Thursday, 25 July 2019

Finance Homework Help

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Tuesday, 18 September 2018

AFAS200 Principles of Financial Literacy

Author’s Name : Adam Oliver
Institution’s Nam: Angela S. Ohara


  This entry was posted in TheCasestudySolutions.com/ on by Case Study Assignment Help

 Advices to achieve Financial Goals

The first advice is relating to the case of “Greg”, who is a Junior Actuary with a Boutique Firm. In the future, Greg has two options, one is to join the company as a partner or start their own business. In either options, the earnings of Greg is expected to increase by five times. Due to his socializing and personal relationship, it is advised to Greg to go with the opening of their business instead of becoming a part of the organization at a senior most position. The potential of the income and the recommendation of the risk depends entirely upon the risk profile of the customers. It is found equally in the case of “Greg”. Greg is a risk taker and has the tendency to maximize their wealth by taking timely actions and risk. Hence, the strategy that will be informed to them should be managed in a professional way in particular for their core efficiency and perfection. This particular option would be more efficient and worthwhile for their efficiency and productivity of the individual, and helps them to achieve their long term goals in a more appropriate manner. Greg’s goal is to purchase a house in AUD 1 Million. With the job Greg might not get the desired fund, but business would be a better idea for their investment. Hence, Greg should invest. The investment recommendation has been given by eyeing over the factor of Greg, their personal income and the risk appetite which Greg wanted to achieve in a relative time period. In short, it can be said that the case of Greg would be an ideal one for the Active Investors who are more concerned and connected with the investment return instead of the mitigation of the risk factor. Therefore, it will be an essential aspect in the long run proficiency.

The second advice is relating to the case of “Agnes and James”. They are married and have a secure and happy life with two children. They want to have a certain idea of work-life balance through which they can easily secure their positioning in the market. Both of the individuals think that they can decrease their pay rate from 0.8 FTE to 0.6 FTE, so that maximum benefits and work life balance could have been attaining. The potential of the income and the recommendation of the risk depends entirely upon the risk profile of the customers. It is found equally in the case of “Agnes and James”. Agnes and James are risk averse investors which are not in the favor of taking high risk, because of their low risk tolerance level. Hence, the strategy that will be informed to them should be managed in a professional way in particular for their core efficiency and perfection. Based on the fact that they no other liability, so the option of reducing the pay cycle would be essential for them, and they should continue with the same aspect accordingly. Agnes and James want to finance the education of their children covering a cost of AU$ 100,000. They are getting the desired money with lower burden on their working, hence they should not invest anywhere.The investment recommendation has been given by eyeing over the factor of Agnes and James, their personal income and the risk appetite which they wanted to achieve in a relative time period. In short, it can be said that the case of Agnes and James would be an ideal one for the Passive Investors who are more concerned and connected with the risk mitigation instead of broaden of the return. Therefore, it will be an essential aspect in the long run proficiency.

Since Martha is having a comfortable time, and her children are well-settled, then there is no need of any risky investment. The potential of the income and the recommendation of the risk depends entirely upon the risk profile of the customers. It is found equally in the case of “Martha”. Marthais a risk averse investors which are not in the favor of taking high risk, because of their low risk tolerance level. The investment recommendation has been given by eyeing over the factor of Martha, their personal income and the risk appetite which they wanted to achieve in a relative time period. In short, it can be said that the case of Martha would be an ideal one for the Passive Investors who are more concerned and connected with the risk mitigation instead of broaden of the return. Therefore, it will be an essential aspect in the long run proficiency.The case clearly identifies that the current position of Martha is comfortable due to the amount which she is receiving on her retirement, which is indeed quite a favorable chance and positioning for them in the long run. Hence, she shouldn’t think about the risky investment, and enjoy the retirement life, which is able to finance their travelling to Italy.

Hence, she should not invest in risky investments. Based on the underlying and processed information, it can be said that the risk appetite for Martha is locating on a lower level, because she has nothing to lose from the underlying scenario. She is relying on her retirement income, and she doesn’t want to incorporate anything high in the same argument in particular. Therefore, Martha should not invest in the risky investment so that she can spare their life easily.

Friday, 18 May 2018

Mini Case 1 & 2 Case Study Sample

Author Name: Adam Oliver
Institution Name: Jorge H. Steele

  This entry was posted in Thecasestudysolutions.com on by Case Study Help.

 
Mini Case 1:




Answer-1.5

From the aforementioned computation and clearly analysis, it is found that the answers of CAPM and DVM is different than each other which has based its case study solution help on the main outcome of the of the WACC. The main different is found due to the risk premium factor. The risk premium is added specifically in the context of CAPM, because it undertakes the return on the market, as well as the risk free rate as well, which is not even found in the dividend discount model (DDM). The pertaining advantage of the CAPM is more efficient and worthwhile for the companies as compared to the DDM approach, as DDM approach suppose the past dividend rate in particular. Past dividends don’t have the ability to predict the future return as found in the Efficient Market Hypothesis (EMH). Therefore, this particular outcome would be highly worthwhile and efficient for the researcher to base their research at the same. The rate of return in terms of DDM is little bit higher than the CAPM. The CAPM equation shows a proportion of 9.5%, while it was 10.91% for the DDM, due to the presence of the dividend income in it. The CAPM result found higher than the result extracted through the DDM, because of the inclusion of the risk free rate in it, along with the risk premium factor in particular. This particular outcome would be highly efficient and helpful in the long run sustainability for their proficiency and productivity in the long run.

Answer-2.3

There are two different investment appraisal tools such as Capital Budgeting has been taken into the consideration which are Net Present Value (NPV) and Payback Period (Key and Czaplewski, 2017). From the aforementioned calculation, it is clearly found that the computed NPV is positive and showing a value of $ 147,440.869 on their capital investment. It is showing that the company is able to generate sufficient amount of money on their required capital which will be essential for their efficiency and productivity. It means that the financial benefits of the tool is way higher than that of the current initial outlay of the company. Apart from the NPV, there is another tool which has been taken into the account as well such as payback. The payback period is only 3 years. It means that it has the ability to get the initial outlay in a matter of 4.4 years, which is efficient. Based on the same analysis, it can be said that the project should be accepted as it will yield positive result for them.

Answer-2.4
 
There are two different investment appraisal techniques which have been used in the same analysis, known as NPV and Payback. NPV is an important capital budgeting tool that has the ability to select the project when its future value would be higher than the present value of its initial outlay (Brigham, 2013). It means that the NPV of a project should be in the positive node, if it is likely to select the project accordingly. The same is applicable in this particular aspect as well in which the NPV is showing in the positive and higher node, which is again a positive sign for the company (Choi, 2003). Most of the corporate analysts are likely to consider the same tactic for the project evaluation. On the other hand, Payback is a tool which case study analysis the time period in which the initial investment would have been covered easily by the company (Coombs, 2002). It is also an important tool, and organizations should select the project that have lower payback, like this project which has only a payback period of 4.4 years, which totally rationalize its selection.


References

Brigham, E. F. (2013). Financial Management: Theory & Practice. London: Cengage Learning.

Choi, F. D. (2003). International Finance and Accounting Handbook. Houston: John Wiley & Sons.

Coombs, H. M. (2002). Public Sector Financial Management. Excel Sheet Calculation Solution Case Study Sample Chicago: Cengage Learning EMEA.

Key, T. M., and Czaplewski, A. J. (2017). Upstream social marketing strategy: An integrated marketing communications approach. Business Horizons, 60(3), 325-333.

Kitchen, P. J., and Burgmann, I. (2015). Integrated Financial communication: Making it work at a strategic level. Journal of Business Strategy, 36(4), 34-39.


Tuesday, 17 April 2018

Empowering Lives in Kenya: The Chebaiywa Clinic

 Case Study of Chebaiywa Clinic

 Author Name: Adam Oliver
Institution Name: Jorge H. Steele

  This entry was posted in Thecasestudysolutions.com on by Harvard Case Study Solutions

The Scenario

Kenya, after receiving political independence in the year 1963, Kenya had developed as a peaceful and economically stable state of the Sub-Saharan State. However, the country remained under severe political and economic distress from their independence. In the year 2008, the average per capita income of a Kenyan was US$ 1800 with a very low ranking in terms of Health and Development Index (HDI). The nation has faced a serious problem of unemployment with 40% of the people were unemployed. The main aim of this assignment is relating the identification of the problem relating to Chebaiywa Clinic of Kenya and what is the solution to the same problem for the problems identified case study analysis & Discussion.

The Problem and Solutions for Chebaiywa Clinic

The first problem that highlighted in the context of Chebaiywa Clinic is the inefficient trade-off between the income and consumption of the people. It means that there is a great difference found among the income and consumption. Though the income of the people of Kenya was not very high that leads to minimising the propensity of consumption of their people. This particular problem could have been analysed through the Circular Flow Model (CFM). It is a model that consists of the view that what the consumers are getting in terms of income, and how much they are spending (Selke et al., 2010).

In short, it can be said that economic well-being is a two-way process in which both, the companies as well as the people have to work hard for the purpose of managing the well-being. The trade-off and its management are essential for the economy to grow positively. The problem found very high in the context of Chebaiywa Clinic. Since the citizens of China were having a very low level of per capita income, therefore the rate of consumption in the country is locating on a lower scale tool. Due to this huge gap and inefficient trade-off, there is a wide gap found among the total capacity of the Chebaiywa Clinic and its current utilisation. The diagram is clearly showing the same result. There were four different types of services provided by Chebaiywa Clinic to their end users such as Eye Clinic, Preventive MCH, Immunization and Treatment. The used capacity utilisation is 21% for the Eye Clinic, 23% and 32% for Immunization and Treatment respectively. However, they are only utilizing below than 10% capacity for Preventive MCH. This particular problem can be overcome completely with the help of taking timely actions and measures such as persuading the people towards the treatment. The Government has to take the step in order to overhaul the same issue completely.

Another problem that highlighted in the context of Chebaiywa Clinic which is becoming a major issue for them is the inefficient and insecure supply and demand. According to this particular model, the supply of the product should be in accordance with its demand. The demand for the treatment in Kenya was on a higher scale, but the financial consideration of the individuals was not sufficient enough through which they can manage the same outcome accordingly. This particular gap is increasing the problem for them (Wamai, 2009). The Clinic was running at an annual deficit due to the huge gap charged by the suppliers. It means that the fees charged by the Clinic were only to set to cover the variable costs of the medicine, but it was totally inadequate to cover all the operating expenses of the company (Hannan et al., 2000). This particular issue can also be overcome with the collaboration of clinic and the Government. The Government of Kenya has to provide a high level of stability in the context of the Clinic and should provide some subsidiary to them accordingly, as it is essential for their long-term growth and effectiveness. This is the only thing through which the Government can provide a high level of effectiveness within their operations.

It is a duty of the Government to assess the future needs of the community as it is essential for their long-run growth. Again the demand and supply model can assign the company to visualise their practice and efficiency accordingly. The demand and supply model can help the Government to assess the needs of the people, along with the current resources and requirement they have. This particular aspect also helps the Government to increase the number of Clinics like Chebaiywa Clinic, as it helps the people to get treated in a proficient manner, and in reasonable pricing as well. Hence, this particular aspect would be highly dedicated and important from their standpoint. Though the ethical consideration and ethical based legislations are not very sound in the Kenyan region, still, they can have a very good chance in overcome the ethical constraints and problems with the help of taking timely actions and measures. It can be applied on the same scenario by complying with the international standards and follow the international based Standard Operating Procedures (SOPs).

Every company strives for profit maximisation, but it shouldn’t be the mission every time. The Case Study Help of Chebaiywa Clinic is somewhat different as the clinic is likely to provide ethical soundness in the treatment of the individuals through which they can make Kenyan people highly efficient and secure.


References
Selke, H. M., Kimaiyo, S., Sidle, J. E., Vedanthan, R., Tierney, W. M., Shen, C., ...& Wools-Kaloustian, K. (2010). Task-shifting of antiretroviral delivery from health care workers to persons living with HIV/AIDS: clinical outcomes of a community-based program in Kenya. JAIDS Journal of Acquired Immune Deficiency Syndromes55(4), 483-490.

Wamai, R. G. (2009). The Kenya Health System—Analysis of the situation and enduring challenges. Jmaj52(2), 134-140.

Hannan, T. J., Rotich, J. K., Odero, W. W., Menya, D., Esamai, F., Einterz, R. M., ...& Tierney, W. M. (2000). The Mosoriot medical record system: design and initial implementation of an outpatient electronic record system in rural Kenya. International journal of medical informatics60(1), 21-28.

 

Monday, 2 April 2018

The Art of Standard Wars Article Case Study Sample

Author Name: Adam Oliver
Institution Name: Jorge H. Steele

This entry was posted in Thecasestudysolutions.com on by Case Study Assignment Help

Answer-1

As per the opinion of Ahmadi et al., (2012), strategies are connected with the main outcome for the organisations. It means that if the strategies are proficient and perfect, then the probability of gaining competitive advantage would have been located on a possible node. The entire environment has become highly competitive, but it promotes the concept of industrialisation and globalisation perfectly. Most of the companies throughout the world are focusing on the strategies in order to become edgy over their competitors. It is essential for the organisations to make them up to date in order to sustain in a competitive environment. Proper strategies help an organisation to manoeuvre their actions properly. Before the planning, it is essential for the companies to utilise their resources professionally and makes their capabilities high (Cândido& Santos, 2015).

Apart from devising a strategy, the most important thing that sounds valuable in the same aspect is Strategy Implementation. Strategy implementation is the process exhaust to execute the strategy for the best possible actions of an entity (Gershkov et al., 2013). These strategies enable the organisations to fully utilise their resources and capabilities professionally, as it has a very strong connection with the strategy utilisation and implication. Size and complexity of a business havef a connection with the strategy implications in a positive and productive manner. Håkonsson et al., (2012) is one of those authors who identified the fact that organisations which are larger in size and complexities have to struggle more in an industry to connect with the business. The main aim of this part of the assignment is relating to strategy implementation. It focuses on the Sony Corporation. There is a case study that embedded with the same question which has to be taken into the consideration for the same case study analysis.

Sony is one of the largest Electronic Companies in the world. The company is highly recognised in the entire world to emerge as a major electronicn company. The main focus of Sony was on Television and Cameras. Sony is one of those electronic companies of the world who visualised and implemented the concept of Liquefied Colour Display (LCD) and LEDs. It means that they are trendsetters in the electronic television industry. The case study help of Sony has mentioned a los of ups and downs pertaining to the company that made them think regarding the strategies and implications. The case study of Sony has demonstrated a strong connection between the strategy implications and the strategy of the companies. The case study has clearly revealed that Sony has used a Decentralised Strategy for the purpose of adding competitiveness to their structure. According to the study conducted by Lin & Hsieh (2010), there is two main structure on which the entire working and operations of a company depend upon such as Centralised Structure and Decentralised Structure. Theoretically, the companies in which the management is held responsible for taking all the actions is known as Centralised Structure. It means that the engagement of the employees is not rationalised and required by the management of the companies to devise strategies and take timely actions and decisions. On the contrary, the organisations that require the engagement of their shareholders and employees for the decision making perspective is known as decentralised structure. Sony Corporation has used the Decentralised decision making which became one of the main reasons behind their exceptional growth and proficiency in such a competitive marketplace (Manelli& Vincent, 2010).

The market condition has a strong connection with the strategic implications and its structure, and the same is applied in the context of Sony as well. From the case study of Sony, it is found that Sony Corporation is highly efficient and competitive as far as utilising its resources and capabilities is concerned. The case also found that the strategies of Sony subject to the market condition, which has been generated for them. Sony found a great revolution in their products and its marketing case study help activities. They emerged as a major innovator of the products. Sony has divided into different Strategic Business Units (SBUs), and each of the SBU is obliged to take their decisions on their own(Manelli& Vincent, 2010). This particular strategy helped Sony to devise and implement the strategy in accordance with the given situation and condition of the market. Sony has empowered their employees to bring high competitiveness and innovation in their products. The company divided their Engineers into a different position and required them to outperform the market. Apart from bringing high-class rewards for their employees, the company have announced exceptional growth opportunities for them that persuaded them to give their maximum efforts. The strategy helped them to increase their innovation skills positively in the long run(Manelli& Vincent, 2010).

Before the changing of the market condition, the strategy of engaging the SBUs in the decision making and innovation process were perfect, but after the increment in the competition mainly in the iPod and TiVo digital devices, Sony has suffered a lot. Especially in the market of the United States and the United Kingdom, Sony has started to lose its market share. Apart from these products, the digital video recorders are one of the products whose production and marketing have increased heavily in parallel to the products of Sony. All of these products needed to be integrated with the hardware, software and other online services. Unfortunately, Sony worked totally against the same. The aspect had hit the company adversely because they were totally reluctant behind the utilisation and execution of the same changes. The entire management of Sony wasvery concerned with the same situation. However, they had an idea that they have the guts and tactics in their hands which allowed them to become competitive in the market. Sony had taken this opportunity as granted for their productivity in the long run that allowed them to become competitive in the market(Manelli& Vincent, 2010).

Sony is one of those organisations that has the ability and tendency to transform their strategies in accordance with the market condition. As mentioned and revealed from the case that Sony was a trendsetter and they segregate their entire firm into different units, showed SBUs. In order to comply with the market condition and industry requirement, Sony had used an SBU multidivisional structure. Through the utilisation of this model, the company had given the complete rights to their engineers to recommend the companies about the innovation and the strategies through which they can easily overcome on the incremental competition. Apple Computer Company had emerged as the largest competitor for Sony in the digital devices, especially in the Walkman.

The strategy of empowering their engineers’ have made the company highly efficient and proactive in the long run. The engineers that hired by Sony were highly qualified and experience that allowed them to integrate each of their hardware, software and other major elements together for the purpose of bringing a high level of innovation(Manelli& Vincent, 2010). With the innovation and technological development, the company had managed to overcome the products such as iPod and iTunes that allowed them to ascertain their growth in the market. The case revealed that Sony not only received tactful information about the products which have been manufactured and launched by the organisations which were operating in the same domain. The engineers had managed to empower their skills and maximise the potential of the company with the manufacturing and launching of the innovative products. Sony also realised the fact that the quality always matters to them, as the company was well recognized within the eyes of their end users that allowed them to visualise their growth exceptionally. The secret behind the exponential growth of the company is relating to their engineers who worked exceptionally well under their individual jurisdictions to maintain their effectiveness in the market.

The condition of market deems highly efficient and valuable for the sake of an organisation to devise strategies for their long-run attentiveness in the market. It is mandatory for a company to come up with the strategies which are efficient for them (Naidoo & Wu, 2011). However, they have to analyse the corporate environment accordingly in order to consider the right strategy at the right time. The case study help is relating to Sony, which has a great accolade to transform their corporate strategies in accordance with the requirement of the market. Sony has initiated corporate restructuring in their entire process after realising the competition problem(Naidoo & Wu, 2011). It means that the company had taken the strategy in accordance with the requirement of the market and maintain their structure accordingly. Sony had managed to become one of the top-notch companies in the Electronics Industry again. In short, it can be said that corporate strategies are essential for an organisation, and corporations have to analyse their structure before considering and implicating the strategies that can maintain their attentiveness. It allows other companies as well likewise Sony to think strategically and plan their outcome before its execution.

Answer-2

Technology and industrialisation have a strong linkage with each other. It means none of them could be completed without the absence of one. Organisations throughout the world are now focusing to maximise their potential accordingly through the effervescent utilisation of their resources(Naidoo & Wu, 2011). Resources for an organisation can be divided into two main parts such as Human Resources and Financial Resources. Theoretically, the resources that exhaust by the company for the purpose of managing their employees and take the most out of their work is known as Human Resources. On the other hand, the resources which are directly linking with the financial capability and maximisation of a company has been referred as Financial Resources. Companies have to utilise both of these resources perfectly in order to compete in the competitive environment. The utilisation of the resources has changed completely and dramatically due to the implications of technology, and the same has undermined in the article suggested for the reading (Ogbeide& Harrington, 2011).

The article with the name of “The art of Standard Wars” has been written by Sharpiro and Varian has articulated that technology has become an integral part of the companies to make and execute the strategies. In fact, proper utilisation of the technology has made organisations highly efficient and competitive in the long run. Sharpiro and Varian have stated in their article that “Technology is the mere focus of the Standard Wars, but the winner is most likely the one who has a better strategy than the others”. The main focus of this part of the assignment is to critically evaluate this statement in the context of the given article to make it more efficient and secure(Ogbeide& Harrington, 2011).

 According to the study conducted by O'Reilly et al., (2010), technology is an important and integral part of an organisation. It means that none of the organisation can sustain their economic and strategic position in the market without proper utilisation of technology. The efficient and powerful the technology, the higher will be the chance for a company to maintain their line of effectiveness. Proper utilisation of technology has a great ability to reduce the operational cost of the companies. The examples of multinational companies are ahead of the same statement, such as Toyota, Ford and others. These companies are using robotics and machines to manufacture the cars. Ford Motors Company (FMC) has the accolade to manufacture a car in a matter of 2 to 5 minutes which is incredible (Salih, 2012). It means that technology has brought some serious revolution in the industry. Apart from making the companies profitable, technology has made the companies highly efficient. Efficiency means that they are able to perform the work in a matter of no time. This particular idea was backed completely by Salih, (2012), as according to them increasing efficiency means to conduct the work in a small period of time. It not only reduces the burdensome from the employees but also enables them to work in accordance with the requirements of the industry. Through technology, organisations have enabled them to work meticulously and worked sensationally for ages. The same study has accepted the hypothesis relating to technology and productivity. The author has found a strong and direct relationship between technology and productivity of the company. The study has been conducted on five big automobile companies. Based on the main hypothesis testing it can be said that the higher the technology or technological efficiency, the higher will be the productivity of a company. Most of the companies across the globe are operating on the same principle of utilising the technology properly.

 Technology has a relationship with strategic well-being. It means that the efficient the technology, the higher will be the chance to make effective strategies for the company in the long run (Slater, Olson &Hult, 2010). Nevertheless, when compared technology with the strategies for the competitive wars of a company, then strategy always win for the companies, especially in the long run. Sharpiro and Varian clearly mentioned about the competitive strategies which organisations pursue the purpose of their long-term management and perfection. Sharpiro and Varian clearly stated the statement that when the wars among the companies are initiated, especially in a strategic environment, then the companies with superior and strong strategies are prone to win the contest.

 The argument raised by Sharpiro and Varian in the article relating to the strategies and the strategic outlook is absolutely right. Strategies are situated at the heart of an organisation, and they should focus on the strategies in order to sustain its economic and strategic positioning in the market. In a battle of competition, companies that have a better strategy for dominating the market always win, as compared to the companies with a better technology (Manelli& Vincent, 2010). One of the main examples that may back the same statement is the comparison among the Smartphones of Apple INC and Samsung. Samsung Electronics is larger in size compared to Apple INC, in fact, they are way higher than Apple INC in terms of technology. But, still the rope of innovation and perfection in the Smartphone is in the hands of Apple INC instead of Samsung. Apple INC is the pioneer of the Smartphone. They are one who invented and visualised the concept of the Smartphone which has blazed in the entire world amazingly.

The article of Sharpiro and Varian has used a term “Trend-Setter” so many times in the article. Trend-Setters have been referred tothe individual or the companies who set the trends for the consumers. The example of Apple INC is quite suitable in the same application, as they set the trend of Smartphone and its usage in the market. Based on the same statement, it can be said that the graph of strategies is higher than that of technology(Manelli& Vincent, 2010). Enron one of the top-notch energy companies of the world with the most advanced and latest equipment failed to sustain their position in the market because of mal-practising and ineffective strategies. Nonetheless, organisations should think strategically while using the strategies for their operations. Strategies of the organisations should be competitive and in accordance with the requirement of the company. Sharpiro and Varian emphasized more on the strategies than technology. As per their working and outcome, strategies are device and execute by a company after looking over the requirements of their end users. Therefore, proper strategy and its execution are more than essential than the advancement of the technology.

As per the study conducted by Naidoo & Wu (2011), strategies usually taken on the basis of the main line of operations of a company. It means that organisations take different things and provisions into their consideration while considering and implementing the strategies for their betterment. One of the main strategies that considered by the organisations is Product/Service Strategy. This particular strategy tries to bring effectiveness to the operations of a company. The product/service strategy of a company should be connecting with their competitors. The strategy should be focused on the main product/service of the company. Apart from the product, the most important strategy that undertakes by the organisations is Pricing Strategy (Lin & Hsieh, 2010). It is obligatory for the organisations to make their product completely affordable for their end users, as it is the only thing through which they can become one step closer to their end users. Sharpiro and Varian also emphasized the pricing strategy and referred this strategy as a major competitive strategy that visualises on the productivity of the company, especially in the long run. Another study on which the article assimilated by Sharpiro and Varian focused is Place Strategy. This particular strategy is the main one to make the products easily available to the end users. Finally, there is a promotional strategy that focuses on different marketing tactics and channels that available to accompany to increase their efficiency in the market(Lin & Hsieh, 2010). This is something where the organisations need technology. It means that with the focus on the technology, organisations can devise strategies that can help them to be utterly competitive.

As a conclusion of this part, it can be said that both, technology and strategies are essential for an organisation to operate and sustain in this competitive environment. However, at the end, the organisations with a better operational strategy and thinking capability takes an edge over the one with a better technology. But, it doesn’t mean that technology is useless, as without technology it is impossible to execute any technology properly. In short, it can be said that organisations should focus on the betterment of their strategies, as it will be more efficient and worthwhile for them, but they should use the latest technology for the same outcome, in order to make their strategies more competitive and impeccable, as demonstrated and mentioned by Sharpiro and Varian in their article about the competitive wars and strategies.

References

Ahmadi, S. A. A., Salamzadeh, Y., Daraei, M., & Akbari, J. (2012). Relationship between organizational culture and strategy implementation: typologies and dimensions. Global Business and Management Research, 4(3/4), 286.

Cândido, C. J., & Santos, S. P. (2015). Strategy implementation: What is the failure rate?. Journal of Management & Organization, 21(2), 237-262.

Gershkov, A., Goeree, J. K., Kushnir, A., Moldovanu, B., & Shi, X. (2013). On the equivalence of Bayesian and dominant strategy implementation. Econometrica, 81(1), 197-220.

Håkonsson, D. D., Burton, R. M., Obel, B., &Lauridsen, J. T. (2012). Strategy implementation requires the right executive style: Evidence from Danish SMEs. Long range planning, 45(2), 182-208.

Lin, S. L., & Hsieh, A. T. (2010). International strategy implementation: Roles of subsidiaries, operational capabilities, and procedural justice. Journal of Business Research, 63(1), 52-59.

Manelli, A. M., & Vincent, D. R. (2010). Bayesian and Dominant‐Strategy Implementation in the Independent Private‐Values Model. Econometrica, 78(6), 1905-1938.

Naidoo, V., & Wu, T. (2011). Marketing strategy implementation in higher education: A mixed approach for model development and testing. Journal of marketing management, 27(11-12), 1117-1141.

Ogbeide, G. C. A., & Harrington, R. J. (2011). The relationship among participative management style, strategy implementation success, and financial performance in the foodservice industry. International Journal of Contemporary Hospitality Management, 23(6), 719-738.

O'Reilly, C. A., Caldwell, D. F., Chatman, J. A., Lapiz, M., & Self, W. (2010). How leadership matters: The effects of leaders' alignment on strategy implementation. The Leadership Quarterly, 21(1), 104-113.
Salih, A. A. (2012). A middle management perspective on strategy implementation (Doctoral dissertation, Walden University).

Slater, S. F., Olson, E. M., &Hult, G. T. M. (2010). Worried about strategy implementation? Don’t overlook marketing's role. Business Horizons, 53(5), 469-479.

Thursday, 8 March 2018

Human Resources Management Case Study

Author Name: Adam Oliver 
Institution Name: Jorge H. Steele

This entry was posted in Thecasestudysolutions.com on by Case Study Help

 Introduction

Employees are the backbone of an organization. It means that their involvement is more than essential for the sake of an organization, as their involvement makes it possible for the companies to attain their financial and non-financial objectives. The importance of employee’s management and the management of their productivity has increased tremendously well from past few years due to its connection with the long run efficiency of the company. It is essential for the companies to manage the well-being of their employees and develop certain opportunities for them that can uplift their morale and satisfaction level (Aguinis, Joo and Gottfredson, 2011). The subject of Human Resources Management (HRM) is of great importance for the companies throughout the world, as it helps them to direct the performance of their employees accordingly, and assist them in satisfying their needs. According to Buckingham and Goodall, (2015), satisfied employees are more efficient and productive than unsatisfied employees. There are numerous notions that enlists in the factor of satisfaction and non-satisfaction of the employees. Rewards are known as the most important notion that has a strong and direct connection with the satisfaction level of the employees. Performance Management (PM) is an important factor that comes under the list of Rewards and its management (Carter et al., 2011). Theoretically, PM is all about managing the performance of the employees and direct it according to the requirement of the company. PM also enables an organization to satisfy the needs of their employees and maximize their devotion and loyalty level as well. The main aim of this assignment is relating to PM as well. There is a case has been given of “Gap” that needed to be analysed and incorporated in the case study analysis. The assignment apparently divided into three main headings which are introduction, Analysis & Discussion and Conclusion. However, the relating answers of the case will be discussed under the Analysis & Discussion Heading.

Analysis & Discussion
Identification and Analysis of the Problem

According to de Leeuwenhoek and van den Berg, (2011), the main goal of every organization is divided into two different forms. Firstly, it is more towards the achievement of the financial target. Secondly, it is more connected with complying with the strategic objectives. It is essential for the companies to take timely actions into the consideration through which they can easily sustain their position in the market. Gap INC is one of the largest Clothing Brands with its active hub in the region of the United States. The company has envisaged a real downturn in their productivity due to the non-satisfaction factor in their employees. The case study assignment of Gap INC has identified numerous issues that needed to be analyses closely in order to allude something positive to the company to overcome the same problem.

One of the most critical problems that highlighted in the mba case study  is the non-practicality of the Performance Management System. The performance management system that incorporated by Gap INC was the traditional one, which are currently using by most of the organizations of the world such as Rating system (Forrester, 2011). It means that the managers are the one who give a thorough understanding about the skills and other major factors pertaining to an employee. Performance management system that requires the response of the managers has been referred as Annual Performance Review (APR), in which the supervisor ranks the employees of the company based on their performance and their contribution. Apart from the per year appraisal, the insinuations of the managers are also essential to quality the employees for the bonuses. Gap INC has separated the bonuses for the employees, and it based specifically on the performance and contribution of the employees in achieving the main target of the company.

The second problem that identified in the context of Gap INC is the restriction of the appraisal towards the performance only. The current rating system used in Gap INC is restricted to analyse the factor of qualification of the employees of the company towards the appraisal or financial effectiveness. However, it is not the case always. Gap INC is a world class clothing brand that always needs creativity, cutting edge technology and innovation in their product, because they are well-aware with the fact that the competition in the industry is increase that can be released only if they can overcome on the increasing competition (Gruman and Saks, 2011). The problem of increasing competition could be overcome easily with the help of this method. Due to the severity of this problem, the issue of effectiveness and innovation are likely to be removed completely from the employees. Employees as well as managers of Gap INC were emphasizing more on the increasing productivity of the company, instead of increasing the innovation and creativity of the employees, which is more suitable and indispensable for the company in particular.

The third, but the most critical issue that found in the current performance management system in Gap INC is the non-engagement of the employees in the same scenario. It means that the employees of the company are not being asked about the performance management system and the feedback on the same (Moynihan and Pandey, 2010). It means that the factor of Management Bi Objectives (MBO) and communication is still missing from the context of Gap INC. It is an obvious fact that managers are not the one who have the complete idea and the issues pertaining to the problems of the employees, and their ratings are more based on the increasing productivity, as compared to increasing contribution and increasing effectiveness and innovation.

Alternative Strategies

This particular part of the assignment is likely to identify the alternative strategies that could be used by Gap INC to overcome the aforementioned problems.

•    Quarterly Performance Management
•    Performance related pay
•    Management Bi objectives
•    Hot Desking and innovation

These are four alternative strategies that should have been adopted by Gap INC to overcome on the major issue. The manager of the company has introduced a new system with the name of Grow-Perform-Succeed (GPS), but the system was not active and efficient as it should be. However, they have the chance to consider the aforementioned strategies to overcome the problem which was highlighted before.

Critical Evaluation of the Alternative Strategies

There are four different strategies which have been highlighted in the above mentioned discussion. Each of the strategy has its pros and cons that needed to be highlight and evaluated in this particular framework.

Quarterly Performance Management

As per this alternative performance management strategy, the managers should analyses the performance on the quarterly basis as compared to the annual basis. There are numerous companies which are currently using the same aspect, and the chance of using the same is bright for Gap INC as well. It is material for the organizations to timely evaluate the performance of their employees. Hence, instead of waiting for a long span of time such as a year, it is better to visualize the performance of the employees on the basis of the quarterly basis. According to Petrucci, Loques and Mossé, (2010), the biggest benefits of this particular strategy is having a closer look over the performance of the employees, along with having a clear eye over the contribution which they are bringing towards the company. Quarterly performance management would be more efficient and proactive for the companies to improve the performance of the employees, and make then one step ahead towards achievement of the organisational goals. This particular statement completely backed by Pollitt, (2013) from their study, as according to them the higher the improvement in the working of the employees, the higher will the chance for the companies to attain their productivity and goals. However, the major issue which highlights in the context of this particular alternative strategy is time consumption, as analysing the performance like this regularly will cost the company more, and spent a lot of time over the performance measurement and performance appraisal.

Performance Related Pay (PRP)

There is yet another option that exhausts by the organizations for the purpose of managing their employees and their sheer performance. It is referred as Performance Related Pay (PRP). It is a strategy in which the pay of the employee has been designed, derived and designated as per the performance of the employees (Walker, Damanpour and Devece, 2010). It means that the efficient the performance of the employees, the higher will be the pay of the individual. In other words, the individuals can rationalise the pay only, if they are complying with efficient performance and productivity. The main advantage associated with PRP has been designed and presented by Selden and Sowa(2011), as according to them PRP is efficient to enhance the performance and productivity of the employees. When they aware with the fact that their salary and bonuses will be rationalise only with their performance, then they are more likely to strengthen their performance accordingly. On the other hand, Pollitt,(2013) put a disadvantage pertaining to the same strategy, as according to them PRP will devastate the quality of the work from the employees, as employees are more likely to put efforts on their productivity and achieving targets without having quality in their work. This particular strategy would be suitable for the companies which have target based orientation. Hence, this particular outcome might not be efficient for the Gap INC.

Management Bi Objectives (MBO)

Another major performance management tool which is currently in use by most of the companies is Management bi Objectives (MBOs). MBO is a new technique that exhausts by most of the management of the companies, as this particular strategy has a great tendency to increase the communication level among the employees(Walker, Damanpour and Devece, 2010). The technique of MBO gives complete opportunity to the employees of the company to communicate easily with the management of the company. The barriers in the communication does not exist in the same factor. Based on the same outcome, it is found that the management of Gap INC should ask their employees about the same factor, and ask their personal opinion about the performance management system, and its obligations. According to Petrucci, Loques and Mossé,(2010), MBO is relatively a new technique that associated with the positioning of the companies that maximize the potential of the company accordingly. This particular strategy has an advantage of increasing communication and decreasing the factor of conflict among the management and employees that ultimately brings a lot of financial outcomes for the company. Another benefit presented by Pollitt, (2013) is that the strategy will increase the satisfaction level among the employees proactively, and helps the company to uplift its financial and strategic position accordingly. On the other hand, losing of control from the managerial activity for the managers is one of the major cons of this particular strategy.

Hot Desking and Innovation

There is another major factor that has consider by the companies for the purpose of managing their employees in an appropriate manner. Hot desking provides an option to the companies through which they can easily manage their employees proactively and efficiently as well. This particular factor is proactive in the long run as it assess the factor of management of the employees. This particular tool allows the employees of the company to choose their place to work which is comfortable for them. The only thing that requires by the organizations under such evaluation and circumstances is the world without any influence (Moynihan and Pandey, 2010). They require their employees to work with their convenience and ease, and contribute on the productivity of the companies particularly, as it allows them to maintain their valuation in the long run. This particular tool is currently using by most of the organisations of the world to maintain their attentiveness in the market. Even the big companies throughout the world are now using the same technique for the sheer purpose of satisfying their employees. There are two different methods that could be used for the purpose of satisfying the employees (Forrester 2011). The first method is the extrinsic rewarding in which the compensation, perks and benefits are likely to ascertain in the same factor, while on the other hand, intrinsic rewards are more connected with appreciation and feedbacks. Therefore, both of these things are essential for their productivity and efficiency in the long run. Based on its benefits and effectiveness, it is suggested to Gap INC to use the same method for their productivity.

Recommendation and Implementation Plan

The strategy which Gap INC has to undertake out of these four factors is Management Bi Objectives. As mentioned earlier that it is relatively a new technique which are currently in used by the organisations for the purpose of increasing the level of confidence and satisfaction among the employees in the long run. The main rationale behind identifying this this particular recommendations for the end user is due to the current line of issues with Gap INC. The problems that highlighted earlier could be overcome easily and completely through the help of communication. Communication is a key of success that allows the employees and the management to interact with each other. The higher the interaction the higher will be the innovation. Gap INC is currently looking forward to increase the level of innovation, as without this particular aspect, it is not possible for them to maintain their valuation and productivity in the market. The employees of Gap INC are efficient, but they needs more accuracy and effectiveness, because it help them to secure their positioning in the market. The level of competition in the cloth retailing is increasing day by day, and it can be overcome easily with the help of taking timely actions and measures. Apart from recommending, the next important point which is applicable in the same context is implementation plan. It is significant for Gap INC to engage their managerial position employees in the same implication. For example, in order to train and deploy the employees, it is material for the company to ask their Human Resources (HR) manager to put their reference in the same capacity and ask the problem which the employees are facing while working with the company. The implementation plan also requires a specific time in which the company will become able to demonstrate and rationalise the entire change at the right time, as it will enable them to discuss everything in details and in effectiveness. In short, the entire implication will help Gap INC to interact with each other, and also helps them to secure a strong position in the market, especially in the long run. This particular implication will help Gap INC to manage and maintain their Performance Management factor accordingly.

Conclusion

The main aim of this assignment is relating to PM as well. There is a case has been given of “Gap” that needed to be analyses and incorporated in the analysis. From this entire analysis, it is found that the positioning of Gap INC has received some serious jolts that needed to be completed and managed accordingly. From this entire analysis, it is found that the company has to consider the same factor accordingly, as it will help them to further their PM system professionally, especially in the long run.

References

Aguinis, H., Joo, H. and Gottfredson, R.K., 2011. Why we hate performance management—And why we should love it. Business Horizons, 54(6), pp.503-507.

Buckingham, M. and Goodall, A., 2015. Reinventing performance management. Harvard Business Review, 93(4), pp.40-50.

Carter, B., Danford, A., Howcroft, D., Richardson, H., Smith, A. and Taylor, P., 2011. ‘All they lack is a chain’: lean and the new performance management in the British civil service. New Technology, Work and Employment, 26(2), pp.83-97.

de Leeuw, S. and van den Berg, J.P., 2011. Improving operational performance by influencing shop floor behavior via performance management practices. Journal of Operations Management, 29(3), pp.224-235.

Forrester, G., 2011. Performance management in education: milestone or millstone?. Management in Education, 25(1), pp.5-9.

Gruman, J.A. and Saks, A.M., 2011. Performance management and employee engagement. Human Resource Management Review, 21(2), pp.123-136.

Moynihan, D.P. and Pandey, S.K., 2010. The big question for performance management: Why do managers use performance information?. Journal of public administration research and theory, 20(4), pp.849-866.

Petrucci, V., Loques, O. and Mossé, D., 2010, April. A dynamic optimization model for power and performance management of virtualized clusters. In Proceedings of the 1st International Conference on Energy-Efficient Computing and Networking (pp. 225-233). ACM.

Pollitt, C., 2013. The logics of performance management. Evaluation, 19(4), pp.346-363.
Rausch, P., Sheta, A.F. and Ayesh, A. eds., 2013. Business intelligence and performance management: theory, systems and industrial applications. Springer Science & Business Media.

Selden, S. and Sowa, J.E., 2011. Performance management and appraisal in human service organizations: Management and staff perspectives. Public Personnel Management, 40(3), pp.251-264.

Walker, R.M., Damanpour, F. and Devece, C.A., 2010. Management innovation and organizational performance: The mediating effect of performance management. Journal of Public Administration Research and Theory, 21(2), pp.367-386.

Saturday, 10 February 2018

The Philips Group 1987

Author Name: Adam Oliver
Institution Name: Jorge H. Steele

This entry was posted in Thecasestudysolutions.com on by Case Study Assignment Help

Answer-1

Philips is an American based multinational company which has its active roots in different parts of the world (Hayes, 2014). From the case study, it is found that Philips has undergone with numerous challenges and changes throughout their corporate history. However, the workings of their major employees were remarkable, such as Dekker and Van during the period of 1970 to 1987. From the case study analysis, it is clearly found that Dekker and Van emphasized on two main things that needed to be change in the context of Philips in order to achieve the target which they are intended to achieve.

The first change which Dekker and Van has introduced is to adopt a Japanese culture within the organization. By adopting the Japanese culture, they will become able to design the product from their respective country, and sell the products into different markets by acquiring some distribution companies. Most of the Japanese products are now using the same tactic such as Toyota, in which the manufacturing of the cars are solely based in Japan, but they send the cars in different parts of the world. The change management strategy could be highly essential for Philips, as they were previously experiencing lots of issues and problems pertaining to their higher operational cost.

The second change which has been introduced by Dekker and Van is relating to increase the interaction and communication among the management and the employees, especially with the Business Units. Previously, the Strategic Business Units (SBUs) in the company looked totally to outperform each other’s performance, which was not efficient. The company needed such strategy that can help their departments to interact with each other and maximize the level of innovation within the company.

Answer-2

This particular question is likely to get the answer regarding the substantial changes which these changes are likely to form with the company. It is required to list down the downsides of the change. There are two different strategies which have been proposed by Dekker and Van.

The first strategy was to adopt the Japanese strategy and culture in which the products will be developed from the home and then market to the relevant countries. There are certain drawbacks which are currently associated with the same strategy. Firstly, the strategy doesn’t know about the propensity of consumption in the respective market, along with the pros and cons of the market in which they are about to deliver their products. Another major downside of the same task is relating to unfamiliarity with the competition in the market that may increase the cost of the company. The second strategy is about increasing communication and interaction among the SBUs. The main problem that associated with this particular aspect is relating to decision making, as distraction may found while taking decisions by the management and the managers of the SBUs.

On the contrary, the amounts of benefits associated with these changes are essential, as it enables the company to reduce their operational costs that include the manufacturing and marketing cost as well. It also enables the company to launch the products in the respective market according to its requirement. The relevant amount of cost relating to the product would be decreased accordingly. Moreover, this particular strategy allows the SBUs to interact with each other, which is radically important for a company to achieve long run success and effectiveness. The higher the communication, the higher will be the chance that an organization can attain long run objectives, and the same is found in the same context.

Answer-3

The last question is relating to recommending to Philips regarding the acceptance or rejection of the strategies. The preceding section of the report has identified that the number of benefits associated with the number of issues is higher for Philips. In short, this particular strategy will allow Philips to make its position firm. Every company strives hard for the economic prosperity. The objectives of a company is divided into two main factors, which are financial factors and strategic factors (Hayes, 2014). Therefore, they have to achieve the same outcome by mentioning the same aspect. Hence, it can be said that Philips has to accept the strategies which have been eluded by Dekker and Van, as it will help them to achieve their financial and strategic targets accordingly. Apart from managing the operational cost, these strategies are also helpful for the company to strengthen their marketplace even in the international markets as well with prosperity and effectiveness.

References

Hayes, J., 2014. The theory and practice of change management. Palgrave Macmillan.

Tuesday, 9 January 2018

Strategic Recommendations Case Study Sample

Author Name: Adam Oliver
Institution Name: Jorge H. Steele

This entry was posted in Thecasestudysolutions.com on by Case Study Assignment Help

. 10

Executive Summary

The analysis has revealed something about different types of cost strategies that can be used by TTC. From this entire analysis and discussion, it is clearly found that the position of the company is highly efficient and polarized, and they are managing the things with perfection. It is also found that there are certain strategies that might not be efficient for the company, however, certain recommendations have been posted to overcome on the challenges.
 

Scope

Organization is a place wherein people belong to different demographics and mind-set work together for the achievement of a single goal that was communicated to them. There is hundreds of employees work in an organization. Organizations have ben categorized according to their size, usage and capabilities. There are two main forms of organizations, such as Private Organization and Public Listed Organizations. Both of these types of highly tactful and material from the viewpoint of a company (Aladwani 2001). This particular assignment is very broad in nature, as it requires to analyze the cost management strategies of  Treasury Trophy Company (TTC), through which different perspective. The analysis has revealed something about different types of cost strategies that can be used by TTC. However, they have to select only a single one for their productivity. Some of the major pricing strategies that discuss in the same aspect are as follows.
 

Penetration Cost Strategy


The first cost management strategy which is likely to identify and discuss here is Penetration Cost Strategy. It is one of the most integral and widely uses Costing Strategies in the Context of the TTC. Penetration Cost Strategy is a type of Strategy in which the organizations are entitled and obliged to charge the minimum price of their products from their customers. In other words the cost incurred by the company on the managerial activity of the product is located on a lower scale that allows them to minimize their ending price accordingly (Foils man et al. 2001). This particular strategy is highly efficient for the TTCs, and sometimes suits them. It basically found very interactive for the TTCs which are entering in a new region, and number of companies is already operating there. Most of the companies throughout the world are now focusing over the same factor to apply this particular cost strategy for their betterment and development. Management of a company used this particular strategy because they are well-aware about the internal control and management of the company through which they can maximize their core potential in the market. Proper research is required prior than the implication and execution of this particular strategy on the context of a company, which is highly essential for the company to maintain their core attentiveness in the market. In short, this particular cost-pricing strategy is essential, which can work extremely well in the context of TTCs in all over the world, and its importance cannot be overlooked.

Cost-Plus Strategy

The 2nd cost management strategy which is likely to identify and discuss here is Cost-Plus Strategy. It is one of the most integral and widely uses Costing Strategies in the Context of the TTCs. Cost-Plus Strategy is a type of Strategy in which the organizations are entitled and obliged to charge the price which are marginally higher than their original cost from their customers. In other words the cost incurred by the company on the managerial activity of the product is located on a lower scale that allows them to add marginal profit over its cost (Fen wick et al. 2006). This particular strategy is highly efficient for the TTCs, and sometimes suits them. It basically found very interactive for the TTCs which are entering in a new region, and number of companies is already operating there. Most of the companies throughout the world are now focusing over the same factor to apply this particular cost strategy for their betterment and development. Management of a company used this particular strategy because they are well-aware about the internal control and management of the company through which they can maximize their core potential in the market. Proper research is required prior than the implication and execution of this particular strategy on the context of a company, which is highly essential for the company to maintain their core attentiveness in the market. In short, this particular cost-pricing strategy is essential, which can work extremely well in the context of TTCs in all over the world, and its importance cannot be overlooked.
 

Competitive Cost Strategy

The 3rd cost management strategy which is likely to identify and discuss here is Competitive Cost Strategy. It is one of the most integral and widely uses Costing Strategies in the Context of the TTCs. Competitive Cost Strategy enables an organization to search for the costs which are highly similar to the one like the competitors of the company. It means organizations are likely to charge the same price which have been charging by their competitors or peers (Gould et al. 2006). This particular strategy is highly efficient for the TTCs, and sometimes suits them. It basically found very interactive for the TTCs which are operating in a complex and very competitive environment. Most of the companies throughout the world are now focusing over the same factor to apply this particular cost strategy for their betterment and development due to increasing competition and globalization. Management of a company used this particular strategy because they are well-aware about the internal control and external competition related to the company through which they can maximize their core potential in the market (Noe et al. 2006). Proper research is required prior than the implication and execution of this particular strategy on the context of a company, which is highly essential for the company to maintain their core attentiveness in the market. In short, this particular cost-pricing strategy is essential, which can work extremely well in the context of TTCs in all over the world, and its importance cannot be overlooked.
 

Premium Cost Strategy


The 4th cost management strategy which is likely to identify and discuss here is Premium Cost Strategy. It is one of the most integral and widely uses Costing Strategies in the Context of the TTCs. Premium Cost Strategy enables an organization to apply high amount of cost over their products or services, and then sell-out the same in the maximum price (Rimbaud et al. 2001). It means organizations are likely to charge higher price than the price charged by their competitors. This particular strategy is highly efficient for the TTCs, and sometimes suits them, but it is valuable for those TTCs who are operating in a Monopoly. It basically found very interactive for the TTCs which are operating in a complex and very competitive environment. Most of the companies throughout the world are now focusing over the same factor to apply this particular cost strategy for their betterment and development due to increasing competition and globalization. Management of a company used this particular strategy because they are well-aware about the internal control and market related to the company through which they can maximize their core potential in the market. Proper research is required prior than the implication and execution of this particular strategy on the context of a company, which is highly essential for the company to maintain their core attentiveness in the market. In short, this particular cost-pricing strategy is essential, which can work extremely well in the context of TTCs in all over the world, and its importance cannot be overlooked.
 

Findings

There are two different products which have been analyzed and discussed in this particular aspect which are Royal Golf Club and Sterling Yacht Club. However, Full and absorption costing will be based in the Royal Club (Freeman 2010).

The first costing measure is related to the Royal Club (Full Costing) Function. The Royal Club Costing is divided into three main elements which are Forming, Finishing and Assembly. The costing of all of these elements will include the three elements which have been discussed here.     The total material cost in this particular aspect is $ 301, while the total labor and overhead cost are $ 630 and 1443.4$. The total cost of Royal Club according to the Full cost functioning is amounted to $ 2,374.40, which is quite high, and the company has to work hard to overcome on the same.

The 2ndcosting measure is related to the Sterling Yacht Club (Full Costing) Function. The Sterling Yacht Club Costing is divided into three main elements which are Forming, Finishing and Assembly. The costing of all of these elements will include the three elements which have been discussed here. The total material cost in this particular aspect is $ 65, while the total labor and overhead cost are $ 707 and 1663.4$ respectively. The total cost of Sterling Yacht Club according to the Full cost functioning is amounted to $ 3,035.06, which is quite high, and the company has to work hard to overcome on the same.

The 3rdcosting measure is related to the Royal Golf Club (Absorption Costing) Function. The Royal Golf Club Costing is divided into three main elements which are Forming, Finishing and Assembly. The costing of all of these elements will include the three elements which have been discussed here. The total material cost in this particular aspect is $ 301, while the total labor and overhead cost are $ 630 and 678.65$ respectively. The total cost of Royal Golf Club according to the Full cost functioning is amounted to $ 1,609, which is quite high, and the company has to work hard to overcome on the same. It is clearly found that the highest cost is associated with Sterling Yacht Club, comparing to Royal Club in both of the scenarios like Full Costing and Absorption Costing.

Conclusion


This particular assignment is very broad in nature, as it requires analyzing the cost management strategies of Treasury Trophy Company (TTC), through which different perspective. There are three different perspective of costing which has been discussed in this particular aspect. Each of the sections has certain factors in particular that may impact over TTC. The company has to make sure that they applied the Royal Club Absorption Costing factor for their productivity. However there are certain recommendations which the company has to undertake.
 

Recommendations
 

The first recommendation which has been proposed in the context of TTC is related to management of their cost and operations. The operational cost associated with Royal Club Absorption is the lowest as compared to other costing method. This particular factor will certainly help the company to minimize its operational cot and maximizing its financial outcome in a professional manner.

The second important recommendation that associated with
TTC is related to communication factor. There are four different stakeholders associated with the company which have been divided among two main sections. The first one is the internal shareholders, while other is external shareholders. It is important for the company to increase the factor of communication through the perspective of Management Bi Objectives (MBO) to maximize the level of communication with their employees. Moreover, the company has to arrange certain meetings with the investors that include the management and arrangement of the Annual General Meetings (AGMs) and Extraordinary General Meetings (EOGMs) so that the management and the shareholders would be in a single binding and can manage their well-being in the market. Finally, the communication factor should have been increased with the management and the customers through different measures such as questionnaires and surveys. The implications of this recommendation not only strengthen the company from their internal perspective, but also strengthen their position in front of the eyes of their shareholders. It also helps them to strengthen its financial as well as strategic aspect in a perfect manner.

The third most important regulation that associated with this particular aspect is to strengthen the internal audit function and operations of the company accordingly.
TTC can initiate the same factor by increasing the factor of proper monitoring and analysis through which they can actually strengthen their position in the market and maximize their core operations and effectiveness in a professional and ethical manner. The implications of this recommendation not only strengthen the company from their internal perspective, but also strengthen their position in front of the eyes of their shareholders. It also helps them to strengthen its financial as well as strategic aspect in a perfect manner. Hence, the company should consider and implement all the strategies and recommendations which have been mentioned here.


References
 

Freeman, R. E. (2010). Strategic management: A stakeholder approach. Cambridge University Press.

Hulland, J. (1999). Use of partial least squares (PLS) in strategic management research: A review of four recent studies. Strategic management journal, 195-204.


Pearce, J. A., Robinson, R. B., & Subramanian, R. (1997). Strategic management: Formulation, implementation, and control. Chicago, Illinois: Irwin.


Priem, R. L., & Butler, J. E. (2001). Is the resource-based “view” a useful perspective for strategic management research?. Academy of management review, 26(1), 22-40.


Thompson, A. A., & Strickland, A. J. (2001). Strategic management: Concepts and cases. McGraw-Hill/Irvin.