Nakamura Lacquer Company Essays

Nakamura Lacquer Company Essays Nakamura Lacquer Company Essay Nakamura Lacquer Company Essay EXECUTIVE SUMMARY Our Company has limited growth in Domestic Market as we are already the best seller. We are having no international business. As classified by the Government of Japan, we cannot invest abroad hence should think seriously about export. The National China Company, the largest manufacturer of good quality dinnerware in United States has offered the annual purchase of 400000 sets of our product at 5% extra price for three years. Semmelback, Semmelbach and Whittacker, Chicago, the largest supplier of hotel and restaurant supplies in Unites States and buyers of dinnerware and similar goods for a number of department stores are willing to represent our â€Å"Chrysanthemum† brand for five years at a) standard commission rates and b) first 20% on all the sales Our Company will make during that time to recover the investment they are bearing for the introduction and promotion in United State. SITUATION ANALYSIS Our company is a market leader in domestic market. We are having no international business. For future growth, Company has to target the other segments of domestic market and to start exporting. Classified by the Government of Japan, We cannot invest money abroad. The National China Company has demanded for fixed order and Semmelback, Semmelbach and Whittacker, Chicago is willing to represent the company in United State. Both the offers can’t be accepted together. STATEMENT OF OPTIONS ?Domestic Market ?International Market Export to other countries. Offer from the National China Company. The offer from Semmelback, Semmelbach and Whittacker, Chicago. CRITERIA OF EVALUATION 1. Existing production level 2. Investment 3. Selling price 4. Profit 5. Brand Value 6. Time period required 7. Risk involved 8. Market segments EVALUATION OF OPTIONS 1. Existing production level: A substantial business, employing several thousand labors and production of 500000 sets of lacquer table ware each year so as to meet the demand from domestic market. Significant changes need to be done in the Company to trade internationally. 2. Growth: Company has a limited growth in Domestic Market as we are already the best seller. We are having a very little or no international business. The first offer enables us 80% more efficient company than the existing one after three years. While the second offer brings more potential in company’s growth in United State. 3. Investment: Optimum utilization of available resources is required if we need to cut down the expenses incurred in meeting the new demand. For domestic market, there will be no major rise in production cost whereas for international business, cost involved is more for changes required in meeting the standards of other countries, labor cost, expansion of production set up and company set up as the demand will be 80% in first offer and for second offer, demand may rise to a couple of million sets. . Market segments: We need to launch the new brand with better quality to tap high-class consumers in Japan. The other market segments like Hotel and Restaurant have to be identified. 5. Selling price: No major increase in price is applicable in domestic market. In case of other market segments, the price is to be comparable with price of existing. In export increase in price is more applicable. First offer has assured 5% increase in price where as in second offer; higher prices can be induced as the customers are like Hotels and restaurants. 6. Profit: The overall profit will be less initially if company introduces brands for segments in domestic market and will grow in the long run but the percent profit will be more or less same. The overall profit and profit percent will be more in the long run if company opts for export. First offer promises fixed rise of 5% in profit percent whereas in second offer overall profit and change in percent profit depends on the response from the customers. 7. Brand Value: Company will achieve more stability in domestic market as we will have brands for different market segments. First offer doesn’t contribute in brand establishment whereas in second offer, after five years brand will be established in United State and company will be globally projected. 8. Time period required: Time period may vary as per the response of the other market segments to our brands. In the first offer, after three years, company will be potentially double than the existing one whereas in the second offer, minimum of five years are required to establish the brand. The time period may be more than five years if the response of the customers not found positive. 9. Risk involved: Expansion of business in domestic market is less risky as our company is well established. First offer brings no risk as the offer is fixed in quantity and price whereas in second offer, the risk involved is very high. If the response turned out to be less promising, the cost incurred in increasing the production level, set up will be hard to recover. RECOMMENDATIONS 1. To invest for other market segments in Japan. 2. The company should accept the first offer. 3. The company should look at the similar opportunities as the second offer for the business in other countries. ACTION PLAN: 1. A market survey of Japan to understand the exact need from the different segments. 2. Evaluation of our company’s current production capacity. Optimization of labor cost. 3. Survey of international market to understand the requirements from different countries and to know the major competitors available and their market share. CONTINGENCY PLAN: ?We need not worry about the possibility of failure while meeting the demand generated by The National china Company. ?Failure to tap the other segments of domestic market will not cost the company much.

How to Get a Raise at Work

How to Get a Raise at Work Your salary  now actually can have a profound impact on what you will make later down the line- not to mention how much you’ll have to work with when it comes time to retire. Make sure you’re not sabotaging your chances for a raise by following these 6 steps on how to get a raise at work. 1. Ask†¦You’ll never get it if you don’t ask. This is true of almost anything. It’s also true that most employees just don’t ask for a raise- even if they think they’ve earned it and are overdue. And the vast majority of employees who do ask usually get what they ask for, or just a little less. A raise ain’t gonna fall into your lap! You have to ask for what you want to stand a chance of ever getting it.2. †¦but don’t ask  too soon.Millennials in particular are guilty of thinking they deserve a raise or a promotion much sooner and more regularly than perhaps they actually do. Never ask before you’ve been at a company for at least a year, and have really gotten your feet wet and your hands dirty and made some marked progress there.3. Be prepared.It’s not enough to waltz into an office and demand a raise. You need to do your homework, figure out what’s a reasonable ask, and have a negotiating strategy in place. You’ll be asked for a number; have one ready. Also be ready to highlight and defend your accomplishments and show how they are (currently) undervalued assets.4.  Know exactly what you want.This doesn’t just pertain to dollar amounts. This pertains to career goals. Figure out the next 5 to 10 years of your trajectory. Figure out how this raise falls into that, have a number beneath which you’re not willing to go, and be the one in charge of defining your own goals and worth.5.  Let them know you might walk.It never hurts to leave the â€Å"or I’ll walk† card on the table in salary negotiations. Even if you have no intention of leaving. If your boss knows you’ll stay no matter what, she’s never going to offer to pay you more.6.  Don’t focus on â€Å"fairness.†But it isn’t fair. Or this is fair†¦ The truth is, there is no such thing as fair. Or there is- it just has no place in salary negotiations. Instead, approach it as a kind of contest. And if you can have a trump card, like another offer, or the threat of seeking one, then you’ll be in a much better position to win that contest.

Art History since 1945 Essay Example | Topics and Well Written Essays - 1250 words

Art History since 1945 - Essay Example This study will evaluate two art pieces; Bed, by Robert Rauschenberg and Wall Drawing 17, by Sol Lewitt, to show how visual rhetoric can structure and convey ideas and pass on messages through sight. In addition, it will discuss how to classify and evaluate between two art pieces and correctly placing them in different contexts depending on the attributes they present. One graphic artist and painter, Robert Rauschenberg, an American who lived from nineteen twenty-five to two thousand and eight, created this art piece. He is famous for his unique art works called â€Å"combines† in which he would employ non-traditional objects and materials in creating rather interesting and rare art pieces. He also featured in other disciplines such as photography, painting, papermaking, printmaking and as a performer as well. He lived his entire life in America where he resided in New York until he died. His piece of focus, Bed was created back in nineteen fifty-five and is currently on display at the Museum of Modern Art. It is an Oil and Pencil on pillow, quilt, and sheet held on wood supports. It measures 191.1. X 80x 20.3 centimeters. In its construction, Rauschenberg used a pillow together with a quilt and sheet framed in wood, paint and a pencil to create it1. From a distant view, the art piece looks like an actual bed because in addition to its fram e, Rauschenberg combined the other â€Å"beddings† so well, similar to a neatly-spread bed. At what should be the headrest, he folds upwards to expose layers of cloth resembling the beddings. They are cast aside, allowing one to see what should be the mattress. In addition, there are splashes of paint in some specific areas, which seemingly help in merging the â€Å"sheets† to the underlying mattress and bed. When it comes to the historical context to which it fits into, the Bed may fit perfectly in the Dadaism Art

Problem Solution for TerraTech Case Study Example | Topics and Well Written Essays - 2500 words

Problem Solution for TerraTech - Case Study Example The company is now at a point where they need to determine how they will move forward to meet not only the current, but future demands of the clients. In order to do this it will be important for the company to carefully implement a strategy to accomplish their goals. There is always the alternative to do nothing, but if TeraTech wishes to survive this is not an option. The current issues that have been identified are poor customer satisfaction reviews, slowing growth, and staffing concerns. Moving forward, the company will have to decide how to best address these issues. TeraTech is a major player in the CRM solutions arena for the pharmaceutical industry. However, after receiving feedback from their customer base they have found that their customers are overall unhappy with the level of support provided for their current CRM technology, nor are they satisfied with the results that the software is producing for them. It has been identified that the current technology lacks the analytical capabilities that their customers need to realize a return on their investment in the technology. TeraTech has the opportunity to develop a new technology that would better meet the needs of their clients and help them to obtain a competitive advantage. Proper execution of a new product development and launch is imperative to the success of the product (Kerin, 2006, ch. 10, pp. 15-20). It is evident that in order for TeraTech to remain competitive they will need to implement a new technology that will meet the needs of their customer base. There is a major issue facing the company at the present time in the area of staffing. Management feels that they do not have the necessary talent and skills available in order to "develop and support an analytical product" (UOP, 2008, Scenario). In fact, with the resources available at the current time they are not able keep up an acceptable level of customer satisfaction and stand to lose business. Since the human resource department is insisting that the company does not recruit any new talent within the next year, TerraTech has an obvious staffing issue that must be addressed. Maximizing current human resources capital will prove to be quite a challenge. Perhaps the most important issue facing TerraTech is the fact that their customers are not satisfied and that they stand to lose the customer base that they have worked so hard to acquire. As mentioned above the first issue is that the current technology is not meeting their needs, but in addition to this a good percentage of customers are reporting that they are not happy with the level of support and customer service that they have received from the company since they have began using the CRM system. TeraTech must address this issue and they have a good opportunity to improve the level of service and support they are providing their customers. Stakeholder Perspectives/Ethical Dilemmas Anytime that a company seeks to make changes or branch out into unknown territory, there will be doubt and conflict within the organization. A lot of this comes from the tendency of human nature to resist change coupled with the fear of failure. According to the UOP, Scenario One - TeraTech, research has revealed that most new products fail and this fact "increases anxiety amount the different groups who must

Real Estate Investment Trusts :: GCSE Business Marketing Coursework

Real Estate Investment Trusts A real estate investment trust, or REIT, is a company that buys, develops, manages and sells real estate assets. There are three types of REITs; they are equity REITs, mortgage REITs, and hybrid REITs. An equity REIT is a corporation that purchases, owns and manages real estate properties; it does not own or originate real estate loans. It may also develop properties. A mortgage REIT is a corporation that purchases, owns and manages real estate loans; it does not own real estate properties. It may or may not originate commercial and/or residential loans. A hybrid REIT is a corporation that purchases, owns and manages both real estate loans and real estate properties. It has the qualities of both an equity and mortgage REIT which is why it is referred to as a hybrid. One of the most distinguishing characteristics of a REIT is that they are required to distribute at least 95% of taxable income to shareholders. REITs allow participants to invest in a professionally-managed portfoli o of real estate assets. This is important because prior to Congress's creation of REITs only extremely rich individuals were able to benefit from ventures in the real estate market. By pooling assets together in a manner similar to that of a mutual fund, REITs allow the everyday investor the chance to invest in real estate properties. The main benefit of a REIT is that it is exempt from double taxation. The normal corporation is taxed on earnings, and then when dividends are paid, the individual receiving the dividend is taxed. REITs can deduct dividends distributed from taxable income. This results in only one level of taxation. The main disadvantage of a REIT is that since nearly all earnings are distributed as dividends, the trust must find capital to reinvest into the business from other areas. These funds are usually raised by investments in the market, and through the capital gains realized from the sale of the REITs assets. The second method by which REITs procure capital to reinvest into the business raises an accounting issue regarding the classification of assets. Currently, the buildings and property that REITs utilize to raise income are classified as property, plant, and equipment. However, it can be argued that these assets should be classified as inventory. The accounting definition of property, plant, and equipment specifies those properties of a durable nature used in the regular operations of the business.

Creating atmosphere

Creating an atmosphere of tolerance, acceptance and caring requires a consistent effort to understand the students who come from different cultures. It is important to treat their cultural and linguistic backgrounds as valid and equal to our own background. Treating their cultures as important and respectable creates an atmosphere of mutual trust and collaboration among the students. The broader understanding should reflect in every aspect of the academic institution. Building multicultural class room is an ongoing process and it requires consistent investment of time, money and effort.The diversity of students in today's classrooms underscores the importance of developing curricula, teaching strategies, and policies to help all students succeed in school. (Ingram, 2000) The diversity of students in the class room calls for creating an atmosphere of caring, understanding, and accepting other cultures. Treating the cultures as valid, equal and important is fundamental in creating an a tmosphere that fills confidence in both the teacher and the taught.Creating such an atmosphere becomes impossible unless the authorities who run the institution believe in the philosophy of understanding, acceptance and respect for other cultures. The process of creating an atmosphere of tolerance and acceptance begins with the very mission statement of the institution. The issues and needs of multi-cultural class room should be analyzed and understood and the learning from the same should reflect in the action plan.The analysis should take into account the problems and challenges of the faculty members, the fears and doubts of the students and the different aspects of administration of the school management. When every department in the institution follows the same action plan and philosophy and show the same spirit it becomes easier for the students to imbibe the same. Especially in the class room where people from five different ethnic groups are present, the question of creating an atmosphere of tolerance, acceptance and caring attains greater significance.The class room which has students from India, China, Kenya, Arabia, and Europeans along with the native students, it is most essential to foster an atmosphere of confidence and freedom for the students to have a healthy intellectual growth. The recognition and acceptance of students from all backgrounds and culture is essential to the concept of multi-cultural education. Multicultural education is a reform movement whose major goal is to change the structure of educational institutions so that all students have an equal chance to achieve academically in school.(Mungai, 2008) The diversity of students in the class room makes it more challenging for the faculty and the administration to create an atmosphere of acceptance, tolerance, and trust. For the students the class room not only opens up a new of world of learning experiences but also challenges them in understanding, welcoming and accepting new cultu res of other students. The role of the teacher in that multi-cultural class room acquires greater significance as he is challenged with the double task of teaching the subject and creating an atmosphere of care and understanding.Teachers embracing multiculturalism will offer for some of their students the first opportunity to stand in the center of life’s stage. They will demonstrate that the democratic ideals on which this country was founded apply to their school life and to their personal lives. (Josephine Scott, 2001) Teachers feel it a daunting task to deal with the students effectively in a multi cultural class room. Being aware of their weaknesses and drawbacks in dealing with all types of students is helpful in overcoming those challenges.When dealing with students it is not unusual for some teachers to feel comfortable with some students and uncomfortable with certain other students. Naturally it will leave different impressions on the students and it may also influe nce in giving grades to the students. Hence, evaluation of teaching practices and class room behavior and reflecting on the same plays a crucial role in modifying the approach of the teachers. Inviting other teachers and taking feed back from students and peers will go a long way in overcoming many of the problems.Making the content of the lessons multi cultural in subjects, though it is not possible in all the subjects, will expose the students to different cultures. Teacher’s self assessment about his level of consciousness and awareness of other races, religion and cultures helps him a lot in planning the class room activity effectively. Talking about the crucial role of teachers in creating a multicultural class room, Betty Wilson highlights the importance of teachers learning of new cultures.She says: I think it's very important for teachers to know their own cultures very well and study their own cultures, because then they begin to become more reflective listeners. The y look at other people's cultures in a different light, and they begin to see the similarities and differences in their cultures. It becomes a journey in a classroom of learning, because by the teacher sharing their own culture, then the students are more open to that. (Wilson, 2000)As Betty Wilson, the director of multicultural education at Oak Park School, rightly points out learning other cultures will be an enriching experience This demands not only learning new things and cultivating new habits but also unlearning old habits and beliefs. A resource center rich in solutions for the teachers solves many of the dilemmas of the teacher of multi-cultural class room. Sharing the experiences of other faculty members across the university or other institutions will be immensely useful for solving many of the issues in the day to day activities in the class room.Creating opportunities for knowing other cultures about their history and present situation and problems should be made a part of academic curricula. Planning on campus or off campus events teachers and their assistant will have a better understanding of the needs of young people who are members of different cultures. A multi-cultural celebration day is a wonderful idea for all the students who come from different cultures to express themselves freely and to recognize and understand the importance of other cultures.Setting up a bulletin board that gives equal importance to all the five different cultures without hurting the feelings of others is major step in announcing the multi-cultural festival. The board provides ample space for exhibiting the important or representative symbols all the cultures that are present in the class room. Assigning the work to the students to create their own poster expressing their cultural values and symbols encourages all the students and involves every student in the work. Monitoring their work without any interference in their creative expression is a delicate task and it should be dealt with very sensitively.Giving clear instructions in advance will solve many delicate issues. For example, informing the students clearly the place of their poster on the bulletin board following an objective method like the alphabetical order avoids scope for conflict. In fact, to create multicultural class room is a continuous process. It does not end with a multicultural festival. It requires careful planning and meticulous execution over a period of time to establish strongly a base for multicultural class room environment. It will not happen in a day or a semester.It is a demanding work for life long involving learning and unlearning. Creating a healthy multicultural class room is not just the work of the class teacher only. It needs active participation of every teaching and non teaching staff member of the institution. The support and leadership of the authorities who run the institution and the participation of all the departments are the foundation on which t he edifice of a multicultural class room can be built. Of course, the process is bound to have certain occasional failures and setbacks but the process should be an ongoing one.It requires a lot of determination, time, effort and money and the investment of all these are worth building a multicultural world for a happy and healthy coexistence. It calls for a long-term investment, an investment in our own growth and change as well as in our students and in the university and society of which they and we will continue to be a part. (Mark Chesler, 2003) References Chesler Mark (2003) Teaching Well in the Diverse/Multicultural Classroom http://www. aahea. org/bulletins/articles/sociology. htm Ingram Arlette Willis (2000) Addressing Literacy Needs in Culturally and Linguistically Diverse Classrooms.http://www. ncrel. org/sdrs/areas/issues/content/cntareas/reading/li400. htm Mungai Anne,(2008) Help! I Am Not Prepared for A Diverse Classroom http://www. cluteinstitute-onlinejournals. com/P rograms/Puerto_Rico_2008/Article%20123%20Mungai. pdf Scott Josephine (2001). Meeting the Diverse Needs of All Students http://www. eduplace. com/science/profdev/articles/scott. html Wilson Bette (2000) An Interview at North Central Regional Educational Laboratory. http://www. ncrel. org/sdrs/areas/issues/content/cntareas/reading/wilson1trns. htm A Sample Bulletin Board to be created

Study And Investigation Questions On Chinua Achebe s ...

Geography 101 Name _______________________ Spring 2016 Things Fall Apart Study and Investigation Questions (post to the D2L page, turn in one copy at the beginning of class, save one copy for yourself) What are the farthest northern, western, eastern, and southern points in Nigeria as described in absolute terms? (4 absolute locations [estimate to nearest degree], 2 coordinates each) Find and note the same for the Democratic Republic of the Congo. (Estimate to the nearest degree using a map.) What is Abuja’s (Nigeria’s capital city) relative location? What is Nigeria’s other major city and former capital? What was the Conference of Berlin (1884-1885)? How did European countries work together to decide (from their perspective) which African territories each European country would control? Who gave them the right to do this? According to Britannica Encyclepia, the Conference of Berlin was negoitations of major European nations held in Berlin during Nov. 14, 1884 – Feb. 26, 1885, to discuss the competitive connection of the Congo River basing in Central Africa. The act declared the Congo River basin remain unowned and neutral forbidding slave trading and guaranteed freedom for trade and shipping for all states. Great Britain, France and Germany agreed and How does the implementation of the British legal and educational system affect the social structure (the role of elders and the political processes) of Umuofia and other Igbo villages? How doesShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesglobalization, both of which can be seen as hallmarks of the opening decades of the twentieth century. This intermingling of the forces and processes that were arguably essential components 2 †¢ INTRODUCTION of two epochs we routinely set apart as centuries suggests the need for flexibility in demarcating phases of world history, and for determining beginnings and endings that accord with major shifts in political and socioeconomic circumstances and dynamics rather than standard but arbitrary