Implementing The Economic Development Of A Nation State

Introduction Business sector is one of the main aspects in determining the economic development of a nation state. Many nations concern on the development of the business sector within their countries. In Indonesia, the government is trying to arrange the best laws and regulations to boost the development of the business sector. By the full support from the government, now there are several local brands of Indonesia that able to gain success both in the domestic and international market. The internationalization of market is becoming the dream of every domestic company in Indonesia, (X) S.M.L is one of the local brands which has the dream to expand its market internationally, even though it still focuses on the development of their existing shops both in Singapore and Indonesia (Chaerunnisa, 2011). Internationalization itself covers the whole activities performed by the company which related to the foreign market activities (Strategy Train, 2009). To be able to expand its market inte rnationally, (X) S.M.L needs to improve at all operational levels within the company. In this paper, we would like to elaborate the potential advantages of (X) S.M.L within its products. We are trying to analyze the challenges and opportunities faced by (X) S.M.L. and also the current position of (X) S.M.L in order to enter the international market. 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Divorce And The Effects On Child Development - 1577 Words

Divorce and the Effects on Child Development Nicole Harris Child Development- PSYC 3026-20 Simpson University July 3, 2015 Divorce and the Effects on Child Development Although needed in severe cases of abuse, divorce harmfully impacts, wives husbands and children. The lack of understanding of the primary nature of marriage has brought about a withdrawal from the institution of marriage. Parents need to slow on the uptake and proceed with care before the decision is made that divorce is the best solution for the child. Parents’ marital misery and friction harmfully affect their children’s happiness, comfort and security, but as does being subjected to going through a divorce. Children who are living in very high conflict and tension filled homes may be at an advantage by being detached from the conflicts. (Marriages that run at a lower level of upheaval, conceivably over two-thirds of divorces are of this kind; however divorce can make the children’s circumstances much worse on the heels of a divorce). Introduction Children can and will gain if parents can and work out their problems and stay as a unit rather than get a divorce (Paul R. Amato and Alan Booth, A Generation at Risk, Cambridge, MA: Harvard University Press, 1997). All marriages have their good times and their bad times. But love conquers all in most cases. Recent research with a large national sample found that 86% of people who were unhappily married in the late 1980s, and stayed with the marriage,Show MoreRelatedThe Effects Of Divorce On Child Development1194 Words   |  5 PagesThe Effects of Divorce on Child Development I met the love of my life in my financial accounting class. He was charming, and intelligent, and he carried himself well. 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Foundations in Strategic Management and Cengage Learning

Question: Discuss about the Foundations in Strategic Management and Cengage Learning. Answer: Introduction The name of the company is Miteb Clothing Store, which will be offering trendy and classic clothing, shoes and accessories online, created especially for the female populace of Australia. The company will attract the women looking for the best clothing through the elimination of the middle men and get the perfect outdoor outfits online. The fashionable women will be happy to receive the best products easily delivered and available in cheap prices comparatively, thus making the entire process cost effective and functional (Monroe et al. 2015). Miteb Clothing Store will offer fashionable and designer clothes, shoes from flats to heels, accessories such as bracelets, jewellery, bangles and many more in their online store. The online store targets the female inhabitants belonging to the niche section of the entire populace present in Australia. Therefore, it can be affirmed that the boutique store are creating an edge on delivering the finest quality goods. There are various opportunities for the Store that includes the following: Rentals of clothing: The store can aim in reusing the products used by the celebrities just for a single time in their whole lifetime. The stocks can be made available online for the common public to reach towards them. Hence, the company can make a hiring segment in the site published for the renting or buying the clothes of celebrities for some events or dates. This will attract a huge number of public as nowadays people are too interested in getting new and fashionable clothes i.e. cheap and best in nature. Vintage clothing:The fashion has a revolving nature and thus the old ones have a tendency to become gold again. There are women who love vintage i.e. classic clothing as they have dissimilar characteristics and quality. Thus, the business plan must include the inclusion of such clothing to attract a huge group of public. Wedding Cloth rentals: Like the rentals for the celebrity clothes, there can be a segment booked for the rentals of the wedding clothes as everyone do not like to spend a huge amount of money on a dress that serves only a single purpose. Though, for many girls its a dream dress, the major ones find it unworthy for investment purpose. Therefore, the business can earn leaps and bounds through this facility in their site. Recycling of the clothing: People have the tendency to remove the clothes once or twice after the use as they do not love to wear the same thing again continuously hence, they must be recycled with the help of best technologies and researchers Sales and Marketing Strategy Miteb Clothing Store will offer clothing, shoes and other accessories to the women residents. The policies in use will include the product differentiation as the new store will be rendering the unique, innovative and trendy products and services. The foremost attribute of the merchandise will be comfy stylish outfits that in reality will meet the requirement of the intended women populace. The store will provide services that comprises of the product shopping, replacements as well as specific regulation to the consumers. The designers will be always be present online in chat menu for providing assistance to women in the expansion of their personality and styles (Bettis et al. 2015). There must be a premium pricing strategy to be followed by the store as it will target the women of high income and also the fashionable ones that has an ability of paying any amount of price for the clothing with best quality. The customers have an eagerness in spending the cash on the important and excellent items and thus will try to chose the best ones from the ones available online (Eden and Ackermann 2013). In the modern age, Miteb needs the utilization of the electronic medium such as commercials on internet, television and various fashion programs. The social networking sites being the major usage of every youngster and elders must be employed for the purpose of promotion such as Facebook, YouTube and Twitter etc. Miteb's eye-catching logo will beprofoundlydemonstrated in these advertisements. Miteb will also offer concessions at various period of time to level out the seasonality and also in creation of a preliminary consciousness of the website (Hollensen 2015). Operational Strategy The owners of Mideb should follow a line of investigation into the competition through the oppositions. With the ease of access of shopping online, the rivalry has now reached heights and the clothing store is supposed to detail out its advantage over each of the competitors in the present scenario (Goetsch and Davis 2015). The store must have an efficient capacity of storage and organization of the required levels of the stock. The insufficient inventories lead to the inability of reaching the levels of required profitability. The online ordering people will not like the fact of the chosen clothing to be out of stock or unavailable at the required time. Hence, it must cover up the necessities and requirements of the maintenance of inventories (Bergh 12016). The owners should also have a reflection towards the offering of discounts during the season endings to shift the leftover inventory that has a result of the lowering of the margins of profit. They need to be cautious in pricing the products in a manner that creates a situation of profitability for the store. Being a new business the owners may also have to bargain with the wholesalers of clothing to set up a program of buying back the left over stock of clothing present with the business (Nielsen 2015). The operating plan must have a detailed discussion about the plans of the market for the business, together with the inclusion of the policies to achieve appreciation within the market. The store could team up other organizations and work collaboratively; putting up fashion shows and unique events leads to benefit of both the organizations. The social media marketing can be too useful if implied in a proper manner. The internet is the main medium of reaching out to the market and hence the plan must include the various forms of internet applications. Mideb Stores will have an involvement in the conducting of the market research for the owner to understand and interpret the current style and fashion necessities of the intended clientele (women inhabitants for the Mideb Stores). There will be an appointment of a research and development team for taking the responsibility of studying the size, market and commerce for the effectiveness in the operations of the business chosen by the owners i.e. an online clothing store for women. The section of finance in the working plan will have an inclusion of the major financial statements of the company. The same will have an inclusion of the statement of income and balance sheet. These statements are not simply the guesses of the figures but also based on reality. The same can be attained through the research done in market, concerning the competition and also by paying particular attention to the companies preparing their financial statements go unrestricted for their investors and shareholders (Barney and Hesterly 2015). The financial statements of the company have included the statements of last three years. Financial Plan The major considerations of the financial plan include the following: Maintenance of a profit margin at an approximate of 15 to 20% and also paying close attention to the everyday expenditure along with the cost of goods sold. To turn stock at an approximate of five times as well as generation of sales. To augment the alertness as well as constructing the sales through the use of the social media and other modes of advertisements. The financial plan must include the following: The Profit and loss i.e. the income statement: PROFIT AND LOSS FORECAST Year 0 1 2 3 Revenue 0 480,000 520,000 625,000 Cost of sales 0 330,000 375,000 460,000 Gross profit 0 150,000 145,000 165,000 Gross Margin 473,070 512,265 608,725 Expenses/overheads Premises (rent, rates) 18,000 18,000 18,000 Wages and salaries 8,000 10,000 12,000 General expenses 2,250 2,450 2,600 Accountant Fees 20,000 20,000 20,000 Payroll Tax 3,800 4,100 4,400 Utilities 15,000 17,500 20,000 Sales and Marketing 18,000 20,000 22,000 Postage and Telephone 1,650 1,850 2,150 Repairs and Maintenance 2,500 2,750 3,000 Website Development Expenses 35,000 35,000 35,000 Preliminary expenses 1,900 2,300 2,600 Lease Payments 14,000 16,000 19,000 Total expenses/overheads 140,100 133,950 141,750 Profit before tax 9,900 11,050 23,250 Tax @ 30% 2,970 3,315 6,975 Profit after tax 6,930 7,735 16,275 Transfer to reserves 9,900 11,050 23,250 Balance Sheet Assets FY-1 FY-2 FY-3 Current Assets Cash $106,050 $137,050 $124,650 Accounts receivable $480,000 $520,000 $625,000 Total current assets $586,050 $657,050 $749,650 Fixed (Long-Term) Assets Vehicles $25,000 $25,600 $22,400 Furniture $32,000 $16,000 $12,800 Equipment $35,000 $22,400 $17,920 (Less accumulated depreciation) $15,200 $12,800 $10,880 Intangible assets $50,700 Total fixed assets $127,500 $51,200 $42,240 Total Assets $713,550 $708,250 $791,890 Liabilities and Owner's Equity Current Liabilities Accounts payable $24,000 $25,000 $27,000 Accrued Rent $18,000 $18,000 $18,000 Bank Charges Payable $3,000 $3,000 $3,000 Short-term loans $10,000 $10,000 $10,000 Income taxes payable $2,970 $3,315 $6,975 Accrued salaries and wages $8,000 $10,000 $12,000 General Expenses $2,250 $2,450 $2,600 Lease Payment $14,000 $16,000 $19,000 Current portion of long-term debt $150,000 $140,000 $130,000 Total current liabilities $232,220 $227,765 $228,575 Long-Term Liabilities Long-term debt $75,000 $90,000 $80,000 Less: Loan Repayment $7,500 $7,500 Deferred income tax $189,500 $154,200 $176,290 Total long-term liabilities $264,500 $236,700 $248,790 Owner's Equity Owner's investment $200,000 $225,000 $275,000 Net Profits $6,930 $7,735 $16,275 Reserve and Surplus $9,900 $11,050 $23,250 Total owner's equity $216,830 $243,785 $314,525 Total Liabilities and Owner's Equity $713,550 $708,250 $791,890 {42} Common Financial Ratios Debt Ratio (Total Liabilities / Total Assets) 0.70 0.66 Current Ratio (Current Assets / Current Liabilities) 2.52 2.88 Working Capital (Current Assets - Current Liabilities) 353,830 429,285 Assets-to-Equity Ratio (Total Assets / Owner's Equity) 3.29 2.91 Debt-to-Equity Ratio (Total Liabilities / Owner's Equity) 2.29 1.91 Therefore, the Mideb clothing store must take into account the above scenarios in mind for the effective and efficient management of the companys business and novel endeavors on a daily basis. The trends along with the shift in the ratios and other important data must be checked and controlled effectively. References Barney, J. B., and Hesterly, W. (2015).Strategic management and competitive advantage concepts and cases. Pearson. Bergh, D. D., Aguinis, H., Heavey, C., Ketchen, D. J., Boyd, B. K., Su, P., ... and Joo, H. (2016). Using meta?analytic structural equation modeling to advance strategic management research: Guidelines and an empirical illustration via the strategic leadership?performance relationship.Strategic Management Journal,37(3), 477-497. Bettis, R. A., Gambardella, A., Helfat, C., and Mitchell, W. (2015). Qualitative empirical research in strategic management.Strategic Management Journal,36(5), 637-639. Eden, C., and Ackermann, F. (2013).Making strategy: The journey of strategic management. Sage. Goetsch, D. L., and Davis, S. B. (2014).Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Harrison, J. S., and John, C. H. S. (2013).Foundations in strategic management. Cengage Learning. Hollensen, S. (2015).Marketing management: A relationship approach. Pearson Education. Monroe, K.B., Rikala, V.M. and Somervuori, O., 2015. Examining the application of behavioral price research in business-to-business markets.Industrial Marketing Management,47, pp.17-25. Nielsen, L., 2015. Product Positioning and Differentiation Strategy.Hearst Newspapers.

Where The Red Fern Grows Essays - English-language Films

Where The Red Fern Grows "I was walking along whistling when I heard the dogfight", Billy starts the story. He rescued an old redbone hound dog and took it home. This brought memories back to his mind. It all happened over 50 years ago. This is a story about friendship between two coon hounds and a boy named Billy Colman. Billy is ten years old and lives in the Ozark Mountains. He had long straw-colored hair that was shaggy. He wore patched and faded coveralls. Billy did not wear shoes during the summer. He was a good boy and worked hard to help his mother and father. His family lived in a farm on a Cherokee land because his mother was part Cherokee Indian. Billy's mother taught Billy reading, writing and arithmetics. They lived in a log house near the Illinois river. Billy loved the nature and roamed the hill and river bottoms. He knew every game trail and every animal track. He was most fascinated by the tracks of a river coon. "I was a hunter from the time I could walk", he tells. He hunted lizards, rats, frogs and other animals. He wanted to have dogs but his mom and dad did not have the money. A pair of coon hound would cost $ 75. Billy's father bought him three small steel traps. He took them to bed with him. Billy started to trap the next morning and caught their cat Samie. Very soon the cat was limping with all four legs. After he caught his mom's chicken he had to set the traps in the forest. He caught opossums, skunks, rabbits and squirrels, but he wanted to have a coonskin. One day he went to Shannon Ford where the fishermen camped. He found things the fishermen left behind. He had found a knife and a fishing pole and other stuff. Now he found the magazine. In the magazine was a small ad: Registered Redbone Coonhound Pups Twenty-five Dollars Each Billy remembered a passage from the bible that said: "God helps those who help themselves " and slowly saw the plan began to form. He could sell stuff to fishermen and save money. Billy had 23 cents which he put in an old can and started to work. He caught crawfish and minnows, and trapped opossum, squirrels and skunks. He picked up blackberries. A good hide would sell for 25 cents and a bucket of berries for 10 cents. It took him one year to save twenty-seven dollars and forty-six cents. Billy worked another year and had his fifty dollars. He took the money to his grandfather who had a store and asked him to buy the coonhounds. Billy's grandpa loved Billy very much. He was very fair and hardworking. Billy waited for days. Then they got the message that the dogs were in depot in a near by town. Billy did not want to wait for a week when a neighbor went to town. He packed a bag and started walking. The town was 20 miles away and it took Billy all night to get there. He got the pups and walked back. On his way back he spent a night in a cave and was scared by a mountain lion. He stopped at the camping ground he had found the magazine. He saw two names carved on a tree: Dan and Ann and decided to name his dogs Old Dan and Little Ann. Billy wanted to train his pups to hunt coons but he needed to have a coonskin to train them. His grandpa taught him a trick to catch a coon. It took him a week to get the coon. He taught his dogs every trick he knew. Billy got most of his ideas from the stories the coon hunters would tell at his grandpa's store. Billy tied his first coon hide to a string and drag it around the forest. He would drag it through the water, and walk up and down the river bank. He would pull the skin up a tree and swing it twenty or more feet away from the tree as the coons would try to trick the dogs. He trained them all summer and waited the hunting season to open. He was almost fourteen. Little Ann is the brain of the team. A smart old coon would climb a tree jump far away from the tree. This move would trick many dogs, but Little Ann would find the trail once again.