Leadership Theories, Moral Leadership, And Situational...

As Christoper Reeve (n.d.) once stated, â€Å"At first, dreams seem impossible, then improbable, and eventually†¦inevitable.† Helping students find a path of academic, social and emotional success that leads them to their dreams is ultimately most schools leaders’ goal. However, the traditional hierarchy form of leadership within the school structure is ever changing to meet the demands of our society and learners. Thus, the successful use of one leadership theory is arduous; there really is no right or wrong; just different perspectives. This paper reviews three leadership theories; moral leadership, servant leadership, and situational leadership. I will discuss each theory as a single entity to demonstrate how the theory depicts the leader in relation to the community. I will further examine the roles and characteristics of the teacher leader within each model. Last, this review will identify how I believe these theories are a blended part of my schoolâ⠂¬â„¢s leadership perspectives. Moral Leadership Leadership is defined by Merriam-Webster (n.d) as â€Å"the power or ability to lead other people.† Schools requires great leaders who can effectively lead teachers, students, parents and the community to believe in the standards and expectations of the school in academics and social realms. Moral leadership philosophy is strongly based on creating a foundation for an authentic community in which everyone in the school community is â€Å"connected by common framework and committedShow MoreRelatedLeadership And Its Theory Of Leadership883 Words   |  4 Pages Leadership Leadership has been around for thousands of years, yet experts are still unable to agree on a universal definition. Perhaps it is because leadership is a complex, multidimensional concept that continuously evolves. Nevertheless, explaining leadership and its theories and approaches is a monumental task (Henman, n.d.). According to Day and Antonakis (2012), leadership is essentially an influencing process. Its effectiveness largely depends on leadership behaviors and followers perceptionsRead MoreLeadership Theories and Principles988 Words   |  4 PagesLEADERSHIP THEORIES AND PRINCIPLES I. Introduction Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Good leaders develop through a never ending process of self-study, education, training and experience. II. Body/Content Leadership theories have emerged through the centuries. They focus on the qualities distinguished between leaders and followers. Others looked atRead MoreChief Kobys Management Style1551 Words   |  7 PagesIntroduction Effective leaders opt to implement a specific type of leadership style as a result of their personalities and job experiences, and apply it to their organizational structure. 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All theseRead MoreLeadership Theory, Transformational, And Transactional Theory2421 Words   |  10 Pages Leadership Theories Unit 3 PSF8603 - Management and Leadership Theory Instructor Steven Kline Capella University Ann-Marie Cameron Introduction There are a few leadership theories, but for this research I will only focus on four of these theories. The theories that will be discussed are Situational leadership theory, Contingency theory, Transformational, and Transactional theory. The theory Transformational is pondered by several to be the theory improvement for transactional leadershipRead MoreSituational Leadership Theory, Transformational, And Transactional Theory2386 Words   |  10 PagesIntroduction There are a few leadership theories, but for this research I will only on four of these. The theories that will be discussed are Situational leadership theory, Contingency theory, Transformational, and Transactional theory. The theory Transformational is pondered by several to be the theory improvement for transactional leadership theory, and it appears to have a cumulative number of research studies that are supporting the benefits of this theory. So, I will also compare and discussRead MoreEssay on Different Types of Leadership Theories1334 Words   |  6 Pagesfocus on leadership within an organization and how it affects individual and organizational outcomes specifically using four theories including Fielder’s Contingency Model, Hersey and Blanchard situational leadership Model, Path Goal Theory by House and Dessler and finally the Participative Leadership Model by Vroom and Yetton. Leadership is said to be a dynamic interactive process, which involves the four other man agement functions, planning organizing, directing and controlling. Leadership is oneRead MorePersonal Values And Beliefs Regarding Leadership2289 Words   |  10 PagesLeadership â€Å"If you actions inspire others to dream more, learn more, do more and become more, you are a leader† (John Quincy Adams, as cited in Forbes, 2014, p. 1). A leader is mentor, guiding others to their best. In this paper, I will reflect on my personal values and beliefs regarding leadership. Next, I will discuss a leader in my life that personally resonates with me. I will then discuss the attributes of my chosen leader and relate them to theory on leadership, emotional intelligenceRead MoreThe Case Model Of Leadership1462 Words   |  6 PagesQ1) Given the description of the leadership situation facing the airplane crash survivors described on pages 2-3, how would leader-member exchange (LMX), the normative decision model, the Situational Leadership theory, the contingency model, and the path-goal theory prescribe that a leader should act? Answer) The contingency model of leadership is based upon the relationship between three aspects of leader-follower-situation model. Apart from this contingency model, leaders are assumed to act in

Machiavelli Essay - 1825 Words

Machiavelli I would rather be in hell and converse with great minds than live in paradise with that dull rabble. In his lifes writings, Niccolo Machiavelli, sought out the strength of the human character, and wrote according to his own rules; trying to better the political philosophy of his time. Machiavelli, a fiercely independent Renaissance man, advocated the prosperity of Italian politics, and wanted Italy to rise above the rest of the world. Machiavellis writings dealt with many issues that had not been attacked in his time, and utilized his distinct brand of political philosophy to try and change the politics and government that shaped his era. The Prince, regarded as his most controversial and successful work, spelled†¦show more content†¦Piero de Medici died the same year that Machiavelli was born and his son Lorenzo took over where his father left off (Ridolfi, Roberto p.6). The next years of Machiavellis life included many dramatic experiences that altered the way that he viewed government. The Medici family was overthrown, and the power of the government changed hands when the French, lead by Louis XII invaded Italy (The Prince p. viii). Through decisions made by the Church and Pope Julius II, the Medici family came back to restore order and take up where they left off. It was through these actions that Machiavelli was viewed as unfit for any type of political position and was forced into exile. The Prince, written in 1513, was started during this time of expulsion in order to once again become in the good graces of the Medici family. Unfortunately, that wouldnt happen and he wouldnt return to Florence until 1526, only to die a year later in 1527. Throughout Machiavellis career, he was exposed to a variety of politics; politics of the church, of the Medici family, and politics to stay alive. He had to leave Florence and retire to his country home in San Casciano in order to save his life for his conspiring with the Boscoli-Capponi anti Medicean plot, and recognizing that military (Ruffo-Fiore, Silvia p.v). Machiavellis intentions were always in favor of uniting Italy, but his ideas and actions werent always seen in that light.Show MoreRelated Machiavelli Essay1597 Words   |  7 Pages quot;The term Machiavellian refers to someone who is unscrupulous, cunning, cynical, and unprincipledquot;(Goods 1998). Many scholars agree that this particular adjective would have dismayed Niccolo Machiavelli, the man from whom the term is derived. In reality he has been attributed as being one of the brightest lights of the Italian Renaissance through his works as not only a writer, but also as an influential philosopher of history and polit ical thought. His most famous work The Prince hasRead MoreThe Machiavelli And Machiavelli s The Prince2348 Words   |  10 PagesI have always found great interest in the infamous Niccolo Machiavelli and his ways of thinking; my eye was drawn to him long before I knew I would be studying at Colorado State and even before I had any interest in politics. It was from young man know as Tupac Shakur, and let me tell you it is great to finally understand who Machiavelli is and the things he has done for the outlook on politics after hearing about how much respect and praise he got from the iconic rapper of the 1990s. In this paperRead MoreMachiavelli as a Humanist1886 Words   |  8 Pageswho is concerned with the interests and welfare of humans. Niccolo’ Machiavelli can be thought of as a humanist. Although opinions on this differ greatly depending on whom you speak with. Machiavelli’s life consists of so many examples and lessons that he has learned throughout his lif e. Through my paper, I intend to examine his perception of morality based on his political writings and life experiences. Niccolo’ Machiavelli was born on May 3, 1469 and died in 1527. Although we do not knowRead MorePrinciples Of Machiavelli1615 Words   |  7 PagesIn the 16th century Niccolo Machiavelli presented Lorenzo de Medici with his most prized possession, â€Å"The Prince†. At this time, it was custom to present the prince with your most prized possession, in order to gain their friendship. Machiavelli spent much time studying past rulers and wrote â€Å"The Prince† in which he describes how one acquires and maintains power. At the time, The Prince was not well accepted as it went perceived to go against the Catholic Church. However, today the prince has beenRead MoreAnalysis Of Machiavelli774 Words   |  4 PagesChasity L Wireman Dr. Michael A. Lazarus HIS 102-W1: Western Civilization II 10/25/2017 There are many reasons why Machiavelli is widely considered the beginner of modern political thought, one of the many is he studied strictly the politicians, and businessmen. Machiavelli recognized the political playing field as a vile place only for the most dominating and cunning of political giants. One of Machiavelli’s most famous work, On Principalities, or known by the other title, The PrinceRead More Machiavelli Essay1438 Words   |  6 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;Niccolo Machiavelli, one of the great political minds of the 15th century, accomplished what many mathematicians today only dream of, having one’s name used as an adjective. To be Machiavellian is to demonstrate characteristics of expediency, deceit, and cunning and as Machiavelli wrote in, The Prince, these are the qualities of a great leader. The Prince was published in 1531, creating great controversy with other political thinkers of the time. Machiavelli completely ignored theRead MoreThe Relat ionship Between Machiavelli And Machiavelli s The Prince1075 Words   |  5 Pagesand turmoil, philosophers are able to give their critiques on government and human nature as a whole. Socrates and Machiavelli, both philosophers in what it means to be a proper leader and the role of the people within a society, share contrasting views. Machiavelli, alive during the time of great political turmoil in Italy, is immortalized through his writings in The Prince. Machiavelli was able to use what the political shortcomings he witnesses during his time period as a guide to deciphering theRead MoreThe Prince, By Machiavelli1517 Words   |  7 PagesIn The Prince, Machiavelli doesn’t hesitate to recommend that a ruler employ conventionally immoral methods against his own subjects to maintain authority over them, but he does imply that whatever a ruler does should ultimately benefit the community. A Prince’s actions may be cruel, manipulative, or otherwise immoral, but they put him in the position to govern. On occasion, Machiavelli even suggests that gaining power through immoral acts is the best way to improve a community because immoralityRead MoreThe Prince By Niccolo Machiavelli1472 Words   |  6 PagesPrince by: Niccolo Machiavelli really tries and is successful at dividing politics and ethics to decipher the characteristics of a good and bad political/government ruling leader in this novel. In this reading, I seen 5 points that Machiavelli talked about, and those were: Free Will, Being Hated vs Goodwill, Virtue, A Good Military, and finally Human Nature. These are a necessity to the recipe that Machiavelli is making in this book. In the first few chapters of the book, Machiavelli begins to talkRead More Machiavelli And Plato Essay1564 Words   |  7 Pages Niccolio Machiavelli (Born May 3rd, 1469 amp;#8211; 1527 Florence, Italy.) His writings have been the source of dispute amongst scholars due to the ambiguity of his analogy of the amp;#8216;Nature of Politics; and the implication of morality. The Prince, has been criticised due to itamp;#8217;s seemingly amoral political suggestiveness, however after further scrutiny of other works such as The Discourses, one can argue that it was Machiavelliamp;#8217;s intention to infact imply a positive

Business Model Innovation and Sources †Free Samples to Students

Question: Discuss about the Business Model Innovation and Sources. Answer: Introduction: A business model consist specific combination of distribution, supply chain, product, pricing, payment and sales. It is the model which is far more important for the success of the business. It is comprised with two major components that are cost and price. Gross profit is a major point of profitability because the major focus of its only on cost instead of expenses. It does not have concern about the efficiency of business because it focuses on to only business. Business model is very important for the business because it helps to grow the business in a progressive way. A clear business model is important to the growth of any business and it has been considered as the foundation of the innovative technology. New technology cannot come in an existence without a business model. A successful business model is able to enhance the commercial return through cost investment and drive innovation. Business model has the capacity to attract many customers towards the business because with the help of business model, it is proved that the guidance of large scales is not required for the business. A business model consist 9 building blocks which describes all necessary requirements in the favor of business. it defines the strategy of the business without having complexity such as over burdened, high workflow, hierarchy rules, strict rules and regulation. The nine building block of business model is described below: E-business architect is the element of business model. It is the concept in which number of approaches was developed. It has a practical approach which makes able business to think widely. The archetypical business model describes the value proposition, value creation, innovation, customers, organizational architecture and economic dimension to elaborate a complete understanding of making customers in a systematic way with customer value (Baden-Fuller Morgan, 2010). There are seven archetypes which is upper level of abstractions that elaborates basic truths about categories of business. Due to have the tendency of abstractions it is not possible to being evident applying of them. It has prototypes example such as e-commerce and lead generation. Both are the examples of getting something of value and introducing it into the market for the purpose of sale. It has been found that money is being made on the broadcast between the cost of garbing the item and what it can be sold by the seller for the purpose of promoting and marketing. For instance, in the business of online business, same kind of software and content will be the most two common types of things to sold in the market. There are many things will be involved when referring to the concept of a business model as an activity system. An activity in a business model can be engaged by human, physical or capital resources of any elements to the business model. It is required to fulfill the requirement of the overall objective. Am activity system is a group of independent activities of organizational including partners, vendors and customers. Business model as a cost revenue architecture involves key partners, activities and resources. The scale of variable, fixed and economy should be considered effectively. Business model as a revenue stream involves each customer segment and price contribution. The main focus of business model as cost revenue structure to make money by efforts. It would be the target of an organization to make revenue strong so that new opportunities of the business turn into annuities. There are two issues such as static and dynamic. Static issues are having the nature of long term on the other hand dynamic issues have the nature of forceful. The business blocks of business model are able to handle the both issues systematically. Business model as activity system can be used to know about the innovation in the business. There are number of conceptualization components in the business. In the context of e-commerce, conceptual components can be value stream, logistic stream and revenue stream. In the context of entrepreneurial, conceptual components can be market factors, growth factors, competitive strategy, internal capability factors and economic factors. These all are the factors of conceptual arguments which can be used to seek the issues of static and dynamic problem (Sanchez Ricart, 2010). These will be helpful to design or redesign the business models for the business. Apart from that technological input, network architecture, system architecture viewpoint m arket offering, supplier value proposition, customers, competitors and longitudinal process are the conceptual components to design or re-design the business model to analyze the issues of static and dynamic issues. Learning system and delivery system are two major element of business system. As per conceptualization, business system is considered as the assumption of decision maker who is able to decide that in what range business will obtain certain profit at certain time. Profit models as well as business model are the part of business model. As per Itami and Nishano, Google and Toyota are the exact example of the better model. They have settled their model to gin the maximum profit by keeping concern of the customers as well as employee. These are the companies which enhance the productivity of the employees by giving efficient services to their customers without getting any single penny. Toyota is the company which outsources its model of automobile constantly. It maintains the focus on suppliers to gain indirect profit (Itami Nishino, 2010). A business context is a tool of analysis which is operating to analyze the environment in which business operates. Business context can included organization, individual and huge community in it. As per changes in technology and demand of customers, business has to change its business and re-design its model appropriately. There are a number of business notions such as customer, addressable market, value creation, core business and management. It is the business notion of Google, Apple and Facebook that their customers get best possible customer experience (Seville, Buxton Vorley, 2011). The example of addressable market is when Mark Zuckerberg launching a business, he settled out to have a monopoly on customers attention and commitment. It is necessary for the business to make changes without hurting anyone. Value creation is necessary for the business because it beliefs to make tier customers save time and effort, it is considered as the strategic performance indicator. To make am endments for extending a business, it is necessary for the business to make an inventory of what business is at good or what customers are demanded. It is required for the business to replace the notions of expertise by learn ability and innovations (DaSilva Trkman, 2014). Business model is interlinked with technology innovation. The development of technology can help to make new business model for the business. It will definitely impact the managers of the organization in their decision making. There are examples of Google, Amazon and Easy jet which shows that how business get impacted due to changes in business model. The effects of business model innovation are not separated from the effects of business model on performance due to technological innovations. It has been analyzed that innovations by technological influences performance and reviews (Bharadwaj, El Sawy, Pavlou Venkatraman, 2013). Regarding changes in business models, managers of the organization should be more active because a business model is a structure to gain more profit within certain period of time. It contains nine blocks in it and as per technological innovation, it is required to bring changes in the organization (Schaltegger Wagner, 2011). In the article of Zott and Amit ar gued that there are two parameters of design: design elements and design theme. Manager need to focuses on them because design elements describe the specifications of drivers in the context of customer values, which can be elaborated in the term of complementary, lock in efficiency and novelty. Design theme is considered as the structure in which discussion of activity system performance made. With the help of these parameters of articles, manger of the organization would be able to take the decision efficiently because the advantages of these parameters of articles are summarized in the order to create and achieve the outcomes of values. It has been concluded that the business model as a system are able to solve the static and dynamic issues, delivering satisfaction and engaged customers with their needs. Business models can be blindly applied to a setting which brings attention of customers regarding difference and creativity. In this report e-archetype, business model as system activity and business model as cost- revenue structures has been elaborated. Various kinds of business conceptual components have been discussed in this report which will be helpful to reduce the effect of static and dynamic issues within the organization. A business context and notion has been mentioned in this report effectively which will be useful for further studies. Technological innovation can be seen day by day and it is required for the business to make changes its model as per trend of the market. References Baden-Fuller, C. Morgan, M.S. (2010). Business Models as Models . Long Range Planning 43 (2010) 156e171. Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., Venkatraman, N. V. (2013). Digital business strategy: toward a next generation of insights. DaSilva, C. M., Trkman, P. (2014). Business model: What it is and what it is not. Long range planning, 47(6), 379-389. Itami, H., Nishino, K. (2010). Killing two birds with one stone: profit for now and learning for the future. Long Range Planning, 43(2), 364-369. Sanchez, P. Ricart, J. E. (2010). Business model Innovation and sources of value creation in low-income markets. European Management Review (2010) 7, 138-154. Schaltegger, S., Wagner, M. (2011). Sustainable entrepreneurship and sustainability innovation: categories and interactions. Business strategy and the environment, 20(4), 222-237. Seville, D., Buxton, A. Vorley, B. (2011). Under what conditions are value chains effective tools for pro-poor development?. Retrieved on 19th April 2017 from: https://pubs.iied.org/pdfs/16029IIED.pdf. Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, vol 43 2010.

Financial statements and considered very important-Free Samples

Question: How financial statements considered very important? Answer: Introducation: The statement of accounting concept 1 deals with the definition of the reporting entities. These statements tell that which entity is said to be a reporting entity and which entity is excluded from being called so. In simple terms, the entities that need to make financial statements in order to provide the users of such statement true and fair position about the financial position and stability such entities are known as reporting entities. They are entitled to prepare their financial statement in accordance with the accounting standards and the statements of accounting concepts. If they fail to follow such standards then they may not give genuine information to the stakeholders. The reports prepared by the entities are widely used by the stakeholders to make a decision regarding their investments (Accounting for Small Business Owners, 2017). Statement of Accounting Concept 1 There are certain entities that require preparing financial reports as prescribed by certain rules and regulations. However, some of them are even excluded. According to this concept all entities irrespective of its size, nature of operation, legal form whether profit oriented or not belonging to private or public sector should prepare financial reports if there exists any users who are dependent on these financial reports to take their decisions (Anon, 2017). There may exist an individual entity or a group of entities operating together. Such group of entities may have a controlling authority on each other. Both theses type of entities will be covered under the definition of reporting entities. Any group which is covered under the term of economic entity will be regarded as a reporting entity even if the user of such financial reports does not exist. One of the entities that is included in the group of entities will have a control over the other entities to achieve the objective that is set up by the controlling authority. The control here signifies any kind of financial dependence directly or indirectly, appointment or dismissals of managers or the governing body of the entity, and the ultimate power in order to direct the activities of the entity (Breitner and Anthony, 2013). In case of an individual, if he is able to deploy resources then but its objective is to achieve personal gains and does not satisfies the condition of falling under the definition of economic entity then it does not have to prepare financial reports (Dyckman, Magee and Pfeiffer, 2014). As far we have come to know that if an entity has users of the financial reports who uses them in order to take decisions for their resource allocation then it is compulsory to prepare such financial reports. It is important for the company to identify the users of these reports before the preparation (Easton, 2015). The factors that are used to identify the users are indicative only and can be identified on the basis of three main categories- the separation existing between the ownership and the management, the economic and political influence and certain financial characteristics (Edmonds et al., 2016). Separation between management and ownership- The larger the space between the management and the ownership of the company there are more chances that there exist users of the financial reports for their decision making (Harrison, Horngren and Thomas, n.d.). Economic and political influence- If the entity holds an important position in regards to politics and economic conditions then there are higher chances of the existence of the users of the financial statements to allocate their resource in the best place. Financial characteristics Financial characteristics includes the size of operation, the value of assets held, indebtedness of the company as well as the number of workers that are employed (Ittelson, 2009). Such entities that has these characteristics present are expected to have users that may be dependent on the financial statements in order to invest and allocate their resources efficiently. The main purpose for the preparation of such financial reports is to provide correct information about the financial stability and position of an entity so that the users can make a wise decision of allocating their resource in the best possible place (Kimmel, Weygandt and Kieso, n.d.). However, if ther are any kind of information which is considered materialistic but has been concealed then it may lead these users to take a wrong decision. Therefore, the financial reports should be prepared with extra care and due diligence so that all material facts are disclosed properly and no facts are concealed. The entity should be capable enough to use the resource in the most efficient way so that the users can determine about the financial condition of the entity in the forthcoming years. If the resources are utilised in an optimum manner then it will help the stakeholders to feel safe about their investment and also help them generate higher returns (Loughran, 2011). The management of the company should be knowledgeable enough to allocate the resources in the best place to get the best results (Piper, 2015). It is important for every stakeholder to know about the past and current trends of an entity before taking its decisions (Pratt, 2014). It enables to compare the present performance with the past and ascertain that what is the extent of improvement that the company has shown. The financial statements provide various information such as the asset and liabilities along with the expenses and gains (Spiceland, Thomas and Herrmann, 2011). The assets of the company reflect the financial position and stability to pay off the liabilities. It gives a general idea of the going concern of the company by determining the key financial ratios with the help of the financial statements. The income and expenses reveals the continuous flow of resources and whether the expenses that were incurred were actually required or wasteful. If the entity is found to make wasteful expenditures then the stakeholders may not take interest in those companies as these are the signs of poor management (Warren, Reeve and Duchac, n.d.). The financial statements should be prepared with full knowledge and truthfulness because it not only reflects the financial performance of the company but also the non- financial aspects are covered therein. The stakeholders in order to check the companys awareness towards the society check the social responsibility carried out (Weil, 2014). An entity is not considered efficient only when it has a good profitability but it should also fulfil its responsibility towards the society. Therefore, proper disclosures of the corporate social responsibility that the entity has performed should be disclosed in the financial reports. The stakeholders trust their hard earned money with the company and so it is their right to get correct information and give them back good returns. Therefore, the entity should not include any such wrong fact in the financial statements which would influence the decision of the stakeholders and mislead them. All the information provided should be in accordance with the various accounting concepts and standards. The non compliance of the accounting standards leads to violation of law and is punishable (Weygandt, Kimmel and Kieso, n.d.). If the company fails to comply with these rules and regulations or if there is any defect found in the financial statements then the there will be a huge loss of reputation in the market and it will become very difficult for them to survive and have a sufficient market share. Therefore, a reporting entity must provide all relevant information in the financial statements which will enable the users to take decisions wisely (Williams et al., 2015). Conclusion The accounting concept 1 defines the entities that falls under the category of reporting entity, the entities which fall in such category has been properly stated above. These entities require to make financial statements on compliance with certain rules and regulations because these reports are important and highly influence the decisions of various stakeholders. It is important for them to have complete information prior to the decision making. References Accounting for Small Business Owners. (2017). 1st ed. Rockridge Pr. Anon, (2017). 1st ed. Breitner, L. and Anthony, R. (2013). Core concepts of accounting. 1st ed. Boston [u.a.]: Pearson. Dyckman, T., Magee, R. and Pfeiffer, G. (2014). Financial accounting. 1st ed. [Westmont, Illinois]: Cambridge Business Publishers. Easton, P. (2015). Financial Accounting for MBAs. 1st ed. [Cambridge, UK]: Cambridge Business Publishers. Edmonds, T., Edmonds, C., McNair, F. and Olds, P. (2016). Fundamental financial accounting concepts. 1st ed. New York, NY: McGraw-Hill Education. Harrison, W., Horngren, C. and Thomas, C. (n.d.). Financial accounting. 1st ed. Ittelson, T. (2009). Financial Statements: A Step-by-step Guide to Understanding and Creating Financial Reports. 1st ed. Career Press. Kimmel, P., Weygandt, J. and Kieso, D. (n.d.). Financial Accounting. 1st ed. Loughran, M. (2011). Financial accounting for dummies. 1st ed. Hoboken, N.J.: John Wiley Sons. Piper, M. (2015). Accounting made simple. 1st ed. [United States]: [CreateSpace Pub.]. Pratt, J. (2014). Financial accounting. 1st ed. Hoboken NJ: Wiley. Spiceland, J., Thomas, W. and Herrmann, D. (2011). Financial accounting. 1st ed. New York: McGraw-Hill/Irwin. Warren, C., Reeve, J. and Duchac, J. (n.d.). Financial accounting. 1st ed. Weil, R. (2014). Financial accounting. 1st ed. Mason, Ohio: South-Western. Weygandt, J., Kimmel, P. and Kieso, D. (n.d.). Financial accounting. 1st ed. Williams, J., Haka, S., Bettner, M. and Carcello, J. (2015). Financial accounting. 1st ed. New York, NY: McGraw-Hill Education.

Net Present Value and Papa Geo free essay sample

The restaurant would be located in Orlando, Florida and would majorly target middle to lower-middle class families with children, as well as adults and seniors, thus making it a friendly and family place. The major product and service provided by the restaurant would be Italian food served buffet style with an all-you-can-eat format with a lot of variety including a salad bar, pizza, several different types of pasta with three or four types of sauces, soup, desserts, and a self-serve soda bar. There would also be a gaming area within the restaurant with gaming machines installed which would be of interest to children. The business would provide wholesome and fresh food, in a simple format, with very good prices and is located in a densely populated area, all of which would help the restaurant to do well and establish itself as a popular and profitable business. * * * Also, provide a second paragraph which describes how the budget supports the company’s strategy. We will write a custom essay sample on Net Present Value and Papa Geo or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page * * Finally, provide a third paragraph where you summarize the key points from your budget, including the planning horizon, the amount of up-front investment, the NPV, Payback and IRR of the project, as well as key figures from your income statement, cash flow statement, and balance sheet. * Remember, this is not a thesis or introduction of what you will talk about – it contains the major, specific content of each section. The second and third paragraph should be written after you have completed all other sections of this template. * * As you complete sections of this template, please remove all italicized text in all sections of this template and replace it with your own or you will lose points! * * 2. 0 Sales Forecast 2. 0 Sales Forecast * * This section forecasts the sales of Papa Geo’s restaurant over a five-year period. Section 2. 1 gives the estimated sales figures and a brief explanation on the changes in these figures over the planning period. * Section 2. 2 delves into the details of how this sales estimate has been arrived at, calculations involved and the methods and assumptions used in the process. * Overall, this section is useful is providing an estimate of how much the restaurant can make in sales, given its internal specifics and external environment. * 2. 1 Sales Forecast * * The yearly sales forecast for Papa Geo’s restaurant is given below. In $ | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Sales | 933,504. 00 | 1,555,840. 00 | 1,616,517. 76 | 1,679,561. 95 | 1,745,064. 87 | * My methods and assumptions for arriving at the sales figures in the table are detailed in section 2. 2 The sales figure estimated per my calculations is taken as the sale figure for Year 2. This is because the sales figure arrived at from the calculations cannot be assumed to be sales for Year 1 as the restaurant might not be able to realize its full potential and attract the estimated number of customers from day one itself. Also, teething problems with marketing, operations etc might not lead to optimum sales. Therefore, we will project only 60% of this figure as first year sales and use the estimated figure as the sales figure for Year 2. Over the planning period, starting from Year 2 onwards, sales are expected to grow at a rate of 3. 9% every year, in line with industry estimates of the average growth of the restaurant industry in the US (Source: Mintel International, cited in section 6. 0). * * 2. 2 Methods and Assumptions * According to the brief given on Papa Geo’s restaurant, there are about 10,000 families living within 15 minutes of the restaurant. Of these, between 3% and 5% are rich households (Phoenix marketing international, Wikipedia) and it is assumed that another 15% comprise of high income and upper middle class households. That leaves about 80% of the 10000 families in the area,that are the target market for the restaurant. * * According to a research paper (in restaurant. org), American families eat out about 4 times a week. However, considering that our target market comprises of mostly middle and lower income families, I’ve assumed that they eat out only about 2 times a week on an average. This means that, about 16000 families [(80%*10,000)*2] eat out in a week in that area in Ohio, Florida. * * In terms of competition, although it is mentioned that McDonalds, Taco Bell and Wendy’s operate in the area, we assume there are other small places that people might visit to eat out. Also, people might venture out beyond their areas to eat out. Keeping these in mind, we’ve assumed that these four places (Papa Geo’s, McDonald’s, Taco Bell and Wendy’s) will be able to capture only about 85% of these families. (16000*85%=13600/week). Of these four places, since the others are fast food and fast food restaurants generally command a larger footfall than other format restaurants we assume the following about their share in the pie of families: Taco Bell: 30%, McDonald’s: 30%, Wendy’s: 30% and Papa Geo’s: 10% * * i. e, Papa Geo’s can expect to capture 1360 (10%*13600) families per week. Since this is a family dining place, we make another assumption about the composition of the family. We assume that out of a family of 4, two are kids and two adults. Which means that about 2720 (1360*2) kids and 2720 adults (1360*2) will eat from Papa Geo’s per week. * * Given that a meal (including drinks) cost about $7, we make the following assumptions: * Adults visiting the restaurant will have meals (@ $7), on an average. * Kids visiting the restaurants with their families will make a bill of about $4 per head. Given this, we now estimate the weekly sales for adults and kids. Therefore, d * Sales from Adults per week: 2720*7 = 19040 * Sales from Kids per week: 2720*4 = 10880 * * Now, the total sales (both adults and kids, as part of families) per week can be estimated at: 19040+10880 = $29920 * Therefore, average sales per year = 1,555,840 * The sales figure estimated by these calculations is taken as the sale figure for Year 2. This is because the sales figure arrived a t from the calculations cannot be assumed to be sales for Year 1 as the restaurant might not be able to realize its full potential and attract the estimated number of customers from day one itself. Also, teething problems with marketing, operations etc might not lead to optimum sales. Therefore, we will project only 60% of this figure as first year sales, and use the estimated figure as the sales figure for Year 2. Over the planning period, starting from Year 2 onwards, sales are expected to grow at a rate of 3. 9% every year, in line with industry estimates of the average growth of the restaurant industry in the US (Source: Mintel International, cited in section 6. 0). * * * * * * * * * * * * * * * * * * 3. Capital Expenditure Budget 3. 0 Capital Expenditure Budget * * Capital Expenditure Budget: * Item| Cost| Quantity| Total cost| Source| Notes and Assumptions| Cost of registering a business| 300| | 300| ehow. com| Cost of registering includes: actual cost of registering ($70), legal fees and misc expenses (approx $230)| Renovation of facility| 15000| 1| 15000| Given| This includes all kinds of beautification etc that the restaurant needs to start operations| Soda fountain ba r| 3621| 1| 3621| Soda-dispenser. om| Prices quoted may or may not be the same at later dates| 2 pizza ovens| 849| 2| 1698| ebay| Prices quoted may or may not be the same at later dates| salad and Pizza/dessert bar| 1450| 1| 1450| ebay| Prices quoted may or may not be the same at later dates| Commercial Refrigerator| 3529| 1| 3529| Coldtechcommercial. com| Prices quoted may or may not be the same at later dates| Cash Register| 170| 2| 340| ebay| Prices quoted may or may not be the same at later dates| Video game vending machine| | | | | | Type 1| 550| 2| 1100| ebay| Prices quoted may or may not be the same at later dates| Type 2| 750| 2| 1500| ebay| Prices quoted may or may not be the same at later dates| Laptop for management| 275| 1| 275| ebay| Laptop purchased with Warranty, Price quoted may or may not be the same at later dates| desk for mgmt| 25| 1| 25| ebay| Prices quoted may or may not be the same at later dates| Staff Microwave| 319| 1| 319| ebay| Prices quoted may or may not be the same at later dates| Staff cupboard| 100| 1| 100| Assumed| | taff refriferator| 700| 1| 700| ebay| Prices quoted may or may not be the same at later dates| Tables for the restaurant| 279| 20| 5580| tableschairsbarstools. com| Prices quoted may or may not be the same at later dates| Chairs for the restaurant| 55| 80| 4400| restaurant-services. com| Prices quoted may or may not be the same at later dates| Busing cart for restaurant| 50| 1| 50| ebay| Prices quoted may or may not be the same at later dates| Commercial dishwasher| 2500| 1| 2500| ebay| Prices quoted may or may not be the same at later dates| Restaurant signage| 124| 1| 124| brightledsigns. om| Although this is a form of advertising, this wouldnt be considered as an operating cost given the long term (more than a year) nature of its use| Total| Â  | Â  | 42611| | | * * The above table provides an estimate of the capital budget required for Papa Geo’s restaurant. For each item, sources and assumptions used are explained towards the right side of the table. Other generic assumptions beyond those already mentioned are provided below: * Miscellaneous cooking and handling equipment cost will be considered operational expenses and will not be capitalized given the short term (less than a year) use of such assets.

Sample Essay About Choosing a College

Sample Essay About Choosing a CollegeWhen I was in college, the practice of writing a sample essay about choosing a college went a little something like this: Get a professor to write one. Ask another student to help you write one for another program.That's it! No time to research or write it. Well, guess what?Once your essay is done, you need to submit it to a school counselor who will then review it. If they find that your essay meets their criteria, they'll give you your choice of college. If they find that your essay doesn't meet their criteria, they'll send you a letter asking for more information, and if you still want to attend that college, then you may not have to do an extra writing assignment.The second scenario is what I mean by the second scenario being our actual experience. Instead of writing a standardized essay for college admissions, colleges and universities now require students to write an essay to do two things. First, it's a refresher course for high school and gives them a list of all the top schools. Second, it tests your critical thinking ability by allowing you to select the college you want to attend, instead of providing a default answer.Your essay must be able to stand on its own as well as stand as a preview of your critical thinking abilities. To find out what your sample essay should be like, start with an idea of how many pages it will be, and if you already know what you want, simply read it through and make any modifications you want.Next, choose a topic for your essay, and outline the topics in outline format. Review your outline, edit it and rewrite it if necessary, and then choose a topic and begin writing.Finally, submit your essay to the schools you want to attend, and request feedback from your teachers and academic advisers. Your school should not only give you feedback on your essay, but it should also provide guidance on what kind of essay to prepare in the future.During the admissions process, most applicants forget that the admissions committee wants to hear from more than just their friends and their teachers. We are in a place where more than ever, we need more students, and that means more students applying to the best college for them. Please don't forget this fact when preparing your essay.

Safaricom Limited Operations Management

Safaricom Limited Operations Management Firms operate under distinct and procedural aspects identifying their operations, efficacy, integrity, as well as the overall credibility in business operations. This paper has discussed the operation of Safaricom Limited. It defines its strategic management processes and the internal operations as retrieved from video and other reliable sources of this firm.Advertising We will write a custom essay sample on Safaricom Limited Operations Management specifically for you for only $16.05 $11/page Learn More Safaricom operates within the communication industry providing payable networks throughout the host country. Prior to comprehensive observation, various core operations of this firm have been identified as supplying, distributing, client management and business models. Safaricom handles customers through ensuring that its operation and business strategies run intact in a mutual mission targeting. The Company Safaricom website is accessible through www.safaric om.co.ke where most organizational information is available (Safaricom 1997). It has been defined as a leading communication firm offering networks to people in Kenya. The organization has been leading such other firms as Airtel, Orang,e and Yu among other through gathering the largest number of customers in the country. It was operating on a profit of over $390 million during the 2014 financial year. The operations are the most competitive especially in respect to the development of a responsive support system taking care of the customers. The communication industry in which Safaricom limited is conducting its business has the four firms named previously as Orange Kenya, Airtel Kenya, Equitel and Yu. The advantage of Safaricom against these companies is customer loyalty directed and maintained through high rates of communication when contacting the clients of their competitors. In fact, Safaricom has sought to eliminate or own other upcoming direct competitors strategically. For in stance, it has bought the largest share of an upcoming competitor referred to as Yu Mobile. Key Elements of Business Strategy Safaricom has developed a strategic approach that attracts and retains clients. The company developed cards to subscribe networks which bound clients from changing their contact identity as the competitors demand. It has approached the communication services through delivering devices for messaging, internet connection and voice calls. In a bid to ensure that services are rendered properly through the channels set, Safaricom has a customer care system to sought issues and collect suggestion (Deliberate Loopholes 2011). The sales department for the networks uses cards with codes to top-up airtime of prepaid services. On the other hand, the sale of computers and mobile devices has been distributed through their shops and agents.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF L earn More Operations The firms conduct sales, product distribution, network setup, and monitoring system. As a firm, Safaricom is expected to proceed in the market for a long period. The needs for communication are continuous throughout human life implying that the business model is continuous. Product process matrix life cycle stages Process Flow Safaricom products are sold through a process whereby the major retailers continuously receive the products through the wholesalers also referred to as the distributors. Distributors buy the products from Safaricom sales department at lower prices in order to ensure that the selling takes place at the intended price. The sale of airtime begins when Safaricom Limited securely forms new codes for topping up which are then printed by the production section. The produced cards are released continuously in parts through flow in the product process matrix. Business Strategy versus Operation Strategy All the employees are set to serve th e running and ensure that the process runs continuously (Nzuve Kamau 2014). The business strategy ensures that all the products made or released by the company are marketed and distributed for sale. Essentially, profits are the key aspects and reasons of conducting the business. In this perception, the operations usually feed the business and vice versa in order to ensure all aspect grow mutually. Process Structure The information regarding Safaricom is rendered through advertisements on mass media, websites, messaging, and a support system to deal with customers. Essentially, they keep both the digital records and written documents. Their physical services are rendered throughout the nation on money transfer outlets called Mpesa and Safaricom shops (Bosire 2012).Advertising We will write a custom essay sample on Safaricom Limited Operations Management specifically for you for only $16.05 $11/page Learn More The process has such fundamental pros as the eas e of accessibility. Ideally, Safaricom ought to get substantive competition than the prevailing one in order to facilitate innovations and better services to the clients. Intense Issues Safaricom Limited has not only forced customers to take its services, but also partially monopolized the services being offered. The company has invested and innovated ways to distract the initial systems of communication and money transfer services through preventing other companies from accessing their network. In fact, it has prevented the introduction of the thin SIM cards which would allow the cardholders to receive services from two of 3 distinct companies using a single phone. Moral Framework In order to curb the varying issues perceived from Safaricom limited, community involvement in decisions affecting them must be addressed. The controversy apparent in their arguments on the appropriateness of the specified prices and manipulation of prices should be done through prior public consultatio n. Choice for the Organization The realistic recommendation for the company. It should prepare strategies to access and receive recommendation and assessments from the customers at all times. This aspect can allow the company to collect important information. Four strong facts or data supporting arguments: The prominence of a marketing strategy and its business repercussions are inherent to each other. Safaricom will retain its loyal customers willingly or from pressure retrieved from the high cost off-net services from the main provider. The exploitation of customers due to the strength of a company in the market faces legal regulation as initiated by the Communication Authority of Kenya (Maina 2010). Safaricom will not loosen the hardness of penetrating the communication industry. Marketing of product to attain some business advantages requires critical evaluation and care since it determines the number of customers loyal and willing to product the brand goods or services (S lack et al. 2012). Researchers and protagonist have paid attention to this aspect in an ideally proficient and reliable. Even though this aspect has developed concise directions for marketers, they manipulate how the market is formed and developed through asserting certain ethical considerations. References Bosire, J 2012, M-PESA: Why Kenya, Simon Fraser U, Burnaby, B.C. Deliberate Loopholes: Transparency Lessons from the Privatisation of Telkom and Safaricom 2011, AfriCOG, Nairobi, Kenya. Maina, J 2010, Analytical Research for Safaricom Limited Company: A Customer Satisfaction Survey, International Business, vol. 5 no. 1, pp. 1-45.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Nzuve, S and Rebecca K 2014, Perceived Relationship between Motivation and Job Satisfaction Among Call Centre Agents at Safaricom Limited, SSRN Journal SSRN Electronic Journal, pp. 1-18. Safaricom 1997, https://www.safaricom.co.ke/. Slack, N, Brandon-Jones, A, Johnston, R Betts, A 2012, Operations and Process Management with eText: Principles and Practice for Strategic Impact, Financial Times Prentice Hall, New York.