Deutsche Brauerei Essay Example for Free

Deutsche Brauerei Essay The agenda attached (EXHIIBT 1) became the focus of Ms. Greta Schweitzer’s concentration for the next 24 hours. She relied on her team from her EMBA class in Frankfurt to assist her with the recommendations she would need to address this board tomorrow morning. Upon initial analysis, it became obvious that DB was in trouble with respect to the Ukraine market, much less the proposed capital expansion. Several items alarmed the team when we read the statements from both Lukas Schweitzer and Oleg Pinchuk. The sales and marketing manager has an obviously different approach than that which made DB successful in the past. Oleg Pinchuk has extended credit to its â€Å"distributors† which is causing a rise in sales and accordingly an increase in his salary (as it is based on sales). This needs to be corrected; given such a volatile environment and this firm’s recent history, a person in his position should earn a salary based on accounts receivable collections, rather than sales. Perhaps then, his discretion would be more restrictive with respect to extension of credit. Furthermore, if the distributors are in fact expanding and enhancing their stores by purchasing new equipment and restocking inventories, then obviously they have the cash to pay DB for their outstanding invoices. This raises considerable questions regarding the prudence of â€Å"trade-credit extensions† and compensation packages offered Mr. Pinchuk, and accordingly, we recommend his termination. A new salary structure and job description delineating required results can be negotiated with Mr. Pinchuk’s replacement. When considering adopting the budget for 2001, we must consider the proposed expansion and investments in new plant and equipment (warehouse and distribution center). With the overuse of short term debt and a borrowing rate over 2% higher than the government rate, it will be impossible to finance this capital expansion. We cannot recommend approval of the budget in its current form. There is not enough cash being collected, too much inventory carried on behalf of the distributors, too much risky short term debt and too many capital improvements budgeted to justify this expansion. Without actually collecting cash from the receivables, we do not recommend declaring any additional dividends, as indicated in the budget. Historically, declared and paid dividends were right at or below $2,000 (in thousands of Euros) and the proposed budget increases those to well over $3,200. We recommend restricting dividends declared to what was done in the past, without any increase. Once collections are received and with the change in marketing, credit policies, and inventory control, the company would be in a better financial position to pay additional dividends. As a matter of final note, we strongly urge the Board of Directors of DB to consider the short term effects of expanding into a new market economy. The Ukraine is just transitioning into becoming a market economy (experiencing supply and demand that guides the allocation of resources). Such a transition is politically and socially difficult for businesses because of rising inflation, unemployment, and economic uncertainty. We have serious questions about the vitality of DB and whether it can survive until the long term benefits of this transition are realized.

THE BLACK PRINCE Essay -- Essays Papers

THE BLACK PRINCE Edward was born the eldest son of Edward III, king of England. For most of his life he was know as Edward of Woodstock, but we know him as the Black Prince. He was created duke of Cornwall in 1337, the first duke to be created in England, and prince of Wales in 1343. In 1355, he joined his father in the campaigns of the Hundred Years War, as his father's lieutenant. He established his reputation for valor at the battle of CrÈcy (1346) for his command of the right wing of the English army. At this time he was only the age of 16. It was probably the French who called him the Black Prince, because he wore black armor. This is assumed because the name was not recorded in England until the 16th century. In 1355 the Black Prince led an expedition into Aquitaine, and in 1356 he defeated and captured John II of France in the battle of . Edward became ruler of the newly created English principality of Aquitaine in 1363. In 1367 he went to the support of the Spanish king and temporarily restored him to his throne by the victory of NÂ ·jera. However, the expenses of the wa...

Kamprad’s Resourcefulness: Ikea

1. Kamprad’s careful stewardship of resources exemplifies his abilities as a manager. By practicing frugalness and economy, he was able to maximize profits by keeping costs low while also being able to continually innovate his growing company. While to some he may appear frugal, he has created a nest egg for economic downturn and well as creating a strong ethic of financial stewardship within his organization. Planning and problem solving became both the framework for IKEA and its source for innovation.As a leader, Kamprad again instilled his own personal values into every fiber of IKEA. Effective cost cutting, hard work, and dedication. Aside from just cutting costs however, being influenced by the Bauhaus movement he also wanted to combine cost saving with a sense of style. (Chaundey, 2000) In addition, the welfare of his employees has been a main concern. (Nelson and Quick, 2011) I believe that Kamprad was (and is) a strong leader and manager for IKEA, and I believe that th ese principles will be carried on in his sons to future success in the marketplace. 2.The followership of employees within IKEA can be directly linked to the Leadership Grid in Fig. 12. 1. (Nelson and Quick, 2011) From the structure of the grid, Kamprad would be a 9,9. Kamprad’s leadership style calls upon and motivates the team members within the company to take initiative and a personal stake in the company. They are hiring not just into a job but into a lifestyle and way of thinking. The combination of careful stewardship with concern for employee welfare creates an environment that gives employees both a responsibility and a sense of community. Etzioni, 1960) Thus IKEA employees are empowered and feel like they are part of something. In this way IKEA ends up with a staff of active independent, critical thinking individuals. (Nelson and Quick, 2011) This overall will drive employees to greater creativity and productivity for the company they care for and cares for them. 3. The case does not give specifics about Kamprad’s actions as a transactional leader, although the narrative would lead one to believe that they style would be uncharacteristic of him. Although Kamprad’s traits as a transformational leader are unquestionable.Kamprad has given employees not just a goal but a way of living. (Davis, 2006) Kamprad himself dresses simply, eats at cheap restaurants and flies economy class. (Chaundey, 2000) Kamprad innovated and redefined ways of doing business repeatedly throughout his tenure as CEO of IKEA. From the mission statement of ‘create a better everyday life for the many people’, IKEA has been built upon a pioneering spirit. (Gowan, 2009) By designed a business plan that allowed IKEA to work directly between manufacturers and customers to keep costs low. ibid. ) By designing the flat boxes and shipping furniture to customers that they assembled themselves, Kamprad has been able to keep cost down. It is these business te chniques along with his uncompromising ethics that he has instilled into the company and led it to greatness. Kamprad’s charisma is a quiet sort largely involving a ‘lead by example’ technique. Employees are drawn to Kamprad because of his strong ethics and personal adherence to them. Kamprad’s philosophy is not just words at board meetings but the way he lives his life.This gives employees a stronger sense of connection with the boss, as he is still very close to his modest roots. The lack of title and privilege within IKEA also reinforces this. (Davis, 2006) References Chaundy, Bob (2000) IKEA’s self-assembled billionaire. BBC News. July 28, 2000 Retrieved from news. bbc. co. uk Davis, Paul (2006) Billionaire Attributes – Modesty: Ingvar Kamprad, Ikea’s Founder and Owner. Retrieved from ezinearticles. com Etzioni, Amitai (1960) Two Approaches to Organizational Analysis: A Critique and a Suggestion.Administrative Science Quarterly, Vo l. 5, No. 2 Gawor, Katarzyna; Halasova, Sona; Polzin, Friedemann (2009) International Business Strategy of IKEA – Activities of the Multinational Furniture Retailer. University of Economics Bratislava Nelson, D. & Quick, J. (2011). Organizational Behavior: Science, the RealWorld, and You. (7th Ed. ) Mason, OH: South Western. Cengage Learning. Etzioni, Amitai (1960) Two Approaches to Organizational Analysis: A Critique and a Suggestion. Administrative Science Quarterly, Vol. 5, No. 2 Retrieved from www. amitaietzioni. org

The Effect Of Compression Over Bioimpedance Of Healthy...

The present study determines the effect of compression over bioimpedance of healthy soft tissue (in-vitro and in-vivo). Electrical impedance spectroscopy (EIS) is a promising tissue characterization and tumor detection technique that uses tissue impedance or admittance to characterize tissue and identify tissue properties as well as cell structure. Variation in EIS measurements while applying pressure suggests that compression tends to affect soft tissue bioimpedance. Moreover, the displacements in tissue caused by applied compression may provide useful information about the structure and state of the tissue. Thus combining the changes to the electrical properties of tissue resulted by applied compression, with the changes in tissue displacements caused by applied compression, and consequently measuring the effect that electrical and mechanical properties have on each other, can be useful to identify tissue structure. In this study, multifrequency bioimpedance measurements were perfo rmed on in-vitro and in- vivo soft tissue at different pressure levels. Increasing compression on the in-vitro tissue results in an increase in both extracellular resistance and membrane capacitance while it causes a reduction in the intracellular resistance. However, as the compression over the in-vivo samples increases, the intracellular and extracellular resistance increase and the membrane capacitance decreases. The in-vivo measurements on human body are also tested on contra- lateral tissue