assessed by any company looking to enter the industry. A strong supplier may be able to effect profitability, quality of products and force companies to raise prices.   The following factors may raise the bargaining power of suppliers:If the suppliers have a larger base of customers, then they will be able to exert more control over the buyer. When the bulk of sales in not made up of one company’s business, the supplier can afford to drop a buyer who resists its efforts to exert control.If there are only a few suppliers in the market then they will manage to have more control. Fast Food chains can simply pick other suppliers in industries where suppliers are mani fold. In this case the supplier will have to meet the buyer’s demands or sell a highly differentiated product.Suppliers with strong brand names of their own will be able to exert more control. Generic products on the other hand will have significantly less bargaining room. For example, condiment makers who supply to chain stores may be able to leverage consumer preferences for their product over a generic one of the same type. Also, beverage choices such as a preference for Coca Cola over Pepsi may drive people from one chain to the otherAny fast food chain needs to consider what power suppliers in its regional market exert before making the decision to move into that market or expand operations.Image credit:  Flickr | Kim Alaniz and Flickr | Joey under Attribution 2.0 Generic.

Friday, May 22, 2020

The Death Of Loved Ones And The Mistreatment Of Their...

In Homer’s Iliad and Thucydides History the death of loved ones and the mistreatment of their bodies provoke a variety of profound emotions and reactions. The mistreatment of Patroclus’ and Hector’s bodies results in the inability of the soul to pass into the afterlife, the grief of families and friends, and, once the funeral takes place, the celebration of their kleos and timÄ“ by their communities. The catastrophic plague in Athens, by contrast, creates a state of hedonistic lawlessness among the citizenry due to the unpredictability of death and the breakdown of democratic ideals as previously articulated by Pericles, while the civil war in Corcyra shows the personal animosity people have to one another and the violent inclinations within social groupings. The burial delay of Patroclus’ body leads to the spirit’s helplessness to pass into the afterlife, and when the Athenian plague hits people disregard laws to bury their loved ones, resulti ng in the breakdown of politeia. As Patroclus falls from battle, the agony of the news, leads to Achilles’ frenzy to retrieve the body. . Patroclus’ shade visits Achilles informing, â€Å"Bury me quickly / So I may pass through Hades’ gates†(Il.23.76-77), implying that without his proper burial he is not capable of â€Å"moving on†. The restlessness and torment the spirit must face shows the urgency of being buried even in a crisis, â€Å"They would arrive first at a funeral pyre that had been made by others, put their own dead upon it and set itShow MoreRelatedComparing Burial Rituals And A Thousand Splendid Suns1525 Words   |  7 PagesAfghan women, yet does not follow the life of a specific real person. Despite these differences, both novels explore oppression, specifically of women, and the characteristics these women portray even as their desires and hopes are crushed by society. One of the main ways in which the inequality between men and women was seen, is in the education of women. In Burial Rites, the education of women was consistently frowned upon by men in many social positions. This was captured by Agnes when she explainedRead MoreFear and Control of the Unknown Essay874 Words   |  4 Pagesthese unique individuals to assimilate or be constrained because of the publics fear and anxiety of the unknown. Such insecurities led to the mistreatment and restraint of both the slaves as portrayed in Incidents in the Life of a Slave Girl and the mental patients in One Flew over the Cuckoos Nest. One of the most apparent and important themes in both One Flew over the Cuckoos Nest and Incidents in the Life of a Slave Girl is control. Fear is used as a means to gain control over the slave byRead MoreAnalysis of William Faulkners A Rose for Emily Essay1187 Words   |  5 Pagestone of â€Å"A Rose for Miss Emily† could be described as one of complicity and guilt. 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Women who have gone through pregnancy have experienced less life-threatening yet painful complications such as hypertension, anemia, ectopic pregnancy and etc. In addition, abortion is proven to be safer than childbirth as the â€Å"risk of death from childbirth is at least 11 times greaterRead MoreEssay about Frankenstien All Behavior Is L616 Words   |  3 Pagesmonsteramp;#8217;s behavior was directly related to, his experiences with society and its treatment of him. All behavior is learned, therefore if the monster was to be good or evil depended on societies reaction to him. Even though the monster had a fully matured body, he was like a child because he had no memories or experiences of his own. When th e monster was given life he had no concept of good or evil. Everything that he did or experienced was something new to him. All of the monsteramp;#8217;s behaviors would

Friday, May 8, 2020

Summary Of The Writing Revolution By Peg Tyre - 998 Words

The article â€Å"The Writing Revolution† by Peg Tyre is a piece which aims to address the problems in school systems often associated with the way in which writing is taught to students. Tyre’s article conveys the different arguments presented in the course of teaching writing to students, which have been shown to be on opposite sides of the creative and analytical spectrum. These different perspectives of how to build the foundation of writing for the children of America as well as other countries are backed similarly on both sides, though the debate still continues. â€Å"The Writing Revolution† instead of focusing on all aspects of writing, highlights the effectiveness of analytical fundamentals over that of creative writing in helping to†¦show more content†¦Ordinarily the catch method required much of the writing for children to be mostly directed towards self-expression and often times lacked any sort of formal writing instruction. Consequently, those students who could not catch the vital information to be a successful writer often seemed to be left in the dust. Tyre’s article as well provides a constructed argument held by those who oppose the full implementation of this new writing method used at New Dorp, where Kelly Gallagher expresses her concern when writing is fully focused on analytical writing, that creative expression of students may be diminished. I believe that the use of this opposing argument, though not too lengthy, helps readers to also consider the backlash of this implementation of writing, but also provides an insight into how the pros compare to the hypothetical cons in this situation. The implementation of analytical writing into a plethora of subjects I believe to be quite helpful through my own experiences as a student. This is because often times in the past and all the way up to current day, being taught theShow MoreRelatedStrategic Marketing Management337596 Words   |  1351 Pagesstrategy The marketing/strategy interface Summary xi xiii 1 3 3 7 11 19 37 41 43 45 45 50 53 70 71 75 77 79 79 80 81 86 88 89 101 102 104 107 109 Stage One: Where are we now? Strategic and marketing analysis 2 Marketing auditing and the analysis of capability 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Learning objectives Introduction Reviewing marketing effectiveness The role of SWOT analysis Competitive advantage and the value chain Conducting effective audits Summary 3 Segmental, productivity and ratioRead MoreMonsanto: Better Living Through Genetic Engineering96204 Words   |  385 Pages441 441 CASE STUDIES A summary of the case analysis I N T R O D U C T I O N Preparing an effective case analysis: The full story Hearing with the aid of implanted technology: The case of Cochlearâ„ ¢ – an Australian C A S E O N E high-technology leader Delta Faucet: Global entrepreneurship in an emerging market C A S E T W O DaimlerChrysler: Corporate governance dynamics in a global company C A S E T H R E E Gunns and the greens: Governance issues in Tasmania C A S E F O U R Succeeding in the

Wednesday, May 6, 2020

Starting Up a Cookie Company Free Essays

Starting up a cookie company on-campus You and your roommate are preparing to start a company producing cookies in your oncampus apartment. By starting up this business, you want to provide fresh cookies to starving fellow students late at night. However, you still have to figure out some aspects of the business model such as the price to charge, whether you will be able to make profit and how many orders you can accept. We will write a custom essay sample on Starting Up a Cookie Company or any similar topic only for you Order Now The business concept You have an extraordinary idea: to bake fresh cookies on delivery, using a customer chosen combination of ingredients. The cookies can be picked up at your apartment within one hour. Several factors will enable you to be different from your competitors such as store-bought cookies. First, the cookies will be fresh since they will only be produced after the order is received. Therefore, the buyer will be getting cookies that are literally hot out of the oven. Second, you will have a variety of ingredients available to add to the basic dough, including chocolate chips, MM’s, chopped Heath bars, coconut, walnuts, and raisins. Buyers will telephone in their orders and specify which of these ingredients they want in their cookies. Consequently, you will have the freshest, most exotic cookies anywhere, available to your fellow students next to campus. The production process Baking cookies is simple: mix all the ingredients in a food processor, spoon out the cookie dough onto a tray, put the cookies into the oven, bake the cookies, take the tray of cookies out of the oven, let the cookies cool and finally, take them of the tray and pack them in a box. You and your roommate already own all the necessary capital equipment: a food processor, cookie trays and spoons. Your apartment is equipped with a small oven that is able to hold one tray at a time. Your landlord pays your electricity. As such, the variable costs are merely the cost of the ingredients (estimated to be 1 Euro/dozen), the cost of the box in which the cookies are packed (0,30 Euro/box, each box holds a dozen cookies), and your time (what value do you place on your time? ) A more detailed description of the production process is described below. The first step of the whole process is to take the order. Your roommate has figured out how to do this quickly and This case is an adapted version of the Kristen Cookie case, Harvard Business Review. ith 100% accuracy: by using electronic mail to accept orders and to inform customers when the order will be ready. Since this process runs automatically, it does not take any of your time. Therefore, this step will be ignored in further analysis of the process. You and your roommate have timed the necessary physical operations. The first physical production step is to wash out the mixing bowl from the previous batch, add all of the ingredients, and mix them in your food processor. The mixing bowls hold ingredients for up to three dozen cookies. You then dish up the cookies, one dozen at a time onto a cookie try. These activities take about six minutes for the washing and mixing steps, regardless of how many cookies (i. e. , one or more dozens). However, dishing up the cookies onto the tray takes two minutes per tray per dozen. The next step, performed by your roommate, is to put the cookies in the oven and set the thermostat and timer, which takes about one minute. The cookies bake for the next nine minutes. So the total baking time is 10 minutes, during which your roommate is busy setting the oven during the first minute. Since the oven only holds one tray, a second dozen takes an additional 10 minutes to bake. Your roommate also performs the last steps of the process by first removing the cookies from the oven and putting them aside to cool for 5 minutes, then carefully packing them in a box and accepting payment. Removing the cookies from the oven takes only a negligible amount of time, since it must be done promptly. Furthermore, it takes two minutes to pack each dozen and about one minute to accept payment for the order. As experienced bakers know, the description above contains some simplifications. For example, the first batch of cookies for the night requires preheating the oven. However, such complexities will be put aside for now. Please begin your analysis by developing a process flow diagram of the cookiemaking process. Question before starting up your business To launch your business, you need to set prices and rules for accepting orders. Some issues will only be resolved after you get started and try out different ways of producing the cookies. Before you start, however, you at least want a preliminary plan, which as much a This case is an adapted version of the Kristen Cookie case, Harvard Business Review. possible specifies, so that you can do a careful calculation of how much time you will have to devote to this business each night, and how much money you can expect to make. For example, when you conduct a market survey to determine the likely demand, you will want to specify exactly what your order policies will be. Therefore, you will have to answer the following operational questions: How long will it take you to fill a rush order? -How many orders can you fill in a night, assuming you are open four hours each night? -How much of your own and your roommate’s valuable time will it take to fill each order? -Because your baking trays can hold exactly one dozen cookies, you will produce and sell cookies by the dozen. Should you give any discount for people who order two dozen cookies, three dozen cookies, or more? If so, how much? Will it take you any longer to fill a twodozen cookie order than a one-dozen cookie order? How many food processors and baking trays will you need? -Are there any changes you can make in your production plans that will also allow you to make better cookies or more cookies in less time or at lower cost? For example, is there bottleneck operation in your production process that you can expand cheaply? What is the effect of adding another oven? How much would you be willing to pay to rent an additional oven? This case is an adapted version of the Kristen Cookie case, Harvard Business Review. How to cite Starting Up a Cookie Company, Papers

Monday, April 27, 2020

THE COLT SIX-SHOOTER The Colt Six Shooter Will Always Be A Legend To T

THE COLT SIX-SHOOTER The colt six shooter will always be a legend to Texas. Whether you know it as an accurate, cowboy, Texas Ranger, gun-slinging, out West, corral gun, or as a little protection, the colt will never be forgotten in Texas. Sam Colt is known as the inventor of the first revolving firearm. Sam's mother died when he was six and his father owned a silk mill in Ware, Massachusetts. When Sam Colt was seven, he was fascinated by guns. He took apart his father's gun in a field and was able to successfully rebuild it. Science, adventures of an active life, and mechanics were all the favorite passions of young Samuel Colt. During 1830 - 1831, Sam Colt was abroad at sea. It was during these years that Samuel first conceived the idea of a revolving firearm. Some think it may have come from watching the revolving wheel of the ship, turning and locking. While on board ship, Sam must have seen other revolving firearms in London or India. Sam carved a wooden mod el of his ideal gun while he was at sea. None of what Sam may have previously seen on revolving guns could have led to his invention. His ideas were not copied from any source, even though the revolving idea was not unique. When Sam arrived home from sea, he showed the wooden model to his father and a family friend. This friend was Henry Ellsworth, Commissioner of the United States Patent Office. Both Sam's father and Mr. Ellsworth were greatly impressed by the model. They encouraged Sam to file for a patent for his revolving firearm. On February of the 25, in the year 1835, the first United States patent was granted for a colt revolver. The patent that Samuel received covered eight basic features. First, the application of caps at the end of the gun cylinder. Second, the application of a partition between the caps, as well as other basic ideas. The other areas of the patent cover the application of certain parts of the gun, the principle of locking and turning the cylind er , and all of the basic revolver parts. In 1848, the new pocket model revolver was introduced. Colt devised an alternative means of loading the gun - removing the barrel and cylinder, and either switching an empty cylinder for a loaded one or using the axis pin as a ramrod. This gun was nicknamed the "Baby Dragoon" because it resembled the bigger Dragoon. The pocket-sized pistols had a larger span of appeal to the public. Even Sam Houston of Texas ordered a Baby Dragoon from his friend Sam Colt. Houston told Colt, "(If) you have a small pistol, or will soon have one made of choice quality, I wish you to bring it with you as I wish to purchase one. I did not know (of them) until a few days since- I then saw one for the first time and was greatly pleased with it." The type seen be Houston was an actual Baby Dragoon with a square-back trigger guard and a Texas Ranger scene on the cylinder. This particular scene was of a Texas Ranger and an Indian in a fight scene. T he colt revolver served a great purpose for the Texas Rangers. This pocket-sized gun could be casually carried around and easily reloaded. The beauty of the gun was its six consecutive shots and its precise accuracy. The Texas Rangers and other Texas gunslingers know Colt as the "cream of the crop" in gun making, supreme revolving techniques and great precision make Colt the number one gun for Texans. Bibliography: 1. The Handbook of Texas, p 382 The Texas Historical Association 2. Colt : An American Legend, all pages Wilson Publishings ; Robert Lawrence Wilson 3. How It Works, p 3240 H.S. Stuttman Inc.