personal strength and weakness essays

personal strength and weakness essays Everyone has certain qualities or traits that influence ones decisions, which can be either beneficial or detrimental. This is where personal strengths and weaknesses derive from or make each one of us unique. We need to be able to recognize not only our strengths, but also more importantly, our weaknesses. Weaknesses would be the area that we need to ask for help or assistance from others in order to grow and prosper as an individual. Life is a never-ending learning experience. One of the most important lessons we can ever learn from comes from within. As we go through life, it is essential that we learn who we are, and have the ability to recognize and grow from our own personal strengths and weaknesses. By identifying our personal strengths and weaknesses we can become successful in our professional life, as well as our personal. Personal strengths need to be reinforced in order to keep them affecting us in positive way. Weaknesses should be overcome in order to get us closer to our goal, and avoid slowing others down when you are part of a team. As we go through life, it is essential that we learn who we are. As part of my Navy training I was always forced to repeat Great leaders know their personal strengths, and look for people who will offset their weaknesses. Im sure our training commanders were quoting somebody, but I believe that the most important lessons we can ever learn come from within. One of my skills at work is the ability to follow directions without being reminded to repeat that same task. Getting things done right the first time is one of my primary missions. Another strength I have is in my ability to learn new tasks quickly. This is talent that is most helpful in my personal and professional life. I am a hard working individual and enjoy helping others. While at work, I am a team player and I do my best at completing the job correctl ...

Fuddy Meers

Fuddy Meers Fuddy Meers by David Lindsay-Abaire is set during the course of one long day. Two years ago Claire was diagnosed with psychogenic amnesia, a condition that affects short-term memory. Every night when Claire goes to sleep, her memory erases. When she wakes up, she has no idea who she is, who her family is, what she likes and does not like, or the events that led to her condition. One day is all she has to learn everything she can about herself before she goes to sleep and wakes up wiped clean again. On this particular day, Claire wakes up to her husband, Richard, bringing her coffee and a book with information about who she is, who he is, and various other facts she may need throughout the day. Her son, Kenny, drops in to say good morning and go through her purse for some money that he says is for the bus, but is most likely to pay for his next round of pot. Once the two of them leave, a masked man with a lisp and a limp crawls out from under Claire’s bed announcing that he is her brother, Zack, and he is there to save her from Richard. He gets her in the car and throws away her book of information and drives her to her mothers house. Claires mother, Gertie, has suffered a stroke and though her mind functions perfectly, her speech is garbled and mostly unintelligible. The title of the play comes from Gerties garbled speech; Fuddy Meers is what comes out of her mouth when she tries to say Funny Mirrors. Once at her mother’s house, Claire meets Millet and his puppet Hinky Binky. The limping man and Millet recently escaped from jail together and are on their way to Canada. Richard soon discovers Claires absence and drags a stoned Kenny and a kidnapped policewoman to Gerties house. From there, the action devolves into a chaotic hostage situation where details of Claires past slowly emerge until she finally gets the whole story of how, when, and why shes lost her memory. Setting: Claires bedroom, a car, Gerties house Time: The Present Cast Size: This play can accommodate 7 actors. Male Characters: 4 Female Characters: 3 Characters that could be played by either males or females: 0 Roles Claire is in her 40s, and for a woman who has lost her memory, she is fairly happy and at peace. She is upset to see an old picture of herself in which she looks like a pathetically sad-looking woman and recognizes that she is much happier now. Richard is devoted to Claire. His past is shady and littered with minor crimes, drugs, and deceit but hes since turned his life around. He is doing his best for Claire and Kenny although he tends to become nervous and erratic when placed in stressful situations. Kenny was fifteen when Claire lost her memory. He is seventeen now and is using marijuana to self medicate. He is rarely clear-headed enough these days to connect and communicate with the world. The Limping Man announces that he is Claires brother, but his identity remains in question for much of the play. In addition to a limp, he also has a severe lisp, is half blind, and one of his ears has been badly burned resulting in hearing loss. He has a short temper and refuses to answer Claires questions. Gertie is Claires mother. She is in her 60s and suffered a stroke, which resulted in an inability to speak clearly. Her mind and memory are perfect and she loves Claire with all her heart. She does her best to protect her daughter and help Claire piece together her past in time to avoid repeating it. Millet escaped from jail with the Limping Man and a puppet named Hinky Binky. Hinky Binky says all the things Millet cannot and often gets Millet into trouble. While there were plenty of things in Millets past to land him jail, he was wrongfully accused of the crime that eventually imprisoned him. Heidi is introduced as a policewoman who pulls Kenny and Richard over for speeding and possession of marijuana. She is later revealed to be the lunch lady where Millet and the Limping Man were imprisoned and she is in love with the Limping Man. She is strong-willed, possessive, and mildly claustrophobic. Production Notes The production notes for Fuddy Meers focus on set suggestions. The set designer has a chance to utilize creativity and imagination in rendering the various settings. Playwright David Lindsay-Abaire explains that since the play is experienced through Claires eyes, the world that the designers create should be a world of incomplete pictures and distorted realities. He suggests that as the play goes along and Claire’s memory returns, the set should transform from representational to realistic. He says, †¦for example, each time we revisit Gerties kitchen, maybe theres a new piece of furniture, or theres a wall where there wasnt one before. For more of David Lindsay-Abaires notes see the script available from Dramatists Play Service, Inc. Besides the make-up the Limping Man needs for his burned and disfigured ear, the costume needs for this show are minimal. Each character needs only one costume as the time span of Fuddy Meers is only one day. Lighting and sound cues are also minimal. A full properties list is included in the script. There is also a translation of all of Gerties stroke talk at the back of the script. This is helpful for the actor cast as Gertie to understand exactly what she is trying to say and to find the best emphasis and emotions to attach to her garbled dialogue. The director may use his or her own discretion in letting the rest of the cast read the translations as their confused reactions to her lines may be more genuine if they truly do not understand her. Content Issues: Violence (stabbing, punching, shooting guns), language, domestic abuse Production rights for Fuddy Meers are held by Dramatists Play Service, Inc.

Macroeconomic indicators of India and Vietnam Essay

Macroeconomic indicators of India and Vietnam - Essay Example The working population of Vietnam is composed of a young, easy to develop labour force. Considering the high labour available at both India and Vietnam, foreign investors can invest in the food manufacturing sector, as the agricultural inputs are readily available. Through investing in food manufacturing, the investors will benefit from the readily available unskilled and semi-skilled labour force. In Vietnam, the improvement of the regulatory environment has fostered the credibility of the business environment, but corruption and the unequal implementation of regulatory standards is still hampering business development. As a former colony of the British, India has a large English-speaking and highly educated labour force. The agricultural sector of Vietnam is highly competitive, and the economy also draws a lot from the light industry and the aquaculture sectors. For instance, Vietnam is among the largest rice and coffee exporters in the world. Due to the high potential of the agric ultural sector of Vietnam, investing in food manufacturing is likely to be encouraged by the government since it forms part of the transition to high-value production. Vietnam offers a higher level of â€Å"ease to do business,† which draws from the favourable nature of the licensing policies of the country. The policies on obtaining a business license and those on taxation are favourable to new market entrants. The ease of entry will help investors enter the Vietnamese economy easily, as well as enhance the economic potential of the agricultural sector. In outsourcing business, a well developed transport system plays a key role since better transport networks improve the distribution of goods from inland factories to... This paper presents a modern comparative analysis of the national economies of India and Vietnam with respect to their respective investment attractiveness to the foreign investors. India and Vietnam are the seventh and thirteenth largest countries in the world respectively. India is the world’s second-largest country by national population. Vietnam has a working class expansion, among the 18 and 27 years group. India is among the fastest growing economies in the world, with a GDP that averages 9 percent for the four economic years before year 2012. In the case of Vietnam, the 20 years of economic change and reforms have changed the Vietnamese economy into a dynamic, fast-growing emerging economy. The Indian economy has risen into a global leader in business processing, technology, pharmaceuticals and telecommunication industries. Demographic statistics are critical in determining the working population, prospects of national consumption and future employment profiles. From the labour profile of Asia and India, investing in food manufacturing will be a good investment for the two economies. Investing in food manufacturing will be efficient, as the inputs for food processing are available, and labour is available at India and Vietnam. The factors that limit investing in India and Vietnam include the poor transport network, external shocks, and the demand for the economies’ goodsA number of recommendations are presented for the Indian and the Vietnamese economies to enhance the competitiveness

Organisations and behaviour Case Study Example | Topics and Well Written Essays - 2250 words

Organisations and behaviour - Case Study Example , democracy, and laissez-faire as proposed by behavioral theorists1, however, the different leadership styles are currently considered to be transformational, transactional, or charismatic. Autocratic or authoritarian leadership style bestows all the decision-making powers solely on the leader, and motivation is achieved through rewards or punishments. However, for both at Egg and Taylor Woodrows workforce, this type of leadership may impact negatively on motivation of employees. Considering that the two companies both put a lot of emphasis on employee involvement, autocratic style leadership may not foster effectual communication, a tool highly and considerably associated with effective implementation of change. Democratic or participative leadership allows employees to get actively involved in decision-making processes by developing plans aimed at helping employees evaluate their performance. This form of leadership will particularly impact positively in regard to workforce motivation at Taylor Woodrow given that they already have a working Performance and Development Review in place. Moreover, participative leadership permits establishment of goals by the workforce, promotes growth on the job and promotions, and recognizes achievement. Therefore, during change implementation, participative or democratic leadership facilitates employee motivation, which in effect leads to improved organization performance and profitability. At Egg, democratic or participative leadership proves to be the most effective leadership style since the company puts a lot of emphasis on employee-management relationship, allowing employees to get involved in planning, performing, and achieving for themselves and the company in overall. Addition, the company’s strategic approach toward employee is anchored on a ‘know yourself, know your people’ concept that puts not only the targets of the company itself but also those of the workforce at the core of its operations. With the

Explain Crime Rates Essay Example for Free

Explain Crime Rates Essay The two theories with respect to criminology I would be using would be the Social Disorganization Theory and the Anomie Theory. Durkheim introduced the term ‘Anomie’ in the 19th or the early 20th century. He considered that Anomie had a major role to play with respect to social behavior. He felt that the level of moral consciousness may differ from one individual to another, and deviations often resulted in crime. Robert Merton developed ideas to establish a link between criminal behavior and Anomie. Merton considered that social pressures caused an individual to behave in a non-compliant or an abnormal manner. In society, an individual had certain goals and means of fulfilling these goals. Initially an individual may choose acceptable means to achieve these goals. However, as the situation deteriorates, he would be choosing increasingly unacceptable means to achieve the goals (Reid, 1985). The social disorganization theory was proposed by the Chicago School of Sociology. It is a situation in which divergence away from the normal is seen due to certain social situations. Any disturbance to normal social life would result in an increase in crime and disharmony. When social organization is present, positive relationship, values and goals also develop. Read more:Â  Essay About Crime Rate Increase in India In the past the social disorganization theory has been utilized to explain disturbance during the World War 1, World War 2 and the Great Depression (Reid, 1985). A criminal case in our local community was a string of suicides committed by three teenagers who attended school. Investigations revealed that the teenagers were not happy with the results they had obtained in High School. Studies revealed that the local leader, who was responsible for the educational policy adopted by the state, had adopted rather tough measures, which resulted in high failure rates and frustration in the school children. As the social pressures were high, the teenagers were behaving in a non-complaint or an unreasonable manner. This goes along with the Anomie theory. Studies also revealed that the other ministries that were responsible for public welfare were not functioning properly during that period. Hence, there was an increase in the social disorganization rate (as normal life was affected). The teenagers committing suicide expressed the dissatisfaction and the disharmony in the society. This helps to prove the Social Disorganization theory.

Essay --

Tom Nowakowski 12/20/13 HI-216 Dr. Pursell Final Exam 1) The Koran has many different things to say regarding the religions being practiced circa 600 AD in the Middle East. Prior to Islam, Saudi Arabia had a lot of people who practiced paganism. When Islam arrived, there was absolutely zero tolerance of pagans and paganism. Things were different regarding Christianity and Judaism. Islam tolerates Christianity and Judaism as they’re Abrahamic religions. The Koran does not have an issue with Christians or Jews practicing their own religious ideas or beliefs. The Koran also instructs Muslims to treat them respectfully and that there should be no forced religious conversions carried out. The Koran also believes that Christians and Jews are people of the book, or people who received scriptures before the Koran was written. The Koran views people of the book, or those who have an Abrahamic religion, as close or related to them. In fact, Islam and the Koran even view Jesus as a prophet and give respect to the Virgin Mary as well. Christ ians and Jews are viewed as misguided but must still be respected. The arrival of Islam drastically transformed the Middle East and its culture. Prior to Islam, women did not have the right to acquire an inheritance, initiate a divorce, and slavery was frequent as well. Muhammad wanted to improve the wellbeing of women and believed they should have more rights. Eventually, Muslim women also were allowed to inherit wealth too. Islam taught that both sexes were equal. Islam also forever changed the way many Middle Eastern countries governed. Many Middle Eastern governments are influenced by Islam or are even officially Islamic countries themselves. This influenced the types of laws that are passed and legi... ...oint where Egypt recognizes Israel and peace treaties between the two have been put into place. Egypt has even become a crucial strategic partner to Israel. Nevertheless, some are skeptical of this Egyptian-Israeli peace and question its effectives. That said, the two are on technically good terms and have diplomatic and economic ties with each other. It’s safe to assume that if such good terms continue in the future, then Israel and Egypt will not have another conflict with each other again. This is obviously important to Israel from defense standpoint too. 6) As of this point, it’s difficult to say for certain whether or not the Middle East will be democratic. Undoubtedly, challenges remain ahead for it to achieve democracy, or at least any reasonable semblance of it. The great hope and narrative that everyone had with the Arab Spring was that

Continuity & Change Over Time Essay

During the time period between 600 and 1750, economic and social continuities and changes impacted Western Europe immensely. One particular economic alteration was the decline of feudal manoralism, prevalent in the early medieval era, as a result of the restoration of commerce following the Crusades. Another major change was the socioeconomic impact of the Age of Exploration circa 1500, which would establish European Hegemony. While economic transforma-tions occurred throughout Western Europe, the influence of the Roman Catholic Church was continuous despite fluctuations in its authority. After the fall of the Roman Empire in 476 CE, Western Europe became divided into the Germanic Kingdoms that characterized the Middle Ages. Trade languished during this time as a result of the constant warfare (feuds) and political instability that ensued after the fall of Rome. For this reason, self-sufficient manors managed by local warlords developed. Rigid social stratification defined the period with a hierarchy comprised of Kings, Noblemen, Knights and peasantry. Socially, living conditions were unfavorable, and the Black Plague ran rampant devastating the European populace circa 1350. Between 1100 and 1300, Western Europeans embarked upon a series of religious quests against Muslims, known as the Crusades. European soldiers fighting in the Middle East were intrigued by foreign goods and the Muslim preservation of long forgotten Greco-Roman ideals. Amazed at such riches and ideas, they returned home to introduce and expose Western Europeans to what they had discovered. As a result, commerce was resumed and interregional trade networks were created to obtain foreign â€Å"luxury† goods that were at increased demand. Fortunately the war had forged European contacts with the Middle East via the Mediterranean Sea, which allowed for merchandise to be acquired from lands as far as China without extended voyages. As trade once again began to flourish, Europe saw the decline of manoralism. This was due to the rise in the merchant class which challenged the power of the Aristocracy, thereby weakening their influence.  Increased business in port cities caused urbanization in several areas in addition to an emerging middle class. Burgeoning trade and economic prosperity allowed for the resurgence of Greco-Roman intelligence and culture in what is known as the Renaissance, which spanned from the fourteenth to the seventeenth century. In the midst of the Renaissance, world trade was prosperous and vast. Nations established personal control through the commercial contacts that they established. In an effort to shorten certain trading routes and obtain a more surmountable amount of natural resources, many nations entered the Age of Exploration circa 1500. Christopher Columbus, in an effort to discover a more efficient route from Western Europe to India, accidently unearthed the Americas in 1492. His discovery led many other European nations to pursue imperialistic endeavors in what had become known as the New World. Two Spanish conquistadors, Cortez and Pizarro, made a profound impact on the areas they conquered in the New World. In Mexico, the native Aztecs were overpowered by Cortez’ forces. A majority fell ill from susceptibility to European diseases, while the rest were placed into coercive labor systems. Similar fates were bestowed upon the Incas subjected to Pizarro’s control. The Spanish created these colonies as a source of raw materials and cheap labor to support their expanding economic endeavors. To assert control over the native populations, the encomienda and mita systems were utilized. These systems, originally devised as a means of converting natives to Christianity, were in reality, inhumane, harsh organizations that devastated local populations. Through coercive labor systems and colonization, European nations were able to lay the foundation they needed to attain hegemony during this time period. Between 600 and 1750, the Roman Catholic Church continued to play a constant role in Western Europe. During the feudal period, the church developed its strong authority due to the decentralized political nature of Western Europe. In this instance Christianity acted as a unifying force amongst the several divided kingdoms of the age. Upon entry into the Crusades in 1095, the Church’s influence was at its peak as European soldiers rallied in opposition to Muslim forces encroaching on Byzantine territory. Those who  fought returned from the conflict to spark interests in worldly luxury products and thought laying foundation for the European golden age or Renaissance. Intellectual movements spurred by Renaissance thought led many to question the morality of the Catholic Church, specifically in regards to the sale of indulgences. Martin Luther, a Catholic monk, witnessed firsthand the lavish way in which clergy were allowed to live due to their increased secular power. He strongly disapproved of their practices and pursued reform through his 95 theses. The Church’s failure to comply with his proposals resulted in his decision to begin the Protestant Reformation. This division in the Catholic Church combined with an increase in monarchal authority temporarily decreased the church’s influence. Circa 1500, the Age of Exploration transmitted material goods as well as cultural and spiritual ideals. The Spanish conquistadors who conquered regions of Latin America instilled upon the natives their Roman Catholic faith thus replacing their polytheistic worship. What at first was evidence of religious exploitation, as seen in the coercive labor systems established, was transformed into a force of social stability that dominated everyday life. The spread of Christianity to the New World once again established the Catholic Church as a religious authority with substantial influence. Economic and social patterns between 600 and 1750 were transformed due to several changes and continuities throughout Western European society. The European decline in feudalism was impacted immensely by the resurgence in commercial activities following the Crusades. The prosperity that ensued from increased world contacts laid the foundation for eager explorers to trail their ambitions during the Age of Exploration. Their discoveries and conquests would then establish European Hegemony at the expense of many aboriginal people subjected to coercive labor. Throughout this time the Roman Catholic Church continually held a place in society despite fluctuations in their authority and support.

Hugo Boss Case Study

Options 4/3/2012 Option: you have the choice to buy something for a certain price but if the price is less than that price forget about the contract. The most you ever pay is the contract price. You have the possibility of doing better. Nothing to lose only gain since you locked in a certain price; seller of contract can only do worse. The person whom makes the contract charges a price to enter into the contract, the seller keeps this contract. This price is called the premium, options start life with a value, it is an impure derivative.The underlying is instrument is what the contract is about person whom buys the contract Is known as the option buyer/investor, seller is known as the option writer/issuer, what you pay if you exercise the contract is known as the strike price or exercise price. Options have expiration days after that we can not use them anymore, another parameter is the type of option that it is Six parameters: Underwriting asset, parties involved, strike price/exerc ise price, expiration date, type of option.The premium fluctuates with demand, the contract could be sold Underlying: SBUX 1,000 Strike Price: 60 a share 1 Month: Type: Call Premium: 8 If you do not exercise the option it is allowed to expire Options come in types, Styles, and classes Put option right to sell at a certain price Put option: Underlying: sbx, 1000 shares, spot price 55 Strike price: 50 Time: 1 Month Premium: in a put option you pay for the buy to sellOptions come in three styles: European Style: You can exercise on a certain date, only at expiration American Style: You can exercise at any time, makes premium from an American option more but not by much only worth a lot more when dividends high dividends and low interest rates are present Bermuda Options: specific dates when you can exercise them Pay off diagram 50 55 60 (exercise price) Starbucks pricePayoff 300 400 500 60 0 7010 8020 10040

AGILE Example

AGILE Example AGILE – Article Example Extreme Programming Affiliation Gerold Keefer bias about extreme programming lies on facts that he has collected over time and he has made it open to the public. I agree with Keefer bias about extreme programming outcomes or software should be subjected to quality assurance checks. This not only adds value to the software, but also paves way for advanced and future research. With reference to the above statement and according to the case text provided individuals have come up with software that are outstanding but have not been granted to be sure through better quality assurance checks hence this type of extreme programming is considered sub-standard. Gerold Keefer states that despite the negatives impacts of Extreme Programming, it has or it expects to get a clear understanding of agile methods and applications of extreme engineering to most software testing platforms. As a matter of fact over the last decade, researchers and scholars have working tirelessly to come up with agile platforms that have up to date qualities; the bias come in when individuals and companies come up with software that are of low quality but authorities drive them to extreme programming standard yet they do not meet this platform. The practice of producing extreme programs is not refactoring; this practice takes place after initial coding so at to improve the appearance of the software being developed, but to the author extreme programming calls for unit testing hence, refactoring leads to extra work hence, less efficient. The last value is simplicity; this is a respectable designing principle that extreme programming deploys to make sure that its works are user friendly; but this does not take place in the contemporary programming society.

Budget Line Graph and Indifference Curve Practice

Budget Line Graph and Indifference Curve Practice In microeconomic theory, an indifference curve generally refers to a graph that illustrates different levels of utility, or satisfaction, of a consumer who has been presented with assorted combinations of goods. That is to say that at any point on the graphed curve, the consumer holds no preference for one combination of goods over another. In the following practice problem, however, we will be looking at indifference curve data as it relates to the combination of hours that can be allotted to two workers in a hockey skate factory. The indifference curve created from that data will then plot the points at which the employer presumably should have  no preference for one combination of scheduled hours over another because the same output is met. Lets take a glimpse at what that looks like. Practice Problem Indifference Curve Data The following represents the production of two workers, Sammy and Chris, showing the number of completed hockey skates they can produce over the course of a regular 8-hour day: Hour Worked Sammys Production Chriss Production 1st 90 30 2nd 60 30 3rd 30 30 4th 15 30 5th 15 30 6th 10 30 7th 10 30 8th 10 30 From this indifference curve data, we have created 5 indifference curves, as shown in our indifference curve graph. Each line represents the combination of hours we can assign to each worker in order to get the same number of hockey skates assembled. The values of each line are as follows: Blue - 90 Skates AssembledPink - 150 Skates AssembledYellow - 180 Skates AssembledCyan - 210 Skates AssembledPurple - 240 Skates Assembled This data provides the starting point for data-driven decision making regarding the most satisfactory or efficient schedule of hours for Sammy and Chris based on output. To accomplish this task, we will now add a budget line to the analysis to show how these indifference curves can be used to make the best decision. Introduction to Budget Lines A consumers budget line, like an indifference curve, is a graphical depiction of assorted combinations of two goods that the consumer can afford based upon their current prices and his or her income. In this practice problem, we will be graphing the employers budget for employees salaries against the indifference curves that depict various combinations of scheduled hours for those workers. Practice Problem 1 Budget Line Data For this practice problem, assume that you have been told by the chief financial officer of the hockey skate factory that you have $40 to spend on salaries and with that you are to assemble as many hockey skates as possible. Each of your employees, Sammy and Chris, both make a wage of $10 an hour. You write the following information down: Budget: $40Chriss Wage: $10/hrSammys Wage: $10/hr If we spent all of our money on Chris, we could hire him for 4 hours. If we spent all of our money on Sammy, we could hire him for 4 hours in Chris place. In order to construct our budget curve, we jot down two points on our graph. The first (4,0) is the point at which we hire Chris and give him the total budget of $40. The second point (0,4) is the point at which we hire Sammy and give him the total budget instead. We then connect those two points. Ive drawn my budget line in brown, as seen here on the Indifference Curve vs. Budget Line Graph. Before moving forward, you may want to keep that graph open in a different tab or print it out for future reference, as we will be examining it closer as we move along. Interpreting the Indifference Curves and Budget Line Graph First, we must understand what the budget line is telling us. Any point on our budget line (brown) represents a point at which we will spend our entire budget. The budget line intersects with the point (2,2) along the pink indifference curve indicating that we can hire Chris for 2 hours and Sammy for 2 hours and spend the full $40 budget, if we so choose. But the points that lie both below and above this budget line also have significance. Points Below the Budget Line Any point below the budget line is considered  feasible but inefficient because we can have that many hours worked, but we would not spend our entire budget. For instance, the point (3,0) where we hire Chris for 3 hours and Sammy for 0 is feasible but inefficient because here we would only spend $30 on salaries when our budget is $40. Points Above the Budget Line Any point above the budget line, on the other hand, is considered  infeasible because it would cause us to go over our budget. For instance, the point (0,5) where we hire Sammy for 5 hours is infeasible as it would cost us $50 and we only have $40 to spend. Finding the Optimal Points Our optimal decision will lie on our highest possible indifference curve. Thus, we look at all the indifference curves and see which one gives us the most skates assembled. If we look at our five curves with our budget line, the blue (90), pink (150), yellow (180), and cyan (210)  curves all have portions that are on or below the budget curve meaning that they all have portions that are feasible. The  purple (250) curve, on the other hand, is at no time feasible since it is always strictly above the budget line. Thus, we remove the purple curve from consideration. Out of our four remaining curves, cyan is the highest and is the one that gives us the highest production value, so our scheduling answer must be on that curve. Note that many points on the cyan curve are above the budget line. Thus not any point on the green line is feasible. If we look closely, we see that any points between (1,3) and (2,2) are feasible as they intersect with our brown budget line. Thus according to these points, we have two options: we can hire each worker for 2 hours or we can hire Chris for 1 hour and Sammy for 3 hours. Both scheduling options result in the highest possible number of hockey skates based on our workers production and wages and our total budget. Complicating the Data:  Practice Problem 2 Budget Line Data On page one, we solved our task by determining the optimal number of hours we could hire our two workers, Sammy and Chris, based on their individual production, their wage, and our budget from the company CFO. Now the CFO has some new news for you. Sammy has gotten a raise. His wage is now increased to $20 an hour, but your salary budget has stayed the same at $40. What should you do now? First, you jot down the following information: Budget: $40Chriss Wage: $10/hrSammys New Wage: $20/hr Now, if you give the entire budget to Sammy you can only hire him for 2  hours,  while you can still hire Chris for four hours using the entire budget.  Thus,  you now mark the points (4,0) and (0,2) on your indifference curve graph and draw a line between them. Ive drawn a brown line between them, which you can see on  Indifference Curve vs. Budget Line Graph 2. Once again,  you may want to keep that graph open in a different tab or print it out for reference, as we will be examining it closer as we move along. Interpreting the New Indifference Curves and Budget Line Graph Now the area beneath our budget curve has shrunk. Notice the shape of the triangle has also changed. Its much  flatter,  since the attributes for Chris (X-axis) havent changed any, while Sammys time (Y-axis) has become much more expensive. As we can see. now the purple, cyan, and yellow curves are all above the budget line indicating that they are all unfeasible. Only the blue (90 skates) and pink (150 skates) have portions that are not above the  budget line. The blue curve, however, is completely below our budget line, meaning all the points represented by that line are feasible but inefficient. So we will disregard this indifference curve as well. Our only options left are along the pink indifference curve. In fact, only points on the pink line between (0,2) and (2,1) are feasible, thus we can either hire Chris for 0 hours and Sammy for 2 hours or we can hire Chris for 2 hours and Sammy for 1 hour, or some combination of factions of hours that fall along those two points on the pink indifference curve. Complicating the Data:  Practice Problem 3 Budget Line Data Now for another change to our practice problem. Since Sammy has become relatively more expensive to hire, the CFO has decided to increase your budget from $40 to $50. How does this impact your decision? Lets write down what we know: New Budget: $50Chriss Wage: $10/hrSammys Wage: $20/hr We see that if you give the entire budget to Sammy you can only hire him for 2.5  hours,  while you can hire Chris for five hours using the entire budget if you wish.  Thus,  you can now mark  down  the points (5,0) and (0,2.5) and draw a line between them. What do you see? If drawn correctly, youll note that the new budget line has moved upward. It has also moved parallel to the original budget line, a phenomenon that occurs whenever we increase our budget. A decrease in  budget, on the other hand, would be represented by a parallel shift downward in the  budget line. We see that the yellow (150) indifference curve is our highest feasible curve. To make the must select a point on that curve on the line between (1,2), where we hire Chris for 1 hour and Sammy for 2, and (3,1) where we hire Chris for 3 hours and Sammy for 1. More Economics Practice Problems: 10 Supply Demand Practice ProblemsMarginal Revenue and Marginal Cost Practice ProblemElasticity of Demand Practice Problems

Organisational and leadership management Case Study - 1

Organisational and leadership management - Case Study Example Their major aim is to highlight themselves in the middle and lower strata of the population to gain maximum market penetration and market share. Going into the history of the organization, it was founded in 1965 in West Yorkshire England, and it is there only that their headquarters are present. The major products that they are offering their vast customer base are grocery, general merchandize and financial services; a domain that is different from their focal business. Associated Dairies and Farms Stores Limited was formed in 1949; the company ASDA was formed after a merger agreement with three supermarket chains in 1965. After a lot of changes in the product base, coupled with mergers, acquisitions and diversifications, they started their focused approach towards extending their food retailers vision forward. This was done in 1989, by buying huge stores of Rivals, Gateway Superstores for a whopping some of 750 million pounds. Problem of selling too many products arose, which are encountered by raising capital from shareholders twice. The journey of then coupling themselves with the American giant Wal-Mart started where the CEO of the company even sent people to the organization in order to access the marketing and technology base that their international rivals were using. The takeover of this British organization by the US giant Wal-Mart, took place on 26th July, 1999; this was when the organization was planning to take over Kingfisher plc. (ASD A, 2009) The organization is basically boasting to provide product and service both to its values customers. It is more of less in the middle of the product-service continuum, sliding more towards to product end. This is because the organization has built a brand name in providing quality service in terms of retail housing to its customers. This requires high quality of product. On the other hand, due to their sound brand name, they have this aspect of after sales service that is being associated with the organization, the customers are satisfied that their queries would be met with. The element we will be focusing on in the assignment is the product orientation of the organization. It is a publically owned organization where shares are being traded on different stock exchanges. The company boasts of an income of 638 million pounds and is currently employing over 143 thousand in its organization, serving the whole of the United Kingdom. They have been known for their marketing campaigns based of fair/low price products that have kept the competition alive in the retailer market. ANALYSIS OF THE ORGANIZATION The organization provides retail to its customers. Apart from the basic grocery products and retail chains that it is providing its customers, the company has also diversified and moved into the financial sector market. They also provide financial services to the customers with the help of the subsidiary organizations. However, the focus of the analysis is the retailer section of the organization's product line. There are several factors for choosing the General Merchandize and grocery sector, in short the retailer business, of the company. One of the most prominent and important one is that this sector has been developed over a large period of time. The