Everydy Low pricing Assignment Example | Topics and Well Written Essays - 250 words

Everydy Low pricing - Assignment Example 2. What could your local supermarket do other than offer low prices or price discounts to win your business (delight you) and still maintain a high profit margin? As suggested, other than offering everyday low prices, one’s local supermarket could offer some slow moving products on major price-off sale (from 20 to 50% off) or provide discounts to frequent buyers (maybe through accumulating points which could be redeemed as cash on the next shopping). These strategies would ensure that slow moving products could be purchased and the points system would not entail costs to the supermarket which could lessen their profits. 3. What advantages and disadvantages do you see for manufacturers to offer everyday low purchase prices to retailers? Are manufacturers and retailers pushing price so much that theyre in danger of lowering profits? Is this especially true on the Internet? Why is price competition so common? The advantages of offering everyday low purchase prices to retailers by manufacturers include selecting them as sources of products in volume, as against competitors not offering low prices. The disadvantages include potentially lower profit potentials if the volumes of needed sales are not met. One believes that manufacturers and retailers make the necessary computations in volume-price effect of pushing price to achieve a target profit; otherwise, they would not offer this pricing strategy. This fact is applicable in any organizational setting and in various medium, including the internet. Price competition is so common because consumers are becoming price conscious and opts to purchase products that are perceived to be the cheapest but provides the value needed by the

Salary and benefits of becoming a financial manager Essay

Salary and benefits of becoming a financial manager - Essay Example nagers is customarily expected to rise based on their expertise in various specialties ranging from strategic planning, financial analysis, forecasting and financial modelling. Consequently, financial managers are expected to take home an annual income averaging at about $83,000 to 130,000 after a being on the job for a duration of about ten years. According to input from payscale.com, financial managers not only take home attractive wages, but similarly smile to the bank due to the direct and indirect benefits that they take home. In highlighting some of the direct benefits that come with the job, payscale.com precisely reports, â€Å"Average Finance Managers in the United States make around $83K per year. Individual bonuses, profit sharing and commission for Finance Managers — as high as $19K, $13K and $87K, respectively† (Pay Scale). Apart from the benefits highlighted, the managers indirectly benefit from other remunerations like medical coverage for entitled family members, as well as a perfect savings plan, which ensures that their retirement is well catered for (US News). Novack, Janet. 6 Pointed Questions to Ask Before Hiring a Financial Advisor. Forbes Magazine. Retrieved from:

Nursing Theory and Practice Term Paper Example | Topics and Well Written Essays - 2500 words

Nursing Theory and Practice - Term Paper Example With actual nursing practice, Callista Roy recognized that in order to provide effective care, there must be several specific factors taken into consideration. These include psychological constructs of human behavior, socialization, physiological care, and inherent evaluations related to nurse self-concept, role function and interdependence on systems and teams. Roy began to see not only better patient outcomes by adopting this rather holistic model and its principles, but more dedicated and devoted nurses with strong self-awareness and emotional intelligence to perform adequate nursing care practice. The Roy Adaptation Model (RAM) consists of a series of inputs referred to as stimuli, control processes that include coping mechanisms, effectors which relates to nursing and patient self-concept, and the establishment of a feedback system to achieve maximum positive outputs in nursing care and practice and to reduce ineffective responses learned through observation and direct experienc e with patients. Why RAM is so effective is that it is practical and realistic, taking into consideration the multi-dimensional characteristics of human needs and values that are critical components to how patients will respond to nurses and how nursing caregivers will respond to patients. What makes the Roy Adaptation Model so relevant is that it understands that nurses and patients are both adaptive and holistic in cognition and emotion, where health is more than physiological care, but also biopsychosocial taking into consideration more than just the patient (Shin, Park, & Kim, 2006). This is a transformational model of nursing care, in which nursing culture within the organization is considered both an input and an effector. Fairholm (2009) identifies that in order to build an effective culture within the health care organization, a nurse must be visionary, a teacher, and impart mission to others to reduce change resistance and also build inter-team loyalties. The Roy Adaptation Model recognizes the impact of de-motivated or highly motivated nursing agents within the organization as variables that can impact nurse self-concept and task importance impacting psychological and sociological condition of the caregiver. RAM provides an acknowledgement that nurses and patients are complicated and dynamic individuals that must be addressed according to their self-concept and ability to cope effectively with their health care provision while also developing positive inter-dependencies with other health care staff. This model does not negate the notion of servant leadership in which a nurse is able to provide effective service and care to others while also developing better emotional intelligence and self-betterment through cognition and self-evaluation (Farazmand, Green, & Miller, 2010). The feedback system is an evaluatory tool that assesses whether strategies in nursing practice have met with expected outcomes and also to assist in developing new strategies that were ineffective. This model therefore provides qualitative and quantitative analyses opportunities that explore tangible care actions and relationship-minded concerns that are best measured through interviews or direct observation rather than through statistical evaluation. This model, because of its ability to recognize subjective and deductive scenarios in nursing care, is

Healthcare knowledge management Research Paper Example | Topics and Well Written Essays - 1000 words

Healthcare knowledge management - Research Paper Example This paper is a critical analysis of a qualitative healthcare study titled, Healthcare Knowledge Management: The Art of the Possible by Syed Sibte Raza Abidi. It was published by Springer-Verlag Berlin Heidelberg in 2008. Problem Statement Healthcare and the field of medicine are areas which are characterized by rich knowledge. However, this knowledge is often underutilized especially during times of care or need There is exponential growth, in the healthcare sector, in the understanding of diseases, procedures for  treatment  and measures of patient care.  On the other hand, this  significant  growth  has resulted in healthcare  knowledge  to  tend  to a flux because of the  generation  of new knowledge at a fast pace.  It is necessary to note that the utilization of this  knowledge  significantly impacts healthcare delivery, health outcomes and patient care. The ability of the clinical  personnel  or staff is also not congruent in the appropriate d issemination,  application  and  translation  of the healthcare  knowledge  that  is currently generated  in the clinical practice (Jackson, 2000). This form of knowledge is usually available in a different medium, but occurs in large volumes thus posing a challenge to the healthcare experts to be aware and  implement  the pertinent and  relevant  parts to the decisions of patient care. These decisions need to rely on the  most relevant,  appropriate  and  current  knowledge  available, and implement alongside the available  data  on point-of-care patient as well as in line with the therapeutic references of the patients. Recent studies have also proven that healthcare professionals have limited access and implementation of the current healthcare  knowledge, and this ultimately affects the most  sensitive  part  which is the optimal healthcare delivery to patients. Several surveys and studies have reported over 98,000 deaths of patient s each year due to preventable errors. Another study revealed that 11% patients admitted to hospitals experienced or encountered adverse events, 48% of the occurrences would  have been prevented  if the  right  and relevant  knowledge  is  applicable  (Bates et al, 2003). These evidences  show  the under utilization of the continuously generated healthcare  knowledge, which results to  wrong  clinical decisions, under utilization of resources, medical errors and high costs of healthcare delivery. Purpose and Research Questions Healthcare  knowledge  is  highly  critical in decision making, in clinical situations involving the diagnostic and therapeutic procedures. Implementation of this knowledge in the  correct  way ensures effective diagnostic decisions and  subsequent  working  therapeutic regimes. Decision making by clinical experts occurs in a cyclic  way  characterized by  application  of the healthcare  knowledge  in val idating the initial hypotheses, which meets the requirements of the final decision and deals with  potential  challenges (Montani  &  Bellazzi, 2002).  There is  dynamic  contextualization of the healthcare  knowledge  in interpreting the health status of a patient, and finding the right  treatment  interventions that suit each patient, in a  specific  situation  or clinical  condition.  The key to achieving such  successful  and  effective  decisions and treatment regimes is by making the  relevant, current and  correct  knowledge  available to  clinical  professionals in  line  to their  clinical  context. The author believes that the timely and effective use of such  knowledge  can  transform  the  potential  and  nature  of healthcare practices. This has the  sure  potential  of yielding  high  and quality levels of  team  care, patient care, patient centeredness, quality care, and cost eff ective healthcare (Bali &  Dwivedi, 2006). The aims of management of healthcare  knowledge  are to address the gaps in knowledge applicable to the system of healthcare,

ARTICLE ANALYSIS Assignment Example | Topics and Well Written Essays - 500 words

ARTICLE ANALYSIS - Assignment Example The article addresses concern of robust job growth. Through macroeconomic analysis lowest unemployment rate witnessed in the US since June 2008 can be attributed to a rapidly improving economy. The concerns of the article are relevant and practical since we would expect changes within the economy. Unemployment is for a fact a negative phenomenon in societal setup as it adversely affect in different directions or dimensions. Unless the Fed act and counter checks its macroeconomic policies, little to no impact can be felt in the economy and in worker’s paychecks thus harming the prices. The effects of unemployment are verified through their presence and thus. Unemployment can be considered a multi-dimensional phenomenon and one would expect that when it is lowered workers should begin to enjoy the fruits. This is because it is a social growth affected by population expansion with a phenomenon since it effects the social structure shape and pattern. These attributes are directly correlated to price stability within the economy. So as the article suggests, the Fed should be possibly persuaded to move sooner rather than later to increase rates to lessen future inflation or the risk of speculative bubbles. They don’t need to wait for wage growth to increase to raise the rates, they can act speedily to save the economy and ensure price stability and sustainable economic growth. Thus the article is very important in addressing these critical aspects that affects the US economy. In a broader context, the reading relates to my career goals in many ways. More specifically, the goal of understanding sustainability of economic growth and price stability. My career goal is working as a consultant and offering advisory roles pertaining to economic growth and unemployment. The article is very relevant in such pursuit. Through critical analysis, the article can be faulted in a way. The article

The use of IFI replacing PRSP Essay Example | Topics and Well Written Essays - 1750 words

The use of IFI replacing PRSP - Essay Example It is a road map that leads the organizations involved in this process, to the making of the final PRSP. During the period in which the document is formulated, greater participation by the civil society is encouraged. The data that provides information on the nature of poverty and its distribution are collected and considered for statistical analysis. According to the IMF and the World Bank, the PRSP document must present an exclusive description of the participatory process for the making of the document, a comprehensive diagnosis of the problem of poverty, clear description of the social and economic priorities and transparent targets in accordance with the costs incurred by the society. The PRSP acts as an indicator of the monitoring system and helps in evaluating the process of progress (Christiansen and Hovland, â€Å"The PRSP Initiative: Multilateral Policy Change and the Role of Research†). ... This is because the process is highly context specific and the does not follow any pre determined critical pathway that would directly lead the government of the country to develop the PRSP (Christiansen and Hovland, â€Å"The PRSP Initiative: Multilateral Policy Change and the Role of Research†). The basic principle followed for the drafting of the interim PRSP is to follow the broad participation rate, engagement of the civil society as well as the private sector in deciding the structure of the expenditure and their priorities. Structural adjustment measures in Pakistan Pakistan has undergone a number of structural adjustment programs since the 1970s. The adjustment modification that was undertaken in the 1980s had brought improvement in the economic performance of the country and also made the common population capable of responding to the economic changes occurring in the economy of Pakistan. However, the focus of these structural adjustment lied solely on increasing effi ciency of economic activities in order to bring economic benefits, but, attention had not been given to the problem of rising income inequality. Incidence of poverty has grown over the years and at present there is huge inequality in distribution of income (James and Pyatt, â€Å"Three-Gap Analysis of Structural Adjustment in Pakistan†). These factors have necessitated the drafting of the Poverty Reduction Strategy Papers. The government (Finance Ministry of the Government) along with the civic bodies in the nation, individual participants and non-governmental organizations work in synchronization to develop the draft of the PRSP backed by the international financial institutions (IFI). The PRSP has been aimed at replacing the existing structural adjustment measures in the

The Role of Cultural Intelligence in Effective Leadership Essay Example for Free

The Role of Cultural Intelligence in Effective Leadership Essay Over the years, business companies and society in general have increasingly housed different people from all over the world, each bringing to the table his or her own culture. As a consequence, the need for effective social skills and cultural sensitivity has been highlighted, especially for managers as part of the complete leadership package. What is Cultural Intelligence? Traditionally, intelligence is defined as simply being able to correctly answer questions in a test. However, experts say that intelligence encompasses more aspects which build an individual’s personality, and this includes cultural intelligence (Earley, 2003, p. 3). Before we define what cultural intelligence is, let us first understand the meaning of culture. Peterson (2004) defines culture as â€Å"the relatively set of minor values and beliefs generally held by groups of people in countries or regions and the noticeable impact those values and beliefs have on the people’s outward behaviors and environment† (p. 17). Given this definition, we can clearly say that managing and capitalizing on different cultures to drive business to profitability entails a very solid leadership team. Management literature offers a number of working definitions of cultural intelligence or CQ. For instance, Earley and Ang (2003) define CQ as: A person’s capability for successful adaptation to new cultural settings, that is, for unfamiliar settings attributable to cultural context and consists of cognitive, motivational and behavioral elements. In managerial contexts, this calls for the ability, among other things, to identify and solve problems sensitively and effectively in cross cultural situations. (p. 9) CQ is also sometimes referred to as the â€Å"key competencies that allow us to effectively interact with people from diverse cultural backgrounds in all kinds of settings† (Bucher, 2007, p. 7). The Need for Cultural Intelligence in Business The trend nowadays is that companies are seeing an increasingly diverse employee base as they expand to new local and international territories. This, then, necessitates more effective leadership skills set and behaviors to be able to manage the company given the new and often changing global landscape. CQ encompasses both traditional intelligence (IQ), which is required to perform and analyze day-to-day business activities, and emotional intelligence (EQ) which deals primarily with social interactions. It entails the capacity to decipher, interpret and integrate both rational and emotional behaviors. Business leaders with high CQ more easily and effectively adapt to new environments and deal with people from different countries. (Earley and Ang, 2003, p. 34 35). CQ plays an important role in a number of business activities especially when a company is trying to develop a business opportunity in a foreign country or is planning to enter into a joint venture with a foreign partner. In these cases, a high CQ manager will overcome common impediments such as language and professional mindset to close a potential deal. CQ is also required of a manager who oversees both local and expatriate colleagues. He or she must make sure that they co-exist and work toward a common goal for the company. Sometimes, it is especially challenging to motivate local employees when they see a lot of expatriates who usually have significantly bigger paychecks. In addition, CQ is needed in resolving disputes between or among employees of diverse cultural background. A good manager knows that some people prefer direct and straightforward confrontation, while others are uncomfortable with this style. Managing relations with foreign stakeholders can likewise be difficult at times, especially with the difference in governance style and structure. However, a manager with high CQ will take into consideration political, corporate or social sensitivities to sustain thriving relationships with the company’s stakeholders. Multi-national companies also face a lot of ethical dilemmas, and dealing with these problems requires high levels of CQ. Moreover, strategic business activities like setting policies and plans, as well as developing training programs for employees call for managers with high CQ. In both cases, the company should strike a balance between the needs and expectations of both local staff and expatriates. More importantly, CQ impacts a company’s bottom-line issues. Bucher (2007) explains: CQ changes the way employees interact with their customers and clients. As employees develop their CQ megaskills, their ability to assess and understand the cultural context of any social interaction increases. This, in turn, allows them to increase customer / client satisfaction by building relationships and adapting to the diverse needs of individuals. Even small changes in the range and magnitude of one’s skills can have a profound influence on productivity, and other bottom-line issues. (p. 12) Cultural Intelligence and Emotional Intelligence Emotional intelligence (EQ), like IQ and CQ, contributes to the well-roundedness of a highly-effective manager and business leader. Stening (2006) discusses, An individual’s success in life (including at work) is determined not just by abilities in respect of a fairly narrow range of mathematics and linguistic skills, but by such things as: knowing their own emotions (self-awareness); managing their emotions (handling their feelings in an appropriate manner); motivating themselves (harnessing their emotions in the interests of goal accomplishment); recognizing emotions in others (having empathy); and handling relationships (being socially – i. e. , behaviorally – competent). (p. 78) Managers who possess high EQ tend to be more effective motivators and leaders as they recognize the need for open and transparent communications with their staff. Of course, employees more positively respond to a high EQ manager who understands his or her own emotions and let their actions speak louder than mere words than an authoritarian manager. EQ is particularly useful in managing conflicts. A high EQ manager will be in a better position to resolve the conflict calmly since he or she has control over his or her emotions. In addition, having a high EQ will enable a manager to make wise business decisions because he or she is more stable, would be more open to other people’s suggestions, and can clearly think even under pressure. Moreover, companies with many high EQ managers will be able to retain their competent workforce and survive the tight competition in the market. This is because employees who are made to feel they are an asset to the organization will most likely be more motivated to perform better and be loyal to the company. How to Enhance Cultural Intelligence Like any other intelligence models, CQ can be developed and enhanced. Some CQ proponents suggest that CQ is developed in three ways: cognitive, physical and motivational. Cognitive refers to learning about your own culture as well as those of other people, and appreciating what cultural diversity is about. Meanwhile, physical means using your body and senses to blend and immerse in a new environment. Finally, motivational pertains to using your emotions such as in gaining rewards upon achievement of a certain level of success and/or acceptance. (Earley, Ang Tan, 2010, p. 34) Bucher (2007), on the other hand, suggests developing nine â€Å"megaskills† to build CQ, namely (1) understanding my cultural identity; (2) checking cultural lenses; (3) global consciousness; (4) shifting perspectives; (5) intercultural; communication; (6) managing cross-cultural conflict; (7) multi-cultural teaming; (8) dealing with bias; and (9) understanding the dynamics of power. (p. 10 -11) References Bucher, R. D. (2007). Building Cultural Intelligence (CQ): Nine Megaskills. USA: Prentice Hall. Chin, C. Gaynier, L. (2006). Global Leadership Competence; A Cultural Intelligence Perspective. Michigan: Lawrence Technical University. Deng, L. , Gibson, P. (2008). A Qualitative Evaluation on the Role of Cultural Intelligence in Cross-Cultural Leadership Effectiveness. International Journal of Leadership Studies, 3 (2), 181 – 197. Earley, C. P. , Ang, S. (2003). Cultural Intelligence: Individual Interactions Across Cultures. California: Stanford University Press. Earley, C. P. , Ang. S. , Tan, J. (2010). CQ: Developing Cultural Intelligence at Work. California: Stanford Business Books. Gardner, H. (2006). Multiple Intelligences: New Horizons in Theory and Practice. USA: Basic Books. Goleman, D. (2005). Emotional Intelligence: Why it Can Matter More than IQ. New York: Bantam Dell. Goleman, D. , McKee, A. , Boyatzis, R. (2002). Primal Leadership: Realizing the Power of