An Article On Managing Cultural Diversity Within Sports...

Sports are the entertainment that is spreading throughout the world. Because of this, there are many sports leagues that are culturally diverse. People have started the address the issue of diversity in sports. For example, Leo Kahane, Neil Longley, and Robert Simmons wrote an article titled â€Å"The Effects of Coworker Heterogeneity on Firm-Level Output: Assessing the Impacts of Cultural and Language Diversity in the National Hockey League,† and this article talks about how teams and players have to deal with teammates that are culturally from a different background. Also, Alison J. Doherty wrote an article titled â€Å"Managing Cultural Diversity in Sport Organizations: A Theoretical Perspective† while this article talks about how sports organizations have to manage the diversity of the team while trying to be able to perform at their best. Both of these articles do a fine job in using certain elements of argument to make their respective articles persuasive. However , the article that talks about the National Hockey League uses logos, along with facts and evidence most successful while the other article uses mainly ethos and logos most effectively. The three authors that wrote about diversity in the National Hockey League (NHL) talk about the strategy of making a team come together because of the diversity by using logic and facts to prove their point. For example the article talks about how diversity has grown in the NHL when the authors talk about how more and more EuropeansShow MoreRelatedLeading Change Paper8284 Words   |  34 PagesUniversity of Phoenix A manager needs to understand the interdependency of departments, internal partnerships, and the influence of power and politics to effectively manage across the organization. Effective managers use various political tactics to increase their power within the organization to coordinate and support the work of their peers and subordinates to meet company objectives. Managers regularly acquire and use power. Power-oriented behavior has an impact on managerial career progressRead MoreTravel and Tourism Administration Program Structure20692 Words   |  83 Pagesenterprise. Upon successful completion of this program students will be able to demonstrate an understanding of the fundamental characteristics of information systems and their role within organizations as well as to acquire the know how to evaluate and select appropriate methods and technologies for representing, managing, and disseminating information. 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DAVID ADZOVIE INDEX NUMBER: UAMM0020 DATE OF SUBMISSION: 13TH JULY, 2012 1 QUESTION THE VIGILANCE PROJECT-CASE OVERVIEW CASE DISCUSSION QUESTIONS Develop answers to the following questions: (a) Why is this case about team conflict? What conflicts do you see developing? (b)How is distance affecting team dynamics and performance? (c) What do you think about the decisionRead MoreCultural Competency Definitions8081 Words   |  33 PagesCULTURAL COMPETENCY DEFINITIONS – A paper to inform development of Cultural Competency Framework for First Nations and Aboriginal Peoples of British Columbia, Canada Cultural Definitions in health care – what does it all mean? There are many definitions and iterations of culture in health care – all with different meanings but many with overlaps. In order to develop a Cultural competency framework, it will be important for stakeholders to agree on what ‘cultural competency’ means and the differencesRead MoreOrganisational Theory230255 Words   |  922 Pages. Organization Theory Challenges and Perspectives John McAuley, Joanne Duberley and Phil Johnson . This book is, to my knowledge, the most comprehensive and reliable guide to organisational theory currently available. What is needed is a text that will give a good idea of the breadth and complexity of this important subject, and this is precisely what McAuley, Duberley and Johnson have provided. They have done some sterling service in bringing together the very diverse strands of workRead MoreMarketing Literature Review11908 Words   |  48 Pagesselection of article abstracts from a comprehensive business literature database. Marketing-related abstracts from over 125 journals (both academic and trade) are reviewed by JM staff. Descriptors for each entry are assigned by JM staff. Each issue of this section represents three months of entries into the database. JM thanks UMI for use of the ABI/INFORM business database. Each entry has an identifying number. Cross-references appear immediately under each subject heading. The following article abstractsRead MoreFemale Leadership Advan tage and Disadvantag9375 Words   |  38 Pagesbusiness depends on women† (Heffernan, 2002, p. 9). Business Week followed with a cover story on the new gender gap, stating, â€Å"Men could become losers in a global economy that values mental power over might† (Conlin, 2003, p. 78). Readers of these articles might conclude that contemporary women are well prepared for leadership and have some advantages that men do not possess. Now examine statements of a different sort. Consider, for example, a New York Times editorial clearly stating that being a womanRead More8 stages of social development6628 Words   |  27 Pagessurge in acceleration.[2] The basic mechanism driving social change is increasing awareness leading to better organization. Life evolves by consciousness and consciousness in turn progresses by organization. When society senses new and better opportunities for progress it accordingly develops new forms of organization to exploit these new openings successfully. The new forms of organization are better able to harness the available social energies and skills and resources to use the opportunities to

Introduction To Measuring Job Satisfaction Business Essay - Free Essay Example

Sample details Pages: 3 Words: 916 Downloads: 9 Date added: 2017/06/26 Category Management Essay Type Narrative essay Did you like this example? Employee job satisfaction can be distinguished from its indicators; indicators in this case mean effects of job satisfaction towards employees performance. According to Stephen P. Robbin, the effects of job satisfaction toward employees performance are (Robbins, 1996, p. Don’t waste time! Our writers will create an original "Introduction To Measuring Job Satisfaction Business Essay" essay for you Create order 182-183): Satisfaction and productivity A company that has more satisfied employees tends to become more effective compared to a company that has less satisfied employees. Satisfaction and absenteeism Employees that have a low job satisfaction level tend to have a high absenteeism level, even though it is not absolute. Satisfaction and employee turnover An employee who has a high level of job satisfaction tends to stay at the company because they have a high loyalty to the company. Measuring Job Satisfaction There are two ways to measure job satisfaction that are normally used, they are (Robbins, 2005, p. 85): Single global rating It is a method by asking individuals to answer questions, the respondent will circle one number from 1-5. Summation Score This method distinguishes main components in a job and asks the employee about their feelings toward each component. Factors used as an evaluation rating are: Personal desirability, appropriate rewards, supportive co-workers, availability of working equipment, supportive management and company policies. These factors will be rated in normal scale numbers and then will be summed up to create a total score of job satisfaction. Loyalty Definition of Loyalty In the past loyalty was measured by how long an employee stayed in the company, but nowadays loyalty is measured by commitment. According to Malayu S.P Hasibuan employee loyalty is the willingness of an employee to maintain and protect the company, inside and outside the job from irresponsible people (Hasibuan, 2000, p. 94). According to Indayati Utomo, loyalty is a sense of responsibility; it is not only responsibility but also the sense of belonging. If an employee follows and order from his boss, it means he gives an input to do the best for the company. In this case the employee is being proactive. And according to Wignoyo Subroto, employee loyalty towards a company means the willingness of an employee to have a good relationship with the company; even if they should sacrifice their personal interest without expecting anything back from the company. In conclusion, loyalty means the willingness of an employee to keep working and staying in the company and having comm itment towards the company that the employee works for. Loyalty these days has been redefined as a commitment; it is how willingly the employee is committed to their job. Employees not only join the company physically but their mind, attention and their dedication are for the company. Loyalty Theory If someone from a high position in the company resigns, it will increase the cost of recruitment, selection and training. It will also affect the companys efficiency because the company should find and prepare a new employee to fill the empty position. Therefore, it is very important for a company to keep their employees, especially the best employees that are willingly to give their best for the company. That is why a lot of companies need this type of employee, and it is easy for them to move from one company to another. The top rated employee can choose a company that gives them a higher salary and provide great working conditions. Therefore, the company should maintain their employees loyalty to keep their employees committed to them. Managers view their subordinates loyalty if their subordinates: a. Follow all orders from managers. b. Work hard and do their tasks. c. Finish all tasks successfully. d. Protect the manager and not become a backstabber. e. Respec t the manager. f. Remind the manager when they do something wrong. g. Are aware of the job value and job norms. h. Have a commitment towards the company. In reality, loyalty is an important condition to increase productivity in a work place. It is mentioned that employees loyalty can be viewed from: Strong bonds with the company even though the company may have a difficult time. Work hard as possible to achieve the companys goals. Act positively with co-workers. Easily adapt to organization changes. Have a low absenteeism rate. Meanwhile, the employees loyalty toward the company could happen if: The employee believes that they can remain in the company. The employee believes if they remain in the company they will receive rewards. The employee honors the rewards, in another words it means that their motivation to stay with the company is to receive that reward. Job security, which is a feeling that assumes the company will not lay off their employees, only creates loyalty in the lower level. Therefore, employees also need promotion, rewards, a chance to develop, and everything that creates job satisfaction will affect employee loyalty to their company in the end. Loyalty Measurement In measuring employee loyalty and commitment towards the company, there should be a benchmark to measure it, and those benchmarks are as follow: The employee should be in one particular company. The employee knows about the companys business and their customers well, so it will create productivity. The employee participating maintains a good relationship with their customers for the companys benefit. The employee promotes the company that they work for as an ideal place to work, has a good future for the employee and has more advantages compared to other companies. The employee put their maximum effort and work serious with their job. The employee does not have the willingness to resign or move to another company. The employee attendance is high.

The History of 911 Emergency Calls

Who designed and installed the first 911 emergency telephone call system in the United States? Alabama Telephone Company 911 Pioneers The race to be first will always be part of human nature as long as a bridge remains to be crossed, mountains to be climbed, or a telephone exchange to be cut-over, with a team working together as Alabama Telephone had. B.W. (Bob) Gallagher - President of the Alabama Telephone Company a subsidiary of Continental Telephone. Initiated and directed the overall 911 effort.Robert (Bob) Fitzgerald - Inside State Plant Manager. Designed and engineered the needed circuitry for the first U.S. 911 system.Jimmy White - Technician on 911 installation team.Glenn Johnston - Technician on 911installation team.Al Bush - Technician on 911 installation team.Pete Gosa - Technician on 911 installation team. Need for a Universal Number Emergency Call System The ability to dial a single number to report emergencies was first used in Great Britain, in 1937. The British could dial 999 to call for police, medical or fire departments, from anywhere in the country. In 1958, the American Congress first investigated a universal emergency number for the United States and finally passed the legal mandate in 1967. The very first American 911 call was placed on February 16, 1968, in Haleyville, Alabama made by Alabama Speaker of the House, Rankin Fite and answered by Congressman Tom Bevill.   The new emergency number had to be three numbers that were not in use in the United States or Canada as the first three numbers of any phone number or area code, and the numbers had to be easy to use. The Federal Trade Commission along with ATT (which held a monopoly on phone services at that time) originally announced the plans to build the first 911 system in Huntington, Indiana. Alabama Telephone Company Takes the Initiative Bob Gallagher, President of the Alabama Telephone, was annoyed that the independent phone industry had not been consulted. Gallagher decided to beat ATT to the punch line and have the first 911 emergency service built in Haleyville, Alabama.   Gallagher consulted with Bob Fitzgerald, his state inside-plant manager. Fitzgerald let Gallagher know that he could do it. Gallagher moved quickly getting approvals from Continental Telephone and the Alabama Public Service commissioner and releasing a press release on February 9 announcing that the Alabama Telephone Company would be making history. Fitzgerald examined all twenty-seven Alabama exchanges choosing the Haleyville location, and then engineered the new circuitry and made the modifications needed for the existing equipment. Fitzgerald and his team worked around the clock to install the first 911 emergency system in under one week. The team worked their regular day jobs in Fayette, traveling each night to Haleyville to do the 911 work during off-peak hours. The work was completed on February 16, 1968, at exactly 2 p.m. celebrated with a team cheer of Bingo! Details of this story were provided by Reba Fitzgerald, wife of Robert Fitzgerald.

Personal Interpretation Of The Bible - 868 Words

In my opinion, personal interpretation of the Bible is a crucial aspect of having a meaningful relationship with God. Our individual interpretations are different because our relationships with God are all different. Part of our fellowship as Christians is being able to learn from each other, and that would be impossible if we all thought and understood God in exactly the same way. These different interpretations of the Bible allow us to grow in our beliefs, and creates more meaningful communities within the Body of Christ. I think that this idea is highlighted in I Corinthians 11:4-16. In this passage, God instructs His people on how men and women should dress, and explains why women should keep their heads covered while men should keep their heads uncovered. One way of reading this passage is to take it literally. In extremely conservative forms of Christianity, these verses are followed literally. The implications of this practice can be seen in general society today as well, for example, the fact that removing your hat is considered a sign of respect in Western society. Liberal denominations often chafe at the concept of women being required to submit to men, however, I believe that this passage has a different meaning when taken in context. If you read further in chapter 11, God also commands men to love their wife as they love their own flesh. God defines marriage as a covenant between a man and woman, and, because of that covenant, they like one person in God’sShow MoreRelatedBible as the Inspired Word of God Essay1103 Words   |  5 PagesBible as the Inspired Word of God The Bible is the work of various authors, who lived in different continents and wrote in different eras. Furthermore, much of the text does not claim to have been dictated by God and is not always God speaking to people. In parts it consists of people speaking to God, as in the Psalms, and people speaking to people, as in the New Testament letters written by Paul. In light of this, some maintain that it is not possible to treat theRead MoreWilliam Patton, An Abolitionist And Reverend937 Words   |  4 Pagesagainst the idea of Christianity supporting slavery which he laid out in his 1846 book â€Å"Slavery, the Bible, Infidelity†. His first argument, was that God could never support because, in simple terms, â€Å"God is just, and that slaveholding is unjust† (Patton, 6). Supporting this idea, Patton quotes Thomas Jefferson in saying in response of proslavery rhetoric, that â€Å"If your interpretation of the Bible be correct,it cannot be the word of God—for it gives him a character the very reverse of that which reasonRead MoreExplain the Purpose of Hermeneutics1564 Words   |  7 PagesBiblical Interpretation can be achieved in three ways; historically, the message and the doctrine. The Bible is totally authoritive and inspired by God, however is it propositional or not? To be propositional means that God reveals certain truths at which we respond in accepting these truths. These certain truths may be found in scripture, creeds and or the teachings of the church. Non-propositional approach emphasise God revealing himself at which we respond with faith being a personal belief inRead MoreBebbington on Evangelicalism1266 Words   |  5 Pagesdenominations and movements. Bebbingtons definition should fit with any church that defines itself as evangelical, but what about a modern non-denominational bible church meets that definition? Also what does Bebbingtons definition say about the pre-bible belt Baptist movement in colonial America? If both a modern non-denominational bible church and a pre-bible belt baptist movement meet the definition set forth by Bebbington, then they should have some meaningful connection. However, that connection betweenRead MoreWhat Paul, The Apostle Of Jesus1027 Words   |  5 Pagesthey are quick to share their views that the Bible has errors and that it had been written by the will of men, and/or that only the original copies are considered as Scriptures. Additionally, many people feel that the Bible used during Paul’s time, is not the Bible which is in circulation today. It is very important for a person’s theology to be governed by Scripture and placed at the center of their lives so that they can gain the knowledge from the Bible that is needed to make right decisions inRead MoreAnalysis Of The Book Old Testament Survey II By Robert H. Stein1436 Words   |  6 Pages May 10, 2017 Critical Book Review of Robert H. Stein’s A Basic Guide to Interpreting the Bible: Playing by the Rules. Biographical Sketch of the Author Stein gives a good discourse of available tools one might use to properly understand God’s Word that will be helpful to the learner’s task. If fact, he states in the Preface, â€Å"The basic goal of interpreting the Bible and other written texts should be to understand what their authors consciously sought to convey by what theyRead MoreEducation And Spiritual Growth : Colorado Christian University807 Words   |  4 PagesColorado Christian University has been a building stone in my educational and spiritual growth. The course Interpreting the Bible (BIB 230) is no exception to this concept in furthering my knowledge. It challenged me to think critically about the passages I am reading and to look at each word that the author uses. Learning to interpret the Bible takes a lot of research and many hours of reading the scriptures to comprehend how God is speaking through each author, which this course strengthened thoseRead MoreThe, Matthew, And The Quran1503 Words   |  7 PagesOur Interpretation is Our Reality When an author begins to write a book they usually have a certain purpose in mind. They might want to convey a message or simply entertain their reader. In the three Abrahamic texts that we read; Genesis, Matthew, and the Quran, some would argue that the author s purpose was to create a blueprint for how humans should live their lives; a rather daunting and consequential task. The main problem is written text, and especially text that was written in 1,400 BC,Read MoreThe Ten Avenues Of Revelation1218 Words   |  5 PagesThe ten avenues of Revelation are: â€Å"The Lot, The Urim and Thummim, Dreams, Visions, Theophanies, Angels, Prophets, Events, Jesus Christ and The Bible.†1 The Lot is used as a form of communication from God to man. Lots were stones which were used that were casted to make decisions and one sees this where God makes the final outcome of these lots which are casted. The Urim and Thummim were gemstones that were carried on the high priest s breastplate and us ed as lots to make decisions on situationsRead MoreChristian Foundations By: Kathleen Fischer Thomas Hart1731 Words   |  7 Pagesand Thomas Hart gives an interpretation on faith in our time. Many people would question the definition of faith. Faith is a gift, which is given by God to have trust in him and belief in him. This book is a great entry in anyones life that has speculation on his or her own faith. The book has many ways into understanding ones own religion. It discusses the Bible, Jesus, Church, Gods existence and Images of God. All of these chapters helped me get a better interpretation of what my religion entailed

Analyzing Strengths and Weaknesses of Amazon Free Essays

Strengths Amazon has proven to be a successful and profitable organization in terms of growth, with a current net income in 2008 of 663 million dollars. The company uses Customer Relationship Management (CRM) and Information Technology to record customer buying habits, investing a lot of time and money researching customer trends. Doing this they are able to locate and prepare for sales estimated from previous years. We will write a custom essay sample on Analyzing Strengths and Weaknesses of Amazon or any similar topic only for you Order Now A high percentage of their customers buy during the holiday season; knowing this enables Amazon to offer different promotions and selling strategies tailored to meet the customers demand and needs. Amazon has a huge global brand and is listed as 130 on the Fortune 500 list. Amazon was one of the first companies in e-commerce; which has allowed them to hold a huge percentage of the market share. Amazon recently bought JOYO, Chin’s largest online retailer, creating an even bigger market share in China, but still left with room to grow. Amazon’s Inventory turnover rate is phenomenal, even in the current economy. They have been able to maintain a 34 day inventory to turn over, which equals out to over 10 times a year. This is beneficial, because it allows Amazon to adjust to seasonal products and different product trends, without large amounts of excess inventory. Adding to that; Amazon’s total debt has been decreasing year over to a low of $. 67 in 2008. This means that for every $1 Amazon has $. 7 in debt. This has been declining signaling company growth. Weaknesses Amazon has continually added new products and services to customers; and is known for their great customer service and quality products. Something for them to consider is, when adding new products or categories of products, they could damage its brand. In order to be competitive with other companies Amazon has to broaden the range of products, but cannot become a swap meet either. How to cite Analyzing Strengths and Weaknesses of Amazon, Papers

Business Level Strategy for Starbuck Company - myassignmenthelp

Question: Discuss about theBusiness Level Strategy for Starbuck Company. Answer: Introduction The majority of stores of Starbuck in Australia were closed due to the strategy of transformation undertaken by the company. This was made to bring revival in the performance of the company. The main focus of Starbucks entry in the Australian market is to meet the demand of the customers for premium coffee. The company started its business in Australia first and expanded its stores in other localities. The company owned stores were opened all across the country(Brook, 2016). The company faced issues due to lack of the customisation of product, process and for having no appropriate promotional strategy. The company could not assess the customers culture of Australia. The assignment focuses on the development of the new strategic plan for the company for the customers of Australia. Current Strategies of Starbuck for Australian market The current strategies of the company are to win all the segments of the market in Australia. The target of the company is very specific. The percentage of the coffee drinkers those who prefer to drink at home is 72%. Starbuck Company has grabbed only 72% of the sector. Out of the 72% of this category of coffee drinkers, 67% add creamer. The company may reach 7.3% of the coffee industry if the company only targets this particular segment(digitalsparkmarketing.com, 2017). The market study states that customers between the age group of 35-54 constitute 42% of the coffee market. For this segment of customers, coffee is the important consumption on the regular and daily basis. The customers demand the product and also prefer to pay high for the quality products. Thus it is important for the company to focus on this segment(Nielsen, 2012). The next important target group of the company is the students between the age group of 18 to 24. The research has also found that the consumption of coffee by the students has been grown to 10%. This segment has no intact brand loyalty(Brook, 2016). The company can increase market share by targeting this segment. The focus of the company is to win the market and become the market leader. Major issues faced Starbuck The case study 17 focuses on the major issues faced by Starbuck in order to remain successful in the market of Australia. The company has faced following major issues related to the survival of the company. These issues are: Can the company avoid issues due to economic recession in the future? How far has Starbuck been able to manage to avoid the previous mistakes conducted earlier that have brought a huge loss in Australia? Does the company face issues due to its global expansion plan and consumer packages good? Does it face problem due to tea counteract? Can Starbuck manage to compete with its competitors like McDonalds, Dunkin Donuts etc? How far the multiple stakeholders policy of Starbuck will help the company to avoid dilution from the succession of future leadership? Challenges to resolve by the company The above questions discussed in the case study shows that there are major issues faced by Starbuck in order to remain successful in the market of Australia. The research found the following points that are required to be taken care by the company. These important requirements are: The customers are inclined to the low price products instead of Starbucks products. The rising cost of labour the cost in the operation contribute to the degradation of the profits for the company. The company needs to compromise with the product quality in order to face challenges and to compete with the potential customers. The low price products are required to be supplied in order to target the customers of a particular segment. The company has also environmental issues. It requires resolving the issues in order to enjoy the trust of the customers. The people of Australia are loyal to their local brand and they do not prefer global brand The premium price charged by Starbucks is not accepted by the customers. Starbucks strategy available for Australian market The focus of Starbucks Corporation is to the customers of high class who prefer finest quality coffee. The natural ingredients are accepted and appreciated by this segment of the customers. The premium quality of coffee has attracted all segments of customers such as students, middle-aged customers etc. The companys focus on the target group with quality ingredients, quality service and taste create a brand image among the customers. The company has created brand loyal customers(Forte, 2011). The company has its own marketing strategies. The quality product of the company is promoted with the help of social media and print media. The company also offers quality products and services to the customers of Target Corporation loyal customers in its stores. Strategy suitable for the organisation The company has opened stores with a nautical theme. It follows the tradition of seafaring of the coffee traders. The company focuses on the significant loyal customer base. The focus of each caf is to concentrate on the customers of the limited areas. The company has another growth strategy that focuses on preferences of the customers. The company establishes shopping centres in the locations which are tourist hubs. The destinations are created in order to attract the customers to the stores of the company, relax there and to spend their time with their friends(Peppers Rogers, 2008). The customers can also spend some time quietly. The store of the company in Sydneys northern beaches shows the companys new strategy to open stores in prime tourists location(Gellis, 2001). The company has developed a policy of establishing more stores in Australia. This is meant to establish Starbuck as the successful coffee chain in the country. Recommendation for Starbuck for the marketing plan for Australia The company will plan to establish itself in the market of Australia with a successful action plan. The company will have the following goals for the future. Goals To increase the sale by 20%. Increasing the Gross profit by 20% To establish more stores in the prime locations of the country and in the tourist's hubs. Tobecome the market leader of the business in Australia Introduction the new promotional methods This has been found that the people of Australia are fond of using the products and services of their own country. The demand for the international products is not accepted in the context of coffee stores or coffee business. Thus Starbuck needs to make promotional strategies to attract the different segments of the customers. The word of mouths will be the right way to promote its business. The company will offer discounts to the students and young customers. This will help the company to gain the support of the customers(Brass, 2012). New Target market The study has found that there are different segments of the market for Starbuck in Australia. Each segment has its own perceptions. The coffee shops in the institutional areas will help the company to attract students. It can easily offer them quality products and services. The coffee stores near offices and administrative buildings will help the officials to get the facility. They can come and relax(Coulter Coulter, 2002). Strategy for getting competitive advantages This has been found that people of Australia are fond of the companies they are leading the local market. The local companies are offering coffee at a low price(Lynch, 2015). Customers are not interested in paying premium fees. Thus in order to compete with the local companies and other international companies, Starbuck requires offering discount and quality products and services. Innovation Starbuck knows that its re-entry in the Australian market needs something special attention. Thus it has to establish coffee stores in the prime locations. The tourists' place will be the most advantageous place. The tourists will get the quality coffee and also can stay for some period of time. Enhancing budget The company requires focusing on giving better facilities in comparison to its competitors. The coffee stores should be a very good place to spend some time(panmore.com, 2017). The visitors should stay for some time. Thus the company will increase its budget so that the ambience of the coffee shops will be good. Cost leadership approach Starbuck knows that in Australia it has failed earlier. In order to sustain in the Australian market, it has to employ some new marketing plan. Instead of charging the premium fee the company should low the price of the products. This will encourage the customers to avail the products and services of the company(research-methodology.net, 2017). Focus on the trained employees There is always a need of employing good employees in the organisation. This will help the company to manage the customers well. The trained employees will help the customers to avail the services and this will help the company to grow its business. Capacity of Starbuck to support the strategy The growth of the company shows with its revenue growth. The strategic synergy has been found all across the globe. The company with its diverse portfolio can deliver excellent results. The company has focused more on technology innovation(Gentile, 2012). The company has also focused on the reinvigorated organisation systems that are aligned with the growth strategy of the company. Conclusion The study shows that Starbuck will be successful in the market for its strategies. The company has to capture to market segments and make the customers feel the importance of its quality products. The company needs to promote its products and also requires to increase its budget to win the market. Bibliography Blocker, C. P., Flint, D. J., Myers, M. B., Slater, S. F. (2011). Proactive customer orientation and its role for creating customer value in global markets. Journal of the Academic of Marketing Science, 216-233. Brass. (2012). Information Technology impacts on Human Resource Management (4 ed.). Harlow Press. Brook, B. (2016, 09 30). Starbucks coffee is quietly expanding in Australia after humiliating retreat eight years ago. Retrieved from https://www.news.com.au/finance/business/retail/starbucks-coffee-is-quietly-expanding-in-australia-after-humiliating-retreat-eight-years-ago/news-story/b7f136c4d78f24aaa600a3822b1e31b4 Coulter, S., Coulter, R. (2002). Determinants of trust in a service provider: the moderating role of length of relationship. Journal of service marketing, 35-50. digitalsparkmarketing.com. (2017, 04 10). Starbucks Marketing ... 9 Ways They Employ Social Media Innovation. Retrieved from https://digitalsparkmarketing.com/starbucks-marketing/ Forte, J. (2011). 4 Ways Employees Can Add Value, Every Day. Retrieved 07 31, 2017, from mindflash.com: https://www.mindflash.com.blog/2011/07/4-ways-employees-can-add-value-evry-day Gellis, Z. D. (2001). Social work perceptions of transformational and transactional leadership in health care. Social Work Research, vol.25. no. 1, 17-25. Gentile, M. C. (2012). Values-driven leadership development: Where we have been and where we could could go. Organisation management Journal, 188-196. Heracleous, L. (2007). Strategy and Organization: Realizing Strategic Management. Retrieved 09 25, 2017, from books.google.co.in: https://books.google.co.in/books?isbn=0521011949 Hughes, M., Wearing, M. (2007). Organsiations and Management in Socila Work. Los Angels: sage. Luu, V. T., Kim, S. Y., Huynh, T. A. (2008). Improving project management performance of large contractors using. International Journal of Project Management,, 256(7), 758-769. Lynch, R. L. (2015). Strategic management. Harlow: Pearson Education. Nielsen, K. (2012, 05 03). The importance of employee participation and perceptions of changes .. Retrieved 09 25, 2017, from https://www.ncbi.nlm.nih.gov NCBI Literature PubMed Central (PMC) panmore.com. (2017, 01 31). Starbucks Coffee's Marketing Mix (4Ps) Analysis - Panmore Institute. Retrieved from panmore.com/starbucks-coffee-marketing-mix-4ps-analysis Peppers, D., Rogers, M. (2008). Managing Customer Relationships: A Strategic Framework. John Wiley Sons Inc: New York. research-methodology.net. (2017, 04 02). Starbucks Marketing Strategy Communicating the message of ... Retrieved from https://research-methodology.net/starbucks-marketing-strategy-3/ Warner, A. (2010). Strategic analysis and choice. Nw York: Business Expert Press.

Upcoming Contribution And Leasing Standards †Myassignmenthelp.Com

Question: Discuss About The Upcoming Contribution And Leasing Standards? Answer: Introduction Lease is a special contract or agreement in which the lessees has to pay the lessor for the use of his/her assets for a specific period of time. Thus, it can be seen that leases are an important aspect in accounting. In lease agreements, the assets have to be tangible in nature. The Australian Accounting Standard Board (AASB) provides some specific guidelines regarding the recognition and measurement of leases in the business organizations and the companies need to comply with these regulations. The main aim of this report is to analyse and evaluate the various aspects regarding lease agreements in the companies. AASB Lease Recognition Criteria There are two types of leases; they are Financial Lease and Operating Lease. AASB has different recognition criteria for both the leases. They are discussed in the following section: Financial Leases: At the date of the commencement of the financial year, the lessor needs to use the implicit rate of interest in the leases for the measurement of net investments. In case, it is not possible for the lessor to determine the implicit rate of interest, it is required for the lessor to use discounted rate for the heading of sublease (gov.au 2017). At the time of measuring the total amount invested in the financial leases of the company, the lessor needs to include initial direct costs other than the manufacturing costs. In addition, the lessor needs to reduce the recognition of the amount of income. The implicit rate of interest in financial leases includes the initial costs of the new lease investments. The lessor needs to recognise the total amount of investments in financial leases based on the pattern reflecting a constant periodical rate of return of the net investments of the lessor (gov.au 2017). Operating leases The lessor needs to recognize the payments from operating leases, as income and it needs to be done based on either straight line or another systematic basis (gov.au 2017). At the time of the recognition of operating leases, the lessor needs to recognize various costs that include depreciation at the time of earning from leases. The lessor needs to add the initial direct costs of the leases at the time of leases recognition (gov.au 2017). The lessor needs to present the details about all the operating leases in the financial statements at the end of the financial years. Difference between Operating and Financial Leases Operating Lease Financial Lease The risks ands and rewards of asset ownership remain with the lessor (Brealey et al. 2012). The risk and rewards related to the ownership transfer to the lessee. Operating lease needs to be treated as rents and there is no need to show it in the balance sheet. Financial leases need to be treated like loans and thus, it appears in the balance sheet. There is not any purchase option of the asset in the lease period. Financial leases have the purchase option in the lease period. No running costs of the assets need to be borne(Grinblatt and Titman 2016). Running costs need to be borne and it is higher. The lessor cannot claim any amount for depreciation. The lessor can claim the amount interests as well as depreciation. The lessee has to pay only the monthly lease payments. The lessee has to pay tax, maintained and insurance expenses (Vernimmen et al. 2014). Example As per the 2017 annual report of CSL Limited, on 30 June 2017, it can be seen that the company has reported $3.1 million and $2.5 million in 2017 and 2016 respectively as current lease liabilities; and $22.3 million each for 2016 and 2017 as non-current liabilities. As per the earlier discussion, leases under current liabilities are operating leases; and leased under non-current liabilities are considered as financial leases. Thus, from the above discussion, it can be seen that CSL Limited reported both financial as well as operating leases in 2017 (csl.com.au 2017). Implications The new AASB 16 standards help the business organizations in the proper reporting of various financial aspects like leases of assets, liabilities, debts, assets, debt agreements, profits and expenses (kpmg.com 2017). Previously, the accountants of the companies had to face many difficulties in the recognition of leases, expenses, profits and others. However, with the help of new AASB 16 standards, the accountants have become able to maintain proper disclosure of financial aspects. In case of CSL Limited, it can be seen that the company has been able to segregate the amount of operating lease and financial lease in the most appropriate manner. Apart from the leases, in case of the recognition of expenses and debts, the company has adopted the strategy of fair value in which the market value of the assets and loans has been taken into consideration (csl.com.au 2017). Thus, from the above discussion, it can be seen that the new AASB 16 framework has overall effective effect on the finan cial reports of CSL Limited. Conclusion From the above discussion, it can be seen that there are two kinds of leases; they are Financial Lease and Operating Lease. For both these two types of leases, AASB 16has different recognition criteria. In addition, the above discussion shows that in financial lease, ownership does not transfer. However, in operating lease, there is not any transfer of ownership. From the financial report of CSL Limited 2017, it can be seen that the company has shown their operating as well as financial leases on a separate basis and this new AASB 16 standard has overall good implication on the companys financial statements. References Aasb.gov.au. (2017).Accounting standards. [online] Available at: https://www.aasb.gov.au/Pronouncements/Current-standards.aspx [Accessed 22 Sep. 2017]. aasb.gov.au. (2017).Definition and Recognition of the Elements of Financial Statements. [online] Available at: https://www.aasb.gov.au/admin/file/content102/c3/SAC4_3-95.pdf [Accessed 22 Sep. 2017]. aasb.gov.au. (2017).Leases. [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB16_02-16.pdf [Accessed 22 Sep. 2017]. Brealey, R.A., Myers, S.C., Allen, F. and Mohanty, P., 2012.Principles of corporate finance. Tata McGraw-Hill Education. csl.com.au. (2017).Annual Report 2016/2017. [online] Available at: https://www.csl.com.au/docs/802/1/CSL_AR17%20(secured),0.pdf [Accessed 22 Sep. 2017]. Grinblatt, M. and Titman, S., 2016.Financial markets corporate strategy. KPMG. (2017).Impact of AASB 16: the new Leases standard. [online] Available at: https://home.kpmg.com/au/en/home/insights/2017/04/aasb-16-leases-standard.html [Accessed 22 Sep. 2017]. Vernimmen, P., Quiry, P., Dallocchio, M., Le Fur, Y. and Salvi, A., 2014.Corporate finance: theory and practice. John Wiley Sons. Dakis, G.S., 2016. Upcoming changes to contribution and leasing standards. Governance Directions, 68(2), p.99.