Business

Change Agents in the Change Management Process (110 points One of the most fascinating components of the change management process is the change agent. The change agent, who can be a leader, manager, employee, consultant, or customer, is a person who is often at the center of the change management process and performs several critical functions in the overall process. Address the following regarding change agents: Define the concept of a change agent, including the traits and characteristics that best represent a change agent in today’s organization. Discuss the role of a change agent in the change management process (e.g., formal or informal role, position of authority or power, etc.). Assess how a change agent can influence the generation, direction, success, or failure of a change initiative. Finally, assess any challenges a change agent may have in the change process (e.g., not agreeing with the change, management not truthfully sharing the repercussions of the change, etc.) and how these challenges should be addressed.

Bills can be paid when they are received or when they are due. Which features in QuickBooks are used to record receipts and payments? How are cash purchases recorded? Why is the QuickZoom feature important?

Research the securities brokerage industry for its Past and Future Growth. Share factors such as, total revenue, total employment, industry growth rate, and GDP growth rate. Look at these from a few years ago to where it is today, and where it will be in a year. What impact do economic conditions, technological changes, and government regulations have on the securities brokerage industry and business? What trends are you seeing for the industry? What is the best approach for security brokerage firms?   Substantial evidence and critical thought need to be provided to justify statements.

Please focus on the question: What specific adaptations make humans such good throwers?

we combine components we have explored during the last several weeks: Stocks, Bonds and Risk.  The focus of this week is how a firm structures its financing (debt, equity, retained earnings). A firm has to trade-off return, risk, and the timing of inflows and outflows.  Let’s see how much you have learned….   Individual Discussion Instructions  Check out the list of statements below. Each individual can choose one statement to discuss- each may be chosen by only two students within each group Please provide an explanation of the reasoning of the statement- 1-2 sentences Now, using what you know about return, risk, and timing, unpack the statement.  Provide a discussion – why are they incorrect or incomplete?   (hints are provided below each statement) – 1-2 sentence. Example:  Statement: “Derivatives are financial weapons of mass destruction” a view of Warren Buffet This is an opinion that is motivated by large financial losses that derivatives can cause for investors and firms. For example, Amaranth Advisors used natural gas derivative contracts to speculate on nat-gas leading to large losses for their investors and disruption of the nat-gas market. However, derivative contracts can also be used for cash flow smoothing and price stability (example: Cotton futures). This allows hedgers to increase cash flow stability.  Both speculators and hedgers participate in both sides of the contracts to provide a liquid well-functioning market. Berkshire Hathaway utilizes Derivative Contracts in its investment strategies. In conclusion, they can be dangerous when used incorrectly or with malicious intent, and can also be helpful for the agricultural, energy, and financial economic participants List of Statements- paste into group wiki page and each student chooses one to discuss It is better to use a shorter mortgage term than a longer mortgage term to save on interest Hint: What are the benefits of a longer mortgage? It is best to pay for a house in cash because borrowing is expensive Hint: What else can a firm do with cash Firms should not hold so much debt Hint: why might a firm use debt rather than other types of financing The firm went bankrupt due to a decrease in revenue Hint:  what other factors have to be true for this to be the case?  Think about variables on the Income Statement The covid-19 pandemic caused the firm to go bankrupt Hint: the pandemic is just the situation, what other factors have to be true for this to be the case The firm was carrying too much debt, which led to bankruptcy Hint: Does a bankruptcy occur because of the debt level?  Connect the dots here The firm has a large number of assets and is large, making it a very profitable successful firm Hint: how are assets and income related?

Answer the following five questions. Each question is worth 20 marks. Your answers should average about half a page per question for a total of about three pages, double spaced.  1. What are the three sources of funding a national debt? Why are they all problematic? Why is foreign debt far more problematic for a country than domestic debt?  2. Explain fully the concept of “Twin Deficits” and use this concept to explain why the cause of the US trade deficit with China is largely due to American wars across the globe.  3. Explain how countries like Greece have largely misused the Keynesian model to “buy” votes and how this has created “sovereign debt” problems. In this regard, why can countries like Greece, or US states like California and cities like Detroit, become bankrupt, but countries like the US and Canada can never be bankrupt from too much debt?  4. Why does a flexible exchange rate make monetary policy more effective but fiscal policy less effective?  5. Explain the difference between a trade deficit, a current account deficit, and a balance of payments deficit. Explain fully why a current account deficit can be good for a country.

Pg1 George Bernard Shaw once said, “The single biggest problem with communication is the illusion that it has taken place.” Please discuss what you think he meant by that in terms of a practicing manager and the communication process. Examples and research will help you demonstrate understanding. Pg2 •Discuss the pros and cons of using the various organizational structures for organizations. •The structure of an organization can be an asset or a liability, and it is important to know the impact of the different structures. https://brytewave.redshelf.com/  User Id [email protected] Pwd : Y@momah03  1 source for each.

Research 4: Total cost management Topics need to be covered in your research Total cost management framework What is the company looks like without total cost management? What are the advantages of total cost management? Process Value Analysis System Activity-Based Costing System and Total Cost Management Target Costing and its Correlation to Total Cost Management Performance Measurement System Responsibility Accounting System Continuous Improvement Key Performance Indicators     Suggested References: American Association of Cost Engineering (Ed.). (n.d.). Total Cost Management Framework: An Integrated Approach to … Retrieved October 25, 2016, from http://www.aacei.org/tcmfree/TCMFramework_WebEdition.pdf Balfaqih, H., Nopiah, Z., Saibani, N., & Al-Nory, M. (2016). Review of supply chain performance measurement systems: 1998–2015. Retrieved from http://www.sciencedirect.com/science/article/pii/S0166361516301166 Bannister, S. (2006, April 01). Management of Continual Improvement for Facilities and Activities: A structured Approach. Bayou, M. E., & Reinstein, A. (1998). Three routes for target costing. Managerial Finance, 24(1), 28-45. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/212662811?accountid=39340 Drury, C. (2005). Management accounting for business decision (3rd Ed.). New Hampshire: Thomson Learning. Ellram, L. M. (2006). The implementation of target costing in the United States: Theory versus practice. Journal of Supply Chain Management, 42(1), 13-26. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/235220506?accountid=39340 Estampe, D., Lamouri, S., Paris, J., & Brahim-Djelloul, S. (2010). A framework for analyzing supply chain performance evaluation models. Retrieved from http://www.sciencedirect.com/science/article/pii/S0925527310004536 Fahmy, A. (2016). Proposed Total Cost Management Framework [Diagram]. Hilton, R. W. (2004). Managerial Accounting, (2nd ed.). New York, NY: McGraw-Hill. Hollmann, J. K. (2006). Total cost management framework: An integrated approach to portfolio, program, and project management. Morgantown, W. Va.: AACE International Jagannathan, D. (2016). Total Cost Management. Presentation, http://icmai.in/upload/Institute/CPD/2.pdf. Juran, Joseph M. and A. Blanton Godfrey. Juran’s Quality Handbook, 5th ed. New York: McGraw-Hill, 1999. Laihonen, H. & Pekkola, S. (2016) Impacts of using a performance measurement system in supply chain management: a case study, International Journal of Production Research, 54:18, 5607 – 5617, DOI: 10.1080/00207543.2016.1181810 Portz, K., & Lere, J. C. (2010). Cost center practices in Germany and the United States: Impact of country differences on managerial accounting practices. American Journal of Business, 25(1), 45-51. Retrieved from http://ezpxy.fanshawec.ca:80/login?url=http://search.proquest.com/docview/214179466?accountid=39340 Process Value Analysis – PVA. (2011). Retrieved from http://www.investopedia.com/terms/p/process value-analysis-pva.asp PWC. (2007). Guide to Key Performance Indicators Communicating the Measures That Matter. Retrieved 2016, from https://www.pwc.com/gx/en/audit-services/corporate-reporting/assets/pdfs/uk_kpi_guide.pdf. Reyhanoglu, M. (2004, July 01). Activity-Based Costing System Advantages and Disadvantages. SSRN Electronic Journal. doi:10.2139/ssrn.644561 Rich, N., Holweg, M., & Dipl. – Wirtschaftsing. (2016). Value Analysis, Value Engineering. Lean Enterprise Research Centre. Skoda, M., Slavikova, G., & Lajcin, D. (2014, August 18). The only Correct Calculation Method in Cost Management: From Activity Based Costing Perspective. Journal of Business & Management, 3(3). doi:10.12735/jbm.v3i3p08

Product and Pricing Issues Describe current issues in business and use course concepts to analyze them; Describe the various types of decisions faced by business managers Chapter 11 Objective:  Identify variables that can be used to divide a market into market segments Part I:  Ethics in Practice – Read the case study below and respond to the three questions presented at the end of the case. Make certain to clearly identify your answers to each question and fully support your answers. Pricing Before, During, and After Hurricanes  The late summer of 2017 brought several devastating hurricanes that impacted large areas of Texas, Florida, Puerto Rico, and the Virgin Islands. As often happens during events like these, there were several reports of stores, hotels, and service stations engaging in price gouging. Many states have laws against price gouging during natural disasters, but a Twitter photo of a Best Buy store charging $42 for a case of 24 bottles of water was widely circulated. Usually a case of water can be purchased for about $5 to $8, so the $42 price was thought to be an instance of price gouging. Best Buy quickly addressed the exorbitant price and issued an apology, stating they normally do not sell cases of water, and that an employee wanting to provide a service in advance of the hurricane simply multiplied the price of a single bottle they normally sell by 24 to arrive at the price-per-case total. Best Buy’s response was clearly aimed at deflecting any negative public reaction to the pricing “error.”   Another example of how companies might be accused of price gouging occurs with companies that use “dynamic pricing,” which uses computer algorithms to analyze demand and automatically raises prices as demand increases. Amazon, the large online retailer, uses dynamic pricing, and consumers saw an increase in the price of things like generators and water in the days prior to hurricanes Harvey, Irma, and Juan in 2017.   There are some economists and business thought leaders who believe that price increases during events like hurricanes is a good thing. Economists from the Chicago School of Economics state that regulating lower prices during natural disasters actually discourages consumers from purchasing essential supplies such as water and gasoline until the disaster occurs because they can anticipate regulated prices. In addition, let’s say that a hotel usually rents a room for $50 a night and decides to raise the price during a hurricane to $100. A family might decide to stay in one room rather than rent two rooms, thus saving some money while at the same time increasing the supply of hotel rooms for people who need them the most.   Critical Thinking Questions   1. What risks do companies such as Best Buy and Amazon face when selling a product that they normally don’t sell and then are accused of price gouging, or when they using dynamic pricing?   2. Why is the use of dynamic pricing deemed acceptable for selling tickets to sporting events but not during a natural disaster?   3. Do you agree with the arguments in support of higher prices put forth by free-market economists? Part II:  Market Segments Pick a specific product that you use frequently, such as a cosmetic or toiletry item, snack food, article of clothing, book computer program, or video game.  Once you have made your selection, answer the following questions about the selected product: 1.      What is the target market for the product, and does the company’s marketing strategy reflect this?   2.     Now consider the broader category of your product.  How can this product be changed and/or the marketing strategy adjusted to appeal to other market segments     https://d3bxy9euw4e147.cloudfront.net/oscms-prodcms/media/documents/IntroductionToBusiness-OP_8D04gAa.pdf

Brew quality Indian beer and ensure the beer becomes a global brand. We discussed Cobra beer in class and the analysis of the external environment and the issues within the brewery industry. Using the PESTEL and VRIO models explain how Cobra Beer has used this model to create competitive advantage in the beer industry globally.