Saturday, May 23, 2020
How Personal Organization Can Have Direct Impact On Your...
Is your laptop, monitor or desk covered in sticky notes? Do you use a different notebook or pad of paper each time you take notes at a meeting or on a call? Do you scribble notes and tasks on odd pieces of paper and then keep them in stacks on your desk? If you answered yes (and hopefully cringed) to any of those questions, then I m going to venture to guess that you are perhaps in desperate need of improving your organizational skills! Personal organization can have direct impact on your small business s success. When your important tasks, projects, events and schedule are all managed in a productive way, the result is likely to be that your business is also organized and able to grow. Poor organization skills lead to low productivity, which in turn leads to wasted time and effort. That s wasted time and effort you simply can t afford when you are working hard at growing your small business. To improve your personal organization skills, it s important to develop a system that works well for you and your particular environment. An effective organization system is ideally developed over time, and requires consistency and discipline. As I believe the saying goes, it takes 21 days of repeated action to form a habit. However many days it really does take, we typically don t develop our bad habits overnight so we can t expect to correct them in a day either. Your personal organization system does not have to be complex or high-tech for it to be effective. MyShow MoreRelatedEthical Issues in Relations Between Business and Customers.1562 Words à |à 7 Pagesissues in relations between business and customers. Suleimenova Nazira. Management 11.852 Ethical issues in relations between business and customers. Nowadays, people the most part of their life spend at the work. At work, person has a contact with other employees, meets the requirements of management or personally gave orders to his subordinates. But also, the organization (enterprise, firm) in which employees work, constantly interacts with other organizations, the state and the variousRead MoreSocial Media And Its Effect On Business1388 Words à |à 6 PagesThese elements are how Facebook revolutionized contemporary marketing approach, the effect on big brands and small businesses, Facebookââ¬â¢s role in a business and all the tools and strategies they offer will be presented, analysis of the businesses who include Facebook as a marketing key in their business. Comparative data will show the competiveness and efficiency between Facebook and Twitter. Facebook contemporary marketing approach is crucial. Todayââ¬â¢s technology and business environment are forcingRead MoreBook Review - the Serving Leader1686 Words à |à 7 PagesSERVING LEADER A Review of The Serving Leader: 5 Powerful Actions That Will Transform Your Team, Your Business and Your Community Review of The Serving Leader CITATION Jennings, K., Stahl-Wert, J. (2004). The Serving Leader: 5 Powerful Actions That Will Transform Your Team, Your Business and Your Community. San Francisco: Berrett-Koehler Publishers, Inc. MAJOR THESIS The book The Serving LeaderRead MorePromotion Is One Of The Best Jobs In The World! Promotion1664 Words à |à 7 Pagesis one of the best jobs in the world! Promotion is an activity that will keep a person engage by building customer awareness of a product or brand. One part of promotion is personal selling. Another part of promotion is advertising. In addition, sales promotion, as well as, publicity. Last, but not least promotion uses direct marketing. Even though a person might not get enough sleep during the night, a person should obtain a job that includes promotion because it is the best job in the world, oneââ¬â¢sRead MoreBusiness Management : Motivation Theories Analysis Paper1384 Words à |à 6 PagesBusiness Management (Motivation Theories Analysis Paper) By Ethan Cole Table of Contents Introductionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 1.0 Motivation Typesâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.2.0 Motivational Theoriesâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.....2.1 Investigation into Workplace Satisfactionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..3.0 Evaluation of Performance Pay / Recommendationâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦4.0 Appendixâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..5.0 Appendixâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦5Read MoreAn Description Of A Receptionist1682 Words à |à 7 Pagesanswering telephones and giving information to the public and customers. Receptionists are often the first employee that the public or customer has contact with. They are responsible for making a good first impression for the organization, which can affect the organization s success. A receptionist role would be typically doing the following duties which are the following: â⬠¢ Answer, screen, and forward telephone calls â⬠¢ Greet walk-in customers and other visitors and escort them to specific destinationsRead MoreCase Study : Apple Inc.1446 Words à |à 6 PagesSummary Apple Inc. was built up on 1st April 1976 around then the organization was known as Apple PC, Inc. Apple almost has 35,000 representatives overall and its business recording about US$42.90 billion by 26th September 2009. It arrived in a magazine named Fortune that Apple had been most refreshing organization in the United States in 2008 and worldwide in 2009. Apple fundamentally offers tablets, iPods, and mobiles and so forth here we are set to focus on their portable PCs. 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Monday, May 11, 2020
Operation Overload or D-Day Essay - 950 Words
D-Day, also famously known as Operation Overlord, actually stands for Day-Day. It was termed Day-Day since the Allied forces at the time did not want exact date to be known or set for the purpose of maintaining it to be a surprise attack. D-Day was a well-planned Allied invasion to gain foothold in France and the event took place on June 6, 1944 in order to liberate France which was, at the time, fully an Axis-occupied area (Kemp 75). Undoubtedly and according to the Allied forcesââ¬â¢ plan, it was an unexpected attack to the Germans, which increased the probability of success. Troops from several countries around the world worked together to carry out the D-Day mission, including United States, Canada, Britain, and France. (Turner 44) Theâ⬠¦show more contentâ⬠¦More specifically, Caraquet, as well as other ships, cleared paths to allow landing craft to reach the invasion beaches, according to the D-Day plan while allowing warships to bombard enemy defences. Overall, the R oyal Canadian Navy played a significant role in the Normandy landings by contributing vessels and sailors to the massive armada of 7000 Allied forces on the D-Day. Canadians showed adept skills and abilities on D-Day from what they had learned in their previous war experiences. Canada had only one experience in its national history of large-scale combat on land before the D-Day. The Canadian corps that fought on the Western Front in WWI left behind not only a formidable combat record but an intellectual legacy as well. Just as with the British army, the lessons of 1914-1918 and the techniques of 1918 set the framework within which Canadian professional soldiers thought about any future war. (Callahan 270) In addition, Canada and other Allied forces were able to successfully perform their battle tactics after experiencing a tremendous failure in the Battle of Dieppe. They attempted to make a successful raid on German-occupied Europe over water, and then to hold Dieppe briefly; however, it was a disaster. As a result, hundreds of Canadian soldiers were killed and thousands were wounded or taken as prisoners. Despite this devastating failure, the Dieppe raid had providedShow MoreRelatedThe Battle Of The Allied Powers During World War II1528 Words à |à 7 PagesII, the idea of an amphibious landing was explored thoroughly and determined to be the only way to get a foothold into Hitlerââ¬â¢s empire. The invasion was a bloody 3 day encounter on 5 beaches that resulted in an enormous exchange between Hitler and the Allies. Because of this, it gave a rise to the power to the Allies in Europe when D-day was victorious. From 1941-1944 the Allies goal was to defeat Germany first. For many months, the Allies were trying to plan a massive invasion of Northwest EuropeRead MoreThe Battle Of The World War II2128 Words à |à 9 PagesThe D-Day landings and the Battle of Midway. The invasion of Normandy occurred in the Atlantic theater whereas the Battle of Midway took place in the Pacific Theater of the war. Although these battles happened in different theaters of the war, the Allied victories sent both the Japanese and the Germans marching down the road to defeat. 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As a result of the battle the Allies won and the nazis lost. For the Allies it was a victory but for others it was a devastation. On the date of September 1, 1939, it was the start of World War I when Germany invaded Poland. The fighting spun out of control and continued for six years. The leader of the AxisRead MoreEmergency Management1448 Words à |à 6 Pagesmajority of those affected by a disaster will die within 72 hours after impact.[Harrald] With this type of stress there leads to either information overload or lack of needed information. The system implemented will need to be able to add contextual data to any information received to decide its relevance. This would greatly reduce any information overload that would hinder decision making. 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The allies were interested in attacking Europe through the entry from various entries into the country. It is believed that the D-Day and Omaha beach was the hardest fought and significant victory for the Allies in the World War II. According to Ambrose, there were five beaches and the Omaha beach was the one that received the most devastating effectsRead MoreHydraulic Report Of Hydraulic Press1519 Words à |à 7 Pagesonce issued a patent within the year 1795. As Bramah studied the present literature on the movement of fluid and place his experience into the progress of the presses. Hydraluic presses area unit the oldest of general machine instruments. In modern-day sort, is sweet tailored to presswork ranging from coiningg jewlry to formation plane components. fashionable hydraulic presses, area unit appropriate to be applied to the place the machine has been commonly a lot of modern. Hydrualic press works onRead MoreHistorical Events Portrayed During War Films1380 Words à |à 6 Pageshappened in reality. The film portrayed the D-day invasion in Normandy France. The invasion was also known as ââ¬Å"operation overloadâ⬠because about 150,000 American paratroopers were dropped in Omaha beach and 2 million more soldiers followed. In the first half hour of the movie Spielberg wanted to show how ââ¬Å"war is not glamorous and safe just brutal, cruel and bloody terrifying-and people dieâ⬠(Haggith p333). It was the most faithful representation of the D-Day landings ever bought to the screen. OmahaRead MoreWorld War I And The War II1518 Words à |à 7 Pagesstruggling countries because they agreed to a policy of Isolationism (Jorge 1). In March 1939, the whole country of Czechoslovakia was under German control. Next, Hitler wanted to take Poland. On September 1, 1939, Germany invaded Poland. A few days later Britain and France declared war on Germany. This marked the beginning of World War II (Woolf 25). In June 1940, Mussolini had declared war on the Allies. He already had more than a million men in the Italian army based in Libya (Jorge 1)
Wednesday, May 6, 2020
Which Is the Most Successful Fashion Company in the Department Free Essays
string(52) " of rival department store Debenhamsâ⬠\(Brown, J\." ââ¬Å"WHICH IS THE MOST SUCCESSFUL FASHION COMPANY IN THE DEPARTMENT AND GENERAL STORE SECTOR OF THE UK FASHION INDUSTRY FOR MEN AGED 25-34â⬠CONTENTS 0. DEFINING SUCCESS pg 3 1. 1 Market Research Pg 3 2. We will write a custom essay sample on Which Is the Most Successful Fashion Company in the Department or any similar topic only for you Order Now 0 Secondary Research Findings Pg 5 2. 1 Horizontal Analysis Pg 5 2. 1. 1 Turnover Pg 5 2. 1. 2 Gross Profità Pg 7 2. 1. 3 Operating Profit Pg 9 2. Vertical Analysis Pg 10 2. 2. 1 House of Fraser Pg 10 2. 2. 2 MS and Debenhams Pg 11 3. 0 Primary Research Data. Pg 12 3. 1 Aim Pg 12 3. 2 Objectives Pg 12 3. 3 Methodology Pg 12 3. 4 Method Pg 15 3. 5 Results Pg 16 3. 6 Ethical Considerations Pg 16 3. 7 Potential Limitations Pg 17 Bibliography Appendix ââ¬Å"WHICH IS THE MOST SUCCESSFUL FASHION COMPANY IN THE DEPARTMENT AND GENERAL STORE SECTOR OF THE UK FASHION INDUSTRY FOR MEN AGED 25-34â⬠1. 1 Defining Success Success can be measures in many different ways, through monetary value and finances, memorable advertising and marketing, but to many, success is a personal opinion. In terms of fashion it could be based upon the consumers like for the brands product, or an advertising campaign that made a positive impression on them. Many brands today are sporting a CSR approach and are trying to give back to the environment or community. This factor to some is something that will place many brands higher above others in personal preference. To define success, more than one factor must be analysed. Both a quantitative and qualitative approach must be used. This report will look at both approaches looking at current secondary data of each chosen company drawing conclusions of success from there as well as planning means of carrying out lucrative primary data allowing a qualitative approach to the findings. 1. 2 Market Research From the Fashion Trak frameworks of industry leaders, the chosen category for this report is Department General Stores and within that looking at Men aged 25-34. Within the fashion industry there isnââ¬â¢t normally much of a focus on Menââ¬â¢s shopping habits. A greater understanding will be gained from looking into this sector. Men are notorious for being unenthusiastic shoppers, often choosing stores where they can satisfy other interests (Mintel) The TGI lifestyle groups look at the different life stages and show an insight into where they spend their money and what on. Men aged 25-34 fall predominantly into: ââ¬â Fledglings ââ¬â Flown the nest Nest Builders | |% | |All |56. 7 | |Fledglings |67. 3 | |Nest Builders |66. 7 | |Flown the Nest |65. 8 | |Unconstrained Couples |58. 6 | |Senior Sole Decision Makers |58. 3 | |Playschool Parents |55. | |Secondary School Parents |54. 2 | |Empty Nesters |52. 4 | |Mid-life Independents |50. 7 | Fig. 1 Mintel ââ¬â Menââ¬â¢ s Fashion Lifestyles 2009 It is apparent that the men in the first of these groups have the highest interest in their appearance and that as their priorities change there is a decrease (Fig. 1). This discovery lead to the initial interest of looking at the types of retailerââ¬â¢s men in these ages shopped predominantly in. Fashion Trak shows that for men of this age, Department and General Stores featured highly among the clothing multiples and discount stores. (See Appendix 1) 2. 0 Secondary Research Findings. The use of the October 2010 Fashion Trak report showed that there where four Genera Department stores in the top 20 retailers for this age group. These results are done on Expenditure % and although they offer an initial visual to the most successful it is important to look at the other methods of success previously mentioned to gain a fuller knowledge. Marks and Spencerââ¬â¢s, Debenhams and House of Fraser are clear runners on the UK high street. FAME can be used to take a look at the financial data of each company, looking at Turnover, Profit and other factors. This provides a numerical value of success between the three of them. The results of which are shown bellow. When looking at the financial data of a company it is important to note that it may not be accurate. Figures may be out of date, estimates or not take inflation into account. Because of this, the data below must be treated as a representation and not necessarily the correct numbers. . 1 Horizontal Analysis. 2. 1. 1 Turnover The bellow graphs (Fig 2 3) show a clear visual of all three companyââ¬â¢s Turnover and % change for the past three years. It is important to note the difference in scale across these graphs. Turnover is the money generated through business activity, be it selling of products or services. It shows how much money has been produced in a given space of time Fig 2 ââ¬â Debenhams Turnover: Source FAME Fig 3 ââ¬â MS Turnover: Source FAME You can see that both MS and Debenhams have seen an overall increase in Turnover over the past three years. The line showing the % Change for both of these companyââ¬â¢s reiterates the growth patterns for both. Whilst Debenhams has seen a steady continuous increase MS saw a relatively stable growth grow rapidly from 2009 to 2010. This growth could be due to the 49% increase in only sales through MS Direct. (Thomas, R. 2010) As well as what MS Group Finance and Operations Director, Ian Dyson, puts down to ââ¬Å"improved market conditions. â⬠(MS Online) Although at a lower scale, Debenhams has increased continuously at a fixed rate. Fig 4 ââ¬â House of Fraser Turnover ââ¬â Source FAME Whilst MS and Debenhams have seen increases in turnover, House of Fraser has not (Fig 4. ) For the past five years (See Appendix 3 for full finances 2005-2010) House of Fraser, has seen a continuous decrease in its Turnover. Much of this will be due to the UK Recession. 2. 1. 2 Gross Profit A 2009 Drapers Online report discusses the increase in sales of 4. 5% over the 2008 Christmas period, a long with increase in Gross Profit for House of Fraser, stating that ââ¬Å"The performance appears to be ahead of rival department store Debenhamsâ⬠(Brown, J. You read "Which Is the Most Successful Fashion Company in the Department" in category "Essay examples" 009) At this point it is important to notify that the FAME report for House of Fraser does not seem accurate as with both Gross Profit and other figures, House of Fraser does not hold a lead over Debenhams. Their online financials do not go past 2008 and so in this case it is hard to measure the financial performance against that o f MS and Debenhams in a fair way. Gross profit enables us to look at the profit a company makes once it has taken away the cost of sales. Fig 5. Debenhams Gross Profit ââ¬â Source FAME From Fig 5 and looking at the FAME figures, it seems that Debenhams does incur high cost of sales. Although the graph seems to show a huge increase between 2009/2010, these costs have neither increased nor decreased dramatically over the past three years, as the difference has remained relatively stable. Where Turnover has increased so have the figures for Gross Profit, The difference between the two has remained similar with gross profit increasing on average by 5. 23% a year. Fig 6. MS Gross Profit ââ¬â Source FAME Fig 6 shows that in 2009 there is what looks like high costs of sales resulting in a much lower Gross Profit. 010 saw a greater increase in turnover than previous years, which when placed next to 2010ââ¬â¢s gross profit shows a near consistent expenditure for cost of sales. Although high, there have been no radical increases in it. 2. 1. 3 Operating Profit Although Turnover is an important measure of a companyââ¬â¢s success, Operating Profit provides a better grasp of how much money the company has made, as it is the figures from after the deduction of the c osts of production or in the case of Debenhams, expenditure on purchases. Fig 7. Operating Profit ââ¬â Source FAME Marks and Spencers are still a clear leader inturns of overall operating profit. However the figures and graph show that is suffered a significant decrease in 2008/9. Both Debenhams and House of Fraser seem not to have suffered at this time. This decrease will be due to a knock on effect from the decrease in turnover which effected gross profit as well. 2. 2 Vertical Analysis The margin ratios give a good incite into the overall management efficiency. It is important to look at them as a whole not individually. 2. 2. 1 House of Fraser |2010 | |2009 | |2008 | | |Gross Margin |60. 42 |2% |58. 99 |3% |57. 27 |28% | |Net Margin | 2. 87 |12% | 3. 25 |50% | 2. 16 |112% | Fig 8. Gross and Net Margin for House of Fraser. Source FAME This table shows the Gross and Profit Margins of House of Fraser over the past three years. House of Fraser show a good Gross margin, and one that has steadily increased over the past three years. In 2010 for every ? 1 of turnover 60. 42p was left after cost of sales, showing that they have low costs of sales. The Net Margin on the other hand is a lot lower that the Gross Margin. From the Profit and Loss account you can see that this is due to their Admin Expenses being high. ROCE shows (Fig 9) the percentage return on the capital invested in a business. This figure can be used to by potential investors as well as within the company in order to make cost efficient decision. |2010 | |2009 | |2008 | | |ROCE |9. 58 |6% |10. 23 |27% |8. 07 |109% | Fig 9. ROCE for House of Fraser. Source FAME In terms of potential investment, the figures for House of Fraser are relatively low, although they are not in negative numbers, it can be seen that for every ? 1 invested into the company only 9. 6 p will be generated in turnover. 2. 2. 2 MS and Debenhams Unlike House of Fraser both Debenhams and MS have much lower figures for their Gross Margins,(Fig10) showing theyââ¬â¢re cost of sales is greater than that of House of Fraser | | | | | | | | |2010 | | | | | | | |2009 | | | | | | | |2008 | | | | | | | | | | | |MS | | | |37. 94 | | | |2% | | | |37. 21 | | | |4% | | | |38. 5 | | | |1% | | | | | | | |Debenhams | | | |15. 43 | | | |8% | | | |14. 32 | | | |3% | | | |14. 6 | | | |13% | | | | | | | |Fig 10. Gross Margins for Debenhams and MS. Source FAME | | | | | | | | | | | However when compared next to their Net margin as well, the difference is noticeably small that House of Fraserââ¬â¢s. | |2010 | |2009 | |2008 | | |Gross Margin MS |37. 4 |2% |37. 21 |4% |38. 65 |1% | |Net Margin MS |7. 37 |5% |7. 79 |38% |12. 51 |15% | Fig 11. Gross and Net Margin for MS. Source FAME Both the Gross margin and the Net margin for MS are low (Fig 11). In order to improve their Net Margin, the expenses must be looked at and a reduction of the proport ion of expenses paid out of every ? 1 must be reduced. The Gross margin for Debenhams is also low (Fig 12) , showing again as well as with both House of Fraser and MS that there is high expenditure. The margin between Gross and Net compared to the other two companies is narrow, this shows that in terms of other costs before taxation and interest they are low. | |2010 | |2009 | |2008 | | |Gross Margin D |15. 43 |8% |14. 32 |3% |14. 76 |13% | |Net Margin D |11. 74 |4% |11. 33 |12% |12. 85 |7% | Fig 12. Gross and Net Margin for Debenhams. Source FAME Although as stated their expenses are low, the Gross margin shows that cost of sales are very high, some thing that is arguably too high for a company that does not produce clothes but buys them in. This could also be attributed to the fact that as a brand they have a lot of markdowns (Blue X Sales), which put pressure on their margins. As with House of Fraser ROCE allows us to see if the company would be deemed a good one to invest in as well as other factors. | |2010 | |2009 | |2008 | | |ROCE MS |8. 9 |4% |9. 31 |36% |14. 44 |10% | |ROCE Debenhams |29. 43 |9% |26. 88 |9% |29. 66 |12% | Fig 13. ROCE for MS and Debenhams. Source FAME It is clear that between the three companyââ¬â¢s Debenhams has the highest ROCE. (Fig. 13) 3. 0 Primary Data Research 3. 1 Aim: The aim of this secondary research is to determin the most successful fashion company in General Department stores for Men ages 25-34 in the uk fashion industry 3. 2 Objectives: 1. To determin a qualitative definition of success. 2. Decide upon a relevant research method to use to undertake an academic and successful way of research. 3. To find a suitable method to use in conjunction with the already analysed secondary research. 3. 3 Methodology: In order to ensure the questionnaire is carried out in an accurate and appropriate way a carefully designed plan of action must be made. The best results are when the questionnaire can grasp a good collection of resualts from a random field. The sample is an important factor, deciding upon who to ask must be taken into consideration. There are various methods of doing this that include. Quota sampling is a method where by the interviewee chooses people inevitably at random but which all show signs of differences based on the chosen interest. (Arsham, H) Stratified sampling is a method of random selection with in a sub group Cluster sampling where an intire department is used. (Easterby-Smith et al. , 2002: 136) It is important here to focus on the target group at question; Men aged 25-34. Any of the three methods chosen above would be relevant. However in this istance a Quota Sampling method will be used. This allows for the questions to be targetted at males only. Cluster sampling would not have allowed for this as a in order to find a male only/dominated unit would be near impossible without added prejudices. It is also imperative to decide upon the size of a sample. In order to gain an appropriate and relevant understand the size must be one that will provide enough answers to analyse. When conducting this questionnaire an initial numnber of 150 people will be approached. A questionnaire can either be done face to face or not. When conducting a non face to face questionnaire, it would be difficult to control the span of people it would reach. Online programs such as Survey Monkey are one way of spreading a survey, however in many cases this wouldnââ¬â¢t result in random selection of applicants as it is most likey to be sent on to friends and family. For this survey the starting point for gathering answers will be done on a face to face basis. When designing a questionnaire for face to face gathereing. There are areas to consider which may in turn casue limitations. Many people will not have time to answer a long questionanire and so short, snappy easy to answer questions are imperative. As well as this keeping the overall length of the questionnaire short. In order to maximise time, make placing the most important questions towards the first half will allow for error if time runs out. The question types must be kept in mind for the planing and creating, looking at both the phrasing of the question as well as choosing the method best suited for the answer. In this instance this questionnaire will firstly need to obtain Nominal and Interval data. In order to seek to answer the Aim only men must be asked, and although not always appropriate in this case it is imporatnt to ask about age. Some people will not be willing to give their xact age and so in this case it will be just asked if they fall into the 24-35 age bracket. Once this has been found the basis of the rest of the questionnaire will use the Likert Scale. A scale that measures the stregth of agreement towards a certain statement or subject. An example of a Likert Scale can be seen in Appendix 2. This method c an be used to also look at frequency, importance, likelihood and quality of product or serivice. When using the Likert Scale to look at frequency, agreement is not nessecerily the best method of gaining a quick answer, it is important to not that the perosn being asked the questions may not remember how often they for instance shop at Debenhams. In this case an other box where they or you can add an extra note or different answer is usefull. As well as this there are many other ways to form questions, ââ¬â a comment box where there is no help/hint to gain and answer and the oppinons of the intervewee can be voiced. ââ¬â a ranking or scale method can be used, where level of importance is ranked say 1-5, 5 being most important, 1 being least. Situations like this must be considered to allow for the questionnaire to run smoothly and to make sure the best results are achieved. It is best to try out these various methods within a prototype to see which ones will work best in certain circumstances. Bell, 2005:138) When conducting the design of a questionnaire a prototype or pilot version which can be tested on a friend or two is a good way of seeing if there is continuity and that is is quick and easy to fill out. An example of a prototype for this research this can be found in Appendix 4. The use of this prototype can als o be used to asses the wording. Bell looks at the different means of commonly used ââ¬Å"survey wordsâ⬠Stating it is important to know how one word to one person could potentially mean something very different to another. As well as meaning, careful selection must be made to assure statements are not made that could be deamed offensive. This questionnaire seeks a positivist approach to the research proposal where by the observer remains autonomous of the subjects being observed, where by the data can provide ideas to be assumed it will seek to find out the personal opinions of the consumers of the UK high street, this approach will use a qualititative form of questionnaire. It will seek to obstract oppinions rather than fact. The findings from this questionnaire will seek to provide a theory of which to base the conclusion of this research. It is there for and dedutive approach. (Bryman and Bell, 2007) Method: In this occasion the questionnaire is being designed to gather customer information and perception of Debenhams, MS and House of Fraser. In order to get information for all three, the locations picked will have to be ones where all three of these retailers are present. This will of course not always be the case, and so larger cities across the UK would have to be chosen. Londonââ¬â¢s Oxford Street houses all three, however it is an extrodinerily busy place and so completion would prove difficult. Smaller secondary cities and areaââ¬â¢s around the capital would be more beneficial. The placement of the questionnaire would need to be around the loaction of each store. Equal ammount of time would need to be spent at each location with approximate equall surveys filled as well. A mutual area in the main shopping area would also provide a good location. In order to ask as many shoppers as possible as well as gather a greater variety, a weekend day would be used. However to gain a great depth a week day should also be considered as well. Results: Once a representative sample of surveys have been completed, the results will be gathered in and then an indepth analysis will take place. As the survey will have been altered and throughrally designed, the answers to all questions should provide helpful contributions to its chosen field of research. Correlations between the quanitative secondary research and the qualitative primary research will be looked at at this stage and from then on it can be seen wherther or not there are any trends between them. The results of this stage will then begin to form the basis and main argument in drawing a conclusion to the Aim. Ethical Consideration: Due to the ethnographic nature of this research, one must take into carefull consideration the code of conduct for the establishment underwhich he/she is working. The University of the Arts, Code of Ethics requires that all research be carried out in a responsible way that complys with the code. Helth and saftey must take prominent position and in many cases a risk assesment must be carried out before starting research. This factor is important when undertaking a survey on location as said area must be deamed a safe working environment. When approaching an intervewee it is important that they are clear of who the questionnaire is for and what it is going to be used for. It is essential to gain their consent before the survey is taken any further. Bell 2005:45) All participents of the research should understand that they are gauranteed a right to privacy as well as having both theyre physical and psychological independence respected. Potential Limitations: When conducting a questionna ire there are a various number of limitations that must be carefully looked at. For starters the location and distribution. Although it is easy to say when and where it will be carried out, consumer shopper habits change daily and may be affected by external factors such as the weather, something that could alter the gatheriing accuracy of the data. A questionnaire is a timing consuming method of collecting data. Many people will not want to be stoppped in the street whilst with their family of friends, and if a survey is sent on via email they are not neccessirily going to read it. With the collection of a face to face survey, some people may feel uneasy viocing their feelings in front of someone they do not know. A questionnaire provides an easy and simply way of obtaining market information first hand from the consumer. However in some situations it may not nesseccerily be the best form of obtaining data. The use of a focus group or smaller more personal interviews could be used in conjunction to this in order to provide a wider knowledge on consumers thoughts as suggested by Webb et al (1966. ) in his Trianulation Model. (Bryman and Bel, 2007:413) Word Count: 3229 Bibliography Arsham, H. (1994) ââ¬ËQuestionnaire Design and Survey Samplingââ¬â¢ [Online] Available at: http://home. ubalt. edu/ntsbarsh/stat-data/surveys. htm#rssm (Accessed: 19th March 2011) Bel, J. (2005) Doing your research project: a guide for first time researchers in education, health and social science. 4th ed. Maidenhead : Open University Press Brown, J. (2009) ââ¬ËHouse of Fraser reports solid xmasââ¬â¢ [Online] Available at: http://www. drapersonline. com/news/house-of-fraser-reports-solid-xmas/1960772. article (Accessed: 23rd March) Bryman Bel, (2007) Business Research Methods. 2nd ed. Oxford: OUP Oxford Easterby ââ¬âSmith et al. (2002) Management Research. 3rd ed. London: Sage Fashion Trak (2010) Kantar published October 2010 Harrison, I. (2009) A-Z Handbook: Accounting. 3rd ed. Oxfordshire: Philip Allan Hunt, N Tyrrell, S. 2004) ââ¬Ë Cluster Samplingââ¬â¢ [Online] Available at: http://www. coventry. ac. uk/ec/~nhunt/meths/cluster. html (Accessed : 19th March) ââ¬ËMens Fashion Lifestylesââ¬â¢ (2009) Mintel Published April 2010 Thomas, R. (2010) ââ¬ËMarks Spencer online sales grow 49%ââ¬â¢ [Online] Available at: http://www. comput erweekly. com/Articles/2010/07/07/241882/Marks-amp-Spencer-online-sales-grow-49. htm (Accessed: 22nd March) Wood, Z. (2007) ââ¬Ë House of Fraserââ¬â¢s Debts Halveââ¬â¢. [Online] Available at: http://www. guardian. co. uk/business/2007/jul/22/retail. theobserver1 (Accessed: 23rd March 2011) http://www. marksandspencer. com/ (2011) Accessed: 19th March 2011 Appendix Appendix 1 ââ¬â Fashion Trak Menswear aged 24-35 |12 m/e Oct 2010 Share | |Next/Dir |9. 6 | |Marks and Spencer |7. 1 | |Debenhams |5. 8 | |Burtons |3. 8 | |Sports Direct |3. 5 | |Primark |3. 4 | |House of Fraser |3. | |Total Asda |2. 9 | |River Island |2. 9 | |Matalan |2. 8 | |TK Maxx |2. 8 | |Tesco |2. 8 | |Topshop/Man |2. 4 | |Sports Direct Group |1. 9 | |JJB Sport |1. | |Total Moss Bros |1. 4 | |Ebay. com |1. 3 | |John Lewis |1. 2 | |HM |1. 2 | |The Gap |1. 2 | Appendix 2 ââ¬â Likert Scale Example I find the clothing in MS suitable for my age range: a) Strongly Agree b) Agree c) Undecided d) Disagree e) Strongly disagree Appendix 4 ââ¬â Questionnaire Prototype A Survey to gather information on the opinions of Males ages 24-35 about Department and General Stores especially House of Fraser, MS and Debenhams 1. Do you fall with in the age bracket 24-35 ? 2. How often do you visit your local high street? ââ¬â Once a month ââ¬â Occasionally on the weekend ââ¬â Every weekend ââ¬â More than once a week 3. Is this usually for shopping purposes? Yes No 4. Using the scale 1-5, 1 being most popular 5 being least, rank these stores in preference for apparel shopping. House of Fraser John Lewis Marks and Spencerââ¬â¢s Debenhams Next 5. For your chosen top retailer from Q4. Why have you chosen this one? 6. Discounting Debenhams and John Lewis, what are your perceptions of the remaining stores? House of Fraser ââ¬â Debenhams ââ¬â Marks and Spencerââ¬â¢s ââ¬â 7. For what product would you go to each store to buy? | |Casual Day Wear |Work Wear I,e Suits |Home wear and lifestyle |Formal Wear |Underwear | |MS | | | | | | |DEBENHAMS | | | | | | |HOUSE OF FRASER | | | | | | How to cite Which Is the Most Successful Fashion Company in the Department, Essay examples
Friday, May 1, 2020
Nursing E Portfolio
Question: Discuss about the Nursing for E Portfolio. Answer: Introduction: I am a nursing student seeking to secure a chance as a nurse in the next future. I have a feeling that the education I have acquired has a great impact on the society when health matters come along. I have been fully equipped to excel in my career as being a new nurse. It is so because a proper fine tuning is a consideration in my skills as a nurse and an additional help in critical thinking has been in employment. Nursing judgment as a tool is impacted in me to be able to face the next future with ultimate zeal to make a healthy society and a healthy nation. As part of my delivering services to the community, clinical collaboration is a lead. In this portfolio, a critical evaluation of my nursing philosophy is to be in the discussion, which is at a close follow up with my goals in the nursing field, it is to be able to judge and deliver high-quality health services to the society. The other important aspect is my nursing career which serves as a lead to the skills and all vital info rmation for my competency in nursing. My Nursing Philosophy Nursing theory is one of the most growing attributions to build a critical element in making an approach to making a professional nurse. (Brevit et.al, 2016). It is as well as trying to make a promotion on the excellent patient care in a resolving attribute of making a real nursing professional. Nursing Meta-Paradigm There is a four-way articulation domain on how the meta-paradigm are in emphasis as a how they are at a view by using the healing belief and knowledge. (Greenway and Johnson, 2016). The four articulate domains are a person, health, nursing and a final environment. Person Patients to my view are as individuals and students too, with that in mind I always strive to have all the encounters of I-thou type of relationships, it is a two-way vie which is at a core and logic foundation of dialogue. (Grossman et.al, 2016). With this type of approach, engagement is in building as with full realizations of mutual awareness. At a different aspect, I also have a view of the students and the patients too as a complex as well as a multifaceted type of individuals who are on a life trajectory where they give input and best shot towards what they are responsible for doing. As a nurse personnel, I have a strong urge to encourage and provide meaningful experiences to all those who will require it to be able to establish a proper authentic network. Health To my understanding, it is an essential tool to have an endeavor to the general communities that I will have the responsibility to deliver my services as one of the best chances to offer my services to as I will work. (Haggerty and Thompson, 2016). My context and devotion are at a direct stagnation on the need for good health to the society and the nation. As a nursing student and practitioner, I am anticipating for a model into a holistic and an apparent adherence to health and healing perspectives to provide the best health services. Environment In a clear rationale about the environment, I have an understanding of the concept of the environment to have a minor division of external and internal environments, all in one component the community that needs y nursing services is a consideration to be my environment. (Learning, 2016). It will come out to have a broader view in addition to the natural surroundings which purposely play a role in the environment. Both conditions will make an effort to create an individual and the population health. I always seek to make an initiation to promote awareness and an exemplary change to the health of all persons. Nursing As a description, nursing is a general study of the human health in accompaniment to the illness processes of an individual. In the need to enable a facilitation of the primary healing strategies, the urge to support families and the society is a nursing relation strategy to ensure all it takes. (Middletown and Llewellyn, 2016). I have an emphasis on the notion that nursing is a practice to have a solution to health problems. My Goals in the Nursing Profession In the nursing field some of the fundamental aspect that form the necessary parts of the goal orientation for my nursing career. (Middletown and Llewellyn, 2016). My nursing goals are in orientation in the nursing practice and the general nursing clinical education to have empirical lead to achieving the goals. My first goal is to make an authentic relation with the patients and other nursing personnel. A personal need to learn as for me it comes from the awareness of myself with the embodiment of incorporated own attribution and values in it. (Brevit et.al, 2016). In a general environment, it is moving towards increasing the culmination of my experience. With such experience, I will be able to deliver health services at a high precision in engagement with reflective practice. My second goal is to appreciate creativity and make possibilities to offer quality health services. As the need arises, aesthetic awareness will have an enabling environment for opportunities. (Norman, 2016). I believe in creativity to be part of delivering unmatched awareness to the health sector. It is with such belief that we can make it a contribution to have a secure line in the nursing and personal life and also educative aspects. As a final goal is to make all the environment, I am called upon to deliver my services as my best environment. As a nurse, the need to work with the marginalized fellows and individual will be my actual need for a prospective goal. (Haggerty and Thompson, 2016). Socio-political knowledge has a helping hand in the recognition as the oppressive structures. Which have a general effect to the fellows who are mainly in marginalization will be in need of my services, thus by reaching them, I will achieve my goals and anticipation in my nursing career and a long wave of success in provision of health services to individuals Nursing Career In my nursing career, I have been able to acquire much knowledge, which has equipped me with vital skills. By having an articulation of my philosophical attributes in nursing, I have been able to become competent and confident in the need to understand the core values of nursing which are inclusive of the meta-paradigm in a close relation to the nursing theories. (Grossman et.al, 2016). The knowledge impacted makes it possible to have renewed affinities in the nursing field and being in possession of vital tools. All through the year, I have gained a sense of passion which is a close attribute of understanding all aspects of nursing at hand. The grand theories of nursing always form a basis for making a presentation of ideas to be able to match and make decisions over all the working tools in healing. (Norman, 2016). I follow all codes of ethical nursing and healthcare as provided by the law; all this is to have a base establishment of a robust foundation and future in the nursing ca reer. References Bevitt, T., Isbel, S. and Bacon, R., 2016. Using an e-portfolio and competency tracking system in occupational therapy education.World Federation of Occupational Therapists Bulletin,72(1), pp.24-27. Colton, S. and Hunt, L., 2016. Developing a smartphone app to support the nursing community: Scott Colton and Louise Hunt explain the rationale behind Preparing for Caring, an app designed to give mentors and nursing staff immediate access to supportive materials.Nursing Management,22(9), pp.24-28. Greenway, K. and Johnson, P., 2016. How to care for a patient after death in thecommunity.Nursing Standard,30(37), pp.34-36. Grossman, S., Kazer, M.W., Moriber, N. and Calderwood, P., 2016. Revising a Doctor of Nursing Practice Program in Response to Student Focus Group Feedback.Journal of Doctoral Nursing Practice,9(1), pp.51-54. Haggerty, C. and Thomson, T., 2016. Incorporating ePortfolio into one undergraduatenursing programme.Charting flexible pathways in open and distance education, p.48. Learning, L.L., 2016. Secrets for a Joyful Life as a Clinical Nurse Specialist.Clinical Nurse Specialist Toolkit: A Guide for the New Clinical Nurse Specialist, p.237. Middleton, L. and Llewellyn, D., 2016. How to submit your revalidation application.Nursing Standard,30(49), pp.40-43. Middleton, L. and Llewellyn, D., 2016. How to engage in a reflective discussion forrevalidation.Nursing Standard,30(47), pp.42-45. Norman, K., Portfolios in the nursing professionUse in assessment and professional development.
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